According to PANews, El Salvador is set to introduce 'Bitcoin Banks,' potentially becoming the first country in the world to establish such institutions. This development was announced by Bitcoin Office (@bitcoinofficesv) on the X platform, highlighting the nation's ongoing commitment to integrating cryptocurrency into its financial system.

Key Takeaways:Binance teams up with Spanish banking giant BBVA to offer off-exchange asset custody.The move comes amid growing institutional demand for independent custodianship following past exchange failures.BBVA becomes one of a small number of traditional banks working directly with crypto exchanges.Partnership reflects a shift in traditional finance's approach to crypto amid evolving global regulations.Binance, the world’s largest cryptocurrency exchange by trading volume, has partnered with BBVA, Spain’s third-largest bank, to allow customers to store digital assets off-exchange using independent custody solutions.According to Financial times, BBVA has begun acting as an independent custodian for select Binance clients, marking a significant step toward addressing long-standing user concerns about centralized exchange risks.The partnership comes nearly two years after Binance faced record fines from U.S. regulators and as the crypto industry continues to rebuild trust in the wake of FTX’s collapse in late 2022, which left billions in customer funds frozen in bankruptcy proceedings. The event triggered a mass movement by investors to seek third-party custody for their crypto assets.Traditional Finance Embraces Crypto CustodyBBVA’s collaboration with Binance demonstrates the increasing openness of traditional financial institutions to support crypto infrastructure — especially in the wake of regulatory advancements in both the U.S. and European Union. Recent laws, including the EU’s MiCA framework, have created clearer guidelines for digital asset operations, making it easier for legacy banks to partner with crypto platforms.This deal also reflects Binance’s effort to rebuild institutional confidence and provide its users with enhanced security options, particularly those wary of leaving assets vulnerable to exchange-level risks.

According to Foresight News, blockchain security firm CertiK reported that CrediX experienced a cyberattack resulting in a loss of $4.4 million on August 4. Since the incident, CrediX's website has remained offline, and its social media account is currently inactive.

According to BlockBeats, multiple independent sources have reported that Bao Fan, the founder of Hong Kong-listed company Huaxing Capital Holdings (01911.HK), has recently reappeared. Bao Fan was unexpectedly taken away by authorities in February 2023, causing a stir in the venture capital community. Since then, no official updates on the case or investigation have been disclosed by the authorities. Huaxing Capital has stated that Bao Fan is no longer involved in the daily management and operations of the group, and his personal life is considered a private matter, on which the company will not comment further. Market data from RockFlow indicates that Huaxing Capital Holdings' stock closed up 16.84% today. The company plans to invest $100 million in the Web3 and cryptocurrency sectors.

The move comes amid growing demand for enhanced security and efficient trading, with other crypto exchanges exploring similar solutions. source: https://www.theblock.co/post/366135/binance-bbva-client-assets-off-exchange?utm_source=rss&utm_medium=rss

Animoca Brands partners with Standard Chartered to launch Anchorpoint Financial joint venture targeting Hong Kong's first stablecoin issuer license as global market hits $261B following 22-month growth streak. source: https://cryptonews.com/news/animoca-brands-partners-with-standard-chartered-to-launch-hong-kong-stablecoin-venture/

China instructs brokerages to halt stablecoin research and promotions to manage risks. source: https://coincu.com/353387-china-halts-stablecoin-research

According to PANews, a recent report by 10x Research highlights the challenges facing the current market, including compressed volatility, seasonal weakness, and a lack of macroeconomic drivers, casting doubt on the sustainability of the ongoing rebound. U.S. President Donald Trump's recent actions to expand 401(k) account access to cryptocurrencies and increase attention on gold may influence market sentiment, although the response has been relatively muted so far. Meanwhile, Ethereum has shown record-breaking address activity and price increases, driven more by narrative than fundamental support. Both assets are at critical technical boundaries, with future momentum potentially accelerating or significantly stalling.

SatLayer (SLAY) will be listed on Binance Alpha starting August 11, 2025.Users will be able to claim SLAY airdrops using Binance Alpha Points after trading opens.Full airdrop mechanics and eligibility requirements will be announced soon via the Alpha Events page.Binance Alpha has announced the upcoming listing of SatLayer (SLAY), set to go live on August 11, 2025 (UTC+8). The listing will open up new trading opportunities for Alpha users and will be accompanied by an airdrop campaign, although specific details are still pending.According to the announcement, users holding Binance Alpha Points will be able to participate in the SLAY airdrop once trading begins. The distribution will be available through the Alpha Events page, with full instructions and eligibility criteria to be published ahead of the launch.The addition of SatLayer to the Binance Alpha ecosystem highlights the platform’s continued support for early-stage blockchain projects and token distribution through community incentives.

According to Foresight News, Bao Fan, the founder of China Renaissance, has resurfaced after being detained by authorities in February 2023. Multiple independent sources confirmed to Caixin that Bao has recently been released. On the same day, China Renaissance responded to Caixin, stating that Bao Fan is no longer involved in the daily management and operations of the group, and his personal life is considered private, with no further comments from the company.China Renaissance's business operations remain normal, with the executive committee fully responsible for advancing the group's strategic initiatives. This year, the company plans to expand its Hong Kong Securities and Futures Commission licenses 1, 4, and 9 to include digital asset services, while increasing investments in Web3 and Real World Asset (RWA) infrastructure.

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.

U.S. senators sound the alarm on DeepSeek, a Chinese model accused of spreading dangerous content and enabling foreign surveillance.

Trump rewrote 401(k) rules, opening the private market to 90 million savers.

Hong Kong's RWA registration platform and stablecoin legislation are redefining the relationship between "assets" and "currency", and also reflect Hong Kong's ambition to reconstruct financial infrastructure and regain financial discourse power in the global Web3.0 wave.

DeFi: 7 charts to understand the current state of DeFi in 2025 Golden Finance: Current DeFi market status and trends

In his latest podcast conversation, Ethereum founder Vitalik delved into the biggest problems and opportunities facing the network's future.