The Bank Policy Institute, which represents major banks including JPMorgan, Bank of America, Wells Fargo, and Citi, is asking the U.S. Treasury’s FinCEN to expand the scope of its customer identification program requirements to stablecoin secondary markets.

The proposal targets exchanges and other platforms that maintain direct account relationships with retail users, BPI said, noting that these venues handle a large portion of buying and selling activity in the payment stablecoin ecosystem and are where most illicit activity tied to stablecoins occurs.

Under the plan, these platforms would be required to collect customer information under the Bank Secrecy Act, and decentralized exchanges could also come under oversight if the rules are adopted.

FinCEN’s draft rule notes that stablecoin secondary-market transactions on blockchains typically involve anonymous or pseudonymous identities and lack a centralized node to gather identity data, limiting issuers’ ability to collect customer information from secondary-market users.

BPI has also opposed the current version of the Digital Asset Market Clarity Act alongside other banking groups.

Circle issued about 7.5 billion USDC and redeemed roughly 6.7 billion USDC during the seven days ended August 20, resulting in an increase in circulating supply of around 800 million tokens.

Odaily estimates that total USDC in circulation reached 72.7 billion tokens, with reserves totaling about $72.9 billion.

The reserve mix includes roughly $48.1 billion in overnight reverse repurchase agreements, about $12.7 billion in U.S. Treasuries maturing in under three months, around $11.4 billion deposited at systemically important institutions, and about $700 million in other bank deposits.

On Aug 23, 2026, at 03:33 AM UTC, Binance Market Data shows BNB trading at 689.929993 USDT after dipping below the 690 level.

The 24-hour loss is listed at 4.26%.

A report cited by Jin10 quotes Iran's ambassador to Russia, Jalali, saying in an interview with Sputnik News Agency that U.S. military morale is low.

He added that the Pentagon or other U.S. officials have not confirmed the claim.

Pony AI reported first-half 2026 revenue of $70.47 million, up 98.9% from a year earlier, with a gross margin of 16.9% and a net loss of $98.86 million, according to Jiemian News.

Robotaxi revenue rose 534% to $20.6 million, while the second-quarter net loss attributable to Pony AI Inc. increased to $59.8 million from $53.1 million a year earlier.

As of the end of June, Pony AI’s cash, restricted cash, short-term investments and long-term restricted investments totaled about $1.39 billion, and operating cash outflow in the first half widened to $118 million from $79.57 million a year earlier.

The company had 1,975 Robotaxi vehicles globally at the end of the first half and is targeting more than 3,500 vehicles by the end of 2026.

TAC is examining a vulnerability incident on its Cosmos-based EVM sidechain, with the impact confined to the TAC token supply.

Odaily reports that the team is coordinating with TAC validators to temporarily halt blockchain operations and will issue updates on the investigation and the plan for restoring the chain.

The project urges users to rely solely on official channels for the latest information.

According to Foresight News, TAC said it is examining a vulnerability on its Cosmos-based EVM sidechain.

The incident reportedly affected only the TAC token supply.

The team is coordinating with TAC validators to temporarily pause the chain and will provide the investigation results and a recovery plan at a later date.

Syria's government condemned an Israeli strike on the village of Beit Jinn, located southwest of Damascus, saying a civilian vehicle was hit and several people were injured.

The attack marked the second reported Israeli strike on Syria in the past week, with Damascus calling it a violation of its sovereignty and international law.

The Israeli military said on X that it had targeted a terrorist in the final stages of preparing attacks that posed an immediate threat to soldiers.

The latest incident followed reports that Israel struck the Abu al-Duhur military airbase near the Turkish border, a development Syria warned could raise tensions in the region.

The United States issued a rare rebuke, describing the earlier strike as an unnecessary escalation that did not advance regional stability.

Galaxy Research identifies the 50-week moving average for Bitcoin at about $82,470 and considers it a key threshold for assessing whether the current bear market has ended.

Odaily notes that a weekly close above roughly $82,000 would bolster the view that the June 30 low marked a bottom.

The firm analyzed completed Bitcoin bear markets since 2011 and found that Bitcoin revisited the 50-week moving average 13 times, with 11 of those instances avoiding a new closing low. By contrast, the 50-day moving average offers a quicker signal but failed in 43 of 106 retests.

As of August 22, Bitcoin traded around $77,190, about 30% above the June 30 low and roughly 6% below the 50-week moving average.

In longer bear markets, the first successful return to the 50-week moving average typically occurred between 130 and 284 days after the bottom, with Bitcoin rising about 63% to 80% over that period.

Strive vice president Joe Burnett, per Odaily, argues that altcoins usually provide tokenized exposure to protocol fees or staking economics and are often driven by speculation and limited liquidity. He emphasizes that Bitcoin treasury companies operate differently because owning Bitcoin represents a real balance‑sheet asset rather than a token with speculative value.

Burnett describes a scenario in which Bitcoin climbs faster than a company’s cost of capital, allowing the firm to use dollar‑denominated debt to buy more Bitcoin and lift net asset value per share at a rate that could outpace Bitcoin itself. A premium or discount to NAV, he notes, creates capital‑market tools such as issuing new shares to fund Bitcoin purchases, repurchasing shares when they trade below NAV, and leveraging debt to expand Bitcoin holdings.

These mechanisms can work in concert and do not require Bitcoin to rise for the strategy to be effective. Burnett compares the setup to Bitcoin futures, where futures often trade at a premium to the spot price due to demand for leveraged long exposure.

He adds that the premium itself matters because a larger premium provides more room to increase per‑share Bitcoin holdings, potentially supporting a higher premium and further growth in per‑share holdings. The key question, he says, is not whether a premium should exist but how large it should be.