Crypto News. August 11, 2025
Vare Crypto News is live ft Do Kwon, Circle, Arc, ETHZilla, Heritage Distilling, Chainlink, Bitmine, Coinbase
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DeFi
Do Kwon pleaded guilty in US to wire fraud and conspiracy over the 2022 TerraUSD collapse, facing up to 25 years in prison.
Circle launched L1 Arc a new EVM compatible chain for stablecoin finance, featuring native USDC gas, subsecond finality, and built in FX engine for digital currency swap.
ETHZilla (ATNF) shares pumped over 230% after Peter Thiel disclosed a 7.5% stake and the firm unveiled a $349M Ethereum treasury
Heritage Distilling raised $220 million in pipe financing, $100M in cash and $120M in IP tokens to establish $360M IP reserve
Circle announced a public offering of 10 million Class A shares, 2 million from the company and 8 million from shareholders
Chainlink partnered with ICE Markets, parent company of NYSE to bring forex, precious metals data onchain
Bitmine filed to expand their at the market offering program so they can sell up to $24.5 billion worth of stock to fund more Ethereum purchases
Coinbase revived its Stablecoin Bootstrap Fund after six years, starting with deployments on Aave, Morpho, Kamino, and Jupiter to boost DeFi stablecoin liquidity
Grayscale launched DeepBook and Walrus Trusts, giving accredited institutional investors access to Sui’s DEEP and WAL tokens
Uniswap Foundation proposed forming a legal entity for their DAO under Wyoming’s “DUNA” legal framework for DAOs, seeking $16.5M in UNI for taxes and legal costs, paving the way to activate protocol fees.
Paxos applied to convert its New York trust charter into a national OCC charter, joining Ripple and Circle in seeking federal regulation/supervision for crypto banking
