The crypto world is buzzing with bold moves and shifting tides! So much has happened in the crypto universe yesterday. So let’s dive right in.
On the market front, it’s been a rough ride.
Bitcoin dipped 1.5% to $113,600, its lowest in weeks, while Ethereum slid 1.75% to $4,170.
Altcoins like Ripple, Solana, Dogecoin, and Shiba Inu are also in the red, reflecting a broader market correction.
Volatility reigns, but these bold corporate moves and regulatory shifts hint at a crypto ecosystem poised for transformation.
Thumzup’s Big Dogecoin Move
Thumzup Media, a crypto treasury firm tied to President Trump’s family just dropped a bombshell. They are officially acquiring Dogecoin mining outfit Dogehash in a $50 million all-stock deal.
With 30.7 million shares on the table, this merger is set to shake up the memecoin scene.
Thumzup’s CEO, Robert Steele, is beyond thrilled, calling it a game changer.
After the deal, Dogehash will rebrand as Degohash Technologies Holdings and hit Nasdaq with the ticker “XDOG.”
South Korea’s Lending Crackdown
Meanwhile, South Korea’s Financial Services Commission (FSC) is slamming the brakes on crypto lending.
Citing rising risks, the FSC ordered exchanges to halt new lending services until clear regulations are in place.
Existing contracts can continue, but new offerings are on ice.
A joint task force, launched July 31, 2025 is crafting rules to cap leverage, define eligible users, and enforce robust risk disclosures.
Non compliant platforms could face on-site inspections and penalties.
South Korea’s move is aimed at protecting investors while the market matures.
Japan’s Big Bitcoin Bet
Across the Pacific, Japan’s Lib Work, a pioneer in 3D-printed housing, is diving into Bitcoin with a $3.3 million investment.
Starting in September, the firm will buy roughly 28 BTC over three months.
The company joins the global ranks of corporate Bitcoin holders at spot #105. This bold bet could inspire Japan’s risk-averse firms to follow suit, supported by the country’s crypto-friendly regulation.
