CRYPTO DROPS AFTER PPI, HUGE LIQUIDATIONS, TRUMP-PUTIN TO MEET

17-Aug-2025 Block News Media

Crypto drops after hot US PPI, $1.1bn of liquidations. US only wants budget neutral BTC accumulation. US government owns $24b crypto: Arkham. Lummis makes renewed push for BITCOIN Act. Altcoins continue to drop versus ETH. $3.2bn ETH queued to leave staking. HYPE nears $50 as volume hits ATH. Google buys 8% stake in BTC miner TeraWulf. Atkins to discuss ‘Project Crypto’ today. KindlyMD to raise $540m to buy BTC. Abu Dhabi SWF owns $534m BTC ETF. Citi considers crypto custody, payment services. SEC delays Bitwise and 21 Shares SOL ETFs. HK tightens custody standards for crypto exchanges. American Bitcoin looking for Asia listings. US sanctions Russian exchange Garantex.

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