🗞 Catch up on the news over the last 24 hours!
🔥 BITWISE: “Stablecoins are going parabolic.”
🔥 ETH treasury company Bitmine Immersion estimates $ETH price could reach $60,000 based on replacement value analysis from multiple research firms.
⚡️Ethereum co-founder Joe Lubin explains the adoption of $ETH in comparison to $BTC, says, “It’s becoming increasingly clear that Ethereum's future is now.”
🔥 BlackRock spot Bitcoin ETF bought 1,230 $BTC worth $147.4M on July 28, now holding a total of over 739,000 $BTC.
🇺🇸 China’s Bitcoin mining giant Bitmain plans to open its first US factory in Texas or Florida by the end of Q3 2025.
🔥 Standard Chartered sees $ETH hitting $4K by end-2025 if buying continues.
🇦🇪 RAKBANK becomes the first UAE bank to offer crypto.
🔥 Robinhood CEO Vlad Tenev’s net worth jumped 6x to $6.1B in a year, driven by his crypto-led fintech expansion, per Forbes.
⚡️Coinbase adds Samsung Pay for crypto purchases in the US and Canada.
🇺🇸 BLACKROCK: Stablecoins are here to stay. GENIUS Act may boost dollar dominance via tokenized USD.
🇺🇸 eToro launches 24/5 trading for 100 U.S. stocks, expands futures offering, and announces plans to tokenize U.S. equities as ERC20 tokens on Ethereum.
🇺🇸 Senator Lummis introduces bill to modernize mortgages by allowing crypto assets to count in home loan assessments.
🚨 The U.S. and China have agreed to extend their trade truce.
🔥 Strategy has completed a $2.521B IPO of its STRC preferred stock, using the proceeds to buy 21,021 $BTC at an average price of ~$117,256.
🚨 SEC approves in-kind creations and redemptions for Bitcoin and Ethereum ETFs.
🚨 Kraken is looking to raise $500M at a $15B valuation, per The Information.
Read more: ct.com