Crypto News

- Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. As East Asia begins its trading day, BTC is trading at $116,263, down 1.1% on the day and 2% lower on the week, while ETH sits at $4,322, off 3.8% in the last 24 hours but still up 2.6% weekly. The CoinDesk 20 (CD20), an index tracking the largest crypto assets, is down 2.4%. Polymarket odds suggest traders are bracing for weakness through the end of August. The most likely outcome for BTC is now a close below $111,000 with a 34% probability, while ETH’s highest-weighted scenario is a finish near $4,800 at 43%. Enflux, a Singapore-based market maker, said the market is being pulled in two directions...

- Circle Internet Group (CRCL) has acquired a high-performance consensus engine called Malachite, which has been built by Informal Systems, to power its upcoming Layer-1 blockchain, Arc, which will focus on stablecoin finance. The company aims to provide a testnet with the network later this year. Although the maneuver was strategic, Circle's shares fell sharply on Monday. The stock closed down 5.23% at $141.46, a $7.80 decline from the prior close of $149.26. Selling continued through a day-long decline in the stock, with trading volume of 7.47 million shares - below the average trading volume of 28.1 million shares. In after-hours trading, CRCL showed a small rebound, trading up 0.29% at $141.87 as investors assessed the long-term...

- When it comes to stablecoins, Mauricio Di Bartolomeo sees a turning point. The Ledn co-founder, who runs the largest Bitcoin lending platform in the market, points to the newly signed GENIUS Act as the inflection moment. “The GENIUS Act formally establishes the ground rules for fully-reserved, USD-pegged stablecoins,” Di Bartolomeo told TheStreet Roundtable. “It sets up a regulatory framework for issuers to abide by and comply with, intended to ensure the integrity of the issuing company and the product itself.” That clarity will draw in banks and heavyweight financial institutions. But for Di Bartolomeo, it also validates the model Ledn has been building since day one: transparent, fully-backed lending designed for clients who...

On a July 29 episode of The Ramsey Show, personal finance guru Dave Ramsey revealed an unusual story. A wealthy friend of his deliberately put $10,000 into cryptocurrency for one reason only: to get a rise out of him. Ramsey explained that his friend—worth “a bazillion dollars”—didn’t need the money and made the investment purely to poke fun at his long-standing anti-crypto stance. But Ramsey was quick to stress he would have called him an idiot even if he had only talked about investing in crypto. Why Ramsey rejects Bitcoin as an investment Ramsey has consistently categorized Bitcoin and other digital currencies as speculation, not investment. To him, buying crypto is no different than gambling on red at a Las Vegas roulette table...

- A cryptocurrency trader who turned his investment of $125,000 into $43 million is now left with a smaller amount. Four months ago, the trader deposited $125,000 to Hyperliquid, a prominent decentralized exchange, and began to take long positions in Ethereum via two accounts, as per the on-chain analytics platform Lookonchain. The trader kept putting every dollar gained into his ETH long positions and eventually built a massive 66,749 ETH position worth $303 million. At one point, his total account equity peaked at over $43 million, which meant he generated a 344 times return. However, the recent market downturn lowered the profits, and the trader closed his ETH positions on Aug. 18. The trader secured a net profit of $6.86...

- SEC invites early-stage crypto projects to meet in Texas Hester Peirce, the pro-crypto Commissioner at the Securities and Exchange Commission (SEC), has invited crypto firms for a meeting in September. On Aug. 18, Peirce posted on X that the SEC is inviting small, early-stage crypto projects for a meeting in Fort Worth, Texas, on September 4. Those interested have been asked to email a brief description of their projects ahead of the meeting. The SEC has done a complete 180° turnaround on cryptocurrency following President Donald Trump returning to the White House for the second time. Peirce, however, has remained a pro-crypto voice within the SEC for years now, earning the moniker "Crypto Mom." When the regulator went after...

- XRP Ledger Gets Shocking Low Score in New Ranking Kaiko, one of the leading crypto analytics firms, has ranked XRP Ledger as the least secure blockchain among 15 leading networks. On Aug. 13, Kaiko released the Blockchain Ecosystem Ranking report for the second quarter of 2025, in which it ranked networks in five categories: governance, integration, liquidity, operational efficiency, and security. While Ethereum at the top secured 83 out of 100 in security, XRP Ledger scored only 41. Kaiko put XRP Ledger at the last spot in the governance ranking also, in which it secured 65. Ethereum again remained at the top, scoring 85. XRP Ledger didn't feature among the top contenders in integration, liquidity, and operational efficiency...

- Mike Cagney's Figure Technology Reveals Revenue Surge in US IPO Filing Figure Technology Solutions' revenue surged 22% in the first half of 2025, the blockchain lender disclosed on Monday in its U.S. initial public offering paperwork, marking its entry into the new listings market. The company, co-founded in 2018 by technology entrepreneur Mike Cagney and his wife June Ou, is a blockchain-native capital marketplace that connects origination, funding, and secondary market activity. The New York-based company, along with some of its existing stockholders, plans to sell shares in the offering. With the IPO market set for a seasonal slowdown at the end of August, corporate issuers are preparing for potential roadshows after Labor...

- Decentralized finance is no longer the adrenaline-fueled spectacle it was during the frenzy of DeFi Summer, and that is exactly why Terence, Head of Growth at Dinero, believes the sector is entering its most important phase yet. Crypto needs relationships, not innovation The change marks a shift from rapid-fire innovation to consolidation and institutional trust-building. Terence noted that investors can now buy Bitcoin on mainstream exchanges, integrate it into retirement accounts, and access on-chain versions of almost every traditional financial product. Even 401(k) plans can hold Bitcoin today, underscoring how far digital assets have moved into the mainstream. But this is not just about the big players getting bigger...

- Why Ethereum Is Sinking Today Key Points Ethereum (CRYPTO: ETH) is heading lower in Monday's trading. The cryptocurrency's token price had fallen 2.2% over the past 24 hours of trading as of 3 p.m. ET. Bitcoin's token price had fallen 0.8% over the same stretch. The cryptocurrency market hit its highest-ever valuation level last week, and Ethereum reached its highest token price in four years. Investors are selling to take profits following the recent rally and looking at some potential risk factors that could disrupt bullish momentum. Ethereum pulls back from recent highs Ethereum and other cryptocurrencies surged last week after President Trump signed an executive order that allows for crypto tokens and other nontraditional...

- Popular automaker rolls out crypto payments for customers Volkswagen Group Singapore (VGS) has teamed up with FOMO Pay, a major payment company, to let people pay for their cars and services via digital currency. This is the first time an automotive distributor in the city-state has done this. VGS said it is committed to offering payment options that are ready for the future and flexible, so customers can now use Bitcoin, Ethereum, and stablecoins like USDT and USDC, as per their press release. VGS, the authorized distributor for Volkswagen, Skoda, and CUPRA, announced on August 14 that the move was in response to rising consumer adoption of digital assets in Singapore, where approximately 26% own cryptocurrencies. According to...

- Why Dogecoin Is Sinking Today Key Points The cryptocurrency Dogecoin (CRYPTO: DOGE) is moving lower today, down 4.1% since yesterday at 4:00 p.m. ET. The drop comes as the S&P 500 and Nasdaq Composite both fell slightly. The latest inflation data is making investors nervous that the Federal Reserve won't cut rates in September -- rate cuts are typically helpful for riskier assets like crypto -- leading to a rush of selling. Bitcoin retreats as investors wait for news from the Fed After setting a new all-time high late last week, Bitcoin and the rest of the crypto market have retreated. The release of the latest wholesale inflation data is making investors nervous that the Federal Reserve will choose not to cut rates, which many...

- Another Crypto Exchange Files for IPO Gemini Trust, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss, has filed for a U.S. initial public offering (IPO), positioning itself to become the third publicly traded digital-asset exchange after Coinbase and Bullish. The filing, published in August, revealed that Gemini’s revenue fell in the first half of 2025 while its net losses widened, underscoring both the challenges and opportunities of going public in a still-volatile industry. According to the filing, Gemini reported a net loss of $282.5 million on revenue of $68.6 million for the six months ending June 30. That compared to a $41.4 million loss on $74.3 million in revenue a year earlier. The exchange...

- Crypto Analyst Drops 'Buy' Signal as Controversial AI Project Goes After Dogecoin Popular crypto analyst Ali Martinez just dropped a Dogecoin price analysis chart, and the signal flashed "buy." Martinez, known as @ali_charts on X, shared the analysis on X as per which TD Sequential flashed the "buy" signal on Dogecoin. TD Sequential is a momentum-based indicator used by traders to spot trend exhaustion and potential reversals in price action. In the chart above, the black candles stand for bearish moves and the white candles for bullish ones. A series of black candles suggests a price decline. After 9 black candles, the chart suggested a potential reversal in the price trajectory when DOGE was trading at $0.22264. The analyst...

Popular crypto analyst warns Bitcoin will collapse in 7 years As Bitcoin is struggling to regain traction, down nearly 4% in the last 30 days, an analyst has ignited a fierce debate saying Bitcoin may collapse within the next 7 to 11 years. Justin Bons, founder of Cyber Capital, stated on X that Bitcoin's security model is ultimately unsustainable. On Aug. 17, Bons said that Bitcoin's mining rewards will decrease from halvings, diminishing miners, and decreasing security budgets. Bons had earlier predicted the same, saying, "BTC's security model is broken; doomed to collapse within a decade!" He warned that, without sufficient incentives, the network faces censorship or a 51% attack. He suggested that ultimately, developers will...

- Bitcoin, Ethereum and other major cryptocurrencies slipped on Monday morning as global markets turned cautious ahead of Federal Reserve chair Jerome Powell’s keynote at the Jackson Hole Economic Symposium later this week. Bitcoin fell more than 2% in 24 hours to trade just above $115,500. Ethereum dropped over 4% to $4,340, while XRP slid 4% to around $3.00. Solana, Dogecoin and Cardano also posted steeper losses, with SOL down 5% and ADA tumbling nearly 6%. The global crypto market cap shrank to $3.99 trillion, shedding nearly 3% overnight. Powell’s final Jackson Hole appearance The selloff mirrors broader risk aversion across financial markets as traders brace for Powell’s final Jackson Hole appearance before stepping down as...

- Dogecoin Is Sinking Today -- Is the Cryptocurrency a Buy Right Now? Key Points Dogecoin (CRYPTO: DOGE) is experiencing another round of selling pressure, dropping 7.8% over the past 24 hours of trading as of noon ET. In the same timeframe, Bitcoin and Ethereum also faced declines of 1.8% and 4.8%, respectively. Alongside the broader crypto market, Dogecoin's downturn can be attributed to investor concerns regarding valuation after recent gains and speculation about the Federal Reserve's interest-rate policies. Currently, Dogecoin is down roughly 3% over the last trading week. Is Dogecoin a Buy Right Now? Even amid recent pullbacks, the broader crypto market has seen strong bullish momentum this summer, benefiting from...

- CARMEL, Calif. — Among the sea of European and other foreign-made cars (some costing millions of dollars), Nissan’s (NSANY) Infiniti brand decided Monterey Car Week was the time to unveil its latest creation, the QX65 midsize crossover SUV. It’s part of a product renaissance at the Japanese automaker, which has been plagued in recent times by older models that haven’t riled up premium and luxury buyers, who have no dearth of options. Infiniti’s US head, Tiago Castro, said the QX65’s upcoming launch is buoyed by the relative sales success of two of its newest products, the QX80 and QX60 SUVs. Sales Momentum “So we're in the middle of a product renaissance that really started with the QX80 last year,” Castro said from this year’s...

- WazirX has secured another decisive green light from its users. More than 95% of participating creditors have backed an Amended Scheme of Arrangement in a second round of voting, signaling strong confidence in the exchange’s proposed restructuring. According to Zettai Pte Ltd., which oversees the process, 95.7% of creditors by count and 94.6% by value of claims voted in favor of the plan, surpassing both statutory thresholds and even the strong outcome from the previous round. The voting window ran between July 30 and August 6, with eligibility tied to users holding positive crypto balances on July 18, 2024. In total, 149,559 Scheme Creditors took part, representing more than $206.8 million in approved claims. Of those, 143,190...

- Bitcoin, ethereum slip as crypto markets pull back after hitting 2025 highs Crypto Market Pullback Bitcoin (BTC-USD) extended declines on Monday following last week's record highs as investors took profits from the latest crypto rally. The world's largest cryptocurrency sank 2%, hovering just above $115,000 in early trading after surging past $123,500 last Thursday. Expectations of Fed rate cuts, coupled with heavy purchases from corporate treasuries, have driven the price of bitcoin up 23% year to date. Ether (ETH-USD), the second-largest crypto by market cap, also declined 3% to hover near $4,350 per token following a surge last week to its highest level of the year and approaching its record high just below $4,900. Samer Hasn...