This week in crypto, the market saw a mix of high-profile partnerships, regulatory moves, and massive token acquisitions. 🎩🎩💰
From Ripple and SBI Holdings preparing to bring RLUSD to Japan, to SharpLink Gaming and Strategy making significant Ethereum and Bitcoin buys, digital assets continue to make waves. 🌊💸
Meanwhile, global authorities cracked down on cybercrime, regulators pushed forward with “crypto sprint” initiatives, and political and corporate actors deepened their stake in the space. 🏃♂️📉
Here’s a roundup of the top stories shaping the crypto ecosystem this week. 📰✨
Table of Contents
SBI Holdings welcomes Ripple stablecoin
- Tokyo-based financial services giant SBI Holdings agreed to collaborate with Ripple for introducing RLUSD stablecoin to Japan. 🇯🇵
- The partnership targets the first quarter of 2026 for market launch. 🗓️
Interpol coordinates cybercrime crackdown
- Operation Serengeti 2.0 resulted in over 1,200 arrests across 18 African nations and the United Kingdom. 🕵️♂️
- The operation targeted criminals who victimized 88,000 individuals through various schemes including cryptocurrency fraud. Authorities confiscated more than $97.4 million. 💸
CFTC advances crypto sprint initiative
- The Commodity Futures Trading Commission continues to implement its third phase of accelerated rulemaking efforts based on recommendations from the President’s Working Group on Digital Asset Markets. 🧠
- These “crypto sprint” measures aim to establish clearer regulatory frameworks for digital asset derivatives and trading. 🏁
South Korean officials prepare stablecoin framework
- Senior executives from major Korean financial institutions are scheduled to meet with leadership teams from Tether and Circle Internet Group this week. 🇰🇷
- These discussions precede South Korea’s anticipated October launch of legal frameworks governing stablecoin operations. 📅
DBS Bank tokenizes structured notes on Ethereum
- Singapore’s largest financial institution announced plans to offer tokenized structured notes through partnerships with ADDX, DigiFT, and HydraX platforms. 🏦
- Eligible traders will access these products via cryptocurrency investment platforms and exchanges. 📈
SkyBridge Capital to tokenize $300m in hedge funds
- Anthony Scaramucci’s investment management firm will tokenize $300 million worth of hedge funds on the Avalanche network through partnerships with Tokeny and Apex Group. 📦
- The Digital Macro Master Fund and Legion Strategies will move on-chain through this collaboration with the $3.5 trillion asset manager. 📊
Bo Hines joins Tether
- The former presidential crypto advisor accepted appointment as strategic advisor for digital assets and U.S. strategy at the stablecoin issuer. 🧑💼
- Hines will focus on Tether’s American market entry strategy. 🇺🇸
Thailand delays crypto tourist payment features
- The Bank of Thailand suspended cryptocurrency conversion capabilities in its new Tourist Wallet pending regulatory review through mid-August. 🇹🇭
- The digital payment system currently supports QR-based foreign currency conversions with eight partner countries including Singapore and Malaysia. 🇸🇬
Read More
- Gold Rate Forecast
- Umamusume: All current and upcoming characters
- From Stage to Screen: 20 Singers Who Tried Acting and How They Fared!
- Umamusume: Gold Ship build guide
- Wuchang Fallen Feathers Save File Location on PC
- Prediction: Boeing Won the F-47 Contract — and Maybe F/A-XX as Well
- A Once-in-a-Lifetime Opportunity: This Blue Chip Healthcare Stock Down 50% Could Double Your Money
- Opendoor Technologies Stock Surge: A Financial Observer’s Analysis
- Realty Income vs. Agree Realty: The Net Lease Comedy Show
- When DOGE Barks, the Market Listens: August 22 Predictions 🐶💰
2025-08-24 23:14