Stablecoins
Crypto
Crypto staking ETF launch strategy prioritizes centralized partners over immediate DeFi adoption
ETF issuers believe staking funds are likely to tap centralized partners first, before an eventual pivot to DeFi protocols.
DEX
Hyperliquid surpasses Robinhood in monthly trading volume for the third consecutive month
Hyperliquid traded $330.8 billion in combined spot and perpetual volume during July, while Robinhood processed $237.8 billion across all products.
ETF
Institutional investors reach $33.6B in Bitcoin ETF holdings during Q2
Data shows advisors now hold $17.4 billion in Bitcoin ETF positions, nearly doubling hedge fund managers' $9 billion exposure.
TradFi
The Great Crypto Divide: Why Wall Street’s old guard still won’t touch crypto
Franklin Templeton's Max Gokhman says traditional fund managers just don't want to add crypto, but education and yield might change it quickly.
Crypto
Ethereum breaks above 2021 all-time high after blistering 15% rally
A dovish stance from Jerome Powell prompted Ethereum and BNB to new all-time highs.
ETF
VanEck and Jito file the first liquid staking-backed Solana ETF
If approved, the ETF will be fully backed by Jito's Solana liquid staking token JitoSOL.
Legal
Second Circuit Court officially dismisses Ripple-SEC appeals, ending four-year legal battle
After an Aug. 7 joint filing, the Second Circuit approved the dismissal, officially ending the case.
Adoption
Allianz endorses Bitcoin as a ‘credible store of value,’ shifting from 2019 anti-crypto stance
Allianz now characterizes Bitcoin as a fundamental piece of modern portfolio construction.
RWA
State Street issues $100M digital debt securities on JPMorgan’s proprietary blockchain
State Street said the commercial paper investment as demonstrating tangible technology benefits for institutional clients.
Legislation
Pennsylvania bill bans public officials from crypto transactions, mandates disclosures
The legislation also prohibits public officials' immediate families from engaging in certain financial transactions.
Crypto
DOJ Criminal Division chief says open source smart contract devs not criminally liable without intent
Merely contributing with code to an open source project does not make developers reliable, said Matthew Galeotti.
Analysis
How the US Treasury’s cash rebuild could cap Bitcoin enthusiasm through fall
Bitcoin usually follows M2 peaks, particularly when paired with large Treasury issuance removing liquidity from the financial system.
