Stablecoin infrastructure provider Yellow Card said on Aug. 4 that it had raised $40 million in a strategic financing round backed by SC Ventures, Sony Innovation Fund, Polychain Capital, and Blockchain Capital, lifting its total equity funding to more than $120 million. The company’s path to this point took nearly a decade and included two major shifts: from a Bitcoin gift card product launched in 2016, to a retail crypto trading app in Nigeria in 2019, and then to a business focused on enterprise stablecoin infrastructure after demand moved sharply from Bitcoin to USDT. During the pandemic, Yellow Card’s transaction volume rose from $1 million per month to $1 million per day, and after listing USDT, 99% of volume shifted from Bitcoin to stablecoins in four months. The company later decided to shut its consumer mobile app, telling retail users on Oct. 29, 2025 to withdraw funds by Dec. 31 before the app closed on Jan. 1, 2026. Yellow Card now positions itself as a payments and settlement infrastructure provider for banks, fintech firms, and enterprises across emerging markets, with operations in more than 50 markets and licenses, authorizations, or registrations in 22 jurisdictions as of August 2026.

Tether has selected one of the Big Four accounting firms for its first full financial audit, targeting completion by end of 2026. Its planned $20 billion equity raise is paused, awaiting audit results as investors demand transparency.

After a record $92.9M outflow, XRP spot ETF saw $16.79M inflow the next day. Price entered "fear" zone while buying activity persisted. Investors eye Arc Miner's cloud mining contracts for defensive yield.

PwC shifts its stance on digital assets, citing supportive U.S. regulation under Trump. CEO Paul Griggs credits the GENIUS Act for stablecoin rules. The firm spent 10-12 months preparing before launching compliance-driven crypto services across audit and consulting, backed by $56.9B revenue.

Messari said Solana kept attracting institutional finance and payments activity in Q1. Its RWA market cap rose to $2.01 billion, stablecoin market cap reached $14.85 billion, and major firms expanded tokenized finance and payment use on the network.

Chainlink announced collaborations with major banks including JPMorgan's Kinexys, ANZ, SBI Group, Emirates NBD, and Wenia for cross-chain tokenized asset settlements and stablecoin reserve verification.

Christopher Wood of Jefferies removed the 10% Bitcoin allocation from his flagship portfolio, replacing it with physical gold and gold mining stocks, citing advanced quantum computers could derive private keys from public keys and break Bitcoin's cryptography.

BitMEX has connected with Zodia Custody’s Interchange system, letting eligible institutional and professional clients trade derivatives without moving collateral onto the exchange.