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On August 24, stablecoin digital bank Fasset announced the completion of a $68 million funding round 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-over-year in the past year, and it has achieved profitability for 12 consecutive months, although specific revenue and profit figures were not disclosed. (CoinDesk)

On August 24, Bloomberg reported that SoftBank plans to issue a record $6.3 billion in retail bonds in Japan to help finance its substantial investment commitment to OpenAI.

On August 24, Bloomberg reported that SoftBank plans to issue a record $6.3 billion in retail bonds in Japan to help fund its substantial investment commitment to OpenAI.