Market Update & Institutional Moves - August 15, 2025

🤔 Google Goes Bitcoin Mining

By Rug Radio Faces of Web3
Aug 28, 2025, 2:04 PM
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Major cryptocurrencies declined up to 5% with BTC trading at $117.​3K.​ ETH ETFs continued strong performance with $639.​4M in inflows.​

Key developments:

  • MetaMask launched travel card offering up to 60% off and 7% cashback
  • Hyperliquid reached new ATH: $29B volume, $7.​7B fees
  • Google acquired 8% stake in Bitcoin miner TeraWulf
  • Abu Dhabi sovereign wealth fund disclosed $534M BTC ETF position
  • Citigroup exploring crypto custody services

Notable NFT sale: Ether rock sold for 135 ETH (~$606K)

Regulatory updates:

  • Lummis pushing Bitcoin Act
  • Bessent backtracked on US strategic BTC reserve comments
Sources

What's new? 🔹Crypto majors continue upward; BTC at $109K 🔹BTC records highest daily close ever 🔹More Americans now own BTC than gold 🔹Texas passes its Bitcoin Strategic Reserve bill 🔹Argentina dismantles Libra scandal task force 🔹Solana’s new ‘Alpenglow’ upgrade aims for

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What's new? 🔹Crypto majors rebound; BTC at $119.7K 🔹ETH leads majors, up 7% at $3.3K 🔹Cantor Fitzgerald close to $4B SPAC deal with Adam Back to buy BTC 🔹DOJ drops Polymarket investigation 🔹PUMP team does $20M in surprise buybacks, token pumps 15% 🔹SharpLink Gaming becomes

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What's new? 🔹Crypto majors soar on US China trade progress; BTC at 96.6K 🔹Bitcoin dominance hits new 4-year high above 65% 🔹FOMC decision today, rate cuts odds only 3% 🔹New Hampshire passes 1st-ever Bitcoin Strategic Reserve 🔹@Citi reveals plans to bring pre-IPO private

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What's new? 🔹Crypto majors up 1-3%; BTC at $115K 🔹SEC greenlights liquid staking, says not securities 🔹Stablecoin usage hits new ATH of $1.5B in July 🔹@SharpLinkGaming adds 83,561 ETH in past week, now holds $1.9B 🔹Pump Fun re-flips LetsBonk in volume, market share; Pump

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Read more about Rug Radio Faces of Web3

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Key market updates for December 21, 2024: - $HYPE token reaches $9B market capitalization, continuing its upward trend - Ripple announces $5M XRP donation to Trump's inaugural fund according to Fox - *BlackRock CEO Larry Fink frames crypto as digital gold alternative* - MetaMask expands pilot testing of crypto payment card across US markets This follows recent developments including Bitcoin's new ATH of $106.6k and significant movements in the memecoin sector. MetaMask's payment card expansion signals growing mainstream adoption of crypto payment solutions.

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