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Ethereum accumulation firms have overtaken spot ETFs as the largest group of ETH holders and are continuing to widen the gap, Unfolded reported. Bitmine alone holds nearly 5% of Ethereum’s total supply, while spot ETFs and digital asset treasury firms together account for about 11%, according to Unfolded.

The U.S. has lifted Iran-related sanctions, according to the U.S. Treasury Department’s official website.

Bitwise CEO says crypto substance is outpacing price for the first time in 8 years Hunter Horsley, CEO of Bitwise, said "substance" has begun to move ahead of price in crypto for the first time since Horsley entered the industry more than eight years ago.

U.S.-listed Bitcoin treasury firm Hyperscale Data (GPUS) announced the sale of an additional 150.5 BTC last week, reducing its total holdings to 958.53 BTC. The company is pursuing a transition into a data center operator with BTC as a treasury asset.

Iranian and Omani negotiating delegations have agreed on a draft accord and are awaiting final approval from Iran’s supreme leader, according to AP, citing two regional officials on Aug. 5 local time. According to the officials, who are familiar with the talks, the potential agreement was devised as a temporary solution to the U.S.-Iran dispute over maritime transport through the Strait of Hormuz. The accord is tied to an agreement the U.S. and Iran reached in June to end the dispute and reopen the strait, but which was ultimately not implemented. The officials added the potential deal could serve as a basis for the U.S. and Iran to resume negotiations on a final agreement over Tehran’s nuclear program.

Nomura’s digital-asset subsidiary Laser Digital has made a strategic investment in UAE-based layer-one blockchain ZIGChain, CoinDesk reported. The investment was said to be in the high single-digit millions of dollars. The two companies plan to bring Gulf private credit markets on-chain and expand financial token services, including Sharia-compliant financial products.

The three major U.S. stock indices opened higher today. - S&P 500: +0.65% - Nasdaq: +0.40% - Dow Jones: +0.68%

TeraWulf posted $44.8 million in second-quarter revenue, with 71% coming from high-performance computing leasing contracts as the company expanded its data center business, The Block reported. Alongside TeraWulf, other legacy crypto mining firms including MARA Holdings, IREN, CleanSpark and Cipher Digital are also increasingly shifting toward data center operations.

CryptoQuant said whale investors have continued accumulating during the latest market downturn, while retail investors have been selling. The firm said BTC whales have been increasing holdings below $60K, and ETH accumulation by large holders is nearing an all-time high.

About 52% of the current Bitcoin supply is in profit, crypto analyst Darkfost said in an analysis, indicating roughly half of all BTC remains underwater. In a post on X, Darkfost said every past bear market saw the ratio fall below 50%, meaning loss-making supply exceeded profit-making supply for a period. The analyst added the metric briefly dipped under 50% in June and July, and said the market now appears to be entering the final phase of the bear market.

Cipher Digital sold 470 BTC worth $30.1 million to help fund AI data center development, Bitcoin Treasuries reported. The Bitcoin mining company is shifting its business from BTC mining to AI data center operations and is expanding infrastructure investment through the sale of its holdings. Cipher Digital now holds 646 BTC, and the sale lowered its ranking among publicly listed corporate BTC holders to 58th.

A wallet tied to the World Liberty Financial team deposited 170 million WLFI worth $9.17 million into Binance, Onchain Lens reported. The address had also sent 170 million WLFI to the same Binance deposit address 29 days earlier.

Visa announced the addition of stablecoin settlement and payout capabilities to its Visa Direct real-time payments network through a partnership with on-chain infrastructure platform Zero Hash. The partnership will allow businesses using Visa Direct to prefund accounts with stablecoins and make payouts through Zero Hash’s infrastructure. Visa Direct connects more than 18 billion accounts, digital wallets and other endpoints across more than 195 countries and territories worldwide.

World Chain, World’s Optimism-based layer-2 network, plans to become the first layer-2 to introduce block access list technology on its mainnet on Aug. 17, according to The Block. The network said it will stream block access lists every 200 milliseconds within its Flashblock architecture. The technology will be implemented through EIP-7928 and can enable processing capacity of up to one gigagas per second, reducing latency and significantly improving transaction throughput.

Mastercard said it will launch a pilot of Mastercard Crypto Credential for cross-border stablecoin payments with global liquidity network Borderless.xyz, according to The Block. The Crypto Credential is a standardized verification framework that can be used to verify blockchain transaction participants and support regulatory compliance and risk management. Infinia, Walapay and Koywe are participating in the pilot.

The Ethereum Foundation said it will provide a grant through its Trillion Dollar Security (1TS) initiative to support development of WEBCAT by the Freedom of the Press Foundation. The funding is intended to introduce front-end verification features for Ethereum wallets and dapps. WEBCAT is an open-source tool that lets browsers verify whether code served by a website matches the code published by the developer.

Tokenized brokerage infrastructure firm Alpaca has raised $435 million, The Block reported.

Circle CEO Jeremy Allaire said the crypto market is moving away from speculative trading toward a structure centered on trading tokenized assets. Speaking on Circle’s earnings call, Allaire reproduced the English phrase "open market" in describing a transition from a legacy structure focused on speculative trading to a stage in which the market supports tokenized versions of a range of assets, including stocks and commodities. He added Circle supports that shift through stablecoins and on-chain technology. Circle previously posted second-quarter revenue of $701 million and adjusted EBITDA of $143 million.

BitMEX co-founder Arthur Hayes bought an additional 2.69 million ENA worth $246K two hours ago, according to Lookonchain. Over the past four days, Hayes has purchased a total of 11.74 million ENA worth $1.02 million at an average buy price of $0.087.

Yellow Card, a crypto payment infrastructure company focused on Africa, announced it raised $40 million from SC Ventures, Polychain and Blockchain Capital. Total funding has now surpassed $120 million, while the company’s valuation is said to be above $200 million. Yellow Card plans to use the proceeds to expand its global dollar account service, broaden its stablecoin payment rails and grow its business in the Asia-Pacific region and Latin America.

U.S. private-sector employment rose by 44,000 in July, below the 68,000 market forecast, according to ADP’s National Employment Report. The ADP nonfarm employment figure is released ahead of the U.S. Labor Department’s payrolls data and is calculated based on more than 500,000 companies using ADP’s payroll management services. By contrast, the U.S. Labor Department’s nonfarm payrolls report is the official gauge and includes changes in government employment. The nonfarm employment data is one of the indicators the U.S. Federal Reserve considers in interest-rate decisions. Stronger employment data can support rate hikes or a hold to prevent overheating, while weaker data can support rate cuts to boost the economy.

Strategy to join Invest America, adopt Trump accounts for employees’ children Strategy will join Invest America and contribute $250 a year for each eligible employee child under age 18 through a Trump account, according to Walter Bloomberg. Invest America is a child investment support program introduced by the Trump administration to help future generations build assets. The program allows families to open so-called Trump accounts in a child’s name for long-term investing.

An anonymous whale address beginning with 0x2684 bought 3,960 ETH worth $7.4 million three hours ago, Lookonchain reported. Since June 30, the address has accumulated a total of 79,216 ETH worth $140.77 million at an average purchase price of $1,777, and it also holds 1,400 WBTC worth $89.44 million with an average purchase price of $63,877.

China’s Ministry of Commerce announced sanctions on six companies, including Nasdaq-listed BNB Plus (BNBX), which has been strategically accumulating BNB. BNB Plus changed its name on Nov. 13 last year and shifted into a BNB accumulation company, or DAT, but its stock has fallen 92% this year. As a result, the company was delisted from Nasdaq on July 13 and is now traded only on the QTCQB over-the-counter market. Its current share price is around $0.11.

Galaxy Digital (GLXY) posted a net loss of $85 million in the second quarter, while holding $2.46 billion in cash and stablecoins and accelerating its expansion into AI and high-performance computing data centers, according to a filing. The company’s data center segment generated $20 million in revenue, with related revenue expected to ramp up in the third quarter.