DEGEN Crypto Club

📊 Crypto CEOs Make Surprise Visit to the White House A group of crypto CEOs made an unexpected visit to the White House, signaling a new level of direct engagement between the industry and the current administration. The visit comes as open interest in crypto markets returns to pre-October levels. No further details on which executives attended or what was discussed have been confirmed in available reporting. Source Trade on Binance

🔵 Solana leads all chains in DEX volume for 16 straight weeks For the 16th consecutive week, Solana has topped every L1 and L2 blockchain in weekly decentralized exchange volume — and for 8 of those weeks, its DEX activity has outpaced centralized exchanges including Bybit, Coinbase, and Kraken. That's not a blip. On-chain trading on Solana has structurally outgrown some of the biggest CEX venues in crypto, a shift that reflects both the network's low fees and the concentration of memecoin and DeFi activity on-chain. Ethereum and its L2 ecosystem haven't closed the gap. The streak puts real pressure on the narrative that Ethereum's rollup-centric roadmap is capturing retail trading flow. Source Trade on Binance

🔵 Trader Turns $9.7K Into $282K Front-Running CZ's Wallet A crypto trader made a 29x return — roughly $9,700 into $282,000 — by tracking Changpeng Zhao's onchain wallet and front-running his BNB token burns. The wallet spent 16 BNB (~$9,645) plus ~$10 in gas to enter positions ahead of CZ's moves, according to onchain data flagged by Lookonchain. The strategy worked until it didn't. After the front-running was exposed, CZ abandoned the wallet entirely, cutting off the alpha source for good. Copy-trading public wallets of known figures is a well-worn degen play — but when the target notices, the edge disappears instantly. Source Trade on Binance

🚨 France Tax Hack Leaks 678,000 Crypto Holders' Records A cyberattack on France's tax authority has exposed personal and financial records of roughly 678,000 people. Security researchers warn the leak effectively hands criminals a pre-built list of wealthy targets — a serious threat in a country already hit by a wave of violent attacks on crypto holders. The timing is grim. France has seen multiple high-profile physical attacks on crypto figures in recent months, including kidnappings targeting family members. A database linking identities to financial holdings is exactly the kind of intelligence wrench-attack crews look for. If you're in France and hold significant crypto, this breach raises your physical threat surface — not just your phishing risk. Source Trade on Binance

📊 TradFi and crypto are merging into one sector The ideological divide that defined early crypto — "long bitcoin, short the bankers" — is collapsing. Major financial firms are now actively partnering with crypto-native specialists to build digital asset infrastructure, blurring the boundary between TradFi and DeFi into what's shaping up as a single, unified financial sector. The shift is structural, not cosmetic. Banks and asset managers aren't just buying exposure — they're building rails. For traders, this means deeper liquidity, more institutional counterparties, and a market that increasingly operates on crypto infrastructure beneath a traditional finance surface. Source Trade on Binance

📊 Bitcoin and Ethereum ETF Flows Cooled in Week Two After a strong first week of August, spot Bitcoin and Ethereum ETF flows pulled back noticeably in the second week, as initial momentum faded. The source doesn't provide specific flow figures, fund names, or directional data beyond the general cooldown narrative — so there's not much more to unpack here. Source Trade on Binance

📊 Trump to Host Coinbase, Ripple and Kraken at White House Next Week President Trump is set to meet executives from Coinbase, Ripple, Kraken and other crypto and prediction-market firms at the Eisenhower Executive Office Building on August 19 — kicking off a week of regulatory meetings in Washington. The gatherings will also include leaders from the SEC and CFTC, with the CLARITY Act — the key crypto market-structure bill — hanging in the balance. The CFTC's first advisory session follows shortly after, making the timing significant for how jurisdiction over digital assets ultimately gets carved up between the two agencies. High-level White House access for crypto firms has become a defining feature of the Trump administration's approach to the industry. Source Trade on Binance

⚖️ JPMorgan cut Polymarket over US regulatory fears JPMorgan severed its banking relationship with Polymarket last year, citing regulatory concerns at a time when the prediction market sector faced far more hostile conditions in the US than it does now. The move is now drawing scrutiny. The DOJ is actively probing major banks — including JPMorgan — for improperly closing customer accounts, putting the debanking decision under a fresh spotlight. Polymarket has since grown into the dominant onchain prediction market. The regulatory climate has shifted considerably, making JPMorgan's call look increasingly out of step with where policy is heading. Source Trade on Binance

⚖️ Ireland Launches First National AML Strategy, Crypto in the Crosshairs Ireland has unveiled its first national anti-money laundering strategy, introducing new rules for crypto assets and cryptocurrency transfers as part of a broader push to combat financial crime. The strategy targets corporate transparency and inter-agency intelligence sharing, while aligning with EU and global AML regulations. Crypto sits front and center as a key risk area under the new framework. Source Trade on Binance

⚖️ SEC cancels crypto fundraising meeting, leaving token issuers in limbo The SEC has cancelled a planned meeting on crypto fundraising, leaving token issuers without a clear regulatory path to raise capital for development. While March guidance drew a distinction between tokens and investment contracts, it stopped short of creating new exemptions. Token issuers still have to rely on existing general securities exemptions — the same framework that's been a persistent friction point for the industry. No rescheduled date has been announced. For projects that were counting on fresh regulatory clarity before their next raise, the wait continues. Source Trade on Binance

📊 JPMorgan Grows Bitcoin ETF Stake to $355.7M, Adds XRP and Ether Exposure JPMorgan Chase disclosed a $355.7 million position in BlackRock's spot Bitcoin ETF (IBIT) in its latest Q2 13F filing with the SEC — alongside new exposure to XRP and ether products. The move comes as the broader Bitcoin ETF market recorded $61 million in outflows during the same week, making JPMorgan's expansion notable against the short-term trend. With $5.1 trillion in AUM, JPMorgan's growing crypto ETF footprint signals continued institutional appetite at the largest U.S. bank level, even amid periodic retail-driven outflows. Source Trade on Binance

🔵 Bitwise taps Superstate to tokenize crypto fund shares on-chain Bitwise Asset Management is partnering with Superstate to build a system allowing investors to hold shares of select Bitwise funds as blockchain-based tokens. The Solana staking ETF is expected to be the first product considered for the structure. The move pushes real-world asset tokenization further into regulated fund territory — bridging traditional ETF wrappers with on-chain rails. Superstate, known for building tokenized financial products, brings the infrastructure; Bitwise brings the fund lineup. If it clears regulatory hurdles, it could set a template for tokenized ETF shares across the broader crypto asset management space. Source Trade on Binance

₿ Goldman Sachs holds $2.25B in Bitcoin yield ETFs — 19x BlackRock Goldman Sachs has quietly built a $2.25 billion position in Bitcoin income ETFs, dwarfing BlackRock's holdings by 19x and making it the dominant institutional player in the BTC yield space. The bulk of that exposure sits in BTCI, which carries a 26.73% distribution rate, a 1.62% SEC yield — and a sobering -41.66% one-year NAV return. The yield is real; the price performance is not. Bitcoin covered-call ETFs generate income by selling upside. In a ripping bull market, NAV bleeds while distributions flow. Goldman's scale here signals institutional demand for yield-generating BTC exposure, even at the cost of capped gains. Source Trade on Binance

₿ Charles Schwab Adds Spot BTC and ETH Trading for 39.8M Accounts Charles Schwab has launched direct Bitcoin and Ether trading on its retail brokerage platform, charging a 0.75% transaction fee. The rollout gives crypto access to a platform sitting on $13.1 trillion in client assets across 39.8 million active brokerage accounts. For context, Schwab has long offered crypto-adjacent exposure through ETFs and futures products — but direct spot trading is a different tier of accessibility. Millions of retail investors can now buy BTC and ETH without leaving their primary brokerage account. At 0.75%, the fee sits above Coinbase's standard rate for smaller trades but competes on trust, familiarity and the sheer gravitational pull of an incumbent with $13 trillion on the books. Source Trade on Binance

📊 Trump Media overhauls crypto treasury after $238M Q2 loss Trump Media & Technology Group is revamping its digital asset treasury strategy following a $238.1 million second-quarter loss. The company disclosed the plan on Aug. 10 alongside its quarterly results, citing digital asset volatility and balance-sheet management as the drivers. Bitcoin remains central to Trump Media's capital strategy despite the heavy paper losses. The treasury overhaul signals a structural shift in how the company manages crypto exposure — not an exit from the asset class. Source Trade on Binance

📊 Goldman Sachs Acquires Bitcoin & ETH Income ETF Provider for $2.25B Goldman Sachs is acquiring NEOS Investments for up to $2.25 billion — adding ~$30 billion in assets and 19 options-based income ETFs to its asset management arm. The deal is expected to close in Q1 2027. NEOS runs the Bitcoin High Income ETF, Boosted Bitcoin High Income ETF and Ethereum High Income ETF, putting Goldman directly in the crypto yield product space. The acquisition expands Goldman's derivatives ETF platform to $130 billion in total ETF assets. One analyst framed it as a direct shot at BlackRock's BITA fund. Wall Street's biggest names are now openly competing for crypto ETF market share — and income strategies are the new battleground. Source Trade on Binance

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⚖️ Senate's CLARITY Act vote sets up a 'crucial' September for crypto September is shaping up as a pivotal month for the industry, with two major catalysts converging: a Senate vote on the CLARITY Act and the Federal Reserve's September FOMC meeting. The CLARITY Act aims to establish a clear regulatory framework defining when digital assets are commodities versus securities — a distinction that has kept billions in institutional capital on the sidelines. A favorable Senate vote would hand crypto markets a long-awaited structural tailwind heading into Q4. The FOMC decision adds macro weight. A rate cut would ease liquidity conditions broadly, historically a bullish setup for risk assets including Bitcoin and altcoins. Both events landing in the same month makes September an unusually high-stakes window — either a catalyst stack or a double disappointment. Source Trade on Binance

🚨 Harmony exploited: 4 billion ONE tokens minted, price craters 30% An attacker minted approximately 4 billion ONE tokens without authorization — roughly 26% of the token's total supply — in an exploit flagged by on-chain analyst Juiceberg. ONE dumped more than 30% to an all-time low as the newly minted tokens moved through the network. Harmony has confirmed the exploit and asked exchanges to freeze funds linked to four wallets identified as part of the attack. The team is actively investigating. Unauthorized mint exploits are among the most damaging in crypto — inflating supply instantly and nuking token value before teams can respond. Source Trade on Binance

🔁 eToro buys TradeZero for $231M as crypto revenue drops 73% eToro has agreed to acquire US brokerage TradeZero for up to $231 million in a cash-and-stock deal — its third acquisition this year. The move hands eToro a fully licensed US broker-dealer with options trading capabilities, something it has lacked since launching stateside. The timing is telling. Crypto trading among eToro users fell 73% year-over-year, while equities drove Q2 net contribution up 9% YoY to $229 million. The deal won't close until H1 2027 and requires regulatory approval — complicated by TradeZero's CEO having settled SEC charges in 2022. eToro stock dropped 10% on the news. The pivot is clear: with regulators shrinking its token menu, eToro is doubling down on US equities and options to offset the crypto slowdown. Source Trade on Binance