EURJPY

This nosedive is happening amidst a wider crypto slump. Big-name cryptocurrencies are collectively reeling, and today, Ethereum decided to join the party.

Ethereum’s venerable treasury colossus, BTCS Inc., has proffered a novel proposition: dividends and tokens of appreciation in ETH to its shareholders, a gesture as unexpected as a sonnet in a stock market. 🎭

This latest dip, oh so subtle, coincides with traders reducing their risk exposure before the grand speech of Federal Reserve Chair Jerome Powell at the Jackson Hole symposium on August 23. On-chain data, those cryptic hieroglyphs of the digital age, revealed a significant movement: nearly 12,000 BTC were transferred to exchanges, a clear sign of profit-taking near recent all-time highs. When large amounts of Bitcoin waltz into exchanges, it often whispers the intentions of the whales-those colossal creatures of the crypto sea-suggesting they might be preparing to sell. 🐳

Falcon Finance’s USDf is not merely a stablecoin; it is a testament to human ingenuity… or folly. An overcollateralized synthetic stablecoin, it clings to the U.S. dollar like a drowning man to a life raft. Its collateral? A hodgepodge of crypto assets-stablecoins like USDT and USDC, alongside volatile tokens such as BTC and ETH. Truly, a masterpiece of modern absurdity. 🤡

The financial world is abuzz! Stablecoins are sweeping across markets like a harmonious breeze, lauded for being swifter, kinder to your wallet, and globally friendly compared to the creaking gears of traditional settlements. On August 19, 2025, Coinbase, our modern-day harbinger, proclaimed Verse-like wisdom on social media platform X:

On the 19th of August, Tether, ever keen on expanding its U.S. influence, announced the appointment of Bo Hines as their new Strategic Advisor for Digital Assets and U.S. Strategy. Hines, who recently finished his stint as the Executive Director of the White House Crypto Council under President Donald Trump, is now tasked with coordinating Tether’s American policy moves and spearheading their market growth. This is no small feat, my friends. Tether’s CEO, Paolo Ardoino, made sure the world knew just how serious this development was by posting on platform X:

Bitcoin dropped 3.2% in the past 24 hours to slip below $114,000, while ether fell 5.3% to under $4,200. XRP tumbled 6.2%, Cardano’s ADA slid 8% and the broader crypto market was down 3.2%. 💸 (A veritable carnival of despair! 🎪)

Lawmaker Park Min-kyu, looking confusingly well-rested for someone who’s just digested a policy briefing thicker than a K-drama box set, says everything is on track. The plan dovetails with phase two of the Virtual Asset User Protection Act-which, in Act-Speak, basically means: “Phase One was just us asking ‘what’s a DeFi?’-Phase Two is us putting on serious trousers.”

Ah, the project! It places Compass in the driver’s seat of daily operations, while the site owner, bless their heart, shares the revenue and takes on the delightful risk of power pricing. The facility, after a slow and dramatic energization process that could rival a soap opera, reached full capacity in July. And lo! By October, Compass plans to transition the entire site to enterprise client hosting-because who doesn’t love a good corporate makeover? 💼

Solana’s DeFi Empire Grows Like a Chocolate Factory, Charging Fees So Fast Even Oompa-Loompas Would Blink Twice. 🍫📈