Headlines

Stablecoin card spending crosses $10.9B

Cumulative stablecoin card spending has surpassed $10.9 billion, according to Paymentscan data cited by payment provider RedotPay on Aug. 25. Summary Paymentscan data cited by RedotPay placed cumulative stablecoin card spending above $10.9 billion worldwide overall. July 2026 produced a record month, with card spending exceeding $1 billion for first time. RedotPay predicts annualized spending…

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Kalshi ruling puts CFTC prediction rules at risk

A federal appeals court ruled on Aug. 28 that Kalshi had not shown Nevada’s regulation of its sports-event contracts was likely preempted by federal commodities law. Summary Ninth Circuit judges held Kalshi unlikely to block Nevada regulation of sports-event contracts through preemption. The ruling did not invalidate CFTC rulemaking or resolve any future Administrative Procedure…

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Solana sets Sept. 9 date for Transaction V1

Solana Foundation Vice President of Technology Jacob Creech outlined several upcoming Solana upgrades on Aug. 30. Transaction V1 is scheduled for Sept. 9, while the first stage of a network rent reduction is expected during the week beginning Aug. 31. Summary Solana plans to activate Transaction V1 on September 9, increasing transaction size to 4,096…

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Everything Driving Bitcoin Right Now

The short squeeze sparked the rebound, but ETF and on-chain data suggest broader demand is now helping. Bitcoin (BTC) has risen about 26% from its mid-August low after a short-liquidation event accelerated the rebound. Glassnode said the August 19 move produced the largest one-day liquidation event since 2019. Short positions accounted for most of…

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Sberbank plans BTC, ETH and USDT-backed loans

Sberbank plans to expand its crypto-backed lending business by accepting Bitcoin, Ethereum and Tether’s USDT as collateral, Deputy Chairman Anatoly Popov told TASS on Aug. 28. Summary Sberbank plans to accept Bitcoin, Ethereum and USDT as collateral after required regulatory approval arrives. Russia’s new crypto market framework takes effect September 1, 2026, under formal central…

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