LayerZero (ZRO), Stargate Finance (STG) - ZRO Acquires STG - 24 Aug 2025

MBG will soon list on BingX, a popular exchange, which could give the token much more exposure. Listing on a known platform often boosts price, as more people can buy and sell. MBG is also running a buyback and burn program just after the listing, which means fewer tokens in supply. Growing demand and shrinking supply can push prices even higher. Because BingX has millions of users, high trading volume is possible right after launch. These reasons together can make the listing a big catalyst. Read the announcement at Twitter.

Solidus Ai Tech is launching its AI Model Marketplace, letting users access several advanced AI models. Offering real AI products can grow token use and awareness. If many builders and businesses join the marketplace, this could drive real need for the AITECH token, which may boost the price. However, if the marketplace does not get enough users or interest, the real impact may be small. Watching adoption after launch will be important. Still, this step can bring attention to AITECH and set it apart from other AI tokens. See more at Twitter.

Pavel Durov, founder of the messaging application Telegram, provided an update regarding his ongoing case in France, and said the criminal investigation against him is “struggling” to find any evidence of wrongdoing.

Durov said his arrest by French authorities in August 2024 was “unprecedented” and added that holding a tech executive accountable for the actions of independent users was “legally and logically absurd,” in a Telegram post on Sunday. Durov added:

“One year after this strange arrest, I still have to return to France every 14 days, with no appeal date in sight,” he continued, while also warning that the French government has done irreparable damage to France’s image as a free country.

Two months after Elon Musk criticized the Trump administration’s handling of the national debt, reports indicate that the US has added another $1 trillion in federal debt in just 48 days.

Deficit spending has become the largest macro driver with the least mainstream attention. Bitcoin, Ethereum, and decentralized finance (DeFi) are no longer just speculative plays. Rather, they are structural hedges against a broken fiscal system.

Is the US Debt Spiral About Spending or Interest Rates?

The surge translates to around $21 billion per day. It highlights what analysts and investors like Elon Musk have warned before, that the fiat system is locked into an unsustainable path, and digital assets may be the hedge.

In hindsight, Elon Musk particularly called out the recently signed One Big Beautiful Bill Act as crucial in further amplifying an already alarming deficit. 

However, since August 11, US debt has ballooned by $200 billion, pushing the national total within striking distance of $38 trillion.

Washington posted a $291 billion deficit in July alone, the second-largest for any July on record. Deficits are running at $1.63 trillion for fiscal year 2025, up 7.4% year-over-year (YoY), and on track to exceed $2 trillion.

Similarly, government spending has exploded to 44% of GDP, a level only seen during World War II and the 2008 financial crisis.

While the Federal Reserve (Fed) still insists on a soft landing, the underlying numbers tell a harsher story. Revenues are barely growing at 2.5% annually, while spending surged nearly 10% last month.

This remark suggests that annual deficits would remain in the trillions even if the Fed slashed rates.

Implications for Crypto and Financial Markets

Bond markets are already flashing warning signs. Investors demand higher yields for US Treasuries, with recent auctions clearing above 5%, a rarity in modern history.

As debt refinancing accelerates at higher rates, the fiscal hole deepens. This presents a rather technical outlook for equities, commodities, and especially crypto.

In the short term, higher yields can drain liquidity from risk assets. However, in the long term, persistent deficit spending erodes confidence in fiat. This trend has historically benefited Bitcoin and hard-cap digital assets.

While crypto traders often frame Bitcoin as digital gold, the case strengthens when fiat regimes demonstrate fiscal unsustainability.

For many in crypto, America’s debt trajectory validates the thesis that decentralized assets offer protection against sovereign fiscal mismanagement.

With $38 trillion in debt looming and deficits locked in above $1.5 trillion annually, the temptation for future policymakers to inflate away obligations grows. That risk is bullish for Bitcoin’s scarcity narrative.

Altcoins could also benefit indirectly, as institutional allocators explore alternatives to yield-squeezed Treasuries.

Stablecoins and tokenized Treasuries are already absorbing capital, but liquidity spillover may extend over time into broader crypto markets.

What happens next hinges on whether Congress reins in spending (unlikely in an election year) and how aggressively the Fed balances rate policy against debt sustainability. Nevertheless, either path carries risks.

Metaplanet, a Bitcoin treasury company, has been upgraded from a small-cap to a mid-cap stock in index provider FTSE Russell’s September 2025 Semi-Annual Review, bumping it up for inclusion in the flagship FTSE Japan Index.

The index provider updates and rebalances the indices quarterly, and following Metaplanet’s strong Q2 performance, added it to the FTSE Japan Index, a stock market index of mid-cap and large-cap companies listed on Japanese exchanges.

Metaplanet’s inclusion in the FTSE Japan Index means it is automatically added to the FTSE All-World Index of the largest publicly-listed companies by market capitalization in each geographic region.

The entire cryptocurrency market headed straight south on Sunday evening, led by a massive price drop from the largest of the bunch.

Bitcoin’s price had calmed at around $115,000 all day with little to no moves in either direction, but suddenly plunged to its lowest price level since July 10.

Recall that the primary cryptocurrencyskyrocketedon Friday after Fed Chair Jerome Powell’s somewhat optimistic speech about upcoming interest rate cuts. The asset went from under $112,000, which was a local low at the time, to over $117,000 within an hour or so.

However, that relief rally was short-lived, and BTC quicklyretracedto around $115,000, where it spent most of the weekend. Less than an hour ago, though, the bears unexpectedly reemerged by pushing BTC to a six-week low of $110,600 (on most exchanges).

Bitcoin recovered two grand since then, but still trades below $113,000. It took most altcoins south with it, including ETH, which was flying high.

In fact, the second-largest cryptocurrency just painted a new all-time high of almost $5,000. As the community was anticipating a breakthrough above that milestone, though, ETH plummeted to nearly $4,700 before recovering to around $4,800 as of press time.

Most altcoins charted similar volatile price moves over the past hour, which has harmed over-leveraged traders. Data from CoinGlass shows that the hourly liquidations have shot up to well over $300 million, with longs responsible for roughly 90% of the entire amount.

The wrecked positions on a daily scale are almost double that size, with over 130,000 traders liquidated. The single-largest wrecked position took place on OKX and was worth north of $12 million.