One of the world's strictest regulators of the cryptocurrency might be releasing a new stablecoin based on its national currency.

According to PANews, the Brazilian House of Representatives recently held a hearing to discuss Bill 4501/2024, which proposes allocating up to 5% of the country's international reserves, approximately $16.4 billion, to Bitcoin. The management of these reserves would fall under the jurisdiction of the Central Bank and the Ministry of Finance. However, the Central Bank has expressed opposition to the proposal, citing Bitcoin's high volatility and potential impact on the credibility of monetary policy. The bill is still under further review.

Gemini co-founders Tyler and Cameron Winklevoss donated 188 Bitcoins to the Digital Freedom Fund PAC on Wednesday, the former revealed in a new X post. New Crypto PAC Sees A Boost From Crypto BillionairesAccording to the August 20 social media post, the twin billionaires donated the crypto lump sum in order to help bring about “America’s […] source: https://cryptonews.com/news/winklevoss-twins-donate-more-than-21-million-to-digital-freedom-fund/

Major altcoins like Ether and Solana are strongly outperforming Bitcoin. BNB, the token of BNB Chain, surged 6% to a new all-time high of 875. Bitcoin’s market dominance is on the verge of hitting a new six-month low source: https://coinjournal.net/news/the-altcoin-uprising-ether-solana-and-bnb-defy-market-fear-as-bitcoin-stalls/

DigiFT's new $25M funding round led by SBI Holdings boosts tokenized product development and on-chain finance. source: https://coincu.com/356331-digift-secures-25m-funding-sbi

The drug developer turned digital asset treasury firm's delisting comes as crypto-linked stocks face a broader market downturn. source: https://decrypt.co/336170/nasdaq-boots-windtree-month-after-700m-bnb-treasury-pivot

Bitcoin price is attempting to recover from $112,500. BTC is back above $114,000 but faces many hurdles on the way up to $120,000. Bitcoin started a recovery wave above the $113,500 zone. The price is trading below $115,000 and the 100 hourly Simple moving average source: https://www.newsbtc.com/analysis/btc/bitcoin-price-faces-heavy-obstacles-115k/

According to Foresight News, during the Hong Kong Exchange's 2025 mid-year performance meeting, CEO Nicolas Aguzin emphasized the company's commitment to maintaining global competitiveness through strategic investments. He stated that the exchange is not hesitant to increase capital expenditures, particularly in enhancing data platforms and upgrading trading settlement systems. Aguzin also addressed the widely discussed topic of extending trading hours. He noted that Nasdaq plans to implement a 24/5 trading mechanism in the second half of 2026. The Hong Kong Exchange will adopt a cautious and gradual approach, drawing on international experiences and considering local market conditions. This process will advance as the trading system is upgraded, risk management systems are improved, and the regulatory framework is fully developed.

Leading cryptocurrencies rallied on Wednesday, despite hawkish Federal Reserve minutes dampening hopes for rate cuts. source: https://www.benzinga.com/crypto/cryptocurrency/25/08/47249985/bitcoin-ethereum-dogecoin-xrp-recover-as-crypto-sentiment-switches-from-fear-to-neutral-analyst-highlights-where-btc-may-find-support?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

According to Foresight News, Eric Trump, the second son of U.S. President Donald Trump, expressed his optimism about Bitcoin's future at the SALT Conference in Jackson Hole, Wyoming. He stated that Bitcoin is destined to surpass $1 million in value. Identifying himself as a 'Bitcoin maximalist,' Eric Trump revealed that he dedicates over 50% of his time to cryptocurrency projects. He also predicted that Bitcoin would reach $175,000 by the end of the year.

According to the announcement from Binance, the platform is set to introduce a new promotion for Plume (PLUME) as part of its Simple Earn Locked Products. This initiative aims to celebrate the latest token listing and offers eligible users the opportunity to earn a substantial 200% APR over a 7-day period. The promotion will run from 2025-08-21 00:00 (UTC) to 2025-09-04 23:59 (UTC). Eligibility for the promotion requires users to either complete identity verification during the promotion period if they are new, non-verified users, or achieve a minimum spot trading volume of $50 equivalent for existing verified users. It is important to note that it may take up to 48 hours for eligible users to access and subscribe to the special offer. Once subscribed, users can enjoy the 200% APR rewards for 7 days, even if this period extends beyond the official promotion dates. The subscription process follows a first-come, first-served basis, with specific terms and conditions applying. Rewards will be distributed daily to users' Spot Accounts, starting two days after the subscription. The APR rewards are calculated based on the subscription amount, APR, and locked period, divided by 365. There are minimum and maximum subscription limits per user, as well as an overall cap for all users, which will influence the total APR rewards received. Users interested in participating can purchase PLUME through various payment methods, including Visa, Mastercard, Apple Pay, Google Pay, and wallet balances. Alternatively, they can deposit PLUME directly into their Binance account. The promotion underscores Binance's commitment to offering competitive APR rates through partnerships with token partners, enhancing the value proposition for its users.

Federal Reserve Governor Stephen Waller, a leading candidate for the next Federal Reserve Chair, called for embracing a "technology-driven revolution" in artificial intelligence and stablecoins. He also revealed that the Fed is researching a new round of technological innovations, including tokenization, smart contracts, and AI-powered payments.

Golden Finance has launched the 2792nd issue of "Golden Morning 8", a morning newspaper for the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Stablecoins, which once stood still, are now experiencing new life.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

In the field of digital finance, Web3 is seen as a new generation of disruptive Internet infrastructure.

If we measure success by speculation, we'll build castles of sand. If we measure success by infrastructure, we'll lay foundation stones.

Recommended reading tonight: 1. Google invests $132 million in crypto mining: Why did it choose TeraWulf? 2. Interest rate cut expectations, DAT speculation, and market indicators: When will the bull market top? 3. BTC will remain the world's best-performing asset over the next 10 years.

Is the crypto market a healthy correction or a sign of recession? What's the outlook for the crypto market? Golden Finance reports that the downward trend seems to be unstoppable.

OpenAI is planning a secondary share sale that could see employees cashing out around $6 billion, potentially valuing the company at $500 billion. The move comes as revenue surges from ChatGPT growth and the firm expands with new funding, acquisitions, and AI development.