Daily Market Wrap | Aug. 18

Hot Topics

• FED terminated its 2023 crypto and fintech bank oversight program, shifting supervision to standard regulatory frameworks.
• Grayscale filed to convert its Dogecoin Trust into an ETF, ticker GDOG, on NYSE Arca, pending SEC approval.
• UAE airlines like Emirates and Air Arabia now accept cryptocurrency for flight bookings
• Zelenskiy and European allies meet Trump on August 18, 2025, to discuss Russia peace deal and security guarantees.
• Japan’s FSA is set to approve JPYC’s yen-pegged stablecoin this fall, targeting $6.78B issuance over three years.

Market Updates

• Wellgistics Health Inc. launched an XRP Ledger-based payment system for 6,500 pharmacies for instant, low-cost drug payments.
• Gemini filed for an IPO on August 15, 2025, to list Class A shares on Nasdaq under GEMI, with the Winklevoss twins retaining control.