The SEC has approved in-kind creation and redemption for cry | CoinPhoton on Binance Square

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The SEC has approved in-kind creation and redemption for crypto ETPs, allowing funds like Bitcoin and Ether to exchange shares directly for the underlying assets instead of cash. This move aims to reduce costs and improve efficiency, signaling a policy shift toward a more crypto-friendly stance under the Trump administration.

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Ripple applies for U.S. national banking license Ripple is following Circle’s footsteps by filing for a U.S. national bank charter, a move that could help the company settle payments faster, cut costs, and boost its legitimacy amid ongoing regulatory uncertainty. 📌 Ripple proposes to establish Ripple National Trust Bank, headquartered in New York, as a limited-purpose national trust bank regulated by the OCC (Office of the Comptroller of the Currency). The bank will focus on B2B financial services and infrastructure and will support Ripple’s stablecoin RLUSD and related fiduciary operations. 🔍 Ripple is also seeking a Fed Master account, which would provide direct access to the Federal Reserve’s payment infrastructure and allow RLUSD reserves to be held directly with the central bank. 🧩 Although XRP is not mentioned in the application, the community believes the possibility of future XRP integration remains open.

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Arkham Intelligence has uncovered a massive theft of 127,426 BTC (worth nearly $14.5 billion today) from Chinese Bitcoin mining pool LuBian in December 2020. At the time, it was the largest crypto theft by value. LuBian, once the sixth-largest mining pool, vanished in February 2021. Arkham attributes the hack to a vulnerability in LuBian’s private key generation algorithm, which allowed over 90% of their BTC to be stolen. As of now, the stolen BTC remains unmoved, and LuBian had previously sent messages via Bitcoin’s OP_RETURN to request the return of the funds. #Bitcoin #LuBian #Hack #Blockchain #Arkham #CryptoTheft https://x.com/arkham/status/1951729790299394113

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Hyperscale Data to Hold XRP on Balance Sheet, Plans Long-Term Holding Strategy Hyperscale Data Inc. (GPUS) confirmed it will retain up to $10 million worth of XRP exclusively on its balance sheet, regardless of the planned spin-off of Ault Capital Group (ACG) by the end of 2025. The XRP assets will not be transferred to ACG after the separation. Chairman Milton “Todd” Ault III stated that the XRP strategy is a key part of the company’s long-term direction as it transforms into a data center infrastructure firm focused on AI and HPC. Starting August 12, 2025, Hyperscale will publish weekly reports detailing XRP activity and total holdings. The company is also considering a 36-month lock-up period for its XRP and may expand the investment program if market conditions are favorable. Meanwhile, ACG is preparing its own XRP accumulation strategy, along with a lending platform to be announced in the coming months.

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Spot ETFs Record Second-Largest Outflow in History: $812M Pulled From Bitcoin, Ethereum Inflows Streak Ends On August 1, spot Bitcoin ETFs saw total net outflows of $812 million, marking the second-largest single-day outflow in history. Leading the withdrawals was Fidelity’s FBTC, which saw $331 million pulled. Other funds like Grayscale’s GBTC and BlackRock’s IBIT also reported significant outflows. Ethereum spot ETFs weren’t spared either, with total net outflows of $152 million, ending a 20-day streak of consecutive inflows — the longest since their launch.

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BNB quietly outperforms, nears all-time high amid market volatility While most major cryptocurrencies like BTC, ETH, and SOL have seen sharp corrections of 60–80% from their peaks, BNB has shown remarkable resilience with a maximum drawdown of only 30%. Not only has it held firm, but BNB is now steadily climbing back toward its all-time high, reflecting strong investor confidence and consistent capital support for the Binance ecosystem.

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