The recent achievement of reaching 15 billion ADA holders in the Cardano ecosystem could serve as a crucial catalyst, igniting significant momentum and enthusiasm among investors and the wider cryptocurrency community, potentially leading to a major breakout in the value and adoption of Cardano's digital currency. This milestone not only reflects growing confidence in Cardano's technology and its long-term vision but may also signal a shift that encourages more participation and investment, paving the way for future advancements in the platform's development and market presence. source: https://blocknews.com/cardanos-15b-ada-holder-milestone-could-be-the-spark-before-the-breakout/

ETH is also inches away from its 2021 ATH. source: https://cryptopotato.com/double-and-triple-digit-gains-for-these-altcoins-as-bitcoin-flirts-with-120k-market-watch/

ETH, USDC, Circle, Stripe, Circle and Stripe build their own public chains. Is Ethereum's settlement layer throne hanging in the balance? Golden Finance: Building your own chain has become a trend.

The co-founder of Terraform Labs was indicted in 2023 on nine charges related to the collapse of the ecosystem. source: https://atlas21.com/do-kwon-pleads-guilty-to-fraud-in-the-united-states/?utm_source=rss&utm_medium=rss&utm_campaign=do-kwon-pleads-guilty-to-fraud-in-the-united-states

The Bank of New York Mellon Corporation will be the custodian for OpenEden’s Tokenized US Treasury Bills Fund, TBILL. source: https://www.cryptopolitan.com/bny-mellon-fuels-openeden-fund/

According to Foresight News, South Korean cryptocurrency entrepreneur Do Kwon admitted to two counts of fraud in a New York federal court on Tuesday. The 33-year-old co-founder of Terraform Labs was involved in the development of TerraUSD and LUNA tokens, which collapsed in 2022, resulting in approximately $40 billion in losses. During a hearing overseen by U.S. District Judge Paul Engelmayer in the Southern District of New York, Kwon pleaded guilty to charges of conspiracy to commit fraud and wire fraud.

Do Kwon, Terraform Labs' founder, pleads guilty to U. S. fraud charges, faces global crypto trading ban. source: https://coincu.com/354526-terraform-labs-founder-fraud-plea

According to Foresight News, Metaplanet has announced its financial results for the second quarter, showcasing substantial growth across various metrics. The company reported revenue of 12.39 billion yen (approximately 8.4 million USD), marking a 41% increase compared to the previous quarter. Gross profit reached 8.16 billion yen (around 5.5 million USD), reflecting a 38% rise quarter-on-quarter. Operating profit surged to 174 billion yen (approximately 117.8 million USD), a significant turnaround from the previous year's loss of 6.9 billion yen. Net profit also saw a remarkable improvement, reaching 111 billion yen (about 75.1 million USD), compared to a loss of 5 billion yen in the same period last year. The company's total assets grew by 333% quarter-on-quarter, amounting to 238.2 billion yen (approximately 1.61 billion USD). Net assets increased by 299%, totaling 201 billion yen (around 1.36 billion USD). These figures indicate a robust financial performance and a strong position for Metaplanet moving forward.

Treasury Secretary Scott Bessent calls for 50 basis point Fed rate cut in September following "incredible" inflation report as crypto markets position for extended rally with cut odds surging to 96%. source: https://cryptonews.com/news/treasury-secretary-bessent-calls-for-50-bps-fed-rate-cut/

Perplexity AI has made a $34.5 billion offer to buy Google’s Chrome browser as Google faces possible antitrust action in the US. Google has not responded, and many believe Chrome is worth far more than the bid.

The U. S. government ran a massive $291 billion deficit in July even as customs duty collections soared nearly $21 billion thanks to Trump’s tariffs. source: https://www.cryptopolitan.com/u-s-posts-291-billion-july-deficit/

What is Tempo? What can Stripe and Paradigm bring to Tempo? Why are these two giant companies so focused on Tempo?

US spot Ethereum exchange-traded funds (ETFs) attracted $523. 9 million in net inflows on Tuesday. BlackRock’s ETHA led with $318. 67 million in net inflows, followed by Fidelity’s FETH at $144 source: https://coinjournal.net/news/us-spot-ethereum-etfs-record-523-9m-in-inflows-after-record-breaking-session/

The family of late AI researcher and OpenAI whistleblower Suchir Balaji is leveraging the power of crypto to fight for answers following the tragic death of their son in 2024.

SWIFT, Stablecoins, Stablecoins: The End of SWIFT? Golden Finance: A revolution in international payments is quietly underway.

Control, value capture, compliance, and the trillion-dollar stablecoin opportunity.

Terraform Labs co-founder Do Kwon has finally pleaded guilty on two felony counts of wire fraud and conspirary to defraud.

Binance has joined the T3+ coalition and helped freeze $6 million from a pig-butchering crypto scam. The exchange is actively working with other industry players to track and stop illegal blockchain activity in real time.

Stablecoin usage and supply will grow significantly, but does a dedicated settlement and payment chain for stablecoins make sense?

Dan Morehead: BTC will still rise by another order of magnitude, approaching $1 million, which will be the last time Bitcoin sees a 10-fold increase.