Cryptocurrency
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 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.
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.
Ether is rallying strongly, reaching above $4,400 by mid-2025, with significant accumulation by digital asset treasury firms and optimism around upcoming Ether ETFs. This surge highlights Ethereum's growing appeal as an innovative technological platform distinct from Bitcoin's role as digital gold.
Do Kwon, founder of Terraform Labs, admits guilt in major U.S. charges linked to the 2022 TerraUSD and Luna crypto crash, facing conspiracy and fraud allegations.
In August 2025, the cryptocurrency market surged to a $4.06 trillion valuation, exceeding Microsoft's market cap. Bitcoin dominates with a $2.5 trillion valuation, fueled by strong macroeconomic conditions, U.S. legislative support, and institutional adoption. While the U.S. embraces crypto in pension funds and major banks invest heavily, Europe remains cautious about financial stability risks. Bitlet.app offers innovative crypto services like Crypto Installment to ease investments in this booming market.