According to BlockBeats, Elon Musk's role as head of the "Department of Government Efficiency" has impacted his wealth more significantly than anticipated. The Bloomberg Billionaires Index reports that Musk's fortune has decreased by over $75 billion this year, reducing his net worth to approximately $357 billion, a substantial drop from its peak of over $450 billion at the end of 2024. The decline is primarily attributed to the performance of his 13% stake in Tesla, whose stock has fallen nearly 20% this year. Musk's lead as the world's richest person is being challenged by competitors such as Oracle founder Larry Ellison and Meta CEO Mark Zuckerberg. Currently, the wealth gap between Musk and Ellison has narrowed to about $54 billion. Oracle has experienced explosive growth due to its AI strategy and cloud computing business, with its stock rising over 50% this year, significantly boosting Ellison's wealth. If this trend continues, Musk is at risk of losing his title as the world's richest person by the end of the year.

According to Foresight News, British man James Howells, who lost a hard drive containing £6.2 billion worth of Bitcoin, has announced plans to tokenize the wallet. Over the past 12 years, Howells has made numerous attempts to engage with the Newport City Council, including public proposals, percentage splits, mediation, legal actions, and offers exceeding £25 million, all of which were ignored. Howells has decided to proceed without seeking permission and intends to convert the wallet's 8,000 BTC into 800 billion Ceiniog Coin (INI) tokens. These tokens will be matched 1:1 with the value of Satoshi, based on Bitcoin, and driven by OP_RETURN. The integration will include Stacks, Runes, and Ordinals, with the launch expected later in 2025.

According to Foresight News, Solana Mobile announced via Twitter that its second smartphone, the Seeker, began shipping on August 4. The company is distributing tens of thousands of devices to over 50 countries and regions worldwide. Customers are advised to be patient as their orders will arrive in the coming weeks. Previously, Foresight News reported that the Seeker will introduce a new token, SKR. This token will be directly available to builders and users participating in the ecosystem.

On Aug 05, 2025, 01:08 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,700 USDT benchmark and is now trading at 3,704.600098 USDT, with a narrowed 4.50% increase in 24 hours.

According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has issued new staff guidance indicating that certain stablecoins may be treated as cash equivalents. This development comes as the SEC continues to formulate regulatory rules for crypto securities. Under the leadership of SEC Chairman Paul Atkins, the commission is gradually reversing some stringent policies, including previous accounting guidance that was seen as a barrier for traditional lending institutions entering the crypto market. The latest guidance specifies that holding certain dollar-pegged stablecoins, which have guaranteed redemption rights and are anchored to another asset class, can be classified as cash equivalents. This move is part of the SEC's broader efforts to integrate cryptocurrency into existing financial frameworks.

North Korean hacker groups escalate attacks on cloud systems, compromising cryptocurrency infrastructure globally, with significant financial losses by 2025. source: https://coincu.com/352638-north-korean-hackers-crypto-cloud

The program, unveiled by Acting Chair Caroline D. source: https://coindoo.com/cftc-fast-tracks-plan-to-list-spot-crypto-on-futures-exchanges/

Mary Daly said the U. S. may need more than two interest rate cuts this year due to a slowing job market. source: https://www.cryptopolitan.com/daly-says-three-rate-cuts-may-be-needed/

الرؤى الرئيسية: سجل سعر الإيثريوم انتعاشًا كبيرًا اليوم بعد تراجع قصير الأسبوع الماضي. والجدير بالذكر أن الزخم الكئيب الذي شهده الأسبوع الماضي يأتي وسط عمليات البيع المسجلة في سوق العملات الرقمية الأوسع نطاقًا، ناهيك عن كبار اللاعبين في مجال الأصول الرقمية. source: https://www.thecoinrepublic.com/ar/2025/08/04/%d9%87%d9%84-%d9%8a%d9%85%d9%83%d9%86-%d8%a3%d9%86-%d9%8a%d8%b5%d9%84-%d8%b3%d8%b9%d8%b1-%d8%a7%d9%84%d8%a5%d9%8a%d8%ab%d9%8a%d8%b1%d9%8a%d9%88%d9%85-%d8%a5%d9%84%d9%89-4000-%d8%af%d9%88%d9%84%d8%a7/

According to Foresight News, the White House is preparing to sign an executive order aimed at preventing banks from terminating customer services based on political affiliations or involvement in cryptocurrency activities. The draft order instructs regulatory bodies to investigate whether banks have violated relevant laws, with potential penalties for offenders. The order could be signed as early as this week.

Dark Forest (DARK) is an Ethereum-based cryptocurrency with 5,000,000 tokens and 0 in circulation. Private transactions are offered, and further research is needed regarding its lack of circulating supply.