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      KLEA Crypto Daily: Saturday, August 09, 2025

      Here’s a look back at the key stories from August 09, 2025.

      El Salvador Opens Door to Bitcoin Investment Banks With New Law

      El Salvador has passed legislation allowing regulated investment banks to hold Bitcoin on their balance sheets and offer crypto services to institutional clients, aiming to solidify its position as a global digital asset hub. The new law permits private investment banks to engage in digital assets like Bitcoin for 'sophisticated investors,' potentially attracting foreign capital.


      Altcoin Momentum Pushes Crypto Market Cap Past $4 Trillion

      The cryptocurrency market saw a positive week with its total market capitalization briefly exceeding $4 trillion, driven by standout performers like Ether and LINK which rose over 21% and 33% respectively. This surge in altcoin momentum signals a significant milestone for the crypto market's growth and adoption.


      Ether Price Target Now $20K as ETH Preps All-Time High in ‘1-2 Weeks’

      Ethereum's price excitement is reaching new heights as analysts predict a target of $20,000 for Ether, with expectations of hitting a new all-time high within the next 1-2 weeks. This surge comes as ETH/BTC still has significant ground to cover.


      ENS Price Surges 4.97% to $29.12 as Technical Indicators Flash Mixed Signals

      ENS trades at $29.12 with a 4.97% daily gain, showing bullish momentum above key moving averages despite bearish MACD divergence signaling potential consolidation ahead.


      Filecoin (FIL) Price Surges 4% Despite Recent Support Break – Technical Recovery Signals

      FIL trades at $2.60 (+4.09%) as bulls attempt recovery from key $2.38 support break. NV23 upgrade and AI showcase fuel optimism despite recent volatility.


      Bitcoin Cash (BCH) Surges Above $587 as August Halving Event Drives Bullish Momentum

      BCH price climbs to $587.20 (+2.17% in 24h) as investors position ahead of the upcoming August halving event, with technical indicators showing strong bullish momentum.


      TeraWulf Losses Deepen as Bitcoin Miner Ramps Up AI Hosting Bet

      Bitcoin miner TeraWulf reported a $18.4 million net loss for the second quarter, with first-half deficit reaching $79.8 million. The company is investing in converting its New York facility into a high-performance computing hub for AI clients, despite rising revenue.


      Humanity Launches $1.1B Mainnet in Bid to Challenge Worldcoin

      Humanity Protocol, a blockchain-based identity network, launched its mainnet with a $1.1 billion valuation. The platform aims to bridge Web2 credentials with Web3 services without compromising sensitive personal data, offering a privacy-first alternative to Worldcoin.


      © 2025 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud