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China Considers Yuan-Backed Stablecoins to Challenge Dollar Dominance in Crypto

China Considers Yuan-Backed Stablecoins to Challenge Dollar Dominance in Crypto

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China’s State Council is set to review a roadmap later this month that could approve yuan-backed stablecoins to expand the currency’s global reach. The move marks a potential reversal from China’s 2021 crypto ban, driven by efforts to counter U.S. dollar-backed stablecoins dominating 99% of the market. Hong Kong and Shanghai are identified as key hubs for rollout, aligning with recent regulatory frameworks in Hong...

Front page, News, Regulation, Stablecoins

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Bitcoin Dips Below 3K Amid Heavy ETF Outflows - Ethereum Feels the Pressure

Bitcoin Dips Below $113K Amid Heavy ETF Outflows, Ethereum Feels the Pressure

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Bitcoin price decline: BTC slipped below $113,000 on August 19, driven by retail panic selling and substantial ETF outflows totaling nearly $1 billion across Bitcoin and Ethereum funds. Ethereum ETF shifts: Ethereum-focused ETFs recorded significant outflows, reflecting broader market pullback and institutional caution. Market sentiment: Retail traders turned “ultra bearish,” but analysts see the dip as a potential...

Bitcoin, Ethereum, Front page, News

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Ethereum Backers Deploy Billions into Wall Street Integration

Ethereum ETFs Surge with Record Inflows as Backers Deploy Billions into Wall Street Integration

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Ethereum ETFs dominated last week’s crypto inflows with $2.87 billion, representing 77% of the total $3.75 billion across digital asset products. Spot Ethereum ETFs outpaced Bitcoin counterparts for the fifth consecutive day, adding $3.4 billion versus $966 million for Bitcoin funds. Major Ethereum supporters, led by BitMine Immersion Technologies, are holding over $6 billion in Ether to expand into traditional finance,...

Ethereum, Front page, News

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US Bitcoin Treasury Revised

US Treasury Secretary Revises Bitcoin Treasury Stance

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US Treasury Secretary Scott Bessent initially stated the government would not purchase additional Bitcoin for its strategic reserve, relying solely on seized assets valued at $15-20 billion. He later clarified that budget-neutral methods to acquire more BTC are still under exploration, reversing earlier remarks that caused a sharp market dip. Bitcoin and Ethereum prices fell over 3% and 2% respectively following the initial...

Bitcoin, Front page, News

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Spot Ether ETFs Hit Record B Daily Inflows Amid Surging Institutional Interest

Spot Ether ETFs Hit Record $1B Daily Inflows Amid Surging Institutional Interest

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Spot Ether ETFs saw $1.02 billion in net inflows on Monday, the highest single-day figure since launch. BlackRock’s ETHA led with $640 million, followed by Fidelity’s FETH at $277 million. Cumulative inflows now exceed $10 billion, signaling strong institutional adoption. U.S. spot Ethereum ETFs have achieved a new milestone, recording over $1 billion in net inflows in a single day for the first time. According...

DeFi, Ethereum, Front page, News

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