Price action was nothing short of a theatrical performance, replete with early-session melodrama that saw a sharp drop from $3.24 to $3.16 during the 07:00 hour on a rather respectable volume of 144.54 million. However, buyers bravely defended the $3.15-$3.16 zone, leading to a late-session push that waltzed past the $3.22 resistance and held above $3.24 as the curtains fell.
The Electric Enterprise of Ethiopia (EEP), ever the shrewd salesman, once hawked its surplus energy to these foreign-backed fortune seekers-cash in hand, paid in hard currency. But as the sages of the land caution, the reported consumption might well be a mirage. In truth, these crypto miners have lined the coffers with a princely $338 million in export revenue last year-a 141% leap that seems almost too good to be true. And yet, despite 20 power stations and electricity flowing to neighbors like Kenya and Djibouti, only about half the Ethiopians even know what it means to flip a switch. The awaited Grand Ethiopian Renaissance Dam (GERD), promising a torrent of 5,000 megawatts, still dangles before a nation that must first string together the steel sinews of a modern transmission network. In this unfolding saga, progress and prudence dance a precarious tango, leaving one to smirk at the age-old twist: in the quest for power, sometimes the power you need is the very thing you risk losing. 😏
White House Crypto Council Executive Director Bo Hines announced on the social media platform X on Aug. 9, 2025, that he will step down from his role and return to the private sector. “Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar David Sacks as Executive Director of the White House Crypto Council has been the honor of a lifetime,” Hines stated, elaborating:
It appears that Humanity Protocol has, at long last, thrown its hat into the ring. Its mainnet launch is nothing short of a grand fête, uniting one’s traditional Web2 credentials with the avant-garde Web3 services in a seamless and-dare I say-elegant fashion. Underpinned by the ingenious zero-knowledge Transport Layer Security, this integration allows one to demonstrate one’s identity without a single personal detail slipping through the cracks. A revolution in discretion, if ever there was one!
Niklas Kunkel, the mastermind behind Chronicle, dished the tea to CoinDesk about oracles. They used to be your run-of-the-mill price feeds, but now-thanks to Kunkel’s insights-they’re evolving into something far more intoxicating. Because who needs a one-dimensional data feed when you can have a full-blown, context-loaded risk management system? 🔮
After putting the kibosh on the hype around Ethereum’s NFT Torch, Beeple decides to crank up the drama in the digital collectibles scene. I mean, who needs a soap opera when you have this guy? 🙄
As the banking partner of the Sui Foundation, Sygnum has woven SUI into its regulated banking tapestry, offering a range of services from custody to trading and even staking. The launch of SUI staking in August is like a romantic novel, promising yield-generating opportunities for those who hold the token, followed by Lombard loans to add a dash of liquidity to the mix. 🌟
By the end of August 2025, Ukraine’s parliament will debate a bill that’s equal parts regulation and theater. The goal? To legally protect crypto owners while pretending to care about their rights. Because nothing says “protection” like a 10% tax and a government that knows exactly how many Dogecoins you own. The EU’s MiCA regulation is the new shiny toy, and Ukraine’s just trying to keep up without getting slapped with sanctions. 🎪📜
On August 9, Nate Geraci, president of The ETF Store-whose title is perhaps more majestic than his actual store-made a proclamation on X (the platform formerly known as Twitter, where pontification requires no license). According to him, the futures-based ETFs for Solana and XRP had seduced over $1 billion in capital. Their public debut in America was only months ago, barely time for a babushka to knit her second pair of socks. Naturally, investors were drawn to “futures contracts”-which are like promising to marry a suitcase of dollars next spring, unless inflation elopes with your prospects.
According to the report (aka the police, who always have the best intel), these five masked maestros were as coordinated as a Broadway chorus line-except with more violence and less jazz hands. They caught our poor victim unawares and, threatening her with what we can only imagine was a baguette of terror, they beat her and ran. The hard drive? Gone! That’s like losing the crown jewels to a band of digital pirates with a grudge and no manners. 🤺
