The "Anchorpoint" joint venture aims to capitalize on Hong Kong's newly launched stablecoin licensing regime.
Canaan has withdrawn from two of its bitcoin mining locations—Kazakhstan and an underperforming hosting site in South Texas—as part of a shift to optimize its operations. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies. The China-based miner manufacturer
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Ethereum is approaching
Shiba Inu saw solid increase in whale-tier transactions, which might push price higher soon
Since a local bottom on 2 August, the $SOL price has moved up around 14%. Is this the top for now? What’s next for the $SOL price? $SOL price rejection at strong resistance? Source: TradingView The short-term price chart for $SOL shows that this current upward impulse has been strong enough to break through the descending trendline. However, the price has come up against the horizontal resistance at $177 where it has been rejected. There is still the possibility that the bulls could still break through this resistance, but with all short-term Stochastic RSI indicators topped out, upward price momentum could be about to falter. Daily time frame still bullish Source: TradingView The daily time frame might appear to contradict the picture of the 4-hour time frame. Here, the Stochastic RSI indicators are pointing upwards, and the MACD reveals that the blue indicator line is shaping to cross back over the red signal line. Also, the histogram bars look as though they might be about to turn green. In addition it can be seen that the breakout above the descending trendline in the price action is relatively recent, and therefore more upside might be expected. Weekly chart confirms strong resistances Source: TradingView The weekly view illustrates that the price has come up against solid resistance. However, the MACD looks quite bullish on this higher time frame. At the bottom of the chart, the RSI is showing that the indicator line is still following the downtrend. A breakout here is needed. Conclusion It may well be that the $SOL price could be stopped for a period at the $177 resistance. However, that is still not decided. If the price does come back down, it may well give the Stochastic RSIs time to reset. When all is said and done, this is still a strong uptrend from $SOL, and the series of higher highs and higher lows looks as though it can continue. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Ripple’s long legal clash with the U.S. Securities and Exchange Commission (SEC) has officially come to a close with the two parties filing a joint dismissal. However, while the legal saga may be over, speculation about the future of Ripple and XRP is not losing any steam. BlackRock appears to be in the centre of everyone’s attention as the market debates whether the world’s largest asset manager is going to file for a spot XRP exchange-traded fund ( ETF ). Is a new XPR ETF coming? A number of analysts are already optimistic about potential ETF filings on BlackRock’s part. For instance, Nate Geraci, president of The ETF Store , thinks this is an ideal moment for the fund to diversify its crypto holdings beyond Bitcoin ( BTC ) and Ethereum ( ETH ). “Yes, I think BlackRock was waiting to see this before filing for iShares XRP ETF… I’ll own it if I’m wrong. IMO, makes *zero* sense for them to ignore crypto assets beyond btc & eth. Otherwise, they’re basically saying btc & eth are only ones that will ever have value. Bold.” — Nate Geraci Yes, I think BlackRock was waiting to see this before filing for iShares XRP ETF… I’ll own it if I’m wrong. IMO, makes *zero* sense for them to ignore crypto assets beyond btc & eth. Otherwise, they’re basically saying btc & eth are only ones that will ever have value. Bold. pic.twitter.com/FtBqMRFpOl — Nate Geraci (@NateGeraci) August 8, 2025 Eric Balchunas, Senior ETF Analyst at Bloomberg , also appears bullish , giving the ETF a 95% chance in criticism of a recent drop in approval odds recorded by the market prediction platform Polymarket . Interesting, trades reporting how Polymarket odds of XRP ETF approval went down to 62% after the votes were disclosed showing Crenshaw voting no, but a) she's gonna vote no on EVERYTHING and b) it's meaningless, she's outnumbered = we haven't changed our odds, still at 95%. https://t.co/TamMn8DHVh pic.twitter.com/Ip9G748HrU — Eric Balchunas (@EricBalchunas) August 7, 2025 Naturally, there are still some legal obstacles in the path. For instance, the $125 million fine levied against Ripple is still in escrow and won’t be transferred to the U.S. Treasury until both parties have formally dropped their appeals. However, some signs are hard to ignore or argue with. For example, it is clear that a new spot ETF would unlock institutional capital. Indeed, Bitcoin ETFs alone attracted $222 billion in assets under management (AUM) since 2024. What’s more, Canada’s Purpose XRP ETF saw $37 million in inflows at launch, and the Polymarket approval rate for a Ripple ETF in the U.S. has now risen to 87%, which is a 25% increase since Balchunas’ response yesterday. It also bears mentioning that futures open interest jumped 36% to $4.91 billion, signaling trader anticipation. Featured image via Shutterstock The post BlackRock eyes XRP ETF after Ripple scores court win appeared first on Finbold .
Chinese financial regulators have instructed local brokerages and research bodies to halt publishing studies or hosting seminars that promote stablecoins, to limit potential risks from the fast-growing asset class. Key Takeaways: China has ordered brokerages to stop promoting stablecoins over fraud and risk concerns. The crackdown comes despite speculation of a softer crypto stance and Hong Kong’s pro-stablecoin policies. OTC crypto trading remains active in China, with $75B in volumes in the first nine months of 2024. In late July and earlier this month, some of China’s leading brokerages and think tanks received direct guidance from regulators to cancel events and stop distributing research on stablecoins. Officials are reportedly concerned the tokens could be used as a tool for fraudulent activity on the mainland, Bloomberg reported Friday , citing people familiar with the matter. China’s Stablecoin Crackdown Follows Speculation of Softer Crypto Stance The move comes despite renewed speculation over China’s stance on digital assets, fueled by recent official comments and Hong Kong’s rollout of new legislation for stablecoin issuers. While mainland China maintains a blanket ban on crypto-related transactions, authorities have backed Hong Kong’s push to become a digital asset hub, sparking interest from mainland firms. Analysts say Beijing is treading carefully. “Policymakers don’t favor too much fanfare in some topics just to avoid a herd rush to any particular asset class,” said Christopher Wong, currency strategist at Oversea-Chinese Banking Corp. “They don’t want investors piling into something without understanding the risks.” Despite the ban, over-the-counter crypto trading remains active in China, with volumes reaching an estimated $75 billion in the first nine months of 2024, according to Chainalysis. Local governments in Beijing, Suzhou, and Zhejiang have recently issued warnings about illicit fundraising linked to stablecoins and virtual currencies. China plans to launch a YUAN-PEGGED STABLECOIN This will inject +$2T into crypto Chinese alts will explode Every $40 NOW will turn into $44K with the China alts Here are 6 Chinese alts set to skyrocket pic.twitter.com/bzloPK33T8 — Miero (@0xMiero) July 15, 2025 Stablecoins are increasingly used for fast, low-cost cross-border payments. Global supply is projected to reach $3.7 trillion by 2030. While People’s Bank of China Governor Pan Gongsheng said in June that stablecoins could reshape international finance, regulators are wary of uncontrolled growth, especially amid geopolitical tensions. Hong Kong is moving in the opposite direction, granting licenses to 11 crypto exchanges and 44 digital asset trading firms, including Chinese state-backed entities such as CMB International Securities, Guotai Junan Securities (Hong Kong), and TFI Securities and Futures. Stablecoin Regulation Gains Traction Globally, stablecoin regulation is accelerating. In the US, President Donald Trump signed the first federal stablecoin bill on July 18, calling it a “giant step” toward securing American dominance in global finance and crypto technology. As reproted, Western Union is positioning itself for a new phase of digital transformation, signaling strong interest in using stablecoins to modernize its global remittance operations. Last month, CEO Devin McGranahan outlined how stablecoins could streamline cross-border transfers, improve currency conversion in underserved markets, and provide financial tools for populations grappling with unstable local currencies. Meanwhile, Ripple CEO Brad Garlinghouse has said the stablecoin sector is poised for explosive growth, projecting the market could balloon from its current $250 billion capitalization to as much as $2 trillion in the near future. The post China Orders Brokers to Halt Stablecoin Promotion Amid Risk Concerns appeared first on Cryptonews .
Galaxy's Mike Novogratz said the order will lead to a 'massive capital pool' into crypto
Dogecoin pauses near a crucial level, raising questions about its next move. At the same time, a new sports meme token, XYZVerse, is drawing strong attention because of bold upside claims. Could this unexpected contender change the game for meme coin fans? Unusual price action and growing hype around these tokens spark curiosity and debate. Demand for $XYZ Surges As Its Capitalization Hits the $15M Milestone XYZVerse ($XYZ), recently recognized as Best NEW Meme Project , is drawing significant attention thanks to its standout concept. It is the first ever meme coin that merges the thrill of sports and the innovation of web3. Unlike typical meme coins, XYZVerse offers real utility and a clear roadmap for long-term development. It plans to launch gamified products and form partnerships with big sports teams and platforms. Notably, XYZVerse recently delivered on one of its goals ahead of schedule by partnering with bookmaker.XYZ , the first fully on-chain decentralized sportsbook and casino. As a bonus, $XYZ token holders receive exclusive perks on their first bet . Price Dynamics and Listing Plans During its presale phase, the $XYZ token has shown steady growth. Since its launch, the price has increased from $0.0001 to $0.005, with the next stage set to push it further to $0.01. The final presale price is $0.02, after which the token will be listed on major centralized and decentralized exchanges. The projected listing price of $0.10 could generate up to 1,000x returns for early investors, provided the project secures the necessary market capitalization. So far, more than $15 million has been raised, and the presale is approaching another significant milestone of $20 million . This fast progress is signaling strong demand from both retail and institutional investors. Champions Get Rewarded In XYZVerse , the community calls the plays . Active contributors are rewarded with airdropped XYZ tokens for their dedication. It’s a game where the most passionate players win big. The Road to Victory With solid tokenomics, strategic CEX and DEX listings, and consistent token burns, $XYZ is built for a championship run. Every play is designed to push it further, to strengthen its price , and to rally a community of believers who believe this is the start of something legendary. Airdrops, Rewards, and More – Join XYZVerse to Unlock All the Benefits Dogecoin (DOGE) Source: TradingView Dogecoin is drifting between $0.18 and $0.24 after a choppy week. The token slid 6.22% in 7 days, trimming part of a strong 23.18% climb over the past month. Even with that rebound, the 6-month chart still shows a 15.94% loss. Short traders watch the 10-day average at $0.21 that now sits a touch above the 100-day line at $0.20, hinting at a fresh trend in the making. Momentum tools back that view. RSI at 60 points to steady buying. Stochastic at 74 and a positive MACD level add fuel. Bulls have eyes on the nearest ceiling at $0.27. A clean break could unlock the next target near $0.33. If buyers regain control, DOGE could add around 12% to reach $0.27 and roughly 25% more to tap $0.33. Failure to hold $0.21 opens the door to $0.15, implying a drop of about 17%. For now, the data tilts slightly green. Conclusion DOGE shows strength in the market. However, XYZVerse stands out as the first all-sport memecoin, offering early growth potential and aiming to unite global fans. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse
El Salvador plans to introduce a Bitcoin-only bank model. The model aims to simplify and reduce transaction costs. Continue Reading: El Salvador Embraces Bitcoin with Innovative Bank Proposal The post El Salvador Embraces Bitcoin with Innovative Bank Proposal appeared first on COINTURK NEWS .