Crypto Industry News & Market Trends

Trump Media, Crypto.com end $6.42B CRO treasury deal

Trump Media & Technology Group is pulling back from one of its biggest crypto expansion plans less than a year after announcing it.　　SummaryTrump Media, Crypto.com and Yorkville terminated the proposed $6.42 billion CRO treasury combination on Friday.Truth Social will market Crypto.com prediction products instead of directly integrating prediction markets into platform.The canceled treasury expected $1 billion in CRO plus a $5 billion Yorkville equity line.Trump Media is prioritizing its pending TAE merger, which it hopes to close during 2026.Separate ETF servicing plans involving Crypto.com were also canceled, while Yorkvilles existing funds remain unchanged.　　On Aug. 7, Trump Media, Crypto.com and Yorkville Acquisition Corp. Mutually terminated their proposed business combination to establish Trump Media Group CRO Strategy, a company designed around a multibillion dollar Cronos treasury. The companies cited “prevailing market conditions” and changing business and stakeholder priorities.　　JUST IN: Trump Media cancels $CRO treasury deal with Cryptocom　　The company cited market saturation as the reason for ending the planned partnership pic.twitter.com/AFfI1Kn0gD　　— crypto.news (@cryptodotnews) August 8, 2026　　The decision comes as Trump Media shifts attention toward its media operations and pending merger with TAE Technologies. The all stock TAE transaction was valued at more than $6 billion when announced in December 2025. Meanwhile, Trump Media

08-09Industry

Galaxy says Ethereum, Solana may rethink token inflation models

Galaxy Research Vice President Lucas Tcheyan said on Aug. 7 that Ethereum and Solana are confronting a similar policy question: how much token issuance is needed to pay for network security, and when does that security budget become more costly than useful？ The debate is moving through proposal processes on both networks, but neither blockchain has approved an inflation change.　　SummaryEthereums tapered issuance proposal is now EIP-8363, after editors reassigned its initially reported proposal number.EIP-8363 would burn rising validator rewards and remove issuance incentives near a 50% staking ratio.Solanas SIMD-0550 would double annual disinflation to 30%, cutting projected emissions by 18.9 million SOL.Solana governance requires two-thirds support from decisive stake after proposals complete an eleven-epoch voting process.Galaxy says both networks are reassessing security budgets, with no final inflation changes approved yet.　　One important update concerns Ethereum‘s proposal number. Galaxy initially referred to the Tapered Issuance Burn proposal as EIP-8361. Ethereum’s EIP editors later assigned it EIP-8363 because EIP-8361 had already been allocated elsewhere. The EIP-8363 pull request remained open as of Aug. 9, and an editor requested changes on Aug. 6.　　Galaxy Research: Ethereum, Solana Reconsider Inflation Schedules　　Galaxy Research Vice President Lucas Tcheyan said that Ethereum and Solana are facing the same key

08-09Industry

XRP Ledger Loses 90% of Volume, But This Drop Is Not Critical

XRP Ledger has recorded a sharp contraction in payment volume after another temporary burst of unusually high activity. Daily payment volume briefly exceeded 600 million XRP on August 7 before collapsing toward comparatively negligible levels by August 9. From the local peak, the decline approaches 90% and could initially look like a major deterioration in network usage.　　XRPs payment volumes are finally back　　Over the past month, XRP Ledgers payment volume has been incredibly erratic, with frequent short-lived spikes followed by returns to baseline activity. In August, there was yet another surge. XRP Ledgers volume hit roughly 614.9 million XRP. There was no consistent rise in payment activity as a result of either move.　　XRP/USDT Chart by TradingView　　This is significant because, rather than the disappearance of established transaction demand, the most recent 90% decline primarily reflects normalization from an abnormal peak. Before the move could plausibly point to a structural decline in network usage, XRP Ledger would need to stay at low levels for a significant amount of time.　　The price of XRP is still under pressure. The price chart paints a worse picture. XRP is trading at about $1.036 and is below every significant moving average displayed on the daily chart. The larger

08-09Industry

11-Year-Old Ethereum ICO Whale Makes First Move in 7 Years

An Ethereum whale with a history dating back to the 2015 initial coin offering (ICO) has abruptly resumed activity, shifting a portion of a position that had been idle for about seven years. The address is especially noteworthy because it is one of the networks oldest identifiable holders, having initially amassed 40,000 ETH during Ethereums early stages.　　Ethereum balance isnt stabilizing　　But rather than the whales ETH balance, the most recent move concerns its Maker (MKR) holdings. The investor amassed 7,020.84 MKR between September 2018 and May 2019 at an average acquisition price of roughly $828.92, according to the on-chain data that was supplied.　　The original cost of the entire position was approximately $5.81 million. The whale moved 3,510.42 MKR to a new address after being stationary for years. The transferred position carries about $1.51 million in unrealized profit and is valued at about $4.41 million at the reported market price. Importantly, the tokens have simply relocated to a different address.　　ETH/USDT Chart by TradingView　　As of right now, there is no proof that they were sold or deposited on an exchange. The transaction is less bearish than a direct exchange deposit because of this distinction. Transferring assets between private addresses may indicate changes in

08-09Industry

MARA pledges 18,750 BTC for $600M in new loans

MARA Holdings secured $600 million of new borrowing on Aug. 4 after pledging 18,750 BTC worth about $1.2 billion as initial collateral, according to its Aug. 6 quarterly filing with the U.S. Securities and Exchange Commission.　　The financing came from Coinbase Credit and Two Prime Lending as MARA directs more capital toward energy assets, Bitcoin mining, artificial intelligence and high performance computing.　　The loans were completed after the June quarter, when MARA reported holding 35,577 BTC with a fair value of about $2.1 billion. The pledged 18,750 BTC therefore equals roughly 53% of its reported quarter end Bitcoin holdings. MARA said it “expects to use the proceeds” for general corporate purposes, including financing part of the cash consideration for its planned Long Ridge Energy & Power acquisition.　　MARA pledged 18,750 Bitcoin as collateral for $600M in new borrowing. ????　　That equals about 53% of its 35,577 $BTC holdings.　　The loans were arranged through Coinbase Credit and Two Prime Lending. pic.twitter.com/iVti2eWxQV　　— CryptosRus (@CryptosR_Us) August 9, 2026　　MARA gets $600M while refinancing another $150M　　Although the two facilities carry $750 million of combined principal, only $600 million represents new borrowing. Coinbase provided a $450 million facility consisting of $300 million in fresh funding and the refinancing of MARAs existing

08-09Industry

Whales Pile Into XRP: 380 Million Coins Defend $1 Psychological Floor

While XRPs price remains stuck in place, wearing down retail investors nerves, major players have pulled off a stealth maneuver. In just one week, they snapped up more than 380 million XRP, increasing their combined balance to 8.13 billion coins.　　Data from Santiment confirms that whales are literally building a wall of money to keep the price from falling below the key $1 mark.　　Big money is clearly acting ahead of the curve after spotting a strong trigger on the charts, as analyst Ali Martinez pointed out that XRP has formed a rare buy signal from the Tom DeMark (TD) Sequential indicator on the monthly timeframe.　　This pattern is a rare sight, but it has been surprisingly accurate. Over the past six years, it predicted two of XRPs biggest rallies: a 1,074% surge in April 2020 and a 973% increase in August 2022. When the indicator produced a sell signal in April 2025, traders exited in time before a 57% collapse.　　The current whale buying proves that they are betting on history repeating itself.　　XRP supply squeeze meets regulatory gridlock at $1.06　　However, buyers will have to dismantle a real barricade before XRP can fully take off. The main battle will unfold at $1.06, as blockchain

08-09Industry

Brazil sets 24-hour hold on $10,000 crypto transfers

Brazil‘s central bank has ordered virtual asset service providers to hold certain crypto transfers for up to 24 hours from Jan. 1, 2027, adding a new anti-fraud layer to the country’s expanding digital asset rulebook.　　Banco Central do Brasil published Resolution BCB No. 584 on Aug. 7, covering transfers above $10,000 destined for foreign crypto providers or self-custody wallets.　　JUST IN: Brazils central bank plans 24-hour delay on crypto transfers over $10,000　　The anti-fraud rule targets moves to foreign exchanges and self-custody wallets pic.twitter.com/wxGMpKMMmO　　— crypto.news (@cryptodotnews) August 9, 2026　　The threshold applies either to one transaction or a customer‘s combined transactions during the same day. Smaller transfers can also face additional review when a provider’s risk policies identify reasons for closer scrutiny. The central bank said the measure responds to growing use of virtual assets, including stablecoins, to move proceeds from financial fraud quickly, sometimes beyond Brazil or into wallets controlled directly by users.　　Brazil crypto transfers will face new checks　　Under the central banks new anti fraud rules, a covered provider must retain the assets for 24 hours before proceeding with qualifying transfers. However, the measure is precautionary rather than a permanent freeze. A provider can complete its risk review and release the transfer before

08-09Industry

10,684,707 SHIB Burned With Shiba Inu Burn Rate Surge of 439%

In a recent hourly update, Shibburn reports that a total of 10,684,707 SHIB were burned in the last 24 hours, with the daily burn rate surging 439.79%. This marked an increase from the previous day, causing the burn rate to increase more than 3x.　　The over ten million SHIB tokens burned in the last 24 hours added to a cumulative total of 173.37 million burned in the last seven days. In the last 30 days, over 3.36 billion SHIB were burned, with the burn rate skyrocketing 2811.38% in this timeframe. A total of 410,843,703,896,181 SHIB has been burned in 21,502 transactions, according to the Shibburn website.　　At the time of writing, SHIB was down 1.26% in the last 24 hours and 7.38% weekly. The majority of cryptocurrencies were posting modest gains on a weekly basis after the Senate confirmed it would not vote on the Digital Asset Market Clarity Act before leaving for its August break.　　The bill, which would clarify which U.S. regulator oversees which digital assets, requires 60 votes to pass, and it is unclear whether it has received 50.　　Next week brings the U.S. employment report and July inflation data. The Federal Reserve held rates steady at 3.50% to 3.75% in

08-09Industry

87.5 Trillion: New Reality for Shiba Inu (SHIB) Is Established

With 87.5 trillion tokens of SHIB held on trading platforms, Shiba Inu is entering a new stage of its exchange activity. Exchange reserves are 87.5252 trillion SHIB according to the most recent on-chain data, a decrease of 0.18% over the previous day. More significantly, the seven-day chart indicates that reserves are declining following a significant period of accumulation.　　Too big to rally　　The shift is significant because exchange reserves quantify the readily available supply that is stored in wallets under exchange control. While persistent withdrawals lower the amount of SHIB that is easily accessible for trading, rising reserves may increase potential sell-side liquidity. However, the absolute supply is still very large at 87.5 trillion SHIB, so the most recent decline should not automatically be seen as a supply squeeze.　　SHIB/USDT Chart by TradingView　　A much stronger signal is provided by netflow data. With a 24-hour decline of 4.73%, SHIBs total exchange netflow is currently at about -159.4 billion tokens. Withdrawals exceeded deposits during the measured period, which is known as a negative netflow. In contrast, exchange inflows have changed by just 0.04% to 231.187 billion SHIB. Exchange reserves dollar value has decreased more quickly than the token balance.　　Shiba Inu reserves stay too high　　The USD

08-09Industry

Stripe-owned Bridge joins EU MiCA register after Luxembourg approval

Bridge Building, the Luxembourg-based entity behind Stripe-owned stablecoin infrastructure company Bridge, has joined the European Unions Markets in Crypto-Assets Regulation (MiCA) register after receiving regulatory approval in Luxembourg.　　Bridges inclusion brings the number of MiCA-authorized electronic money token (EMT) issuers in the EU register to 42, according to the latest European Securities and Markets Authority (ESMA) update published on Wednesday.　　The addition came weeks after Bridge announced on July 2 that it had secured a Crypto-Asset Service Provider (CASP) authorization under MiCA and an Electronic Money Institution (EMI) licence from Luxembourg‘s Commission de Surveillance du Secteur Financier. Bridge’s Head of Product, Mai Leduc Blount, said the approvals allow businesses in the EU to build stablecoin and payment products under a regulated framework.　　The same ESMA update added three new CASP entries from Germany, including Volksbank Die Gestalterbank, VBU Volksbank im Unterland and VR-Bank Erding, bringing the total number of authorized CASPs in the EU register to 324.　　The update showed no changes to asset-referenced token authorizations, with no ART issuers listed. The list of non-compliant crypto asset companies was also unchanged.　　ESMA has published more frequent updates to its MiCA register in recent weeks, with several updates in July.

08-09Industry

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