Lido DAO Aims to Buy $20 Million in LDO After Price Plunge

On Monday, outflows from U.S. ETFs tracking Ethereum's spot price reached $197 million, the second-highest daily withdrawal amount ever recorded. The surge in unstaking ETH has led to $3.9 billion in pending withdrawals, impacting near-term sentiment.

SoFi Technologies partners with Lightspark to enable real-time international remittance payments using Bitcoin's Lightning Network, offering near-instant cross-border transfers with upfront exchange rates and fees. This move aligns with SoFi's reentry into crypto, following its transition to a national bank in 2023.

Bitcoin, Ethereum, and XRP saw modest gains with stablecoin reserves reaching $160 billion, signaling potential market accumulation. XWIN Research Japan highlighted record supply levels and $32 billion in exchange reserves ready for deployment.

The crypto industry's tribal nature thrives on purity tests, distinguishing it from traditional sectors. Regulatory battles have united factions against common enemies, shaping the future landscape. The need for decentralized assets and purity tests remains crucial for the market's evolution.

An upcoming app called Doop will pay users in cryptocurrency for uploading photos of their poop, which will be analyzed by an AI agent to improve gut health. The app has raised funds and aims to provide insights into users' health through daily tracking of bowel movements.

The Frontier Stable Token (FRNT) launched on seven blockchains, including Ethereum, Solana, and Avalanche, marking Wyoming's entry into the stablecoin sector. FRNT, backed by cash and U.S. Treasuries, will divert interest to Wyoming's School Foundation Fund.

The crypto market has seen a significant decline, with Bitcoin, Ethereum, and XRP dropping in value, leading to concerns of a potential market crash. The fear of a crash comes amidst various factors such as statements from influential figures and regulatory developments.

Bo Hines, former crypto adviser to President Trump, has been appointed as Tether's strategic advisor for digital assets and U.S. strategy. Hines will assist in shaping the company's U.S. market entry and building relationships with policymakers and stakeholders.

Figure Technologies, a blockchain lender founded in 2018, has filed initial paperwork for an IPO, reporting a 22% revenue surge to $191 million in the six months ending June 30, 2025. The company dominates the tokenized private credit space, with over $11 billion in active loans on its Provenance blockchain.

Governor J.B. Pritzker signed two bills in Illinois to protect crypto users from fraud, giving the state authority to oversee exchanges and wallet providers. The legislation aims to curb the increasing scams at crypto ATMs and requires cybersecurity measures and consumer service standards.