A newly created received 1,506 $BTC, worth $163.58M, from #Galaxy Address: 3FPtXqP3XLXB1cLgSmgtmC9wGNHxo1y17z
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Aug 25 Crypto News: 1. BlackRock's Ethereum ETF holdings exceed $15 billion in market value. 2. Michael Saylor has once again released Bitcoin Tracker information, and may disclose additional purchase data next week. 3. Ondo Finance has announced that it will launch tokenized stocks on September 3. 4. Du Jun: We have received multiple invitations from ETH and SOL treasury entities, one of which has a starting scale of 300,000 ETH. 5. Hong Kong plans to implement the Basel cryptocurrency capital adequacy regulations on January 1, 2026, which may affect stablecoins.
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Looks like MNT is becoming Bybit's BNB. Most significant is that they want to incorporate MNT into the fee structure, likely similar to how you can pay fees with BNB for a discount. Quick calculation on the future demand this might bring: - Assume avg daily volumes of $4-6b for spot and $40-60b for perps. - Assume avg fees of 0.02-0.04% for spot and 0.01% for perps. - Assume 25% discount for spot and 10% discount for perps when paying fees in MNT, similar to BNB.
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