
BlackRock rolls out tokenized funds for stablecoin reserves	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

August 4, 2026

Your Daily Digest of the 🔥Hottest News in Crypto.

Today’s top stories

💳 Mastercard completes $1.8B BVNK acquisition for stablecoin push
💰 New BlackRock funds qualify as stablecoin reserves under GENIUS Act
🏦 Nigeria sets crypto tax rules for digital asset platforms
📰 Keep reading for all of today’s biggest headlines

Mastercard completes $1.8B BVNK acquisition in stablecoin push

Mastercard has completed its $1.8 billion acquisition of stablecoin infrastructure firm BVNK, a deal first announced in March and now finalized. The merger combines Mastercard’s global network with BVNK’s onchain platform for stablecoin issuance, payment processing, and treasury management, enabling real-time settlement and 24/7 payments for banks, fintechs, and enterprises. BVNK will operate as part of Mastercard—with no immediate changes for existing customers—and strengthens Mastercard’s digital asset strategy as institutional adoption of stablecoins accelerates.

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BlackRock launches tokenized money market funds for stablecoin reserves

BlackRock has launched two tokenized money market funds designed to qualify as reserve assets for stablecoin issuers under the US GENIUS Act. The products include BSTBL, a tokenized share class on Ethereum, and BRSRV, a multi-chain fund with automatic dividend reinvestment, with BNY and Securitize serving as transfer agents. Both are structured to meet federal standards for eligible stablecoin reserves, expanding BlackRock’s presence in the tokenized Treasury market alongside its existing BUIDL fund.

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Nigeria sets crypto tax collection rules for digital asset platforms

Nigeria’s tax agency has issued guidelines requiring crypto exchanges and peer-to-peer marketplaces to collect, report, and remit taxes on digital asset transactions, with some withheld amounts payable in the original tokens. The rules impose a 1% withholding tax on crypto disposals, 10% on staking, mining, airdrops, and DeFi, and a 1.5% stamp duty on token-fiat conversions, while exempting stablecoin sales. The framework implements Nigeria’s 2025 tax laws and follows a presidential executive order creating a Virtual Asset Council.

Malaysia Blockchain Week’s OnlyFans scandal, lonely heart scammed for $3.3M: Asia Express

Hong Kong police reported 25 romance-linked crypto scams in a single week, defrauding victims of $9 million total. In one case, an insurance agent lost $3.3 million after a fake boyfriend directed her to a fraudulent trading app that showed fake profits. Separately, Malaysia’s government withdrew support for Malaysia Blockchain Week after an after-party featured influencer Siew Pui Yi, known for past OnlyFans content; organizers apologized and canceled her performance.

Other regional highlights include FalconX laying off 10% of staff, South Korea planning a consolidated Digital Asset Basic Act, Bitget exiting Japan, and an Indian court recognizing crypto as property. The article also covers a Vietnam-linked coffee scam, a fake Flare Network staking scheme, and China’s new AI system for detecting illegal crypto transactions.