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 …
J.B. Pritzker accused the Trump administration of letting “crypto bros” write Federal policy as Illinois advanced strict state protections.
Worldcoin is struggling under pressure as regulatory scrutiny deepens and investor sentiment weakens. The WLD crypto price has fallen to $0.9265, down 2.98% overnight, 6.3% over the past week, and 22% in the last month. With its market cap at $1.74 billion and 24-hour trading volume sliding 10.46% to $169.58 million, WLD crypto price is …
Michael Saylor revealed on Aug. 18 that Strategy (formerly MicroStrategy) has revised its stock issuance policy amid the financial instrument’s current downward trend. The company had previously limited stock sales below 2.5x market-to-net asset value (mNAV) strictly to cover debt interest or preferred share dividends. Under the new rules, the firm can now issue stock […]
The post Strategy eases MSTR stock sale limits as shares hit lowest level since April appeared first on CryptoSlate.
With XRP staring down the barrel of bears, there are now a number of levels that are important to watch as the month progresses. Crypto analyst EGRAG CRYPTO has outlined these important targets for investors to pay attention to, as they could be the make-or-break points for XRP. What To Watch Out For With XRP At the start of the analysis, the crypto analyst first implores investors to make sure that they adjust their perspective as things change. This is to ensure that they do not lose sight of the macro picture and are able to keep up with the market trends. That said, there are different levels that are now determining where the XRP price could be headed next, as bulls and bears continue to vie for total control. Related Reading: It Is ‘Genuinely Impossible’ For XRP To Hit $1,000; Pundit Warns After breaking below $3 again, the XRP price is already at risk of being completely overtaken by bears as they continue to mount bear pressure. From here, the determining target lies at the $2.9 support, which the bulls must hold if there is going to be any further decline. As EGRAG CRYPTO explains, if bulls do not hold this level, then XRP could be looking at a more than 10% crash from here. A break of this support would confirm that the price is fulfilling a Wave 5 structure, and the analyst sees this leading to a decline to as low as $2.65. On the flip side of this are levels that could point to a resumption of the upward rally if broken. The first of these is to reclaim $3 decisively before moving toward the $3.13. Once the price is able to surmount the resistance at $3.13, this is where the real action starts as the first major milestone in the move. Related Reading: Two Scenarios Map Out Bitcoin Price Crash After Recovery Next is the $3.20 resistance, which needs a decisive close. As the analyst explains, closing above $3.20 will be the confidence boost needed to continue the upward move, and after here, there is a bit of a gap before the XRP price encounters the next major resistance. Once the price gets to the $3.45 level, then it is gearing up to clear new all-time high levels. This gives way to the very last roadblock to new all-time highs, and that is the $3.65 target. This is where the analyst tells investors to watch as the price makes its way upward. Featured image from Dall.E, chart from TradingView.com
Bernstein raised its price targets for Coinbase, Robinhood and Circle, saying policy tailwinds and surging volumes could push the bull market into 2027.
Bitcoin still has bullish BTC price targets; analyst BitQuant predicts that bulls are safe from a trip "even close" to the $100,000.
Spot Ether ETFs saw almost $200 million in outflows on Monday amid increased unstaking and investor interest shifting from Bitcoin to ETH.
Markets demand a higher premium for U.K. debt compared to U.S. Treasury notes.
Illinois is taking serious action to protect people from growing crypto risks. With scams and fraud on the rise, Governor JB Pritzker has signed two groundbreaking bills, the first of their kind in the Midwest, to give consumers stronger protections and hold digital asset businesses accountable. Illinois Cracks Down on Crypto Risks Both bills add …
Bitcoin (BTC) is attempting to reclaim a crucial level as support after bouncing from the recent drop below $115,000. Nonetheless, some analysts warned that the cryptocurrency is entering a corrective phase with a potential 15%-25% drop. Related Reading: Analyst Predicts ‘Utility Run’ Will Send XRP Price To $100 Bitcoin Risks Drop Below $110,000 On Monday, Bitcoin fell below the $115,000 level for the first time in nearly two weeks, retesting the $114,500 support before bouncing. The flagship crypto has been hovering between its local price range since August 7, hitting its latest all-time high (ATH) of $124,200 before ultimately being rejected from the range highs. Now, some market watchers have affirmed that BTC has entered a corrective phase, which could send the cryptocurrency below other crucial support levels. Ali Martinez noted that the recent rejection “came in the form of a deviation, which often signals weakness and opens the door for deeper pullbacks.” According to the analyst, Bitcoin has been trading within the $112,000-$122,000 price range, suggesting that the local bottom is the next key support level to watch as momentum leans bearish. Notably, the cryptocurrency immediately bounced from today’s drop, reclaiming the recently lost $116,500 breakout level, and nearing the $117,000 area again. To the analyst, a confirmed rebound could reset bullish momentum, sending the price to the range highs. However, if BTC’s price drops again and the $112,000 support doesn’t hold, the cryptocurrency risks triggering a $4,000 drop to the $108,000 area. Martinez highlighted that on-chain data shows a liquidity grab between these two levels. Additionally, the Accumulation Trend Score, which dropped to 0.20, signals that holders are “redistributing their Bitcoin rather than accumulating at these levels.” Has The Price Discovery Correction Begun? Analyst Rekt Capital pointed out that BTC failed to hold the crucial $119,000 level as support on the weekly chart, closing on Sunday below its weekly bull flag pattern that had been developing since early July. According to a previous analysis, turning the pattern’s bottom into resistance would be a bearish retest that would confirm the breakdown from the pattern, and potentially lead to a new retest of the $112,000 area. Amid its recent performance, he asserted that Bitcoin has entered its second Price Discovery Correction, which has historically followed the second Price Discovery Uptrend peak, between weeks 5-7. “Interestingly, the upside wick that formed last week developed right at the finish line in Week 6 before pulling back. This upside wick was crucial because it came to save the historical cyclicality that we tend to see in price action across cycles,” the analyst explained, as the previous ATH formed in Week 2 of the second uptrend. Related Reading: Ethereum Store-of-Value Evolution: From Utility Token To Digital Reserve Asset Rekt Capital suggested that Bitcoin could be transitioning into a corrective period. Nonetheless, he noted that this corrective might not last as long as previous corrections, as at this moment of the 2017 and 2021 cycles, BTC pullbacks lasted between 1-3 weeks and were 25% and 29% deep, respectively. “In both cases, these pullbacks were shorter and shallower by the standards of the previous corrections in the respective cycles,” he detailed, concluding that BTC must “ideally resolve this pullback over the next handful of weeks and perform a relatively shallow pullback of -15% to -25%.” Featured Image from Unsplash.com, Chart from TradingView.com
The American Innovation Project, a nonprofit, will “foster informed dialogue” about crypto in Washington. By law, it’s not allowed to substantially influence legislation.