Justice Department (DOJ) Criminal Division head Matthew Galeotti declared that writing code without criminal intent does not constitute a crime, providing crypto developers and smart contract creators with clearer boundaries on criminal liability. During remarks at the American Innovation Project Summit on Aug. 21, Galeotti stated: “Our view is that merely writing code without ill […]
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US DOJ says code itself isnt a crime, shifting crypto enforcement focus to intent and control after Tornado Cash ruling.
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Though a Justice Department official did not mention the Tornado Cash developer by name, he made many general references to enforcement cases involving similar allegations.
Bitcoin has cemented itself as a trillion-dollar asset class, and institutional adoption is gathering momentum, and pressure on the world’s largest companies is mounting. What started as a fringe bet is rapidly turning into a strategic necessity. In a recent Swan Bitcoin presentation, Adam Livingston laid out a simple yet powerful case for why passive index mechanics will eventually force S&P 500 companies to incorporate BTC exposure the moment MicroStrategy qualifies for inclusion. What An S&P 500 Bitcoin Allocation Could Look Like According to the update on X, Livingston explains that once Strategy qualifies for inclusion in the S&P 500, the index’s rules will take effect. This is not about taste or ideology. Rather, it’s about floats, weights, and formulas. Related Reading: Institutional Bitcoin Holdings Near 20% Of Supply—Wall Street’s New Playground? When the index updates, trillions of dollars in benchmark trackers will follow. This means that BTC exposure will be piped directly into every 401(k), pension fund, and institutional portfolio that mirrors the S&P 500. The inclusion checklist is that Strategy now meets the exact criteria required for S&P 500 entry. These include passive funds like SPY and VOO that collectively move trillions and are compelled to buy new entrants, without questioning why a small initial index weight can trigger billions in inflows. Spot Bitcoin ETFs amplify the same flows with the daily rebalancing. Also, a reflexive loop is formed when BTC rises, Strategy’s weight rises, and more passive capital resumes buying. Real-world proof from prior inclusions shows how fast the index effect drives flows, and miners, exchanges, and treasury-heavy firms multiply BTC. Furthermore, he emphasizes that this is inevitable and not an opinion. Once the Strategy clears the inclusion hurdle, passive capital must flow. Presently, the index system has no ideological filter, and it simply executes rules. For finance professionals, CIOs, advisors, and analysts who live and die by benchmark risk, it’s the plumbing that matters. For Bitcoiners, it’s a clean, shareable explanation for skeptics who dismiss adoption as narrative hype. Once the index rules are triggered, the passive system cannot ignore BTC. By default, BTC exposure will be distributed across global portfolios. Parataxis Holdings Joins The BTC Treasury Trend In a strategic move, Parataxis Holdings has just joined the growing list of major institutions allocating corporate treasury funds to Bitcoin. Parataxis Holdings announced plans to purchase up to $640 million worth of BTC. According to market analyst Cryptoclub520, this signals an increase in institutional confidence in the digital asset as both a store of value and a hedge against market uncertainty. Related Reading: Bitcoin’s Macro Mirror: Global Liquidity Trends Hint At Bullish Continuation Additionally, the firm plans to deploy the funds gradually and adjust purchases based on market conditions to reduce volatility. However, Cryptoclub520 notes that BTC is becoming a serious reserve asset for investors. Institutional adoption continues to heat up, as more asset managers and corporate treasuries embrace BTC, marking a bullish signal for long-term holders. Featured image from Pixabay, chart from Tradingview.com
Several technical indicators are flashing bullish for SOL price, and analysts believe a rally to $260 is the next step.
State Street, one of the world’s top three asset managers, can now custody blockchain-based debt securities for institutional clients.
Stablecoins could swell to a $1.2 trillion market by 2028 and begin exerting pressure on U.S. debt markets, according to an Aug. 21 Coinbase report. The projection, based on thousands of growth simulations, outlines a path for the market to expand nearly 5x from its current size of $270 billion. The report comes as the […]
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NYSE-listed DDC Enterprise Limited, looking to purchase 10,000 bitcoins, adds another 100 BTC to its stockpile.
The inaugural transaction State Street anchored was a $100 million digital commercial paper issuance by OCBC.
"Writing code" is not a crime, said one of the Justice Department's top leads in its criminal division on Thursday.
Aave enters a blockchain with few competitors, with only one top-five Aptos protocols having a TVL of $1 billion or more.
State Street's blockchain integration could revolutionize institutional debt markets, enhancing efficiency and reducing operational risks.
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A fraudster posing as a hardware wallet support agent tricked the target into handing over wallet credentials.
Macro conditions suggest Bitcoin (BTC) might face a multi-week performance slowdown if global M2 money supply peaks in September, according to a recent report by Delphi Digital. The BTC-M2 relationship using a 10-week offset shows M2 data already rolling over roughly 8% from projected September highs. Bitcoin has historically followed M2 peaks with performance lags, […]
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The XRP Ledger (XRPL) has witnessed a dramatic surge in on-chain transactions, with payment volumes between accounts surging by 500%. This sharp increase highlights a significant rise in transactions and address activity on the blockchain, marking one of the highest spikes recorded this year. XRP Sees Record-Breaking On-Chain Activity Data from XRPScans confirms that on August 18, 2025, the XRP Ledger recorded a massive rise in network activity, processing 844,516,631 tokens in payments between accounts. This figure dwarfs the average daily flows seen throughout this month. The surge also marks an increase of more than 500% compared to the previous day, when payment volume totaled only 159,685,255. Related Reading: XRP Price Being Manipulated? XRPL Validator Shares Scathing Blockchain Findings Typically, such spikes in on-chain activity often indicate growing adoption, whether through institutional participation, retail engagement, or whale repositioning. Historically, sudden bursts of transactional volume have preceded major price movements, as they tend to reflect rising demand. XRPScan’s payments chart also highlights the cryptocurrency’s shifting volume trends throughout the year. For much of 2025, XRP payments largely fluctuated at a lower baseline, with occasional bursts of activity. While August stands out, July saw an even more heightened activity, with 1.41 billion payments logged on the 21st. Despite the sharp rise in on-chain activity, the XRP price has yet to reflect the surge, trading without any significant upside reaction. However, sustained growth in payment volume could strengthen the cryptocurrency’s underlying fundamentals, potentially setting the stage for a new wave of market interest. Whale Sell-Offs Weigh On Price Over the past week, the XRP price has dropped roughly 10% to around $2.89 despite the recent spike in payment volume. According to a post on X social media by crypto exchange XChangeOn, this decline has been partially attributed to heavy whale selling and ongoing market volatility. Related Reading: Key Levels To Watch In Light Of XRP’s Macro Future In just ten days, a staggering 470 million XRP were offloaded, with several of these transfers exceeding 100 million tokens each. XChangeOn noted in its post that much of this supply had found its way to Binance, adding significant selling pressure to the already fragile market. Interestingly, these moves came after whales had accumulated over $360 million worth of XRP during earlier price dips, suggesting that large players may now be realizing profits or repositioning ahead of broader market shifts. XChangeOn indicated that the growing selling pressure has placed XRP at risk of testing support levels between $2.70 and $2.50. From the current price of $2.89, this represents a potential decline of approximately 6.6% and 13.5%, respectively. If downward pressure continues, the cryptocurrency is expected to experience further weakness in the short term. However, XChangeOn notes that reduced inflows to exchanges and renewed whale accumulation could act as stabilizing forces. Featured image from Getty Images, chart from Tradingview.com
An XRP chart fractal and whale flows hint at a short-term dip before a possible “moonshot” breakout to new all-time highs in Q4.
Family offices across Asia are boosting digital asset exposure, driving new crypto funds, exchange activity, and shifting adoption beyond retail-led growth.
The approval is a significant step in Gemini’s EU strategy, allowing the firm to roll out its trading products and services to customers across the region.
HBAR demonstrates strong recovery momentum following SWIFT blockchain trials.
ETH has outpaced BTC, with JPMorgan pointing to a combination of ETF inflows, corporate adoption, and regulatory clarity among key factors.
The integration between Republic and Injective aims to provide both technical and regulatory advantages as the companies look to democratize investing in private firms.
Coinbase CEO Brian Armstrong put a bold price on Bitcoin this week, saying the token could hit $1 million by 2030. He posted the prediction on X and pointed to rising institutional interest and clearer rules in the US as reasons for the call. Related Reading: Ethereum Captures Investor Frenzy, Overtakes Bitcoin With Nearly $3-B Surge Short-term moves will still be messy, he warned, but the long-term case is getting stronger. Armstrong Joins High-Profile Bull Calls According to Armstrong, the shift in tone from regulators matters. He flagged pending stablecoin legislation and a market structure bill in the Senate as possible catalyst events, saying “something could happen by the end of this year.” Reports have disclosed that the US government now holds a strategic Bitcoin reserve, a step Armstrong once found unlikely. I think we’ll see $1M per bitcoin by 2030. Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there’s a growing interest for crypto ETFs, among many other factors. (Not financial advice of course, it’s impossible to guarantee) pic.twitter.com/w5EfcYFvVp — Brian Armstrong (@brian_armstrong) August 20, 2025 Institutional Flows Are Small, But Growing According to Armstrong, many large funds currently hold about 1% of their portfolios in Bitcoin. That’s small. It’s also a base to build from if rules become clearer. Exchange-traded funds have already pulled significant institutional money into the market, and sovereign interest is slowly rising. Armstrong argues that clearer rules will speed the process and unlock more capital. Big Names Back Big Numbers Meanwhile, several well-known figures have been making their own forecasts about the world’s most popular crypto asset. Author Robert Kiyosaki has argued that rising inflation and the growing US debt load could be key drivers pushing Bitcoin toward higher levels. Michael Saylor, who leads Strategy, points to Wall Street’s balance sheets, saying a 10% allocation of reserves to Bitcoin could be enough to trigger the million-dollar mark. Related Reading: Panic Or Profit? Analyst Says XRP Below $3 Is A ‘Massive Blessing’ Cathie Wood of ARK Invest has set an even loftier target, suggesting Bitcoin could climb to $1.5 million in her firm’s bull scenario. Together, these forecasts align with Armstrong’s call, though each stems from a different line of reasoning. Regulation And Risk Still Matter Bitcoin has a history of sharp rallies followed by big pullbacks. That pattern hasn’t disappeared. While proponents point to limited supply and growing institutional exposure as reasons to expect higher prices, critics warn that macro shocks, tighter regulation, or a serious technical flaw could reverse gains quickly. Featured image from Meta, chart from TradingView
The first U.S.-chartered crypto bank had been resolving the agency's requirements to fix anti-money laundering controls since 2022.
Bitcoin onchain data and the length of BTC’s previous market cycles suggest the current bull phase is coming to an end.
Cardano’s momentum is heating up as whale wallets make bold moves. A recent update from Crypto Update IO reveals that whales have snapped up 100 million ADA in a single day, lifting their holdings to 18.65 billion ADA. Such aggressive accumulation may be hinting at a major turning point for the market. Price Action And Technical Indicators In his analysis, Crypto Update IO pointed out that Cardano’s price has been fluctuating between $0.86 and $0.88 over the past day. Strategic accumulation during this dip suggests that larger investors are positioning themselves for potential future gains, providing a cushion against broader market corrections. Historically, such whale activity has often signaled renewed interest in Cardano. Related Reading: Cardano Defies Market Dip With 20% Weekly Surge: Analysts Eye $10 Target Ahead At present, ADA is trading at $0.88, reflecting a 3% rise within the last 24 hours. This short-term uptick comes despite a 10% decline over the past week, showing that the asset is attempting to stabilize after recent downward pressure. According to Crypto Update IO, Javon Marks highlighted that Cardano’s current market structure appears to be mirroring previous cycles. These patterns could set the stage for an extraordinary surge, with ADA potentially rallying as much as 740% toward the $8 mark if history repeats itself. Such a setup suggests that Cardano may be entering a crucial accumulation phase before significant rallies. Cardano Derivatives Market And Institutional Interest Crypto Update IO went on to explain that Cardano’s derivatives market is showing a blend of caution and growing optimism. Despite a 4% drop in open interest and an 18% decline in trading volume, certain underlying metrics are starting to turn more favorable. The encouraging signal comes from the funding rate, which has flipped positive at 0.0072%. Related Reading: Cardano (ADA) Turns Upward — Signs of a Recovery Emerge A positive funding rate typically indicates that traders are paying a premium to hold long positions over shorts. This dynamic reflects an increasing appetite for bullish exposure, pointing to renewed confidence in Cardano’s near-term trajectory, as sentiment leans toward a price recovery. With long positions beginning to outweigh shorts, the market is signaling that traders are preparing for potential rallies, positioning themselves early before a larger move materializes. This behavior often precedes significant breakouts in the crypto market. Adding to the narrative, Crypto Update IO highlighted that on August 14, ADA futures volume surged to an impressive $7 billion. A spike in futures volume underscores the growing attention Cardano continues to attract from both retail traders and institutions. Combined, these developments suggest that ADA remains firmly on the radar, with derivatives markets quietly building a foundation for what could become its next major rally. Featured image from Adobe Stock, chart from Tradingview.com
A federal banking regulatory agency has dropped its consent order against Anchorage Digital over concerns about its AML program.
The data currently on hand does not support the case for lowering interest rates, said the president of the Cleveland Fed.
On-chain data flagged institutional-sized flows, with nearly 155 million in XRP turnover during recovery periods, far above the 63 million daily average.
Crypto security company Kerberus has acquired Refract, the makers of an anti-fraud browser extension for wallets, in a seven-figure deal.
Coinbase's potential listing of USD1 could enhance stablecoin adoption, impacting DeFi markets and increasing competition among stablecoins.
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