News

• SBI Holdings has submitted applications to Japan’s Financial Services Agency for the approval of two exchange-traded funds tracking BitcoinandXRP. The filings represent the first dual-asset spot crypto ETF proposal in the country. The move follows SBI’s formal joint venture with Franklin Templeton in July.

  August 7, 2025

• Galaxy Digital’s Alex Thorn argued that post-EIP-4844 fee models favor L2 profits over Ethereum mainnet’s financial health. Thorn added that most L2s are controlled by single companies or foundations, which means “very little value accrues to ETH holders”

  August 7, 2025

• Bitcoin (BTC) is consolidating in a thin-liquidity “air gap” between $110,000 and $116,000. BTC’s price pulled back to $113,000 after setting a new all-time high above $123,000 in mid-July.

  August 6, 2025

• Laser Digital, a digital asset subsidiary of Japanese banking giant Nomura, has secured the first limited license to offer over-the-counter crypto derivatives. The offering includes products for hedging, yield enhancement, and volatility management. Laser Digital is the first firm authorized to provide institutional-grade crypto options directly to clients under the VARA framework.

  August 6, 2025

• Bitcoin’s Lightning Network capacity has declined from over 5,400 BTC in late 2023 to around 4,200 BTC by August 2025. By mid-2025, roughly 15% of Bitcoin withdrawals on the platform were now routed via Lightning.

  August 6, 2025

• Etihadis positioning itself as a stronger contender to Bitcoin in the race for dominance as a store of value. This shift is driven by the growing adoption of digital asset treasuries (DATs), which increasingly favor Ethereum and Bitcoin.

  August 6, 2025

• BDACS’ XRP custody strengthens ties with Ripple while SBI’s ETF marks a milestone for Japanese investors. SBI Holdings preparing to launch exchange-traded funds (ETFs) for XRP andBitcoinin Japan.

  August 6, 2025

• Ripple Labshas urged the US Senate to revise its proposed crypto legislation. The firm warned that the current draft introduces more confusion than clarity. The comments come in response to the Senate’s call for feedback on the draft.

  August 6, 2025

• Crypto traders are preparing for potential price declines in Bitcoin and ETH. Open interest in Bitcoin put options with an Aug. 29 expiry date is nearly five times higher than call options. Options skew, a measure comparing the cost of puts to calls, has shifted from +2% to -2%.

  August 6, 2025

• Bitcoin (BTC) slipped below its three-week range floor near $115,800 late last week. The breakdown follows weeks of weakening order flow and open interest. Despite the crashes registered last week, ENA and PENGU remained two outliers with 14% and 8.4% weekly price increases.

  August 6, 2025