In case you were not around yesterday because you were busy playing with crypto, let’s explore some important developments that happened in crypto yesterday.
Strategy Buys More Bitcoin, Unfazed by Price Swings
Strategy, the undisputed heavyweight champ of public Bitcoin holders, just scooped up 430 more Bitcoins last week for a cool $51.4 million. That brings their grand total to a jaw-dropping 629,376 BTC, worth a whopping $77.2 billion!
They snagged those coins at an average of $119,666 each, even as Bitcoin’s price did a wild dance between $115,000 and $124,000.
Has Strategy’s Bitcoin binge slowed down?
Compared to their summer shopping spree, where they snapped up 31,466 BTC in just three weeks (July 14 to August 3), last week’s 430 feels like pocket change. Still, co-founder Michael Saylor is unfazed by the market’s ups and downs.
“Volatility is a gift to the faithful,” he declared on X, as Bitcoin took a dip below $118,000 after flirting with highs above $124,000. This guy’s basically surfing the crypto waves like a pro!
Bao Bao Panda Scam: Dubai Investor Bamboozled!
In a plot twist straight out of a crypto soap opera, a Dubai businessman got fleeced for AED 2.2 million in a shady deal involving the Bao Bao Panda memecoin. Dubai police are on the case, launching a full-blown investigation into this furry fraud.
Memecoins are the internet’s quirky crypto cousins, born from memes and social media hype. Bao Bao Panda, inspired by the adorable giant panda from China’s Sichuan Province, promised to turn “viral vibes into funding for endangered species” with some fancy AI and a “meme-to-earn” system, per CoinGecko.
Too bad it was a scam that left one investor crying into their digital wallet.
U.S. Treasury’s GENIUS Act: Stablecoins Get a Safety Makeover
Over in Washington, the U.S. Treasury is stirring the crypto pot with a fresh call for comments on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The act was signed into law by President Donald Trump in July 2025.
Accordingly there will be a public consultation going on right up till October 17, 2025, where the public including crypto nerds, blockchain enthusiasts and curious onlookers are welcome to share ideas on “innovative or novel” ways to sniff out shady dealings in digital assets.
Meanwhile the Treasury’s eyeing tools like digital IDs, AI, and blockchain monitoring to crack down on crypto crooks laundering money in decentralized finance (DeFi). In fact, the U.S. Treasury suggests that digital IDs, such as government IDs, biometrics, or secure digital credentials, could reduce compliance costs for DeFi platforms and banks.
So, whether you’re a tech wizard or just love a good crypto debate, now’s your chance to shape the future of digital dollars!
