Crypto

The UK sanctioned Kyrgyz banks, crypto exchanges and individuals tied to Russia’s ruble-backed stablecoin. The United Kingdom imposed sanctions on Kyrgyzstan’s financial sector and crypto networks it said were used by Russia to bypass Western restrictions, targeting an alleged $9.3 billion, ruble-backed stablecoin operation. The new measures build on more than 2,700 existing UK sanctions against Russia and follow a similar move last week by the United States, the UK government said in a Wednesday announcement. Among those sanctioned was Capital Bank of Central Asia and its director, Kantemir Chalbayev, which the UK claims Russia used to finance military goods. Two Kyrgyz crypto exchanges, Grinex and Meer, were also blacklisted, along with entities tied to the infrastructure supporting the A7A5 stablecoin. Read more

A Bitcoin whale rotated another $113 million worth of Bitcoin into a $240 million spot Ether position after closing part of a previous Ether perpetual long worth almost $300 million. A recently emerged Bitcoin whale, or big investor, continued to acquire Ether, transferring another $113 million worth of Bitcoin after seven years of dormancy. The Bitcoin whale sold $76 million worth of Bitcoin (BTC) and opened a $295 million perpetual futures long position on Ether (ETH), Cointelegraph reported earlier Thursday. The mysterious whale closed part of his perpetual futures positions and deposited another 1,000 BTC worth $113 million on the decentralized exchange Hyperliquid, most of which was sold to enter the long spot Ether position. Read more

The UK sanctions targeted entities in Luxembourg and Kyrgyzstan linked to the rouble-pegged stablecoin A7A5.

The Winklevoss twins-owned Gemini exchange continues its expansion in Europe, securing a Markets in Crypto-Assets Regulation license in Malta. Cryptocurrency exchange Gemini received a Markets in Crypto-Assets Regulation (MiCA) license in Malta, supporting the company’s ongoing expansion in Europe. The Cameron and Tyler Winklevoss-owned exchange secured a MiCA license from the Malta Financial Services Authority (MFSA) on Wednesday, according to official MFSA records. “Receiving this approval marks a critical milestone in our regulated European expansion, as it will allow us to expand our secure and reliable crypto products for customers in over 30 European countries and jurisdictions,” Gemini said in a statement shared with Cointelegraph. Read more

Kenneth Rogoff reflects that he underestimated BTC's role in the underground economy, which has put a floor under the cryptocurrency's price.

LayerZero’s $110 million token-swap offer faces competition as Wormhole pushes for a delay in Stargate’s governance vote to submit a higher bid.

SHIB's price range saw a 5% spread, with trading volume surging past 1 trillion tokens.

The apparent celebrity-backed token surged thousands of percent at launch, but on-chain data points to concentrated control, insider trades and a liquidity design that leaves retail investors exposed.

Kanye West’s YZY token made a volatile debut on Solana, soaring past $3 billion before sliding under $1 billion in hours.

Bitcoin remains rangebound with options data showing divergent bets as traders aim to divine Powell’s tone ahead of Friday’s Jackson Hole meeting.

The drug developer turned digital asset treasury firm's delisting comes as crypto-linked stocks face a broader market downturn.

The startup's $500 million valuation shows Silicon Valley will throw money at AI-powered anything—even a high tech mattress.

Bitcoin is trading just above $113,000, with realized cap rising steadily and spending activity led overwhelmingly by coins younger than three months. Profit realization remains positive, short-term holders hover around breakeven, and older supply shows little sign of distribution. Bitcoin closed Aug. 20 at $113,599, marking a 7.9% drop in the past week, a 3.3% […] The post Bitcoin SOPR shows consistent profit realization despite price pullback appeared first on CryptoSlate.

Federal Reserve Governor Christopher Waller urged policymakers and bankers to stop fearing DeFi and stablecoins, saying they will drive the next wave of innovation in the US payments system. US Federal Reserve Governor Christopher Waller told his peers and the private banking sector that there’s “nothing to be afraid of” about crypto payments despite it operating outside the traditional banking system. “There is nothing scary about this just because it occurs in the decentralized finance or DeFi world — this is simply new technology to transfer objects and record transactions,” he said during a speech at the Wyoming Blockchain Symposium 2025 on Wednesday. Leveraging innovative tech to build new payment services isn’t a “new story,” Waller said as he pitched policymakers and the private banking sector to work together on crypto payment infrastructure. “There is nothing to be afraid of when thinking about using smart contracts, tokenization, or distributed ledgers in everyday transactions.” Read more

Google’s new devices, shipping this month, claim to do a lot of what “Apple Intelligence” promised to do last year, but so far hasn’t.

The Crypto Council for Innovation (CCI) and the Blockchain Association jointly issued a letter on Aug. 20 endorsing Brian Quintenz for Chairman of the US Commodity Futures Trading Commission (CFTC). In the letter to President Donald Trump, the groups emphasized that confirming Quintenz promptly is critical to advancing his administration’s agenda to foster a “golden […] The post Crypto groups endorse Brian Quintenz for CFTC amid regulatory standoff with banks appeared first on CryptoSlate.

With Bitcoin demand cooling and profit-taking accelerating, investors are rotating into ether and a handful of resilient plays while retail “altseason” fades.

The son of President Donald Trump called himself a “bitcoin maxi” during an appearance in Jackson Hole on Wednesday.

The Digital Freedom Fund will focus on supporting President Trump’s crypto agenda—first and foremost by beating Democrats in next year’s midterms.

Wormhole Foundation (WF) entered the bidding competition for Stargate Finance, challenging LayerZero’s proposed $110 million acquisition. In an Aug. 20 statement via X, WF argued that LayerZero’s offer significantly undervalues the cross-chain bridge protocol. LayerZero Foundation announced its acquisition proposal on Aug. 10, offering to purchase all circulating STG tokens at $0.1675 per token through […] The post Wormhole Foundation challenges LayerZero’s $110M Stargate acquisition proposal appeared first on CryptoSlate.