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aPriori raises $20m to advance high-performance DeFi markets

by admin August 29, 2025

aPriori has raised $20 million, bringing total capital to $30 million. The project, founded by alums from Jump Crypto and Citadel Securities, is building a blockchain-native order flow layer that segments and routes trades intelligently, aiming to reduce inefficiencies and MEV leakage for both traders and LPs.

Summary

aPriori raised $20 million in a strategic funding round, bringing total capital to $30 million.
Investors include HashKey Capital, Pantera Capital, Primitive Ventures, and IMC Trading.
The funds will support the development of a blockchain-native order flow coordination layer.

According to a press release dated August 28, aPriori’s latest round was led by a consortium of heavyweights including HashKey Capital, Pantera Capital, and Primitive Ventures, with participation from IMC Trading, GEM, Gate Labs, Ambush Capital, Big Brain Collective, and others.

aPriori said the capital infusion will fuel the development of aPriori’s core infrastructure, which is being engineered specifically for high-performance Ethereum Virtual Machine environments, with the Monad blockchain as its primary launchpad.

Building the next layer of onchain market infrastructure

The latest $20 million round solidifies aPriori’s financial foundation, elevating its total funding to $30 million, with a majority of it earmarked for deploying the project’s core products, which form an interconnected system designed to fundamentally re-architect how value moves on-chain.

Per the statement, this includes the development of Swapr, an AI-driven DEX aggregator that does more than find the best price; it classifies the intent and potential impact of each trade in real-time. Concurrently, the team is building out its MEV-powered liquid staking protocol, engineered to capture extracted value and redistribute it back to stakers and validators, realigning incentives that are currently fractured.

aPriori noted that its active order flow coordination leverages artificial intelligence to perform instantaneous, real-time classification of incoming trades, segmenting them by quality and forecasting potential adverse selection before routing decisions are made.

This allows the protocol to protect liquidity providers from predatory arbitrage strategies while simultaneously offering tighter spreads to benign traders.

“We built aPriori on the insight that the same mechanisms which protected LPs and improved efficiency, combined with the active engines used at leading HFT firms to combat adverse selection, could be brought on-chain to transform how liquidity and order flow are managed,” aPriori founder Ray Song said.

Why aPriori chose Monad

According to the project, high-performance EVM environments are non-negotiable for this type of infrastructure. Monad’s design, which promises low latency and massively high throughput, removes the computational constraints that have often forced on-chain trading into a trade-off between decentralization, security, and performance.

For aPriori’s AI-driven routing and real-time segmentation to operate as intended, the underlying blockchain must be capable of processing transactions at a speed and scale that matches the demands of institutional-grade trading logic.

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August 29, 2025 0 comments

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Beijing Sets Ambitious Targets for Nationwide AI Integration Over 10 Years

by admin August 29, 2025

In brief

China has set targets for AI adoption, seeking 70% penetration by 2027 and 90% by 2030.
The policy mandates integration of AI across industry, governance, and public services.
The move underscores Beijing’s bid to outpace Western rivals in artificial intelligence.

China is aiming to achieve a 70% penetration rate of AI technologies within the next couple of years, enabling its population to utilize “next-generation smart terminals, intelligent agents, and other applications” by 2027, according to a State Council directive that sets the country’s most ambitious artificial intelligence targets to date.

The policy aims to “reshape modes of production and everyday life” and “enable a revolutionary leap in productive forces,” mandating the integration of AI across technology, industry, consumption, governance, welfare, and international cooperation.

By 2030, penetration rates are expected to reach 90%, with a complete transition to an “intelligent economy and intelligent society” by 2035, according to the council.

Meeting the 2027 target means that 980 million Chinese citizens will regularly use AI-powered devices or services. For context, China’s smartphone penetration hit 70% in 2018, eight years after the iPhone’s local launch. Beijing expects similar AI adoption within the next three years.

These targets far exceed Western timelines. The U.S. National AI Initiative Act contains no concrete adoption mandates. The EU’s AI Act focuses on risk management rather than deployment.

Meanwhile, other nations are scrambling to keep pace.

Canada boosted its AI strategy this year. Taiwan has also published a plan to generate over $510 billion in AI technology by 2040. Egypt’s Digital Builders program, backed by Microsoft and Amazon, aims to train 100,000 AI specialists by 2030.

The aggressive timeline builds on existing momentum from Chinese AI companies like DeepSeek, whose models already power various applications, including Shenzhen’s surveillance systems, voice controls in Geely vehicles, and diagnostic tools in nearly 100 hospitals.

Longgang County, one of nine districts in Shenzen, cut administrative approval times by 90% after adopting Deepseek’s AI. The startup has been successful despite U.S. export restrictions, which are specifically designed to prevent China from winning the AI war with American hardware.

The State Council’s directive calls for “AI-native enterprises whose underlying architectures and operating logic are based on AI” and encourages enterprises to incorporate artificial intelligence into strategic planning.

It also calls for promoting “intelligent interconnection of everything” across smart terminals and product ecosystems.

The Chinese policy promises to “help Global South countries build AI capabilities” through open-source technology and computing resources, positioning Beijing as an alternative to models presented by the West. It specifically mentions “treat[ing] AI as an international public good for the benefit of humankind.”

Industrial applications include “intelligent agricultural equipment such as smart farm machinery, agricultural drones, and agricultural robots” in farming, while the service sector must adopt “unmanned services” alongside human workers.

But the financial services, logistics, and legal sectors would need to undergo significant transformation to achieve such goals, not to mention the growing pains that will accompany the continued evolution of the tech.

The policy acknowledges risks including “model opacity (black-box), hallucinations, and algorithmic discrimination,” establishing governance frameworks for “natural persons, digital persons, and intelligent robots,” suggesting preparation for AI agents requiring legal status.

The State Council’s language leaves little room for interpretation: regions and departments “shall closely integrate these opinions with actual conditions” and “ensure tangible results,” it said.

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August 29, 2025 0 comments

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Crypto Firms That Left U.S. Can Open Doors Here as Foreign Boards of Trade

by admin August 29, 2025

The Commodity Futures Trading Commission — under its ongoing “crypto sprint” to open a wider path for U.S. crypto business — issued an advisory on Thursday that firms residing outside the U.S. that are willing to register with the agency as foreign boards of trade can deal directly with U.S. customers.

“American companies that were forced to set up shop in foreign jurisdictions to facilitate crypto asset trading now have a path back to U.S. markets,” said CFTC Acting Chairman Caroline Pham in a statement with the advisory, which didn’t make any changes to agency policy but was meant to serve as a “reminder” of a possible approach for such companies.

“Since the 1990s, Americans have been able to trade on non-U.S. exchanges that are registered with the CFTC as FBOTs. Starting now, the CFTC welcomes back Americans that want to trade efficiently and safely under CFTC regulations, and opens up U.S. markets to the rest of the world,” said Pham, who is holding the regulator’s leadership spot until a permanent replacement selected by President Donald Trump can be confirmed by the Senate.

She called the advisory, which was issued by the CFTC’s Division of Market Oversight, “another example of how the CFTC will continue to deliver wins for President Trump as part of our crypto sprint.”

The agency has been receiving increased interest in such registrations, the statement said, and the CFTC aims to make clear that firms eligible for FBOT status don’t have to register as U.S. designated contract markets (DCMs) in order to let U.S. clients directly access their electronic trading services. The firms do have to be rigorously regulated on their home turf, according to the CFTC regulations.

Trump had nominated Brian Quintenz, a former CFTC commissioner, to take over the chairman spot, but the White House paused his confirmation process before the Senate’s summer recess. He’s expected to return to that process as soon as next week, but if he’s confirmed, he’ll be the only member of what’s meant to be a five-person commission. Republican Pham has said she’s set to leave, and the commission’s only Democrat, Kristin Johnson, is exiting next week.

Meanwhile, Pham has been using much of her time atop the commission to pursue crypto-friendly initiatives.

Read More: While CFTC Awaits New Chairman, Acting Chief Pham Gets Rolling on Crypto

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August 29, 2025 0 comments

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Bitcoin Liquidity Weakens As Stablecoin Growth Down To $1.1B

by admin August 28, 2025

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Data shows stablecoin market cap expansion has slowed to just $1.1 billion recently, signaling weakening liquidity for Bitcoin and other coins.

Stablecoin Market Cap Growth Is Significantly Down Compared To Earlier Highs

According to data from on-chain analytics firm CryptoQuant, stablecoin growth has been cooling recently. “Stablecoins” refer to cryptocurrencies that have their price tied to a fiat currency, with US Dollars being the most popular option.

Investors generally store their capital in the form of these tokens when they want to avoid the volatility that comes with coins like Bitcoin. Many holders who buy into stables, however, eventually plan to venture back into the volatile side of the market. Since stablecoins can potentially be swapped into BTC and other assets, their supply can be looked at as a sort of available “dry powder” for the cryptocurrency sector. As such, expansions in this supply can prove to be a bullish sign.

Now, here is the chart shared by CryptoQuant that shows the trend in the 7-day change in the market cap of the major USD-based stables over the past year:

Looks like the stables have been observing a positive change in their market cap in recent days | Source: CryptoQuant on X

As displayed in the above graph, the late 2024 bull run was accompanied by a sharp positive change in the market cap of the stablecoins. At the peak, these assets observed weekly net inflows of around $7.7 billion. Another wave of inflows occurred in January of this year, with the metric peaking at $6.6 billion. Since then, the market has seen a cooldown in interest, with inflows into stables staying far from the earlier highs.

From the chart, it’s visible that the sharp burst in capital flows earlier this month could only manage a top of $4.8 billion. The interest also lasted quite briefly, and inflows disappeared soon after. At present, the metric is sitting at $1.1 billion, implying the market cap of the stablecoins is still growing, but clearly, the rate at which it’s happening isn’t close to the previous bull rally.

“Liquidity tailwinds are weaker, limiting Bitcoin’s upside momentum,” explains the analytics firm. It now remains to be seen how long the muted stablecoin inflows would last and whether a pivot to outflows would follow next.

In some other news, the Relative Unrealized Loss held by Bitcoin investors is still quite low even after the latest price decline, as on-chain analytics firm Glassnode has pointed out in an X post.

How the Relative Unrealized Loss has changed for the BTC network over history | Source: Glassnode on X

The Relative Unrealized Loss is a measure of the total unrealized loss held by the Bitcoin investors represented as a percentage of the market cap. At present, the metric’s value stands at just 0.5%, which is quite low compared to past bear markets.

BTC Price

At the time of writing, Bitcoin is floating around $113,400, up almost 2% over the 24 hours.

The trend in the BTC price over the past five days | Source: BTCUSDT on TradingView

Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView.com

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August 28, 2025 0 comments

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China, Japan, and other countries to challenge USD-pegged stablecoins crusade

by admin August 28, 2025

A lot was said about how the U.S. economy can benefit from USD-pegged stablecoins, especially now, when the GENIUS Act provides a clearer framework for the issuers. But can other countries benefit from issuing stablecoins pegged to their respective national currencies? Yes, they can, and several countries are already joining the race.

Summary

USD-pegged stablecoins strengthen the U.S. dollar; hence, other countries are trying to galvanize their local currencies through issuing stablecoins.
If the dominance of the USD-pegged stablecoins is downplayed, it may siphon away deposits from local banks.
Japan and China are working on their national stablecoins, while the European Union is busy creating a CBDC on Ethereum and Solana.

USD-pegged stablecoins as a medicine for the U.S. economy

The U.S. has rejected plans to develop a central bank-issued digital dollar. Critics of the digital dollar cited privacy issues–the central bank shouldn’t have that much control and data over transactions that people make.

Instead, the government encouraged the private and public companies to issue stablecoins–private blockchain-based money backed by real assets 1:1, usually by U.S. dollars or the U.S. Treasury bills. Most stablecoins out there are pegged to USD (99% of all are pegged to USD), so each of them has a value equal to one U.S. dollar. Stablecoin issuers don’t generate yield directly on stablecoins, but they do earn interest by holding U.S. Treasury bills that back those coins.

🌐INSIGHT: U.S. dollar dominance on-chain: USD is the most widely tokenized currency, while no euro stablecoin ranks among the top 20 by supply.

Source: Token Terminal 📊 pic.twitter.com/1cBRwDe8BV

— CryptosRus (@CryptosR_Us) August 24, 2025

While it may look like the government gave away its benefit of control and favored the market, actually, it creates new growth opportunities for the companies that issue stablecoins and buy American dollars and t-bills as they must back their stablecoins 1:1. This condition is required by the GENIUS Act signed by President Donald Trump on July 18, 2025.

As stablecoins are circulating freely across the globe and are very popular in the Global South, where local currencies are losing value against USD, these countries’ residents eagerly use USD-pegged stablecoins for remittances and as a savings asset. Their demand for the USD-pegged stablecoins boosts the demand for USD and t-bills as issuers have to back their stablecoins with these assets.

Explaining how stablecoins work for the U.S. economy, BitMEX exchange co-founder Arthur Hayes wrote in his newsletter, using the biggest USD-pegged issuer Tether as an example:

“The business model of Tether is very simple. Receive dollars, issue a digital token that rides on a public blockchain, invest the dollars in T-bills, and earn the [net interest margin, which is the Federal Reserve-set interest rate]. [The U.S. Secretary of the Treasury Scott] Bessent will ensure that issuers that the empire will tacitly support by law can only hold dollars in a chartered US bank, and or treasury debt securities. No funky stuff.”

Hayes stresses that most countries — except mainland China — use American social media apps. If these platforms begin supporting USD-pegged stablecoin transfers, it could trigger major capital outflows from the Global South and sharply boost demand for the U.S. dollar. More than that, it may effectively replace local banks with the U.S.-controlled digital currency.

On Aug. 26, Trump vowed to impose substantial tariffs on countries that try to “discriminate against American Technology” through digital taxes and digital market regulations. It means that fighting against the implementation of stablecoin transactions on, say, WhatsApp would be a costly move for other countries.

“With the Dollar backed stablecoins, you’ll help expand the dominance of the US Dollar […] It will be at the top, and that’s where we want to keep it”

What he means is:

with Dollar backed stablecoins, the Global South will pivot towards digital Dollars over local currencies,… pic.twitter.com/ZIFQio5cA4

— L0la L33tz is more fun on Nostr (@L0laL33tz) March 20, 2025

When the U.S. is printing dollars, it devalues USD reserves held by countries abroad. No wonder lately many countries have preferred to buy more gold. The conjunction of American stablecoins and the power of American Tech may turn the USD into a stronger currency than it is now.

The downside is that it will make exporting from the U.S. too expensive. Given that Trump wants to boost the U.S. manufacturing and exports, a strong dollar may not be the way to go. Some might argue that the growing value of the American dollar makes the U.S. national debt even a bigger problem, but demand for stablecoins drives the demand for t-bills, gradually paying off the debt.

China gets closer to launching a yuan-pegged stablecoin

China is one of the few countries that has its own powerful social media giants, like WeChat. Launching a yuan-pegged stablecoin may see an effect similar to what the U.S. is doing. China’s economy is heavily export-driven. In that context, stablecoins could become a more attractive tool than yuan-based bank transfers, offering instant and low-cost remittances.

Thus, Chinese authorities decided not to wait until American stablecoins would replace the yuan. In 2021, China launched digital yuan, a CBDC that didn’t gain much traction, however, losing popularity to services like WeChat Pay and AliPay.

In May 2025, Hong Kong adopted the Stablecoins Bill, which allows the issuance of stablecoins backed by Chinese assets. On Aug. 20, it was reported that the State Council of China is working on launching a yuan-pegged stablecoin for international trade.

In the event that yuan-pegged bank-issued stablecoins become reality, they may counterpoise the American dollar-pegged stablecoin invasion. Given that the renminbi’s market share dropped below 3% (the USD share is above 47%), China has something to go after.

Yen-pegged stablecoin will soon be launched in Japan

Monex Group is a Tokyo-based financial company. It made headlines on Aug. 26, when it revealed ambitious plans to launch a yen-pegged stablecoin. Monex is trying to repeat America’s formula. As Japan lacks social media resources that the U.S. and China have, the yen stablecoin has somewhat limited prospects in this race.

Nevertheless, the company aims to back its coins with Japanese government bills. Stablecoins are set to serve for cross-border remittance and corporate trades. The project may get a boost from Coincheck, a crypto exchange owned by Monex Group. More than that, Monex chairman Oki Matsumoto claims Monex is going to acquire several European crypto companies, which will widen Monex’s stablecoin platform. The stablecoin launch is scheduled for the fall of 2025.

European Union’s efforts

European Central Bank economist Piero Cipollone cited the growing USD-pegged stablecoins as the reason for rushing a launch of the digital euro. In the growing de-dollarization narratives, the digital euro may come as a possible replacement for the U.S. dollar.

On Aug. 22, 2025, it was revealed that to speed up the launch of the digital euro, the EU is considering using a public blockchain, namely Ethereum and Solana, instead of creating a private blockchain controlled by the central bank.

The news was met with criticism from the crypto community. According to multiple commenters, if launched on Solana or Ethereum, the digital euro will be the worst variant of a CBDC. Transaction data will be available on public blockchains, while the central bank will have even greater control over transaction data.

There are several euro-pegged stablecoins in circulation; however, combined, they make up only 0.2% of the entire stablecoin market. Given that Europe doesn’t have products like Meta or WeChat that could boost the adoption of Euro stablecoins dramatically, it’s not clear how strong it can be in the ongoing race.

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August 28, 2025 0 comments

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Bitcoin Price ‘Too Low,’ as Volatility Dips, Institutional Interest Rises: JP Morgan

by admin August 28, 2025

In brief

Bitcoin’s volatility has plunged this year.
Analysts at JP Morgan think this should make the asset more attractive to investors.
The leading cryptocurrency’s price should be at $126,000, they said.

Bitcoin’s price should be higher as its volatility has plunged and the asset has become more attractive asset for institutions, JP Morgan analysts said in a note Thursday.

The analysts said that the price of the leading digital coin should be at $126,000 per coin, although they believe that BTC could still climb that high year-end.

Bitcoin was recently trading at about $111,950, according to CoinGecko data, virtually unmoved over a 24-hour and seven-day period. BTC hit a new all-time high of $124,128 earlier this month.

“The Bitcoin price looks too low compared to gold as Bitcoin volatility reaches historically low levels,” the note authored by Nikolaos Panigirtzoglou read.

The huge price swings characteristic of Bitcoin in previous cycles have become rarer since institutions flooded into the space and spot Bitcoin exchange-traded funds started trading in the U.S. last year.

Analysts have previously told Decrypt that as the asset matures, it’s less likely to experience dramatic drops and surges.

“One of the striking developments this year has been the collapse in Bitcoin [volatility] from close to 60% at the beginning of the year to a historically low level of 30% currently,” the note added.

“We believe a factor behind the collapse in Bitcoin volatility has been the acceleration of Bitcoin purchases by corporate treasuries.”

The report added: “It is thus realistic to expect that the allocations to bitcoin by institutional investors could match those of competing asset classes such as gold if there is convergence in volatilities.”

A number of publicly-traded companies have this year followed Nasdaq-listed Strategy—formerly MicroStrategy—and bought Bitcoin to get better results for shareholders. Strategy (NASDAQ: MSTR) started buying Bitcoin in 2020 and its stock has soared as a result.

The Bitcoin versus gold debate has raged for years since Bitcoin in the past has correlated to the precious metal. Advocates describe the top cryptocurrency as “digital gold.”

But the asset—which debuted in 2009—has also in recent years correlated with U.S. equities, especially tech stocks.

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August 28, 2025 0 comments

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Bitcoin Price (BTC) News: Stuck Below $112K

by admin August 28, 2025

An attempted rally in crypto earlier on Thursday was met by steady selling throughout the U.S. afternoon hours.

After rising above $113,000 level at one point, bitcoin BTC$112,000.77 retreated to $111,800 late in the session, down about 0.7% over the past 24 hours. The selling in ether (ETH) and XRP XRP$2.9566 was a bit more sizable, with those tokens lower by 2.1% and 1.4%, respectively.

Outperforming among the majors was Solana’s SOL (SOL), which rose 3.1% over the past day.

Quietly on the rise even as bitcoin struggled mightily over the past two weeks is gold. The yellow metal was higher by another 0.8% on Thursday to $3,477 per ounce.

For the month of August, gold’s outperformance is even more stark — a rise of nearly 4% as bitcoin slid 5.2%.

At $3,477, gold now sits only a few dollars below its record high of $3,534 hit earlier this month on fears (now allayed) that Swiss gold bars would fall under punitive White House tariffs against Switzerland.

For whatever reason, the macro developments — lower interest rates and weaker U.S. dollar — giving a boost to gold over the past weeks are failing to ignite a bid for digital gold, aka bitcoin.

On tap for September appears to be the resumption of Federal Reserve rate cuts and one or possibly two new (likely dovish) Fed members appointed by President Trump. The year’s final four months could get interesting.

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August 28, 2025 0 comments

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US Users Coming Back to Binance? Not So Fast

by admin August 28, 2025

Are Americans actually coming back to Binance?
Binance banning US users

The Commodity Futures Trading Commission (CFTC) has issued a staff advisory that aims to clarify how foreign boards of trade (FBOTs) can interact with US-based clients in a compliant manner.

For several years, a lot of American projects had been forced to move offshore due to a rather hostile regulatory environment. Now, the CFTC wants to welcome them back under a proper regulatory framework.

Acting Chair Caroline Pham, who is reportedly on track to join cryptocurrency platform Moonpay, is framing this as the process of onshoring cryptocurrency activity.

Foreign exchanges could potentially start serving US customers without setting up local entities if they are licensed under a compatible regulatory regime.

Are Americans actually coming back to Binance?

Several prominent social media accounts, as well as some media outlets, have started circulating oversimplified and misleading headlines about such massive cryptocurrency trading platforms as Binance and OKX being able to welcome US traders.

Binance banning US users

Binance started banning US users around June 2019 due to heightened regulatory scrutiny.

The top exchange has since faced numerous accusations of trying to circumvent such restrictions.

In fact, the CFTC sued the trading giant in 2023, accusing it of luring in US customers.

Binance ended up settling with the CFTC for nearly $3 billion.

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August 28, 2025 0 comments

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Crypto Expert Reveals Why Ripple’s XRP Didn’t Fail Years Ago

by admin August 28, 2025

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A crypto expert has claimed that XRP’s survival over the years was not because of Ripple Labs’ efforts but due to the loyalty of its community. The remarks highlight the role of the XRP army, a group of long-term holders and dedicated supporters who, despite frustrations, have played a decisive part in keeping the token afloat through years of legal disputes and market challenges.

Why Ripple’s XRP Survived All These Years

XRP has become a topic of discussion within the crypto community due to its connection with Ripple and its dedicated army. A crypto market expert known as ‘Crypto Bitlord,’ took to X social media on Tuesday to highlight why XRP didn’t collapse years ago despite its controversial history.

According to him, the true reason behind XRP’s survival was the unwavering support of its community rather than Ripple itself. Crypto Bitlord explained that without the XRP army, Ripple would have failed years ago. He pointed out that from 2013 through 2021, the crypto company allegedly sustained itself by consistently selling tokens, a practice that he claimed was absorbed mainly by retail investors.

In his view, the constant buying from the XRP army kept the cryptocurrency alive and maintained liquidity during turbulent times. The crypto expert further suggested that with the support of retail participants, XRP could have overtaken Ethereum (ETH) in market capitalization, but it failed to do so due to Ripple’s alleged history of token dumpings.

Interestingly, Crypto Bitlord’s statement came in response to a heated remark made by another crypto community member, ‘BuryMeBig.’ The commentator had vehemently argued that Ripple does not care about the XRP army, despite the community’s role in supporting the company during difficult moments, including its recently concluded legal battle with the US Securities and Exchange Commission (SEC).

Many members agreed with BuryMeBig’s statement, recognizing that while Ripple has operated primarily as a business and software company, XRP holders maintained different expectations, viewing the token as a potential for life-changing gains.

Crypto Bitlord himself expressed frustration with XRP’s performance over the years, revealing that if the cryptocurrency ever drops back to $2, he would liquidate his holdings entirely. After going long on XRP for 12 years, the crypto market expert admitted to being disillusioned by the lack of substantial growth compared to other leading cryptocurrencies.

XRP Chart Points To Possible Short-Term Gains

In other news, crypto market analyst Don shared a technical analysis on X, predicting short-term bullish targets for XRP. His chart outlines two potential levels for XRP’s next rally, setting price expectations at $4.45 and then $5.48.

Source: Chart from Don on X

Don’s chart analysis reveals that XRP has been trading within a long-term ascending channel. After experiencing a strong upward move earlier this year, the altcoin entered a corrective phase marked by a descending wedge pattern. If XRP’s price breaks out from the wedge pattern, it could resume its climb toward the upper resistance of the channel, aligning with Don’s near-term bullish targets.

XRP trading at $2.9 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

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August 28, 2025 0 comments

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Bitcoin and the crypto market braced as economist warns on the Fed cuts

by admin August 28, 2025

Bitcoin and the broader crypto market are on edge as a top economist, whom Donald Trump nominated to the Federal Reserve in 2019, downplayed the impact of the upcoming interest rate cut.

Summary

Stephen Moore, a top US economist, has downplayed the impact of the coming Federal Reserve interest rate cut.
He believes that the main interest rate that the Fed should cut is the Interest on Reserves.
The main potential catalyst for the crypto market will be the October ETF approvals.

Bitcoin (BTC) price was trading at $112,645 at press time, up by 3.7% from its lowest level this month. Other top altcoins like Ethereum (ETH) and Solana were largely flat, while the market capitalization of all tokens remained at $3.9 trillion.

Crypto market on edge as Stephen Moore downplays impact of Fed cuts

One of the main catalysts driving the crypto market this week is a recent statement by Jerome Powell at the Jackson Hole Symposium in which he signaled that the bank may consider cutting interest rates in the upcoming meeting in September, citing the weak labor market.

The Fed rate cut everyone’s talking about might miss the real problem.

Jerome Powell hinted at cutting rates and markets celebrated. But here’s what Wall Street isn’t telling you:

The Federal Funds Rate cut won’t do much because barely any banks use it anymore.
The REAL rate to… pic.twitter.com/QG0mBMecSJ

— Stephen Moore (@StephenMoore) August 26, 2025

However, in a statement, Stephen Moore, a senior economist at the Heritage Foundation, said that the cut will not do much for the economy, and potentially for assets like stocks and cryptocurrencies.

He argues that the Federal Reserve interest rate has largely become irrelevant now that banks don’t use it anymore.

Instead, he argued that the bank should consider cutting the Interest on Reserve or IoR, which stands at 4.4%.

IoR is the interest that banks earn for storing money at the Federal Reserve, a figure that currently stands at $3.5 trillion. Banks earned about $186 billion from the IoR last year

The other potential risk is that the Federal Reserve may opt for a hawkish interest rate cut in September. This is where it cuts rates but delivers a restrictive outlook on monetary policy.

The case for a hawkish cut is that the economy is sending mixed signals, with the GDP data released on Thursday being better than expected and inflation remaining significantly higher than the Fed’s target of 2.0%.

ETF approvals to be the main catalyst

The main catalyst for the crypto market will be the upcoming ETF approvals by the Securities and Exchange Commission.

The agency has delayed most of the ETF approvals, including on popular tokens like Solana (SOL) and Ripple (XRP), to October.

After several delays, the Paul Atkins-led agency will likely move ahead and accept or reject them. Polymarket odds are that the agency will ultimately approve top ETFs, including Dogecoin, Solana, Hedera Hashgraph, and XRP.

Current data indicate a demand for altcoin ETFs, as evidenced by the surging inflows into the Ethereum ETF. Other futures-based altcoin funds like XXRP, SSK, and UXRP have also had substantial inflows a few months after their launch.

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August 28, 2025 0 comments