Author: James Wilson

Chinese regulators are reportedly clamping down on the growing hype around stablecoins, ordering firms to stop promotions around the subject. Summary Chinese regulators have reportedly ordered firms to cancel stablecoin events and halt related research. The clampdown comes as concerns grow that local hype is fueling fraud and misleading promotions. Despite the clampdown, insiders say China is still exploring a yuan-pegged stablecoin to counter the U.S. dollar’s dominance. According to an August 8 Bloomberg report, financial regulators in China have instructed companies to cancel seminars and halt all research publications related to stablecoins.  Citing people familiar with the matter, the…

A Change.org petition shared by Tether’s CEO to restore a vandalized Satoshi Nakamoto statue has just reached more than 1,000 signatures. What’s next for the statue? Summary A Change.org petition has received more than 1,000 signatures as of August 8. The original artist is willing to rebuild the statue at her own expense. A group of residents are asking for logistical and security support from the City of Lugano and a new location for the statue to be displayed. In a recent post, CEO of the stablecoin giant, Paolo Ardoino, shared that a Change.org petition asking for the restoration of…

Ethereum founder Vitalik Buterin reveals that, despite his immense crypto fortune, he still chooses to wash his own underwear by hand—a personal detail that offers insight into his unconventional approach to both wealth and daily life. Summary In a tirade against exorbitant hotel laundry room fees, ETH founder Vitalik Buterin said that rebelling against injustice, no matter how seemingly innocuous, is a personal principle—illustrating that small acts of defiance can be meaningful statements against unfairness in everyday life. Other billionaires, like Warren Buffett and Ingvar Kamprad, have voiced similar tendencies. What these tactics can teach us about life, wealth and…

Ethereum has broken out of its week-long slumber, posting fresh gains as whales and institutions double down. SharpLink, one of the largest public holders of ETH has increased its stack with a fresh buy, offering a boost to price. Summary Ethereum is trading above $3,900, up 7% in 24 hours. ETH-focused treasury company SharpLink bought another 22,000 ETH. Whales are doubling down on ETH acquisition, reversing the bearish pattern flagged earlier this week. According to crypto.news data, Ethereum (ETH) has climbed roughly 7% in the past 24 hours. It now trades slightly above $3,911, marking a clean breakout from the…

Gemini co-founders Cameron and Tyler Winklevoss have made an undisclosed investment in American Bitcoin Corp., a mining firm partly owned by US President Donald Trump’s sons Eric and Donald Jr. Summary Cameron and Tyler Winklevoss invested an undisclosed amount in American Bitcoin Corp., partly owned by Eric and Donald Trump Jr. The investment was part of a $220 million private placement that included both cash and Bitcoin. American Bitcoin plans to go public via a merger with Gryphon Digital Mining in early September. Speaking to Bloomberg, Hut 8 CEO Asher Genoot said the investment formed part of a private placement…

Animoca Brands has formed a joint venture with Standard Chartered Bank (Hong Kong) and HKT to seek a stablecoin issuer license in Hong Kong. Summary Animoca, Standard Chartered, and HKT launch Anchorpoint to apply for an HKMA stablecoin license. The trio joined the HKMA sandbox in 2024 to test regulated stablecoins. Only a few of over 40 applicants are expected to win approval. According to an Aug. 8 press release, the new entity, Anchorpoint Financial Limited, lodged its application with the Hong Kong Monetary Authority on Aug. 1, the day the city’s Stablecoin Ordinance came into effect. Evan Auyang, group…

The nearly five-year legal dispute between the U.S. Securities and Exchange Commission and Ripple Labs has come to an official close. Summary SEC and Ripple jointly dismissed appeals, ending the XRP lawsuit. Ripple will pay $50M, with $75M of escrowed funds returned. XRP’s programmatic sales remain classified as non-securities. This follows a joint filing on Aug. 7 to dismiss appeals in the U.S. Court of Appeals for the Second Circuit. Ripple chief legal officer Stuart Alderoty confirmed the outcome in an Aug. 8 post on X, stating the case was over and the company could get “back to business.” Following…

Bitcoin’s latest rally may be fuelled by smart money using the same mechanism that leads to short squeezes. Summary Smart money is now betting on Bitcoin, experts say Bitcoin could soon reach $123–127K, according to an analyst Fed rate cuts, ETF inflows contribute to bullish momentum Bitcoin (BTC) is up once again, and major players may be behind it. After a week of sideways movement, BTC once again reclaimed the $115,000 level, which restored short-term bullish sentiment across the crypto market. According to Bitunix analyst Dean Chen, this bullish breakout is likely driven by smart money. In commentary shared with…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin dominance dips, altcoin buzz rises, and Little Pepe may be this cycle’s breakout star. Summary Little Pepe pairs meme appeal with real L2 tech and staking rewards. Its presale gains traction as search interest spikes 500%. Crypto rotation favors altcoins, and LILPEPE may be the next breakout token. Markets move in cycles, and crypto is no different. Historically, Bitcoin ran first, setting the foundation for altcoins to explode in 2017 and 2021. And 2025 is following a…

Union Jack Oil is betting that converting gas into Bitcoin hashrate could generate early cash flow from its West Newton field, where 200 billion cubic feet of gas remains untapped due to bureaucratic delays. Summary Union Jack Oil plans to monetize stranded West Newton gas via Bitcoin mining, bypassing regulatory delays stalling traditional development. A non-binding deal with 360 Energy would use modular data centers to convert gas from the WNA-2 well into Bitcoin hashrate. In an operations update issued August 7, publicly traded UK energy company Union Jack Oil announced a preliminary agreement between field operator Rathlin Energy and Texas-based…