Terraform Labs co-founder Do Kwon has finally pleaded guilty on two felony counts of wire fraud and conspirary to defraud.

Binance has joined the T3+ coalition and helped freeze $6 million from a pig-butchering crypto scam. The exchange is actively working with other industry players to track and stop illegal blockchain activity in real time.

Its co-founder said the company's treasury isn't big enough to cover the losses and it is working on a 'concrete plan' for compensation. source: https://www.theblock.co/post/366704/bitcoin-launchpad-odin-fun-exploit?utm_source=rss&utm_medium=rss

According to Foresight News, Yuan Coin Technology's website now features a dedicated page for the upcoming Hong Kong Dollar stablecoin, HKDR. The page indicates that the stablecoin is 'coming soon.' In response to this development, Yuan Coin Technology CEO Liu Yu expressed the company's commitment to advancing the project and confidence in ultimately obtaining the necessary licensing.

"Solana has surged dramatically, surpassing the significant price level of $200, raising intriguing questions about the potential for bullish investors to drive the cryptocurrency's value even higher, possibly reaching the ambitious target of $250 as we look ahead to August 2025." source: https://blocknews.com/solana-blasts-past-200-can-bulls-push-to-250-in-august-2025/

According to Cointelegraph, lawmakers in Wisconsin have introduced legislation aimed at curbing fraud through cryptocurrency ATMs. Senator Kelda Roys, alongside six Democratic colleagues, presented Senate Bill 386 as a companion to Assembly Bill 384, which was introduced by Democratic Representative Ryan Spaude on July 31. The proposed bills require crypto ATM operators to obtain a money transmitting license and collect detailed user information, including name, date of birth, contact number, address, and email. The strategy of filing identical bills in both legislative chambers is intended to expedite the process and increase the chances of the bills becoming law. The legislation mandates that operators collect government-issued identification from users, such as a passport or driver's license, and take a photo of the customer. Additionally, operators must verify the identity of users for each transaction, with a daily transaction limit set at $1,000. Warning labels about potential fraud must be prominently displayed on the machines. The bills also propose capping transaction fees at either a flat $5 or 3% of the transaction value, whichever is higher. Operators are required to reimburse customers for fraudulent transactions if confirmed by law enforcement within 30 days. The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a notice urging financial institutions to report suspicious activities involving crypto ATMs, highlighting fraud, cybercrime, and drug trafficking as prevalent issues. Globally, regulators have been scrutinizing crypto ATMs due to concerns over their use in criminal activities. New Zealand recently banned crypto ATMs, citing their role in money laundering and criminal financing. In the UK, authorities seized seven crypto ATMs and arrested two individuals in southwest London for alleged money laundering and illegal operation of a crypto exchange. Meanwhile, Grosse Pointe Farms, Michigan, has preemptively regulated crypto ATMs despite not having any within the town.

Former NYSE president Tom Farley's company targets $4. 8 billion valuation as investor demand surges source: https://www.blockhead.co/2025/08/13/crypto-exchange-bullish-increases-ipo-size-ahead-of-wednesday-trading-debut/

Ethereum exchange-traded funds (ETFs) have achieved unprecedented success, breaking all previous records with an astonishing influx of $1 billion in investments. This remarkable surge in capital has caught the attention of analysts, who are now closely monitoring the situation and speculating that Ethereum could potentially reach a value of $20,000 per coin in the future. source: https://voiceofcrypto.online/news/ethereum-etfs-record-massive-inflows

Senators in the state of Wisconsin have filed an identical bill to accompany earlier legislation filed in the state’s lower house that aims to closely regulate crypto ATMs. source: https://cointelegraph.com/news/wisconsin-senate-companion-bill-crypto-atm-scams?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin futures leverage hits a five-year high while spot ETFs log strong inflows, signaling potential volatility amid price consolidation. source: https://coincu.com/354503-bitcoin-leverage-hits-5-year-high-as-etf

According to PANews, Abraxas Capital is experiencing substantial floating losses totaling $244.78 million due to its short positions in BTC, ETH, SOL, HYPE, and SUI across two wallets amid a bullish market environment. The losses related to ETH alone exceed $188.7 million.

Solana and Chainlink led broad altcoin gains after a softer inflation print fueled expectations of a Fed rate cut amid institutional demand. source: https://decrypt.co/334906/solana-chainlink-lead-crypto-rally-double-digit-gains

Stablecoin usage and supply will grow significantly, but does a dedicated settlement and payment chain for stablecoins make sense?

Dan Morehead: BTC will still rise by another order of magnitude, approaching $1 million, which will be the last time Bitcoin sees a 10-fold increase.

The resurgence of prediction markets will leverage efficient markets to generate valuable predictive insights, and we are about to see an explosion in the types of markets and what people are betting on. A market for everything is coming.

Elon Musk has accused Apple of favouring OpenAI’s ChatGPT in the App Store, claiming this blocks his AI app, Grok, from reaching the top spot. Apple denies any bias, while Sam Altman fired back at Musk’s claims, leading to a public clash between the two tech figures.

World Mobile has taken a bold leap in telecommunications, launching a blockchain-enabled, decentralized 5G network that utilizes high-altitude, hydrogen-powered drones to deliver wireless connectivity worldwide.

DATs can generate income to increase the net asset value per share, thereby generating more ownership of the underlying token over time rather than just holding spot.

As a bull market cycle progresses, altcoins tend to gain momentum and outperform Bitcoin towards the end of the cycle. We call these the “first phase” and “second phase” of the bull market.

Golden Finance has launched the 2784th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.