Crypto News Round-Up — August 2025

August saw a mix of significant crypto developments. Among them were technical outages at a major exchange, high-profile partnerships, and fundraising milestones. This round-up highlights key stories from this period.

• Binance Temporarily Halts Futures Trading
• Binance Resumes Futures Trading after Outage
• Trump Media Partners with Crypto.com on Token Treasury
• Gemini Exchange Files for U.S. IPO
• Bullish Exchange Prices Oversubscribed IPO
• Trump-Backed Crypto Venture Plans Stablecoin

Binance Temporarily Halts Futures Trading

On August 29, 2025, Binance – one of the world’s largest cryptocurrency exchanges – announced that all futures trading was temporarily suspended due to a technical issue (www.reuters.com). The company said it was actively working to resolve the problem but gave no details on the cause or timeline. The outage left many investors unable to execute futures contracts, effectively freezing that portion of the market (Reuters).

• Highlights the risk of centralised exchange outages and their impact on crypto derivatives markets.
• Reminds traders to have backup strategies, as reliance on a single platform can lead to sudden disruptions.

Binance Resumes Futures Trading after Outage

Later the same day, Binance confirmed that its futures platform had returned to normal operation (www.reuters.com). The interruption was attributed to an unspecified glitch in its “Futures UM” system, which handles settlement in stablecoins. Binance said the issue was fixed and that futures trading was fully restored, allowing users to resume normal derivative transactions (Reuters).

• The quick restoration of service helped stabilise the market and reassure traders.
• Demonstrates the challenges of scaling complex trading infrastructure even at top exchanges.

Trump Media Partners with Crypto.com on Token Treasury

Donald Trump’s media network has forged a tie-up with Crypto.com to form a new investment firm named “Trump Media Group CRO Strategy” (www.reuters.com). The venture’s goal is to use a treasury-style strategy to accumulate Crypto.com’s native token (CRO) on behalf of shareholders. The company will go public via a SPAC merger, backed by a funding package including $1 billion in CRO tokens and additional cash and warrants (www.reuters.com). Following the announcement, the price of CRO jumped over 22%, reflecting investor enthusiasm for the project (www.reuters.com).

• This move bridges a high-profile social media platform with crypto asset holdings, likely boosting visibility and perceived legitimacy for CRO tokens.
• The sharp price reaction underscores how celebrity-endorsed crypto ventures can quickly sway market sentiment.

Gemini Exchange Files for U.S. IPO

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has publicly filed for a U.S. initial public offering (www.reuters.com). The filing confirms Gemini’s intention to raise capital by going public, joining a wave of crypto firms tapping traditional markets for funding. The move comes amid robust investor interest in digital asset companies and signals confidence that crypto businesses can succeed in public markets (Reuters).

• An IPO would mark a major milestone for one of crypto’s earliest institutional players.
• Public listing could provide more transparency for Gemini and encourage other exchanges to pursue similar paths.

Bullish Exchange Prices Oversubscribed IPO

Bullish, the crypto exchange backed by billionaire Peter Thiel, has priced its U.S. IPO at $37 per share, well above the expected range (www.reuters.com). The offering raised $1.11 billion, and shares were set to open over 75% above the IPO price in its market debut. The strong demand for Bullish shares – which include ownership of major crypto news outlet CoinDesk – suggests that investor appetite for crypto-related equities remains high (Reuters).

• The successful IPO indicates continued confidence in crypto infrastructure firms among public investors.
• Proceeds will give Bullish and CoinDesk additional capital to expand operations and product offerings.

Trump-Backed Crypto Venture Plans Stablecoin

Trump Media & Technology Group’s crypto arm has announced it will launch a new dollar-pegged stablecoin called USD1 (www.reuters.com). The coin will be backed by U.S. Treasuries and cash equivalents, aiming for one-to-one parity with the dollar. USD1 is set to debut on Ethereum and Binance Smart Chain networks. The plan is seen as part of Trump’s broader efforts to promote digital asset adoption under his administration (Reuters).

• Introduction of USD1 would add a high-profile entry to the stablecoin market, potentially attracting mainstream attention.
• Backing the token with strong reserves could influence regulatory perspectives on stablecoins and inspire confidence in the new issue.

As always, readers should remember that cryptocurrency markets are highly volatile and speculative. Do your own research and assess your risk carefully before investing in digital assets.

Bottom Line

The crypto sector continues to evolve rapidly, with events this August ranging from exchange outages to ambitious new offerings. Incidents like the Binance outage underscore operational risks, while major partnerships and IPO moves highlight growing mainstream integration. Investors should take note of these developments but remain cautious: the market can swing quickly, and regulatory or technical factors can change the landscape.