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The SEC and Ripple have jointly agreed to drop their appeals in the Second Circuit court case, bringing to an end one of crypto’s marquee court cases.
Each side will bear its own costs and fees as a result of the dismissal.
Judge Torres’s July 2023 district-court ruling, that XRP secondary-market trades aren’t securities but institutional sales are, now stands as the unappealed final judgment.
https://www.theblock.co/post/366096/sec-ripple-to-end-legal-battle-as-both-parties-abandon-appeals-leaving-xrp-ruling-intact
Nasdaq-listed Oblong said it has staked $8 million worth of Bittensor, or TAO, tokens
https://www.theblock.co/post/366010/nasdaq-listed-bittensor-treasury-company-oblong-stakes-8-million-of-token
Chainlink has announced the launch of the Chainlink Reserve—a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens
https://blog.chain.link/chainlink-reserve-strategic-link-reserve/
MOCA Tokenomics Update
Following the recent announcement of Moca Chain, Moca Network has reached a mutual agreement with 90% of its investors to extend their vesting cliff to Q4, 2025 — a move to support the coming Moca Chain product roll out.
Vesting ends on January, 2027.
https://x.com/MOCAFoundation/status/1953412136048427508
World Liberty Financial is launching USD1 Points Program, a new loyalty program built for USD1
https://x.com/worldlibertyfi/status/1953373114919715237
Etherex (REX) TGE is live
FDV: $196M
https://dexscreener.com/linea/0x5c1bf4b7563c460282617a0304e3cde133200f70
The crypto market is neutral
BTC Dominance - 60.34%
Market Cap - $3.78T
BTC - $114,560 (+0.93%)
ETH - $3,657 (+2.11%)
BNB - $766 (+2.56%)
SOL - $166 (+3.19%)
MYX - $1.5 (-12.7%)
MORPHO - $1.83 (+2.44%)
PROVE - $1.01 (-22.49%)
https://dropstab.com
Stock Perps (AAPL, AMZN, TSLA) Are Now Live on PancakeSwap Perpetuals
https://blog.pancakeswap.finance/articles/stock-perps
CoinList has announced the PublicAI Token Sale
The sale starts August 7, 2025 at 17:00 UTC
FDV: $70M (30% discount to last private round)
Token Price: $0.07
Allocated Supply: 28,571,429 PUBLIC tokens
Vesting: 100% unlock at TGE
Purchase Limits: $100 min, $250,000 max
https://x.com/CoinList/status/1952776816755716604
Michigan pension fund deepens Bitcoin exposure with $11M stake in ARK ETF
https://cointelegraph.com/news/michigan-pension-fund-bitcoin-arkb-etf-investment
Jupiter Lend is rolling out in phases — starting with today’s Private Beta for people on the waitlist
The Public Launch is in August.
https://x.com/JupiterExchange/status/1952887283624935462
SEC declares crypto liquid staking activities are not considered securities
https://www.sec.gov/newsroom/speeches-statements/corpfin-certain-liquid-staking-activities-080525
Kaito has announced the Billions public sale on Capital Launchpad
When: 12:00 UTC, 6th August 2025
Valuation: $200M
Target raise: $5M+
Min/Max Allocation: $1,000 - $100,000
Vesting: 75% unlock at TGE, 25% unlock at TGE+12M
Billions is the first universal human and AI network.
They raised total capital funding of $30M, led by Polygon, with participation by Coinbase Ventures, Polychain, Liberty City Ventures and BITKRAFT.
https://x.com/KaitoAI/status/1952553464816345463
BounceBit Adds Franklin Templeton Tokenized Fund for Treasury-Backed Yield Strategies
https://www.coindesk.com/business/2025/08/05/bouncebit-adds-franklin-templeton-tokenized-fund-for-treasury-backed-yield-strategies
James Howells, the British man who lost his hard drive containing 8,000 BTC, said he no longer pursues excavating the Newport landfill but clarified that he hasn’t given up on his lost bitcoin.
Howells said he pivoted to a new strategy to tokenize his legal ownership of the 8,000 BTC as granted by the court.
https://www.theblock.co/post/365551/uk-man-denies-giving-up-lost-bitcoin
President Donald J. Trump signed an Executive Order to allow 401(k) investors to access alternative assets for better returns and diversification.
https://www.whitehouse.gov/fact-sheets/2025/08/fact-sheet-president-donald-j-trump-democratizes-access-to-alternative-assets-for-401k-investors/
The crypto market is growing
BTC Dominance - 59.50%
Market Cap - $3.91T
BTC - $116,801 (+2.16%)
ETH - $3,930 (+7.3%)
BNB - $786 (+2.69%)
SOL - $174 (+4.62%)
FLUID - $6.56 (+10.71%)
PENDLE - $5.21 (+29.99%)
HNT - $2.86 (+4.06%)
https://dropstab.com
Ripple to Acquire Rail for $200M
Rail is a payment infrastructure platform that compliantly connects the best of fiat and stablecoin technologies so that clients can move money fast, save costs, and build to grow — all via a single API.
The acquisition is expected to close in the fourth quarter of 2025.
https://ripple.com/ripple-press/ripple-to-acquire-rail-for-200m-expanding-leadership-in-stablecoin-payments/
President Donald Trump will sign an executive order to allow private equity, real estate, cryptocurrency and other alternative assets in 401(k)s.
https://www.bloomberg.com/news/articles/2025-08-07/trump-to-sign-order-easing-path-for-private-assets-in-401-k-s
Parataxis Holdings said it is merging with SilverBox Corp IV SPAC to gather $640 million for a NYSE-traded Bitcoin treasury company
https://www.theblock.co/post/365889/parataxis-merges-with-spac-with-aim-to-form-640-million-bitcoin-treasury-company
Tornado Cash developer Roman Storm has been found guilty of money transmitting
https://www.theblock.co/post/365856/tornado-cash-verdict-sets-off-a-storm-of-protest-as-crypto-advocates-push-for-a-potential-appeal
China tests out stablecoins amid fears of capital outflows
https://www.ft.com/content/fa719421-c349-4397-af2d-6089bb00c598
Pendle launched Boros
Boros is a new platform on Arbitrum by the Pendle team, enabling users to speculate on and hedge the yield on funding rates, starting with the BTC and ETH markets across major exchanges.
https://medium.com/boros-fi/boros-introducing-funding-futures-d1f69111a8a7
Upbit and Bithumb will list Succinct (PROVE) today at 6:00 UTC
FDV: $1.3B
https://upbit.com/service_center/notice?id=5394
Ex-Binance CEO Seeks Dismissal From $1.8 Billion FTX Trust Suit
https://news.bloomberglaw.com/bankruptcy-law/ex-binance-ceo-seeks-dismissal-from-1-8-billion-ftx-trust-suit
Rumours: MetaMask is launching its own stablecoin - MetaMask USD (mmUSD) - issued via Stripe’s Bridge infrastructure
https://governance.aave.com/t/temp-check-add-metamask-usd-mmusd-to-aave-v3-core-on-ethereum-and-linea/22821
The crypto market is down
BTC Dominance - 60.57%
Market Cap - $3.73T
BTC - $113,568 (-0.58%)
ETH - $3,585 (-1.77%)
BNB - $749 (-1.5%)
SOL - $162 (-3.39%)
MYX - $1.44 (+132.76%)
PROVE - $1.34 (+99.11%)
TOWNS - $0.041 (-42%)
https://dropstab.com
TOWNS trading has started on Binance, Bybit, and others
TOWNS is now trading at ~$0.045
FDV: ~$482M
https://www.binance.com/en/trade/TOWNS_USDT
SharpLink Gaming Buys 83,561 ETH, Bringing Its Holdings to 521,939 ETH
https://x.com/SharpLinkGaming/status/1952702049616802302
USDT will not longer be supported on Kusama starting September 1, 2025
USDT on Kusama will be frozen and inaccessible if you do not redeem or migrate before the deadline.
https://x.com/kusamanetwork/status/1952677300761252312