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Share link:In this post: The U.S. dollar gained against major world currencies after its August 1 tumble, as investors looked forward to imminent Fed rate cuts. Trump’s firing of the Bureau of Labor Statistics Commissioner Erika McEntarfer and the surprise resignation of Fed Governor Adriana Kugler sank the dollar on Friday. MRB Partners warned of an even more “dire scenario” if faith in the U.S. government’s ability or willingness to repay its debts ever faltered.
Share link:In this post: Ethena’s USDe expanded its supply by 75% in July, reflecting the ETH rally and the renewed confidence in the crypto market. Staked USDe rose to a record premium at $1.19, with $5.22B staked. USDe has spread to Bybit and Uniswap V3, with he potential to decrease the supply if ETH breaks its bullish streak.
Share link:In this post: President Donald Trump says they may offer some kind of dividend to Americans from the tariff revenue. In late July, Trump had said they were considering rebate checks for Americans. Countries still have up to August 7 to negotiate a trade deal with the US.
Share link:In this post: Former UK Chancellor and British Finance Minister George Osborne warned that the country was losing crypto ground to rivals in the global race. Osborne criticized the Labour government for its cautious approach to crypto, pointing out that the U.S., the UAE, and Asia were seizing the opportunity. The founder of ByteTree, Charlie Morris, said the FCA had taken an understandable cautious approach given Bitcoin’s volatile past.
This is not a "lightweight" entrepreneurial opportunity.
Strategy's stock price has increased by 166% over the past year, which is twice the increase of Bitcoin (BTC) during the same period.
Corporate interest in altcoins like Ethereum and Solana is growing, with major investments from companies like GameSquare and Bitmine. However, Bitcoin continues to lead as the dominant treasury asset.
- 02:17Hong Kong Monetary Authority to Implement Basel Crypto Asset Capital Rules on January 1, 2026According to ChainCatcher, citing a report from Caixin, the Hong Kong Monetary Authority recently issued a circular confirming that, starting January 1, 2026, Hong Kong will fully implement new bank capital regulations based on the Basel Committee on Banking Supervision’s crypto asset regulatory standards. Fei Si, partner at King & Wood Mallesons in Hong Kong and lecturer at the Faculty of Law at the University of Hong Kong, stated in an exclusive interview with Caixin that the new regulations set the highest risk weight for crypto asset exposures using permissionless blockchain technology at 1250%. This means banks must hold capital equal to at least 1:1 of such crypto asset exposures. Such a high regulatory capital requirement will make many banks reluctant to hold these types of crypto assets.
- 02:16A major whale/institution liquidates 10,425 ETH worth $49.737 millionAccording to Jinse Finance, a whale or institution sold their remaining 10,425 ETH for 49.737 million USDT over the past 13 hours. They bought ETH in July and sold in August, turning 98.33 million USDT into 150 million USDT. 1. In June, they used 10 addresses to bridge 98.33 million USDT from TRX to ETH, then on July 14 went all-in and purchased 33,333 ETH at an average price of $2,950. 2. After holding ETH for a month, they began selling. By early this morning, all ETH had been sold at an average price of about $4,555. 3. Through this ETH investment, they made a profit of $51.7 million, turning 98.33 million USDT into 150 million USDT.
- 02:16Opinion: Bitcoin Mining Faces an "Extremely Challenging" Market, Electricity Becomes the Key CurrencyAccording to ChainCatcher, as reported by CoinDesk, at the SALT conference in Jackson Hole, executives from Bitcoin mining companies stated that the traditional Bitcoin halving cycle is having a diminishing impact on mining operations, as institutional demand and power infrastructure are reshaping the industry. With increasing hash rates and tightening mining profit margins, securing low-cost energy has become the key to profitability. For example, Cleanspark is expanding its business beyond Bitcoin mining, leveraging its energy infrastructure to provide services for artificial intelligence and data centers. Terawulf, on the other hand, has reached a $6.7 billion lease-backed agreement with Google, converting hundreds of megawatts of its mining infrastructure into data center space.