The European Commission criticized Internal Market Commissioner Thierry Breton for bypassing protocol by sending an official warning to Elon Musk without prior consultation with Commission President Ursula von der Leyen.
DeFi protocol Gyroscope introduced a yield-bearing version of its stablecoin, Savings GYD (sGYD), offering an annual return of approximately 12–15%, depending on market conditions.
On August 5, the markets were shaken as BTC dropped below $50,000, and ETH nearly hit $2,100. Throughout the day, over $1 billion in trading positions were liquidated, according to CoinGlass.
Grayscale launched the Ethereum Mini Trust, offering an introductory zero-fee period (0% commission) for the first 6 months or up to $2 billion. Subsequently, the commission will be 0.15%, the lowest in the market, excluding initial discounts.
