Category: crypto
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Bullish provides USD.AI $100M facility for GPU loans
Bullish provides USD.AI with a $100 million stablecoin debt facility for GPU-backed loans in artificial intelligence infrastructure. The facility will fund loans secured by computing hardware, with plans to list sUSDai for trading. Bullish shares have risen 45% in the past month. The partnership aims to expand AI infrastructure financing.
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Stable Sea adds 2 WisdomTree funds for corporate cash
Stable Sea has added two WisdomTree digital funds to its treasury platform, allowing eligible businesses to access three SEC-registered products with minimum investments starting at $1. The funds offer different investment objectives and minimums, providing finance teams with options to match their cash holdings with their liquidity needs.
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Truflation calls for Fed rate cut after PCE forecast
Truflation has called for the Federal Reserve to cut interest rates after its July forecast closely matched the official PCE readings. Headline PCE rose 0.2% monthly and remained at 3.7% annually. Truflation’s data suggests a need for a rate cut due to weaker spending, lower gasoline prices, and mixed labor data. Fed officials are concerned…
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Mantle stablecoins and tokenized assets reach $880M
Mantle has amassed $880 million in stablecoins and tokenized assets, with $550 million in stablecoins and $330 million in tokenized assets. The network supports 985 tokenized assets across six categories, with an increase in tokenized equities to 155 products. Mantle’s assets include commodities, stocks, Treasuries, stablecoins, and funds.
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Ethena proposes 95% revenue allocation to ENA buybacks
Ethena proposes directing 95% of net revenue from branded businesses towards ENA buybacks once USDe supply hits $7.5 billion. This move aims to address issues around ENA supply and protocol economics. ENA price has surged in response, while Ethena also plans to accelerate original investor unlocks and clarify ownership of protocol economics.
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Bitcoin’s 22% rally now needs real demand to outlast Treasury liquidity boost
Bitcoin’s recent 22% rally was initially boosted by the U.S. Treasury’s expanded buybacks of long-term bonds, leading to a short squeeze and increased demand for U.S. spot Bitcoin ETFs. Analysts suggest that the rally’s sustainability will depend on continued ETF inflows and spot demand to replace the initial macroeconomic boost.
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Stellar’s $3B RWA market faces a $2M DeFi gap
Stellar’s tokenized real-world asset market has grown from $785 million in January to over $3 billion in July, with only $2 million in Blend pools accepting RWAs. RedStone’s report highlights the growth of various tokenized products on the network, indicating potential for further expansion in the DeFi sector.
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Polish Olympic chief arrested in Zondacrypto probe
Radosław Piesiewicz, president of the Polish Olympic Committee, has been arrested and charged in connection to the collapsed crypto exchange Zondacrypto. He is facing charges of paid influence and favoring certain creditors. The investigation is also looking into a €40,000 watch and withdrawals of exchange funds. Customer losses are estimated at $94 million.
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Trump crypto ventures left investors $4.7B underwater: report
Public Citizen estimated that Trump’s family-linked crypto ventures resulted in at least $4.7 billion in losses for investors, while generating $1.4 billion in income for the president in 2025. The watchdog called for Congress to implement divestment rules for presidents through the CLARITY Act.
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Mirae Asset targets $109B digital asset business
Mirae Asset aims to reach a $109 billion target for its digital asset business, focusing on cryptocurrency, stablecoins, real-world assets, and tokenized securities. The acquisition of Korbit and the creation of Digital X will play a central role in this strategy, with plans to make the digital asset operations profitable by 2027. South Korea is…