$COIN

The article says a White House meeting next week will bring together crypto executives including Coinbase, Ripple, Gemini, Robinhood, Polymarket and Kalshi with CFTC and SEC chairs, plus possible attendance by Treasury and Commerce officials, according to Politico, Bloomberg and Coindesk. It links the event to U.S. crypto regulation, the failed Clarity Act vote, and bitcoin trading around $60,000 after a roughly 50% drop since October.

The article says a dispute over whether stablecoin platforms can pay rewards to holders is resurfacing in U.S. legislation. Bank lobbyists are pushing changes to the Senate’s Clarity Act, arguing higher stablecoin yields could drain deposits needed for lending. It cites JPMorgan CEO Jamie Dimon and CoinDesk analysis, and notes FDIC data showing record 2026 Q1 bank profits of $80.5 billion.

Coinbase Global received Financial Services Permission from Abu Dhabi’s ADGM regulator to set up an international tokenization hub. The hub would let Coinbase arrange deals in investments and custody fully backed tokenized securities with shareholder rights. The article cites forecasts of $8.5B revenue and $2.1B earnings by 2028 and discusses risks from trading volumes and losses.

Coinbase said it received a Financial Services Permission from ADGM’s FSRA to set up an international tokenisation hub in Abu Dhabi. The license allows it to arrange deals and provide custody to launch tokenised securities backed by underlying shares under FSRA supervision. Coinbase also said token holders get shareholder rights and transfers undergo sanctions screening.

Trump, SEC Chair Paul Atkins and CFTC Chair Michael Selig are expected to meet crypto and prediction-market executives at the White House Aug. 19, including Coinbase, Ripple, Chainlink, Kalshi, Paradigm and others. The meeting follows a drop in odds for the CLARITY Act, with Polymarket implying about 19% for 2026 and Galaxy Digital estimating 10% for this year.

Bloomberg reports President Trump will host crypto and market-infrastructure CEOs at the White House on Aug. 19, including Coinbase, Ripple, Gemini, Robinhood, Polymarket, Kalshi and Kraken, with CFTC Innovation Advisory Committee meeting set for Aug. 20. CFTC Chair Mike Selig and SEC Chair Paul Atkins are expected. CFTC scrutiny includes mention markets and insider-trading enforcement.

Coins.ph said it partnered with Bayad to directly integrate Bayad’s biller network into its app, nearly doubling available billers to about 300 merchants across utilities, government services, telecoms, travel, banking and other recurring payments. Coins.ph expects faster processing and real-time posting for major billers within 24 hours, reducing third-party intermediaries.

President Donald Trump plans a White House meeting next week with CEOs from crypto, prediction markets and AI, including Coinbase, Ripple, Gemini, Robinhood, Polymarket and Kalshi, plus leaders from CME Group, Nasdaq, ICE and DTCC, according to CoinDesk. The meeting precedes the CFTC’s new Innovation Advisory Committee inaugural session on Thursday, with CFTC Chair Mike Selig expected to attend. The agenda ties to the Digital Asset Market Clarity Act and Senate ethics negotiations.

The article compiles weekly crypto updates. Ethereum Foundation says it will stop advancing Poseidon for L1 hashing, targeting SHA/BLAKE instead. It cites Robinhood Chain NFT volume at $3.13M/day, TVL $473M, and Hyperliquid HLP TVL $188.7M. It also covers ENS DAO governance, Jupiter Lend v2 on Solana, and other protocol and security items.

Morgan Stanley’s Q2 Form 13F shows it held 16.5 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) worth about $549M as of June 30, up 23% from 13.4M in March. The position’s value fell about 18% from ~$667M as bitcoin weakened. The filing also lists MSBT shares and other crypto-related holdings.