Cointelegraph.com
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Cointelegraph.com - 12:48 Aug 20, 2025
Bitcoin fell below $113,000 as investors braced for Jerome Powell’s Jackson Hole speech that could set the US Fed’s path on interest rate cuts. Cryptocurrency investors were bracing for the US Federal Reserve’s annual gathering in Jackson Hole on Friday, where Chair Jerome Powell’s remarks may provide key signals on interest rate policy heading into September’s Federal Open Market Committee meeting. Bitcoin (BTC) briefly fell to $112,565 on Wednesday, a two-week low last seen on Aug. 3, Cointelegraph data showed. Bitcoin’s dip below $113,000 was a snapshot of “rising nerves in the market” as macroeconomic tensions surrounding Powell’s speech were causing “fear spikes” among digital asset traders, according to Ryan Lee, chief analyst at Bitget exchange. Read more -
Cointelegraph.com - 12:11 Aug 20, 2025
China’s cabinet will review a roadmap that includes yuan-pegged stablecoins to bolster yuan internationalization, sources told Reuters. China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese authorities may authorize yuan-backed stablecoins for the first time to promote global use of its currency, Reuters reported on Wednesday, citing sources familiar with the matter. If approved, China’s plan for stablecoin use would mark a major shift in its approach to crypto after the country banned crypto trading and mining in September 2021. Read more -
Cointelegraph.com - 11:26 Aug 20, 2025
Crypto advocacy groups accuse Wall Street bankers of trying to tilt stablecoin rules in their favor, warning Congress against changes to the GENIUS Act. Two of the crypto industry’s leading advocacy bodies are pushing back against Wall Street bankers’ latest attempt to roll back the United States’ newly minted stablecoin law. In a joint letter to the Senate Banking Committee on Tuesday, the Crypto Council for Innovation (CCI) and the Blockchain Association urged lawmakers to reject recommendations from the American Bankers Association (ABA) and state banking groups. As reported, several US banking groups, led by the Bank Policy Institute (BPI), have urged Congress to tighten the GENIUS Act by closing what they call a loophole that could allow stablecoin issuers and their affiliates to pay yields indirectly. Read more -
Cointelegraph.com - 09:45 Aug 20, 2025
A US judge ruled EminiFX and its founder, Eddy Alexandre, must repay $228 million after running a Ponzi scheme that defrauded thousands of investors. A federal judge in New York ordered Eddy Alexandre, founder of the collapsed crypto platform EminiFX, to pay more than $228 million in restitution after ruling the company was a Ponzi scheme that defrauded tens of thousands of investors. The US Commodity Futures Trading Commission (CFTC) secured a summary judgment against Alexandre and EminiFX, with US District Judge Valerie Caproni holding them jointly liable for more than $228 million in restitution and an additional $15 million in disgorgement, according to a Tuesday court filing. “Defendants Alexandre and EminiFX are jointly and severally liable to pay restitution in the total amount of $228,576,962,” the court ruled. “Defendant Alexandre is liable to pay disgorgement in the amount of $15,049,500.” Read more -
Cointelegraph.com - 09:35 Aug 20, 2025
Pump.fun regained its market dominance in the Solana memecoin launchpad space, gaining over 73% in market share in the last seven days. Solana-based memecoin launchpad Pump.fun recorded one of its strongest revenue weeks of 2025 in mid-August as the sector recovered from a dip earlier this month. Decentralized finance (DeFi) data tracker DefiLlama showed that Pump.fun generated $13.48 million between Aug. 11 and Sunday, the platform’s strongest weekly revenue performance since February. The increase came after a sharp revenue drop from July 28 to Aug. 3. During that time, Pump.fun brought in only $1.72 million in weekly revenue, its lowest since March 2024. This contributed to the platform’s revenue drop in July, its lowest monthly revenue this year. Read more -
Cointelegraph.com - 09:25 Aug 20, 2025
Spot Bitcoin ETF outflows jumped over 300% to $533 million on Tuesday, while Ether ETFs doubled their losses to $422 million, adding to a three-day streak of withdrawals. Cryptocurrency investment products expanded their losses on Tuesday, with Bitcoin fund outflows surging more than 300% and Ether losses doubling, both ranking as the second-largest outflows this month. Spot Bitcoin (BTC) exchange-traded funds (ETFs) saw $523 million in outflows on Tuesday, rising more than fourfold from Monday, according to Farside Investors data. Ether (ETH) ETFs also recorded major losses, with outflows doubling from $200 million on Monday to $422 million. Read more -
Cointelegraph.com - 08:54 Aug 20, 2025
After making nearly $7 million in four months, the trader lost almost all their gains in two days, illustrating the unpredictability of the crypto markets. A cryptocurrency trader who recently increased their account from $125,000 to more than $43 million was almost liquidated on Wednesday for $6.2 million after Ether briefly fell near the $4,000 level. The liquidation took place on the decentralized exchange Hyperliquid as Ether (ETH) dipped close to $4,000 amid a broader market correction, highlighting the volatility that can catch even seasoned traders off guard. It came two days after the trader had turned an initial investment of $125,000 into more than $43 million at its peak, before locking in nearly $7 million worth of profit on Monday, Cointelegraph reported. Read more -
Cointelegraph.com - 07:31 Aug 20, 2025
ARK Invest snapped up $21 million worth of Bullish and $16 million of Robinhood shares, extending its buying streak despite a sector-wide sell-off. Cathie Wood’s ARK Invest doubled down on crypto-linked equities, scooping up shares of Bullish and Robinhood amid a broad sector sell-off. According to Tuesday’s trade notifications, ARK Invest’s flagship ARK Innovation ETF (ARKK) purchased 356,346 shares of Bullish, valued at about $21.2 million, and 150,908 shares of Robinhood Markets, worth $16.2 million. Last week, ARK Invest went big on Bullish, acquiring 2.53 million shares, worth $172 million, across three ETFs after the crypto exchange’s debut on the New York Stock Exchange. Read more -
Cointelegraph.com - 01:51 Aug 20, 2025
Federal Reserve vice chair for supervision, Michelle Bowman, says the central bank should roll back its restrictions that ban staff from buying crypto. The Federal Reserve’s top regulatory official says staff from the US central bank should be allowed to invest a small amount in crypto to help them understand the technology. Fed vice chair for supervision Michelle Bowman said at a blockchain event in Wyoming on Tuesday that the regulator should consider allowing its staff “to hold de minimus amounts of crypto or other types of digital assets so they can achieve a working understanding of the underlying functionality.” “We will soon be establishing a framework for supervising issuers of these assets,” she added. Read more -
Cointelegraph.com - 01:18 Aug 20, 2025
Bitcoin’s drop below $113,000 reflects investors’ worries about the US economy, stock markets and crypto, but the volatility does not end BTC’s long-term bullish trend. Key takeaways: Bitcoin’s options market signals extreme fear, but historical patterns show potential for significant rebounds. Global economic pressures from US trade tariffs negatively affected traders’ sentiment. Read more -
Cointelegraph.com - 00:34 Aug 20, 2025
SoFi Technologies will leverage the Bitcoin network under a partnership with Lightspark to better compete in the $740 billion global remittance market. Digital bank SoFi Technologies is set to become the first US bank to leverage the Bitcoin network and Universal Money Address — allowing Americans, Mexicans, and others to send money through the Lightning Network. SoFi partnered with Bitcoin (BTC) payments infrastructure Lightspark to launch its blockchain-powered international money transfer service, which will go live later this year, starting in Mexico, SoFi said in an announcement on Tuesday. “For many SoFi members who regularly send money to loved ones internationally, the ability to quickly transfer money at low cost isn’t just a convenience, it’s a meaningful improvement to their everyday financial lives,” SoFi CEO Anthony Noto said on X. Read more -
Cointelegraph.com - 22:06 Aug 19, 2025
The latest wave of crypto treasuries shows protocols exploring creative strategies to sustain token growth. The race to build crypto treasuries is accelerating. Alongside high-profile ventures raising billions, blockchain native protocols themselves are exploring new ways to lock value into their ecosystems, and in some cases, even reimagine what a treasury can do. On Aug. 7, the Chainlink network announced its own reserve, designed to accumulate the protocol's native token Chainlink (LINK) collected from both onchain service fees and offchain enterprise revenue, creating a direct link between Chainlink’s business activity and long-term token demand. Since then, the protocol has made two deposits to its newly launched onchain treasury. Onchain data from Etherscan shows total holdings at 109,661.68 LINK at this writing, valued at about $2.6 million. Read more -
Cointelegraph.com - 21:23 Aug 19, 2025
The American Innovation Project’s board includes executives from the Solana Policy Institute, Blockchain Association, Paradigm, Digital Currency Group and Coinbase. A group of crypto industry figures has launched a nonprofit lobbying arm to engage US policymakers and the public on digital asset issues. A nonprofit organization headed by significant figures in the cryptocurrency and blockchain industry has launched with the goal of educating policymakers and encouraging public advocacy. On Tuesday, the American Innovation Project (AIP), a 501(c)(3) organization based in Washington, DC, debuted planning to “connect policymakers, industry leaders, and experts to build understanding of emerging technologies,” including AI and blockchain. Read more -
Cointelegraph.com - 20:30 Aug 19, 2025
Paul Atkins spoke at Wyoming Blockchain Symposium on the SEC's Project Crypto, its relationship with the Trump administration, and its plans on handling digital asset regulations. US Securities and Exchange Commission (SEC) Chair Paul Atkins suggested only a small fraction of crypto tokens should be considered securities, as part of the agency’s changing approach to what constitutes a security under its purview. Speaking from the Wyoming Blockchain Symposium in Jackson Hole on Tuesday, Atkins discussed how the SEC’s “Project Crypto” initiative to establish rules on digital assets could affect how the agency addresses companies moving forward. He signaled that the SEC would chart its own path, as members of Congress consider bills to establish market structure. “We can not go about looking at [tokens] themselves as necessarily being a security,” said Atkins, adding: Read more -
Cointelegraph.com - 20:20 Aug 19, 2025
Bitcoin and altcoins continue to sell off, but Solana’s fundamentals and accelerating institutional traction hint at a price recovery to $200. Key takeaways: Solana’s DeFi dominance and growing fees sustain network demand, boosting investors’ long-term confidence. Institutional investors’ interest in SOL futures, ETP exposure and staking yield add to SOL’s resilience. Read more -
Cointelegraph.com - 20:08 Aug 19, 2025
The portfolio includes names registered just after Bitcoin's launch and spans wallets, exchanges and payments. A portfolio of over 280 Bitcoin-related domain names, some registered just after the cryptocurrency’s launch in 2010, is on the auction block. According to Lloyds Auctions, many domains in the lot were registered as early as 2010 and are now being offered as a single lot to bidders. The collection spans core Bitcoin sectors including payments, custody, exchanges, education and infrastructure. Examples include BitcoinBlockchain.com, BitcoinWallets.com, BitcoinExchanges.com, BitcoinRemittances.com and BitcoinBooks.com. Read more -
Cointelegraph.com - 19:00 Aug 19, 2025
Whether the Fed yields to political pressure or stands firm, inflation looks inevitable. The only variable is speed and what it means for Bitcoin. Key takeaways: US President Donald Trump’s push for aggressive interest rate cuts could trigger a surge in inflation, weaken the dollar and destabilize long-term bond markets. Even without rate cuts, trade policy and fiscal expansion are likely to push prices higher. Read more -
Cointelegraph.com - 18:56 Aug 19, 2025
The RWA tokenization market has grown 64.7% in 2025 as asset managers are taken by promises of transparency and better investor accessibility. Anthony Scaramucci’s SkyBridge Capital, a global investment company known for alternative investments, is bringing assets worth $300 million to tokenize on the Avalanche blockchain — a move that would boost Avalanche's tokenized assets by nearly 160%. According to a report from Fortune, SkyBridge Capital will tokenize two funds: one exclusively composed of cryptocurrencies like Bitcoin (BTC) and a “fund of funds” that includes both venture and crypto assets. SkyBridge is partnering with Tokeny, a company specializing in tokenizing institutional holdings. At the Wyoming Blockchain Symposium on Tuesday, Scaramucci said the key question around tokenization is whether it can outperform current systems by enabling faster, cheaper and more secure transactions. Read more -
Cointelegraph.com - 18:15 Aug 19, 2025
The CLARITY Act awaits Senate consideration in September, with Senator Tim Scott saying he expects 12 to 18 Democrats to back the market structure bill. While the US Congress remains in recess until September, one of the senators leading the charge behind legislation to establish a digital asset market structure said he expects bipartisan support. Speaking from the Wyoming Blockchain Symposium in Jackson Hole on Tuesday, Senate Banking Committee Chair Tim Scott said he expected at least some Democrats to join with Republicans to move forward on the Digital Asset Market Clarity (CLARITY) Act following the passage of the Guiding and Empowering Nation’s Innovation for US Stablecoins (GENIUS) Act. The South Carolina senator said that he had already been making efforts to reach out to Democrats outside of the banking committee to “provide cover” to vote for the bill. Read more -
Cointelegraph.com - 17:56 Aug 19, 2025
Some large traders are raising the stakes and putting money on ETH price avoiding a trip below $4,000 and rebounding toward $4,300 soon. Key takeaways: ETH price has a short liquidation cluster “magnet” at $4,300–$4,360. Ether price technicals support the case for a rally toward $4,750–$8,000. Read more
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