A crypto whale sold 7,323 ETH at a loss exceeding $19 million after holding the cryptocurrency for over three years.

Founder of BTC.TOP (B.TOP) Jiang Zhuoer posted that U.S. stock BNC has fallen to the $4.4 support level. He has opened a 5% test position at around $4.5 for a trial buy, expecting BNC could drop as low as its breakout point of $4. Currently, BNC’s mNAV is approximately 49%, holding BNB worth $400 million, while the company’s current market cap is less than $200 million — equivalent to acquiring BNB at a 50% discount. If the flywheel effect of BNC + Meme works, that would be an unexpected upside. According to BIT (bit.com) market data, BNC plunged 15.62% during U.S. regular trading hours, rebounded 2.71% after hours, and is now trading at $4.55. Separately, GMGN data shows the on-chain tokenized stock BNC4 on BSC is priced at $5.584, with a roughly 23% premium over its underlying common stock.

Twitter co-founder Jack Dorsey’s payment firm Block has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish an uninsured national trust bank named Builders Bank & Trust, N.A. Nominee president and CEO Lee Woolley stated in a declaration that the bank will leverage Block’s digital asset expertise, Square Financial Services’ track record, and the team’s deep banking capabilities to advance Block’s long-term vision of “economic empowerment.” If approved, Builders Bank will offer custody and other trust services including bitcoin and stablecoins, and establish a federal regulatory framework for some of Block’s existing custody operations. This application is the latest move in the race between fintech and crypto firms to secure federal banking charters. Last week, Revolut received conditional OCC approval, joining the ranks of Coinbase, Paxos, BitGo, Ripple, and Circle. Under its current leadership, the OCC has taken a friendly stance toward the crypto industry; it previously also granted conditional approval to World Liberty Financial, a project backed by the Trump family, sparking reviews over potential conflicts of interest. Since 2025, the OCC has received 40 applications for new bank charters, approved 21, and rejected only two. Block’s application for a federal charter at this juncture marks its expansion from payments and crypto operations to federally regulated, bank-grade custody infrastructure.

Hardware wallet maker Trezor has officially disclosed that its third-party email service provider was hacked, with phishing emails now circulating. The company emphasized these emails are not official, has taken down the relevant domains urgently and launched an investigation, warning users not to click any suspicious links. Earlier, on August 13, Trezor revealed that its fulfillment partner ShipMonk suffered a data breach, exposing personal data of 13,689 Trezor customers. Of those, 11,742 had their full names, phone numbers, emails and shipping addresses stolen, while 1,947 had their names, cities and emails leaked. Trezor’s own systems were not compromised, and its devices, private keys and wallet backups remain unharmed; the scope of the leak is currently under control.

According to people familiar with the matter, the U.S. Department of Justice (DOJ) is investigating whether Nvidia (NVDA.O) sought to circumvent antitrust reviews to finalize a deal signed last year with AI chipmaker Groq. Groq at the time described the deal as a "non-exclusive licensing agreement" that allowed Nvidia to use chips Groq had customized specifically for running AI tasks. As part of the arrangement, Groq CEO Jonathan Ross and COO Sunny Madra joined Nvidia. AI firms have struck multiple similar deals, including securing technology licenses from other companies and hiring their core employees, without completing full acquisitions. Such arrangements often allow parties to bypass automatic government reviews of traditional mergers and acquisitions, which are designed to assess whether a deal would harm market competition.

US Treasury Secretary Scott Bessent once again issued a statement calling for the passage of the Crypto Market Structure Act, also known as the CLARITY Act. "I strongly urge all parties to remain at the negotiating table, agree to advance the resolution on this bill, and continue pushing forward the legislative process. Failure to do so will send an unsettling signal to both our allies and adversaries: that the United States is unwilling to lead in the digital asset space and is prepared to abandon measures to strengthen national security to address the misuse of these assets."

Decentralized SocialFi platform Zora’s new CEO D. Goens announced that the protocol has made several major adjustments this summer: On the product front, Zora expanded its network support beyond Base to include Robinhood, Solana, and BNB Chain, while rolling out a custom pairing feature that has enabled over 4,000 trading pairs supporting stocks, meme coins, and mainstream assets. On the team side, the company completed layoffs, scaling its headcount to fewer than 10 people, and deeply integrated AI technology to improve operational efficiency. In terms of leadership, co-founder Jacob stepped down as CEO, with fellow co-founder D. Goens taking over the role. The new CEO noted that future priorities will include advancing ZORA token buybacks and holder reward mechanisms, restarting community incentive distributions, accelerating mobile product iteration, and committing to enhanced communication transparency with the community.