Finance and Business News page 57

CoinTurk News EN and CryptoBriefing both report Bitcoin's fall below $60,000 amid ETF outflows and AI-driven equity rotation, but give different figures for the total ETF outflows. CoinTurk News EN and CryptoBriefing both report Bitcoin's fall below $60,000 amid ETF outflows and AI-driven equity rotation, but give different figures for the total ETF outflows.

The initiative signals a fresh push to bring traditional finance players into Compound's lending markets. The Compound Foundation has announced approval of a $52 million program directed at institutional decentralized finance activity. Coinfomania and crypto.news both reported the development, framing it as a new institutional-focused initiative tied to the Compound protocol.

A new swap engine aims to connect Canton's institutional ledger with major public blockchains and Robinhood's in-house chain FalconX has partnered with Interstice to link the Canton Network to three separate blockchain environments. The connections cover Ethereum, Solana and Robinhood Chain, according to reports from Cointelegraph and CryptoBriefing.

A political action committee funded by the two crypto firms spent heavily on a Florida congressional contest while campaign messaging largely avoided digital asset policy. A political action committee funded by Ripple and Coinbase has spent about $2 million on a congressional race in Florida, according to reports from Cointelegraph and CryptoBriefing.

Ripple's chief legal officer says the mid-September date will signal whether the crypto market structure bill can clear the Senate. Ripple's top lawyer has put a specific date on the calendar for anyone tracking crypto's biggest pending piece of legislation.

The agency's plan includes new fundraising exemptions, marking a notable shift in its approach to digital assets. The Securities and Exchange Commission has put forward a proposed rulebook for crypto assets, according to Bitcoin Magazine. The plan arrives as the Clarity Act, legislation designed to settle jurisdictional questions over digital assets, remains stuck in Congress.

A $56 million short squeeze added fuel as Bitcoin tracked a broader recovery in equities tied to easing US-Iran tensions. Bitcoin reached $65,000 on Tuesday, moving in tandem with a rebound in US equities.

The bank's analysts point to sustained demand for AI processors as the driver behind their bullish call. Bank of America has issued a price target of $350 per share for Nvidia, according to a report cited by CryptoBriefing on August 18.

The bank plans to fold digital asset custody into its Custody+ platform, with a rollout targeted later in 2026. Citi is preparing to launch a bitcoin custody service for institutional clients, according to reports published August 18.

The agency's plan arrives as lawmakers remain stalled on broader digital asset legislation. The Securities and Exchange Commission has put forward a new set of proposed rules addressing crypto asset investment contracts. Investing.com Crypto reported the proposal on Monday, framing it as a formal regulatory step for digital asset offerings.

With comprehensive market-structure legislation stuck in the Senate, federal regulators are moving to write their own crypto rules Federal financial regulators under the Trump administration are moving to shape crypto policy through agency action rather than wait for Congress.

Small, traceable transfers tied to the sanctioned platform HTX are reportedly reaching unrelated wallets. An unidentified party has been sending small, traceable amounts of cryptocurrency linked to sanctioned exchange HTX to unrelated wallet addresses, according to a report from Protos.

The asset manager's tracker suggests the current Bitcoin correction could be approaching its later stages. VanEck, the asset management firm known for its exchange-traded fund products, has published an update on its Bitcoin capitulation framework. The firm reports that 8 of 12 signals it monitors are currently active.

The agency is asking industry and the public to weigh in on changes affecting commodity pool operators and trading advisors, a category that increasingly includes digital asset fund managers. The Commodity Futures Trading Commission has proposed changes to the registration rules governing commodity pool operators and commodity trading advisors.

Reports indicate holders will receive the token ahead of the network it is meant to power. Arthur Hayes, the former chief executive of derivatives exchange BitMEX, is again drawing attention in crypto circles. This time it concerns a new token tied to his name.

The raise will reportedly support growth plans across the United States, though reports differ on which Ripple entity led the deal. A Ripple-linked entity has completed a $275 million private placement, with proceeds earmarked for expanding operations in the United States.

The new platform pairs transaction privacy with compliance tools aimed at institutional and regulated trading activity. Provable has begun early access rollout for Shield Swap, a trading venue built to keep transaction details confidential while still meeting compliance expectations. The announcement was reported by BeInCrypto and AMBCrypto on August 18, 2026.

Total capital raised stayed roughly flat even as the number of funded deals declined, according to new data. Crypto fundraising totaled roughly $1.36 billion in July, according to data reported by Invezz and Cryptopolitan. The figure held near recent levels even as the number of individual deals declined during the month.