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BC Card completes South Korea’s first stablecoin payment proof of concept with Coinbase South Korean card company BC Card said it has completed a proof of concept with Coinbase and institutional digital-asset technology firm Wavebridge linking overseas digital-asset wallets with South Korea’s card payment network, The Fair reported. The three-month pilot, which began in April, tested a scenario in which foreign visitors made payments at domestic BC QR merchants using USDC held in Coinbase’s "Base" wallet, without going through a separate currency exchange process.

Alameda Research unstaked 201,740 SOL for the first time in five years and transferred 201,780 SOL to a BitGo custody wallet, Onchain Lens reported. The transfer is estimated to be part of a plan to sell the tokens over the counter through BitGo.

On-chain analyst ZachXBT has identified Tiffany Milanovich as the person behind at least $5 million in cryptocurrency thefts carried out by impersonating customer support staff at hardware wallet providers and centralized exchanges, CryptoPotato reported. Milanovich was known to have sent phishing emails under the alias "Patricia Massie" in June, stealing a Trezor wallet and taking $1.2 million worth of BTC and ETH. In October 2025, Milanovich also gained access to a Coinbase account and obtained about $500,000 worth of Bitcoin. After withdrawing victims' funds, Milanovich allegedly left call recordings mocking victims and flaunted the crimes through gambling, luxury purchases, and balance screenshots posted on Telegram and Discord. Milanovich was also found to have continued the activity despite already being subject to a search warrant in Connecticut.

The U.S. Commodity Futures Trading Commission has ordered prediction market platform Kalshi to keep operating in New York in response to a lawsuit by New York state prosecutors seeking to halt its business there, CoinDesk reported. After New York Attorney General Letitia James sued Kalshi, the CFTC exercised emergency authority and directed the company to continue providing trading services in the state. CFTC Commissioner Mike Selig made clear the agency’s position that prediction markets are financial derivatives subject to federal law and that state gambling laws cannot regulate federally supervised futures exchanges. New York state previously filed suit in late July, arguing Kalshi’s sports-related prediction markets amounted to an unlicensed illegal gambling platform and seeking a service suspension and disgorgement of profits. Kalshi’s annualized revenue has also topped $4 billion.

An Ethereum genesis wallet holding 2,680 ETH, worth about $5.05 million, has become active for the first time in more than 11 years with a 0.001 ETH transfer, according to Onchain Lens. The holdings were worth just $830 in 2015, implying an unrealized gain of 608,000%.

Stablecoin card spending topped $1B in July, a record high Stablecoin card spending hit a record $1.04 billion in July, according to PaymentsScan.

Nasdaq-listed Bitcoin holder Empery Digital (EMPD) sold 1,635 BTC to raise funds for debt repayment and investment in a new data center, Bitcoin.com reported. The company sold the Bitcoin between July 1 and Aug. 6, raising a total of $102.2 million in cash. Its total holdings fell to 1,279 BTC. Of those holdings, 954 BTC is pledged as collateral for a $35 million loan, leaving the company with only 325 BTC that it can freely dispose of.

Polymarket is reshaping its internal team ahead of the NFL season and the U.S. midterm elections, CNBC reported. According to the report, Polymarket has hired Bird founder Travis VanderZanden as chief growth officer, or CGO, and VanderZanden will also oversee marketing. The move follows a Wall Street Journal report that Polymarket paid creators to post fake betting videos, after which the U.S. Commodity Futures Trading Commission opened an investigation. Separately, former Robinhood executive Megan McGrath joined the compliance team as chief compliance officer, or CCO, of Polymarket’s U.S. exchange, while former Coinbase executive Natalie Oblazny will lead regulatory affairs for the U.S. platform.

The three major U.S. stock indices closed lower today. - S&P 500: -0.32% - Nasdaq: -0.60% - Dow Jones: -0.34%

Brazil’s largest bank, Itau Unibanco, announced a partnership with crypto infrastructure provider OpenAssets for a tokenization pilot overseen by the Brazilian Financial and Capital Markets Association, or ANBIMA. The project is a pilot program to issue, trade and settle bonds and investment funds using distributed ledger technology, CoinDesk reported. Banks and asset managers plan to review the regulatory and technical standards needed to use such systems.

ENS governance approves proposal to formalize foundation as operating body ENS governance has approved a proposal to convert the foundation into a formal operating organization, The Block reported. The proposal passed with about 70% support. Under the plan, the ENS Foundation will become a formal organization with full-time executives, permanent staff and a five-member board, while gaining administrative control over about $65 million. The overhaul is aimed at building an organizational base capable of operating within formal institutional frameworks, including working officially with bodies such as ICANN and protecting trademarks. The foundation said a DAO alone lacks the legal and operational capacity to represent infrastructure and operate across multiple areas.

Flowdesk secures broker-dealer license in Dubai Flowdesk has obtained a full license from Dubai’s Virtual Assets Regulatory Authority (VARA) to provide broker-dealer services, Cointelegraph reported. The license allows Flowdesk to offer regulated broker-dealer services to qualified and institutional investors in and outside Dubai.

The U.S. Commodity Futures Trading Commission is prepared to move ahead with its own cryptocurrency regulatory efforts even if the CLARITY market structure bill does not pass Congress, Watcher.Guru reported.

Institutional investors and other professional traders are accumulating ETH ahead of the U.S. consumer price index release today, with spot buying running at 7.2 times the usual pace, according to a Nansen analysis. At the same time, professional traders remain net short in BTC and ETH derivatives as they stay cautious about inflation and the possibility of interest-rate hikes.

Prediction market platform Kalshi has joined The Digital Chamber, one of the leading U.S. crypto industry groups, The Block reported. Cody Carbone, CEO of The Digital Chamber, said the group shares goals with Kalshi including stronger consumer protection, reasonable regulation, and reinforcing U.S. leadership in prediction markets, and added it will work with Kalshi to advocate for the fast-growing industry.

Bitcoin selling pressure is gradually easing, but it has not yet reached levels seen in past bear-market bottoms, according to a Glassnode analysis. Looking at the 30-day seller exhaustion indicator, Glassnode said a signal historically associated with market bottoms has not yet appeared and added that further easing in selling pressure still needs to be monitored.

TD Cowen said a U.S. SEC public meeting scheduled for Aug. 14 could mark a major turning point in crypto regulation, The Block reported. The investment bank said the proposal under SEC review may include a separate regulatory framework allowing crypto projects to legally issue and sell tokens. It added that a safe harbor program exempting early-stage token sales from securities registration requirements for a set period could be introduced first.

Aster said on X it has launched AOS-2, expanding its open listing framework from spot trading to perpetual futures. To apply for a listing, applicants must stake 1 million ASTER for four years, with no early withdrawals allowed. Once approved through an on-chain validator vote, Aster sets the market’s risk parameters and moves to list it within one day of approval. The application and voting rules are operated publicly, and Aster plans to launch AOS-3 in the future.

eToro has agreed to acquire online brokerage TradeZero for up to $231 million as it looks to expand its U.S. business, Decrypt reported. The deal will be paid in cash and up to 2.5 million newly issued eToro shares, with the transaction expected to close in the first half of 2027. TradeZero offers U.S. stock and options trading services and operates in the United States and Canada, among other markets. Through the acquisition, eToro plans to secure broker-dealer infrastructure in the United States and speed up new product launches. Separately, eToro posted a $7.2 million loss in its cryptocurrency trading segment in the second quarter, reversing from a $37.7 million profit a year earlier. Crypto-related revenue fell 29% to $1.35 billion from $1.91 billion a year earlier, while its July crypto trading volume dropped 73% from the same period last year.

10x Research said in a report Bitcoin may be decoupling from its correlation with the S&P 500, adding that if the Federal Reserve cuts interest rates in September due to weak summer employment data, Bitcoin and gold would be major beneficiaries.

Bitcoin skeptic Peter Schiff reiterated that BTC is not a monetary metal like gold or silver, but a highly speculative digital token, Cointelegraph reported.

Strategy CEO Phong Le says company plans to keep adding BTC this year Strategy CEO Phong Le said in an interview with Fox News that the company plans to continue increasing its BTC holdings this year. Le added, "about 7 weeks" after pausing purchases, the company plans to resume buying Bitcoin later this year.

Grayscale said in a report that AI adoption could increase demand for public blockchains through agent-based finance, verifiable records, and decentralized AI alternatives.

XRP falls back below $1 XRP has slipped below the $1 mark amid a downtrend, with the token trading at $0.9954, down 3.1%, according to CoinNess market monitoring and CoinMarketCap data.

Crypto-friendly Erebor Bank is in late-stage talks to raise about $1.5 billion at a $9.5 billion valuation, the Financial Times reported. The investment is expected to include Lux Capital, Human Capital and Andreessen Horowitz, also known as a16z. Erebor provides deposit, lending, stablecoin, treasury management and payment services.