Stablecoins
Tether finally got the audit critics demanded, just as Washington changed the test
Tether’s first Big Four audit lands as USDT faces stricter US rules on reserves, liquidity and oversight.
Sentiment: Neutral
Latest stories
Investments
DATA Foundation locks insider tokens past deadline with no new unlock date
A June extension superseded the earlier schedule without identifying its start point, affected wallets or token amount.
Earnings
Gaming firm GameSquare boasts a $26M Ethereum fortune, but quiet debt fine print leaves just $2.1M in real cash
In its Aug. 12 earnings exhibit, GameSquare did not disclose how much ETH was pledged or update the March 31 rollover terms.
ETF
Goldman Sachs drops $2.25 billion to hijack the Bitcoin yield market and leapfrog BlackRock by 19x
The acquisition brings Goldman Sachs the $30 billion NEOS ETF platforms that includes the $1.1 billion BTCI fund.
Privacy
Zcash is borrowing crypto’s new institutional playbook as privacy goes mainstream
Zcash is building a new distribution layer to expand privacy infrastructure, institutional integrations, and real-world access.
Derivatives
How a wall of 1.79 million Bitcoin is quietly choking every attempt to break above $65,000
Bitcoin’s quiet CPI reaction hides a billion-dollar battle between $60,000 and $70,000.
DeFi
Strategy sold $100M to defend STRC’s $100 stock price as DeFi packages the risk into a 7% ‘safer’ trade
Solstice is packaging Strategy’s STRC Bitcoin-related yield into a Solana-native product targeting 20%+ returns with first-loss exposure.
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.
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.
