Ethereum developer Fede’s Intern was reportedly detained in Izmir, Turkey, over allegations of “misusing the Ethereum network.” He denied wrongdoing, saying he only works on infrastructure. Fede is an independent core developer from Argentina focused on ZK and infra. — link

According to Tokenomist, in the next 7 days, major single unlocks (over $5 million) will include FTN, APT, ARB, AVAX, SEI, STRK, LAYEY, CYBER, and ZK. Major linear unlocks over the next 7 days (daily unlock value over $1 million) will include SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, MORPHO, SEI, ETHFI, JTO, and ENS, with a total unlock value exceeding $653 million. — link

Nasdaq-listed company BNC (formerly VAPE) has announced a $160 million purchase of 200k BNB, making it the largest corporate holder of BNB globally. The acquisition was funded through a $500 million private placement led by 10X Capital and YZi Labs. BNC plans to continue accumulating BNB, with the potential to expand the investment up to $1.25 billion through its warrant structure. — link

From August 4 to August 8 (ET), spot Bitcoin ETFs recorded a net inflow of $247 million, with BlackRock’s IBIT leading at $189 million. Spot Ethereum ETFs saw a net inflow of $327 million during the same period, marking 13 consecutive weeks of net inflows. — link

According to Arkham, over the past 24 hours, Arthur Hayes increased his holdings of ETH and several DeFi blue-chip assets, including 1.5k ETH (worth approximately $6.35M), 425k LDO (around $557k), 420k ETHFI (around $517k), and 185k PENDLE (around $1.02M). — link

CEA Industries buys $160 million in BNB, now largest publicly listed company by holdings — link | AI comment

The Week Ahead: infinityhedge

Mon:
*Saylor expected to announce another BTC purchase
*Trump press conference on crime in DC at 10 AM ET
*Intel CEO to visit the White House

Tue:
*US-China tariff pause deadline
*U.S. CPI
*Earnings: Circle

Wed:
*U.S. Jolts data
*Earnings: Tencent

Thu:
*Gemini’s horizon launch
*U.S. PPI, Jobless Claims

Fri:
*Trump-Putin Meeting about ceasefire: Putin offered a deal where he gets 3 Ukrainians territories now & 2 potentially later (via land swaps) in exchange for a cease-fire- Trump team enticed, agrees to meeting in Alaska, Putin’s first U.S. visit in years - Zelenskyy rejected ceding land for peace
*U.S. Retail Sales
*Earnings: Sharplink Gaming
*UBS Global Wealth Report
*China: 2025 World Humanoid Robot Games, the first global humanoid Robots sporting event

TBA/Whole Week: 13F filings

ICYMI:
*CHINESE STATE MEDIA SAYS NVIDIA H20 CHIPS NOT SAFE FOR CHINA
*CHINA WANTS US TO RELAX EXPORT CONTROLS ON CHIPS AS PART OF TRADE DEAL: FT
*NVIDIA, AMD TO PAY 15% OF CHINA CHIP SALE REVENUES TO U.S.: FT

https://infinityhedge.substack.com/p/the-7-days-06a

QCP: BTC has rebounded above $122K and ETH is up 21% to $4.3K, ahead of Tuesday’s CPI release. A softer print could cement expectations for a September Fed rate cut. Markets are volatile, with traders hedging risks while watching if institutional demand can push BTC to new highs. 一 link

Digital asset investment products returned to inflows last week, totalling US$572m. Ethereum ETPs led with US$268m in inflows, Bitcoin regained momentum with US$260m in inflows, while altcoins Solana, XRP, and Near posted US$21.8m, US$18.4m, and US$10.1m respectively. 一 link

TST developer address 0x1a1…66f4 sold over $30,400 worth of tokens in four transactions 12 hours ago, fully exiting its TST holdings. Notably, Binance founder CZ previously stated that TST is a test token used in a BNB Chain video tutorial, and the team had deleted the private key of the address used to create it. — link — link

Vitalik Buterin expressed frustration with the AI field’s push toward overly “agentic” models, arguing that enabling more human input leads to better, safer outcomes. He said he’s more excited by open-weight models with strong editing capabilities than those built purely for creation. Looking ahead, he envisions a brain-computer interface that senses real-time feedback and adjusts outputs accordingly. 一 link

ALT5 Sigma (NASDAQ: ALTS) raised $1.5B through a stock offering, with World Liberty Financial subscribing via $WLFI tokens. ALT5 will hold about 7.5% of WLFI tokens post-deal. Eric Trump joins the board, Zach Witkoff becomes chairman. 一 link

CEX Data Report in July: Spot trading volume surged 62% MoM, led by BitMart (+143%), Upbit (+141%), and Coinbase (+79%). Derivatives volume rose 31%, with KuCoin (+71%), Bitget (+57%), and Crypto com (+51%) topping the list. Website traffic increased 16%, with HTX (+85%), Bitfinex (+47%), and Kraken (+42%) seeing the biggest gains. Data may be affected by wash trading or bots. — link

Strategy has acquired 155 BTC for ~$18.0 million at ~$116,401 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 8/10/2025, Strategy hodl 628,946 BTC acquired for ~$46.09 billion at ~$73,288 per bitcoin. — link

BitMine today announced holdings of ETH exceeding $4.96 billion. Its ETH holdings total 1,150,263 at $4,311 per ETH, making BitMine the largest ETH treasury in the world. 一 link

Chainlink teams up with NYSE-parent ICE to bring forex, precious metals data on-chain — link | AI comment

Trump Media & Technology Group（DJT has filed an amended registration statement with the SEC for its Truth Social Bitcoin ETF (ticker: B.T.), which will hold Bitcoin directly. Crypto com will serve as the ETF’s exclusive custodian. The ETF is pending SEC approval and will be listed on NYSE Arca. Yorkville America Digital remains the sponsor. — link

SharpLink has entered into a $400 million registered direct offering agreement with five global institutional investors. Combined with an unused $200 million ATM facility and its existing holdings of approximately 598,800 ETH, the company’s Ethereum treasury is expected to surpass $3 billion. — link

Heritage Distilling announces a $220M in PIPE financing ($100M in cash and $120M in $IP tokens) to establish a $360M treasury reserve focused on $IP, the native token of the Story Protocol — link | AI comment

Heritage Distilling (Nasdaq: CASK) is launching a $360M IP token reserve strategy through a $220M PIPE deal with Story Foundation, including $100M in cash and $120M in tokens. It will acquire 52.5M IP tokens, making IP its primary reserve asset. The deal is backed by a16z crypto, Polychain, and others. — link

Peter Thiel–backed Bullish has raised its IPO target from $629 million to up to $990 million, valuing the company at around $4.8 billion. Bullish previously planned to go public via a $9 billion SPAC deal, which was canceled in 2022. The IPO is being underwritten by JPMorgan, Jefferies, and Citigroup. — link