Ethereum’s Vitalik Buterin has returned to the billionaire ranks after Ether’s surge past $4,000, a milestone last seen in December 2024. Key Takeaways: Vitalik Buterin’s onchain portfolio has surpassed $1B as ETH rallies past $4,000. Traders eye a potential retest of ETH’s $4,878 all-time high. Ether ETFs are seeing stronger inflows than Bitcoin ETFs, signaling…
Bo Hines, executive director of President Donald Trump’s White House Crypto Council, has announced his departure to return to the private sector. Key Takeaways: Bo Hines is stepping down as executive director of the White House Crypto Council. During his tenure, the council advanced US crypto policy but fell short on its strategic Bitcoin reserve…
World Liberty Financial, the Trump family’s flagship crypto venture, is seeking to raise $1.5 billion to launch a publicly traded treasury company holding both its proprietary WLFI token and cash reserves. Key Takeaways: World Liberty Financial aims to raise $1.5B to launch a NASDAQ-listed treasury company for WLFI. The WLFI token has generated $550M in…
Ripple CTO David Schwartz has joined a heated debate after Custodia Bank CEO Caitlin Long criticized Ripple, the XRP Ledger (XRPL), and its stablecoin RLUSD in a podcast clip shared on X. Long questioned XRP’s decentralization, likened Ripple’s early funding to an ICO, and argued the blockchain had fallen short of its adoption goals among…
Swiss digital asset bank Sygnum is expanding regulated institutional access to the Sui blockchain with a suite of new products, including custody, trading, and lending services for its professional clients. Key Takeaways: Sygnum will offer custody, trading, staking, and SUI-backed Lombard loans to institutional clients. All SUI holdings will be kept off the bank’s balance…
Harvard Management Company, which oversees the university’s $53.2 billion endowment, has disclosed a $116 million position in BlackRock’s iShares Bitcoin ETF, making it one of the largest institutional investments in the fund to date. Key Takeaways: Harvard disclosed a $116M stake in BlackRock’s iShares Bitcoin ETF, its fifth-largest holding. The move highlights growing Bitcoin adoption…
A federal judge in California has cleared the way for investors to pursue state-level class actions against celebrities and other promoters of the EthereumMax (EMAX) token, while rejecting a broader nationwide claim. Key Takeaways: A judge allowed state-level EMAX class actions in NY, CA, FL, and NJ to proceed but rejected a nationwide class. Claims…
Pump.fun, the Solana memecoin launchpad, is under pressure as it scrambles to defend its native token, PUMP, from a steep decline. In a bid to stabilize its price, the team has been aggressively buying back tokens using SOL, with one of its largest buybacks to date looking to be recorded. On August 8, on-chain tracker…
Signs of an altcoin season remain limited, but movement among selected tokens is building. As Bitcoin maintains dominance above 60%, some traders are turning to alternative projects with clear use cases or persistent liquidity. XRP, Stellar (XLM), and Chainlink (LINK) are among the assets showing renewed traction. XRP Maintains Momentum Above $3 XRP is trading…
Chinese financial regulators have instructed local brokerages and research bodies to halt publishing studies or hosting seminars that promote stablecoins, to limit potential risks from the fast-growing asset class. Key Takeaways: China has ordered brokerages to stop promoting stablecoins over fraud and risk concerns. The crackdown comes despite speculation of a softer crypto stance and…