Welcome back to another episode of Daily Crypto News. Today is Friday, Aug. 15. Happy Freitag. I’ll tell you why I think Freitag is better than Viernes. Either way, it’s Friday, and that means crypto never sleeps.
Also, keep an eye on our Substack — we’ve got a piece coming out this weekend straight from the depths of a Berlin HackerHouse on Polkadot.
Today’s Headlines
Coinbase acquires Deribit in the largest crypto deal in history
“We just closed the biggest deal in crypto history. Deribit is the #1 crypto options exchange by volume and open interest. And now it’s officially part of Coinbase! Excited to start working together,” says Emilie Choi, Coinbase COO and President.
$2.9B cash-and-stock deal.
Deribit, founded in 2016, handled over $1T in annual trading volume in 2024.
US users still can’t access it (for now).
Bessent does the flip-flop dance
Midweek: “US is not going to be buying Bitcoin” → Bitcoin dumps $55B in market cap in under an hour.
Today: “We are exploring budget-neutral ways to buy Bitcoin.”
Result: Markets whiplash.
SEC Chair Paul Atkins on Fox News
“We are working to make the USA the crypto capital of the world.”
Axie Infinity comes back to Ethereum
Moving Ronin chain back to ETH as an L2.
Goal: become the Ethereum gaming chain.
Stablecoin waves
Tether mints $1B USDT on Ethereum.
Binance sees $1.82B in stablecoin inflows in hours → possible big buying coming.
Tokenomics nuke at OKX
Permanently burns 279M OKB worth $26B, and token hit all-time highs.
Supply cut from 300M to 21M tokens.
Hasu: “Proof the market overestimates the true float of many tokens.”
Solana Seeker phone reviews
V1 Saga was… bad. No QR code scanning without a separate app.
New model gets positive reviews from Mert (Helius) and Gareth Jenkinson (Cointelegraph).
The Year So Far — Rapid-Fire Recap
Robinhood, Stripe, Circle launch their own chains.
Tom Lee & Joe Lubin buy billions in ETH.
ETH: $1,400 → $4,800 moonshot in months.
Pumpdotfun launches a token.
Sitting US President drops memecoins for family.
Executive admin launches a Crypto Task Group.
Ruling: 99% of crypto is not a security.
Coinbase buys Deribit.
LittleBitz
10 Years of Etherscan
Ethereum’s data trailblazer. Clean, simple, essential. Every chain wishes they had an Etherscan.
Pump.fun dev pleads guilty
Former senior developer stole ~$2M in Solana.
Cami InThat Thang leaves Berachain
Yes, the same BeraBaddie we wrote about last summer.
Now that Matt and I are both kinda settled into home bases for the first time in years. You may see some changes in content coming to the Substack. We want to do a bit more investigative stuff. So please head over there if you aren’t subscribed yet. We’ve have more than just this podcast folks.
And this is a labor of live. We all do this as side project and really get nothing in return. It’s so fucking important to be educated on these topics. As someone who’s been scammed and fucked up more times than he wants in this industry. So happy hodling, take gains, and be safe. Not financial advice, though.
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!
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