wayneeeeeee

Hot Topics

US and Europe are working on Ukraine’s military security guarantees for a potential Putin-Zelenskiy meeting.

Powell’s Jackson Hole speech on August 22, 2025, may boost or break markets based on rate-cut signals.

Volatility across crypto, gold, treasuries, stocks, and FX dropped sharply before Powell’s Jackson Hole speech on August 21-23, 2025.

South Korea’s FSC suspended new crypto lending products, citing risks to users and market stability after a $1 billion liquidation event.

Volkswagen Singapore partnered with FOMO Pay to accept crypto payments for vehicles and services on August 14, 2025.

Market Updates

Crypto ETPs saw $3.75B inflows last week, with ETH driving 77% ($2.9B) and record $17B ETF volume.

SOL Strategies set a new record with 6,031 unique validator wallets staking on the Solana network.

Hot Topics

FED terminated its 2023 crypto and fintech bank oversight program, shifting supervision to standard regulatory frameworks.

Grayscale filed to convert its Dogecoin Trust into an ETF, ticker GDOG, on NYSE Arca, pending SEC approval.

UAE airlines like Emirates and Air Arabia now accept cryptocurrency for flight bookings

Zelenskiy and European allies meet Trump on August 18, 2025, to discuss Russia peace deal and security guarantees.

Japan’s FSA is set to approve JPYC’s yen-pegged stablecoin this fall, targeting $6.78B issuance over three years.

Market Updates

Wellgistics Health Inc. launched an XRP Ledger-based payment system for 6,500 pharmacies for instant, low-cost drug payments.

Gemini filed for an IPO on August 15, 2025, to list Class A shares on Nasdaq under GEMI, with the Winklevoss twins retaining control.

Hot Topics

July 2025 U.S. PPI surged 0.9% monthly and 3.3% annually, exceeding forecasts, causing Bitcoin to drop below $119,000 and Ether to fall 4% to $4,550.

Chicago Fed's Goolsbee urges waiting a few months for inflation data before cutting rates.

Treasury Secretary Scott Bessent confirmed the U.S. will explore buying more Bitcoin for its Strategic Reserve.

U.S. banking groups urge fixes to the GENIUS Act, citing risks from weak stablecoin interest payment rules, while Coinbase’s Paul Grewal denies any loophole.

Market Updates

Canary Capital registered the Canary Trump Coin ETF in Delaware to track the TRUMP memecoin, pending SEC filing.

TeraWulf’s shares jumped 50% after a $3.7B AI compute deal with Fluidstack, backed by Google’s $1.8B and 8% stake.

Coinbase and Mercuryo cut USDC fees by up to 50% for MetaMask users on Base, following Circle’s USDC-native Layer 1 plan.

Hot Topics

Bitcoin surpassed $124,000, setting a new all-time high, driven by anticipation of a September interest rate cut and strong institutional demand.

Kazakhstan’s Fonte Capital launched Central Asia's first spot Bitcoin ETF, BETF, on August 13 on the Astana International Exchange.

Trump signed an order on August 13, 2025, easing space industry regulations to speed up rocket launch licensing.

Market Updates

Coinbase lost $300,000 to MEV bots exploiting a misconfigured 0x swapper contract.

MetaMask is set to launch its USD-pegged stablecoin, mUSD, with assistance from Bridge and Blackstone.

Ethereum DEXs outpaced Solana with $24.5B in 48-hour trading volume, fueled by institutional demand and ether ETF inflows.

NFT market cap hits $9.3B, fueled by Ether surge.

Hot Topics

OKX will burn 65.26 million $OKB tokens, cap supply at 21 million, and upgrade its smart contract, sparking a 170% price surge to $124.

Trump’s tariff exemption on gold bars led to a 2.4% drop in U.S. gold futures to $3,407 and a 1.2% decline in spot gold to $3,357.

Trump signed an executive order extending the U.S.-China tariff truce by 90 days, preventing tariffs on Chinese goods from escalating.

U.S. consumer price index rose 0.2% monthly and 2.7% annually in July 2025, below the expected 2.8%.

Market Updates

Do Kwon pleaded guilty to fraud in the $60B TerraUSD/Luna collapse, facing up to 25 years and $19.3M forfeiture.

Bitcoin nears $120k and Ether climbs to $4.7k after Trump’s comments and growing Fed rate cut expectations.

Hot Topics

Singapore Exchange plans to launch crypto perpetual futures for institutional investors, pending MAS approval.

Global crypto market reached an all-time high of $4.1 trillion, driven by surges in Bitcoin and Ethereum.

RBA Governor Michele Bullock signaled a few more interest rate cuts after the bank unanimously lowered its key rate to 3.6%.

Market Updates

Bitcoin's market capitalisation surpassed Amazon's at $2.45 trillion, ranking sixth globally behind gold and real estate.

Bitcoin surpassed $122,000 and Ethereum rose 20% to over $4,300, with $57B in options signalling caution before the US CPI release.

S&P Global Ratings assigned Sky Protocol a B-credit rating, marking the first time a major agency rated a DeFi protocol.

Hot Topics

El Salvador’s Investment Banking Law allows investment banks to hold Bitcoin and offer crypto services to sophisticated investors.

The U.S. national debt surpassed $37 trillion in August 2025.

Fundamental Global filed a $5B shelf registration to acquire up to 10% of Ethereum.

Montenegro proposed €500M in bonds to create a national Bitcoin reserve.

Trump's tariffs raised the U.S. average tariff rate to 20.11% by August 2025.

Market Updates

Ethereum jumps over 20% following Pectra upgrade.

DeFi liquidity reached a record $270 billion in July 2025, while NFT decentralized applications slightly surpassed DeFi in user activity.

Zora surged 50% to over 13 cents as large purchases and new perpetual contracts boosted trading volume.

Bitcoin bulls tested the $122,056 Fibonacci resistance level, aiming for $140,000 or risking a deeper correction.

Hot Topics

Trump signed an order allowing crypto into 401(k) plans.

Trump nominated crypto-friendly economist Stephen Miran to be new Federal Reserve Board of Governors.

The Federal Reserve explores Bitcoin reserves backed by gold gains.

The dollar dropped to a nine-day low after Minneapolis Fed President Neel Kashkari hinted at a near-term Fed rate cut.

Bank of Japan policymakers discussed resuming interest rate hikes, with one member suggesting a possible increase by year-end.

Market Updates

NYDFS fined Paxos $26.5M for compliance failures tied to its Binance partnership.

ProShares launched the Ultra CRCL ETF, offering 2x daily exposure to Circle’s stock.

Ripple is acquiring Rail, a stablecoin payments platform, for $200 million to strengthen its RLUSD stablecoin ecosystem.

Hot Topic

Trump implemented new tariffs on over 90 countries, including a 50% tariff on India and 100% on foreign-made chips.

Japan seeks swift implementation of U.S. tariff reduction agreement.

KakaoBank plans to enter South Korea’s stablecoin sector after the Bank of Korea halted its CBDC pilot.

Trump will name a nominee to replace Fed Governor Adriana Kugler by week's end and has narrowed the Fed Chair search to four candidates.

Market Updates

The Indonesian government met with Bitcoin Indonesia to discuss adopting Bitcoin as a reserve asset.

Brazil’s lower house to hold hearing on creating national Bitcoin reserve.

The crypto market cap stabilised at $3.7 trillion, while institutions continued accumulating Bitcoin and ETH.

Hot Topics

Trump promoted a White House executive order targeting bank discrimination like JPMorgan and Bank of America.

Gold Gains as Weaker Economic Data Boosts Fed Rate Cut Bets

SEC Says Liquid Staking Doesn't Run Afoul of Securities Laws

Market Updates

Bitcoin 90-Day Volatility Falls to Record Low below 40 as U.S. spot bitcoin ETFs drove steady institutional inflows.

Bitcoin Treasuries add 630 BTC while U.S. spot Bitcoin ETFs saw $323.5M in outflows

Pendle Lets Crypto Traders Bet on Bitcoin, Ether Funding Rates With Boros Platform

Base network says sequencer handoff failure caused 33-minute mainnet outage

Hot Topics

White House to target banks as Trump claims bank discrimination

President Donald Trump claimed that JPMorgan and Bank of America discriminated against him by rejecting his deposits, prompting a White House executive order to investigate banks for "politicized or unlawful debanking" practices, potentially leading to penalties for violating anti-discrimination laws.

Gold Gains as Weaker Economic Data Boosts Fed Rate Cut Bets

Gold edged higher on Tuesday as weaker US economic data increased expectations for Federal Reserve rate cuts, boosting demand for the precious metal.

SEC Says Liquid Staking Doesn't Run Afoul of Securities Laws

The SEC stated that liquid staking does not require securities law disclosures, suggesting compliant crypto participants are unlikely to face lawsuits.

Market Updates

Bitcoin 90-Day Volatility Falls to Record Low

Bitcoin's 90-day volatility fell to a record low below 40 as U.S. spot bitcoin ETFs drove steady institutional inflows, stabilizing prices and reducing dramatic swings.

Bitcoin Treasuries Add 630 BTC as ETFs Lose $323.5M in Outflows

Bitcoin corporate treasuries added 630 BTC ($72M) on Monday, while U.S. spot Bitcoin ETFs saw $323.5M in outflows, reflecting contrasting institutional accumulation and short-term investor pullback amid market volatility.

Pendle Lets Crypto Traders Bet on Bitcoin, Ether Funding Rates With Boros Platform

Pendle launched Boros on Arbitrum, enabling traders to bet on bitcoin and ether funding rates using Yield Units, offering a hedge against fluctuating rates with $10 million open interest and 1.2x leverage.

Base network says sequencer handoff failure caused 33-minute mainnet outage

The Base network experienced a 33-minute mainnet outage due to a sequencer handoff failure caused by onchain activity, prompting the team to update infrastructure for reliable sequencer leadership transfers.

Hot Topics

U.S. CFTC moves to regulate spot crypto markets via futures exchanges

US Fed rate cut chances increase, 25 bps cut likely in September

Trump to Name New Fed Governor, BLS Head in Coming Days

Trump Vows to Ramp Up India Tariffs in Escalation of Russia Spat

Market Updates

Strategy Expands Bitcoin Holdings With Massive Third-Largest Acquisition

XRP Leads Market Gains, Bitcoin Nears $115K

Hot Topics

CFTC Announces ‘Crypto Sprint’, Pledges To Support SEC ‘Project Crypto’

FCA opens retail access to crypto ETNs

Cambodia, Thailand Begin Talks After Biggest Clashes in Decades

Modi Defiant as Trump Steps Up Pressure on India’s Russian Oil Purchases

Trump to Name New Fed Governor, Jobs Data Head in Coming Days

Market Updates

Bitcoin Miners Sell 3,000 BTC in Two Weeks

Bitcoin now worth $14.5 billion quietly stolen from Chinese mining pool in 2020

Hot Topics

Fed leaves rates steady despite Trump pressure, gives no hint of September cut

White House's working group releases crypto report

Hong Kong to Regularise Tokenized Bond Issuance by 2025

U.S. Senator Proposes Mortgage Reform to Include Crypto Assets in Loan Evaluations

SEC Permits In-Kind Creations and Redemptions for Crypto ETPs

US Made Trade Deals With Thailand and Cambodia, Lutnick Says

Market Updates

Bitcoin options exposure tops $57 billion amid soaring institutional hedging demand

Last 24 hours: Bitcoin Tumbles Below $116K as Jerome Powell Delivers Hawkish Remarks

MSFT, Meta Soar on Strong AI Earnings, but Crypto AI Tokens Fail to Follow

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Anti-CBDC Bill Seeks to Curb Fed’s Digital Dollar Authority

Cboe files to list staked Injective ETF from Canary Capital

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Bank of Korea creates crypto asset division amid local stablecoin momentum

New Lummis Bill Would Back Effort to Ensure Crypto Assets Can Justify U.S. Mortgages

Market Updates

Ethereum's Open Interest Market Share Reaches New Highs

HYPE drops slightly as Hyperliquid experiences brief downtime and order execution issues

Hot Topics

Stock Rally to Extend as Futures Rise on EU Deal

Pressure Mounts on Fed Chief Powell in Tee Up to GDP, Jobs Data

US-Japan Trade Pact Pushes Markets to Record Highs

MUFG acquires $681M Osaka real estate to push tokenization in Japanese markets

Bitcoin & Market Updates

Michael Saylor Is Bringing Bitcoin-backed money-market-style Vehicle to Wall Street: NYDIG

$9 Billion Exit by Satoshi-Era BTC Whale Sparks Debate

Bitcoin Zooms to $120K, ETH Nears $4K as Trump’s EU Tariff Deal Lifts Risk Sentiment

Hot Topics

House Gears Up for Crypto Market Structure Vote on Wednesday, Stablecoins Thursday - Source

Kazakhstan mulls investing national reserves into crypto - Source

US Crypto Week kicks off with ‘Dictator’ stablecoin amendment on the table - Source

US 30-Year Treasuries Extend Decline as Focus Turns to Inflation - Source

Grayscale confidentially files draft IPO paperwork with US SEC - Source

Bitcoin & Market Updates

Controversial Bitcoin upgrade BIP-119 may be decided by end of year - Source

Bitcoin hit a new high at 120,240 - Source

Hot Topics

House Gears Up for Crypto Market Structure Vote on Wednesday, Stablecoins Thursday - Source

Kazakhstan mulls investing national reserves into crypto - Source

US Crypto Week kicks off with ‘Dictator’ stablecoin amendment on the table - Source

US 30-Year Treasuries Extend Decline as Focus Turns to Inflation - Source

Grayscale confidentially files draft IPO paperwork with US SEC - Source

Bitcoin & Market Updates

Controversial Bitcoin upgrade BIP-119 may be decided by end of year - Source

Bitcoin hit a new high at 120,240 - Source

 

Reported by The Block: A Chinese creditor representing a group of over 300 other creditors filed an objection to FTX’s latest motion that could allow it to relinquish claims in certain restricted regions.

FTX has identified $800 million in creditor claims across 49 potentially restricted jurisdictions, with China accounting for 82%, according to The Block’s calculations based on an earlier filing.

A Chinese creditor of FTX has filed an objection to its latest motion that allows it to potentially forfeit creditor distributions in restricted jurisdictions.

The creditor, Weiwei Ji, submitted the objection to the Delaware Bankruptcy Court on behalf of over 300 Chinese FTX creditors, according to the filing. Despite being a tax resident of Singapore, Ji said he was categorized as a Chinese creditor by FTX due to his Chinese passport.

"My family holds four KYC-verified FTX accounts with aggregate claims exceeding $15 million," Ji said. "We have fully complied with every procedural requirement under the plan. The proposed motion now jeopardizes our right to distribution in an arbitrary and inequitable manner."

Ji's objection comes less than a week after the FTX Recovery Trust filed its latest motion to assess creditor claims in 49 potentially restricted jurisdictions, including China, Russia and Pakistan.

The motion suggests FTX engage local legal experts to assess the feasibility of compliant distributions within each jurisdiction. If compliance proves unfeasible in a particular region, FTX would designate it as restricted. While creditors could object to such designations, any unchallenged or overruled restrictions would allow FTX to relinquish claims in those regions and redirect them to the trust for reallocation.

The claims in the 49 jurisdictions total around $800 million, with China accounting for 82% of the value in potentially restricted regions, according to The Block's calculations based on an earlier filing.

"This motion to designate China as a 'restricted jurisdiction' is unsupported by either fact or law," Ji wrote.

Ji said that FTX claims, denominated in U.S. Dollars, could be lawfully distributed to Chinese creditors through established channels like Hong Kong-based accounts, as demonstrated in the Celsius Network case.

The filing added that crypto is recognized as legal property in China, and supported by progressive regulations in Hong Kong.

"Distributing claims to Chinese creditors poses no legal risk to the Trustee or its agents and constitutes a required step under the bankruptcy process," Ji said. "I respectfully urge the court to reject any designation that would exclude Chinese creditors from distributions."

Reported by The Block: The Open Network Foundation, or TON Foundation, announced a new program providing a pathway to a 10-year "Golden Visa" to the United Arab Emirates for investors who stake $100,000 in Toncoin (TON) and pay a $35,000 processing fee.

The TON Golden Visa is a "unique and exclusive route for the UAE Golden Visa program," Ehsan Sattari, the founder and CEO of crypto-native travel firm Peravel, the program's partner, told The Block in a Telegram message. UAE Golden Visas typically require applicants to qualify by making real estate or entrepreneurial investments, showcasing extraordinary educational or career achievement, or owning a large yacht, among other methods. The visa allows holders, alongside their families and domestic staff, to live and work in the UAE.

"There is no requirement for holding a specific profession, degree, or job offer set by the government for [the TON Golden Visa route]," Sattari said, noting that applicants would still have to submit standard personal documents for verification by UAE authorities. "Approval or rejection is ultimately at their discretion."

The UAE government released a statement through Emirates News Agency, its state-run wire service, denying that digital currency investors are eligible for Golden Visas. "The authority further confirmed that digital currency investments are governed by specific regulations and are unrelated to golden visa eligibility," the news item reads.

"We work strictly within the government’s authorized and approved Golden Visa process. The method itself is fully compliant with official policies and requirements," Sattari said. "TON Foundation, which is based in Dubai, has established this connection, and formal public announcements are expected through TON’s own official channels soon." (A PR representative from TON said additional information would be provided on Monday; no official statement was received by publication time.)

TON Foundation's program site notes that the $100,000 in staked TON would be unlocked after three years, and that investors will receive staking rewards of "an estimated 3–4% APY" while the tokens are locked. While the process typically takes a few months or longer, the site advertises visa approval within seven weeks of document submission.

Binance founder Changpeng "CZ" Zhao said on X that if the program is an official partnership with the UAE, "we will definitely try to get it on BNB too."

TON-related accounts assured CZ on X that the program is legitimate, and Telegram CEO Pavel Durov reposted the announcement. "A big thank you to our partners in the UAE for their vision, support, and trust," wrote TON Foundation CEO Max Crown.

The price of Toncoin has risen over 5% in the past 24 hours, according to The Block's Toncoin Price page, following the reveal of the program.