NEWS DIGEST – 28.08.2025 🚀
1. “American Bitcoin” (ABTC) — Trump sons–backed miner set to list in early September
🟠 Reuters reports the Trump family–backed bitcoin miner “American Bitcoin,” created via merger with Gryphon Digital Mining, plans to begin trading on Nasdaq under ticker ABTC in early September; Hut 8 is the largest investor.
Why it matters: A politically connected, publicly traded miner could draw fresh mainstream attention (and capital) to the mining trade just as hashprice lags post-halving—watch treasury BTC policies and power contracts for alpha.
Sources: Reuters.
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2. Institutions lean back into ETH: CME Ether futures OI hits a record ~$10B
📈 Open interest in CME Ether (ETH) futures has climbed to an all-time high around $10B, signaling renewed institutional positioning alongside spot ETF flows.
Why it matters: Rising regulated-venue derivatives interest tends to precede spot volatility and basis opportunities; monitor calendar spreads and ETF creations/redemptions for follow-through.
Source: CoinDesk.
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3. Solana’s “Alpenglow” upgrade enters voting—targets ~150 ms finality
⚡ The Alpenglow proposal moved into the validator voting phase, aiming to push Solana’s target finality toward ~150 milliseconds via consensus and client upgrades.
Why it matters: If implemented, lower latency could improve UX for high-frequency DeFi and payments, while stressing networking and MEV design—watch client releases and mainnet-beta rollout timelines.
Source: The Block.
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4. Canary files a Trump meme-coin ETF—testing the SEC’s risk tolerance
🧨 Axios says Canary Capital filed for an ETF tracking the “official Trump meme coin,” extending ETF experimentation beyond BTC/ETH and into the long-tail—amid unresolved questions on indexability and market integrity.
Why it matters: Even if rejected, the filing probes how far the post-bitcoin/ether ETF regime can stretch; a comment docket would surface where regulators draw lines on liquidity, manipulation, and custody for small-cap tokens.
Source: Axios.
