Author: John Smith

Spritehood has sold 42,956 paid NFTs on Robinhood Chain in about 53 minutes, generating nearly $1.28 million for Pudgy Penguins co-founder Cole Villemain. Summary Paid buyers minted 42,956 Spritehood NFTs priced at either $17 or $117. The sale generated about $1.283 million, equal to roughly 684.28 ETH at the mint price. Another 1,488 NFTs were distributed free, bringing the reported collection total to 44,444. Spritehood’s Blockscout contract page displays unverified source code, limiting public review of its mechanics. Spritehood NFT sale reached $1.28 million The Defiant reported that Villemain launched Spritehood on Aug. 11 after previously being removed from the…

Chicago Fed President Austan Goolsbee has identified inflation above the Federal Reserve’s 2% target as the main U.S. economic problem while officials debate whether to raise rates from 3.50%–3.75%. Summary Goolsbee called inflation the economy’s biggest problem, while describing the labor market as stable but weak. The Fed held rates at 3.50%–3.75% in July, with three officials backing a 25-basis-point increase. Economists expect July headline and core CPI to slow to 3.4% and 2.5%, respectively. Bitcoin fell into the low-$63,000 range as oil prices and inflation concerns reduced demand for risk assets. Why Goolsbee sees inflation as the main challenge…

Coinbase has secured Abu Dhabi regulatory approval to arrange investment deals and provide custody as it prepares an international hub for tokenized securities and onchain capital markets. Summary Coinbase has received Financial Services Permission from Abu Dhabi Global Market’s financial regulator. The authorization covers arranging investment deals and providing custody for tokenized securities. Eligible token holders will receive shareholder rights, including dividends and voting rights. Coinbase plans to operate major tokenization and derivatives businesses from Abu Dhabi and Dubai. Coinbase secures approval for tokenized securities Coinbase said in an announcement published by Abu Dhabi Global Market that the Financial Services…

Brazil’s largest bank by market value has joined a pilot involving more than 50 financial organizations to test the issuance, trading, and settlement of tokenized fixed-income securities and investment funds. Summary More than 50 financial organizations are participating in ANBIMA’s tokenization pilot. Itaú and OpenAssets will test the full lifecycle of tokenized bonds and funds. The project will assess technical, operational, and compliance standards for blockchain-based markets. Itaú previously participated in the Brazilian central bank’s Drex digital currency pilot. OpenAssets said in an Aug. 11 announcement that it has started working with Itaú Unibanco on a structured use case within…

The U.S. Securities and Exchange Commission has outlined a plan to take control of the Consolidated Audit Trail, replace its funding model, and prepare a transition that could run through late 2027. Summary The SEC has ordered staff to assess direct agency control of CAT and the resources required. A proposed rule could rescind Rule 613 while retaining CAT’s infrastructure and reporting standards. Funding options include congressional appropriations and Section 31 transaction fees. The SEC expects the proposed transition to remain underway until late 2027. The SEC said in an Aug. 10 letter from Chair Paul Atkins to CAT Operating…

Aster has activated AOS-2, requiring projects to stake 1 million ASTER for four years before validators can approve a new perpetual market. Summary Applicants must stake 1 million ASTER for four years, with no early withdrawal option. Successful proposals will move to Aster’s risk team before the contract launches on T+1. Projects that fail the validator vote will receive their full ASTER stake back. AOS-3 will follow, although Aster has not disclosed its rules or launch date. AOS-2 opens Aster perpetual listings to applicants Aster said in an Aug. 11 X post that the standard replaces private listing talks with…

CeDeFi trading platform Grvt has partnered with Ondo Finance to build a position of up to $100 million in the tokenization firm’s yield-bearing USDY product over the next 12 months. Summary Grvt plans to build a $100 million position in Ondo Finance’s USDY token over the next 12 months. USDY returns will feed into Grvt Earn’s base rate, allowing users to access the yield without buying or managing the token directly. At USDY’s current APY of about 3.5%, a fully deployed $100 million position would generate roughly $3.5 million in annualized gross yield. The planned allocation would equal about 4.6%…

Ethereum price fell 2.6% toward $1,870 on Aug. 11 after another rejection below $1,950 triggered long liquidations, while traders reduced risk ahead of the latest U.S. inflation report. Summary Ethereum price fell 2.6% toward $1,870 after buyers failed to sustain a move above $1,900. The daily RSI remains neutral at 51.63, but ETH is below three major moving averages. Liquidation clusters at $1,895 and $1,940 could amplify a recovery, while $1,857 anchors downside liquidity. Analysts identify $1,850 as the bullish invalidation level and $1,950 as the breakout threshold. Ethereum price falls below $1,900 According to data from crypto.news, Ethereum (ETH)…

The U.S. Securities and Exchange Commission (SEC) will hold an open meeting on Aug. 14 at 10:00 a.m. ET to consider whether to propose a tailored offering regime for certain investment contracts involving crypto assets.  Summary SEC commissioners will meet Friday to consider proposing tailored offering rules for crypto investment contracts. Atkins previously outlined startup, fundraising and investment contract safe harbors under his Regulation Crypto framework. The SEC’s 2026 agenda separately includes crypto broker dealer and market structure rulemaking proposals too. Senate action on CLARITY now waits until September 15, when its cloture motion ripens formally. Friday’s meeting could authorize…

Ravencoin disclosed on Aug. 11 that a critical consensus vulnerability had been exploited since Aug. 7, allowing vulnerable nodes to accept invalid blocks beginning at height 4,487,776.  Summary Ravencoin said invalid blocks began at height 4,487,776 after a critical consensus vulnerability was exploited. 2Miners released an emergency patch rejecting forged blocks and advised every network operator to upgrade. Transactions confirmed after block 4,487,775 remain at risk if the recovery chain becomes dominant eventually. Upbit suspended RVN deposits and withdrawals after citing a network issue affecting Ravencoin on Monday. RVN fell 19.1% to about $0.00288 as traders reacted to the network…