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Spot Ether ETFs rack up $3B in August as ETH hits yearly high

US spot Ether exchange-traded funds (ETFs) have recorded over $3 billion in net inflows in the first two weeks of August, marking their second-strongest monthly performance to date, with more than two weeks left in the month
According to ETF data tracker SoSoValue, spot Ether (ETH) ETFs are set to
IN-10.76%
ETH-1.59%
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Garantex had ‘contingency plans’ last time authorities tried to shut it down

Cryptocurrency exchange Garantex Europe, which was sanctioned on Thursday, could already have a contingency plan allowing it to skirt the impact of US sanctions, says blockchain intelligence firm TRM Labs
On Thursday, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Garantex a
IN-10.76%
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Sorry, ETH holders…you may have to wait longer for all-time highs

A new all-time high for Ether could still be weeks or months away, despite it currently sitting only a few hundred dollars off a new record price, analysts warn
“With ETH near its previous ATHs, we may consolidate for a bit, given the very large run-up in such a short time frame,” Nansen analyst
ETH-1.59%
MAY0.54%
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David Bailey’s Nakamoto closes KindlyMD merger for Bitcoin treasury

David Bailey’s Bitcoin firm, Nakamoto, has completed its merger with healthcare company KindlyMD, forming a publicly-traded Bitcoin treasury vehicle with a plan to accumulate 1 million Bitcoin.
The merged entity will retain the KindlyMD name and continue trading on the Nasdaq under the ticker
BTC-1.94%
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Investors target ‘fun-first’ crypto games as funding jumps 94% in July

Investments in Web3 gaming projects surged to $60 million in July, reversing a three-month lull, with investors now focusing on games built around fun, according to blockchain analytics platform DappRadar.
March still has the highest month for Web3 gaming funding this year at $69 million, but
FUN1.67%
GAMES-2.01%
IN-10.76%
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Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war

American Bitcoin, a Bitcoin (BTC) mining company backed by members of US President Donald Trump’s family, exercised an option to purchase up to 17,280 application-specific integrated circuits (ASICs), hardware for crypto mining, from Bitmain earlier this month.
The mining company purchased a
TRUMP-3.13%
BTC-1.94%
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Citigroup weighs crypto custody as ETFs, stablecoins gain momentum

Wall Street giant Citigroup is weighing plans to offer cryptocurrency custody and payment services, aiming to capitalize on a market bolstered by Trump-era regulatory approvals and pro-industry legislation.
Biswarup Chatterjee, a Citigroup executive, told Reuters that the bank’s initial focus
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Bitcoin’s all-time high gains vanished hours later: Here’s why

Key takeaways:
BTC futures premium remains neutral, indicating traders were unfazed by the recent $6,630 price drop.
The Bitcoin options skew and macroeconomic concerns suggest limited appetite for a breakout above $120,000.
Bitcoin (BTC) faced a sharp rejection after reaching a $124,089
BTC-1.94%
WHY-4.91%
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US Treasury’s OFAC sanctions crypto exchange Garantex for second time

The US Treasury’s Office of Foreign Assets Control (OFAC) has redesignated cryptocurrency exchange Garantex Europe to its list of sanctioned entities.
In a Thursday notice, OFAC said it had redesignated Garantex as well as sanctioned its “successor,” Grinex, three Garantex executives and six
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