BTCNews

The declaration follows a historic $1.15 billion public offering by the exchange Bullish , which opted for settlement in various stablecoins , showcasing the technology's potential to modernize capital market infrastructure. NEW YORK – Crypto exchange Coinbase has championed stablecoins as a superior alternative to traditional financial systems, highlighting their speed, cost-efficiency, and global accessibility. The assertion came in the wake of a landmark $1.15 billion Initial Public Offering (IPO) by the exchange Bullish , which chose to receive its proceeds entirely in stablecoins instead of conventional cash. On August 19, 2025, Coinbase posted on the social media platform X, stating simply: “ Stablecoins are just better. Faster, cheaper, and more global.” This statement followed the announcement from Bullish that it had settled its massive IPO by receiving funds in a diverse basket of stablecoins. The majority of the proceeds were settled in USD Coin (USDC) a...

The California governor floated the idea for the satirical meme coin during a podcast interview, framing it as a political statement against what he termed Donald Trump's "crony capitalism" and marking a new fusion of PolitiFi and mainstream political rivalry. SACRAMENTO, CA – California Governor Gavin Newsom has announced he is “on the verge of launching” a satirical meme coin dubbed the “Trump Corruption Coin,” a move he revealed during a recent podcast interview with journalist Kara Swisher. The project is part of Newsom’s broader strategy of using online humor and meme-driven tactics to critique former President Donald Trump and his ventures into the cryptocurrency space. In the conversation, Newsom presented the coin as a parody project designed to highlight what he views as Trump's ethical issues, positioning it as a direct counter to the former president's token-related activities. “He’s one of the greatest scammers of our time,” Newsom said, adding, “...

The investment giant's updated regulatory paperwork has significantly boosted market confidence, with prediction markets now indicating a high probability of approval for a spot Cardano fund, signaling strong momentum for a potential launch. NEW YORK – The likelihood of a spot Cardano (ADA) ETF launching in the U.S. has surged to 87% , according to data from prediction market Polymarket . The sharp increase in market confidence follows a key regulatory move by investment giant Grayscale , which recently submitted an amended S-1 filing with the U.S. Securities and Exchange Commission (SEC). The approval odds jumped by 11 percentage points in just one week, recovering from a dip to 75% in late August. Analysts directly attribute this rebound to Grayscale's persistent regulatory push, which signals a strong commitment to bringing the product to market. The positive sentiment is also supported by Cardano's solid market performance, with the cryptocurrency rankin...

The White House's new strategy to acquire stakes in private companies, modeled after its recent Intel deal , has ignited debate among crypto analysts about whether Ripple 's massive $100 billion XRP escrow could become a target for government acquisition. WASHINGTON – The U.S. government's recent strategy to acquire significant stakes in private corporations has triggered widespread speculation within the digital asset community that Ripple Labs' vast XRP escrow , valued at approximately $100 billion, could be a future target for acquisition. The debate follows a White House announcement detailing plans to expand its holdings in the private sector, with the ultimate goal of building a U.S. sovereign wealth fund . Kevin Hassett, Director of the National Economic Council , confirmed that the government's recent deal to secure a nearly 10% stake in Intel would serve as a model for future investments. President Donald Trump defended the move, calling it e...

The high-profile executive projects the potential fund could attract $5 billion in initial inflows, citing XRP's strong real-world utility in cross-border payments as a key advantage over the recently underperforming Ethereum ETFs . NEW YORK – Steve McClurg, CEO of Canary Capital, has made a bold prediction for the future of crypto-based financial products, stating that a potential XRP exchange-traded fund (ETF) could attract as much as $5 billion in inflows within its first 30 days of trading. In a Friday interview, McClurg expressed confidence that an XRP ETF would not only surpass the debut of Bitcoin's ETF but would also significantly outperform the recently launched Ethereum ETFs . McClurg’s projection of $5 billion in initial inflows would eclipse the success of the spot Bitcoin ETFs, which gathered a combined $3.26 billion in their first month. He attributed this bullish outlook to XRP's unique position in the market. "XRP is the most popular token ...

The cryptocurrency has delivered double-digit weekly gains, outperforming most major altcoins , as the community begins voting on a new consensus model designed to dramatically increase transaction speeds and boost network responsiveness. NEW YORK – The price of Solana (SOL) continued its strong upward momentum, reaching $211 on the back of rising investor optimism surrounding a proposed network upgrade known as " Alpenglow ." The digital asset posted a 3% daily gain and significant double-digit weekly growth, with trading volumes surging by 43% as traders anticipate a breakout beyond the $212 resistance level. The market rally is directly linked to the introduction of the Alpenglow consensus upgrade , which recently entered its community voting phase. Investor confidence has been bolstered by the proposal's potential, reflected in a 6.78% increase in Solana futures open interest , which surpassed $13 billion according to Coinglass. At the same time, retail sent...

Despite rampant social media speculation about a new '$CR7' cryptocurrency , reports confirm that no such token has been officially launched by Cristiano Ronaldo , whose only verified crypto partnership remains his NFT collections with Binance . NEW YORK – Social media platforms have been buzzing with claims that soccer superstar Cristiano Ronaldo is set to launch his own memecoin , dubbed '$CR7.' These rumors, often promising exponential returns for early investors, have gained significant traction online. However, despite the widespread announcements, there is no official evidence that Cristiano Ronaldo or his management team are behind any such cryptocurrency . Existing projects using the 'CR7' name, such as 'CR7Token' and 'CR7Meme,' are unofficial and have not been endorsed by the athlete. Ronaldo's confirmed involvement in the digital asset space is limited to his official partnership with the crypto exchange Binance to relea...

The potential policy shift, aimed at boosting the international use of the nation's currency, would mark a significant reversal of Beijing's strict 2021 ban on all crypto-related activities. BEIJING – The Chinese government is reportedly considering a plan to permit the use of Yuan-backed stablecoins in a strategic effort to promote the international adoption of its currency, according to sources familiar with the matter. China's State Council , the country's highest executive authority, is expected to present a roadmap later this month outlining goals for the global use of the Yuan . This plan is said to include the potential use of stablecoins for business and commercial transactions. The move would represent a major policy reversal for Beijing, which implemented a sweeping ban on all cryptocurrency trading and mining in 2021. This potential pivot is widely seen as an attempt by China to challenge the dominance of the United States in the digital asset mark...

T he nation's financial intelligence agency has mandated a review of the crypto giant's local operations, citing "significant deficiencies" in its compliance frameworks and giving the company 28 days to nominate an independent auditor. Binance platform SYDNEY – Australian regulators have ordered the local branch of Binance , the world's largest digital currency exchange , to appoint an external auditor amid serious concerns over its anti-money laundering (AML) and counter-terrorism financing (CTF) controls. The Australian Transaction Reports and Analysis Centre ( AUSTRAC ), the country's financial intelligence agency, announced Friday that it had identified significant issues following a recent independent review of Binance Australia. The agency stated the initial review was "limited in scope relative to its size, business offerings, and risks." In a public statement, AUSTRAC detailed its concerns, pointing to high staff turnover, a lack of...

In a late-night launch, SpaceX ’s Falcon 9 rocket propelled the U.S. Space Force ’s clandestine X-37B space plane into orbit, marking its eighth mission to test cutting-edge technologies, including laser communications and quantum navigation , amid growing global competition in space. On Thursday, August 21, 2025, at 11:50 p.m. EDT (0350 UTC on August 22), a SpaceX Falcon 9 rocket illuminated the night sky above NASA ’s Kennedy Space Center in Florida, carrying the U.S. Space Force ’s secretive X-37B Orbital Test Vehicle (OTV) on its eighth mission, designated USSF-36 . The launch, executed from Launch Complex 39A , marked the third time a SpaceX rocket has lofted the reusable space plane, following previous missions on a Falcon 9 (OTV-5) and a Falcon Heavy (OTV-7). The X-37B , a Boeing-built uncrewed spacecraft resembling a miniature NASA space shuttle, measures approximately 29 feet (8.8 meters) in length with a wingspan of 15 feet (4.6 meters). Powered by solar energy,...