Brazil’s Chamber of Deputies will hold a public hearing on August 20 to debate PL 4501/2024, a bill proposing a sovereign Bitcoin reserve. It seeks to allocate 5% of the nation’s $341 billion foreign exchange reserves—about $17 billion—into Bitcoin to diversify assets and hedge against inflation. Introduced by legislator Eros Biondini in November 2024, the proposal reflects a broader trend of sovereign adoption of digital assets.
Key stakeholders—Central Bank, Ministry of Finance, fintech firms and crypto advocates—will discuss the fiscal impact, market stability and regulatory framework of a Bitcoin reserve. Supporters, including Vice President Alckmin’s chief of staff Pedro Giocondo Guerra, praise Bitcoin as “digital gold.” Central Bank policy director Nilton David cautions that adding crypto to FX reserves could be “inappropriate.”
If passed, Brazil would become the world’s largest sovereign Bitcoin holder, surpassing El Salvador and the UK. The hearing’s result will determine whether the bill advances to the Economic Development Commission and, ultimately, to Congress and the President. Similar initiatives are underway in U.S. states like Texas and Arizona, and countries including Kazakhstan, Pakistan, India and Sweden.
Tether CEO Paolo Ardoino recently called Bitcoin “undefeatable”, highlighting its resilience amid ongoing market volatility. He stressed Bitcoin’s long-term strength against macroeconomic headwinds, sparking debate between supporters praising its durability and skeptics warning of future challengers.
According to Arkham Intelligence, Tether has built up nearly 80,000 BTC reserves, valued at over $9 billion, positioning the issuer among the top ten institutional Bitcoin holders. Bitcoin is trading around $115,000 with slight daily gains.
Many traders view Bitcoin’s steadiness as a buying opportunity. Others caution that emerging crypto projects could erode Bitcoin’s dominance. Market watchers should monitor Bitcoin’s short-term volatility and Tether’s growing BTC reserves for clues to the next market catalyst.
The DeSoc presale for $SOCS is gaining momentum as Bitcoin volatility intensifies and altcoin rotation accelerates ahead of the 2026 halving. Recent whale moves by Galaxy Digital—transferring over 12,850 BTC to exchanges—pushed BTC down 3%, hinting at a bearish MACD cross in Bitcoin dominance and spurring funds into high-upside presales. DeSoc’s blockchain-powered content syndication platform lets creators publish on Facebook, TikTok, Instagram and Twitter while retaining decentralized control. Of the 3 billion $SOCS supply, 45% is allocated to presale participants, with smart contracts audited and a 30-year liquidity lock plus a 12-hour refund window enhancing trust. Token holders can vote on governance proposals using quadratic voting. As institutions stockpile BTC and traders seek aggressive altcoin opportunities, the DeSoc presale stands out for its strong fundamentals, governance features, and potential 50× upside before the next halving.
KakaoBank, South Korea’s leading digital bank with over 25 million users, is advancing plans to issue a Korean won–backed (KRW) stablecoin and provide custody services. In its H1 2025 results, CFO Tae-Hoon Kwon highlighted the bank’s robust KYC/AML infrastructure and CBDC simulation experience, including real-name verification for crypto exchanges. A Kakao Group Stablecoin Task Force—spanning KakaoBank, KakaoPay and Kakao—aims for a 1:1 KRW stablecoin. In June 2025, KakaoPay filed 18 trademarks and patents with KIPO for stablecoin technologies. Backed by President Lee Jae-Myung’s regulatory push to support domestic stablecoins and curb capital flight, and fueled by an 11% profit rise and strong deposit growth, KakaoBank faces competition from Kookmin Bank and IBK as it seeks to capture market share in the $275 billion stablecoin sector. The move underscores growing institutional adoption of blockchain assets in mainstream finance.
Little Pepe has raised over $14.5 million in its Stage 9 Layer 2 memecoin presale, selling more than 10.15 billion tokens at $0.0018 each—an 80% gain from its launch price. Analysts compare this momentum to Shiba Inu’s historic 9,000% rally and predict a similar surge within 90 days if demand continues.
Built on a 100 billion supply with zero transaction tax, Little Pepe’s tokenomics allocate 26.5% to presale, 30% to reserves, 10% to liquidity, 10% to DEX listings, 10% to marketing and 13.5% to staking rewards. Listings on CoinMarketCap and two major exchanges, plus a $770,000 community giveaway with over 165,000 entries, aim to boost liquidity and engagement. While a $2 price target by 2025 implies 1000x growth, traders should weigh execution risks and market conditions before betting on this high-risk, high-reward project.
SEC clarified that liquid staking receipt tokens are not securities under federal law if providers act solely as agents performing administrative tasks such as minting and redemption. Under the Howey test, these tokens’ value depends on the performance of the underlying assets, mainly ETH, and protocol-driven yields. The exemption does not apply to providers with discretionary control—like setting reward rates, selecting validators, or altering product structures—or those offering investment contract features; such arrangements remain securities. Secondary trading may also qualify for exemption under the same criteria. With $67 billion locked in liquid staking on Ethereum, this regulatory clarity removes SEC registration requirements for compliant liquid staking services. It supports DeFi innovation, boosts crypto liquidity, and paves the way for spot ETH ETFs and institutional adoption. Market participants should maintain strict compliance to benefit from this relief and avoid securities classification.
In July, Ethereum surged 51%, igniting a broad altcoin rally as Bitcoin dominance slipped to 60.6%, its lowest since January. Capital rotated into ETH, XRP, DOGE and SUI, while spot ETH ETFs saw net inflows for 19 consecutive days. The GENIUS Act’s progress on stablecoin regulation further boosted trader confidence.
Corporate treasuries ramped up Ethereum holdings by 127% to 2.7 million ETH, with Bitmine and SharpLink surpassing the Ethereum Foundation’s reserves. Beyond ETH, XRP hit yearly highs, SUI climbed 34.6% after DeFi TVL topped $2.2 billion, and Dogecoin jumped 30% following disclosed treasury allocations. Tokenized stock market capitalization also soared 220% to $53.6 million.
This Ethereum rally underscores growing faith in staking yields, ETH’s deflationary design and clearer regulations, setting the stage for continued altcoin momentum.
Smarter Web Company has debuted a $21 million Bitcoin-denominated convertible bond, fully underwritten by French asset manager Tobam. The three-year, interest-free Bitcoin-denominated convertible bond allows investors to convert holdings into equity or redeem 98% of BTC value at maturity. As one of the UK’s first corporate bonds of this type, the offering underscores growing institutional adoption – with over 200 public companies now holding Bitcoin. Regulatory clarity in the US and acceptance of Bitcoin as a treasury asset have fueled demand. Smarter Web’s BTC bond integrates digital assets into its financial structure, signals rising market liquidity, and could inspire further Bitcoin-based corporate financing. With Bitcoin trading near $114,000, the launch reflects stable market conditions and increasing confidence in Bitcoin’s role in traditional finance.
Satsuma Technology has raised $218 million in an oversubscribed convertible note round led by ParaFi Capital, with participation from Pantera Capital, DCG and Kraken. Investors subscribed in Bitcoin, contributing 1,097 BTC and bringing Satsuma’s Bitcoin treasury to 1,126 BTC. The UK-based startup will deploy proceeds to expand its decentralized AI services, integrate a Bitcoin-native treasury with AI agents and subnet infrastructure, hire developers and enhance liquidity. CEO Henry Elder said the funding validates Satsuma’s thesis and sets a new standard for London-based blockchain firms. The convertible note financing and bolstered Bitcoin treasury underline growing institutional interest in AI-driven crypto projects.
KakaoBank, South Korea’s largest digital-only bank, plans to issue and custodialize a Korean won-pegged stablecoin. The new KRW stablecoin project is overseen by a dedicated task force with KakaoBank, Kakao Pay and the Kakao Group. The bank leverages its blockchain-based infrastructure, real-name verification, KYC/AML systems built over three years and participation in the Bank of Korea’s CBDC pilot to manage digital wallets and transactions. In H1 2025, KakaoBank reported a net profit of 263.7 billion KRW, up 14% year-on-year, and grew its user base to 26 million. Integration with Kakao Pay and KakaoTalk offers a full ecosystem for KRW stablecoin distribution and use. Traders should watch for increased competition in Asia’s digital currency market and potential shifts in stablecoin trading dynamics.
Bitcoin velocity has fallen to its lowest level in ten years. Over 70% of BTC remains unmoved for more than a year. This decline marks a shift from transactional use to store-of-value behavior. Since early 2024, institutional adoption has driven spot Bitcoin ETFs to hold 1.298 million BTC (6.2% of supply). Total institutional reserves, including corporate treasuries and funds, approach 2.55 million BTC (12.8%). Off-chain layers show ongoing economic activity. The Lightning Network’s public capacity has exceeded 5,000 BTC, up nearly 400% since 2020. Wrapped Bitcoin (WBTC) supply on Ethereum grew 34% in H1 2025. Lower Bitcoin velocity boosts scarcity but cuts on-chain transactions and miner fee revenue after the 2024 halving. Traders should monitor Bitcoin velocity, ETF inflows, Lightning adoption, and miner fees. A rebound in velocity could signal renewed transaction demand, while persistently low velocity cements Bitcoin’s macro collateral role.
Brazil’s Chamber of Deputies will hold its first public hearing on August 20, 2025, for Bill 4.501/2024 to establish a sovereign Bitcoin reserve. Lawmakers aim to diversify national treasury assets beyond US Treasuries and hedge against currency fluctuations and inflation. The session in Brasília will gather over a dozen institutions, including Abcripto, the Central Bank, the Finance Ministry and experts like Febraban’s economist Rubens Sardenberg and Méliuz’s Diego Kolling. Proponents highlight blockchain innovation and an inflation hedge. Critics warn of Bitcoin’s high volatility and unclear accounting rules. If approved, Brazil would join US states like Texas in holding public Bitcoin reserves.
SBI Holdings has filed with Japan’s Financial Services Agency (FSA) to launch two crypto ETFs: a BTC/XRP Dual-Asset ETF that directly tracks Bitcoin (BTC) and Ripple’s XRP, and a gold-crypto hybrid ETF allocating over 51% to gold-backed ETFs and up to 49% to crypto ETFs such as a Bitcoin ETF. Both products are designed to list on the Tokyo Stock Exchange and are pending regulatory approval. If greenlit, they would mark the first inclusion of XRP in Japan’s ETF market, strengthen XRP’s regulatory recognition, and reinforce SBI’s partnership with Ripple Labs via SBI Ripple Asia. Analysts say these filings could spur other institutions to follow suit, driving significant capital inflows and expanding crypto investment options for institutional and retail traders in Asia.
On August 5, the SEC’s Division of Corporation Finance released guidance suggesting that some forms of liquid staking may fall outside U.S. securities laws. Commissioner Caroline Crenshaw criticized the SEC guidance as “untested” and warned market participants with a “Caveat liquid staker” note. Commissioner Hester Peirce defended the memo, comparing liquid staking tokens to receipts for staked assets and asserting they are not securities. The split highlights ongoing regulatory uncertainty for DeFi staking services. Liquid staking protocols like Lido Finance (LDO), Rocket Pool (RPL) and Ankr (ANKR) have $67 billion locked, mainly in Ethereum (ETH). Traders should monitor further SEC rules, as evolving guidance could influence staking yields and DeFi liquidity.
Satsuma Technology PLC, a London-listed AI infrastructure firm, has closed an oversubscribed $217.6 million funding round—64% above target—backed by ParaFi, Pantera Capital, Kraken and Digital Currency Group. Investors contributed 1,097.29 BTC, boosting Satsuma’s bitcoin treasury to 1,125.85 BTC (approx. $128 million). Under its Singapore arm, Satsuma now ranks as the UK’s second-largest corporate Bitcoin holder, behind The Smarter Web Company and ahead of Phoenix Digital Assets. Funds will fuel operational scaling, team expansion and decentralized AI development. The deal highlights growing corporate demand for Bitcoin amid UK crypto regulation developments. BTC trades near $114,154, up 108% year-over-year. Traders should watch corporate Bitcoin allocations as a bullish indicator for market stability and adoption.
Glassnode data show TRX realized profit surged to $1.4B on August 5, marking the second-largest single-day event of 2025. Addresses holding TRX for three to five years drove the spike. During this profit wave, TRX traded between $0.32 and $0.33, as long-term investors locked in gains.
Compared with Bitcoin’s $665.1M and Ethereum’s $337.2M realized profits over the same period, TRX realized profit momentum averaged around $1B daily since early August. On-chain indicators—Net Unrealized Profit & Loss (NUPL) in the Optimism/Anxiety zone and a Spent Output Profit Ratio (SOPR) above 1—confirm sustained profit-taking activity.
Meanwhile, Tron’s network processed over five times more USDT transactions than Ethereum. Tron now hosts over $81B in USDT supply, up $20B year-to-date, and handles roughly 60% of all USDT transfers. Rising on-chain volume and social media mentions suggest potential short-term volatility. Traders should monitor TRX realized profit metrics and network growth for strategic entry points.
An anonymous investor lost $3.05M USDT in a crypto phishing attack after signing a malicious transaction without verifying the contract address. A similar scam cost another victim $900,000 USDT, underscoring the rise in crypto phishing attacks that exploit spoofed addresses and weak wallet security. In May 2024, an address-poisoning incident stole $71M but was later refunded. CertiK’s Web3 Security Report shows phishing attacks in 2024 have netted over $1B across 296 breaches, including three over $100M. Binance’s security team launched an antidote algorithm in May, flagging 15M poisoned addresses to boost blockchain security. Crypto traders should enforce strict contract verification and wallet hygiene to mitigate phishing threats.
On August 5, the SEC’s Division of Corporation Finance issued staff guidance clarifying that liquid staking tokens do not constitute securities under federal law. Tokens such as stETH and JITOSOL, issued by platforms like Lido and Rocket Pool, are exempt from SEC registration so long as the underlying assets are not tied to an investment contract. SEC Chair Paul Atkins and Commissioner Hester Peirce hailed the move, likening liquid staking tokens to traditional deposit receipts. Industry leaders at Paradigm and a16z welcomed the decision as a significant win.
As part of the SEC’s broader “Project Crypto” initiative, this clarification is viewed as the final hurdle for spot ETH ETF approvals. By defining liquid staking tokens as non-securities, fund issuers can more efficiently manage daily inflows and outflows, boosting market liquidity and demand for ETH. Traders may see higher volumes in staking derivatives as the industry prepares for faster ETH ETF pathways.
BlockchainFX presale has raised over $4.6 million, pricing BFX tokens at $0.018 ahead of a planned $0.05 listing. The platform’s staking crypto model distributes 50% of daily trading fees as BFX and USDT rewards to holders. A further 20% of fees fund market buybacks, and half of repurchased tokens are burned to support deflationary growth.
BlockchainFX’s trading super app supports crypto, forex, ETFs and stocks. Stakers gain real-world utility via the upcoming BFX Visa Card, compatible with Apple Pay and Google Pay, converting USDT rewards and BFX tokens into fiat for daily spending.
Early participants can join a $500,000 Gleam giveaway by purchasing at least $100 of BFX, while top presale investors share a $100,000 bonus pool. With its robust staking mechanism, burn strategy and passive income potential, the BlockchainFX presale could signal bullish momentum for BFX.
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BlockchainFXstaking cryptoUSDT rewardscrypto presalepassive income
Fundstrat co-founder Tom Lee forecasts Bitcoin price could hit $250,000 by end 2025, with a potential floor above $120,000. He notes that growing institutional investors’ demand has disrupted the traditional four-year halving cycle, reducing cycle-based accuracy. Optimists including Arthur Hayes and Joe Burnett share bullish views. Conversely, Bernstein and Standard Chartered trimmed year-end targets to $200,000, and 10x Research sees $160,000. Bitcoin peaked at $123,100 in mid-July and now trades near $114,000. The Crypto Fear & Greed Index eased from 60 to 54, reflecting cooling market sentiment. Lee holds a long-term $1 million price target. Traders should monitor institutional flows and sentiment shifts to gauge Bitcoin price action.
Elon Musk’s xAI plans to open source Grok 2 next week, providing developers with full access to its 128,000-token context and image generation capabilities. This follows Grok 4’s July 9 launch, which introduced enhanced multimodal inputs and extended reasoning. The move underscores Musk’s strategy to boost transparency, invite external validation, and democratize AI development. After intensive team efforts to meet deadlines, open sourcing Grok 2 aims to foster community collaboration, accelerate model improvements, and could influence AI-driven tools used by crypto traders.
Brazil’s House of Representatives will debate on August 20 a bill to allocate up to 5% of its $300B foreign reserves into Bitcoin, effectively creating a $15B Brazil Bitcoin reserve. The proposal, backed by the Central Bank, Finance Ministry, banking and fintech groups, and crypto advocates, aims to hedge FX volatility and geopolitical risks while spurring blockchain adoption in public and private sectors. Supporters describe Bitcoin as digital gold, though the central bank’s policy director has cautioned against adding crypto assets to official reserves. If approved by the House, the bill moves to the Senate and then to President Lula for final sign-off.
Institutional demand for crypto ETFs is rising. Michigan’s State Retirement System increased its ARK 21Shares Bitcoin ETF holdings to $11.3M and holds $9.6M in the Grayscale Ethereum Trust. Wisconsin’s pension board invested $321M in a Bitcoin ETF. These inflows have driven BTC to record highs above $123,000 and ETH above $3,800. Traders should monitor market sentiment and Bitcoin price dynamics as the Brazil Bitcoin reserve debate progresses.
Former SEC senior counsel Amanda Fischer likened liquid staking rehypothecation to the Lehman Brothers collapse in 2008 in a post on X, arguing that the SEC’s new guidance effectively exempts some liquid staking tokens from SEC and Fed oversight. SEC Commissioner Caroline Crenshaw criticized the guidance’s assumptions and lack of clarity, while Commissioner Hester Peirce praised it as a boost to DeFi liquidity. Industry figures including VanEck’s Matthew Sigel and Helius Labs CEO Mert Mumtaz called Fischer’s comparison misleading, and lawyer Jason Gottlieb suggested on-chain rehypothecation could have mitigated the 2008 crisis. Meanwhile, liquid staking TVL rose 14.5% YTD to $66.94 billion, led by Lido Finance (48% share, $31.88 billion TVL) and Binance-staked ETH ($11.4 billion, up 90%). Traders should watch for evolving SEC policies on liquid staking and rehypothecation norms, as regulatory shifts could affect token performance and market stability.
Matrixport’s analysis identifies the 21-week moving average at $105,696 as the key support level for Bitcoin. Bitcoin has traded narrowly between $114,000 and $115,000 in early August, while its 50-day and 200-day moving averages remain bullish. A recent dip below the 21-day moving average ended the short-term rally. Immediate support stands at $112,000; a break below could push Bitcoin down 24–26% toward $95,000 based on weekly RSI. Conversely, holding above the 21-week moving average may fuel a renewed rally toward $119,000. Market sentiment, tracked by the Fear & Greed Index, has shifted back into greed. Macro factors—Federal Reserve policy, potential spot Bitcoin ETFs, and global regulation—will influence capital flows. Traders should monitor these moving averages and key support levels closely. Strict risk management and position sizing remain essential.
Brazil and Indonesia are evaluating strategic Bitcoin reserves to bolster economic resilience. In Indonesia, Bitcoin Indonesia community leaders met with Vice-President Gibran Rakabuming Raka to propose integrating Bitcoin mining into national reserves using surplus renewable energy. They also recommended distributing The Bitcoin Standard to educate the public. While crypto trading is legal, Bitcoin remains banned for payments in Indonesia. In Brazil, lawmakers will hold a public hearing on August 20 to debate a bill allowing up to 5% of treasury reserves (around $15 billion) for Bitcoin. Key institutions—central bank, finance ministry and bank federation—will testify. Vice-President Geraldo Alckmin supports exploring strategic Bitcoin reserves, though some policymakers are skeptical. This move follows the US executive order for a 200,000 BTC reserve and growing interest from Pakistan, Ukraine and Sweden. Improved custody solutions and regulatory clarity make national Bitcoin reserves feasible. Traders should monitor both countries’ policy developments as potential bullish catalysts for the Bitcoin market.
BitBridge Capital Strategies has completed its SPAC merger with Green Mountain Merger Inc. to become a pure-play Bitcoin treasury firm trading under the ticker BTTL OTC and targeting a Nasdaq uplist by Q3. Focused solely on Bitcoin reserves, the company will launch Respect Loan, a new BTC-backed lending product offering low interest rates and multi-year terms to support sustainable returns and reduce volatility. To drive broader Bitcoin adoption and boost brand visibility, BitBridge will sponsor a university football team and launch an educational podcast hosted by CEO Paul Jaber. The strategic focus on a Bitcoin treasury and lending platform aligns with a broader institutional shift toward sound money practices. Traders should watch BTTL’s uplist progress and Respect Loan uptake as potential catalysts for Bitcoin demand.
Binance will delist DEFIUSDT and MEMEFI USDⓈ-M perpetual futures on August 11, 2025. All open positions will be auto-settled at 12:00 UTC, with new orders disabled from 14:30 UTC. Traders must manually close any remaining DEFIUSDT or MEMEFI positions before the cut-off to avoid forced liquidation. Binance delist action follows recent spot market adjustments and aims to streamline its futures offerings and manage risk exposure. Users should monitor price movements and adjust their trading strategies accordingly.
On August 6, Whale Alert flagged a USDC transfer of 698,990,107 USDC (~$699 M) from Binance’s hot wallet to an unknown address. The scale of this USDC transfer highlights the deep liquidity in the stablecoin market and often signals strategic moves by institutional players, such as OTC trades, exchange rebalancing, custodial storage or investment preparations.
While stablecoin flows typically maintain price stability, large USDC transfers can reduce on-exchange liquidity and foreshadow redeployments or selling pressure. Traders should monitor on-chain data for follow-up transactions — these whale moves can offer insights into short-term liquidity shifts and broader market trends.
According to a VanEck report, decentralized DeFi derivatives exchange Hyperliquid captured 35% of total blockchain revenue in July, drawing high-value traders from Solana amid reliability issues and delayed upgrades. Open interest on Hyperliquid surged to $15.3 billion—up 369% year-to-date—with over $5.1 billion in USDC bridged in. Integration with Phantom Wallet powered $2.66 billion in perpetual futures volume, generating $1.3 million in fees and adding 20,900 new users.
Hyperliquid’s native token HYPE climbed from about $10 in April to an all-time high of $49.75 on July 14 before easing to $37.38 amid a broader pullback. Meanwhile, Solana’s SOL token has fallen 44% since January. This rapid growth in blockchain revenue underscores rising demand for on-chain derivatives and positions Hyperliquid as a leading DeFi derivatives DEX.