Sudoswap Proposal to Distribute Fees Leads to 225% Surge in SUDO Token Value

Solana is gaining traction as the next major TreasuryCo trade, with at least four corporate treasury initiatives tied to SOL unveiled in the past 24 hours, totaling around $2.75 billion. This marks the first wave of true corporate treasury adoption for Solana, attracting billions in capital.

Gemini has expanded its staking services to the U.K., allowing customers to earn rewards on Ethereum and Solana. Staking on the platform no longer requires a minimum amount, making it more accessible to retail users. Gemini emphasizes its institutional-grade custody setup for security.

Trump Media and Technology Group, in partnership with Crypto.com, plans to establish a $6.4 billion Cronos treasury, including $1 billion in CRO tokens, $200 million in cash, and $220 million in warrants. The treasury will hold 6.3 billion CRO tokens, representing 19% of the token's supply.

Standard Chartered's head of digital assets predicts Ethereum will hit $7,500 by 2025 due to growing institutional interest. Treasury companies and ETFs have bought 4.9% of ETH since June, driving the cryptocurrency to a new all-time high of $4,953.

Ethereum's stablecoin market cap is projected to surpass $145 billion by the end of August, according to a market prediction. The criteria for this prediction are based on the total market cap of stablecoins on Ethereum as shown by DeFiLlama during the observation period.

Despite the recent market correction, large Dogecoin holders have been accumulating the asset, with on-chain metrics showing an increase in transfers and wallet numbers. This accumulation trend may be driven by factors beyond speculation, such as perceived value at current levels.

Sugar Match, a new match-3 game on the Tezos layer-2 network, offers a competitive player-versus-player mode and skill-based crypto earnings, aiming to provide lasting value to players through play-to-earn mechanics. The game's structure ensures rewards come from fair competitive gameplay rather than inflationary token printing.

Sequans Communications, a Paris-based semiconductor firm listed on the NYSE, plans to raise $200 million for Bitcoin purchases through an equity program. The company already holds over 3,000 Bitcoin, aiming for 100,000 by 2030, making it a significant European holder.

The MIT-educated Peraire-Bueno brothers are contesting the use of their Google search history in court, arguing that the searches for legal information were part of privileged attorney consultations. They claim the searches do not demonstrate guilt but were prudent legal actions during the investigation.

Bitcoin's value dropped below $110,800 due to weekend liquidations and market volatility, potentially leading to deeper corrections. The U.S. Federal Reserve's upcoming rate cut decision and macroeconomic events are closely watched by investors amid concerns of market weakness.