Category: Analysis

China Merchants Bank Subsidiary Launches Licensed Crypto Exchange in Hong Kong

Key Notes CMB International received official licenses from Hong Kong’s Securities and Futures Commission in July for compliant trading. The exchange offers Bitcoin, Ethereum, and USDT trading exclusively through its mobile app in Hong Kong territory. China Merchants Bank ranks among the world’s top 25 banks with over $18 billion in assets under management. CMB International, a subsidiary of China Merchants Bank, launched an officially licensed, bank-affiliated cryptocurrency exchange in Hong Kong on Aug. 18. According to a report from Weixin Official Accounts Platform, CMB International has begun conducting cryptocurrency…

BTCS Inc. to Issue First Blockchain Dividend in Ethereum

Key Notes BTCS becomes the first Nasdaq-listed company to pay a dividend in Ethereum with a $0.05 Bividend. Eligible shareholders also receive a $0.35 per share Ethereum loyalty payment, totaling $0.40 in ETH. The move highlights growing institutional adoption and legitimacy of cryptocurrencies in corporate finance. On August 18, BTCS announced that it would pay shareholders a one-time blockchain dividend, otherwise known as “Bividend,” of $0.05 per share. Interestingly, this Bividend will be paid in Ethereum ETH $4 326 24h volatility: 5.1% Market cap: $520.40 B Vol. 24h: $47.25 B…

PENGU Price Dip Provides Buy Opportunity

Key Notes PENGU sees growing market presence, with Route 2 FI calling it a serious Dogecoin rival due to its strong community. PENGU price could see another 20% drop before bouncing back for a potential upside rally. ETF application and SEC review boost credibility, signaling potential institutional adoption and greater legitimacy for PENGU. Pudgy Penguins’ native cryptocurrency PENGU PENGU $0.0316 24h volatility: 4.6% Market cap: $1.98 B Vol. 24h: $382.87 M , has been in the limelight recently. Despite a 17% PENGU price drop over the past week, analysts are…

Flipster Introduces First Zero-Spread Crypto Perpetuals

Key Notes Flipster removes the invisible cost of spreads, usually incurred twice per trade, which often exceeds posted trading fees. Beyond zero spreads, Flipster provides over 20 major perpetual pairs, up to 100x leverage. The exchange also offers interest-earning balances, supported by institutional-grade security for active traders. Crypto perpetuals trading platform Flipster announced the launch of the industry’s first zero-spread trading model on Monday, August 18. This also makes it the first crypto exchange to truly eliminate and spreads, or hidden price gaps, which potentially drain trader profits. By introducing…

Ethereum Drops 6% as Whales Rush to Cash Out, What’s Ahead?

Key Notes Ethereum (ETH) slid nearly 6% to $4,260 as whales and traders booked profits near $4,700. Whale 0x89Da closed a $93.5M ETH long at a loss, then re-entered with a fresh $65.6M position. The NFT market lost $1.2B in a week as ETH’s dip dragged prices lower, with key support at $4,200. Ethereum ETH $4 352 24h volatility: 4.1% Market cap: $525.15 B Vol. 24h: $42.26 B slumped nearly 6% on Thursday, trading around $4,260 at press time as major whales and traders rushed to book profits after an…

Tourists in Thailand Can Now Convert Crypto to Baht

Key Notes Thailand rolled out its “TouristDigiPay” pilot program focused on boosting tourism in the country. The pilot program will run for 18 months under a regulatory sandbox overseen by the Ministry of Finance and other regulators. TouristDigiPay pilot program requires that participants comply with Thailand’s strict anti-money laundering (AML) customer verification rules and KYC requirements. On Monday, Thailand rolled out its “TouristDigiPay” pilot program, which is focused on boosting tourism in the region. According to a published statement, the program will run for 18 months, with regulators keeping an…

Pi Token Dips on 2nd Mainnet Rumors

Key Notes A Pi Network moderator hinted at a possible second mainnet migration in 2025. The migration would focus on unmigrated balances, referral rewards, and newly KYC-verified accounts. PI price has broken down from a symmetrical triangle, slipping below key $0.37 support. A Pi Network PI $0.36 24h volatility: 7.0% Market cap: $2.82 B Vol. 24h: $73.34 M community moderator suggested the possibility of a second mainnet migration in 2025. The comment, which emerged during a discussion around long-delayed referral bonuses and unverified balances, brought PI back in the spotlight.…

Solana Validators to Decide the Fate of Alpenglow Proposal

Key Notes Solana’s validators have commenced the voting exercise to support or disapprove of the SIMD-0326. This may be the upgrade that finally revolutionizes Solana in terms of performance. Solana recently achieved more than 100,000 Transactions Per Second (TPS). Solana’s SOL $180.9 24h volatility: 6.3% Market cap: $97.71 B Vol. 24h: $5.60 B validator community has commenced the voting exercise to support or disapprove of the SIMD-0326, also known as the Alpenglow proposal. Should they vote in favor of the proposal, the Solana ecosystem may be on its way to…

South Korea Pushes Won-Pegged Stablecoin Bill

Key Notes South Korea’s Financial Services Commission will submit a won stablecoin bill to parliament in October. Meanwhile, the US advanced its Genius Act and Japan is ready with its first yen stablecoin. Eight major banks plan to launch a joint won-pegged stablecoin by 2025–26 as well. South Korea is preparing to introduce legislation that could establish a regulatory framework for a won-pegged stablecoin, marking one of the country’s most ambitious pushes into the digital asset sector. FSC to Submit Stablecoin Bill in October According to local reports, the Financial…

XRP Drops Below $3 Amid Whale Sell-Off and Bearish Signals

Key Notes Analyst Ali Martinez warns XRP could fall to $2.60 or even $2. Whale activity on Binance suggests increased sell pressure. Despite the drop, new adoption developments bolster long-term outlook. As the crypto market shed nearly 3% of its total value to start the week, top altcoins saw the impact. XRP slipped below the key $3 level earlier today, recording a 5% drop in the past 24 hours. The dip has sparked warnings of an XRP price downturn from market experts. Popular analyst Ali Martinez stated on X that…