The Blockchain In Daily

August 29, 2025

A new block is just a decision—choose signal over noise and stay early.

Prices (USD, inline):
BTC $109,606.00 🔴↓ | ETH $4,329.96 🔴↓ | SOL $206.27 🔴↓ | BNB $852.14 🔴↓ | XRP $2.85 🔴↓ | ADA $0.8170🔴↓ | AVAX $23.62 🔴↓ | DOGE $0.2126 🔴↓ | DOT $3.77 🔴↓

Quick Index ⚡️
📊 ~$15B in BTC/ETH options expire today—volatility watch.
⚙️ Binance futures went dark briefly, then came back online.
🏛️ SEC weighs fast-track rules for crypto ETP listings—DOGE/SOL/XRP ETFs inch closer.
🪙 Tether to bring USDT natively to Bitcoin via RGB.
🏭 Miner IREN swings to full-year profit and doubles down on AI cloud.
🇭🇰 Hong Kong’s OSL posts +58% YoY revenue on payments push.

Markets

$14.6–$15B in BTC/ETH options expire today. Deribit’s month-end expiry is one of the year’s biggest, with roughly ~$11.5B notional in BTC options and the rest in ETH. Traders flagged a put/call skew leaning defensive on BTC into the event, while ETH positioning looks more balanced—classic setup for chop around “max pain” zones. (Data summarized from Deribit and industry trackers.)

Binance futures outage, then a quick restore. Binance said all futures trading was “temporarily unavailable” early Friday before services resumed a short time later. For perp desks, the brief freeze was a reminder to diversify execution venues around major expiries and macro catalysts. (According to Reuters.)

Regulation

SEC mulls generic listing standards that could fast-track crypto ETPs. U.S. exchanges (Cboe BZX, Nasdaq, NYSE Arca) have proposed “generic” rules to list commodity- and crypto-based ETPs without bespoke 19b-4 orders when certain criteria are met. If the SEC signs off—potentially as soon as late September—products referencing assets like SOL, XRP or DOGE could see a smoother path to market, with stricter surveillance and custody baselines baked in. (As outlined by Investopedia’s Friday brief and the Federal Register notices for the proposals.)

Adoption

IREN posts first full-year profit and scales an AI cloud arm. The miner reported FY net income of ~$86.9M on $501M revenue and plans to ramp to ~10,900 GPUs by December, targeting an additional $200–$250M in annualized revenue from AI cloud services. It’s more proof Bitcoin miners are diversifying compute footprints to smooth cycle risk. (CoinDesk earnings coverage.)

Hong Kong’s OSL prints +58% YoY revenue on payments and custody. OSL reported HK$195.4M (~$25.1M) in H1 revenue, a 58% jump YoY, with new payments business “OSL Pay” contributing nearly a third since launch. The update lands as Hong Kong’s stablecoin regime goes live, reinforcing the city’s regulated-first playbook for digital assets. (The Block’s report and the company’s release.)

Tech & Innovation

USDT is coming natively to Bitcoin via RGB. Tether announced plans to issue USD₮ on RGB—a protocol that anchors proofs on Bitcoin while keeping most data client-side—enabling lightweight, privacy-minded transfers and BTC+USDT in the same wallet. It’s the most significant “Bitcoin-native” stablecoin step yet, and it could ripple through Lightning-adjacent tooling if wallets integrate cleanly. (Tether newsroom, press materials, and Friday coverage.)

U.S. Commerce Department data goes on-chain via Chainlink & Pyth. The oracles said they’ll deliver official macroeconomic datasets from the Commerce Department for smart-contract use—think GDP, inflation prints and more—broadening the rails for compliant, data-driven DeFi triggers. (According to CoinDesk’s update.)

That’s your cut for today. Keep riding with The Blockchain In Daily—same time, next block—to stay ahead of prices, policy and shipping code before the timeline catches up.