🚀 Macro & Regulation

• Trump fires Federal Reserve Governor Cook.

• Bessent bets that the $3.7T stablecoin market will boost U.S. Treasury demand amid $35T debt load. Bitwise: stablecoins already hold $180B in Treasuries, surpassing Germany, South Korea, and UAE.

• Trump threatens tariffs on countries with digital taxes, digital services legislation, or digital market regulations.

• U.S. banks lobby to amend new stablecoin rules, warning of potential multi-trillion-dollar deposit outflows from “yield leakage.”

• Grayscale files to convert Avalanche Trust into an ETF.

• Canary submits S-1 for “American-Made Crypto ETF,” restricting holdings to U.S.-originated, mined, or headquartered digital assets.

• CFTC Acting Chair Caroline Pham to join MoonPay after new Chair confirmation.

• Webull Corp. to resume crypto trading services for U.S. users.

• Nikkei: Japan’s FSA to review crypto taxation in FY2026, cut crypto taxes, and approve Bitcoin ETFs.

• Japan PM Shigeru Ishiba at WebX Asia 2025: Web3 and AI will be core to industrial revolution, included in a five-year startup incubation plan.

• Digital asset investment products see $1.43B outflows (largest since March), while ETP trading volume surges to $38B.

• Anchorage Digital launches Anchorage Digital Ventures to support early-stage onchain protocols.

• OCBC establishes $1B tokenized USCP program to strengthen USD liquidity resilience.

🍀 Corporate Treasuries

• ETHZilla announces $250M stock buyback.

• France’s Sequans launches $200M ATM stock program to support BTC reserves.

• Bitmine’s crypto & cash holdings rise $2.2B in a week to $8.8B.

• Strategy buys 3,081 BTC ($115,829 avg, $356.9M total); total holdings now 632,457 BTC at $46.5B cost basis ($73,527 avg).

• B Strategy to raise $1B and establish U.S.-listed BNB treasury company.

• Metaplanet to be included in FTSE Japan Index, adds 103 BTC for total 18,991 BTC.

• HK-listed MOG Holding voluntarily discloses WLFI Fund subscription, indirectly investing in Nasdaq-listed ALT5 Sigma.

• U.S.-listed Mega Matrix establishes ENA-centric stablecoin governance treasury.

• U.S.-listed Sharps Technology raises $400M via private placement to build SOL strategic reserves.

• Safety Shot (BONK treasury firm) closes $30M funding round led by FalconX.

• DeFi Dev Corp raising $125M equity to expand Solana reserves.

• Bloomberg: Galaxy, Jump, Multicoin raising $1B to purchase SOL.

• As of Aug 25, global public companies (ex-miners) saw net $1.12B Bitcoin inflows last week.

🔍 Projects & Protocols

• $XRP — Gemini launches XRP credit card; $RLUSD stablecoin now tradable in the U.S.

• $STG — Ends STG staking; veSTG holders get 50% of protocol revenue, 50% allocated to ZRO buyback.

• $ANON — HeyAnon 1.0 (major protocol upgrade) launching this week.

• $YGG — Conducts $1M YGG token buyback.

• $RON — Ronin launches developer revenue-sharing program.

• $ES — Eclipse Labs announces restructuring: CEO exits with millions, 65% staff layoffs.

• $HYPE — 24h spot trading volume hits $3.4B ATH, second-largest BTC exchange after Binance ($15B).

• $LINK — SBI Holdings partners with Chainlink to accelerate institutional adoption of digital assets.

• $LAUNCHCOIN — cluely rumored to launch token on believe platform.

• $BALAGI — Coinbase CEO Brian Armstrong endorses Zora creator token Balagi.

• Jakpot Games — Launches Solana arcade platform featuring P2P games, anti-cheat tools, and “degen mode.”

• Placeholder — Forecasts SOL/ETH and SOL/BTC strength in coming weeks.