Ripple joins Clearpool, Cicada to launch institutional RLUSD credit fund

Ripple has backed a new institutional credit fund that will issue RLUSD working-capital loans to fintech and payments companies through the XRP Ledger, with Clearpool and Cicada Partners handling the lending infrastructure and credit management.  SummaryRipple is backing a new fund that will provide RLUSD working capital loans to fintech and payments companies.Cicada Partners will source borrowers and manage credit risk, while Clearpool is building the lending infrastructure.The fund is still being tested as the XRP Ledger lending and vault features await mainnet approval.Ripple will participate as a limited partner and will not guarantee investor losses.  CoinDesk reported on Aug. 21 that the fund will provide loans denominated in Ripple USD (RLUSD), while Cicada Partners will source borrowers, set lending terms and oversee credit risk. Clearpool is developing the infrastructure needed to create and manage the credit pools, with Ripple joining other institutions as an investor.  The companies did not disclose the planned size of the fund or the amount Ripple has committed.  Under the structure, Cicada will serve as the funds general partner and credit-pool manager. The firm said it has underwritten more than $860 million in credit, while Clearpool said its lending platform has facilitated more than $930 million in institutional loans

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South Korea proposes new FIU powers to investigate unregistered crypto firms

South Korean lawmakers have introduced legislation that would give the Financial Intelligence Unit direct authority to investigate suspected unregistered crypto businesses instead of relying mainly on police referrals.  Yonhap reported that People Power Party lawmaker Eom Tae-young and nine other lawmakers filed the amendment on Thursday, proposing new powers under the Act on Reporting and Using Specified Financial Transaction Information, commonly known as the Specific Financial Information Act.  Under the bill, any person could report a suspected violation of the law directly to the FIU. Once a report is received, the financial intelligence agency would be allowed to investigate and analyze the suspected conduct before deciding whether further action is required.  The proposal would also allow the FIU to file complaints with relevant authorities, request criminal investigations, and hand information gathered during its review to investigators. Such powers would change the current process, under which the FIU can identify suspected unregistered operators but must depend on police and other investigative agencies to pursue most cases.  The bill has only been introduced and must pass the National Assembly before the proposed changes can take effect.  FIU could directly investigate unregistered crypto businesses  Lawmakers proposed the additional powers after enforcement data raised questions over how effectively cases involving

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Cybersecurity firm unveils crypto phishing campaign targeting 885,000 phone numbers

Cybersecurity firm Rapid7 unveiled a new cryptocurrency phishing campaign known as Operation Asterix, targeting roughly 885,000 phone numbers from several countries to steal cryptocurrency investors assets.  The phishing campaign led to 5,576 accounts matched to users on crypto exchange Binance, which were queued for attack, while the recovered logs also showed fake emails impersonating Crypto.com, according to a Monday report by Rapid7.  Of the 885,000 phone numbers, the largest file included 316,002 German mobile numbers, with additional directories covering Hong Kong, Bulgaria, the UK, the US, Canadian fintech companies and additional Ledger-related lists.  Phishing attacks and social engineering scams drove the majority of the crypto industrys losses in the first quarter of the year, accounting for $306 million out of the total $482 million lost, according to blockchain security company Hacken.  As part of the Asterix phishing campaign detailed by Rapid7 analysts Anna Sirokova and Jan Recinsky, attackers drove victims to fake apps impersonating Ledger, Trezor, and Exodus, seeking to steal their seed phrases. Attackers reached out to victims through fake support emails and phone inquiries.  Operation Aseterix kill chain from acquisition to exfiltration. Source: Rapid7.  Cointelegraph has contacted the analysts for further comment on what they found regarding target filtering, hardware wallet spoofing and self-custody

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Strategy Bitcoin treasury returns to profit above $75,385

Strategy‘s Bitcoin treasury briefly returned to an unrealized profit on Aug. 21 after Bitcoin climbed above the company’s $75,385 average acquisition price.  SummaryStrategy holds 840,447 Bitcoin acquired for $63.36 billion at $75,385 per coin including expenses overall.Bitcoin climbed above Strategys average acquisition price during an 8.5% daily market rally on Friday.At $75,613, Strategys holdings carried approximately $192 million in unrealized gains before prices changed again.BitMine reported 5,815,164 ETH with 5,067,309 tokens staked through its validator network currently in operation.Ethereum near $2,371 leaves BitMines treasury deeply below the reported $3,366 average cost estimate currently.  Bitcoin reached approximately $75,613 during the rally, placing Strategys 840,447 BTC about $228 per coin above its disclosed cost basis. Multiplying that difference by its holdings produced an estimated unrealized gain of approximately $191.6 million.  The gain changed rapidly with Bitcoins price. Crypto.news price data later placed BTC near $75,500, reducing the estimated surplus to about $97.5 million. These figures are snapshots rather than fixed company results.  You might also like:  Strategy faces Chanos $80B Bitcoin arbitrage claim  Strategy Bitcoin holdings cross their cost basis  Strategy reported that its remaining Bitcoin was acquired for approximately $63.36 billion, including fees and expenses. The position carried an average purchase price of $75,385 per coin as of

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Shinhan taps Solana for Korean won tokenized fund

South Koreas Shinhan Asset Management signed a four-party memorandum on Aug. 21 to test a Korean won tokenized fund using the Solana blockchain.  The agreement brings together Shinhan Asset Management, the Solana Foundation, tokenization platform Etherfuse and decentralized exchange Orca. The participants will conduct a proof of concept covering the funds issuance and distribution process.  The planned product would invest in short term Korean won bonds and target overseas institutional investors. However, the participants have not announced the funds size, expected yield or public launch date.  Shinhan will test the complete tokenized fund process  The proof of concept will examine the steps needed to issue and distribute a regulated tokenized fund. These include know your customer checks, anti-money laundering controls, token issuance and onchain liquidity arrangements.  BREAKING: Koreas Shinhan Asset Management is building a KRW tokenized fund on Solana, modeled on BlackRocks BUIDL  Shinhan will provide asset management and regulatory expertise. Etherfuse will supply infrastructure for creating and managing the tokenized assets. Orca will help design the liquidity system used to distribute or exchange the fund tokens on Solana.  The Solana Foundation said the model draws from BlackRocks BUIDL fund, one of the largest tokenized money market products. The comparison refers to the blockchain based distribution model.

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Bitcoin ETFs Post $606 Million Inflow, Biggest Since May 1

Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded $606.29 million in net inflows on August 20, marking a fourth consecutive day of inflows.The total is the largest single-day haul the funds have seen since May 1.  Spot Ethereum (ETH) ETFs added $221 million the same day, also extending a four-day inflow streak. The dual demand landed as bitcoin traded at $75,524, continuing a market-wide rally that has run through the week.  Sponsored  Sponsored  Bitcoin ETFs Extend a Four-Day Run  Thursdays inflow followed $517.19 million on August 19, $189.30 million on August 18, and $297.56 million on August 17. Combined, the four-day run has pushed cumulative net inflows for the category to $53.40 billion.  Inflows have been growing as BTCs price rallied. Image Source: SoSo Value  The last time Bitcoin ETFs booked a bigger single day was May 1. That day, the funds pulled in $629.73 million, and total net assets crossed $100 billion for the first time.  BlackRock‘s IBIT led the day’s inflows with $502.99 million, more than 80% of the days total. The broader crypto market rally that has lifted Bitcoin this week has coincided with a wave of short liquidations squeezing bearish positions across the market.  Ethereum Demand Builds Alongside Bitcoin  Ethereum ETFs have moved in step with their

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Bhutan transfers 490 BTC worth $32.7M to new wallets

The Royal Government of Bhutan has moved 490.87 Bitcoin worth about $32.74 million to fresh wallets over the past 24 hours, extending a series of large BTC transfers from state-linked addresses in 2026.  According to blockchain analytics platform Onchain Lens, the latest activity included a 485 BTC transfer worth approximately $32.31 million, which accounted for nearly all of the Bitcoin moved during the period.  BHUTAN MOVES $32.7M BTC TO FRESH WALLETS  The Royal Government of Bhutan moved 490.87 $BTC (~$32.74M) to fresh wallets over the past day.  The largest transfer was 485 $BTC (~$32.31M). pic.twitter.com/DQLs7MHrCT  — Onchain Lens (@OnchainLens) August 21, 2026  Smaller transactions made up the remaining amount, with Onchain Lens data showing BTC leaving wallets identified as belonging to the Royal Government of Bhutan. The analytics platform did not identify the fresh recipient wallets as exchanges or trading firms, and it did not confirm whether the transfers represented sales.  The distinction is important because a transfer to a newly created or unidentified wallet does not establish what happened to the Bitcoin afterward. Bhutan has previously moved BTC to unknown addresses as well as wallets connected to trading firms, making the eventual destination relevant when determining whether funds were sold or simply reorganized.  Bhutan Bitcoin transfers have

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Bitcoin miners spend $5.1B chasing AI revenue

Public Bitcoin miners spent $5.11 billion on capital assets during the first half of 2026 while reporting only $341.2 million in artificial intelligence and high performance computing revenue, according to an Aug. 20 analysis from BlocksBridge Consulting.  SummaryNine public Bitcoin miners spent $5.11 billion on capital assets during first half of 2026 collectively.Their directly reported AI and HPC revenue totaled $341.2 million, creating a fifteen-to-one spending-to-revenue ratio overall.AI and HPC revenue reached $205.8 million in Q2, rising 52% from the preceding quarter collectively.Fifteen miners and data center companies spent $30.7 billion in their latest 2026 reporting periods already.CoinShares expanded WGMIs mandate across mining, data centers, semiconductors, power generation and advanced computing companies.  The figures produce a roughly 15 to 1 ratio between companywide capital spending and directly reported AI and HPC revenue. They show how much infrastructure miners are building before their newer operations reach full commercial capacity.  The comparison does not measure returns on AI investments alone. BlocksBridge included purchases and allocations involving hardware, property, equipment and other productive assets. Some spending may continue supporting Bitcoin mining operations.  You might also like:  Former Bitcoin miner Firmus raises $2B as Blackstone, Nvidia back AI push  Bitcoin miners face a costly infrastructure conversion  BlocksBridge examined nine comparable miners

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President Trump crypto profits called inappropriate by 63%: poll

Most Americans believe President Donald Trump and his family should not earn money from cryptocurrency while he holds office, according to a Reuters/Ipsos poll released on Aug. 19.  Summary63% of surveyed Americans called Trump family crypto profits inappropriate, while 32% considered them appropriate.69% of Republicans considered the profits appropriate, while 92% of Democrats described them as inappropriate.1,166 adults participated in the four-day Reuters/Ipsos poll with a three-point overall sampling error margin.Reuters calculated more than $1.4 billion in 2025 crypto income from Trumps financial disclosure filing.69% said private business interests influence presidential decisions, extending concern beyond cryptocurrency earnings and investments.  The survey found that 63% of respondents considered the Trump familys crypto profits inappropriate. Another 32% viewed the activity as appropriate, while the remaining respondents did not answer the question.  Reuters and Ipsos conducted the nationwide online survey between Aug. 14 and Aug. 17. The poll included 1,166 U.S. adults and carried a margin of error of about three percentage points.  You might also like:  Trump calls for ‘fair’ CLARITY Act at White House event  Trump crypto profits expose a partisan divide  Views differed sharply by political affiliation. About 69% of Republicans considered the familys cryptocurrency earnings appropriate, according to the reported results. By comparison, 92% of Democrats

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MANTRA token sinks 18% to record low amid blockchain halt

MANTRAs native token sank 18.5% from its 24-hour high to a record low shortly before MANTRA Chain stopped producing blocks and its team announced a precautionary halt over an unexplained incident.  According to CoinGecko, MANTRA fell from $0.005060 to an all-time low of $0.004126 around 11:00 pm UTC on Thursday. It later recovered to about $0.0044 but remained down roughly 10% over 24 hours, while trading volume climbed nearly 600% to $24 million.  MANTRA said Friday it was “aware of an incident affecting MANTRA Chain” and had halted the network as a precaution while it investigated. “We dont have a root cause or timeline to share yet,” the project said, adding that all endpoints and transactions were frozen.  The halt prevents assets from moving on MANTRA Chain and has prompted affected exchanges to pause deposits and withdrawals, with no timeline given for either service to resume.  MANTRAs 24-hour price chart. Source: CoinGecko  MANTRA Chain remains halted as investigation continues  MANTRAs status page classified the incident as a full outage affecting public endpoints, validators, bridge migration operations and MANTRA-managed Inter-Blockchain Communication relays. The team said it would not restart the network until it was confident it was safe.  The networks public RPC listed block 17,449,398, produced at 11:13

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