Last week saw many significant fluctuations, from monetary policy to legal matters and the advancements of cryptocurrency globally.
Central banks, regulators, and markets are all making moves that profoundly affect the future of cryptocurrency and digital finance.
MAIN CONTENT
The Fed Chair is open to rate cuts but still warns of inflation risks.
Ethereum reaches a new peak, surpassing Mastercard in asset value.
The Illinois government has enacted its first cryptocurrency law tightening protections for users.
Does Fed Chair Powell hint at rate cuts while remaining cautious about inflation?
Jerome Powell's final speech at Jackson Hole embodies caution, as he notes that policy rates are “closer to the neutral point by 100 basis points” compared to last year, opening the possibility of rate cuts.
However, Powell emphasized that tariff measures and tightened immigration policies are increasing the risk of inflation and putting pressure on the labor market. He affirmed that the Fed would not allow a one-time price increase to become a prolonged inflation issue.
The statement reflects a delicate balance between supporting growth and maintaining price stability in a challenging period.
What does Ethereum reaching a record high and surpassing Mastercard in market capitalization truly mean?
Ethereum has set a new record price, surpassing $4,878, thanks to signals of interest rate cuts from the Fed and a large influx of capital into Ethereum spot ETF funds, with assets under management exceeding $20 billion.
Nate Geraci describes Ether as the “backbone of the future financial market,” a notion reinforced when Ethereum surpassed Mastercard, becoming the 22nd largest asset globally.
This upward trend reflects the growing acceptance of corporate treasuries and efforts to integrate blockchain into traditional financial systems.
How has Illinois enacted its first cryptocurrency laws to protect consumers?
Governor JB Pritzker signed into law two new acts, the Digital Assets and Consumer Protection Act and the Digital Asset Kiosk Act, enhancing regulation of exchanges and cryptocurrency ATMs.
The law mandates compulsory registration, refunds for fraud, fee limits, and trading restrictions for new users. In 2024, Illinois residents lost approximately 272 million USD due to cryptocurrency scams.
The administration believes these measures both protect users and still foster innovation in the industry.
Why has the CFTC launched a new 'crypto sprint' program and invited public input?
CFTC launches the next phase of the “crypto sprint” campaign, calling for public input on spot cryptocurrency trading regulations.
Vice Chair Caroline Pham emphasized that the federal administration's priority is to promote immediate digital transactions nationwide.
This program runs parallel to the SEC's Project Crypto, contributing to the development of a transparent legal framework for the industry.
Is the European Union considering using Ethereum and Solana as the foundation for the digital Euro?
The EU is considering changing its plan to build a digital Euro, researching the feasibility of deployment on public blockchains like Ethereum and Solana.
The EU is seeking diverse technologies, both centralized and decentralized, to avoid reliance on proprietary solutions and leverage DeFi integration, expanding application capabilities in the region.
This follows the U.S. issuing the Genius Act, promoting the development of a stronger USD-pegged stablecoin.
How did Kanye West and the YZY Token make waves?
The YZY Token on the Solana platform experienced wild fluctuations, increasing 1,400% to 3 USD within an hour, then dropping 74% to 0.77 USD in less than a day.
Over 56,000 wallets participated in the purchase, but only 13 large traders made a profit of 24.5 million USD by controlling 94% of the total supply at launch.
The event reflects the high risks and lack of transparency of memecoin projects when lacking control.
What progress can be expected for the cryptocurrency market bill in the U.S. before Thanksgiving?
Senator Cynthia Lummis aims to bring the cryptocurrency market structure bill to the president's desk before Thanksgiving, in order to create clear standards distinguishing between securities and commodities tokens.
The bill received support from Republican lawmakers but faced difficulties from the Democrats, resulting in progress being dependent on consensus in the Senate.
What is China's goal in promoting the yuan-pegged stablecoin?
China is preparing to assess the roadmap for issuing a yuan-pegged stablecoin to enhance the domestic currency's role in global finance, reducing dependence on the USD.
Hong Kong will focus on issuing stablecoins in the international market, while Shanghai tests the domestic market under new regulations.
Currently, the yuan's market share in international finance remains below 3%, with plans to enhance the currency's position.
What impact is the Philippines' plan to build national Bitcoin reserves expected to have?
The Philippines proposes to establish a reserve fund of 10,000 Bitcoin, with the central bank buying 2,000 Bitcoin each year for 5 years, currently valued at about 1.15 billion USD, locked for 20 years to pay off government debt.
Supporters argue that this is a tool against inflation and to protect the peso, while opponents believe that investing in education and infrastructure would be more effective.
What is next for the cryptocurrency market and legal changes?
From Powell expanding support policies to Ethereum being noted as a central infrastructure, diverse stablecoin developments, to tightening regulations globally, the cryptocurrency industry is undergoing a profound transformation.
Particularly, the increasing experimentation with Bitcoin reserves in Asia and legal proposals in the U.S. promise to fundamentally change the market structure.
“Automation and optimizing infrastructure will be a key competitive advantage in the blockchain boom.”
– Nguyen Van A, CEO of Hypurrscan, Global Blockchain Conference 2025
Frequently Asked Questions
What did Fed Chair Powell say about inflation and interest rates recently?
Powell stated that the Fed would not allow a one-time price increase to become prolonged inflation while also opening the possibility of rate cuts as they approach the neutral point.
What factors contributed to the peak price of Ethereum?
The large influx of cash into the Ethereum spot ETF fund and businesses accepting Ethereum as an asset significantly boosted prices.
What has Illinois done to protect cryptocurrency users?
Enacting laws requiring compulsory registration, refunds for scams, fee limits, and enhancing management of cryptocurrency exchanges and ATMs.
How do the CFTC and SEC collaborate in establishing cryptocurrency regulations?
CFTC runs a “crypto sprint” inviting input on spot trading, alongside SEC implementing Project Crypto to build a transparent legal framework.
What are the Philippines' plans with the national Bitcoin reserves?
Proposal for a 10,000 Bitcoin fund for national reserves, aimed at combating inflation and stabilizing the peso in the long term.
Source: https://tintucbitcoin.com/coinpedia-tin-noi-bat-crypto-tuan-nay/
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