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U.S. GENIUS Law Jolts EU Into Rethinking Digital Euro Strategy: FT

by admin August 22, 2025



European Union policymakers are discussing ramping up efforts to introduce a digital euro as the U.S.’ new stablecoin law intensifies pressure on the bloc to keep up the pace in the fast-moving world of digital money, the Financial Times reported,

The U.S. Congress last month approved the GENIUS Act, a framework for the $288 billion stablecoin sector dominated by dollar-pegged tokens like Tether’s USDT and Circle Internet’s (CRCL) USDC. The move caught many in Europe off guard, according to people familiar with the talks, and sparked concerns that dollar-pegged tokens could tighten America’s grip on cross-border payments if the EU doesn’t accelerate its own plans.

In a notable shift, officials are now weighing whether to launch the central bank digital currency (CBDC) on public blockchains like Ethereum or Solana rather than the private infrastructure previously envisioned.

Until recently, the European Central Bank (ECB) had been leaning toward a private, centrally controlled system, citing privacy and security. But sources say the U.S. legislation has shifted the conversation, with some policymakers now open to decentralized networks that could help the euro circulate more freely and compete with dollar-based digital assets globally, according to the FT.

The ECB has been studying a digital euro for several years, pitching it as a public alternative to privately issued payment systems as cash use dwindles. Yet U.S. momentum is raising concerns that euro deposits could increasingly flow into dollar-denominated assets abroad.

With China piloting its digital yuan and the U.K. considering a digital pound, Europe faces mounting pressure to deliver. A handful of euro-backed stablecoins already exist, Circle’s EURC among them, but a central bank-issued token would carry far more weight.

The ECB confirmed to the Financial Times it is still evaluating both centralized and decentralized technologies, leaving open the possibility of a blockchain-powered euro as officials race to protect the single currency’s relevance in a digitizing world.

Read more: ECB Says U.S.-Backed Stablecoin Use in EU Could Weaken Its Monetary Autonomy



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August 22, 2025 0 comments
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Wealthy Asian Investors Seek Digital Assets
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Wealthy Asian Investors Seek Digital Assets

by admin August 22, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Wealth managers in Asia have noticed a surge in demand for crypto assets as mainstream adoption and broader regulatory shifts drive prices to new highs. A recent report shared that wealthy Asian investors are seeking to grow their digital asset portfolios.

High-Net-Worth Investors Bet On Crypto

Wealthy Asian families and family offices are reportedly planning to increase their cryptocurrency investments amid the bullish market, mainstream adoption, and positive regulatory developments in multiple jurisdictions, including the US and Hong Kong.

In a Thursday report, Reuters revealed that high-net-worth Asian investors are seeking more exposure to crypto assets, with wealth managers receiving more inquiries, crypto funds seeing an increase in demand, and exchanges’ trading volumes surging.

Jason Huang, founder of NextGen Digital Venture, told the news media outlet that they had raised over $100 million in just a few months for a new long-short crypto equity fund launched in May.

He noted that the response from Limited Partners (LPs) that represent high-net-worth individuals “has been encouraging,” adding that his firm’s investors, which are mainly family offices and fintech entrepreneurs, recognize the “growing role of digital assets in diversified portfolios.”

Swiss investment bank UBS said that some overseas Chinese family offices are looking to raise their crypto exposure to approximately 5% of their portfolio. Lu Zijie, head of wealth management at UBS China, shared that many second and third-generation members of multiple family offices are starting to learn about digital assets and how to participate.

Meanwhile, some wealth managers highlighted a mindset shift among Asian clients over the last few years, moving from a small allocation to embracing the crypto sector as a “must-have” in their portfolios. Reportedly, investors are increasingly treating Bitcoin as a “portfolio diversifier” to protect themselves against macro uncertainties due to its low correlation with stocks and bonds.

Zann Kwan, CIO at Singapore-based Revo Digital Family Office, affirmed that family offices “started to dip their feet” into spot Bitcoin exchange-traded funds (ETFs) last year following the approval of the crypto-based investment products in the US. “Now they have begun to learn the difference of holding a token directly,” he added.

Asia’s Market Gains Momentum

Reuters noted that the surging interest of Asian high-net-worth investors follows the recent market rally, which saw Bitcoin hit a new all-time high (ATH) of $124,128 last week, as well as positive regulatory developments, including the enactment of the GENIUS Act in the US and the passage of Hong Kong’s stablecoin legislation.

Cryptocurrency exchanges have also benefited from the increase in trading demand, with the number of registered users at Hong Kong’s HashKey exchange surging 85% year-on-year (YoY) by August.

As reported by Bitcoinist, Hong Kong’s new stablecoin framework has sparked a frenzy of fundraising activity among fintech firms, raising around $1.5 billion via share placements to invest in stablecoins, blockchain payment systems, and digital assets.

South Korea, Malaysia, Thailand, and the Philippines are also experiencing high interest in Asian-pegged stablecoins despite authorities’ concerns of capital outflows, while Japan and China explore launching their stablecoins.

Meanwhile, the broader stablecoin push has seen investors shift from US big tech stocks to crypto-related equities. Recent data revealed that South Korean individuals investing in overseas stocks have shifted from US big tech equities to crypto-linked stocks over the past two months, with increasing interest in stablecoin-related companies.

Bitcoin (BTC) trades at $112,340 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 22, 2025 0 comments
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EU Might Launch Digital Euro on Ethereum or Solana
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EU Might Launch Digital Euro on Ethereum or Solana

by admin August 22, 2025


  • Jolting EU into action 
  • Global stablecoin race 

According to a Friday report by the Financial Times, the European Union might launch the much-talked-about digital euro project on Ethereum or Solana instead of opting for a private blockchain. 

Issuing a digital euro on a public blockchain could significantly boost its accessibility, but there are some concerns about privacy-related issues. 

Jolting EU into action 

The world’s biggest trading bloc has been rattled by the quick passage of the GENIUS Act, a comprehensive stablecoin legislation, in the US. 

The EU is now worried that it might fall behind the US in the stablecoin race, which has prompted its officials to accelerate the development of the digital euro. 

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The rapid embrace of the stablecoin sector in the US could threaten the dominance of the euro within the EU, according to the officials. 

Even though there are some euro-backed stablecoins, their market cap represents only a tiny fraction of dollar-backed ones. 

Global stablecoin race 

As reported by U.Today, even China, which is known as one of the most anti-crypto jurisdictions, is now reportedly mulling greenlighting yuan-backed stablecoins in a major reversal due to concerns that dollar-backed stablecoins would further boost the hegemony of the greenback. 

Japan, the fifth-largest economy, has also recently approved the very first dollar-pegged stablecoin. 



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August 22, 2025 0 comments
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A Digital Underground Is Using the Flipper Zero to Break Into Cars
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A Digital Underground Is Using the Flipper Zero to Break Into Cars

by admin August 21, 2025


Its creators call it a “multi-tool” device. For many users, it’s a hacking accessory. Since it first debuted in 2020, the Flipper Zero has been considered a fun, low-key pen-tester, but a new report bolsters claims made by the tool’s critics, many of whom have argued that it makes nefarious hacking just a little too easy.

404 Media reports that claims the Flipper has become a favorite in a digital underground where low-level hackers create and sell their own software to modify the tool’s abilities. 404 spoke with a hacker who goes by the moniker “Daniel,” who has been responsible for peddling patches that can turn the Flipper into a car-unlocking device. This customized software is bought and sold with cryptocurrency, the outlet notes. It has two tiers: one worth $600, in which the buyer gets the latest version of the software, and the other costs $1,000 (wherein the buyer gains access to “future upgrades and support”). The hacker told 404 Media that he had sold his wares to approximately 150 people. “Maybe someone is using it to steal from cars or steal cars,” Daniel told them.

Using the simple software workarounds, would-be car thieves seem to have quite a lot of options. Indeed, Daniel’s software patches are alleged to work on a broad variety of car brands. 404 writes:

Daniel shared a PDF which lays out the vehicles the patches allegedly work against. It names nearly 200 specific models of vehicles, including many 2025 versions. As well as Subaru, Fiat, Ford, Mitsubishi, Suzuki, Peugeot, Citroën, Volkswagen, Skoda, and Audi, the document also says Honda is in development.

Daniel, who markets his software on YouTube, also told 404 that he had instituted guardrails to keep users from “cracking” his software and thus using it without paying him. However, 404 reports that software like the kind Daniel sells is being cracked, which allows for its broader (and free) distribution.

Flipper doesn’t seem to feel that any of this is its problem. In a statement shared with 404, the company claimed that it was “not aware of any officially confirmed cases of theft using a Flipper Zero.” It added: “We have seen reports from researchers who have used Flipper Zero with third-party software and hardware to exploit brazen vulnerabilities in certain cars. We hope car manufacturers will take the security of their products more seriously and patch them up immediately, as carjackers have access to extremely sophisticated black market tools.” Gizmodo reached out to Flipper Devices for more information.

Authorities have long accused the Flipper of aiding and abetting car thieves. In February of last year, the Canadian government moved to ban the tool, along with other “devices used to steal vehicles by copying the wireless signals for remote keyless entry.” At the time, Flipper’s developers said that they were being unfairly scapegoated as the hacker boogeymen behind the nation’s car theft problem. The COO of Flipper Devices, Alex Kulagin, argued that there were many other devices sold online that were specifically marketed as car entry devices. Developers have also argued that the Flipper helps expose shoddy corporate security practices. Canada subsequently walked back the ban.



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August 21, 2025 0 comments
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Jesse Hamilton
Crypto Trends

U.S. Banking Regulator OCC Lifts Enforcement Order From Anchorage Digital

by admin August 21, 2025



Anchorage Digital has moved out from under its U.S. banking regulator’s order that it institute a compliance program to protect against money-laundering abuses, with the Office of the Comptroller of the Currency (OCC) announcing the removal of the cease-and-desist order originally issued in 2022.

“The OCC believes that the safety and soundness of the bank and its compliance with laws and regulations does not require the continued existence of the order,” it said in the termination announced on Thursday.

Anchorage Digital CEO Nathan McCauley, who has emerged as a high-profile representative of crypto interests in Washington, framed the enforcement action as regulatory “feedback” in celebrating its removal.

“We received — and have now resolved — feedback from regulators as we set the standard for federally chartered custody of digital assets,” he said in a Thursday missive on the company’s website, in which he called Anchorage Digital “the world’s most regulated digital asset bank.”

The OCC and other U.S. banking regulators have, since the start of President Donald Trump’s second administration, sought to relax constraints on crypto industry businesses. New OCC chief Jonathan Gould, who was sworn in last month, was an agency veteran who has also worked in the private sector as chief legal officer for Bitfury.

Anchorage Digital was the first crypto bank to win a full-fledged banking charter from the agency that regulates national banks, and after it did so, that window had closed for a time as the regulators during President Joe Biden’s tenure viewed the industry with more suspicion.

More recently, digital assets issuers including Circle, Ripple and Paxos have again started applying to the OCC to start the bank-charter process.



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August 21, 2025 0 comments
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Secure online access with password and login page to manage personal profile account. Secured connection and data security on internet. Cybersecurity and sign in form. User working on laptop computer.
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The government’s spending review: Citizen data and digital identity projects need high security by default

by admin August 21, 2025



The UK government’s spending review in June set out its plans to invest in Britain’s renewal: its security, health and economy.

Digital technologies featured heavily in the review with government pledging that it will provide “funding directly to departments to build strong digital and technology foundations, modernize public service delivery, and drive a major overhaul in government productivity and efficiency.”

One of the ways it has done this is by introducing a GOV.UK Wallet and a GOV.UK App, which aims to deliver more personalized customer experiences and verifiable digital credentials for citizens.


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This is now available to the public in beta form. The government is also creating a new National Data Library to join up data across the public sector and a single patient NHS record, which is due to be available by 2028, so that every part of the health service has a full picture of a patient’s care.

However, if the UK is to realize the benefits of its digital ambitions, it must ensure the public can trust the systems underpinning them.

Sam Peters

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Chief Product Officer, ISMS.online.

The pros and cons of centralizing data

Centralizing citizen data and digital identities has clear benefits. It enables more joined up services, reduces duplications allows for more seamless, personalized user experiences and could improve access and efficiency across the NHS and other public services.

For the NHS, for example, a single patient record could help doctors and specialists deliver better, more consistent care across the health service. For citizens interacting with government departments, a unified app and wallet could simplify administrative tasks and improve digital inclusion.

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Technology Secretary Peter Kyle has said in recent interviews that, “People’s private data will not be shared outside of government.” However, despite the Technology Secretary’s assurances, this approach does come with significant risks. Centralized citizen data represents some of the most sensitive information any organization could hold. Health records, identity details and government interactions, combined in a single system, are a goldmine for cybercriminals.

And no doubt there will be some concerns from the public regarding its security – particularly in light of recent, very public, high profile cyber-attacks. Over the last 18 months, the UK has seen a series cyber attacks on both public and private sector organizations, including health authorities and councils, as well as the recent M&S and Qantas data breaches.

These incidents have highlighted the vulnerability of critical services and the real-world impact of compromised data, from patient safety to public confidence.

As these services become more integrated and reliant on shared data infrastructure, the risk of a breach also grows. A single point of access to multiple datasets can become a high-value target for threat actors. The more data an attacker can obtain from one place, the more appealing, and damaging, a breach can be.

A proactive approach to information security

With these very real threats, a proactive, systems-led approach to information security must be embedded from the outset.

The government needs to ensure that privacy by design and security by default is in every digital service developed. This means applying rigorous access controls, encryption, and secure development practices across every data touchpoint. That said, it is crucial that continuous monitoring for vulnerabilities and suspicious activities happens throughout the system lifecycle – and not just after deployment.

Similarly, the systems need to ensure that they comply with UK GDPR, the Data Protection Act and other relevant standards.

These requirements must be seen not as a burden by the government but as the bedrock of responsible digital innovation.

Building a high-security posture

To meet these heightened security demands, following the guidance provided by internationally recognized security standards, such as ISO 27001, can be a logical place to start to get ahead of the increased risks to highly personal data this approach represents.

Standards such as ISO 27001 offer a structured, repeatable framework for managing risk, protecting information assets and demonstrating compliance. But it’s more than a tick-box exercise, it is a cultural shift in how risk is understood, communicated, and mitigated across every layer of an organization.

If the government embeds the principles of ISO 27001 into its delivery of these new services from the outset, rather than retrofitting them post-launch, it can design services that are both secure and scalable. It can ensure that it is identifying and evaluating new and emerging threats as digital services evolve.

It will also mitigate risks through policy, controls and continual improvement. But it will also be able to demonstrate accountability and transparency to the public – which is key.

Transparency is key to building public trust

Security isn’t just about systems, it is also about perception. The government’s digital strategy must be underpinned by public trust. Clear communication about how data is used, who has access, what safeguards are in place and what recourse citizens have in the event of a breach is essential.

Publishing high-level information security policies, adopting standards like ISO 27001 and engaging with the public on data protection issues will help foster the confidence needed to make digital services work.

Public sector leaders must ensure that information security is not treated as an afterthought. That means prioritizing risk management now – not waiting for a breach to expose the consequences of delay.

We list the best identity management solution.

This article was produced as part of TechRadarPro’s Expert Insights channel where we feature the best and brightest minds in the technology industry today. The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc. If you are interested in contributing find out more here: https://www.techradar.com/news/submit-your-story-to-techradar-pro



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August 21, 2025 0 comments
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Treasury seeks public input on detection of illicit activity in digital assets
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Treasury seeks public input on detection of illicit activity in digital assets

by admin August 19, 2025



The United States Department of the Treasury is seeking public feedback on innovative methods and tools for detecting illicit activity in the digital assets industry.

Summary

  • U.S. Treasury has asked for public comments on tools used to detect and monitor illicit activity in the digital assets ecosystem.
  • The public have until October 17, 2025 to share their input as required under the GENIUS Act.

The U.S. Treasury said in a press release that interested members of the public have an opportunity to provide comments on the techniques or strategies that regulated institutions use to detect and mitigate illicit finance risks in the crypto space. 

Focus areas of the public input will be on four key aspects of the ecosystem. These are: application programming interfaces, digital identity verification, artificial intelligence, and blockchain technology use and monitoring.

Why public input?

The notice fulfills a requirement under GENIUS Act, the landmark U.S. stablecoin law President Donald Trump signed into law in July 2025. According to the government agency, the public have 60 days from the date of publishing the request for comment notice in the Federal Register to give their input, with this deadline set for October 17, 2025.

Public feedback on this matter helps the administration’s quest for policy that supports responsible growth and use of cryptocurrencies. Treasury’s move aligns with Trump’s executive order on “Strengthening American Leadership in Digital Financial Technology,” signed on January 23, 2025.

“Today’s request for comment fulfills Treasury’s obligation pursuant to section 9(a) of the GENIUS Act, which creates a comprehensive regulatory framework for stablecoin issuers in the United States. The GENIUS Act and E.O. 14178 together promote U.S. leadership in digital assets and bolster U.S. national security,” the U.S. Treasury noted.

The GENIUS Act requires the Treasury to use feedback from the public input to inform its research on aspects such as effectiveness of tools, costs involved, privacy features, and the cybersecurity risks of the tools.

In the cryptocurrency and blockchain security and analytics ecosystem, platforms such as Chainalysis and TRM Labs have become critical components with tools to detect and alert on potential threats and risks.



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August 19, 2025 0 comments
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Cbdt Contemplates If India Needs New Virtual Digital Assets Law
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CBDT Contemplates If India Needs New Virtual Digital Assets Law

by admin August 18, 2025



India’s top tax authority, the Central Board of Direct Taxes (CBDT), has begun extensive consultations with cryptocurrency exchanges and industry participants to assess if a new digital asset law is needed. 

As per a report from the Economic Times, the CBDT has asked crypto players if India requires a fresh law for Virtual Digital Assets (VDAs). And if a new law is needed, the CBDT also wants to know which regulator should oversee it. Options include SEBI, RBI, MeitY, or FIU-IND.

The agency is also probing how much Indian crypto trading has moved offshore, particularly to hubs like Dubai. It also wants to understand why traders are leaving India. The initiative indicates that the government might be rethinking its stringent approach to taxing and regulating cryptos. 

India Crypto Tax Concerns

At present, crypto gains face a steep 30% flat tax with no loss set-off, plus a 1% TDS on every trade. Industry players say this has crippled liquidity and pushed volumes abroad. The Indian government admitted it currently lacks a real-time system to track income from cryptocurrency transactions, even after collecting over ₹700 crore in taxes in two years.

CBDT is now asking whether this 1% TDS is too high, and what the ideal rate should be. Further, the agency is deliberating whether disparate TDS norms should be adopted for retail traders, institutions, and market makers.

The survey also addresses operational concerns, such as checking counterparties’ domicile, correctly valuing VDAs, and dealing with peer-to-peer transactions. CBDT has also asked whether Indian exchanges are ready to comply with the OECD’s global crypto reporting framework (CARF), designed to prevent tax evasion across borders.

Expert Opinions and Outlook

Interestingly, some Indian exchanges have started offering futures and options trading, where TDS is lower, but there’s still no legal clarity on derivatives, offshore transactions, or even the precise definition of “VDA.”

Purushottam Anand, Founder of crypto law firm Crypto Legal, said India will likely bring in a complete VDA regulation. He also stated that the government is doing a thorough examination of VDAs this year, based on global issues such as G20 papers and recent legislative studies. Anand stressed that India feels that any rule or ban will be most effective when implemented with strong international collaboration.

Experts believe this consultation could be the first step toward a comprehensive VDA law. According to legal experts, global consensus today is moving towards regulation, not bans. With advanced markets embracing crypto as a legitimate asset class, there’s hope that India may ease taxes and set clearer rules to retain traders.

Also Read: AKTU Becomes 1st Indian Uni to Use Blockchain for 50K Degrees



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August 18, 2025 0 comments
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Why Digital Currency Group Is Suing Its Own Subsidiary Over $1.1 Billion Loan

by admin August 18, 2025



In brief

  • Digital Currency Group has sued its subsidiary Genesis, the now-shuttered crypto lender.
  • The crypto giant claims that a $1.1 billion loan it made to Genesis was more than enough to cover its losses following its 2022 collapse—and that the firm has actually profited.
  • The latest lawsuit comes after Genesis in May sued Digital Currency Group for $3.1 billion.

Digital Currency Group has sued its subsidiary Genesis, claiming that the collapsed crypto lender has actually profited in the long-term following its collapse and subsequent bailout. 

In a lawsuit filed Thursday, DCG said that the $1.1 billion loan it gave to Genesis in 2022 was ultimately more than enough to cover its losses.

Crypto lender Genesis went bankrupt in 2023 as it had lent money to collapsed crypto firm Three Arrows Capital and other firms during the bear market and “crypto contagion” that spread across the industry in 2022.



DCG stepped in with capital to help repay Genesis customers. But in Thursday’s lawsuit, DCG argued that due to a rise in the value of recovered collateral from Three Arrows Capital, its obligations under the promissory note have been reduced to zero. 

This, the lawsuit states, is because the assets from Three Arrows Capital were in Bitcoin and Grayscale Bitcoin Trust shares that have shot up in value since 2022. 

“Genesis ultimately suffered no loss from TAC’s default; rather Genesis has profited by hundreds of millions of dollars (which Genesis is entitled to keep),” the lawsuit said. 

It added: “Because of the significant appreciation in cryptocurrency values since the petition date, this has resulted in recoveries that exceed the dollar value of the creditors’ claims as of the petition date.”

Genesis was a crypto lender run by crypto behemoth DCG. It allowed users to earn cash on their crypto holdings by allowing them to be loaned out to others.

Genesis made billions of dollars in loans to beleaguered crypto firms like Three Arrows Capital and the FTX-linked Alameda Research, which were about to default on their debt due to market contagion stemming from the collapse of Terra. 

When mega digital asset brand FTX collapsed, Genesis announced to clients that it would pause withdrawals from its lending arm due to the “unprecedented market turmoil.”

“DCG took extraordinary efforts to voluntarily support Genesis in 2022, including by issuing a promissory note to Genesis to help close a potential book equity gap resulting from the collapse of Three Arrows Capital,” a DCG spokesperson told Decrypt on Friday. “We have consistently met our contractual obligations under that note, but believe those have now been fully satisfied. We are simply asking the Court to confirm that the valid and binding obligation was fully satisfied.”

Thursday’s lawsuit comes after Genesis in May sued DCG, alleging that its parent company and CEO Barry Silbert made fraudulent transfers from the lender as it was collapsing in 2022. It’s seeking $3.1 billion in damages. 

Editor’s note: This story was updated after publication to include a statement from DCG.

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August 18, 2025 0 comments
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BTC’s Rising Leverage Trades Show Signs of Stress, Galaxy Digital Says

by admin August 18, 2025



Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Leverage in crypto markets is surging back to bull-market levels, even as last Thursday’s pullback reminded traders how quickly overextended bets can unwind.

Galaxy Research’s Q2 State of Crypto Leverage shows crypto-collateralized loans expanded 27% last quarter to $53.1 billion, the highest since early 2022, powered by record demand in DeFi lending and a renewed appetite for risk.

That backdrop set the stage for last week’s shakeout.

Bitcoin’s retreat from $124,000 to as low as $118,000 triggered more than $1 billion in liquidations across crypto derivatives, the largest long wipeout since early August. Analysts framed it as healthy profit-taking rather than the start of a reversal, but it underscored how fragile the market becomes when leverage builds this quickly.

Galaxy’s analysts argue that stress points are already visible.

In July, a wave of withdrawals on Aave pushed ETH borrowing rates above Ethereum’s staking yields, breaking the economics of the popular “looping” trade where staked ETH is used as collateral to borrow more ETH. The unwinding triggered a rush to exit staking positions, sending Ethereum’s Beacon Chain exit queue to a record 13 days.

Galaxy has also flagged that borrowing costs for USDC in the over-the-counter market have been climbing since July, even as on-chain lending rates remain flat.

The spread between the two has widened to its highest level since late 2024. That disconnect suggests demand for dollars off-chain is outpacing liquidity onchain, creating a mismatch that could amplify volatility if conditions tighten further.

With institutional demand and ETF inflows still supporting the bullish backdrop, strategists remain constructive on crypto.

But between ballooning loan volumes, concentration of lending power, DeFi liquidity crunches, and a widening gap between on-chain and off-chain dollar markets, the system is showing more points of stress, Galaxy writes.

Thursday’s $1B flush was a warning that the return of leverage is cutting both ways.

Market Movers

BTC: Volatility has plunged across markets ahead of Jerome Powell’s Jackson Hole speech, with traders betting on September rate cuts, but some warn complacency could mask risks as BTC trades at $118,061.51, up 0.44%.

ETH: A record $3.8B in Ether is queued for unstaking with a 15-day wait, adding potential profit-taking pressure even as ETF and treasury demand surges, with ETH trading at $4,524.10, up 2.13%.

Gold: Gold is trading at $3,332.95, down 0.11%, as hotter U.S. inflation data cut Fed rate-cut bets and left XAU/USD consolidating above key $3,310 support ahead of Powell’s Jackson Hole speech.

Elsewhere in Crypto

  • Stablecoin Boom Has Made Crypto Ramps ‘Sexier’ M&A Targets, Says VanEck VC (Decrypt)
  • Why Circle and Stripe (And Many Others) Are Launching Their Own Blockchains (CoinDesk)
  • Gemini Hires Goldmans, Citi, Morgan Stanley and Cantor as Lead Bookrunners For its IPO (CoinDesk)



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August 18, 2025 0 comments
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