📈 Trump Pumped $CRO in One Shot

Most people just hold BTC and pray for the number to go up. But you could actually turn your Bitcoin into a fee-printing machine, without selling a single sat. Curve just dropped a DeFi product that doubles your exposure, earns fees like a pro trader, and even lets you farm rewards… all while holding your BTC.

Here’s what we got for you today:

• ⭐ 5 Things You Shouldn’t Miss

• 🌊 $1B in $SOL Bought by Giants. What’s Really Goi …

• ⚙️ Turn Your BTC into a Fee-Generating Machine. He …

• 🤡 Meme Of The Day

⭐ 5 Things You Shouldn’t Miss

🤝 Trump Media and Crypto.com just sealed a $6.42B deal to create a massive CRO token treasury. Trump Media will buy $105M worth of CRO (~2% of total supply). Crypto.com will invest $50M into Trump Media stock ($DJT). $CRO.X ( ▼ 1.13% ) is now up 25%, and Trump Media’s stock ($DJT ( ▼ 2.37% ) ) is pumping too.

💥 An investor deposited $16M $USDC.X ( ▼ 0.0% ) into Hyperliquid. They went heavy long on Plasma (XPL), pushing price from $0.58 → $1.8 in minutes & earned $15M profit instantly, while still holding an $8.1M open long. Lookonchain spotted 2 more wallets doing the same. Combined? $38M profit in a morning. Justin Sun is suspected to be behind it.

⚽ There’s a rumor about Cristiano Ronaldo launching an official CR7 memecoin. It started with a KOL saying CR7 could hit $50B MC and early buyers would “get rich.” Within hours, at least 5 CR7 tokens popped up on Solana & one skyrocketed to $143.18M in just 6 minutes. Then down 98% in 9 minutes as whales dumped.

🚀 Google just unveiled GCUL, a layer-1 blockchain they built themselves. And they’re testing it with none other than CME Group, the world’s largest derivatives exchange. GCUL is a private testnet right now. With Google’s ecosystem (cloud, AI, big data), GCUL acts as a bridge between on-chain and off-chain assets.

📊 Through 1789 Capital, Trump Jr. invested “tens of millions USD” into Polymarket. It just returned to the U.S. after a CFTC penalty. He also joined the company’s advisory board. BUT, Trump Jr. is already a strategic advisor at Kalshi, Polymarket’s direct rival. His double role raises serious questions about conflicts of interest.

🌊 $1B in $SOL Bought by Giants. What’s Really Going On?

You’ve probably seen the Bloomberg headline: Galaxy Digital, Jump Crypto, and Multicoin are raising $1B to acquire a public company and turn it into a Solana treasury, starting this September. ($SOL.X ( ▼ 4.93% ) )

And they’re forming the largest Solana treasury in existence. Cantor Fitzgerald is reportedly the lead banker for the deal. Even more surprising? The Solana Foundation is backing this plan.

Right now, Upexi holds the biggest known SOL stash. The supply chain management company announced it had crossed 2 million SOL, worth roughly $400M.

Upexi also says it's generating extra value for stakeholders through staking yield and discounted locked tokens, a strategy to boost long-term returns.

This shows growing corporate interest in Solana, beyond just speculation.

• Meanwhile, Bit Mining, originally a Bitcoin-focused company, is shifting its strategy.

1️⃣ Will SOL Pump Immediately from the $1B Treasury News?

Maybe not. Here’s why:

• A $1B buy-in like this is usually executed in phases, not dumped in all at once.

• Think of it like MicroStrategy’s DCA strategy, they buy twice a month, slow and steady.

• Right now, SOL’s daily trading volume is $6–11B, so the market can absorb this size easily.

• If they use OTC (over-the-counter) channels, the impact on market price will be even smaller.

Also worth remembering: SOL has already doubled in price since April, riding the overall market uptrend and the growing hype around DATs (digital asset treasuries).

So, a big part of this narrative may already be priced in.

If you’re looking to swing trade this news, I’d say think twice. The smarter move is to treat this as a long-term bullish signal for Solana, not a quick win.

2️⃣ Will Galaxy, Jump, Multicoin Dump SOL If the Market Crashes?

Honestly, it depends how they raise the $1B. Coinbase already warned about this

• Coinbase once said that crypto treasury firms face systemic risk.

• If the market tanks, some of them may be forced to sell assets to repay debt.

• As of Aug 21, 2025, 1/3 of 156 Bitcoin-holding companies had stock prices below their net asset value (via DL News).

  • Example: holding $100M in BTC, but market cap is only $90M.

• If debt is due and stock is down, they may have no choice but to sell BTC → panic spreads → market-wide crash.

Now back to the Galaxy - Jump - Multicoin alliance. Bloomberg didn’t specify how the $1B is being raised. Maybe debt? Or equity (stock issuance)?

If it’s debt:

• There’s repayment pressure.

• In a down market, the treasury may be forced to liquidate SOL to repay.

• Could trigger more panic and market-wide sell-offs.

If it’s equity (stock offering):

• Much safer, no repayment obligations.

• If SOL drops, they’re not forced to sell anything.

• Investors simply bear the risk, like holding shares in MicroStrategy.

Meanwhile, the Solana Foundation is backing the treasury idea, if things get shaky, they could help arrange OTC deals to avoid public dumping.

Besides, Jump Crypto is part of Jump Financial, a $9B+ AUM powerhouse. Galaxy Digital also manages $5.7B. These aren’t small fish, they’ve got deep liquidity and can step in if needed.

3️⃣ Is Wall Street Going Long on SOL?

Solana is now walking a path similar to what Bitcoin once did → becoming a reserve asset for institutional treasuries. And things are accelerating fast.

Who’s Already Holding SOL?

• Current treasury holdings = 3.7M SOL (~$700M)

Latest update:
→ On Aug 26, 2025, Pantera Capital announced plans to raise $1.25B for a SOL reserve fund, just like what Galaxy, Jump, and Multicoin are doing.
→ Sharps Technology is also in.

If all plans are executed, total SOL held by DAT (Digital Asset Treasury) companies could jump to 17M SOL. Unlike $BTC.X ( ▼ 2.88% ) or $ETH.X ( ▼ 0.97% ) , Solana offers 7–8% APY through staking.

This means treasury holders earn passive income just by holding. For example, Upexi is currently earning $65,000/day from staking its 2M SOL.

→ That’s a major incentive for long-term holders.

But there are roadblocks. Institutions still have hesitations:

• Solana lacks the decentralization, reliability, and security of Ethereum.

• That’s a turn-off for major traditional finance players.

As Robbie Mitchnick (BlackRock Head of Digital Assets) put it:

Their clients care deeply about decentralization, trust, and security, and that’s where Ethereum still leads.

Yes, Wall Street is moving into SOL, especially via specialized crypto-native funds. But don’t expect the biggest banks or pension funds to jump in just yet.

SOL’s staking yield and growing treasury narrative make it a strong long-term play but it still has to win over the “institutional trust” crowd.

⚙️ Turn Your BTC into a Fee-Generating Machine. Here’s How

Forget letting Bitcoin sit idle. There’s a new way to make your BTC work, and earn solid yield on it.

BTC isn’t just digital gold anymore, it can become your personal transaction fee engine. If you’re smart about where you park it, you can stack passive income while holding one of the safest assets in crypto.

Are you letting your BTC just sit there… or are you ready to put it to work?

1️⃣ Can Yield Basis Really Make Your BTC Work Harder?

If you're holding BTC and just waiting for number to go up, there's now another option: put it to work with Yield Basis, a new DeFi product by Curve.

What Is Yield Basis?

• Built by Curve, based on stablecoin “crvUSD” and Llama Lend (Curve’s lending engine).

• Goal: Help BTC/ETH holders double their exposure in liquidity pools to earn more trading fees.

Let’s say you have 1 BTC ($100K for example). Normally, you’d just hold it. But with Yield Basis:

• Your BTC is paired with an equal amount of crvUSD and deposited into the BTC/crvUSD pool on Curve.

• But here’s the twist:

  • Yield Basis borrows crvUSD via Llama Lend to simulate a $200K position from your $100K.

  • So you earn trading fees on the full $200K, not just your 1 BTC.

Sounds great, right? More fees, double exposure. But higher returns come with higher risk. There are three key costs to watch:

• Borrowing cost: The crvUSD you use is borrowed, and it comes with an interest rate.

• Rebalancing cost: When the market moves, the system needs to restructure your position, which creates extra costs.

• Volatility risk: If BTC drops suddenly, your leveraged position could become unstable.

Net Profit Formula: Net Yield = 2 × Trading Fees – Borrowing Cost – Rebalancing Cost

If the pool has lots of volume → great yield. If volume dries up or borrowing costs spike → returns shrink, even to near-zero.

So yeah, Yield Basis can double your earning potential from trading fees, but only if conditions are right.

Next is the Impermanent Loss (IL) → the classic AMM problem. When you provide liquidity to an AMM (like Curve), your portfolio is exposed to price divergence. Example:

• BTC doubles → You should’ve had $200K.

• But inside the pool? You end up with only ~$194K.

• That $6K difference = IL.

Fees might cover this if trading volume is high. But if the market trends one way with low activity, fees won’t save you. You’d be better off just holding BTC.

Another risk is liquidation. Your LP tokens are used as collateral to borrow crvUSD in the first place.

• So if BTC drops hard, your position’s value may fall below the required collateral level.

• Result? You can get liquidated, just like on any lending platform.

• That means not just losing yield, but potentially part of your principal.

When Does Yield Basis Actually Work Best?

🤡 Meme Of The Day

We read your emails, comments, and poll replies daily

Hit reply and say Hello – we'd love to hear from you!

Like what you're reading?

And if you’ve got a friend deep in crypto (or just getting started), feel free to forward this to them. They can sign up here.

Cheers,

The Crypto Fire

This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.