KLEA Crypto Daily: Wednesday, August 13, 2025

Published: August 14, 2025 – 00:03 UTC

Here’s a look back at the key stories from August 13, 2025.

Bitcoin Breaks $123K as Momentum Builds

Bitcoin surged past the $123,000 mark, marking its first time above this level since July 2025. With a 6.2% gain over the past week, Bitcoin's market value now stands at a staggering $2.44 trillion.

DeFi Lending Market Hits $100 Billion

Ethereum's significant price increase has propelled the decentralized finance (DeFi) lending market to surpass $100 billion. This milestone reflects the growing adoption and utilization of DeFi platforms within the crypto ecosystem.

Google Play Sets New Licensing Rules on Crypto Wallet Developers

Google Play's updated policy, effective Oct. 29, will require crypto wallet apps to meet specific licensing rules in certain countries. This move could impact non-custodial wallets in key markets like the US and EU.

A16z Crypto and Advocacy Group Call for NFT, DeFi App Safe Harbor at SEC

A16z Crypto and an advocacy group have jointly requested a "safe harbor" for certain applications under the SEC's broker-dealer registration requirements, aiming to provide regulatory clarity in the NFT and DeFi space.

MetaMask to Launch Its Dollar-Pegged Stablecoin This Week

MetaMask is gearing up to unveil its U.S. dollar-pegged stablecoin, mUSD, this week, with a full rollout expected by the end of the month. The popular crypto wallet's move to issue its own stablecoin aims to capture a share of the yield currently going to third-party issuers like Tether and Circle.

Tokenization Market Could Grow To $2 Trillion In 5 Years, Expert Says

The market for crypto-backed tokenized assets could exceed $2 trillion within five years, driven by major institutions and regulators advancing infrastructure integration, according to Ritesh Kakkad, Co-Founder of XDC Network.

Pump.fun Is Back on Top and Solana Meme Coins Are Soaring: Here’s Why

PUMP traded at its initial coin offering price of $0.004 on Wednesday, asserting market dominance for seven consecutive days, while Solana meme coins are experiencing significant gains.

US Treasuries trade on Saturday as banks join Canton blockchain settlement test

Digital Asset and a consortium of major financial institutions have completed an on-chain U.S. Treasury repo transaction on the Canton Network, involving USDC as the cash leg and tokenized Treasuries as collateral. The trade, executed on Tradeweb during the weekend, is being positioned as an industry first for enabling atomic settlement of both legs entirely on-chain within a public-permissioned institutional network.

ETH Surges to $4,700, Nearing All-Time High Amid Bitmine’s $20B Plan

Ethereum surged over 10% on Aug. 13, reaching $4,780, its highest price since November 2021, and marking a nearly 30% increase since trading below $3,600 on Aug. 6. Institutional and Analyst Outlook Ethereum (ETH) closed in on its all-time high on Aug. 13 after surging by more than 10% in 24 hours.

Bybit and FXStreet TradFi Report: Gold Poised for Breakout

Bybit issued a TradFi report highlighting gold's safe-haven appeal as investors brace for major macroeconomic events, with gold trading in a narrow range but showing potential for a decisive move amidst upcoming inflation data, tariff deadlines, and central bank policy decisions.

Liquidations don’t discourage DeFi lending but make users borrow more, new study says

A new study reveals that users who have their collateral liquidated on DeFi lending platforms like Aave actually tend to borrow more frequently, contrary to traditional financial norms. This finding comes as DeFi lending has surged to over $125 billion, indicating a unique trend in decentralized finance behavior.

Record $37T US debt and M2 money growth set stage for $132K Bitcoin

The growing US deficit and potential increase in money supply through quantitative easing could pave the way for a significant rise in Bitcoin's price, potentially reaching $132,000 by 2025. This projection highlights the interplay between macroeconomic factors and the cryptocurrency market.

Ethereum Breaks $4,500 for First Time Since 2021 as Institutional Demand Surges

Ethereum has surged past $4,500 for the first time in over three years, driven by institutional investment, corporate accumulation, and strong inflows into spot Ethereum exchange-traded funds. This milestone marks a significant moment for the second-largest cryptocurrency by market capitalization.

Bullish Raises $1.11 Billion in IPO, Valued at $5.4 Billion

Bullish, the cryptocurrency exchange operator, has successfully raised $1.11 billion in its U.S. initial public offering, exceeding expectations and reflecting strong investor demand. The IPO, led by major investment banks, positions Bullish as a prominent player in the blockchain industry.

Ethereum ETFs Record Sixth Consecutive Day of Net Inflows, Adding $524 Million

Spot Ethereum ETFs are experiencing a surge in investor interest, with a record-breaking $524 million net inflow over six consecutive days. This trend highlights growing enthusiasm for Ethereum exposure through regulated products, with BlackRock's ETHA leading the market.

Bitcoin-based Memecoin Launchpad Exploited for Over $7 Million

A Bitcoin-based memecoin launchpad has been exploited for over $7 million, indicating vulnerabilities in the crypto space. The incident raises concerns about security and highlights the need for increased caution in the decentralized finance sector.

JasmyCoin (JASMY) Surges 12% as Technical Indicators Signal Bullish Momentum

JasmyCoin (JASMY) price jumps to $0.02 with strong bullish signals from technical analysis, approaching key resistance levels on elevated volume.

CoreWeave Triples Revenue to $1.2B in Q2, Stock Tanks in After Hours Trade

CoreWeave reports a significant revenue increase in Q2 to $1.2 billion, but shares fall in after-hours trading due to lower profitability and rising costs.

Source: KLEA News