Crypto

Fifty-one days in and Spencer’s attempts to engineer a turnaround for Moonbirds has already seen the floor price quadruple to 2.36 ETH. Moonbirds are back. The once maligned project that still ranks in the top 10 for all-time trade volume at 356,000 ETH has skyrocketed back up the NFT charts to 2.36 ETH, quadrupling its floor price in the past month.  But its definitely spent some time in the wilderness due to multiple ownership changes, directionless plans and waning community sentiment. The NFT project had one of the most highly anticipated mints ever in April 2022, and with prices once again soaring and momentum building, much of the renewed optimism centers around one name: Spencer. Known simply as Spencer on X, the new owner of Moonbirds is no stranger to NFTs hes a prolific collector and head of Spencer Ventures, an institutional-grade NFT fund. Read more

Ripple has acquired Rail to offer stablecoin payment services, with plans to integrate RLUSD, banking partners and compliance tools across global markets. Ripple announced Thursday that it will acquire stablecoin-powered payments platform Rail for $200 million, with the deal expected to close in the fourth quarter of 2025. The company said the move aims to expand its enterprise-grade digital asset infrastructure and “deliver the most comprehensive stablecoin payments solution available in the market.” Ripple expects the acquisition to enable it to offer stablecoin on- and off-ramps without requiring customers to hold cryptocurrency, and to facilitate customers in managing multiple payment types on behalf of themselves and their internal treasury flows. Read more

Ripple is doubling down on its ambitions in the stablecoin payments space with the acquisition of Rail, a global settlement platform known for its speed and enterprise-grade automation. The deal, valued at $200 million, was announced on Aug. 7 and is expected to close in the fourth quarter of 2025. Meanwhile, it is still subject […] The post Ripple boosts stablecoin payments clout with $200 million Rail acquisition appeared first on CryptoSlate.

The acquisition follows Ripple’s application for a banking license in July.

The token experienced a sharp rally earlier in the day, reaching a local high of $778, but a rapid sell-off followed, trimming gains made during the advance.

Ethereum, SOL, and XRP have jumped on reports that President Trump will sign an executive order to allow crypto in 401(k)s.

Victims are lured in by phishing websites offering heavily discounted products, and then urged to make purchases using the Tether stablecoin.

The latest “Clear Crypto Podcast” unpacks how blockchain helps solve critical challenges in agriculture, from supply chain transparency to land ownership and food waste. Blockchain and agriculture might seem like strange bedfellows, but as Yana Leonova explains on Episode 19 of “The Clear Crypto Podcast,” the pairing has the potential to address some of humanity’s most pressing challenges — from food waste to land disputes. “Agriculture can be a great example of how blockchain can benefit the planet, sustainability and each and every one of us,” Leonova said, and she’s not speaking hypothetically.  Her PhD in agricultural economics and her work in Dubai’s innovation ecosystem place her at the intersection of blockchain and real-world impact. Read more

ENA gains 12% in 24 hours, testing key $0.65 resistance as indicators show bullish strength and rising retail activity.

The ETF is the first to offer amplified exposure to Circle, whose stock price has skyrocketed 134% since the company’s debut in June.

Arthur Hayes says the U.S. will need to print $9T to avoid collapse, a move he claims could send Bitcoin soaring to $250K

Ether outpaces Solana and Bitcoin in capital inflows and futures dominance, with $4,000 retest in the cards. Key takeaways: Capital rotation favors Ether as “Hot Capital Ratio” hits a yearly low for Solana. ETH futures dominance grows with open interest hitting $58 billion. Read more

Will history repeat itself?

Polygon (POL) joined Sui (SUI) as a top performer, rising 6.2% from Wednesday.

The European Banking Authority completed draft rules requiring banks to assign a 1,250% risk weight to unbacked cryptocurrencies like Bitcoin and Ether. The European Banking Authority (EBA) has finalized draft rules requiring banks to hold significantly more capital against so-called “unbacked” cryptocurrencies like Bitcoin and Ether. In its final draft of regulatory technical standards released on Tuesday, the EBA said the rules aim to “address implementation aspects and will ensure harmonisation of the capital requirements on crypto-asset exposures by institutions across the EU.” The framework applies to European Union-based banks holding crypto assets on their balance sheets. Once the final draft goes to the European Commission, Brussels will have up to three months to decide whether to endorse it as is or with amendments, or send it back for redrafting. After endorsement, the bill would become a delegated regulation and be forwarded to the European Parliament and the Council, with a three-month objection ...

Bitcoin DeFi is seeing more venture capital interest as institutional investors flock to Bitcoin and its increasing yield-bearing capabilities. Bitcoin’s decentralized finance (DeFi) ecosystem is experiencing renewed venture capital (VC) interest, signaling more demand for the world’s first cryptocurrency as it gains utility as a yield-bearing asset. Bitcoin DeFi, or BTCFi, is a technological paradigm that seeks to bring decentralized finance capabilities to Bitcoin’s base layer. According to a new report from Bitcoin DeFi infrastructure provider Maestro, shared with Cointelegraph, the BTCFi ecosystem received $175 million worth of VC funding across 32 rounds in the first half of 2025, with increasingly more capital flowing into consumer apps and demand-driven products. Read more

The reserve is funded by offchain and onchain revenue, which is automatically converted into LINK via mechanism called Payment Abstraction.

A joint report due on Aug. 15 may lead to the conclusion of the nearly five-year legal dispute between the SEC and Ripple Labs. XRP, the world’s third-largest cryptocurrency by market cap, rose past $3 for the first time in over a week amid speculation that the US Securities and Exchange Commission (SEC) may drop its long-standing case against Ripple Labs. The XRP (XRP) token recovered above the $3 psychological mark on Thursday after rising more than 4.5% in 24 hours, Cointelegraph data showed. Investor confidence was buoyed by regulatory clarity and growing expectations of a dismissal of the SEC’s appeal. Read more

Total value locked (TVL) in DeFi remains below 2021 highs, the report noted.

The Rail acquisition is a way for Ripple to delve deeper into the fast-growing stablecoin ecosystem after launching its RLUSD stablecoin