Trump Crypto Czar David Sacks Steps Down With Key Legislation Still Pending

The slowdown in Bitcoin and Ethereum treasury buys has contributed to recent market declines, impacting prices sensitive to inflation and macroeconomic uncertainties. This decrease in corporate crypto treasuries' activity could continue to influence markets, with heightened volatility expected in the near-term.

TeraWulf plans to raise $3 billion in debt to expand data center operations, supported by Google. Credit rating agencies are evaluating the deal, with Google's backing potentially securing a stronger credit rating for the firm. The AI industry's demand for data center space has led to partnerships with crypto miners like TeraWulf.

Hyperliquid, a decentralized perpetual futures exchange, has become one of the largest crypto projects globally, processing trillions in volume. With its native token HYPE rising to the top 20 cryptocurrencies, it offers low fees and high leverage for traders.

The looming U.S. government shutdown could slow down progress on crypto market structure legislation, affecting policymaking in the crypto world. The Senate committees may have to delay plans for a markup if the shutdown occurs.

A little-known project called POIDH is challenging individuals to break the world record for the most kickflips on a skateboard in one minute. The project incentivizes participants with a crowdsourced bounty of meme coins, with the current bounty totaling $35,000.

Analysts consider today's $18 billion Bitcoin options expiry as record-setting, potentially delaying volatility. Traders anticipate a clearer directional move post-expiry, with Myriad users predicting more red candles for Bitcoin.

Jito has launched its Block Assembly Marketplace (BAM) on the Solana mainnet, introducing a new architecture for block construction that emphasizes transparency and application-level customization. The shift could significantly expand Solana’s developer ecosystem and benefit JitoDAO directly.

SoftBank Group and Ark Investment are reportedly considering participating in a significant Tether fundraising round that may value the stablecoin issuer at as much as $500 billion. This move could potentially elevate Tether's position in mainstream finance and solidify its standing as one of the world's largest private companies.

The Tennessee couple behind the fake crypto trading scheme "Blessings of God Thru Crypto" must pay over $6.8 million in restitution and penalties for defrauding 145 investors. The couple funneled money offshore and used it to cover personal debts, leaving victims with minimal returns.

Cipher Mining increased the price of its convertible debt offering to $1.1 billion, up from the initial $800 million, following a $3 billion AI cloud hosting deal with Google. The deal includes Google backstopping $1.4 billion of Fluidstack's lease obligations in exchange for warrants to acquire Cipher common stock.