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China is exploring yuan-backed stablecoins to internationalize its currency, marking a significant shift from its past crypto policies. The plan focuses on regulatory frameworks and deployment in major cities like Hong Kong and Shanghai, aiming for low-cost global transactions amid rising geopolitical and economic challenges.
Gemini launched its IPO despite significant losses, while the crypto sector sees major regulatory and market shifts including grassroots advocacy, Federal Reserve policy changes, new stablecoin approvals, and other company IPO moves. Discover how these affect your crypto investments and opportunities like Bitlet.app's Crypto Installment service.
Do Kwon, known as the cryptocurrency king, admitted guilt in a Manhattan federal court for fraud related to the $40 billion Terraform Labs collapse, impacting global investors.
The DeFi Education Fund and a16z Crypto suggest the SEC establish a safe harbor for DeFi apps that neither hold user funds nor provide investment advice, aiming to promote innovation and offer regulatory clarity in the DeFi ecosystem.
The U.S. dollar fell to multi-week lows due to expectations of Federal Reserve rate cuts, while Bitcoin surged past $124,000 driven by institutional investments and regulatory support. Global currencies like the British pound, euro, and Australian dollar also strengthened against the dollar amid mixed economic data and policy signals.
Bitcoin surged to an all-time high of $124,480 driven by increased corporate purchases and institutional investments, boosted by supportive U.S. policies. However, a slight price dip followed after inflation concerns. Ether also reached new heights during this bullish trend.
Bitcoin reached an all-time high of $124,002.49 on August 14, 2025, driven by expectations that the U.S. Federal Reserve will resume interest rate cuts. This shift weakened the U.S. dollar and boosted risk assets globally.
Bitcoin surged to a record $124,002.49 driven by expectations of Federal Reserve rate cuts and U.S. crypto regulatory reforms. Ether also hit its highest level since 2021, reflecting growing institutional interest and crypto integration into retirement accounts, pointing to a bullish crypto market ahead.
Standard Chartered has increased its Ether price prediction to $7,500 by the end of 2025, driven by industry growth and regulatory support like the Genius Act. Recent Ether price surges highlight growing crypto acceptance.
Do Kwon, the South Korean crypto entrepreneur behind Terraform Labs, has pleaded guilty to fraud charges linked to the $40 billion collapse of TerraUSD and Luna. He faces up to 12 years in prison and significant asset forfeiture, marking a major moment in crypto fraud accountability.
In August 2025, the cryptocurrency market hit a $4.06 trillion capitalization, led by Bitcoin's $2.5 trillion share. This growth is driven by favorable US policies and institutional adoption, with Bitlet.app offering installment plans to join the crypto surge.
Do Kwon, the creator of TerraUSD and Luna, pleaded guilty to fraud charges related to the $40 billion crypto collapse. He admitted misleading investors and faces up to 12 years in prison under a plea deal. The case highlights ongoing risks in cryptocurrency markets and the importance of transparency.