Crypto Industry News & Market Trends

Why major crypto asset manager’s 25% buyback plan might recycle shares to employees instead of shrinking supply

The proposed CoinShares buyback authority would cover up to 25% of its ordinary shares. But because CoinShares could keep any purchased stock in treasury and later transfer it through employee awards, the proposal cannot by itself guarantee a permanent reduction in the share count.　　CoinShares filed notice of a Sept. 15 virtual extraordinary general meeting with the US Securities and Exchange Commission on Aug. 24. The package combines two forms of capital flexibility, buyback and treasury-share authorities, with adoption of an employee equity plan whose share-reserve size shareholders had already approved.　　Under the meeting notice and proxy, Resolution 1 would let CoinShares repurchase as much as 25% of its issued ordinary shares excluding treasury stock. The filing lists 131,780,209 shares in issue and no shares in treasury at that time. It sets a purchase-price range of $0.01 to $20 per share.　　Related Company CoinShares Digital asset investing platform　　However, those figures are ceilings rather than an execution plan. The CoinShares buyback authority is not a commitment to use the full amount. CoinShares said it does not currently intend to use the full authority; any purchases would depend on market conditions, its financial position and competing investment opportunities.　　What the CoinShares buyback authority would allow　　Resolution 2

08-25Industry

Some Bitcoin holders tax bill is now set when they leave the country instead of when they sell

In Canada, Australia, and a handful of other countries, leaving now triggers a tax bill on Bitcoin gains that have never been sold. Both countries treat the moment someone stops being a tax resident as a disposal, calculating the gain at that days market price whether or not a single coin ever changes hands.　　Related Asset Bitcoin #1 BTC · $79,057.88 24-hour change: up 0.05% 24H Up 0.05% 7D Up 23.30% 30D Up 22.81%　　Jeremy Savory, CEO of the relocation firm Millionaire Migrant, said more of his clients in Canada, Australia and the UK now want to move before an expected Bitcoin rally, well before any decision to sell.　　He told CryptoSlate:　　“The planning question has moved from where to when.”　　Why residency has become the variable for Bitcoin holders　　Automatic exchange sends transaction data to the jurisdiction where a holder is officially considered tax resident. That is a distinct legal status from simply holding a tax identification number somewhere, and Savory calls conflating the two the biggest misconception among his clients.　　Under the CRS and the newer Crypto-Asset Reporting Framework (CARF), the reporting obligation sits with the provider, the bank or exchange itself, so the report follows the person regardless of where the asset itself moves.　　The

08-25Industry

Bitmine extends 14-month ETH buying pace as Ether breaks above $2.5K

Tom Lees Bitmine Immersion Technologies continued its accumulation of Ether last week, adding to its holdings as the cryptocurrency staged a sharp breakout following a prolonged downturn.　　The company disclosed Monday that it purchased 32,447 Ether (ETH) last week, bringing its total holdings to 5,847,611 ETH, or roughly 4.8% of Ethereums circulating supply. Bitmine has acquired ETH every week since launching its Ethereum treasury strategy on June 30, 2025, extending its buying streak to roughly 14 months.　　The companys NYSE-traded shares were up about 8.7% to open the week, poised to extend their almost 28% gains over the past six months.　　Bitmine is now 97% of the way toward its stated goal of owning 5% of the ETH supply. It has also staked 5.07 million ETH, representing about 87% of its holdings, and reported combined crypto, cash, securities and other investments of $14.9 billion.　　The latest purchase coincided with a sharp rally across Ether and the broader cryptocurrency market. ETH has outperformed Bitcoin since last Wednesday, when the US Treasury announced plans to double its monthly purchases of certain longer-dated US Treasurys to $4 billion from $2 billion beginning next month.　　Ether has gained more than 32% since the announcement, breaking above $2,500 for the

08-25Industry

US targets Irans crypto sector, cites over $100M in oil-linked payments

The US Treasury has expanded its Iran sanctions framework to cover the countrys digital asset sector, citing more than $100 million in crypto payments allegedly used to facilitate Iranian oil sales.　　On Monday, the Treasury said the Office of Foreign Assets Control (OFAC) issued sectoral sanctions determinations covering digital assets, technology, gold, aviation and shipping. The agency also sanctioned nearly 60 entities, individuals and vessels across nuclear, missile, cyber and oil networks.　　The digital asset determination allows OFAC to sanction foreign individuals and companies that operate in or provide services supporting Irans digital asset sector. The Treasury said Iran increasingly uses crypto as a “tool of choice for sanctions evasion,” including for transactions linked to the Islamic Revolutionary Guard Corps (IRGC) and government insiders.　　It alleged that UAE-based Ukrainian broker Ivan Obukhov processed over $100 million in crypto payments since 2023 to facilitate oil sales on behalf of the IRGCs Quds Force. OFAC sanctioned Obukhov and his UAE-based company, Foscom FZE.　　US widens crypto enforcement against Iran　　The sector-wide measure follows a series of US actions against named crypto exchanges and wallets linked to Iran. In January, OFAC sanctioned UK-registered Zedcex and Zedxion, marking its first Iran-related designations of digital asset exchanges.　　On June 3, the

08-25Industry

Galaxy puts Coldcard hack losses at 1,789 BTC, with 87% unmoved

The vast majority of Bitcoin stolen in the Coldcard hack remains unmoved, according to researchers tracking one of the largest hardware wallet exploits.　　Galaxy Research has attributed the theft of 1,789.28 Bitcoin from 8,865 addresses to the Coldcard hack, according to a Monday X post by Alex Thorn, Galaxys head of research. The funds were worth $114.7 million at the time of theft.　　Thorn said attackers have not spent 1,561 Bitcoin, or 87.3% of the attributed losses. The funds remain in attacker-controlled collection or holding addresses, including all Bitcoin stolen during the first three attack waves.　　Some Bitcoin stolen in later attacks has since moved through CoinJoin transactions, peel chains and other obfuscation methods, Thorn added.Source: Alex Thorn　　The latest tally draws partly on 221 victim reports covering 790.72 Bitcoin in losses, or 44.2% of the total Galaxy attributed to the hack. The median loss per report was 1.04272 Bitcoin, meaning more than half of the reported cases involved losses exceeding 1 Bitcoin.　　The largest stolen holdings remain visible onchain in attacker-controlled addresses. Galaxy has shared the identified attacker addresses with crypto exchanges, compliance companies and law enforcement in hopes that the funds can be frozen if they reach centralized intermediaries.

08-25Industry

Thailand moves closer to Bitcoin, Ether ETFs with draft rules

Thailands Securities and Exchange Commission (SEC) has advanced its framework for locally listed spot Bitcoin and Ether exchange-traded funds (ETFs) from proposed principles to draft regulations while revising its approach to foreign digital asset custodians.　　The regulator said Monday it is seeking feedback on two consultation papers. One contains draft regulations for Thai crypto ETFs, while the other proposes principles governing the qualifications of foreign digital asset custodians engaged by mutual and private funds investing in digital assets.　　During the initial stage, asset managers could establish passive ETFs tracking Bitcoin (BTC) or Ether (ETH), the only two eligible crypto assets.　　The draft regulations follow an April consultation on the frameworks broader principles. The SEC said most respondents supported the framework but provided feedback on custody arrangements, prompting the regulator to revise its proposed approach.　　The framework forms part of Thailands ambition to become a global digital asset hub for institutions.　　Bitcoin and Ether ETFs would trade on Thai stock exchange　　Under the proposed rules, Bitcoin and Ether ETFs would trade exclusively on the Stock Exchange of Thailand (SET). Each ETF would track a single crypto asset and would need to maintain average net exposure of at least 80% of its net asset value to that asset

08-25Industry

Thailand advances spot Bitcoin and Ether ETF rules with 80% exposure floor

Thailand has moved its planned spot Bitcoin and Ether exchange-traded fund framework into the draft regulation stage, setting an 80% minimum exposure requirement while keeping domestic digital asset custodians as the primary custody option.　　Thailands Securities and Exchange Commission said on Aug. 24 that it had opened two public consultations covering draft rules for locally established crypto ETFs and revised qualification standards for foreign digital asset custodians serving mutual and private funds.　　The latest proposal advances a framework first put out for public comment in April, when the regulator sought views on the main principles governing crypto ETFs, investment management and custody. Most respondents supported the plan, according to the SEC, although feedback on custody arrangements led officials to revise part of the original approach.　　During the first stage, asset management companies would be allowed to establish passive ETFs tracking only Bitcoin or Ether. Each fund would follow a single cryptocurrency, limiting the initial framework to the two assets the regulator currently considers sufficiently liquid and widely accepted for the product.　　The SEC will accept comments on both consultation papers until Sept. 20 before proceeding with the regulatory process.　　Thailand crypto ETFs would need at least 80% exposure　　Under the draft rules, locally established crypto ETFs

08-25Industry

Solana (SOL) Overtakes XRP With $20 Million Upside on ETF Market

Solana has significantly outperformed XRP on the ETF market. Daily inflows of about $20 million, according to the most recent fund-flow data, certainly reflect the growing demand among institutional investors.　　Two breakthrough, but different magnitude　　As both assets attempt significant technical breakouts, the difference between them is certainly growing. In contrast to XRP, which only recorded $13.82 million in one-day net inflows, Solana products recorded roughly $33.49 million, according to the ETF data provided.　　XRP/USDT Chart by TradingView　　For the session, that puts SOL ahead by about $19.67 million. However, the longer-term data paint a more nuanced picture. Solana has about $1.22 billion in cumulative net inflows, whereas XRP ETFs have amassed about $1.57 billion.　　Additionally, compared to Solanas $1.21 billion in ETF net assets, XRP has about $1.44 billion. Consequently, rather than winning the entire ETF race, Solana is winning the most recent round. Nevertheless, given SOLs price movement, current demand seems especially pertinent. Solana broke through its major moving averages and shot up from the mid-$70 range to about $100.　　Most significantly, SOL is currently trying to establish itself above the psychologically significant $100 threshold after clearing the long-term average at $89.45. During the breakout, volume increased significantly, lending the move more legitimacy.　　Is Solana

08-25Industry

US Can Now Sanction Anyone Operating in Iran's Crypto Sector

In briefOFAC has issued a sectoral determination covering digital assets, letting it sanction any person worldwide who operates in that part of Irans economy.It is one of five determinations issued at once, and builds on earlier ones covering Irans financial and petroleum sectors.Among nearly 60 designations, one shadow fleet broker is accused of processing more than $100 million in crypto payments for the IRGCs Qods Force.　　The U.S. Treasury has given itself the power to sanction anyone in the world operating in Irans digital asset sector, part of a campaign announced Monday that Secretary Scott Bessent has dubbed Economic D-Day.　　The Office of Foreign Assets Control issued five sectoral determinations under Executive Order 13902, covering digital assets, technology, gold, aviation and shipping. The digital assets determination means OFAC can now designate any foreign person operating in or providing services to that sector, regardless of where they are based, a reach it previously held over Irans financial and petroleum industries.　　Today, at President Trumps direction, the U.S. Department of the Treasury has begun Operation Economic Outcast: an unprecedented, whole-of-government, economic campaign against the Islamic Republic of Iran and its enablers. https://t.co/bvOAn6GPyP　　— Treasury Department (@USTreasury) August 24, 2026　　Treasury said the regime “increasingly turns to cryptocurrency

08-25Industry

A $215 billion altcoin rally rests on Bitcoin holding its reclaimed market structure

The altcoin rally added $215 billion in market capitalization between Aug. 19 and Aug. 22, pushing the combined value of coins outside Bitcoin (TOTAL2) up more than 24% and back above $1 trillion, according to CryptoQuant analyst Darkfost.　　Related Asset Bitcoin #1 BTC · $79,057.88 24-hour change: up 0.05% 24H Up 0.05% 7D Up 23.30% 30D Up 22.81%　　Darkfost also found that 56% of Binance-listed altcoins have reclaimed their 200-day moving averages, a sharp reversal from the months when 80% to 85% traded below that line.　　He calls the move an early-stage altseason signal, though three days of gains this large have already left the market short-term overbought.　　Related Company CryptoQuant Provider of on-chain and market data analyticsIndicatorLatest readingWhat it saysWhy it mattersAltcoin market cap change+$215BCapital moved sharply into non-BTC assetsConfirms rotation pressureTOTAL2 move+24% in three daysAltcoin market rebounded fastAlso raises short-term overbought riskTOTAL2 levelAbove $1TMarket reclaimed a psychological thresholdSupports early-stage rotation framingBinance alts above 200-DMA56%Breadth improved materiallyRally is broader than a few large capsPrior breadth condition80%-85% below 200-DMAAlts were deeply washed out before the moveMakes the reversal more meaningful　　Why the altcoin rally still looks like a rotation from Bitcoin　　The Altcoin Season Index sat at 49 as of Aug. 23, well below the 75

08-25Industry

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