🚀 Brazil Goes Bitcoin: Central Bank Adds BTC to Reserves, Solana Token Launcher Goes Live & Yield Wars Heat Up

Brazil just flipped the script—its central bank now holds Bitcoin as a reserve asset. Meanwhile, Solana gets a turbocharged token launchpad from LFJ, and yield farmers chase unsustainable APYs (again). Here’s what’s moving crypto this week.

Brazil’s BTC Gamble: No more ‘banana republic’ jokes—the country’s monetary authority quietly allocated 1% of reserves to Bitcoin. Traders cheer; goldbugs sneer.

Solana’s New Cannon: LFJ’s token launcher promises ‘one-click IDOs’—because what could go wrong with *even faster* meme coin deployments?

Yield Circus: Cap yield protocols hit 3-digit APYs. Again. Spoiler: They’ll crater by Q4—just like your ‘stablecoin’ farm did last summer.

Bottom Line: Bullish macro moves meet degenerate micro-trends. Stay long Bitcoin, stay skeptical of ‘Web3 financial innovation’ (read: Ponzi 2.0).

Resolv Fee Switch Rollout

Resolv, a decentralized finance (DeFi) system designed to introduce a unique approach to stablecoin architecture, will complete the rollout of its fee switch on Thursday, August 21. The rollout started on July 31 and aims to increase weekly over four tranches.

“Resolv is activating the fee switch — targeting 10% of daily protocol profits to the Foundation treasury. The rollout will be carried out from 31 July to 21 August, increasing weekly over four increments (2.5% → 5% → 7.5% → 10%),” wrote Resolv Labs in a post.

Fees apply to positive daily profits from the collateral pool, and parameters are subject to ratification by stRESOLV holders after the governance LAYER launches. Activation follows proven traction and resilience.

After the rollout is completed, Resolv will transition to a real yield model for stablecoin vaults, targeting 20%+ APY.

Brazil Bitcoin Reserve in Parliament

Another headline to watch this week among the top crypto news is the Brazilian parliament’s discussion on a Bitcoin reserve in the country. After passing the bill in mid-June, the public hearing will take place on Wednesday, August 20.

A passage would be a significant development for the bitcoin market, given Brazil’s heft as the biggest economy in South America.

MASSIVE BREAKING: BRAZIL PARLIAMENT TO HOLD 1st HEARING ON NATIONAL STRATEGIC #BITCOIN RESERVE AUGUST 20th

LARGEST ECONOMY IS SOUTH AMERICA. HUGEpic.twitter.com/XjYTAgb0Sb

A passing WOULD see up to 5% of all government assets put into Bitcoin, potentially making Brazil the third country with the most Bitcoin globally.

“146,000 Bitcoin is more than 0.5% of all coins. In this impossible scenario – of Brazil buying $17 billion in BTC at the current price – the country would have more satoshis than the UK, Ukraine, and North Korea combined,” wrote crypto researcher Paradigma Education.

Arbitrum’s Online Buildathon

ARB traders should also prepare for possible volatility this week, as the Arbitrum online buildathon ends on Friday, August 22. The campaign will last three weeks in India and feature workshops, an AMA, pitch sessions, and a build competition.

Ready to bring your idea onchain?

Join our 3-week Open House Online Buildathon in India starting Aug 22!

Expect workshops, AMAs, pitch sessions & a build competition

Secure your spot and check the full agendahttps://t.co/fx0F8kc8Bb pic.twitter.com/V7VDyknPEz

Developments from the three weeks of hands-on learning, real-time feedback, and the opportunity to build the next big thing could inspire volatility for ARB token.

As of this writing, ARB was trading for $0.5238, up by a modest 1.47% in the last 24 hours.

LFJ Plans Token Launcher

Crypto market participants can also watch LFJ, formerly Trader Joe, which plans to release a novel token launcher on the solana network.

Next stop – Monad Mainnet

LFJ’s bringing the full stack—meta-aggregator, trading tools, & liquidity pools with Liquidity Book infra to Monad on day 1.

It’s their first full-chain push, and they’re going all-in.

The launcher, Token Mill V2, would simplify token creation with a user-friendly interface that requires no coding skills.

It features a bonding curve with two Uni-V3-style pricing pools. The first pool, A, is minted until 80% of the supply is minted, and then Pool B is minted, mimicking a graduation event.

Traders should note its integration with Solana’s ecosystem, offering secure, fast token deployment and liquidity management. LFJ’s Trenches Screener tracks trending meme coins, enhancing trading opportunities.

Cap Money to Launch on Ethereum L1

Another crypto news item to watch is the highly anticipated MegaETH ecosystem project, Cap Money, which will launch on ethereum L1.

It is a stablecoin protocol outsourcing yield generation, tapping exogenous sources for competitive, market-adaptive yields. At the same time, it uses shared security networks like EigenLayer for risk coverage.

“Cap is a stablecoin protocol on Ethereum that unlocks yield with protection. While others restrict yield to one source or limited strategy, Cap opens a marketplace where institutions compete to generate yield while protecting users from downside risk,” the network shared in a recent post.

Just like Ethereum became the general-purpose platform for apps, Cap is building the general-purpose environment for yield.