# Trenches Today — August 5, 2026

Canonical edition: https://trenchestoday.xyz/editions/2026-08-05
Published: 2026-08-05T10:52:49.645Z
Updated: 2026-08-05T10:52:49.645Z
Edition: 20260805
Revision: 1
Content hash: e349157773a1b63c590d2462714133204d5ccfee88908ef543af5e25af689f2d

> A new Solana governance proposal, SGP-0003, bundles a transaction fee structure overhaul with an accelerated disinflation schedule to increase daily SOL burns.

## Lead story: Solana Governance Proposal SGP-0003 Aims to Increase Daily SOL Burns

A new Solana governance proposal, SGP-0003, bundles a transaction fee structure overhaul with an accelerated disinflation schedule to increase daily SOL burns.

- Solana proposal SGP-0003 bundles a transaction fee structure overhaul with an accelerated disinflation schedule.
- The proposal aims to increase daily SOL burn rates significantly if validator support threshold requirements are met.

Original source: [coindesk](https://www.coindesk.com/tech/2026/08/04/a-new-solana-proposal-would-take-daily-sol-burns-from-usd47-000-to-usd650-000)

## Complete edition

### Bitcoin

#### Bitdeer Expands AI Infrastructure With $4.7B Norwegian Data Center Lease

Topic: Bitcoin · Signal: rails

Bitdeer announced a 16-year agreement for 121 megawatts of AI data center capacity in Norway valued at up to $4.7 billion.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_7caef52b8d169a480bc8
Original source: [cointelegraph](https://cointelegraph.com/news/bitdeer-ai-data-center-lease-norway)

#### Strategy Discloses Sale of 1,638 BTC for $105 Million

Topic: Bitcoin · Signal: rails

Strategy disclosed the sale of 1,638 BTC for approximately $105 million, adjusting its total holdings to 842,138 BTC.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_d15bbbed9740fb8fec63
Original source: [the-block](https://www.theblock.co/post/410414/michael-saylors-strategy-sells-another-1638-btc-for-105-million-reducing-total-holdings-to-842138-btc)

#### US-Japan Yen Coordination Emerges as Bitcoin Traders Note August Patterns

Topic: Bitcoin · Signal: rails

US and Japanese officials coordinated regarding foreign exchange interventions as bitcoin market commentary highlights seasonal August trading patterns.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_426edfc048779936bf77
Original source: [cointelegraph](https://cointelegraph.com/markets/us-hints-at-more-yen-intervention-five-things-to-know-in-bitcoin-this-week)

#### DCG Subsidiary Fortitude Acquires 12.5 MW Nebraska Facility for $4.7M

Topic: Bitcoin · Signal: rails

DCG subsidiary Fortitude Mining completed the acquisition of a 12.5 MW Nebraska mining facility for a net $4.7 million.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_109de42e6267a26db608
Original source: [the-block](https://www.theblock.co/post/410565/dcgs-fortitude-acquires-nebraska-facility-zcash-mining)

### Ethereum & L2

#### BNY Mellon Selects Galaxy for Crypto Staking on Custody Platform

Topic: Ethereum & L2 · Signal: rails

BNY Mellon selected Galaxy as its staking infrastructure provider to add institutional crypto staking services to its digital asset platform.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_d6c75c0c13cd6978260f
Original source: [coindesk](https://www.coindesk.com/business/2026/08/04/bny-to-add-crypto-staking-to-digital-asset-custody-platform)

#### Bitmine Adds $19.6M in Ether and Repurchases 4.5M Shares

Topic: Ethereum & L2 · Signal: rails

Bitmine added 10,399 ETH ($19.6 million) to its holdings, reaching nearly 5.8 million ETH (about 4.8% of Ether's circulating supply), while repurchasing 4.5 million shares.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_4cb920f1ac60fae9d647
Original source: [cointelegraph](https://cointelegraph.com/news/bitmine-buys-10399-eth-repurchases-4-5-million-shares)

#### XRP Holders Can Now Borrow RLUSD on Ethereum Through $280M Pool

Topic: Ethereum & L2 · Signal: rails

Flare's FXRP has been integrated as collateral into a $280 million RLUSD lending pool on Ethereum, enabling XRP holders to borrow RLUSD without selling their underlying tokens.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_1715360b8425d9080b0b
Original source: [coindesk](https://www.coindesk.com/markets/2026/08/04/flare-s-wrapped-xrp-wins-approval-in-a-usd280-million-rlusd-lending-vault)

### Solana

#### BlackRock Launches Tokenized Money Market Funds on Solana and Ethereum

Topic: Solana · Signal: rails

BlackRock launched tokenized money market fund access for stablecoin reserves, utilizing Solana alongside Ethereum for onchain issuance and transactions.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_8d147c8abc8e779ca468
Original source: [decrypt](https://decrypt.co/374865/blackrock-tokenized-money-market-funds-solana-ethereum)

### Markets & Macro

#### American Bitcoin Reports Q2 Revenue of $67M and Treasury Target Above 8,000 BTC

Topic: Markets & Macro · Signal: rails

American Bitcoin reported Q2 revenue of $67 million and increased its treasury reserve to 8,002 BTC following quarterly mining output of 932 BTC.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_52ce9e40babd201dd5df
Original source: [the-block](https://www.theblock.co/post/410426/eric-trumps-american-bitcoin-treasury-tops-8000-btc-as-q2-mining-production-hits-record)

#### Cloudflare Rollout Kicks Off AI Agent Stablecoin Wallet Handles

Topic: Markets & Macro · Signal: rails

Cloudflare introduced wallet handles for AI agents with plans to enable stablecoin payment features in a future release.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_0869c36d2374c0818b1b
Original source: [the-block](https://www.theblock.co/post/410629/cloudflare-kicks-off-stablecoin-wallet-rollout-ai-agents-pay-apis-online-content)

### Industry & Other

#### South Korean Exchange Bithumb Targets 2028 IPO

Topic: Industry & Other · Signal: rails

South Korean crypto exchange Bithumb announced plans to seek a preliminary listing review in 2027 for a targeted 2028 initial public offering, after transitioning to international accounting standards (IFRS) this year.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_423c1deb3e46de746396
Original source: [decrypt](https://decrypt.co/374823/south-korean-exchange-bithumb-targets-2028-ipo)

#### Crypto Exchange Bitget to Exit Japan by Year-End

Topic: Industry & Other · Signal: rails

Crypto exchange Bitget announced it will completely cease operations in Japan, stopping new user registrations on Oct. 26, 2025, and closing all open positions by Dec. 31, 2025.

Edition link: https://trenchestoday.xyz/editions/2026-08-05#story-story_02b85b1e2c16fbc1680d
Original source: [coindesk](https://www.coindesk.com/policy/2026/08/03/bitget-set-to-exit-japan-close-all-remaining-positions-by-year-end)

## Corrections

No corrections recorded for this revision.

## Use and attribution

Trenches Today is a source-linked editorial synthesis. Cite the canonical edition URL and retain links to the original reporting when referring to a specific claim.