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Donald Trump Announced He Will Fire the Head of the Statistics Bureau for “Publishing Bad Data” – Bitcoin Reacted
US President Donald Trump announced that he has ordered the immediate dismissal of Bureau of Labor Statistics (BLS) Director Erika McEntarfer following the release of weak employment data in July. In a post on Truth Social, Trump accused McEntarfer of politicizing employment data, calling her a “Biden political appointee.” No concrete evidence was presented for these accusations. Bitcoin price experienced another sudden drop following the development: Chart with minute candles showing the decline in BTC price. “I have instructed my team to immediately remove this Biden political appointee. He will be replaced by someone far more competent and qualified. Such crucial data must be fair and accurate and cannot be manipulated for political purposes,” he said. According to a BLS report released today, nonfarm payrolls increased by only 73,000 in July. Furthermore, data for the previous two months was revised downward by a total of approximately 260,000. The average employment gain for the past three months was only 35,000, marking the weakest performance of the post-pandemic era. Related News: After Employment Data, Senior Fed Official Bostic Talks About Rate Cuts - What Does He Expect? McEntarfer was appointed by former President Joe Biden in 2023 and took office after receiving Senate confirmation at the beginning of 2024. The BLS has not yet released a statement on the matter. Employment data is generated through a three-month survey process. However, the initial company response rate has recently fallen below 60%. Before the pandemic, this rate was typically above 70%. Furthermore, the BLS issues major annual revisions each February, based on more robust but delayed data. The annual preliminary estimate released for 2024 was one of the largest revisions since 2009. While addressing these revisions in his post, Trump also had harsh words for Fed Chair Jerome Powell. He argued that the Fed was “playing around” with interest rates and said Powell “should be retired now.” *This is not investment advice. Continue Reading: Donald Trump Announced He Will Fire the Head of the Statistics Bureau for “Publishing Bad Data” – Bitcoin Reacted

BitcoinSistemi 2025-08-01 22:07
Crypto wrap: ETH, XRP, SOL shed gains as Bitcoin drops below $115k
The cryptocurrency market experienced a significant downturn on August 1, 2025, as Bitcoin fell below the critical $115,000 support level, triggering a broader sell-off. As a crypto bloodbath ensued amid widespread panic selling top altcoins followed suit. Ethereum (ETH), XRP (XRP), and Solana (SOL) all shed recent gains, with the spillover effect plunging small caps by double-digits or more. The global crypto market capitalization dropped by 3.5% over the past 24 hours to cut the market to $3.7 trillion. Meanwhile, crypto liquidations rose to over $850 million and open interest fell to $189 billion. Why did crypto crash today? The crypto market’s 3.43% decline over the past 24 hours mirrors losses in the Nasdaq and broader macroeconomic jitters. BTC failed to rally after a Fed rate decision helped bulls bounce off lows. As such, a risk-off sentiment looks to have taken hold as traders. Other factors include weak U.S. jobs data, escalating fears of new tariffs. Geopolitical tensions also spooked traders. The liquidation of leveraged long positions also eroded investor confidence, prompting a cascade of profit-taking deals. Bitcoin dips below $115k Bitcoin, the leading cryptocurrency, slipped below the $115,000 threshold. This saw BTC touch lows of $114,061, with analysts saying traders might have to watch a bounce off $112k for signals of short-term stability. According to CryptoQuant’s realized profit and loss chart, the current dip aligns with historical patterns of profit-taking. Julio Moreno’s analysis suggests this could lead to a consolidation period before the next upward push. The outlook for Bitcoin, as highlighted by Julio Moreno of CryptoQuant, could precede further corrections before the next upward trend. Glassnode’s recent data also indicates a surge in realized losses, pointing to the market’s fragility amid these macroeconomic pressures. Crypto analyst Lark Davis sees a similar trend, but says August in post-halving years has been bullish for BTC. ETH, XRP, SOL retreat to key levels Major altcoins followed Bitcoin’s downward trajectory, with Ethereum, Solana, and XRP retreating to critical support levels. Ethereum (ETH) dropped below $3,600, erasing gains from its recent rally. Meanwhile, Ripple’s XRP dropped below $3.00 before recovering to hover at the key level. Solana moved away from the psychological target of $200 as SOL fell to below $170. Most of the top altcoins shed between 3% and 7%, with BNB bucking the trend as analysts say it continued to outperform peers. CryptoQuant.com @cryptoquant_com · Follow BNB is quietly outperforming everyone.While most majors saw 60–80% drawdowns, BNB never fell more than 30%, and it’s already back near ATH. 10:21 PM · Aug 1, 2025 32 Reply Copy link Read 13 replies Top crypto losers today According to CoinMarketCap’s gainers and losers tracker, several cryptocurrencies posted double-digit losses over the past 24 hours. While coins like Uniswap, Arbitrum and Optimism posted notable declines, Hyperliquid, SPX6900 and Pump.fum recorded double-digit losses. HYPE, SPX and PUMP were all down 11% to 14%, with Injective also plummeting 10%. In the small cap tokens segment, ResearchCoin, Centrifuge, and Zircuit ranked among the biggest losers on the day. The post Crypto wrap: ETH, XRP, SOL shed gains as Bitcoin drops below $115k appeared first on Invezz

Invezz 2025-08-01 22:04
After Employment Data, Senior Fed Official Bostic Talks About Rate Cuts – What Does He Expect?
Atlanta Fed President Raphael Bostic told CNBC that July employment data suggests risks in the labor market may be increasing. However, Bostic said it's too early to change the economic outlook despite the data. “Today's data and the revisions suggest the economy and labor market may be weakening more broadly than what we're seeing in the Atlanta Fed area,” Bostic said. Still, he maintained that this week's interest rate decision was the right one, adding, “This data wouldn't have changed our decision.” Downward revisions to July's data revealed that employment growth has lost momentum. Bostic said, “The data suggests the labor market is slowing, but it remains strong in many respects.” He noted that he hasn't received any significant signals from companies about layoffs, adding that unemployment concerns are not yet prevalent at this stage. Related News: HOT MOMENTS: Donald Trump's Nuclear Threat Hits Cryptocurrencies - Here's the Latest Data Bostic said, “Going into this week, I thought the inflation risk was greater than the employment risk. However, today, I see these two risks becoming more balanced.” Recalling the delicate balance between the Fed's dual goals of employment and price stability, Bostic stated that risks on both sides must be carefully monitored. Bostic, who also commented on trade tariffs, said that customs duties could have a longer-lasting impact on consumer psychology. “Customs duties don't work as described in the textbooks,” he said, emphasizing the complexity of this process. Bostic, who maintains his forecast for a 2025 interest rate cut based on current data, said, “We need to reassess our views as new data becomes available.” He also noted that there is an active debate about how restrictive the Fed's policies currently are. *This is not investment advice. Continue Reading: After Employment Data, Senior Fed Official Bostic Talks About Rate Cuts – What Does He Expect?

BitcoinSistemi 2025-08-01 22:03
Bitcoin’s Post-SegWit Growth Reflects Ongoing Debates Over Network Scaling and Miner Influence
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CoinOtag 2025-08-01 22:02
XRP ETF Decision Could Happen Within 21 Days. Here’s Why
A significant breakthrough in the U.S. crypto ETF landscape could be just days away. According to a recent update from SMQKE on X, the Securities and Exchange Commission (SEC) may issue a decision on a new ETF listing framework within 21 days, a development that could directly impact the approval timeline for spot XRP ETFs. This follows new proposals by both the Cboe BZX Exchange and NYSE Arca, which aim to simplify the listing process for crypto-based exchange-traded funds. If approved, these changes would eliminate the need for individual 19b-4 filings for each crypto ETF, a move that could drastically reduce both the time and cost required to bring these products to market. What the Proposed Framework Changes Currently, crypto ETF issuers must file a 19b-4 form for each product, triggering a lengthy SEC review period that can stretch up to 240 days. The newly proposed framework by Cboe and NYSE Arca would allow qualified crypto ETFs to list under generic standards, streamlining the process. XRP ETF DECISION COULD COME WITHIN 21 DAYS AS SEC REVIEWS NEW LISTING FRAMEWORK Heard it here first. Documented. pic.twitter.com/6WQKJ5UQW1 — SMQKE (@SMQKEDQG) August 1, 2025 These standards would initially cover crypto assets with an established futures trading history, specifically, at least six months of trading on a regulated U.S. derivatives platform like Coinbase Derivatives Exchange. XRP, along with assets like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE), meets this threshold, positioning it as a strong candidate once the framework is adopted. Though the current proposals don’t yet specify liquidity or market cap thresholds, both exchanges have indicated plans to introduce these standards later. A Faster Timeline for Approval If the SEC approves the new listing framework, eligible crypto ETFs could bypass the drawn-out 19b-4 process. This would allow issuers to launch ETFs much faster, potentially within 75 days rather than waiting up to eight months. In the short term, the SEC’s earliest decision on this rule change could come within 21 days from the publication of the proposals in the Federal Register. That timeline aligns with the standard comment and review period for such filings, according to SEC procedures . We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 A Changing Regulatory Climate The SEC’s openness to a more efficient ETF process reflects a broader shift toward crypto integration within U.S. capital markets. Just days ago, the Commission approved in-kind creation and redemption mechanisms for crypto ETFs, removing operational restrictions that previously limited efficiency and liquidity in the crypto ETF space. In a separate policy roadmap released July 31, the SEC announced sweeping plans to better accommodate tokenized assets, signifying a more supportive stance toward blockchain-based financial products. What This Means for XRP For XRP, this could mark a turning point. Current XRP ETF filings, some of which already passed public comment phases, are waiting on the SEC’s next move. If the generic listing framework is adopted, XRP ETF issuers that meet the requirements could quickly bring their products to market without additional regulatory hurdles. As SMQKE noted, a decision could arrive within 21 days, a timeline that would have been unthinkable under the old rules. If approved, XRP could soon follow Bitcoin and Ethereum into the U.S. ETF spotlight , offering institutional investors broader access to one of the world’s most actively used digital assets. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP ETF Decision Could Happen Within 21 Days. Here’s Why appeared first on Times Tabloid .

TimesTabloid 2025-08-01 22:00
WeWake Presale Crypto Surges in Momentum as Ethereum Reveals Quantum-Resistant Roadmap
Ethereum unveils a 10-year roadmap focused on quantum resistance, scalability, and maintaining 100% network uptime. WeWake presale crypto launches walletless and gasless access, removing barriers for Web3 adoption and developer integration. WeWake presale crypto gains traction as its whitepaper details zk-rollup scalability, Paymaster API, and WAKE token utilities. Ethereum has announced a 10-year roadmap focused on quantum resistance and scaling, and the update is drawing global attention. Ethereum developers revealed that their plan will help the network maintain security and performance while preparing for future technologies. At the same time, the WeWake presale crypto is gaining momentum as it introduces a walletless and gasless blockchain, making onboarding easier for new users and developers. Ethereum’s Long-Term Vision for Quantum Resistance and Scaling The Ethereum Foundation shared its roadmap, which aims to ensure network reliability, scalability, and security over the next decade. The plan will support 100% uptime and focus on countering future threats, including quantum computing. According to the foundation , the roadmap includes the use of hash-based cryptography and other post-quantum security methods. Vitalik Buterin has stated that Ethereum layer 1 will target 10,000 transactions per second, while layer 2 solutions will scale to one million transactions per second. These upgrades will include zkVMs and data availability sampling to enhance verification and efficiency. The new vision also proposes upgrades to the Ethereum Virtual Machine with a SNARK-friendly instruction set. This change is intended to strengthen security and improve the speed of cryptographic proofs. Ethereum developers believe these steps will enable the network to stay ahead of future challenges while maintaining its decentralized nature. WeWake Presale Crypto Gains Momentum with Walletless Access While Ethereum advances its roadmap, the WeWake presale crypto is rapidly attracting attention for its approach to user onboarding. The project offers a gasless and walletless system, allowing users to access Web3 services through social logins such as Google or Telegram. The WeWake whitepaper , which is now available, outlines its technical architecture and its ERC-4337 smart wallet design. It also explains how the built-in Paymaster API will sponsor transaction fees for users. This approach removes the need for seed phrases or browser extensions, which have historically created barriers for crypto adoption. By eliminating these hurdles, WeWake is positioning itself as a gateway for mass adoption of blockchain technology. The presale crypto phase is also fueling interest among developers. WeWake has released details of its software development kit (SDK) that enables dApps to integrate walletless access with minimal effort. This SDK supports instant swaps, NFT minting, and simplified onboarding for decentralized applications. Why WeWake Presale Crypto is Standing Out in the Market The WeWake presale crypto is not only gaining traction for its user experience but also for its roadmap. The project has outlined a detailed plan, starting with the launch of its testnet in Q1 2026, followed by a mainnet rollout in Q2 2026. Its token, WAKE, is central to the network. The whitepaper shows that WAKE will be used for governance, staking, and rewards. Developers will also benefit from ecosystem grants designed to accelerate adoption and integration. Early presale crypto participants will have access to discounted tokens and governance opportunities within the ecosystem. WeWake’s architecture uses zk-rollup scalability, social login authentication, and an integrated Paymaster to support gas-free transactions. This combination positions it as a platform capable of onboarding non-technical users while also appealing to developers seeking faster integration tools. The post WeWake Presale Crypto Surges in Momentum as Ethereum Reveals Quantum-Resistant Roadmap appeared first on TheCoinrise.com .

The Coin Rise 2025-08-01 22:00
Spartans Tops the 2025 List of Provably Fair Crypto Gambling Platforms – Here Are the 6 Others
For players who value fairness, transparency, and fast access to their winnings, probably fair crypto gambling platforms offer a better alternative to traditional online casinos. These platforms allow users to verify every game outcome through on-chain or cryptographic proofs, giving players the power to confirm that no manipulation has occurred. The best sites also combine this fairness with fast crypto payments and a wide selection of games. In 2025, Spartans stands out for delivering all three: verifiable game outcomes, instant withdrawals, and smooth cross-platform gameplay. Here’s a breakdown of the top seven provably fair crypto gambling platforms worth trying today. 1. Spartans: Best Overall for Fairness and Fast Payouts Spartans.com ranks #1 among provably fair crypto gambling platforms for one simple reason: it gives players both transparency and control. Every slot, crash game, and dice-based experience on Spartans is powered by verifiable fairness protocols. Players can check seed hashes, verify results, and confirm game outcomes using on-chain systems or server-client randomness models. Nothing is left to chance, or at least not an unprovable chance. What sets Spartans apart from the rest is how easy it is to access this data. With just one click, users can see exactly how a game outcome was generated. And unlike many platforms that delay withdrawals or hold up crypto payouts during audits, Spartans guarantees instant withdrawals. Once a player requests their winnings, whether it’s in BTC, ETH, USDT, or AVAX, the funds land in their wallet within seconds, not hours. The platform supports over 5,900 games from 43+ providers, all playable with major cryptocurrencies. Its fairness engine runs silently in the background while users enjoy high-volatility slots, crash multipliers, or classic table games. With provable fairness baked into every spin and lightning-speed payments, Spartans offers players the trust and responsiveness they deserve. 2. Stake.com: Reliable Fairness, Slower Withdrawals Stake.com is a familiar name in crypto gambling, with strong systems in place for provable fairness. The platform allows users to view bet hashes, nonce values, and result data across a variety of in-house games. While Stake is technically sound, its crypto withdrawal times, especially for larger amounts, can range from minutes to hours, depending on account verification and platform activity. It’s trusted, but not the fastest. 3. Roobet: Trusted Fairness With Some Payment Friction Roobet earns its place among the top provably fair crypto gambling platforms thanks to its long-standing use of cryptographic fairness tools in games like crash and dice. Players can verify outcomes in real time, and the user interface makes accessing fairness data relatively simple. However, Roobet’s withdrawal process isn’t as instant as Spartans. Larger payouts often require manual approval, and some currencies take longer to process. 4. Gamdom: Transparent Games With Mixed Speed Gamdom offers verifiable outcomes across its custom games, including roulette, crash, and trade-up formats. Players have access to hash verification tools that confirm randomness. While the platform’s transparency is commendable, crypto payment processing is inconsistent. Some players report fast transactions, while others face waiting times or minor hiccups depending on the token used. 5. BC.Game: Wide Variety, Moderate Fairness Tools BC.Game features a huge catalog of crypto games and includes fairness verification on many of its proprietary titles. It offers hash chain previews and roll confirmations. However, the platform’s UX makes it harder to quickly audit outcomes, and its withdrawal speed doesn’t match leaders like Spartans. Still, for players who prioritize variety and occasional fair-play verification, it’s worth a look. 6. BetMGM: Great Reputation, Limited Crypto Fairness BetMGM is known for its strong brand and regulatory compliance, but its support for provably fair systems is limited. The platform accepts some cryptocurrencies, yet game fairness verification tools are sparse. For players who want airtight trust with transparent randomness in every game, BetMGM might feel closer to a traditional betting site than a crypto-native solution. 7. Betano: Regional Favorite With Basic Crypto Support Betano is popular in several international markets and has recently added crypto payment options. However, its game fairness model is closer to conventional platforms, with no built-in provable randomness system in place. Crypto withdrawals also vary by region, which can affect the user experience for globally active players. Last Say Choosing the right provably fair crypto gambling platform can make all the difference in how much trust and control you have over your bets. Spartans leads the pack in 2025 by offering instant, verifiable game results and rapid crypto withdrawals without red tape. Other platforms like Stake.com and Roobet offer transparency, but can’t quite match the speed or ease of access Spartans provides. Whether you’re chasing multipliers, playing blackjack, or betting live on sports, provable fairness is essential, and Spartans is setting the gold standard for it this year. Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Spartans Tops the 2025 List of Provably Fair Crypto Gambling Platforms – Here Are the 6 Others appeared first on Times Tabloid .

TimesTabloid 2025-08-01 22:00
IMF now believes Bitcoin holds real economic value, necessitating the need for the SNA update
The International Monetary Fund, United Nations, World Bank, European Commission, and Organisation for Economic Co-operation and Development worked to update the new System of National Accounts (SNA) to fully incorporate emerging technologies, digital services, and intangible assets. According to the IMF, the revised SNA will factor in digitalization, trade, government finances, and financial innovation, providing governments with better tools to guide economic growth, job creation, and crisis response. It also insisted that economies adapt to digital transformation. In its statement, the bank warned , “Measurement across the $114 trillion global economy must keep up even as the pace of change accelerates. If it doesn’t keep pace, central banks and finance ministries will end up setting monetary or fiscal policy based on incomplete, outdated, or inaccurate information.” IMF believes Bitcoin holds real economic value, necessitating the need for the SNA update Now in its sixth iteration, the SNA has served nearly nine decades as the international standard for tracking national metrics like output, income, spending, investment, financial flows, and wealth. With the latest update, the IMF hopes to better capture the impact of digitalization, which is often underreported. The international bank noted that while digital transformation has accelerated, productivity figures in many developed countries have slowed, raising questions about the adequacy of existing measurement frameworks. Additionally, the IMF argued that Bitcoin holds real economic value and consumes as much electricity as Argentina. Yet, it remains excluded from GDP calculations because it does not produce conventional goods or services. As a result, the revised standards will also extend to crypto assets, to better align with their increasing status within a new world economy. It further stated that some experts have found ways to classify particular crypto assets as “non-produced nonfinancial assets,” meaning they can be accounted for in measures of national wealth. The SNA will include recommendations to curb financial risks and instability The updated SNA also calls on nations to develop comprehensive metrics for sectors like AI, cloud computing , e-commerce, and digital platforms. It also offers a unified definition of artificial intelligence to promote consistent treatment in national economic data. Furthermore, it includes recommendations to better monitor financial risks and instability, given the rise of non-bank institutions. It also offers a more detailed view of major multinational firms’ production and profit distribution practices. According to the IMF, the information will enable national accounts to more effectively capture the output and earnings of multinational companies that outsource production but keep control of core assets like design, branding, and IP. The framework also elevates net domestic product (NDP) as a key metric alongside GDP. NDP goes a step further by deducting capital depreciation and natural resource depletion—factors overlooked in standard GDP figures. NDP generally trails GDP by 10% to 25%, with the gap growing significantly in nations that rely heavily on extractive sectors like mining. The IMF has so far offered technical assistance, expert guidance, and training programs to facilitate the transition to the revised SNA and BPM frameworks by 2029–30. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Cryptopolitan 2025-08-01 22:00
Can Google Gemini really help plan crypto trades?
Gemini looks smart, but can it actually trade? We put it to the test with sample trades and break down where it helps and where it doesn’t.

CoinTelegraph 2025-08-01 21:55
Bitcoin’s Independence Day: 8 years after the Block Size Wars
The value of Bitcoin has grown substantially since the BTC community asserted independence from miner domination on Aug. 1, 2017.

CoinTelegraph 2025-08-01 21:52
Cardano Price Prediction: New Stablecoin on Cardano Praised as ‘More Advanced’ Than USDC – Will Investors Finally Take Notice?
The Cardano price (ADA) has fallen nearly 8% in the past 24 hours, reinforcing a bearish short-term Cardano price prediction as the broader crypto market shows signs of entering a deeper correction. However, a new development on the Cardano network could soon help turn the tide in ADA’s favor. This week, USDM , a native Cardano-based stablecoin developed by Moneta , officially launched. Charles Hoskinson, Cardano’s founder, has called it “the most advanced stablecoin ever built,” suggesting it could be a game-changer for the Cardano ecosystem as it competes for real-world utility and institutional interest. Moneta's USDM is becoming the most advanced stablecoin ever built https://t.co/r32xbbfCbE — Charles Hoskinson (@IOHK_Charles) July 31, 2025 Moneta’s stablecoin is a privacy-focused asset that caters to enterprise-grade needs. According to data from DeFi Llama, stablecoin reserves in Cardano currently sit at $36 million – a negligible amount compared to the more than $11.4 billion reserves boasted by Solana and mere pocket change compared to $133 billion in stable assets parked in the Ethereum Virtual Machine (EVM). Moneta (USDM) already dominates this market with a 32% dominance. The reason for this is that Cardano does not support traditional stable assets like USDT or USDC. Hence, the launch of USDM could foster a new era for Cardano’s DeFi ecosystem, which supports a long-term bullish Cardano price prediction . Cardano Price Prediction: ADA Hits Key Trend Line Support Today Trading volumes today have increased by 9% as the price of ADA has hit a key trend line support. The crypto market was in need of a more pronounced correction like this after rallying for nearly a month. We can see that negative momentum has been accelerating as ADA got close to $1. The 9-day exponential moving average (EMA) seems poised to cross below the 21-day EMA and send a first ‘sell’ signal while the price has also hit the 200-day EMA. The confluence between ‘TL1’ and this key indicator increases the odds of a strong bounce. However, the price could break below this area and could still find support at ‘TL2’. This scenario would still keep the uptrend alive while the last line of defense before a ‘trend reversal’ verdict can be given would be the $0.61 level. The price action still favors a bullish Cardano price prediction at the moment as long as any of these support areas hold. The launch of USDM is exciting news for ADA. However, the best crypto presales like SUBBD (SUBBD) could outperform well-established tokens, especially as ‘altcoin season’ could start at any moment. SUBBD Raises Nearly $1M to Build the Ultimate Platform for Creators SUBBD (SUBBD) is reimagining how influencers earn online, giving them full control, better payouts, and a censorship-free space to grow. This new platform lets creators monetize not only their original work but also AI-generated content, opening the door to real passive income. With nearly $1 million already raised in its presale, SUBBD is quickly becoming one of the most exciting creator-focused projects in crypto. This project stands out by offering low platform fees and removing the unfair bans that often limit creators’ earnings on centralized platforms. Through the SUBBD governance token , influencers get a real voice in shaping moderation policies — something unheard of in traditional content platforms. Fans can also use the token to unlock subscription discounts , get early access to features , and enjoy other exclusive perks. With over 2,000 creators already onboarded and millions of followers behind them, demand for SUBBD could surge rapidly once the platform launches. To buy $SUBBD at its discounted presale price and reap the highest returns, head to the SUBBD website and connect your wallet (e.g., Best Wallet ). You can either swap USDT or ETH or use a bank card to invest. The post Cardano Price Prediction: New Stablecoin on Cardano Praised as ‘More Advanced’ Than USDC – Will Investors Finally Take Notice? appeared first on Cryptonews .

cryptonews 2025-08-01 21:50
Hong Kong’s Stablecoin Bill Takes Effect, Licensing Regime Now in Force
Key Takeaways: Hong Kong’s licensing regime could allow HKD- and CNY-pegged stablecoins to compete in Asian settlement markets dominated by the USD. Regulatory clarity may encourage institutional entry, but smaller firms could face high compliance costs under the new framework. Non‑USD stablecoin initiatives could test whether regional demand supports alternatives to dollar-backed assets in practical financial operations. Hong Kong’s Stablecoin Bill officially took effect on August 1, establishing a licensing regime for fiat‑referenced stablecoin issuers. Under the new Ordinance, any entity issuing fiat‑referenced stablecoins in Hong Kong—or abroad if pegged to the Hong Kong dollar—must obtain a license from the Hong Kong Monetary Authority. Hong Kong Among First Regions to Regulate Stablecoins According to a recent report , issuers are required to maintain proper reserve asset management, segregate client assets, operate stabilization mechanisms, and honor redemption requests at par value under reasonable conditions. The law also mandates compliance with anti‑money laundering and counter‑terrorist financing standards, risk management protocols, disclosure rules, audits, and fit‑and‑proper criteria. The Monetary Authority said it will conduct further consultations on detailed requirements in the future. Only designated licensed institutions may sell fiat‑referenced stablecoins in Hong Kong, and retail investors are limited to those issued by licensed providers. To combat fraud, advertising for unlicensed stablecoin issuance is prohibited, including during the six‑month non‑contravention period. Non-USD Options Emerge in Alternative Markets The Ordinance passed by the Legislative Council in May now places Hong Kong among the first global financial hubs with a dedicated licensing system for fiat‑referenced stablecoins. By enforcing strict reserve and redemption rules, the framework seeks to reduce systemic risks and protect retail participants. Green fintech is reshaping finance for a sustainable future. As climate action and ESG integration take centre stage globally, this powerful fusion of finance and technology is driving real change. pic.twitter.com/gadX2UN2ny — HKMA 香港金融管理局 (@hkmagovhk) July 30, 2025 Institutional adoption may increase under the regime, as regulatory clarity often attracts larger financial players. However, compliance costs could limit participation from smaller firms, potentially concentrating the market among major issuers. The law also positions Hong Kong to compete with jurisdictions like the U.S. and Singapore, where stablecoin frameworks are advancing. International alignment may prove key in drawing cross‑border capital and facilitating regulatory cooperation. With the U.S. dollar-based stablecoins taking the lead in the global market, products like the HKD stablecoins and offshore CNY stablecoins are exploring opportunities to break out of the USD dominance in regional markets. If successful, the launch of non-USD stablecoins could offer a widely accepted alternative to mainstream settlement measures. Frequently Asked Questions (FAQs) Will the licensing regime impact stablecoin transaction fees in Hong Kong? By enforcing reserve and compliance requirements, issuers may face higher operational costs, which could influence transaction fees for users. What protections exist if a licensed stablecoin issuer fails? The reserve segregation and redemption rules are designed to ensure holders can redeem at par value even if the issuer collapses. Could banks in Hong Kong play a role in issuing licensed stablecoins? Yes. The framework opens a pathway for traditional financial institutions to issue fiat‑referenced stablecoins under strict regulatory oversight. The post Hong Kong’s Stablecoin Bill Takes Effect, Licensing Regime Now in Force appeared first on Cryptonews .

cryptonews 2025-08-01 21:47

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