Behold, the Financial Services Commission, that noble assembly of regulators, shall unveil its grand design for a stablecoin bill before the National Assembly in the month of October. A document so intricate, it shall rival the epics of old, detailing the rules of issuance, collateral management, and the delicate art of risk control. 📜
In the Gulag of charts, Shiba Inu’s candlesticks now march in lockstep toward the abyss, twenty percent lighter than the fleeting summit of this very moon-cycle. A 3.65 % drop on the nineteenth of August, the day the whole crypto kolkhoz was ordered to dig deeper trenches: $0.00001263-the price of a half-eaten sunflower seed. 🌻
Meanwhile, Ethereum (ETH) is having a full-on meltdown, down nearly 5% because apparently, it forgot to take its chill pill. It was flirting with $4,500 over the weekend, but now it’s sulking at $4,261. Ripple (XRP) and Dogecoin (DOGE) are also in the dumps, down 4.99% and 4.67% respectively. Solana (SOL) is like, “Hold my beer,” and drops nearly 6%, trading around $181. Cardano (ADA), Stellar (XLM), and the rest of the gang are also having a bad hair day. But hey, Chainlink (LINK) is the cool kid at the party, up nearly 2% at $24.50. Go, LINK, go! 🚀✨
• XRP, once valiant at $3.14, has now fallen to $2.97, its greatest retreat since July.
• A collection of whales, with rather deep pockets, acquired 440 million XRP whilst retail traders scurried off.
• A symmetrical triangle pattern has appeared on the charts, perhaps foreshadowing a breakout near $3.90 if the resistance is bested.
• Alas, the broader crypto markets too, have shown weakness, as risk-off sentiment takes root.
In an announcement made via WeChat (because of course, what else would they use?), CMB has revealed that it now offers virtual asset trading services. This magical moment followed the granting of a virtual asset service provider license by the Hong Kong Securities and Futures Commission, a process that took place in mid-July. How thrilling!
In a move that screams “buy high, pray it doesn’t drop too low,” Strategy added 430 more Bitcoin (BTC) to their stash during the week that ended on Sunday, according to a filing with the SEC. This little acquisition cost them around $119,666 per coin. Seems a bit much, but hey, Bitcoin’s known for its mood swings. One minute, it’s soaring to $124,000, and the next, it’s dragging itself down to $115,000. CoinGecko, I see you.
Lets you know, dear reader, that local sleuths scrutinized 2,962 residents harboring a collective debt of nearly 20 billion won (that’s about $14 million in human money). Among these, 50 individuals had parked their crypto assets on major exchanges, like so many asteroids in a cosmic parking lot. 🚀
Mark your calendars, for on August 18, 2025, at precisely 23:00 (UTC+8), PLUME shall make its glorious debut on the trading stage. Trading pairs? Oh, they’ve rolled out the red carpet: USDT, USDC, BNB, FDUSD, and TRY are all invited to this gala. Naturally, the festivities will adhere to Binance’s Seed Tag rules, because what’s a party without a few regulations to keep things “orderly”? 🎭
Starting in August 2025 (because why rush these things?), foreign tourists will be able to swap their cryptocoins for good old-fashioned Thai baht. And let’s face it, no one travels halfway around the world to pay for pad thai with Bitcoin directly-QR codes are far more dramatic. This 18-month experiment is aimed squarely at reviving tourism, which took a hit when Chinese visitors became scarcer than pineapple on pizza in certain parts of Italy.
Picture this: Faraday Future, in a dazzling display of technological bravado, is weaving its smart EV operations into a Web3-powered financial tapestry, crafting a self-sustaining loop that promises to harness the long-term allure of AI-driven vehicles while riding the rollercoaster of digital assets. It’s a two-for-one deal, folks! Who knew the future of transportation would come with a side of cryptocurrency?
