Crypto News

China is considering yuan-backed stablecoins as part of a new international strategy, signaling a major policy shift on digital assets. The move could reshape cross-border finance but faces hurdles from capital controls. State Council of China to Review Stablecoin Roadmap Amid Dollar Pressure China is weighing the launch of yuan-backed stablecoins in a bid toSource link

Dogecoin rebounded sharply from $0.21 lows, closing at $0.22 after a late-session surge in volume and aggressive whale accumulation, even as security risks from Qubic’s attack threat linger.News BackgroundDOGE has faced pressure this month after reports tied to Qubic’s potential 51% attack spooked retail traders and drove selling.Despite those risks, on-chain data shows whale cohorts accumulated more than 680 million DOGE in August, offsetting retail outflows.Broader market sentiment has been mixed, with Bitcoin and Ethereum consolidating near highs, leaving memecoins trading with outsized volatility.Price Action SummaryDOGE advanced 5% in the 24 hours ending Aug. 21, 04:00, recovering from an intraday bottom of $0.21 to close at $0.22.The token hit its session low around 13:00 UTC on Aug. 20 before reversing...

Kanye West’s YZY token made a volatile debut on Solana, soaring past $3 billion before sliding under $1 billion in hours.Source link

Bitcoin remains rangebound with options data showing divergent bets as traders aim to divine Powell’s tone ahead of Friday’s Jackson Hole meeting.Source link

Nexo launched its new artificial intelligence (AI)-based a conversational tool designed to deliver real-time crypto insights, personalized portfolio data, and seamless product access. Privacy and Data Sources Nexo, a digital assets wealth platform, announced on Aug. 20 the launch of an artificial intelligence (AI) assistant to offer users a “conversational” experience that combines real-time insights,Source link