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China Expands Digital Yuan Network with Eight New Banking Partners
The People’s Bank of China has added eight commercial banks to its digital yuan operating network, bringing the total number of authorized service providers to 30. This expansion marks a rapid scaling of the state-backed digital currency infrastructure as regulators push for wider retail and cross-border adoption throughout 2026.
Knaken Bankruptcy Leaves Creditors Facing Steep Losses
Dutch prosecutors have liquidated the remaining cryptocurrency assets seized from the failed exchange Knaken for €2.2 million, providing the bankruptcy estate with its first pool of capital. While this sum offers a starting point, it covers only a fraction of the €10 million to €12 million in estimated customer claims.
Ripple Mints 10 Million RLUSD as Supply Hits 1.71 Billion
Ripple issued 10 million RLUSD tokens on the XRP Ledger on August 17, pushing the stablecoin’s total circulating supply to approximately 1.711 billion. While the transaction was verified on-chain, it remains unclear whether the mint signifies new institutional demand or simple internal inventory management by an authorized customer.
Stripe Reportedly Nears $7 Billion Acquisition of OpenRouter
Stripe has reached a deal to acquire AI model-routing startup OpenRouter for over $7 billion, a valuation leap that highlights the rapid consolidation of artificial intelligence infrastructure. The transaction, though not yet formally confirmed by either party, would value the platform at more than five times its May funding round.
Duquesne Family Office Bets $23M on Hyperliquid Treasury Strategy
Stanley Druckenmiller’s Duquesne Family Office has revealed a $23 million stake in Hyperliquid Strategies, marking a strategic entry into the digital asset treasury model. The investment provides the firm with indirect exposure to the HYPE token via the Nasdaq-listed entity, which operates as a specialized corporate holding vehicle.
Greenlane Treasury Shrinks as BERA Holdings Lose $53 Million in Value
Greenlane Holdings’ digital asset treasury has plummeted to a fair value of $16.4 million by the end of the second quarter, marking a 76.6% decline from its $70 million cost basis. The Nasdaq-listed company continues to lean heavily into its Berachain strategy despite a sharp, ongoing downturn in the token’s market price.
Capital B expands Bitcoin treasury to 3,145 BTC
Euronext Growth Paris-listed Capital B has added five Bitcoin to its strategic reserve, bringing its total holdings to 3,145 BTC. The firm acquired the assets for €280,000, funding the purchase through a fresh equity issuance program as it continues to lean into its aggressive accumulation strategy.
BitMart users and staff set August 19 deadline for financial clarity
A group of BitMart users and employees has issued a formal demand for the exchange to disclose its full financial reserves, explain ongoing withdrawal restrictions, and provide a concrete repayment plan by August 19. The ultimatum follows the firm’s recent announcement that it will cease all operations by early 2027.
Ross Gerber Questions Bitcoin's Utility in Shift Away from Crypto
“Probably easier to use gold than bitcoin in most places still,” investment adviser Ross Gerber declared on August 16, marking a sharp pivot for a financier who once championed the cryptocurrency to his own clients. His skepticism now targets both the network's daily utility and its long-term industrial value.
Ethlabs sets four-point agenda for Ethereum's upcoming Hegotá upgrade
The Ethereum research organization Ethlabs has identified four core priorities for the network's upcoming Hegotá upgrade, scheduled for 2027. By advocating for improved censorship resistance, faster block times, native account abstraction, and aggressive Layer 1 scaling, the group aims to steer the technical scope as developers finalize the fork's features.
Brooks Macdonald Taps Woven Advice to Streamline Advisor Workflows
UK wealth manager Brooks Macdonald is partnering with infrastructure firm Woven Advice to digitize the way international financial advisors manage client books. By centralizing disparate platform and investment data, the collaboration aims to replace labor-intensive manual processes with automated suitability reporting and accelerated client reviews.
Edward Ellis Named CFO at Clifton Asset Management
London-based Clifton Asset Management has appointed Edward Ellis as its new chief financial officer, filling the vacancy left by the retirement of Ellis Organ. Managing £4 billion in assets, the firm tapped the former Kingswood Group executive to oversee financial strategy as it serves over 15,000 clients.
Apple Patches macOS Screen Sharing Flaw Exploited for Cryptojacking
Attackers have exploited a critical authentication vulnerability in macOS Screen Sharing, gaining root access to remotely install Monero mining software. The Netherlands’ National Cyber Security Centre confirmed active exploitation of the flaw, which has since been upgraded to a 9.8 critical severity rating by CISA.
Novig challenges Wisconsin gambling laws in federal court
Wisconsin is the fifth state to face a lawsuit from prediction market operator Novig, which is seeking to block state officials from enforcing local gambling statutes against its sports contracts. The company argues that its federally regulated exchange operates under the exclusive jurisdiction of the Commodity Futures Trading Commission.
Changpeng Zhao empties public wallet in $965K donation to Giggle Academy
Changpeng Zhao has drained his long-monitored public crypto wallet, transferring roughly $965,000 in BNB and 币安人生 tokens to his education initiative, Giggle Academy. The move follows persistent issues with unsolicited meme coins that created a constant stream of market speculation surrounding his personal holdings.
Vitalik Buterin outlines hybrid scaling path for Ethereum
Drawing inspiration from Bitcoin’s Utreexo model, Ethereum co-founder Vitalik Buterin has signaled a shift in the network’s long-term scaling strategy. The proposal aims to integrate UTXO-style state management alongside existing account models, potentially easing the storage burden on nodes without compromising decentralization or censorship resistance.
Crypto migration scams surge following MiCA regulatory deadline
Scammers are exploiting the European Union’s recent MiCA transition, impersonating regulators and exchanges to target users forced to migrate their assets. With over 1,000 crypto firms lacking authorization, criminals are deploying counterfeit notices and fake platforms to siphon funds from unsuspecting customers navigating the mandatory wind-down of services.
Sandisk Perpetual Futures Surge to $1.73 Billion in Open Interest
Sandisk-linked perpetual futures have secured their position as the crypto market’s largest equity-based derivatives product, with aggregate open interest hitting $1.73 billion as of August 17 across 32 tracked platforms, signaling a rapid expansion in synthetic exposure to traditional assets.
Chainalysis Challenges $94.7M ICE Contract Awarded to TRM Labs
A $94.7 million sole-source contract for blockchain intelligence services has ignited a legal battle between two industry giants. Chainalysis Government Solutions has filed suit in the Court of Federal Claims, challenging the decision by Immigration and Customs Enforcement to bypass competitive bidding in favor of rival firm TRM Labs.
Attorney General Blanche Rejects Pledge of Justice Department Independence
Attorney General Todd Blanche refused on Sunday to commit to the Justice Department operating independently of the White House, fueling concerns from critics who argue he is managing the nation's primary law enforcement agency as an extension of President Donald Trump’s private legal team.
SafePal data breach exposes details of nearly 40,000 users
An authorization flaw in a third-party order-tracking plugin has exposed the personal information of 39,798 SafePal customers. While the breach compromised names, shipping addresses, and purchase histories for orders placed between March 2025 and April 2026, the company confirmed that core wallet security features remain intact and unaffected.
Bits of Gold Investigates Data Breach via Third-Party Software
A security failure within a third-party analytics provider has exposed sensitive information belonging to customers of Bits of Gold, Israel’s regulated cryptocurrency broker. While the company confirmed unauthorized access to personal records, it maintains that core financial assets, passwords, and scanned identification documents remain secure from the intrusion.
Sergey Brin Leads Billionaire Push Against California Wealth Tax
As California prepares to vote on a landmark wealth tax, Google co-founder Sergey Brin has funneled over $100 million into a campaign designed to block the measure. The funding supports initiatives aimed at nullifying Proposition 40, a proposal intended to tax billionaire assets to fund healthcare and education.
DefiLlama founder says Apple only acted after fake app drained funds
Months of reporting trademark violations and impersonation to Apple yielded no results for the DefiLlama team. It was only after the developers downloaded a fraudulent app, loaded it with funds, and watched the software drain their own crypto wallet that the tech giant finally removed the malicious listing from its store.
Ripple CEO Brad Garlinghouse to Address Financial Infrastructure in Wyoming
As the debate over digital asset regulation intensifies, Ripple CEO Brad Garlinghouse is set to take the stage at the Wyoming Blockchain Symposium on August 18. His appearance at the invitation-only event in Jackson Hole comes amid a heavy lineup of U.S. policymakers and financial industry leaders.
Binance Expands Ripple USD Rewards with 1M XRP Campaign
Binance has launched a second consecutive promotional push for Ripple USD, pledging a total pool of one million XRP to participants through September 11. The campaign, which follows a previous month-long incentive program, aims to deepen liquidity for the stablecoin by rewarding users who maintain specific holdings and trading activity.
Former Ripple Staffer Teases RLUSD-Backed Startup
“We will make RLUSD great again,” declared former Ripple developer growth staffer Bias Goose, signaling the imminent arrival of a new XRP Ledger startup. While the project promises to integrate Ripple’s stablecoin as a primary financial rail, it remains shrouded in mystery regarding its partners, revenue model, and specific operational structure.
Cardano roadmap targets 2026 for Dijkstra and 2027 for Peras
Cardano developers are adhering to a disciplined timeline for the upcoming Dijkstra upgrade, positioning the network for a two-phase rollout that begins with Linear Leios and Nested Transactions by the end of 2026, followed by the activation of the Ouroboros Peras consensus layer in the second quarter of 2027.
Harvard Management Company pauses Bitcoin ETF sell-off
Harvard Management Company held its position in BlackRock’s iShares Bitcoin Trust steady throughout the second quarter, signaling a cooling in the endowment's recent divestment trend. SEC filings confirm the university maintained 3,044,612 shares, ending two consecutive quarters of aggressive trimming that had previously reduced its exposure by over 60 percent.
Payward reports revenue growth as trading volume and margins retreat
A 17% rise in quarterly revenue has not insulated Payward from tightening margins, as the Kraken parent company reported adjusted EBITDA of just $23 million for the second quarter of 2026. The result marks a sharp decline from the $80 million in adjusted earnings recorded during the same period last year.