KLEA Crypto Daily: Tuesday, August 26, 2025

Published: August 27, 2025 – 00:03 UTC

Here’s a look back at the key stories from August 26, 2025.

AI Hedge Fund Numerai Secures Up to $500 Million Backing From JPMorgan

Numerai, the San Francisco-based hedge fund combining AI and crowdsourced data science, has secured a commitment of up to $500 million from JPMorgan Asset Management. This deal could significantly increase Numerai's assets and highlights Wall Street's growing interest in crypto-adjacent quantitative strategies.

Ripple CEO Endorses XRP Card With Fire—Says ‘What a Time to Be Alive, XRP Family’

Ripple's CEO endorses Gemini’s new XRP-branded credit card offering 4% crypto rewards, sparking interest across the digital asset landscape. This move signifies XRP's push into mainstream adoption and the increasing integration of cryptocurrencies into everyday financial products.

Commerce Department Will Put Economic Data ‘on the Blockchain’: Howard Lutnick

The Commerce Secretary announced plans to publish GDP data on the blockchain for transparent and tamper-resistant distribution of economic metrics.

CME Group announces XRP futures fastest contract to cross $1 billion open interest

XRP futures on CME Group became the quickest contract in the platform's history to surpass $1 billion in open interest, achieving this milestone in just over three months, signaling strong demand for regulated XRP exposure.

Crypto Trader Alleges MEXC Demanded a Trip to Malaysia to Unlock $3.1M

A cryptocurrency trader known as “The White Whale” has accused MEXC of locking up $3.1 million in their account and demanding a trip to Malaysia to unlock the assets. This unusual request has sparked concerns about compliance practices and trader safety on centralized exchanges.

SharpLink’s $360 million ETH Binge Fuels Speculation on What Comes Next

SharpLink has aggressively accumulated 56,533 ETH, raising its total holdings to 797,704 ETH with a market value of nearly $3.7 billion, positioning itself as the second-largest corporate holder of Ethereum.

Trump Media, Yorkville, and Crypto.com Join Forces to Launch $1 Billion CRO Treasury

Trump Media, Yorkville Acquisition Corp., and Crypto.com are merging to form Trump Media Group CRO Strategy, Inc., a $1 billion digital asset treasury dedicated to CRO, the native token of Cronos.

Bitcoin Derivatives Stack Swells to $135.76 Billion

Bitcoin's derivatives market has ballooned to $135.76 billion in open interest across futures and options, with Bitcoin futures open interest totaling $81.54 billion. This surge comes as Bitcoin's price remains stable between $109,214 and $110,356 on August 26.

Peter Schiff Predicts Bitcoin Could Sink to $75,000: ‘Sell Now, Buy Back Lower’

Prominent Bitcoin critic Peter Schiff has once again sounded the alarm, calling for Bitcoin to potentially drop toward $75,000 — below Strategy’s average cost price. Schiff highlighted downside risk despite strong hype and corporate accumulation, suggesting holders should consider selling now and buying back at lower levels.

Traders pour over $5bn into bearish Bitcoin bets as deadline called the ‘heaviest of 2025' approaches

Traders are skeptical about Bitcoin's ability to reach its all-time high, with over $5 billion invested in bearish bets as a significant deadline approaches, indicating a lack of confidence in the cryptocurrency's short-term performance.

Bitcoin ETFs post $219 million rebound while Ethereum funds attract twice the inflows

Spot Bitcoin ETFs in the US saw a positive shift with $219 million in inflows after a week of withdrawals, led by major players like Fidelity, BlackRock, and Ark 21Shares. Meanwhile, Ethereum funds attracted double the inflows compared to Bitcoin, signaling continued interest in the altcoin.

Solana, BNB, Ethereum to Get $1.75B Injection as Global Companies Accelerate Crypto Treasury Buys

More companies worldwide are rushing to add digital assets to their treasuries even as the market retraces. $1.75 billion will be allocated across BNB, Solana, and Ethereum to public companies in the United States, Hong Kong, and China.

Elon Musk Sues Apple, OpenAI Over iPhone AI ‘Monopoly’

The lawsuit claims Apple and OpenAI’s exclusive iPhone AI deal locks out rivals from 80% of the chatbot market.

Sharps Technology Targets Largest Solana Treasury in $400 Million Private Offering

Sharps Technology is planning a $400 million private placement to become one of the largest corporate holders of SOL, focusing on a solana-focused digital asset treasury strategy. This move aligns with solana's rapid growth and institutional adoption.

Gemini Surpasses Coinbase on App Store Charts After XRP Mastercard Launch

Despite reporting higher trading volumes, Gemini has surpassed Coinbase on the US Apple App Store's finance category following the launch of an XRP Mastercard. This shift highlights the impact of the new product launch on user engagement and app store rankings.

Source: KLEA News