[LIVE] Crypto News August 5 – Which Crypto to Buy Today for Long-Term Gains? BTC And ETH Accumulation Surges Despite DEX Slowdown

MEI Pharma has officially acquired 929,548 Litecoin (LTC) at an average price of $107.58, using nearly all proceeds from its recent $100 million PIPE financing. The company aims to become the first U.S.-listed public firm to adopt Litecoin as a primary reserve asset.

The move is backed by Charlie Lee, Litecoin’s creator, who has joined MEI Pharma’s Board of Directors as an advisor. Crypto trading firm GSR is also advising MEI on its institutional crypto treasury strategy. Both Lee and a GSR representative now hold board seats.

Just when the crypto market stabilized after last week’s dizzying fall, RARE, the governance token behind SuperRare, an NFT marketplace, was firm, posting double-digit gains.

Data from Coingecko shows that RARE crypto shot 35% yesterday, reversing last week’s losses and adding nearly 20% in the past week.

RARE Crypto Jumps By 35%

At spot rates, RARE is up a decent 35% in the past month and mostly stable, losing just 4% in the last year. RARE is now among the best cryptos to buy, especially if bulls push on. 

But what is pushing up RARE price?

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The era of meme coins is far from over, and TROLL is the proof. A trader bought $22.8K worth of TROLL just 3.5 months ago. They’ve already sold $16.2K worth, covering most of their initial investment. But clearly, this trader has diamond hands: they still hold $2.48 million worth of TROLL. That’s a 109x return: just from buying early and holding.

Conviction like that is rare in the memecoin world. But when it hits, it really hits.

Now, a new contender is gaining steam.

Inspired by the viral SPX6900 meme coin that surged 10,000% this year, TOKEN6900 has the same light and satirical approach. With its presale already passing $1.6 million raised, speculation is growing that this could be the next moonshot. 

Why not? Memecoins are truly making history this cycle, with utility coins rallying behind. More and more traders seem intrigued by the concept of simple memes that promise nothing—yet still print hard.

With staking live during presale at 38% APY, holders can grow their position without selling early.

With the presale still ongoing, T6900 may be the best crypto presale to buy now. A modest $60 million market cap could deliver 10x, while a SPX-style rally could offer even more.

Visit T6900 Here

The U.S. Securities and Exchange Commission (SEC) has issued temporary accounting guidance allowing certain fully backed, USD-pegged stablecoins to be treated as cash equivalents on corporate balance sheets. This interim move offers clarity for businesses and institutions while the SEC continues broader rulemaking under its “Project Crypto” initiative.

To qualify, stablecoins must be redeemable at par value, backed 1:1 with cash or short-term U.S. Treasury assets, and offer immediate liquidity. This excludes algorithmic and non-USD stablecoins, as well as any with risk-bearing structures.

The decision is seen as a boost for institutional adoption, making it easier for companies to hold and report stablecoin assets in line with traditional cash holdings. It also aligns with emerging regulatory frameworks like the GENIUS Act, which requires transparency and reserves for stablecoin issuers.

While temporary, this guidance marks a step toward greater crypto integration in finance, offering much-needed compliance clarity for firms using regulated stablecoins like USDC and USDT.