FTX clients say their class criticism towards Fenwick & West wants updating with new particulars from Sam Bankman-Fried’s trial and FTX’s chapter case. Powered by WPeMatico

Binance’s alternate token continues to thrive and publish notable outcomes. With robust backing from traders and establishments, coupled with social media engagement, it appears poised for brand new, uncharted territories. Surpassing Retail Giants BNB, the native token of the Binance ecosystem, has achieved a powerful feat by surpassing the market capitalizations of sports activities retailer Nike and meals supply firm DoorDash. It’s also at the moment flirting with the caps of Interactive Brokers, and the Michael Saylor-led MicroStrategy. Supply: 8marketcap This accomplishment is probably going additional bolstered by the rise in BNB treasury corporations, which proceed to inject capital into the coin, driving additional progress. CryptoPotato just lately covered how Nano Labs, a crypto infrastructure firm, introduced $500 million deal through convertible notes to amass BNB, and the way as we speak, BNC unveiled their $160M bid for buying the asset. On the time of writing, the coin is buying and selling at $795, representing a rise of over 15% for the month. It had just lately hit an all-time excessive (ATH) of $800 on July twenty third, adopted by a brand new file simply 5 days later, when the asset closed the day at $844. Supply: CoinMarketCap The BNB Chain can also be a bunch of assorted protocols and NFTs, to call only a few of the use instances. The highest 20 NFT collections on the Binance market are primarily within the inexperienced during the last 24 hours. Supply: Binance Moreover, PancakeSwap, a decentralized alternate (DEX) constructed on prime of it, has benefited from the current worth motion, with its native token, CAKE, up over 10% for the month. The place To Now? A big portion of the dialogue on X associated to Binance Coin is constructive, indicating robust investor curiosity, which is supported by current positive factors in adoption and worth. Distinguished analyst Ali Martinez has taken the current worth construction and in contrast it to that of Bitcoin, hinting at an early-stage rally and a really optimistic new ATH. $BNB is mirroring Bitcoin $BTC worth construction and could possibly be within the early phases of a bull rally to $1,200! pic.twitter.com/mohHzP5B0Z — Ali (@ali_charts) August 9, 2025 The publish Binance Coin (BNB) Pushes Higher, Surpasses Nike, DoorDash in Market Cap appeared first on CryptoPotato. Powered by WPeMatico

About $653 million value of crypto tokens are set to be launched into circulation this week. Buyers might be preserving an eye fixed out for potential worth swings for a number of main property, with knowledge from the Tokenomist web site exhibiting giant one-time and every day unlocks between August 11 and August 18. Heavy Provide Wave Fasttoken (FTN) boasts the largest cliff unlock, with 20 million tokens, comprising simply over 2% of provide, and valued at $91.6 million set to be launched. Subsequent is the GameFi platform Cheelee, which is ready to launch $88.87 million value of its CHEEL token. Different main occasions embrace 11.3 million cash from Aptos (APT), priced at $53.72 million, in addition to Arbitrum (ARB) flooding the market with 92.65 million tokens at a price of $43.91 million. Elsewhere, Avalanche is unlocking 1.67 million AVAX tokens value $40.15 million, with Sei including 55.56 million of its native crypto pegged at $18.13 million into circulation. In the meantime, Solana (SOL) leads the every day linear unlocks with 465,770 tokens value $93.18 million to be distributed throughout the week, at about $13.4 million every day. The discharge comes at a major time for SOL, which has rallied 14.2% over the previous week, going from simply over $167 to close $186, aided by rising institutional curiosity, although it stays 36.9% beneath its January all-time excessive. Based on CoinGecko, as of August 10, 4 public firms, Upexi, DeFi Developments Corp, SOL Methods, and Torrent Capital, collectively hold over $591 million in SOL. Their stakes, amounting to three.5 million tokens, signify 0.65% of the asset’s circulating provide. TRUMP, DOGE, and LAYER In the meantime, U.S. President Donald Trump’s Official Trump (TRUMP) token will see 4.89 million models valued at $45.92 million launched. The workforce will distribute about $6.52 million value of the meme coin daily for the subsequent seven days, representing 2.45% of the provision. The Sam Altman-linked Worldcoin mission will even add 37.23 million of its native WLD cryptocurrency, valued at $40.5 million. Different important every day unlocks will come from Bittensor (TAO), which is ready to launch 50,400 tokens value $19.87 million, and Dogecoin (DOGE), pouring 95.49 million tokens value $22.09 million into the market. DOGE has struggled to raise itself within the final 24 hours, solely gaining a miserly 0.4% in that point to hover round $0.23. Nonetheless, efficiency has been a lot better over the past seven days, with the OG meme token up greater than 18% in that interval, buoyed by intensified whale exercise, which noticed the heavyweight traders not too long ago acquire 1 billion DOGE for about $200 million in a single day, bringing their share of circulating provide to just about 50%. Elsewhere, interoperability protocol LayerZero (LAYER), which simply announced a $110 million all-token proposal to amass Stargate, can also be due for a $17.44 million cliff unlock. On the time of writing, LAYER was up 26.5% within the final 24 hours, because the market reacted to information of the Stargate deal. It has additionally jumped greater than 42% over the previous week, considerably outperforming the worldwide crypto market, which solely managed a 7% rise in that interval. The submit Be Careful: $653M in New Crypto Tokens Set to Hit the Market This Week appeared first on CryptoPotato. Powered by WPeMatico

The tempo of profit-taking by veteran Bitcoin (BTC) holders has cooled off in August as they resist promoting, signaling a shift in market dynamics after a record-breaking July. Information shared by on-chain analytics platform Glassnode shows realized earnings by long-term holders, measured over a seven-day shifting common, have dipped sharply from July’s $1 billion per day streak, which had marked one of many heaviest promoting intervals within the asset’s historical past. Lengthy-Time period Holders Dig In After Historic Revenue Run Based on Glassnode, in contrast to the profit-taking waves between November and December 2024, which have been dominated by short-term holders who had purchased BTC six to 12 months earlier than, the most recent exercise is being led by long-term holders, particularly those that’ve been hoarding the OG cryptocurrency because the 2020-2022 cycle. These three-to-five-year buyers are actually realizing features, whereas the remaining seem content material to experience out present worth ranges, regardless of it hovering close to the all-time excessive of $123,091 set simply weeks in the past. On-chain indicators are additionally pointing to altering market composition. Latest CryptoQuant knowledge revealed a rise in smaller, retail-sized orders dominating BTC futures exercise, with the variety of institutional-sized whale trades dropping since late Q2 2025. Whereas in earlier cycles, markets dominated close to their peaks by heavyweight consumers have been typically seen as indicators of distribution phases, the present retail-heavy construction may permit costs to check new highs except a renewed wave of huge holders offloads their positions. In the meantime, community progress stays robust. Earlier at the moment, analyst Ali Martinez tweeted that greater than 364,000 new BTC addresses have been created each day final week. He mentioned that it was the best determine in a yr, suggesting recent retail participation at the same time as institutional flows momentarily taper off. Cooling Momentum? Wanting on the market, on the time of this writing, BTC was altering arms for about $121,224, up a modest 2.6% within the final 24 hours and a extra stable 5.9% over seven days, after briefly surpassing $122,000 in intraday strikes. Whereas the uptick is a extra spectacular 97.9% year-on-year, zooming in reveals BTC’s momentum softening in comparison with its July surge. Within the final two weeks, the primary crypto rose by a modest 1.9%, with the development over 30 days being simply 2.6%. The cooling narrative is strengthened by latest market metrics, with CryptoQuant’s Bull Rating Index falling from 80 to 60 on August 10, suggesting a slowdown within the bullish part. Moreover, stablecoin inflows have gone down, a probable indicator that there’s little capital coming into crypto in the meanwhile. The submit Bitcoin Profit-Taking Slows as Long-Term Holders Hold Steady in August appeared first on CryptoPotato. Powered by WPeMatico

CEA Industries Inc., the Colorado-based nicotine firm, introduced that its treasury administration arm, BNB Community Firm (BNC), has acquired 200,000 BNB tokens. The stash is price round $160 million, which makes it the biggest company holder of BNB globally. $160 Million Guess The acquisition follows a $500 million personal placement led by 10X Capital in partnership with YZi Labs, earmarked completely for constructing BNB holdings as the corporate’s major reserve asset. Management modifications have accompanied the crypto pivot as David Namdar, co-founder of Galaxy Digital, was appointed as CEO, alongside Russell Learn, former CIO at CalPERS, and Saad Naja, a former Kraken director. 10X Capital’s Hans Thomas and Alexander Monje have additionally joined the board. BNB Community Firm (BNC) defined that BNB, with 250 million customers and a median day by day buying and selling quantity of $9.3 billion as of July 2025, stays underrepresented within the US market. As such, BNC intends to bridge this hole by growing institutional presence throughout the BNB ecosystem. In its official press launch, the NASDAQ-listed firm said that it’s going to preserve its shopping for spree till the complete preliminary capital is invested in BNB. It might additionally use its warrant construction to boost an extra $750 million, which might deliver complete proceeds to $1.25 billion for additional acquisitions. This strategy gives US and international traders with publicity to BNB with out direct token custody. BNB’s Market Momentum Extra publicly traded companies are changing parts of their money reserves with digital property. These entities are structuring methods to attraction to each retail and institutional traders. Whereas Bitcoin and Ethereum have lengthy dominated, focus is now turning to options like BNB. This company pivot towards BNB coincides with its uptrend seen in current weeks. BNB is presently buying and selling over $818 after sustaining a gentle uptrend this month. Crypto analyst Ali Martinez believes that the crypto asset’s worth motion is carefully monitoring Bitcoin’s construction. He added that this correlation might level to the early levels of a bull rally, which might doubtlessly drive BNB towards the $1,200 mark. The submit CEA Industries Secures $160M BNB Position Through Treasury Arm appeared first on CryptoPotato. Powered by WPeMatico

The information & AI expertise consulting firm, now turned to treasury, has launched a monetary assertion showcasing its most up-to-date Bitcoin procurement. In the meantime, the crypto asset posted some features over the weekend and, on the time of writing, remains to be using the bullish wave. The Acquisition Listed on the Euronext Development Paris ($ALCPB), Capital B (previously the Blockchain Group), announced its most up-to-date buy by way of a press launch earlier at this time. The 126 bitcoins had been bought for about €12.4 million (~$ 14.4 M), bringing their complete stash to 2,201, with a median buy value of $106,770 per coin. This aligns with their plan to have 3,000 BTC by the top of fiscal 2025, which falls on September twenty seventh this yr, and their general purpose of proudly owning 1% of all Bitcoin by 2033. They began the acquisitions in early November final yr and have achieved a Bitcoin yield of 1,519.5% year-to-date (YTD). This can be a metric that tracks the share change within the ratio of complete BTC holdings to totally diluted shares excellent over a given interval, or just put, how rather more of the asset is owned per potential share of inventory. They’re at the moment ranked twenty fourth on Bitcoin Treasuries, neck-and-neck with HIVE Digital Applied sciences, which additionally holds 2,201 BTC, and behind the two,353 BTC that Microcloud Hologram at the moment holds. Bitcoin Outlook The most important cryptocurrency by market capitalization had a inexperienced Sunday, opening at $116,490 and closing the day at $119,310, representing a 2.42% enhance. The wave continues into Monday, and at press time, the asset stays on the rise. An fascinating week is forward of us, as per the US financial calendar, with CPI and PPI knowledge being released, together with a number of different key indicators. Bitcoin, like different risky property, tends to react to macroeconomic knowledge, so its value might fluctuate relying on the numbers. The extremely anticipated Fed assembly can also be approaching, with simply over a month to go till we hear whether or not a charge lower will likely be introduced, which is one other potential catalyst for value strikes. The submit Capital B Acquires 126 BTC, Total Holdings Top 2,200 appeared first on CryptoPotato. Powered by WPeMatico

Technique – the corporate based by Michael Saylor – not often skips a Monday with out saying a crypto buy. As we speak was no exception as the corporate revealed it had acquired the modest (for its requirements) 155 BTC for roughly $18 million. The typical value of the deal was round $116,401 per coin. Technique has acquired 155 BTC for ~$18.0 million at ~$116,401 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 8/10/2025, we hodl 628,946 $BTC acquired for ~$46.09 billion at ~$73,288 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/bx0814RI1w — Michael Saylor (@saylor) August 11, 2025 Over the previous few months, the corporate has introduced a number of extra spectacular offers. In direction of the tip of June, it purchased 4,980 BTC for over $530 million, whereas just a few weeks prior, it stunned the group with a multi-billion-dollar buy.  Technique has achieved a BTC yield of 25% YTD 2025. It’s the world’s greatest company holder of the first cryptocurrency, and at the moment it has 628,946 BTC purchased for about $46.09 billion. Because of the value improve of the asset, the present worth of the holdings now exceeds $75 billion, which means the corporate is sitting on a paper revenue of virtually $30 billion.  It’s value mentioning that Technique started accumulating BTC precisely 5 years in the past. Its preliminary buy included 21,000 cash, valued at round $250 million.  The put up A Modest One: Saylor’s Strategy Buys 155 BTC for $18 Million appeared first on CryptoPotato. Powered by WPeMatico

An Ethereum developer pseudonymously often called “Fede’s Intern” claims to have been detained in Izmir, Turkey. Authorities accuse him of serving to others “misuse” the ETH blockchain community, a cost he strongly denies. “Very Troubling” The Argentinian developer, who focuses on ZK and Ethereum tasks, stated Turkey’s Minister of Inside accused him of facilitating Ethereum misuse and that he was confined to a room. In posts on social media platform X, he maintained that he and his associates are “simply infra builders” working transparently and within the open. Their enterprise operations span greater than a dozen industries throughout Europe and collaborations with governments. He’s linked to tasks together with Lambda Class and Aligned. In accordance with his account, native authorities instructed his lawyer he may face fees, which prompted him to restrict public feedback and urge followers to contact associates who may communicate on his behalf. He claimed to have engaged senior contacts in over 10 international locations, together with the US, UAE, and varied Asian nations, whereas associates from a number of jurisdictions have contacted Turkish officers. Fede’s Intern expressed readiness to cooperate with Turkish authorities or any authorities, whereas asserting that neither he nor his firms have been concerned in illicit exercise. He additionally added that he may quickly contest the allegations from overseas. His newest replace reads: “I couldn’t depart but. In concept in 3 hours I’m out. As soon as I land in Europe I’ll clarify every part we all know. Thanks for everybody serving to me get out of right here. They wished to take my cellphone since they thought-about it a safety danger however because of some associates calls they didn’t.” Bankless co-founder Ryan Sean Adams called the scenario “very troubling.” He famous that the story was nonetheless growing and questioned the optics for the Ethereum neighborhood, particularly with Istanbul having been floated as a possible location for DevCon 2026. Compliance and AML Vigilance Turkey has considerably tightened oversight of its crypto sector. As an illustration, harder Anti-Cash Laundering (AML) guidelines got here into impact on February 25, 2025. As such, all crypto transactions of greater than 15,000 TRY would want person identification, and suppliers can curb or halt transactions deemed “dangerous.” The Capital Markets Board (CMB) was given authority over crypto asset service suppliers (CASPs), together with exchanges, custodians, and pockets companies. Since March 13, 2025, operators should obtain a license, meet capital necessities, that are round $4.1 million for exchanges, $13.7 million for custodians. Along with that, operators should additionally combine risk-management and compliance infrastructure, and submit frequent audits and transaction stories. The put up Ethereum Dev Says Turkish Authorities Accused Him of Helping Others Misuse Ethereum appeared first on CryptoPotato. Powered by WPeMatico