Tokenization paperwork and venue plumbing moved more than the tape did. SEC staff told Franklin Templeton it would not recommend enforcement if registered funds hold the firm’s onchain government money fund for cash management without physical-vault custody rules. Goldman Sachs agreed to buy NEOS, a shop whose options-income lineup includes bitcoin and ether ETFs, for up to $2.25 billion. New York City’s Council opened a marketing probe of Kalshi, Polymarket, Coinbase, and Gemini Titan. A Teraswitch routing fault knocked a large slice of Solana validators offline before finality broke.
As of the 00:30 UTC market snapshot on August 13, 2026, bitcoin traded around $63,526 (−0.3% over 24 hours), ether around $1,879.99 (−0.1%), and solana around $75.71 (−0.9%). Global crypto market cap sat near $2.27 trillion. Below are the primary documents. For more tape context, see our market snapshot guide and the spot ETF glossary.
SEC staff clears Franklin funds to hold onchain cash without vault rules
The SEC Division of Investment Management told Franklin Templeton on August 12 that staff would not recommend enforcement under Investment Company Act section 17(f) and Rule 17f-2 if registered Franklin funds hold shares of the Franklin OnChain U.S. Government Money Fund for cash management without complying with the physical-vault paragraphs of the self-custody rule. The onchain fund is a Rule 2a-7 government money market fund. Franklin Templeton Investor Services keeps the official shareholder file in an integrated book-entry plus blockchain system, with Stellar as the primary public chain, and it would hold each investing fund's private keys. Staff analogized the setup to a 1992 Franklin no-action letter on affiliated book-entry master-feeder shares. The letter is staff-level and fact-specific. It does not rewrite Rule 17f-2 for every issuer.
NYC Council probes prediction-market ads at Kalshi, Polymarket, Coinbase, Gemini
New York City Council Speaker Julie Menin opened an investigation on August 12 into marketing by Kalshi, Polymarket, Coinbase, and Gemini Titan. Official letters ask how those platforms advertise to New Yorkers, with a focus on tactics that may be false, deceptive, or aimed at young people. Council Member Harvey Epstein, who chairs Consumer and Worker Protection, said the Council will weigh whether new consumer-protection legislation is needed. The inquiry sits beside New York's existing fight with Kalshi over sports event contracts. It is a city marketing probe, not a CFTC product ban.
Goldman agrees to buy NEOS for up to $2.25B, adding crypto income ETFs
Goldman Sachs announced on August 12 an agreement to acquire NEOS Investments for up to $2.25 billion in cash and equity, subject to performance and service commitments. NEOS managed $30 billion across 19 options-based income ETFs as of June 30, 2026. Its public fund list includes the Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI), and Ethereum High Income ETF (NEHI). Those products use options on other exchange-traded products rather than holding bitcoin or ether in the fund. Close is targeted for the first quarter of 2027, pending regulatory approval. Co-founders Troy Cates and Garrett Paolella are slated to join Goldman Sachs Asset Management as partners.
BitGo posts a $19M Q2 loss as CFO Edward Reginelli plans a September exit
BitGo Holdings furnished Q2 2026 results on August 12 and disclosed that CFO Edward Reginelli told the board on August 10 he will resign effective September 15, 2026, with no disagreement cited. Net loss was $19.0 million, versus $38.3 million of net income a year earlier, while adjusted EBITDA was −$4.2 million. Headline revenue of $4.33 billion sat against $4.29 billion of direct digital-asset costs, so the operating story is the thin spread, not the top line. Management said it expects about $15 million of annualized cash savings and authorized a share repurchase program of up to $50 million. Normalized assets on platform were $65.2 billion, with 5,833 clients.
Teraswitch routing fault pushed Solana close to a finality halt
Teraswitch said a malformed default route from its Miami site, re-advertised by an Amsterdam route reflector, blackholed internet reachability at 12 European and Asia-Pacific sites overnight. Engineers isolated Miami within 10 minutes and restored service at 04:16:15 UTC on August 12. Staking protocol Marinade said 28.83% of staked SOL went delinquent across 90 validators, short of the one-third threshold it said would stop finality, and that 94% of the 118.89 million SOL on Teraswitch's AS20326 went dark. Marinade put combined missed rewards at 333 SOL. Solana's public status page listed no incident. Teraswitch later said it deployed a global edge-to-core change so a malformed default cannot strand a site again.
Coinbase ends DAI, USDC, and cbETH deposits on selected networks August 17
Coinbase status posts on August 12 said the exchange will stop Dai deposits and withdrawals on Avalanche, Arbitrum, and Optimism on August 17, while DAI remains available on Ethereum. The same day it said USDC deposits and withdrawals on Noble will end, with USDC still supported on Ethereum, Base, Solana, Arbitrum, Optimism, and Polygon. Coinbase Wrapped Staked ETH (cbETH) deposits and withdrawals on Arbitrum, Optimism, and Polygon also end August 17, with Ethereum and Base remaining live. Funds sent to Coinbase deposit addresses on the dropped networks after that date may not be recoverable. This is a network-rail cleanup, not a delisting of the assets on Coinbase.
Forward Industries lifts its Solana treasury to about 7.8 million SOL
Forward Industries, which calls itself a Solana treasury company, reported fiscal third-quarter results on August 12. Holdings rose by 508,618 SOL in the quarter ended June 30, then by about 254,000 SOL from July 1 through August 3 at an average cost near $75, bringing the stack to 7,807,022 SOL and SOL equivalents, or about 1.3% of circulating supply. SOL per share on a fully diluted basis increased to 0.0730 at quarter-end from 0.0669, then to about 0.0754 by August 3. The company staked nearly all of the stack to the Forward Validator and booked about 106,000 SOL of staking rewards in the quarter. GAAP net loss was $69.0 million, or $0.80 per share. Cash was about $11.0 million against SOL carrying value of about $556.9 million at June 30.
Ethresear.ch maps four ways EIP-7999 could price EVM gas
An August 12 Ethresear.ch post walks through four designs for reconciling EIP-7999's multidimensional fee market with the EVM's single scalar gas meter. The options are aggregate EVM gas, a multidimensional subfee market, universal overflow, and an updated EVM that exposes separate execution, state, and data budgets. The core tension is familiar to fee-market readers: each resource wants its own base fee, while legacy GAS and CALL(g) still assume one number. Aggregate EVM gas changes the least inside the client, but it can force a conservative funding check at the highest resource price. None of the four is a scheduled hard fork. The post is a design comparison ahead of Glamsterdam-era metering work, including how EIP-8037's state-gas reservoir already hides capacity from GAS.
