Cointelegraph.com
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Cointelegraph.com - 11:38 Aug 18, 2025
Low demand-side volume and weakening price technicals could spell trouble for the XRP price, as bulls must reclaim $3 support or face a deeper correction. Key takeaways XRP price must reclaim $3 support to avoid a deeper correction to $2.24. Spot taker CVD remains negative, suggesting waning demand. Read more -
Cointelegraph.com - 11:38 Aug 18, 2025
The FSC will introduce a bill that’s expected to provide guidelines on issuance, collateral management and internal control systems for stablecoins. South Korea is reportedly preparing to introduce a regulatory framework for a won-backed stablecoin, with its financial regulator set to introduce a government bill in October. On Monday, South Korean news portal MoneyToday reported that the Financial Services Commission (FSC) will unveil the bill as part of a second phase of the nation’s Virtual Asset User Protection Act. Democratic Party of Korea (DPK) Representative Park Min-kyu said during a policy debate that he received a briefing from the FSC on the policy direction on stablecoins. “The government bill is expected to be submitted to the National Assembly around October,” Park said. Read more -
Cointelegraph.com - 10:33 Aug 18, 2025
Amdax is launching a Bitcoin treasury company, aiming for a Euronext listing as more European companies join the growing corporate Bitcoin adoption wave. Dutch cryptocurrency service provider Amdax is preparing to launch a Bitcoin treasury company on Amsterdam’s Euronext stock exchange, as more European companies follow US counterparts in adopting Bitcoin strategies. Amdax said Monday it is creating AMBTS B.V., a privately held company with independent governance that will operate as a stand-alone firm. AMBTS aims to become a “1% Bitcoin treasury company,” with the goal of eventually accumulating 1% of all Bitcoin (BTC) in circulation. The company said it plans to raise capital in stages through the markets to expand its Bitcoin holdings, grow equity value and increase Bitcoin-per-share metrics for investors. Accumulating 1% of Bitcoin’s total supply would require more than $24 billion at current prices, with Bitcoin trading above $115,800 this week. Read more -
Cointelegraph.com - 10:30 Aug 18, 2025
Multiple technical indicators and recent whale activity raise Bitcoin's odds of declining below $100,00 in coming weeks. Key takeaways: Bitcoin risks a deeper correction toward $88K–$94K after breaking below a rising wedge. A 2021-like double top pattern is increasing BTC’s odds of declining below $100,000. Read more -
Cointelegraph.com - 09:55 Aug 18, 2025
A Hong Kong SFC official warned that the new local stablecoin framework has fueled fraud risks, and urged investors to remain cautious amid hype-driven speculation. A Hong Kong Securities and Futures Commission (SFC) official warned that the introduction of the new local stablecoin regulatory framework has increased the risk of fraud. According to an Aug. 18 report by Chinese financial news outlet Zhitongcaijing, Ye Zhiheng, executive director of the intermediaries division at the SFC, said that fraud risks have increased with the recent introduction of stablecoin regulations. He urged investors to exercise caution and avoid making irrational investment decisions driven by market hype or price momentum. Ye’s remarks followed stablecoin companies operating in Hong Kong posting double-digit losses on Aug. 1, just after the new stablecoin regulation came into force. Analysts at the time described the sell-off as a healthy correction, as the requirements for stablecoin issuers proved to be more stringent than exp... -
Cointelegraph.com - 09:51 Aug 18, 2025
Bitcoin no longer has promising odds of a breakout in coming days as opinions differ on what caused the BTC price dip and what will happen next. Bitcoin (BTC) started a new week with a fresh sell-off, and traders are split over where it will head next. BTC price action has dipped $10,000 since its latest all-time high just days ago, leading to comparisons with the 2021 top. Order-book manipulation may be to blame, analysis argued; a large entity may be “buying the dip.” Read more -
Cointelegraph.com - 08:55 Aug 18, 2025
The NFT market cap dropped 12% to $8.1 billion as Ether fell, with CryptoPunks and Bored Apes sliding while Pudgy Penguins climbed into second place. The non-fungible token (NFT) market lost more than $1.2 billion in value in less than a week as Ether’s rally slowed, according to sector data. On Monday, NFT Price Floor data showed that the total valuation of NFT collections had dropped to $8.1 billion, a 12% decline from Wednesday’s NFT market cap of $9.3 billion, which had surged 40% since July. NFTs losing $1.2 billion in valuation in less than a week coincided with a 9% drop in Ether (ETH) prices. At the time of writing, Cointelegraph data showed ETH traded at $4,260, down from a high of about $4,700 on Wednesday. Read more -
Cointelegraph.com - 08:50 Aug 18, 2025
Ether continued dominating ETP inflows last week despite Bitcoin printing new highs above $124,000 and ETH only nearing all-time highs. Cryptocurrency investment products saw another week of strong inflows last week, largely driven by Ether exchange-traded products (ETPs). Global crypto ETPs posted $3.75 billion of inflows during the trading week ending Friday, European crypto asset manager CoinShares reported on Monday. The inflows came amid strong bullish momentum for Ether (ETH), with prices nearing all-time high levels above $4,700 on Thursday, according to CoinGecko data. Read more -
Cointelegraph.com - 01:49 Aug 18, 2025
Charles O. Parks III, who admitted to misusing $3.5 million worth of resources from two cloud computing providers to mine crypto, was sentenced to one year and one day in prison. A crypto influencer has been sentenced to just over a year in prison for what US prosecutors called a large-scale cryptojacking operation that defrauded two major cloud computing providers. The Department of Justice (DOJ) said on Friday that a Brooklyn federal court sentenced Charles O. Parks III, who also went by “CP3O,” to one year and one day in prison for the scheme that defrauded the computing providers of more than $3.5 million in resources. Parks used fake corporate identities such as “MultiMillionaire LLC” and “CP3O LLC” to trick two unnamed cloud providers into granting him elevated computing privileges, which he exploited to mine nearly $1 million worth of Ether (ETH), Litecoin (LTC), and Monero (XMR) between January and August 2021, prosecutors said. Read more -
Cointelegraph.com - 22:46 Aug 17, 2025
Central bank stimulus in China and global investors’ response to recession fears will determine if altseason continues. Key takeaways: China’s central bank stimulus could redirect liquidity into cryptocurrencies. Rising US Treasury yields suggest lower risk aversion, supporting potential recovery in altcoin markets. Read more -
Cointelegraph.com - 21:48 Aug 17, 2025
The community for Qubic, an AI-focused blockchain project, voted to target the Dogecoin network over Zcash and Kaspa by a wide margin. The community for Qubic, the AI-focused blockchain project that executed a 51% attack on Monero this week and gained majority control of the network’s computing power, has voted to target Dogecoin (DOGE) next. Sergey Ivancheglo, the founder of the Qubic network, asked the Qubic community which application-specific integrated circuit (ASIC)-enabled, proof-of-work blockchain the group should target with its next 51% attack, including DOGE, Kaspa (KAS), and Zcash (ZEC). “The Qubic community has chosen Dogecoin,” Ivancheglo, who goes by the online handle Come-from-Beyond, wrote in a Sunday X post announcing the results of the vote. Read more -
Cointelegraph.com - 19:36 Aug 17, 2025
Saylor signaled an impending Bitcoin purchase by Strategy, as BTC's price hovers around the $117,000 level, down from the all-time high. Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase by the company, as the price of Bitcoin hovered below the all-time high of over $124,000 reached on Thursday. The company’s most recent Bitcoin acquisition occurred on Monday, when Strategy purchased 155 BTC for $18 million, bringing its total holdings to 628,946 BTC, valued at over $74.2 billion. Data from SaylorTracker shows the company is up over 60% on its BTC investment, representing over $28 billion in unrealized gains. Read more -
Cointelegraph.com - 17:14 Aug 17, 2025
Bitcoin is almost overdue for another "price discovery correction" after six weeks of gains — will BTC price action copy history? Key points: Bitcoin has enjoyed six weeks of its latest “price discovery uptrend” — but a correction is now due. Analysis shows that in previous halving cycles, BTC price tends to halt its second uptrend after five to seven weeks. Read more -
Cointelegraph.com - 17:05 Aug 17, 2025
The proposal included geographically distributed multi-signature cold-storage for secure self-custody, proof of reserves, and a budget cap. The United States government can purchase more Bitcoin (BTC) for the US strategic reserve through funneling portions of the tariff receipt surplus into BTC acquisitions, according to Adam Livingston, author of “The Bitcoin Age and The Great Harvest.” Livingston proposed taking a portion of the surpluses generated by trade tariffs every month and funneling that into secure, cold storage BTC that is not traded, staked, sold, rehypothecated, used to fund programs or secure loans, or lent out for yield. He said: That Surplus is unallocated. It's not pre-spent. It's not tied to Medicare, entitlements, or debt service. It's just floating, waiting, looking for a productive use case, ” Livingston continued. Read more -
Cointelegraph.com - 13:58 Aug 17, 2025
XRP price could drop by over 20% in the coming weeks due to multiple onchain indicators hinting at a local top formation. Key takeaways: XRP’s rally to $3 has pushed 94% of supply into profit, a level that historically marked macro tops. XRP is in the “belief–denial” zone, onchain metrics show, echoing peaks in 2017 and 2021. Read more -
Cointelegraph.com - 13:32 Aug 17, 2025
Japan’s FSA is set to approve JPYC as the country’s first yen-pegged stablecoin, a move that could reshape demand for Japanese government bonds. Japan’s Financial Services Agency (FSA) is preparing to approve the issuance of yen-denominated stablecoins as early as this fall, marking the first time the country will allow a domestic fiat-pegged digital currency. Tokyo-based fintech firm JPYC will register as a money transfer business within the month and will lead the rollout, Japanese news outlet The Nihon Keizai Shimbun reported on Sunday. JPYC is designed to maintain a fixed value of 1 JPY = 1 yen, backed by highly liquid assets such as bank deposits and Japanese government bonds. After purchase applications from individuals or corporations, the tokens are issued via bank transfer to digital wallets. Read more -
Cointelegraph.com - 13:30 Aug 17, 2025
While crypto chases AI token hype, smart money invests in compute infrastructure. Like the gold rush, those who own the rails — not the miners — get rich. Opinion by: Kony, co-founder and CEO of GAIB During the gold rush, it wasn’t the fortune-seekers getting rich. While it was assumed that you could take your picks and shovels and become wealthy overnight, it was grueling work with no guaranteed returns. Those who benefited were the infrastructure providers. The landowners, the pick and shovel sellers and the transportation suppliers saw a real return on investment, while the rest searched day and night for gold they never found. This still rings true today. Those who invest in “boom” infrastructure gain more than those chasing the hype. In Q1 of this year, AI tokens dominated crypto narratives, holding 37.5% of global investor interest in Q1. Degens started jumping in, hoping that the next one would 10x and launch them into early retirement. Read more -
Cointelegraph.com - 11:11 Aug 17, 2025
Centrifuge joins BlackRock’s BUIDL and Ondo Finance in the $1 billion RWA club as demand grows for tokenized products. Blockchain infrastructure platform Centrifuge has crossed $1 billion in total value locked (TVL), joining the ranks of BlackRock’s BUIDL fund and Ondo Finance as the only real-world asset (RWA) platforms to surpass the milestone. Centrifuge CEO Bhaji Illuminati attributed the milestone to institutions moving from pilots to “real deployments,” alongside strong onchain allocator demand. “Markets need more than T-bills,” Illuminati told Cointelegraph, pointing to JAAA, an onchain version of Janus Henderson’s AAA-rated collateralized loan obligation (CLO) investment fund, as a natural next step for institutions seeking higher yields than risk-free rates. Read more -
Cointelegraph.com - 07:43 Aug 17, 2025
The Treasury is considering embedding digital identity checks into DeFi smart contracts as part of its GENIUS Act consultation on crypto compliance tools. The US Department of the Treasury is seeking public feedback on how digital identity tools and other emerging technologies could be used to fight illicit finance in crypto markets, with one option being embedding identity checks into decentralized finance (DeFi) smart contracts. The consultation, published this week, stems from the newly enacted Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), signed into law in July. The Act, which sets out a regulatory framework for payment stablecoin issuers, directs the Treasury to explore new compliance technologies, including application programming interfaces (APIs), artificial intelligence, digital identity verification and blockchain monitoring. Read more -
Cointelegraph.com - 06:07 Aug 17, 2025
Canary Capital CEO Steven McClurg’s bear market warning comes as other industry executives don’t expect a sharper downturn for Bitcoin anytime soon. Bitcoin may have no more than 27% upside left in this cycle before entering a downtrend, according to Canary Capital CEO Steven McClurg. “I think there is a greater than 50% chance Bitcoin goes to the 140 to 150 range this year before we see another bear market next year,” McClurg said during a CNBC interview on Friday. At the time of publication, Bitcoin (BTC) is trading at $117,867, meaning a move into that range would represent gains of 19% to 27%, according to CoinMarketCap. McClurg warned of a broader economic bear market ahead, saying he isn’t confident in the macroeconomic outlook. Read more
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