Finance and Business News page 30

LINK's price consolidates below key resistance while reported ETF demand raises questions about a move toward $10. Chainlink's native token, LINK, is trading near $9.56, according to reports covering the asset's recent price action.

Bitcoin posted gains while the S&P 500 fell, though sources differ slightly on the exact size of the move. Bitcoin moved higher on August 18 even as the S&P 500 slipped, a pattern that breaks from the tighter correlation the two assets have shown in recent years.

The crypto trade group says removing the rules would clear the way for tokenized markets to develop within existing regulatory structure. The Blockchain Association, a trade group representing major players in the digital asset industry, has called on the Securities and Exchange Commission to drop two trading rules under the National Market System framework.

The Trump family-linked crypto venture, holding assets above $1.4 billion, faces new questions over its association with a platform tied to Chinese AI systems. World Liberty Financial, the decentralized finance venture associated with the Trump family, is reportedly expanding its links to Chinese AI models through a platform identified as WorldClaw.

Regulators cite illegal gambling risk as the trigger for the move against the crypto-based platform. South Korean regulators have ordered a block on Polymarket, according to reports from crypto.news and Cointelegraph. The action stems from concerns that the platform's betting-style markets amount to illegal gambling under local law.

The crypto exchange now lets EEA-based users trade US-listed equities alongside digital assets. Kraken announced on August 18 that customers in the European Economic Area can now trade US-listed stocks through its platform. The exchange confirmed the rollout in its own blog post, and The Block reported the same development.

Total value locked on Robinhood's blockchain network climbed sharply even as the broader tokenized real-world asset sector cooled Robinhood Chain's total value locked climbed 45% in August, according to reporting from The Block and Coincu. The increase stands out against a broader slowdown in tokenized real-world asset activity during the same period.

Tokenized treasuries, credit, and other real-world assets are drawing rising deposits into decentralized finance protocols. Deposits linked to real-world assets held within decentralized finance protocols have reached nearly $4 billion. That total represents roughly a sixfold jump compared to the same period last year.

The move is tied to concerns over crypto's use in evading Russia sanctions European Union regulators now have authority to block crypto platforms operating from outside the bloc, according to reports from Bitcoin.com News and crypto.news. The change gives national and EU-level authorities new tools to restrict access to non-EU trading venues.

Analysts warn the breakdown may deepen before XRP finds stable footing again XRP has broken below the $1 level, a threshold traders and analysts often treat as a psychological floor for the token. The move comes despite Ripple's continued effort to broaden its presence in traditional banking, a disconnect that has drawn attention from market…

Three outlets agree EURC passed €400M in circulation around August 2026, but they give sharply different figures for how fast that supply grew over the past year. Three outlets agree EURC passed €400M in circulation around August 2026, but they give sharply different figures for how fast that supply grew over the past year.

A new cross-border remittance partnership failed to lift XRP's price as broader market pressure took hold. XRP traded below $1 this week, even as a South Korean regional bank confirmed it would use Ripple Payments for cross-border transfers.

Russia's largest stock exchange plans to introduce crypto-linked perpetual futures contracts next month. Moscow Exchange is preparing to launch perpetual futures contracts tied to Bitcoin and Ethereum, according to reports from Cryptopolitan and CryptoBriefing. The exchange is Russia's largest and most influential stock market operator.

The research firm points to $83,200 and $44,800 as possible outcomes of a long-awaited volatility shift. Fundstrat has flagged Bitcoin as overdue for a significant price swing, according to reports from CryptoBriefing and BeInCrypto. The research firm's analysis suggests a move of roughly 30% could be approaching, though it did not specify a timeline.

The suspect appeared in court after being deported from Fiji to face 25 charges tied to the alleged fraud. Edward Zimbardi is scheduled to face a US court today over an alleged $165 million crypto Ponzi scheme, according to reporting from CryptoBriefing.

Reports diverge on whether Kbank or Jeonbuk Bank is driving Ripple's latest push into South Korea's banking sector Ripple has struck a new payments deal with a South Korean bank, according to reports published this week. The agreement marks one of Ripple’s first confirmed partnerships with a regional Korean lender for cross-border transfers.

The central bank has set a ceiling on how much digital assets can count toward exchange capital requirements. The Bank of Russia has introduced a rule capping cryptocurrency at 25% of the capital that exchanges and market brokers can count for regulatory purposes.

A $35 million prediction market book shows traders leaning toward the Federal Reserve holding or raising rates rather than cutting them next month. A prediction market covering the Federal Reserve's September policy decision has drawn attention for an unusual set of odds.