Daily Bits

ETH hit a new all-time high of $4,946 as the crypto market cap surged past $4 trillion, driven by Fed Chair Powell’s signal of potential rate cuts in September.

Singapore’s DBS Bank has launched tokenized structured notes on Ethereum, giving investors crypto exposure without directly holding assets.

Bybit CEO Ben Zhou outlined the exchange’s 2025 agenda, highlighting security upgrades after the Lazarus hack, securing a MiCAR license for EU operations, and expanding globally.

Solana briefly hit over 100,000 TPS in a validator experiment—more than 25x mainnet’s typical throughput and above Visa’s peak capacity.

Swarm launched tokenized stocks on Hedera, fully backed 1:1 by real shares in institutional custody, offering insolvency protection, DeFi compatibility, and 24/7 trading.

Gemini has filed an S-1 with the SEC to go public on Nasdaq under the ticker GEMI, though details on share count, pricing, and timing remain undisclosed.

Dinari launched the Dinari Financial Network, an Avalanche-powered L1 designed for regulated tokenized markets, unifying liquidity for US equities across chains like Base, Arbitrum, Plume, and soon Solana.

Stripe and Circle have each launched specialized blockchains aimed at dominating stablecoin payments.

BitMine Immersion now holds 1.15M ETH worth $4.96B, making it the largest ETH treasury globally and the 3rd largest overall crypto treasury.

S&P Global Ratings has issued its first-ever stablecoin credit rating, assigning Sky Protocol’s USDS a B- with a stable outlook.