Day’s summary, August 25

Day’s summary, August 25

👁 US Treasury Department proposes to build identity verification directly into DeFi smart-contracts, which will make every transaction tied to a person.

🔮 Billionaire’s heiress invested hundreds of millions of dollars into crypto on the advice of a friend and a psychic — as a result, the woman lost more than $80 million.

⚖️ Gaming blockchain-project XAI accuses Elon Musk of illegal use of their brand and demands a ban on the name xAI.

🪙 Strategy bought additionally 3081 BTC at $115,829 per coin.

📊 Last week spot Bitcoin ETFs recorded a net outflow of $1.17 billion, of which $615 million were on the BlackRock IBIT fund.

💸 Cryptocurrency exchange Coinbase fired a part of programmers, who refused to use AI in work.

☠️ In Thailand detained a 33-year-old South Korean, who is accused of laundering $50,000,000 for a call-center gang with the help of USDT.

🪙 Binance is suspected that through market-maker Wintermute they artificially hold Solana’s capitalization lower, so that it does not overtake BNB.

🇦🇪 UAE entered the top-4 of largest state-hodlers of Bitcoin, owning 6,333 BTC ($740 million), according to Arkham.

🪙 Companies Galaxy, Jump and Multicoin are collecting $1 billion for the purchase of Solana.

🪙 Willy Woo believes that Bitcoin is growing slowly because a large part of the coins is concentrated by old whales, who bought them still at $10 in 2011.

🪙 Tom Lee’s company Bitmine bought additionally Ethereum for $2.2 billion over the past week.

🇨🇳 Former executives of Bitmain with the support of YZi Labs (a fund connected with CZ) are launching a new company, which they are going to list on Nasdaq.

🐳 Public companies strengthened their positions in Bitcoin, adding over the week 4,330 BTC. Total reserves reached 988,271 BTC.