DeepNewz

Markets
Bitcoin Sets New Record Above $122,000 as Ether Nears 2021 Peak
Bitcoin climbed to a fresh all-time high of roughly $122,900 on Wednesday, overtaking its July peak, while Ether advanced to about $4,700, leaving the second-largest cryptocurrency just 3% shy of its November 2021 record

Regulation & Politics
Google Reverses Course, Says Non-Custodial Crypto Wallets Can Stay on Play Store
Google on Wednesday walked back language in an updated Google Play policy that briefly appeared to require developers of non-custodial cryptocurrency wallets to secure banking-style licences, a move the industry warned would amount to an effective ban in major markets

CeFi
Crypto Exchange Bullish Raises $1.1 Billion in Upsized NYSE IPO
Crypto exchange Bullish raised $1.1 billion in its US initial public offering after selling 30 million shares at $37 each, well above the already-increased range of $32 to $33.

CeFi
OKX to Burn 65 Million OKB and Cap Supply at 21 Million, Spurring Price Rally
Cryptocurrency exchange OKX unveiled a sweeping overhaul of its native token on 13 August, saying it will permanently destroy 65,256,712 OKB

DeFi
Coinbase Relaunches Stablecoin Fund to Boost DeFi Liquidity
Coinbase Global Inc. on 12 Aug. relaunched its Stablecoin Bootstrap Fund, reviving a program first started in 2019 to nurture on-chain dollar liquidity.

Blockchains
MARA Holdings to Acquire 64% Stake in EDF’s Exaion for $168 Million in AI and HPC Deal Closing Late 2025
Marathon Digital Holdings (MARA), the largest Bitcoin mining company, is in advanced negotiations to acquire a 64% majority stake in Exaion, a high-performance computing (HPC) and artificial intelligence (AI) infrastructure company

Regulation & Politics
Terraform’s Do Kwon Pleads Guilty in $40B TerraUSD Fraud Case
Terraform Labs co-founder Do Kwon pleaded guilty on Tuesday in Manhattan federal court to one count each of conspiracy to defraud and wire fraud stemming from the 2022 collapse of the algorithmic stablecoin TerraUSD and its companion token Luna, an event that erased about $40 billion in value from cryptocurrency markets

Blockchains
Solana Treasury Holder Upexi Names BitMEX Founder Arthur Hayes as Adviser
Upexi Inc., a Nasdaq-listed company that holds one of the largest Solana treasuries, has named Arthur Hayes as the first member of a newly created advisory committee

Blockchains
Circle Unveils ARC Layer 1 Network for Stablecoins
Payments firm Circle plans to introduce ARC, a proprietary Layer-1 blockchain designed specifically for issuing and transacting stablecoins

Blockchains
SharpLink Gaming Raises $400 Million to Lift Ethereum Treasury Above $3 Billion
SharpLink Gaming said it has entered a $400 million registered direct offering with five global institutional investors





