As per the report, the State Council of China could greenlight yuan-backed stablecoins by the close of August 2025. Following a recent report, the news comes after years of restrictive policies, which have been implemented in the wake of the 2021 ban on cryptos. If true, this will mark a major pivot for China in digital currency policy. Amidst this, investors are rapidly flocking to MAGACOIN FINANCE, which has become one of the best crypto presales in there. Global Ripple Effect Sanctions could delay issuance of yuan-linked stablecoins subject to approval by the People’s Bank of China. Cross-border settlement trial runs across Asia could be hastened, centred on the Shanghai Cooperation Organisation (SCO) summit in Tianjin on August 31. But analysts say how far and fast it gets adopted might be hampered by yuan convertibility and market access. Still, institutional players are watching closely. Approval of the potential is seen as a ‘tectonic shift’ in making a stablecoin part of global finance, one that could entice players into regulated and speculative plays linked to the next major narrative wave. MAGACOIN FINANCE Gains Momentum Dogecoin may be driving short-term meme coin hype, but analysts have ranked MAGACOIN FINANCE as the top presale pick of 2025 . Having already surpassed significant funding milestones, with verified audits and secure smart contracts, it is now drawing significant momentum and heavy speculation over Tier-1 exchange listings. Analysts call it one of the best crypto presales to buy this week as momentum accelerates. Investor enthusiasm is being fueled not just by whale accumulation, but also by MAGACOIN FINANCE’s capped supply model and zero-tax trading mechanics, which add layers of scarcity and transparency to the presale. Backers note that the project blends cultural relevance with robust technical safeguards, a combination that could give it staying power beyond short-term hype. Strategic Context The timing could not be worse for retail and institutional investors. As China attempts to reshape the stablecoin environment and legacy giants Bitcoin and Ethereum consolidate around support levels, presale opportunities are attracting increasing attention. MAGACOIN FINANCE is a project that combines strong community energy, audited infrastructure, and whale participation and is increasingly viewed as a once-in-a-cycle opportunity. Conclusion China’s likely acceptance of stablecoins shows how fast the global crypto market is evolving. As the focus remains on yuan-backed stablecoins, other opportunities could present huge gains. With whale-backed demand on the rise, analysts are projecting MAGACOIN FINANCE as a leading candidate for outsized returns. The presale is on, allocations are limited, and hype is building for investors targeting 2025. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: China Stablecoin News 2025: Analysts Call MAGACOIN Finance the Best Crypto Presale to Buy Now
Cardano’s been chugging along, quietly building its layer-2, governance, and DeFi chops. A fresh prediction sees ADA potentially refreshing the $2 zone if bullish setups persist into September. Technical analysts point to the classic “inverse head-and-shoulder” pattern on the weekly charts; if ADA can hold bases between $1.10–$1.30, a breakout toward $2 isn’t outlandish. That move would be a logical push; nothing like meme-driven frenzy, but still compelling. But here’s the kicker: while Cardano’s growth would be sound, it’s not a moonshot. Sure, hitting $2–$3 would make many early holders happy. It’s the remix of stability and seasonal pump, like a slow-burn heatwave, not a wildfire. What’s Fueling ADA’s Renewed Buzz Behind the scenes, Cardano isn’t standing still: Voltaire governance is alive: ADA holders can now vote, propose, and fund projects directly. That level of decentralization restores faith. Hydra Layer-2 is stirring interest: once sidechains roll live, throughput and app potential amplify significantly. On-chain metrics tell a detailed story: TVL in DeFi dipped a little while the stablecoin sector and treasury holdings increased, which means there is diversification but not decline. Interestingly, we’re starting to hear more big-money names eyeing Cardano. There are even talks about Grayscale taking more ADA, and there’s even speculation about partnerships rolling out in Ethiopia. In short, the fundamentals look solid, but Cardano price projections toward $2 feels like groundwork converging with timing. But Wait, Remittix Is Forcing a Plot Twist Meanwhile, from Amsterdam to Accra, a project called Remittix (RTX) is turning heads. Analysts and even whale wallets are bubbling about its presale; a real-world PayFi token that lets crypto convert to bank transfers across 30+ countries in real time. Oh, and it’s already pushed beyond $20 million raised, with a listing on BitMart locked in, and a beta wallet launch in Q3. Projections are… bold. Some are talking up to 35x returns by 2026, even whispers of 100× if adoption accelerates. That’s unicorn-level territory in this market. The difference? Cardano is playing chess, while Remittix is pitching to sprint like lightning across a utility field. ADA is the established track; Remittix is the untested shortcut. Should You Ride ADA’s Momentum or Chase RTX’s Rocket? This comes down to investing style: ADA is dependable: realistic targets, ecosystem depth. It’s the leg over the wall; not a leap, but a climb. RTX is speculative and explosive: massive ROI potential, but infrastructure must deliver, and trust needs to stick. If you prefer steady growth backed by strong fundamentals and a reasonable path to $2+, ADA still looks attractive. But if you’ve got an appetite for higher risk, a compelling use case, and early mover advantage, Remittix’s RTX might trump the chart on returns if things go well. Discover the future of PayFi with Remittix by checking out the project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
Well-known cryptocurrency analyst il Capo of Crypto spoke about the possibility of a decline in the Bitcoin and altcoin market in his latest published analysis. In his analysis shared with his followers, il Capo claimed that a bearish confirmation is still required for the Bitcoin price and that if the BTC price falls below $ 108,000, a local top may have formed in the market, which could trigger the first decline towards $ 60,000 to $ 70,000 as the main support. Related News: What to Expect for Ethereum (ETH) Price After the Record? Analyst Predicts Target for ETH and When the Bear Market Will Begin At the time of writing, Bitcoin is trading around $114,800. The world's largest cryptocurrency has lost 2.54% of its value in the past week. However, BTC broke its all-time high of $124,450 about 10 days ago. In his latest post, analyst il Capo claimed that such a drop in Bitcoin's price could trigger a capitulation event that could result in a 50% to 80% loss in altcoin value. Il Capo has long held a bearish outlook, but since his recent analysis, the BTC price has broken multiple records. *This is not investment advice. Continue Reading: Experienced Analyst il Capo Predicts What Will Happen to Bitcoin and Altcoins Following Recent Developments
Stablecoins are emerging as pivotal elements in financial infrastructure transformation. Recent regulatory developments offer stablecoins a legal framework as a payment method. Continue Reading: Stablecoins Reshape Financial Landscapes, Surpassing Traditional Limitations The post Stablecoins Reshape Financial Landscapes, Surpassing Traditional Limitations appeared first on COINTURK NEWS .
Rachel Reeves is weighing a plan to quietly drain more money from workers in the UK by stretching the income tax threshold freeze past 2028. The freeze has been in place since 2021, when the Conservatives locked the bands in without adjusting for rising prices. Now, according to The Telegraph , Reeves may extend it through the decade to help fill what analysts warn could be a £50 billion deficit. This plan means more people pay income tax as their wages increase. Some even get pushed into higher brackets without any new tax being introduced. It’s what economists call fiscal drag, and it’s turned into a multi-billion-pound machine for the Treasury. The Office for Budget Responsibility expects it to haul in £51 billion a year by the end of the decade. Reeves hasn’t made a final call yet, but one official said the idea is “on the very hot list” of options. Reeves backs off pensions, leans on tax freeze Extending the freeze would bring in about £7 billion per year. Reeves sees it as one of the only ways to raise serious money without breaking Labour’s campaign pledge. That pledge ruled out increasing income tax rates, employee National Insurance, or VAT. But locking tax bands in place isn’t technically a rate hike. So it’s still on the table. Reeves reportedly floated the idea last year, but then pulled back, saying it would “hurt working people.” Now her choices are tighter. Higher borrowing costs have wrecked her fiscal buffer. Her main rule is not to borrow for day-to-day spending. That rule is already under threat. Economists think Reeves will need to find at least £20 billion in tax increases. If things get worse, the hole could go up to £50 billion. Angela Rayner, who serves as Deputy Prime Minister, has already pushed Reeves to freeze the £125,140 threshold, where workers start paying the 45p rate. In a private note leaked in March, Rayner called the move “consistent with the manifesto.” The OBR predicts that by 2027–28, 4.1 million people will be pulled into either the 40p or 45p tax band. All of that happens even though the official tax rates don’t move. Reeves hasn’t ruled out a pensions grab. That option is still alive, depending on how deep the Office for Budget Responsibility says the deficit will be by autumn. But the threshold freeze is gaining more traction because it’s easier to justify politically. The Chancellor is expected to deliver her second budget in mid-November, the earliest possible date after giving the OBR its required ten-week notice. Gambling industry braces for new tax hit Reeves is also preparing to hit gambling companies with higher taxes. The government is reviewing how it taxes betting and gaming, and wants to simplify things by creating a single rate across the board. Right now, online gambling (RGD) is taxed at 21%, while high street bookmakers (GBD) and online racing bets only pay 15%. The Treasury said it’s “consulting to level the playing field,” but racecourse bets will remain exempt, since they already pay a horse race betting levy on gross profits. The Social Market Foundation, a think tank, wants gambling taxes to go much higher, 50% on online betting, 25% on retail, and said it would raise £2 billion annually while cutting gambling-related harm. But the Betting and Gaming Council, which represents the industry, fired back hard. In a seven-page memo to the Treasury, they called the think tank’s claims “highly flawed and misleading.” Their numbers suggest the actual increase would be £467 million, and it would cost up to 6,000 jobs if people move to black market sites and gambling shops shut down. The last time Reeves spoke on tax policy, the message was simple: “We are committed to keeping taxes for working people as low as possible.” She also repeated that Labour won’t raise basic, higher, or additional income tax rates, National Insurance, or VAT. That doesn’t stop her from using the UK tax code to quietly dig deeper into people’s pockets. The smartest crypto minds already read our newsletter. Want in? Join them .
Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree filed updated documents regarding their spot XRP exchange-traded fund (ETF) applications on Friday. Analysts interpret this move as an effort by asset management companies to become more compliant with the process to gain approval from the U.S. Securities and Exchange Commission (SEC). The SEC has yet to approve a spot XRP ETF. Data shows that applications have been filed for both spot and futures-based funds. “I would say these applications were almost certainly made in response to feedback from the SEC,” Bloomberg ETF analyst James Seyffart said on the X platform. “It's a good sign, but it was largely expected.” Related News: New Developments in the Ripple-SEC Case: Now in the Final Stages The new regulations appear to have changed the structure of the funds, allowing for creation with XRP or cash, and cash or in-kind returns, rather than cash-only transactions. NovaDius Wealth President Nate Geraci commented on the development, saying, “It’s quite remarkable, it’s a very good sign that they’re all taking such a step at the same time.” On the other hand, BlackRock, which manages the world's largest spot Ethereum and Bitcoin ETFs, did not submit any application for the XRP ETF. *This is not investment advice. Continue Reading: An Exciting Progress Happened for XRP Spot ETFs
COINOTAG on August 24 reported two crypto ancient whales executing a sizable reallocation from Bitcoin to Ethereum. Whale 1 sold 6,000 BTC (≈$690m at $115,000) and acquired 152,494 ETH (≈$724m
More on M&A tickers, etc. Palo Alto Networks: Deserving Dip Notable analyst calls this week: Nike, Microsoft and Sarepta among top picks Piper Sandler signals robust advisory pipeline and G Squared acquisition as momentum builds
The Ethereum Foundation (EF) has revealed a plan for the next stage of its Trillion Dollar Security (1TS) project. This follows an ecosystem survey conducted to identify the most urgent issues within Ethereum’s infrastructure. Wallet Security Standard In an August 20 blog post, the EF announced that the security initiative’s first actions will mostly target user experience (UX) issues. “During this first wave we will kick off a range of work targeting crucial areas in UX security. The work we begin today is a combination of high-leverage short-term actions and long-term projects that we expect will continue for years,” read the post. First launched in May, 1TS’s main goal is to enhance network security and promote broader on-chain adoption. The program is expected to roll out across several phases, with the first taking place over the next few weeks and months. One of the key efforts will involve establishing a “Minimum Security Standard” for Ethereum wallets. The EF explained that secure UX is critical, as users must be able to safely manage keys, sign transactions, and understand the actions they approve in decentralized applications. The proposed standard will include features such as transparent transactions, compromise-resistant interfaces, privacy-preserving architecture, and rules for governing wallet behavior, such as approval management and key handling. To support this effort, the non-profit has awarded a grant to Walletbeat, which will help to develop the benchmark and assess against it. Blind Signing and Transaction Transparency The foundation also highlighted blind signing as a major problem in UX security, where users are often asked to approve transactions without understanding them. To address this, it plans to promote transaction decoding, which would present human-readable details instead of raw code, and expand the use of transaction simulations that preview clear outcomes before approval. The post revealed that the EF has started several research projects aimed at improving transaction transparency in wallets. Plans include setting new standards to make transactions easier to interpret, revisiting past proposals, and making simulation tools more reliable and widely available, alongside exploring potential in-protocol security upgrades. Action will also be taken to help developers avoid deploying vulnerable code, which could aid in reducing the number of compromised smart contracts. This will involve creating an open-source database of relevant vulnerabilities where programmers will be able to check their code against known issues before deployment. The survey also noted that there is demand for simpler wallets designed for non-technical users and enterprise-focused apps with features such as privacy, censorship resistance, and compliance options. The EF’s move comes a few months after Ethereum co-founder Vitalik Buterin outlined a roadmap for the ecosystem that is focused on L1s, blobs, as well as user experiences. The post Ethereum Foundation Rolls Out Next Phase of Trillion-Dollar Security Initiative appeared first on CryptoPotato .