RazorEc

Bitcoin $BTC closes August with a gain of ~24%. From lows near $63,000 to brushing $81,000. It’s the best performance for this month since 2017.

August usually is red. This year was the opposite: massive short liquidations, strong ETF inflows in the middle of the month, and a close near $78,000. When a decade-long pattern is broken this clearly, it’s worth paying attention.

Are we seeing a regime change, or just an exceptional month?
#bitcoin

Strategy sold shares for more than $600M and allocated almost $370M to buy 4,603 Bitcoin $BTC at an average of $80.318. Total holdings: 845.050 BTC. Saylor only posted two words on Sunday: “We’re Back”.

After two months of pause and having sold some BTC to strengthen the balance, the company is back to accumulating at a moment when its holdings are already in profit. This isn’t noise. It’s the biggest corporate holder saying the game is still on.

How much real weight does Strategy’s demand still have in this market?

Source: CoinDesk
#MichaelSaylor

A hacker inflated TONIC ~100x in 20 minutes and used that “guarantee” to drain Tectonic on Cronos. Estimate: ~$75 million. The network completely stopped, and only ~$6M managed to leave for Ethereum.

It’s the same pattern as Mango Markets in 2022, except now it’s on an L1 tied to Crypto.com. The fact that it’s still so easy to manipulate a low-liquidity governance token should worry us more than it does.

How long are we going to keep allowing illiquid collateral to be the weak point of the entire system?

Source: The Block

FD.01 · CLOSED
Correct answer: bitcoin
Expired Red Packet.

🧧 See you next Friday for FD.02.
#FridayDrop

Circle has just become the front-of-shirt sponsor of Chelsea. $USDC va will appear on the shirts of the first team, the women’s team, and the academy starting with the 2026/27 season.

This is not a stadium banner. It is the most visible space in English football occupied by a regulated stablecoin.

Does this really bring the digital dollar closer to ordinary people, or is it just a very expensive shirt?

Source: Chelsea Website
#chelsea

Ethena Foundation bought the blocked tokens from seed investors who had been selling; it will eliminate the monthly VC unlocks and proposes to allocate 95% of net revenues to buybacks of $ENA once $USDE grows.

This is an unusually direct tokenomics cleanup. They remove structural sellers and are betting that the protocol will generate real value for the token.

Do you think this kind of move ends up becoming the standard that other protocols will have to copy?

Source: The Block
#ethena

The SEC has already given the green light to Evernorth’s S-4. On September 30, shareholders vote and, if everything goes well, the largest public treasury vehicle with $XRP cotizará will trade on Nasdaq as XRPN.

It’s not an ETF. It’s a company that wants to actively manage XRP on its balance sheet and offer that exposure to any traditional brokerage account. Do you think this kind of structure ultimately becomes the real bridge to institutions, or just another layer of intermediation?

Source: The Block
#NASDAQ

FRIDAY DROP · FD.01 🧧
A question. An answer. A Drop.

QUIZ
Which cryptocurrency uses the ticker BTC?

Answer correctly in the comments to unlock the Drop.

Good luck. #FridayDrop

Charles Schwab has just announced that it will add Solana $SOL , Avalanche $AVAX and Chainlink $LINK to Schwab Crypto. The platform that already offers Bitcoin and Ethereum now opens the door to three key networks for nearly 40 million accounts.

This is not just another listing. It’s a traditional $11 trillion broker saying these chains deserve to sit alongside the stocks and funds of its clients.

Does this really change who buys and why, or does it simply add another distribution channel?

Source: Charles Schwab

🔴 We’re live! 🔴

FRIDAY DROP is about to start. 🧧

Starting this week, every Friday there will be an exclusive Drop for those who are part of this community.

One question. One answer. One Drop.

FRIDAY DROP · FD.01
Friday, August 28
13:00 Ecuador | 18:00 UTC

See you tomorrow.
#FridayDrop

StarkWare has just mined the first quantum-resistant Bitcoin transaction on mainnet $BTC en. Without a soft fork, using signature grinding and hashes. It’s a technical “lifesaver” that closes the attack window in the mempool.

But it costs hours of computation and hundreds of dollars. StarkWare itself says it doesn’t replace a real protocol upgrade.
Do you think this kind of temporary solution delays or accelerates the debate about a post-quantum soft fork?

Source: StarkWare
#StarkWare

Grayscale has just listed ZCSH, the first Zcash spot ETF ($ZEC ), on NYSE Arca. The privacy coin officially enters the institutional market.

The fee is high (2.5%), and a portion is reinvested in the ecosystem. After years of being “too private” for institutions, Zcash has finally crossed that line.

Does this strengthen the privacy narrative or make it more “Wall Street friendly” than some would like?

Source: The Block
#ZcashETF

Standard Chartered has just become the first bank to distribute the HKDAP stablecoin, the Anchorpoint-regulated Hong Kong dollar. They will start with institutional clients: settlements, fund subscriptions, and cross-border payments.

This is not a startup experiment. It’s an $850 billion-asset bank putting a regulated stablecoin into its distribution network.
Are we seeing the moment when stablecoins stop being only “crypto” and start becoming real financial infrastructure?

Source: CoinDesk
#StandartChartered

Someone spent around 2 $ETH y and took $8.5 million from the Meta Vaults of Term Finance. They bought enough voting power in a system with almost nonexistent participation and redirected the funds.
It wasn’t a classic smart contract bug. It was cheap governance exploited to the fullest.

How many protocols are still operating with such concentrated voting power and so little usage that an attack costs less than a fancy coffee?

Source: CoinDesk
#governance

BounceBit $BB acaba taking an unusual decision: shutting down its own blockchain forever after an exploit of about $3 million and migrating everything to the BNB Chain. The attacker used an authorization flaw in the Evmos stack; there was no theft of private keys.

Instead of trying to patch and continue, they chose to reissue the token as a BEP-20 with a pre-attack snapshot. It’s a pragmatic move that says a lot about the real cost of maintaining an L1.

Are we seeing the beginning of the end for many “custom” chains that can’t justify their existence?

Source: The Block
#bouncebit #BNBChain

Zcash $ZEC acaba broke above $800 for the first time since 2018. Grayscale filed the fifth amendment to convert its trust into a Zcash ETF and is aiming to list it on NYSE Arca in the coming days.

This is the first serious attempt at a spot ETF for a privacy asset in the U.S. After years in which the privacy narrative seemed secondary, the market is paying attention again.

Do you think this kind of institutional product strengthens the thesis behind privacy coins, or forces them to dilute what makes them unique?

Source: The Block
#zcash

Bitcoin $BTC has broken through $77.000 again, and in two days more than $4.000 million was wiped out in short positions. At the same time, spot BTC ETFs $ETH put in nearly $800 million.

This isn’t just a squeeze. There’s Treasury liquidity lowering yields and signals from the White House pushing the Clarity Act.

The real question: is this the start of a different phase, or just a liquidity rebound that fades when leverage is exhausted?

Source: CoinDesk