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OSL Group today announced that its subsidiary OSL Bermuda Limited has obtained a full Class F license for digital asset business issued by the Bermuda Monetary Authority (BMA). This license will allow OSL to conduct transactions related to digital assets, payments, custody, lending, derivation, and exchange operations in Bermuda, providing customers with secure and diverse compliance services. This move provides a new pathway for OSL to expand its international compliance business.
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OSL Group (OSL Bermuda Limited) has obtained a full F-level license for digital asset business issued by the Bermuda Monetary Authority (BMA). This license is the highest level under the local regulatory framework, allowing for a range of digital asset-related services including trading, custody, and derivation. This move provides OSL with a new pathway to expand its international Compliance business.
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According to Wu, BaseScan data shows that the Base network is experiencing abnormalities, with the latest Block Height remaining at 33792704, and no new blocks have been produced for 19 minutes. It also indicates that the Base network is experiencing abnormalities.
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SEC Chair: Don't let regulation become a stumbling block for innovation.
Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), announced the launch of a program called "Project Crypto" aimed at advancing on-chain and compliance innovation in the U.S. capital markets. He pointed out that existing rules are mostly applicable to traditional manufacturing businesses and struggle to cover product forms centered around crypto assets. The SEC will evaluate and may repeal "outdated rules" that are not applicable to the crypto space to support the development of tokenized asse
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British man James Howells denies that he has given up searching for the hard drive containing 8,000 Bitcoins. On July 1, he submitted a proposal to the Newport City Council for a landfill acquisition and excavation worth between $33 million and $40 million, and planned to raise funds through the issuance of Ordinals Tokens. However, after receiving no response at all, he decided not to pursue the plan any further, but has not given up on the ownership of the hard drive or other recovery methods. (TheBlock)
BTC-0.28%
ORDI0.64%
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According to Wu, based on SoSoValue data, yesterday (Eastern Time August 4th), the total net outflow of Bitcoin Spot ETF was 333 million USD. The ETF with the highest single-day net inflow yesterday was Bitwise ETF BITB, with a single-day net inflow of 18.7428 million USD, and a historical total net inflow of 2.278 billion USD. The ETF with the highest single-day net outflow yesterday was Blackrock ( ETF IBIT, with a single-day net outflow of 292 million USD, and a historical total net inflow of 57.305 billion USD.
SOSO1.83%
BTC-0.28%
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According to Wu, based on SoSoValue data, yesterday (Eastern Time August 4) the total net outflow of Ethereum Spot ETF was $465 million. The ETF with the highest single-day net outflow yesterday was Blackrock's ETHA, which had a single-day net outflow of $375 million, and currently, the historical total net inflow of ETHA has reached $9.367 billion.
SOSO1.83%
ETH2.09%
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According to Bloomberg, the U.S. SEC has issued temporary accounting guidance allowing U.S. dollar stablecoins that meet certain conditions to be classified as "cash equivalents," providing a simplified path for financial statement treatment. This transitional measure aims to provide operational guidance and clarity to the market before comprehensive regulations are implemented.
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According to the Wall Street Journal, the White House is preparing to sign an executive order to impose fines on banks that close accounts for political reasons, focusing on instances of alleged discrimination against conservatives and encryption companies. The order requires regulators to investigate whether financial institutions have violated the Equal Credit Opportunity Act, antitrust laws, or consumer protection laws, with violators potentially facing fines, consent orders, or other penalties.
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According to Wu, the Bonk team announced that they have burned 300 billion BONK tokens from the protocol fees generated by LetsBONK fun, worth about 8 million USD at the time.
BONK-6.44%
FUN-1.41%
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Wu learned that Caroline D. Pham, the acting chair of the Commodity Futures Trading Commission (CFTC), announced the launch of a plan to list spot encryption asset contracts on futures exchanges (DCM) registered with the CFTC, as the first measure to implement the recommendations of the Presidential Working Group on Digital Assets Market report. The plan aims to clarify how leveraged, Margin, or financed retail trading of encryption assets can be conducted on DCM under the existing legal framework.
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Figure Technology Solutions, co-founded by SoFi's Mike Cagney, secretly submitted an S-1 draft registration statement for an initial public offering (IPO) to the SEC on Monday, planning to go public within the year. Figure is a "blockchain-native capital market" that seamlessly connects origination, financing, and secondary market activities, and is the "largest non-bank home equity financing provider." The company has previously raised a total of $120 million. (The Block)
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Wu reported that Adam Weitsman, the founder and CEO of Upstate Shredding – Weitsman Recycling, one of the largest private scrap metal recycling and processing companies in the northeastern United States, announced that he has directly purchased over 5,000 Otherside-related assets from Yuga Labs, including Otherdeeds, Mega Kodas, and Weapon Kodas, as part of his long-term investment, and committed to continuing to acquire more through the Secondary Market this year.
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According to Wu, Onchain Lens monitoring has found that Sharplink Gaming has added 18,680 ETH (approximately 66.63 million USD) to its strategic reserve address (0xCd9e09…F5F75) today. The address currently holds approximately 498,884 ETH, which is about 1.8 billion USD at current prices.
ETH2.09%
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Trump plans to appoint successors for the Federal Reserve Board of Governors and the Director of the Bureau of Labor Statistics in the coming days, stating that several candidates are being considered. Federal Reserve Board member Adriana Kugler resigned early on August 8, and the departure of BLS Director Erika McEntarfer is believed to be related to the lower-than-expected July non-farm payroll data and its historic downward revision. (CNBC)
TRUMP-0.71%
BLS2.09%
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The cryptocurrency exchange Bullish, supported by Peter Thiel, has submitted an IPO prospectus to the U.S. SEC, planning to raise up to $629 million, with a corresponding valuation of up to $4.23 billion, and intends to convert part of the raised funds into US dollars stablecoin. Benefiting from favorable information such as the GENIUS Act, Bullish has restarted its listing plans and has acquired the crypto media CoinDesk. The CEO is former NYSE president Thomas Farley. (Reuters)
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Wu learned that MARA Holdings announced its operating data for July 2025, producing 703 BTC that month, a decrease of 1% compared to the previous month; the total holdings increased to 50,639 coins, setting a new record. MARA stated that the output slightly declined due to the global rise in Computing Power and the increase in Mining Difficulty, but the overall hashrate rose by 3% month-on-month. Additionally, MARA is advancing the launch of its Texas wind farm data center.
BTC-0.28%
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