According to BlockBeats, the Solana financial tool SPAC deal led by Joe McCann has been canceled. The reasons for the cancellation have not been disclosed. Two weeks ago, a limited partner from McCann's hedge fund, Asymmetric, posted on X that the fund has declined nearly 80% this year. On July 24, Joe McCann, founder and CEO of the crypto hedge fund Asymmetric Financial, was announced as the CEO of a new Solana treasury company named Accelerate. The company aimed to raise up to $1.51 billion, with plans to secure $800 million through PIPE, $358.8 million via SPAC, $250 million through convertible bonds, and $103.2 million from SPAC warrants. If successful, Accelerate intended to establish a new Solana treasury, potentially becoming the largest SOL treasury management company in the market.

Key Takeaways:Trump’s executive order directs the Labor Department to allow crypto in 401(k) and retirement plans.U.S. retirement assets total over $43T, with $12T in defined-contribution plans.Analysts say Bitcoin is most likely to benefit near-term due to institutional readiness.Altcoins could follow, but only after regulatory clarity and product infrastructure matures.Experts say the order’s success hinges on execution, qualified asset rules, and custodial standards.Critics, including Peter Schiff, warn of increased risk to already underfunded retirement accounts.Bitcoin may be the first major winner following U.S. President Donald Trump’s new executive order, which opens the door for cryptocurrencies to be included in Americans’ 401(k) retirement plans — a shift with long-term implications for capital flows and institutional acceptance.Signed on Thursday, the order directs the U.S. Labor Department to reevaluate and relax current restrictions on including alternative assets like crypto, private equity, and real estate in defined-contribution plans such as 401(k)s.As of Q1 2025, U.S. retirement assets totaled $43.4 trillion, including $8.7 trillion in 401(k)s, according to data from the Investment Company Institute and Federal Reserve Board. With just a fraction of that capital potentially flowing into Bitcoin, the move could reshape the market.Bitcoin Poised to Lead AdoptionCrypto industry leaders welcomed the news but emphasized that Bitcoin is likely to benefit first, given its dominant regulatory standing and institutional readiness.“Bitcoin will be the first asset integrated into regulated pension products,” said Joshua Krüger, head of growth at the dEURO Association.“Firms like BlackRock, Fidelity, and Franklin Templeton already have compliant offerings ready.”Other analysts agreed that Bitcoin’s track record, liquidity, and ETF integration position it as the default crypto for inclusion in retirement portfolios.A Trickle That Could Turn Into a WaveAccording to Bitwise CIO Matt Hougan, retirement contributions could provide a “slow, steady, consistent bid” that stabilizes and matures the crypto market.“Crypto has been the best-performing asset class of the past decade,” Hougan noted.“Including it in 401(k)s just makes sense for long-term investors.”CCI CEO Ji Hun Kim added that the executive order affirms digital assets’ growing legitimacy in the U.S. financial system.“Americans should have the opportunity to include crypto in their retirement strategies,” he said.“This is another step toward making the U.S. the crypto capital of the world.”Altcoins May Follow—With a LagWhile Bitcoin is the near-term frontrunner, analysts say altcoins could benefit in the medium term — once they meet the requirements for regulated financial products, transparent standards, and institutional trust.“Altcoins need durable structures, regulation, and clear investment frameworks,” said Krüger.“Until then, Bitcoin remains the gateway.”ZIGChain co-founder Abdul Rafay Gadit said the executive order lays the groundwork for scalable tokenized investment vehicles, especially when paired with broader regulatory efforts under SEC Chairman Atkins.Execution Will Determine ImpactStill, some voices cautioned that the real effect of the executive order will depend heavily on how it’s implemented — including asset qualification, custody solutions, and risk guardrails.“This could be a watershed moment,” said 0G Labs CEO Michael Heinrich.“Done right, it unlocks trillions. Done poorly, it invites political and financial backlash.”Tezos co-founder Arthur Breitman expressed support but warned that private and illiquid assets often underperform in practice, citing problems with fees, pricing opacity, and manager manipulation.Trump’s executive order marks a major policy pivot that could funnel a portion of America’s $43T retirement capital into crypto — with Bitcoin positioned as the earliest beneficiary. But for the move to reshape financial markets meaningfully, execution, regulation, and investor education will be critical, according to Cointelegraph.

Key Takeaways:$8.8B in BTC options expire Dec. 26, with $1B+ in call options activating above $200K.Market-implied probability of BTC hitting $200K by year-end is under 3%.Structured strategies like diagonal spreads and inverse butterflies benefit if BTC trades near $160K.Nearly $900M in put options target $50K–$80K, showing hedging remains active.Polymark estimates a 13% chance of BTC reaching $200K in 2025, higher than Black-Scholes projections.Bitcoin options traders are making bold bets on a potential year-end surge to $200,000, but market data suggests the odds of such a rally remain slim.Over $8.8 billion in Bitcoin options are set to expire on December 26, according to Deribit. Among them, more than $1 billion in call options would become active only if Bitcoin trades above $200,000, requiring a staggering 72% rally from current levels near $116,649.Despite the aggressive strike prices, analysts caution that these positions reflect strategic plays, not necessarily widespread belief in a six-figure BTC by year-end.Options Market: Calls Dominate, But $200K UnlikelyTotal open interest in call (buy) options stands at $6.45 billion, well ahead of $2.36 billion in put (sell) options, signaling bullish positioning. However, only $878 million in call options would hold value if Bitcoin ends the year around $116,500.Several calls have strikes above $170,000, which are deep out-of-the-money and likely to expire worthless unless BTC gains more than 45% in the next five months.“Traders use far-out-of-the-money calls in strategies with limited risk, not necessarily expecting BTC to reach $200K,” analysts say.Structured Trades: Betting on $140K–$160K LevelsProfessional traders are using options spreads to target more realistic price ranges:Diagonal Call Spread:Involves buying a $200K December call and selling a $200K October call. This setup profits most if BTC reaches $146,000 by October, allowing the short-term call to expire worthless while the long-dated call appreciates.Max gain: 0.0665 BTC (~$7,750)Max loss: 0.005 BTC (~$585)Inverse Call Butterfly:This strategy involves buying a $140K call, selling two $160K calls, and buying a $200K call — all expiring in December. It profits the most if BTC hits $160K at expiry, with capped downside if BTC spikes too high.Max gain: 0.112 BTC (~$13,050)Max loss: 0.109 BTC (~$12,700)These setups reflect a view that Bitcoin may rally to the $140K–$160K range, but not necessarily as high as $200K.Bearish Bets Still in PlayDespite the focus on high call strikes, nearly $900 million in put options target $50,000 to $80,000 for December, highlighting ongoing bearish hedging.According to the Black-Scholes model:A $140K call is priced at 0.051 BTC (~$5,940), implying a 21% chance of profit.A $200K call is priced at just 0.007 BTC (~$814), reflecting a sub-3% probability.Polymark: Odds Slightly HigherWhile Black-Scholes suggests under 3% odds, prediction platform Polymark places the likelihood of BTC hitting $200,000 in 2025 at 13%, suggesting that some traders see a longer timeline for explosive upside.Bitcoin options traders may appear to be betting big on $200K, but the real strategies in play reflect a more measured outlook, with most positioning for BTC to land between $140K and $160K. Out-of-the-money calls are being used more for leverage and limited-risk upside, not as high-confidence predictions, according to Cointelegraph.

Bitcoin briefly rebounded above $117,000 after President Donald Trump’s surprise appointment of pro-crypto economist Stephen Miran. source: https://zycrypto.com/bitcoin-sprints-north-as-president-trump-taps-crypto-friendly-economist-stephen-miran-as-new-fed-governor/

A long-dormant Bitcoin whale has moved 3,000 BTC worth $349 million after 10 years, sparking speculation over potential sales and market impact as BTC trades near $117K. source: https://www.thestreet.com/crypto/markets/major-bitcoin-whale-makes-a-shocking-move-after-10-years

Ripple CEO Brad Garlinghouse on Thursday said the company plans to make its second acquisition this year. Ripple to acquire stablecoin payments platform Rail for $200 million, making RLUSD as go-to provider of stablecoin solutions for global financial institutions. source: https://www.thecoinrepublic.com/2025/08/08/ripple-ceo-brad-garlinghouse-unveils-good-news-for-xrp-community-rlusd-stablecoin-users/

Abnormal whale moves leave Shiba Inu (SHIB) down 73% in key metric source: https://u.today/abnormal-shiba-inu-shib-whale-activity-ends-up-with-73-crash

Animoca, Standard Chartered, HKT to launch Anchorpoint for Hong Kong's stablecoin market as Stablecoin Ordinance takes effect. source: https://coincu.com/353442-animoca-stablecoin-venture-hong-kong-2

The physical hat associated with the iconic photo of Achi, the dog behind the Dogwifhat memecoin, sold via auction on Ord City for 6. 8 BTC. source: https://www.theblock.co/post/366171/dogwifhat-memecoin-pink-beanie-sells-800k-less-than-4-3m-iconic-photo-nft-sale?utm_source=rss&utm_medium=rss

According to Foresight News, Bitcoin has made headlines by appearing on the front page of the Financial Times. The article, titled 'Why Public Companies Are Flocking to Buy Bitcoin,' explores the growing trend of publicly traded companies investing in the cryptocurrency. This development highlights the increasing interest and adoption of Bitcoin in the corporate sector. source: https://www.binance.com/en/square/post/28040100761314?utm_source=BinanceNewsRSS

Investment, cryptocurrency, the evolution of speculation Golden Finance, say goodbye to short-sightedness and embrace compound interest.

The right to issue and circulate stablecoins will eventually return to the hands of sovereignty and supervision.

China emphasizes social security and fairness in its pension system, which is managed by the state; the United States tends to rely on market mechanisms and individual choices.

Standard Chartered and Animoca Brands have launched a new company to develop a Hong Kong-dollar stablecoin and applied for a licence from the Hong Kong Monetary Authority. They are working within Hong Kong’s new strict stablecoin regulations to offer a secure and regulated digital payment option.

Mergers and acquisitions themselves will not create a flywheel. If you are not the user's starting point, not their habits, and not their interface, then no matter how many features you bundle, users will not follow you.

Projects like Ventuals, Zoshi, and FreeStock are exploring different paths to tokenizing private equity.

Binance has launched instant euro withdrawals to Mastercard for users in Europe and the UK, making it faster and easier to access crypto funds. The feature supports direct transfers from crypto sales or euro balances and is expected to expand to more currencies and regions.

AB DAO announces that AB officially went live on Kraken on August 7, 2025. Users can now deposit AB and place post-only limit orders (orders will not match yet). Full trading will begin on August 8, 2025, when the AB/USD and AB/EUR pairs go live, allowing purchases directly in U.S. dollars and euros.

Ripple is buying Canadian payments firm Rail for $200 million to grow its stablecoin business and speed up cross-border payments. The deal is set to close later this year, pending approval from regulators.

The SEC and Ripple have dropped their appeals, ending the long XRP lawsuit and letting the 2023 mixed ruling stand. XRP’s price jumped over 10% after the news, and Ripple will now focus on growing its business and moving forward.