Crypto

Galaxy Digital added over 4,200 BTC in the second quarter, helping the company return to profitability after a $295 million loss in Q1. Galaxy Digital reported a net income of $30.7 million for the second quarter of 2025, reversing the $295 million loss recorded in the previous quarter. The digital asset and infrastructure company cited gains in balance sheet holdings and a strong performance from its global markets division as key drivers of the recovery, according to a Tuesday news release. The quarter ended with Galaxy’s Bitcoin holdings increasing to 17,102 Bitcoin (BTC), valued at $1.95 billion. The company held 13,704 BTC at the end of the first quarter, suggesting that it added 4,272 BTC in Q2, the company disclosed in a financial supplement. Read more

The trading platform combines spot, perpetuals and yield strategies into a single interface, aiming to offer CEX-like speed with DeFi transparency.

Tokenized Treasuries such as FT's BENJI are being increasingly used for collateral and settlement as real-world asset adoption spreads.

With 19 EU member states backing it, the Chat Control proposal could mandate pre-encryption message scanning on apps like WhatsApp and Signal by October. A controversial European Union proposal dubbed “Chat Control” is regaining momentum, with 19 out of 27 EU member states reportedly backing the measure. The plan would mandate that messaging platforms, including WhatsApp, Signal and Telegram, must scan every message, photo and video sent by users starting in October, even if end-to-end encryption is in place, popular French tech blogger Korben wrote on Monday. Denmark reintroduced the proposal on July 1, the first day of its EU Council presidency. France, once opposed, is now in favor, Korben said, citing Patrick Breyer, a former member of the European Parliament for Germany and the European Pirate Party. Read more

Centralized crypto exchange Coinbase is set to raise $2 billion in convertible senior notes, as COIN sagged in pre-market trading.

Upexi increased its holdings of Solana's sol by 172% in July, reaching over 2 million SOL.

Coinbase plans to raise over $2 billion in a dual-tranche offering to fund future investments and stock buybacks. Coinbase may become the first company in the S&P 500 index to acquire Bitcoin from the proceeds of a private note offering, signaling further capital migration from traditional markets into digital assets. Coinbase, the world’s third-largest cryptocurrency exchange, announced Tuesday a $2 billion convertible senior note offering for “qualified institutional buyers,” with $1 billion worth of notes due 2029 and $1 billion due 2032. “The notes will be senior, unsecured obligations of Coinbase and will accrue interest payable semi-annually in arrears,” the company said in the filing. The interest rate and conversion terms will be determined upon final pricing. Read more

Chainlink co-founder Sergey Nazarov said the Chainlink Runtime Environment could be as transformative as the Ethereum Virtual Machine. Chainlink co-founder Sergey Nazarov said the recently launched Chainlink Runtime Environment (CRE) may have a transformative effect on the blockchain industry like that of the Ethereum Virtual Machine (EVM). In a YouTube video published on Monday by Chainlink, Nazarov said the CRE “can have the same impact that the EVM had on the blockchain industry.” The EVM, introduced by Ethereum, enabled Turing-complete smart contracts, which reduced development time to weeks from months by allowing developers to use loops and state-based operations, capabilities unavailable in Bitcoin Script. Nazarov said the smart contract development ecosystem is complex and has become a web of interconnected on- and offchain systems. Chainlink’s CRE, he said, adds a layer of abstraction that makes managing this complexity easier for developers. Read more

Lancashire Police seized stolen funds that criminals had converted to Bitcoin—but British law prevents victims from being overpaid.

Your day-ahead look for Aug. 5, 2025

Experts reveal why retail investors remain underallocated while institutions amass billions in Ethereum.

The Treasury’s FinCEN flagged a sharp rise in scams involving crypto kiosks, with victim losses nearing $247 million in 2024.

XRP is repeating technical patterns from its early 2025 rally, pointing to a potential surge toward the $3.75–$4.00 range. Key takeaways: XRP is mirroring a bullish fractal that led to a 70% rally earlier this year. Price eyes a 20% breakout from a falling wedge, targeting $3.75 in August. Read more

A Welshman has tried “everything humanly possible” to recover his $923M BTC from a landfill and failed. Now he’s launching a Bitcoin layer-2.

Bitcoin investors have seriously contrasting views on “buying the dip” at current levels, with treasuries adding while ETFs reduce BTC exposure. Key points: Bitcoin corporate treasuries added 630 BTC to start the week, continuing a month-long inflow trend. The move contrasts with an ongoing sell-off among the Bitcoin ETFs, which sold nearly $300 million Monday. Read more

After a month of record-breaking inflows, US spot Ether ETFs saw their largest-ever daily outflow of $465 million on Monday, led by BlackRock’s iShares Ethereum Trust. United States spot Ether exchange-traded funds (ETFs) recorded almost half a billion dollars in daily net outflows on Monday, marking their highest in a single day since launch, according to data from investment firm Farside Investors. Farside Investors’ data shows that spot Ether (ETH) ETFs had net outflows of $465 million on Monday, their second day of outflows since breaking a 20-day inflow streak on Friday with net outflows of $152 million.  The sharp pullback suggests a potential shift in investor sentiment after a strong performance in July, during which spot Ether ETFs saw a record $5.43 billion in net inflows. Read more

Trump is expected to sign an executive order targeting alleged debanking of crypto firms and conservative groups.

A digitally generated avatar of Parkland victim Joaquin Oliver appeared on Jim Acosta’s show, prompting debate over the ethical use of AI.

A tech-led rebound lifted U.S. stocks and crypto, but analysts warn the rally may be fragile amid rate cut speculation and signs of froth.

The CFTC is weighing a plan to let U.S. futures exchanges host spot crypto trading, but some warn it could trigger legal and regulatory risks.