Tether is escalating its U.S. expansion with a high-profile hire from the Trump administration, signaling a bold push to influence stablecoin policy and dominate digital assets. Trump’s Crypto Strategist Joins Tether in Bold Move to Lead US Stablecoin Shift Tether announced on Aug. 19 that Bo Hines has been appointed as Strategic Advisor for Digital […] Source CryptoX Portal
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Ethereum is under pressure as volatility spikes, with the price recently slipping below the $4,300 mark. After weeks of strong momentum and multi-year highs, bulls are now struggling to defend support zones. The loss of this level raises concerns about a potential deeper correction, though fundamentals remain firmly bullish. Related Reading Institutional adoption continues to provide strong tailwinds, with major firms increasing exposure to Ethereum through ETFs, treasury strategies, and on-chain accumulation. This steady demand reflects growing confidence in ETH’s long-term role within the digital asset ecosystem. At the same…
Key Notes SoFi’s international transfers convert USD to Bitcoin, using the Lightning Network for real-time global remittances. Service begins in Mexico later this year, with transparent rates, 24/7 access, and phased expansion to new markets. SoFi is working to offer crypto services from 2023, and now, with the new crypto-friendly regulations, it is launching in 2025. SoFi Technologies (NASDAQ: SOFI) announced it will introduce a blockchain-powered international money transfer service later this year, making it one of the first US banks to leverage the Bitcoin Lightning Network for cross-border remittances.…
Key Notes Strategic MetaMask integration positions Tron for enhanced global accessibility and potential adoption growth across regions. Trading volume surged 10% to $1.25 billion following the partnership announcement despite widespread market weakness. Technical analysis suggests potential upside toward $0.37-$0.40 if current support levels hold above $0.34 moving average. Tron Network confirmed a strategic partnership enabling TRX to integrate directly into MetaMask, the world’s leading self-custodial crypto wallet. This move significantly strengthens user accessibility and increases the likelihood of higher on-chain adoption. “With TRON’s strong presence in Asia, this integration also…
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Bitcoin (BTC) fell to $114,386 earlier today, triggering nearly $300 million in liquidations over the past 24 hours as investor confidence in the asset remains shaky. Still, rising spot trading volumes offer a glimmer of hope that BTC may now be entering an accumulation phase. Is Bitcoin In The Accumulation Phase? According to a CryptoQuant Quicktake post by contributor Amr Taha, Binance’s BTC spot trading volume surpassed $6 billion on August 18 – one of the most significant spikes this month. Taha noted that such sudden spikes typically signal increased…