US banks urge narrowing of stablecoin yield loophole in GENIUS Act
A coalition of U.S. banking groups led by the Bank Policy Institute has urged Congress to amend the GENIUS Act to close a loophole allowing stablecoin issuers to offer yield via affiliates and exchanges. They warned that failure to act could trigger up to $6.6 trillion in deposit outflows, destabilizing traditional lending markets and raising interest rates. The letter emphasizes that stablecoins must remain payment instruments.
XRP gains 4% as Ripple-SEC settlement spurs institutional buying
XRP rose 4% on August 13, climbing from $3.15 to $3.25 after Ripple Labs and the SEC dismissed their appeals, concluding years of litigation. Daily trading volumes increased by 208%, with mid-session rallies testing $3.30 resistance. Technical indicators show support at $3.25–$3.26 and resistance at $3.30 amid controlled profit-taking in final trading hours.
Bitcoin holds near $120K as Ether rallies towards $4.7K
Crypto markets extended gains as traders reacted to dovish Federal Reserve expectations, political developments and substantial ETF inflows into ether. Bitcoin traded just below $120,000, while ether surged nearly 30% to approach $4,700, supported by $520 million of inflows in a single day. Comments on potential 401(k) crypto exposure and rate-cut bets fueled optimism.
Stripe appoints Paradigm’s Matt Huang as CEO of new Tempo blockchain
Stripe has named Matt Huang, co-founder and managing partner of Paradigm, as chief executive of its forthcoming layer-1 blockchain, Tempo, designed for high-performance payments and Ethereum compatibility. The move aligns with a trend of stablecoin-focused networks and follows the passage of the GENIUS Act, which has bolstered institutional interest in regulated digital asset infrastructure. Launch timing and token plans remain undisclosed.
Do Kwon pleads guilty to US fraud charges in $40B crypto collapse
Do Kwon, co-founder of Terraform Labs, entered a guilty plea to two counts of conspiracy to defraud and wire fraud in Manhattan federal court relating to the 2022 collapse of TerraUSD and Luna. Under a plea agreement, prosecutors agreed to recommend no more than 12 years in prison, though he faces up to 25 years. The hearing took place before Judge Paul Engelmayer on August 12, 2025.
Crypto Memes — 2025-08-13
😂 Best crypto memes today — BTC swings, altcoin drama, and trader jokes. Laugh & share the top picks for 2025-08-13. 🚀
ETHUSD Surpasses $4,500 Resistance in Recent Rally
ETHUSD price breached the $4,500 resistance mark amid a continued short-term bullish trend. Trading remained above EMA50, and RSI entered overbought territory. Positive momentum may persist if support at the moving average holds.
Bitcoin Faces Resistance Around $120,000 Level
Bitcoin price declined after testing the $120,000 resistance zone, supported by short-term bullish trend dynamics. EMA50 maintained a support base while RSI signalled oversold conditions. Potential for renewed upward momentum exists if resistance barrier is breached.
Binance to Delist Three Spot Trading Pairs on August 15
Binance announced removal of ANIME/FDUSD, HYPER/FDUSD, and STO/BNB spot pairs effective August 15 at 03:00 UTC due to low liquidity and project inactivity. New orders and open positions for these pairs will be cancelled, while underlying tokens remain available for withdrawal or alternative trading.
Crypto Digest — 13 August 2025
📢 Read the daily digest for 2025-08-13: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!
Binance Joins T3 FCU with Tron, Tether, TRM Labs
Binance has joined the T3 Financial Crime Unit alongside Tron, Tether, and TRM Labs to combat illicit blockchain transactions. Public-private collaboration under the unit has frozen over $250 million in illegal assets since September 2024. Initiative aims to accelerate fund seizure and deter money laundering.
Do Kwon Pleads Guilty to TerraUSD Fraud
Terraform Labs founder Do Kwon entered a guilty plea for commodities fraud, securities fraud, and wire fraud connected to TerraUSD. Court documents outline false claims about stablecoin stability and a plan that resulted in a $41 billion loss for investors. Sentencing scheduled for December.
Bitcoin Miner MARA Steps Into HPC With Majority Stake in EDF Subsidiary: H.C. Wainwright
MARA agreed to acquire a 64% stake in Exaion, EDF’s HPC subsidiary, with an option to increase to 75% by 2027. The move marks a pivot from bitcoin mining to cloud infrastructure, and H.C. Wainwright maintained a buy rating with a $28 price target.
LINK Surges 10% as Chainlink Reserve, ICE Partnership Fuel Explosive Rally
LINK surged 10% to a seven-month high, extending weekly gains to 42%, driven by a new Chainlink-ICE partnership and a token buyback initiative dubbed the Chainlink Reserve. Technical indicators signal continued upside above near-term resistance around $24.
Circle Dips 6% After Hours on 10M Share Secondary Offering
Circle announced a secondary offering of 10 million shares, including 8 million from insiders, triggering a 6% drop in after-hours trading. The firm reported a $428 million Q2 loss, marking a significant shift in market sentiment following its IPO rally.
🔎 Coin Research — INFINIT (IN) — 13 August 2025
New weekly coin research for INFINIT (IN). — Score: 7.00/10 TL;DR: AI-powered DeFi intelligence platform enabling one-click execution of multi-step strategies via agent swarm across multiple chains
Kazakhstan’s Fonte Capital Introduces Central Asia’s First Spot Bitcoin ETF
Fonte Capital launched the region’s first spot Bitcoin ETF (BETF) on the Astana International Exchange, with BitGo providing custody and insurance. The physically backed fund begins trading Aug. 13, offering regulated access to bitcoin and targeting low tracking error.
Ether, Cardano, XRP Among Cryptos Taking New Leg Higher as Scott Bessent Floats 50 Basis Point Rate Cut
Altcoins rallied following U.S. Treasury Secretary Scott Bessent’s suggestion of a 50 bps rate cut, with Ether topping $4,600 and Cardano, Solana, XRP, Avalanche and Litecoin logging strong gains. Bitcoin remained near $120,000 underperforming major altcoins.
Polkadot’s DOT Advances Over 4% Amid Robust Recovery Rally
Polkadot’s native token DOT rallied over 4% to $4.12 after defending support near $3.88–$3.92 on surging volume. Technical indicators signal potential upside toward $4.15–$4.20 Fibonacci extension targets amid institutional accumulation.
Coinbase Revives Stablecoin Funding Program to Bolster DeFi Liquidity
Coinbase Asset Management relaunched its Stablecoin Bootstrap Fund to provide USDC and EURC liquidity across Aave, Morpho, Kamino and Jupiter. The initiative aims to support emerging and established DeFi protocols amid a $200 billion ecosystem under rapid growth.
Ether Pumps to Five-Year High of $4.47K on Rate-Cut Hopes and Treasury Bets
Ether surged to $4,470, its highest since December 2021, as mixed U.S. CPI data increased expectations for a September Fed rate cut. Tom Lee’s Bitmine Immersion disclosed plans to raise up to $20 billion for further ETH purchases, fueling additional upside.
President Trump Appoints Patrick Witt as Senior Crypto Adviser
Yale alumnus and former quarterback Patrick Witt is set to succeed Bo Hines as executive director of the President’s Council of Advisers on Digital Assets. The move places a non-technical insider at the helm of U.S. crypto policy amid stablecoin regulation efforts.
Monero Network Turmoil as Qubic Claims 51% Hashrate Control
Layer-1 project Qubic claims majority control of Monero’s hashrate, triggering a six-block chain reorganization. Developers argue the reorg alone does not prove a successful 51% attack, yet Monero’s price fell 8.6%.
Upbit Halts POKT Deposits and Withdrawals for Network Upgrade
Upbit suspended Pocket Network (POKT) deposits and withdrawals from August 12, 09:00 UTC to support a scheduled protocol upgrade. Users were advised to complete all POKT transactions before the halt to avoid disruptions during the upgrade process.
Binance Alpha Lists WAI Token with Exclusive Airdrop
Binance Alpha opened trading for the AI-driven World3 (WAI) token on August 12 at 08:00 UTC. Active users can claim an exclusive WAI airdrop based on Binance Alpha Points to incentivize early participation.
U.S. Spot Ether ETFs Record Over $1B in Daily Inflows
U.S.-listed spot Ether ETFs achieved a record $1 billion of net inflows on August 12. BlackRock’s ETHA led with $640 million, while Fidelity’s FETH contributed $276.9 million, lifting total ETF assets to $25.71 billion.
Metaplanet Acquires 518 BTC in $61M Treasury Purchase
Tokyo-based Metaplanet bought 518 Bitcoin at an average price of $118,519 to boost its corporate reserves to 18,113 BTC. The transaction, valued at approximately $61 million, underlines a 26.5% BTC yield for the third quarter and continued institutional accumulation.
Bitcoin $115K Put Options Surge Ahead of U.S. CPI Release
Demand for Bitcoin put options in the $115,000–$118,000 range spiked ahead of the U.S. Consumer Price Index report. Traders are positioning for potential downside if the July CPI exceeds the expected 2.8% year-on-year increase.
Crypto Memes — 2025-08-12
😂 Best crypto memes today — BTC swings, altcoin drama, and trader jokes. Laugh & share the top picks for 2025-08-12. 🚀
16 New & Upcoming Binance Listings in 2025
Cryptonews has identified 16 projects poised for Binance listings in 2025 based on factors such as liquidity, utility, security audits and community engagement. Highlighted tokens include Bitcoin Hyper, Maxi Doge, TOKEN6900 and Snorter Bot, each evaluated for launch date, tokenomics and potential market impact.
Bithumb to Scale Back Crypto Lending Services After Regulatory Pressure
South Korea’s Bithumb exchange has halved its crypto lending leverage from 4× to 2× and cut maximum caps by 80%, reducing the cap from 1 billion KRW to 200 million KRW. The service, launched in July and briefly suspended on July 29, resumed on August 8 under stricter terms. Industry sources expect official guidelines by month-end.
Terraform Co-Founder Do Kwon to Plead Guilty in UST Fiasco
Terraform Labs co-founder Do Kwon is set to change his plea to guilty on nine U.S. felony charges, including fraud and money laundering, in connection with the $40 billion collapse of the TerraUSD (UST) stablecoin. A change-of-plea hearing is scheduled for August 12, 2025, in Manhattan federal court. His decision could influence parallel prosecutions in South Korea.
Crypto Digest — 12 August 2025
📢 Read the daily digest for 2025-08-12: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!
Metaplanet Adds 518 BTC, Total Bitcoin Reserves Cross 18,000 Mark
Metaplanet acquired an additional 518 BTC at an average price of $100,561 each, bringing total corporate holdings to 18,113 BTC. The Tokyo Stock Exchange-listed firm financed the purchase through zero-interest bonds, moving-strike warrants, and preferred shares. The company aims to reach 210,000 BTC by 2027 under its “555 Million Plan.”
Trump Media Files Amendment to Bitcoin ETF Registration, Crypto.com to Offer Custody
An amendment to the S-1 registration for Truth Social’s Bitcoin ETF was filed without specifying a fee or ticker. Crypto.com will act as custodian and liquidity provider, with Yorkville America Digital as sponsor. The filing added disclosures on airdrop policies and stablecoin risks.
🔎 Coin Research — Rice AI (RICE) — 12 August 2025
New weekly coin research for Rice AI (RICE). — Score: 72.00/10 TL;DR: Rice Robotics builds a decentralized robotics data marketplace on BNB Chain, where users share real-world robotics datasets in exchange for RICE tokens, fueling
Summon.fun Main Coin Launchpad to Debut on Sui Blockchain
Summon.fun is launching this month as the primary coin launchpad on the Sui blockchain, enabling instant meme coin token creation and offering a professional Web3 studio. Expansion to Solana is planned within weeks.
MicroStrategy Adds $18M of Bitcoin on Fifth Anniversary
MicroStrategy marked its five-year bitcoin strategy anniversary by buying 155 BTC for $18 million, boosting its holdings to 628,946 BTC valued at $76 billion. The treasury approach has driven over 3,000% stock returns since 2020.
Bullish Upsizes IPO to $990M, Valuation Hits $4.8B
Bullish raised its IPO size to $990 million by offering 30 million shares at $32–$33 each, valuing the crypto exchange at $4.8 billion. BlackRock and Ark Invest committed $200 million, reflecting robust investor demand.
Bitcoin Weekend Surge Leaves CME Futures Gap
CME bitcoin futures closed Friday at $117,430 and reopened Monday at $119,000, creating a price gap. Historical patterns suggest such gaps often fill, but strong momentum near all-time highs could leave it open longer.
Calm Before the Storm as Bitcoin Volatility Wakes Up
Bitcoin’s implied volatility rose from 33 to 37 after hitting multi-year lows, signalling potential for sharp price swings. A spot-driven weekend rally from $116,000 to $122,000 suggests underlying strength while open interest trends lower.
Ether Rally Pulls Bitcoin Along
Ether gained over 7% this weekend, leading wider crypto gains and prompting bitcoin to rally from $119,000 to $122,300. Spot volumes drove the move amid record on-chain activity and a narrowing futures-to-spot volume ratio.
Calm Before the Storm Expected as Bitcoin Volatility Wakes Up
Bitcoin’s implied volatility index (DVOL) jumped from 33 to 37 after hitting multi-year lows, suggesting a return of market risk appetite. Weekend spot rally drove prices from $116,000 to $122,000. Rising volatility often precedes sharper price swings, prompting traders to prepare for potential breakout or corrective moves.
Zora Surges 50% as Perps Listings and Base Ecosystem Flows Drive Breakout
Zora token jumped nearly 50% in 24 hours, reaching a market cap of $450 million. Rally driven by large on-chain purchases, record coin creation, and new perpetual contracts introduced by major exchanges. Trading volume spiked to $284 million as Base App integration enhanced retail access.
Ether Volatility Spikes on Rally as Bitcoin Edges Back Toward Record Highs
Ether volatility (IV) rose sharply to 37 after reaching multi-year lows, reflecting increased trader expectations for larger price moves. Bitcoin also advanced, approaching record highs. Pro-crypto regulatory signals and ETF inflows underpin market strength, with further upside anticipated ahead of key macroeconomic releases.
Almost 97% of All Ether Holders Are Now in the Green. What Next?
Ether’s rally has resulted in 97% of addresses holding profits, marking the highest in-year figure. Rising profitability may increase sell-side pressure and dampen further price gains. Data shows profit-taking has already climbed to a seven-day average of $553 million per day.
Watch Out Below: Bitcoin’s Weekend Surge Leaves CME Gap
Weekend rally in bitcoin created a gap in CME futures, with Friday’s closing at $117,430 and Monday’s open at $119,000. Historical patterns suggest such gaps often fill within days but strong momentum can prevent immediate retracement. Traders will monitor whether price approaches $120,000 to test gap fill.
Crypto Memes — 2025-08-11
😂 Best crypto memes today — BTC swings, altcoin drama, and trader jokes. Laugh & share the top picks for 2025-08-11. 🚀
Asia Morning Briefing: Tokenized Assets Will Eclipse DeFi, Chronicle Founder Niklas Kunkel Says
Chronicle announced a partnership with Grove Protocol to support a $1 billion tokenized asset allocation in on-chain credit markets. Founding oracle provider Chronicle outlined how emerging tokenized real-world assets could inject trillions into DeFi and become central to future risk management frameworks.
Zora Surges 50% as Perps Listings and Base Ecosystem Flows Drive Breakout
Zora jumped nearly 50% to $0.13 as a major whale purchase triggered a wave of momentum trades amid strong on-chain minting activity. Trading volume spiked to $284 million after Binance and other venues listed ZORA perpetual contracts, deepening liquidity and compressing spreads.
Bitcoin Bulls Take Another Shot at the Fibonacci Golden Ratio Above $122K as Inflation Data Looms
Bitcoin tested the 1.618 Fibonacci extension at $122,056 amid rising U.S. inflation expectations, with BTC briefly topping $122,000. Call option open interest at $140,000 hit $3 billion as traders awaited core CPI data, while a failure to hold above the golden ratio could trigger a deeper correction.
XRP Rallies Above $3.25 After Ripple-SEC Settlement as Institutional Interest Surges
XRP jumped 11% to $3.27 following the formal dismissal of the SEC’s lawsuit against Ripple Labs, as institutional trading volumes surged 208% to $12.4 billion. The breakout cleared key resistance at $3.24, with $3.15 acting as a new support zone amid heightened derivatives activity.
Crypto Digest — 11 August 2025
📢 Read the daily digest for 2025-08-11: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!
Ether Volatility Spikes on Rally as Bitcoin Edges Back Toward Record Highs
Ether rallied over 21% in the past week, driving implied volatility sharply higher even as Bitcoin climbed 3% toward new record highs. Heavy inflows into ETH and BTC ETFs and supportive regulatory signals underpinned the gains amid a broader equity market rally.
🔎 Coin Research — INFINIT (IN) — 11 August 2025
New weekly coin research for INFINIT (IN). — Score: 7.00/10 TL;DR: A revolutionary AI-powered DeFi intelligence platform leveraging agentic architecture to simplify discovery, evaluation, and one-click execution of complex mult
Ethena Labs’ USDe hits $10 B TVL in 500 days
USDe became the fastest stablecoin to reach $10 billion in total value locked, accomplishing the milestone in just 500 days. The rise follows the GENIUS Act’s ban on stablecoin yields, driving capital toward DeFi protocols for yield generation.
Bo Hines departs White House Crypto Council
Bo Hines resigned as Executive Director of the White House Crypto Council after an eight-month tenure. His leadership advanced the Crypto Summit, the Genius Act and a market-friendly digital assets framework before he returned to the private sector.
Fundamental Global files $5 B shelf for Ethereum treasury strategy
Nasdaq-listed Fundamental Global filed a $5 billion shelf registration with the U.S. SEC to support its Ethereum accumulation plan. The initiative targets a 10 percent network stake, positioning the firm among the largest corporate ETH holders.
El Salvador law enables investment banks for Bitcoin services
El Salvador enacted an Investment Banking Law establishing a new class of institutions for high-net-worth clients to offer Bitcoin and crypto services. The framework mandates separate operation from commercial banks and sets capital and oversight requirements.
Crypto debanking persists despite Operation Chokepoint policies
Crypto firms continue to face account closures and service denials under de-risking efforts dubbed Operation Chokepoint 3.0. Despite pro-crypto rhetoric from the administration, banks including Citibank, Chase and Wells Fargo have cut ties without explanation.