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HIVE Digital Technologies recorded an $84.7 million noncash tax provision in Sweden after unfavorable court rulings prompted a change in its accounting assessment tied to disputed VAT exposure. The provision exceeded the company’s $79.1 million quarterly revenue and amounted to about 40.7% of its $208 million cash balance. HIVE received 1,004 BTC during the quarter, but the charge contributed to a $142.9 million GAAP net loss.

Trading Technologies (TT) said it will add connectivity to OG.com, Crypto.com’s CFTC-regulated exchange and clearinghouse, enabling institutional traders to access prediction markets via TT’s platform. The connection is expected to go live in the fourth quarter of 2026, according to the companies. TT also said it will support Crypto.com’s new margin-based cryptocurrency futures contracts when they launch. The deal comes as regulated prediction markets and digital-asset derivatives continue to expand in the United States, widening the set of venues available to institutional investors and other participants.

A Reuters investigation found that Binance voluntarily provided Russian authorities in 2025 with the personal and transaction data of an IT specialist, despite having announced a full exit from Russia in 2023. Russian officials later used the information as evidence in a case tied to his donations to the Ukrainian military. The disclosure has raised questions about Binance’s data-privacy commitments and compliance neutrality after it said it no longer had an obligation to share customer data in Russia.

Ripple-owned fintech platform Ripple Prime has completed a $275 million upsized financing round. The offering was oversubscribed. Proceeds will be used mainly to support its business expansion in the U.S. market. The funding is aimed at further advancing institutional-grade financial infrastructure across the Ripple ecosystem.

Tether’s audit has renewed questions about what backs its reserves and how much of the balance sheet is made up of non-cash holdings. About 13% of reserves are held in volatile assets such as precious metals and BTC, while the remaining non-cash portion includes secured loans and other investments. Cash and cash equivalents are down by more than 10% compared with the period when the New York Attorney General was scrutinizing the company, and roughly 25% of the balance sheet is in assets that are not cash equivalents, raising concerns about potential solvency risk. The auditor’s accounting treatment for BTC and other crypto assets, as well as the cost of the audit, have also been questioned.

Ark Invest founder Cathie Wood has publicly backed a potential Solana ETF as SOL moved above a key multimonth resistance level. Several major issuers are accelerating Solana ETF filings, signaling that traditional finance is positioning Solana as the primary high-performance Layer 1 alternative to Ethereum. The developments add to signs of institutional rotation toward high-throughput blockchains.

Whitechain said it is repositioning as a distribution-first Ethereum Layer 2 network backed by W Group, aiming to help Web3 projects reach and acquire users. The network opened its public testnet on August 18. It is also launching a funding application process and a migration track for builders and protocols. Eligible early-stage projects can receive up to $300K in funding.

South Korean regulators took divergent steps on the crypto market in the same day, approving Ripple’s partnership with Jeonbuk Bank and allowing its integration with the country’s banking system. The approval makes Ripple the first blockchain payments network in Korea to connect with a regional bank. Separately, a Korean media watchdog voted to block access to the prediction-market platform Polymarket.

U.S.-listed Bitcoin, Ether, Chainlink and Avalanche ETFs recorded net inflows on Aug. 17. Bitcoin ETFs saw $297.56M in net inflows, while Ether ETFs took in $30.85M. Chainlink ETFs added $2.07M and Avalanche ETFs logged $514.60K, pointing to net buying across these products on the day.

HIVE Digital Technologies used its fiscal first-quarter 2027 earnings call on Aug. 17 to emphasize it is expanding beyond Bitcoin mining into AI-focused computing. The company said it signed a five-year agreement with an unnamed investment-grade enterprise customer worth about $350 million, covering 2,016 Nvidia GB300 chips and adding about $70 million in annual recurring revenue. It said the deal brought contracted GPU cloud revenue to about $180 million, nearing its $200 million year-end target, while the segment accounted for roughly 10% of quarterly revenue versus 90% from Bitcoin mining.