Hong Kong has officially recognised stablecoins as legal payment tools rather than speculative assets. Authorities expect this will cut cross-border payment costs and require strict rules to ensure security and compliance.

According to BlockBeats, CryptoQuant analyst Axel Adler Jr has identified significant support levels in the cryptocurrency market. The recent strong support zone is located between $100,000 and $107,000, where the short-term holder realized price intersects with the 200-day simple moving average. Below this range, another support level is found between $92,000 and $93,000, representing a deeper support reflecting the cost basis of short-term investors holding for three to six months. If the market falls below the $100,000 to $107,000 range, this deeper support level will become a critical second line of defense.

According to BlockBeats, U.S. Treasury yields for terms of five years and above increased during Asian trading after U.S. President Donald Trump dismissed Federal Reserve Board member Lisa Cook over alleged mortgage application fraud. Danske Bank analyst Asger Wilhelm Dalsjo noted in a report that this unprecedented move could challenge the Federal Reserve's independence. Cook's departure allows Trump to further reshape the Federal Reserve Board, potentially impacting future monetary policy. Cook has denied the allegations. The market's reaction, reflected in the changes in U.S. Treasury yields, indicates uncertainty about potential policy shifts and the future direction of the Federal Reserve.

According to PANews, London-listed technology firm The Smarter Web Company (SWC) has raised £3.7 million (approximately $5 million) through its latest subscription batch, issuing 1,898,201 ordinary shares. While the official announcement did not specify the intended use of the funds, there are reports suggesting that the company may allocate part of the funds for purchasing Bitcoin. The shares were issued at a price of approximately £1.93 each, and the company expects to receive about 97% of the net proceeds this week. The subscription activity took place from August 11 to 22, and a new subscription agreement will be signed for the remaining 2,591,799 ordinary shares.

This initiative may create the largest corporate Solana treasury as existing treasuries hold a combined amount of around $650 million. source: https://www.theblock.co/post/368201/pantera-capital-solana-treasury?utm_source=rss&utm_medium=rss

Robinhood and Strategy both saw their stock prices sink as they were looked over for inclusion on the S&P 500, which went to Interactive Brokers Group. source: https://cointelegraph.com/news/robinhood-strategy-shares-dip-miss-sp500-inclusion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Over the weekend, a spree of fake tokens inspired by soccer legend Cristiano Ronaldo began spreading online after rumours started that the soccer star was preparing to launch a token called CR7.

According to PANews, two MIT graduate brothers, Anton and James Peraire-Bueno, have filed a motion in the New York Manhattan Federal Court to exclude their Google search records as evidence in a case involving the alleged theft of $25 million in cryptocurrency through a blockchain vulnerability. Prosecutors aim to use the brothers' searches for terms like "top crypto lawyers" and "wire fraud statute of limitations" to demonstrate criminal intent. However, the defense argues that these searches occurred during legal consultations and are protected by attorney-client privilege. This case is notable as it is the first criminal case involving the MEV-boost blockchain vulnerability. If convicted, the brothers could face up to 20 years in prison for each charge. U.S. District Judge Jessica G.L. Clarke will determine whether these search records can be admitted as evidence of criminal intent or if they merely reflect reasonable legal consultation behavior.

Dogecoin, the popular cryptocurrency, has experienced a decline, slipping below the key support level of $0.22. As the market trends downward, bearish traders are now anticipating a retest of the next significant support level at $0.21, raising concerns about the continued downward pressure on the digital asset. source: https://blocknews.com/dogecoin-slips-below-0-22-as-bears-eye-0-21-retest/

David Martin brings 17 years of institutional trading experience to head Singapore-based platform's derivatives expansion source: https://www.blockhead.co/2025/08/26/asianext-taps-falconx-veteran-for-derivatives-leadership/

Gemini has overtaken Coinbase on the US Apple App Store’s finance category, even though Coinbase reports much higher trading volumes. source: https://cointelegraph.com/news/crypto-exchange-gemini-coinbase-app-store-xrp-mastercard?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to BlockBeats, Morgan Stanley has revised its forecast, now anticipating that the Federal Reserve will reduce interest rates by 25 basis points in both September and December. This marks a change from their previous prediction that there would be no rate cuts in 2025.

Bitcoin exchange-traded funds (ETFs) are quietly playing a role in reshaping the market’s supply dynamics.

The next 10 years will be a decade of strong development for BTC. It will be the best performing institutional asset, and its price will rise to $1.3 million by 2035, witnessing Bitcoin "from 1 to 100".

Taylor Thomson, wealthy heir of the giant media empire Thomson Reuters,is locked in a high-stakes legal battle with her former best friend, Ashley Richardson, after losing more than $80 million in cryptocurrency investments.

Malaysia’s YTL Group and Singapore’s Sea Limited have launched Ryt Bank, described as the world’s first AI-powered digital bank. It offers daily savings interest, PayLater credit, and cashback rewards, with deposits insured under Malaysia’s banking rules.

AI makes electricity the "primary variable", and crypto and stablecoins simply connect this physical variable directly to the monetary system; whoever can organize electricity and computing most effectively will be more qualified to define the next generation of monetary interface.

Trump's three-step plan to control the Federal Reserve is underway: replacing Powell, taking control of the Board of Governors, and firing the regional Fed presidents. If Cook is successfully fired, Trump could secure four seats, giving him a majority on the seven-member Fed Board.

The Fed's interest rate cuts are a turning point in the economic cycle, and their consequences go far beyond the surface. Based on historical and current data, the stock market is bullish in the long term, gold, silver, and Bitcoin will benefit, while bond and consumer interest rates will fall, but inflation risks will rise.

Golden Finance has launched the 2797th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.