WEEKLY BRIEF Aug 23–Aug 30, 2026

Headlines
• Trump family’s new crypto bank receives preliminary approval and backing from Abu Dhabi Sheikh
• Solana governance approves proposal to double disinflation rate, cutting issuance by 18.9M SOL
• Injective becomes the first Layer 1 blockchain to be an SEC-registered transfer agent
• Ethena Foundation to buy out VCs, activate fee switch, and expand USDe backing to equity basis trades
• Security alerts: Term Labs ($8.5M) and Moonwell exploited; Cosmos EVM chains halt; Ledger patches vulnerability
• Strategy USD reserves increase by $1.9B to $6.7B; no Bitcoin purchased over the past week
• LayerZero to launch institutional crypto exchange 'Atlas' this fall
• Entropy launches on Hyperliquid with pre-IPO and equity perps following $14M raise
• Morpho liquidations of $36.4M triggered by YT-REUSUD yield spike manipulation
• Circle's USDC becomes official shirt sponsor for Chelsea FC starting in 2026/27

Weekly ETF Flows
• BTC: +$924.5M net inflows
• ETH: +$815.7M net inflows
• SOL: +$142.7M net inflows
• HYP: +$56.8M net inflows

Exchange Listings
• Binance: $牛来 (futures)
• Bithumb: $PROM (spot), $FOLD (spot), $EURC (spot)
• Upbit: $LIT (spot, KRW), $NCT (spot, KRW), $EURC (spot, KRW)
• Coinbase: $BASECAT (spot), $DRB (spot), $GRASS (spot), $POD (roadmap)
• Robinhood: $MORPHO (spot)

Regulatory
• Investors across Trump-linked crypto ventures are reported to be underwater by at least $4.7B
• Kalshi discloses $1.12B sold in equity raise toward a $1.5B offering

Market Flows
• Circle minted 5 billion USDC over the past week
• JPMorgan Chase evaluated pursuing a proprietary stablecoin, according to sources
• Ethena achieves USDC:USDT parity and offers zero-fee USDT minting for USDe
• Macro calendar: Core PCE and Prelim GDP data scheduled for release on August 26