Detailed analysis on the Ethereum selloff and the impact of the derivatives market on traders' strategies. source: https://en.spaziocrypto.com/ethereum/ethereum-for-sale-pressure-from-derivatives/

ملخص تحليل اليورو دولار اليوم الاتجاه العام: هبوطى. نقاط الدعم لليورو دولار اليوم: 1. 1570 – 1. 1500 – 1 source: https://www.tradersup.com/%d8%aa%d8%ad%d9%84%d9%8a%d9%84%d8%a7%d8%aa-%d9%81%d9%86%d9%8a%d8%a9/%d8%aa%d8%ad%d9%84%d9%8a%d9%84-%d9%81%d9%86%d9%8a-%d8%a7%d9%84%d9%8a%d9%88%d8%b1%d9%88-%d8%af%d9%88%d9%84%d8%a7%d8%b1-eur-usd/%d8%aa%d8%b5%d8%b1%d9%8a%d8%ad%d8%a7%d8%aa-%d8%ac%d9%8a%d8%b1%d9%88%d9%85-%d8%a8%d8%a7%d9%88%d9%84-%d8%b3%d8%aa%d8%ad%d8%af%d8%af-%d8%a7%d9%84%d9%85%d8%b5%d9%8a%d8%b1/146677

According to Foresight News, Philippine Congressman Migz Villafuerte has introduced House Bill 421, proposing the establishment of a strategic Bitcoin reserve for the country. The bill suggests that the Bangko Sentral ng Pilipinas (BSP) should purchase 2,000 Bitcoins annually over five years, totaling 10,000 Bitcoins. This reserve is intended to be held for 20 years to enhance national security and stabilize the country's debt.

Cryptocurrency markets remain cautious as Bitcoin struggles to hold above $115,000, ETF outflows mount, and investors await Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole Economic Policy Symposium. The broader market is showing signs of weakness, influenced by macroeconomic headwinds and equity market pressures. Bitcoin’s Struggle and ETF Outflows- Bitcoin Price Action: BTC traded near $113,700 on Thursday, failing to sustain a rebound above the key resistance at $115,000, capped by the 50-day moving average. This resistance highlights ongoing market fragility.- Market Capitalization: The total crypto market cap rose marginally by 1% to $3.86 trillion, which analysts interpret as a temporary bounce rather than a sustained recovery.- ETF Outflows: Bitcoin ETFs saw significant net outflows over three consecutive days—$523 million on August 19, $311 million on Wednesday, and $192 million on Thursday. Ether ETFs also experienced over $500 million in outflows during the same period.- Reason for Outflows: Analysts attribute these withdrawals to profit-taking and liquidations following Bitcoin’s record highs earlier in August.Alex Kuptsikevich, chief market analyst at FxPro, noted, “The technology sector in traditional financial markets remains under pressure, dampening the mood of cryptocurrency buyers. Bitcoin’s unsuccessful attempt to return above $115K only highlights the market’s weakness.” Ethereum (ETH) and On-Chain Metrics- Price and Performance: ETH traded at $4,289, up slightly by 0.4% on the day but down over 7% from recent highs.- On-Chain Activity: Active Ethereum addresses have dropped 28% since July 30, signaling softer retail participation.- Analyst View: The decline in active addresses could limit near-term upside for ETH, even if Bitcoin stabilizes. XRP and Solana (SOL) Follow Bitcoin’s Lead- Price Movements: XRP slipped to $2.87 and Solana to $183, both down more than 6% over the past week.- Market Sentiment: Traders suggest a dovish pivot from the Fed could trigger short-term rebounds, but without fresh capital inflows, gains may be limited. Derivatives and Hedging Activity- The 30-day delta skew in Bitcoin options hit 12%, a four-month high, indicating increased demand for downside protection.- This hedging pressure reflects market caution ahead of Powell’s speech and ongoing macroeconomic uncertainty. Macro Factors Driving Bitcoin’s WeaknessRuslan Lienkha, chief of markets at YouHodler, emphasized that Bitcoin’s recent weakness is primarily due to macroeconomic factors rather than crypto-specific issues. He noted:- Elevated selling pressure in equity markets is spilling over into Bitcoin.- It remains unclear if current market positioning is short-term hedging ahead of Powell’s remarks or signals a deeper trend reversal.- Markets may be nearing the later stages of the bullish cycle, but whether the pullback is a correction or the start of a broader downturn is uncertain. Longer-Term Outlook and CatalystsDespite near-term challenges, some analysts remain optimistic about Bitcoin’s long-term prospects:- Bitwise projects that U.S. pension plan allocations could push Bitcoin to $200,000 by year-end, potentially having a greater impact than spot ETF approvals.- Initial pension inflows could begin as early as autumn, providing a significant catalyst for BTC. What to Watch Next- Jerome Powell’s Jackson Hole Speech (Friday): Market participants are focused on whether Powell adopts a dovish tone that could ease pressure on risk assets or maintains a cautious stance that might extend Bitcoin’s recent slide.- ETF Flows and Macro Data: Continued monitoring of ETF inflows/outflows and broader economic indicators will be critical in assessing market direction. Summary- Bitcoin is struggling to break above $115,000 amid macroeconomic headwinds and ETF outflows.- Ethereum, XRP, and Solana are mirroring Bitcoin’s weakness, with softer on-chain activity and price declines.- Derivatives markets show increased demand for downside protection, reflecting cautious sentiment.- The crypto market’s near-term trajectory hinges on Powell’s upcoming speech and broader macroeconomic developments.- Longer-term catalysts like pension fund allocations could drive significant upside later this year.

DOJ clarifies it will not prosecute decentralized developers without criminal intent, fueling confidence and innovation in DeFi. source: https://coincu.com/356647-doj-decentralized-developer-guidance

As Federal Reserve Chairman Jerome Powell prepares to deliver his much-anticipated speech at the Fed’s annual Jackson Hole Economic Policy Symposium this Friday morning, cryptocurrency traders and investors are closely watching for potential market reactions—especially in Bitcoin (BTC).What to Expect: Moderate Volatility Around Powell’s SpeechDespite the hype surrounding the event, market data suggests that Bitcoin’s price is likely to experience moderate volatility, rather than extreme swings. According to Pulkit Goyal, head of trading at crypto market maker Orbit Markets, BTC options currently imply a price move of about ±2.0% around the time of Powell’s address.Understanding BTC Options and Implied VolatilityOptions pricing reflects market expectations of price movement by analyzing strike prices, maturities, and implied volatility.Implied volatility measures how much the market expects the asset to move over a given period, regardless of direction.The Volmex one-day implied volatility index (BVIV1D) for Bitcoin has risen to an annualized 49%, the highest since May 26, indicating a 24-hour price swing potential of about 2.5%.This is notably higher than Bitcoin’s average daily move of 1.18% over the past 30 days.Potential Downside Risk if Powell’s Tone Is BalancedWhile volatility is direction-agnostic, some traders are positioning for downside risk. If Powell’s speech is more balanced rather than dovish (i.e., not signaling rate cuts), Bitcoin could see a price retracement.Demand for put options (which protect against price drops) has increased.The 25-delta risk reversal—a measure comparing demand for puts versus calls—is currently showing a premium of 6 vols put over call, indicating traders are hedging more for downside moves.Why This Matters for Bitcoin TradersPowell’s speech is a key event because it provides insight into the Federal Reserve’s monetary policy outlook, which heavily influences risk assets like Bitcoin. Traders are preparing for:Potential downside volatility if Powell signals caution or maintains a balanced stance.Moderate price swings around ±2%, reflecting uncertainty but not extreme disruption.Increased activity in options markets as traders hedge their positions ahead of the speech.SummaryJerome Powell’s Jackson Hole speech is expected to cause moderate Bitcoin price volatility (~±2%).Implied volatility and options data suggest a heightened risk of downside moves if Powell’s tone is balanced rather than dovish.Traders are actively buying put options to protect against potential retracements.The event remains a critical test for Bitcoin’s price resilience amid ongoing macroeconomic uncertainty.

The recent passage of the U.S. GENIUS Act, a comprehensive regulatory framework for the $288 billion stablecoin market dominated by dollar-pegged tokens like Tether’s USDT and Circle’s USDC, has jolted European policymakers into rethinking their digital euro strategy. According to a report by the Financial Times, this U.S. legislative move has intensified pressure on the European Union to speed up its efforts to launch a central bank digital currency (CBDC) amid growing concerns over America’s increasing influence on cross-border payments. Key Takeaways- The GENIUS Act caught many in Europe by surprise, sparking fears that dollar-backed stablecoins could further entrench the U.S. dollar’s dominance in global payments.- European officials are now considering whether to deploy the digital euro on public blockchains such as Ethereum or Solana, a significant shift from the previously favored private, centrally controlled infrastructure.- The European Central Bank (ECB) has been studying the digital euro for years, aiming to provide a public alternative to private payment systems as cash usage declines.- The U.S. stablecoin law has accelerated discussions in the EU, with some policymakers advocating for a more decentralized approach to help the euro compete globally with dollar-based digital assets.- The ECB confirmed it is still evaluating both centralized and decentralized technologies, keeping open the possibility of a blockchain-powered digital euro.- With China piloting its digital yuan and the U.K. exploring a digital pound, Europe faces mounting pressure to maintain the euro’s relevance in the rapidly digitizing financial landscape.- Existing euro-backed stablecoins like Circle’s EURC exist but lack the authoritative weight of a central bank-issued digital currency.Why This MattersThe U.S. GENIUS Act establishes a clear regulatory framework for stablecoins, potentially solidifying the dominance of dollar-pegged digital assets in global finance. This development has raised alarms in Europe, where policymakers worry that without a swift and robust digital euro rollout, the eurozone could lose ground in the evolving digital payments ecosystem.The shift toward considering public blockchain platforms for the digital euro marks a notable change in strategy. Previously, the ECB favored private, centralized systems citing privacy and security concerns. However, the need to compete with decentralized dollar-backed stablecoins and other CBDCs worldwide is prompting a reevaluation. The Road Ahead for the Digital Euro- Technology Choice: The debate continues between centralized versus decentralized infrastructure, with public blockchains gaining traction.- Policy and Regulation: The EU aims to balance innovation with privacy, security, and regulatory compliance.- Global Competition: The digital euro must contend with the digital yuan, digital pound, and dominant dollar-backed stablecoins.- Market Impact: A successful digital euro could help retain euro deposits within the EU and reduce reliance on dollar-denominated assets abroad.The U.S. stablecoin legislation has acted as a catalyst for the European Union to accelerate its digital euro plans. As the ECB evaluates technological options and policymakers debate the best path forward, the digital euro’s design and deployment will be critical in shaping the future of cross-border payments and the euro’s role in the global digital economy.

The European Union is now rushing to build a digital euro before U. S. dominance in crypto becomes permanent. This came after U. S. lawmakers passed the GENIUS Act, a sweeping new law that gives full legal clarity to the $288 billion stablecoin market mostly tied to the dollar. The Financial Times reported that once the bill […] source: https://www.cryptopolitan.com/eu-fast-tracks-digital-euro-ethereum-solana/

null source: https://x.com/DaanCrypto/status/1958847367270342710

The rollout is expected in early 2026, with distribution handled by SBI VC Trade, the group’s crypto-focused subsidiary. source: https://coindoo.com/ripples-rlusd-stablecoin-set-to-launch-in-japan-with-sbi-in-2026/

AUSTRAC đã yêu cầu Binance Australia thuê một đơn vị kiểm toán độc lập sau khi phát hiện những lỗ hổng nghiêm trọng trong quy trình kiểm soát chống rửa tiền và chống khủng bố. Động thái này là một phần trong chiến dịch siết chặt hơn nữa đối với các nền tảng tiền điện tử tại Úc, với việc các cơ quan quản lý cảnh báo về những rủi ro cục bộ bất chấp hệ thống toàn cầu.

Các công tố viên Hàn Quốc đang thúc đẩy mức án tù ba năm đối với nữ diễn viên kiêm cựu ca sĩ Hwang Jung-eum, cáo buộc cô biển thủ hàng tỷ won từ công ty giải trí của mình để tài trợ cho việc mua tiền điện tử.

Sau nhiều lần cố gắng không thành công để đạt mức cao nhất mọi thời đại là 4.870 đô la, Ethereum đã giảm vào ngày 14 tháng 8, bắt đầu vòng điều chỉnh đầu tiên sau khi vượt qua mức 4.000 đô la.

Vào tháng 11 năm 2022, việc phát hành ChatGPT 3.5 đã đánh dấu sự khởi đầu chính thức của kỷ nguyên AI hiện đại.

Các gia đình giàu có nhất châu Á đang đổ xô vào tiền điện tử nhiều hơn bao giờ hết, báo hiệu rằng tài sản kỹ thuật số đã chính thức chuyển từ vị trí bên lề sang trọng tâm của hoạt động quản lý tài sản tinh vi.

OpenAI đang mở văn phòng đầu tiên tại New Delhi để phục vụ tốt hơn thị trường AI đang phát triển của Ấn Độ và hỗ trợ các nhà phát triển, doanh nghiệp và sinh viên địa phương. Công ty cũng đang mở rộng dịch vụ, ra mắt gói đăng ký ChatGPT giá cả phải chăng và tuyển dụng nhân sự tại địa phương để củng cố đội ngũ.

Cơ sở lợi suất của tài chính truyền thống là lợi suất trái phiếu kho bạc Hoa Kỳ. Liệu cơ sở lợi suất trên chuỗi có phải là BTC/crvUSD không?

Arthur Hayes, người đồng sáng lập BitMEX được Donald Trump ân xá, đã đầu tư vào một công ty tế bào gốc có phòng khám ở Mexico và Bangkok. Ông cũng đang hỗ trợ các công ty quản lý quỹ tiền điện tử, đồng thời cảnh báo rằng thị trường có thể đã quá nóng.

Theo truyền thống, quý IV thường mang lại lợi nhuận rất lớn vào giai đoạn cuối của mỗi thị trường tăng giá.

Cảnh sát Anh đang điều tra một vụ lừa đảo tinh vi, trong đó tên tội phạm đóng giả làm một quan chức thực thi pháp luật cấp cao của Anh để đánh cắp số bitcoin trị giá 2,1 triệu bảng Anh, theo đội phòng chống tội phạm mạng của Cảnh sát Bắc Wales.