The Blockchain In Daily

August 28, 2025

A new block, a new edge—stack signal over noise and stay early.

Prices (USD, inline):
BTC $112,859 🟢↑ | ETH $4,586.27 🔴↓ | SOL $211.78 🟢↑ | BNB $865.88 🟢↑ | XRP $3.00 🔴↓ | ADA $0.8662 🟢↑ | AVAX $24.55 🟢↑ | DOGE $0.2230 🟢↑ | DOT $3.94 🟢↑

Quick Index ⚡️
📈 CME ether futures open interest hits a record $10B—institutions rotate toward ETH.
🏛️ ESMA updates MiCA register guidance—EU compliance gears keep turning.
🛢️ “American Bitcoin” (Trump sons–backed miner) targets early-September Nasdaq debut.
💸 Circle’s USDC lands in $5T cross-border settlement via Finastra rails.
🐕 $200M DOGE whale transfer caps rally; memecoin flows turn choppy.
🧪 VersaBank pilots tokenized deposits on Algorand, Ethereum & Stellar in the U.S.

Markets

Ether stole the derivatives spotlight: CME’s ETH futures notional open interest pushed above $10B for the first time, with a record 101 large open-interest holders earlier this month. The setup echoes a rotation narrative as some desks trim BTC exposure while leaning into regulated ETH products—a signal that hedging and basis trades are rebuilding in size. (According to CoinDesk’s derivatives update and CME data shared with the outlet.)

Spot flows back that pivot: U.S. spot Ethereum ETFs clocked $307M in net inflows on Wednesday versus $81.3M for bitcoin funds, sustaining ETH’s momentum into month-end. For traders, watch ETH/BTC on any re-tests of summer highs as structural demand migrates. (The Block’s ETF flow dashboard.)

Bitcoin, meanwhile, is battling supply overhead near $113.6K. On-chain and order-book metrics flag seller interest at that zone even as risk assets firm—meaning bounces can fade quickly without fresh catalysts. Keep an eye on $109K as a near-term line in the sand. (CoinDesk market brief; Economic Times round-up.)

Large transfers are stirring memecoin waters: DOGE saw selling pressure after a ~$200M whale move to Binance, pinning price in a tight range around $0.22 as market makers absorbed flow. Short-term, liquidity pockets look thin above recent highs. (CoinDesk.)

Regulation

Europe keeps ticking MiCA boxes. ESMA’s MiCA page and interim register were updated on August 27, outlining how NCAs and the EBA are feeding the central register of white papers, authorized CASPs and non-compliant entities. For builders and exchanges, it’s another nudge toward standardized disclosures ahead of full enforcement. (ESMA materials.)

In the U.S., a new filing is testing the boundary between memes and market structure: Canary Capital submitted paperwork for a TRUMP memecoin spot ETF, spotlighting how far the post-BTC/ETH ETF wave might go—and the scrutiny it will attract. Expect a lively comment process on custody, manipulation, and what counts as an investable “asset.” (Axios coverage.)

Adoption

A fresh crypto-equity ticker is coming: American Bitcoin—a miner backed by Eric and Donald Trump Jr.—aims to begin trading on Nasdaq in early September via a merger with Gryphon Digital Mining. Hut 8 is the major shareholder. Beyond headlines, the listing adds another public lever for investors who want BTC beta through energy/infrastructure exposure. (Reuters.)

Banking tech is going stablecoin-native: Finastra tapped Circle to enable USDC settlement across a cross-border payments network that touches up to $5T in flows. If execution matches ambition, treasurers could gain faster, programmable settlement without ripping out existing rails—an on-ramp for stablecoin utility beyond crypto-native circles. (CoinDesk.)

Tech & Innovation

VersaBank rolled a U.S. pilot for tokenized dollar deposits, issuing claims on Algorand, Ethereum and Stellar. The move blurs lines between bank liabilities and on-chain instruments, potentially unlocking 24/7 transferability with bank-grade compliance—watch how regulators classify these tokens under deposit-insurance and disclosure regimes. (CoinDesk.)

Elsewhere in Big Tech, Google is advancing work on a Layer-1 blockchain initiative, signaling that hyperscalers want first-class seats in base-layer experimentation. For devs, this could mean friendlier cloud integrations and new enterprise-grade primitives, but also competition for mindshare against established L1s. (CoinDesk reporting.)

That’s today’s cut. The Blockchain In Daily drops every day so you catch real-time prices, policy and shipping—before the timeline catches you. See you on the next block.