Scott Bessent, the current U.S. Treasury Secretary has clarified that the Donald Trump administration is keen on implementing a strategic Bitcoin (BTC) reserve (SBR). Bessent noted via an X post that the United States will build an SBR from the $15 billion to $20 billion BTCs forfeited to the federal government.The recent remarks follow his earlier comments during an interview on Thursday with FOX Business, during which he stated that the United States will not be buying any Bitcoin. Bessent clarified that the U.S. is exploring budget-neutral options to acquire more Bitcoins for the SBR. “Treasury is committed to exploring budget-neutral…
Author: cryphedge
Hong Kong’s financial regulators cautioned investors to avoid making impulsive bets on stablecoin-linked assets after a spate of sharp price swings tied to speculation, corporate announcements, and unverified claims about licensing plans in the city.In a joint statement, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) said they had observed abrupt movements in share prices of companies linked to the stablecoin concept.These shifts often followed news reports, social media posts, or statements suggesting that firms planned to apply for a stablecoin issuer licence, engage in related activities, or explore such initiatives locally. Some claims referenced…
Ever tried explaining meme coins to a non-crypto friend and felt like you were describing a fever dream? Talking frogs, billionaire trolling stunts, pixel art ducks—welcome to the 2025 meme coin circus. This year’s market is filled with big personalities, bigger promises, and the kind of chart swings that would make a roller coaster jealous. From Housecoin’s brick-solid branding to Osaka Protocol’s ambitious tech-meets-meme vision, the space is buzzing. But there’s one live presale right now that’s scratching at the door for top billing—and it’s moving faster than a trader after a 10x alert. Trollercat’s presale is currently purring along at…
Ethereum (ETH) keeps showing its power, now priced near $3,800, and a lot of bullish voices are pointing to a possible climb to $7,200. That upbeat vibe is rippling through the whole altcoin market, and Little Pepe (LILPEPE) is popping up as a hot new contender. Ethereum’s Bullish Setup Points to $7,200 Ethereum has been hanging tight above $3,500, forming higher lows that keep the climb steady. Analysts tell us that the latest move up looks like a solid continuation signal. The buzz is coming from deep-pocket investors and a solid rise in activity on decentralized apps, and both are pushing…
President Donald Trump has discredited the inflation fears caused by Thursday’s hotter-than-expected Producer Price Index (PPI). Trump told reporters on Thursday that inflation is down to a ‘perfect number’ thus rejuvenating hopes for a Fed rate cut in September.“Hardly any inflation at all. 401(k) s and the stock are soaring,” President Trump noted. Crypto Market Reacts to Inflationary Pressures Notably, Thursday’s PPI data hinted at a possible increase in next month’s Consumer Price Index (CPI). As a result, fears of the Fed holding its benchmark rate at 4.5% surged, thus causing heavy liquidation of long traders.According to aggregate market data from CoinGlass,…
Bitcoin hits $124K ATH as Trump’s pro-crypto reforms and Fed cut hopes drive investor demand. Trump opens 401(k)s to Bitcoin, boosting adoption from the $7.5T US retirement market. MAGACOIN FINANCE named top 2025 altcoin presale with $11.7M raised and DeFi-meme hybrid appeal. Bitcoin surged past $124,000 this week, driven by US policy shifts under President Donald Trump and optimism over a September Fed rate cut. At the same time, analysts are spotlighting MAGACOIN FINANCE as the best altcoin presale for building cycle-defining portfolios in 2025. Bitcoin hits record high above $124K Bitcoin reached $124,457 early Thursday before stabilizing near $121,500,…
Crypto Journalist Anas Hassan Crypto Journalist Anas Hassan About Author Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech. Share Last updated: August 14, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and…
Journalist Tanzeel Akhtar Journalist Tanzeel Akhtar About Author Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,… Share Last updated: August 14, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to…
Ripple CTO says XRPL’s maturity, low fees, and flexibility make it ideal for future global finance. XRPL offers a permissionless design with optional regulated features for broad financial use cases. Proof-of-Authority consensus gives XRPL fast, predictable settlement for institutional-grade payments. Ripple’s Chief Technology Officer (CTO), David Schwartz, has outlined how the XRP Ledger’s (XRPL) architecture and history position it as a competitive choice for powering future global financial systems. His remarks come as more payments and stablecoin companies develop their own blockchains, reflecting a wider industry move to treat blockchain as core infrastructure rather than an experimental technology. With financial…
Wellgistics Health Inc (NASDAQ: WGRX), the leading independent pharmacy distributor, announced on Wednesday the launch of an XRP payment program for pharmacies across the US. The new program will enable pharmacies to make payments leveraging blockchain technology in collaboration with Ripple Labs. The medical pharmacy industry usually takes days to settle invoices through the traditional method of bank transfers.With the help of blockchain technology, Ripple will power Wellgistics Health to settle payments in seconds through XRP transfers. Ripple will handle onboarding, transactions, and reporting, making payments faster with lower transactional fees. Wellgistics Health serves over 6,500 independent pharmacies under its…
