"Charles Schwab to add Solana, Avalanche and Chainlink" Aug 28, 2026

Charles Schwab is set to add Solana, Avalanche, and Chainlink to its crypto platform, responding to client demand for a broader range of cryptocurrency investment options alongside traditional assets. This move is part of Schwab's strategy to enhance its offerings in the cryptocurrency space, leveraging its substantial client base of over $12 trillion in assets and 39 million active brokerage accounts.

The addition of these cryptocurrencies is expected to significantly boost retail distribution for Solana, Avalanche, and Chainlink, which could lead to increased trading activity on the Schwab platform. Currently, Schwab charges 75 basis points per transaction, and this expansion may attract more investors looking to diversify their portfolios with these digital assets.

In a contrasting development, Public Citizen has reported that investors in five crypto ventures linked to former President Trump are facing substantial losses, totaling at least $4.7 billion. The most significant losses are attributed to a Trump meme coin, which has resulted in approximately $3 billion in losses across 1 million of 1.6 million retail wallets. Additionally, World Liberty Financial is associated with at least another $1 billion in losses, highlighting the volatility and risks associated with certain crypto investments.

In the UK, the HMRC has revealed that 240 individuals reported crypto capital gains exceeding 1 million pounds during the 2024 to 2025 tax year. A total of 17,600 individuals reported crypto disposal proceeds amounting to 13 billion pounds, with an average gain of 78,000 pounds. This data underscores the growing significance of cryptocurrency in the financial landscape and the potential tax implications for high-earning investors.

Evernorth Holdings has announced that the SEC has declared its form S4 registration effective, marking a crucial regulatory milestone for its planned NASDAQ listing. However, the merger with SPAC Armada Acquisition Corporation still requires shareholder approval, with expectations for the merger to close in the late third quarter or early fourth quarter of 2026. This development reflects ongoing activity in the SPAC market and the regulatory hurdles that companies face in pursuing public listings.