🚀 Macro & Regulation • The Nasdaq and S&P 500 closed at all-time highs. • Bitcoin's dominance has fallen from 65% to 59% over the past two months; institutional trading on Coinbase now accounts for 75% of BTC trading volume. • The US M2 money supply hit a record high of $220 billion. • US Treasury Secretary Besant: The Federal Reserve may cut interest rates by 50 basis points in September, with a total reduction expected to reach 150-175 basis points; traders have fully priced in a 25 basis point rate cut in September. Key focus: The Jackson Hole Symposium from August 21st to 23rd, where Powell may lay the groundwork for policy easing. • The cryptocurrency exchange Bullish raised $1.1 billion in its initial public offering (IPO); its stock (BLSH.US) rose 83.78% on its first day. • Google searches for "altcoin" hit a five-year high. • China Merchants Bank International tokenized the Hong Kong-Singapore Mutual Recognition Fund on Solana through DigiFT and OnChain. • The DeFi Education Fund and a16z urged the U.S. Securities and Exchange Commission (SEC) to create a regulatory "safe harbor" for blockchain applications to protect protocols like Uniswap. • Google Play bans wallet apps without a banking license; clarifies that non-custodial wallets are not affected. 🍀 Corporate Treasury Bonds • GameSquare (NASDAQ: GAME) partners with the Animecoin Foundation, pledging to purchase $2.5 million worth of ANIME over 12 months and serving as designated agent. • DeFi Development Q2: 1.3 million SOL held, daily revenue of approximately $63,000. • Ethereum reserves and ETFs currently hold over 8% of the total ETH supply; institutions hold 17% of circulating BTC. • Norway's sovereign wealth fund increases BTC holdings to 7,161 BTC. 🔍 Projects & Protocols • $OKB — OKX upgrades X Layer, permanently destroys 65.26 million OKB (from buybacks/reserve), capping total supply at 21 million; eliminates minting and manual burns; OKTChain will gradually phase out OKT → OKB swaps. • $EDEN — Eden Network shuts down, distributing 2,000 ETH to EDEN holders. • $YGG — Completes $518,000 in buybacks on July 31st; treasury valued at $38 million, including $7.7 million in stablecoins, treasury, and large-cap tokens. • $SIGN — Sign Foundation executes $12 million in SIGN buyback program. • $BB — BounceBit buys back 8.87 million BB in a week, generating $16 million in annual revenue. Buybacks will continue. • $HYPE — Hyperliquid accounts for 35% of total on-chain revenue in July 2025. • $STG — Stargate proposes an emergency halt to LayerZero's $1.38 billion acquisition, requiring a neutral representative before any sale. • Kraken secures MiCA license, serving all 30 European Economic Area (EEA) countries. • Ex-Revolut team launches perpetual DEX "Extended" on Starknet. • Offchain Labs (Arbitrum) acquires smart account infrastructure provider ZeroDev. • MetaMask expects to launch mUSD stablecoin this week in partnership with Bridge. • ETH Fusaka fork (November 2025) to improve scalability. • Gemini to launch Horizon cross-chain consensus smart wallet infrastructure. • Solana meme coin launch platform "Bags" surpasses $1 billion in trading volume; 30-day trading volume exceeds $1 billion