08/04/2025
Weekly Recap — Major News From Last Week
🪙 Global crypto exchange-traded products (ETPs) saw $223 million in outflows, following a 15-week streak of inflows, as investor confidence dipped following the Federal Open Market Committee Meeting
🪙 and team up to enable Chase cardholders to buy crypto directly on Coinbase with their cards starting this fall and convert rewards points to USDC from 2026
🪙 Ethereum turns 10 as institutional investors and corporate firms boost their Ether positions, reflecting growing institutional adoption
🪙 Payment giant Visa expands stablecoin offerings on its settlement platform by supporting three new tokens: Global Dollar, PayPal USD, and Euro Coin, and two new blockchain networks, Stellar and Avalanche
🪙 Tether posts $4.9 billion in profit for Q2 2025, a 277% increase compared with the same period a year ago, as stablecoins continue to gain traction
🪙 Deloitte research shows 99% of CFOs at billion-dollar firms will use crypto long-term, with almost one in four set to adopt it within the next two years
🪙 Crypto treasury companies have accumulated about $100 billion worth of digital assets, a new Galaxy report shows
🪙 NFT sales hit $574 million in July, marking the second-best month of 2025, according to CryptoSlam
🪙 Crypto class-action lawsuits this year are already close to matching all of 2024's total, according to Cornerstone Research
🪙 Indonesian government increases levies for crypto trading and mining while removing VAT for buyers
🪙 becomes first traditional bank in the UAE to enable crypto trading for retail users
🪙 is introducing a crypto payment tool that allows US businesses to receive payments in more than 100 cryptocurrencies