Cointelegraph.com
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Cointelegraph.com - 21:37 Aug 16, 2025
The current capital reserve requirements and rules make holding cryptocurrencies too costly for banks, limiting the sector's growth. Capital requirements for banks from by the Basel Committee on Banking Supervision (BCBS), which crafts banking standards, create a “chokepoint,” designed to throttle the growth of the crypto industry, according to Chris Perkins, president of investment firm CoinFund. The current capital rules lower a bank’s return on equity (ROE), a critical profitability metric in banking, by forcing higher reserve requirements for holding crypto, making crypto-related activities too expensive for banks, Perkins told Cointelegraph. “It's a different type of chokepoint, in that it's not direct. It's a very nuanced way of suppressing activity by making it so expensive for the bank to do activities that they’re just like, ‘I can't,’” he added. If I have a certain amount of capital I want to invest, I'm going to invest it in high ROE businesses, not low ROE businesses,” he continued. Read more -
Cointelegraph.com - 18:11 Aug 16, 2025
The crypto industry is set to experience massive growth in the United Arab Emirates (UAE) due to its pro-tech and business regulations. The crypto sector in the United Arab Emirates (UAE) is on track to become its second-largest industry in the next five years, due to the country’s regulatory policies and attractive business environment, according to Chase Ergen, a board member of publicly traded digital asset investment firm DeFi Technologies. “They have a reputation for leadership, legislation, and community,” Ergen told Cointelegraph in an interview. He also predicted: The country has a clear crypto regulatory framework, a community of key crypto industry executives, a debt-free economy that allows the government to funnel surplus into tech investments, low crime, attractive tax policies, and forward-thinking leadership, Ergen added. Read more -
Cointelegraph.com - 13:30 Aug 16, 2025
Without localized risk detection and public–private cooperation, illicit capital will continue to flow unchecked, and trust in the system will collapse. Opinion by: Slava Demchuk, co-founder and CEO of AMLBot Asia’s cryptoverse has lost more than 1.5 billion in the first half of 2025 — more than during 2024, including Bybit and pig butchering scams in Southeast Asia. Most engines are built around typologies of Western money laundering. They miss custom laundering channels tailored to each region, which are popping up across Asia. Blockchain analytics firms must build customized regional risk libraries and collaborate with local law enforcement to combat the level and caliber of cryptocurrency-enabled crime in Asia. Failure to address this means criminal funds will still be able to lurk in plain sight and subvert the very integrity of global compliance systems. Read more -
Cointelegraph.com - 13:06 Aug 16, 2025
S&P Dow Jones Indices is exploring partnerships with major exchanges, custodians and DeFi protocols to launch tokenized versions of its benchmarks. S&P Dow Jones Indices (S&P DJI) is in discussions with major exchanges, custodians and DeFi protocols to license and list tokenized versions of its benchmarks, according to Stephanie Rowton, the firm’s director of US equities. Rowton told Cointelegraph that the index provider is taking a “strategic approach” to ensure tokenized S&P products are launched only on platforms that meet high standards for transparency, security and regulatory compliance. “By establishing these types of relationships, we hope we can work together to participate in a robust infrastructure that supports the trading and accessibility of tokenized versions of our indexes, ultimately enhancing the investor experience,” she said. Read more -
Cointelegraph.com - 10:15 Aug 16, 2025
BitMine and an unknown whale have acquired nearly $882 million in Ether through major OTC desks and exchange withdrawals in a show of growing institutional demand. Institutional appetite for Ether shows no sign of slowing, with blockchain data revealing nearly $882 million in ETH purchases by two entities as of late. Public Bitcoin mining firm BitMine Immersion Technology led the charge, scooping up 106,485 Ether (ETH) worth roughly $470.5 million over the past 10 hours. The miner’s latest haul brings its total holdings to 1,297,093 ETH, valued at about $5.75 billion, according to transactions tracked by Lookonchain. The transactions reveal that BitMine acquired much of the ETH through large over-the-counter (OTC) deals and direct transfers from well-known institutional intermediaries, including Galaxy Digital, FalconX and BitGo. Read more -
Cointelegraph.com - 07:49 Aug 16, 2025
Gemini, the Winklevoss-founded crypto exchange and custodian, has filed to list on Nasdaq under ticker GEMI, revealing steepening losses ahead of its IPO. Gemini Space Station, the crypto exchange and custodian founded by Cameron and Tyler Winklevoss, has filed with the US Securities and Exchange Commission to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI. Founded in 2014, Gemini operates a regulated crypto exchange, custody service, and a range of blockchain-based products, including the US dollar-backed Gemini Dollar (GUSD) stablecoin and a crypto-rewards credit card, the platform said in the filing submitted on Friday. According to its filing, the IPO will mark the first time its shares are publicly traded, with pricing expected between an undisclosed range. The offering will be led by a syndicate of major banks, including Goldman Sachs, Morgan Stanley, Citigroup and others. Read more -
Cointelegraph.com - 07:25 Aug 16, 2025
The outflow day for spot Ether ETFs comes just after Ether narrowly missed reclaiming its 2021 all-time high. Spot Ether exchange-traded funds (ETFs) closed the week with outflows after a nearly two-week streak of significant inflows. On Friday, US-spot Ether (ETH) ETFs saw $59.3 million in outflows, bringing an end to their eight-day inflow streak that added approximately $3.7 billion to the products, according to Farside data. It comes as Ether fell just 1.94% short of reclaiming its 2021 all-time high of $4,878 on Thursday, before retracing down to $4,448 at the time of publication, according to CoinMarketCap. Read more -
Cointelegraph.com - 05:29 Aug 16, 2025
Crypto traders’ “lack of interest” in dip buying Ether compared to Bitcoin could be the catalyst that sees Ether's price go higher, says Santiment. Ether holds a slight edge over Bitcoin in the short-term as social media chatter around the cryptocurrency is less overheated, says sentiment platform Santiment. “The $ETH crowd hasn’t shown nearly as much bullishness despite significantly better performance over the past 3 months,” Santiment said in an X post on Friday amid the ETH/BTC ratio, which measures Ether’s (ETH) relative strength against Bitcoin (BTC) being up 32.90% over the past 30 days, according to TradingView. “The current outlook shows a slightly more bullish path for Ethereum due to the lack of interest in dip buying compared to Bitcoin,” Santiment said. Read more -
Cointelegraph.com - 02:57 Aug 16, 2025
It was the highest-ever weekly trading volume for Bitcoin and Ether ETFs, largely due to Ether ETFs "stepping up big," says an ETF analyst. US-based spot Bitcoin and Ether exchange-traded funds (ETFs) just logged their strongest week of combined trading volume yet, according to an ETF analyst. “Biggest week ever for them, thanks to Ether ETFs stepping up big,” ETF analyst Eric Balchunas said in an X post on Friday. “Ether ETFs’ weekly volume was about $17b, blowing away record, man did it wake up in July,” Balchunas said. Read more -
Cointelegraph.com - 23:55 Aug 15, 2025
The Ether unstaking queue has a 15-day wait as investors aim to withdraw a record $3.8 billion in ETH. Key takeaways: Ether queued for unstaking hits a record $3.8 billion, led by Lido, EthFi, and Coinbase. Strategic reserves and ETF holdings have jumped by 140% since May 1. Read more -
Cointelegraph.com - 22:02 Aug 15, 2025
The Ronin team said that a more performant blockchain and Ethereum’s Wall Street appeal drove the decision to return to the ecosystem. Ronin, a purpose-built blockchain for gaming, said it will migrate back to the Ethereum ecosystem as a layer-2 network, making Ronin a general-purpose chain for applications beyond gaming. The blockchain originally spun off from the Ethereum mainnet in 2021 in search of better network speeds and cheaper transaction fees for Axie Infinity, a non-fungible token (NFT) blockchain video game. The Ronin team wrote: The team set a Q2 2026 target for the full migration from being a standalone layer-1 blockchain to an Ethereum layer-2 network. Read more -
Cointelegraph.com - 21:48 Aug 15, 2025
The latest legal battle between Digital Currency Group and Genesis centered on a promissory note issued amid the collapse of Three Arrows Capital in 2022. Update (Aug. 15 at 11:40 pm UTC): This article has been updated to include a statement from Genesis’ counsel. Venture capital firm Digital Currency Group (DCG), the parent company of many entities tied to cryptocurrency and blockchain, has filed a complaint against two of its subsidiaries over a promissory note to guard against the 2022 default of Three Arrows Capital (3AC). In a Thursday filing in the US Bankruptcy Court for the Southern District of New York, DCG alleged that Genesis Global Capital and Genesis Asia Pacific, both under the venture capital firm, owed their parent company overpayments based on recoveries from 3AC. Read more -
Cointelegraph.com - 21:34 Aug 15, 2025
American Bitcoin is reportedly exploring acquisitions in Japan and Hong Kong to expand its Bitcoin stockpile. American Bitcoin, a cryptocurrency mining company linked to the Trump family, is reportedly looking to acquire at least one publicly listed company in Asia to further its Bitcoin (BTC) purchases. According to a Financial Times report, American Bitcoin wants to buy a company in Japan and potentially another in Hong Kong. It aims to follow the blueprint of Strategy, which to date has accumulated 628,946 BTC worth $73.8 billion at this writing. American Bitcoin’s “ambition is to build the strongest and most efficient Bitcoin accumulation platform in the world,” the company told the Financial Times on Friday. “While we are evaluating possibilities in certain regions, we have not made any binding commitments.” Cointelegraph contacted American Bitcoin but had not received a response at time of publication. Read more -
Cointelegraph.com - 20:50 Aug 15, 2025
Wellgistics is bringing Ripple’s XRP Ledger to 6,500 US pharmacies, one of the first large-scale blockchain payment systems in healthcare. Thousands of US pharmacies can now settle prescription drug payments in cryptocurrency through a new blockchain-based system running on Ripple’s XRP Ledger. The system was developed by Wellgistics Health, a prescription drug distributor and digital prescription routing provider for more than 6,500 pharmacies, in partnership with pharmaceutical software firm RxERP. According to the companies, the system enables pharmacies to pay for products and move funds, while recording all payments on the XRP Ledger and offering an alternative to traditional bank transfers for wholesale drug purchases. Read more -
Cointelegraph.com - 20:00 Aug 15, 2025
Bullish’s blockbuster IPO headlines a week of big crypto moves — from Pantera’s $300 million treasury bet to BitMine’s $24.5 billion Ether grab. The 2024–2025 crypto bull market will be remembered for many things: the runaway success of Bitcoin exchange-traded funds, the surge in institutional adoption, and a wave of industry IPOs. Digital asset exchange operator Bullish is the latest crypto-native company to join the IPO rush, aiming to replicate the public market success of stablecoin issuer Circle and Bitcoin-friendly design platform Figma, which recently went public. Bullish’s case stands out: The company has raised its IPO price multiple times, signaling strong investor demand. Its Securities and Exchange Commission (SEC) filing revealed early interest from subsidiaries of BlackRock and ARK Investment Management. Read more -
Cointelegraph.com - 19:56 Aug 15, 2025
The cryptocurrency, allegedly linked to ransomware proceeds, is expected to be added to the US crypto reserve. The US Justice Department has authorized the seizure of more than $2.8 million in cryptocurrency along with cash and other assets as part of a criminal case against an alleged ransomware operator. In a Thursday notice, the Justice Department said it had unsealed six warrants authorizing the seizure of $2.8 million in crypto from a wallet controlled by Ianis Aleksandrovich Antropenko, as well as $70,000 in cash and a luxury vehicle. He has been charged with conspiring to commit computer fraud and abuse, computer fraud and abuse, and conspiracy to commit money laundering. Read more -
Cointelegraph.com - 19:32 Aug 15, 2025
Bitcoin falls below $117,000 again, raising worries about the upcoming “ghost month.” Are traders bracing for more losses or buying the dips? Key takeaways: Bitcoin marks its steepest pullback in a month, with the ghost month trend hinting at further downside to $105,000. Onchain data shows a rise in US and Korean spot demand, pointing to a short-term recovery. Read more -
Cointelegraph.com - 19:00 Aug 15, 2025
Atkins said the Securities and Exchange Commission would work to broaden access to investments typically reserved for accredited investors. US Securities and Exchange Commission Chair Paul Atkins signaled that the regulatory agency will work with US President Donald Trump’s administration to allow retail investors equal opportunities to invest in private equity. Atkins cited the recent Trump executive order to allow crypto and alternative assets in 401K retirement accounts — tax-sheltered retirement plans funded by individuals and their employers — as the catalyst for the effort. He told Fox Business on Saturday: However, Atkins urged caution and putting the “proper guardrails” around alternative investments. “We can't just fling the gates open and have investors rush in where one has to be careful,” he said. Read more -
Cointelegraph.com - 18:46 Aug 15, 2025
A new type of buyer who “never sells” is scooping up Bitcoin from long-time holders — a bullish catalyst for BTC, says Bitcoin OG Udi Wertheimer in an exclusive Cointelegraph interview. In an exclusive interview with Cointelegraph, crypto commentator Udi Wertheimer lays out a provocative thesis: Over the last five years, institutions have been quietly buying out old Bitcoin (BTC) holders — and it’s reshaping the market in a way few have appreciated. “For the last five years, they’ve been buying out old holders of Bitcoin,” Udi explains. “Both kind of old Bitcoin maxis, but also… people who always had some portion of Bitcoin and have been selling it over time to get into ETH (ETH) or Solana (SOL) or whatever.” Those new buyers aren’t flippers, they’re “forced buyers.” Udi points to Michael Saylor’s Strategy as the prime example: “If Saylor stops buying Bitcoin for a sustained period of time, his company loses all of its value… he has to keep coming up with more new, original ways to raise capital to buy Bitcoi... -
Cointelegraph.com - 18:20 Aug 15, 2025
SharpLink now holds $3.5 billion worth of ETH, maintaining its rank as the token's second-largest corporate holder, according to its Q2 filing. SharpLink Gaming, an online gaming company with the second-largest corporate Ether treasury, announced a net loss of $103 million for the second quarter of 2025, driven by a paper loss from accounting for liquid staked Ether (LsETH). The loss marks a steep drop from a $500,000 loss in the same period of 2024 — a year-over-year change of -25,980%. According to a Friday announcement, SharpLink now holds 728,804 Ether (ETH) worth approximately $3.5 billion at this writing. The only publicly traded company with more ETH is BitMine Immersion Technologies, which holds a little more than 1.15 million ETH worth approximately $5.1 billion. Of SharpLink’s Q2 loss, $87.8 million — or 85% — is related to the company’s LsETH. A SharpLink representative told Cointelegraph that the company still has all its LsETH and that the impairment “reflects accounting rules, not a sale or loss...
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