Cryptocurrency & Digital Asset Trends - China explores launching stablecoins to internationalize the renminbi and compete with dollar dominance [1] - Asset manager Parataxis Holdings to raise up to $640 million for its Bitcoin Treasury Strategy through a SPAC merge [1] - Cosmos Health secures up to $300 million in financing to launch an Ethereum-based treasury reserve strategy [3] - Japan's $214 billion SBI Holdings has filed to launch Bitcoin and XRP ETFs [3] Regulatory & Legal Developments - Roman Storm was found guilty of running an unlicensed money transfer business [2] - Laser Digital secures Dubai's first OTC crypto options license for institutions [3] - China warns eye-scanning crypto projects could threaten personal privacy and national security [3] - South Korea's BDACS launches institutional custody for XRP via Ripple Custody [3] Technology & Innovation - Vitalik says Ethereum L2s must shift from OP to ZK proofs to achieve faster withdrawals [3] - Trump teams up with OpenAI to deploy ChatGPT in federal agencies for $1 each [3]
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Cointelegraph·2025-08-07 03:30