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BlackRock said in a report by Robbie Mitchnick, its head of digital assets, and the firm’s research team that the core investment case for Bitcoin remains intact as an important emerging global alternative monetary asset and a unique portfolio diversifier. The report attributed Bitcoin’s roughly 50% decline from its peak to deleveraging within the crypto market and capital outflows, rather than to any structural flaw in Bitcoin itself. It added that a modest 1% to 2% Bitcoin allocation in a 60/40 portfolio is most effective at improving risk-adjusted returns.

U.S. President Trump said no negotiations or talks with Iran are underway or planned. Trump added the naval blockade remains fully in effect, while the Strait of Hormuz is open and operating normally, and all mines have been removed or destroyed.

Securitize (NYSE: SECZ) and U.S. asset manager Neuberger Berman have launched HINC, a tokenized high-yield bond investment fund, on Sui (SUI), Avalanche (AVAX), Ethereum (ETH) and Solana (SOL). HINC is an actively managed bond strategy focused mainly on high-yield bonds and offered on-chain. Sui said the HINC launch expands the range of institutional financial products available on its blockchain. Sui added that HINC marks the first tokenized fund in which Neuberger, which manages more than $230 billion, is participating as a sub-adviser, while Securitize provides compliance-focused tokenization infrastructure.

Hyperliquid has urged the U.S. SEC to establish a regulatory framework for pre-IPO perpetual futures, according to Wu Blockchain. The company, described as the world’s largest decentralized perpetual futures exchange, said pre-IPO perpetual futures are derivatives that provide price exposure to a company’s expected share price before listing and support price discovery in the market. Hyperliquid Policy Center, or HPC, under Hyperliquid, and fellow perp DEX Trade[XYZ] submitted a joint comment letter to the SEC today. In the letter, the two argued investors, including U.S. retail investors, should ultimately be allowed to access pre-IPO products and said an urgent regulatory framework is needed to support that access.

On-chain analyst ai_9684xtpa said a LAB insider or market maker appears to have dispersed tokens across multiple addresses for additional selling. About three hours ago, the address transferred 9.1 million LAB, worth $720,000, to 10 new wallets. No further transfers or selling transactions, including DEX or CEX outflows, have yet occurred from the 10 recipient addresses.

Cash App, the U.S. mobile financial platform led by Jack Dorsey, is expanding cryptocurrency purchases for U.S. users, CoinDesk reported. Through crypto payments platform MoonPay, Cash App will support purchases of cryptocurrencies beyond Bitcoin and USDC, including Ethereum (ETH), Solana (SOL), XRP, and Tether (USDT). Users will also be able to fund wallets including Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap using their in-app balances.

USDC Treasury mints 250 million USDC on Solana USDC Treasury has minted 250 million USDC on the Solana network, according to Whale Alert.

David Schwartz, Ripple’s honorary CTO, said on X that at one point he held around 26 million XRP, but that amount appears to have fallen to about 2 million XRP. At current prices, 26 million XRP is worth about $26 million, while 2 million XRP is worth about $2 million. Schwartz stepped down from his CTO role late last year and is now serving as a Ripple board member.

Metaplanet said it has invested 2,100 BTC in Nasdaq-listed Super League to launch Superplanet, a U.S. Bitcoin treasury platform. Once the third-party allotment share sale is completed, Super League will change its name to Superplanet, Inc., and Metaplanet will hold about 95.7% of Superplanet’s outstanding shares, bringing it in as a consolidated subsidiary. Metaplanet added that it currently holds 43,000 BTC, making it the world’s third-largest corporate BTC holder among listed companies.

Binance’s 30-day average Bitcoin taker buy volume has fallen to around $3.3 billion, entering a historically depleted zone that was seen just before major market turning points in the past, Crypto Briefing reported. The metric tracks market buy volume that immediately executes against order book liquidity rather than limit orders. With traders increasingly staying on the sidelines and the order book thinning, the direction of incoming liquidity could trigger explosive volatility either upward or downward.

Visa has sent out a request for proposals to select partners for stablecoin settlement and over-the-counter trading after rival Mastercard acquired stablecoin payments infrastructure firm BVNK, CoinDesk reported. Visa is seeking settlement and OTC partners with crypto exchange licenses in the U.S., Canada, the UK and Singapore. The new partner would support swaps among multiple stablecoins and handle settlement for Open USD (OUSD), a new stablecoin project led by Stripe, Visa and Mastercard. Visa officially launched its Visa Stablecoin Platform last month to help global financial institutions and fintech firms custody and settle stablecoins.

Ethereum Foundation has warned developers of wallet services, gas-fee calculators and blockchain explorers ahead of the upcoming Glamsterdam hard fork, as the long-standing rule of thumb that a simple ETH transfer always costs 21,000 gas will no longer universally apply, CoinDesk reported. Transfers to existing addresses will still require 21,000 gas, but transfers to new addresses will incur an additional state gas fee of about 183,600 because the network must create and permanently store new state data. Many existing crypto wallets and trading services are designed to hard-code ETH transfer fees at 21,000 gas or estimate costs along a single gas dimension, so after the upgrade, transfers to new addresses could be rejected or fail because of gas-limit overruns or insufficient fees. CoinNess previously reported that the Glamsterdam upgrade, which had been scheduled for the first half of the year, was delayed to the fourth quarter.

BNB Chain has announced a version two update to BNB Agent Studio, its on-chain AI agent deployment platform, adding Altana Network as a wallet option for AI agents, Crypto Briefing reported. The update centers on the integration of Altana Network’s Smart Agentic Wallet, which is designed to let users retain full control of their private keys while securely delegating spending authority to AI agents. As of mid-August, more than 200,000 AI agents were registered and operating on BNB Smart Chain through the ERC-8004 standard.

The Bhutan government transferred 300 BTC worth $19.28 million to a new wallet, Onchain Lens reported. Last month, Bhutan deposited 66 BTC to Binance.

Nasdaq-listed Cypherpunk Technology (CYPH), a ZEC-accumulating company, has launched its subsidiary Cypherpunk Mining through a $33.33 million stock deal with Winklevoss Capital, The Block reported. The company has completed the deployment of about 4.2 GSol/s of hash rate across the United States, representing roughly 18% of the ZEC network’s hash rate. Cypherpunk currently holds about 323,394 ZEC, or around 1.92% of total circulating supply, and aims to increase that to 5% of total supply. It plans to expand its ZEC treasury and continue investing in privacy technology using roughly 43,800 ZEC in monthly mining rewards secured through the operation.

Citi plans to launch its digital-asset custody service by year-end, starting with Bitcoin, The Block reported. The bank disclosed further details of the rollout plan it had announced earlier and said its new Custody+ platform will offer custody for traditional assets and cryptocurrencies within the same framework.

Canary Capital said it has filed an S-1 registration statement with the U.S. SEC to launch a spot TRX ETF, adding in an X post that "TRX 현물 ETF(티커: TRXS)가 곧 출시된다".

A wallet believed to be linked to the Ethena team deposited 170 million ENA, worth about $14.09 million, to crypto trading platform FalconX an hour ago. Onchain Lens said the transfer could indicate a potential sale through an OTC deal and added the wallet had received ENA from Ethena’s Gnosis Safe multisig wallet last year. According to CoinMarketCap, ENA was trading at $0.08307, down 0.71%, at the time of writing.

Blockchain.com joins Nigeria SEC regulatory sandbox Blockchain.com has joined the Nigerian SEC’s Regulatory Incubation Program and obtained approval to operate within the sandbox, CoinGape reported. Under the arrangement, the crypto financial services platform can operate in Nigeria as long as it meets the SEC’s rules and testing requirements. Blockchain.com currently offers cryptocurrency trading, wallet and over-the-counter (OTC) services.

Curve Finance founder Michael Egorov said pressure from the Financial Action Task Force, or FATF, to regulate DeFi could ultimately make the sector safer, according to The Block. Egorov said in an interview with The Block that FATF’s regulatory push could paradoxically have a positive effect on how DeFi protocols are designed. He said DeFi could evolve in ways that reduce privileged access, remove upgrade risks, and ensure no party can access user funds. At the same time, Egorov stressed that the mere existence of a development team should not make a protocol subject to regulation. Writing, maintaining, and managing code does not in itself grant authority to control a protocol, he said.

Bitcoin funding rates have climbed to their highest level in about 20 months, with long positions now heavily crowded, according to U.Today. The report said futures traders are strongly betting on further gains and are willing to pay higher costs to maintain long positions. The relative strength index, or RSI, has risen to around 52, indicating a modest improvement in momentum without entering overbought territory. At the same time, long positioning remains excessive before price confirmation is complete, leaving the market vulnerable to large-scale cascading liquidations if support breaks.

Uniswap to expand liquidity on Circle L1 Arc

A trader turned $121 into about $311,000, a gain of roughly 256,926%, as BNB Chain-based memecoin Niulai surged over the past few days, including a listing on Binance Alpha, drawing attention across the community. According to on-chain analyst EmberCN, the trader bought 19.1 million Niulai tokens for $121 in the on-chain market on Aug. 13. At the time, the memecoin’s market capitalization was just $6,340. As Niulai’s price later surged and its market capitalization climbed to between $1 million and $20 million on Aug. 15-16, the trader sold 14.1 million tokens, locking in $127,000 in profit. The trader still holds 5 million Niulai, currently valued at about $186,000.

South Korean exchange Upbit announced it will temporarily suspend MON deposits and withdrawals starting at 2:00 p.m. UTC on Aug. 25 due to Monad's hard fork.

Mitsubishi UFJ Financial Group (MUFG) of Japan bought an additional 53,430 shares of Strategy, bringing its total holdings to 360,613 shares worth $35 million, according to BitcoinTreasuries.