Finance and Business News page 38

The costly, years-long legal fight is reshaping how Washington lawmakers approach digital asset rules. Ripple's protracted legal fight with the U.S. Securities and Exchange Commission has produced a costly outcome that is now shaping policy discussions in Washington.

The payment gateway now processes USDC transactions on Solana, aiming to tap a stablecoin market reported at $6.7 billion Finassets, a crypto payment gateway provider, has enabled USDC payment support on the Solana blockchain, according to reports from CryptoPotato and The Cryptonomist. The update lets merchants and users route USDC transactions through Solana's network infrastructure.

The transfer comes as Bitcoin trades above $75,000, drawing renewed attention to the kingdom's sovereign holdings. Bhutan's government transferred 490 BTC, worth approximately $32.7 million at current prices, to new wallet addresses, according to reports from crypto.news and CoinGape.

Proposed changes would give the Financial Intelligence Unit new authority to investigate crypto businesses operating outside the country's registration system South Korean lawmakers are advancing a proposal to expand the Financial Intelligence Unit's power over crypto businesses that operate without registration, according to reports from Cointelegraph, CoinTurk News EN, and crypto.news.

The abrupt move extended a broader crypto rally that gained momentum during Asian market hours. Bitcoin climbed above $75,000 in an abrupt move during Asian trading hours, according to reports tracking the market as it happened. The surge was described as sudden, arriving without a single obvious trigger cited by the outlets covering it live.

A public disagreement in Washington DC highlights deepening rivalry over who should regulate event contracts. Executives from CME Group and Kalshi clashed publicly in Washington DC over how prediction markets should be regulated, according to reports from Decrypt and Crypto News Australia.

MANTRA Chain suspended operations following a reported exploit, sending OM to an all-time low amid a surge in trading volume. MANTRA’s OM token sank 18% within hours, hitting an all-time low, after the project’s blockchain halted operations.

Changpeng Zhao says tokenizing assets could help countries compete for foreign direct investment, though he flags a catch to the strategy. Changpeng Zhao, the founder of Binance and one of the most recognized figures in crypto, is pushing a new pitch to governments.

The move signals a shift in long-term trend structure after months of trading below the closely watched technical level. Bitcoin has pushed back above its 200-day moving average for the first time since November, according to reports from Cointelegraph and BitKE.

The layer-1 blockchain suspended all activity while it investigates the nature of the disruption. MANTRA Chain has halted its network operations and frozen all transactions, according to reports published on August 21. The blockchain project has not disclosed the nature of the incident that triggered the shutdown.

Chairman Selig orders a regulatory backup plan as Congress weighs digital asset market structure legislation CFTC Chairman Selig has instructed staff to prepare crypto regulations that the agency could issue on its own. The directive would apply if the Clarity Act does not advance through Congress.

CryptoBriefing and Coinfomania both report T. Rowe Price's acquisition of F/m Investments but cite conflicting figures for F/m's assets under management. CryptoBriefing and Coinfomania both report T. Rowe Price's acquisition of F/m Investments but cite conflicting figures for F/m's assets under management. What all sources agree on T. Rowe Price is acquiring F/M Investments.

The exchange chief pushed back publicly on regulatory approach to fast-growing event contracts Terry Duffy, the chief executive of CME Group, publicly clashed with CFTC Chair Selig over the regulation of prediction markets, according to BeInCrypto.

A court has ruled partly in favor of the TRON founder in his dispute with the Trump family-linked decentralized finance venture. Justin Sun, founder of the TRON blockchain, has won a partial court victory in a lawsuit connected to World Liberty Financial.

The agency is said to be drafting a regulatory framework as a fallback if the CLARITY Act stalls on Capitol Hill The Commodity Futures Trading Commission is reportedly moving to establish crypto market rules independent of legislative action, according to reports published this week.

A 12% two-day surge pushed Bitcoin to $72,000, though overbought indicators suggest the advance may pause. Bitcoin's price reached $72,000 this week, marking a notable rebound after a period of consolidation. The move came quickly.

The derivatives regulator opens a public comment period on a rule change affecting how certain swaps are executed on registered platforms. The Commodity Futures Trading Commission has opened a public comment period on a proposal to remove the order book requirement for certain swap transactions.

U.S. authorities allege the group ran a broad cyber operation that included ransom payments demanded in bitcoin. U.S. authorities have charged a group of Iranian hackers accused of running an extensive cyber campaign that included a $6 million bitcoin extortion scheme.