KLEA Crypto Daily: Tuesday, August 12, 2025

Here’s a look back at the key stories from August 12, 2025.

Binance Joins Blockchain Crime Unit Backed by Tron, Tether

A blockchain crime-tracking alliance formed by Tron, Tether, and analytics firm TRM Labs has frozen over $250 million in illicit crypto assets and has now onboarded Binance as its first exchange partner. The T3 Financial Crime Unit aims to broaden industry cooperation to combat crimes like money laundering and fraud.

Argentina Fails to Find Key Actor Linked to Libra Memecoin Launch

Argentina has been unsuccessful in identifying a key individual tied to the launch of Libra, a meme coin promoted by President Javier Milei. Interpol Singapore was unable to locate Julian Peh, the CEO of KIP Protocol, who has connections to the Libra token.

US Prosecutors Uphold 10-Year Sentence for HashFlare Co-Founders

Despite pleading guilty to wire fraud, HashFlare co-founders face deportation from the US as prosecutors stand firm on a 10-year sentence.

Ethereum Surges to Multi-Year High Above $4,500

Ethereum reaches over $4,500, driven by corporate treasury purchases and expectations of a Fed rate cut, marking its highest price since December 2021.

Circle Stock Pops On Q2 Earnings: USDC Hits $65.2 Billion In Mainstream Stablecoin Adoption

Circle Internet Group, Inc. (NASDAQ:CRCL) reported strong second-quarter financial results, with its USDC stablecoin reaching $61.3 billion in circulation. The company's stock surged following the earnings report.

Roman Storm’s potential retrial pushed back following court extension

Following a guilty verdict on one charge, Tornado Cash co-founder's potential retrial has been delayed. US authorities retain the option to seek a retrial in the case.

Bitcoin Depot Profits Jump 183% as BTC Holdings Rebound

Bitcoin Depot reported a second-quarter profit of $12.3 million, showcasing a significant 183% increase as their BTC holdings rebounded.

Monero Faces Chain Reorganization Fears After Qubic Claims 51% Hashrate Control

Monero is at risk of chain reorganization after Qubic openly declared control of 51% of the hashrate, leading to concerns of a successful 51% attack and escalating tensions in the ongoing hack war.

Crypto Braces for Potential Rally as US Inflation Data Could Trigger Bitcoin's Next All-Time High

The upcoming US inflation data release is anticipated to set the stage for a potential crypto rally, with experts suggesting that the Consumer Price Index could lead to Bitcoin reaching new all-time highs, amidst a backdrop of market uncertainty and fluctuating prices.

Circle to launch L1 blockchain called Arc sparking concerns over centralization and governance

Circle announced the launch of Arc, its own Layer 1 blockchain, aiming to support regulated money movement and a globally distributed financial system. The move has raised concerns over centralization and governance in the crypto space.

The core CPI year-on-year reaches a five-month high

The core CPI year-on-year has reached a five-month high, surpassing market expectations. This development is significant in the economic landscape.

Pro-Crypto UFC Inks $7.7 Billion Deal With Paramount

The Ultimate Fighting Championship (UFC) has signed a $7.7 billion deal with Paramount, marking a major shift in the MMA industry by making all events available on Paramount+ starting in 2026, rendering the pay-per-view model obsolete.

Future FinTech Group Applies for Hong Kong VASP License

Future FinTech Group Inc. is seeking a Type 1 Virtual Asset Service Provider license in Hong Kong, aiming to expand its virtual asset services, including cryptocurrency trading, under the territory's regulatory framework.

Fundamental Global Acquires 47,331 ETH in Landmark Institutional Move

FG Nexus, formerly Fundamental Global Inc., has purchased 47,331 ETH valued at around $200 million, signaling a significant institutional interest in Ethereum and a strategic move to secure a substantial position in the Ethereum ecosystem.

Bitcoin Cash Surges to $591 as August Halving Drives BCH Rally Above Key Resistance

Bitcoin Cash (BCH) trades at $590.70 with strong bullish momentum ahead of the August halving event.

Ethereum Hits New Yearly High at $4,300 as Institutional Demand Drives ETH Breakout

ETH price surges to $4,300 due to institutional demand and technical breakout, though caution is advised due to overbought conditions.

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Source: KLEA News