Top 5 Crypto News of the Week! (04 - 10 August)
Dear PointPay Family,
This week is almost over, which means it's time to put its results together! We have selected for you the top 5 news that, in our opinion, have become the key events of recent days.
Strategy Seeks $4.2B to Expand Bitcoin Holdings
Strategy has announced plans to raise up to $4.2 billion through a new preferred stock offering. The funds will primarily be used to acquire more Bitcoin, pushing the company closer to the 600,000 BTC mark - solidifying its position as the world's largest corporate Bitcoin holder.
In addition to increasing its crypto reserves, Strategy may also allocate the capital toward general business needs and dividend payments for existing preferred stockholders. The announcement follows a pause in the company's 12-week Bitcoin buying streak and comes as Strategy reports $14 billion in unrealized gains from its BTC portfolio.
Ethereum Charts Bold 10-Year Plan for Massive Scaling
As Ethereum celebrates its 10th anniversary, the network's developers are looking ahead with an ambitious new vision. Researcher Justin Drake introduced “lean Ethereum” - a decade-long roadmap aiming to boost base layer performance to 10,000 transactions per second and Layer 2 to 1 million, all while preserving full decentralization and zero downtime.
Key innovations include a second version of the Beacon Chain, a new Ethereum Virtual Machine (EVM 2.0), and advanced cryptography designed to withstand future quantum threats. Beyond the tech, the plan embraces simplicity and community-driven growth as Ethereum prepares to scale securely into its second decade.
SEC Clarifies Staking Tokens Are Not Always Securities
The US Securities and Exchange Commission (SEC) has clarified that staking receipt tokens - assets received in exchange for participating in liquid staking - are not necessarily securities. These tokens, widely used in DeFi as collateral and yield tools, may be legally distributed without registration if they merely represent a claim on the original staked asset.
However, the SEC emphasized that the classification depends on the design of each protocol. If a token implies profit from third-party efforts, it may still fall under securities regulations. While legal and tax risks remain, the update offers DeFi platforms such as Lido and Rocket Pool greater flexibility in complying with US laws.
Institutions Double Down on BTC and ETH Amid Market Pause
The crypto market has entered a consolidation phase, with total capitalization hovering around $3.7 trillion as of early August. While retail traders shift toward smaller tokens amid slowing momentum, institutional investors are steadily increasing their exposure to Bitcoin and Ethereum.
Companies added over 26,000 BTC in July alone, with Strategy acquiring 21,021 BTC during the month. Meanwhile, SharpLink boosted its Ethereum reserves by over $260 million. These moves underscore growing institutional confidence, even as short-term traders take a cautious stance. ETH currently trades at $3,650 and BTC at around $114,570, while overall market volatility remains subdued.
US Mining Industry Faces Pressure From New Tariffs
New import tariffs imposed by the Trump administration are adding strain to the US crypto mining sector. As of July 31, tariffs on ASIC miners from countries like Indonesia and Thailand rose to 19%, pushing total import duties to 21.6%. Equipment from China remains heavily taxed at 57.6%.
These changes could slow growth in the American mining industry, which relies heavily on imported hardware. According to Luxor Technology, miners are already redirecting their focus to countries with lower trade barriers, such as Canada and parts of Latin America. In the long term, experts anticipate a push to develop domestic manufacturing, though that shift may take years.
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