Important updates in the market and regulatory news
The US RFIA 2025 law: Intense debate over the digital currency regulation bill, as Democrats fear it will weaken the role of the Securities and Exchange Commission (SEC) in favor of the Commodity Futures Trading Commission (CFTC), with potential risks to the stability of the financial system, especially regarding allowing the sale of tokens without protection as ancillary assets.
The GENIUS law for stablecoins: Following its issuance, major companies like Bank of America, Citigroup, Walmart, and Amazon are preparing to explore or launch a stablecoin pegged to the US dollar. However, they face regulatory and structural challenges in infrastructure and compliance.
Initial public offering for Bullish (BLSH): The offering size and expected share price (32–33 dollars) have been raised, increasing the proposed company value to about $5 billion. This comes amid a deepening institutional interest in digital assets.
Institutional investment in Ethereum: A strong buying wave from companies like Bitmine and Sharplink, along with a notable growth in ETFs on ETH, contributed to the price surpassing the $4,400 barrier.
Do Kwon (founder of Terraform Labs):
He announced that he pleaded guilty in federal court in New York regarding the TerraUSD scandal that caused a $40 billion collapse in 2022.
He will forfeit over $19 million in assets and will be subject to punishment, with prosecutors urging for his imprisonment for up to 12 years, despite the maximum penalty being 25 years. The ruling is scheduled for December 2025.
Bitfarms, a Bitcoin mining company listed on Nasdaq, recorded an 87% increase in revenue for the second quarter of 2025, driven by strategic Bitcoin sales and a pivot towards artificial intelligence in its business model.
New listing in the Korean market: The Coinone platform announced the addition of BIO Protocol (BIO) to the trading market against the Korean won (KRW) on August 13, 2025.
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