Stay tuned for the latest updates from StealthEX and CryptoDaily. Each week, we highlight the biggest stories shaping crypto. Curious about what’s trending right now? We’ve put together a quick rundown of the news you need to know. It’s clear, simple, and straight to the point. Follow along and stay one step ahead in the fast-moving world of digital assets. So, let’s dive in.

DBS Expands Tokenization Strategy With Ethereum Launch

DBS Bank has taken a major step in digital assets by rolling out tokenized structured notes on Ethereum. This marks a shift from serving only private clients to opening the door for accredited and institutional investors.

For the first time, the bank will distribute these products through ADDX, DigiFT, and HydraX. The debut product is a crypto-linked note. It offers payouts when digital asset prices rise, while limiting losses. Investors gain exposure to the crypto market without owning coins directly.

Traditionally, such products required a $100,000 minimum. DBS has cut that threshold by splitting each note into $1,000 units. This makes the products easier to trade and more accessible. Investors now enjoy flexibility to adjust portfolios without locking up large sums.

Demand for complex financial products has surged. DBS processed over $1 billion in trades in the first half of 2025, with a 60% rise from Q1 to Q2. Family offices and professional investors in Singapore are driving this growth. The number of family offices passed 2,000 last year, rising 43% year-on-year.

Singapore wants to lead in tokenized finance. MAS is running pilots under Project Guardian, covering tokenized bonds, FX, and funds. DBS, already active in these programs, is now expanding beyond private blockchains into public ones like Ethereum.

SharpLink Doubles Down on Ethereum With $667M Buy

Sports betting tech firm SharpLink has increased its Ethereum holdings with a $667 million purchase. The company bought 143,593 ETH at an average of $4,648. This raised its total stash to 740,760 ETH, worth about $3.2 billion today.

The deal was funded with $390 million from a direct offering, $146.5 million from its market program, and $537 million in net proceeds. The company still holds $84 million in cash for future deals.

Almost all its ETH is staked on Ethereum’s proof-of-stake network. SharpLink has already earned 1,388 ETH in rewards. Its filings with the SEC confirm participation in liquid staking protocols. However, management admits that regulation around staking remains a risk.

The move comes while SharpLink struggles with a $103 million loss in Q2 2025. Most of that stemmed from accounting for liquid staked ETH. Investors reacted poorly, sending the stock down 12% last week and another 13.5% across five trading sessions.

Even so, the company continues to bet on Ethereum’s long-term value. Rival BitMine Immersion Technologies now holds 1.52 million ETH worth $6.6 billion, making it the largest corporate holder. SharpLink is second. Together, the two firms highlight the growing role of institutions in Ethereum markets.

The company also redeemed bonds in July using funds from exercised stock rights, balancing growth with liquidity. With investor support holding firm, Metaplanet shows no sign of slowing its Bitcoin strategy.

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PulseChain Gains Ground With Growing DeFi Ecosystem

PulseChain is emerging as a strong alternative for developers and users looking for faster, cheaper blockchain solutions. With quick transactions and low fees, the network is becoming a preferred platform for decentralized finance.

A major part of its growth comes from PulseX, the decentralized exchange that has attracted strong liquidity. Another driver is pDAI, a community-backed stablecoin built on PulseChain. Developers and users have worked together to keep its peg to the dollar stable.

Community governance has been central in stabilizing pDAI. The network encourages users to participate in solving key issues, giving the ecosystem resilience and adaptability. This model highlights PulseChain’s focus on collaboration rather than top-down control.

Developers say the platform was designed for both scale and innovation. The emphasis is on long-term growth rather than short-term hype. PulseX and pDAI are seen as proof that the model is working.

Now, LibertySwap allows users to bridge assets from other blockchains to PulseChain instantly. This feature improves liquidity and simplifies entry for new users. With its expanding tools and active community, PulseChain is positioning itself as a serious player in the DeFi sector.

Thailand Launches Crypto-to-Baht Pilot for Tourists

Thailand has unveiled an 18-month program allowing visitors to convert cryptocurrency into local currency. The initiative, called TouristDigiPay, will begin later this year. It was developed by the Ministry of Finance, SEC, AMLO, and the Ministry of Tourism.

Tourists can exchange crypto into baht through licensed asset businesses and e-money providers. Direct payments at shops remain banned. Merchants will still only receive baht, in line with financial rules.

The program comes with strict limits. Each conversion is capped at 550,000 baht ($16,900). Spending through the system cannot exceed 500,000 baht monthly. Withdrawals of cash are not allowed. Tourists must complete KYC and CDD checks before opening accounts.

Authorities say the framework builds on Thailand’s digital asset rules and includes strong consumer safeguards. Tourism is vital to the economy, making up 12% of GDP. But arrivals fell 6.9% this year, with a steep drop in Chinese visitors. The forecast for 2025 was cut from 37 million to 33 million.

Officials hope digital payment innovation can attract new visitors. Finance Minister Pichai Chunhavajira said the program will make travel easier and reduce reliance on cash. Thailand is among the first major destinations to integrate crypto-to-fiat conversions at scale.

Taiwan Prosecutors Charge 14 in $41M BitShine Case

Taiwan has indicted 14 people over a crypto scam that defrauded 1,500 victims of $41 million. Authorities allege the group used BitShine as a front to hide another unlicensed firm, Biying Technology.

Investigators say the group directed customer funds into crypto, mainly USDT. The money was then moved overseas through multiple transfers to disguise its origin. Between January 2024 and April 2025, the scheme allegedly laundered $75 million.

The operation was led by a man named Shih, with his wife serving as Asia-Pacific director. Another suspect, Yang, managed business operations. Prosecutors say the group worked with organized crime networks, telling victims to deposit money into controlled wallets before rerouting the funds.

BitShine had cleared regulatory checks, helping the group appear legitimate. Authorities say this was used to convince investors they were using Taiwan’s only officially approved exchange.

The Shilin District Prosecutor’s Office charged the suspects with fraud, money laundering, and organizing a criminal group. Prosecutors are seeking a 25-year sentence for Shih, citing his lack of remorse. Seized assets worth $41 million will be confiscated. Defendants who admitted guilt or agreed to return funds may face reduced sentences.

MicroStrategy Relaxes Share Policy While Buying More Bitcoin

MicroStrategy has shifted its stance on stock issuance, giving itself more freedom to dilute shareholders. Founder Michael Saylor confirmed that the firm may issue shares whenever it sees value, not just at high valuation multiples.

The company had earlier pledged to avoid dilution below 2.5x its net asset value ratio. That restriction is now dropped. Management argues flexibility is needed to continue building Bitcoin reserves.

MicroStrategy is valued more on its Bitcoin holdings than earnings. Its market value is currently 1.62 times the worth of its Bitcoin. The firm argues that selling stock above this ratio and converting proceeds into BTC is beneficial, but critics warn overuse could erode investor trust.

The company recently added 430 BTC for $51.4 million at $119,666 each. It now holds 629,376 BTC worth $74.9 billion. The average cost is $73,320 per coin, giving the firm a 23% gain this year.

Though this purchase was smaller than July’s 31,000 BTC buy, MicroStrategy remains the largest corporate Bitcoin holder. Competitors like Japan’s Metaplanet are also accumulating, adding pressure to keep pace. Institutions globally acquired 3,900 BTC last week, showing ongoing demand despite volatility.

DOJ Signals Softer Stance on Developers After Tornado Cash Case

The U.S. Department of Justice has clarified it will not prosecute developers for unintended misuse of decentralized protocols. The statement comes weeks after Tornado Cash co-founder Roman Storm was convicted for running an unlicensed money transmission business.

Speaking at the American Innovation Project Summit, acting assistant attorney general Matthew Galeotti said developers are not liable for how others use their open-source code. He added that only cases involving intent to commit crime would lead to charges.

Crypto groups welcomed the move. They have long argued that prosecuting developers over third-party actions stifles innovation. The DOJ had already issued a memo in April, signaling a retreat from such prosecutions.

Storm’s conviction sparked debate in the industry. Supporters say the verdict misrepresented Tornado Cash’s decentralized nature. Prosecutors countered that Storm still controlled the protocol in key ways. The mixer was linked to laundering over $500 million in stolen crypto in 2022.

Galeotti stressed that “truly decentralized” projects should not face charges under transmission laws. While Storm plans to appeal, the DOJ’s clarification suggests a new boundary for enforcement. Developers now have greater clarity, even as privacy tools remain a controversial part of the crypto landscape.

Fed Governor Waller Calls Stablecoins the Next Digital Dollar

Federal Reserve Governor Christopher Waller has described stablecoins as a vital tool to strengthen the dollar’s role worldwide. Speaking at the Wyoming Blockchain Symposium, he said payments are entering a “technology-driven revolution.”

Waller compared stablecoins to earlier financial innovations like credit cards and mobile payments. He said they represent the next phase of global finance, combining instant settlement with 24/7 availability. Stablecoins are proving especially useful in countries with inflation or weak banking access.

He called them “digital dollars,” complementing Bitcoin’s status as digital gold. The recently passed GENIUS Act was highlighted as a key framework, requiring issuers to hold reserves and comply with licensing. Waller said this law is a foundation for stablecoins to scale safely.

The governor emphasized that innovation should come from private firms. The Fed’s role is to ensure security and efficiency. He compared the models of stablecoins and card networks with Fed-run systems like FedNow, noting both are needed for balance.

Waller urged stronger cooperation between regulators and innovators. He said ongoing dialogue would help keep the U.S. payment system competitive and resilient. His comments mark one of the strongest endorsements of stablecoins from a Federal Reserve leader.

SEC Chair Atkins Unveils “Project Crypto” for Clearer Rules

SEC Chairman Paul Atkins has pledged to end “regulation by enforcement” in crypto. Speaking at the Wyoming Blockchain Symposium, he promised a clear rulebook to guide digital asset markets. “It is a new day,” he told attendees.

The plan, called Project Crypto, narrows the definition of securities. Most cryptocurrencies will not fall under securities law. The SEC will draft new rules for issuance, custody, and trading, with exemptions to help early-stage projects grow.

Atkins said the initiative aims to bring innovation back to the U.S. Many firms had moved overseas due to unclear rules. By reshoring businesses, the SEC hopes to make the country a leader in blockchain finance.

Project Crypto is built on five priorities: defining tokens, modernizing custody, encouraging competition with “super-apps,” supporting DeFi, and introducing innovation exemptions. The goal is to integrate blockchain into finance without stifling growth.

Atkins stressed that this shift will give the U.S. an edge in global markets. The program builds on the President’s Working Group report that laid out a strategy for leadership in digital assets. “We want to embrace innovation,” Atkins said, outlining his vision to make the U.S. the crypto capital of the world.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

Tags: Bitcoin CryptoDaily Ethereum SEC Tornado Cash
The post SEC’s New Rules, DBS on ETH & Thailand Pilot first appeared on StealthEX.

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Filed under: Bitcoin - @ August 25, 2025 12:09 pm