August 13, 2025 Cryptocurrency Hot News
1. Bitcoin Market Dynamics: After Bitcoin's price broke $117,000, it entered a phase of volatility and consolidation. On-chain data shows that whales continue to accumulate, and institutional capital inflows are boosting market sentiment. The Federal Reserve's anticipated interest rate cut in September could become a new catalyst, but caution is advised for short-term pullback risks.
2. Ethereum Strong Rebound: Ethereum's price has surpassed $4,300, with a 24-hour increase exceeding 6%, driven by institutional holdings rising to $13 billion. A certain whale purchased nearly $1 billion in ETH within a week, and on-chain activity has reached a new high for the year.
3. New Developments in Hong Kong Stablecoin Regulation: Hong Kong's "Stablecoin Ordinance" has come into effect, with USDT/USDC not subject to the new regulations. The compliance framework has attracted over $20 billion in institutional capital, as Hong Kong aims to become the digital asset center of Asia.
4. Solana Ecosystem Buzz: The Solana Seeker mobile phone has begun global shipments, with a built-in TEEPIN architecture enhancing transaction security. The dynamic burning mechanism of the SKR token has garnered attention. Analysts predict a new paradigm for mobile DeFi.
5. Impact of the EU MiCA II Bill: The EU has passed a strengthened version of the MiCA II bill, requiring non-custodial wallets to comply with travel rules, resulting in a 24-hour decline of 18% for privacy coins like Monero (XMR). USDC and PYUSD are expected to be among the first to receive EU payment licenses.
6. Trump's Cryptocurrency Policy: Trump has signed an executive order allowing 401(k) retirement plans to allocate to cryptocurrency assets and terminating the "debanking" policy targeting the crypto industry, sparking market discussions and potentially ushering in new capital inflows.
7. On-chain Data Highlights: The circulation of stablecoins has surpassed $270 billion, setting a new historical high. The LayerZero Foundation has proposed acquiring Stargate, as the cross-chain ecosystem continues to heat up. A certain institution has increased its holdings by 49,533 ETH from Galaxy Digital, valued at over $200 million.
