50T Investor Newsletter (Aug 11)
Aug 11, 2025
Hi Investors,
It was another busy week in the digital asset ecosystem, marked by significant regulatory developments, major corporate moves, and portfolio company milestones. From the SEC clarifying liquid staking rules to high-profile partnerships and funding rounds, here’s your roundup of the most important news.
Market Moves
Trump Signs Executive Order Opening 401Ks to Crypto
→ CBS News
Figure Officially Announces It Has Confidentially Filed for IPO
→ Bloomberg
Coinbase Prices $2.6B 0% Convertible Notes (2029 & 2032) with Capped Calls
→ The Block
Circle x Corpay: USDC Embedded into Cross-Border B2B Payments
→ PYMNTS.com
SEC Provides Clarity on Liquid Staking Tokens - $68B Market Gets Regulatory Relief
→ The Block
Standard Chartered, Animoca & HKT officially form Anchorpoint JV to issue stablecoins in Hong Kong
→ CoinDesk
Bullish Files for IPO
→ The Block
CFTC Launches ‘Crypto Sprint’ Initiative to Advance Trump’s Regulatory Roadmap
→ CFTC
SEC Updates Staff Guidance on Stablecoin Accounting
→ The Block
Bo Hines Steps Down as Executive Director of the White House Crypto Council
→ X
Portfolio Headlines
 | Cipher Mining: July Ops Update (Aug 5) + Q2 Earnings (Aug 7) → Cipher |
 | Animoca Makes Strategic Investment in Cool Cats → Animoca |
 | Coinbase Adds DEX Trading to U.S. Platform in Push to Become the ‘Everything App’ → CoinDesk |
 | Yuga Labs Sells Over 5,000 NFTs to Scrap-Metal Billionaire Adam Weitsman |
 | Zenrock Publishes Full July Recap → X |
Charts of the Week
40% of all blockchain fees are paid to send USDT across nine chains.
Ethereum daily transactions reached a new high, surpassing 2021 peak, as stablecoins and ETH treasuries reignited growth.
Base’s daily token issuance outpaced Solana launchpads from a surge in Zora creator coins.
Solana dApps have generated $1.6Bn in revenue in 1H’25, up 4x from 1H’24.
Industry News
Notable Raises
Bit2Me (Spanish Crypto Broker) Raises $35MM from Tether
→ Bit2me
Build on Bitcoin (BTC L2) Raises $10MM
→ The Block
Mantra (RWA L1) Raises $200MM from Inveniam Strategic Partnership
→ Inveniam
OpenMind (AI/Robotics) Raises $20MM Led by Pantera
→ Openmind
Industry News
Chainlink Creates LINK Token Reserve via Buybacks
→ Chainlink
MetaMask Integrates Sei
→ The Block
Jito Proposes Routing 100% of Block Engine Fees to DAO Treasury
→ CoinDesk
Paxos Settles with NYDFS for $49MM over AML Failures Related to Binance Partnership
→ NYDFS
Jupiter Enables Trading of Tokenized Pre-IPO Stocks
→ X
Phantom Acquires Solana Memecoin Trading Platform Solsniper
→ The Block
Ripple Acquires Stablecoin Platform Rail for $200MM
→ Reuters
Looking Ahead
8/11-8/17: Ethereum NYC
8/12: APT to unlock ~2% of supply worth $53MM
8/12: Circle reports Q2’25 earnings
8/18: Coinbase Derivatives launching nano SOL and nano XRP U.S. perp-style futures
Media & Insights
📄 Research Piece of the Week: Helium
Case Study: Helium Technical Deep Dive
📌 Tweet of the Week: Tad Smith
What Becomes of BTC in a ChatGPT-5+ Super AI World?
⭐ Congrats to our 2025 50T Interns
We're proud to mark the successful completion of our 5th annual immersive internship experience!
