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πŸ•΅οΈβ€β™‚οΈπŸ§― Morph burned 220 million #BGB (~$1.09 billion) and blocked another 220 million BGB as part of a partnership with Bitget announced Tuesday.

Morph will use BGB as its gas token and management token, and the Morph Foundation will update the BGB burning mechanism by linking it to Morph network activity until the total supply of BGB is reduced to 100 million.

BGB reacted to the news of the partnership by pumping +14%
🍿🧯 #CRO are burning in batches of $50 million They have currently burned $150 million worth of tokens.
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🌍 Top 15 Countries by Global Crypto Adoption Index in 2025

Chainalysis has released its sixth annual Global Crypto Adoption Index. The goal of the index is simple: combine on-chain data and real-world data to measure which countries are leading the world in crypto adoption.
πŸ‡ΊπŸ‡ΈπŸ‘€ #macro ADP Nonfarm Employment (Aug): 54k (pre: 104k)
πŸ€–πŸ’° #AI startup Supersonik has completed a $5 million seed round of funding led by a16z
πŸ’° #ETH Bit Digital reported owning 121,252 ETH (~$533 million), of which about 86.6% (roughly 105,031 ETH) is staked.
πŸ‡ΊπŸ‡ΈπŸ‘€ #macro Initial Jobless Claims: 237k (pre: 229k)
🀝 #RED RedStone acquires credit specialist DeFi Credora. coindesk
πŸ’°πŸ€” #ENA #USDE Mega Matrix plans to sell $2 billion worth of shares and use some of the proceeds to create a treasury reserve strategy for tokenized stackablecoin management and ENA purchases
πŸ“ŠπŸ‘€ CQ: The #BTC/stablecoin ratio on Binance is about to give a rather rare buy signal, as this signal has only appeared twice since the last bear market.
The last time was in March when BTC rolled back to $78k before starting a new rally to its last ATH around $123k.
πŸ™‹β€β™‚ Fireblocks announced the launch of a network that will make it easier for cryptocurrency and financial services companies to exchange stablecoins with each other. fortune
🀝 #SEI Sei and Etherscan unveiled Seiscan - the official blockchain scanner of the Sei network. source
πŸ”πŸ‡ΊπŸ‡Έ Nasdaq steps up scrutiny of companies investing in cryptocurrency. theinformation
πŸ’°πŸ€ Kraken has acquired Breakout, a proprietary trading platform created by Tradermayne and CryptoCred. businesswire
πŸ‡ͺπŸ‡ΊπŸ™‹β€β™‚ #RWA Boerse Stuttgart unveiled Seturion, a pan-European blockchain-based settlement platform designed to unify disparate post-trade systems for tokenized assets and reduce settlement costs by up to 90%. coindesk
πŸ‡ΊπŸ‡ΈπŸ‘€ #macro US (Aug):
- S&P Composite PMI: 54.6 (pred: 55;1);
- S&P Services PMI: 54.5 (previous: 55;7)
πŸ‡ΊπŸ‡ΈπŸ•ΉSEC will consider amending its rules to allow cryptocurrency trading on national stock exchanges and alternative trading systems. reuters
πŸ—½πŸ‘€ #HBAR Hedera has been selected by the state of Wyoming to issue the Frontier Stable Token (FRNT), which will be the first stablecoin issued by a US state.
πŸ‡ΊπŸ‡ΈπŸ‘€ #macro ISM Services PMI (Aug): 52 (previous: 50.1)
πŸ‡ΊπŸ‡ΈπŸ§ The US Department of Justice has opened a criminal investigation of Fed chief Lisa Cook.
πŸ—½πŸ‘€ Michael Saylor's #BTC Strategy meets all criteria for inclusion in the S&P 500 - bloomberg