Bitcoin is outperforming stocks and correlating with gold just when it matters most

Your day-ahead look for Aug. 28, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Your day-ahead look for Aug. 28, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Ethena, the issuer of the $4 billion USDe stablecoin, is expanding its yield strategy beyond cryptocurrency derivatives. The firm is targeting real-world asset perpetuals, particularly equity-based instruments, as a new source of backing for its token. Ethena expects these real-world asset perpetuals to surpass crypto derivatives in its reserve composition within the next 12 to 24 months. The move reflects growing institutional interest in tokenized real-world assets as viable yield-generating instruments in the digital asset space.

Japanese financial giant SBI Holdings is acquiring a 20% stake in Indonesian online brokerage Ajaib for $270 million. The deal is aimed at building a cross-border, blockchain-based settlement network across Southeast Asia. SBI intends to leverage the partnership to expand the reach of its yen-backed stablecoin in the region. The investment marks a significant step in SBI's broader strategy to integrate digital assets into international financial infrastructure.

Stablecoin issuer Circle has secured a jersey sponsorship deal with Chelsea Football Club, marking the first such partnership between a cryptocurrency firm and a Premier League team. The deal places Circle's USDC stablecoin branding on Chelsea's playing kit. The financial terms of the agreement were not publicly disclosed by either party. Earlier reports had indicated that Chelsea was seeking approximately 65 million pounds, or around $88.3 million, annually for the sponsorship slot.

Cryptocurrency platform Bullish has committed a $100 million financing facility to USD.AI, a lending firm focused on artificial intelligence infrastructure. The capital will be used to fund GPU-backed loans, enabling businesses to secure financing using graphics processing units as collateral. The deal highlights growing institutional interest in bridging crypto-native capital with AI infrastructure demand. This move positions Bullish as an active participant in the emerging intersection of digital asset finance and AI hardware lending.

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