Cryptocurrency Market Trends - ETH reached its highest weekly close since December 2021 [1] - Saylor suggests continued Bitcoin purchases, implying potential profitability [1] - Vitalik Buterin's net worth has surpassed $1 billion again [1] - The top 100 Bitcoin treasuries collectively hold nearly 1 million BTC [1] Regulatory and Policy Developments - Nvidia and AMD will allocate 15% of China chip sale revenues to the US government to comply with export license requirements [1] - El Salvador now permits banks to operate entirely as Bitcoin banks for accredited investors [1] - Bo Hines is stepping down as White House Crypto Council chief, with Patrick Witt anticipated to succeed him [1] Protocol and Ecosystem Developments - The LayerZero Foundation has proposed a $110 million acquisition of Stargate (STG) token, offering STG holders a swap for ZRO at a ratio of 1:0.08634 to enhance the integration of the bridge protocol within the LayerZero ecosystem [1]
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Cointelegraph·2025-08-11 02:30