Cointelegraph.com
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Cointelegraph.com - 22:29 Aug 08, 2025
Though possibly not its first foray into crypto, Harvard’s reported stake in BlackRock's Bitcoin exchange-traded fund represented a significant investment. Harvard Management Company, the entity responsible for managing the university’s $53-billion endowment fund, has reported a multimillion-dollar investment in BlackRock’s Bitcoin exchange-traded fund (ETF). In a Friday filing with the US Securities and Exchange Commission (SEC), Harvard disclosed holding about 1.9 million shares of the iShares Bitcoin (BTC) ETF as of June 30. The BTC exposure was valued at more than $116 million, making it the fund’s fifth-largest investment for the period after Microsoft, Amazon, travel technology company Booking Holdings, and Meta. Harvard reported its endowment fund was $53.2 billion as of June 30, 2024, making it the largest among US universities, ahead of Yale, Stanford and Princeton. Read more -
Cointelegraph.com - 21:55 Aug 08, 2025
ChatGPT-5 users on social media platforms were critical of the update, and OpenAI CEO Sam Altman responded to the complaints, pledging improvements. ChatGPT users flooded social media forums with negative comments about the platform's latest model released on Thursday, saying the upgrade was overhyped by OpenAI CEO and co-founder Sam Altman. Users on Reddit criticized the company's ChatGPT-5 model, saying it had a more restrictive rate limit and lacked the ability to switch to previous AI models, with some threatening to switch to competing AI platforms. Altman responded to the feedback in an X post: Altman called GPT-5 “a major upgrade over GPT-4” and a “significant step” along the road to artificial general intelligence (AGI) during Thursday’s official rollout. Read more -
Cointelegraph.com - 21:24 Aug 08, 2025
Court documents showed there was at least one 90-year-old, and some people had “set in stone” their opinions about the Tornado Cash co-founder’s criminal charges. A 12-person jury, including a member who celebrated her 90th birthday, deliberated this week in the complex case of Roman Storm, co-founder of Tornado Cash. They convicted Storm on one count of running an unlicensed money transmitting business, while remaining unable to reach a decision on other charges. According to court documents released on Thursday by Judge Katherine Failla, jurors in the Storm case sent several requests for information before declaring they were deadlocked on two of the charges. Among the letters to the judge were requests for transcripts of the testimony of several witnesses, clarification on what led to the indictment, and a specific query on the wallets included in North Korean sanctions. Read more -
Cointelegraph.com - 20:00 Aug 08, 2025
A bullish regulatory tailwind is forming as the SEC clarifies its stance on crypto, liquid staking and tokenization — with institutional investors and IPOs responding in kind. The US Securities and Exchange Commission’s (SEC) historic shift in favor of digital assets is emerging as one of the most significant developments of the current Trump administration. Yet, investors may not fully grasp what it means for crypto adoption and its integration into the core of American financial services. That’s one of the key takeaways from recent remarks by Bitwise CIO Matt Hougan, who believes markets are underestimating the regulatory tailwinds now forming in the world’s largest economy. Project Crypto, the SEC’s initiative to modernize its approach to digital assets, was unveiled last week in direct response to the White House’s Working Group on Digital Assets. The program aims to create clearer, more consistent crypto regulations going forward. Read more -
Cointelegraph.com - 18:35 Aug 08, 2025
Four state-level lawsuits against three celebrities and individuals tied to the EMAX token may proceed after a California judge’s ruling. Investors who were parties to a 2022 lawsuit may be closer to pursuing legal action against celebrities who promoted the EthereumMax (EMAX) token after a recent decision by a California judge. In a Wednesday filing in the US District Court for the Central District of California, Judge Michael Fitzgerald granted a motion allowing class-action lawsuits filed in four US states to move forward, but denied the request for a nationwide class against EMAX promoters. The order will allow cases involving investors who purchased EMAX between May 2021 and June 2021 to continue in New York, California, Florida and New Jersey. “Plaintiffs have demonstrated that the proposed state classes comport with the requirements of Federal Rules of Civil Procedure,” the Wednesday filing reads. “However, the risk of inappropriate extraterritorial application of California and Florida law is simply t... -
Cointelegraph.com - 18:05 Aug 08, 2025
Donations to the embattled software developer increased after Wednesday’s partial verdict and the possibility of a retrial. Tornado Cash developer Roman Storm’s legal defense fund is seeing an influx of donations as the software creator’s defense team preps for a possible retrial on charges of money laundering and sanctions violations. The Ethereum Foundation on Thursday said it will match up to $500,000 in donations to Storm’s defense fund. The jury in Storm’s trial was deadlocked — unable to reach a unanimous verdict — on two of the three counts against him, finding the developer guilty of running an unlicensed money transmitter. “Mistrials by hung juries do not trigger double jeopardy, so the defendant can be tried again,” Brandon Ferrick, general counsel at Douro Labs, told Cointelegraph. Read more -
Cointelegraph.com - 17:38 Aug 08, 2025
Ukraine has had some regulatory starts and stops when it comes to crypto, though momentum for a regulatory bill has picked up since 2024. Ukraine’s parliament plans to conduct the initial reading of a crypto regulation bill by late August, according to government officials. The legislation, if approved, could establish a legal framework for digital assets aligned with European standards. “The preparation of a draft law on taxation of transactions with virtual assets is currently in the final stage,” Danylo Hetmantsev, head of the parliamentary committee on finance, tax and customs policy, told Cointelegraph. “It is estimated that its submission for the first reading in the Verkhovna Rada is scheduled for the end of August 2025.” Read more -
Cointelegraph.com - 16:11 Aug 08, 2025
Bitcoin could challenge the $120,000 to $123,218 resistance zone but crossing it may be a tough ask for the bulls. Key points: Bitcoin has made a brilliant comeback but is expected to face significant resistance in at $120,000. Ether looks strong on the charts and is expected to challenge the $4,094 level, where sellers are expected to step in. Read more -
Cointelegraph.com - 15:14 Aug 08, 2025
Ether taps $4,000 for the first time in eight months in a further win for ETH bulls and the broader altseason, while Bitcoin dominance fades. Key points: Ether hits $4,000 for the first time since December 2024 in a key milestone for the year. ETH price optimism continues with Ether taking chunks away from Bitcoin’s crypto market cap dominance. Read more -
Cointelegraph.com - 15:00 Aug 08, 2025
Web3 AI projects often force blockchain integration to access capital, harming innovation by prioritizing ecosystem compatibility over practical AI solutions. Opinion by: Samuele Marro, PhD student in machine learning at the University of Oxford The Web3 AI space has fallen into a trap. Somewhere along the way, “decentralized AI” became synonymous with “blockchain AI.” This false equivalency actively harms innovation. Excellent decentralized AI projects contort themselves into blockchain frameworks, not because it makes technical sense, but because that’s the only way to access Web3 funding, expertise and communities. The blockchain-first mentality isn’t just limiting what decentralized AI could become; it’s cannibalizing it. Read more -
Cointelegraph.com - 14:30 Aug 08, 2025
Bitcoin’s resurgence as an institutional asset is reshaping crypto venture capital, but July also spotlighted tokenization, stablecoin infrastructure and settlement startups. The crypto venture capital landscape has made a decisive pivot back to Bitcoin, driven largely by its growing success as an institutional asset. As Cointelegraph reported, the emerging Bitcoin (BTC) DeFi sector attracted $175 million across 32 VC deals in the first half of the year. At the same time, Bitcoin treasury companies are injecting billions into the market by acquiring BTC for long-term strategic reserves. Beyond Bitcoin, several recurring VC themes remained prominent in July. Investors continued to back startups in tokenization, stablecoin infrastructure and settlement technology. Read more -
Cointelegraph.com - 14:22 Aug 08, 2025
Tornado Cash developer Roman Storm’s conviction misapplies money transmitter laws, crypto industry group says. The conviction of Tornado Cash co-founder and developer Roman Storm could set a “dangerous” precedent for developers and privacy, legal observers in the crypto space say. Storm was found guilty of operating an unlicensed money-transmitting business on Wednesday, Aug. 6. The crime carries a maximum sentence of five years. The jury could not reach a consensus on charges of conspiracy to commit money laundering and conspiracy to violate US sanctions. Federal prosecutors could still retry him on these two charges. While Storm is yet to face sentencing, other crypto-related cases, including former FTX CEO Sam Bankman-Fried and OneCoin co-founder Karl Greenwood, were tried and found guilty in the same district and ended up serving prison time. Read more -
Cointelegraph.com - 13:50 Aug 08, 2025
As the adoption of digital assets grows rapidly, there has been a significant increase in the amount of funds lost to scams and hacks. In the fast-evolving landscape of blockchain and the digital assets ecosystem, stories of overnight riches often overshadow the darker side: sophisticated scams that prey on the inexperience and trust of victims. One such cautionary tale unfolded in Thailand when a retired Australian police officer, Michael Reinecke, reported to the authorities on July 18, 2025, that he had fallen victim to a cryptocurrency scam that cost him nearly 40 million Thai baht, approximately $1.2 million. Read more -
Cointelegraph.com - 13:44 Aug 08, 2025
Chinese regulators ordered local firms to halt seminars and research on stablecoins, citing concerns over potential fraud and herd-driven speculation. Chinese authorities told local firms to stop publishing research or holding seminars related to stablecoins, according to a Friday report from Bloomberg. Chinese financial regulators reportedly instructed local brokers and other entities to cancel seminars and halt the promotion of research on stablecoins. Citing people familiar with the matter, Bloomberg said the authorities were concerned that stablecoins could be exploited as a tool for fraudulent activities. Christopher Wong, a currency strategist at Oversea-Chinese Banking Corp. in Singapore, said Beijing may be aiming to prevent a speculative surge among retail investors. Read more -
Cointelegraph.com - 13:42 Aug 08, 2025
XRP price may continue to climb toward $4.50 over the next few months as it breaks out of a classic bullish continuation pattern. Key takeaways: XRP futures volumes have popped by over 200% in the last 24 hours. XRP price chart bull flag targets $4.50 by September or October. Read more -
Cointelegraph.com - 13:30 Aug 08, 2025
Publicly traded companies are building strategic reserves in digital assets like BNB and Solana. Industry leaders explain why this could be the next institutional on-ramp for crypto. Publicly traded companies are increasingly swapping traditional cash reserves for digital assets, and they’re doing it in ways designed to attract both retail and institutional investors. In the latest Byte-Sized Insight episode, Cointelegraph’s Savannah Fortis spoke with two leaders in this space: David Namdar, CEO of the newly renamed BNB Network Company (formerly CEA Industries), and Joseph Onorati, CEO of DeFi Development Corporation (DFDV). “This is a story that hasn’t been told well… a lot of people, particularly in the US, really haven’t seen the growth of BNB Chain or how massive Binance is globally,” said Namdar. Read more -
Cointelegraph.com - 13:03 Aug 08, 2025
Stability DAO said it had identified two CrediX Finance team members and was working with other projects and authorities to recover the stolen funds. The team behind the decentralized finance (DeFi) protocol CrediX Finance seems to have disappeared following a $4.5 million exploit that drained funds from the platform, raising suspicions of an exit scam. On Monday, blockchain security firms flagged the exploit and determined that crypto assets worth $4.5 million had been taken from the platform. In response, the DeFi protocol paused its website to prevent users from depositing any more funds. Blockchain security firm SlowMist wrote that six days before the exploit, the attackers accessed the protocol’s multisig admin and bridge wallets. The access was used to mint crypto that was used as collateral to drain the DeFi protocol’s liquidity pools. Read more -
Cointelegraph.com - 12:25 Aug 08, 2025
Despite aggressive bullish bets, market odds imply under 3% chance of $200,000 BTC price by December of this year. Key takeaways: Diagonal and butterfly spreads benefit from BTC near $160,000. $200,000 year-end call options imply less than 3% chance of profit. Read more -
Cointelegraph.com - 11:53 Aug 08, 2025
Trump’s executive order opening 401(k)s to crypto has drawn a mix of praise, caution and criticism from industry leaders and skeptics alike. United States President Donald Trump signed an executive order on Thursday opening the door for Americans to include crypto and other alternative assets in their 401(k) retirement accounts and other defined-contribution plans, a policy shift that has sparked optimism and caution from the crypto industry. Trump’s executive order directs the US Labor Department to reevaluate restrictions on alternative assets like crypto, private equity and real estate in 401(k)s and other defined-contribution plans. As of the first quarter of 2025, US retirement assets totaled $43.4 trillion, according to the Investment Company Institute and the Federal Reserve Board. Defined-contribution plans, including $8.7 trillion in 401(k)s, accounted for more than $12 trillion. Read more -
Cointelegraph.com - 11:52 Aug 08, 2025
Trump’s move may change US retirement plans. Bitcoin could soon be part of your 401(k), and Wall Street is getting ready. Trump's forthcoming executive order could open the $9 trillion US retirement market to Bitcoin and other cryptocurrencies. The order aims to give 401(k) providers legal protection when offering crypto investment options. Major asset managers like BlackRock and Apollo are reportedly developing crypto retirement products in anticipation of regulatory clarity. Read more
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