Finance and Business News page 33

Wealth manager questions Bitcoin's real-world utility and points to gold and an emerging AI shift instead. Ross Gerber, a prominent wealth manager, has raised fresh doubts about Bitcoin's role as a practical financial asset. He argued that gold is easier to use than Bitcoin in real-world transactions, according to a report from U.Today.

Thielen argues the math behind a seven-figure Bitcoin price within four years does not add up. Crypto analyst Markus Thielen has rejected the popular forecast that Bitcoin will hit $1 million by 2030. He described the target as mathematically impossible, according to a report from Cointelegraph.

The lawsuit adds Wisconsin to a growing list of states challenging event-contract platforms that let users trade on sports outcomes. Novig, a company that operates a prediction market offering contracts tied to sports outcomes, has sued Wisconsin's attorney general.

Overnight, the most corroborated development was Europe locking out 1,700 platforms, while the loudest trading-floor stories still rest on two outlets each. Overnight, the most corroborated development was Europe locking out 1,700 platforms, while the loudest trading-floor stories still rest on two outlets each.

Two outlets frame the coming days as a potential turning point for the two largest crypto assets by attention. Two financial news outlets, BeInCrypto and Yahoo Finance, each published articles on August 16 framing the current week as potentially the most important stretch of August for Bitcoin and XRP.

A small wager on a meme coin allegedly ballooned into a six-figure sum within a single trading session, reviving debate over risk and reward in speculative crypto markets. A trader has reportedly turned a $120 investment into more than $200,000 within hours, according to reports from Finbold and BeInCrypto.

Rising sovereign borrowing costs worldwide put Bitcoin in a macro environment it has never previously encountered. Bitcoin has spent its entire existence operating against a backdrop of historically low or falling government bond yields. That backdrop has now shifted.

The agency canceled a planned meeting on digital asset policy without prior warning, according to crypto.news and CoinDesk. The Securities and Exchange Commission scrapped a planned vote tied to crypto policy this week, according to reporting from crypto.news and CoinDesk.

Reports point to a widening gap between token prices and crypto-linked equities as traders reassess what actually drives value. Crypto investors are rethinking how they judge which projects and companies deserve capital. According to CoinDesk, the emphasis is shifting away from market-cap rankings and toward fundamentals such as revenue, usage, and business performance.

Enforcement of Europe's crypto rulebook has displaced roughly 10 million users, opening the door to fraud targeting the confused. The European Union's Markets in Crypto-Assets regulation, known as MiCA, was designed to bring order to a fragmented crypto market. Its enforcement phase is now producing an unintended side effect.

Coinfomania and CryptoBriefing both cite Token Terminal for BNB Chain's recent tokenized-asset market cap growth, but give different dollar figures for the same rough period. Coinfomania and CryptoBriefing both cite Token Terminal for BNB Chain's recent tokenized-asset market cap growth, but give different dollar figures for the same rough period.

CryptoBriefing and Coinfomania report a breach affecting roughly 200,000 Bits of Gold customers, but crypto.news says the company has over 300,000 customers and has not confirmed the 200,000 figure. CryptoBriefing and Coinfomania report a breach affecting roughly 200,000 Bits of Gold customers, but crypto.news says the company has over 300,000 customers and has not confirmed…

Anticipation builds around a scheduled appearance that could shape sentiment for XRP holders and the wider Ripple ecosystem. Ripple's chief executive is scheduled to make a public appearance in Wyoming this week, according to reports from U.Today and crypto.news. The state has become a notable hub for digital asset policy discussions in the United States.

State-run tanker operator restarts crude exports from Iran's main terminal, according to a report from CryptoBriefing. The National Iranian Tanker Company, Iran's state-owned shipping operator, has resumed loading supertankers at Kharg Island, according to a report from CryptoBriefing published on August 14, 2026.

A former Ripple staffer has hinted at a stealth project aiming to boost adoption of the RLUSD stablecoin on the XRP Ledger. A former Ripple engineer has publicly teased a new venture built on the XRP Ledger, according to reports from U.Today and crypto.news.

Brandt's blunt remark comes as XRP price recovers above the $1 mark. Peter Brandt, a trader known for decades of commentary on commodities and crypto markets, dismissed interest in XRP with a pointed question. U.Today reported his remark, "Who cares about XRP?", circulated among traders on August 16.

Large-holder inflows to the exchange have slid to levels last seen in 2021, even as institutional interest in XRP-linked funds grows. Large XRP holders are sending far fewer tokens to Binance than they were earlier in 2025. CoinTurk News reports whale inflows to the exchange have dropped 87% from their peak this year.

The exchange has set a deadline to cut off transfers with a group of unnamed platforms, according to a report from CryptoBriefing. Binance intends to cut off transaction processing with 11 crypto platforms beginning August 23, according to a report published by CryptoBriefing.