Weekly Bitcoin Recap 🔥
🇺🇸 Fed Chair Powell turns dovish
🇵🇭 Philippines proposes 10,000 BTC strategic reserve 🚀
🇧🇷 Brazil holds first Bitcoin reserve hearing ($19B) 👀
🇭🇰 Ming Shing to buy $500M in BTC
🇸🇬 Volkswagen SG accepts BTC & crypto 🔥
⚡️ SoFi taps Bitcoin Lightning for remittances
🇳🇱 Amdax to launch Bitcoin treasury company
Bitcoin adoption is accelerating. 🟧

JUST IN: $BNB reaches new all-time high of $900

UPDATE: Sharplink Gaming ( $SBET ) is doubling down on its Ethereum-focused strategy with the approval of a massive $1.5 BILLION share repurchase plan.
The firm now controls more than 740,000 $ETH, valued at roughly $3.1B. 👀

BREAKING:
BITWISE CONFIRMS COMPLETION OF THE FIRST-EVER IN-KIND #BITCOIN ETF REDEMPTION.

LATEST: $5.1 trillion State Street joins JPMorgan's tokenized debt platform as first external custodian, allowing it to hold blockchain-based debt securities on behalf of investors.

UPDATE: Bitcoin whales scooped up 16,000+ $BTC during the recent dip, signaling a potential local bottom and short-term reversal..

MULTI-CHAIN MOVE: Aave goes live on Aptos, marking its first deployment on a non-EVM chain.
Built natively in Move, supports USDC, USDT, APT, and sUSDe; launched with Chainlink oracles, security audits, and a $500K bug bounty. DeFi just went cross-chain

UBS says Chinese family offices are now allocating up to 5% of portfolios into #Bitcoin & crypto.
With many managing $300M–$1B each, that’s tens of millions flowing per office - a massive wave of institutional adoption building

BREAKING:
🇪🇺 The EU accelerates its digital euro stablecoin plans, with a potential launch on Ethereum or Solana.

NOW: Japan's SBI Holdings teams up with Startale Group to build a comprehensive onchain trading platform for crypto, tokenized stocks and RWAs

ALERT: A victim lost 783 BTC worth $91.4M in a social engineering scam impersonating exchange & wallet support. Stolen funds are being laundered via Wasabi, per ZachXBT.

🇰🇷 UPDATE: Tether and Circle execs to meet South Korea’s largest banks this week, per Yonhap

LATEST: ETH Strategy partners with Lido to invest treasury funds in stETH, aiming to boost $ETH yields with verifiable on-chain custody.

NEW: Verb Technology (soon to be Ton Strategy Company) announced $780M in treasury assets, including $713M in Toncoin, as part of its $TON accumulation strategy.

JUST IN: 🇺🇸 Odds of the Federal Reserve lowering interest rates in September fall to 57%, according to crypto prediction platform Polymarket.

Tidal Trust III files with the SEC 4 VistaShares BitBonds Enhanced Weekly Option Income ETFs

According to this, Cardano is forming a massive Inverse Head & Shoulders on the 9-Day chart.
If this plays out, $ADA below $1 should be considered a huge discount! 💸
Source: TapTools

JUST IN: Fed minutes from the July 29 - 30 meeting are out. Key takeaways:
🔒 Rates held at 4.25% - 4.50% (only Bowman & Waller wanted a cut)
💸 Tariffs seen as bigger inflation risk than jobs
📈 Goods prices showing tariff effects, long-term inflation path still unclear
🎯 Markets still pricing ~85% chance of September rate cut - next stop Powell at Jackson Hole
#Jackson Hole Meeting#