Crypto news on August 13, 2026

1. 0102:00 UTC

   Project Pigeon consortium launches APAC permissionless blockchain working group

   2 outlets · first: The Hindu - Business Line Regulation

   Machine summary The consortium said the initiative follows the Monetary Authority of Singapore's April 2026 consultation paper on the prudential treatment of crypto assets on permissionless blockchains, and that Baker McKenzie serves as official secretariat.

   1. The Project Pigeon consortium announced the formation of "Project Pigeon: A Working Group for Permissionless Blockchain Governance in APAC", according to the consortium.
   2. According to the announcement, the working group aims to develop a framework structured around four risk pillars, each led by a designated consortium co-convenor.
   3. The consortium said Baker McKenzie serves as official secretariat, and that the effort will culminate in an industry guide titled "Pigeon Permissionless Blockchains".

   Reported by The Hindu - Business Line and portal.sina.com.hk.

   • Monetary Authority of Singapore
   • Project Pigeon Consortium
   • Project Pigeon

2. 0207:45 UTC

   HTX Ventures report says Open USD shifts stablecoin economics to revenue sharing

   2 outlets · first: finanznachrichten.de DeFi Mostly press releases

   Machine summary The HTX Ventures report says Open USD (OUSD) shifts stablecoin economics from issuer-only reserve yields to participant revenue sharing.

   1. Open USD (OUSD) was unveiled on June 30, 2026, according to the release.
   2. By April 2026, Visa's stablecoin settlement pilot had an annualized run rate of about $7 billion, spanning nine blockchains.
   3. Open Standard's framework lets enterprises mint and redeem OUSD at no cost and with no volume caps; it imposes a modest management fee.
   4. The report states that stablecoin issuers currently retain all reserve yields from cash and short-term Treasury allocations.
   5. Swift, the Canton Network, Fnality, and Project Agorá are exploring tokenized deposits and central bank money settlement in shared environments.

   Reported by finanznachrichten.de and Pr Newswire.

   • Visa
   • SWIFT
   • HTX
   • Canton Network
   • Project Agorá
   • Open Standard

3. 0308:30 UTC

   Bifu's 2-Engine Trading Network Targets Web2-to-Web3 Bridge

   2 outlets · first: Aninews Exchange

   Machine summary Bifu is repositioning from a single exchange into a trading network with a dual asset engine—brokerage for CFDs and prediction markets plus self-built liquidity—and describes itself as a bridge between Web2 and Web3. Bifu's CEO said financial equality is a differentiator. The interview provided no user or volume metrics.

   1. The CEO said Bifu bundles market-return opportunities that were previously mostly available to professional institutions into products for ordinary users, instead of keeping them for a small group.
   2. Asset expansion runs on two tracks: a brokerage engine connecting to external liquidity in mature pricing markets such as CFDs and prediction markets, and a second self-built liquidity engine.
   3. Bifu describes itself as a bridge from Web2 to Web3 and states that Web2 and Web3 exchanges have not truly converged, that on-chain markets remain fragmented and difficult to use, and that traditional platforms concentrate authority.
   4. The company says starting from Web2 is the practical choice for now, with a stated long-term goal of sharing authority with users and a trustless endgame; a brand renewal is also underway.

   Reported by Aninews and milwaukeesun.com (Big News Network).

   • prediction markets
   • Bifu
   • Web2-to-Web3 bridge
   • CFDs

4. 0400:02 UTC

   Yellow Card Secures $40M and Swiss AML Nod to Scale Stablecoin Rails

   1 outlet · first: punchng.com Regulation

   Machine summary Yellow Card raised $40m, holds a South African CASP license, and has Swiss AML recognition. The company is extending USDT/USDC-based settlement from Africa into Latin America and Asia-Pacific.

   1. Yellow Card announced a $40m strategic Series C funding round to support global expansion, Global USD Accounts, and stablecoin rails.
   2. The company is deepening its presence in Latin America and Asia-Pacific while keeping Africa central to its strategy.
   3. Yellow Card stated it had become one of the earliest crypto asset service providers to receive a CASP license issued by South Africa's Financial Sector Conduct Authority.
   4. The company obtained anti-money laundering affiliation within Switzerland while operating as a supervised financial intermediary.
   5. Persistent FX volatility and dollar liquidity shortages across major African economies are associated with businesses turning toward USDT and USDC for cross-border trade settlement.

   Reported by punchng.com.

   • USDT
   • USDC
   • Global USD Accounts
   • Yellow Card
   • Financial Sector Conduct Authority

5. 0518:30 UTC

   Bitazza achieves travel rule readiness with Sumsub, reports say

   1 outlet · first: vietnamtribune.com (Big News Network) Regulation

   Machine summary Bitazza has achieved travel rule readiness with Sumsub, according to reports. The reports describe the development as part of Thailand's advance toward global digital asset standards.

   1. Bitazza achieved travel rule readiness with Sumsub, according to reports
   2. The reports state Thailand is advancing toward global digital asset standards

   Reported by vietnamtribune.com (Big News Network) and asiabulletin.com (Big News Network).

   • Sumsub

Each summary and its key facts are a machine summary of the reports linked under it; the outlets, times and counts come from those reports' own records. How a rundown is built.