🇺🇸 The head of the U.S. SEC writes about the lawsuit against Ripple: "The chapter is closed," paving the way for clear regulatory frameworks for the crypto market.
🚀 David Bailey, who aims to push the price of BTC to $10,000,000, announced that he will personally buy $762,000,000 worth of the asset using the VWAP strategy.
📊 VWAP (Volume Weighted Average Price) involves breaking large orders into smaller ones to minimize their impact on the price of BTC.
👔 David Bailey is the co-founder and CEO of BTC Inc. (Bitcoin Magazine) and the founder of Nakamoto Inc. In 2024, he became an unofficial advisor to Donald Trump on cryptocurrency and blockchain policy, playing a key role in shaping his pro-Bitcoin agenda.
😳 Inflows into Ethereum ETFs yesterday reached $1,020,000,000 (a historic record).
👉 Important for adoption as $1B+ inflows show strong institutional demand. Watch SEC's Aug 31 deadline for spot-SOL ETF decisions as the next catalyst.
🔥 Payment giant Stripe plans to launch its own blockchain "Tempo" in collaboration with Paradigm. 🚀💳
👉 Low-impact now: Card-network pilots like Stripe's Tempo lack near-term fiat pipes or spot demand. Watch SEC's Aug 31 SOL-ETF window for real adoption triggers.
🔍 Bloomberg: Do Kwon may plead guilty to fraud related to the $40B collapse of the TerraUSD stablecoin.
⚖️ Court hearings regarding a "change of plea" for the Terraform Labs founder are scheduled for tomorrow. If Do Kwon decides to plead guilty, he will have to provide a detailed account of how he violated the law.
Consensus forecast: Inflation expected to rise to 2.8% YoY.
- Business Insider: CPI data could be a key market driver in the coming months, influencing the likelihood of a Fed rate cut by year-end.
- Bloomberg: July price increases may accelerate due to new tariffs and rising service costs. This could push the Fed to maintain tight monetary policy longer, fearing entrenched inflation expectations.
**Key points:** - DAO gains legal status to sign contracts and defend in court - $16.5M in UNI allocated for taxes and legal protection - A portion of liquidity pool fees will fund the DAO treasury (but won’t be directly distributed to UNI holders)
👉 Low-impact for adoption: State-level DAO laws don't unlock major fiat pipes; watch SEC's spot-SOL ETF decisions (Aug 31) for institutional flows.
Regulators have granted the first crypto exchange OSL permission to open SOL trading for retail investors. 🚀
👉 Low-impact now: retail SOL trading in HK is incremental adoption (no new fiat pipes); watch SEC's Aug 31 spot-SOL ETF decision for institutional flows.
🤝 Blockchain Chainlink is being integrated into Intercontinental Exchange (ICE), the parent company of NYSE.
Data from over 300 global exchanges will be available on the Chainlink blockchain, providing DeFi projects, banks, and fintech companies with access to on-chain data (accurate currency rates, gold, silver, and other metal prices). 🚀📊
👉 Low-impact now: Card-network-level integrations like ICE+Chainlink boost usability but lack near-term fiat pipes; watch SEC's Aug 31 SOL-ETF decision for institutional adoption.