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Top Crypto Highlights (August 19, 2025)
1. Market Downturn Amid Macro Uncertainty
Crypto markets are under pressure today, with Bitcoin and Ethereum slipping by less than 1 %, driven by concerns over the Fed's persistently hawkish stance.
Bitcoin dipped below $115,000, with Ethereum also falling—together triggering over $400 million in liquidations.
2. Tether’s U.S. Expansion Strategy
Tether has appointed Bo Hines, former head of the White House Crypto Council, as a strategic adviser to strengthen its U.S. digital asset posture.
3. Japan’s Yen-Pegged Stablecoin on the Way
A Japanese startup, JPYC, plans to launch the first yen-pegged stablecoin in late 2025—fully backed and convertible to yen, initially targeting institutional investors.
4. Crypto Hedge Fund Seeks $100M
Re7 Capital, with nearly $1 billion already under management, is launching a multi-strategy crypto fund and aims to raise $100 million by Q4 2025.
5. New PayFi Project Gains Attention
Remittix, a PayFi-focused crypto project, is nearing a major exchange listing and launching a beta wallet offering FX conversion across 40+ crypto and 30+ fiat currencies. It has raised nearly $20 million, with a $250k giveaway underway.
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Big News 🗞️
“Crypto Update — August 19, 2025”
Bullet points for visual clarity:
Markets dip, Bitcoin slips under $115K, triggering over $400M in liquidations.
Tether hires ex–White House crypto advisor Bo Hines to lead U.S. strategy.
Japan’s JPYC stablecoin coming later this year—fully yen-backed.
Re7 Capital launches new crypto hedge fund, targeting $100M raise.
Remittix nears major CEX listing, launching a multi-fiat, multi-token wallet.
