• Bitcoin recovered from around $63,600 on 4 August to the mid-$64,000s by the end of the week, putting it on course for its first weekly gain in three weeks before trading around $65,000 on 10 August.
• Overall market capitalisation stood at approximately $2.19tn on 11 August, while Bitcoin dominance was around 58.7%, leaving overall market structure broadly stable despite intra-week volatility.
• Strategy disclosed the sale of 1,690 Bitcoin for approximately $108.6m, with proceeds directed toward preferred-share repurchases as the company continued to prioritise liquidity and balance-sheet management over fresh Bitcoin accumulation.
• Macro conditions however continued to be a market constraint as geopolitical uncertainty continued to support higher oil prices, and investors awaited US inflation data for the next signal on the interest-rate outlook.

Bitcoin ETFs record strongest weekly inflows since April

• US spot Bitcoin ETFs recorded approximately $854m of net inflows over the week, their strongest weekly total since April, with BlackRock’s IBIT accounting for roughly $693m.
• The reversal is notable after the heavy ETF outflows highlighted last week and came while Bitcoin itself remained comparatively range-bound, rather than following a major price breakout.

Schroders to launch its first tokenised fund share class with J.P. Morgan’s Kinexys

• Schroders received approval from the Central Bank of Ireland to launch its first tokenised share class for a US dollar money-market fund, supported by J.P. Morgan’s Kinexys tokenisation platform.
• The structure will allow investors to use smart contracts for transactions including redemptions and transfers, with Schroders identifying future applications across collateral and 24/7 treasury and liquidity management.
• The approval represents another step in the adoption of blockchain infrastructure by traditional asset managers, extending tokenisation beyond fund issuance towards the movement and use of assets within institutional financial markets.

Robinhood secures FCA approval to launch crypto trading services in the UK

• Robinhood secured FCA approval to provide crypto trading services in the UK, clearing a key regulatory hurdle for its planned expansion into digital assets.
• The approval will allow Robinhood to offer UK customers crypto trading alongside its existing equities offering, broadening its proposition beyond traditional securities.

Visa brings stablecoin payments via Visa Direct to almost 200 Countries

• Visa expanded the use of stablecoins across Visa Direct through an integration with Zero Hash, enabling eligible clients to use stablecoins for prefunding and payouts.
• The development embeds stablecoin functionality within an established global payments network rather than creating a separate crypto-native rail, extending digital-dollar settlement into cross-border money movement.

Wells Fargo plans to launch tokenised deposits for corporate clients in Autumn 2026 

• Wells Fargo plans to introduce tokenised deposits for corporate and commercial clients, initially supporting US dollar and sterling transactions.
• The bank is targeting a launch from Autumn 2026, with the blockchain-based deposits designed to enable 24/7 transfers, faster settlement and programmable payments, including cross-border use cases.

This weekly financial roundup is for informational purposes only and is not financial, investment, or legal advice. Information is taken from public sources and Nickel takes no responsibility for its veracity. The information was sourced around the time of publication but may become out of date, even over short periods of time. Consult a professional before acting.