8/22/2025
The biggest events in cryptocurrencies: What shook the crypto world last week?
Coingarage Exchange
The biggest events in cryptocurrencies: What shook the crypto world last week?
The world of cryptocurrencies never stops – and last week proved that drama, innovation, and regulation are the order of the day in this industry. Between falling celebrity memecoins, millions frozen from scams, a dramatic IPO, and further regulatory shifts, the crypto scene was shaken up once again. Here's an overview of the most significant events in the global crypto world over the past 7 days.
1. Hundreds of millions of dollars in frozen scams
An unprecedented crackdown on crypto fraud! As part of "Project Atlas" and "Operation Avalanche," international authorities have frozen over $300 million in cryptocurrencies linked to so-called "romance scams" and other schemes such as "pig butchering." The collaboration between companies such as TRON, Tether, Binance, and TRM Labs shows that the sector is beginning to take responsibility seriously.
What does this mean?
Pressure for transparency and fraud prevention is increasing, while at the same time showing that decentralized finance does not have to be synonymous with lawlessness.
2. Gemini shocks: IPO despite huge losses
The Gemini crypto exchange (Winklevoss brothers) announced its entry into the stock market, despite reporting a loss of $282.5 million in the second quarter of 2025. Revenues declined, while costs – especially marketing costs – skyrocketed.
At the same time, the Fed ended its oversight of banks involved in crypto, which may signal that the US is preparing for a new, more liberal approach to blockchain banking.
3. Tether strengthens its influence in the US – hires Trump advisor
Tether, the world's largest stablecoin issuer, has announced that Bo Hines, a former member of Trump's Digital Asset Advisory Board, will become its new advisor for the US market. This move is intended to facilitate Tether's expansion into the US market in line with new legislation (the Genius Act), which requires 100% reserves and maximum transparency.
What does this mean?
Stablecoins are becoming a pillar of the digital economy – and Tether is making it clear that it wants to be there when the rules of the game are being made.
4. Kanye West and his memecoin: YZY Money as a controversial hit
Rapper and controversial entrepreneur Ye (Kanye West) launched his own memecoin, YZY Money, on the Solana blockchain. The token skyrocketed to a market capitalization of over $3 billion before falling by two-thirds in a matter of days. More than 70% of the supply is reportedly still held by Yeezy Investments LLC, raising suspicions of manipulation and insider trading.
5. Trump's cryptocurrency empire is collapsing
The $TRUMP meme token has lost 88% since January (when it was worth around $75) and is now trading at around $8. The $MELANIA token fell 98% to around $0.20. Despite this, Trump's organization reportedly earned $320 million in fees and hosted lucrative dinners for token holders, even though the event was criticized for the quality of its services. Senate Democrats propose an ethics investigation into these activities Critics say it was a "sophisticated cash grab" — and Democrats in the Senate are already calling for an ethics investigation.
What does this mean?
Cryptocurrencies are entering politics and vice versa. But where does innovation end and abuse of trust begin?
Today's news:
- The EU is exploring Ethereum and Solana for its digital euro, which means a shift towards public blockchains instead of private models such as China's CBDC.
- Michael Saylor's strategy "does not affect the price" of Bitcoin, says CEO
Strategy CFO Shirish Jajodia said, "In fact, we are buying Bitcoin continuously. Almost every day, every hour, every second."
We kept you informed on our blog throughout the week.
Conclusion: The crypto world remains wild — but it's maturing
The past week has shown that cryptocurrencies are entering a phase of maturity. Regulations are tightening, markets are reacting more realistically, and the public is beginning to distinguish serious projects from meme bubbles. Nevertheless, there is no shortage of drama – whether it's Kanye, Trump, or exchanges on the verge of profitability.
While volatility is lower than in previous months, investor sentiment remains positive, thanks in particular to preparations for broader institutional adoption.
*This is not investment advice.
The Coingarage Team
