Google has dropped plans to make all crypto wallets on the Play Store get financial licences, saying non-custodial wallets are not covered by the rules. Custodial wallets and exchanges must still follow local licensing laws.

Standard Chartered has sharply raised its Ethereum (ETH) price forecast for 2025 to $7,500—an 87% jump from its earlier $4,000 estimate—driven by surging institutional demand, record-breaking ETF inflows, and new U.S. legislation set to supercharge stablecoin adoption.

According to BlockBeats, Pudgy Penguins CEO Luca Netz revealed in an exclusive interview that the company is set to collaborate with a top 100 global company, describing the upcoming partnership as "explosive news." Netz emphasized that the identity of the partner would be unexpected but assured it would be significant. Additionally, Pudgy Penguins plans to announce six more major collaborations before the end of the year. Regarding the timing of Abstract chain's token issuance, Netz stated that the launch should clearly establish Abstract as a top 4 blockchain in the crypto sector. He stressed that the token should create a wealth effect and elevate the company to new heights, rather than being issued without purpose.

Two years after Rain Lõhmus admitted he lost access to a presale wallet, the stash is now worth over a billion, at least on paper. source: https://decrypt.co/335150/estonian-bankers-lost-ethereum-wallet-now-holds-over-1-billion-in-eth

According to PANews, Real Vision's Chief Cryptocurrency Analyst Jamie Coutts recently stated on the X platform that stablecoins are set to eliminate trillions of dollars in economic friction. This development is expected to enhance merchants' net profit margins, facilitate new economic value transfers, and increase the velocity of money circulation. Concurrently, decentralized finance (DeFi) is anticipated to significantly reduce credit costs. Internal data from the International Monetary Fund supports this trend. In the United States, blockchain providers are already offering home equity lines of credit with interest rates over 100 basis points lower than traditional credit options. Currently, outstanding loans in this sector amount to $11 billion. Coutts estimates that the potential global economic value unlocked by these innovations could reach $1 trillion annually.

Shares of cryptocurrency exchange Bullish soared over 11% in Wednesday's after-hours trading following the company's successful Wall Street debut. source: https://www.benzinga.com/crypto/cryptocurrency/25/08/47112133/peter-thiel-backed-bullish-shoots-up-11-after-hours-following-blockbuster-ipo?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

According to PANews, Greenidge Generation Holdings, a Nasdaq-listed Bitcoin mining company, has released its financial results for the second quarter. The company reported total revenue of $12.9 million, with a net loss of $4.1 million. During this period, Greenidge produced a total of 110 Bitcoins. The revenue from cryptocurrency mining amounted to $4.2 million, while data center hosting services generated $6 million.

Cathie Wood-led Ark Invest buys 2. 53 million Bullish shares worth $172 million, highlighting institutional interest in crypto equities. source: https://coincu.com/354739-ark-invest-bullish-shares-purchase

Why is BitMine racing to pour billions into Ethereum while Wall Street watches closely? source: https://ambcrypto.com/bitmine-plans-20b-stock-sale-to-boost-ethereum-holdings-details/

Thumzup, a social marketing firm boasting Donald Trump Jr. as a shareholder, will spend $50 million to buy crypto and mining rigs. source: https://cointelegraph.com/news/trump-jr-tied-firm-raises-50m-crypto-buys-mining-rigs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to Foresight News, Anza, a company focused on Solana's development, announced the introduction of a new block propagation protocol called Rotor as part of the Solana Alpenglow upgrade. This single-layer repeater system replaces the multi-hop Turbine protocol, aiming to accelerate and unify network block delivery. Rotor enhances the network by fragmenting blocks, encoding them into shards, and broadcasting them globally through repeaters. This process ensures that blocks can be reconstructed with just half of the shards, reducing latency and balancing bandwidth usage. The protocol significantly decreases propagation time and variability, allowing nearly all validators to receive blocks simultaneously, which improves throughput and reduces the risk of forks caused by slow delivery or network delays. For developers, Rotor facilitates smoother real-time decentralized application (DApp) operations. For validators, it minimizes missed slots, reduces bandwidth waste, and makes network load more predictable. Previously, Foresight News reported that Anza released a white paper introducing the Alpenglow protocol. This protocol aims to replace Solana's TowerBFT consensus mechanism and historical proof timestamp system with the Votor and Rotor components.

According to BlockBeats On-chain Detection, a significant Ethereum whale has reduced their short position to prevent liquidation. As of the latest report, the whale's short position amounts to 10,000 ETH, with a liquidation price set at $5,680. The whale has already incurred a loss of $9.88 million on this 20x leveraged short position and continues to face a floating loss of approximately $18 million.

As corporate treasury reserves accumulate supply and institutional participation reshapes market demand, Standard Chartered predicts that Ethereum will jump to $7,500 by the end of the year.

Peter Thiel holds nearly 30% of ETHZilla shares, Vitalik and the Ethereum Foundation join the game, focusing on DeFi and on-chain strategies

Golden Finance has launched the 2785th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Uniswap V4, regulatory approval, v4 launch, profit-sharing experiment: It’s time to re-evaluate Uniswap. Golden Finance, the story of Uniswap seems to be entering the next stage.

Against the backdrop of strong stock market performance, gold, which was once very popular this year, is gradually falling out of favor.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

KYC, when KYT tools become "zombie systems": what you think is compliance is actually a trap. Golden Finance, lift the curtain and see the truth behind the scenes.

Unlike the tokenization of U.S. stocks that aims to move them onto the blockchain, cryptocurrency-stock companies have successfully packaged tokens in the form of stocks, and have gone public through backdoor listings, transforming themselves into backdoor listings and holding coins. The narrative of capital remains unchanged.