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The Big Story
The SEC will vote next Friday on whether to propose a token offering framework — The U.S. Securities and Exchange Commission has scheduled an open meeting for Friday, August 14, with a single item on the agenda: whether to propose new rules creating a dedicated offering framework for certain investment contracts involving crypto assets. The vote represents the SEC's first formal attempt to build a regulated path for digital asset issuances under the current administration. If the commission votes yes, the proposal would open a public comment period before any final rule takes effect. Meanwhile, the White House is doubling down on passing the CLARITY Act in September, with Patrick Witt confirming the administration remains fully committed despite the Senate's failure to advance the bill before recess.
Breaking News
Fidelity is supercharging its ETH ETF — Fidelity, one of the world's largest asset managers with more than $7 trillion in assets under management, is moving to formally implement staking and quarterly cash distributions for its spot ETH ETF.
U.S. CPI hits lowest levels in 4 months — The U.S. Bureau of Labor Statistics released its July 2026 Consumer Price Index report on August 12, with the headline number landing exactly where markets anticipated at 3.4% year-on-year, down from 3.5% in the prior reading.
Coinbase wins an Abu Dhabi license and names ADGM its international tokenization hub — Coinbase has received Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market, giving the company regulatory clearance to establish an international presence in the UAE.
Russia's central bank proposes Bitcoin, Ethereum and USDT for trading on regulated exchanges — Russia's central bank published a draft directive on August 11 that names BTC, ETH and USDT as the initial assets eligible for trading on regulated domestic cryptocurrency exchanges.
Top Stories
RWA flows swing from Ethereum to BNB Chain — Real-world asset capital is shifting. Over the past 30 days, Ethereum recorded $1.1 billion in net RWA outflows while BNB Chain pulled in $1.15 billion in net inflows, the largest of any network. The reversal marks a notable change in where tokenized real-world assets are being deployed, with BNB Chain now capturing the majority of new capital despite Ethereum's continued dominance in total value locked.
Polygon powers Bank of England's Stablecoin & CBDC pilot — The Bank of England has advanced its Digital Pound Lab programme to phase two, selecting the Polygon network as the blockchain infrastructure for a new round of testing. The lab forms part of the Bank of England's broader exploration of wholesale CBDC infrastructure and regulated stablecoin issuance.
BlackRock Slashes IBIT In Kind Conversion Threshold — BlackRock has cut the in-kind conversion minimum for its iShares Bitcoin Trust from $25 million to $1 million, a 96% reduction that opens the mechanism to a significantly broader pool of institutional participants. The change allows authorized participants to exchange Bitcoin directly for IBIT shares and vice versa at a much lower entry point.
Deep Dive of the Week
What Could the CLARITY Act Mean for XRP's Legal Status? — The CLARITY Act would take XRP's current digital commodity status, which rests only on a joint interpretation from the SEC and CFTC, and write it into permanent federal law. That single change would move XRP's oversight from the SEC to the CFTC and remove the risk that a future administration reverses the classification.
By the Numbers
$853.54M — US spot Bitcoin ETFs recorded their strongest week of inflows since mid-April, with BlackRock's IBIT alone accounting for $617.24 million of the total.
$23.3B — Chainlink's Cross-Chain Interoperability Protocol has now moved $23.32 billion in cumulative transfer volume across 78 networks, with 268 cross-chain tokens supported.
$10.03M — Solana memecoin launchpad Pumpfun cleared this revenue threshold for the week of August 3 to 9, marking the first time the platform crossed the $10 million weekly barrier since launch.
989,500 — Ethereum recorded this many active addresses in a single 24-hour window according to Santiment, marking the network's busiest stretch since March with a 147% surge in one day.
3.4% — July 2026 U.S. Consumer Price Index came in at this level year-on-year, down from 3.5% in the prior reading and matching market expectations exactly.
$3.61B — Ondo Finance now accounts for this much of the $38.14 billion total tokenized real-world asset market, cementing its position as one of the largest players with nearly 10% market share.
On Our Radar
Kalshi emergency order — The CFTC invoked emergency authority to keep prediction market platform Kalshi operating after the exchange notified the regulator that New York's Attorney General had filed a lawsuit seeking to halt its election contracts.
Riot's $9.1B AI lease — Riot Platforms signed a 20-year lease with an undisclosed frontier AI lab for 191 megawatts of critical IT capacity at its Rockdale, Texas campus, one of the largest data center deals in the company's history.
Robinhood UK launch — Robinhood launched cryptocurrency trading in the UK through Bitstamp UK Ltd., giving British retail investors access to more than 50 digital assets including XRP and SHIB directly inside its main investing app.
NEAR Intents hits $25B — NEAR Protocol's NEAR Intents platform crossed $25 billion in cumulative transaction volume, underscoring rapid adoption of its intent-based cross-chain execution layer.
Until Friday.