Wyoming's FRNT stablecoin could revolutionize state-level financial operations, enhancing efficiency and transparency in government transactions.
The post Wyoming launches Frontier Stable Token FRNT on Ethereum, Solana, Avalanche, and more appeared first on Crypto Briefing.
Robinhood has announced the listing of SUI spot trading. SUI is the native token of the Layer-1 Sui blockchain created by Mysten Labs. The news was initially shared on the official SUI blog but was later removed. Despite the blog post’s deletion, Robinhood confirmed the token’s availability, allowing users to trade SUI on its platform. …
Recently, the Ethereum price rally in Q3 has been impressive, with this August reaching $4740. Now, the ETH price is entering a very important trading phase in over four years. This will decide its next course, and it really is a “make-or-break time for the asset. At the same time, short-term pullbacks for the second-largest …
Wyoming announced the mainnet launch of the Frontier Stable Token stablecoin, becoming one of the first US states to issue a stablecoin.
Up to $2 billion in long positions face liquidation amid this Ethereum price crash. These positions would get liquidated if ETH drops to $4,200. Meanwhile, the ongoing wave of sell-offs puts the largest altcoin by market cap at risk of dropping to this level. $2 Billion In Liquidations On The Horizon Amid Ethereum Price Crash Coinglass data shows that $2 billion in ETH long positions are at risk of being wiped out on exchanges if the Ethereum price drops to $4,200. The liquidation heatmap shows that there is a massive cluster waiting to be triggered. Therefore, further declines to the downside could trigger a wave of forced selling even as traders rush to close their positions. Related Reading: Ethereum 4-Week Trend Shows When It Is Time To Sell Everything However, a positive for the Ethereum price is the fact that more traders are currently short than long. As such, market makers could hunt for liquidity at higher levels up to $4,500, where $2.8 billion in short positions could be wiped out if ETH reaches there. Market commentator Zerohedge also highlighted how the net ETH shorts are at new highs on the CME. Based on this, he remarked that these short traders are “generously providing liquidity into the new all time highs.” Notably, these shorts were at new highs back when ETH broke above $4,000 earlier this month. Meanwhile, ETH continues to see massive demand from the Ethereum treasury companies. The largest ETH treasury company, BitMine, yesterday announced that over the past week, it increased its ETH holdings by $1.7 billion to $6.6 billion. In the process, it added over 373,000 coins, increasing the total from 1.15 million to 1.52 million coins. Such purchases put massive buying pressure on ETH, which is bullish for the Ethereum price. Sell Pressure From ETFs And Whales It is worth noting that the Ethereum price is currently facing selling pressure from the ETH ETFs and some whales, which can be bearish for the altcoin in the near term. SoSo Value data shows that these funds recorded a net outflow of $196.62 million on August 18. BlackRock’s ETHA, the largest ETH ETF, saw a net outflow of $87.16 million. Related Reading: Pundit Predicts ‘Near Term’ Bitcoin And Ethereum Prices, There’s Still Room To Run This marked the second consecutive daily net outflows for the Ethereum ETFs. These funds had recorded an outflow of $59.34 million on August 15. Meanwhile, on-chain analytics platform Lookonchain revealed that whales like Longling Capital are offloading ETH. Longling Capital sold 5,000 ETH today, locking in profits. A whale that has been dormant for a year has also begun selling and has sold 3,075 ETH so far. At the time of writing, the Ethereum price is trading at around $4,230, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Bitcoin and ether revisited recent lows before rebounding and altcoin prices were even more lackluster.
The new group’s offerings will cover centralized and decentralized exchange infrastructure, real-world asset tokenization, staking, and decentralized finance.
The crypto rally may have much more fuel left. Analysts at Bernstein say the current bull market could stretch all the way into 2027, supported by U.S. policy moves and stronger institutional adoption. Here are the details you can’t miss out on. Bitcoin Still Leads, But the Market Is Widening Bernstein expects Bitcoin to climb …
Illinois Governor JB Pritzker criticized President Donald Trump for allowing crypto insiders to shape federal policy, saying the approach puts investors at risk. In an Aug. 18 post on X, Pritzker contrasted Trump’s approach to his state’s commitment to structured, investor-focused regulations. According to him: “While Trump lets crypto bros write federal policy, Illinois is […]
The post Trump blasted for ‘bro’ culture as Illinois Governor enacts tough crypto rules shaking state industry appeared first on CryptoSlate.
The upcoming Federal Reserve meeting on August 20 could decide how the crypto market moves in the weeks ahead. On top of it, Fed Chair Jerome Powell’s Jackson Hole speech may hint at a possible September rate cut. Many crypto experts are now wondering how digital assets might react to the Fed’s next decision. Fed …
One million contracts of the $4 XRP call option expiring on Dec. 26 changed hands via a block trade on Monday.
Wyoming has launched the Frontier Stable Token (FRNT), becoming the first U.S. state to issue its own stablecoin. Backed by USD and short-term U.S. Treasuries, FRNT is now live on seven major blockchains, including Ethereum, Solana, and Polygon. Despite this milestone, the token is not yet available for public trading due to ongoing regulatory challenges. …
The Frontier Stable Token has been deployed on Arbitrum (ARB), Avalanche (AVAX), Base, Ethereum (ETH), Optimism (OP), Polygon (POL), and Solana (SOL) networks.
Trump’s move to allow crypto in 401(k) retirement plans could push Bitcoin to $200,000 by the end of the year, according to Bitwise’s head of European research.
Bo Hines, who led the White House Crypto Council and aided the GENIUS Act, has joined Tether as strategic advisor as the firm moves to enter the U.S.
Your day-ahead look for Aug. 19, 2025
The US Department of the Treasury is requesting public input on the GENIUS Act. In a notice on Monday, the department said it is seeking opinions on how financial institutions can combat illegal activities involving the case of digital assets. US Treasury Seeks Public Comments on GENIUS Act The request is a requirement under the …
Tether has made its boldest move yet in the stablecoin race. The world’s largest stablecoin issuer has hired Bo Hines, President Trump’s former crypto chief, to spearhead its U.S. strategy and expansion. Here’s what that could mean. From White House to Tether Hines was little known before Trump tapped him earlier this year to help …
Despite its weekend downturn, Bitcoin is up over 22% year-to-date, but public mining companies listed on NASDAQ have struggled to keep pace. The equal-weighted basket of mining stocks has gained just over 12% between Jan. 1 and Aug. 18. However, that underperformance masks a reversal in the past two months, when miners surged more than […]
The post High betas, low correlations: miners break from Bitcoin patterns appeared first on CryptoSlate.
CrediBULL Crypto (@CredibleCrypto) argues that market structure across three charts—XRP/ETH, XRP/USD and ETH/USD—now tilts in favor of renewed XRP outperformance versus Ethereum. XRP Ready To Crush Ethereum? In an update on X, the analyst wrote: “XRP/ETH has hit my downside area of interest (also midrange) after a 3 month correction that followed a 700% rally off of range lows… XRP/USD is now in its 9th month of consolidation above the highest monthly close in its history… ETH/USD is approaching prior ATH after completing a clean 5 wave move off of $2100 and is likely due for some consolidation.” He concluded: “When you put all this together, it suggests we are getting closer to the next period of outperformance on $XRP against $ETH… It’s almost time to zerp it.” On the XRP/ETH three-day chart, price has retraced to the analyst’s highlighted support cluster that doubles as the midrange of the 2025 advance. The demand band spans roughly 0.0007322–0.00065 ETH per XRP, with the midrange annotated at 0.0007322 and a measured 100% level at 0.0001876. Related Reading: It Is ‘Genuinely Impossible’ For XRP To Hit $1,000; Pundit Warns This test follows a four-month drawdown from a mid-April peak that briefly pushed above resistance—marked on the chart as a “deviation”—before mean-reverting lower. Immediate reference resistances overhead are shown at 0.007864 and at 0.0010106 as well as the larger range cap near 0.0012768. Holding the 0.0007322–0.00065 area would preserve the higher-time-frame uptrend in the ratio and keep a recovery toward the 0.0010–0.00128 region in play. The monthly XRP/USD chart foregrounds duration and positioning. Price has spent nine consecutive months consolidating above the highest monthly close on record, plotted around $1.90. That multi-quarter acceptance above a legacy threshold is the kind of basing behavior often seen before trend continuation in strong cycles. The candles show orderly compression just north of the $1.90 line rather than impulsive rejection back into the prior range, underscoring the idea of digestion rather than distribution. In contrast, the Ethereum 4-hour chart is labeled as a completed five-wave advance from the $2,100 base, with ETH now pressing into the zone beneath its prior all-time high. The chart marks the former peak at $4,880, with a recent high at $4,787, and yesterday’s dip to $4,226. Related Reading: XRP Could Bleed Lower Before Any Major Rally, Analyst Warns Beneath the spot, a broad “HTF DEMAND” block is mapped in the mid-$3,000s to just under $4,000. The schematic the analyst draws allows for a final probe toward the $4,780–$4,880 band followed by consolidation or a deeper corrective sweep into that demand region before any higher-time-frame expansion. Put differently, ETH is confronting resistance into prior extremes after a completed impulse, a context that statistically favors time-based digestion or price-based retracement. Taken together, the cross-pair support on XRP/ETH, the endurance of XRP’s monthly structure above $1.90, and ETH’s proximity to its $4,787–$4,880 prior-high band after a clean five-wave push from $2,100 create a relative-strength setup that skews toward XRP. If the ratio continues to defend 0.00073–0.00065 and ETH spends time consolidating beneath or around prior ATH—with $4,226 and the mid-$3,000s demand as clear corrective references—the path of least resistance is for the XRP/ETH line to pivot higher toward 0.0010 and potentially the 0.00128 range cap. As the analyst summarized: “XRP may be gearing up for its next impulse while ETH may be cooling off from its last.” At press time, XRP traded at $3.01. Featured image created with DALL.E, chart from TradingView.com
Sussman succeeds Zain Saidin, who will remain on the company’s board and take on a new role as senior adviser.
The appointment of Hines signals a renewed focus on entering US markets and more investments in “domestic infrastructure,” Tether CEO Paolo Ardoino said.
South Korea’s crypto market just hit the brakes. The country’s top financial regulator, the Financial Services Commission (FSC), has ordered local exchanges to suspend all crypto lending services starting Tuesday, citing legal uncertainty and mounting investor risks. Why the Sudden Suspension? According to the FSC, lending products offered by exchanges were operating in a “legal …
Hines will guide Tether’s U.S. market push, focusing on policy engagement and digital asset growth, the firm said.
Faraday Future, the California EV maker, has revealed a new strategy with plans to link its AI-powered mobility platform with Web3 and cryptocurrency. The company is betting that this mix could reshape both the auto industry and digital finance. Faraday Bridges AI and Crypto At an event in Pebble Beach on August 16, Faraday unveiled …
Tether has appointed Bo Hines, former Executive Director of the White House Crypto Council, as its new Strategic Advisor. In this role, Hines will guide Tether’s U.S. strategy and support its expanding digital asset initiatives. His government and policy experience is expected to help the company strengthen its presence in the American market while navigating …
More than 20,000 Bitcoin were moved to exchanges at a loss by short-term holders this week, raising the odds for a BTC price dip toward $110,000.
Tether's strategic move may enhance US market influence, fostering innovation and regulatory alignment in the digital asset sector.
The post Tether taps former White House Crypto Council head Bo Hines to lead digital asset strategy in the US appeared first on Crypto Briefing.
Glassnode’s Accumulation Trend Score shows weakening demand across every cohort after recent highs
The crypto market faced heavy turbulence in the last 24 hours, with over $270 million in liquidations hitting traders. Ether and bitcoin longs led the wipeout, with $170 million in ETH and $104 million in BTC positions flushed. According to Derive.xyz founder Nick Forster, this was more of a reset in positioning rather than a …