Key Points: Transak raises $16 million led by Tether for expansion.
Plans include stablecoin network and global market entry.
Tether holds over 60% of the stablecoin market share.
Web3 payment company Transak secured $16 million in funding, co-led by IDG Capital and Tether, to expand its stablecoi

Key Points: USDC Treasury minted 250 million USDC on Solana at 18:55 and 18:56 Beijing time on August 12.
The mint significantly boosts available USDC liquidity on Solana.
Experts suggest no immediate regulatory reaction to this mint.
Whale Alert reported that the USDC Treasury minted 500 million

Key Points: Ethena reaches over $10 billion TVL, second after Aave.
A notable achievement in non-staking DeFi protocols.
TVL now at $11.89 billion with 4.72% sUSDe APY.
Ethena has exceeded a Total Value Locked (TVL) of 11.89 billion USD, becoming the sixth DeFi protocol to achieve this

Key Points: Fosun reportedly pursues Hong Kong stablecoin license.
No official confirmation from involved parties.
Regulatory regime active from August 2025.
Chinese conglomerate Fosun International reportedly aims for a stablecoin license in Hong Kong, involving meetings with regional officials i

Key Points: Trump Media filed an amended S-1 for a Bitcoin ETF with the SEC.
Launch contingent on SEC approvals and intended for NYSE Arca.
Fee and trading symbol remain undisclosed in the filing.
Trump Media & Technology Group announced it plans to launch a Bitcoin ETF by year-end, filing an amen

Key Points: Wisconsin’s AB384 bill requires KYC for Bitcoin kiosks.
Transaction cap set at $1,000 per day.
Increased operational compliance costs for ATM operators.
The Wisconsin State Senate has introduced bill AB384 requiring Bitcoin ATMs to enforce full identity verification and limit

Key Points: Ant Group officially denies rare earth stablecoin collaboration rumors.
No project or funding confirmed by involved parties.
Analysts expect limited market impact from this denial.
Ant Group refutes rumors about plans with the People’s Bank of China and China Rare Earth Group to

Key Points: Singapore Exchange considers crypto perpetual futures for institutions, subject to approval.
No confirmation for retail access; MAS restricts retail crypto derivatives.
Institutional focus aligns with AsiaNext and EDXM Global’s offerings.
Singapore Exchange (SGX) plans to list

Key Points: E.J. Antoni is a leading candidate for BLS Director after McEntarfer’s dismissal.
Possible reforms in employment data methodology under Antoni.
Market reacts to potential changes in labor statistics reporting.
E.J. Antoni, a chief economist and critic of the Bureau of Labor

Key Points:
Main event: BlackRock may file for spot XRP and SOL ETFs, as discussed by industry expert Nate Geraci.
Concise takeaway: Significant implications for crypto markets anticipated.
Critical impact: Possible price movements for XRP and SOL on filing speculation.
Nate Geraci, president o

Key Points: US banks’ restrictions on Bitcoin ETF access draw White House criticism.
GENIUS Act provides regulatory support for stablecoins.
Regulatory clarity is critical for broader cryptocurrency adoption.
David Sacks, the White House director of AI and cryptocurrency, criticized U.S. banks on

Key Points: China investigates cryptocurrency projects for suspected pyramid schemes.
No comments from project leadership found.
No immediate global DeFi market impact observed.
The Market Supervision Administration of Shiyan City, Hubei Province, has issued a risk warning and launched an investig

Key Points: China curbs stablecoin research to prevent market overheating, affecting local institutions.
No immediate impact on stablecoin market reported.
The action mirrors past crypto regulatory moves by China, causing market caution.
China’s financial regulators have discreetly instructed loca