Hong Kong will begin enforcing its new stablecoin regulations on Friday, with a six-month transition period allowing temporary licenses for issuers.

Hong Kong to begin 6-month transition period for new stablecoin rules

JPMorgan Chase and crypto exchange Coinbase have announced a new partnership 
on Wednesday that marks a pivotal shift in the relationship between 
traditional finance and digital assets. As the crypto industry experiences a 
bullish resurgence, fueled by a more favorable regulatory environment in the 
United States, major financial institutions are reassessing their earlier 
skepticism toward digital currencies and are now eager to explore the 
opportunities within this sector. JPMorgan&#8217;s Collaboration With Coinbase The 
recent passage of key legislation—the GENIUS Act, the Digital Asset Market 
Clarity Act, and anti-Central Bank Digital Currency (CBDC) bills—through 
Congress has encouraged more banks and firms to consider integrating digital 
assets into their operations. Related Reading: XRP, Dogecoin, And Shiba Inu 
Get Major Boost From Gemini Exchange Announcement This renewed interest comes 
at a time when the cryptocurrency market has reached an impressive valuation 
of approximately $4 trillion, with expectations for continued growth as 
regulatory clarity emerges in major markets. Starting in 2026, JPMorgan 
customers will be able to fund their Coinbase wallets using Chase credit 
cards, according to Reuters, therefore facilitating easier access to 
cryptocurrency purchases. The partnership also allows Chase customers to 
redeem credit card reward points for Circle’s USDC stablecoin. This feature, 
alongside the ability to link bank accounts directly to Coinbase for funding 
crypto purchases, reflects the increasing integration of digital assets into 
everyday financial transactions. Financial Giants Step Into The Crypto Market 
Stablecoins, which are designed to minimize price volatility, are positioned 
as essential tools for facilitating seamless transactions in both trading and 
payments. They are now under a new regulatory framework established by the 
GENIUS Act, which was signed by President Donald Trump. Market analysts have 
noted that the adoption of cryptocurrencies is set to accelerate in light of 
the recent legislative changes. BCA Research highlighted that companies within 
the crypto ecosystem are well-positioned to benefit from this growth, 
suggesting that increased adoption will lead to price appreciation for digital 
assets. Related Reading: BlackRock Staking For Its Spot Ethereum ETF Has Been 
Acknowledged — But What’s Coming For ETH? Coinbase&#8217;s stock, COIN, has 
responded positively to the partnership news, rising by 6% in Wednesday&#8217;s 
trading session, closing the day at $377 and reflecting a broader trend in the 
company&#8217;s performance. With shares up around 50% this year, Coinbase has 
achieved a market capitalization of approximately $95 billion, further 
solidifying its role as a leader in the cryptocurrency space. Reuters 
highlighted that the crypto exchange&#8217;s recent inclusion in the S&amp;P 500 index 
underscores its growing significance and acceptance in the mainstream 
financial world. Other financial institutions are also taking steps to engage 
with the crypto market. Earlier this month, PNC Bank announced its 
collaboration with Coinbase to offer cryptocurrency trading to its customers, 
indicating that the interest in digital assets is not limited to JPMorgan 
alone. Citibank, Morgan Stanley, and Bank of America are among the largest US 
banks joining this growing trend, in which cryptocurrencies are expected to 
benefit tremendously. Featured image from DALL-E, chart from TradingView.com

JPMorgan, Coinbase Forge Historic Pact For Direct Bank-Crypto Wallet Integration By 2026

Bitcoin rebounded from a “flash crash” on July 30, trading above $118,900 
before dropping to below $118,700. The crash followed the U.S. Federal 
Reserve’s decision to maintain interest rates, causing BTC to plummet from 
around $118,600 to a low of $115,784. Flash Crash Triggers Significant 
Liquidations Bitcoin ( BTC) recovered from a late July 30 […]

Bitcoin Rebounds From Crash Following Fed Decision; $431 Million Liquidated

Ethereum has struggled with the resistance at $4,000 over the last three years 
and has yet to make a definite break above this level. The constant rejection 
from here suggests that this is now the level to beat if the Ethereum price is 
to ever resume its campaign for new all-time highs from here. Given this, how 
the price reacts now to this level will determine whether there is a major 
crash coming or if bulls can continue their domination and trigger an altcoin 
season. $4,000 Is The Decision-Maker For Ethereum After multiple failed 
retests over the last year, the $4,000 has emerged as the undisputed 
psychological level for the Ethereum price. Crypto analyst The Alchemist 
Trader refers to this as a high-timeframe barrier due to these rejections and 
the major level to watch to determine the next direction for ETH. Related 
Reading: This Indicator Has Perfectly Called Bitcoin Cycle Tops, Here’s What 
It’s Saying Now In the analysis, Alchemist explains that Ethereum has now 
entered a decisive stage while testing the upper boundary of a long-standing 
range. This long-standing range is identified as the $1,300-$4,000 range, 
which has held for more than a year. Following the most recent failure to 
break out of $4,000, Ethereum has fallen back into the range and has now 
entered consolidation. Below $4,000, the analyst believes that trading 
Ethereum is filled with both opportunity and risk. This all depends on whether 
the altcoin breaks out or fails next, putting investors in a precarious 
position of picking whether to long or short the digital asset at this level. 
Since previous retests of the $4,000 have led to rejections and a push back 
toward the mid-range or lower levels, it is possible that this time follows 
the established trend. However, there is still a lot of bullish sentiment in 
the market, and Ethereum could ride this wave into another breakout from here. 
What Happens In A Break Or Rejection In the event of a breakout above the 
$4,000, the crypto analyst does see the Ethereum price reaching new yearly 
highs from here. The first major resistance after $4,000 would be the $4,500 
level. Next up would then be the $5,000 psychological level, which would mean 
brand new all-time highs for the altcoin if it were to test this resistance. 
Related Reading: Ethereum Price To $20,000? ETH Is Mirroring Bitcoin’s Move 
From 2021 On the flip side, another total rejection of $4,000 could trigger a 
massive crash. The last rejection from this psychological resistance back in 
December 2024 led to a multi-month decline that saw the price crash more than 
60% before finding a bottom four months later at around $1,500. In the latter 
scenario, the analyst expects the Ethereum price to continue to trade inside 
the established $1,300-$4,000 range. As such, Alchemist advises investors that 
“Until a decisive move occurs, traders should remain cautious and reactive 
rather than overly anticipatory.” Featured image from Dall.E, chart from 
TradingView.com

Ethereum Price Crash Or Rebound? Why $4,000 Holds The Key

Abu Dhabi-headquartered bitcoin miner Phoenix Group, listed on the ADX, 
reported strong financial and operational results for Q2 2025, highlighting 
the formalization of a digital asset treasury valued at over $150 million, 
making it the first ADX-listed company to do so. The treasury primarily 
consists of 514 BTC and over 630,000 SOL. The company generated […]

Phoenix Group Formalizes $150M Crypto Treasury in Q2 2025 Results

CryptoSlam data showed that the average sale value for NFTs climbed to 
$113.08, the highest in six months.