Immediately’s information ideas:
1. The Federal Reserve revokes special regulatory requirements for banks’ crypto actions
DCG sues subsidiary Genesis for over $105 million
3. SEC Chairman Says Blockchain Guidelines Can Be Instantly Developed With out Congressional Approval
4. Gemini IPO Particulars: Plans to record on Nasdaq below the ticker image GEMI. Internet loss for the primary half of the 12 months: $282.5 million.
5. MiL.ok (MLK) is now out there on Binance Alpha, with an airdrop threshold of 200 factors.
6. Tiger World purchased 125,000 Class A shares of Circle in Q2
7. BitMine has increased its holdings of ETH by another $600 million in the previous 10 hours, presently holding approximately $5.77 billion in ETH
8. A sure deal with used solely $125,000 to roll lengthy ETH in April, and presently has a floating revenue of approximately $25 million.
Macro
Federal Reserve removes special regulatory requirements for banks’ crypto activities
In accordance with the Federal Reserve’s official web site, the Federal Reserve has determined to terminate its special regulatory program for rising actions resembling financial institution encryption and fintech, and associated supervision will return to the common regulatory course of. The Federal Reserve has rescinded the regulatory letter that established this special regulation in 2023 and said that it’ll incorporate the related threat administration expertise collected beforehand into the usual regulatory system.
Grayscale seeks SEC approval for its Dogecoin ETF, ticker symbol “GDOG”
In accordance with The Block, Grayscale is transferring ahead with its proposal to record and commerce a Dogecoin ETF, in response to a latest submitting. The fund will commerce below the ticker image “GDOG.” Grayscale said in its registration assertion that it’ll rename the Grayscale Dogecoin Belief to the Grayscale Dogecoin Belief ETF. If permitted by the U.S. Securities and Trade Fee, the fund can be listed and traded on the New York Inventory Trade Arca, which has already submitted an inventory software for the Grayscale Dogecoin Belief.
The three major U.S. stock indexes closed mixed, with Circle (CRCL) rising 7.2%.
In accordance with Cailian Press, the three main U.S. inventory indices closed combined, all recording their second consecutive weekly acquire. The Nasdaq fell 0.4%, for a weekly acquire of 0.81%; the S&P 500 fell 0.29%, for a weekly acquire of 0.94%; and the Dow Jones Industrial Common rose 0.08%, for a weekly acquire of 1.74%. Each the Dow and S&P 500 hit intraday all-time highs. Bullish (BLSH) fell 6.82%; Coinbase (COIN) fell 2.26%; and Circle (CRCL) rose 7.20%.
Viewpoint
Fed’s Goolsbee: Latest PPI and CPI inflation data are disturbing
Fed’s Goolsbee: The newest PPI and CPI inflation knowledge are disturbing. He stated that we must always not overreact to at least one month’s PPI, CPI, and import costs, however the knowledge is price taking note of.
SEC Chairman Says Blockchain Rules Can Be Directly Created Without Congressional Approval
In accordance with Cointelegraph, SEC Chairman Atkins stated that the SEC has the authority to take direct motion on blockchain-related guidelines with out ready for congressional laws.
Santiment: Ethereum’s bullish trend slightly outpaces Bitcoin’s
Santiment tweeted that BTC’s greed peak completely coincided with its all-time excessive and native excessive. In the meantime, regardless of Ethereum considerably outperforming Bitcoin over the previous three months, its bullish sentiment is way lower than Bitcoin’s. Since value actions usually transfer inversely to retail investor expectations, the present outlook suggests Ethereum’s bullish development is barely larger than Bitcoin’s as a result of market’s lack of urge for food for dip-buying in comparison with Bitcoin.
Mission Information
DCG sues subsidiary Genesis for over $105 million
Digital Forex Group (DCG) has sued its subsidiary, Genesis World Capital, in the U.S. Chapter Courtroom for the Southern District of New York, looking for over $105 million plus curiosity. The lawsuit alleges that DCG offered Genesis with a $1.1 billion promissory be aware to cowl the shortfall in Genesis’s property ensuing from the 2022 default of Three Arrows Capital (3AC). Genesis subsequently obtained substantial returns from TAC Collateral, exceeding the preliminary quantity of the promissory be aware. Genesis had beforehand accomplished chapter reorganization and begun distributing approximately $4 billion in property to collectors. It additionally sued DCG and its executives for $2.1 billion.
Binance will launch the 34th TGE project, RICE (RiceAI), on August 18th.
Binance Pockets will host the thirty fourth RICE (RiceAI) TGE on August 18th through PancakeSwap. Subscriptions can be open from 8:00 AM to 10:00 AM (UTC). Participation requires Binance Alpha Factors. Moreover, a further 40,000,000 RICE can be offered for subsequent actions. Particulars are to be introduced.
Binance to Launch USELESSUSDT Perpetual Contract
Binance Futures will launch the USELESSUSDT U-margined perpetual contract at 8:15 PM (ET) on August fifteenth, providing as much as 50x leverage. The underlying asset of this contract is Ineffective Coin (USELESS), based mostly on the Solana blockchain, and settled in USDT. The contract has a minimal value increment of 0.0001, a funding price capped at ±2.00%, and is settled each 4 hours.
Binance Alpha to List Reservoir (DAM), Supporting Spot and Futures Trading
Binance Alpha would be the first platform to record Reservoir (DAM). Spot buying and selling will open on August 18th at 11:00 AM (UTC), and futures buying and selling will open at 12:30 PM (UTC). Eligible customers can declare the airdrop utilizing Binance Alpha Factors by means of the Alpha Occasions web page. Extra particulars can be introduced later.
Within the newest experiment, the Qubic mining pool achieved over 51% dominance of the Monero community’s hashrate, ensuing in six block reorganizations and the orphaning of 60 blocks. Preliminary official studies point out that Qubic mined approximately 80% of all Monero blocks inside two hours, incomes a complete of 750 XMR and seven million XTM. The remaining unsold Tari and newly mined XTM, totaling 1.72 billion Qubic, had been destroyed, valued at approximately $55,000. Miners and hash price contributors obtained 6.22 billion Qubic rewards, equal to approximately $200,000. The community peaked at 2.71 GH/s, representing 52% of the worldwide Monero hashrate. This experiment is ongoing, and unbiased specialists are evaluating the influence of this 51% dominance.
Cryptocurrency alternate Gemini has revealed particulars of its IPO. This follows a draft registration assertion filed confidentially in early June. The submitting exhibits that Gemini has utilized to record on the Nasdaq inventory alternate below the ticker image GEMI. The IPO value was not disclosed. Gemini’s financials had been weaker than beforehand identified; the corporate reported a internet lack of $282.5 million in the primary half of 2025, in comparison with a lack of simply $41.4 million in the identical interval final 12 months. Adjusted EBITDA fell from a revenue of $32 million to a lack of $113.5 million throughout the identical interval, the submitting exhibits. In 2024, the corporate expects a internet lack of $158.5 million on income of $142.2 million.
The submitting additionally reveals that Gemini will transfer most of its customers to a Florida-based “Moonbase” entity, whereas Gemini Belief will stay in New York. New York has traditionally had stricter laws for cryptocurrency corporations below its BitLicense guidelines; Gemini gives staking companies to customers in all states besides its headquarters in New York. The submitting additionally discloses a credit score settlement between Gemini and Ripple, entered into in July 2025, valued at as much as $75 million, to be paid in Ripple’s RLUSD stablecoin.
If Gemini’s IPO is profitable, it’s going to develop into the third publicly listed cryptocurrency alternate in america after Coinbase and Bullish, which listed on the New York Inventory Trade this week.
Jupiter: Will pledge up to $580 million of SOL from the JLP pool
Jupiter tweeted that it’ll stake as much as $580 million of SOL in the JLP fund pool by means of the native staking mechanism. This transfer will improve the yield of JLP and considerably improve the staking weight of Jupiter’s validator nodes.
MiL.k (MLK) is now available on Binance Alpha, with an airdrop threshold of 200 points.
In accordance with an official announcement, MiL.ok (MLK) is now out there on Binance Alpha. Customers with not less than 200 Binance Alpha Factors will obtain an airdrop of 245 MLK tokens on a first-come, first-served foundation. The level threshold will mechanically lower by 15 factors each hour till all rewards are distributed. Claiming the airdrop will price 15 Binance Alpha Factors. Customers should affirm their declare on the Alpha occasion web page inside 24 hours; in any other case, their declare can be deemed forfeited.
Necessary knowledge
Ethereum TVL exceeds $95 billion, reaching a new high since 2022
In accordance with DefiLlama, the overall locked worth (TVL) on the Ethereum (ETH) chain exceeded US$95 billion for the primary time since January 2022 as we speak, approaching the best stage since 2021. TVL on Ethereum reached a peak of approximately US$108.7 billion in November 2021.
SharpLink Gaming introduced its second-quarter 2025 monetary outcomes. The firm has adopted ETH as its main reserve asset, presently holding 728,804 ETH, almost all of which is staked, and has earned 1,326 rewards. The firm reported a internet lack of $103.4 million in the second quarter, primarily attributable to a $87.8 million non-cash impairment cost associated to the value decline of LsETH property and $16.4 million in non-cash fairness compensation associated to its strategic settlement with Consensys. Income for the identical interval was $7 million, with a gross revenue of $2 million. SharpLink has entered right into a strategic partnership with Consensys to additional advance its ETH asset administration technique.
The WLFI multi-signature address transferred 3.58 billion WLFI to Bitgo 3 hours ago
In accordance with @ai_9684xtpa, a WLFI multisig deal with transferred 3.58 billion WLFI to Bitgo three hours in the past, the most important single transaction in almost seven months. BitGo serves because the custodian of the USD1 reserve and offers prime brokerage companies for liquidity and institutional buying and selling, however this seems to be the primary switch of WLFI property to Bitgo. Beforehand, ALT5 Sigma introduced a $1.5 billion personal placement to launch its WLFI treasury technique, buying 7.5% of the overall token provide (approximately 7.5 billion tokens) at $0.20.
World Liberty Finance-linked wallets purchased approximately $18.6 million worth of ETH and WBTC
In accordance with Onchain Lens, a pockets related to World Liberty Finance has spent 18.6 million USDC on the next purchases:
- 1,911 ETH bought at $4,500, totaling $8.6 million;
- 84.5 WBTC had been bought at a value of $118,343, with a complete worth of $10 million.
The pockets nonetheless holds $5 million USDC and should proceed to buy it.
In accordance with monitoring by on-chain analyst Ember, a sure deal with began to roll lengthy ETH with solely $125,000 in April, and now it has develop into $25 million.
This deal with began shopping for ETH at this 12 months’s lowest level: in April, it withdrew 125,000 USDC from ChangeNOW and Kucoin to Hyperliquid by means of two addresses to start out shopping for ETH. The value of the primary ETH lengthy transaction was $1,490, the bottom level of the 12 months.
Rolling over unrealized income: Since beginning to purchase ETH, the value has continued to rise. By constantly including to his place with unrealized income, he has snowballed his place from a couple of hundred ETH to 66,000 ETH, with a worth of $300 million. The most up-to-date improve was at 9:00 AM yesterday.
Floating revenue: Ranging from $125,000, the present floating revenue is $24.78 million. When ETH was at its highest level of $4,788 the day earlier than yesterday, the floating revenue even reached $43 million.
Present positions of the 2 addresses:
- 10x extra 44,916 ETH, place valued at $200 million, opening value at $4,067, liquidation value at $4,200, with a floating revenue of $17 million.
- 10x extra 21,832 ETH, place valued at $100 million, opening value at $4,093, liquidation value at $4,198, with a floating revenue of $7.8 million.
Lookonchain has detected another mysterious entity, in addition to Bitmine, that has been shopping for ETH. Over the previous 4 days, this mysterious entity has created three new wallets and withdrawn 92,899 ETH (price $412 million) from Kraken.
Financing/Acquisition
Galaxy Announces $1.4 Billion in Project Financing to Accelerate Expansion of Helios AI Data Center
Galaxy Digital introduced it has secured $1.4 billion in undertaking financing to help the growth of its Helios knowledge middle campus in Texas. This financing can be used for the preliminary section of AI and high-performance computing (HPC) infrastructure renovation and growth. Galaxy has offered $350 million of its personal capital, with the rest lined by debt financing. CoreWeave has signed a second-phase lease settlement, committing to the complete 800MW of permitted energy capability at Helios, with projected common annual income exceeding $1 billion over the following 15 years. Galaxy plans to construct Helios into one of many world’s largest AI knowledge facilities.
In accordance with Jinshi, an individual conversant in the transaction revealed that OpenAI has secured $8.3 billion in a brand new spherical of funding, a part of a $40 billion fundraising plan. This financing comes as the corporate’s enterprise accelerates. The particular person revealed that OpenAI’s annualized recurring income has climbed from $10 billion in June to $13 billion, and is anticipated to exceed $20 billion by the top of this 12 months. Moreover, the variety of paying enterprise customers of ChatGPT has quickly increased from 3 million a couple of months in the past to five million. This spherical of fundraising was accomplished forward of schedule, with sturdy demand and an oversubscription of 5 occasions.
Institutional holdings
IVD Medical Holding Restricted, a Hong Kong-listed firm, plans to hunt approval from a special common assembly of shareholders authorizing the board of administrators to buy cryptocurrencies, primarily Ethereum (ETH), for as much as HK$3 billion over the following 36 months. The firm claims this transfer goals to strengthen its ETH reserves and speed up the event of the ivd.xyz alternate ecosystem. The purchases can be made by means of regulated platforms resembling HashKey Trade, with funds sourced from the corporate’s idle money and potential fundraising. The announcement emphasizes that any single premium is not going to exceed 10%, and a devoted threat administration workforce has been established.
In accordance with on-chain analyst Ember, BitMine (BMNR) has continued to extend its holdings of 135,135 ETH (price $600 million) over the previous 10 hours by means of three institutional platforms: FalconX, Galaxy Digital, and BitGo. BitMine’s complete ETH reserves have reached 1.297 million, valued at $5.77 billion.
Tiger Global bought 125,000 Class A shares of Circle in Q2
In accordance with Zhitong Finance, Tiger World Administration (TIGER GLOBAL) filed its second-quarter holdings report (13F) for the interval ending June 30, 2025, as disclosed by the U.S. Securities and Trade Fee (SEC). Statistics present that Tiger World added seven shares to its portfolio and increased its holdings in 19 shares throughout the second quarter. On the identical time, Tiger World lowered its holdings in six shares and liquidated two. Amongst these, the agency acquired 125,000 Class A shares of stablecoin issuer Circle (CRCL.US). Circle’s inventory carried out strongly upon its IPO in June, and its market capitalization has since increased almost fivefold from its IPO value. Simply two months after finishing one of the vital high-profile public choices in latest years, the stablecoin issuer Circle (CRCL.US) reported a second-quarter loss whereas exceeding income expectations.
