Bitcoin, that digital dragon, decided to lift its head from the volcanic lava of volatility and climbed above $116,000, as if to say, “Look, I am alive and kicking, and perhaps a tad delirious.” Elsewhere, oil hovered around $64-probably pondering its own existence-and Treasury yields didn’t move much, because who needs excitement when the tariffs are dancing?
According to the sage scribes of SoSo Value, the Ethereum ETFs saw a net outflow of $465.06 million on August 4, a sum that would make even the most stoic banker raise an eyebrow. This was their largest outflow since their grand debut last year, a debut that seemed more like a triumphant entrance onto the stage of finance. Yet, just a few days prior, on August 1, these same funds experienced a net outflow of $152.26 million, marking the end of a 20-day streak of inflows, as if the market decided to play a cruel game of hide-and-seek with investors’ hearts.
Why the splurge? Apparently, stablecoins are now the “it” accessory for cross-border payments. Fancy transferring your dollars to Aunt Rita in Spain without also transferring your will to live in a slow bank line? Ripple thinks they have the answer. 💸🌎
According to DefiLlama, Hyperliquid didn’t just set a new monthly record; it practically moonwalked into the history books. This milestone marks a turning point as traders increasingly ditch their centralized crypto exchanges (CEXs) like old socks 👕, opting instead for the freedom of decentralized platforms.
Turns out, the OGs like Castle Island and shiny new players like Anchorage, Amber Group, and sats Ventures think BOB is the new hotness. Because who wouldn’t want to be part of the future where Bitcoin rules the DeFi playground? Nic Carter from Castle Island had the audacity to say,
The White House, in its latest dramatic production, has laid out a series of recommendations for the regulation of digital assets, a script that calls for the Commodity Futures Trading Commission (CFTC) to take the helm in overseeing spot markets for “non-security” digital assets. A move, one might say, as bold as it is necessary.
For those who fancy themselves as the Robin Hoods of blockchain, the Ministry barks loudly from the rooftops that they’ve already scooped up ₹705 crore in VDA taxes for FY23 and FY24, while covertly sneaking an additional ₹630 crore during raids-like crypto pirates on a fiscal treasure hunt. Cryptos, NFTs, and the like are taxed at a princely 30%, a rate that would make even the boldest libertarian twitch-plus a 4% cess and a charming 1% TDS on every teetering trade, because what’s life without a little deductible drama? 🤺
Four days those jurors wrestled with their consciences, like mules pulling against a heavy plow. They couldn’t agree on all charges, leaving two counts deadlocked while convicting him on one: conspiracy to operate without a license. Oh, what tangled webs we weave when crypto meets regulation!
Ah, XRP. The cryptocurrency equivalent of a rollercoaster designed by someone who hates seatbelts. After a sluggish start to the year, it decided July 2025 was the perfect time to remind everyone it exists, surging 70%. This follows a November 2024 breakout that made people briefly consider quitting their jobs to become full-time crypto traders. At press time, XRP was trading at $3, which is impressive until you remember it once cost less than a cup of coffee. Over the past week, though, it dropped just over 4%, proving that even digital coins have mood swings.
Ah, decentralized finance (DeFi), that fickle friend, seems to be regaining its footing, with stablecoin activity hitting a new high. Who would have thought?
