Crypto Digest — 17 August 2025

📢 Read the daily digest for 2025-08-17: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!

🔎 Coin Research — Mantle (MNT) — 17 August 2025

New weekly coin research for Mantle (MNT). — Score: 7.00/10 TL;DR: Mantle is a modular Ethereum Layer-2 optimistic rollup with EigenDA-powered data availability, designed as a liquidity chain for institutional and DeFi use case

Behind Ethereum’s pullback: Institutions keep buying while retail panics

On-chain data over the past week reveals a divergence in Ethereum behavior after prices pulled back from an all-time high. Retail investors reduced holdings sharply during the decline, while institutional entities continued accumulation via OTC and exchange flows.

XRP Ledger Used by Nasdaq-Listed Pharma Distributor to Power Payment System for Pharmacies

Wellgistics Health launched an XRP Ledger-based payment system serving over 6,500 pharmacies and 200 manufacturers. The Nasdaq-listed distributor plans to settle invoices in real time on XRPL, cutting costs and delays, and intends to adopt XRP as a treasury reserve asset under a $50 million credit line.

Gemini Hires Goldmans, Citi, Morgan Stanley and Cantor as Lead Bookrunners For its IPO

Crypto exchange Gemini filed an S-1 with the SEC, naming Goldman Sachs, Citigroup, Morgan Stanley and Cantor Fitzgerald as lead bookrunners for its planned IPO. Additional banks including Evercore and Mizuho will serve in supporting roles ahead of the Nasdaq debut under ticker GEMI.

Adam Back’s $2.1B Bitcoin Treasury Play Set to Challenge MARA in BTC Holdings

Bitcoin Standard Treasury Co. plans to merge via SPAC with Cantor Equity Partners, bringing 30,021 BTC on balance sheet and raising up to $1.5 billion in fiat capital. Founders and early investors will contribute 30,021 BTC to build a corporate treasury rivaling MARA.

Spot Bitcoin and Ethereum ETFs hit record $40B weekly trading volume

US-based Spot Bitcoin and Ether ETFs recorded $40 billion in trading volume over the past week, marking their biggest ever week. Ether ETFs outpaced Bitcoin inflows for five consecutive days amid strong institutional participation.

Ether Accumulation Heats Up: $882M in ETH Snapped Up by BitMine and Whale

BitMine Immersion Technology and an unidentified whale acquired $882 million in Ether via OTC desks and exchange withdrawals. BitMine’s purchases lifted its holdings to 1,297,093 ETH, and the whale amassed 92,899 ETH in recent days, signaling robust institutional demand.

XRP Ledger Powers Payment System for 6,500 Pharmacies

Wellgistics Health launched an XRP Ledger-based payment platform serving 6,500 U.S. pharmacies, enabling instant, low-cost settlements for inventory purchases. The program integrates with RxERP and adheres to HIPAA and AML standards while exploring direct-to-patient and manufacturer workflows.

U.S. Federal Reserve Ends Specialized Crypto Oversight Program

The U.S. Federal Reserve announced the termination of its Novel Activities Supervision Program effective August 15, 2025, moving crypto oversight into standard bank supervision. This shift is intended to reduce compliance burdens and manage crypto risks under existing frameworks.

Crypto Memes — 2025-08-16

😂 Best crypto memes today — BTC swings, altcoin drama, and trader jokes. Laugh & share the top picks for 2025-08-16. 🚀

Ether unstaking queue hits $3.8B, marking historic backlog

Ether unstaking queue reached a record $3.8 billion, creating a 15 day withdrawal backlog after the Shanghai upgrade. Major liquid staking services Lido, EthFi and Coinbase account for over 63 percent of queued withdrawals. Institutional reserves and spot ETF holdings have surged 140 percent since May, mitigating potential sell pressure.

Crypto Digest — 16 August 2025

📢 Read the daily digest for 2025-08-16: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!

🔎 Coin Research — Vanar Chain (VANRY) — 16 August 2025

New weekly coin research for Vanar Chain (VANRY). — Score: 7.00/10 TL;DR: Vanar Chain is a green, EVM-compatible, energy-efficient Layer-1 blockchain targeting mainstream adoption with ultra-low fees and high throughput.

U.S. Fed officially scraps specialist group for crypto and fintech oversight

The U.S. Federal Reserve has closed its Novel Activities Supervision Program, a dedicated unit formed in 2023 to monitor banks’ crypto and fintech engagements. The Fed cited enhanced expertise and matured risk frameworks as reasons for reintegrating digital asset oversight into routine supervision. The change aims to streamline processes, though some warn of reduced focus on emerging risks.

New York legislator pushes bill to tax cryptocurrency transactions

New York Assembly member Phil Steck introduced Bill 8966 to impose a 0.2% excise tax on cryptocurrency and NFT transactions, effective September 1 if enacted. The legislation seeks new revenue for New York City and may affect exchanges, traders and DeFi protocols. Several states are exploring similar measures.

Crypto hackers capitalize on ETH surge, offloading $72M this week

Three high-profile exploiters sold stolen ETH amid Ether’s rally to $4,780, securing tens of millions in extra gains. The Radiant Capital hacker realised $48.3M, the Infini attacker $25.15M and a THORChain-related exploiter $9.76M. H1 2025 saw $3.1B lost to hacks.

Ethereum ETFs continue $3.7B inflow streak, Bitcoin funds trail behind

U.S. spot Ethereum ETFs logged $639.61M in net inflows on August 15, marking eight consecutive days and $3.7B total in August. BlackRock’s iShares Ethereum Trust contributes $2.6B of this. U.S. spot Bitcoin ETFs recorded $230.93M on August 14, extending a seven-day $1.34B inflow streak.

U.S. Fed officially scraps specialist group meant to oversee crypto issues

Federal Reserve ended its Novel Activities Supervision Program for banks’ crypto activity, folding responsibilities into routine supervision. The action aligns with OCC and FDIC in easing digital-asset scrutiny following the withdrawal of prior crypto guidance. Fed cited strengthened internal expertise since 2023.

Hong Kong issues strict new crypto custody rules for cold wallets

Hong Kong SFC issued guidance banning smart contracts in cold wallets and requiring certified hardware security modules and whitelisted withdrawals. Custodians must maintain 24/7 security operations, air-gapped key generation and strict multi-factor physical access controls. The measures aim to enhance security and harmonise custody standards.

Circle to Offer 10 Million Class A Shares at $130 Each

Circle announced a secondary offering of 10 million Class A shares at $130 each, more than four times its June IPO price. Existing shareholders will sell 8 million shares, while Circle itself will sell 2 million, with proceeds allocated for corporate purposes.

Altcoin Season Could Begin in September as Bitcoin’s Grip on Crypto Market Weakens

Coinbase Institutional’s report forecasts that September could mark the start of an altcoin season driven by declining bitcoin dominance, improved liquidity and growing investor risk appetite. Rotational capital flows may favor large-cap altcoins initially.

Hong Kong Regulator Tightens Custody Standards for Licensed Crypto Exchanges

Hong Kong’s SFC issued new custody standards for licensed crypto exchanges covering management responsibility, cold wallet operations and real-time threat monitoring. The measures aim to strengthen cyber defenses after a regulatory review found inadequacies.

XRP Sheds 7% on $437M Sell Spike as $1B Liquidations Hit Crypto Market

XRP fell 7.19% after a $437 million sell spike triggered over $1 billion in market liquidations. The token dropped from $3.34 to $3.10, testing critical support near $3.05. Late-session buying indicated renewed accumulation by large holders.

New York Bill Would Tax Crypto Sales and Transfers

New York Assembly Bill 8966 proposes a 0.2% excise tax on all crypto sales and transfers, including NFTs, effective from Sept. 1. The tax revenue will fund substance abuse programs in upstate schools. The bill must pass committee, Assembly, Senate and receive the governor’s approval.

Crypto Memes — 2025-08-15

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US Treasury’s Bessent Backpedals, Bitcoin Purchases Still Explored

Treasury Secretary Scott Bessent clarified that budget-neutral methods to buy Bitcoin for the Strategic Reserve remain under exploration. Earlier comments suggesting no further purchases triggered a market sell-off, wiping $55 billion from crypto value. The government also confirmed a halt on selling existing holdings.

XRP Drops 7% as $1B Liquidations Expose Support Levels

XRP tumbled 7.2% to $3.10 following over $1 billion in market-wide liquidations triggered by inflation fears. Heavy selling tested the $3.05 support zone before late-session buying hinted at renewed accumulation by large holders. Technical levels at $3.13 and $3.20 now shape near-term outlook.

Bullish Bets Lose $860M to Liquidations After Sudden Crypto Sell-Off

Over $1 billion in leveraged crypto positions were liquidated following hotter-than-expected U.S. PPI data. Bitcoin briefly reached a new high above $123,500 before a sharp sell-off wiped $866 million in long positions. Traders now await further economic signals for policy direction.

Asia Morning Briefing Highlights ETH Selling Pressure Amid Rally

Ethereum’s price slipped 3% to $4,600 despite strong performance over the past month. Exchange inflows of ETH have surpassed Bitcoin’s, indicating profit-taking ahead of potential consolidation. Macro data and ETF flows continue to influence market sentiment amidst stretched positioning.

Crypto Digest — 15 August 2025

📢 Read the daily digest for 2025-08-15: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!

🔎 Coin Research — DeepBook (DEEP) — 15 August 2025

New weekly coin research for DeepBook (DEEP). — Score: 78.00/10 TL;DR: DeepBook is the first fully on-chain central limit order book (CLOB) for Sui DeFi, offering institutional-grade liquidity, low latency, and composability for de

🔎 Coin Research — DeepBook (DEEP) — 15 August 2025

New weekly coin research for DeepBook (DEEP). — Score: 8.00/10 TL;DR: DeepBook is the first fully on-chain central limit order book (CLOB) for Sui DeFi, offering institutional-grade liquidity, low latency, and composability for de

Bitcoin Tops $124K, Now Larger Than Google by Market Cap

Bitcoin surged above $124,000 to overtake Google’s market capitalisation and become the fifth-largest global asset. This movement reflects strong institutional investment and favourable macroeconomic conditions supporting continued digital asset growth.

Morning Bid: Bitcoin Joins the Risk-On Party

Bitcoin rallied alongside global equities, driven by expectations of US interest rate cuts and regulatory support. Ether also advanced toward multi-year highs as institutional inflows sustain bullish momentum.

SpaceX Bitcoin Holdings Surpass $1 Billion

SpaceX holdings exceed $1 billion in Bitcoin, indicating significant corporate adoption of digital assets. The milestone underscores a growing trend of major companies integrating cryptocurrency into treasury strategies.

ICP Rallies to $6.08 Then Falls Amid Security Concerns

ICP spiked from $5.84 to $6.08 before reversing, experiencing a 5% range swing amid security issues. A breach at Odin.fun raised authentication questions, while consolidation between $5.87 and $5.92 highlighted cautious market sentiment.

Bitcoin Realized Price Breaks Above 200WMA Signaling More Room to Run

Bitcoin’s realized price climbed above the 200-week moving average for the first time since June 2022, a historical signal often preceding sustained bull runs. On-chain data indicates renewed investor confidence and technical support around $51,344.

XRP Breaks Key Resistance After Ripple-SEC Win Is $8 Next

XRP broke above key resistance at $3.27 on high volume after a legal victory in the Ripple-SEC case, signalling renewed institutional interest. Technical momentum suggests potential targets up to $8, driven by stronger market sentiment and regulatory clarity.

Trump-Fueled Crypto Frenzy Sparks Rush to Wall Street IPOs

U.S. crypto firms are pursuing IPOs on Wall Street, driven by pro-crypto policies under President Trump and a record $4.2 trillion market cap. Bullish raised over $1.1 billion in its debut, while Circle’s stablecoin listing and the Genius Act boosted investor confidence.

Bitcoin Hits Fresh Record as Fed Easing Bets Add to Tailwinds

Bitcoin hit a record peak at $124,002.49 amid growing Fed rate-cut expectations and financial reforms support. Ether rallied to $4,780.04, the strongest since late 2021, on sustained institutional purchases and regulatory tailwinds.

Crypto Digest — 10 July 2025

Crypto Memes — 2025-08-14

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XRP Breaks Key Resistance Following Ripple-SEC Win, Eyes $8 Target

XRP climbed from $3.24 to $3.33 in 24 hours after Ripple and the SEC withdrew appeals, clearing regulatory overhang. Institutional buyers drove exceptional volume of 217 million tokens at breakout, with support at $3.20–3.22 and profit-taking near $3.34 ahead of next targets in the $6–$8 range.

Dogecoin Rallies 7% on $200M Whale Buys as Futures Open Interest Tops $3B

Dogecoin surged over 7% in 24 hours, fueled by more than $200 million in whale purchases and rising futures open interest above $3 billion. Breakout above $0.25 resistance triggered a volume-driven rally, with technical patterns indicating further upside toward $0.27 and sustained bullish sentiment.

Bitcoin Becomes Fifth-Largest Asset by Market Cap, Surpasses Google

Bitcoin market capitalization surpassed $2.4 trillion, overtaking Google to become the fifth-largest global asset after a rally mirroring record highs in U.S. equities. The surge was driven by favorable macro data, expectations of Fed rate cuts, and sustained corporate treasury allocations to Bitcoin.

Crypto Digest — 14 August 2025

📢 Read the daily digest for 2025-08-14: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!

Coinbase Corporate Wallet Drained for $300K by MEV Exploit

A misconfigured approval to 0x’s swapper contract allowed MEV bots to drain $300,000 from a Coinbase corporate wallet within seconds. No customer funds were affected, and the incident was isolated to a permissions error confirmed by the exchange’s chief security officer. The exploit highlights ongoing risks from automated on-chain bots.

Long-Term Holders Sell Bitcoin at Record Highs Above $120K

Blockchain data shows a decline of over 300,000 BTC in long-term wallets over the past four weeks, coinciding with a new all-time high above $124,000. Dormant addresses reactivated, contributing to renewed selling pressure and temporary momentum loss. Institutional and retail demand near $118,000 has helped absorb supply, holding price above key support.

Memeagent launches $CHAD token presale to power AI-driven campaign protocol

Memeagent.io opened its $CHAD token presale on Aug 14, offering participants an early allocation in the protocol’s AI-powered campaign issuance network, aiming to enhance engagement through programmatic memecoin creations.

Nasdaq-listed firm slumps 50% on BONK memecoin treasury play

Safety Shot Inc. announced a $25 million treasury allocation into BONK tokens via preferred share issuance, triggering a 50 percent drop in its stock as investors reacted to the high-volatility memecoin strategy.

Trump crypto adviser to ‘smash buy’ $762 M of Bitcoin this week

David Bailey, former Trump campaign crypto adviser and CEO of Nakamoto Inc., plans a $762 million VWAP-based purchase of ~6 400 BTC over the coming days, a strategic step toward building a major corporate Bitcoin treasury.

🔎 Coin Research — Xeleb Protocol (XCX) — 14 August 2025

New weekly coin research for Xeleb Protocol (XCX). — Score: 7.00/10 TL;DR: Decentralized AI influencer platform enabling tokenized AI agents via Proof-of-Utility

ETH transaction count rising amid $5K push, but competition erodes market share

Ethereum daily transaction volume has climbed above 1.7 million as ETH targets $5 000, yet layer-2s like Arbitrum and Base are processing billions of transactions, diverting revenue and user traffic away from the base layer.

Google Play’s new rules won’t affect non-custodial crypto wallets

Google Play will require licensed status for custodial crypto wallet apps in over 15 jurisdictions, including the US and EU, effective October 29, but updated policy explicitly exempts non-custodial wallets from the new requirements.

Tokenized Equities Need ADR Structure to Protect Investors

Ankit Mehta argues that tokenized equity markets should adopt an ADR-style framework to ensure legal clarity, shareholder rights, and custodial safeguards. Depository receipts could bridge traditional securities and blockchain, offering a scalable, compliant model.

Institutional Frenzy Pushes Ethereum DEX Volumes Above Solana

Ethereum DEX volumes surged to $24.5 billion over 48 hours, eclipsing Solana’s $10 billion, fueled by record spot ETF inflows and institutional demand. Uniswap led with $8.6 billion traded, while staking tokens like Lido’s LDO jumped 65% on favorable SEC guidance.

Ether Price Target Raised to $7.5K by Year-End and $25K by 2028

Standard Chartered analysts lifted Ether price forecasts to $7,500 by end-2025 and $25,000 by end-2028, citing accelerating institutional demand, favorable regulation, and network upgrades. The analysts highlighted stablecoin growth and corporate treasury allocations as key drivers.

NEAR Rallies on Institutional Inflows, Surges Past Resistance Levels

NEAR Protocol climbed 5.82% to $2.91 between August 12 16:00 and August 13 15:00, driven by over $7.6 million in institutional inflows. The rally broke multiple resistance points and established support at $2.76 before short-term volatility capped gains near $2.94.

Crypto Platform Bullish Shares Debut Above $100, Doubling IPO Price

Crypto exchange Bullish opened on the NYSE at $102 per share versus a $37 IPO price, reflecting strong investor demand. The IPO expanded to 20.3 million shares amid interest from major funds like BlackRock and Ark. Since its 2021 launch, Bullish processed over $1.25 trillion in trading volume.