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According to Reuters on the 16th (local time), U.S. President Donald Trump filed a US$15 billion defamation lawsuit against The New York Times, claiming it damaged his reputation related to meme coins. Trump's side alleged that The New York Times published malicious false information that inflicted massive economic losses on Trump's brand, real estate, and business value.
On the 16th (local time), according to crypto asset (cryptocurrency) specialized media CryptoSlate, NASDAQ-listed Forward Industry (FORD) plans to tokenize its shares and put them on the Solana (SOL) blockchain. The company plans to operate all corporate activities on the SOL blockchain, including dividend payments, governance, stock splits, fundraising, and payroll. Currently, Forward Industry holds the most among companies, 6.8 million SOL. This plan is expected to become a representative case of blockchain-based corporate operations through stock tokenization.
On the 16th (local time), according to CoinDesk, a media specializing in crypto assets (cryptocurrencies), last Monday Ethereum (ETH) unstaking waiting time increased to over 46 days, setting the longest record in short-term staking history. The previous record was August 18. Currently about 2.5 million ETH (about $11.25 billion) are queued for exit. The main reason for the sharp increase in waiting time is the September 9 incident involving major staking platform Kiln. Kiln, in the aftermath of the SwissBorg incident exposed to an exploit (vulnerability attack), sequentially suspended validator activity on the network, causing about 1.6 million ETH to join the queue at once. This record is expected to directly lead to withdrawal delays for short-term staking users and increased network traffic.
On the 16th (local time), according to virtual asset (cryptocurrency) specialized media Blockworks, Filecoin (FIL) and Akave Cloud launched an S3-compatible object storage service targeting enterprises and decentralized physical infrastructure networks (DePIN). This service focuses on reducing the costs and complexity that occur when migrating from centralized cloud providers such as Amazon Web Services (AWS) and Google Cloud (GCP) to blockchain-based storage. Filecoin expects the service to accelerate companies' adoption of decentralized storage.
According to Bloomberg on the 16th (local time), the world's largest crypto exchange Binance is said to be close to an agreement with the U.S. Department of Justice that would release it from the external monitoring obligation, which was one of the conditions of the existing agreement. Last year, Binance entered a $4.3 billion (about 5.9 trillion won) settlement over alleged shortcomings in anti-money laundering (AML) regulations and was required to appoint an external monitor. However, as the Department of Justice is reportedly considering an early termination of that requirement, there is a possibility that Binance's regulatory burden could be significantly eased. Experts analyzed that this discussion is linked to a change in the DOJ's stance toward scaling back the independent monitor program that was strengthened during the Biden administration.
The UK and the US are expected to strengthen regulatory cooperation in the digital asset sector, including virtual assets (cryptocurrencies). On the 16th (local time), according to the Financial Times (FT), Rachel Reeves, the UK Chancellor of the Exchequer, and Scott Bessent, the US Treasury Secretary, discussed ways to align regulations for virtual assets and capital markets at a recent meeting. The meeting also included major virtual asset companies such as Coinbase, Circle, and Ripple, as well as global banks like Citi, Bank of America, and Barclays. The talks were reportedly hastily arranged after industry groups urged that digital assets and blockchain be included in bilateral cooperation ahead of President Trump's state visit. In particular, stablecoin regulation was treated as a key agenda item. The UK government expects this cooperation will help improve access to the US market and boost investment attraction.
On the 16th (local time), Eric Balchunas, a Bloomberg ETF analyst, said on X (formerly Twitter) "Bitwise has submitted an application for stablecoin and tokenized exchange-traded funds (ETFs)." He predicted the ETF could be launched as early as around Thanksgiving this year.
Bitcoin (BTC) briefly recovered to the $116,000 level. As of 02:05 on the 17th, BTC is trading at $116,278.68 on the Binance Tether (USDT) market, up 1.33% from the previous day.
On the 16th (local time), cryptoasset(cryptocurrency) specialist media CoinDesk reported, citing an anonymous source, that Galaxy Digital(Galaxy Digital) is preparing to launch a tokenized money market fund. The fund is expected to operate on the Ethereum(ETH), Solana(SOL), and Stellar Lumens(XLM) blockchains. Investors will be able to trade 24 hours on the blockchain and are expected to be provided with global accessibility and collateral usage features within the cryptoasset ecosystem. However, Galaxy Digital declined to make an official comment on the plan.
OnChainLens said on the 16th (local time) via X (formerly Twitter) that "a newly created wallet withdrew a total of 900.34 Bitcoin (BTC) from crypto exchange OKX over the past two days." This corresponds to about $100 million, and exchange withdrawals are generally interpreted as a buy signal for long-term holding. BTC is trading at $115,822.43, up 0.99% from the previous day, as of 01:29 on the 17th on Binance's Tether (USDT) market.
On the 16th (local time), foreign media reported that blockchain software developer Movement Labs announced it will transition to its own Layer 1 blockchain. The purposes of this transition are performance improvement, providing local staking, and the adoption of the next-generation programming language Move 2.0. Movement Labs plans to use this to expand its own ecosystem and significantly enhance developer and user experience.
On the 16th (local time), according to U Blockchain, global major centralized exchanges (CEX) spot trading volume in August increased 4% compared to July. The exchanges with the highest trading volume growth were Bitfinex (+39%), Crypto.com (+30%), BitMart (+25%). On the other hand, the exchange with the largest decline in volume was Upbit (-18%). MEXC (-15%), Gate.io (-1%) also showed decreases. Meanwhile, CEX derivatives trading volume was reported to have increased 14% over the same period.
The three major U.S. stock indexes are showing declines. The Nasdaq Composite was trading at 22,326.74 points at 00:37 on the 17th, down 0.10% from the previous day. The Dow Jones was at 45,710.57 points, down 0.38%, and the S&P 500 was at 6,603.62 points, down 0.18%.
According to Reuters on the 15th (local time), the U.S. Securities and Exchange Commission (SEC) and Gemini Trust have reached a tentative settlement in a lawsuit alleging the sale of unregistered securities. Earlier, in 2023, the SEC sued Gemini and Genesis in connection with the Gemini Earn (Earn) virtual asset (cryptocurrency) lending service, alleging they sold unregistered securities.
On the 15th (local time), according to Decrypt, a cryptoasset (cryptocurrency) specialized media, Israel's anti-terror financing authority said that the Tether (USDT) worth $1.5 billion held by the Islamic Revolutionary Guard Corps across 187 addresses should be seized. However, blockchain analysis firm Elliptic added that it is not certain whether all the wallet addresses publicly disclosed by Israel are actually linked to the Iranian military.
The three major U.S. stock indices closed higher. The Nasdaq Composite Index closed at 22,348.75 points, up 0.94% from the previous session on the 16th. The Dow Jones index finished trading at 45,884.19 points, up 0.11%, and the S&P 500 index finished at 6,617.71 points, up 0.51%.
On the 15th (local time), according to on-chain data platform Unfolded, Bitwise filed a securities registration statement (S-1) for an Avalanche (AVAX) exchange-traded fund (ETF).
On the 15th (local time), according to CryptoQuant's chief analyst Julio Moreno, healthcare and data company KindlyMD (ticker NAKA), which merged with Bitcoin (BTC) investment firm Nakamoto, saw its share price fall more than 50% intraday due to insider selling. NAKA was trading at $1.31, down 52.84% from the previous close on the U.S. Nasdaq at 4:18 AM on the 16th.
On the 15th (local time), crypto-focused media The Block reported that U.S. asset manager Strive completed the formation of its board and announced a capital plan totaling US$950 million. Strive plans to increase the per-share Bitcoin (BTC) value through a US$450 million share issuance and a US$500 million share buyback. Earlier, Strive's chief executive officer (CEO) had disclosed plans to purchase over US$700 million worth of BTC after a merger with Asset Entity.
On the 15th (local time), Bloomberg ETF analyst James Seyffart said that the Rex-Osprey XRP exchange-traded fund (ETF), expected to launch this Thursday (18th), "is not a pure spot ETF."nHe said, "This ETF is structured to obtain exposure by directly holding XRP spot and other XRP spot ETFs around the world," and explained, "The documents also mention the option to add exposure through derivatives if necessary, but this is not the primary method."nEarlier, he pointed out that this XRP ETF adopts a different structure from existing Bitcoin (BTC) and Ethereum (ETH) spot ETFs, and analyzed that it is a kind of workaround approach to more quickly pass the Securities and Exchange Commission (SEC) approval process.n
On the 15th (local time), according to cryptocurrency-focused media CoinDesk, investment bank Jefferies(Jefferies) analyzed that Bitcoin (BTC) mining profitability in August decreased by about 5% compared to the previous month due to a rise in network hashrate. According to the report, U.S.-listed mining companies mined a total of 3573 BTC in August, slightly more than July (3598 BTC). However, profitability declined due to increased mining difficulty and hashrate. U.S.-listed miners' global mining share is estimated to be about 26%. At 02:22 on the 16th, BTC was trading on the Binance Tether(USDT) market at $114,696.34, down 0.69% from the previous day.
On the 15th (local time), according to crypto-focused media CoinDesk, virtual asset (cryptocurrency) payment infrastructure company MoonPay plans to acquire payment startup Meso. However, the acquisition amount and exact timing were not disclosed. MoonPay previously acquired Solana (SOL)-based payment processor Helio for about $175 million in January, so this acquisition is also interpreted as part of its payment ecosystem expansion strategy.
On the 15th (local time), according to cryptocurrency-focused media Bitcoin.com News, MetaMask has selected payment infrastructure provider Transak as its exclusive on-ramp partner. Through this collaboration, MetaMask users in the US and Europe can directly purchase major stablecoins such as mUSD, USDC, and USDT within the app via bank transfers and card payments. MetaMask said, "to increase accessibility so that users can more easily enter the crypto asset ecosystem."
On the 15th (local time), according to on-chain data platform Unfolded, the scale of assets borrowed through virtual asset (cryptocurrency) lending applications reached $41.5 billion, marking an all-time high. The virtual asset lending market has rapidly expanded with the growth of DeFi, and, along with recent price recoveries of Bitcoin (BTC) and Ethereum (ETH), lending demand is analyzed to have increased sharply. Experts pointed out that, as loan demand increases amid high volatility, collateral management and risk mitigation strategies are becoming even more important.
On the 15th (local time), according to crypto-focused media CoinDesk, Standard Chartered (SC) head of crypto asset research Geoff Kendrick analyzed that recently listed digital asset treasury companies (DAT) have been hit by a decline in market net asset value (mNAV). Kendrick assessed that DATs holding Ethereum (ETH) have greater advantages than Bitcoin (BTC) DATs in terms of staking yields, regulatory clarity, and growth potential. He particularly projected that Ethereum DATs are more likely to show the strongest long-term resilience. He also forecasted that if mNAV continues to fall below 1, mergers and acquisitions (M&A) among DATs would intensify. In this regard, Kendrick noted, "Bitcoin DATs are more likely to place weight on competitor acquisition strategies than simple purchases," and mentioned companies like MicroStrategy as representative examples.
The three major U.S. stock indices are showing gains. The Nasdaq Composite index is trading at 22,311.05 points, up 0.77% from the previous close as of 00:01 on the 16th. The Dow Jones index is trading at 45,942.07 points, up 0.24%, and the S&P500 index is trading at 6,618.51 points, up 0.52%.
The three major U.S. stock indices closed mixed. The Nasdaq Composite rose 0.45% from the previous day on the 13th to 22,141.10 points. The Dow Jones Industrial Average fell 0.59% to 45,834.22 points, and the S&P 500 fell 0.06% to 6,583.63 points.
On the 12th (local time), Bloomberg reported that Rick Rieder, BlackRock's global head of fixed income and chief investment officer (CIO), is strengthening his position among the candidates for the next chair of the U.S. Federal Reserve (Fed) ahead of Jerome Powell's term expiration (May next year). According to the outlet, at a private meeting held in New York last Friday, Scott Bessent, U.S. Treasury Secretary, and Rieder engaged in an extensive roughly two-hour discussion on monetary policy, the Fed's organizational structure, and regulatory policy. Currently, Secretary Bessent has already interviewed 4 of the 11 publicly named candidates and plans to recommend 3–4 candidates for consideration to President Donald Trump this fall. Rieder is said to have long built his career in the fixed income (fixed income) business and to possess a deep understanding of financial firms outside the banking system. Furthermore, his ability to assess the economy based on a forward-looking framework rather than past data is highly valued.
On the 12th (local time), according to crypto-focused media Crypto Briefing, decentralized prediction market platform Polymarket is pursuing a new funding round to raise its valuation to $3 billion. This is more than three times the previous round. Polymarket appears to be seeking to leverage the surge in trading volume and user activity, driven by its prominence in the 2024 U.S. presidential election, for fundraising. The platform currently operates on the Polygon (POL) blockchain and allows betting with crypto on various real-world events including politics, economics, and culture. Amid growing investor and regulatory attention on prediction markets, Polymarket has also been the subject of investigation by U.S. authorities. However, the company continues to provide services within jurisdictions where it is permitted.
Bitcoin (BTC) briefly recovered to the $116,000 level. BTC is trading at $116,021.93 on the Binance Tether (USDT) market as of 03:15 on the 13th, up 1.45% from the previous day.