Category: crypto

Senate Banking Committee Chairman Tim Scott is working to build bipartisan support for comprehensive crypto market structure legislation, with 12 to 18 Democrats expected to back the bill. The legislation aims to establish regulatory frameworks for digital assets, including defining ancillary asset classifications and modernizing disclosure requirements. The proposed legislation would also direct coordination between…

The AI-focused crypto project Qubic is considering mining Dogecoin after completing operations on Monero. Dogecoin, initially a joke, has become a significant player in the crypto market with Elon Musk’s support. Qubic aims to redirect energy-intensive proof-of-work computations towards artificial intelligence applications, using a “useful proof-of-work” system to advance AI research.

Tokenized assets on public blockchains have reached approximately $293 billion, with stablecoins valued at $266.7 billion. The growth of tokenized U.S. Treasuries has been significant, with BlackRock’s BUIDL fund holding the largest share. The use of tokenization in traditional finance operations is increasing, with stablecoins dominating the landscape.

Digital asset investment products had a significant increase in net inflows of $3.75 billion last week, with Ethereum leading the market with $2.87 billion in inflows. BlackRock’s iShares Ethereum fund accounted for a large portion of these inflows. Bitcoin-focused funds saw smaller flows, while XRP and Solana were top altcoin picks.

Japan and South Korea are working to establish regulations for stablecoins as interest in digital currencies increases. Japan is considering a yen-backed stablecoin for cross-border payments and DeFi, led by fintech firm JPYC. South Korea is also preparing legislation for stablecoins to regulate issuance and collateral management, aligning with global trends in crypto regulation.

A Bank of America survey found that most global fund managers are still hesitant to invest in crypto, with about three-quarters having no holdings. Those who do invest allocate an average of 3.2% to digital assets, with some holding just 2% or 4%. Despite low participation, industry experts believe there is untapped potential in the…

Polygon’s DeFi ecosystem has seen a 43% increase in total value locked since the beginning of the year, reaching $1.23 billion as of Aug. 18. This growth is driven by traditional protocols like QuickSwap and Polymarket. POL’s price has also outperformed its peers in the past 30 days, increasing by 6.6%.

Rural residents in Hood County are seeking more authority over a disruptive Bitcoin mining site operated by Marathon Digital Holdings. They are pushing for incorporation as a town to regulate the mine through local ordinances after a petition drive was dismissed. Legal action and lawsuits targeting Marathon have also been pursued.

Bitcoin is currently in a consolidation phase between its all-time high and range lows, reflecting a period of digestion rather than weakness. Altcoins are more vulnerable than major cryptocurrencies, with liquidity concentrating in Bitcoin and Ethereum. A Federal Reserve rate-cutting cycle later this year could support both Bitcoin and Ethereum.

On August 18, Strategy and Metaplanet increased their Bitcoin holdings to nearly 3.1% of the total circulating supply. Strategy purchased 430 BTC, while Metaplanet bought 775 BTC, totaling over $144 million. Both companies have significantly increased their Bitcoin holdings in 2025, highlighting the growing role of corporate treasuries in the cryptocurrency market.