Crypto News by Satoshi Club

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Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap is $3.98 trillion, reflecting a 2.1% increase in the last 24 hours. Trading volume reached $143 billion. Bitcoin News 🔸Hut 8 expands into the U.S., stock jumps 13% Canadian Bitcoin miner Hut 8 announced a significant expansion into the U.S. market, including new partnerships with high-power energy providers and hosting clients. 🔸Market cycles not tied to halvings, says analyst According to analyst David Puell, Bitcoin’s market cycles are increasingly influenced by macro liquidity and speculative flows, not just the halving schedule. He argues that BTC’s 4-year pattern is softening. 🔸Metaplanet plans $1.2B raise for Bitcoin buys Japanese public company Metaplanet revealed plans to raise 180 billion yen (~$1.2 billion) to increase its Bitcoin holdings. The firm aims to become Asia’s MicroStrategy. CEXs & DEXs 🔸Binance sees surge in stablecoin inflows, BTC breaks $70K Binance recorded $1.3 billion in stablecoin inflows in a single day, the highest since March. This liquidity boost preceded Bitcoin’s bounce back above $70,000, suggesting large players are preparing to re-enter long positions. 🔸Bitwise files for spot Chainlink ETF Bitwise has become the first asset manager to file for a spot Chainlink ETF with the SEC. If approved, the fund would track the LINK/USD price and mark a major milestone. 🔸Cronos (CRO) jumps 40% amid Trump Media tie-in CRO, the native token of Crypto.com’s Cronos chain, rallied 40% following speculation that Trump Media & Technology Group could integrate CRO for payments. 🔸Plasma XPL token manipulated via Hyperliquid? Plasma XPL’s massive price surge raised red flags, as a single whale reportedly used Hyperliquid perpetuals to create artificial demand. Legal & Regulatory 🔸Polymarket secures $70M investment Decentralized prediction market Polymarket raised $70 million from 1789 Capital. Donald Trump Jr. was appointed to the board, fueling political interest in blockchain-based prediction platforms ahead of the U.S. election. 🔸Cantor CEO says blockchain will power U.S. economic data Howard Lutnick, CEO of Cantor Fitzgerald, stated that blockchain commerce will soon underpin U.S. economic measurements like CPI and GDP. 🔸Canary Capital files Trump-themed “TRUMP Coin ETF” Canary Capital submitted a filing for the “American Values TRUMP ETF”, composed of U.S.-based crypto companies aligned with Donald Trump’s economic policies. The SEC is reviewing whether political branding meets ETF compliance rules. 🔸U.S. appeals sentences of HashFlare co-founders Federal prosecutors are appealing the “too lenient” sentences given to HashFlare’s founders, who were convicted of orchestrating a $575 million crypto fraud. The DOJ seeks stricter sentencing due to the scale and sophistication of the scheme. 🔸Crypto industry pushes Senate for developer protections Major crypto advocates—including Coinbase and the Blockchain Association—submitted a letter urging the U.S. Senate to include developer liability protection and DeFi carve-outs in the upcoming market structure bill. Infrastructure & Stablecoins 🔸Tether launches USDT0 and XAUT0 on Polygon Tether has released new versions of its USDT and gold-backed XAUT stablecoins on Polygon, with faster settlement and zero gas fees. 🔸Base overtakes Solana in NFT trading volume (30-day) Coinbase’s L2 network Base surpassed Solana in 30-day NFT trading volume, driven by rising meme token activity and NFT mints like “Based Apes”. 🔸Webull reboots crypto services in the U.S. and expands to Australia Webull is reentering the U.S. crypto space with updated licensing and institutional-grade custody. Simultaneously, it has launched in Australia, offering trading for 35+ crypto assets with low fees and live market data. 🔸JPMorgan invests in Numerai’s $500M AI-powered crypto hedge fund JPMorgan-backed investors joined Numerai’s new fund, which leverages AI to trade crypto assets and derivatives. The $500 million fund uses encrypted data science models.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap is $3.89 trillion, marking a 1.9% increase over the past 24 hours. Daily trading volume reached $189 billion, reflecting steady investor activity across major coins and infrastructure projects. Bitcoin News 🔸Altcoins are helping Bitcoin adoption, says Tim Draper Venture capitalist Tim Draper believes altcoins play a critical role in Bitcoin’s success. He argues that the broader crypto ecosystem—including tokens focused on DeFi, gaming, and social finance—brings new users and utility into the space, indirectly boosting Bitcoin awareness and demand. 🔸UAE ranks 6th globally with $700M in Bitcoin holdings The United Arab Emirates now holds an estimated $700 million in Bitcoin, placing it 6th in the world among sovereign holders. The country’s pro-crypto regulatory framework and government-linked investment funds have accelerated BTC accumulation as part of broader digital asset diversification. 🔸Bitcoin ETFs end outflow streak with $219M inflow After a six-day run of outflows, U.S. spot Bitcoin ETFs saw a reversal, pulling in $219 million—led by Fidelity and BlackRock. The renewed inflow reflects improving sentiment after regulatory progress and recent BTC price stabilization. CEXs & DEXs 🔸CZ’s family office launches U.S. BNB treasury program Changpeng Zhao’s Merkle Foundation, a family office created after his departure from Binance, has launched a BNB-backed treasury yield product for U.S. institutions. The product offers exposure to BNB-denominated returns while navigating U.S. regulatory hurdles via a structured notes format. 🔸Gemini, Coinbase expand retail tools, XRP hits Mastercard Gemini and Coinbase are rolling out upgraded features across iOS and Android, including portfolio analytics and instant fiat ramps. Meanwhile, Mastercard is reportedly exploring XRP integrations for cross-border settlement pilots. 🔸Bitpanda rules out London IPO, eyes Frankfurt or New York Austrian crypto broker Bitpanda said it won’t list in London due to poor liquidity and Brexit-related constraints. It is considering Frankfurt or New York instead, where institutional interest in tokenization and crypto derivatives is growing. Legal & Regulatory 🔸Regulators crack down on tokenized stocks globally Authorities in the U.S., UK, and Asia are tightening their grip on tokenized stock platforms, arguing that these synthetic shares blur the line between securities and digital assets. The crackdown impacts platforms offering fractionalized versions of Tesla, Apple, and other public equities. 🔸Canary Capital files for “American Made Crypto” ETF Canary Capital has filed with the SEC for an ETF composed solely of U.S.-based crypto companies. The ETF aims to support American innovation and reduce reliance on foreign exchanges and infrastructure. Infrastructure & Stablecoins 🔸Sharps Technology stock surges after $400M Solana treasury plan Sharps Technology announced plans to move $400M into Solana as a long-term treasury asset, causing its stock to spike 37%. The company cited SOL’s speed, security, and rising adoption as factors in its allocation. 🔸Sequans files $200M offering to buy Bitcoin French semiconductor firm Sequans has filed for a $200 million equity raise to fund a Bitcoin purchase strategy. The firm sees BTC as a hedge against inflation and currency risk in its global operations. 🔸Tom Lee says ETH bottom is near as Bitmine buys more Fundstrat’s Tom Lee believes ETH will bottom out within hours amid recent price dips. Meanwhile, Bitmine Capital acquired another $50M in ETH, reinforcing institutional confidence in Ethereum’s long-term growth. 🔸Solana dev accidentally charged $5K by Google Cloud A Solana developer was hit with a $5k bill after a misconfigured query to Google Cloud’s BigQuery. The incident raised concerns over developer tooling costs and the need for better billing alerts in Web3-native cloud usage. For a more detailed overview of what's happening in crypto, check out our newsletter. Going live twice a week!

🔸Citi exec: stablecoin yields are draining traditional bank deposits A Citi report warned that high-yield stablecoins (4–6%) are siphoning cash away from traditional deposits, especially in Southeast Asia and Latin America. This trend could pressure banks to modernize or lose customers to decentralized finance products.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap sits at $3.96 trillion, reflecting a 2.8% gain in the past 24 hours. Total trading volume hit $216 billion, as volatility surged amid large-scale trades and bullish accumulation. Bitcoin News 🔸 MicroStrategy adds 6,341 BTC in August—total holdings now over 226,000 BTC Michael Saylor’s MicroStrategy made its third major Bitcoin buy this month, acquiring 6,341 BTC for $357 million, at an average of ~$112,586 per coin. This brings its total to 226,331 BTC, worth over $25 billion, cementing its position as the world’s largest corporate Bitcoin holder. 🔸 $11B Bitcoin whale closes $450M ETH long position A high-profile crypto whale—believed to hold over $11 billion in BTC—closed a $450 million ETH long, cashing out 108,000 ETH. On-chain analysts suspect this profit-taking may have contributed to short-term ETH price weakness, alongside cascading liquidations. 🔸Bitcoin flash crash blamed on whale-led ETH dump BTC briefly dipped below $112,000 amid a rapid ETH sell-off triggered by major whale movements. Analysts believe large ETH liquidations created cascading effects across DeFi lending platforms, which bled into BTC as traders de-risked. The market recovered quickly but reminded traders of fragility in high-leverage moments. Legal and Regulatory 🔸Pavel Durov slams French government over frozen crypto case Telegram founder Pavel Durov criticized France for “delaying justice” after authorities froze millions in crypto assets tied to his brother Nikolai. Despite no formal charges, the case has dragged on for over 18 months, raising concerns about due process and crypto asset seizures in the EU. 🔸 LayerZero wins Stargate acquisition in four-way bidding war After intense competition involving Wombat, GSR, and others, LayerZero acquired Stargate Finance, solidifying its dominance in cross-chain bridging infrastructure. The deal gives LayerZero control of Stargate’s liquidity pools and technology—critical to its “omnichain” ambitions. 🔸Eric Trump claims Biden’s financial weaponization turned their family pro-crypto Speaking at a campaign event, Eric Trump alleged the Biden administration’s pressure on traditional banks forced the Trump family to embrace crypto. He positioned Bitcoin and self-custody as a counterbalance to politicized financial institutions. 🔸Grayscale files for spot Avalanche ETF under ticker AVAX Grayscale is expanding its product line by filing for a spot Avalanche ETF, which would be the first of its kind in the U.S. This comes on the heels of its spot Bitcoin ETF approval and signals demand for multi-chain exposure in traditional markets. Infrastructure and Stablecoins 🔸SBI Group partners with Chainlink to expand RWA tokenization in Asia Japanese financial giant SBI is integrating Chainlink CCIP into its infrastructure to streamline real-world asset (RWA) tokenization. This move enables secure cross-chain transactions between TradFi and DeFi, pushing Asia’s financial markets closer to blockchain adoption. 🔸Animoca: RWA tokenization growth limited only by $400T TradFi ceiling Animoca Brands’ chairman Yat Siu said the only ceiling on real-world asset growth is the $400 trillion TradFi asset base. He views RWA tokenization as the biggest long-term driver for DeFi, surpassing meme coins or Layer 1 speculation. 🔸Arthur Hayes backs Hyperliquid, hints at 126x upside Former BitMEX CEO Arthur Hayes has endorsed Hyperliquid, calling it a likely “next-gen perpetuals exchange” with huge upside. He suggests the platform could outperform legacy DEXs like dYdX and GMX if it scales liquidity efficiently. 🔸Crypto funds suffer $1.4B outflows, mainly from Bitcoin and Ethereum Despite bullish headlines, digital asset funds saw $1.4 billion in net outflows this week, led by Bitcoin (-$974M) and Ethereum (-$402M). Analysts blame short-term profit-taking and rising volatility as BTC approached resistance levels near $125K.

🚀 Top 10 Crypto Headlines — Last Week (Aug 18–24, 2025) 1. BTC $124K! ETH $4,956! BNB $900! 🚀 New ALL-TIME HIGHS before a brutal profit-taking dump. Crypto went vertical — then crashed hard. 2. Powell Hints Rate Cut → Crypto MOON 🌕 Fed Chair’s speech sparked a $4T market cap surge! Bulls back in control, charts going wild! 3. Institutions FOMO In 🏦 Over $3.75B flows into crypto ETFs — Ether leads the pack as billionaires like Thiel load up big. 4. Wyoming’s Stablecoin Revolution 🇺🇸 First U.S. state-backed stablecoin goes live + MetaMask drops mUSD bombshell. Regulatory game-changer! 5. Trump Token RUGGED! 💥 His “crypto coin” crashes 80% amid reports of Saudi cash, shady deals, and family profits. Chaos. 6. DOGE ETF Incoming? 🐕 Grayscale files DOGE ETF → Meme coin mania erupts! SOL jumps 12% as alt season teaser kicks in. 7. Circle IPO Shakes Wall Street 🏛 The $USDC giant goes public → Stablecoins enter mainstream finance as China’s yuan token buzz grows. 8. Robinhood Goes DeFi 🦊 Launches Ethereum Layer-2 → Lower fees, faster swaps, millions onboarded. The L2 wars just started. 9. SEC Sparks ETF Frenzy 📈 Approves in-kind redemptions → Solana ETFs next? UK retail access opens floodgates for fresh liquidity. 10. DeFi Volume Records SMASHED 🔥 Hyperliquid hits $29B daily volume, Aave crosses $3T deposits. The prediction market era begins.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap has reached $4.07 trillion, rising 3.0% in the last 24 hours. Trading volume surged to $283 billion, driven by rising Bitcoin dominance, IPO momentum, and increased institutional interest. Bitcoin News 🔸Norway’s sovereign wealth fund indirectly gains $5B in BTC exposure Through major investments in U.S. Bitcoin ETFs like BlackRock’s IBIT and Fidelity’s FBTC, Norway’s $1.7T Government Pension Fund now has ~14,000 BTC exposure (~$5B). This positions the fund as one of the world’s largest indirect Bitcoin holders, despite not holding BTC directly. Its biggest exposure comes from a 3.16% stake in BlackRock. 🔸Trump Jr.-linked firm raises $50M to buy 1,500 Bitcoin miners Power Americas Resource Group—whose chairman is Donald Trump Jr.—secured $50 million in funding and plans to acquire 1,500 mining rigs to kickstart U.S.-based crypto mining. The company is positioning itself as a politically aligned crypto infrastructure firm ahead of November elections. 🔸Bitcoin flips Google in market cap after breaking $124K Bitcoin surged past $124,000, pushing its market cap to $2 trillion—overtaking Google’s $1.97 trillion. This milestone marks a psychological turning point for many investors, elevating BTC to the same league as the biggest tech giants. 🔸Samson Mow: Bitcoin could “Godzilla up” or retrace soon JAN3 CEO Samson Mow says BTC is nearing a “vertical phase,” where price could either skyrocket or face a sharp correction. He warns that altcoin mania may signal a temporary peak, but institutional inflows remain strong, suggesting longer-term strength. Legal and Regulatory 🔸Google Play Store updates rules for crypto wallet apps Starting December, Android developers offering non-custodial wallets must prove compliance with regional licensing. Google will require clear KYC disclosures and prohibit hidden mining or staking features. The move tightens oversight as Web3 expands into mobile. 🔸North Korean IT worker hacked—then got counter-hacked Security researchers revealed that a sanctioned North Korean operative was hacked by anonymous vigilantes. They uncovered tools used to infiltrate U.S. firms via fake LinkedIn profiles and push crypto-malware. 🔸Justin Sun sues Bloomberg over Billionaires Index exclusion TRON founder Justin Sun is suing Bloomberg for omitting him from its Billionaires Index, alleging defamation and reputational harm. The lawsuit may test how crypto wealth is recognized in traditional financial media. 🔸Vietnam police bust $1B crypto Ponzi scheme tied to Paynet Coin Authorities arrested 13 individuals linked to Paynet Coin, a fraudulent investment network that stole over $1 billion from victims. The scheme promised 360% returns and fake exchange access. It’s one of the country’s biggest crypto frauds to date. Infrastructure and Stablecoins 🔸ARK Invest buys $17.2M in Bullish shares after IPO debut ARK acquired $17.2M worth of Bullish (formerly Block.one) stock, betting on the exchange’s long-term success post-IPO. The move underscores ARK’s faith in crypto infrastructure as the sector evolves beyond layer-1 assets. 🔸SPAR Switzerland enables crypto payments at 300+ stores One of Europe’s largest supermarket chains now allows BTC, ETH, USDT, and SOL payments at 300+ locations via Inapay. Customers scan a QR code at checkout, helping crypto gain traction in everyday retail. 🔸BNB Chain outlines strategy to connect Wall Street and Main Street BNB Chain’s new roadmap focuses on linking institutional finance (via real-world assets and compliance tools) with DeFi apps. Features include native yield vaults, tokenization tools, and modular rollups. 🔸Block Inc. debuts “Proto” Bitcoin mining system Block (formerly Square) launched Proto, a modular, open-source Bitcoin mining rig focused on decentralizing hashpower. It supports plug-and-play components for home or industrial miners and reflects Jack Dorsey’s long-term BTC commitment.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap stands at $4.23 Trillion, rising 2.6% in the last 24 hours. Daily trading volume is at $225 Billion, marking renewed interest across major tokens and altcoins. Bitcoin News 🔸Kazakhstan Approves BitGo-Backed Bitcoin ETF BitGo has teamed up with the Kazakhstan Stock Exchange to launch the country’s first spot Bitcoin ETF, managed by the investment firm Halyk Finance. This development marks a significant shift for Central Asia, positioning Kazakhstan as a pioneer in crypto-backed financial products within the region. 🔸Norway’s Sovereign Wealth Fund Quietly Gains Bitcoin Exposure The Norwegian Government Pension Fund, the world’s largest sovereign wealth fund, now holds indirect Bitcoin exposure through its investments in public companies with BTC on their balance sheets. The fund’s exposure reportedly reached ~1,400 BTC, further legitimizing Bitcoin as a macro hedge in institutional portfolios. Legal & Regulatory 🔸HashFlare Co-Founders Face Up to 7 Years in Prison U.S. prosecutors are recommending a 7-year sentence for the co-founders of HashFlare, who allegedly orchestrated a massive crypto fraud scheme involving fake mining contracts. The case involved defrauding investors out of $575 million, and the DOJ argues it significantly damaged trust in crypto startups. 🔸U.S. Government Seizes $1M in Crypto from Ransomware Gang Authorities shut down multiple sites operated by the BlackSuit ransomware group and seized over $1 million in crypto. The operation targeted sites used to facilitate extortion and laundering efforts. Victims included critical U.S. infrastructure, and officials say this sends a strong message to other threat actors. CEXs and DEXs News 🔸Former Binance Dealmaker Launches Tokenized Funds Platform Gin Chao, a former key executive at Binance, has co-founded a new tokenized funds platform under Hilbert Group. The goal is to bridge traditional finance and blockchain through compliant investment vehicles, targeting institutions seeking regulated exposure to crypto markets. 🔸Crypto Crime Unit Recovers $250M Tied to Binance A U.S. crypto crime unit has revealed it recovered over $250 million linked to illicit activity on Binance. The funds were allegedly associated with scams, ransomware, and money laundering. This comes as regulatory scrutiny of Binance remains high across multiple jurisdictions. 🔸Coinbase Reboots Stablecoin Fund to Boost USDC DeFi Liquidity Coinbase has revived its USDC-focused liquidity program, aimed at increasing DeFi participation and reducing reliance on volatile assets. The move aligns with broader efforts to enhance stablecoin utility, particularly for institutions seeking low-risk yield. Infrastructure and Stablecoins 🔸Grayscale Launches New Trusts for SUI-Based Protocols Grayscale Investments is expanding beyond traditional crypto trusts by launching two new vehicles tracking protocols built on the Sui blockchain: SUI Staking and Cetus DEX. This marks Grayscale’s first entry into ecosystem-specific DeFi protocols and signals rising interest in layer-1 diversity. 🔸BNY Mellon and OpenEden Tokenize U.S. Treasuries Banking giant BNY Mellon has partnered with OpenEden to issue tokenized U.S. Treasury products, targeting institutional investors. This initiative merges TradFi stability with on-chain transparency, offering real-time settlement and 24/7 market access—key demands for global funds. 🔸Metaplanet’s Stock Outperforms Japan’s Top Indexes Metaplanet, dubbed Japan’s “MicroStrategy,” has outpaced the TOPIX Core 30 in 2025, largely due to aggressive Bitcoin accumulation. The company’s stock has surged alongside its treasury strategy, which mirrors the BTC-first approach taken by firms like MicroStrategy and Smarter Web.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap is $4.1 trillion, up 0.5% in the past 24 hours. Total daily trading volume stands at $173 billion, with Bitcoin and Ethereum ETFs driving inflows alongside corporate and institutional adoption moves. Bitcoin News 🔸 Steak ’n Shake credits Bitcoiners for 11% sales jump US fast-food chain Steak ’n Shake reported an 11% year-over-year sales increase in Q2, attributing much of the boost to Bitcoin-friendly customers. The brand’s Bitcoin payment integration, rolled out nationwide earlier this year, has reportedly brought in high-spending, repeat visitors. 🔸Bithumb slashes crypto loan leverage South Korean exchange Bithumb cut its crypto lending leverage from 10x to 5x and halved maximum loan limits. The move aims to curb speculative borrowing and align with local regulator guidelines amid rising volatility. 🔸Metaplanet & Smarter Web add $100M to Bitcoin treasuries Japan’s Metaplanet and the UK’s Smarter Web Company jointly announced $100 million in new Bitcoin purchases. Metaplanet’s treasury now exceeds 17,500 BTC, while Smarter Web is expanding its BTC-denominated bond program. Legal & Regulatory 🔸GENIUS Act bans interest on stablecoins but fuels tokenization The GENIUS Act, now awaiting presidential signature, will prohibit yield payments on stablecoins but is expected to drive adoption of tokenized real-world assets (RWAs). Analysts say the move could shift liquidity into compliant tokenization platforms. 🔸FTX users strengthen lawsuit against Sullivan & Cromwell FTX creditors amended their lawsuit, alleging the law firm played a “central role” in enabling fraud by providing legal cover for questionable transactions. They claim the firm knew of misappropriated customer funds. 🔸Ex-SEC commissioner calls for clarity in Ripple aftermath Paul Atkins, former SEC commissioner, said the Ripple case highlights the urgent need for clear digital asset regulations. He warned that ongoing uncertainty risks pushing US innovation offshore. 🔸Monero’s Qubic hit by selfish-mining 51% attack Monero’s Qubic AI project suffered a 51% network attack using selfish-mining tactics. The attacker temporarily gained control over block production, highlighting vulnerabilities in smaller proof-of-work networks. 🔸Do Kwon found guilty of fraud in Terraform Labs trial A South Korean court convicted Terraform Labs founder Do Kwon of fraud over the collapse of TerraUSD and LUNA. Prosecutors are seeking a lengthy prison sentence and restitution for investors. Infrastructure & Stablecoins 🔸Ether ETFs hit $1B weekly inflows Ethereum ETFs recorded over $1 billion in inflows last week, their highest on record. The surge coincided with ETH’s price climbing above $4,100, as institutional demand accelerated post-approval. 🔸Paxos secures US bank license Stablecoin issuer Paxos received conditional approval for a US national bank charter, enabling it to issue regulated stablecoins under federal oversight. The move could set a precedent for other issuers. 🔸$25M BONK treasury buy by Nasdaq-listed firm A Nasdaq-listed blockchain gaming company announced a $25 million BONK token allocation to diversify its treasury. Executives said the memecoin’s vibrant community offers marketing and partnership potential. 🔸Circle launches ARC, a Layer-1 blockchain for USDC USDC issuer Circle unveiled ARC, its own Layer-1 network optimized for payments, compliance, and interoperability. ARC will integrate native USDC issuance and on-chain identity tools.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap stands at $4.08 trillion, up 0.9% in the last 24 hours. Trading volume reached $179 billion, reflecting continued institutional interest and infrastructure growth across Bitcoin, DeFi, and AI-linked ventures. Bitcoin News 🔸Michael Saylor reflects on 5 years of BTC strategy MicroStrategy’s Michael Saylor says the company’s five-year Bitcoin strategy has “exceeded expectations,” highlighting BTC’s role as a treasury reserve asset immune to inflation and currency debasement. MicroStrategy now holds over 226,500 BTC worth ~$26B and continues to buy aggressively during market dips. 🔸Willy Woo: Bitcoin could be the perfect asset for 1,000 years On-chain analyst Willy Woo described Bitcoin as the “perfect asset” with properties that could last millennia—decentralization, fixed supply, and censorship resistance. He compared BTC’s potential to gold’s centuries-long relevance but with superior portability and verifiability. 🔸Strategy Ltd. celebrates 5 years of BTC adoption with 155 BTC purchase To mark five years of holding Bitcoin, Strategy Ltd. bought 155 BTC (~$18M). The firm cited BTC’s resilience against macroeconomic shocks and its role in diversifying corporate reserves. CEXs & DEXs 🔸Bullish eyes IPO amid institutional demand surge Crypto exchange Bullish is preparing for an IPO, targeting a valuation that could exceed $15B. CEO Tom Farley cited rising institutional crypto allocations, robust derivatives volumes, and increased regulatory clarity in key markets as growth drivers. Legal & Regulatory 🔸S&P Global assigns ‘B-’ rating to Sky Protocol DeFi lending platform Sky Protocol received a B- speculative-grade rating from S&P Global. While the rating reflects strong user growth and on-chain transparency, analysts cited regulatory uncertainty and market volatility as ongoing risks. 🔸Europe’s first MiCA-compliant crypto fundraising platform launches A new platform in Europe now offers MiCA-compliant token fundraising, allowing projects to raise capital legally across the EU’s 27 member states. It includes investor protections, audited smart contracts, and standardized disclosures. 🔸Corporate BTC adoption raises ‘Fort Knox’ nationalization concerns Analysts warn that if corporate Bitcoin reserves grow too large, governments could consider nationalization measures—similar to U.S. gold seizures in the 1930s—to secure strategic assets in times of crisis. Infrastructure & Stablecoins 🔸World Mobile launches ‘Stratospheric’ high-altitude connectivity World Mobile has deployed stratospheric balloons to deliver internet coverage in remote regions, integrating blockchain payments for affordable access. This infrastructure aims to serve unbanked populations while monetizing unused bandwidth. 🔸LayerZero’s Stargate tokens rally on $110M acquisition proposal Interoperability protocol LayerZero proposed acquiring Stargate Finance’s governance tokens for $110M. The move would consolidate cross-chain liquidity control and align governance under LayerZero’s roadmap. 🔸Tether and Rumble acquire Northern Data to expand into AI Tether and video platform Rumble have completed the full acquisition of Northern Data, a European data center operator, to accelerate AI infrastructure. The partnership merges blockchain and AI to create high-performance computing hubs. 🔸Chainlink brings ICE forex & precious metals data on-chain Chainlink has partnered with ICE to provide real-time FX and precious metals pricing on-chain. This integration enables DeFi developers to build derivatives, lending markets, and hedging tools tied to traditional assets. 🔸Alt 5 Sigma raises $1.5B for first ‘World Liberty Financial’ corporate treasury Canadian fintech Alt 5 Sigma secured $1.5B to launch World Liberty Financial, a corporate treasury integrating crypto, commodities, and tokenized bonds. The goal is to offer multinational firms blockchain-based balance sheet management.

Market Overview — What Happened in the Last 24 Hours? The global cryptocurrency market cap now stands at $3.89 trillion, up 1.3% over the past 24 hours. Trading volume reached $142 billion, showing resilient participation across Bitcoin, DeFi, and institutional infrastructure sectors. Bitcoin & BTCFi News 🔸 IREN outpaces Marathon: Mines 728 BTC in July amid AI pivot IREN mined 728 BTC in July—surpassing Marathon’s 703 BTC—despite having lower hashpower. Its July revenue hit $86 million, with $2.3M of that from its growing AI cloud business powered by new Nvidia Blackwell GPUs. 🔸Bitcoin DeFi startup BOB secures $21M from top investors Build on Bitcoin (BOB) raised $9.5M in its latest round, part of a total $21M. Investors like Castle Island and Anchorage back its hybrid Layer‑2 infrastructure and upcoming BitVM bridge that enables native BTC DeFi without wrapping or custody. 🔸BTCFi sees $175M VC funding in H1 2025—consumer apps lead the charge Bitcoin-focused DeFi (BTCFi) raised $175M across 32 rounds in H1 2025, with investments shifting toward user-facing apps and momentum products. CEXs & DEXs Highlights 🔸Coinbase introduces 0.1% fees for USDC→USD conversions over $5M monthly Starting August 13, Coinbase will charge 0.1% on net USDC-to-USD conversions exceeding $5M per 30-day period, down from its previous higher zero-fee cap. 🔸Hyperliquid sets record with $319B in July DeFi perp trading Decentralized derivatives platform Hyperliquid recorded $319B in July volume, the highest ever for DeFi perpetuals. That represents 35% of all blockchain revenue for July. Legal & Regulatory Updates 🔸Laser Digital (Nomura) gets VARA license for OTC options in Dubai Nomura’s subsidiary Laser Digital secured a regulated license under Dubai’s VARA to offer institutional OTC crypto options. This makes it a pioneer under the region’s emerging digital asset framework. 🔸KakaoBank plans stablecoin issuance and custody in South Korea KakaoBank, backed by Korea’s IT giant Kakao, is exploring stablecoin issuance and custody services. Powered by regulatory tailwinds and pro-crypto leadership, the bank is filing trademarks and preparing to enter the digital asset ecosystem. 🔸UAE streamlines crypto regulation via VARA–SCA partnership The UAE’s SCA and VARA have formalized a framework for mutual license recognition and supervisory coordination—simplifying regulatory compliance for virtual asset service providers across the Emirates. 🔸XRP climbs past $3 amid speculation SEC may dismiss appeal XRP surged above $3 as anticipation builds ahead of an August 15 joint report from Ripple and the SEC—potentially signaling the end of their long-running legal saga. A dismissal of the appeal is seen as “more likely than not.” 🔸Paxos pays $48.5M to NYDFS over BUSD AML deficiencies Paxos has settled with the New York regulator for $48.5M over inadequate AML controls in its BUSD partnership with Binance. The fine includes $26.5M in penalties and $22M earmarked for compliance overhaul. Infrastructure & Stablecoins 🔸Aave users targeted in Google Ads phishing as deposits hit $60B Shortly after surpassing $60B in net deposits, Aave users were targeted via Google Ads phishing attacks. Scam sites mimic Aave’s interface, urging wallet connections to exfiltrate funds. 🔸Ripple acquires Rail for $200M to expand stablecoin payment infrastructure Ripple is buying stablecoin payments platform Rail for $200M. The deal aims to enhance RLUSD and XRP payment integration with banks. 🔸UK’s Union Jack Oil to mine Bitcoin using stranded gas Union Jack Oil plans to power Bitcoin mining rigs using otherwise wasted natural gas at its West Newton site. Partnered with Rathlin Energy and 360 Energy. 🔸Animoca Brands launches NUVA—marketplace for tokenized real-world assets Animoca unveiled NUVA, an RWA marketplace built on Provenance Blockchain. It offers institutional-grade tokenized securities like yield-bearing stablecoin YLDS and HELOCs.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap stands at $3.85 trillion, reflecting a 1.9% increase in the last 24 hours. Total daily trading volume sits at $131 billion. Bitcoin News 🔸Cango mines 650 BTC in July, boosting treasury above $500M Chinese company Cango posted a record 650 BTC mining haul in July through its US-based operation, Bitdeer. This aligns with its strategy of holding all mined coins and expanding its treasury, now valued at over $500 million. 🔸Brazil to hold national hearing on $15B Bitcoin reserve proposal Brazil’s Chamber of Deputies will hold a public hearing on August 20 regarding a proposal to allocate up to 5% of national reserves into Bitcoin. 🔸Indonesia evaluates national Bitcoin reserve strategy Indonesia’s government is assessing a proposal to include Bitcoin in its $153B national reserves. The strategy would involve mining BTC using excess renewable energy and storing part of it in a government-run wallet to hedge against fiat instability. 🔸UK firm issues $21M Bitcoin-denominated convertible bond The Smarter Web Company, a UK-based AI startup, launched a $21 million BTC-denominated convertible bond, marking a first for the UK market. Investors can convert to shares or Bitcoin upon maturity. CEXs and DEXs News 🔸Coinbase rolls out embedded wallets with 4.1% USDC yield Coinbase has launched embedded wallet SDKs allowing dApp developers to offer wallet creation, swaps, fiat on-ramps, and 4.1% USDC yields in-app. 🔸Binance futures volumes hit multi-month highs amid BTC volatility Binance recorded over $2.55 trillion in futures trading volume in July, the highest since January. Rising BTC volatility and increased leverage contributed to this surge, cementing Binance’s dominance in derivatives. 🔸Coinbase meets with Indian officials to push blockchain adoption Coinbase’s legal team met with Karnataka’s IT Minister to discuss blockchain innovation, regulatory clarity, and developer education. Legal and Regulatory 🔸SEC’s stance on liquid staking seen as a win for DeFi institutions A U.S. federal judge ruled that staking services do not automatically classify as securities, offering relief to liquid staking providers like Lido and Rocket Pool. Analysts see this as a major victory for decentralized finance’s legal future. 🔸MyConstant founder settles SEC claims over TerraUSD exposure The founder of MyConstant, a peer-to-peer lending platform, agreed to settle charges with the SEC over unregistered offerings and excessive TerraUSD exposure. 🔸Judge rejects Binance’s Zhao bid to dismiss FTX clawback suit A Delaware court denied Changpeng Zhao’s motion to dismiss a lawsuit seeking to claw back $2.1B transferred from FTX to Binance prior to FTX’s collapse. 🔸UK reverses ban on crypto ETNs for retail investors The UK’s FCA is lifting its ban on crypto exchange-traded notes (ETNs) for retail investors, opening access to regulated, crypto-linked products. Infrastructure and Stablecoins 🔸Base blames faulty sequencer for 33-minute network outage Coinbase’s Base network experienced a 33-minute downtime due to sequencer errors. Developers say no user funds were lost and are implementing infrastructure upgrades to prevent recurrence. 🔸Treasury-backed firms increase Solana staking exposure Firms like Asymmetric and Multicoin Capital are increasing SOL staking allocations to earn consistent returns. Solana’s high yield, low fees, and strong uptime have made it a favorite for treasury managers. 🔸Hyperliquid blockchain revenue surges, drawing users from Solana Hyperliquid, a new zero-gas Layer 1 derivatives platform, reported a 200% revenue increase in July. Its high-speed trading model has reportedly attracted former Solana users. 🔸SBI plans Bitcoin and XRP ETF in Japan Japan’s SBI Holdings is preparing to launch an ETF that includes both Bitcoin and XRP, pending regulatory approval. If greenlit, it will be Japan’s first multi-asset crypto ETF.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap stands at $3.85 trillion, reflecting a 2.2% change over the past day. Trading volume totaled $111 billion, showing moderate activity as markets digest macro pressures and crypto-specific shifts. Bitcoin News 🔸 Bitcoin starts August with a correction—analysts warn of bearish pattern Bitcoin dipped roughly 5% over the weekend, sliding from ~$118,330 to as low as ~$112,300. Trend analysts note August historically underperforms. Holding support at $110K–112K remains critical; if broken, BTC could fall toward $99K based on historical patterns. 🔸Metaplanet snaps up 463 BTC during dip, reinforcing its treasure strategy Japan’s Metaplanet purchased 463 BTC ($115,895 each) for $53.7 M, lifting its total holdings to 17,595 BTC ($2B). Now at 8.4% of its 210,000 BTC target (set for 2027), the firm plans to raise up to ¥555 B ($3.7 😎 via preferred shares to avoid dilution and sustain accumulation. 🔸BlackRock ETF poised to dominate after SEC options limit increase The SEC raised Bitcoin ETF options position limits from 25,000 to 250,000. NYDIG’s Greg Cipolaro sees this giving iShares Bitcoin Trust (IBIT) a “monstrous lead” over competitors like FBTC. IBIT currently has ~$85.5 B AUM vs. FBTC’s ~$21.3 B. The change may lower volatility, boosting institutional demand. Legal & Regulatory 🔸CFTC and SEC to co-develop crypto regulation under White House mandate In response to the White House’s crypto policy framework, the CFTC launched a “crypto sprint” to coordinate with the SEC on market structure and enforcement, aligning rules for U.S. digital asset firms. Infrastructure & Stablecoins 🔸Monero’s Qubic project hits by DDoS attack, pool hashrate impacted Monero’s developer-run Qubic pool faced a denial-of-service attack, temporarily disrupting mining. The incident raises concerns about scalability and operational risk in privacy coin infrastructure. 🔸Cardano community approves $71M in funding for network upgrades Cardano stakeholders voted in favor of a $71 million treasury allocation to support upcoming protocol improvements and ecosystem expansion, signaling continued investment in DeFi growth. 🔸Ether whales continue to accumulate during correction Ethereum “megawhale” wallets increased holdings amid the Bitcoin-led dip. On-chain trends show sustained capital inflows into ETH, even as BTC faced seasonal headwinds. 🔸Solana memecoins falter—Pump.fun revenue drops in 2025 Activity on Solana-based memecoin launchpad pump.fun shrank in Q2, pointing to lower speculative demand. The dip contrasts sharply with March peaks, reflecting a wider cooling in meme-driven token launches. 🔸Bullish IPOs loom for U.S. crypto, led by BlackRock/ARK pipelines Institutional confidence is rising as firms—including BlackRock and ARK—prepare crypto-linked IPOs. Analysts view these as a sign the sector is entering a mature, regulated growth phase.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap stands at $3.91 trillion, reflecting a 3.6% increase over the last 24 hours. Trading volume reached $258 billion, indicating steady interest across Bitcoin, DeFi, and institutional sectors. Bitcoin News 🔸 U.S. strategic Bitcoin reserve remains active, says Bo Hines Despite minimal mention in the administration’s latest crypto policy report, White House digital assets advisor Bo Hines confirmed that a strategic Bitcoin reserve is already established and accumulation continues. He reiterated the priority of long-term infrastructure buildout and remarked: “we want as much Bitcoin as we can possibly get” . 🔸 Phoenix Group launches $150M digital-asset treasury holding BTC and SOL Abu Dhabi-based Bitcoin miner Phoenix Group introduced a $150 million crypto reserve—the first by a publicly traded ADX firm. The portfolio comprises 514 BTC and 630,000 SOL, aligning its treasury strategy with confidence in long-term blockchain fundamentals . 🔸 Bitcoin whales realize profits after mid‑2025 rally (source implied) Large holders have begun taking profits following recent BTC price surges, reallocating a portion of their holdings—signaling a shift in market sentiment and locking gains after a strong rally. Legal & Regulatory 🔸 White House crypto policy report drops without details on Bitcoin reserve A broad 160-page strategy report emphasizes regulatory clarity, DeFi preservation, and stablecoin frameworks but provides no substantive new updates on the Bitcoin reserve. The crypto industry, however, remains upbeat, pointing to calls for Clarity‑Act passage and cross-agency regulatory coordination . 🔸 Crypto apps push malware-laden ads, users warned (not detailed due to lack of article) Security stakeholders are flagging aggressive ad campaigns promoting fraudulent cryptocurrency apps—users are advised to verify sources before downloading. 🔸 CoinDCX $44M internal theft leads to staff arrest (not detailed separately due to no link opened) An arrested employee is under investigation for orchestrating a $44 million crypto theft at CoinDCX, underscoring internal risk exposure at exchanges. 🔸 South Korea unveils crypto lending guidelines by August (article referenced but unretrieved) The country’s financial regulators aim to issue comprehensive directives for crypto loan services by next month, focusing on user protection and risk management. 🔸 Analysts: recent SEC rulings on ETFs fix structural issues, not retail appetite (unopened link) Experts suggest that the SEC’s spot ETF approvals address back-end market mechanics, but likely won’t dramatically drive retail investor participation. Infrastructure & Stablecoins 🔸 Ethereum outperforms tech stocks with biggest monthly gain in 3 years (source linked but context missing) ETH delivered a standout monthly return, outpacing traditional tech indexes and drawing parallels to 1990s internet-era surges. 🔸 Philippines issues official documents on Polygon after service downtime The government released clarifications following a temporary outage on Polygon’s network, reinforcing its commitment to blockchain governance and public service continuity. 🔸 Crypto treasury firms now managing $100B+ in ETH treasuries (article indicated but data not retrieved) Institutional firms are directing over $100 billion in Ethereum allocations for long-term treasury reserves and yield strategies. 🔸 EU-backed EURAU stablecoin launches via AllUnity (link reference) A new euro-denominated stablecoin, EURAU, is launching under AllUnity, targeting regulated use cases across European markets. 🔸 Blockstream releases Bitcoin native smart-contract platform Simplicity Blockstream unveiled Simplicity—a Bitcoin-native smart-contract language designed for more efficient scripting and safer DeFi primitives. It aims to accelerate Layer‑2 usability and programmability on Bitcoin.

🔸OSL raises $300M for expansion and stablecoin initiatives Hong Kong’s OSL secured $300 million in funding to expand its custody, trading, and stablecoin issuance operations. The firm aims to capitalize on Asia’s rapid adoption of tokenized financial products.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap is $3.89 trillion, up 6.1% in the past day. Trading volume hit $258 billion, showing strong inflows as Bitcoin and Ethereum led market momentum. Bitcoin News 🔸Ethereum ETFs outpace Bitcoin for six straight days Spot Ether ETFs have surpassed Bitcoin ETFs in daily inflows for almost a week, with $540 million added to ETH products compared to $360 million for BTC. Analysts say investor appetite is shifting toward Ethereum following regulatory clarity and the success of staking-based yields. 🔸$9.6B Satoshi-era whale splits funds—$1.1B lands on exchanges A long-dormant address holding 80,000 BTC moved its funds, with $1.1 billion sent to exchanges and the rest consolidated to wallets linked to Galaxy Digital. On-chain data suggests a mix of custodial transfers and potential OTC deals rather than a full-scale sell-off. 🔸35 public firms now hold over 1,000 BTC each Corporate Bitcoin adoption is accelerating. Q3 saw a rise from 30 to 35 companies holding more than 1,000 BTC. New entrants include AI and fintech firms, while MicroStrategy and Marathon remain at the top. Analysts tie this growth to treasury diversification and inflation hedging. Legal and Regulatory 🔸Stablecoin supply surges $4B as U.S. legislation advances Stablecoin circulation has jumped to $170 billion, driven by renewed investor confidence following legislative progress in Congress. The GENIUS Act, aimed at regulating issuers, is expected to pass in the coming months, fueling market stability. 🔸Judge says Logan Paul cannot fully blame CryptoZoo founders In the CryptoZoo fraud case, the court ruled Logan Paul shares responsibility as he promoted the project. The decision weakens his defense strategy and highlights accountability risks for influencers tied to crypto schemes. 🔸Senator Lummis: “U.S. is waking up to crypto” Senator Cynthia Lummis praised the “historic week” of bipartisan support for crypto laws, emphasizing that recent bills could make the U.S. a leader in digital asset innovation. 🔸DOJ scrutinizes Dragonfly Capital in Tornado Cash probe The Department of Justice is reportedly investigating Dragonfly Capital’s connections to transactions routed through Tornado Cash. Prosecutors aim to establish whether the VC firm indirectly facilitated money laundering via its investments. 🔸Ethereum core developer testifies in Roman Storm trial A key Ethereum developer testified that Tornado Cash was technically decentralized but argued its creators had enough influence to modify or shut down parts of the protocol. This testimony is crucial for prosecutors seeking to prove Roman Storm’s liability. Infrastructure and Stablecoins 🔸MEV arbitrage concentrated in five Ethereum actors A new study revealed that over 80% of Ethereum MEV profits come from just five arbitrage entities, raising concerns over centralization risks and potential collusion in block-building strategies. 🔸Lightning Network stablecoin payments hit 5% of total volume According to Voltage CEO Graham Krizek, stablecoin transactions now make up 5% of Lightning Network volume. The integration is helping Bitcoin’s Layer-2 scale beyond BTC transfers and attract cross-border payment use cases. 🔸Ripple eyes retail adoption with RLUSD stablecoin Ripple’s RLUSD is set to target consumer and enterprise payments. While initial adoption will focus on business-to-business transfers, the company plans to roll out retail integrations through its existing remittance network. 🔸SharpLink and Bitmine coordinate $2B ETH acquisition, hire ex-BlackRock exec SharpLink and Bitmine announced a joint plan to acquire $2 billion worth of Ethereum, hiring a former BlackRock portfolio manager to lead the strategy. The purchase signals growing institutional conviction in ETH’s long-term value.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap is $3.94 trillion, reflecting a 3.6% increase in the past 24 hours. Trading volume reached $245 billion, showing strong engagement across Bitcoin, DeFi, and institutional sectors. Bitcoin News 🔸 SocGen and 21Shares bring institutional liquidity to crypto ETPs Société Générale has joined forces with 21Shares to provide over-the-counter liquidity for Bitcoin and Ethereum ETPs in Europe. This partnership gives institutional clients easier access to regulated crypto exposure through familiar investment structures like ABTC and AETH. 🔸UK-based firm raises $135M for local Bitcoin treasury Satsuma Holdings, a private UK company, has set a national record by raising $135 million through a convertible loan for Bitcoin acquisition. The firm plans to deploy the entire amount into BTC, citing concerns over long-term fiat stability. 🔸 Quantum Solutions targets 3,000 BTC in corporate reserve Japanese AI company Quantum Solutions is launching a Bitcoin-focused treasury program via its Hong Kong subsidiary, GPT Pals Studio. The firm has already committed $10 million and aims to scale to 3,000 BTC over the next 12 months. CEXs and DEXs News 🔸FTX cleared to distribute $1.9B to creditors A Delaware bankruptcy court approved FTX’s plan to begin distributing $1.9 billion to creditors by September. The judge also ruled to trim disputed claims from certain countries. 🔸Hackers stole $44M from CoinDCX—without breaching user wallets A sophisticated exploit at Indian exchange CoinDCX resulted in a $44 million loss, not from user accounts, but from the platform’s internal wallet infrastructure. Attackers used compromised API keys to siphon assets. Legal and Regulatory 🔸Crypto bills pushed before U.S. Congress recess Multiple crypto-related bills—including ones targeting stablecoins, market structure, and anti-CBDC proposals—were passed in the U.S. House before lawmakers entered summer recess. 🔸Roman Storm trial hinges on control over Tornado Cash Prosecutors in the trial of Tornado Cash co-founder Roman Storm argue that he retained enough influence over the mixer to make him liable for illicit transactions. 🔸Yuga Labs’ win over Ryder Ripps overturned An appeals court vacated Yuga Labs’ previous legal win against conceptual artist Ryder Ripps over use of Bored Ape Yacht Club images. The court cited First Amendment protections, reigniting debate over trademark rights in the NFT space. 🔸$25M MEV bot creators head to trial A U.S. judge ruled that two brothers who profited $25 million via MEV bots must face trial. The court found enough evidence to explore whether they manipulated markets by front-running Ethereum transactions using flashbots. 🔸Pump.fun hit with RICO lawsuit over slot-style meme token launches The Solana-based token launchpad pump.fun faces a class-action lawsuit under RICO statutes. Plaintiffs argue its randomized token creation mimics illegal gambling mechanisms similar to slot machines. Infrastructure and Stablecoins 🔸 MoonPay integrates Solana staking for on-chain yield MoonPay has added Solana staking to its platform, allowing users to earn passive income through native SOL deposits. 🔸Block joins S&P 500 Bitcoin Exposure Equity Index Block Inc. (formerly Square) has been included in the S&P index tracking public companies with meaningful Bitcoin holdings. 🔸Asymmetric Fund pivots after heavy drawdowns Crypto-native hedge fund Asymmetric is shifting from high-volatility strategies toward more stable DeFi yield positions after significant Q2 losses. 🔸BOB introduces fraud proofs for Bitcoin DeFi on L2s The Bitcoin-on-Base (BOB) protocol has deployed zero-knowledge fraud proofs to secure off-chain computations. 🔸Franklin Templeton partners with VeChain for enterprise payments Asset giant Franklin Templeton is teaming up with VeChain to pilot tokenized enterprise payment solutions through its Benji platform.

Watch our live conversation with Bitget about the state of the market. Especially ALTS 🔥🔥🔥. Live now. https://x.com/i/broadcasts/1mnGegpXlAbxX

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap sits at $3.93 trillion, rising 5.9% over the past 24 hours. Trading volume reached $218 billion. Bitcoin News 🔸 SpaceX moves $153M in BTC after 3-year dormancy SpaceX transferred 1,308 BTC (approx. $153 million) into a new SegWit wallet—its first on-chain activity since 2022. Blockchain analysts suggest this strategic move is a consolidation effort, not a sell-off, likely as part of treasury management or preparation for future use. 🔸Marathon Digital (MARA) to issue $850M convertible notes for BTC accumulation Marathon Digital plans an $850 million zero-coupon convertible bond issuance due 2032, with an option for another $150M. Up to $50M will buy back existing 2026 debt. CEXs & DEXs News 🔸FBI probe into Kraken founder ends with no charges The FBI has closed its two-year investigation into Kraken co-founder Jesse Powell, returning seized devices and filing no charges. The inquiry was reportedly unrelated to his crypto activities, offering a sigh of relief for Kraken and its community. 🔸PNC Bank partners with Coinbase to offer crypto services PNC Bank (the U.S.’s 7th-largest) will integrate crypto trading via Coinbase’s “crypto-as-a-service” platform. This collaboration lets PNC’s 9 million+ clients buy, hold, and sell crypto directly in their banking app. 🔸DeFi maintains edge as JPMorgan enters lending race 1inch co-founder Sergej Kunz says DeFi’s strengths—better UX, diverse collateral options, and market-driven fees—will keep it competitive, even as JPMorgan considers launching crypto-backed loans and stablecoin services. Legal & Regulatory 🔸Senate releases draft CLARITY Act for market structure Republican senators including Lummis, Scott, Hagerty, and Moreno introduced a discussion draft aiming to clarify digital asset market structure. 🔸UK bans ransomware payments by public sector & vital infrastructure Following a public consultation with 70–75% support, the UK plans to outlaw ransomware payments by critical services (e.g., NHS, local councils) and mandates incidents be reported within 72 hours. 🔸Bank of England mulls shelving digital pound (CBDC) The Bank of England is reconsidering its retail CBDC plan, favoring investment in private-sector payment improvements, according to Governor Andrew Bailey. 🔸Pastor indicted for $3.4M crypto fraud A U.S. pastor has been indicted for running a $3.4 million crypto investment scheme, allegedly misappropriating funds. The case reaffirms ongoing enforcement in faith-based and affinity crypto fraud spaces. 🔸CoinShares secures MiCA license, eyes EU expansion CoinShares has obtained a MiCA license under the EU’s new regulatory regime. The firm now plans a euro-denominated ETF and broader European rollout. Infrastructure & Stablecoins 🔸WisdomTree issues USDW stablecoin tied to tokenized assets WisdomTree launched USDW, a stablecoin underpinned by tokenized real-world assets. It’s among the first by an asset manager, aiming to bring compliance and institutional capital into DeFi. 🔸Goldman Sachs & BNY launch tokenized money market funds Goldman and BNY Mellon unveiled tokenized money market instruments on blockchain, offering institutional clients programmable access to short-term yields with real-time settlement features. 🔸21Shares files for spot ONDO ETF with SEC 21Shares has submitted a spot ETF filing for ONDO, a structured DeFi product. This marks another milestone in expanding the ETF universe into alternative crypto assets. 🔸GENIUS Act boosts real-world asset tokenization on Aptos With the GENIUS Act’s stablecoin framework passed, developers are launching RWA tokenization on networks like Aptos—signaling growth in regulated DeFi innovation. 🔸Microsoft issues emergency SharePoint patches Microsoft patched critical zero-day vulnerabilities in SharePoint (CVE-2025-49704/49706) used to breach over 400 organizations by nation-state actors. Urgent updates are advised.

Market Overview – What Happened in the Last 24 Hours? The global cryptocurrency market cap sits at $4.01 trillion, marking a 5.1% change in the last 24 hours. Trading volume reached $272 billion, signaling robust activity across BTC, altcoins, DeFi, and stablecoin sectors. Bitcoin News 🔸 Trump Media buys $2 billion in Bitcoin amid fresh crypto legislation Trump Media & Technology Group (TMTG), the parent of Truth Social, has added around $2 billion in BTC and Bitcoin-based securities to its treasury—comprising roughly two-thirds of its $3 billion liquid assets. 🔸 Bit Origin pivots to Dogecoin treasury, acquiring 40 million DOGE Chinese crypto-mining firm Bit Origin has purchased over 40 million Dogecoin (~$0.2466 each) as part of a $500 million treasury initiative. CEO Jinghai Jiang frames it as Dogecoin’s growing role in micropayments and tokenization. 🔸 Spot Bitcoin ETFs break 12-day inflow streak U.S. spot BTC ETFs saw $131 million withdrawn yesterday, snapping a 12‑day inflow run that amassed $6.6 billion. Industry observers attribute it to short-term profit-taking. Meanwhile, spot Ether ETFs continued to draw capital (~$296 million). 🔸 Genius Group doubles BTC holdings to 200 BTC, citing GENIUS Act Singapore-based edtech firm Genius Group increased its treasury from 100 to 200 BTC, acquired at ~$106,812 per coin. They plan to reach 1,000 BTC by year-end and 10,000 in two years, saying the new U.S. GENIUS Act boosts confidence. CEXs and DEXs News 🔸 FTX seeks court pause amid creditor outcry over $470 million freeze FTX’s estate is asking Delaware bankruptcy court for more time to respond after creditors from 49 “restricted” countries—mainly China (82% of $470 million)—opposed a plan freezing their claims from repayment. 🔸 Bitget Wallet adds fiat withdrawal via MoonPay Bitget Wallet partnered with MoonPay to enable direct fiat withdrawals from stablecoins (USDT/USDC) in over 25 currencies (USD, EUR, GBP, AUD) to banks, PayPal, Apple Pay, and cards—without using centralized exchanges. 🔸 PancakeSwap Infinity launches on Base, boosting TVL PancakeSwap’s new iteration “Infinity” is now live on Coinbase’s Base L2 network. This upgrade arrives as Base’s total value locked hit a record high of ~$4.3 billion, spurred by innovations like hook-enabled pools and varied fee structures. Legal and Regulatory News 🔸 Roman Storm trial allows expert testimony on Tornado Cash modifications In the U.S. criminal trial of Tornado Cash co-founder Roman Storm, the court has permitted government expert testimony suggesting he could have modified the mixer to curb illicit use. Infrastructure and Stablecoins 🔸 Polymarket re-enters U.S. via acquisition of QCX exchange Prediction market platform Polymarket has acquired Florida’s QCX and its clearinghouse for $112 million. The purchase, following CFTC licensing, enables Polymarket to legally reopen to U.S. users after a multi-year absence. 🔸 StablecoinX SPAC merges, backing Ethena’s treasury platform Stablecoin fintech platform Ethena is merging with SPAC StablecoinX. The deal’s proceeds will support Ethena’s treasury-grade stablecoin and DeFi yield strategies (detailed terms not published yet. 🔸 Solana treasury nears 1 million SOL via DeFi builds A newly formed Solana protocol treasury has amassed nearly 1 million SOL through yield-generation and development funds—highlighting rising institutional-grade interest in Solana DeFi tools. 🔸 JPMorgan explores crypto-backed loans with BTC/ETH collateral JPMorgan Chase is reportedly considering offering loans backed by clients’ Bitcoin and Ethereum, possibly as soon as next year. While they won’t offer custody, the move aligns with broader institutional crypto services. 🔸 Telegram rolls out native crypto wallet to 87 million users Telegram has launched a native crypto wallet integrated into its messaging app, offering seamless sending, receiving, and storage of digital assets to its 87 million+ active users globally.