BTC breaks through the $114500 mark

[YZY Money Official Documentation Includes 'Class Action Waiver' Clause] According to the official documentation of YZY Money, the terms include a 'class action waiver.' 'To the extent permitted by law, you agree not to initiate, join, or participate in any class action lawsuit for any claims, disputes, or controversies you may have against any protected party. You agree that the court may grant injunctive relief to prevent such lawsuits or remove you from the lawsuit. You agree to pay any attorney's fees and litigation costs incurred by the protected party in seeking such relief.' Previous reports indicate that Kanye West launched the meme coin YZY on Solana. According to estimates by a Coinbase executive, at least 94% of the new Kanye token is held internally.

[DBS Bank Launches Tokenized Structured Notes on Ethereum, Lowering Investment Threshold to $1,000] Singapore's DBS Bank has announced the issuance of tokenized structured notes on the Ethereum blockchain, available to qualified and institutional investors on local Singaporean exchanges ADDX, DigiFT, and HydraX. The first product is a participatory note linked to crypto assets, designed to settle in cash when prices rise while limiting loss risks when prices fall. To enhance market liquidity and trading convenience, the investment threshold for the notes has been reduced from the traditional $100,000 to $1,000. By the first half of 2025, the transaction volume of related products had exceeded $1 billion, with a nearly 60% quarter-on-quarter growth in the second quarter. DBS Bank plans to expand tokenized products to the equity and credit note sectors in the future.

BBX disclosed that yesterday (August 20th), the total investment and planning amount of cryptocurrency assets by global listed companies reached a record high, exceeding 1 billion US dollars -BTC led: Hong Kong's Ming Cheng Group (MSW) signs agreement to spend 483 million yuan to purchase 4250 BTC, Japan's Metaplanet adds 1112 BTC, Sweden's H100 Group adds 102.19 Bitcoin purchases -ETH Whale: SharpLink Gaming revealed that it spent $537 million last week to purchase 143593 ETH coins, causing its total holdings to soar to 740760 coins -Capital Assistance: Metaplanet issues 210 million zero coupon bonds, Boya Interactive plans financing to accelerate achievement of 21000 BTC reserve target Institutional allocation continues to deepen, and capital operation has become the core means to accelerate layout. Source: bbx.com

[New York State Legislator Opposes Stablecoin Exemption from Crypto Tax] New York State Assemblyman Phil Steck stated that the cryptocurrency transaction tax he proposed would not exempt stablecoins used for daily payments. He believes that cryptocurrencies should not enjoy tax-free status and questioned their ability to replace the U.S. dollar. Steck estimated that a 0.2% transaction tax could generate $158 million annually for New York State, which would be used to support drug abuse prevention programs in northern schools.

[The Central Bank of Brazil Opposes Bitcoin as Strategic Reserve, Citing High Volatility Impacting Monetary Policy Credibility] According to stackfy.app, the Brazilian House of Representatives held a hearing to discuss Bill No. 4501/2024, which proposes allocating up to 5% (approximately $16.4 billion) of international reserves to Bitcoin, to be managed by the Central Bank and the Ministry of Finance. The Central Bank opposed the proposal, stating that Bitcoin's high volatility could impact the credibility of monetary policy. The bill is still under further review.