Bitcoin and Ether exchange-traded funds (ETFs) closed last week in roaring form, attracting a combined $865 million in fresh capital. Bitcoin notched its third consecutive inflow day, while ether extended its winning streak to four. Institutional Demand Soars As BTC ETFs Pull $404 Million, ETH ETFs Hit $461 Million The past week ended with fireworks
BitcoinWorld Crucial Do Kwon Plea: A Pivotal Shift in Crypto Legal Battles The cryptocurrency world is buzzing with anticipation as a significant development unfolds in the legal saga surrounding Terraform Labs founder, Do Kwon. Recent court filings suggest a potential change in his legal strategy, indicating that a Do Kwon plea alteration may be on the horizon. This is a crucial moment for those following the high-profile case, as it could signal a major turning point in the legal proceedings against him. What’s Happening with the Do Kwon Plea? Judge Paul Engelmayer of the Southern District of New York recently outlined in a court filing that Terraform Labs founder Do Kwon might file an amended plea as early as Tuesday. This suggests a potential shift from his previous ‘not guilty’ stance. In January, Kwon pleaded not guilty to nine felony counts, but the latest directive from the judge points towards a re-evaluation of his defense. The judge ordered Kwon and prosecutors to appear in court. This move often precedes a formal change in a defendant’s plea. A change could mean pleading guilty to some or all of the charges. This development is particularly noteworthy given the gravity of the charges Kwon faces, stemming from the collapse of the Terra-Luna ecosystem. The eyes of the entire crypto community are now firmly fixed on the courtroom, awaiting further clarity on this pivotal moment. Understanding the Terraform Labs Legal Challenges Do Kwon’s legal troubles are deeply intertwined with the spectacular collapse of Terraform Labs’ TerraUSD (UST) stablecoin and Luna (LUNA) cryptocurrency in May 2022. This event wiped out billions of dollars in market value and left countless investors with significant losses. Consequently, Kwon faces a litany of charges, including: Conspiracy to commit wire fraud. Conspiracy to commit commodities fraud. Conspiracy to commit securities fraud. Conspiracy to commit money laundering. Multiple counts of wire fraud, commodities fraud, and securities fraud. These charges highlight the serious allegations of deceptive practices and financial misconduct leveled against him. The Terraform Labs legal battles have become a landmark case, setting precedents for how regulatory bodies might approach future crypto-related incidents. Why the Potential Shift in Do Kwon’s Charges? A defendant’s decision to change a plea from ‘not guilty’ to ‘guilty’ or ‘no contest’ is a complex legal strategy. It often occurs after extensive negotiations between the defense and prosecution, known as a plea bargain. In such an agreement, a defendant might plead guilty to fewer or lesser charges in exchange for a potentially reduced sentence or other concessions. For Do Kwon, a plea change could be influenced by several factors: Evidence presented by prosecutors: Strong evidence might prompt a re-evaluation of defense viability. Desire to avoid a lengthy trial: Trials are costly, time-consuming, and carry inherent risks. Seeking a more lenient sentence: A plea agreement might offer a more predictable outcome than a jury trial. The potential change in Do Kwon’s charges is a significant indicator that a resolution, at least in the U.S. case, might be closer than previously anticipated. What Does This Mean for Crypto Legal News? The unfolding events in the Do Kwon case are undoubtedly a focal point in the broader landscape of crypto legal news . This case, alongside others involving prominent figures in the digital asset space, underscores the increasing scrutiny from regulators worldwide. The outcome of Do Kwon’s legal proceedings could have far-reaching implications, influencing: Future enforcement actions against crypto projects. The legal framework for stablecoins and decentralized finance (DeFi). Investor protection measures in the crypto market. This situation serves as a stark reminder of the evolving regulatory environment and the heightened focus on accountability within the crypto industry. Every new development, including this potential Do Kwon update , contributes to shaping the future of crypto regulation. The next few days will be critical as the legal process unfolds. The potential change in Do Kwon’s plea could mark a definitive turning point, not just for him personally, but for the ongoing dialogue between innovation and regulation in the digital asset space. The crypto community will be watching closely to understand the full ramifications of this pivotal development. Frequently Asked Questions (FAQs) What is the significance of Do Kwon potentially changing his plea? A change of plea often indicates a plea bargain, where a defendant agrees to plead guilty to some or all charges in exchange for concessions, such as a reduced sentence. It suggests a potential shift in legal strategy and could expedite the resolution of the case. What are the main charges Do Kwon faces? Do Kwon faces nine felony counts, including conspiracy to commit wire fraud, commodities fraud, and securities fraud, as well as multiple counts of actual wire fraud, commodities fraud, and securities fraud, and conspiracy to commit money laundering. How does this Do Kwon plea development impact Terraform Labs? While Do Kwon is the primary focus of this specific legal action, his actions and the outcome of his case directly impact the perception and ongoing legal status of Terraform Labs. It could influence civil lawsuits and regulatory actions against the company itself. Will this case set a precedent for future crypto regulations? Yes, high-profile cases like Do Kwon’s are closely watched by regulators globally. The outcome, especially regarding the classification of digital assets and accountability for project failures, could significantly influence future regulatory frameworks and enforcement strategies in the crypto space. Where is Do Kwon currently located? Do Kwon was recently extradited from Montenegro to South Korea, where he also faces charges. The U.S. legal proceedings are ongoing, and his appearance in the Southern District of New York is part of this process. If you found this article insightful, consider sharing it with your network! Stay informed about the latest developments in crypto law and market movements by sharing on your favorite social media platforms. To learn more about the latest crypto market trends, explore our article on key developments shaping crypto regulation worldwide . This post Crucial Do Kwon Plea: A Pivotal Shift in Crypto Legal Battles first appeared on BitcoinWorld and is written by Editorial Team
Do Kwon, the mastermind behind the collapsed Terra crypto project, is expected to plead guilty on Tuesday, court docs show.
BitcoinWorld Bitcoin Price Drop: Crucial Insights as BTC Dips Below $119,000 The cryptocurrency world is buzzing with recent news: a notable Bitcoin price drop has occurred, with the digital asset dipping below the significant $119,000 mark. This movement has certainly captured the attention of traders and investors alike, prompting many to reassess their strategies. According to real-time market monitoring from Bitcoin World, BTC is currently trading at $118,900.01 on the robust Binance USDT market, confirming this immediate shift. Understanding the Recent Bitcoin Price Drop: What Happened? When the price of Bitcoin moves, even slightly, it often triggers a ripple effect across the entire digital asset ecosystem. This particular Bitcoin price drop , while not a catastrophic crash, represents a significant point for market observers. It highlights the dynamic nature of cryptocurrency valuations, which can shift rapidly based on a multitude of factors. It is important to remember that such fluctuations are a common characteristic of the crypto space. Market participants often see these moments as opportunities to either consolidate positions or adjust their portfolios based on their long-term outlook. This dip serves as a reminder of the constant vigilance required in this fast-paced environment. Decoding BTC Market Analysis: What’s Driving the Dip? A thorough BTC market analysis reveals that several elements can contribute to price movements like the one we are witnessing. While pinpointing a single cause is often challenging, analysts typically consider a range of possibilities: Profit-Taking: After periods of upward movement, some investors may sell off their holdings to realize gains, leading to temporary price corrections. Macroeconomic Factors: Broader economic news, such as inflation data or interest rate changes, can influence investor sentiment towards riskier assets like Bitcoin. Regulatory Speculation: Unconfirmed rumors or new regulatory proposals from governments worldwide can introduce uncertainty, causing investors to become cautious. Whale Movements: Large transactions by significant holders (often called ‘whales’) can impact market liquidity and price. These factors collectively contribute to the inherent crypto volatility that defines the market, making detailed analysis crucial for informed decisions. Navigating the Cryptocurrency Market Amidst Volatility The broader cryptocurrency market often follows Bitcoin’s lead. When BTC experiences a significant move, whether up or down, altcoins tend to react in kind. This interconnectedness means that a Bitcoin price dip can create a wave of caution or opportunity across various digital assets. For those new to the space, understanding this dynamic is key to navigating periods of heightened price swings. Periods of volatility, while sometimes unsettling, are also part of the market’s natural cycle. Experienced participants often view these moments as chances to re-evaluate their investment theses and potentially acquire assets at more favorable prices. However, this requires a disciplined approach and a clear understanding of personal risk tolerance. Strategic Approaches to Bitcoin Trading in a Downturn For individuals engaged in Bitcoin trading , a price downturn presents a unique set of considerations. Rather than reacting impulsively, a strategic approach can help manage risk and potentially capitalize on future recoveries. Here are some actionable insights: Do Your Own Research (DYOR): Always verify information and understand the fundamentals of any asset before making investment decisions. Dollar-Cost Averaging (DCA): Consider investing a fixed amount regularly, regardless of price. This strategy can average out your purchase price over time, mitigating the impact of volatility. HODL Mentality: For long-term investors, holding onto assets through market dips is a common strategy, believing in Bitcoin’s long-term growth potential. Risk Management: Never invest more than you can afford to lose. Diversifying your portfolio can also help spread risk. Staying informed about market trends and expert BTC market analysis is vital for making sound trading decisions, especially during periods of increased crypto volatility . A Resilient Outlook for the Cryptocurrency Market While the recent Bitcoin price drop below $119,000 has undoubtedly garnered attention, it is important to view such events within the broader context of the digital asset space. The cryptocurrency market has a proven track record of resilience, often recovering from significant downturns. For both seasoned investors and newcomers, understanding the underlying factors, practicing sound risk management, and maintaining a long-term perspective are paramount. The journey of Bitcoin, and indeed the entire crypto ecosystem, is marked by dynamic shifts, and informed participation remains the best strategy. Frequently Asked Questions (FAQs) Q1: What does the recent Bitcoin price drop mean for my investments? A1: A price drop like this is a normal part of market cycles. For existing investors, it might mean a temporary decrease in portfolio value. For potential investors, it could present an opportunity to buy at a lower price, depending on your strategy. Q2: Is this a sign that Bitcoin is failing? A2: Not necessarily. Bitcoin and the broader cryptocurrency market are known for their high crypto volatility . Price corrections are common and do not automatically signal a failure. Historically, Bitcoin has recovered from many significant dips. Q3: What factors contribute to a Bitcoin price drop? A3: Factors can include profit-taking by large holders, macroeconomic news (like inflation or interest rates), regulatory developments, and shifts in investor sentiment. Comprehensive BTC market analysis often points to a combination of these elements. Q4: Should I sell my Bitcoin now? A4: This is not financial advice. Your decision should align with your personal financial goals and risk tolerance. Many long-term investors adopt a ‘HODL’ strategy, while others might use dollar-cost averaging to buy more during dips. Always conduct your own research. Q5: How can I stay informed about future Bitcoin price movements? A5: To stay informed, follow reputable cryptocurrency news outlets, engage with expert BTC market analysis , and monitor market data from reliable platforms. Continuous learning is key in the dynamic world of Bitcoin trading . If you found this analysis helpful, please consider sharing it with your network! Spreading knowledge helps everyone navigate the exciting and sometimes challenging world of cryptocurrency. Your support helps us continue to provide valuable insights. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action . This post Bitcoin Price Drop: Crucial Insights as BTC Dips Below $119,000 first appeared on BitcoinWorld and is written by Editorial Team
Dogecoin (DOGE) and Pepe Coin (PEPE) are two meme coin giants that continue to dominate long-term trader portfolios, but there’s a new challenger grabbing headlines and liquidity: BlockSACK (BSACK). While traders keep faith in Dogecoin (DOGE) and Pepe Coin (PEPE) for another meme wave, BlockSACK (BSACK) is proving it can deliver aggressive instant results through utility, innovation, and viral momentum on Base Layer 2. BlockSACK (BSACK): Delivering Fast Results on Base Layer 2 BlockSACK (BSACK) is making noise as the only meme coin presale offering immediate results: fast staking rewards, on-chain gaming, NFT minting, referral bonuses, and a viral Base-native ecosystem. As Dogecoin (DOGE) and Pepe Coin (PEPE) move sideways or consolidate, BlockSACK (BSACK) is surging forward, offering early investors nearly 10x potential from presale price to launch. Traders tired of waiting for Dogecoin (DOGE) or Pepe Coin (PEPE) to break out are rotating into BlockSACK (BSACK) for aggressive instant returns. The community is growing fast, the roadmap is packed, and the presale stages are limited—making now the time to act. Dogecoin (DOGE): At a Tipping Point Dogecoin (DOGE) has seen renewed bullish moves above $0.2120 and $0.2320, even touching $0.2873 before a recent pullback. The trend line at $0.1950 and the $0.1880 support remain crucial—break below, and Dogecoin (DOGE) could see sharp losses toward $0.1780, $0.1550, or $0.1440. To recover, Dogecoin (DOGE) needs to push above $0.2150 and $0.2320, with upside targets at $0.2880 and $0.32. For now, Dogecoin (DOGE) is consolidating and testing key support, but instant gains are elusive. Pepe Coin (PEPE): Momentum Waning as Traders Seek Alternatives Pepe Coin (PEPE) continues to draw attention, but its price is stuck after a massive drop from the $7.8 billion market cap high to $4.44 billion. Trading volumes have plummeted 90%, and the technical outlook shows critical support at $4 billion. If Pepe Coin (PEPE) loses this level, a downward slide could accelerate. While Pepe Coin (PEPE) remains in many long positions, traders are increasingly looking for new narratives and aggressive returns. Why BlockSACK (BSACK) Over Dogecoin (DOGE) and Pepe Coin (PEPE)? Dogecoin (DOGE) and Pepe Coin (PEPE) have legacy and brand power, but lack the innovation and reward mechanics that BlockSACK (BSACK) delivers. With staking, NFTs, a DEX, and a meme-powered AI assistant, BlockSACK (BSACK) is built for the next meme coin wave—and is already giving traders the results they want. Conclusion: For Aggressive Meme Coin Results, BlockSACK (BSACK) Leads Dogecoin (DOGE) and Pepe Coin (PEPE) still have their fans, but in a market hunting for the next explosive move, BlockSACK (BSACK) is the clear frontrunner. Don’t settle for sideways—join the presale and ride the next instant meme coin wave with BlockSACK (BSACK) . Join the BlockSACK Presale: Website: blocksack.world Telegram: t.me/blocksackportal X (Twitter): x.com/blocksack
The pace of profit-taking by veteran Bitcoin (BTC) holders has cooled off in August as they resist selling, signaling a shift in market dynamics after a record-breaking July. Data shared by on-chain analytics platform Glassnode shows realized profits by long-term holders, measured over a seven-day moving average, have dipped sharply from July’s $1 billion per day streak, which had marked one of the heaviest selling periods in the asset’s history. Long-Term Holders Dig In After Historic Profit Run According to Glassnode, unlike the profit-taking waves between November and December 2024, which were dominated by short-term holders who had bought BTC six to twelve months before, the latest activity is being led by long-term holders, especially those who’ve been hoarding the OG cryptocurrency since the 2020-2022 cycle. These three-to-five-year investors are now realizing gains, while the rest appear content to ride out current price levels, despite it hovering near the all-time high of $123,091 set just weeks ago. On-chain indicators are also pointing to changing market composition. Recent CryptoQuant data revealed an increase in smaller, retail-sized orders dominating BTC futures activity, with the number of institutional-sized whale trades dropping since late Q2 2025. While in previous cycles, markets dominated near their peaks by heavyweight buyers were often seen as signs of distribution phases, the current retail-heavy structure could allow prices to test new highs unless a renewed wave of large holders offloads their positions. Meanwhile, network growth remains strong. Earlier today, analyst Ali Martinez tweeted that more than 364,000 new BTC addresses were created daily last week. He said that it was the highest figure in a year, suggesting fresh retail participation even as institutional flows momentarily taper off. Cooling Momentum? Looking at the market, at the time of this writing, BTC was changing hands for about $121,224, up a modest 2.6% in the last 24 hours and a more solid 5.9% over seven days, after briefly surpassing $122,000 in intraday moves. While the uptick is a more impressive 97.9% year-on-year, zooming in shows BTC’s momentum softening compared to its July surge. In the last two weeks, the number one crypto rose by a modest 1.9%, with the improvement over 30 days being just 2.6%. The cooling narrative is strengthened by recent market metrics, with CryptoQuant’s Bull Score Index falling from 80 to 60 on August 10, suggesting a slowdown in the bullish phase. Additionally, stablecoin inflows have gone down, a likely indicator that there is little capital coming into crypto at the moment. The post Bitcoin Profit-Taking Slows as Long-Term Holders Hold Steady in August appeared first on CryptoPotato .
Paxos Trust Company, the cryptocurrency firm behind PayPal’s stablecoin, has applied to become a national trust bank in the United States. This move places the company among several digital asset firms aiming to strengthen their presence in the traditional banking system. If the U.S. Office of the Comptroller of the Currency (OCC) approves the application, Paxos would be allowed to hold and manage customer assets under federal oversight and process payments more efficiently. The license would not allow the company to accept traditional cash deposits or issue loans, distinguishing it from conventional banks. The firm currently operates under a limited-purpose trust charter granted by the New York Department of Financial Services. If the national charter is approved, Paxos would shift to a federal charter overseen by the OCC. According to a Reuters’ source familiar with the plans, this change would not alter Paxos’s business model but would provide the “highest level of regulatory oversight,” which the source said carries significant weight both in the U.S. and internationally. This is not Paxos’s first attempt to obtain such a license. The company first applied for a national trust bank charter in 2020 and received preliminary conditional approval from the OCC in 2021. However, the process stalled, and the application expired in 2023. Paxos joins Circle and Ripple in push for OCC approval Currently, Anchorage Digital is the only digital asset company holding an active national trust bank charter. The OCC’s decision on Paxos comes as other firms are also seeking the same status . Last month, stablecoin issuer Circle and cryptocurrency company Ripple submitted their own applications. Paxos provides blockchain infrastructure and stablecoin solutions for businesses. It also issues several stablecoins directly, including PayPal’s PYUSD, which currently has a market capitalization of more than $1 billion. Stablecoins are a type of cryptocurrency designed to maintain a consistent value, most often pegged to the U.S. dollar at a one-to-one ratio. They have become an important tool for cryptocurrency traders moving between tokens and are increasingly seen as a method for near-instant payment transfers. Their adoption has grown rapidly, and the sector recently saw a major regulatory development. In July, U.S. President Donald Trump signed a law establishing a federal framework for stablecoins. Supporters say the measure could help integrate them into everyday payments and money transfers. The legislation followed years of lobbying by the cryptocurrency industry, which, according to Federal Election Commission data, contributed more than $245 million to pro-crypto candidates, including Trump, during last year’s election cycle. Past partnership with Binance under scrutiny Paxos has previously collaborated with major players in the digital asset industry. It partnered with Binance, the world’s largest cryptocurrency exchange, to develop and distribute the Binance USD stablecoin. That relationship has remained under regulatory scrutiny. Last week, Cryptopolitan reported that Paxos agreed to a $48.5 million settlement with New York regulators over claims that it failed to sufficiently monitor for illegal activities linked to Binance. This followed a broader enforcement action in which Binance’s former chief executive admitted to violating U.S. anti-money laundering laws, resulting in a $4.3 billion settlement in 2023. The OCC’s decision on Paxos’s application will determine whether the company joins Anchorage Digital as one of the few digital asset firms with a federal trust bank charter. For Paxos, the license could offer increased legitimacy and regulatory oversight while maintaining its focus on blockchain services and stablecoin issuance. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
Crypto commentator, SMQKE, has shared a provocative insight from a recent Bank Negara Malaysia (BNM) working paper: “Private tokens such as XRP may be widely used as means of payment outside the banking system in the future, replacing CIC or bank deposits.” The post went viral on X, underlining growing interest in how digital tokens might evolve as alternatives to conventional deposit systems. SMQKE’s timely highlight focused attention on Malaysia’s pioneering exploration of tokenized financial instruments. From Working Paper to Wider Discourse The quote originates from BNM’s working paper (WP3/2025), Fundamentals of Modern Money and its Application to Central Bank Digital Currency (CBDC): An Exploratory Shariah Analysis. This in-depth study explores modern money as a social construct supported by balance-sheet conventions and evaluates whether privately issued tokens could one day function similarly to bank deposits. JULY 2025 — CENTRAL BANK OF MALAYSIA REPORT CLAIMS XRP MAY REPLACE BANK DEPOSITS AS BITCOIN AND ETHEREUM DEEMED UNSUITABLE FOR PAYMENT SYSTEMS “Private tokens such as XRP may be widely used as means of payment outside the banking system in the future, replacing CIC or bank… pic.twitter.com/WhAUYbhQdw — SMQKE (@SMQKEDQG) August 11, 2025 The authors carefully map out legal, Shariah, and prudential dimensions, indicating that while tokens like XRP possess compelling features , regulatory and religious compliance frameworks must be fully addressed before any practical implementation. Why XRP Appeals BNM’s mention of XRP is strategic. The XRP Ledger is engineered for low-cost, high-throughput payments and near-instant settlement—attributes that align closely with the characteristics expected of payment-grade tokens. These technical strengths make XRP an apt example of how private tokens, under certain conditions, might emulate or complement bank deposits in everyday transactions. Bitcoin & Ethereum: A Contrast The paper draws a deliberate contrast between XRP and more established cryptocurrencies such as Bitcoin and Ethereum. While these prominent tokens serve as store-of-value assets with strong decentralization, their high price volatility, limited throughput, and consensus mechanisms make them less suited for routine payments or scalable settlement rails. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This rationale underpins BNM’s classification of Bitcoin and Ethereum as “unsuitable payment instruments,” especially compared to optimized alternatives like XRP. Understanding the Implications It is crucial to interpret BNM’s working paper as exploratory, not prescriptive. Although the research signals openness to examining private token use cases, BNM has not enacted any policy changes. Central banks must balance innovation with monetary stability—the potential risk of deposit disintermediation and its impact on monetary control remains paramount. Yet, BNM’s inquiry places Malaysia among a select group of central banks actively assessing private digital tokens as part of future payment architecture. What’s Next for Malaysia The working paper lays the groundwork for future collaboration. Possible avenues include pilot programs for tokenized payments, CBDC integration studies, and Shariah-compliant regulatory frameworks. Any practical adoption would require layered steps—from legal reforms to consumer protection measures—before tokens like XRP could meaningfully complement or replicate bank deposit systems. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Central Bank of Malaysia Touts XRP Use Cases As Bank Deposits Replacement appeared first on Times Tabloid .
The anticipated ETF approval spurs investor optimism amid current XRP Coin challenges. Analysts target $3.60 for XRP, contingent on breaching key resistance levels. Continue Reading: XRP Coin Eyes Key Milestones with Potential ETF Approval The post XRP Coin Eyes Key Milestones with Potential ETF Approval appeared first on COINTURK NEWS .