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Short liquidations and institutional investment products helped drive roughly $500 billion in crypto market-value gains in days. Bitcoin rose from about $63,500 toward $80,000 last week. CoinShares recorded over $2.9 billion in global crypto investment-product inflows in the week to Aug. 20.

David Tepper's Appaloosa sold every SanDisk share in the second quarter from a portfolio of more than $7.7 billion. About 77% of the fund's invested assets were in companies where AI was a core growth driver. Amazon and Taiwan Semiconductor were among the fund's largest positions.

The Monetary Authority of Singapore proposed rules requiring stablecoin issuers to hold reserves equal to at least 100% of tokens in circulation. The rules would bar issuers from paying interest or other benefits tied to stablecoin holdings. The consultation closes Oct. 16, and no implementation date has been announced.

Binance is adding options on more than 1,000 U.S. stocks and ETFs amid approximately $433.4 billion in August TradFi perpetual futures volume. Nest Trading Limited will route orders to Alpaca Securities for execution and settlement. The products will not be available to U.S. users.

Bitcoin traded near $78,000 in a crypto markets roundup. Arbitrum's ARB rose more than 30% as Robinhood Chain's 24-hour transaction revenue passed $2 million. Robinhood Chain sent 10% of net protocol revenue back to the Arbitrum ecosystem. Spot bitcoin ETF inflows resumed Monday with $217 million.

McKesson confirmed unauthorized access to its cloud systems that allegedly exposed 248 million patient records. The company discovered the incident on August 25 and said it affected a subset of customers in several divisions. McKesson has not confirmed the record count, the full data types, or the ransom details.

South Korea's Kospi gained 0.23% to close at 6,835.8 points as buyback-driven gains in Samsung Electronics and SK Hynix offset net selling by foreign, institutional, and retail investors. The index posted its second straight gain after opening 0.52% lower. Strong chip demand supported Korea's August exports and extended the Kospi's chip-driven rally.

Five major US spot XRP funds recorded about $320.8 million in net primary-market inflows despite a combined $746.1 million gap between XRP fair value and accounting cost. SEC filings showed roughly $629.9 million in share creations and $309.1 million in redemptions during the first half of the year. The funds held XRP worth $947.3 million at June 30 against nearly $1.7 billion in accounting cost.

Singapore is considering recognizing some foreign-regulated stablecoins under its Monetary Authority of Singapore framework. The proposal would cover stablecoins jointly issued by Singapore and foreign issuers. MAS opened a public consultation on legislative amendments and related policy proposals.

The UK's National Crime Agency reportedly froze more than $13.6 million in a Premier League bank account during an investigation into Sorare. The agency obtained the order from Westminster magistrates' court in January 2025 under the Proceeds of Crime Act. Sorare also faces a Gambling Commission prosecution over allegedly operating gambling without a licence, with trial scheduled for June 2027.

Payward plans to tokenize the 100 largest companies listed on the London Stock Exchange as xStocks. The first tokens are expected on Kraken and other xStocks Alliance platforms in the coming weeks. The tokens will be available in more than 110 countries, but not currently to UK-based investors. Subject to regulatory approval, the LSE plans to support xStocks trading on its LSE 24 venue.

Elon Musk replied “Wow” to a story about a German founder who paid €30,000 to have a 90-page investment contract read aloud by a notary. German law requires the session for certain company transactions. Paul Graham contrasted the process with US SAFE deals that require checking only names and numbers.