Digital Asset Treasuries
Cypherpunk secures a $46M Zcash gain and turns a $4.7M operating loss into $39.4M profit
The Zcash treasury company had $7.6 million in cash as its biotech subsidiary began seeking resources for Phase 3.
Sentiment: Neutral
Latest stories
Stablecoins
Russia picks Bitcoin, Ethereum and USDT for public trading as retail faces $58,000 cap
The Bank of Russia’s proposed gate caps non-qualified residents at ₽300,000 per broker, with only Bitcoin, Ethereum, and USDT eligible.
Regulation
A $36 billion lawsuit just turned Kalshi’s $40 billion valuation race into a federal market emergency
The emergency intervention comes as New York targets Kalshi through gambling law and broader consumer-protection scrutiny.
Deals
As retail crypto trades collapse 73%, eToro drops $231 million to capture active US stock traders
July crypto trades fell to 1.4 million and average ticket size halved, while quarterly profit rose and eToro agreed a deal to add active US stock trading.
Regulation
SEC and CFTC plans to write crypto rules without Congress – but they can’t make them permanent
The SEC and CFTC are advancing crypto rules without Congress, leaving future administrations room to unwind them.
Mining
Even if Bitcoin rises 30% a year this renewable mining model still loses money as hashrate keeps pace
A new mining study finds that even heavily curtailed wind fails to repay a modeled Bitcoin operation within six years at €60,000 BTC.
Digital Asset Treasuries
Twenty One’s $2.8 billion Bitcoin pile is worth far more than its stock, but there’s a catch
The market values XXI at about $1.6 billion while 16,116 BTC remain pledged against nearly $487 million of convertible debt.
Staking
TON Strategy earned $15 million staking Gram while operations burned $10.6 million in cash
Fair-value gains supplied 99.1% of Q2 pre-tax profit as continuing operations used $10.6 million of cash in the first half.
ETF
This spot Bitcoin ETF only logged six inflow days ever – now investors have until August 17 before forced cash liquidation
DEFI has lost 25% of its shares since Aug. 7 despite a broader rebound that brought $865 million into US spot Bitcoin ETFs last week.
Regulation
Friday’s SEC vote could unlock $75 million crypto raises – or trap token issuers in unexpected legal fine print
The Commission is considering a proposal, not a live exemption, and eligibility and resale rules remain undisclosed.
Analysis
The UK now ranks 3rd in global Bitcoin adoption, but court rules mean it can’t keep its 60,000 BTC as a reserve
JAN3's 2025 B20 combines policy advances with enforcement custody, while dated Treasury records separate the coins from national reserves.
AI
Coinbase, Strategy, and Blockstream back AI access push after vetted Bitcoin researcher gets blocked
More than 40 organizations are pressing frontier labs to widen trusted cyber access before offensive AI widens the security gap.