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Today's Top Crypto Headlines:
Coinbase Adds USDC Fee | Tornado Cash Verdict | Ripple Buys Rail and more...
King Fatrick Gil Añasco
August 08, 2025
In partnership with
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Coinbase Adds USDC Conversion Fee: Coinbase will charge a 0.1% fee on USDC-to-USD conversions over $5M starting August 13.
Tornado Cash Founder Convicted: Roman Storm was found guilty of operating an unlicensed money-transmitting business. He faces up to 5 years in prison.
💡Feature of the Day - Ripple Acquires Rail for $200M: Ripple bought stablecoin payment platform Rail to boost RLUSD and XRP infrastructure.
All this and more in today’s headlines!
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📰 News Highlights:
Starting August 13, Coinbase will apply a 0.1% fee on USDC-to-USD conversions exceeding $5 million over a 30-day rolling period. The change follows back-to-back earnings misses and appears aimed at covering redemption costs and limiting arbitrage activity.
Hmmm…why
I don’t love the precedent here. What if this dropped to $10k. Feels like bank fees again @coinbase.
$1 USD = $1USDC right?
— RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams)
11:36 PM • Aug 6, 2025
Previously, up to $40 million could be converted without fees. Coinbase’s move drew criticism, with Bankless’ Ryan Adams calling it “a bank fee in disguise,” while product lead Will McComb defended it as a fairness experiment.
@coinbase hey we're running an experiment to better understand how fees impact USDC off-ramping, especially as some competitors charge higher fees to offramp back to fiat. Your point about this being a core feature is heard and we're carefully monitoring all feedback. we're
— Will McComb (@willums_)
12:49 AM • Aug 7, 2025
The fee targets large-scale traders and arbitrageurs, not everyday users. Some analysts believe this discourages users from exploiting differences between Tether and USDC.
@RyanSAdams@coinbase Yep
— Brian Armstrong (@brian_armstrong)
4:20 AM • Aug 7, 2025
CEO Brian Armstrong acknowledged the move may limit arbitrage.
@coinbase This feels similar to a create/redeem fees for an ETF. If they actually have to facilitate creating and redeeming USDC based on one way flow from someone they are prolly incurring some sort of cost to do that create redeem. My guess is they’re offloading that cost … and then
— James Seyffart (@JSeyff)
12:10 AM • Aug 7, 2025
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Roman Storm, co-founder of Tornado Cash, was found guilty of running an unlicensed money-transmitting business, a charge that carries up to five years in prison.
Roman Storm, co-founder of Tornado Cash, was convicted today for "unlicensed money transmission" under 18 U.S.C. § 1960.
This sets a wrong and dangerous precedent that needs to be overturned.
— Sasha Hodder (@sashahodler)
2:34 AM • Aug 7, 2025
Jurors deadlocked on two other charges—money laundering and violating North Korea sanctions—showing the complexity of crypto-related legal cases.
OK- now in US v. Roman Storm, verdict watch Day 4 - now post-pedicure of juror, Qs of wallet(s) matthewrussellleeicp.substack.com/p/extra-analys… Unsealing bid storage.courtlistener.com/recap/gov.usco… Inner City Press 1st book on the case amazon.com/dp/B0FHXTCNCR [2d soon] & will live tweet, thread below
— Inner City Press (@innercitypress)
1:17 PM • Aug 6, 2025
The trial featured testimony from law enforcement and technical experts, including Ethereum developers, and sets an important precedent in crypto regulation.
This is a terrible outcome for Roman and for all of crypto.
If the Trump administration wants the USA to be the crypto capital of the world, then DOJ must not be allowed to retry the two deadlocked charges.
This is existential. If you've been sleeping on Section 1960, wake up.
— Jake Chervinsky (@jchervinsky)
5:12 PM • Aug 6, 2025
Storm's sentencing is pending, but the case already marks a major moment for how courts may treat developers of decentralized financial tools.
Final: US v. Roman Storm verdicts: Conviction on onspiracy to run an unlicensed money transmittal business. No unanimity on conspiracy to commit money laundering nor on conspiracy to violate North Korea sanctions.
Book 1:
Book 2 coming...— Inner City Press (@innercitypress)
4:36 PM • Aug 6, 2025
Despite being convicted on just one count, the verdict could influence how future protocols are built and maintained.
The government should never have brought this case.
Section 1960 should not apply to the developer of a non-custodial protocol who lacks control of user funds.
This case should go up on appeal. Hopefully the Second Circuit will correct this (and many other) errors in the case.
— Jake Chervinsky (@jchervinsky)
5:12 PM • Aug 6, 2025
💡 Feature of the Day:
Ripple is acquiring Canadian stablecoin payment platform Rail for $200 million to enhance its RLUSD and XRP payment infrastructure.
Big news: Rail is joining @Ripple!
A huge milestone in our mission to build trusted, enterprise-grade infrastructure for global payments.
We power 10%+ of all B2B stablecoin volume. Now, with Ripple’s backing, we’re scaling even faster. 🌍
Thank you to our team, clients,
— Rail (@RailFinancial)
2:08 PM • Aug 7, 2025
Rail brings Ripple virtual account technology, compliance tools, and banking integrations, helping the company streamline fiat-to-crypto transactions for fintechs and enterprise clients.
Today, we’re acquiring @RailFinancial:
This strengthens Ripple’s leadership in crypto infrastructure and stablecoin payments by adding Rail’s robust back-office and virtual account capabilities to our global payments network.
Learn how this deal enables
— Ripple (@Ripple)
12:35 PM • Aug 7, 2025
This acquisition expands Ripple’s push into institutional finance, following its $1.25 billion purchase of Hidden Road earlier this year.
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted
— Brad Garlinghouse (@bgarlinghouse)
12:06 PM • Apr 8, 2025
Rail’s features—like KYC, transaction monitoring, and 12+ banking partnerships—will help Ripple scale RLUSD usage and build out real-time crypto payment rails.
🚨XRP SEC CASE NEARS ENDGAME!
#Ripple has dropped its appeal & paid the $125M fine. Pro-XRP lawyer says SEC will likely dismiss its own appeal before August 15.
A final vote may come in the SEC’s August 7 closed-door meeting.
How impactful will this be on $XRP?
— Coin Bureau (@coinbureau)
6:35 PM • Aug 6, 2025
In another news, the Ripple vs. SEC lawsuit is nearing its end as a key August 15 deadline approaches. With Ripple having already dropped its cross-appeal and placed a $125 million fine in escrow, the final decision now rests with the SEC commissioners.
A resolution is highly anticipated, as legal clarity could be a powerful catalyst for XRP, potentially leading to its relisting on U.S. exchanges and a significant price surge.
😂 Crypto Meme of the Day:
Meme of the day provided by @thebearablebull
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com