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●  IN THIS ISSUE

Chart of the Day — Tokenized stock holders surge
Trade of the Day — ETH about to break down?
Alpha Leaks — BTC DeFi outfit pivots on yield generation
News Roundup — Trezor data breach, new stock market ATHs, Tether completes audit

●  CHART OF THE DAY

Over 1 Million Tokenized Stock Holders

There is an irony in the fact that tokenized stocks are becoming one of the strongest use cases for crypto rails, but besides that point, this chart from CryptoRank illustrates the rate of growth in this area.

It shows that there are now more than 1.1 million tokenized stock holders, the highest ever number, while the most-held individual ticker is SPCX. We fully expect this trend to continue from here as the benefits of onchain trading become impossible to ignore.

●  TRADE OF THE DAY

ETH Heading Lower? - Sponsored by Kalshi

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The ETH price is tightening in a narrow range, and it’s now below the 20-day moving average. It looks like a break from this area is coming soon, and the price may move to the downside from here, meaning that we’re positioned for a move lower.

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●  ALPHA LEAKS
LBTC · CRYPTO

Bitcoin DeFi platform Lombard Finance has announced that its BTC yield generation system is to change. It will stop using BTC staking protocol Babylon, and instead use a covered-call options strategy managed by Bitwise.

GPUS · STOCK

Bitcoin miner Hyperscale Data sold 685 BTC to fund expansion of its Michigan-based AI data center, while still retaining 275 BTC and stating that it intends to continue mining BTC.

FOBXX · STOCK

The SEC has cleared the way for Franklin Templeton’s registered funds to invest in its blockchain-based money market fund, Franklin OnChain US Government Money Fund, approving the structure needed to hold the tokenized fund’s shares.

LIT · CRYPTO

Lighter has a new points campaign for perps traders using Robinhood Wallet (which has integrated with Lighter for perps trading), offering a 2x points boost for eligible wallet users.

AMD · STOCK

Advanced Micro Devices plans to raise between $4 billion and $5 billion through a new debt offering, issuing senior notes across four maturities.

RDDT · STOCK

Reddit will be added to the S&P 500 as of August 18th. The company's stock price surged around 15% on the news, and is currently up 12.6% since the announcement was made.

ETH · CRYPTO

Earlier this week, Vitalik Buterin released an updated Ethereum roadmap, in which emphasis has been placed on quantum resistance, privacy, and native rollups.

●  NEWS ROUNDUP

Safety Concerns After Trezor Data Breach

In yet another calamitous headline for crypto security, hardware wallet maker Trezor has disclosed a serious data breach in which customer data for 13,869 product buyers has been exposed.

This includes the names and delivery addresses of 11,742 customers, raising physical safety concerns, while exposure of phone numbers and email addresses increases the risk of phishing attacks.

Devices themselves have not been compromised, and logistics provider Shipmonk–which Trezor works with for deliveries–has been identified as the point of vulnerability, as customer information was stolen from its systems.

Trezor has detailed that the breach “affects new customers in the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal who received an order within the 90 days prior to August 8th, 2026”. It also states that affected customers have been contacted by email, but if you’re concerned, then check the official Trezor announcement for more information.

The company reports that it is working on an anonymous product delivery system in order to improve security in future.

Stocks Hit New Highs on PPI Data

Stocks pushed to new highs after another inflation report strengthened the case for the Fed to hold rates as they are in September.

The latest data shows July headline PPI rising 4.7%, below expectations of 4.9%, while core PPI was at 4.2%, as expected. Additionally, jobless claims rose to 209,000, above expectations of 202,000, so we now have a weak labor market while inflation cools–not the kind of conditions in which there is pressure to increase rates.

This comes after Tuesday’s CPI figures were also below expectations, and as a result, both the S&P 500 and the Russell 2000 have pushed to new all-time highs, while over on Polymarket, prediction market traders are now putting the odds of a rate hike in September at just 25%.

Tether Completes Full Independent Audit

Tether has completed its first full independent financial audit, addressing long-running questions around the reserves used to back its USDT stablecoin. The audit was conducted by specialists KPMG US, and covered Tether’s financial statements for 2025.

The figures showed Tether’s reserves exceeded its liabilities by over $6.8 billion at the end of 2025, with the auditing process comprehensively examining Tether’s financial health, and even going as far as to physically inspect and count Tether’s gold holdings.

This should draw a line in the sand for the stablecoin issuer after it has spent years dealing with FUD around the authenticity of its reserves, and Tether has stated that this was the largest financial audit in history.

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