
Augustus Raises $180M to Build a Stablecoin Clearing Bank
Augustus raised $180 million led by Tiger Global at a $1 billion valuation to build a clearing bank for stablecoin settlement. It issues no token, only rails.
Altcoins, ETH & general crypto

Augustus raised $180 million led by Tiger Global at a $1 billion valuation to build a clearing bank for stablecoin settlement. It issues no token, only rails.

Spot bitcoin ETFs drew $273 million over two weeks, barely more than the mildest week of the $8 billion outflow run before it. CoinDesk called it statistical noise.

A King County judge barred Kalshi from offering event contracts to Washington residents, holding that federal commodities law does not displace state gambling law.

Bitcoin drifted higher on thin weekend volume, and the day's forced liquidations fell almost entirely on shorts โ a read on positioning, not direction.

Michael Saylor set out 110 points against BIP-110, a one-year soft fork that would restrict data in bitcoin transactions and cut the signalling threshold to 55%.

Allbridge Core lost $1.65 million after its swap instruction accepted one pool account in two roles, letting a single address play both sides of a trade.

Cardano was the lone top-20 name with a real gain on a thin Saturday session, sentiment stayed in extreme fear, and the day's two market digests disagreed on the bitcoin and ether marks.

Traders bought 20,000 $70,000 calls and sold 20,000 $72,000 calls on Deribit for the 31 July expiry, a $2.5B notional structure that settles two days after the Fed.

US spot bitcoin ETFs drew a net $132.3 million on 17 July, a fourth straight positive session, with BlackRock's IBIT supplying more than the entire category total.

The GENIUS Act turns one this week, leaving Tether until July 2028 to move a reserve that CoinDesk puts at roughly a quarter non-compliant into cash and Treasuries.

France's gambling regulator ordered providers to block Polymarket outright on 17 July, citing 578,751 French visits in June despite a 2024 payments ban.

Visa opened a managed platform for institutions to mint, hold and move stablecoins into its settlement network, starting with the consortium token Open USD.