Aug 15: OKX Burns Billons to an ATH While Coinbase Makes Massive Deribit Buy
Your Friday dose of whiplash: pumps, dumps, burns, mints, and a gaming chain coming home to ETH. Axie, OKX, Coinbase/Deribit, plus the BeraBaddy Queen departs.
Daily Crypto News · Matt Diemer
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Show Notes
TODAY'S HEADLINES
- Coinbase Acquires Deribit — $2.9B cash-and-stock deal for the world’s #1 crypto options exchange by volume and open interest.
- US Treasury Secretary Flip-Flop on Bitcoin — Scott Bessent walks back comments, says department is exploring “budget-neutral” ways to buy BTC after initially claiming the US wouldn’t buy.
- Axie Infinity Returns to Ethereum — Ronin chain pivoting to an ETH L2 to become Ethereum’s gaming chain.
- Tether Mints $1B USDT — Stablecoins flood Binance with $1.82B inflow in hours, signaling potential buying activity.
- OKX Burns $26B in OKB Tokens — Supply cut from 300M to 21M, sparking debate over token float and market perception.
LittleBitz
- 10 Years of Etherscan, Props to blockchain scanners
- Pump.fun dev pleads guilty to stealing $2m
- CamiInThatThang leaves Berachain
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