Ripple expands in Asia, Bo Hines joins Tether

This week in crypto, the market noticed a mixture of high-profile partnerships, regulatory strikes, and big token acquisitions.

From Ripple and SBI Holdings making ready to carry RLUSD to Japan, to SharpLink Gaming and Technique making important Ethereum and Bitcoin buys, digital belongings proceed to make waves.

In the meantime, international authorities cracked down on cybercrime, regulators pushed ahead with “crypto dash” initiatives, and political and company actors deepened their stake within the house.

Right here’s a roundup of the highest tales shaping the crypto ecosystem this week.

SBI Holdings welcomes Ripple stablecoin

• Tokyo-based monetary companies big SBI Holdings agreed to collaborate with Ripple for introducing RLUSD stablecoin to Japan.
• The partnership targets the primary quarter of 2026 for market launch.

Interpol coordinates cybercrime crackdown

• Operation Serengeti 2.0 resulted in over 1,200 arrests throughout 18 African nations and the UK.
• The operation focused criminals who victimized 88,000 people by varied schemes together with cryptocurrency fraud. Authorities confiscated greater than $97.4 million.

VanEck submits JitoSOL ETF utility

• The worldwide funding administration firm filed registration paperwork with the Securities and Trade Fee for a proposed VanEck JitoSOL ETF monitoring the liquid staking token.

CFTC advances crypto dash initiative

• The Commodity Futures Buying and selling Fee continues to implement its third section of accelerated rulemaking efforts based mostly on suggestions from the President’s Working Group on Digital Asset Markets.
• These “crypto dash” measures goal to determine clearer regulatory frameworks for digital asset derivatives and buying and selling.

Social engineering rip-off prices investor $91 million

• An unidentified cryptocurrency holder misplaced 783 Bitcoin after fraudsters impersonated buyer help representatives from a {hardware} pockets producer and change platform.

South Korean officers put together stablecoin framework

• Senior executives from main Korean monetary establishments are scheduled to satisfy with management groups from Tether and Circle Web Group this week.
• These discussions precede South Korea’s anticipated October launch of authorized frameworks governing stablecoin operations.

DBS Financial institution tokenizes structured notes on Ethereum

• Singapore’s largest monetary establishment introduced plans to supply tokenized structured notes by partnerships with ADDX, DigiFT, and HydraX platforms.
• Eligible merchants will entry these merchandise by way of cryptocurrency funding platforms and exchanges.

Winklevoss twins improve political contributions

• Tyler and Cameron Winklevoss donated a further $21 million price of Bitcoin (BTC) to the Digital Freedom Fund PAC, contributing over 188 BTC to political advocacy efforts.
• The contribution goals to take care of President Donald Trump’s help for the cryptocurrency trade.

SharpLink Gaming makes largest Ethereum buy

• The net playing advertising and marketing firm acquired 143,593 Ethereum (ETH) for $601.5 million between August 10-15.
• This buy represents SharpLink’s largest Ethereum acquisition over the previous month as a part of its treasury technique transition.

SkyBridge Capital to tokenize $300m in hedge funds

• Anthony Scaramucci’s funding administration agency will tokenize $300 million price of hedge funds on the Avalanche community by partnerships with Tokeny and Apex Group.
• The Digital Macro Grasp Fund and Legion Methods will transfer on-chain by this collaboration with the $3.5 trillion asset supervisor.

Bo Hines joins Tether

• The previous presidential crypto advisor accepted appointment as strategic advisor for digital belongings and U.S. technique on the stablecoin issuer.
• Hines will deal with Tether’s American market entry technique.

Thailand delays crypto vacationer cost options

• The Financial institution of Thailand suspended cryptocurrency conversion capabilities in its new Vacationer Pockets pending regulatory overview by mid-August.
• The digital cost system at the moment helps QR-based international foreign money conversions with eight companion international locations together with Singapore and Malaysia.

Technique accumulates extra Bitcoin

• Technique bought 430 Bitcoin for $51.4 million in the course of the week, paying a mean worth of $119,666 per coin.