President Trump's executive order ends Operation Chokepoint 2.0, restoring banking services for crypto businesses by removing "reputational risk" from regulations. The order also calls for a review of debanking cases linked to protected beliefs.

Solana has begun shipping over 150,000 Seeker smartphones, designed for crypto users. The device improves usability with one-click transaction approvals and includes a Seed Vault for secure storage and staking SOL directly. Priced at $450, it also offers a Genesis Token for app access and rewards.

MetaMask may launch its own stablecoin, mmUSD, backed by Stripe, according to a deleted proposal on Aave’s governance forum. The initiative aims to enhance liquidity in decentralized protocols while using the M^0 network for efficient onchain transactions.

Michael Saylor’s company Strategy made its third-largest bitcoin purchase ever, acquiring $2.46 billion in BTC between July 28 and August 3.
The latest purchase was for 21,021 BTC at an average price of about $117,526 per coin, the second-highest average price the company has ever paid.
Strategy f

A significant bitcoin theft, possibly the largest ever, involved 127,426 BTC valued at $14.5 billion from the Chinese mining pool LuBian in December 2020. Hackers exploited vulnerabilities in LuBian's private key generation process.

The SEC has launched "Project Crypto" to modernize digital asset regulations, introducing clear rules for crypto asset distribution, custody, and trading, promoting the development of super-apps, and allowing tokenized securities and non-security crypto assets to trade together on regulated platforms.

Polygon experienced a one-hour outage of its Heimdall V2 consensus layer due to an unexpected validator exit, affecting some users' access but not halting overall transaction processing. The transaction layer remained operational, and RPC providers gradually restored service.

Bitcoin holders have accumulated a record $1.4 trillion in unrealized profits, prompting potential future market pressure. Despite significant sell-offs, the market remains stable, with investors largely holding their assets.

Senator Cynthia Lummis introduced the 21st Century Mortgage Act to modernize home loan eligibility by including stable crypto assets in assessments, aiming to help young borrowers amid a homeownership crisis.

Coinbase's layer 2 network Base has surpassed Solana in daily token launches, driven by Zora's integration. Zora saw a significant spike in token creation, although Base's total market cap remains much lower than Solana's.

PayPal is launching "Pay with Crypto," enabling U.S. merchants to accept over 100 cryptocurrencies at checkout, converting them to U.S. dollars. This service aims to lower transaction costs for cross-border payments by up to 90%.

Federal prosecutors are contemplating charges against Dragonfly executives for their investment in Tornado Cash. This came to light during the trial of Tornado Cash cofounder Roman Storm, highlighting internal communications and the firm's cooperation with the investigation.

Former BlackRock crypto chief Joseph Chalom has joined SharpLink Gaming as co-CEO, believing in Ethereum's potential as a global finance foundation, and the firm has acquired 438,017 ETH valued at approximately $1.6 billion.

Spot ether ETFs have seen a remarkable inflow streak, reaching $453 million in a single day and totaling $1.85 billion last week. BlackRock's iShares Ethereum Trust led the surge, highlighting a growing demand for ether despite its current price being below its all-time high.

GameSquare has acquired the rare CryptoPunk NFT Cowboy Ape #5577 from Robert Leshner for $5.15 million in preferred stock, marking its first investment in NFTs. The company also increased its Ethereum treasury to over $52 million amid a declining NFT market.

LetsBONK, a Solana-based memecoin launchpad, plans to allocate 1% of its revenue for weekly buybacks of top ecosystem tokens, aiming to strengthen their market presence. Popular tokens include Useless Coin and ANI.

Goldman Sachs and BNY Mellon have launched tokenized money market funds for institutional investors, enabling 24/7 trading through BNY Mellon's LiquidityDirect and Goldman Sachs’ blockchain. Major asset managers are already participating in this rapidly growing market.

Tether is set to launch a new U.S.-based stablecoin by late 2025 or early 2026, targeting domestic institutional payments, in compliance with the GENIUS Act. This will be distinct from its existing USDT, which continues to serve international markets.