According to Emilio (Aave's VP of Engineering), the Aave v4 codebase has been officially introduced to all DAO service providers, marking a significant milestone in the protocol's development. Aave founder Stani.eth also stated that Aave v4 will be launched soon. Related reading: Aave V4 Explained: How Can Lending Leaders Rebuild Their Moats?
Bitmine added 4,871 ETH, with a total holding of approximately 1.7188 million
According to Onchain Lens, Bitmine has added 4,871 Ethereum (ETH) from FalconX, valued at approximately $21.28 million. This brings Bitmine's total ETH holdings to 1,718,770, valued at approximately $7.6 billion. Yesterday, Bitmine reported that its cryptocurrency and cash holdings increased by $2.2 billion over the past week, reaching $8.8 billion.
According to Aiyi's monitoring, the WLFI team opened the lockbox contract at 03:57 this morning and received 6.55 billion WLFI tokens in just five and a half hours, representing 6.55% of the total token supply. Based on the current contract price, this token value is approximately $1.5 billion. Currently, two of the top 10 individual WLFI token holders (the top 1 and top 8) have completed the transfer. Previously, WLFI launched a token unlocking feature, with 20% available for redemption starting September 1st.
Eclipse adjusts strategic direction and replaces CEO, laying off 65% of staff
According to Eclipse Labs, following its Token Generation Event (TGE), the team announced a strategic shift, shifting its focus to developing breakthrough applications based on its Layer 2 infrastructure. Simultaneously, Sydney will take over as CEO, with former CEO Litquidity voluntarily resigning. Furthermore, to align with the new strategy, Eclipse has laid off 65% of its staff to enhance operational flexibility.
According to Cointelegraph, crypto fund Pantera Capital plans to raise up to $1.25 billion to acquire a Nasdaq-listed company, renaming it "Solana Co." The company will focus on accumulating Solana ($SOL) and further developing the Solana ecosystem. This follows news yesterday that Sharps Technology announced a private placement of over $400 million to establish Solana's digital asset financial strategy.
Arkham: A whale bought $2.55 billion worth of ETH from Hyperunit and staked it all
Blockchain analysis platform Arkham published a post on the X platform stating that a whale bought $2.55 billion worth of ETH through Hyperunit this morning and pledged it all through the same staking contract.
WLFI starts the token unlocking function, and 20% can be claimed starting from September 1st
According to WLFI, the $WLFI unlock feature is now live, allowing users to initiate the token unlock process through the Lockbox. The first unlock will begin at 8:00 PM (GMT+8) on September 1st, allowing users to claim 20% of the initial allocation. The entire process requires signing and confirming the Token Unlock Agreement. Once the tokens are entered into the unlock contract, it is normal for the wallet balance to display as zero.
BitMine Chairman Tom Lee forwarded the views of Mark Newton, an analyst at its fund, that ETH currently has a good risk-return ratio and is expected to bottom out at $4,300 in the next few hours and begin to rebound to a new high, with a target price of $5,100 to $5,400-5,450.
According to official Stargate news, the LayerZero Foundation has officially completed its full acquisition of Stargate (STG), including the protocol, tokens, and treasury. Following the acquisition, STG tokens will be convertible into LayerZero's native token, ZRO, at a fixed exchange rate (1 STG = 0.08634 ZRO), and the exchange window will remain open. Furthermore, the StargateDAO will be dissolved, and the STG staking function will cease. However, previously locked STG will be automatically unlocked and can be redeemed for ZRO at any time. Furthermore, all veSTG holders locked before August 10th will share 50% of the protocol's Stargate revenue over the next six months, with the remaining 50% going toward ZRO buybacks. Earlier news reported that the Stargate DAO had approved LayerZero's acquisition of Stargate (STG).
According to a recent report, the 2025 crypto wealth list reveals the wealthiest individuals in the industry, including Bitcoin (BTC) supporters, exchange founders, and those involved in stablecoins. The wealth of these billionaires is primarily driven by token prices, exchange valuations, and market sentiment. Here are the top ten on the list and their assets: Changpeng Zhao (CZ): Founder of Binance, owns 90% of Binance shares, with an estimated net worth of $65.2 billion. Giancarlo Devasini: Former CFO of Tether and Bitfinex, holds significant amounts of BTC and Tether, with an estimated net worth of $22.4 billion. Brian Armstrong: CEO of Coinbase, holds ETH, BTC, and LTC, with an estimated net worth of $17.2 billion. Chris Larsen: Co-founder of Ripple, with an estimated net worth of $10.1 billion thanks to XRP and Ripple shares. Michael Saylor: Founder of Strategy (formerly MicroStrategy), holds significant BTC, with an estimated net worth of $9.8 billion. Jean-Louis van der Velde: Head of Bitfinex, holds significant BTC, with an estimated net worth of $9.5 billion. Paolo Ardoino: Executive at Tether and Bitfinex, with an estimated net worth of $9.5 billion. Justin Sun: Founder of TRON, holder of TRX and other crypto assets, with an estimated net worth of $8.5 billion. Stuart Hoegner: Legal advisor to Tether and Bitfinex, with an estimated net worth of $6.2 billion. Michael Novogratz: Founder of Galaxy Digital Holdings, with an estimated net worth of $6 billion. Notably, the list excludes Satoshi Nakamoto, the anonymous founder of Bitcoin, whose approximately 1.1 million BTC are currently valued at over $110 billion. The above data is based on a Forbes and Bloomberg snapshot from the summer of 2025.
President Trump announced on social media that he would take tough measures against countries that implement digital taxes, digital services legislation, or digital market regulations. He accused these policies of being designed to harm or discriminate against American tech companies while giving special treatment to large Chinese tech companies. Trump warned that if these discriminatory policies are not lifted, he would impose additional tariffs on exports from the relevant countries and restrict the export of American technology and chips. He stressed that American tech companies are no longer the world's "piggy bank" or "doormat," and called on all countries to respect the United States and its tech companies or face consequences.
InfoFi visualization platform Bubblemaps reported that Hayden Davis (Kelsier) allegedly earned $12 million by targeting the YZY token. The report indicates that $57 million of Hayden Davis' funds were unfrozen the day before YZY's official launch, shortly before the token's official launch. An investigation revealed multiple transfers from centralized exchanges to multiple addresses linked to Hayden Davis through fund flows, CCTP transfers, and shared deposits. He began buying YZY as early as 9:54 AM after the token's launch. While it's unclear whether he received insider information or had direct ties to the YZY team, Hayden Davis has previously participated in targeting high-profile tokens such as MELANIA and LIBRA.
According to Lookonchain, despite the sharp market decline, Huang Licheng Machi Big Brother is still increasing his long positions in ETH, BTC, HYPE, YZY, and PUMP at the bottom. As of now, his long positions have lost nearly $8 million.
Market News: CFTC Acting Chair Caroline Pham will join MoonPay after the new chair is confirmed
According to Forbes reporter Eleanor Terrett, rumors are circulating that Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) Caroline D. Pham will join the crypto payments company MoonPay once the new chair is confirmed. MoonPay declined to comment on the rumors, while a CFTC spokesperson did not deny the news, stating only that Pham had stated in May that she would return to the private sector after the new chair was confirmed, but remained committed to implementing the President's cryptocurrency agenda.
The market downturn caused a certain HTX whale to lose $39.24 million in the BTC/USDT trading pair.
According to Onchain Lens monitoring, affected by the market downturn, a whale suffered a margin call in the BTC/USDT trading pair on the HTX platform, with losses reaching as high as US$39.24 million.
Trump announces dismissal of Fed Governor Cook
US President Trump announced the immediate removal of Federal Reserve Board Governor Lisa D. Cook, pursuant to Article II of the US Constitution and the Federal Reserve Act of 1913, as amended. The removal stemmed from allegations of false information in mortgage agreements. According to a criminal referral report filed by the Federal Housing Finance Agency on August 15, Cook's declarations of primary residence in Michigan and Georgia, respectively, in separate documents, were considered fraudulent and potentially criminal. This incident raises questions about Cook's integrity and competence as a financial regulator.
Sequans Communications, headquartered in Paris, France, announced the launch of an "at the market" (ATM) equity offering program to support its long-term Bitcoin reserve strategy. The company has filed a prospectus with the U.S. Securities and Exchange Commission (SEC) for the issuance of up to $200 million in American Depositary Shares (ADSs), each representing 10 ordinary shares. Sequans CEO Georges Karam stated that the program aims to optimize the company's finances, increase its Bitcoin reserves per share, and create long-term value for shareholders. Funds from the program will be primarily used to continue accumulating Bitcoin, consistent with the company's established reserve strategy. The specific timing and size of the offering will be determined based on market conditions.
According to Zhitong Finance, Boyaa Interactive (00434.HK) announced that between August 5 and August 25, 2025, the group conducted a series of transactions on the open market, purchasing a total of approximately 290 bitcoins for a total consideration of approximately HK$257 million (equivalent to approximately US$32.91 million). This time, the company used its own funds to purchase bitcoins.
Anchorage Digital launches venture capital arm to support early-stage on-chain protocols
According to The Block, cryptocurrency custody unicorn Anchorage Digital has established a venture capital department to support early-stage protocol teams. The department, called Anchorage Digital Ventures, will provide financial and strategic support to founding teams building on-chain infrastructure. Anchorage said the program aims to help protocols "be institutional-ready from day one" and provide support beyond financial investment. Anchorage said it is particularly interested in teams working on Bitcoin DeFi, real-world assets, decentralized identity, and other teams with the potential to become infrastructure. The company also emphasized that projects that solve the pain points of institutional adoption are its main focus. The program is now open for applications, and some founders will be invited to participate in an invitation-only demo day during Token2049 in Singapore in October. At that time, Anchorage will announce the recipients of the funding.
According to Businesswire, Nasdaq-listed Heritage Distilling Holding Company announced the completion of a $223.8 million private placement. The offering, backed by the Story Foundation and other investors including a16z Crypto, Amber Group, Arrington Capital, dao5, Hashed, Mirana Ventures, Neoclassic Capital, Open World, Polychain Capital, Selini Capital, Stix, and Syncracy Capital, aims to support the launch of its IP token digital asset finance strategy. The transaction closed on August 15th. The company now holds over 53.2 million Story's native IP tokens, valued at approximately $320 million based on the price on August 22nd.
Gemini partners with Ripple to launch XRP credit card, offering cashback rewards for purchases
According to CoinDesk, crypto exchange Gemini has partnered with Ripple to launch an XRP credit card, offering users cryptocurrency rewards on various purchases. Similar to Gemini's other cash back cards, the card, issued by WebBank, allows cardholders to earn up to 4% cash back in XRP on gas, electric vehicle charging, and ridesharing purchases, 3% cash back on dining, 2% cash back on groceries, and 1% cash back on other transactions. Gemini stated that they are also partnering with select merchants to offer up to 10% cash back on eligible purchases. The exchange has also expanded the use of Ripple's RLUSD stablecoin as a base currency for spot trading pairs for US users.
According to on-chain analyst @ai_9684xtpa, a suspected "ancient BTC whale who has been dormant for seven years and is now publicly swapping ETH" has staked 269,485 ETH, worth $1.25 billion, to the ETH2 beacon chain in the past hour. This staked amount directly surpasses the top four ETH holders, the Ethereum Foundation (231,000). This action has reduced the gap between exits and entrants on the Ethereum PoS network to 260,000 ETH, compared to 727,000 ETH yesterday, and accounts for 66.7% of today's entrants.
Arthur Hayes predicts that the price of HYPE tokens may increase 126 times in the next three years
According to Finance Feeds, BitMEX co-founder Arthur Hayes predicted at the WebX 2025 conference in Tokyo that the value of Hyperliquid's native token, HYPE, could increase 126-fold over the next three years. Hayes based his prediction on the growing use of stablecoins. He said Hyperliquid's annualized fee revenue could increase from $1.2 billion to $258 billion. Earlier today, Hayes predicted that the crypto bull market will continue until 2028, and that DeFi platforms like Ethena and Hyperliquid are poised to benefit from the influx of stablecoin liquidity.
A whale sold 5,500 ETH at an average price of $4,603 in the past four hours.
According to Lookonchain monitoring, the giant whale address starting with 0x3c9E, which chases rising and falling prices, has once again engaged in panic selling, selling 5,500 ETH (worth US$25.32 million) at an average price of US$4,603 in the past 4 hours.
According to CoinShares' latest weekly data, digital asset investment products saw $1.43 billion in outflows last week, the largest outflow since March, with ETP trading volume surging to $38 billion. Bitcoin saw outflows of $1 billion, while Ethereum showed resilience, with only $440 million flowing out. This brought the month's total inflows to $2.5 billion, while Bitcoin saw a net outflow of $1 billion. Altcoin flows were mixed: XRP (+$25 million), Solana (+$12 million), and Cronos (+$4.4 million) saw gains, while Sui (-$12.9 million) and TON (-$1.5 million) saw declines.
Prediction Market Kalshi Hires Crypto KOL John Wang as Head of Crypto Business
According to Bloomberg, the prediction market platform Kalshi recently hired John Wang, a crypto founder turned KOL, as head of crypto business to deepen its layout in the digital asset field. Before joining Kalshi, Wang provided consulting services to crypto startups and wrote cryptocurrency and finance-related content on the social media platform X. Wang said that he dropped out of the University of Pennsylvania and founded Armor Labs, which was later acquired by another company. Wang also said: "Today, all large fintech companies regard cryptocurrency strategy as a core component of their corporate mission. As for Kalshi's cryptocurrency plan, we have prepared a number of different initiatives. One of my main tasks in the early stage is to create more trading markets that resonate with cryptocurrency culture and keep up with market dynamics, directly attracting Twitter users in the cryptocurrency field."
Online brokerage Webull will once again offer cryptocurrency trading services to US customers
Online brokerage Webull Corp. will once again allow U.S. customers to buy and sell cryptocurrencies on its trading platform, after abandoning the service during its 2023 IPO attempt, according to Bloomberg. Trading will be available to all U.S. customers on Monday, according to the company, which has offered the service to Brazilian investors since June. Clients will be offered access to over 50 digital assets, including Bitcoin, Ethereum, and Solana. The company said it expects to expand cryptocurrency trading to other markets in the coming months.
B Strategy to Establish BNB Funding Company with Support from YZi Labs, Aiming to Raise $1 Billion
According to The Block, B Strategy, a digital asset investment firm, announced plans to establish a Nasdaq-listed BNB fund with the goal of raising $1 billion. The press release stated, "The plan aims to operate through a US-listed company that will not only hold BNB as a treasury, but also become the 'Berkshire Hathaway' of the BNB ecosystem." B Strategy's yet-to-be-named BNB fund will receive strategic support from YZi Labs. A YZi Labs representative stated that YZi Labs will provide financial support and ecosystem support to the project, helping it connect with partners. B Strategy stated that it will also leverage its extensive reach in the Asia-Pacific region to access liquidity, market intelligence, and distribution, adding that several prominent Asian family offices have already joined as cornerstone investors. In addition to operating the BNB treasury, the company will dedicate funds and resources to investing in core technology development, providing grants to projects, and supporting community initiatives. YZi Labs stated that the Nasdaq listing and $1 billion fundraising are expected to be completed within weeks.
Strategy spent $356.9 million last week to increase its holdings by 3,081 bitcoins
According to market news, Strategy bought 3,081 bitcoins between August 18 and August 24, with a total purchase price of US$356.9 million.
According to PR Newswire, Sharps Technology (NASDAQ: STSS/STSSW) announced plans to raise over $400 million in a private placement to support its digital asset treasury strategy. Its primary holding will be Solana (SOL), the native digital asset of the Solana blockchain. The PIPE transaction is expected to close on or about August 28, 2025, subject to customary closing conditions. Upon completion, the company plans to use the net proceeds from the offering primarily to acquire SOL in the public market, establish its SOL treasury operations unit, and for working capital and general corporate purposes. Sharps Technology has signed a non-binding Letter of Intent (LOI) with the Solana Foundation. Under the terms of the LOI, the Solana Foundation commits to sell $50 million worth of SOL at a 15% discount to its 30-day time-weighted average price, using only the proceeds from the public offering, subject to certain conditions.
According to PR Newswire, Bitmine, a publicly traded US company, announced that its cryptocurrency and cash holdings exceeded $8.82 billion. As of 5:30 PM ET on August 24, the company's cryptocurrency holdings included 1,713,899 ETH, 192 BTC, and $562 million in unspent cash. BitMine disclosed that its cryptocurrency and cash holdings increased by $2.2 billion over the past week, reaching $8.8 billion (an increase of over 190,500 ETH, from 1.52 million to 1.71 million ETH).
According to Cointelegraph, billionaire heiress Taylor Thomson lost over $80 million in digital assets after following investment advice linked to a psychic. Thomson, a member of the family behind media and financial giant Thomson Reuters, invested millions of dollars in crypto assets with the help of her former close friend, Ashley Richardson. Both had previously sought advice from psychics and others, and Richardson later became deeply involved in managing Thomson's crypto portfolio. During the 2021 bull market, Richardson reportedly managed over $140 million in crypto assets for Thomson across multiple wallets. However, the crypto market downturn in mid-2022 severely impacted the portfolio, with consulting firm Guidepost Solutions estimating Thomson's losses at over $80 million. The firm accused Richardson of executing over 450,000 trades without proper authorization, exposing Thomson to high-risk strategies. Richardson denies the allegations, stating that she acted at Thomson's behest and that there was no formal contract between them. In 2023, Thomson sued Richardson and Persistence. She has now settled with Persistence, but the lawsuit against Richardson is still ongoing.
Deribit: About $15 billion in Bitcoin and Ethereum options will expire this Friday
According to Deribit, Bitcoin and Ethereum options with a combined notional value of approximately $15 billion will expire this Friday. Bitcoin options have a notional value of $11.66 billion, a put/call ratio of 0.88, and a maximum price of $116,000. Put options predominate in open interest, concentrated between $110,000 and $115,000, while call options are concentrated at higher price points, resulting in a wider spread of open interest. Ethereum options have a notional value of $3.08 billion, a put/call ratio of 0.74, and a maximum price of $3,800, indicating a more balanced position. The higher-strike call options have significant OI, leaving room for upside. Deribit concluded that the Bitcoin options expiration indicates continued demand for downside protection, while Ethereum appears more neutral. Combined with the signals signaled by Powell at the Jackson Hole meeting, this options expiration may help set the tone for the market in September.
YGG has repurchased $1 million worth of YGG tokens
According to on-chain analyst Ember, YGG conducted a $1 million YGG token buyback: they deposited 1 million USDT into Binance early yesterday morning and then withdrew 5.873 million YGG from Binance last night at an average price of $0.17. The buyback funds were likely funded by revenue from their first self-developed game, League of Legends Land, which has generated $1 million in revenue over the past 30 days.
Canary Files S-1 for American-Made Crypto ETF
Bloomberg ETF analyst Eric Balchunas wrote on the X platform: "The newly filed application (S-1 filing) for the 'Canary American-Made Crypto ETF' - this spot product will only hold cryptocurrencies that were invented entirely in the United States, mined primarily in the United States, or have their operations located in the United States. As we have previously predicted, due to the success of this category, ETFs are ready to try all imaginable combinations."
Grayscale Files S-1 for AVALANCHE ETF
According to the filing documents on the official website of the U.S. SEC, Grayscale submitted the S-1 document for AVALANCHE ETF.
Binance Futures will launch pre-market trading of SOMIUSDT USDT perpetual contracts
According to the official announcement, Binance Futures will launch pre-market trading of SOMIUSDT perpetual contracts at 17:30 (GMT+8) on August 25, 2025, with a maximum leverage of 5x.
