Author: John Smith

Tether will no longer freeze USDT on Omni, BCH SLP, Kusama, EOS, Algorand, and other legacy chains. The assets, however, become “unsupported,” entering a financial limbo without official issuance or redemptions. Summary Tether halts its planned USDT freeze on legacy blockchains, including Omni, BCH SLP, Kusama, EOS, and Algorand. Tokens on these networks become “unsupported,” with transfers allowed but no official issuance or redemption. The update follows community feedback and aligns with Tether’s broader strategic focus on active, high-demand chains. On August 29, USDT issuer Tether announced a significant revision to its transition plan for legacy blockchains. Originally, the company…

CoinShares closed the second quarter of 2025 with a notable 26% surge in assets under management, pushing its total to $3.46 billion. The asset manager said the growth was powered by climbing digital asset valuations and steady investor demand for its physical crypto ETPs. Summary CoinShares reported $32.4 million net profit for Q2 2025, up 1.9% YoY. Assets under management rose 26% quarter-over-quarter to $3.46 billion, driven by crypto price gains and ETP inflows. The firm plans a U.S. listing to access deeper capital market. On August 29, European digital asset manager CoinShares announced a net profit of $32.4 million…

Bluprynt, an embedded compliance and blockchain infrastructure  solutions platform, has completed a know your issuer verification of USDC, the first such milestone with a global stablecoin. Summary Bluprynt announced the successful completion of know your issuer for Circle’s stablecoin USDC. Stablecoin regulation is among top areas of focus for regulators amid global adoption. Bluprynt announced on Aug. 29 that it successfully conducted a Know Your Issuer verification for USDC (USDC), the stablecoin issued by Circle. It’s a major step in the move to establish a KYI benchmark, with authenticity and compliance transparency key to the global adoption of digital assets…

A proposed class action lawsuit against Strategy which accused the business intelligence company and its executive chairman, Michael Saylor, of misleading investors about the risks of its substantial Bitcoin purchases, has been voluntarily dismissed by the plaintiffs, according to Bloomberg. Summary Investors have voluntarily dismissed a proposed class action against Strategy, closing claims the company misled shareholders over Bitcoin risks and accounting. The lawsuit, filed in May, accused Michael Saylor and other executives of overstating Bitcoin gains and obscuring volatility and accounting impacts. According to a Bloomberg report on August 29, investors voluntarily dismissed their proposed class action lawsuit against…

Japanese gaming platform Gumi has expanded its foray into the crypto treasury strategy ecosystem with a $17 million initial splash on XRP. Summary Tokyo-listed Gumi has acquired $17 million of XRP for a treasury bet. The video game developer joins a growing list of public companies adding XRP to their balance sheets. Gumi, a Tokyo-listed video game developer backed by financial services and investment giant SBI, has picked Ripple’s XRP (XRP) for its crypto treasury asset. The company announced on Aug. 29 that it had purchased approximately $17m worth of XRP, beginning its accumulation of the cryptocurrency as a balance…

XRP price has been in a downward spiral since July, as it moved from the year-to-date high of $3.64 to $2.812. Still, Ripple has numerous catalysts that will push it past $5 in September.  Summary XRP price will benefit from the October ETF approval deadline by September. More companies are adding XRP tokens into their treasuries. Technical analysis points to more Ripple price gains in September. Top catalysts that will drive XRP price past $5 The Ripple (XRP) price could be on the cusp of a strong bull run as technicals and fundamentals align. The most important driver for the…

FinCEN identified $312B suspicious flows tied to Chinese networks in U.S. banks, overshadowing the far smaller illicit footprint of cryptocurrencies worldwide. Summary FinCEN review revealed $312B laundered through U.S. banks by Chinese networks between 2020 and 2024. Methods included shell firms, real estate, trade misinvoicing, money mules, and bank insiders. Illicit crypto flows totaled $189B over five years, under 1% of on-chain activity. Crypto firms face shutdowns for smaller sums, while banks implicated in hundreds of billions continue operating after fines. Evidence shows fiat systems remain the core laundering channels, while crypto is traceable and comparatively minor. $312B in suspicious…

PetroChina disclosed that it is monitoring the developments of Hong Kong’s stablecoin issuer license and plans to initiate feasibility studies on stablecoin payments. Summary PetroChina is officially looking into stablecoin issuer licenses and conducting feasibility studies on the use of stablecoins in cross-border trade. China appears to be on the fence about issuing their own yuan-backed stablecoins, but has exhibited a warmer stance as of late. According to local media reports, PetroChina is currently monitoring the recent developments regarding stablecoin issuer licenses from the Hong Kong Monetary Authority. PetroChina’s board of directors disclosed the information during its mid-year results conference. At…

After leading ETF inflows for seven straight days, Ethereum has finally been overtaken by Bitcoin. The shift comes as the broader crypto market shows signs of cooling and investors reassess their positions. Summary Bitcoin ETFs recorded $179 million in inflows on August 28, surpassing Ethereum’s $39.2 million. It is the first time in over a week that Bitcoin ETFs have outpaced Ethereum in daily net inflows. Bitcoin trades around $113,200, down 3% over 24 hours, while Ethereum hovers near $4,333, down roughly 13% from its all-time high. Bitcoin (BTC) ETFs recorded approximately $179 million in inflows on August 28, significantly…

TRON price is holding steady at $0.34 after its community approved a sweeping 60% fee reduction, the largest in the network’s history. Summary TRON Super Representatives approved a 60% network fee cut, effective Aug. 29. TRX trades at $0.3429, down 20% from Dec. 2025 highs. TA shows neutral bias; $0.34 support and $0.36 resistance are key levels. TRON (TRX) is trading at $0.3429, down 1.8% in the last 24 hours and extending its 30-day decline to nearly 4%. The token is also down about 20% from its Dec. 2024 all-time high. Still, TRON has found support at the $0.34 level as…