KLEA Crypto Daily: Friday, August 08, 2025

Published: August 9, 2025 – 00:03 UTC

Here’s a look back at the key stories from August 08, 2025.

Coinbase Rolls out DEX Trading for Millions of Assets With Built-in Self-Custody

Coinbase is revolutionizing U.S. crypto trading by offering seamless DEX integration and self-custody for millions of onchain assets directly in its app, marking a significant shift in the market.

Harvard Adds $117 Million BlackRock Bitcoin ETF Stake, Its Fifth-Largest Holding

Harvard University's endowment revealed a $117 million investment in BlackRock's iShares Bitcoin Trust, becoming one of the largest known bitcoin allocations by a U.S. university and showcasing growing institutional comfort with regulated crypto products.

Bitcoin Holds $116,000, Ethereum Breaches $4,000, XRP Flashes Golden Cross – What’s Next?

Cryptocurrency markets are trading higher, with Bitcoin at $116,439.73 and Ethereum at $4,051.48, driven by institutional and retail interest alongside optimistic regulatory developments.

Michael Saylor Responds To US Gold Tariffs: ‘Bitcoin Lives In Cyberspace, No Tariffs In Cyberspace’

Michael Saylor contrasts physical and digital stores of value amid US gold tariffs, highlighting Bitcoin's advantages and reinforcing its position as a superior asset in the current economic landscape.

The Daily: Ripple and SEC End Legal Battle as XRP Price Jumps

Ripple and the SEC have settled their legal battle, leading to a surge in XRP's price. Additionally, Jack Dorsey's company, Block, has hit $1 billion in bitcoin holdings.

CleanSpark Sees Record-Breaking Revenue in Its Most Profitable Quarter Yet

CleanSpark, a major Bitcoin mining company in the U.S., has reported its best-ever quarter with record-breaking sales and profits. The company's financial performance exceeded expectations, showcasing its strong position in the market.

World Mobile and Protelindo Enhance Global Connectivity with Stratospheric Connection

World Mobile and Protelindo have partnered to launch World Mobile Stratospheric, a groundbreaking stratospheric connectivity platform using advanced radio technology, with successful demonstrations in the UK, Europe, and the Middle East.

Bitcoin’s Energy Value Metric Hints at $145K Rally Target, Analysts Say

Bitcoin analysts predict a potential rally to $145,000, citing a trading discount and historical correlation with the Energy Value metric, indicating further upside potential for the cryptocurrency.

Bitcoin and Ethereum ETFs See Inflows

Recent data shows significant inflows into Bitcoin and Ethereum ETFs, with iShares (Blackrock) leading the way. This trend highlights growing investor interest in cryptocurrency assets.

Panama City Mayor Supports Bitcoin Discounts for Panama Canal Fees

The mayor of Panama City endorses a proposal to allow ships to pay reduced fees at the Panama Canal if they settle in Bitcoin. This move could potentially lead to the creation of a Strategic Bitcoin Reserve for Panama.

Bitcoin Steadies Above $116,000 As XRP, Dogecoin Surge On Regulatory Boost, ETF Inflows

Cryptocurrency markets surged on favorable regulatory developments, leading to ETF inflows and increased institutional adoption sentiment.

Block’s Bitcoin Holdings Surge Under New Accounting Rules—Now Worth Nearly A Billion Dollars

Block Inc.'s investment in Bitcoin has grown over 81% year-over-year, with its Bitcoin treasury now valued at nearly a billion dollars, reflecting a significant remeasurement gain.

Bitcoin’s Resilience Amidst Regulatory Shifts

Bitcoin's ability to adapt to upcoming regulatory changes, such as the EU’s MiCA framework and U.S. SEC rulings, is crucial for its enduring strength amidst a history of regulatory challenges and evolving perceptions.

UAE Establishes Unified Regulatory Framework for Virtual Assets Through SCA and VARA Agreement

The United Arab Emirates' establishment of a unified regulatory framework for Virtual Asset Service Providers (VASPs) through an agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA) is a significant development for the local crypto sector, aiming to streamline licensing and oversight.

SEC and Ripple End Legal Battle After Joint Appeal Dismissals

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have officially ended their protracted legal battle, filing a joint motion on August 7, 2025, to dismiss their respective appeals in the XRP lawsuit. This significant development concludes nearly five years of courtroom conflict and marks a milestone in crypto regulation enforcement.

Bitcoin Jumps Following Pro-Crypto Nominee Stephen Miran’s Appointment to Federal Reserve

Bitcoin surged over 2% after former U.S. President Donald Trump nominated Stephen Miran to the Federal Reserve Board of Governors. Miran's appointment is seen as a potential shift in U.S. monetary policy and regulatory stance towards digital assets, sparking speculation among financial analysts and crypto investors.

US Imposes 39% Tariff on Swiss Gold, Impacting Global Market Dynamics

The United States has implemented a 39% tariff on imports from Switzerland, affecting the Swiss gold refining industry significantly. This move, effective August 7, 2025, targets specific gold bars and is part of a broader strategy to address global market dynamics.

Jack Dorsey’s Block Adds 108 Bitcoin in Q2, Posts Higher Revenue and Profit

Jack Dorsey's fintech company has acquired 108 Bitcoin, bringing its total holdings to 8,692 BTC worth over $1.15 billion. The company reported higher revenue and profit in its latest 10-Q filing.

Source: KLEA News