Cointelegraph.com
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Cointelegraph.com - 18:27 Aug 30, 2025
Permissionless financial protocols will survive government and corporate efforts to impose traditional financial controls on DeFi. Decentralized finance (DeFi) protocols will survive government and corporate efforts to impose traditional financial regulations designed to create a walled garden of permissioned digital systems, according to Will Reeves, CEO and co-founder of Bitcoin (BTC) rewards company Fold. Reeves told Cointelegraph that regulatory proposals requiring DeFi protocols to embed biometric identity checks within smart contracts, or other similar traditional financial (TradFi) regulations, will backfire, as did efforts to control the spread of information on the internet. He also warned that governments and legacy financial institutions will use TradFi incentives to drive people to permissioned custody through traditional investment vehicles like exchange-traded funds (ETFs), which have benefits over holding crypto directly, including use as collateral for loans. He added: Read more -
Cointelegraph.com - 13:30 Aug 30, 2025
Crypto transactions are vulnerable to warrant-free surveillance, making privacy-enhancing tools essential for blockchain’s future. Opinion by: Vikrant Sharma, CEO of Cake Labs When the United States Supreme Court refused to hear Harper v. Faulkender on June 30, 2025, the court essentially endorsed the Internal Revenue Service’s sweeping “John Doe” summonses for cryptocurrency records. By letting a lower court ruling stand, the court confirmed that the century-old third-party doctrine stands for public ledgers just as it does for bank statements. Under the third-party doctrine, information voluntarily shared with another party, like a bank or blockchain, is no longer protected by the Fourth Amendment. When data leaves a person’s direct control, constitutional privacy protections vanish. Read more -
Cointelegraph.com - 13:02 Aug 30, 2025
Pump.fun has spent over $62 million on buybacks, absorbing 16.5 billion PUMP tokens in a bid to reduce sell pressure. Pump.fun has spent more than $62.6 million repurchasing its native token, PUMP, according to data from Dune Analytics. The buybacks have soaked up over 16.5 billion tokens at an average cost of $0.003785, as the platform looks to stabilize price action and reduce sell pressure. The buyback strategy uses platform-generated revenue, primarily fees collected from users launching memecoins, to execute daily token repurchases. Daily buybacks have consistently ranged between $1.3 million and $2.3 million over the past week, Dune Analytics data shows. Since launch, Pump.fun has generated over $775 million in revenue, according to data from DefiLlama. Notably, the platform saw a sharp revenue drop from July 28 to Aug. 3. During that time, Pump.fun brought in only $1.72 million weekly revenue, its lowest since March 2024. Read more -
Cointelegraph.com - 12:50 Aug 30, 2025
BTC could drop to $80,000 by 2025's end if support breaks decisively, but analysts say that wouldn’t necessarily mark the start of a bear market. Key takeaways: Bitcoin is dropping below a critical multiyear trendline support, sparking bear market fears. One analyst sees the breakdown as a fakeout, however, suggesting that dips below $100,000 will serve as a buying opportunity. Read more -
Cointelegraph.com - 12:00 Aug 30, 2025
Tech billionaires Peter Thiel and Michael Saylor have different approaches to crypto, which are reflected in how they invest in the space. Tech billionaires Peter Thiel and Michael Saylor are establishing crypto company treasuries, but some financial observers note that their strategies could pose significant risk. Both Thiel and Saylor have poured substantial capital into cryptocurrencies through their respective firms and investment vehicles: Saylor, with his software firm Strategy’s frequent Bitcoin (BTC) buys, and Thiel, through venture capital investments in crypto firms, and his exchange, Bullish, which went public earlier in August. Each is not only seeking to expand his holdings but also how the cryptocurrency industry is shaped and regulated. But there are still significant differences in their respective strategies and outlooks regarding crypto, and companies that decided to form crypto treasuries could be inviting a “death spiral” when prices crash. Read more -
Cointelegraph.com - 10:16 Aug 30, 2025
A former BJP legislator and 11 police officials have been convicted for the 2018 abduction of a Surat businessman in a plot to seize over 750 Bitcoin. An Indian anti-corruption court has sentenced 14 individuals, including 11 police officials and a former Bharatiya Janata Party (BJP) Member of Legislative Assembly (MLA), to life imprisonment in a case involving the kidnapping and extortion of crypto from a Surat-based businessman in 2018. The judgment, delivered by Special Judge B.B. Jadav in Ahmedabad on Friday, found the group guilty of criminal conspiracy, kidnapping for ransom, illegal detention, and assault, according to a report by The Times of India. Among those convicted are former Amreli district superintendent of police Jagdish Patel and ex-MLA Nalin Kotadiya. All 11 police officers, including former IPS officer Patel, were also found guilty under the Prevention of Corruption Act for misconduct by public servants. Read more -
Cointelegraph.com - 07:03 Aug 30, 2025
Bitcoin and Ether ETFs saw outflows on Friday after the Fed reported rising core inflation, driven in part by Trump’s tariff policies. Spot Bitcoin and Ether ETFs recorded outflows on Friday as the Federal Reserve released key inflation data showing price pressures are creeping higher under President Donald Trump’s trade policies. According to SoSoValue data, Ether (ETH) ETFs saw a net outflow of $164.64 million, reversing five straight days of inflows that had added more than $1.5 billion to the asset class. Bitcoin (BTC) ETFs also turned negative with $126.64 million in net outflows, their first daily loss since Aug. 22. Total assets under management dropped to $28.58 billion for Ethereum and $139.95 billion for Bitcoin. Read more -
Cointelegraph.com - 04:34 Aug 30, 2025
El Salvador has transferred its 6,274 Bitcoin into 14 new wallet addresses as part of a security measure to protect against the threat of quantum attacks. El Salvador has redistributed its Bitcoin reserve holdings into 14 new wallet addresses as a precaution against potential quantum computing threats. “By splitting funds into smaller amounts, the impact of a potential quantum attack is minimized,” El Salvador’s Bitcoin Office said in an X post Friday, adding that each Bitcoin (BTC) address holds up to 500 BTC. The Bitcoin Office explained that once funds are spent from a Bitcoin address, its public keys are revealed and vulnerable — making it a target for quantum computers to crack — should the technology evolve into a significant threat in the future. Read more -
Cointelegraph.com - 00:54 Aug 30, 2025
Tether has scrapped plans to end USDT on Omni, Bitcoin Cash SLP, Kusama, EOS and Algorand, allowing it to continue in a limited capacity. Stablecoin issuer Tether has abandoned its plan to freeze USDT smart contracts on five chains, saying the tokens will remain transferable but no longer be issued or redeemed. The revised plan impacts users on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand, Tether said on Friday after receiving feedback from members of these ecosystems. “Following the feedback from the communities of these discontinued blockchains, Tether has revised this approach and will not freeze the smart contracts on these networks.” While users will still be able to transfer tokens on these blockchains, Tether is discontinuing direct issuance and redemption on these chains. “This means the tokens will no longer be officially supported as other Tether tokens.” The initial plan was to end support on Sept. 1. Read more -
Cointelegraph.com - 22:35 Aug 29, 2025
Elon Musk’s lawyer Alex Spiro is set to chair a planned $200 million Dogecoin treasury company backed by House of Doge, as memecoin treasury vehicles begin to emerge. Elon Musk’s attorney Alex Spiro is set to chair a new public company that aims to raise $200 million to invest in Dogecoin, according to a Fortune report citing six people familiar with the deal. The initiative is being pitched to investors as a Dogecoin (DOGE) treasury vehicle with the endorsement of House of Doge, the corporate entity launched in early 2025 by the Dogecoin Foundation and headquartered in Miami, Fortune reported Friday. The company seeks to raise at least $200 million as a public vehicle to hold Dogecoin on its balance sheet, giving investors stock-market exposure to the token without direct ownership. Read more -
Cointelegraph.com - 22:00 Aug 29, 2025
The official crypto token of Pudgy Penguins had a tough month, consistent with a broader decline in NFT markets and digital collectibles. Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads. The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party, a battle royale game released on Android and iOS, regardless the game recording over 50,000 downloads on the Google Play store and landing in the top 10 most downloaded games on Apple’s App Store. Pudgy Penguins is a popular non-fungible token (NFT) project in the crypto space. The project supplements its onchain digital presence with trading cards, plushy penguin-themed toys, video games and other physical merchandise. According to CoinMarketCap, the token declined by over 20% over the past 30 days. Read more -
Cointelegraph.com - 21:30 Aug 29, 2025
Bitcoin’s sell-off accelerates as macroeconomic challenges prompt stock and crypto traders to cut risk. Key takeaways: Rising US trade deficits, insider stock sales, and weak Chinese banks heightened global investor caution. Whales and miners keep selling Bitcoin, but macroeconomic weakness remains the dominant driver. Read more -
Cointelegraph.com - 21:20 Aug 29, 2025
Gryphon Digital Mining shareholders approve the merger with Trump family-linked American Bitcoin, paving the way for Nasdaq debut under ticker ABTC. Gryphon Digital Mining, a publicly traded Bitcoin miner based in Las Vegas, Nevada, has received final shareholder approval to merge with American Bitcoin, a mining company linked to US President Donald Trump’s family. Shareholders approved the stock-for-stock merger on Wednesday, with the company announcing the decision on Friday. As part of the deal, a reverse five-to-one stock split and new listing are scheduled for 5:00 pm ET on Sept. 2. Once the reverse split is complete, the combined entity will adopt the American Bitcoin name and begin trading under the ticker symbol “ABTC.” Read more -
Cointelegraph.com - 21:07 Aug 29, 2025
A dismissal with prejudice means that the plaintiffs can’t amend the complaint and refile the suit, according to the general counsel for Duoro Labs. Lead plaintiffs and an investor have voluntarily dismissed their lawsuit against Bitcoin treasury company Strategy, permanently ending the case, according to a court filing obtained by Cointelegraph. The move represents a potential win for crypto treasury companies, with Strategy standing as the industry’s largest player. According to a Thursday court filing, two lead plaintiffs, Michelle Clarity and Mehmet Cihan Unlusoy, and an investor representing other shareholders, submitted the stipulation for dismissal. “The dismissal with respect to Co-Lead Plaintiffs’ claims and Anas Hamza’s claims, but not absent class members’ claims, is with prejudice,” the court document reads. In addition, “the Action has not been certified as a class action.” Read more -
Cointelegraph.com - 20:30 Aug 29, 2025
Ether price dipped under the $4,300 support as September seasonality heightens correction risks. Key takeaways: Ether slipped under $4,300 after failing to sustain momentum above $4,700, with $338 million in liquidations adding to the sell pressure. Analysts highlight $4,300 as a pivotal support, but the history of September weakness raises the risk of a 10% drawdown. Read more -
Cointelegraph.com - 20:00 Aug 29, 2025
Japan readies its first yen-backed stablecoin, signaling a shift from regulatory caution to active participation in digital finance. Japan was the first country to establish a regulatory framework for stablecoins. Yet, until now, it has taken a seemingly passive role in the technology, with no blockchain-based representation of its national currency, the yen. That may soon change. After years of quiet infrastructure development, Japan is preparing to launch its first fully collateralized, yen-backed stablecoin later this year. Takashi Tezuka, Japan’s country manager at Web3 infrastructure provider Startale Group, told Cointelegraph that the gap between Japan and the United States on stablecoins reflects a deeper philosophical difference. Read more -
Cointelegraph.com - 19:22 Aug 29, 2025
Bitcoin dropped below $108,000 on Friday, and the rest of the crypto market followed. Will $100,000 be BTC's next stop? Key points: Bitcoin risks falling into the $105,000 to $100,000 range over the weekend. Ether has pulled back in the near term, but remains above the crucial $4,094 support. Read more -
Cointelegraph.com - 19:05 Aug 29, 2025
Eliza Labs founder Shaw Walters said that xAI demanded more licensing fees from the agentic AI platform or face possible legal action. Agentic AI project Eliza Labs has filed a lawsuit against Elon Musk’s xAI, claiming that the AI company engaged in monopolistic practices meant to “deplatform” agentic AI launchpads. The lawsuit claims that xAI attempted to “extract” valuable information, including technical documentation and usage figures related to the development of Eliza Labs’ platform, to copy its ideas before “banishing” Eliza Labs from xAI. Eliza Labs co-founder Shaw Walters argues in the lawsuit that the relationship between the two companies started off amicably, with xAI inviting Walters to share ideas. He also said that they built on xAI’s application programming interface (API) because it was free. Walters added: Read more -
Cointelegraph.com - 18:43 Aug 29, 2025
Institutional investors now have their first exposure to Hyperliquid’s native token through a Europe-listed crypto ETP. 21Shares, a Switzerland-based asset manager and issuer of crypto exchange-traded products (ETPs), has listed the Hyperliquid ETP on the SIX Swiss Exchange. The product gives investors exposure to the Hyperliquid token without the need for wallets or onchain custody. In a Friday announcement, the company described Hyperliquid as one of the major venues for decentralized derivatives, claiming it processes more than $8 billion in daily volume, with $2 trillion in trades since its 2023 launch, and roughly 80% of the total decentralized perpetuals activity. The listing, which marks the first institutional-grade product offering exposure to the Hyperliquid protocol, comes just days after Hyperliquid’s token (HYPE) hit a record high of $50.99. Read more -
Cointelegraph.com - 18:00 Aug 29, 2025
Crypto markets are seeing a “natural rotation” into Ether and altcoins with more potential upside, Nansen’s research analyst told Cointelegraph. Bitcoin whales, or large tokenholders, are selling more of the world’s first cryptocurrency to gain exposure to Ether’s price. The move signals the market’s “natural rotation” into Ether (ETH) and other altcoins with more upside potential, Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen, told Cointelegraph. The growing investor capital rotation occurred despite increasing concerns over incoming selling pressure, due to the Ethereum validator queue reaching an all-time high of nearly $5 billion worth of ETH tokens on Thursday, pushing withdrawal times to a record 18 days, 16 hours. Read more
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