š° Key Headlines
Trump administration establishes U.S. crypto reserve
On August 4, the administration announced a strategic crypto reserve, including Bitcoin and other digital currencies, marking historic national-level adoption .
CoinDCX resumes after security breach
The Indian crypto exchange CoinDCX reopened withdrawals following a $44āÆmillion hack. CEO Sumit Gupta confirmed no user funds were lost and full operations have resumed safely .
UK fintech regulator strengthens crypto push
The Financial Conduct Authority (FCA) in the UK has appointed former Standard Chartered executive Anurag Bajaj to bolster its crypto and payments division. The move is part of broader efforts to attract digital asset firms and innovation .
George Osborne warns UK at risk of being left behind
In the Financial Times, the former UK Chancellor criticized the countryās cautious crypto stance. He pointed to other jurisdictionsāsuch as the U.S., Singapore, and Abu Dhabiāthat are embracing regulatory frameworks like the GENIUS Act while warning the UK risks missing out on growth potential .
š Market Updates & Trends
Bitcoin and Ethereum ETF movements
Bitcoin saw a pullback toward **$113,800
