Top 5 Crypto News of the Week! (18 - 24 August)
Dear PointPay Family,
Seven days flew by unnoticed, but after them there were a lot of news and events that you definitely should hear about. We have selected the top 5 most important and interesting topics so that you can stay on the same wavelength with the cryptosphere.
Rising Interest: "Crypto" Searches Reach 2025 High
Public interest in digital assets is climbing, with Google searches for the word "crypto" hitting their highest level of the year. According to Google Trends, the surge reflects renewed attention from both newcomers and experienced investors. Historically, such spikes in search activity have coincided with stronger price movements and heightened discussion across markets and social platforms, making it a potential early signal of growing retail participation.
Bitcoin Slides Below $118K After Sudden Sell-Off
Bitcoin’s volatile run continued as the asset tumbled from above $121,000 to under $118,000 in minutes, erasing earlier gains after touching a new record high of $124,500. The drop triggered heavy liquidations across the market, with the value of closed positions nearing $1 billion. While Bitcoin quickly rebounded by around $1,500, it remains well below its peak, underscoring the turbulence faced by traders during the session.
Kraken Halts Monero Deposits Amid Network Concerns
Crypto exchange Kraken has temporarily suspended Monero deposits after a mining pool gained control of more than half of the network’s hashing power, sparking fears of a 51% attack. The incident has raised questions about the security of the privacy-focused blockchain, which is currently ranked among the top 30 cryptocurrencies by market value. The move follows reports that blocks on the network were reorganized, though the Monero community has disputed claims of a successful attack.
Norway’s Wealth Fund Expands Bitcoin Exposure Nearly Twofold
Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, has significantly increased its indirect Bitcoin exposure in 2025. The fund now holds the equivalent of 7,161 BTC—up 192% from last year—through investments in companies with large Bitcoin reserves, such as Strategy (formerly MicroStrategy) and Marathon Digital. Analysts note that this trend reflects how Bitcoin is becoming a growing presence in diversified institutional portfolios, whether by design or through equity exposure to crypto-heavy firms.
Crypto Market Pulls Back Ahead of Powell’s Jackson Hole Speech
The global crypto market cap slipped to $3.82 trillion on August 20, as investors adopted a cautious stance ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole symposium. Bitcoin fell 1.15% to $113,602, while Ethereum slid 1.43% to $4,156, alongside declines in other major altcoins. Analysts point to $650 million in liquidations over 24 hours and significant Bitcoin inflows to exchanges as signs of risk-off sentiment. Traders are bracing for higher volatility depending on Powell’s comments on interest rates and economic growth.
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