It’s August 7, 2025, and the crypto market is buzzing with fresh developments that could shape your next trade or investment. From Bitcoin’s drop below $119K to new altcoin surges and regulatory shifts, today’s news is packed with insights for traders, HODLers, and blockchain enthusiasts. I’ve scoured top sources like CoinMarketCap, CoinDesk, Cointelegraph, The Block, and posts on X to bring you a lively, easy-to-read roundup of the top 20 crypto news highlights for August 7, 2025. This isn’t a rehash of previous stories—expect new angles, fresh updates, and actionable ideas. Let’s dive into what’s moving the crypto world right now!
Why Staying Informed Is a Game-Changer
Crypto is a rollercoaster, and missing a key update can mean missing a golden opportunity or dodging a costly mistake. A new regulation, market swing, or tech breakthrough can shift the landscape in hours. At Coinvago, we’re all about cutting through the noise with clear, relatable updates that work for everyone, from seasoned investors to curious newbies. Today’s highlights cover price action, institutional moves, and emerging trends that could redefine digital finance. Ready for the scoop? Here’s what’s happening in crypto on August 7, 2025.
Top 20 Crypto News Highlights for August 7, 2025
Here’s a curated list of today’s biggest crypto stories, sourced from reliable outlets for accuracy.
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Bitcoin Falls Below $119K: BTC drops to $118,894 after U.S. Treasury Secretary Scott Bessent halts new BTC reserve purchases, sparking sell-off fears. Source: Cointelegraph
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Ethereum Core Dev Hacked: ETH developer Zak Cole loses funds to a malicious Cursor extension, highlighting rising wallet drainer attacks. Source: Cointelegraph
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Metaplanet Outperforms Topix: Japan’s Metaplanet, with heavy crypto exposure, beats the Topix Core 30 index, signaling corporate crypto strength. Source: Cointelegraph
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BitGo’s Role in BTC Products Grows: BitGo’s influence in spot Bitcoin products raises concerns about centralization risks, per market analysts. Source: Cointelegraph
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U.S. Deficit Boosts BTC Outlook: A ballooning U.S. deficit could drive Bitcoin to $132K by year-end via quantitative easing, analysts predict. Source: Cointelegraph
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ADA and SOL Futures Surge: Futures tied to Cardano (ADA) and Solana (SOL) see spiked activity as BTC hits record highs. Source: CoinDesk
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On-Chain Data Signals Bull Run: Bitcoin’s realized price climbs above the 200-week moving average, a historic bull market indicator. Source: CoinDesk
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Thumzup’s $50M Crypto Buy: Social marketing firm Thumzup, backed by Donald Trump Jr., plans a $50M crypto and mining rig purchase. Source: Cointelegraph
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North Korean Hackers Exposed: A North Korean IT team with 31 fake identities is linked to a $680K hack of fan-token platform Favrr. Source: Cointelegraph
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VINE Meme Coin Drops 15%: VINE falls to $0.08 after a 200% July surge, but retail buzz on X keeps it trending. Source: CoinMarketCap
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REKT Stabilizes at $0.12: Meme coin REKT holds at $0.12, with strong community support on X driving interest. Source: CoinMarketCap
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Polygon’s DeFi TVL Hits $720M: Polygon’s POL token rises to $0.82, fueled by DeFi protocol expansion. Source: The Block
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Cardano’s ADA at $0.89: ADA climbs to $0.89, up 3%, with DeFi and NFT projects boosting network activity. Source: CoinMarketCap
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Dogecoin ETF Odds at 90%: DOGE holds at $0.29, with ETF approval odds steady at 90% for Q1 2026. Source: CoinDCX
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Chainlink’s $128B Volume: Chainlink’s oracle network processes $128B in monthly volume, driven by Solana and Polygon integrations. Source: Cointelegraph
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Tether’s Audit Shows $161B: Tether’s latest audit reveals $161B in assets, with BTC and metals at 12% of reserves. Source: CoinDCX
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Worldcoin’s Privacy Push: Worldcoin rolls out enhanced World ID privacy features to address global regulatory concerns. Source: Cointelegraph
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Robinhood’s Crypto Volume Soars: Robinhood’s Q2 crypto trading volume jumps 45%, exceeding earnings forecasts. Source: CoinDesk
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Hedera’s HBAR at $0.17: HBAR dips to $0.17, testing support as enterprise adoption faces challenges. Source: CoinGecko
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New Cryptos Listed: CoinMarketCap adds 10 new tokens, including DeFi and P2E projects, boosting market diversity. Source: CoinMarketCap
What These Headlines Mean for You
Today’s news paints a complex picture of a volatile yet promising market. Bitcoin’s drop to $118K, triggered by halted U.S. BTC reserve plans, shows how policy shifts can rattle investors, but on-chain data and deficit-driven predictions suggest a bullish outlook. Ethereum’s developer hack highlights security risks, urging vigilance in wallet management. Solana and Cardano’s futures activity and Polygon’s DeFi growth signal layer-1 strength, while meme coins like VINE and REKT keep retail buzzing, though their volatility demands caution.
Institutional moves, like Thumzup’s $50M crypto buy and Metaplanet’s outperformance, show big players doubling down, but centralization risks with platforms like BitGo raise questions. Global adoption, from new token listings to North Korean hacks, underscores crypto’s reach and vulnerabilities. Robinhood’s trading surge and Tether’s audit point to mainstream integration, but regulatory and security challenges persist.
How to Use These Insights
Traders, monitor Bitcoin’s $118K support and Ethereum’s $3,500 level for potential entries or exits. Long-term investors might see Solana and Cardano’s futures activity as bullish signals—SOL and ADA could be smart picks. Altcoin fans should explore Polygon for DeFi exposure, but be cautious with meme coins like VINE and REKT due to their volatility. Always cross-check X hype against trusted sources like CoinDesk or Cointelegraph to avoid pump-and-dump traps.
New to crypto? Start small with CoinMarketCap or CoinGecko for real-time prices. Visit Coinvago for beginner guides, and subscribe to CoinDesk or The Block for daily updates. If you’re eyeing stablecoins, Tether’s audit offers some reassurance, but verify reserve details. Keep an eye on new token listings for early opportunities, but research their whitepapers thoroughly.
The Bigger Picture
Crypto in 2025 is a blend of mainstream momentum and growing pains. Institutional moves—like Thumzup’s investment and Robinhood’s trading surge—show confidence, but policy shifts and hacks highlight risks. Tech upgrades, like Chainlink’s integrations and Polygon’s DeFi growth, prove blockchain’s innovation is thriving. Global adoption, from new tokens to regulatory debates, shows crypto’s reach, but security and centralization concerns loom large.
At Coinvago, we believe crypto empowers you to take control in a world often dominated by banks and governments. But it’s a high-stakes game—stay sharp, verify sources, and only invest what you can afford to lose. Today’s news shows a market full of opportunity and challenges, perfect for those ready to dive in with a clear head.
Wrapping Up
That’s the crypto pulse for August 7, 2025, brought to you by Coinvago. From Bitcoin’s dip to Polygon’s DeFi surge, these stories are shaping the future of finance. Stick with us for more updates, and share your thoughts in the comments. Will BTC hit $132K by year-end? Are meme coins like VINE worth the hype? Let’s keep the crypto conversation alive!
Disclaimer: Cryptocurrency investments are high-risk. Always conduct your own research and consult a financial advisor before investing.
