You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
A power struggle has emerged at Ondo Finance following the death of its founder, Nathan Allman. Three separate filings in a Delaware court have brought the dispute to light. The legal documents indicate competing parties are contesting control of the blockchain finance firm. The situation underscores the governance vulnerabilities that can arise in crypto ventures when a founding leader dies unexpectedly.
Stablecoin issuer Tether is expanding its tokenization business into Saudi Arabia. The company will initially focus on tokenizing institutional real estate assets in the kingdom. Tether has indicated plans to broaden its scope to other asset classes beyond real estate over time. The move marks a significant step in Tether's strategy to grow its tokenization operations in the Middle East.
Hyperliquid crypto ETFs saw strong investor demand during May and June, leading inflows among crypto funds in that period. However, according to JPMorgan, that momentum faded significantly in July and August. The bank attributed the slowdown to intensifying competition in the crypto ETF space. The development signals a shift in investor appetite away from Hyperliquid-focused products as more alternatives emerge.
Your day-ahead look for Aug. 6, 2026
Discussion (0)
Log in to join the discussion and vote.
Log in