According to Cointelegraph, Trish Turner has stepped down as the head of the United States Internal Revenue Service’s (IRS) digital assets division, a position she held for approximately three months. Turner announced her resignation in a LinkedIn post, expressing gratitude for her two-decade-long career at the IRS. She highlighted the collaborative efforts in navigating complex challenges and establishing foundational programs for the IRS’s digital asset strategy, which has evolved from a niche focus to a mainstream concern. Turner is reportedly transitioning to the private sector, though she did not specify her next role in her announcement. However, Bloomberg Tax reported that Turner will join Crypto Tax Girl as the tax director. This move was confirmed by Crypto Tax Girl founder Laura Walter, who expressed enthusiasm about Turner’s upcoming contributions, especially in light of significant changes in crypto tax and compliance on the horizon. Turner’s departure comes shortly after her appointment in May, following the exits of Sulolit “Raj” Mukherjee and Seth Wilks, who were initially brought in from the private sector to lead the IRS’s crypto unit. Economist Timothy Peterson humorously remarked on Turner’s career shift, likening it to leaving the "Dark Side" to become a "Crypto Jedi Knight." The focus on crypto taxation in the U.S. has intensified, with the Department of Government Efficiency (DOGE) proposing a 20% reduction in the IRS workforce in March. Additionally, the House Committee on Ways and Means and Oversight Subcommittee leadership scheduled a July hearing to discuss necessary steps for establishing a tax policy framework for digital assets. Earlier, on April 11, U.S. President Donald Trump signed a resolution overturning a rule from the previous administration that would have mandated decentralized finance (DeFi) protocols to report transactions to the IRS. Cointelegraph attempted to contact Trish Turner for further comments but did not receive a response before publication.

Trish Turner is resigning as head of the IRS crypto division after just months, following two private-sector executives who served about a year. source: https://cointelegraph.com/news/irs-crypto-boss-trish-turner-resigns-after-3-months-in-the-role?utm_source=rss_feed&utm_medium=rss%3F_dc%3D1755924398615%26_%3D1755924398615&utm_campaign=rss_partner_inbound

According to PANews, blockchain analyst Yu Jin has reported recent activities by the Radiant Capital hacker. Three days ago, the hacker purchased 4,914 ETH for $4,167 each and has now sold 3,931 ETH at $4,726 each, converting them into 18.57 million DAI within the last two hours. The hacker's activities trace back to last year when $53 million was stolen and converted into 21,900 ETH at $2,420 each for storage. On August 14, the hacker sold 9,631 ETH at $4,562 each. This was followed by a purchase of 4,914 ETH at $4,167 each on August 20. Currently, the stolen assets, initially valued at $53 million, have appreciated to $104 million. This includes 13,300 ETH valued at $62.63 million and 42.03 million DAI.

Ripple partnered with SBI Holdings to bring its RLUSD stablecoin to Japan by the first quarter of 2026. The companies signed a memorandum of understanding on Aug. 22, positioning SBI VC Trade as the distribution partner for Ripple’s enterprise-grade stablecoin source: https://www.thecoinrepublic.com/2025/08/23/xrp-news-ripple-rolls-out-rlusd-stablecoin-in-japan-with-sbi/

دخلت Ripple في شراكة مع SBI Holdings لجلب عملتها المستقرة RLUSD إلى اليابان بحلول الربع الأول من عام 2026. وقّعت الشركتان مذكرة تفاهم في 22 أغسطس، مما جعل شركة SBI VC Trade شريك توزيع لعملة Ripple المستقرة على مستوى المؤسسات. source: https://www.thecoinrepublic.com/ar/2025/08/23/%d8%a3%d8%ae%d8%a8%d8%a7%d8%b1-xrp-%d8%b1%d9%8a%d8%a8%d9%84-%d8%aa%d8%b7%d8%b1%d8%ad-%d8%b9%d9%85%d9%84%d8%a9-rlusd-%d8%a7%d9%84%d9%85%d8%b3%d8%aa%d9%82%d8%b1%d8%a9-rlusd-%d9%81%d9%8a-%d8%a7%d9%84/

ETH hits new high! Treasury buys ETH, now what? "Keep buying" and "money makes money"

According to BlockBeats, Federal Reserve official Musalem emphasized the importance of focusing on the overall interest rate trajectory rather than decisions from individual meetings. Inflation remains above target levels and poses ongoing risks. The upcoming employment report may or may not justify a rate cut, depending on its specifics. The Federal Reserve's policy is moderately tightening, requiring more data and continuous adjustments to the interest rate outlook until the September meeting. While risks in the job market are increasing, they have not yet materialized. The inflationary impact of tariffs is expected to gradually diminish. The interest rate strategy may include pausing rate cuts, and if job market risks intensify, policy rates might need adjustment.

According to Foresight News, Hong Kong's Monetary Authority has issued a circular confirming the full implementation of new banking capital regulations based on the Basel Committee on Banking Supervision's crypto asset standards starting January 1, 2026. These regulations will encompass not only cryptocurrencies like Bitcoin and Ethereum but also real-world assets (RWA) and stablecoins. Industry experts highlight Ethereum as a prime example of permissionless blockchain technology, noting that most mainstream stablecoins and an increasing number of RWAs are typically issued on public blockchains. The anticipated implementation of these new regulations is expected to impact the willingness of Hong Kong's banking system to hold such stablecoins or RWAs. However, both the Basel Committee and Hong Kong's Monetary Authority have clarified that the Basel crypto asset standards generally do not impose credit risk or market risk regulatory capital requirements on banks for crypto assets held in custody for clients. This exemption is contingent upon the separation of clients' crypto assets from the bank's own assets.

Hong Kong announces Basel-based cryptocurrency regulations starting January 2026, impacting Bitcoin, Ethereum, and stablecoins. source: https://coincu.com/356816-hong-kong-basel-crypto-regulations-2026

Jito has partnered with asset management giant VanEck to submit an S-1 registration for the VanEck JitoSOL ETF, a product […] The post VanEck and Jito File First-Ever Solana Staking ETF – A DeFi Game-Changer? appeared first on Coindoo. source: https://coindoo.com/vaneck-and-jito-file-first-ever-solana-staking-etf-a-defi-game-changer/

Bitcoin continues to hold a bullish stance, but cautionary signals are starting to surface. source: https://ambcrypto.com/bitcoin-slips-yet-these-macro-signals-hint-at-a-btc-rebound/

AI+Crypto Investment Notes: Interest-oriented, safety cushion first.

Golden Finance has launched the 2794th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

The competition in stablecoins has shifted from issuance to distribution, with the Federal Reserve naming "stablecoins, smart contracts, and AI" as the three pillars of payment innovation.

Monetary policy, inflation, full text of Federal Reserve Chairman Powell's Jackson Hole speech, Golden Finance, the current economic situation and the near-term outlook for monetary policy.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

Observing the different technical paths of the Bitcoin ecosystem reveals that we are still in its developmental phase. Its true prosperity is still far from here. Therefore, the debate over the Bitcoin Layer 2 (L2) path has only just begun.

The launch of Stripe Tempo and Circle Arc marks a key turning point in the field of digital finance.

"The development of RWA should not be a race, but a long-distance race that requires patience and wisdom."

Pressure continues to build in the digital asset space, with a broad sell-off impacting major currencies. Derivatives activity is particularly active, leading to an increasingly sensitive and reflexive market structure.