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Flash.Trade Shutdown Sparks Debate Over Whether the Solana Foundation Should 'Pick Winners'

Flash.Trade founder Anas Khader cited Solana Foundation backing for a rival as one reason for winding down the perps exchange. Foundation president Lily Liu rejected the 'kingmaking' label and said the market decides who wins.

Solana ecosystem projects from The Defiant's original illustration
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Trust 61 Importance 50 Noise 8% public_reviewed Source retained

CryptoQuant Sees Early Bitcoin Bottom Signals, but Long-Term Holder Stress Has Not Reached Past Extremes

Adjusted NUPL for long-term holders has moved negative and below the broader market, a pattern seen around major cycle lows. But losses have not yet reached the deeper 'depression' levels observed in previous bottoms.

Bitcoin and gold illustration from Bitcoin Magazine's report on potential bottom signals
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Fidelity Seeks to Stake Up to 100% of FETH's ETH and Pay Investors Quarterly Rewards

Fidelity filed an amendment for its FETH Ethereum ETF. If approved by the SEC, the fund could stake up to 100% of its ETH and distribute net staking rewards to shareholders as quarterly cash payments.

Ethereum and Fidelity illustration from Decrypt's FETH staking report
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Grayscale Says Bitcoin's Price Decline Does Not Break the Adoption Thesis: Debt, Tokenization and Younger Investors Still Matter

Grayscale highlights three long-term drivers: rising government debt and currency-debasement risk, expanding stablecoin/tokenization infrastructure, and stronger digital-asset demand among younger investors and alternative portfolios.

Bitcoin and institutional adoption illustration from Bitcoin Magazine's Grayscale analysis
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U.S. Core CPI Eases to 2.5%, but Bitcoin Barely Reacts and Holds Near $63,900

July core CPI rose 0.2% month over month and 2.5% year over year, the slowest annual pace since March 2021. Bitcoin remained largely unchanged near $63,863 despite the softer inflation backdrop.

Bitcoin against U.S. inflation data from the original Bitcoin Magazine report
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Goldman Sachs to Buy NEOS for Up to $2.25 Billion, Gaining the $1.1 Billion Bitcoin Income ETF BTCI

The deal gives Goldman an approximately $30 billion options-based ETF platform, including the $1.1 billion BTCI fund. Closing is expected in the first quarter of 2027, subject to regulatory approval and deal conditions.

Goldman Sachs and bitcoin income ETF illustration from CoinDesk's NEOS acquisition report
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Trust 68 Importance 53 Noise 8% public_reviewed Source retained

Circle Positions cirBTC as Institutional Bitcoin Collateral, but Only About 40 BTC Is Outstanding

cirBTC has been live on Ethereum since June 8, yet only about 40 tokens were outstanding at review time versus more than 116,000 WBTC and 97,000 cbBTC. Circle National Trust holds the backing, with published addresses and Chainlink Proof of Reserve.

cirBTC and Ethereum from The Defiant's original illustration
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Trust 61 Importance 56 Noise 8% public_reviewed Source retained

DOGE Trades Near $0.07 While Futures Open Interest Rebuilds to 17.18 Billion Coins

Dogecoin is down nearly 70% over the past year, yet open interest has climbed to about $1.21 billion and 17.18 billion DOGE — close to October 2025 levels when the token traded near $0.25. Long accounts heavily outnumber shorts on Binance and OKX.

Dogecoin and futures-market data from the original CoinDesk report
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Uniswap Labs Renounces Creator Fees From Employee Test Tokens, Redirects Them to ETH Buy-and-Burn

Hayden Adams said Uniswap Labs renounced creator fees tied to tokens created during Pools testing. TradePools says past and future fees are being redirected to an automated ETH buy-and-burn mechanism.

Source illustration for Uniswap employee test-token creator fees
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Metaplanet Launches BitBonds With a ¥200 Million Private Sale Paying 4% to 4.3% Annually

Metaplanet sold four series of unsecured senior bonds worth about ¥200 million ($1.3 million). The roughly three-year BitBonds pay fixed annual interest of 4% to 4.3% and add a new funding channel for the bitcoin-heavy treasury company.

Metaplanet and BitBonds illustration from the original CoinDesk report
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Trust 68 Importance 58 Noise 8% public_reviewed Source retained