Sujal

$2.2T WELLS FARGO TO LAUNCH TOKENIZED DEPOSITS

Wells Fargo is reportedly preparing to roll out tokenized deposits for corporate clients, bringing traditional bank deposits onto blockchain rails

BINANCE LAUNCHES BTC-BACKED LITE LOAN

Binance now lets users borrow up to 1,000 USDT against BTC

• 30-day fixed loan term
• No price-triggered liquidation during the first 30 days
• 0.5% promo fee until Sept 3

After 30 days, normal liquidation rules apply

INDIA EXPANDS CRYPTO TAX REPORTING

India has introduced new crypto-asset reporting rules under Section 509

• Tracking started: Jan 1, 2026
• 198-page CBDT guidance note released
• Exchanges must report crypto transaction data
• First reporting cycle comes in 2027
• Global crypto data sharing begins from 2027

⚠️ The major change is reporting, not the crypto tax rate

🇮🇳 INDIA SUMMONS META

India will meet Meta’s global team on August 5–6 over:

• AI-generated content
• Child abuse content
• Verified account safeguards
• Faster removal of harmful accounts
• Algorithmic bias

🇮🇳 ED SEIZES ₹8.54 CRORE IN BITCOIN SCAM CASE

India's ED has attached ₹8.54 crore in assets linked to the alleged BTCFUND scam

💰 Total assets attached now stand at ₹13.10 crore

ED alleges investors were lured with promises of high Bitcoin returns

BLACKROCK BRINGS $15T ASSET MANAGER INTO TOKENIZED FUNDS

BlackRock has launched two new tokenized money market funds:

• BSTBL — launched on Ethereum
• BRSRV — designed for multi-chain access

Both are aimed at serving as reserve assets for U.S. stablecoin issuers under the GENIUS Act

🏦 Another major step toward bringing traditional financial assets on-chain

SAYLOR RESPONDS: “I HAVE NEVER SOLD MY BITCOIN”

Michael Saylor says he has never sold a single satoshi of his personal $BTC

“Strategy is a public company, not my wallet.”

He says Strategy’s corporate Bitcoin decisions are separate from his personal holdings

💰 $32,000+ $BTC Sold at a Loss in One Day

Over 32,000 $BTC were sent to exchanges at a loss by short-term holders on August 1st, according to CryptoQuant's Darkfost.

This represents one of the largest loss-selling events in 30 days.

BINANCE EXPANDS INTO GOLD & SILVER OPTIONS

Binance is launching direct commodity options on Gold (XAUUSDT) and Silver (XAGUSDT)

• USDT-settled
• European-style options
• No physical delivery
• Buyers’ max loss = premium paid

🔥 Maker: 0% | Taker: 0.02%

Crypto traders can now access more traditional markets from one platform

Join Binance & trade

$1 BILLION IN BTC MOVED FOR UNDER $9

A single Bitcoin transaction moved 16,400 $BTC, worth around $1.03B

💸 Network fee: just $8.86

Moving over $1 billion globally for less than $9 — Bitcoin’s network efficiency is on full display ₿

JULY CRYPTO HACK LOSSES TOP $210M

30 major exploits caused $210.3M in losses — nearly 3x June’s losses

Coldcard: $88.6M
AFX & Ostium: $24M each
Bonk: $21.2M
Wanchain: $13M

⚠️ Coldcard losses have now reached 1,367 BTC

🇺🇸 Trump Media transfers 2,628 BTC worth ~$165M to Cryptocom

The reason remains unclear, and the transfer does not necessarily mean a sale

STRATEGY COULD SELL UP TO $5B IN BITCOIN

Strategy may monetize part of its massive $BTC holdings to:

• Build USD reserves
• Fund preferred dividends
• Cover interest payments
• Support share buybacks

The company has already sold around $218M worth of BTC this year for preferred dividends

GOOGLE EARTH ROLLS BACK NEW AI FEATURE

Less than 24 hours after launch, Google scrapped the tool after users created realistic fake images of:

• Military strikes
• Disaster zones
• Nuclear sites

The internet was quickly flooded with AI-generated fake satellite imagery

🇮🇳 INDIA APPROVES ₹84,084 CR OIL PLAN

Cabinet clears Samudra Manthan for offshore oil & gas exploration

🌊 Focus:
• Deep & ultra-deepwater drilling
• Seismic surveys
• Shared offshore infrastructure

🛢 Aim: Strengthen energy security and reduce global oil shock risks

🌍 CRYPTO TAXES AROUND THE WORLD

Rates vary massively by country.

🇦🇪 UAE — 0%
🇸🇬 Singapore — 0%
🇮🇳 India — 30%
🇯🇵 Japan — Up to 55%

Same crypto, very different tax burden 💰

CZ WARNS ABOUT SATOSHI’S BTC

CZ says Satoshi’s Bitcoin
could be frozen if it stays inactive

👀 His concern
Even dormant wallets can be hacked

⚠️ A compromised key could put
~1M $BTC at risk

⚡️ 5 Central Banks Test Tokenized Cross-Border Payments

The test involved 5 central banks and 28 major financial institutions, and was successful in facilitating tokenized cross-border payments.

The move is a significant step towards streamlining international transactions, and could have major implications for the future of global finance.

🚨 $38 Million Bitcoin Stolen in Coldcard Wallet Exploit

The theft reportedly occurred due to a Coldcard wallet exploit, with the exact method of the hack not yet disclosed.

The stolen amount is valued at over $38 million in Bitcoin, according to reports.

⚠️ Always prioritize wallet security and use best practices to protect your assets.