Crypto News by Satoshi Club

📊 Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap today is $4.12 Trillion, a 2.5% change in the last 24 hours. Total cryptocurrency trading volume in the last day is at $139 Billion. Bitcoin News 🔸Potential Bitcoin Bear Market Predicted Crypto analyst Benjamin Cowen suggests that Bitcoin could experience a steep drawdown of up to 70% in the next bear market, citing historical precedent from past cycles. 🔸Bitcoiners Criticize Vietnam's Biometric Mandate Vietnam is closing 86 million bank accounts that did not comply with a new facial biometric authentication law aimed at preventing fraud. Bitcoin advocates have pointed to this as a reason for using permissionless protocols. 🔸Quantum Computing Threat to Bitcoin A debate has emerged in the crypto community about the potential for quantum computers to compromise Bitcoin's security. Solana co-founder Anatoly Yakovenko predicts a "50/50" chance of a quantum breakthrough by 2030. 🔸Bhutan's Bitcoin Transfer The Royal Government of Bhutan recently transferred over $100 million in Bitcoin, an action that occurred just after the U.S. Federal Reserve’s first interest rate cut of 2025. CEXs and DEXs 🔸Coinbase Integrates DeFi Coinbase is now integrating the DeFi lending protocol Morpho to allow users to earn yields of up to 10.8% on their USDC holdings directly within the app. This marks a significant move by the centralized exchange to offer on-chain yields to its customers. 🔸Aster's TVL Surge and CZ Speculation Aster, a decentralized perpetuals exchange, experienced a massive but brief surge in its Total Value Locked (TVL) after its native token launch. The event sparked speculation about the involvement of Binance co-founder Changpeng Zhao. 🔸Kraken and Trust Wallet Partner for Tokenized Equities Crypto exchange Kraken and Trust Wallet have announced a partnership to expand access to tokenized equities, known as xStocks. Legal & Regulatory 🔸Gensler Defends SEC Crypto Enforcement Former SEC Chair Gary Gensler stated he has no regrets about his aggressive approach to crypto enforcement during his tenure. He described crypto as a "highly speculative, very risky asset," noting that the SEC was focused on investor protection. 🔸EU Finance Ministers Agree on Digital Euro Limits EU finance ministers have reached a consensus on the procedures for setting limits on individual holdings of the digital euro. 🔸Europe's MiCA Framework Faces Early Challenges The EU's Markets in Crypto-Assets (MiCA) framework is facing challenges from national regulators who are pushing back against its "passporting" feature. 🔸Stablecoin Regulation Chiara Scotti, vice director of the Bank of Italy, has recommended that multi-issuance stablecoins should be restricted to jurisdictions with similar regulatory standards. Infrastructure and Stablecoins 🔸Curve Finance Votes to Make CRV Yield-Bearing The Curve Finance community is voting on a proposal to establish a $60 million credit line of crvUSD to make its native token, CRV, a yield-bearing asset. The proposal aims to create new income streams for the protocol and its stakers. 🔸Nubank to Integrate Stablecoin Payments Nubank, Latin America's largest digital bank, plans to integrate stablecoin payments for credit card transactions. 🔸PayPal Expands PYUSD to New Blockchains PayPal has expanded its stablecoin, PYUSD, across eight new blockchains, including Tron, Avalanche, and Stellar, through an integration with LayerZero's Stargate Hydra bridge. 🔸Ethereum's Fusaka Upgrade The Ethereum Fusaka hard fork is scheduled for December 3 to boost scalability and security 🔸Ethena's USDe Surpasses $14 Billion Market Cap Ethena Labs has partnered with Flowdesk to expand access to its synthetic dollar, USDe, which has now reached a market capitalization of over $14 billion, making it the third-largest stablecoin. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

📊 Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap is at $4.23 Trillion, marking a 2.4% increase in the last 24 hours. The total trading volume has reached $196 Billion. Bitcoin News 🔸Crypto Executives Discuss Bitcoin Reserve and Market Structure In a series of roundtable discussions in Washington, D.C., U.S. lawmakers and crypto industry leaders met to discuss a potential strategic Bitcoin reserve and a new market structure. Discussions centered on the "BITCOIN Act" and the "CLARITY Act," indicating a push for clear legislation to secure America's financial future in the digital age. 🔸Analyst Says Bitcoin's Lack of Yield is Not a Disadvantage Macro analyst Luke Gromen argues that Bitcoin's lack of native yield is what makes it a superior and safer store of value compared to yield-bearing assets, which inherently carry risk. This view counters the argument that Ethereum's staking rewards make it more attractive to institutional investors. Legal & Regulatory 🔸CZ and SEAL Warn of North Korean Hackers Binance co-founder Changpeng “CZ” Zhao and the Security Alliance (SEAL) have warned that North Korean hackers are using fake identities to infiltrate crypto companies, stealing sensitive data and assets. 🔸SEC Approves First U.S. Multi-Crypto ETP The SEC has approved Grayscale's Digital Large Cap Fund, the first multi-asset ETP in the U.S. This product will offer investors exposure to Bitcoin, Ether, XRP, Solana, and Cardano. 🔸Crypto Lobby Study: 42% of Americans Would Try DeFi with Laws A survey by the DeFi Education Fund found that 42% of Americans would be open to using decentralized finance (DeFi) if clear legal and regulatory frameworks were in place. 🔸SEC Approves Generic ETF Listing Standards In a move that could accelerate the approval of future crypto ETFs, the SEC has approved new generic listing standards for commodity-based ETFs. This new framework could allow for a wave of new crypto investment products to launch in the US. Infrastructure and Stablecoins 🔸Rival DEX Tokens HYPE and ASTER Surge Tokens for competing decentralized exchanges (DEX), Hyperliquid's HYPE and Aster Chain's ASTER, have both seen significant price increases. HYPE reached a new all-time high, while ASTER surged over 350% after a post from former Binance CEO Changpeng Zhao, signaling a direct challenge to Hyperliquid's market share. 🔸Bullish Shares Rise on Q2 Earnings Beat Crypto exchange Bullish saw its shares increase after it reported second-quarter earnings that surpassed analyst expectations, with a significant turnaround from a loss in the previous year. The company also announced it secured a BitLicense in New York and is planning to launch an options trading platform. 🔸DBS, Franklin Templeton, and Ripple Partner on Tokenized Lending DBS, Franklin Templeton, and Ripple have announced a partnership to launch a tokenized trading and lending service on the XRP Ledger. This initiative aims to provide institutional investors with a regulated way to manage market volatility by trading between a tokenized money market fund and a stablecoin. 🔸Long-Term Investor Turns $1,000 to $1 Million in BNB A long-term investor, holding BNB since 2017, has seen a $1,000 investment grow to $1 million, a 1,000-fold return. This milestone occurred as BNB reached a new all-time high, highlighting the potential for significant returns from long-term holding. 🔸Sports Group Brera Pivots to Crypto with Solana Treasury Brera Holdings, a sports ownership group, has rebranded as Solmate and pivoted its focus to the crypto space. The company raised $300 million to establish a Solana-focused digital asset treasury. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

📊 Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap today is $4.1 Trillion, reflecting a 0.9% increase in the last 24 hours. Total daily trading volume stands at $159 Billion, indicating steady market activity. Bitcoin News 🔸Bitcoin Faces $116K Resistance Amid Bullish Catalysts Bitcoin is struggling to break through the $116,000 resistance level, according to Bitfinex analysts. Despite this consolidation, several bullish catalysts—such as institutional inflows, macroeconomic shifts, and improving on-chain data—could help push BTC higher in the near future. 🔸Dormant Whale Moves 1,000 BTC After 12 Years A whale wallet holding 1,000 BTC (~$116 million) has suddenly moved funds after more than a decade of inactivity. The timing, right before the upcoming FOMC decision, is raising speculation about potential institutional repositioning. 🔸Metaplanet Expands Bitcoin Strategy to U.S. and Japan Tokyo-listed Metaplanet is doubling down on Bitcoin by launching subsidiaries in the U.S. and Japan. These new arms aim to explore Bitcoin-centric revenue streams like lending and mining, following the company’s accumulation of over 150 BTC as treasury reserves. Legal & Regulatory 🔸UK Seeks Closer Crypto Ties With U.S. According to the Financial Times, UK officials are working to deepen cooperation with the U.S. on crypto regulation, aiming for alignment in areas like stablecoin governance, central bank digital currencies (CBDCs), and financial crime prevention. 🔸Bitwise Files for Stablecoin Tokenization ETF Bitwise has filed a proposal with the U.S. SEC to launch a new ETF focused on tokenized stablecoin strategies. If approved, the ETF would offer exposure to on-chain tokenized versions of major fiat-backed assets like USDC and USDT. 🔸UK FCA Launches Consultation on Tailored Crypto Rules The UK’s Financial Conduct Authority has opened a consultation on developing a dedicated rulebook for the crypto industry. This comes as the UK positions itself as a competitive but regulated global crypto hub. 🔸ETFs Launch but Investors Remain Skeptical Bitwise also reported lukewarm investor sentiment surrounding the launch of crypto ETFs, especially for altcoins. Although ETF inflows are growing, market participants appear cautious amid unclear regulatory guidance. Infrastructure and Stablecoins 🔸P2P.org Joins $4T Canton Network as Validator Staking platform P2P.org has become the latest validator on the institutional-grade Canton Network, a privacy-focused blockchain backed by major financial institutions. The network currently secures over $4 trillion in managed assets. 🔸SBI Shinsei Bank Trials Tokenized Deposits for Cross-Border Payments Japan’s SBI Shinsei Bank has launched a pilot project testing tokenized deposit solutions for seamless international transactions. This aligns with Japan’s broader strategy to use blockchain for financial infrastructure upgrades. 🔸LMAX Introduces Institutional BTC and ETH Perpetual Futures Global exchange operator LMAX has launched perpetual futures products for Bitcoin and Ether, targeting institutional clients seeking regulated access to crypto derivatives. These contracts will help improve market depth and hedging options for large players. 🔸Bitwise’s Stablecoin ETF Could Change DeFi Onramps If approved, the Bitwise stablecoin ETF could become a gateway for TradFi investors to gain exposure to DeFi through regulated, tokenized instruments. It would also boost the credibility of tokenized fiat models. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

📊 Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap today stands at $4.14 Trillion, marking a 1.0% increase over the past 24 hours. Daily trading volume reached $137 Billion. Bitcoin News 🔸Chinese Bitcoin Treasury Firm Plans $500M Equity Sale Metaplanet, a prominent Tokyo-listed company with substantial Bitcoin holdings, announced plans to sell up to ¥73.5 billion (~$500 million) worth of shares. The capital raise aims to strengthen its BTC treasury strategy and reduce its reliance on the Japanese yen. 🔸Fidelity Forecasts Bitcoin Illiquid Supply to Hit 8.3M by 2032 A new report from Fidelity Digital Assets estimates that over 8.3 million BTC could become illiquid by 2032 due to increasing long-term accumulation and custodial holdings. With over 70% of BTC already considered illiquid. 🔸Bitcoin vs Gold: $3700 Gold Surge Triggers Liquidations Gold hit a new all-time high of $3,720, sparking more than $22 million in BTC long liquidations as Bitcoin briefly dropped below $114,000. Traders appear to be rotating into traditional safe-havens amid macroeconomic uncertainty, including potential Fed rate cuts and rising geopolitical tensions. 🔸Argentina Bond Collapse Sparks Debate on Bitcoin as Hedge As Argentina faces a $3 billion bond collapse, Austrian economist Saifedean Ammous argues that Bitcoin could act as a long-term hedge against fiscal mismanagement. Legal & Regulatory 🔸Coinbase Lawsuit in Oregon Draws Justice Department Attention Coinbase is facing a class-action lawsuit in Oregon over alleged improper listing of unregistered securities. The U.S. Department of Justice has now intervened, signalling that regulators may tighten oversight of centralized exchanges and their token listing standards going forward. 🔸Swiss Banks Question Blockchain-Based Deposit Systems Switzerland’s leading financial institutions have published a joint study questioning the scalability and safety of blockchain for handling bank deposits. 🔸France Backs Unified MiCA Passporting Framework French regulators have urged the EU to implement a single passporting rule under MiCA. This would allow licensed crypto firms in one EU country to operate across all member states, reducing regulatory fragmentation and helping Paris solidify its role as a crypto hub. 🔸SEC, Gemini Trust Come to Agreement The SEC has reached a partial settlement with Gemini Trust over alleged unregistered securities sales through its “Earn” program. The agreement does not end the lawsuit entirely but signals willingness on both sides to negotiate terms without prolonged court battles. 🔸Crypto-PAC Gains Momentum with 100+ Backers A pro-crypto political action committee (PAC) has secured funding from over 100 key backers, aiming to influence U.S. legislative elections in 2026. Their agenda focuses on privacy rights, stablecoin clarity, and preventing CBDC overreach. Infrastructure and Stablecoins 🔸KindlyMD Crashes 55% – Traders Warned of Volatility Web3 medical protocol KindlyMD saw its token plummet by 55% after a surge of retail interest. Trading groups on X advised swing traders to exit due to heightened volatility. 🔸Coinbase Responds to ‘Deposit Drain’ Myth Coinbase issued a statement debunking concerns that the rise of stablecoins threatens traditional exchange deposits. 🔸Pump.fun Hits $1B Volume in September Solana-based memecoin launchpad Pump.fun has already surpassed $1 billion in trading volume this month. Fueled by zero-code tools and viral token launches, the platform has become one of the most used Solana DApps — drawing the attention of both traders and regulators. 🔸Solana Reserves Climb Over $4B Solana’s strategic reserves have reached $4.1 billion, with companies now holding over 3% of total SOL supply. 🔸Santander’s Openbank Expands Crypto Services in Europe Spain’s Openbank, a subsidiary of banking giant Santander, has rolled out crypto trading in Germany and Spain. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

🔸Solana Reserves Climb Over $4B Solana’s strategic reserves have reached $4.1 billion, with companies now holding over 3% of total SOL supply. The growing institutional presence reinforces Solana’s narrative as a serious Ethereum competitor, particularly in gaming, NFTs, and tokenized assets. 🔸Santander’s Openbank Expands Crypto Services in Europe Spain’s Openbank, a subsidiary of banking giant Santander, has rolled out crypto trading in Germany and Spain. The services are limited to Bitcoin and Ethereum for now but reflect rising institutional confidence in European crypto markets post-MiCA. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

📊 Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap today stands at $4.14 Trillion, marking a 1.0% increase over the past 24 hours. Daily trading volume reached $137 Billion, reflecting steady investor activity across major assets. Bitcoin News 🔸Chinese Bitcoin Treasury Firm Plans $500M Equity Sale Metaplanet, a prominent Tokyo-listed company with substantial Bitcoin holdings, announced plans to sell up to ¥73.5 billion (~$500 million) worth of shares. The capital raise aims to strengthen its BTC treasury strategy and reduce its reliance on the Japanese yen. 🔸Fidelity Forecasts Bitcoin Illiquid Supply to Hit 8.3M by 2032 A new report from Fidelity Digital Assets estimates that over 8.3 million BTC could become illiquid by 2032 due to increasing long-term accumulation and custodial holdings. With over 70% of BTC already considered illiquid. 🔸Bitcoin vs Gold: $3700 Gold Surge Triggers Liquidations Gold hit a new all-time high of $3,720, sparking more than $22 million in BTC long liquidations as Bitcoin briefly dropped below $114,000. Traders appear to be rotating into traditional safe-havens amid macroeconomic uncertainty, including potential Fed rate cuts and rising geopolitical tensions. 🔸Argentina Bond Collapse Sparks Debate on Bitcoin as Hedge As Argentina faces a $3 billion bond collapse, Austrian economist Saifedean Ammous argues that Bitcoin could act as a long-term hedge against fiscal mismanagement. Legal & Regulatory 🔸Coinbase Lawsuit in Oregon Draws Justice Department Attention Coinbase is facing a class-action lawsuit in Oregon over alleged improper listing of unregistered securities. The U.S. Department of Justice has now intervened, signalling that regulators may tighten oversight of centralized exchanges and their token listing standards going forward. 🔸Swiss Banks Question Blockchain-Based Deposit Systems Switzerland’s leading financial institutions have published a joint study questioning the scalability and safety of blockchain for handling bank deposits. The findings caution against hasty replacement of traditional banking infrastructure with tokenized systems, especially in the absence of unified European regulation. 🔸France Backs Unified MiCA Passporting Framework French regulators have urged the EU to implement a single passporting rule under MiCA. This would allow licensed crypto firms in one EU country to operate across all member states, reducing regulatory fragmentation and helping Paris solidify its role as a crypto hub. 🔸SEC, Gemini Trust Come to Agreement The SEC has reached a partial settlement with Gemini Trust over alleged unregistered securities sales through its “Earn” program. 🔸Crypto-PAC Gains Momentum with 100+ Backers A pro-crypto political action committee (PAC) has secured funding from over 100 key backers, aiming to influence U.S. legislative elections in 2026. Their agenda focuses on privacy rights, stablecoin clarity, and preventing CBDC overreach. Infrastructure and Stablecoins 🔸KindlyMD Crashes 55% – Traders Warned of Volatility Web3 medical protocol KindlyMD saw its token plummet by 55% after a surge of retail interest. Trading groups on X advised swing traders to exit due to heightened volatility. The crash comes as on-chain activity shows major whales repositioning into stablecoins. 🔸Coinbase Responds to ‘Deposit Drain’ Myth Coinbase issued a statement debunking concerns that the rise of stablecoins threatens traditional exchange deposits. The exchange said that while stablecoin use is growing, most users still rely on custodial wallets and fiat gateways, and that “bank run” fears are exaggerated. 🔸Pump.fun Hits $1B Volume in September Solana-based memecoin launchpad Pump.fun has already surpassed $1 billion in trading volume this month.

📊 Market Overview – What Happened in the Last 24 Hours? The global crypto market cap today stands at $4.08 Trillion, rising 1.4% over the past 24 hours. Daily trading volume reached $165 Billion, showing continued appetite from institutional and retail investors alike. Bitcoin News 🔸ETH/BTC Ratio Drops to 0.05 Despite ETH Rally Ethereum has outperformed in recent weeks, yet the ETH/BTC ratio has dropped below 0.05 — the lowest since mid-2021. Analysts suggest this is due to a structural pivot among institutional investors, who continue to favour Bitcoin for long-term holdings, especially in ETF portfolios. 🔸Bitcoin Whale Dumping Resumes, Price Flatlines at $116K Bitcoin’s recent rally has stalled at $116,000, with large holders resuming offloads. On-chain data shows significant movement from wallets holding over 10,000 BTC, which analysts link to profit-taking following the summer surge. However, market depth remains strong, softening potential downside. 🔸Taproot’s ‘Trolling Value’ Turns Into Unexpected Utility A new analysis highlights how Taproot-enabled Ordinals, initially dismissed as ‘troll spam,’ have actually driven utility for Bitcoin. The scripting upgrades are now being used for on-chain file storage, token creation, and even basic DeFi primitives — reinvigorating Taproot’s original intent. 🔸Strategy Increases Bitcoin Holdings with $73B Purchase Investment firm Strategy has added another $73 billion worth of Bitcoin to its treasury. The purchase, attributed to ongoing macro hedging and weakening trust in fiat, brings its total BTC holdings to an estimated 720,000 BTC — making it the second-largest institutional holder after BlackRock’s ETF. Legal & Regulatory 🔸Trump Pushes to Oust Fed Governor Pre-Rate Cut Donald Trump has renewed efforts to replace a Federal Reserve governor ahead of a highly anticipated interest rate cut. 🔸Thailand Freezes Bank Accounts in Scam Crackdown Thailand’s central bank has frozen over 30,000 bank accounts as part of a sweeping anti-scam campaign. 🔸UK Crypto Groups Oppose BoE Stablecoin Cap UK crypto associations have published a joint statement opposing the Bank of England’s proposed cap on stablecoin transaction volumes. The groups argue the £10 million threshold would stifle innovation and reduce competitiveness of UK-based fintech firms building on tokenized payment rails. Infrastructure and Stablecoins 🔸Base Launches Native Token with Basecamp Airdrop Coinbase’s Layer 2 network, Base, has confirmed plans to release a native governance token. A new “Basecamp” campaign will reward early adopters and ecosystem participants. While details are scarce, insiders say the drop may include retroactive airdrops for top users across DeFi apps on Base. 🔸PayPal Expands Stablecoin Utility with P2P Links PayPal has introduced crypto P2P payment links that enable seamless stablecoin transfers between users — even those without PayPal accounts. The feature is now available in 30 countries. 🔸Helius Raises $500M for Solana Ecosystem Growth Helius Labs has secured $500 million in funding led by Nasdaq Ventures. The Solana-native dev platform plans to expand validator infrastructure and treasury management tools for DAOs. It will also launch grants for on-chain games and real-world assets. 🔸Polkadot DAO Approves $2.1B Supply Cap on DOT The Polkadot DAO has passed a landmark proposal introducing a hard cap of 2.1 billion DOT tokens — the first such cap in its history. Supporters argue the move ensures long-term scarcity and protects against inflation as staking rewards decrease over time. 🔸UK Stablecoin Cap Rebuttal Spurs DAO Coordination Following the Bank of England’s proposal, UK-based DAOs and fintech firms have begun coordinating to draft alternative regulatory frameworks. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

📊 Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap today is $4.16 Trillion, marking a 2.4% increase over the last 24 hours. Daily trading volume is at $164 Billion, signalling renewed momentum across Bitcoin and altcoins. Bitcoin News 🔸Bitcoin Bull Score Dips as Momentum Slows CryptoQuant data shows a bearish divergence in Bitcoin’s Bull-Bear Market Cycle indicator, signalling waning momentum. While price remains stable above $69K, declining on-chain activity and reduced inflows into perpetual contracts suggest traders are becoming cautious as markets cool. 🔸Altcoin Treasuries Surge While BTC Consolidates While Bitcoin price consolidates, capital is rotating into altcoins. Protocols like Toncoin, NEAR, and StarkNet are seeing treasury growth and rising TVL. 🔸UK’s Smarter Web Grows Bitcoin Treasury British firm Smarter Web announced plans to expand its Bitcoin treasury and pursue acquisitions of smaller firms. This follows a broader corporate trend of using BTC as a balance sheet hedge, echoing MicroStrategy’s long-term strategy. 🔸Bitcoin ETFs Now Support $4.1T Crypto Market Spot Bitcoin ETFs, launched earlier this year, have helped push global crypto market cap to $4.1T. With inflows stabilising, analysts believe ETFs are contributing to reduced volatility and increasing institutional participation. Legal & Regulatory 🔸Coinbase Challenges SEC Over Gensler’s Missing Texts Coinbase filed a legal motion asking the SEC to release personal communications from Gary Gensler that may reveal regulatory bias. The exchange claims Gensler held undisclosed talks with anti-crypto lobbyists while refusing formal engagement with Coinbase. 🔸UK Trade Groups Seek US Blockchain Alliance British blockchain associations are urging the UK government to establish closer regulatory cooperation with US tech partners, aiming to create a transatlantic framework for blockchain innovation and standards. 🔸New Malware Targets Crypto Users with Fake Jobs Security researchers flagged ‘ModStealer’, a new malware campaign distributing fake job ads to steal seed phrases and passwords. 🔸SBF Appeals Conviction Over Jury Instructions Sam Bankman-Fried’s legal team filed an appeal challenging the fairness of jury instructions during his fraud trial. They argue the judge improperly framed key definitions of intent, possibly influencing the outcome. CEXs and DEXs News 🔸Bitstamp Outpaces Robinhood in Crypto Volume Bitstamp has surpassed Robinhood in crypto trading volume for the first time, driven by growing institutional activity and improved API offerings. The platform’s expansion into derivatives is also attracting high-frequency traders. 🔸Gemini IPO Hype Lifts Crypto Stocks Gemini’s confirmed IPO plans, aiming for a $3B valuation, sparked a rally in crypto-related stocks listed on Nasdaq. The Winklevoss-led firm expects to raise $433M and accelerate global expansion following US regulatory hurdles. Infrastructure and Stablecoins 🔸WisdomTree Tokenizes Private Credit on Ethereum Asset manager WisdomTree has launched a tokenized private credit fund using Ethereum rails, offering institutional investors exposure to yield-bearing debt instruments with improved transparency and efficiency. 🔸TON’s Buyback Strategy Sparks Share Drop The TON Foundation began a stock buyback program, but its native token’s value fell due to low volume and concerns over treasury use. Observers say better transparency is needed to restore investor confidence. 🔸Tether Appoints Bo Hines as US CEO Tether has named Bo Hines, a former Congressman and tech entrepreneur, as CEO of its US operations. His focus will be on navigating regulatory changes and expanding stablecoin usage in US fintech ecosystems. 🔸Polymarket and Chainlink Boost Prediction Accuracy To improve prediction market trust, Polymarket will integrate Chainlink’s CCIP and oracle feeds for all new markets. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

📊 Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap today is $4.06 Trillion, showing a modest 0.4% gain in the last 24 hours. Trading volume reached $156 Billion, reflecting continued investor interest despite regulatory noise. Bitcoin News 🔸StarkWare Enables Bitcoin Verification on Mobile StarkWare has launched a lightweight zero-knowledge proof system for Bitcoin, allowing mobile devices to verify Bitcoin transactions without downloading the entire blockchain. This “ZK-powered” verifier could expand Bitcoin’s usability across light clients, improving decentralisation and mobile wallet security. Legal & Regulatory 🔸China Cracks Down on Hong Kong’s Stablecoin Plans Chinese authorities have reportedly instructed major state-owned banks to prevent any involvement in Hong Kong’s stablecoin experiments. The directive comes amid Beijing’s broader efforts to control capital flows and digital currency exposure, casting doubt on Hong Kong’s ambitions to become a stablecoin innovation hub. 🔸UK Petition Pushes Blockchain Recognition Coinbase is promoting a UK government petition that seeks official recognition of blockchain as a legitimate record-keeping technology. The petition argues for clearer legal frameworks around decentralised ledgers and could signal growing industry pressure for regulatory clarity in the post-Brexit fintech space. 🔸$2.6M Drained in NEMO Hack A hacker exploited unaudited code and a known vulnerability in the NEMO protocol, stealing $2.6 million in user funds. The project had previously ignored public warnings about the flaw. The exploit highlights ongoing smart contract security risks, especially for DeFi protocols rushing to market. 🔸Russia Considers Crypto Banking The Russian government is reviewing a proposal to launch a state-backed crypto bank aimed at combating fraud and assisting miners. The bank would facilitate legal crypto activities domestically and centralise oversight—part of Russia’s larger push to formalise its blockchain sector amid Western sanctions. 🔸SEC Delays BlackRock and Franklin Crypto ETF Decisions The U.S. Securities and Exchange Commission has postponed its decision on Bitcoin ETF applications from BlackRock and Franklin Templeton. CEXs and DEXs News 🔸Gemini Texts with CFTC Leak into Public Spotlight Private text messages between former CFTC commissioner Brian Quintenz and Gemini’s Tyler Winklevoss have been made public in the context of ongoing regulatory scrutiny. Infrastructure and Stablecoins 🔸Ethena Bows Out of USDh Race Ethena has exited the race to issue Hyperliquid’s new USDh stablecoin, ahead of the community vote on September 14. Native Markets is now the sole candidate remaining. 🔸21Shares Launches dYdX ETP 21Shares has unveiled a new exchange-traded product (ETP) tied to dYdX, allowing institutional investors to gain exposure to the decentralised derivatives protocol without direct on-chain interaction. 🔸Avalanche Eyes $1B Treasury Raise According to internal sources, Avalanche is quietly raising up to $1 billion in crypto assets to fund a new strategic investment vehicle. The capital is aimed at boosting DeFi liquidity, building native apps, and potentially acquiring distressed assets—similar to Solana’s recent treasury strategies. 🔸iPhone 17 to Boost Crypto Security Apple’s upcoming iPhone 17 is expected to include advanced memory protection features that could significantly improve private key storage and mobile crypto wallet safety. This could make iOS devices even more appealing for self-custody solutions and security-conscious users. 🔸Bitmine Increases ETH Holdings to $200M Bitmine has solidified its position as the largest Ethereum treasury by acquiring an additional $200 million worth of ETH. The move underscores institutional belief in Ethereum’s long-term value, especially as staking yields and L2 utility continue to grow. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

📊 Market Overview – What Happened in the Last 24 Hours? Global crypto market cap: $4.02 Trillion (↑1.8%) 24h trading volume: $157 Billion Bitcoin News 🔸Metaplanet Eyes Bitcoin-Backed Share Offering Tokyo-based Metaplanet plans to launch a Bitcoin-backed share offering in 2025. With 203 BTC already in treasury, the company aims to become a leading Bitcoin-linked equity. 🔸Strive and Asset Entities Merge, Add Bitcoin to Treasury Asset Entities’ shares surged over 40% after it agreed to merge with Strive, a firm known for its educational services. As part of the deal, the new entity plans to add Bitcoin to its treasury, following the corporate BTC accumulation trend. 🔸StarkWare Launches Bitcoin Verification on Mobile StarkWare released a lightweight Bitcoin SPV verification tool that allows mobile devices to securely verify BTC transactions using zero-knowledge proofs. Legal & Regulatory 🔸Stephen Miran Nominated to Federal Reserve Board Stephen Miran, a known critic of expansive monetary policy, has been nominated to the Federal Reserve Board by the U.S. Senate. 🔸India Holds Back on Full Crypto Regulation India has stopped short of introducing comprehensive crypto laws, citing concerns over systemic financial risks. Instead, it continues with piecemeal oversight through taxation and AML enforcement. 🔸Kyrgyzstan Proposes State Crypto Reserve A new bill in Kyrgyzstan aims to create a sovereign crypto reserve, signalling growing government interest in digital assets. 🔸SEC Chair Clarifies: ‘Most Tokens Are Not Securities’ SEC Chair Gary Gensler appeared to soften his stance, saying most tokens “may not be securities” and expressing support for super app platforms that combine messaging and payments. The remarks hint at a shift in approach amid pressure to provide regulatory clarity. 🔸Belarus Urges Banks to Embrace Crypto Belarusian President Alexander Lukashenko has urged the country’s banks to embrace crypto more actively to offset the impact of Western sanctions. His comments come as state-backed institutions explore blockchain infrastructure for trade and settlement. CEXs and DEXs News 🔸Gemini Reboots IPO Plans with $3B Valuation Goal Gemini is once again pursuing an IPO, this time targeting a $3 billion valuation after raising $433 million in fresh capital. The move reflects the exchange’s renewed confidence amid rising crypto adoption and institutional interest in custody and compliance-focused platforms. 🔸Kraken Enables Tokenized Stock Trading in Europe Kraken is launching tokenized stock trading in Europe via a partnership with xStocks, enabling 24/7 access to traditional equities using crypto. Backed by a regulated EU entity, the platform aims to blur lines between traditional finance and crypto. 🔸Binance and Franklin Templeton Expand Tokenization Efforts Binance and $1.5T asset manager Franklin Templeton are ramping up efforts to tokenize real-world assets. New tokenization products are expected to roll out by year-end, focusing on increasing liquidity and settlement efficiency in global capital markets. Infrastructure and Stablecoins 🔸ERC-7943: New Ethereum Standard for RWA Tokenization A new Ethereum standard, ERC-7943, aims to streamline the tokenization of real-world assets like bonds and real estate. 🔸Paxos Proposes New USDH Stablecoin via Hyperledger Paxos has submitted a proposal to issue USDH, a regulated stablecoin, in partnership with PayPal and Venmo. The new token would run on Hyperledger FireFly and integrate directly into consumer apps. 🔸Linea Restarts Mainnet Sequencer After Patch Linea, Consensys’ zk-rollup L2 for Ethereum, has restored its mainnet sequencer after downtime caused by a bug in its proof submission logic. The outage lasted hours but did not compromise funds. 🔸Figure Eyes $689M in IPO Proceeds Lending platform Figure Technologies is targeting up to $689 million in its IPO, leveraging investor appetite for blockchain-based lending solutions. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

📊 Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap today is $3.95 Trillion, showing a 1.0% gain over the last 24 hours. Total crypto trading volume stands at $159 Billion. Legal & Regulatory 🔸U.S. Democrats Propose New Digital Asset Market Rules Senate Democrats led by Sen. Jack Reed have unveiled a new proposal to regulate digital asset markets. The draft bill seeks to strengthen the CFTC’s authority over crypto commodity trading. 🔸Vietnam Launches 5-Year Crypto Pilot With Tight Oversight Vietnam’s government has approved a five-year pilot program allowing select crypto firms to operate under close regulatory watch. The initiative includes mandatory capital requirements and consumer protection clauses. 🔸U.S. Lawmakers Push for Bitcoin Reserve Clarity A group of U.S. Representatives is urging the Treasury to clarify details around a proposed Bitcoin reserve bill. The lawmakers argue that clearer definitions and guidelines are needed before proceeding, especially regarding custody, valuation, and monetary implications. 🔸Putin’s Advisor: U.S. Uses Stablecoins to Undermine Global Debt Sergey Glazyev, a top economic advisor to Vladimir Putin, claims that the U.S. leverages stablecoins to devalue its national debt while preserving global dominance. He argued that stablecoins are becoming instruments of American soft power. 🔸SEC Launches Task Force on Privacy vs Surveillance The SEC has quietly created a task force focused on the tension between financial surveillance and user privacy in crypto. CEXs and DEXs News 🔸HashKey Launches Fund for Institutional Crypto Treasury Models Hong Kong’s HashKey Group has unveiled a new fund targeting firms looking to adopt crypto-based treasury strategies. The fund will focus on digital asset management, custody, and compliance services tailored for institutional portfolios. 🔸OpenSea Sells Rare CryptoPunk NFT to Build NFT Reserve OpenSea has quietly sold one of its CryptoPunks for 600 ETH (~$2M) to initiate a reserve of historically significant NFTs. 🔸South Korea’s UBIT Exchange Debuts Ethereum L2 Korean exchange UBIT has launched its own Ethereum Layer 2 chain, designed to improve transaction speed and reduce gas fees for local users. 🔸Robinhood Joins S&P 500, Brings Crypto Closer to Wall Street Robinhood is officially joining the S&P 500, marking a major milestone for crypto exposure in traditional finance. Analysts see this as a bullish signal for stocks like Coinbase, which benefit from Robinhood’s continued integration of crypto services. Infrastructure and Stablecoins 🔸HSBC and BNP Paribas Back Institutional Tokenization Network Two of Europe’s banking giants — HSBC and BNP Paribas — are supporting the Canton Network, a blockchain built for tokenizing institutional assets. 🔸South Korean Unicorn Toss to Launch Crypto SuperApp in Australia Toss, valued at over $9 billion, is expanding its fintech offerings into Australia with a crypto-friendly super app. The app will include payments, investment, and a stablecoin wallet — part of Toss’s global expansion strategy. 🔸Nasdaq Invests in Gemini, Bets on Custody and Staking Nasdaq has made a strategic investment in Gemini to bolster its digital asset custody and staking infrastructure. The partnership will focus on institutional-grade services amid rising demand for compliant staking options. 🔸Hyperliquid’s USDH Stablecoin Sparks “Sky” Governance War Hyperliquid’s launch of its native stablecoin USDH has ignited a governance fight over the “Sky” protocol. Competing DAOs are bidding to control the stablecoin’s issuance framework, highlighting tensions between decentralisation and platform power. 🔸Ethereum L2 MegaETH Unveils Yield-Bearing Stablecoin Fund MegaETH, a new Ethereum Layer 2 chain, has launched a fund allowing users to deposit stablecoins for yield while supporting network security. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

📊 Market Overview The global cryptocurrency market cap stands at $3.98 Trillion, marking a 1.6% increase in the past 24 hours. Daily trading volume is at $132 Billion. Bitcoin News 🔸El Salvador’s 4-Year Bitcoin Journey Gets Mixed Reviews Four years into adopting Bitcoin as legal tender, El Salvador’s results remain divisive. While BTC purchases have appreciated in value and boosted tourism, critics argue there’s been little improvement in financial inclusion or long-term GDP growth. 🔸Bitcoin Whales Dump 115K BTC – Largest Sell-Off Since 2022 Whales offloaded over 115,000 BTC in a massive sell-off, the biggest since mid-2022, sparking short-term bearish sentiment. Analysts suggest this move might signal caution among large holders, especially as ETF-related optimism cools. 🔸Metaplanet Buys Bitcoin Again, Inspired by El Salvador Japanese firm Metaplanet added another $1.6M in BTC to its treasury, citing inspiration from El Salvador. This marks the company’s fifth BTC purchase this year. 🔸Germany Missed $5B Bitcoin Seizure Opportunity German authorities failed to seize 50,000 BTC (now worth over $5B) connected to piracy site Movie2K in time. Blockchain analytics firm Arkham revealed that the BTC remained untouched in cold wallets during a 10-year window. This highlights the need for faster crypto asset enforcement in digital investigations. Legal & Regulatory 🔸Nasdaq Seeks SEC Greenlight to List Tokenized Stocks Nasdaq is pushing for a rule change that would allow it to list tokenized equity products, aiming to modernize stock trading through blockchain tech. If approved by the SEC, this could bring major traditional assets onto crypto rails. 🔸Celsius CEO Alex Mashinsky Faces September Sentencing Disgraced Celsius founder Alex Mashinsky will receive his prison sentence in September following fraud and securities charges. Prosecutors claim he misled investors before the platform’s collapse. His fate could set a precedent for how U.S. courts handle future crypto fraud cases. CEXs and DEXs News 🔸Backpack Launches Regulated Crypto Futures in the EU Backpack Exchange officially launched MiFID II-regulated crypto futures in the EU after receiving CySEC approval. The move makes Backpack one of the few platforms offering regulated derivatives trading in Europe. Infrastructure and Stablecoins 🔸Kinto L2 Shuts Down After Hack Fallout – TVL Down 81% Ethereum L2 project Kinto is winding down operations after failing to recover from a major hack earlier this year. Total value locked has plunged 81%, and developers confirmed the protocol will sunset entirely in the coming months. The collapse raises new concerns about L2 resilience. 🔸Ethereum Adds $5B in Stablecoins in a Week Over the past week, Ethereum saw $5 Billion in new stablecoins added, pointing to rising demand for liquidity and DeFi activity. Analysts attribute the spike to higher interest from corporate treasuries and anticipation of upcoming spot ETH ETFs. 🔸Solana Treasury Receives $1.65B from Major Institutions Solana-based firm Forward Industries secured $1.65B in treasury commitments from Galaxy Digital, Jump Trading, and Multicoin Capital. This war chest is expected to fund new developer tools and ecosystem-wide liquidity pools, solidifying Solana’s position as a serious contender to Ethereum. 🔸CoinShares Merges with Vine Hill in $1.2B Deal Digital asset manager CoinShares has agreed to a $1.2 Billion merger with Vine Hill Partners. The deal aims to expand U.S. operations and bridge traditional finance with tokenized assets. CoinShares plans to launch a suite of tokenized investment products post-merger. 🔸Hyperliquid Integrates USDH with Stripe, MoonPay, Paxos Decentralized exchange Hyperliquid announced expanded integrations for its USDH stablecoin, partnering with Stripe, MoonPay, and Paxos. These partnerships will allow easier fiat on-ramps and off-ramps. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

📊 Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap stands at $3.88 Trillion, marking a 2.2% increase over the past 24 hours. Total crypto trading volume has reached $121 Billion, showing renewed momentum in both Bitcoin and altcoin markets. Bitcoin News 🔸 Riot & CleanSpark See Mining Output Surge Bitcoin mining firms Riot Platforms and CleanSpark reported significant growth in BTC production for August. Riot produced 552 BTC, while CleanSpark mined 659 BTC, both benefitting from improved weather conditions and higher transaction fees. 🔸 Private Companies Reinvesting Profits into Bitcoin Firms like River Financial are using a unique strategy: recycling 22% of their profits directly into Bitcoin. The move aligns with a broader trend where private companies adopt a “Bitcoin standard,” prioritising BTC accumulation to hedge against monetary debasement. 🔸 Trump’s American Bitcoin Debuts on Nasdaq, Gains 16% The Trump-associated “American Bitcoin” stock debuted on Nasdaq with volatile trading, ending up 16% on launch day. The project merges political branding with Bitcoin advocacy but faces scepticism due to its speculative nature and unclear fundamentals. Legal & Regulatory 🔸 Ukraine Moves Toward Full Crypto Legalisation Ukraine’s Parliament passed the first reading of a bill to legalise and tax cryptocurrencies. It proposes a 5% tax on profits and grants legal status to virtual assets and service providers. If passed, Ukraine would become one of the few countries with clear crypto taxation laws. 🔸 New Malware Targets Ethereum Smart Contracts A newly discovered malware strain named “EtherHiding” exploits the decentralised structure of Ethereum by embedding malicious scripts in smart contracts. The malware is used to deliver phishing sites to users, raising concerns over security loopholes in dApps. 🔸 Wintermute vs SEC: Tokens Are Not Securities Trading giant Wintermute has challenged the SEC’s view that certain network tokens are securities. It argues that tokens used for governance or utility do not meet the Howey Test criteria. This stance is part of a growing pushback from industry players against regulatory overreach. 🔸 CFTC Commissioner Warns on Prediction Markets Kristin Johnson of the CFTC raised concerns about the legal status of prediction markets like Polymarket. 🔸 1Money Stablecoin Project Gets Global Licences The infrastructure behind the 1Money stablecoin has secured regulatory licences in key jurisdictions, including Lithuania and the UAE. CEXs and DEXs News 🔸 Coinbase Says AI Now Writes 46% of Codebase Coinbase revealed that nearly half of its engineering code is now being generated with AI tools. This marks a massive shift in the development process, increasing efficiency while raising questions about security auditing and developer oversight. Infrastructure and Stablecoins 🔸 Ethereum Exchange Reserves Drop to 3-Year Low Exchange-held ETH has hit its lowest point in three years, dropping to just 12.5 million coins. Analysts believe the decline is driven by institutional accumulation, corporate treasuries, and ETF expectations, signalling long-term bullish sentiment. 🔸 Anchorage to Offer Institutional Staking on Starknet Anchorage Digital has announced staking services for Starknet, targeting institutional clients seeking ETH yields from L2 networks. The integration reflects growing demand for permissioned access to Layer 2 opportunities. 🔸 Trump-Linked WLFI Token Falls 40% Despite $47M Burn Whale wallets have lost millions after the WLFI memecoin — associated with Trump branding — plummeted 40% in value despite a $47 million token burn. 🔸 Mantle 2.0 Introduces DeFi + CeFi Convergence Mantle’s major upgrade — dubbed Mantle 2.0 — aims to create a new “meta” layer by bridging decentralised and centralised finance. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap stands at $3.96 Trillion, marking a 1.6% rise in the last 24 hours. Total cryptocurrency trading volume has reached $131 Billion. Bitcoin News 🔸 CIMG Inc Follows Metaplanet’s Lead with $1M Bitcoin Buy CIMG Inc, a US-based real estate investment firm, has announced the allocation of $1 million into Bitcoin, following a strategy pioneered by Japan’s Metaplanet. 🔸 Bitcoin ETFs Drive $332M Inflows While Ethereum Bleeds Spot Bitcoin ETFs saw $332 million in net inflows this week, with BlackRock’s IBIT and Fidelity’s FBTC leading the charge. Meanwhile, Ethereum-based investment products recorded $61 million in outflows, further widening the sentiment gap between the two assets. 🔸 Winklevoss-Led Firm Eyes Euronext Listing to Attract EU Bitcoin Treasury Investors Nakamoto, a Bitcoin-centric investment firm backed by the Winklevoss twins, is seeking a reverse listing on Euronext Amsterdam. CEXs and DEXs News 🔸 Coinbase Launches Index Futures on Crypto + Tech Stocks Coinbase Derivatives is launching two new futures indexes: COTI (Crypto Tech) and DTFI (DeFi Tech), tracking publicly traded firms with exposure to crypto innovation. 🔸 Crypto.com CEO Predicts Q4 Rally After Fed Rate Cuts Kris Marszalek believes anticipated Fed rate cuts could reignite the crypto bull market in Q4 2025. He also hinted at expanding the exchange’s AI integration to improve trading insights and personalization. 🔸 KuCoin Targets Dogecoin Miners with New Cloud Mining Platform KuCoin is launching a cloud mining service that supports Dogecoin and aims to capture 10% of DOGE’s global hashrate. The platform is positioned as a user-friendly entry into meme coin mining. 🔸 OKX Fined $2.6M by Dutch Regulator Dutch authorities fined OKX for offering crypto services to Dutch residents without a registration. While OKX has since adjusted its operations, the fine underscores tightening oversight in Europe. Infrastructure and Stablecoins 🔸 Ethereum Foundation Sells ETH Amid Research Grant Distributions The Ethereum Foundation has offloaded over $12 million worth of ETH in the past week, likely to fund research grants, ecosystem initiatives, and donations as part of its ongoing community development program. 🔸 Tron Inc Adds $110M TRX to Treasury Tron DAO has significantly boosted its treasury by adding $110 million worth of TRX, bringing its total holdings to over $220 million. 🔸 Galaxy Digital Tokenizes Its Own Stock on Solana Galaxy Digital has launched a tokenized version of its stock on the Solana blockchain, allowing 24/7 trading and composability across DeFi protocols. It’s seen as a major step toward on-chain TradFi integration. 🔸 DeFi Lending Surges 72% with RWA Collateral Lending activity in DeFi jumped 72% quarter-over-quarter, largely driven by institutional adoption of real-world assets (RWAs) as collateral. 🔸 Avalanche Sees Spike in DEX Volume Amid Memecoin Speculation Avalanche network activity has spiked due to increased DEX trading — driven in part by memecoin whales and trading bots. This has helped Avalanche reclaim mindshare after a slow Q2. 🔸 Trust Wallet Now Supports Tokenized ETFs and Stocks on ETH & Solana Trust Wallet has integrated with infrastructure providers to enable the trading of tokenized equities and ETFs. Users can now access traditional assets directly from their crypto wallet, leveraging Solana and Ethereum rails. 🔸 U.S. Bancorp Relaunches Bitcoin Custody Services After a two-year pause, U.S. Bancorp has resumed offering institutional custody for Bitcoin, signaling renewed interest from legacy financial institutions amid growing regulatory clarity. 🔸 Solana’s ‘Alpenglow’ Upgrade Passes Governance Vote Solana’s latest major upgrade, “Alpenglow,” has passed its governance vote and is now slated for implementation. The upgrade includes enhancements to staking, governance, and validator incentives. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap stands at $3.9 trillion, marking a 0.8% rise in the last 24 hours, with $154 billion in trading volume. Bitcoin News 🔸RAK Properties in the UAE to accept crypto for real estate RAK Properties, a major developer in Ras Al Khaimah, will begin accepting BTC, ETH, and USDT for international property transactions via Hubpay. 🔸Analyst foresees slow grind to $1M for Bitcoin Analyst PlanC suggests Bitcoin might rise gradually to $1 million over the next seven years via steadier gains and fewer dramatic cycles, as long-term institutional demand continues. 🔸$150K BTC potential if whales stop selling David Bailey of Nakamoto posits Bitcoin could surge ~36% to $150,000 once two large whale wallets stop selling. Analysts from Galaxy and Fundstrat are even forecasting up to $250K by year-end. 🔸Bitcoin ETPs now control 7% of total supply Exchange-traded products collectively hold 1.47 million BTC (7% of total supply), with BlackRock and Fidelity leading holdings. However, August saw $301 million in BTC outflows. CEXs and DEXs News 🔸Coinbase & OKX target Australia’s retirement market Both exchanges are launching services for Australian self-managed super funds (SMSFs), simplifying crypto integration into retirement saving structures. 🔸Bunni DEX suffers $2.4M stablecoin exploit A vulnerability in the liquidity rebalancing logic of Bunni (built on Uniswap v4) was exploited, leading to a $2.4 million USDT and USDC theft. The protocol has paused, offering a 10% bounty for fund return. 🔸Coincheck expands into Europe Japan’s Coincheck is acquiring French institutional crypto broker Aplo to expand within the EEA. Aplo holds a regulated brokerage license, and the deal sets Coincheck up for MiCA-compliant services. 🔸Gemini files for a $317M IPO The Winklevoss-founded team filed an S‑1 for Nasdaq listing under ticker GEMI, aiming to raise $317 million. Launch is backed by major financial institutions. Legal & Regulatory 🔸Discord “try my game” scam gains traction A growing scam involving malicious links on Discord has caused major losses—like one victim losing $170,000 in crypto and NFTs. Attackers exploit trust by posing as friends and pushing malware-enabled games. 🔸WLFI token holders targeted via EIP‑7702 exploit Early WLFI adopters were targeted using an Ethereum delegate exploit, allowing hackers to pre‑plant malicious contracts in wallets and swiftly steal tokens. 🔸August crypto hacks total $163M, concentrated in high-value targets Despite fewer incidents, strategic attacks on high-value wallets resulted in substantial losses, including $91M from a Bitcoiner and ~$50M from BTCTurk. 🔸Venus Protocol user loses $13.5M in phishing incident A major phishing attack led to a single user losing $13.5 million worth of assets on Venus. Infrastructure and Stablecoins 🔸$1.6B worth of gold tokenized into IRAs SmartGold partnered with Chintai to convert $1.6 billion in vaulted physical gold into tokenized assets for IRA use, unlocking DeFi applications. 🔸BitMine holds 1.87M ETH (1.5% of supply) As the largest institutional ether holder, BitMine increased its holdings to 1.87 million ETH (~$8.1B), watched closely by institutions including ARK Invest. 🔸Ether Machine raises $654M in ETH ahead of IPO Ethereum-focused firm Ether Machine secured 150,000 ETH (~$654M) from investor Jeffrey Berns. It plans to go public on Nasdaq as a major ETH treasury. 🔸Starknet suffers second outage in two months Starknet’s sequencer failure paused blocks for nearly three hours, forcing transaction resubmissions and raising concerns over L2 reliability. 🔸Ethereum’s largest testnet Holesky to shut down The foundation will retire Holesky post-Fusaka upgrade, migrating developers to the newer Hoodi testnet. Fusaka is slated for November, enhancing rollup efficiency and validator decentralization. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap stands at $3.84 trillion, reflecting a 0.8% increase in the last 24 hours. Trading volume hit $131 billion, as attention focused on BTC accumulation trends, macro rotation into ETH, and governance upgrades in Solana. Bitcoin News 🔸Whale buys $3.8B in Bitcoin, rotates into Ethereum An anonymous whale accumulated over $3.8 billion worth of BTC, then strategically shifted a significant portion into Ethereum. This massive rotation is being interpreted as a signal of smart money anticipating an ETH-led rally, especially with Ether ETFs gaining traction. 🔸Bitcoin acts like ‘gold and tech stock at once’ — analyst Market analyst Peter Brandt described Bitcoin as having a “split personality,” behaving like gold during inflation hedges and like a tech stock during speculative bull runs. He predicts Bitcoin could soon hit new all-time highs as ETF inflows and institutional adoption continue to rise. 🔸BTC whale’s Ether stake surpasses corporate holdings like SharpLink The Ethereum position built by the BTC whale now exceeds SharpLink’s entire corporate ETH treasury, suggesting individual capital flows are outpacing institutional accumulation in some cases. Analysts are watching to see if this trend continues across top wallets. 🔸Businesses now absorbing BTC at 4x the mining rate According to new on-chain data, corporate and institutional buyers are buying BTC at four times the rate it’s being mined. This creates a structural supply squeeze and supports the thesis that Bitcoin’s scarcity is accelerating price appreciation. Legal & Regulatory 🔸Crypto tokenization proposed in post-war Gaza plan A new report suggests using blockchain-based tokenization to track aid and reconstruction funds in Gaza. The model would allow transparent tracking of resource allocations and reduce corruption in large-scale relief efforts. 🔸South Korea FSC chair nominee slams crypto’s value Lee Chang-yang, nominee for the Financial Services Commission (FSC) chair in South Korea, declared that cryptocurrencies “have no intrinsic value”, triggering pushback from local blockchain industry leaders. The stance could affect crypto-friendly reforms. 🔸Crypto adoption is one cycle away from 5B users Circle’s head of research said the world is “one market cycle away” from crypto reaching 5 billion global users, pointing to emerging market stablecoin growth, remittances, and mobile-native wallets as key drivers of future mass adoption. Infrastructure & Stablecoins 🔸Solana votes overwhelmingly in favor of Alpenglow upgrade Over 99% of validators on the Solana network voted to approve the Alpenglow upgrade. The changes include improved transaction scheduling and support for “vote transactions,” aiming to boost throughput and validator fairness. 🔸Sonic Labs to expand into TradFi via DAO vote Sonic Labs passed a community proposal to integrate traditional finance products, such as tokenized credit and real estate, into its DeFi platform. The move marks another step toward merging real-world assets with on-chain liquidity. 🔸Trump-backed WLFI project to unlock $2.7B in tokens CoinMarketCap flagged WLFI, a Trump-endorsed crypto initiative, as preparing to unlock $2.7 billion worth of tokens. While public interest grows due to the political connection, concerns over tokenomics and unlock timing remain high. 🔸Binance invests $53M to expand in Mexico via MEXA token Binance is doubling down on Latin America, injecting $53 million into its Mexico expansion plan. The initiative includes partnerships with local banks and the launch of MEXA, a stablecoin aimed at boosting peso-based on- and off-ramps. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap sits at $3.83 trillion, reflecting a 3.4% increase over the past 24 hours. Trading volume reached $172 billion, with activity led by Bitcoin ETF flows, infrastructure innovation, and legal news. Bitcoin News 🔸Iris Energy (IREN) stock jumps 12% after record-breaking year Bitcoin miner Iris Energy saw its stock surge 12% after reporting a strong year marked by record mining revenue, hash rate growth, and infrastructure expansion. The company has doubled capacity since Q1, and investors are responding positively to its operational scaling. 🔸Bitcoin ETFs now dominate 10%+ of spot trading volume A new analysis shows that U.S.-listed spot Bitcoin ETFs (like IBIT, FBTC) now account for over 10% of BTC spot market volume on key days, indicating that institutional products are playing a growing role in price formation and liquidity. 🔸Amdax launches $23M Bitcoin treasury fund, targets 1% of total BTC Dutch crypto firm Amdax launched a $23 million Bitcoin fund aimed at accumulating 1% of the total BTC supply in the coming years. The fund is open to high-net-worth individuals and corporate treasuries looking to diversify into digital hard assets. Legal & Regulatory 🔸CFTC opens path for U.S. users to access regulated offshore crypto The CFTC proposed a framework that would let American users access licensed offshore crypto exchanges that meet U.S. standards. This could offer more product diversity while maintaining regulatory safeguards. 🔸Solana Foundation pledges $500K to Tornado Cash defense The Solana Foundation’s Institute for Policy pledged $500,000 toward the legal defense of Roman Storm, co-founder of Tornado Cash. The contribution supports developer rights amid concerns about criminalizing open-source software. 🔸Unicoin sued for $100M fraud, SEC claims filings were distorted The SEC has accused Unicoin Inc. of misrepresenting its investor filings, overstating capital reserves, and misleading backers in a $100 million fundraising scheme. The agency alleges that documents were falsified to appear SEC-compliant. Infrastructure & Stablecoins 🔸CoinShares reports $32M profit in Q2, AUM up 26% European digital asset manager CoinShares posted a $32 million net profit in Q2 2025, with assets under management growing 26% quarter-over-quarter. Strong ETF inflows and product demand across Europe contributed to the boost. 🔸Programmable money startup raises $100M for stablecoin suite A stealth-mode fintech company raised $100 million to launch programmable stablecoins and payment infrastructure. Backed by several venture firms, the startup plans to release tools that automate compliance, settlements, and contract execution using tokenized fiat. 🔸Avalanche transaction count rises as GDP-linked ETF launches Avalanche (AVAX) network activity surged, following the debut of a tokenized GDP-linked ETF using its blockchain. This real-world asset integration could serve as a model for traditional finance migrating to public ledgers. 🔸Tokenized alternative funds see record RWA inflows Institutional tokenized funds focused on private equity and credit markets saw a 53% rise in inflows over the last 90 days. These Real World Asset (RWA) funds offer compliant exposure with blockchain settlement and transparency. 🔸Ethereum developers propose intent-based ERC standards for interoperability Ethereum researchers unveiled a draft for a new intent-based architecture that would allow users to define actions rather than steps (e.g. “swap this token at best rate”). The proposed ERC would improve UX, multi-chain compatibility, and wallet abstraction. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap is $3.95 trillion, marking a 0.7% increase in the past 24 hours. Trading volume reached $142 billion. Bitcoin News 🔸El Salvador’s $1B Bitcoin bet sparks prediction markets boom Following El Salvador’s growing BTC holdings and bullish market conditions, platforms like Polymarket and Kalshi have launched contracts predicting whether the country’s Bitcoin stash will top $1 billion by year-end. 🔸 BitMart withdraws Hong Kong license application Crypto exchange BitMart has pulled its application to operate in Hong Kong under the city’s new Virtual Asset Service Provider regime. BitMart cited regulatory uncertainty and capital requirements as barriers. 🔸Ledn and Sygnum refinance $50M Bitcoin-backed loan Canada’s Ledn and Swiss bank Sygnum announced the successful refinancing of a $50 million BTC-backed loan, offering institutional clients stable yield with crypto-collateralized structures. CEXs & DEXs 🔸dYdX unveils Telegram trading and roadmap growth Decentralized exchange dYdX reported a profitable quarter and launched Telegram-based trading, allowing users to place orders via bot integrations. Their roadmap includes expanded derivatives pairs and Layer-1 enhancements. Legal & Regulatory 🔸CFTC teams up with Nasdaq for crypto surveillance The CFTC is working with Nasdaq to develop a financial surveillance tool designed to monitor digital asset trading for manipulation and insider trading. The move reflects growing federal oversight and infrastructure upgrades targeting crypto derivatives markets. 🔸Fenwick law firm denies FTX fraud claims Fenwick & West LLP, a former legal advisor to FTX, has denied claims that it facilitated the exchange’s fraud. A class-action suit alleges the firm provided strategic legal guidance used to shield illicit activity. 🔸Trump’s Fed chair shortlist includes crypto-friendly names Reports indicate that Donald Trump’s 11-person shortlist for Federal Reserve Chair includes several candidates with pro-crypto views, including supporters of asset tokenization and stablecoin-friendly policies. 🔸Philippines explores blockchain for national budget tracking Former senator Bam Aquino proposed using blockchain to track the Philippine national budget for real-time transparency. Infrastructure & Stablecoins 🔸Caliber stock drops amid Chainlink treasury and delisting fears Shares of CaliberCos plummeted after it revealed a Chainlink-based treasury integration and received a Nasdaq delisting notice. The firm had announced plans to use Chainlink for real-time data syncing but investors were spooked by financial disclosure issues. 🔸U.S. government taps Chainlink and Pyth for on-chain data A new initiative led by U.S. institutions will leverage Chainlink and Pyth oracles to publish macroeconomic data — like inflation and GDP figures — directly on-chain. 🔸Ethereum exit queue hits record $5B, sparking sell pressure talk The ETH staking exit queue surged to 96,000 validators — equivalent to over $5 billion — prompting concerns about sell pressure. Analysts cite validator churn from restaking projects and shifting yields, though no major price drop has followed yet. 🔸 Google unveils “universal ledger” blockchain strategy Google Cloud is developing a universal ledger system to serve as an institutional-grade blockchain infrastructure. It aims to bridge public and private chains for enterprises needing settlement. 🔸 Circle expands USDC payments via Mastercard and Finastra Circle has signed major deals with Mastercard and Finastra, integrating USDC into B2B cross-border payment rails. The move positions USDC as a competitor to SWIFT for real-time stablecoin settlements. 🔸 Nvidia beats earnings forecasts, crypto AI overlap fuels optimism Nvidia’s Q2 earnings smashed expectations as its chips remain central to both AI training and crypto mining infrastructure. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

🔸 Google unveils “universal ledger” blockchain strategy Google Cloud is developing a universal ledger system to serve as an institutional-grade blockchain infrastructure. It aims to bridge public and private chains for enterprises needing settlement, identity, and compliance in tokenized environments. 🔸 Circle expands USDC payments via Mastercard and Finastra Circle has signed major deals with Mastercard and Finastra, integrating USDC into B2B cross-border payment rails. The move positions USDC as a competitor to SWIFT for real-time stablecoin settlements between global institutions. 🔸 Nvidia beats earnings forecasts, crypto AI overlap fuels optimism Nvidia’s Q2 earnings smashed expectations as its chips remain central to both AI training and crypto mining infrastructure. Analysts note that rising demand for tokenized AI services, including models like Numerai, is boosting GPU-related sectors. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap is $3.95 trillion, marking a 0.7% increase in the past 24 hours. Trading volume reached $142 billion, with steady activity across Bitcoin, Ethereum, and infrastructure-related sectors. Bitcoin News 🔸El Salvador’s $1B Bitcoin bet sparks prediction markets boom Following El Salvador’s growing BTC holdings and bullish market conditions, platforms like Polymarket and Kalshi have launched contracts predicting whether the country’s Bitcoin stash will top $1 billion by year-end. With President Bukele doubling down on Bitcoin integration, investors are betting on geopolitical adoption as a macro driver. 🔸 BitMart withdraws Hong Kong license application Crypto exchange BitMart has pulled its application to operate in Hong Kong under the city’s new Virtual Asset Service Provider regime. BitMart cited regulatory uncertainty and capital requirements as barriers. It joins other firms stepping back from the region amid slow licensing approvals. 🔸Ledn and Sygnum refinance $50M Bitcoin-backed loan Canada’s Ledn and Swiss bank Sygnum announced the successful refinancing of a $50 million BTC-backed loan, offering institutional clients stable yield with crypto-collateralized structures. The deal reflects growing demand for compliant crypto lending solutions. CEXs & DEXs 🔸dYdX unveils Telegram trading and roadmap growth Decentralized exchange dYdX reported a profitable quarter and launched Telegram-based trading, allowing users to place orders via bot integrations. Their roadmap includes expanded derivatives pairs and Layer-1 enhancements, positioning dYdX as a user-friendly alternative to centralized platforms. Legal & Regulatory 🔸CFTC teams up with Nasdaq for crypto surveillance The CFTC is working with Nasdaq to develop a financial surveillance tool designed to monitor digital asset trading for manipulation and insider trading. The move reflects growing federal oversight and infrastructure upgrades targeting crypto derivatives markets. 🔸Fenwick law firm denies FTX fraud claims Fenwick & West LLP, a former legal advisor to FTX, has denied claims that it facilitated the exchange’s fraud. A class-action suit alleges the firm provided strategic legal guidance used to shield illicit activity, but Fenwick insists its role was strictly advisory. 🔸Trump’s Fed chair shortlist includes crypto-friendly names Reports indicate that Donald Trump’s 11-person shortlist for Federal Reserve Chair includes several candidates with pro-crypto views, including supporters of asset tokenization and stablecoin-friendly policies. A shift in leadership could impact future monetary and crypto regulation. 🔸Philippines explores blockchain for national budget tracking Former senator Bam Aquino proposed using blockchain to track the Philippine national budget for real-time transparency. The plan would integrate with citizen-facing dashboards to audit spending, reduce corruption, and modernize the country’s financial oversight. Infrastructure & Stablecoins 🔸Caliber stock drops amid Chainlink treasury and delisting fears Shares of CaliberCos plummeted after it revealed a Chainlink-based treasury integration and received a Nasdaq delisting notice. The firm had announced plans to use Chainlink for real-time data syncing but investors were spooked by financial disclosure issues. 🔸U.S. government taps Chainlink and Pyth for on-chain data A new initiative led by U.S. institutions will leverage Chainlink and Pyth oracles to publish macroeconomic data — like inflation and GDP figures — directly on-chain. This could support DeFi tools, insurance protocols, and yield-bearing stablecoins needing verified external inputs. 🔸Ethereum exit queue hits record $5B, sparking sell pressure talk The ETH staking exit queue surged to 96,000 validators — equivalent to over $5 billion — prompting concerns about sell pressure. Analysts cite validator churn from restaking projects and shifting yields, though no major price drop has followed yet.