Finance and Business News page 45

State authorities are examining whether a data exposure tied to the Hugging Face platform implicates OpenAI's security practices. Alabama's state government has launched a probe into OpenAI, according to reporting from Daily Sabah Business.

Washington widens its sanctions net after accusing a broker network of using digital assets to move oil proceeds for Iran. U.S. regulators have broadened sanctions tied to an alleged scheme that used cryptocurrency to settle more than $100 million in Iranian oil payments.

Prosecutors allege the scheme used digital asset investments to defraud victims out of tens of millions of dollars. A business owner based in Las Vegas is facing a potential maximum sentence of 280 years in prison. The case centers on an alleged cryptocurrency Ponzi scheme that prosecutors say defrauded investors of roughly $24 million.

The asset manager's OnChain US Government Liquidity Fund will become available through HashKey Exchange as tokenized finance expands in the region. Franklin Templeton has agreed to work with HashKey Exchange to bring a tokenized money market fund to investors in Asia.

The exchange now allows XRPL-based transfers for its Singapore customers, expanding regional access to the token. Gemini has switched on support for XRP deposits and withdrawals using the XRP Ledger, or XRPL, for customers in Singapore.

Blockchain analytics firm traces funds across 30 sanctioned wallets tied to the Iranian entity TRM Labs has traced $16.8 million in cryptocurrency flows connected to the Mabna Institute, an Iranian entity under U.S. sanctions. The firm's research shows the funds moved through addresses dating back to 2018.

The industry group warns that broad identification requirements could otherwise sweep in nearly every stablecoin transaction. The Blockchain Association, a Washington-based crypto industry group, has called for stablecoin identification rules to carve out peer-to-peer transfers. The group argues that requiring identity checks on wallet-to-wallet transactions would extend far beyond the intent of existing anti-money-laundering frameworks.

Bitcoin's rally toward $80,000 has pushed a key momentum indicator into territory traders often treat as a warning sign. Bitcoin's price has surged toward $80,000, extending a rally that has drawn fresh attention from traders and analysts.

Both assets rallied together in August, with sources differing on whether gold's gain marks its best month since 1999 or simply its best in decades. Bitcoin traded above $81,000 this week, extending a rally that has unfolded alongside a historic surge in gold prices.

The crypto trade group says stablecoin-specific rules would fit better than generic bank-style customer checks. The Blockchain Association, a Washington-based trade group representing crypto companies, has called on the U.S. Treasury to write know-your-customer rules tailored to stablecoin issuers. The group argues that generic, bank-modeled KYC standards do not fit how stablecoins actually operate.

A wave of short liquidations and renewed exchange-traded fund demand pushed the largest cryptocurrency to its biggest weekly gain in three years. Bitcoin climbed back above $80,000 on August 24, according to Coinfomania, marking its first close at that level in 113 days.

The bank's move marks a milestone for regulated stablecoin distribution in Hong Kong's financial sector. Standard Chartered has taken on the role of first bank distributor for HKDAP, a stablecoin pegged to the Hong Kong dollar.

Daily trading in the fund reached roughly $100 million to $108 million, with fresh inflows reported near $25 million. Bitwise's Solana staking exchange-traded fund recorded its highest single-day trading volume since launch this week. CryptoBriefing reported the figure at roughly $100 million.

New sanctions campaign hits digital assets, gold, aviation and shipping as Iran promises retaliation Treasury Secretary Scott Bessent announced a broad new sanctions initiative on Monday targeting Iran's use of digital assets and technology. The campaign, named Operation Economic Outcast, expands Washington's economic pressure on Tehran across several sectors at once.

Japheth Dillman faces sentencing after investors lost nearly $1 million in a fake trading bot pitch. Japheth Dillman, the founder of Block Bits, has been convicted on wire fraud charges connected to a crypto trading scheme that collapsed after raising investor money. Reports indicate the scheme cost investors close to $960,000.

The corporate Ethereum holder expanded its treasury by 32,447 ETH during a week that saw the token jump roughly 30%. BitMine Immersion Technologies has expanded its Ethereum holdings by 32,447 ETH, a purchase valued at approximately $81 million, according to figures reported this week.

Treasury-led action extends secondary sanctions pressure on Iran into digital assets, aviation, shipping and gold trade The US Treasury has broadened secondary sanctions against Iran to explicitly reach the crypto sector, according to reports published on August 24, 2026.

Bond traders push up risk pricing on Broadcom debt as the chipmaker backs large-scale AI infrastructure financing. Credit risk measures tied to Broadcom have risen in recent trading sessions, according to reports from Yahoo Finance and CryptoBriefing.