Links:

• Block job postings reveal Jack Dorsey’s Bitcoin plans
• FTC issues public warning about new crypto ATM scam
• Axis Bank issues financial contract on state-backed blockchain platform
• Paradigm, Sequoia to Invest $1.15B in Citadel Securities, Bringing Trading Firm Closer to Crypto
• TaxBit launches network in partnership with major exchanges and DEXs

Bitcoin is up 2% at $41,281
Ethereum is up 2% at $2,738
and Binance Coin is up 1% at $384.

Monero up 22%
Helium up 17%
Hex up 16%

Yield farming aggregator PancakeBunny was exploited via a flash loan attack.

Germany’s Trade Republic has pulled in a $900M Series C

Senator Jane Hume called cryptocurrencies an "asset class that will grow in importance."

The Office of the Comptroller of the Currency issues scam warning.

Elon Musk thinks the layer-2 payments network Lightning is needed on the Bitcoin network.

Links:

• pancakebunny.finance on Twitter: "Attention Bunny Fam Our project has suffered a flash loan attack from an outside exploiter. We will be posting a post mortem, in depth analysis, but for the time being we would like to update the community as to how this happened." / Twitter
• Germany’s Trade Republic lands $900 million investment led by Sequoia
• Financial Services Minister Jane Hume says cryptocurrency is 'high risk' as Bitcoin falls | Daily Mail Online
• US Agency Issues Alert Warning Consumers of Fraudulent Emails Seeking Bitcoin Wallet Keys - CoinDesk
• Elon Musk on Twitter: "@BTCsessions @TeslaGong @wintonARK Achieving truly decentralized finance – power to the people – is a noble & important goal. Layer count depends on projected bandwidth & compute, both rising rapidly, which means single layer network can carry all human transactions in future imo. For now, Lightning is needed." / Twitter

It’s 8:00 eastern August 25th and this is your Daily Crypto Report.

Bitcoin is up 1.3% at $10,120
XRP is up 2.3% at 27 cents
and Ethereum is up 1% at $189

Top gainers in the last 24 hours:
Nucleus Vision up 35%
Poet up 22%
Nuls up 22%
and Sirin Labs Token up 20%

Todays headlines:

The Federal Trade Commission has settled charges it had filed against 4 crypto multi-level marketing schemers.

South Korean exchange Bithumb will begin a monthly reviewing process for its cryptocurrency listings.

The US FDA is looking to include blockchain to improve drug and medical products reviews and recalls.

Blockchain(dot)com has integrated BitPay into its wallet.

Links:

• Blockchain.com integrates BitPay into its wallet - The Block
• Largest Korean Exchange to Review Listings and Drop Failing Coins - CoinDesk
• Speech by Dr. Amy Abernethy at the National Coordinator for Health IT Third Interoperability Forum - 08/22/2019 | FDA
• FTC Settles With Promoters of Multi-Level Marketing Crypto Scheme - CoinDesk