Crypto News

- The Office of the Comptroller of Currency (OCC) announced Thursday that it has terminated its cease and desist consent order against Anchorage Digital. The regulator first issued a consent order to Anchorage, a federally chartered digital asset bank, in 2022 due to its “failure to adopt and implement a compliance program” that satisfactorily covered the Bank Secrecy Act and anti-money laundering (AML) requirements. “The OCC believes that the safety and soundness of the bank and its compliance with laws and regulations does not require the continued existence of the order,” the termination order reads. Anchorage Digital received conditional approval from the OCC in 2021, allowing it to offer crypto custody services to its customers...

- US's third-largest pension fund makes big investment move The California State Teachers' Retirement System (CalSTRS), which is the third-largest public pension fund in the U.S., has indirectly invested $133 million in Bitcoin through its investment in MicroStrategy (MSTR). This is one of the biggest pension fund investments in digital assets, and it shows that some traditional institutions are becoming more open to investing in crypto. CalSTRS received its exposure by buying 25,346 shares of MicroStrategy, or $34.9 million as per its portfolio. MicroStrategy, now known as Strategy Inc., owns more than 629,000 BTC valued at over $71 billion, and consequently, owning MicroStrategy stock is economically equivalent to being a levered...

XRP Ledger team fires back at shocking low ranking On Aug. 13, Kaiko, one of the leading crypto analytics firms, released the Blockchain Ecosystem Ranking report for the second quarter of 2025 and ranked XRP Ledger as the least secure blockchain among 15 leading networks. While Ethereum at the top secured 83 out of 100 in security, XRP Ledger scored only 41. XRPL received the last spot in the governance ranking also, in which it scored 65. Ethereum again remained at the top, scoring 85. Overall, it secured 57 out of 100 and stood at the 13th position among 15 blockchain networks. Now, developers of the XRPL have hit back at the Kaiko ranking. RippleX engineering head Ayo Akinyele told Decrypt that XRP Ledger's low score is...

- What a difference a week has made for XRP. Just last week, it looked like the stars were aligning for members of the XRP Army. The Ripple-linked token had just come off an all-time high price of $3.65—a record that had stood for eight long years—and the bullish vibes were back. Now? Not so much. On Myriad, a prediction market, users last week placed the odds of XRP hitting $4 at 66%. Fast forward to today, and those odds have collapsed to a coin flip: 51% for the “moon” scenario of $4, and 49% for the “doom” outcome of $2. Those odds are slightly better than they were yesterday when bears had decisively flipped the mood and priced the $2 scenario at 61%. Either way, it’s a fairly stunning reversal in sentiment. Let’s take a look...

- A crypto investor lost 783 Bitcoin—valued at $91 million at the time of the attack—after falling victim to a social engineering scam, according to the pseudonymous blockchain sleuth ZachXBT. The investigator said that the victim was approached by individuals impersonating customer support representatives for a hardware wallet manufacturer and a cryptocurrency exchange, though the impersonated companies were not identified. As of this writing, 783 Bitcoin is worth about $88 million, with the price of BTC falling in recent days. The threat actor made several deposits to Wasabi Wallet, a privacy-focused Bitcoin “mixer” that suspended its services for U.S. users last year, as “the stolen funds began to peel off” across multiple digital...

- Trump-Backed World Liberty Gets Coinbase Approval With USD1 Stablecoin Listing The USD1 stablecoin from World Liberty Financial—a crypto project backed by President Donald Trump and his sons—is now available for trading on Coinbase, the exchange announced on Thursday. America's biggest crypto exchange announced the listing in a Thursday post on X. Eric Trump, the president's son and World Liberty co-founder, then reposted it and said that more news related to the crypto project was coming "very soon." Coinbase told Decrypt that it listed the coin because it "strives to bring to market the products and services our customers want." American users can now access three stablecoins on Coinbase: USDC, Tether's USDT, and USD1. In...

- Singaporean bank DBS will tokenize structured notes using Ethereum, the company announced Thursday. The bank said it had partnered with digital platforms ADDX, DigiFT, and HydraX to distribute the product. Structured notes blend debt securities and derivatives contracts to provide investors with exposure to a range of assets, including stocks and commodities. They are linked to an underlying asset and pay the investor a regular return. With DBS's latest product, the underlying asset will be cryptocurrencies. "The note structure provides investors with a cash payout when cryptocurrency prices rise, enabling them to build exposure to the asset class without having to manage any cryptocurrency," the bank said. "The note is also...

- Analyst warns more pain ahead for Strategy’s stock Strategy Inc. is once again facing criticism regarding its Bitcoin-laden balance sheet and financing method. Monness, Crespi, Hardt analyst Gus Galá believes that shares of Strategy Inc. (previously MicroStrategy) may have further declines in store. Galá reiterated a Sell recommendation and a price target of $175, claiming the stock often trades at a premium due to its Bitcoin index, and may certainly decline if Bitcoin declines. He also warned that as credit markets turn against the company's debt to fund its ongoing buying run, it could further compress the premium at which the stock regularly trades compared to its actual Bitcoin value. Galá pointed out that Strategy's market...

- Not Warren Buffett, this is the real king of 'Bitcoin is dead' club It's not everyday that one comes across gems like this, but while scrolling the internet recently, a website called "Bitcoin Is Dead" appeared. No, the website isn't waging a crusade against Bitcoin. On the contrary, it keeps track of all the prominent public personalities, experts, and traditional media who once or often wrote the obituaries for the world's largest cryptocurrency, the market cap of which now rivals that of the world's largest companies like Alphabet and Amazon. From the Nobel Prize-winning economist Eric Maskin to The Washington Post's assistant op-ed editor Drew Goins, the website keeps track of nearly every public figure announcing the death...

- Bitcoin, Ethereum Sink as Fed’s Hammack Makes Case for Holding Interest Rates Steady The price of Bitcoin and other cryptocurrencies fell on Thursday as the president of the Cleveland Federal Reserve, Beth Hammack, said she wouldn’t support cutting interest rates if forced to make a decision tomorrow. “With the data I have right now and with the information I have, if the meeting was tomorrow, I would not see a case for reducing interest rates,” she told Yahoo Finance at the central bank’s annual gathering in Jackson Hole, Wyoming. Bitcoin changed hands around $112,300 on Thursday, a 1.6% dip over the past day, according to crypto data provider CoinGecko. BTC fell as low as $112,238 at one point, its lowest mark since early July...

- Devs behind ‘truly decentralised’ protocols won’t face DoJ prosecution, official says Weeks after Tornado Cash co-founder Roman Storm was convicted on a money transmission charge, a Department of Justice official said the agency would reject similar charges going forward. “Where the evidence shows that software is truly decentralised and solely automates peer to peer transactions, and where a third-party does not have custody and control over user assets, new [money transmission] charges against a third party will not be approved,” Matthew Galeotti, acting assistant attorney general of the department’s Justice Criminal Division, said Thursday. “If criminal intent is present, other charges may be appropriate.” Galeotti was...

- Why the $470 Million XRP Whale Unwind Is Not Cause for Panic: Analyst XRP whale selling has been picking up, amounting to roughly $470 million in the past 10 days, according to an analyst earlier this week. But there’s no reason to panic because trading volume has been sustained, another analyst noted. “Historically, such heavy selling can pressure short-term prices, but it’s also worth noting that volumes have not collapsed,” Unity Wallet CEO James Toledo remarked. “Overall sentiment appears to be very bullish, which is why I am surprised at the large offload,” he added. Toledo said he’s currently seeing neutral funding rates and retail wallets have been stacking XRP, which suggests a redistribution. At the time of writing, XRP...

- Key Points Bitcoin is once again hitting historic highs in a year that has been particularly eventful for cryptocurrency, and it's far from the only cryptocurrency rocketing up in recent months. XRP (CRYPTO: XRP) has surged roughly 50% in the last two months as investors have piled into the world's third-largest crypto by market cap. For all the excitement as the coin hovers right below $3, it's easy to forget the days when it was worth much, much less. So how much has it risen in the last five years? On Aug. 18, 2020, XRP was trading around $0.30. It's risen a whopping 970% since then. If you had invested $500 five years ago, it would be worth $5,350 today. Should you buy XRP now? XRP was created to fix many issues that legacy...

- Useless Coin Surges Only to Tumble After Coinbase Listing A Solana-based meme coin, Useless Coin (USELESS) is one of the hottest meme coins. Recently, it recorded a price surge before tumbling as the Coinbase (Nasdaq: COIN) crypto exchange listed it. For the beginners, a meme coin is a type of cryptocurrency that’s created as a joke or based on an internet meme. It often gains popularity through social media or celebrity endorsements, rather than traditional fundamentals like utility or innovation. USELESS, as its name suggests, doesn't pretend to be useful at all. Even as Binance called it an "unapologetically pointless memecoin," it seems there are a few takers for it. On Aug. 13, Binance.US, the U.S. arm of the world's largest...

- US DOJ to Back Off Money Transmitter Cases in Shift Backed by Crypto The U.S. Justice Department does not plan to target software developers that create decentralized platforms for transmitting cryptocurrencies without criminal intent. Acting Assistant Attorney General Matthew Galeotti said the department will move away from bringing charges over failure to register as a money transmitter business. "Our view is that merely writing code, without ill-intent, is not a crime," Galeotti said. Money transmitters, such as Western Union and payment apps like Venmo, need to be licensed and follow certain rules for vetting customers and reporting suspicious activity to prevent money laundering. Such rules have become a flashpoint for the...

- Jack Dorsey’s Block is disrupting ASIC miner design Block (NYSE: XYZ, formerly Square), a U.S.–based financial technology company founded in 2009 by Jack Dorsey and Jim McKelvey, has made Bitcoin a core part of its strategy. Most recently, Block’s bitcoin miner manufacturing division, Proto, released its flagship ASIC miner, Rig, at a launch in Dalton, Georgia last week. “It’s been a long time coming. When people asked what we were up to, this was it,” Block’s Perry Hothi said on a recent Mining Pod. Perry Hothi is a blockchain solutions architect at Block and a lead contributor to the Proto project. At Proto, he has focused on designing modular mining rigs and open-source software to improve fleet management, upgrade costs, and...

- The SEC Just Announced Delays for an XRP ETF And Spot XRP Funds Key Points It was a big deal when the U.S. Securities and Exchange Commission (SEC) finally approved the first spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) in January 2024. Crypto investors also saw a sea change when the SEC gave the nod to Ethereum (CRYPTO: ETH) ETFs six months later. These days, several fund manager firms are seeking approval for spot-priced XRP (CRYPTO: XRP) funds -- and the SEC is dragging its feet again. This week, regulators took one look at the waiting XRP ETF filings that were due for a decision and moved their deadlines to October instead. A quick history of spot-ETF decisions in the crypto space This calendar dance is nothing...

- What's Driving the Ethereum Staking Boom? Liquid staking protocols have recently reached a remarkable milestone, boasting a record-breaking $86 billion in total value locked (TVL). This marks an impressive 48% increase since the start of 2025. Such growth reflects the expanding interest and investment in Ethereum's staking capabilities. This article has been published in CoinDesk via Yahoo News. https://finance.yahoo.com/video/whats-driving-ethereum-staking-boom-163752529.html

- 'WTF Is Going On?' Fake Kanye West Coins Crash After Real YZY Token Launches Meme coins created to play on purported associations with Ye, formerly known as Kanye West, have crashed after the rapper launched his own official Solana coin. Ye has been flirting with crypto for months, with his interest spawning two notable meme coin communities that adamantly believed they were part of a masterful performance art piece—or an alternate reality game. But holders of Yeezy Coin and Swasticoin found their hopes dashed after the launch of Ye’s YZY Money. As rumors intensified that Ye was about to release his official meme coin, both tokens pumped hard. With Ye's move apparently confirming that neither previous token was part of his plan...

- The upcoming Thanksgiving could bring surprising news to the crypto community if Sen. Cynthia Lummis (R-WY) is to be believed. The digital asset market structure bill will land on President Donald Trump's desk before the end of 2025, Lummis said. “I hope it’s before Thanksgiving.” She was speaking at the Wyoming Blockchain Symposium in Jackson Hole on Aug. 20 when she made the revelation. The Republican camp is attempting to have the bill passed through the Senate Banking Committee by the end of September and considered in the Senate Agriculture Committee in October, Lummis said. These committees will discuss how the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) regulate crypto assets...