Didn't have time to catch up this week? Here's everything that matters in 2 minutes.
🚀 Cryptomarket explodes — Bitcoin back above $79,000
XRP led altcoins with +18.8% as short liquidations and ETF demand fueled the rally.
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🪙 Six US banks build tokenized deposit model via Fireblocks
Programmable, near-instant settlement between financial institutions marks a step toward mainstream tokenization.
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⚖️ EU sanctions package enables country-wide crypto transaction bans
Regulators can now cut off entire jurisdictions accused of enabling sanctions evasion.
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🏛 Trump says CFTC chair is working on Hyperliquid compliance
One of the first public acknowledgments by a sitting president of a specific DeFi protocol's regulatory status.
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🔨 CFTC resolves action against former Alameda Research CEO
Another step in ongoing regulatory accountability tied to the FTX collapse.
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🟠 Bitcoin surges 6.2% to $77,393, liquidating short positions
Bitcoin broke sharply higher, rising 6.2% to $77,393 after weeks of consolidation between $65,000 and $68,000. The move reached an intraday high of $79,461, representing a decisive expansion in volatility as bearish leveraged positions were caught on the wrong side of the move.
The rally liquidated a significant portion of short positions that had built up during the extended consolidation phase, a dynamic commonly referred to as a short squeeze.
💵 ANZ Launches Bank-Issued Stablecoin Under RBA's Project Acacia
Australia's ANZ bank has launched one of the country's first bank-issued stablecoins, marking a significant move by a major traditional financial institution into tokenized assets.
The stablecoin is tied to the Reserve Bank of Australia's Project Acacia, a pilot program focused on real-time settlement. The initiative signals that Australian banks are moving beyond observation into active participation in digital asset infrastructure.
A Nasdaq-listed company has warned it may not survive the next 12 months after its crypto treasury strategy backfired, with holdings sitting $1.44 million below cost as of June 30.
The firm's outstanding shares surged 145% by August 18, a sign of aggressive equity dilution likely tied to funding efforts. The 46% crash in its crypto holdings triggered the going-concern disclosure, a formal warning to investors that the business faces serious viability risks.
The case adds to a growing list of small-cap public companies that adopted crypto treasury models — often inspired by MicroStrategy — and found themselves exposed to sharp drawdowns with limited financial cushion to absorb losses.
⚖️ CFTC resolves action against former Alameda Research CEO
The U.S. Commodity Futures Trading Commission has reached a resolution in its enforcement action against the former CEO of Alameda Research, the trading firm at the center of the FTX collapse.
The move marks another step in ongoing regulatory proceedings tied to the FTX fallout, as U.S. authorities continue pursuing accountability across the individuals connected to the exchange's implosion.
⚖️ Trump Says CFTC Chair Working on Hyperliquid Compliance
U.S. President Trump has announced that CFTC Chair Selig is actively working on bringing Hyperliquid into U.S. regulatory compliance, signaling direct federal attention on the decentralized derivatives exchange.
The move marks one of the first public acknowledgments by a sitting U.S. president of a specific DeFi protocol's regulatory status, positioning Hyperliquid as a key test case for how the CFTC approaches decentralized trading platforms under the current administration.