Finance and Business News page 16

The exchange joins a growing field of firms racing to bring equities onto public blockchains. Coinbase has begun offering tokenized versions of stocks on Base, according to reports from CryptoBriefing and CoinDesk. Base is the layer-2 network built by Coinbase on top of Ethereum, designed to lower transaction costs and speed up settlement.

A sharp short squeeze pushed Bitcoin near $79K, but traders warn the rally lacks the spot demand needed to clear $80K. Bitcoin's latest rally has run into resistance just below the $80,000 mark, leaving traders debating whether the move can extend or will fade.

The crypto advocacy group widens its political footprint as digital asset policy heads into a pivotal election cycle Stand With Crypto has announced endorsements for 32 candidates seeking House seats in the 2026 midterm elections. The group framed the move as part of a broader push to influence federal crypto policy through direct political engagement.

The currency's slide comes as Washington signals fresh sanctions pressure on Tehran. Iran's national currency, the rial, has hit its lowest recorded level against the US dollar. The slide was reported separately by CryptoBriefing and Daily Sabah Business on August 24. Both outlets tied the depreciation to expectations of new sanctions from Washington.

Industry organizations back a lawsuit challenging a new state levy on digital asset transactions Crypto advocacy organizations have formally joined a lawsuit opposing Illinois' new 0.2% tax on digital asset transactions. The move signals that industry groups view the levy as a legal and financial threat worth fighting in court, according to reports from BlockchainReporter…

A strong run in spot ETF demand has lifted Bitcoin sharply, though readers surveyed by Cryptopolitan remain split on whether $100,000 is next Bitcoin has staged one of its most significant weekly rallies in years. Cryptopolitan reports the cryptocurrency posted its best week since March 2023.

Traders are watching whether Bitcoin can push through the $80,000 level as reports frame the threshold as a key test for the week. Bitcoin's price action is once again drawing scrutiny as analysts weigh whether the asset can push through the $80,000 threshold this week.

US spot Bitcoin funds posted their strongest weekly haul in roughly ten months as prices climbed. US spot Bitcoin exchange-traded funds recorded $1.918 billion in net inflows over the past week. That is the largest weekly total the products have seen in close to ten months, according to Coinfomania, Cryptopolitan and Yahoo Finance.

Analysts say the chipmaker's results could set the tone for risk assets tied to the AI narrative, including crypto. Nvidia's upcoming earnings report has become a focal point for investors watching the health of the artificial intelligence trade.

The token's record run has drawn fresh scrutiny of its tokenomics amid a broader push toward institutional crypto infrastructure. WBT, the native token of the Whitechain network, reached a new all-time high this week. The move comes as the broader W Group ecosystem continues to expand its infrastructure and platform offerings.

The group is pressing US regulators to build a shared framework for perpetual futures tied to stocks. The Hyperliquid Policy Center has urged the SEC and CFTC to work together on a regulatory framework for equity perpetual futures.

Crude markets edge lower while traders wait for details on fresh Washington sanctions targeting Tehran. Oil prices slipped in recent trading as markets absorbed reports that the United States is preparing new economic pressure on Iran.

Research from the Federal Reserve links rising bitcoin prices to a broader wave of first-time crypto investors. The Federal Reserve has produced experimental research showing that bitcoin price increases attract new participants into the cryptocurrency market. The findings were reported by CoinDesk and CryptoSlate on August 24, 2026.

A report says the exchange's leader is offering cooperation in a fraud case tied to alleged political connections. The leader of Zondacrypto, a cryptocurrency exchange, is reportedly negotiating for reduced legal exposure in exchange for cooperation with authorities. The reported deal centers on testimony connected to a fraud case and alleged political ties.

Reports differ on whether a Treasury buyback triggered the rally or broader market attention drove the move. Bitcoin traded back above $79,000 on August 24, marking a notable recovery for the largest cryptocurrency by market value. The move drew attention from multiple corners of the crypto press, though the reported causes varied.

The Ethereum treasury company added to its holdings in its biggest single-week purchase in roughly seven weeks. Bitmine, the Ethereum-focused treasury company associated with Fundstrat co-founder Tom Lee, purchased approximately $81 million worth of ETH over the past week.

One market analyst projects sharp upside for Coinbase shares despite months of volatile trading in 2026. Coinbase's stock has moved unevenly through 2026, mirroring swings across the wider cryptocurrency market. Shares of the exchange have alternated between rallies and pullbacks, leaving the stock without a clear directional trend for much of the year.

The company's latest purchase puts it at roughly 97% of its previously announced Ethereum accumulation goal. BitMine's Ethereum holdings have reached approximately 5.85 million ETH, according to figures reported this week. The latest addition to its treasury brings the firm within striking distance of a self-stated accumulation target.