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Bitcoin Momentum Cools as Inflows Slow, Glassnode Reports; Ethereum and Altcoins Gain Share
Bitcoin Momentum Cools as Inflows Slow, Glassnode Reports; Ethereum and Altcoins Gain Share

Bitcoin’s record-breaking rally is losing momentum as new capital inflows slow, according to on-chain analytics firm Glassnode.

DeFi Planet·2025/08/21 16:30
Sonic Labs Seeks Community Approval for $150M Token Issuance to Enter U.S. Market
Sonic Labs Seeks Community Approval for $150M Token Issuance to Enter U.S. Market

Sonic Labs has unveiled a governance proposal to issue $150 million worth of new tokens in a bid to fund its expansion into the United States.

DeFi Planet·2025/08/21 16:30
Crypto Lobby Groups Rally Behind Brian Quintenz as CFTC Chair Nomination Stalls
Crypto Lobby Groups Rally Behind Brian Quintenz as CFTC Chair Nomination Stalls

Nearly every major digital asset trade group in Washington is throwing its weight behind Brian Quintenz’s nomination as the next chairman of the Commodity Futures Trading Commission (CFTC), pressing the White House to break through a confirmation logjam that has already derailed two Senate committee votes.

DeFi Planet·2025/08/21 16:30
Investigating Kanye West’s YZY Chaos: Insider Bragging, TRUMP–LIBRA Connection and More
Investigating Kanye West’s YZY Chaos: Insider Bragging, TRUMP–LIBRA Connection and More

Kanye West’s YZY token soared to $3B then crashed, as insider gains, Mikey Shelton’s bragging, and TRUMP–LIBRA links came to light.

BeInCrypto·2025/08/21 16:29
Flash
  • 17:54
    US SEC Opens Public Comment Period for Canary Staked INJ ETF
    According to Jinse Finance, the U.S. Securities and Exchange Commission (SEC) is seeking public comments to determine whether to approve the staking Injective (INJ) exchange-traded fund (ETF) proposed by Canary. The SEC has requested that relevant comments be submitted within 21 days and will decide on the next steps within 90 days.
  • 17:18
    Trump Administration Considers Sanctions Against the EU or Relevant Officials Over Digital Services Act
    According to two sources familiar with the matter, Trump administration officials are considering imposing sanctions on EU or member state officials responsible for enforcing the Digital Services Act (DSA), as the U.S. side complains that the law censors American speech and increases costs for U.S. tech companies, according to a report by Jinse Finance. This would be an unprecedented move and would further intensify the conflict between the U.S. government and Europe. The Trump administration believes that Europe’s actions are aimed at suppressing conservative voices. Senior officials at the U.S. State Department have not yet made a final decision on whether to proceed with this punitive measure, which could take the form of visa restrictions. U.S. officials held internal meetings on this issue last week.
  • 17:11
    Citi: Stablecoin Interest May Trigger Bank Deposit Outflows
    According to a report by Jinse Finance, Ronit Ghose, Head of Future Finance at Citi, has warned that if stablecoin holders receive interest, it could trigger a large-scale outflow of bank deposits similar to the rise of money market funds in the 1980s, thereby increasing banks’ funding costs and the price of credit. PwC consultant Sean Viergutz also noted that if consumers shift to high-yield stablecoins, banks may be forced to rely on wholesale funding or raise deposit rates, which would increase borrowing costs for businesses and households. Currently, the U.S. GENIUS Act prohibits stablecoin issuers from directly paying interest, but does not ban exchanges or affiliated companies from offering yields. U.S. banking groups are calling on regulators to close this “loophole” to prevent a massive outflow of deposits.
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