News & Research

The combined market capitalization of Tether Gold (XAUT) and Pax Gold (PAXG), two tokenized gold assets issued on the Ethereum network, now stands at $2.2 billion, Unfolded reported, citing data from Token Terminal.

Cango, the Chinese auto trading service platform that previously acquired $256 million in BTC miners from Bitmain, announced it mined a total of 153.2 BTC this week. The company made no sales during the period and currently holds 5,126.8 BTC.

Japan's Financial Services Agency (FSA) has included a proposal to establish a new department dedicated to cryptocurrency in its 2026 budget request to the government, according to a report from local crypto media outlet CoinPost. The agency stated it plans to create a new Cryptocurrency and Innovation Division that would be dedicated to overseeing digital assets and cashless payments.

The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) announced that the core Personal Consumption Expenditures (PCE) Price Index rose 0.3% in July from the previous month, matching economists' expectations. On a year-over-year basis, the index increased by 2.9%, also in line with the consensus forecast. The Federal Reserve considers the core PCE price index, which excludes volatile food and energy prices, its preferred measure of inflation.

Florida's state pension fund holds approximately 240,000 shares of Strategy (MSTR) stock, valued at $80 million, according to Bitcoin Historian.

Cryptocurrency firms raised a total of $1.8 billion in August, according to DL News. The fundraising brings the year-to-date total for the sector to $15 billion, an amount that already exceeds the total investment raised throughout all of last year.

Dutch cryptocurrency service provider Amdax announced that it has raised $23.4 million, which it plans to use for strategic investments in BTC.

Luxury fashion brand Gucci will begin accepting cryptocurrency payments, including ETH and DOGE, at select stores in the United States, Solid Intel reported.

Crypto gaming technology startup PlaysOut is considering raising up to $15 million at a valuation of $150 million, Bloomberg reported. According to people familiar with the matter, the company is currently in discussions with Middle Eastern sovereign wealth funds and global venture capital firms about the potential investment. PlaysOut is also a partner of Tencent, China's largest IT company.

Digital asset manager CoinShares posted a net profit of $32.4 million for the second quarter, a 5.3% decrease from the prior quarter but a 1.9% increase year-over-year, The Block reported. Meanwhile, the firm’s assets under management grew 26% quarter-over-quarter to $3.5 billion, driven by rising prices for BTC and ETH.