Today's news tips:
Google Cloud launches L1 blockchain GCUL, currently in private testnet stage
Donald Trump Jr.'s venture capital fund has invested in prediction market Polymarket
CoinList launches private placement portal CoinList Alpha
Regulation & Policy
According to The Block, U.S. Commodity Futures Trading Commission Commissioner Kristin Johnson has announced her departure next week, leaving the commission with only one leader. Johnson, who set September 3rd as her final day in office, had previously expressed her intention to resign, marking the latest in a wave of high-profile departures from the derivatives regulator. Johnson is one of four commissioners who have announced their intention to resign or have already departed since the beginning of the year. Since taking office, President Trump has sought to bring pro-cryptocurrency Republican leaders into his administration.
U.S. Secretary of Commerce: Plans to publish GDP economic data on blockchain
According to Decrypt, U.S. Commerce Secretary Howard Lutnick announced on Tuesday that the department will begin publishing economic data "on the blockchain." His department plans to "publish GDP data on the blockchain so that people can use the blockchain for data distribution." Howard Lutnick said the program will soon be open to the "entire government."
According to Zhitong Finance, at the inaugural ceremony of the Hong Kong Digital Asset Listed Companies Association, Chan Ho-lim, Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region (HKSAR), stated that the HKSAR government, which has been actively issuing green bonds annually for the past three years, plans to regularize the issuance of such bonds in the future. The government will also explore the application of tokenization in various sectors, including renewable energy. Furthermore, the HKSAR government will take measures to explore tokenization for ETFs already listed on the Hong Kong Stock Exchange to further attract investor participation.
Project News
According to Globenewswire, Yorkville Acquisition Corp. (Nasdaq: YORK), Trump Media & Technology Group (Nasdaq, NYSE Texas: DJT), and Crypto.com announced they have entered into a definitive agreement to form Trump Media Group CRO Strategy, Inc., a digital asset reserve company focused on acquiring CRO, the native token of the Cronos ecosystem. Yorkville Acquisition Corp. is a special purpose acquisition company (SPAC) sponsored by Yorkville Acquisition Sponsor LLC ("Yorkville"). Upon completion of the business combination, Trump Media Group CRO Strategy will be majority-owned by Yorkville, Trump Media, and Crypto.com as founding partners. The digital asset reserve company is expected to be funded by $1 billion in CRO (6,313,000,212 CRO, representing approximately 19% of the total CRO market capitalization at the time of this announcement), $200 million in cash, $220 million in cash from mandatory exercise warrants, and a $5 billion equity credit line provided by Yorkville affiliate YA II PN, Ltd., for a total of $6.42 billion. This will make it the first and largest publicly traded CRO reserve company. To demonstrate their long-term commitment to the Trump Media Group CRO strategy, Yorkville, Trump Media, and Crypto.com have agreed to a mandatory initial one-year lockup period for their founding shares upon completion of the business combination, followed by a three-year phased release schedule.
Later news broke that Trump Media will launch a rewards system on its TRUTH SOCIAL and TRUTH+ platforms, using CRO as its utility token . Trump Media also signed a $155 million strategic agreement with Crypto.com . ZachXBT stated: "Crypto.com previously covered up a significant incident, but I cannot disclose the details yet ."
Canary has submitted the S-1 application for the Canary TRUMP Coin ETF to the US SEC.
According to market news, Canary has submitted the S-1 application documents related to the Canary TRUMP Coin ETF to the US SEC.
Rex Shares applies to launch ETF supporting BNB staking
Bloomberg ETF analyst Eric Balchunas tweeted that US asset management company Rex Shares has applied to launch an ETF that supports BNB staking.
Google Cloud launches L1 blockchain GCUL, currently in private testnet stage
Google Cloud has launched GCUL, a Layer 1 blockchain. GCUL will utilize Python-based smart contracts. It aims to be a neutral infrastructure for finance, providing a "native commercial bank on-chain currency," 24/7 capital markets infrastructure, and payment and brokerage capabilities. The plan is to open it to the entire Google network, which boasts "billions of users" and "hundreds of institutional partners." Currently in a private testnet phase, GCUL announced a tokenized asset pilot with the Chicago Mercantile Exchange (CME) earlier this year. Further technical details are planned for the coming months.
Binance Futures to Launch BASUSDT U-Margined Perpetual Contract
According to the official announcement, Binance Futures will launch the BASUSDT perpetual contract at 21:30 on August 26, 2025 (GMT+8), with a maximum leverage of 50x.
Binance Alpha and Binance Futures will list Mitosis (MITO)
According to an official announcement, Binance Alpha will list and open trading for Mitosis (MITO) at 10:00 PM (GMT+8) on August 28, 2025. Additionally, Binance Futures will launch MITOUSDT perpetual contracts at 10:30 PM (GMT+8) on August 28, 2025, with up to 50x leverage. All eligible Binance users can use Binance Alpha Points to participate in the Booster event and receive token airdrops.
Coinbase International will launch GMT, Omni Network, and Synthetix perpetual contracts
Coinbase International has officially announced that it will add support for GMT, Omni Network, and Synthetix perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The GMT-PERP, OMNI-PERP, and SNX-PERP markets will open on or after 5:30 PM Beijing Time on August 28th.
dYdX has officially released a new roadmap, with its core development company, dYdX Trading, rebranding as dYdX Labs. Over the next 90 days, dYdX plans to conduct software upgrades to support significant breakthroughs in performance, user experience, and token utility for the community. These upgrades include: 1. Partner fee sharing: Partners who bring trading volume and liquidity to dYdX can earn up to 50% of protocol fees; 2. The introduction of tiered and TWAP orders; 3. Designated proposers to significantly reduce end-to-end transaction latency; 4. Improved order gateways; 5. Telegram trading functionality, enabling seamless dYdX account trading between the web and Telegram, launching in September 2025; 5. Social login, supporting instant login and deposits using Google, Apple, or Passkey; 6. Front-end integration with Osmosis, enabling one-click swaps and staking between USDC and DYDX; and 7. Staking DYDX to reduce transaction fees.
Binance Alpha will list CeluvPlay (CELB) on August 29th
According to an official announcement, Binance Alpha will list CeluvPlay (CELB) on August 29th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens. Detailed details will be announced separately.
Binance Alpha to List Dexlab (XLAB)
Binance Alpha will officially list Dexlab (XLAB) on August 29th. Eligible users can claim the airdrop using Binance Alpha Points after Alpha trading opens. Detailed details will be announced later.
According to Globenewswire, special purpose acquisition company CSLM Digital Asset Acquisition announced that it will issue Class A common stock and warrants and raise US$200 million through an initial public offering. The relevant shares are expected to be traded on the Nasdaq Stock Exchange under the symbols "KOYN" and "KOYNW". The company said it will seek mergers and listings of companies that strategically utilize blockchain and distributed ledger technologies, including those that build infrastructure for wallets, custody solutions, exchanges, data protocols and tokenized financial instruments, as well as companies that build applications such as payments, decentralized finance and cross-border finance.
CoinList launches private placement portal CoinList Alpha
CoinList announced the launch of CoinList Alpha, a private placement portal designed to enable accredited investors to participate in select private offerings, from seed rounds to finance company private placements. As the first transaction, CoinList offered qualified clients the opportunity to participate in a PIPE private placement financing by Sharps Technology (STSS), a Solana finance company.
Bitlayer has opened BTR airdrop inquiries and will be available for claiming at 18:00
Bitlayer tweeted that BTR airdrop inquiries have been opened at 14:00 and airdrop redemption will be available at 18:00.
MyShell (SHELL) Launched in Binance HODLer Airdrop Round 2
According to an official announcement, Binance has added MyShell ($SHELL) to its second HODLer airdrop. This second round of Binance SHELL airdrops will distribute a total of 25 million SHELL (2.5% of the maximum token supply). Users who subscribe to guaranteed principal earning (fixed and/or demand) or on-chain earning products using BNB between 8:00 AM on July 24th and 7:59 AM on July 28th (GMT+8) will receive the airdrop. The airdrop will be distributed within 24 hours of the announcement.
According to The Block, REX Shares and Osprey Funds jointly filed an N-1A registration statement with the U.S. Securities and Exchange Commission (SEC) on Tuesday to manage the first U.S. spot BNB ETF that may include staking functionality. The proposed fund aims to provide direct exposure to the price of BNB, the native cryptocurrency of BNB Chain.
According to The Block, over 100 cryptocurrency entities are calling on lawmakers to protect software developers as they consider how to regulate the digital asset industry. Cryptocurrency stakeholders stated Wednesday that both the House and Senate versions of market structure legislation require language to protect self-custody and the ability to engage in peer-to-peer transactions, and urged the inclusion of these changes. They stated: "These protections must clearly state that no person or entity should be regulated solely for participating in the core activities of creating, developing, launching, and maintaining a blockchain network, nor for allowing users to access such a network through a software interface while maintaining custody of their own funds."
Investment and Financing
According to The Block, Hemi, a Bitcoin programmable layer project, has secured $15 million in a new funding round led by YZi Labs, Republic Digital, and HyperChain Capital, with participation from Breyer Capital, Big Brain Holdings, Crypto.com, DNA Fund, Selini Capital, Protein Capital, Quantstamp, and Web3.com Ventures. This brings the total raised to $30 million, which will be used to advance the development of a network that combines Bitcoin security with Ethereum smart contract functionality. This round of funding will support ecosystem expansion and subsequent token generation activities.
At the core of the Hemi stack is the Hemi Virtual Machine (hVM), which is designed to embed a full BTC node within the EVM, enabling operations such as lending and asset portfolios to run on the Bitcoin network through cross-chain "tunneling" and a proof-of-stake consensus mechanism.
YZi Labs announces investment in yield-generating synthetic dollar protocol USD.AI
YZi Labs has officially announced its investment in USD.AI, a protocol that provides hardware-backed financing for AI infrastructure. USD.AI aims to expand AI infrastructure through a new yield-generating stablecoin. USD.AI has $62 million in locked value. USD.AI is a yield-generating synthetic dollar protocol that brings infrastructure financing (InfraFi) to the blockchain. It is backed by overcollateralized compute loans. USD.AI enables infrastructure and AI operators to access non-dilutive credit while providing depositors with sustainable, asset-backed returns. Developed by Permian Labs, USD.AI is backed by investors including Framework, Dragonfly, DCG, Delphi, and Fintech Collective.
Donald Trump Jr.'s venture capital fund has invested in prediction market Polymarket
According to Axios, prediction market Polymarket has received investment from Donald Trump Jr.'s venture capital fund. 1789 Capital, the venture capital firm Donald Trump Jr. joined last year, has invested tens of millions of dollars in Polymarket. Recently, Polymarket was valued at over $1 billion by Founders Fund. Donald Trump Jr. will also join Polymarket's advisory board.
Hedge fund Numerai secures $500 million investment commitment from JPMorgan Chase
According to The Block, San Francisco-based hedge fund Numerai LLC announced it has secured a $500 million investment commitment from JPMorgan Chase's asset management arm, with the fund set to launch next year. Over the past three years, Numerai's assets under management have grown from $60 million to $450 million. Numerai stated that its global equity hedge fund achieved a 25% net return last year. The company also stated it plans to hire more employees. Its native token, Numeraire (NMR), surged as much as 33% at one point.
Institutional holdings
SharpLink (NASDAQ: SBET) announced on the X platform that it purchased 56,533 ETH at an average price of approximately $4,462. As of August 26, 2025, the company held 797,704 ETH, valued at approximately $3.7 billion. Key highlights for the week ending August 24, 2025: 1. $360.9 million in net proceeds were raised through ATM facilities last week. 2. Total staking rewards increased to 1,799 ETH since the launch of the treasury strategy on June 2, 2025. 3. Approximately $200 million in cash remains unused for ETH acquisition. 4. The ETH concentration ratio based on cash conversions exceeded 4.00, an increase of over 100% since June 2, 2025.
KindlyMD, a publicly traded company, has filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC), proposing a planned stock offering with a market capitalization of up to $5 billion. Kindly intends to use the proceeds for: implementing its Bitcoin financial strategy; supplementing working capital; acquiring businesses, assets, or technologies; capital expenditures; and/or investing in existing and future projects.
H100 Group bought 46.22 BTC and currently holds a total of 957.5 BTC
According to NLNico monitoring, H100 Group bought 46.22 BTC, and its current total holdings are 957.5 BTC.
According to an official announcement, Japanese listed company Metaplanet plans to raise funds through the international issuance of new shares, with an estimated net fundraising of approximately 130.334 billion yen (approximately US$881 million). Of the funds raised, approximately 123.818 billion yen (US$837 million) will be used to purchase Bitcoin, and 6.516 billion yen (US$44 million) will be used for Bitcoin financial operations.
Analysis & Opinions
In response to recent discussions on prediction markets, Ethereum founder Vitalik Buterin said: "In a token vote, if you cast the wrong vote, you will not be punished unless you are personally the person who caused the vote to fail, which is very unlikely. In the prediction market, if you vote wrong, you will lose money; if you vote wrong when you are betting big, you will lose a lot of money. Personally, I think the probabilities given by the prediction market are usually more accurate than the probabilities that I believe in because of the (professional or social media) atmosphere. They actually help me stay calm and know not to overestimate things (but also know when something really important will happen)." Earlier, Vitalik said that if the prediction market provides interest, it will drive trading volume growth and a large number of hedging use cases will emerge.
BitMine Chairman Tom Lee stated in an interview with amit Live that Ethereum will rise to $5,500 in the coming weeks and reach between $10,000 and $12,000 by the end of the year. Previously, Lee stated in an exclusive interview that Ethereum is becoming the blockchain platform of choice for Wall Street institutions and that its native token, ETH, is currently severely undervalued. He predicted that ETH will break through $4,000 in the short term and is expected to reach the $10,000-$15,000 range by the end of the year.
According to Matrixport's latest report, the market focus remains on Ethereum and related treasury companies. Ethereum continued its upward trend and stabilized near key moving averages, reflecting the market's dip-buying momentum from early to mid-August. However, momentum has slowed, and the price is expected to remain range-bound between $4.355 and $4,958, with a retest of the $4.355 moving average not ruled out. Future trends will hinge on whether treasury companies can continue to attract capital and shape their market narrative. Overall, the underlying trend of the crypto market remains unchanged, and technical analysis will likely become a key factor influencing profits and losses.
Trend Research: ETH market capitalization will surpass BTC in 1-2 bull-bear cycles
Trend Research, a secondary investment arm of LD Capital, stated in its latest report: "Since ETH entered its current bullish cycle, the market has begun to disseminate data on ETH unstacking with each short-term volatile correction. However, from a supply-demand perspective, the demand generated by institutional consensus currently far outstrips the supply of unstacking, and we believe that a long-term, fully loaded unstacking situation is unsustainable. Since treasury companies such as SharpLink began purchasing, US-listed ETH holdings have totaled nearly $20 billion, representing 3.39% of the total supply. Bitmine is still 75% away from achieving its goal of holding 5% of the total ETH supply. With the further implementation of crypto-friendly policies and Wall Street's consensus on ETH's long-term value, the rush to buy ETH has only just begun. With the impending interest rate cut cycle, we have raised our long-term ETH target price, believing that ETH's market capitalization will surpass BTC within one to two bull-bear cycles."
Important data
Hyperliquid (HYPE) briefly hits $50, setting a new all-time high
A Bitcoin trader who has held Bitcoin for 12 years deposited 750 BTC into Binance
