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Thailand Drafts Rules for Bitcoin and Ether ETFs
Thailand’s Securities and Exchange Commission has moved to formalize its crypto investment landscape, unveiling draft regulations for locally listed spot Bitcoin and Ether exchange-traded funds. The proposal mandates that these funds maintain an 80% minimum exposure to their underlying digital assets while prioritizing domestic custody solutions for investor protection.
USDC Dominates Autonomous AI Payments via x402 Protocol
Nearly every payment processed through the x402 agent-payment protocol now moves through USDC, according to Circle’s latest quarterly data. As autonomous AI agents proliferate, the stablecoin has emerged as the preferred unit of account for machine-to-machine transactions, accounting for 99.3% of volume within the specific x402 ecosystem.
Visa and Nium Launch Stablecoin Settlement Pilot in Singapore
Visa has joined the Monetary Authority of Singapore’s BLOOM initiative, tapping cross-border payments provider Nium to test stablecoin settlement. The project aims to bridge the gap between traditional finance and blockchain by enabling seven-day settlement cycles for U.S. dollar and euro-backed stablecoins, bypassing the limitations of standard banking hours.
Most Stolen Coldcard Bitcoin Remains Untouched After $114M Exploit
More than 87% of the Bitcoin drained in the Coldcard wallet exploit remains stagnant, with 1,561 BTC sitting in attacker-controlled wallets. While researchers have traced 1,789 BTC to the breach, the lack of movement on the majority of funds provides an ongoing trail for law enforcement and compliance monitoring.
Troy Jackson Blasts JD Vance Over Dismissive Remarks on ICE Killing
Democratic U.S. Senate candidate Troy Jackson publicly condemned Vice President JD Vance on Monday, labeling him a "dirtbag" for urging Mainers to maintain perspective following the fatal shooting of 25-year-old Johan Sebastián Durán Guerrero by a federal immigration agent in Biddeford last month.
Monad Proposes Decoupling Wallet Addresses from Authentication Keys
Monad researchers have introduced a protocol upgrade designed to separate a blockchain address from the cryptographic keys that control it, enabling users to rotate credentials, implement social recovery, and adopt quantum-resistant security without the need to migrate assets to a new wallet.
Metaplanet Shifts 1,000 BTC to Coinbase Prime Amid Treasury Scrutiny
Blockchain analytics firm Lookonchain reported that Japanese firm Metaplanet transferred 1,000 Bitcoin, valued at approximately $79.77 million, to Coinbase Prime on August 25. While the movement prompted immediate market speculation regarding a potential sell-off, the transaction remains unconfirmed as a divestment by either the company or the exchange.
Ranjit Khanna Takes Helm at EFG International’s Dubai Advisory Office
Former Bank of Singapore executive Ranjit Khanna assumes the role of CEO at EFG International’s Dubai Advisory Office starting tomorrow. Bringing three decades of international private banking experience to the Zurich-listed firm, Khanna is tasked with accelerating the bank's growth trajectory across the United Arab Emirates.
Stablecoin Card Spending Projects $50B Annual Volume by 2028
Cumulative spending via stablecoin-linked cards has surpassed $10.9 billion, a milestone prompting RedotPay to forecast that annual transaction volumes will quadruple to $50 billion within four years. The surge reflects a shift from experimental niche use toward mainstream adoption for daily financial needs across global markets.
Fortune Protocol Aggregates Polymarket Data into Unified Interface
Fortune Protocol has integrated Polymarket liquidity into its Fortune Markets platform, creating a centralized hub for prediction market participants. By connecting Polymarket alongside the existing Predict.fun integration, the project aims to streamline how traders compare liquidity, volume, and implied probabilities across disparate event-based platforms.
Ethereum Developers Propose Quantum-Resilient Validator Contract
Ethereum researchers have introduced a draft proposal for a flexible validator deposit contract, marking a potential shift away from current BLS signature systems. By enabling variable-length public keys and metadata, the design creates a foundation for future cryptographic upgrades aimed at defending the network against potential quantum computing threats.
Binance Expands TradFi Perpetual Portfolio With Five New Listings
Binance Futures launched five USDT-margined perpetual contracts on August 25, offering traders up to 20x leverage on U.S.-listed equities and semiconductor-focused ETFs. The move expands synthetic exposure to assets like Trump Media and Moderna, though the derivatives grant no actual ownership or voting rights in the underlying companies.
Franklin Templeton brings tokenized US government fund to HashKey
Franklin Templeton is expanding its footprint in Asia by listing its tokenized U.S. government money market fund, grBENJI, on the HashKey Exchange. The move grants professional investors in Hong Kong direct access to the fund through HashKey’s regulated Earn channel, leveraging blockchain infrastructure to manage U.S. government debt and cash assets.
Gemini Opens XRP Ledger Transfers for Singapore Users
Singapore-based Gemini customers can now move XRP directly via the XRP Ledger for deposits and withdrawals, moving beyond the exchange's closed-loop custody system. Co-founder Tyler Winklevoss confirmed the rollout on August 25, marking a strategic deepening of the platform's utility within one of its primary global markets.
Las Vegas businessman convicted in $24 million crypto Ponzi scheme
A federal jury has found Las Vegas entrepreneur Brent Kovar guilty of orchestrating a $24 million fraud, concluding a nine-day trial that exposed a web of fabricated cryptocurrency mining claims. Prosecutors successfully argued that Kovar used new investor funds to bankroll his personal lifestyle and pay off earlier participants.
U.S. Widens Iran Sanctions Net to Target Crypto Brokers
The U.S. Treasury Department has expanded its sanctions authority to encompass Iran’s entire digital asset sector, aiming to close loopholes that allow the regime to bypass global banking restrictions. The move grants officials the power to penalize any foreign entity or individual facilitating crypto transactions linked to Iranian interests.
India to Trial Tokenized Corporate Bonds via Digital Rupee
India is set to pilot its first tokenized corporate bond issuance next month, utilizing the state-owned financier REC to test blockchain-based settlement. The initiative, involving the Reserve Bank of India and market regulators, aims to determine if distributed ledger technology can replace traditional, slower electronic book-building systems for debt.
Block Bits Capital founder convicted in $1M crypto scheme
Japheth Dillman, co-founder of the investment firm Block Bits Capital, has been found guilty of wire fraud and conspiracy by a federal jury in San Francisco. Prosecutors proved that Dillman swindled more than 20 investors out of nearly $1 million by selling them on a non-existent automated trading tool.
Protesters target Ripple co-founder over police surveillance funding
Demonstrators gathered outside the San Francisco home of Ripple executive chairman Chris Larsen on August 21, challenging his financial backing of police surveillance technology. The protest, organized by the Sunrise Movement, marks a growing push to redirect public safety spending away from private-sector camera networks and toward social services.
BNB Chain Activates Pasteur Upgrade to Tighten Bridge Security
At 02:30 UTC on August 25, the BNB Smart Chain mainnet successfully executed the Pasteur hard fork. The upgrade introduces a suite of technical refinements aimed at closing security gaps in cross-chain bridge verification, validator key management, and block construction efficiency without altering the network's 450-millisecond block interval.
CFTC Enters Criminal Case Against Soldier in Polymarket Insider Probe
A federal judge has granted the Commodity Futures Trading Commission permission to file an amicus brief in the criminal prosecution of U.S. Army soldier Gannon Ken Van Dyke. The regulator seeks to argue that specific geopolitical prediction contracts qualify as swaps, a move the defense characterizes as regulatory overreach.
Standard Chartered Becomes First Bank to Distribute HKDAP Stablecoin
Standard Chartered Bank Hong Kong has officially become the first traditional financial institution to distribute HKDAP, the city's inaugural regulated local-currency stablecoin. The move marks a significant shift in institutional finance, granting eligible corporate clients and professional investors direct access to the asset on the Ethereum blockchain.
Levitt Capital Management Establishes Manhattan Presence
Amid the growing demand for specialized cross-border financial services, Nice-based Levitt Capital Management has officially opened its first New York office. Located in Rockefeller Center, the expansion provides a dedicated hub for the firm to coordinate with its growing roster of US citizens living and working across Europe.
Blockchain Association seeks P2P exemption in stablecoin ID rules
The Blockchain Association is pushing five federal agencies to clarify that customer identification requirements under the GENIUS Act apply strictly to direct issuer relationships. The group argues that extending these bank-style verification mandates to independent, downstream peer-to-peer stablecoin transactions would be both impractical and outside the intended regulatory scope.
Arthur Hayes bets on Bitcoin bull run as Treasury expands buybacks
BitMEX co-founder Arthur Hayes declared the start of a new Bitcoin bull market, pointing to the U.S. Treasury’s decision to double its long-end bond buyback caps. As Bitcoin surged past $80,000, Hayes argued that the liquidity-support measures effectively act as a catalyst for risk assets, despite Treasury officials framing them as debt management.
Cosmos EVM Chains Halt Operations Following Security Breach
Cosmos Labs urged operators of Cosmos EVM-based chains to pause block production on August 25 after a series of exploits targeted the shared software stack. The emergency measure aims to prevent further unauthorized asset movement while engineering teams scramble to isolate a vulnerability currently affecting multiple independent networks.
Supreme Court Clears Path for Trump Mail-In Ballot Restrictions
The U.S. Supreme Court on Monday removed a significant legal hurdle for the Trump administration’s new mail-in voting restrictions, opting to stay a lower court injunction without ruling on the policy's constitutionality. The 6-3 decision allows the federal government to move forward with election procedural changes just weeks before the 2026 midterms.
Sudan Crisis Deepens as UN Officials Decry Global Inaction
More than two-thirds of Sudan’s population now requires urgent lifesaving assistance, yet the international community remains stalled. Addressing the UN Security Council on Monday, humanitarian chief Tom Fletcher warned that the country suffers not from a lack of data, but from a profound, paralyzing absence of political will.
Advocacy Group Calls for Third Impeachment of President Trump
The pro-democracy organization Free Speech for People is calling for a new impeachment investigation into President Donald Trump, citing what it describes as a systematic pattern of ignoring judicial orders and undermining the constitutional checks and balances intended to restrain executive authority.
Al Green Files Impeachment Articles Over ICE and CBP Conduct
Texas Democrat Al Green introduced new articles of impeachment against President Donald Trump on Monday, accusing the administration of weaponizing federal immigration agencies. Green’s resolution characterizes Immigration and Customs Enforcement and Customs and Border Protection as unaccountable paramilitary forces responsible for the unjustified killings of civilians.