Crypto soothsayer
๐ A true ETH legend in the making One trader turned $125K โ $29.6M (236x) in just 4 months on Hyperliquid by relentlessly compounding profits into $ETH longs. At peak, he built a 66,749 ETH ($303M) position ๐คฏ. From a small deposit to tens of millions โโฆ
๐ฝ From $43M to almost nothing in 2 days
A trader who turned $125K into $6.9M (with a peak balance of $43M) just lost it all.
๐ซฅ His $6.2M ETH long got liquidated, leaving only $771K โ still profit, but a far cry from the fortune he once held.
Four months of gains vanished in just two brutal days. ๐คท
A trader who turned $125K into $6.9M (with a peak balance of $43M) just lost it all.
๐ซฅ His $6.2M ETH long got liquidated, leaving only $771K โ still profit, but a far cry from the fortune he once held.
Four months of gains vanished in just two brutal days. ๐คท
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๐ฎ SharpLink Gaming keeps crushing the corporate ETH treasury game
Yesterday, they scooped up 143,593 ETH worth $667M, bringing their stash to 740,760 ETH ๐คฏ. On top of that, they still hold $84M in cash ready for future buys.
Since launching their program in June, SharpLink has already earned 1,388 ETH from staking. ๐ต
While retail panics on dips, corporations quietly keep stacking Ethereum like thereโs no tomorrow. ๐ณ
Yesterday, they scooped up 143,593 ETH worth $667M, bringing their stash to 740,760 ETH ๐คฏ. On top of that, they still hold $84M in cash ready for future buys.
Since launching their program in June, SharpLink has already earned 1,388 ETH from staking. ๐ต
While retail panics on dips, corporations quietly keep stacking Ethereum like thereโs no tomorrow. ๐ณ
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๐ The current correction, though dramatic at first glance, remains moderate โ just -8% from the local peak ๐
๐ According to CryptoQuant:
โข Mid-term support (111-day SMA) sits at $109,600
โข Realized price for short-term holders is around $106,800
โก๏ธ This creates a strong demand zone at $107Kโ$110K, where stabilization and a potential rebound are likely.
๐ According to CryptoQuant:
โข Mid-term support (111-day SMA) sits at $109,600
โข Realized price for short-term holders is around $106,800
โก๏ธ This creates a strong demand zone at $107Kโ$110K, where stabilization and a potential rebound are likely.
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โก๏ธ SoFi goes Lightning-fast with Bitcoin
SoFi is set to become the first US bank to integrate the Bitcoin Lightning Network and Universal Money Address (UMA) through a partnership with Lightspark.
๐ The service will launch later this year, starting with US โ Mexico remittances, in the massive $740B global remittance market.
How it works:
๐ต USD โ BTC (real-time) โ sent via Lightning โ lands as local currency in recipientโs bank.
๐ง UMA allows transfers with simple, email-like addresses.
โ 24/7 availability
โ Lower fees than national averages
โ Full transparency on rates
SoFiโs 11.7M members will soon be able to send money abroad in seconds โ no Western Union lines, no hidden fees, just Bitcoin rails.
SoFi is set to become the first US bank to integrate the Bitcoin Lightning Network and Universal Money Address (UMA) through a partnership with Lightspark.
๐ The service will launch later this year, starting with US โ Mexico remittances, in the massive $740B global remittance market.
How it works:
๐ต USD โ BTC (real-time) โ sent via Lightning โ lands as local currency in recipientโs bank.
๐ง UMA allows transfers with simple, email-like addresses.
โ 24/7 availability
โ Lower fees than national averages
โ Full transparency on rates
SoFiโs 11.7M members will soon be able to send money abroad in seconds โ no Western Union lines, no hidden fees, just Bitcoin rails.
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โ ๏ธ Fake CAPTCHA = Stolen Crypto
DNSFilter warns of a new malware scam: hackers use fake โIโm not a robotโ CAPTCHA pages to trick users into running commands that install Lumma Stealer โ malware that drains crypto wallets, browser passwords, 2FA tokens, and even password vaults.
๐จ In one case, 17% of users followed the malicious instructions, which could have led to instant wallet compromise.
โฑ๏ธ Stolen funds are laundered in under 3 minutes via DEXs, leaving almost no chance of recovery.
๐ Stay safe: never copy-paste commands from suspicious prompts, use unique passwords, and double-check sites before entering credentials.
๐ Hackersโ speed is their biggest weapon โ vigilance is yours.
DNSFilter warns of a new malware scam: hackers use fake โIโm not a robotโ CAPTCHA pages to trick users into running commands that install Lumma Stealer โ malware that drains crypto wallets, browser passwords, 2FA tokens, and even password vaults.
๐จ In one case, 17% of users followed the malicious instructions, which could have led to instant wallet compromise.
โฑ๏ธ Stolen funds are laundered in under 3 minutes via DEXs, leaving almost no chance of recovery.
๐ Stay safe: never copy-paste commands from suspicious prompts, use unique passwords, and double-check sites before entering credentials.
๐ Hackersโ speed is their biggest weapon โ vigilance is yours.
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Crypto companies have raised $15B through Digital Asset Treasuries (DATs) this year โ far surpassing traditional venture rounds ๐ฐ
โ DATs = firms buying BTC, ETH, or even altcoins (like Hyperliquidโs HYPE, now $1.5B held) as corporate reserves instead of cash.
๐ Announcements often pump stock prices โ e.g., Lion Groupโs $600M Hyperliquid facility boosted shares +20%.
๐ Meanwhile, VC deals plunged 56% YoY (856 vs. 1,933 in 2024), as big players (DCG, Paradigm, Galaxy) shift capital from startups to DATs.
July alone saw $6.2B raised, the biggest monthly record ever โ showing Wall Street now favors crypto on balance sheets over venture bets. ๐ช
๐ 2025 is shaping up as the year corporate treasuries, not VCs, drive crypto adoption.
โ DATs = firms buying BTC, ETH, or even altcoins (like Hyperliquidโs HYPE, now $1.5B held) as corporate reserves instead of cash.
๐ Announcements often pump stock prices โ e.g., Lion Groupโs $600M Hyperliquid facility boosted shares +20%.
๐ Meanwhile, VC deals plunged 56% YoY (856 vs. 1,933 in 2024), as big players (DCG, Paradigm, Galaxy) shift capital from startups to DATs.
July alone saw $6.2B raised, the biggest monthly record ever โ showing Wall Street now favors crypto on balance sheets over venture bets. ๐ช
๐ 2025 is shaping up as the year corporate treasuries, not VCs, drive crypto adoption.
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๐ช๐ธ Spain just sent shockwaves through the crypto community!
A local investor was hit with a โฌ9M tax bill for a simple DeFi collateral loan โ no profits, no withdrawals! ๐
๐ The law requires paying upfront before appealing, with cases dragging on for up to 8 years.
โ๏ธ Lawyers warn this aggressive taxation is likely illegal, but until resolved, it creates huge risks for anyone using DeFi in Spain.
๐ For crypto investors, Spain may no longer be a friendly destination.
A local investor was hit with a โฌ9M tax bill for a simple DeFi collateral loan โ no profits, no withdrawals! ๐
๐ The law requires paying upfront before appealing, with cases dragging on for up to 8 years.
โ๏ธ Lawyers warn this aggressive taxation is likely illegal, but until resolved, it creates huge risks for anyone using DeFi in Spain.
๐ For crypto investors, Spain may no longer be a friendly destination.
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๐ธ Hyperliquid has officially become the most profitable company in the world by revenue per employee โ a staggering $102.4M per worker with just 12 people on the team!
For comparison, this outpaces giants like Tether and even OnlyFans. ๐
โก๏ธ The stat highlights not only Hyperliquidโs explosive growth but also how lean crypto-native firms can massively outperform traditional companies in efficiency and profitability.
For comparison, this outpaces giants like Tether and even OnlyFans. ๐
โก๏ธ The stat highlights not only Hyperliquidโs explosive growth but also how lean crypto-native firms can massively outperform traditional companies in efficiency and profitability.
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๐ Circle launches Circle Gateway mainnet โ a new cross-chain solution for USDC
With Gateway, USDC across multiple blockchains is treated as one unified balance, solving key issues:
1๏ธโฃ No more fragmented liquidity across chains.
2๏ธโฃ Near-instant transfers (<1s, next-block finality).
3๏ธโฃ No need to over-allocate capital for rebalancing/withdrawals.
How it works: deposit USDC into the Gateway smart contract โ unified balance is created โ seamless cross-chain transfers.
โ Available now on Arbitrum, Avalanche, Base, Ethereum, OP Mainnet, Polygon PoS, and Unichain. Arc and more chains coming soon.
With Gateway, USDC across multiple blockchains is treated as one unified balance, solving key issues:
1๏ธโฃ No more fragmented liquidity across chains.
2๏ธโฃ Near-instant transfers (<1s, next-block finality).
3๏ธโฃ No need to over-allocate capital for rebalancing/withdrawals.
How it works: deposit USDC into the Gateway smart contract โ unified balance is created โ seamless cross-chain transfers.
โ Available now on Arbitrum, Avalanche, Base, Ethereum, OP Mainnet, Polygon PoS, and Unichain. Arc and more chains coming soon.
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SkyBridge Capital founder Anthony Scaramucci predicts Bitcoin could hit $180Kโ$200K by the end of this year โ and he calls that a โconservativeโ estimate! ๐ฅ
His reasoning: supply vs. demand. ๐งฎ Only 450 BTC are mined daily, while institutional appetite is growing fast. Compared to 3 years ago, todayโs conferences are packed with big funds instead of just retail investors. ๐ง
Notably, last year Scaramucci forecasted $100K BTC by end of 2024 โ and Bitcoin actually hit $108K in December. Now heโs raising the bar even higher. ๐
His reasoning: supply vs. demand. ๐งฎ Only 450 BTC are mined daily, while institutional appetite is growing fast. Compared to 3 years ago, todayโs conferences are packed with big funds instead of just retail investors. ๐ง
Notably, last year Scaramucci forecasted $100K BTC by end of 2024 โ and Bitcoin actually hit $108K in December. Now heโs raising the bar even higher. ๐
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๐ฅ Exchange tokens are on fire!
โช๏ธBNB just smashed a new ATH at $884 ๐
โช๏ธOKB followed with its own record โ $195 ๐ฅ
โช๏ธBNB just smashed a new ATH at $884 ๐
โช๏ธOKB followed with its own record โ $195 ๐ฅ
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๐จ๐ณ China may soon greenlight yuan-backed stablecoins as part of its push to expand the global use of its currency, Reuters reports.
๐ A roadmap could be approved by the State Council in late August, setting targets for yuan adoption worldwide and defining the role of regulators, including the PBOC. Senior officials are expected to outline the limits and business applications of stablecoins. ๐ณ
The first testbeds will be Hong Kong and Shanghai, with cross-border use also on the agenda at the upcoming SCO summit in Tianjin (Aug 31โSep 1).
If approved, this could mark a major step in Chinaโs digital currency strategy. ๐ด๐
๐ A roadmap could be approved by the State Council in late August, setting targets for yuan adoption worldwide and defining the role of regulators, including the PBOC. Senior officials are expected to outline the limits and business applications of stablecoins. ๐ณ
The first testbeds will be Hong Kong and Shanghai, with cross-border use also on the agenda at the upcoming SCO summit in Tianjin (Aug 31โSep 1).
If approved, this could mark a major step in Chinaโs digital currency strategy. ๐ด๐
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๐ก Coinbase, Binance, Kraken, Robinhood, PayPal, Ripple & others teamed up with law enforcement (plus sleuths like ZachXBT) to launch Beacon Network โ the first real-time crypto crime response system. ๐ฅฉ๐ท
๐ The network tracks stolen funds, blacklists suspicious wallets, and can automatically freeze assets when hackers try to cash out on exchanges.
With at least $47B stolen since 2023, the goal is clear: fight hacks, scams, and illicit funding โ and maybe even get victimsโ money back. ๐ธ
๐ The network tracks stolen funds, blacklists suspicious wallets, and can automatically freeze assets when hackers try to cash out on exchanges.
With at least $47B stolen since 2023, the goal is clear: fight hacks, scams, and illicit funding โ and maybe even get victimsโ money back. ๐ธ
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๐ 7-Year Bitcoin Whale Sells $76M to Go Long on Ether!
An OG whale holding 14,837 BTC (~$1.6B) sold 670 BTC ($76M) to open four leveraged ETH positions totaling 68,130 ETH. Most were at 10x leverage around $4,300. ๐ง
Price dipped after the move, hitting $4,080, putting three positions close to liquidation, but ETH is now back near $4,287 (+2.9% 24h). ๐
Institutions are stacking ETH too: two wallets added 9,044 ETH each, while BitMine Immersion Technologies boosted its treasury to 1.52M ETH ($6.6B).๐
An OG whale holding 14,837 BTC (~$1.6B) sold 670 BTC ($76M) to open four leveraged ETH positions totaling 68,130 ETH. Most were at 10x leverage around $4,300. ๐ง
Price dipped after the move, hitting $4,080, putting three positions close to liquidation, but ETH is now back near $4,287 (+2.9% 24h). ๐
Institutions are stacking ETH too: two wallets added 9,044 ETH each, while BitMine Immersion Technologies boosted its treasury to 1.52M ETH ($6.6B).๐
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Crypto soothsayer
๐ฆ MetaMask Prepares to Launch Its Own Stablecoin MetaMask, with 30M+ monthly users, is set to unveil details of its USD-pegged token mUSD this week, with launch expected by monthโs end. ๐ The project involves Bridge (acquired by Stripe) for payments integrationโฆ
๐ฆ MetaMask Launches Its Own Stablecoin โ mUSD
MetaMask is rolling out MetaMask USD (mUSD) later this year on Ethereum and Linea. Unlike most stablecoins, mUSD is native to the wallet from day one, aiming to be the default dollar unit across its 100M+ users.
๐ Issued by Bridge (Stripe-owned) and powered by M0, mUSD will be 1:1 backed by cash & U.S. Treasuries, with real-time transparency and cross-chain liquidity.
At launch, users can on-ramp, hold, swap, bridge, and spend mUSD directly inside MetaMask โ even via the MetaMask Card at Mastercard merchants. ๐ณ
With stablecoins nearing $1T monthly volume and new U.S. regulation in place, MetaMask is positioning mUSD to deepen DeFi liquidity, cut onboarding friction, and capture stablecoin yield. ๐ฐ
MetaMask is rolling out MetaMask USD (mUSD) later this year on Ethereum and Linea. Unlike most stablecoins, mUSD is native to the wallet from day one, aiming to be the default dollar unit across its 100M+ users.
๐ Issued by Bridge (Stripe-owned) and powered by M0, mUSD will be 1:1 backed by cash & U.S. Treasuries, with real-time transparency and cross-chain liquidity.
At launch, users can on-ramp, hold, swap, bridge, and spend mUSD directly inside MetaMask โ even via the MetaMask Card at Mastercard merchants. ๐ณ
With stablecoins nearing $1T monthly volume and new U.S. regulation in place, MetaMask is positioning mUSD to deepen DeFi liquidity, cut onboarding friction, and capture stablecoin yield. ๐ฐ
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๐ In 2025, the gap between newly mined Bitcoin and purchases by public companies has hit a 12x imbalance!
Corporates are stacking BTC far faster than miners can produce it โ a clear sign of growing institutional hunger.
When supply canโt keep up with demand at this scaleโฆ you know what usually happens next ๐
Corporates are stacking BTC far faster than miners can produce it โ a clear sign of growing institutional hunger.
When supply canโt keep up with demand at this scaleโฆ you know what usually happens next ๐
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๐ฐ Big players double down on Solana
The four largest corporate holders of SOL boosted their balances by 15.9%, now owning a combined 3.68M SOL worth around $686M.
๐ Leader of the pack โ Upexi, holding 2M SOL.
Institutions keep stacking, showing growing confidence in Solanaโs long-term play. ๐
The four largest corporate holders of SOL boosted their balances by 15.9%, now owning a combined 3.68M SOL worth around $686M.
๐ Leader of the pack โ Upexi, holding 2M SOL.
Institutions keep stacking, showing growing confidence in Solanaโs long-term play. ๐
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Tether and Circle are meeting this week with CEOs of South Koreaโs โBig Fourโ banks โ Shinhan, Hana, KB, and Woori โ to discuss partnerships, possible won-backed stablecoins, and distribution of USDC/USDT in the country. ๐ฐ
๐ฐ๐ท South Korea is drafting new laws to regulate local stablecoins after shelving its CBDC tests. Banks are already filing trademarks and hinting at launching won-pegged tokens next year.
Looks like Seoul could soon become the next battlefield for stablecoin dominance ๐ง
๐ฐ๐ท South Korea is drafting new laws to regulate local stablecoins after shelving its CBDC tests. Banks are already filing trademarks and hinting at launching won-pegged tokens next year.
Looks like Seoul could soon become the next battlefield for stablecoin dominance ๐ง
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๐ CryptoQuant reports that Bitcoin whales have accumulated over 16,000 BTC ($1.8B) in the past week
The data focuses on wallets holding between 1,000โ10,000 BTC, showing strong buying activity during the recent market dip. ๐
This trend highlights continued institutional and large-scale investor confidence in Bitcoin, as they treat price corrections as accumulation opportunities rather than exit signals.
Long story short: while short-term sentiment looks shaky, whales are clearly betting on the long game. ๐
The data focuses on wallets holding between 1,000โ10,000 BTC, showing strong buying activity during the recent market dip. ๐
This trend highlights continued institutional and large-scale investor confidence in Bitcoin, as they treat price corrections as accumulation opportunities rather than exit signals.
Long story short: while short-term sentiment looks shaky, whales are clearly betting on the long game. ๐
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