Hottest Crypto News of the Week 11-17/8: MB Bank cooperates with Upbit to open the first cryptocurrency exchange in Vietnam; Creating a new blockchain in Vietnam will take less than 1 hour

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In the past week, many notable events occurred in the cryptocurrency market. Let's review the hottest Crypto news of the past week with Allinstation!

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Details: Coinbase Crypto Exchange Predicts Altcoin Season Is About to Begin – Bitcoin Crypto News 24H

US Secretary of the Treasury: Government Will Not Buy Crypto but Only Reserve Seized Crypto Assets

On August 14, US Treasury Secretary Scott Bessent announced that the government will not use the budget to buy additional cryptocurrencies for the national reserve. Instead, all supplements to the Strategic Crypto Reserve will come from digital assets seized in criminal or civil cases.

Details: US Treasury Secretary: Government Will Not Buy Crypto but Only Reserve Seized Crypto Assets – Bitcoin Crypto News 24H

Crypto Mogul Justin Sun Sues Bloomberg, What's the Reason?

TRON founder, Justin Sun, has officially filed a lawsuit against Bloomberg in Delaware State Court (USA) with allegations of violating a confidentiality agreement, after the media organization planned to disclose details of his token portfolio.

Details: Crypto Mogul Justin Sun Sues Bloomberg, What's the Reason? – Bitcoin Crypto News 24H

Ministry of Finance Proposes Testing Crypto and Digital Assets at Da Nang International Financial Center

The Ministry of Finance recently proposed allowing the International Financial Center in Da Nang to deploy a controlled sandbox test of advanced financial models such as digital assets, crypto, digital payment and money transfer solutions, while paving the way for establishing new exchanges and platforms in this coastal city.

Details: Ministry of Finance Proposes Testing Crypto and Digital Assets at Da Nang International Financial Center – Bitcoin Crypto News 24H

Ethereum Sets Launch Date for Fusaka Upgrade, Expected on 5/11

On August 13, 2025, in the 162nd meeting of the Ethereum consensus core developer group, the programming community officially agreed on the expected launch date of the Fusaka Primary Network on November 5, 2025. This is considered one of the biggest technological milestones for Ethereum this year, marking a new step in expanding and optimizing the performance of the world's second-largest blockchain network.

Details: Ethereum Sets Launch Date for Fusaka Upgrade, Expected on 5/11 – Bitcoin Crypto News 24H

MB Bank Will Collaborate with Upbit to Launch First Crypto Exchange in Vietnam

At the Vietnam-Korea Economic Forum 2025 in Seoul, Dunamu Group – operator of the Upbit crypto exchange (currently in the top 3 largest exchanges worldwide) – officially signed a strategic partnership with MB Military Bank. This is seen as an important milestone, paving the way for the first crypto exchange in Vietnam operating under the patronage of a major commercial bank.

Details: MB Bank Will Collaborate with Upbit to Launch First Crypto Exchange in Vietnam – Bitcoin Crypto News 24H

OKX Crypto Exchange Restructures OKB Token Tokenomics, Price Immediately Triples

On August 13, 2025, according to official information from OKX, the public blockchain project X Layer completed the "PP upgrade" strategy upgrade on August 5, 2025. This upgrade makes X Layer one of the leading public chains focused on DeFi, global payments, and real-world assets (RWA).

Details: OKX Crypto Exchange Restructures OKB Token Tokenomics, Price Immediately Triples – Bitcoin Crypto News 24H

Grayscale Registers ETF Funds for Cardano (ADA) and Hedera (HBAR)

Delaware recently officially updated the corporate registration portal, adding the Grayscale Cardano Trust ETF and Grayscale Hedera Trust ETF to the entity list on the previous Tuesday. This move immediately attracted the attention of crypto investors because in the past, similar registrations were often a "groundwork" before filing an S-1 with the US Securities and Exchange Commission (SEC).

Details: Grayscale Registers ETF Funds for Cardano (ADA) and Hedera (HBAR) – Bitcoin Crypto News 24H

Monero (XMR) Unexpectedly Suffers 51% Attack, 'Perpetrator' Says It's Just a Demonstration, Not Malicious

On August 12, the crypto community was shocked when Monero (XMR) – a cryptocurrency famous for its anonymity – unexpectedly suffered a rare 51% attack. Notably, the "perpetrator" was Qubic, a project by Sergey Ivancheglo – co-founder of IOTA. However, Qubic affirmed this was just a technical demonstration to test the network's security strength, not a destructive act.

Details: Monero (XMR) Unexpectedly Suffers 51% Attack, 'Perpetrator' Says It's Just a Demonstration, Not Malicious – Bitcoin Crypto News 24H

Grayscale Launches Trust Funds for DEEP and WAL Tokens – 2 Sui Ecosystem Projects

On August 12, 2025, Grayscale – the world's largest digital asset manager – officially announced two new single-asset investment funds named Grayscale DeepBook Trust and Grayscale Walrus Trust. These funds hold all DEEP and WAL tokens, which are native coins of two trading and data infrastructure protocols in the Sui blockchain ecosystem.

Details: Grayscale Launches Trust Funds for DEEP and WAL Tokens – 2 Sui Ecosystem Projects – Bitcoin Crypto News 24H

Creating a New Blockchain in Vietnam Will Take Less Than 1 Hour

In Hanoi, within the framework of the specialized training session "Legal Framework and Identifying Risks of Crypto Asset Fraud" organized by the Vietnam Blockchain and Digital Asset Association (VBA) in collaboration with 1Matrix Company, a representative from 1Matrix announced the initial results of the Vietnam Blockchain Multi-chain Service Network (VBSN) - a key project assigned by the Government, with the goal of helping Vietnamese people take ownership of core data and blockchain technology. With the Vietnam Blockchain Multi-chain Service Network (VBSN), businesses and organizations can create a complete Layer 1 blockchain in less than an hour.

Details: Creating a New Blockchain in Vietnam Will Take Less Than 1 Hour – 24H Crypto Bitcoin News

Mr. Trump Postpones China Tariffs for 90 Days

In the final hours before the massive US import tariffs on Chinese goods were at risk of being reimposed, US President Donald Trump signed an executive order extending the "trade war ceasefire" with Beijing by another 90 days.

Details: Mr. Trump Postpones China Tariffs for 90 Days – 24H Crypto Bitcoin News

Strategy Announces Purchasing Additional 18 Million USD in Bitcoin

Strategy, the world's largest Bitcoin-holding company, announced on Monday that they have added 155 BTC worth approximately 18 million USD to their investment portfolio.

Details: Strategy Announces Purchasing Additional 18 Million USD in Bitcoin – 24H Crypto Bitcoin News

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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