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The crypto market continues to be in slight bearish mode as Bitcoin slipped below $115,000 and Ethereum fell under $4,200, contributing to over $400 million in liquidations in the past 24 hours. Most sectors saw declines, with DeFi and Meme tokens dropping more than 2%, while the PayFi sector remained relatively resilient. Despite the broader downturn, OKB and POL bucked the trend with notable gains.#BinanceSquareFamily #news #NewsAboutCrypto #bitcoin #Ethereum $BTC
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Aug 19 (Reuters) - Cryptocurrency firm Tether has appointed former White House crypto policy executive Bo Hines as a strategic adviser to help steer its expansion in the United States, the company said on Tuesday.
In his new role, Hines will advise on digital assets and U.S. market strategy, engaging with policymakers and industry groups to strengthen the firm's presence in the world's largest economy"His deep understanding of the legislative process, combined with his passion for practical blockchain adoption, makes him an invaluable asset as Tether enters the biggest market in the world," Tether Chief Executive Paolo Ardoino said.Hines, who until recently served as executive director of the Presidential Council of Advisers for Digital Assets, supported the passage of the GENIUS Act, a stablecoin regulatory framework, and helped shape broader crypto regulation.He stepped down from his White House role in August to return to the private sector.
"During my time in public service, I witnessed firsthand the transformative potential of stablecoins to modernize payments and increase financial inclusion," Hines said: Stablecoins, digital tokens tied to assets such as the U.S. dollar, are riding a surge of investor demand as clearer regulation paves the way for wider adoption.#CryptoNewss #TetherUpdate #USDT🔥🔥🔥 #news #NewsAboutCrypto $BTC
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“As prominent institutions and figures invest, their financial stake is tied to bitcoin's success, turning them into natural advocates who drive a self-reinforcing cycle of education and adoption,” says Kyle Chassé, Founder of MV Global.
The crypto market is down today, with more than 90 of the top 100 coins turning red over the past 24 hours. In this time, the cryptocurrency market capitalization has decreased by 2.4% to $4.12 trillion. At the same time, the total crypto trading volume is at $267 billion, the highest it’s been in days.

TLDR:
Crypto market turns red, with most of the top 100 coins going down;
BTC fell 2.4% and ETH is down 2.3%, trading at $119,043 and $4,647, respectively;
Bitcoin surpass $250,000 by the end of the year;
In the short term, BTC could test the $124,600 liquidation zone, or it may fall to $115,000;
Institutional demand remains strong;
US ETH ETFs recorded positive flows of $639.61 million on Thursday;
US BTC spot ETFs saw inflows of $230.93 million;
Regulatory clarity is boosting the crypto market rally and institutional interest;
Crypto market sentiment suggests rising caution as investors await further signal.
Crypto winners and losers
At the time of writing, all top 10 coins per market capitalization have decreased over the past 24 hours.Bitcoin (BTC) fell 2.4% in a day, now trading at $119,043, back to the level from two days ago.
At the same time, Ethereum (ETH) dropped 2.3%, now trading at $4,647.Dogecoin (DOGE) saw the largest decrease in this category, falling 6% to $0.2307.Cardano (ADA) follows with a drop of 4.9% to the price of $0.9524.
The smallest drop is Binance Coin (BNB)’s 1%, now changing hands at $852.As for the top 100 coins, six of them recorded increases.
The highest among these is Provenance Blockchain (HASH), having jumped 7.8% to $0.0288.LEO Token (LEO) is next, with a rise of 3.3%, trading at $9.6.
On the other hand, Bonk (BONK) and Worldcoin (WLD) fell the most, dropping 8.6% each to the price of $0.00002456 and $1.02, respectively.

Meanwhile, US crypto-related policies remain foggy. Treasury Secretary Scott Bessent pivoted from his earlier comments that the US would not acquire BTC for its Strategic Bitcoin Reserve.

While initially commenting on Tuesday that the government will use confiscated Bitcoin for the reserve and will not be liquidating it, he walked back the statement later that same day, noting that the Treasury will be exploring ways to buy more BTC.#bitcoin #ETH🔥🔥🔥🔥🔥🔥 #doge⚡ #ADA #bnb $BTC
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