**News Digest – August 28th, 2025** 🚀
**1. American Bitcoin’s Nasdaq Debut:** The Trump family-backed bitcoin miner ‘American Bitcoin,’ created through a merger with Gryphon Digital Mining, is set to launch on the Nasdaq under ticker ABTC in early September. Hut 8 holds a major stake in this venture.
**Why it matters**: This politically connected, publicly traded miner could attract fresh attention and capital to the bitcoin mining industry as hash price remains sluggish post-halving. Keep an eye out for treasury BTC policies and power contracts for potentially lucrative trading strategies.
**Source:** Reuters
**2. Institutional Demand Drives ETH Futures Surge:** CME Ether (ETH) futures have hit a record $10 billion in open interest, signaling renewed institutional positioning alongside spot ETF flows.
**Why it matters**: The increasing interest in regulated-venue derivatives is often a precursor to spot volatility and basis opportunities. Track calendar spreads and ETF creations/redemptions for further confirmation.
**Source:** CoinDesk
**3. Solana’s Alpenglow Upgrade Nears Vote:** The Alpenglow proposal, aimed at reducing Solana’s finality time to ~150 milliseconds, has entered the voting phase.
**Why it matters**: If implemented, lower latency could benefit high-frequency DeFi and payments, while putting pressure on networking and MEV (maximum extractable value) design. Keep an eye out for client releases and mainnet-beta rollouts.
**Source:** The Block
**4. Canary Files Trump Meme-coin ETF: Exploring SEC’s Boundaries:** Canary Capital filed a meme-coin ETF based on the official Trump coin, marking a foray into the long tail of digital assets.
**Why it matters**: This filing pushes the boundaries of post-bitcoin/ether ETFs and tests how far regulators can go with liquidity, market manipulation, and custody of small-cap tokens. It will spark discussion within SEC regarding these issues.
**Source:** Axios