Ripple, Scams, and Tether: A Wilde Week!

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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. 🇸🇬

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2025-08-24 23:14