Do Kwon, the co-founder of Terraform Labs, is expected to change his plea to guilty in a U.S. criminal case tied to the 2022 collapse of TerraUSD (UST) and LUNA, which wiped out roughly $40 billion in market value. A change-of-plea hearing has been set for August 12 at 10:30 a.m. in Manhattan federal court before Judge Paul A. Engelmayer.

Safety Shot (Nasdaq: SHOT) announced it is establishing a corporate treasury position in BONK through a strategic alliance with BONK founding contributors, receiving roughly $25 million worth of tokens. In exchange, the company is issuing $35 million of convertible preferred shares.

CrediX, a decentralized finance (DeFi) protocol, recently recovered $4.5 million in stolen cryptocurrency after reaching a private settlement with the hacker responsible for the exploit. The breach occurred when attackers gained unauthorized access to CrediX’s multisig admin and bridge wallets, allowing them to mint collateral tokens, borrow against the protocol, and drain its liquidity.

PancakeSwap, a leading decentralized exchange on the BNB Chain, has launched tokenized stock futures for major U.S. tech companies—Apple, Tesla, and Amazon—allowing users to trade synthetic versions of these stocks directly on the blockchain. This new feature, live since August 5, 2025, enables crypto users to open leveraged long or short positions with up to 25x leverage, all through a self-custodied wallet.

Ethereum spot exchange-traded funds (ETFs) in the U.S. recently ended their longest-ever streak of daily net inflows, which lasted 20 days and brought in nearly $5.4 billion. On August 1, the trend reversed with a significant $152 million outflow, the largest since January 8.

Tron Inc., formerly known as SRM Entertainment, has filed with the U.S. Securities and Exchange Commission to raise up to $1 billion in a bid to significantly expand its reserves of TRX, the native token of the Tron blockchain.

ARK Invest, the influential investment firm led by Cathie Wood, has selected SOL Strategies Inc. as its new Solana staking provider for the ARK Digital Asset Revolutions Fund. This move will see ARK transition its validator operations to SOL Strategies’ enterprise-grade infrastructure, which is integrated with BitGo, a leading institutional digital asset custodian.

South Korea’s two largest political parties have both introduced competing bills aimed at regulating stablecoins, reflecting the country’s push to become a leader in digital asset regulation.

A surge in positive sentiment toward cryptocurrencies in the United States is fueling a significant increase in hiring demand for blockchain-related jobs. This trend is closely linked to recent legislative developments, such as the passage of the “Responsible Financial Innovation Act” and the Digital Asset Market Clarity (CLARITY) Act, which have created a more crypto-friendly regulatory environment.

Solana Labs and Jito Labs have been named as co-defendants in an amended federal lawsuit alleging their involvement in a $1.5 billion fraud connected to the Solana-based memecoin launchpad, Pump.Fun. The lawsuit, filed by Burwick Law in the Southern District of New York, claims that these firms were not just infrastructure providers but active participants in a scheme that included illegal gambling, wire fraud, and unlicensed money transmission.

Block Inc., the fintech company founded by Jack Dorsey, has officially joined the S&P 500 index as of July 23, 2025, replacing Hess Corporation after its acquisition by Chevron. This move marks Block as the third publicly listed company in the S&P 500 to hold Bitcoin on its balance sheet, alongside Tesla and Coinbase. Block currently holds 8,584 BTC, valued at approximately $1 billion, making it the 13th-largest corporate Bitcoin holder globally.

The U.S. Senate Banking Committee has released a new discussion draft called the “Responsible Financial Innovation Act,” aiming to overhaul the regulatory framework for digital assets in the United States. This draft, which follows the recent CLARITY Act, seeks to provide clearer definitions and regulatory boundaries for digital assets, with a strong focus on investor protection and regulatory clarity.

Ethena has announced the launch of StablecoinX Inc., a new stablecoin-focused treasury company that will be listed on Nasdaq under the ticker symbol USDE. This move comes as part of a merger with TLGY Acquisition Corp and includes a significant $360 million investment aimed at buying back and accumulating ENA, Ethena’s native token. The announcement triggered an 8% surge in ENA’s price, reaching its highest level since January.

Over $3.4 billion worth of Ethereum (ETH), representing at least 913,111 ETH or about 0.76% of the total circulating supply, has been permanently lost due to user mistakes and smart contract bugs. Major incidents contributing to these losses include the Web3 Foundation’s loss of 306,000 ETH from a Parity multisig wallet vulnerability, the defunct QuadrigaCX exchange locking 60,000 ETH in a faulty contract, and the Akutars NFT project burning 11,500 ETH during a failed mint.

dYdX, a leading decentralized derivatives exchange, has acquired Pocket Protector, a fast-growing Telegram-native trading app, in a move aimed at expanding its social trading capabilities and accelerating product growth. Pocket Protector, founded in 2024, quickly gained traction with over 50,000 users and more than $1 billion in annualized trading volume by allowing users to trade directly within Telegram group chats.

The introduction of Bitcoin exchange-traded funds (ETFs) is transforming how people invest in and hold Bitcoin, raising important questions about the original philosophy behind the cryptocurrency.

Coinbase has announced a major transformation of its Coinbase Wallet, rebranding and expanding it into what is now called the Base App. This new app is being described as an “everything app,” aiming to go beyond just storing and managing cryptocurrencies.

French lawmakers have proposed that the country could generate up to $150 million in annual revenue by embracing Bitcoin mining. They argue that Bitcoin mining could serve as a solution to France’s recurring energy surplus and help address grid imbalances.

The Office of the Comptroller of the Currency (OCC), Federal Reserve (Fed), and Federal Deposit Insurance Corporation (FDIC) have jointly issued new guidance clarifying how U.S. banks can offer crypto custody services. The agencies emphasized that existing banking regulations for fiduciary duty, custody, and information security already provide a framework for safeguarding digital assets.

Bitcoin is approaching a significant resistance level near $127,000, driven by strong bullish momentum and notable on-chain signals. The cryptocurrency recently traded around $122,400, nearing the upper boundary of the MVRV Pricing Bands, a metric often associated with market tops.