The move comes amid rapid accumulation by Ethereum treasury companies and increasing ETF inflows in recent weeks.
Coinbase’s Layer 2 network, Base, has announced it will start collecting coined content as part of its push to support creators in a new digital economy. In an Aug. 7 post on X, the Ethereum layer-2 said it will hold these tokens indefinitely, with no plans to trade or sell them. It also stressed that […]
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Bitcoin’s energy-based “fair value” sits at $167K, 45% above its current price, as record hash rate data shows BTC trading at a deep 31% discount.
Standard Chartered’s Hong Kong arm and Animoca Brands have launched a joint venture, Anchorpoint Financial, to develop a licensed Hong Kong dollar stablecoin.
Swiss digital asset bank Sygnum, managing $1 billion in assets, has launched a full range of services for the $SUI cryptocurrency tailored to institutional clients. The offering includes secure custody, trading, staking, and lending, giving professional investors access to multiple ways of engaging with the SUI ecosystem. This move aims to meet growing demand from …
Binance has teamed up with Spain’s BBVA to provide off-exchange asset storage solutions for customers. This partnership offers a safer way to hold digital assets outside trading platforms, reducing risks associated with exchanges. By combining Binance’s crypto expertise with BBVA’s strong banking presence, the partnership aims to deliver secure, compliant, and transparent custody services. Customers …
China's move to curb stablecoin promotion highlights its cautious approach to crypto, aiming to prevent speculative bubbles and maintain control.
The post China urges brokers and think tanks to halt stablecoin promotion amid fraud concerns appeared first on Crypto Briefing.
Ripple Labs’ long-running legal fight with the US Securities and Exchange Commission (SEC) is officially over after both sides agreed to drop their appeals in the case. Related Reading: Bitcoin Insult Alert: Pro Trader Dubs HODLers ‘Idiots,’ Saylor Fires Back According to reports, a joint filing on August 7 confirmed the decision to the 2nd Circuit Court of Appeals, ending a nearly five-year dispute that has shaped debate over how cryptocurrencies are regulated. Back To Business Ripple’s chief legal officer Stuart Alderoty said on social media the matter was “over” and the company could get “back to business.” Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals. The end…and now back to business. https://t.co/nVqthNcFOt — Stuart Alderoty (@s_alderoty) August 7, 2025 Appeals Withdrawn, Penalties Finalized Based on reports, the SEC has withdrawn its challenge to a 2023 ruling that XRP sales on public exchanges were not securities. Ripple, in turn, dropped its own appeal on the finding that institutional sales of XRP violated securities laws. Both parties will shoulder their own legal expenses. The case’s resolution finalizes $125 million in penalties first outlined by Judge Analisa Torres. Of that, $50 million will go to the US Treasury, while $75 million—held in escrow since June—will be returned to Ripple. The ruling also leaves in place a permanent injunction stopping Ripple from making institutional XRP sales without following securities laws. It can be recalled that the litigation started in December 2020 when the regulatory body charged Ripple with raising $1.3 billion from unregistered securities offerings. Ripple protested innocence, claiming XRP is not a security. In July 2023, Judge Torres agreed with the SEC on “programmatic” sales to institutional buyers but decided such type of sales to retail purchasers were not deemed as “securities.” Political Shift Shapes Outcome The move to suspend appeals follows US President Donald Trump’s return to the White House and appointment of new bosses at the SEC. According to reports, under the new chair, Paul Atkins, the agency has backed away from more than a dozen enforcement actions and investigations involving crypto firms in recent months. Ripple CEO Brad Garlinghouse earlier said both parties had already agreed in June to put closure to their appeals, though negotiations to reduce the penalties failed. Meanwhile, market observers say the outcome is a reflection of the SEC’s softened approach in other high-profile cases, including those involving Coinbase and Kraken. For the crypto industry, this resolution is being viewed as a sign of changing tides in Washington’s stance when it comes to regulation. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says XRP Sees Renewed Trading Activity Following news of the case’s end, XRP shot up 13%, registering a 24-hour trading volume of $9.50 billion—an increase of more than 100% compared from the previous day. XRP’s price has been climbing by around 14% in the last seven days, latest data shows. Analysts say the sharp spike in activity signals renewed investor confidence now that the legal cloud over Ripple has been cleared. Featured image from Meta, chart from TradingView
Ethereum Foundation (EF) Co-Executive Director Tomasz Stańczak has urged developers to redirect their attention toward the upcoming Fusaka upgrade, warning that focus on the later Glamsterdam release could jeopardize near-term progress. In an Aug. 8 update on X, Stańczak said he had advised project coordinators to pause discussions about Glamsterdam. That upgrade is not expected […]
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Ripple Labs recently scored a major win after both sides filed to dismiss their appeals in the long-running SEC lawsuit. The case, which accused Ripple of selling XRP as an unregistered security, had been a major shadow over the company’s future. Interestingly, around the same time, Ripple announced its $200 million acquisition of Rail, a …
EF's Stanczak warns that Ethereum's Fusaka’s Q4 timeline is at risk, urging developers to pause Glamsterdam planning and prioritize the latest upgrade.
IVD Medical’s ETH buy will serve as both the backbone of its ivd.xyz tokenization platform and a yield-generating treasury asset, powering settlements, stablecoin backing, and staking strategies.
Ukraine’s central bank said it remains prepared to move forward with crypto legalization while reaffirming that virtual assets will not be recognized as legal tender, per RBC Ukraine. National Bank of Ukraine (NBU) Governor Andriy Pyshnyy said on August 8 that “virtual assets cannot be a means of payment in Ukraine” and described this restriction […]
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Humanity Protocol’s $1.1B-valued mainnet uses zkTLS to link Web2 credentials with Web3 services while keeping user data private.
A recent debate has been seen regarding XRP vs Bitcoin (BTC). While some say that Bitcoin is the revolution of cryptocurrency, others believe that XRP is more favorable with its 400 times faster services. The debate centers on the fundamental differences and potential investments, with strong arguments on both sides. XRP vs Bitcoin: Which One …
The joint venture, known as Anchorpoint, also includes Hong Kong Telecom and aims to build a business model for the issuance of licensed stablecoins.
Cryptocurrency exchanges have been rolling out stricter controls and clearer disclosures on how user funds are safeguarded.
The physical hat associated with the iconic photo of Achi, the dog behind the Dogwifhat memecoin, sold via auction on Ord City for 6.8 BTC.
On Thursday, the decades-old wall separating US retirement accounts from direct crypto exposure came down — and the potential capital inflow is staggering. President Donald Trump signed an executive order that will open 401(k) retirement plans to a broader range of alternative assets, including private equity, real estate, and — for the first time — crypto assets such as Bitcoin, Ethereum, and Solana. Is A Trillion-Dollar Crypto Flood About To Hit? The news marks a sharp reversal from the US Department of Labor’s (DOL) aggressive stance just three years ago, when the agency issued an unprecedented warning urging retirement plan providers to “exercise extreme caution” before offering crypto in 401(k) plans. As Ryan Rasmussen, Head of Research at Bitwise Asset Management, noted, “It was the first — and only — time the DOL singled out an asset class like this. Not even junk bonds or ESG funds.” In 2022, the DOL went further, stating that adding crypto to a 401(k) could be interpreted as a failure to meet the required fiduciary standard of professional care. The message was unambiguous: providers who failed to meet that standard could be held personally liable for any losses. This effectively froze the market before it began. “401(k) providers had to decide if adding crypto to plans was worth the risk of DOL scrutiny. Most didn’t,” Rasmussen explained. The chilling effect was immediate — sponsors backed off, firms paused crypto-linked retirement products, and investors “missed out on life-changing returns.” Related Reading: USDC Emerges As Top Pick In Booming Crypto Payroll Trend—Survey By mid-2025, however, the tide had turned. Mounting legal pressure, pushback from 401(k) providers, and Congressional criticism of regulatory overreach led the DOL to rescind its “extreme caution” guidance in full. More strikingly, the agency admitted that its 2022 approach was a deviation from its historically neutral treatment of investment strategies. As Rasmussen put it, “Once again, the US government admitted it had singled out crypto.” Now, the executive order will not merely remove the roadblocks but actively open the gates. According to Bloomberg data cited by Rasmussen, the US 401(k) market is valued at approximately $12.5 trillion. Even a 1% allocation to crypto would translate to $125 billion in inflows; a 10% allocation could reach $1.25 trillion. Rasmussen believes the earliest beneficiaries will be assets with existing exchange-traded fund (ETF) structures, naming Bitcoin, Ethereum, and Solana, while adding that “a rising tide lifts all boats.” More Implications For industry observers, the implications extend beyond a one-time capital injection. Tom Dunleavy, Head of Venture at Varys Capital, stressed that the mechanics of 401(k) investing create a powerful and persistent demand driver. “In the US, roughly 100 million Americans have a retirement investment vehicle known as a 401(k),” Dunleavy explained. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says “Every 2 weeks, a portion of their paychecks are routed directly into purchasing a mixture of stocks and bonds… This is a HUGE driver of the equity market run and resilience over the past 20 years. A constant background bid for assets.” With around $50 billion entering these funds biweekly, even a modest portfolio allocation to crypto — 1%, 3%, or 5% — could create recurring inflows of $120 billion to $600 billion annually. “And these aren’t one-time flows. THEY KEEP BUYING ONCE ALLOCATIONS ARE SET,” Dunleavy emphasized. Jan Happel and Yann Allemann, the founders of Glassnode and Swissblock, are already calling the move a watershed for mainstream adoption. They remarked via X, “People don’t realize yet how big today’s news has been for crypto… this will be seen as the watershed moment for mainstream adoption, much more than the ETF.” Scott Melker, known as “The Wolf of All Streets,” highlighted the transformational nature of the change: “Until now, the average American couldn’t touch Bitcoin or Altcoins in a 401(k). Soon, they might be able to DCA and trade like a degen tax-free for decades. This isn’t just policy — it’s a paradigm shift.” As Dunleavy summed it up, with 401(k)s and direct asset trusts in place, the policy “put[s] a ridiculous floor under crypto going forward and move[s] the limit from the moon to Jupiter.” At press time, the total crypto market cap stood at $3.82 trillion. Featured image created with DALL.E, chart from TradingView.com
Standard Chartered has partnered with Animoca Brands and Hong Kong telecom group HKT to establish Anchorpoint Financial, a joint venture applying for a license to issue a Hong Kong dollar-backed stablecoin under the city’s new regulatory regime. As Reuters reported, the venture formally notified the Hong Kong Monetary Authority (HKMA) of its intent just days […]
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The Solana memecoin launchpad says its new Glass Full Foundation will inject liquidity into select ecosystem tokens.
The headlines were buzzing, but SBI Holdings says it’s not true – at least not yet. The Japanese financial giant has denied claims that it has already filed for crypto exchange-traded funds (ETFs), including a dual Bitcoin-XRP product. Here’s the full truth. No ETF Filings Yet, Says SBI Holdings Reports earlier this week suggested SBI …
An SBI Holdings representative told Cointelegraph that the company had not filed any crypto-asset ETF applications.
Ripple and the US Securities and Exchange Commission (SEC) have agreed to formally end their appeals in the high-profile lawsuit that has dragged on for nearly four years. In a joint filing on Aug. 7, both parties confirmed they will withdraw their appeals following a Commission vote. Ripple’s Chief Legal Officer, Stuart Alderoty, said the […]
The post Ripple and SEC settle, sparking XRP’s 10% rally and BlackRock ETF speculation appeared first on CryptoSlate.
The $4,000 level has remained elusive for Ethereum even after rallying 40%+ in the months of May and July. The fact that the altcoin has been unable to clear this level points to this being the resistance to beat if Ethereum is to continue its uptrend. It also shows that there are forces keeping the altcoin from breaking this $4,000, and one market expert has attributed this to hedge funds, who have a unique interest in holding the price below $4,000. What Ethereum Above $4,000 Means For Options Traders In an X post, trader and market analyst Glen Goodman unveiled another angle to the beatdown that the Ethereum price has continuously suffered at the $4,000 level. This elusive price tag remains the singular hindrance to the ETH price possibility breaking its $4,800 peak from 2021, and its continuous trading below this price tag could be intentional. Related Reading: Bitcoin Could See Another Crash To Fill This Imbalance Before Rally To $120,000 Goodman’s post focuses on options traders and the hedge funds which they are betting against. Basically, since the hedge funds are still short Ethereum at this point, they need to suppress the price and keep it from reclaiming $4,000 in order to keep their positions in a profit. These professional traders or hedge funds are the ‘sellers’ who write the options, and they get a premium for doing so. Then the options buyers are paying a premium to the sellers as they are betting on the price of Ethereum actually going up above $4,000. So, every time the Ethereum price does reach $4,000, it gets beaten down so hedge funds can continue to profit from the premiums being made from buyers. What Happens If ETH Clears $4,000? In the event that the Ethereum price does cross $4,000, it means that the hedge funds will start to lose money, and the options buyers will begin making money. As the crypto trader explains, the higher the ETH price goes, the more money the options buyers make and the more money the hedge funds lose. This is why there always seems to be a violent pullback every time Ethereum comes close to $4,000 as the hedge funds continue to short it. Related Reading: Dogecoin Price Crash Could End Soon With A Roadmap For $5 Goodman explained that the hedge funds have been able to use this strategy to keep the Ethereum price below $4,000 and remain in profit. However, with each time that the altcoin comes close to the $4,000 level, the probability of breaking above it becomes higher. Over the long term, Ethereum’s price breaking $4,000 is incredibly bullish. “Strong resistance kicks in at $4000, so the price could really fly if it beats all the resistance in the early 4000s,” Goodman explained. Featured image from Dall.E, chart from TradingView.com
CrediX team appears to have executed an exit scam following a $4.5 million exploit, with the project’s X account inactive and website offline.
Pi Network is reshaping its token distribution strategy, opting for a compliance-driven model over the typical crypto playbook of mass exchange listings. The blockchain project is now directing Pi tokens through Know Your Business (KYB)-approved partners, including Banxa, TransFi, Onramp.Money, and Onramper, all of which operate across more than 100 countries with 170+ payment methods. …
Chainlink (LINK) is making headlines after a strong rally lifted the token to $19.15, marking a 15% daily gain and pushing its market cap near $13 billion. From a new reserve program to whale buying and bullish chart signals, several factors are fueling this rally, as analysts believe it might just be the beginning. Let’s …
ETH’s price appreciation has also been supported by the growing number of public “crypto treasury companies,” or firms that buy and hold tokens directly or through dedicated vehicles.
Two Seas Capital described the valuation as "inadequate" and urged other Core Scientific shareholders to also oppose the deal.