A wave of negative news shook the crypto markets on August 15th, 2025, as Bitcoin dropped by around 3% and Ethereum followed suit with a decline of roughly 1.4%, potentially signaling a broader market correction. Meme coins like PEPE, SPX6900, and Fartcoin took heavy hits, falling over 10%. This pullback coincided with an unexpected surge in U.S. wholesale inflation, fueling concerns about the Fed’s potential for future rate cuts. Meanwhile, GameSquare has been tapped to manage AnimeCoin Foundation, a project aiming to build a thriving anime-themed blockchain ecosystem. While this move could attract Gen Z and Gen Alpha enthusiasts, experts caution against the high volatility associated with niche tokens. In a separate development, the U.S. Treasury has announced it will remain hands-off regarding crypto purchases and sales, opting to rely on confiscated Bitcoin for its strategic reserves. And in a concerning turn of events, former Goldman Sachs and JPMorgan executive Richard Kim faces federal charges related to misusing investor funds intended for blockchain-based casino projects. He allegedly diverted nearly $4 million of these funds into personal crypto accounts and engaged in risky gambling, ultimately leading to significant losses and misleading investors. His alleged actions could result in lengthy prison sentences if convicted.