Cryptocurrency Live News & Updates : Crypto Stocks Hit 4-Month Low Amid Market Decline
Crypto stocks plummeted on Tuesday, with Bitcoin dropping to $113,000. MSTR fell 7.8%, while ETH and SOL-focused treasuries faced larger losses as investors await Fed Chair Jerome Powell's speech.
Toyota Investigates Blockchain for Car Asset Tokenization
Toyota is investigating the tokenization of vehicles, aiming to transform car ownership into tradable assets through a new blockchain network that tracks vehicle data.
Senator Scott Seeks Democratic Support for Crypto Legislation
Senator Tim Scott anticipates 12 to 18 Democratic votes for the CLARITY Act, while facing opposition from Senator Elizabeth Warren, who labels the bill an industry handout.
Solana Shows Promise Despite Recent Price Decline
Solana's SOL token has dropped 15.5% from its peak, raising bearish concerns. However, strong DEX volumes, a 20% increase in total value locked, and rising institutional interest suggest potential for recovery.
Fed's New Supervision Chief Advocates Crypto Integration
Michelle Bowman, the Federal Reserve's vice chair for supervision, urges a shift from cautious regulatory approaches to embrace crypto, emphasizing the need for clear rules and allowing Fed staff to hold crypto assets.
Bitcoin Could Reach $180,000 by Year-End, Says VanEck
VanEck analysts predict Bitcoin will hit $180,000 by year-end, citing bullish trends in futures markets and increased corporate demand for BTC.
HBAR Price Set for Rebound Amid RWA Optimism
Despite a recent market downturn, HBAR's bullish chart pattern and excitement surrounding its role in real-world assets suggest a potential price recovery.
Arbitrum Proposes Ronin L2 on Orbit Chain
A proposal has been made to develop Ronin L2 as an Arbitrum Orbit chain, aiming to transition the gaming chain to a fully Ethereum-compatible layer 2 by 2026.
Dazhihui Addresses Stablecoins and Virtual Assets
Dazhihui has clarified that it does not currently participate in stablecoin or virtual asset trading, citing a lack of necessary qualifications and no significant issues to address regarding market rumors.
U.S. Adds 407 Categories to Steel and Aluminum Tariffs
The U.S. Department of Commerce has expanded its steel and aluminum tariff list to include 407 product categories, imposing a 50% tax rate on these items.
Top Crypto Investment Insights from Franklin Templeton CEO
Franklin Templeton's CEO, Jenny Johnson, labels bitcoin a 'fear currency' and emphasizes investment in blockchain infrastructure over digital assets.
MetaMask Integrates with Tron's $26 Billion Ecosystem
MetaMask has partnered with TRON DAO to integrate the Tron blockchain natively, enabling its 100 million users to access Tron's extensive liquidity pools and dApp ecosystem directly.
Circle Introduces Gateway for Cross-Chain USDC Transfers
Circle has launched Gateway, allowing instant USDC transfers across seven major blockchains, enhancing stablecoin usability and liquidity management.
Bitcoin (BTC) Falls Below 113,000 USDT
As of August 19, 2025, Bitcoin has dipped below 113,000 USDT, currently trading at 112,991 USDT, reflecting a 2.98% decrease over the past 24 hours.
SNEK Price Forecast: Will It Surge Further?
SNEK is currently priced at $0.0046895, showing a recent decline. Predictions suggest potential fluctuations and a possible drop to $0.003852 by September 2025, while long-term forecasts for 2030 range between $0.011017 and $0.0291.
SingularityNET Launches MetaMo for AGI Systems
SingularityNET has launched MetaMo, a comprehensive framework for developing motivation systems in general artificial intelligence (AGI), integrating advanced mathematical concepts to enable self-modifying agents.
SkyBridge Capital to Tokenize $300M Hedge Funds on Avalanche
SkyBridge Capital is set to tokenize $300 million of its hedge funds on the Avalanche network, partnering with Tokeny and Apex Group to utilize the ERC-3643 token standard.
Bowman Supports Limited Crypto Holdings for Fed Employees
Federal Reserve Governor Michelle Bowman advocates for allowing Fed employees to hold small amounts of cryptocurrency to improve their understanding of crypto products, citing potential recruitment benefits.
Bipartisan Efforts Expected for U.S. Crypto Legislation
As Congress remains in recess, there is optimism for bipartisan support on the Digital Asset Market Clarity (CLARITY) Act, with Senator Tim Scott anticipating Democratic backing following the passage of the GENIUS Act.
401(k) Plans Could Propel Bitcoin Adoption
André Dragosch from Bitwise believes that allowing cryptocurrencies in U.S. 401(k) plans could significantly enhance Bitcoin adoption, potentially introducing billions in new investments.
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Mint
3 minutes ago
- Mint
Altcoins aresurging under Trump. How new regulations could create winners and losers.
Bitcoin has finally broken into the mainstream after years as the noisy rebel of the financial system. Now, the Trump administration's crypto push could do the same for altcoins—at least some of them. For years, the world of cryptocurrencies operated as a financial Wild West, characterized by unchecked speculation, regulatory ambiguity, and occasionally spectacular downfalls. Now, just about three years after the collapse of exchange FTX shattered confidence in the sector, lawmakers are actively engaging in shaping rules to govern cryptos, classifying them as either commodities or securities. That, in turn, will remove the ambiguity and overlap over regulation, making investing less of a risk. 'It adds more certainty that [cryptocurrency] is here to stay," Jamie Hopkins, CEO of Bryn Mawr Trust Advisors told Barron's. For years, it has been unclear just where crypto fits in to the world of financial assets. Despite their name, cryptocurrencies aren't regulated as currencies and there have been legal cases over whether certain tokens should be considered commodities or securities. That ambiguity has had impact on their supervision and regulatory overlap between the Commodity Futures Trading Commission and Securities and Exchange Commission. The lack of a regulatory framework left investors in limbo, while the many attempted cases of litigation and government enforcement have discouraged people wanting to enter the industry. 'It creates a cautionary principle where you don't go to the edge of the cliff," Bitwise Chief Investment Officer Matt Hougan tells Barron's. 'You have to stop a hundred yards from the edge of the cliff because you don't know where the cliff is." A multiyear legal battle between Ripple Labs and the SEC served as a cautionary tale. The regulator charged Ripple in 2020 for selling XRP, which it considered an unregistered security. Ripple denied the accusations, arguing that XRP didn't act like a security and therefore shouldn't be subject to securities control. A district judge issued a split ruling in 2023 stating that retail XRP sales on public exchanges didn't qualify as securities transactions, however, some institutional sales did. After over four years, Ripple and the SEC finally settled and Ripple agreed to pay a fine of $125 million. In August this year, they jointly filed for dismissal of the case. The Clarity Act could be key to finally giving the industry the rules and predictability it has craved. It lays out a framework to distinguish whether digital assets are classified as commodities, overseen by the CFTC, or securities, under the jurisdiction of the SEC. Stablecoins, or coins typically pegged to the dollar that act like a crypto version of a money-market fund, have their own category and would fall under joint oversight of the SEC and the CFTC. The Act's backers say it gives the sector just that, while critics argue it doesn't do enough to ensure effective ways to enforce its rules and provide enough protection. The act still needs to pass through the Senate, which has published its own discussion draft market structure bill that would likely put most cryptos under SEC jurisdiction, although with exemptions from many aspects of securities laws. The House bill, would define a commodity as an asset with its value intrinsically linked to the use of a blockchain—that has a decentralized record of transactions maintained across computers. Furthermore that blockchain must be one that isn't controlled by any one person or group. Coins with a central issuer or controlling entity would fall under the SEC as a security. Most will want to avoid the latter, Hougan says. True value, he suggests, lies in the trust and characteristics of a truly decentralized ownership and governance structure. If a coin is too centralized to be classified as a commodity, it's little more than a 'a bad database." Law firm McMillan suggests a reconciliation process is expected that will converge both bills into a final text for passage. So far Bitcoin and Ether have typically been considered commodities by regulators due to their distinct decentralized nature of a broad ownership and governance structure, but most other coins remain largely undefined. Comparing them to Bitcoin or Ether would be like comparing the world's most valuable company, Nvidia, to a penny stock, Hougan says. For Bitcoin and Ether, regulatory advancements will be 'strictly positive," he adds. It could reduce their notorious volatility as well as remove the reputational risk that surrounds cryptos. Other coins, however, face a potential divide. The total cryptocurrency market has a value of nearly $4 trillion—around the same as Microsoft—with Bitcoin accounting for about two thirds of that. The rest is altcoins, or alternative coins, of which there are thousands. About 80 tokens have a market capitalization of more than $1 billion, according to CoinDesk data. The new law could give cryptos tied to a blockchain a leg up on their competitors, according to Professor Sarit Markovich at Kellogg School of Management. She sees cryptos tied to a blockchain like Ether, Solana, and Ripple's XRP as 'two-sided markets"—operating systems with app developers on one side and users on the other. Regulatory clarity and legitimacy would bring more users to these ecosystems, increasing their value and the price of the tokens tied to them, she says. In contrast, the long-term prospects for meme coins such as Dogecoin, Shiba Inu, or $TRUMP, despite potential short-term price bumps, appear more challenging. Meme coins don't typically have their own blockchain but are built on top of other blockchains. While financial advisors are coming round to making a place for cryptos in portfolios, they are divided on coins besides Bitcoin. Hopkins says he recommends clients interested in cryptos invest between 1% and 3% in via spot ETFs such as those by Fidelity, BlackRock, and Bitwise, leaning toward the lower end of that range, as opposed to investing in the coins themselves. BlackRock offers the iShares Bitcoin Trust ETF and the iShares Ethereum Trust ETF. Similarly, investors can buy the Fidelity Wise Origin Bitcoin Fund or the Fidelity Ethereum Fund. Bitwise also offers funds tracking the price of a basket of coins like the Bitwise 10 Crypto Index Fund, which is heavily overweight on Bitcoin but also includes 1% or more of Ethereum, XRP, Solana, and Cardano, as well as minor holdings of Chainlink, Sui, Avalanche, Litecoin, and Polkadot. If passed, the legislation would remove a key impediment to investing in crypto by providing much-needed regulatory clarity. The Bitwise 10 Crypto Index Fund may be a good place to start. While many still oppose cryptos altogether, that battle appears to have been fought and lost. Digital assets are here to stay—maybe it's time to embrace them. Write to Elsa Ohlen at
The Hindu
3 minutes ago
- The Hindu
Rupee rises 14 paise to 86.93 against U.S. dollar in early trade
The rupee appreciated 14 paise to 86.93 against the U.S. dollar in early trade on Thursday (August 21, 2025), on positive domestic equities and a rise in risk-on sentiments. Forex traders said the rupee is trading with a positive bias on a rise in risk appetite in the global markets amid hopes of peace between Russia and Ukraine. Moreover, investors are awaiting cues on the geopolitical front as well as the U.S. FED stance on interest rates. At the interbank foreign exchange, the rupee opened at 87.04, then touched an early high of 86.93, registering a gain of 14 paise over its previous close. On Wednesday (August 20, 2025), the rupee settled on a higher note at 87.07 against the U.S. dollar. 'The rupee may remain cautious, pressured by Fed-driven dollar strength and FII outflows, but supported by easing India-China tension. If the rupee breaches 86.95, it could move toward 86.80 level, while a break above the 87.10 resistance may open the way for a pullback toward the 87.40 level,' CR Forex Advisors MD Amit Pabari said. India and China have reached a new understanding on the management and control of the frontier during Foreign Minister Wang Yi's visit to New Delhi, the Chinese Foreign Ministry said on Wednesday (August 20). Mr. Wang visited New Delhi on August 18 and 19, during which he held extensive talks with NSA Ajit Doval and External Affairs Minister S. Jaishankar. Summing up the outcome of Mr. Wang's visit, Chinese Foreign Ministry spokesperson Mao Ning told a media briefing that the two sides also agreed on resuming dialogue mechanisms in various fields, deepening mutually beneficial cooperation, upholding multilateralism, jointly dealing with global challenges and opposing unilateral bullying acts. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.08% to 98.30. Brent crude, the global oil benchmark, was trading 0.37% higher to $67.09 per barrel in futures trade, as investors remained focused on the Ukraine peace push with a bigger-than-expected weekly drop in U.S. crude inventories and sanctions on Russia remaining in place for now. Traders are focussed on whether U.S. Fed Chief Jerome Powell will push back against market expectations for a rate cut on the September 16-17 meeting when he speaks at the Jackson Hole Symposium on Friday (August 22). On the domestic equity market front, the Sensex climbed 373.33 points to 82,231.17 in early trade, while the Nifty was up 94.3 points to 25,144.85. Foreign Institutional Investors offloaded equities worth ₹1,100.09 crore on Wednesday (August 20), according to exchange data.
News18
11 minutes ago
- News18
Asian shares mostly higher after mixed finish on Wall Street
Agency: PTI Last Updated: Manila, Aug 21 (AP) Asian shares were mostly higher on Thursday after a mixed finish on Wall Street, where shares in Nvidia, Palantir and other superstar stocks pared their earlier steep losses. Traders are looking ahead for cues about US monetary policy from a meeting of central bankers that begins later in the day in Jackson Hole, Wyoming. Federal Reserve Chair Jerome Powell is due to speak at the conference on Friday. The Fed has kept its main interest rate steady this year, primarily because of the fear of the possibility that President Donald Trump's tariffs could push inflation higher. But a surprisingly weak report on job growth across the US may be superseding that. In Tokyo, the Nikkei 225 fell 0.6 per cent to 42,636.74 after a survey showed Japan's factory activity remained in contraction for the second month in August. The S&P Global flash Japan Manufacturing Purchasing Managers' Index (PMI) increased to 49.9 in August from 48.9 in July, just below the 50 level that delineates between growth and decline. Regional manufacturers have been feeling pressure from Trump's higher tariffs on exports to the United States. In Chinese markets, Hong Kong's Hang Seng index edged 0.1 per cent lower to 25,135.09, while the Shanghai composite index rose 0.4 per cent to 3,779.52. South Korea's Kospi jumped 1 per cent to 3,161.74, while Australia's S&P ASX 200 index added 1 per cent to 9,005.00. Taiwan's TAIEX climbed 1.2 per cent, while India's Sensex added 0.1 per cent. 'Asian markets walked into Thursday like a card room still heavy with last night's smoke — muted, watchful, waiting for the next cue out of Jackson Hole," Stephen Innes of SPI Asset Management said in a commentary. On Wednesday, the S&P 500 dipped 0.2 per cent to 6,395.78 after trimming a 1.1 per cent loss earlier in the day. It is still near its all-time high set last week. The Dow Jones Industrial Average added less than 0.1 per cent to 44,938.31. The Nasdaq composite fell 0.7 per cent to 21,172.86. The day's action centred again around stocks caught up in the mania around artificial-intelligence technology. Nvidia, whose chips are powering much of the world's move into AI, sank as much as 3.9 per cent during the morning and was on track to be the heaviest weight on Wall Street following its 3.5 per cent fall on Tuesday. But it clawed back nearly all of Wednesday's drop and finished with a dip of just 0.1 per cent. As it pared its loss, so did broad market indexes because Nvidia is Wall Street's most influential stock by being its most valuable. Palantir Technologies, another AI darling, fell 1.1 per cent to add to its 9.4 per cent loss from the day before, but it had been down as much as 9.8 per cent on Wednesday morning. One possible contributor to the swoon was a study from MIT's Nanda Initiative that warned that most corporations are not yet seeing any measurable return from their generative AI investments, according to Ulrike Hoffmann-Burchardi, global head of equities at UBS Global Wealth Management. But the larger factor may be the simple criticism that prices for such stock have simply shot too high, too fast, amid the furore around AI and have become too expensive. In other dealings early Thursday, US. benchmark crude gained 30 cents to USD 63.01 per barrel. Brent crude, the international standard, added 26 cents to USD 67.10 per barrel. The US dollar rose to 147.37 Japanese yen, from 147.29 yen. The euro slid to USD 1.1648 from USD 1.1659. (AP) SKS GRS GRS (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 21, 2025, 11:45 IST News agency-feeds Asian shares mostly higher after mixed finish on Wall Street Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
