What Happened in Crypto — August 28, 2026
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Kalshi takes legal blow in court ruling confirming state powers over prediction markets
A federal court ruling has affirmed that state regulators retain the power to ban or restrict prediction markets, creating a major legal hurdle for platforms operating nationwide.
Source: CoinDesk: Bitcoin, Ethereum, Crypto News - 2
Solana vote to double disinflation passes by a hair in dramatic finish
Solana validators have approved a proposal to accelerate the network's disinflation rate, which will permanently reduce the issuance rate of new tokens.
Source: CoinDesk: Bitcoin, Ethereum, Crypto News - 3
BitGo to buy NYDIG trading arm for $42.5M in cash and stock plus $15M earnout
BitGo is acquiring the trading division of NYDIG for up to $57.5 million, consolidating institutional crypto trading and custody services under one provider.
Source: CoinDesk: Bitcoin, Ethereum, Crypto News - 4
SBI buys 20% stake in Indonesia's Ajaib for $270 million to expand yen stablecoin in Southeast Asia
Japanese financial giant SBI has acquired a $270 million stake in Indonesian brokerage Ajaib to expand the reach of its yen-pegged stablecoin across Southeast Asia.
Source: CoinDesk: Bitcoin, Ethereum, Crypto News - 5
Visa doubles down on South Korea with Upbit operator Dunamu on stablecoin payments
Visa has partnered with South Korea's largest crypto exchange operator to integrate stablecoin payments and Web3 technology into traditional commerce.
Source: CoinDesk: Bitcoin, Ethereum, Crypto News - 6
Circle's USDC takes over Chelsea's jersey in Premier League first sponsorship deal
Circle has secured a major sponsorship deal with Chelsea FC, marking the first time a stablecoin issuer will feature on a Premier League team's jersey.
Source: CoinDesk: Bitcoin, Ethereum, Crypto News - 7
California Senate passes bill to ban memecoin issuance by public officials
The California Senate has passed a bill that legally prohibits public officials from issuing or promoting memecoins, setting a new regulatory boundary for government employees.
Source: Cointelegraph.com News - 8
The Sandbox pledges 1:1 repayment after $700K bridge exploit
The Sandbox has committed to fully reimbursing users after a bridge exploit resulted in a $700,000 loss.
Source: Cointelegraph.com News