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Israel’s biggest bank launches Galaxy crypto trading for BTC, ETH, SOL

Israel’s Bank Leumi is partnering with Galaxy Digital to bring crypto trading to its banking app, expanding digital asset access beyond institutions and into mainstream retail finance. The service is expected to launch in early 2027, allowing customers to buy, hold, and sell Bitcoin, Ether, and Solana directly through Leumi’s trading interface. Leumi said customers of the bank and its Pepper mobile banking arm will be able to use a dedicated section within the Leumi Trade app for the three cryptocurrencies. The companies also framed the rollout as a first for an Israeli bank, while detailing how Galaxy will provide both trading capabilities and custody support. Key takeaways Leumi and Galaxy Digital plan to offer crypto trading for Bitcoin, Ether, and Solana through the Leumi Trade app. Launch timing: early 2027 , according to the companies’ announcement. GalaxyOne Institutional will be used for trading and related services, with Galaxy custody infrastructure supporting the set...
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Bitcoin Slips to $62.5K as Weekly Close Risk Signals Further Losses

Bitcoin moved lower into Friday’s Wall Street open, with traders increasingly focused on whether the market is setting up for a renewed downside break. While broader risk assets managed to hold momentum after encouraging US inflation developments, BTC failed to participate, slipping toward month-to-date lows around the low-$62,000s. Market attention has now shifted to the next major US macro release: the Aug. 26 Personal Consumption Expenditures (PCE) index, which is the Federal Reserve’s preferred inflation gauge. QCP Capital said the crypto sector’s muted response to softer inflation so far makes the upcoming PCE print especially important for what comes next. Key takeaways BTC is trading below $63,000 and is nearing new August lows, despite US equities hitting record highs. Rekt Capital highlighted $63,220 as a weekly-close threshold, warning that staying below it could encourage a deeper breakdown. TradingView data showed BTC down about 1.3% on the day to roughly $62,570, nea...
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Solana Fee Update Boosts Token Burn by Charging More for Usage

Solana is moving toward a significant shift in how it prices and allocates blockspace. A new Solana Improvement Document, SIMD-0553, would replace the network’s current approach—where transaction fees are not tightly linked to how many computing resources a transaction consumes—with a model that charges according to requested resources and burns the resulting fees in SOL. The proposal entered Solana’s onchain governance process in early August and passed the initial support stage on August 4. It is now in the support-and-discussion phase, which typically runs for seven epochs (about two weeks). If it clears the process, it could reshape incentives for both developers and high-frequency users by making inefficient transaction behavior more expensive. Key takeaways SIMD-0553 would tie fees more closely to requested compute, so transactions that use far more resources would pay more than lightweight ones. Instead of sending the resource fee to validators, the proposal directs it to a ...
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ECB: Crypto Payments Have Minimal Use Among Euro Area Merchants

Crypto remains a niche option for payments across the euro area, according to a new survey by the European Central Bank (ECB) that tracks what businesses actually accept at the point of sale. Despite years of mainstream experimentation and the growth of digital payments more broadly, the ECB found that only a tiny share of merchants take crypto assets, including stablecoins. In the ECB’s survey on companies’ cash use, just 0.2% of online merchants accepting goods and services online said they take crypto assets. Cash continues to dominate among businesses with physical sales locations, with 92% of companies accepting it, and mobile payment options continuing to expand quickly. Key takeaways Crypto acceptance is extremely limited : the ECB reports 0.2% of euro area businesses accepting crypto for online purchases. Cash still leads at physical locations , accepted by 92% of businesses with point-of-sale outlets. Mobile payments are the main growth area for in-person transacti...
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RedotPay US IPO Faces Further Delays as Legal, Regulatory Issues Mount

RedotPay’s ambition to list in the United States appears to be running into a slowdown, according to a report from Bloomberg. The stablecoin payments company is said to have delayed plans for a US initial public offering (IPO) as it navigates regulatory steps and ongoing legal disputes tied to Binance. While Bloomberg reported the postponement, a RedotPay representative told Cointelegraph that the company is not discussing IPO timing. Instead, the spokesperson pointed to RedotPay’s recent progress in the US, stating the firm obtained a money transmitter license this week and is preparing to launch its product in the country. Key takeaways Bloomberg reports RedotPay has delayed its planned US IPO while it seeks regulatory approvals and deals with legal pressure involving Binance. RedotPay did not comment on IPO timing to Cointelegraph, but said it recently secured a US money transmitter license. Legal claims at the center of the delay include a lawsuit reportedly seeking nearly $4...
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Metaplanet Denies Selling Bitcoin After Routine Transfer Sparks Speculation

Metaplanet CEO Simon Gerovich has publicly denied speculation that the treasury company was selling its Bitcoin holdings after a routine transfer sent rumor mills into overdrive. Gerovich clarified that the Bitcoin treasury company moved 5,014 BTC, worth around $320 million, between its custodial wallets, not to an exchange. Metaplanet Shuts Down Bitcoin Sale Speculations Gerovich confirmed the Bitcoin treasury company’s Bitcoin holdings remain unchanged after blockchain trackers spotted a transfer from wallets linked to the company. The transfer fueled speculation that Metaplanet was following Strategy’s lead and cashing out on some of its holdings. However, Gerovich moved quickly to calm speculation, stating that it was a routine transfer between company wallets. “We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours. This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC. All of our addresses are published, whic...
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Bitcoin Targets New August Lows as Binance Longs Get Liquidated

Bitcoin traders are entering a tense stretch as leveraged long positions come under pressure, with onchain analytics suggesting that a broader liquidation “cleanout” may be starting. According to CryptoQuant analysis published Thursday, the interaction between Binance futures open interest and BTC/USD price has shifted in a way that often accompanies long positions being stopped out or liquidated. At the same time, CryptoQuant CEO Ki Young Ju warned that the conditions typically associated with a renewed Bitcoin bull market have not yet fallen into place—an important reminder for investors who may be betting on a quick rebound after consolidation. Key takeaways CryptoQuant analysis links the latest BTC downside move with signs of leveraged long positions being flushed out via Binance open interest dynamics. The price-to-open-interest correlation reportedly fell to 0.25 after both price and open interest declined, consistent with weakening longs. CryptoQuant data previously showed...
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