Cointelegraph.com
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Cointelegraph.com - 07:11 Aug 23, 2025
A popular crypto sentiment tracker surged back into Greed on Saturday after Fed Chair Jerome Powell hinted at a possible rate cut in September. Crypto sentiment returned to greed on Saturday as the crypto market surged, following dovish comments from US Federal Reserve Chair Jerome Powell that raised speculation of a possible rate cut in September. The Crypto Fear & Greed Index, which measures overall crypto market sentiment, rose to a “Greed” score of 60 on Saturday, up 10 points from Friday’s “Neutral” reading of 50, after briefly dipping into Fear earlier in the week. The rebound came after Powell’s speech at the annual Jackson Hole economic symposium on Friday, where he said that the current conditions in inflation and the labor market “may warrant adjusting” the Fed’s monetary policy stance. Read more -
Cointelegraph.com - 06:59 Aug 23, 2025
High-leverage trader James Wynn is back in the spotlight with a 25x Ether long showing strong gains, while his parallel Dogecoin bet is struggling in the red. James Wynn, a crypto trader known for his high-leverage crypto bets, has entered a massive leveraged position on Ether (ETH), opening a 25x long as ETH pushes to fresh highs above $4,860. According to onchain data, Wynn deployed roughly $5,568 in margin to control a 29.3 Ether position valued at $139,215, with an average entry price of $4,239. At the time of writing, the position is showing unrealized gains of $14,888, representing a return of more than 267%. Wynn is also running a 10x Dogecoin (DOGE) long, valued at $206,130 for 867,335 DOGE. Entered at an average price of $0.2398, the trade is slightly underwater, showing an unrealized loss of $1,886 with DOGE currently near $0.237. Read more -
Cointelegraph.com - 04:44 Aug 23, 2025
Trish Turner has resigned as head of the IRS crypto division after only a few months in the role and is reportedly moving to the private sector. Trish Turner has stepped down as head of the US Internal Revenue Service’s (IRS) digital assets division, just three months into the role. “After more than 20 years with the IRS, I have closed an extraordinary chapter of my career with deep appreciation for those who shaped my journey and made the work so meaningful,” Turner said in a LinkedIn post on Friday. “Together, we navigated complex challenges, built lasting programs, and laid the groundwork for the IRS’s digital asset strategy as it shifted from niche to mainstream,” Turner added. Read more -
Cointelegraph.com - 01:02 Aug 23, 2025
Concerns are rising among Bitcoiners over institutions doing "institutional-like things" with Bitcoin, Preston Pysh said in a recent podcast interview. Early Bitcoin adopters aren’t likely to stop being skeptical of institutional adoption anytime soon, says Bitcoin venture fund Ego Death Capital co-founder, Preston Pysh. “Part of that culture that brought it to where it is, is looking at where this is all going and saying no, no, no, no, this is all moving in a bad direction,” Pysh told Natalie Brunell on the Coin Stories podcast on Friday. Pysh said that institutions engaging in “institutional-like things,” such as Bitcoin (BTC) derivatives, have some Bitcoiners concerned about the long-term impact and whether Bitcoin can still serve as the safe-haven asset it once was. Read more -
Cointelegraph.com - 00:15 Aug 23, 2025
Bitcoin chased its range highs after the Federal Reserve hinted at a policy pivot during the closing speech of the Jackson Hole Symposium. Key takeaways: Bitcoin surged 5% to $117,300 after Federal Reserve Chair Jerome Powell hinted at an upcoming interest rate cut, liquidating $379.88 million in shorts. Analysts say the BTC “uptrend is back,” with the potential to hit $200,000 before the end of the year. Read more -
Cointelegraph.com - 21:46 Aug 22, 2025
The proposed bill included a list of targetable offenses, including the theft of cryptocurrencies, ransomware attacks, and pig butchering scams. Arizona lawmaker David Schweikert introduced “The Scam Farms Marque and Reprisal Authorization Act of 2025” in August, which proposes neo-privateers — state-sanctioned pirates — to combat cybercriminals engaged in threats against the United States. The bill authorizes the US president to issue letters of marque to “privately armed and equipped persons” contracted by the government to “employ all means reasonably necessary” to seize property and detain or “punish” cybercriminals deemed a threat by the president. These threats include crypto theft, pig butchering scams, ransomware attacks, identity theft, accessing computers without authorization to gather sensitive personal or classified information, online password trafficking, and compromising computers with malicious code. The bill read: Read more -
Cointelegraph.com - 21:33 Aug 22, 2025
Robust onchain activity, a resilient futures market and improving investor optimism boost the chance for ETH to hit $5,000. Key takeaways: Ethereum network activity surged by 63% in 30 days, strengthening the case for an imminent breakout to $5,000. Ether futures open interest jumped to $69 billion, highlighting robust demand for leveraged exposure. Read more -
Cointelegraph.com - 21:33 Aug 22, 2025
The judge suggested that a brief stay while awaiting a ruling in a similar case in the appellate court could “reduce the burden of litigation.” An Illinois judge has granted a motion to stay proceedings in a lawsuit against cryptocurrency exchange Coinbase pending a ruling in the appellate court. In a Thursday filing in the US District Court for the Northern District of Illinois Eastern Division, Judge Sharon Johnson Coleman granted a motion filed by Coinbase to stay a lawsuit involving alleged violations of the state’s Biometric Information Privacy Act. The motion requested waiting for a ruling from the US Court of Appeals for the Seventh Circuit, which is considering a case involving Nuance Communications supplying voice identification technology to Charles Schwab — a decision that could impact the Coinbase lawsuit. Read more -
Cointelegraph.com - 21:05 Aug 22, 2025
ETH broke above its November 2021 record high, and analysts say a dovish Federal Reserve and institutional adoption will send Ether well above $5,000. Key takeaways: Ethereum has rebounded by over 250% from its April lows. Fed Chair Jerome Powell’s dovish stance is fueling the ETH price rally. Read more -
Cointelegraph.com - 20:00 Aug 22, 2025
Tariffs slam US Bitcoin miners with nine-figure bills, Polkadot courts Wall Street, SharpLink loads up on ETH and Beijing hints at a yuan-backed stablecoin pivot. The Bitcoin mining industry is squarely in the crosshairs of the US-led trade war, with publicly traded miners receiving hefty invoices from US Customs and Border Protection (CBP). Yet, in a twist, a mining venture backed by US President Donald Trump’s family secured more than 16,000 rigs from China’s Bitmain without incurring additional duties. Beyond mining headwinds, the broader blockchain sector is intensifying efforts to court Wall Street as institutional adoption accelerates across exchange-traded funds, corporate treasuries and tokenized real-world assets. Ether (ETH) treasury firms are also ramping up accumulation, while reports suggest China may be preparing to greenlight yuan-backed stablecoins. This week’s Crypto Biz newsletter explores these developments, highlighting The Miner Mag’s latest findings, Polkadot’s new capital markets divisi... -
Cointelegraph.com - 19:50 Aug 22, 2025
VanEck has filed to launch the first US ETF backed by a liquid staking token, JitoSOL, testing the SEC’s evolving stance on staking. The global asset manager VanEck has filed an S-1 registration statement with the US Securities and Exchange Commission(SEC) to launch the VanEck JitoSOL exchange-traded fund (ETF). According to the filing, this fund will hold only JitoSOL, the liquid staking token issued by Jito Network. The submission marks the first attempt to register a US exchange-traded fund backed by a liquid staking token, potentially exposing investors to Solana’s staking yields through a regulated product. JitoSOL represents Solana (SOL) locked with validators while providing a transferable token that accrues rewards, a process known as liquid staking. The product would extend VanEck’s expansion into digital asset funds, following its spot Bitcoin ETF launched in early 2024 and Ether ETF earlier that year. Unlike those vehicles, the JitoSOL ETF could test the SEC’s stance on staking. Read more -
Cointelegraph.com - 19:34 Aug 22, 2025
After a BlockFi investor withdrew an objection filed in February, a judge appeared to clear the way for the next step in a settlement of a class-action lawsuit. A New Jersey judge has given preliminary approval for a $13-million settlement between a group of investors and cryptocurrency lending company BlockFi after months of delays. In a Thursday filing in the US District Court for the District of New Jersey, Judge Claire Cecchi ordered BlockFi’s insurers to pay more than $13 million to an escrow account within 30 days as part of a class-action lawsuit filed in 2023. The order followed a February motion for preliminary approval, which was held up in part due to an objection from one investor. The judge scheduled a Dec. 11 hearing to determine final approval of the settlement plan and discuss any objections from parties to the lawsuit. About 89,000 users who held interest accounts at the company from March 2019 until its bankruptcy in November 2022 were eligible for distributions under the settlement. Read mo... -
Cointelegraph.com - 18:00 Aug 22, 2025
Crypto inclusion in 401(k) plans may be more significant for Bitcoin than the 2024 launch of US spot Bitcoin ETFs, according to Bitwise’s European head of research. Despite this week’s market downturn, some analysts predict that the inclusion of digital assets in US 401(k) retirement plans may unlock billions of dollars in new inflows by the fall, potentially driving Bitcoin to record highs. This “bullish” development may push Bitcoin (BTC) above $200,000 before the end of the year, signaling another $122 billion worth of new capital while assuming a modest 1% portfolio allocation, André Dragosch, head of European research at crypto asset manager Bitwise, told Cointelegraph. Corporate Bitcoin treasury acquisitions continue to attract new entrants, such as the Nasdaq-listed healthcare service provider and Bitcoin treasury firm KindlyMD, which made its first Bitcoin investment of $679 million on Tuesday. Read more -
Cointelegraph.com - 17:56 Aug 22, 2025
The forecast, which was published on Thursday, came amid renewed interest in stablecoins from several governments around the world. The total US dollar-pegged stablecoin market is projected to swell to $1.2 trillion by 2028, spurred on by comprehensive crypto regulations in the United States, according to crypto exchange Coinbase. Coinbase said the projections mean the US Treasury issuance would have to be $5.3 billion per week over the next three years to satisfy demand from stablecoin issuers, who use short-term US Treasury bills as backing collateral for their digital fiat tokens. This issuance schedule would cause a minor and temporary drop in three-month Treasury yields of about 4.5 basis points (BPS), contrary to analyst predictions that demand from stablecoin issuers will significantly reduce the interest on US government debt. Coinbase wrote: Read more -
Cointelegraph.com - 17:14 Aug 22, 2025
Rising spot ETF demand, extremely strong technicals and a supply shortage could push ETH price to $6,000 before the end of 2025. Key takeaways: ETH surged 13% on Friday after Federal Reserve Chair Jerome Powell’s dovish Jackson Hole speech hinted at an interest rate cut in September. Onchain and technical indicators signal Ether’s potential to hit $6,000 in the short term. Read more -
Cointelegraph.com - 16:03 Aug 22, 2025
A mining ban went into effect in the African nation in April 2024, followed by Chinese officials warning residents not to “support or engage in virtual currency mining activities.” The International Criminal Police Organization, or Interpol, announced more than a thousand arrests and the seizure of about $100 million as part of a crackdown that included cryptocurrency miners and fraudsters. In a Friday notice, Interpol said it had coordinated with authorities in Angola to dismantle 25 crypto mining centers being illegally run by 60 Chinese nationals. The organization said it had seized equipment worth more than $37 million, which the Angolan government plans to distribute to “vulnerable areas.” Read more -
Cointelegraph.com - 15:51 Aug 22, 2025
Record ETF inflows pushed Ether holdings to 6.4 million, tightening supply as the price tested $4,668 after dovish comments from the Federal Reserve Chair Jerome Powell. Key takeaways: Spot Ether ETFs posted record inflows of $7.88 billion across July and August, driving custodial holdings to 6.42 million ETH. ETH tags $4,650 following a 10% rally after Powell hints at a potential rate cut in September. Read more -
Cointelegraph.com - 14:48 Aug 22, 2025
Bitcoin recovers from a trip to six-week lows as Fed Chair Jerome Powell gives strong "dovish" clues over where interest rates will head in September. Key points: Bitcoin returns to $116,000 after gaining over 2% in minutes thanks to “dovish” comments from Fed Chair Jerome Powell. Powell’s Jackson Hole speech cemented the odds of an interest-rate cut next month. Read more -
Cointelegraph.com - 14:06 Aug 22, 2025
Coinbase is reinforcing security after North Korean hackers exploited its remote work policy, with CEO Brian Armstrong outlining stricter hiring measures. Coinbase, the world’s third-largest cryptocurrency exchange by volume, has come under a wave of threats from North Korean hackers seeking remote employment with the company. North Korean IT workers are increasingly targeting Coinbase’s remote worker policy to gain access to its sensitive systems. In response, Coinbase CEO Brian Armstrong is rethinking the crypto exchange’s internal security measures, including requiring all workers to receive in-person training in the US, while people with access to sensitive systems will be required to hold US citizenship and submit to fingerprinting. Read more -
Cointelegraph.com - 13:59 Aug 22, 2025
SharpLink Gaming, the second-largest Ether corporate treasury with $3.14 billion in ETH, approved a $1.5 billion stock repurchase program. SharpLing Gaming, one of the largest Ether corporate treasuries, authorized a $1.5 billion stock buyback program. In a Friday announcement, SharpLink Gaming said it authorized the repurchase of $1.5 billion worth of shares as part of its “disciplined capital markets strategy.” No repurchases have been made so far. The firm’s Co-CEO Joseph Chalom said the firm will consider buybacks when its stock trades at or below the net asset value of its Ether (ETH) holdings. “This program provides us with the flexibility to act quickly and decisively if those conditions present themselves,” Chalom added. Read more
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