
Ripple raises $275M to fuel prime brokerage expansion	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

August 19, 2026

Your Daily Digest of the 🔥Hottest News in Crypto.

Today’s top stories

🏦 SEC proposes safe harbor for crypto tokens as CLARITY Act stalls
🚀 Ripple raises $275M to expand into prime brokerage
📊 FASB proposes stablecoin cash equivalent guidance
📰 Keep reading for all of today’s biggest headlines

SEC proposes new crypto rules in absence of CLARITY Act

The SEC proposed new crypto rules creating a safe harbor from tokens being treated as investment contracts and exemptions for token issuance, filling a gap after Congress failed to pass the CLARITY Act. The rules allow issuers to raise up to $5 million over four years or $75 million over 12 months with ongoing reporting requirements, though SEC Chair Paul Atkins stressed that legislation remains essential to ensure durable oversight. Public comment on the proposal will be open for 60 days.

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Ripple raises $275M for US prime brokerage to meet institutional demand

Ripple has raised $275 million through a senior note offering to expand its US prime brokerage and multi-asset clearing services, citing strong institutional demand. The proceeds will support Ripple Prime, its non-bank prime brokerage launched after acquiring Hidden Road, as it moves further into traditional financial services. Ripple noted that the offering attracted a diverse base of institutional investors, signaling confidence in bridging traditional and digital asset infrastructure.

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US accounting board FASB proposes conditions for stablecoins as cash equivalents

The FASB has proposed guidance clarifying when stablecoins can be classified as cash equivalents under US GAAP, requiring direct issuer redemption rights and one-to-one liquid reserves, with secondary-market liquidity alone deemed insufficient. The proposal adds illustrative examples without changing the existing definition, and would also mandate annual disclosure of cash equivalent components. It follows the GENIUS Act regulatory framework and is open for public comment until Nov. 19.

Bitcoin has ‘largely purged’ froth that preceded 50% drop from $126K: BlackRock

BlackRock says Bitcoin’s 50% drop from its $126,200 high was a “positioning correction,” not a failure of its investment thesis. The firm blames overleveraged derivatives markets and cascading liquidations, while noting continued outflows from spot Bitcoin ETFs. With speculative excess “largely purged,” it expects Bitcoin’s recent high correlation with risk assets to fade and return to its role as a diversifier.

The report also highlights Bitcoin’s long-term resilience, noting it often outperformed stocks and gold after major shocks like COVID and the 2024 election. While its volatility remains high—40% versus 26% for gold—BlackRock still compares Bitcoin’s case to gold as a hedge against inflation and global disorder, even if brief periods of high equity correlation occur.