KLEA Crypto Daily: Thursday, August 14, 2025

Published: August 15, 2025 – 00:03 UTC

Here’s a look back at the key stories from August 14, 2025.

Sale: Etherrock #26 Sold for 135 $ETH (~$607K)

Etherrock #26 was sold for 135 $ETH, equivalent to approximately $607,000, marking a significant transaction in the NFT space.

Coinbase Finalizes Deribit Acquisition to Lead Global Crypto Derivatives Market

Coinbase has completed the acquisition of Deribit, a major crypto options exchange, solidifying its position as a dominant player in the crypto derivatives market by combining spot, futures, and options trading under one platform.

Executive Order Seeks to Expand Access to Crypto and Private Investments in Defined-Contribution Plans

President Trump issued an executive order to expand access to alternative asset investments in retirement plans, including digital assets like cryptocurrency. The order aims to provide participants with opportunities to invest in private companies, real estate, and more.

MetaMask Users Get 50% Lower USDC Fees via Coinbase–Mercuryo Deal

Coinbase's partnership with Mercuryo will reduce on-ramp fees for MetaMask users holding USD Coin (USDC) on the Ethereum Layer 2 network by approximately 50%. This move is expected to enhance stablecoin adoption and comes amidst regulatory clarity in the U.S. crypto space.

Bitcoin Tumbles as Markets Reel, in the Wake of Gloomy Inflation Data

The price of Bitcoin plummeted following the release of record inflation metrics by the U.S. Bureau of Labor Statistics, causing a significant market reaction.

Four people who ransomed Brazilian mother for Bitcoin arrested: reports

Reports indicate that four individuals involved in a Bitcoin ransom scheme targeting a Brazilian mother have been apprehended, shedding light on the risks associated with cryptocurrency-related crimes.

TeraWulf secures $3.7B AI hosting deal backed by Google, shares soar

TeraWulf's $3.7 billion AI hosting deal, supported by Google, marks a significant pivot for the Bitcoin miner into AI infrastructure hosting, with a decade-long colocation agreement with Fluidstack. This move has led to a surge in shares.

US Sanctions Russia’s Crypto Exchange, Executives Over $100 Million in Illicit Transactions

The US Treasury Department has re-designated Moscow-based cryptocurrency exchange Garantex and sanctioned its successor, Grinex, along with executives and associated companies for processing over $100 million in illicit transactions since 2019, including funds tied to ransomware attacks and darknet markets.

GMX to Distribute $44 Million to Users After July Exploit

Decentralized derivatives exchange GMX will compensate users impacted by a $42 million exploit with $44 million in assets, distributed in a new liquidity vault token called GLV. The exploit, caused by a bug in GMX V1, allowed an attacker to manipulate calculations and withdraw funds.

BtcTurk Suspends Withdrawals After $49 Million in Suspicious Transfers

BtcTurk has halted withdrawals following suspicious transfers totaling $49 million, sparking concerns of a potential hack. This incident marks a significant security breach for the Turkish crypto exchange, impacting over five million users.

Bitcoin Flash Crash Triggers $577 Million Liquidation

Bitcoin experienced a sudden 5% flash crash, dropping below $120,000 just after reaching a new all-time high above $124,000. The sharp decline led to a $577 million liquidation in just one hour across the broader crypto market.

Vietnam Police Bust Billion-Dollar Crypto Ponzi Ring Behind Paynet Coin Scam

Vietnam's police have arrested 20 people in the country's largest crypto scam, a multibillion-dollar Ponzi scheme centered around Paynet Coin.

Ether ETFs Land Second-Biggest Inflow Ever With $729 Million Entry

Ether exchange-traded funds (ETFs) saw their second-highest single-day inflow at $729.14 million, while bitcoin ETFs marked a sixth consecutive day of gains with $86.91 million in net inflows, setting new records in trading volumes and net assets.

Bitcoin Breaks New Record as Analysts Anticipate Surge to $200,000

Bitcoin surged to a new record trading at $124,529 on Coinbase, with analysts predicting another all-time high. The recent executive order by US President Donald Trump to allow Bitcoin in retirement plans could open up a $12.5 trillion market for digital assets, potentially driving the price towards $150,000 and beyond.

US Banks Warn of $6.6 Trillion Shift to Stablecoins Amid GENIUS Act Debate

A coalition of US banking groups has raised concerns about potential outflows of up to $6.6 trillion from the banking sector to digital assets due to a critical oversight in the recently passed GENIUS Act stablecoin bill. This shift could impact lending capacity, interest rates, and borrowing costs for US businesses and households, urging Congress to address the issue.

Coinbase Loses $300k to Rogue MEV Bots

Coinbase suffered a loss of $300,000 to MEV bots due to a misconfiguration involving 0xProject’s token swap platform. The oversight allowed MEV bots to drain Coinbase’s fee receiver account of all accumulated tokens.

Little Pepe’s Meme Presale Reaches $19,325,000 With Stage 10 Now Sold Out

Little Pepe ($LILPEPE) has achieved a significant milestone by selling out Stage 10 of its presale, securing a total of $19,325,000 in funding. This success highlights the overwhelming market demand and positions Little Pepe as one of the biggest meme coin launches of 2025.

Source: KLEA News