Crypto

While whales booking profits created near-term pressure, some analysts argue that structural flows continue to point higher if resistance levels give way.

While Powell's stance supports a crypto rally, potential risks include corporate treasury adoption challenges and equity market volatility.

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

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

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

SharpLink Gaming can repurchase up to $1.5 billion worth of common stock under a newly authorized program, the Ethereum treasury firm said.

Authorities across Africa arrested more than 1,200 suspects and seized nearly $100 million in a sweeping cybercrime operation that dismantled online fraud networks and illegal crypto mining operations, INTERPOL announced on Aug. 22. The three-month crackdown, known as Operation Serengeti 2.0, targeted nearly 88,000 victims across 18 African nations in collaboration with the UK. Investigators […] The post Interpol arrests 1,200 people, seizes over $100M in crypto busts across multiple African countries appeared first on CryptoSlate.

The VanEck JitoSOL ETF filing comes after regulators determined earlier this month that liquid staking is not a securities transaction.

Despite reports of insider dumping and retail losses, DeFiLlama data shows YZY mania boosted Meteora's fees to $16 million.

Bitcoin and crypto seem to be on the verge of mainstream adoption, with US spot exchange-traded funds (ETFs) shattering inflow records, Goldman Sachs holding more crypto ETF shares issued by BlackRock than any other institution, and corporate treasuries from Strategy to Bitmine embracing digital assets. However, a recent survey from Bank of America showed three-quarters […] The post The Great Crypto Divide: Why Wall Street’s old guard still won’t touch crypto appeared first on CryptoSlate.

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

Ethereum set a new all-time high, breaking its previous 2021 record after Jerome Powell signaled the Fed would cut interest rates.

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

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

The token rose to a fresh record on Coinbase on Friday.

Ethereum (ETH) recorded a blistering rally of over 15% in the past 24 hours and surpassed its 2021 all-time high of $4,869.47 on Aug. 22. As of press time, the second-largest crypto was trading at a high of $4,888 and was continuing to move upward. Federal Reserve Chair Jerome Powell prompted the price increase after […] The post Ethereum breaks above 2021 all-time high after blistering 15% rally appeared first on CryptoSlate.

ETH's price charts a new all-time high as institutions and treasury companies compete to stockpile as much as they can.

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

Jito announced the filing of an exchange-traded fund (ETF) based entirely on Solana liquid staking tokens in a partnership with VanEck. According to an Aug. 22 announcement, the filing represents months of collaborative regulatory outreach between Jito and VanEck, beginning with initial meetings with the US Securities and Exchange Commission (SEC) in February.  The partnership […] The post VanEck and Jito file the first liquid staking-backed Solana ETF appeared first on CryptoSlate.

Fed hints spark crypto rally as Bitcoin ETFs bleed $1B, but Ethereum bounces back. Plus, Figure Technologies is eyeing an IPO.