White House Releases Report Including Cryptocurrency Reserve Details
The White House has published a 168-page report detailing cryptocurrency regulation recommendations, as reported by The Block. Unlike the previously released summary, the official report includes content related to cryptocurrency reserves. The report stated that "the Treasury will manage reserved cryptocurrencies, and the reserved Bitcoin will be maintained as a US reserve asset generally not sold, used to achieve government objectives." While specific follow-up measures for Bitcoin reserves were not detailed, it explained that the Treasury is working on Bitcoin reserve-related tasks and more information will be released soon. The report also mentioned granting CFTC (Commodity Futures Trading Commission) authority to regulate non-security digital asset spot markets.
CBOE BZX Proposes SEC Simplification of Cryptocurrency ETF Listing Regulations
CBOE's securities exchange BZX submitted a new regulation change proposal to the SEC to expedite cryptocurrency ETF listings, as reported by The Block. The proposal aims to skip the existing ETF exchange rule change filing (19b-4) review process, allowing automatic listing and trading of ETF products meeting certain requirements without additional approval procedures.
BTC Options Open Interest Surpasses $57 Billion, Institutional Hedge Demand Surges
Bitcoin options open interest has exceeded $57 billion due to surging institutional hedge demand, as reported by The Block. Among these, Deribit's open interest is approximately $45 billion.
Robinhood Reports $160 Million Cryptocurrency Revenue in Q2
The US stock and cryptocurrency trading app Robinhood disclosed cryptocurrency business revenue of $160 million in its Q2 financial report. During the same period, Robinhood's monthly active users (MAU) were recorded at 12.8 million.
Biden Administration: "Need to Mandate Reporting of US Citizens' Overseas Cryptocurrency Accounts"
The White House indicated in its cryptocurrency report that legislation is needed to mandate US taxpayers report overseas cryptocurrency accounts. According to Decrypt, the Trump administration believed this would prevent Americans from moving cryptocurrencies abroad, and it is also interpreted as a measure to protect domestic brokers and exchanges.
Samourai Wallet Co-Founders Admit Guilt in Unauthorized Money Transfer Business
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill admitted guilt to charges of operating an unauthorized money transfer business, as reported by DL News. Their sentencing is scheduled for November. Previously, the US Department of Justice had indicted them for over $2 billion in illegal transactions and over $100 million in money laundering.
Bernstein: "Coinbase-JP Morgan Partnership Suggests Institutional Cryptocurrency Stance Shift"
Asset management firm Bernstein analyzed that the Coinbase-JP Morgan long-term strategic partnership indicates Coinbase functioning as a core blockchain infrastructure provider, not just an exchange for US banks. Bernstein assessed that JP Morgan chose to collaborate rather than compete with cryptocurrency platforms, which will change how traditional institutions approach cryptocurrencies.
Polygon Network Down Due to Verification Mechanism Bug
Polygon went offline for an hour due to a network verification mechanism bug before returning online, as reported by DL News. During the offline period, the Heimdall service managing validators and synchronizing the chain with Ethereum became non-functional.
US Treasury Secretary Posts "Crypto, Welcome Home" Video on X
US Treasury Secretary Scott Bessent posted a video titled "Crypto, Welcome Home" on X. Today, the White House released a 168-page cryptocurrency report.
Telegram @crypto Handle Offered for $25 Million
A Telegram user who purchased the @crypto handle for $350,000 in 2023 received an offer to sell the handle for $25 million, as reported by CoinDesk. All Telegram nicknames are tokenized on the TON blockchain and cannot be duplicated.
H100 Purchases Additional 57 BTC
Swedish healthtech company H100 announced additional purchase of 56.9 BTC. Total holdings increased to 685.1 BTC.
Over 220,000 BTC Moved from Long-Term to Short-Term Holders in 30 Days
Crypto Quant contributor Maartunn reported that 223,602 BTC moved from long-term to short-term holders in the past 30 days.
Coinbase Premium Turns Negative for First Time Since 5/29
The Coinbase Premium index (price difference between Coinbase USD market and Binance USDT market BTC) turned negative for the first time since May 29, as reported by CoinTelegraph. Bitcoin buy/sell ratio also dropped to 0.9, suggesting increased selling pressure from market makers.
Libre Capital Launches $100 Million BTC Diversification Yield Fund
RWA (Real World Asset) tokenization specialist Libre Capital, rebranded as KAIO, is launching a $100 million Razor Digital Bitcoin Diversification Yield Fund, as reported by PR Newswire. This will provide institutional DeFi with Bitcoin-based yields.
14-Year Dormant Whale Suspected of Selling BTC through Market Makers
Amber CN reported that a whale who purchased 3,962.6 BTC at $0.375 in January 2011 appears to be selling in tranches through market makers after awakening from dormancy. So far, 450 BTC have been transferred externally, with 150 BTC moved to Coinbase, B2C2, and Wintermute in the past five days.
Whale Withdraws Additional 7,500 ETH from Binance
According to OnChainLens, a whale who withdrew 20,000 ETH ($75.56 million) from Binance the previous day additionally withdrew 7,500 ETH from Binance. Exchange withdrawals are generally interpreted as holding purposes.
62,215 ETH transfer... Anonymous โ Kraken
According to Whale Alert, 62,215 ETH was transferred from an anonymous address to a Kraken address. The amount is worth $240 million.
7,625 BTC transfer... Coinbase โ Anonymous
According to Whale Alert, 7,625 BTC was transferred from a Coinbase address to an anonymous address. The amount is worth $900 million.
Coinbase lists RSC
Coinbase announced the listing of Research Coin (RSC).
Coinbase lists BIO
Coinbase announced the listing of BioProtocol (BIO).
BTC surpasses $117,000
According to Coinness market monitoring, BTC has surpassed $117,000. BTC is trading at $117,019.67 in the Binance USDT market.
BTC falls below $117,000
According to Coinness market monitoring, BTC has fallen below $117,000. BTC is trading at $116,971.32 in the Binance USDT market.
BTC falls below $116,000
According to Coinness market monitoring, BTC has fallen below $116,000. BTC is trading at $115,968.01 in the Binance USDT market.
