According to Cointelegraph, the European Banking Authority (EBA) has finalized new regulations requiring banks within the European Union to hold significantly more capital against unbacked cryptocurrencies such as Bitcoin and Ether. The EBA's final draft of regulatory technical standards, released on Tuesday, aims to harmonize capital requirements for crypto-asset exposures across EU-based banks. This framework applies to banks holding digital assets on their balance sheets, with specific risk weights assigned to different asset groups. The documentation accompanying the draft outlines that digital assets in group 2, which includes unbacked cryptocurrencies like Bitcoin, are subject to a general risk weight of 1,250%. Group 2a refers to a subcategory of these assets that meet the Bank for International Settlements’ hedging and netting criteria, while group 1b includes asset-referenced tokens tied to traditional financial instruments, subject to a 250% risk weight. These risk weights were introduced as part of the Capital Requirements Regulation (CRR III) and have been in effect since July 2024. The EBA's latest draft adds technical elements necessary for calculating and aggregating crypto exposures, including credit-risk, market-risk, and counterparty-risk modeling. It also mandates strict separation between assets, preventing Bitcoin and Ether from being offset against each other. Once the final draft is submitted to the European Commission, Brussels will have up to three months to decide whether to endorse it, amend it, or send it back for redrafting. If endorsed, the bill will become a delegated regulation and be forwarded to the European Parliament and the Council, with a three-month objection window extendable to six months. If no objections are raised, the draft will come into effect within 20 days of its publication in the Official Journal of the EU. These rules are expected to impact European banks already holding crypto on their balance sheets. For instance, Italian bank Intesa Sanpaolo, which acquired 1 million euros worth of Bitcoin in January, would need to hold 12.5 million euros in capital against that position under the new framework. However, fintech firm Revolut is unlikely to be affected, as its crypto services are managed off-balance-sheet by its non-banking arm, Revolut Digital Assets Europe Ltd. The EBA's stance contrasts with the broader global regulatory trend of integrating crypto within existing financial frameworks. In March, the Federal Deposit Insurance Corporation (FDIC) announced that institutions under its oversight could engage in crypto-related activities without prior approval. Similarly, Switzerland amended its DLT Act in April, allowing banks to custody tokenized securities and offer guarantees for stablecoin issuers under a clear legal framework. Recent reports suggest U.S. President Donald Trump is considering an executive order directing banking regulators to investigate claims of debanking made by the cryptocurrency sector and conservatives. Meanwhile, JPMorgan Chase is reportedly exploring crypto-backed loans, indicating a potential shift in how U.S. banks view crypto assets. The new EU capital rules could limit bank participation in the expanding digital asset market, especially as decentralized finance and tokenization continue to integrate into mainstream financial services.

According to the announcement from Binance, European users can now convert their cryptocurrency holdings into fiat currency and withdraw the funds directly to an eligible Mastercard with near-real-time availability. This new 'Buy & Sell' service is accessible via both the Binance website and app, and is powered by Mastercard Move, a portfolio of money movement solutions. The feature allows users to either sell their crypto and transfer the fiat balances to their card or withdraw their existing fiat balance to the card. This service aims to streamline the off-ramping process by providing a fast, simple, and secure method to access funds, adding another convenient withdrawal option alongside bank transfers and other supported methods. To utilize this service, users must log in to their Binance account on the Binance website or app and navigate to the 'Sell' or 'Withdraw' section on the 'Buy & Sell Crypto' page. For selling, users select the cryptocurrency they wish to sell and choose the fiat currency they want to receive. For withdrawing, users select EUR and enter the desired amount in EUR. They must then select a linked card or add a new card if one has not been linked yet, complete the security verification, and follow the instructions to finalize the order. Users are required to update their Binance App to iOS version 2.102.3 or Android 2.102.4 or above to access the 'Sell to Card' or 'Withdraw to Card' options. Terms and conditions apply, and actual posting times for approved transactions will depend on the receiving financial institution.

According to BlockBeats, market reports indicate that Chainlink plans to create a reserve of LINK tokens. The tokens for this reserve will be acquired through market buybacks using the protocol's revenue.

Your daily access to the backroom. source: https://www.blockhead.co/2025/08/07/bitcoin-climbs-above-115-000-amid-etf-inflows-rebound/

Users can swap cash for securities on the HQLAx platform using blockchain deposit accounts on the permissioned Kinexys network. source: https://www.theblock.co/post/365887/jpmorgan-launches-onchain-intraday-repo-solution-using-its-bespoke-kinexys-blockchain?utm_source=rss&utm_medium=rss

وفقا للتقرير الصحفي فإن الرئيس الرئيس الأمريكي “دونالد ترامب” يستعد لتوقيع أمر تنفيذي اليوم يهدف إلى إدخال الأصول البديلة، مثل العملات المشفرة والأسهم الخاصة والعقارات، إلى خطط التقاعد 401(k). تبلغ قيمة الأصول ضمن خطط التقاعد القائمة على أصحاب العمل نحو 12 تريليون دولار حتى نهاية مارس 2025، منها حوالي 9 تريليونات دولار في خطط 401(k). source: https://arab-btc.net/trump-opening-9t-retirement-market/

The company secured the capital through a deal involving convertible notes from a U. S. institutional investor. source: https://coindoo.com/healthcare-giant-bets-on-ethereum-with-new-treasury-plan/

The Spot Ethereum ETFs have recorded significant outflows recently, sparking a bearish sentiment for the ETH price. These outflows also come at a time when the altcoin has dropped from a six-month high of $3,900 and looks to retest the psychological $3,000 level. Ethereum ETFs See Record Outflows Putting The ETH Price At Risk SoSo Value data shows that the Ethereum ETFs recorded a net outflow of $465. 06 million on August 4, their largest outflow since they launched last year source: https://www.newsbtc.com/news/ethereum/spot-ethereum-etfs-are-bleeding/

Bitcoin DeFi is seeing more venture capital interest as institutional investors flock to Bitcoin and its increasing yield-bearing capabilities. source: https://cointelegraph.com/news/btcfi-vc-funding-175m-h1-2025-on-consumer-apps?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

UK BSV holders are continuing to fight for $11. 9 billion in damages from Binance and Kraken by requesting to appeal to the UK Supreme Court. source: https://protos.com/12b-bsv-delisting-claim-against-binance-kraken-hits-uk-supreme-court/

This attempt breaks the inherent geographical and financial barriers to IPOs and also marks a fundamental change in the logic of asset issuance.

Recommended reading for tonight: 1. ETH will experience a step-by-step growth, just like BTC in 2017; 2. Bitcoin is quietly brewing a major change; 3. The intelligent evolution of DeFi: from automation to AgentFi;

The market highly expects that FOMC members will make their first interest rate cut decision in 2025.

On August 1, Hong Kong’s “Stablecoin Issuance and Reserve Management Ordinance” officially came into effect.

In a major move to expand its public sector presence, OpenAI has announced it will provide its ChatGPT to the U.S. federal agencies for just $1 over the next year.

Dubai and UAE regulators agreed to work together on crypto licences to make rules clearer across the country. Firms licensed in Dubai may soon operate nationwide, but still need to pass joint checks.

The two Estonian co-founders of the now-defunct crypto mining company HashFlare are seeking leniency after pleading guilty to wire fraud, while U.S. federal prosecutors are calling for each to serve a full decade in prison

How did we build such a big, loud, and well-funded industry without launching a single everyday app?

Pig Butchering Scams Explode As WhatsApp Deletes 6.8 Million Accounts In Global Crackdown

The booming development of AI Agents is becoming the actual user-facing interface of the AI industry, gradually assuming the core interactive role between AI and users.