Crypto Market — Morning Flash (13 Aug 2025)
Key Developments:
Binance joins a $250M crime-fighting effort, helping freeze $6M from a crypto scam.
Grayscale introduces new DEEP and WAL trusts tied to Sui infrastructure for institutional investors.
Crypto volatility spikes—$5 billion liquidated in a single day. Risk and reward collide.
1. Binance Kicks Off $250M Crypto Crime Crackdown
Partnering with Tron, Tether, and TRM Labs, Binance is helping freeze illicit funds—today they thwarted a pig-butchering fraud, seizing around $6 million.
2. Grayscale Rolls Out Sui Infrastructure Trusts
Grayscale adds DEEP (DeepBook) and WAL (Walrus)—both built on Sui—to its suite of investment trusts for accredited investors.
3. Crypto Markets Recoil—$5B Liquidated in 24 Hours
Over 117,000 traders liquidated, marking one of the largest sell-offs in recent memory—a sign of mounting volatility.