Can you trademark a non-fungible token? The courts are scratching their heads and saying, “Well, maybe!” Old brand protection laws are being twisted and contorted to fit a new digital world, much to the delight of lawyers everywhere. 🤓
The wise fools at Animoca declare this hybrid concoction, birthed by Canary Capital, shall allocate 80-95% of its treasure to the PENGU token and a mere 5-15% to the Pudgy Penguins NFTs. A collection once but a fleeting fancy in 2021, ’twas rescued from obscurity by the enterprising Luca Netz in 2022. 🦸♂️
AllUnity’s big moment: launching EURAU, a stablecoin so legit it’s fully reserved and adheres to every regulation known to man. Think of it as the Swiss Army knife of digital euros—wise, regulated, and here to save the day for digital transactions across Europe, without the risk of turning into digital dust.
And what does it all serve? To preserve America’s vaunted leadership, they say, a shining beacon amid the chaos—yet one wonders if they see themselves as lighthouse keepers or just another flickering flame doomed to drown in their own smoke. As Atkins intones, the plan is to “reshore” the businesses that fled, escaping the storm of regulation-by-enforcement—like some modern-day exodus, only with less Moses and more paper.
On Wednesday, July 30, the crypto ETF market played a game of contrasts. Bitcoin ETFs hauled in a hefty $47.04 million—like a dog with a bone—mostly because Blackrock and Bitwise decided to put their best foot forward.
Ah! The marvel that is IKA. It dares to address what has long perplexed the most diligent in this sphere—the notorious cross-chain interoperability. A problem, some say, akin to trying to teach a cat to dance; yet, IKA claims to make it as simple as a promenade in Bath.
Peruse the Q2 2025 attestation by BDO, and you’ll find Tether’s financial reserves are not only sufficient to back its USDT stablecoin but also to fund a rather lavish picnic in the park. Total assets? $162.57 billion. Liabilities? A mere $157.11 billion. The difference? A tidy £5.47 billion, which one suspects is stashed in a vault somewhere, awaiting the next market crash. 🏦
Meanwhile, traders riding the leverage rollercoaster experienced a delightful spectacle of liquidations—over $200 million of borrowed bravado bravely bowed out in just under an hour. Bitcoin dipped below $116K, Ethereum took a modest 3% tumble, then—like a stubborn phoenix—both staged a partial comeback, much to everyone’s relief (or chagrin).
Imagine it: institutions, which would normally shudder at the mention of “blockchain,” now frolic giddily into Ethereum ETFs like merchants at a fair. These ETFs are soaking up cash at a pace that would make even the greediest shopkeepers blush, drawing in $65 million in daily inflows and totaling $21.5 billion in management. The SEC, in a rare flash of whimsy, has blessed the scene with an in-kind creation/redemption model, letting investors dodge taxes with all the elegance of a mustachioed civil servant tip-toeing past duties.
So here we are, with the SHIB token wobbling around at $0.000013 on Thursday, having fallen from its high of $0.00001600 earlier this month. Still, it’s clinging to a respectable 32% rise from its lowest point this month. Not too shabby for something people once joked about as “dog money.” 🐶💰