SANTASanta Price

On August 24, stablecoin digital bank Fasset announced the completion of $68 million in funding led by Japan's SBI Group, bringing the company's valuation to $1 billion. Including the $51 million raised in May, Fasset has accumulated $119 million in funding this year. Co-founder and CEO Mohammad Raafi Hossain stated that the company's annualized transaction volume has exceeded $40 billion, covering 125 countries, with revenue growth of approximately six times year-on-year over the past year, and has achieved profitability for 12 consecutive months, although specific revenue and profit figures were not disclosed.

On August 24, as Bitcoin prices surged, spot Bitcoin ETFs recorded their strongest weekly inflow in 10 months. Data shows that 13 funds listed in the U.S. attracted a net inflow of $1.92 billion, marking the highest record since October of last year. This influx coincided with a roughly 23% increase in Bitcoin prices last week, the largest weekly gain in over three years.

On August 24, stablecoin digital bank Fasset announced the completion of $68 million in funding led by Japan's SBI Group, bringing the company's valuation to $1 billion. Including the $51 million raised in May, Fasset has raised a total of $119 million this year. Fasset's co-founder and CEO Mohammad Raafi Hossain stated that the company's annual trading volume has exceeded $40 billion, covering 125 countries, with revenue growth of approximately six times year-on-year over the past year, and it has achieved profitability for 12 consecutive months, although specific revenue and profit figures were not disclosed.