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6 Aug 2025, 21:03
Is The Era Of Bitcoin Treasuries Coming To An End? Galaxy Digital CEO Weighs In
In the wake of recent regulatory shifts under President Donald Trump’s pro-crypto administration, Bitcoin Treasury companies have surged to prominence in the cryptocurrency landscape. Inspired by Michael Saylor’s Bitcoin proxy firm, Strategy (formerly MicroStrategy), both publicly traded and private firms have increasingly adopted this approach. As of now, Strategy is the public company with the largest Bitcoin stash, with over 600,000 coins. However, not all industry experts share an optimistic outlook. Mike Novogratz, CEO of Galaxy Digital, recently suggested that the peak of treasury company issuance may already be behind. Challenges Ahead For New Bitcoin And Crypto Treasury Entrants During Galaxy Digital’s second-quarter earnings call, Galaxy Digital CEO stated , “We’ve probably gone through peak treasury company issuance,” raising questions about the future landscape of these firms. Novogratz, who took its company public back in May in the US, emphasized that attention should now shift to which existing companies could emerge as significant players in the market. Highlighting the growth of Ethereum, the market’s second-largest cryptocurrency, Novogratz pointed to two major treasury holders: Tom Lee’s BitMine and Joe Lubin’s SharpLink. BitMine Immersion Technologies, for instance, has made headlines with its substantial ETH holdings, which recently surpassed $2.9 billion. As of August 3rd, BitMine reported a total of 833,137 ETH, valued at approximately $3,491.86 per token, making it the largest Ethereum treasury globally and the third largest crypto treasury overall. Thomas Lee, Chairman of BitMine’s Board of Directors, noted the firm’s rapid ascent in the crypto space, stating, “BitMine moved with lightning speed in its pursuit of the ‘alchemy of 5%’.” In parallel, SharpLink Gaming has also made significant strides in Ethereum accumulation, purchasing an additional 83,561 ETH for $303.7 million between July 28 and August 3. This acquisition raised SharpLink’s total ETH holdings to 521,939 tokens, valued at over $1.9 billion. The firm successfully raised $264.5 million from the sale of 13.6 million shares, following a prior raise of $279.2 million the week before. SharpLink has also reported a notable increase in its ETH Concentration metric, which rose by 7.6% week-over-week and an impressive 83% since June. Novogratz anticipates that these firms will continue to expand, although he cautioned that new entrants might face significant challenges in gaining traction in an increasingly competitive environment. Galaxy Digital’s $2 Billion Crypto Treasury Galaxy Digital has positioned itself as a key player in this emerging sector, collaborating with over 20 crypto treasury investment firms . This network has contributed approximately $2 billion in assets to Galaxy’s platform, generating recurring income that Novogratz describes as sustainable. Despite the growing interest in crypto treasury companies fueled by a more favorable regulatory climate in the US, Novogratz’s cautionary perspective raises important questions about the sustainability of this trend. While pro-crypto legislation continues to evolve, fostering a wave of bullish sentiment, the market has also recently experienced price corrections following earlier rallies. This is also an important topic as experts have cautioned that substantial corrections in crypto prices could pose additional challenges for Bitcoin and crypto treasury companies. Featured image from DALL-E, chart from TradingView.com
6 Aug 2025, 21:00
Polkadot's DOT Gains as Much as 4% with Bullish Momentum Surge
Polkadot's DOT demonstrated a significant surge in large buyers' interest during a 24-hour trading period, with corporate treasury allocations and regulatory clarity driving sustained buying pressure, according to CoinDesk Research's technical analysis model. The model showed that price action demonstrated potential institutional-grade stability with sustained corporate interest indicators. As of July, Bifrost had secured over 81% of DOT’s liquid staking token (LST) market, boasting more than $90 million in total value locked (TVL), according to a post on X . The rally in DOT came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 2%. In recent trading, Polkadot was 2.1% higher over 24 hours, trading around $3.66. Technical Analysis: Institutional order flow patterns established strong support levels reflecting corporate investment committee decisions, according to the model. Corporate treasury allocation discussions potentially contributed to resistance formation near key technical levels. Trading volume exceeded institutional thresholds during standard corporate decision-making hours. After-hours volume spikes aligned with typical corporate announcement timing patterns. Reduced volatility periods suggest institutional accumulation phases ahead of potential enterprise adoption news. Price action demonstrated institutional-grade stability with sustained corporate interest indicators. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .
6 Aug 2025, 21:00
Manhattan jury could not reach a unanimous decision on whether Tornado Cash's Roman Storm conspired to launder $1B in crypto
Roman Storm, the embattled co-founder of Tornado Cash, faced the Manhattan federal jury on August 6, 2025, and despite all that has been said about him, the jury could not decide unanimously on whether he is a money launderer. According to prosecutors, the tool he created was used extensively by bad actors to “clean” over $1 billion in stolen cryptocurrency, including funds linked to the North Korean Lazarus Group . Manhattan federal jury delivers partial verdict According to reports , Storm on Wednesday faced a federal jury in Manhattan that was later disbanded because it was unable to agree on whether the 36-year-old co-developer of Tornado Cash qualifies as a money launderer. The trial had been going on for about three-and-a-half weeks, but it ended with a partial mistrial after the jury admitted they could not reach a unanimous verdict on the more serious charges leveled against him: money laundering and the violation of international sanctions, each carrying potential sentences of 20 years in prison. He was only found guilty of conspiring to operate an unlicensed money-transmitting business, a charge that could cost him a potential maximum sentence of five years in prison. It is far less than he could still serve, but the developer still appeared dejected as they read out the guilty verdict for that one count, according to reports. Storm was not detained post-verdict, even though prosecutors considered him a flight risk due to his links to his home country, Russia , and his access to millions in Ethereum. The case has once again sparked a debate on the previously contested topic of whether creators and developers are liable for how their products are used, a precedent-setting case under U.S. law. Roman Storm’s defense In its defense, Storm’s legal representatives argued that Tornado Cash was a privacy tool that was not designed for illegal use, and that developers shouldn’t have to suffer for users’ actions. The defense began earnestly on Monday but was forced to proceed without the presentation of what the court tagged “self-serving” evidence that included private messages in which Storm lamented how some were using the protocol for shady purposes. If admitted, the evidence would have proven Storm had no intention for Tornado Cash to be used as a money laundering tool for cybercriminals, defense attorneys wrote in a letter to Judge Katherine Polk Failla on Sunday. However, Failla remained unconvinced, and on Monday, she said most of the messages do not account for Storm’s state of mind when he created and contributed to the Tornado Cash protocol. To make the money laundering charge stick, prosecutors will need to prove beyond a reasonable doubt that he created and ran Tornado Cash solely for the purpose of laundering funds for cybercriminals. Storm is adamant that he built Tornado Cash for those particular about privacy on the blockchain and that he had no control over who used the protocol or what it was used for. But prosecutors counter with so-called evidence they say proves he marketed the platform as a money laundering solution rather than anything else. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
6 Aug 2025, 20:55
Orca DAO Proposal Unveils Revolutionary Solana Staking & ORCA Buyback
BitcoinWorld Orca DAO Proposal Unveils Revolutionary Solana Staking & ORCA Buyback Exciting news is brewing in the Solana ecosystem! The Orca DAO proposal is set to make waves, suggesting significant enhancements for the decentralized exchange (DEX) Orca. This isn’t just a minor update; it’s a strategic move aimed at bolstering the platform’s stability, increasing the value of its native ORCA token , and rewarding its dedicated community. Get ready to dive into the details of this ambitious plan. What’s Behind the Orca DAO Proposal? The Orca DAO, the governing body behind the popular Solana-based Orca DEX , recently put forth a significant proposal. This initiative centers on two core pillars designed to strengthen the protocol and benefit its participants. The primary aim is to enhance the long-term sustainability and attractiveness of the Orca ecosystem. At its heart, the proposal outlines the staking of a substantial portion of the DAO’s treasury assets. Specifically, 55,000 SOL currently held in the Treasury are earmarked for staking into an Orca Validator. This strategic move is intended to contribute directly to the security and decentralization of the Solana network, aligning Orca’s interests with the broader ecosystem. Moreover, the proposal introduces a robust ORCA buyback program . This program is designed to create sustained demand for the ORCA token, with a clear mechanism for how these repurchased tokens will be utilized. This proactive approach underscores the DAO’s commitment to creating tangible value for its token holders. Boosting Value: The ORCA Buyback Program One of the most anticipated aspects of the Orca DAO proposal is the establishment of a 24-month ORCA buyback program. This long-term commitment signals a strong belief in the future of the Orca platform and its native token. A buyback program typically involves a protocol using its generated revenue or treasury funds to repurchase its own tokens from the open market. The tokens acquired through this buyback initiative will not simply sit idle. The proposal specifies two potential uses for these repurchased ORCA tokens: Token Burning: A portion of the tokens could be permanently removed from circulation, reducing the total supply. This deflationary mechanism can potentially increase the scarcity and value of the remaining ORCA tokens. xORCA Rewards: Alternatively, the tokens could be used to enhance rewards for xORCA holders. xORCA represents staked ORCA tokens, and providing additional incentives for staking can encourage long-term commitment and participation in the DAO’s governance. This dual-purpose approach offers flexibility while consistently aiming to benefit the ORCA community, making the ORCA token more attractive for both users and investors. Strengthening Solana: Why Solana Staking Matters The decision to initiate Solana staking of 55,000 SOL from the Orca DAO Treasury into an Orca Validator is a significant step. Staking SOL directly supports the Solana network’s proof-of-stake consensus mechanism. By staking, Orca DAO contributes to the network’s security, stability, and decentralization. For Orca, running its own validator node offers several advantages. It demonstrates a deeper commitment to the Solana ecosystem, reinforcing its position as a key player. Furthermore, any staking rewards generated from this initiative could potentially be channeled back into the DAO’s treasury, providing additional resources for future development, community initiatives, or even further buybacks. This creates a virtuous cycle where supporting the underlying blockchain directly benefits the Orca DEX and its community. This move highlights a growing trend among decentralized applications to actively participate in the security and governance of their underlying blockchain, fostering a more robust and interconnected Web3 landscape. The Future of Orca DEX and ORCA Token The comprehensive Orca DAO proposal , encompassing both the Solana staking and the ORCA buyback program, paints a promising picture for the future of Orca. These strategic initiatives are designed to create a more resilient, valuable, and community-centric decentralized exchange. By actively managing its treasury and implementing mechanisms that directly benefit token holders, Orca aims to set a new standard for DEX operations. The potential for reduced token supply through burning, coupled with enhanced staking rewards, could significantly boost the utility and demand for the ORCA token . As the Solana ecosystem continues its rapid expansion, Orca’s proactive steps position it well to capture future growth and solidify its standing as a leading decentralized finance platform. Summary: A Bold Step Forward The Orca DAO’s recent proposal is a testament to its commitment to long-term growth and community value. By strategically engaging in Solana staking and implementing a robust ORCA buyback program, the Orca DEX is poised for an exciting future. These initiatives are not just about numbers; they are about building a stronger, more sustainable, and more rewarding ecosystem for everyone involved. Keep an eye on Orca as these transformative plans unfold! Frequently Asked Questions (FAQs) Q1: What is the primary goal of the Orca DAO proposal? A1: The main goal is to strengthen the Orca DEX, enhance the value of the ORCA token, and reward the community through strategic Solana staking and an ORCA buyback program. Q2: How will the ORCA buyback program operate? A2: The program will run for 24 months, repurchasing ORCA tokens from the open market. These tokens will then either be burned (removed from circulation) or used to provide additional rewards for xORCA holders. Q3: What are the benefits of Orca DAO engaging in Solana staking? A3: Staking 55,000 SOL contributes to the security and decentralization of the Solana network. It also allows Orca to earn staking rewards, which can be reinvested into the DAO for further development and community initiatives. Q4: What is xORCA? A4: xORCA represents ORCA tokens that have been staked within the Orca ecosystem. Holding xORCA typically grants users governance rights and access to staking rewards. Q5: When is the Orca DAO proposal expected to be implemented? A5: While the proposal has been made, the exact implementation timeline depends on the DAO’s voting process and subsequent technical execution. Keep an eye on Orca’s official channels for updates. Did you find this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to spread the word about Orca DAO’s exciting plans! To learn more about the latest crypto market trends, explore our article on key developments shaping decentralized finance price action. This post Orca DAO Proposal Unveils Revolutionary Solana Staking & ORCA Buyback first appeared on BitcoinWorld and is written by Editorial Team
6 Aug 2025, 20:52
Trump Shakes Up the Fed: What Does It Mean for Interest Rates?
Kugler's resignation could increase Fed members supporting rate cuts from two to three. Trump's influence might lead to a clearer economic slowdown, affecting policy decisions. Continue Reading: Trump Shakes Up the Fed: What Does It Mean for Interest Rates? The post Trump Shakes Up the Fed: What Does It Mean for Interest Rates? appeared first on COINTURK NEWS .
6 Aug 2025, 20:49
Cosmos Health Secures $300 Million, Exploring Ethereum Treasury Strategy Amid Positive Market Response
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