Crypto News Round-Up — August 2025

In the past 24 hours, cryptocurrency markets have seen noteworthy developments. Among the headlines: China is considering a yuan-backed stablecoin, a major crypto exchange’s IPO surge, and significant regulatory moves in the U.S. and Europe. This round-up covers the top stories of the day and explains why each matters.

• China Mulls Yuan-backed Stablecoin
• Tether Hires Former White House Adviser
• Bullish Exchange Shares Soar at IPO
• US House Passes Stablecoin Bill
• Trump Media Seeks Crypto ETF Approval
• EU Accelerates Digital Euro Plans

China Mulls Yuan-backed Stablecoin

According to a Reuters report, China is considering introducing yuan-backed stablecoins as part of a push to boost its currency’s global role (Reuters). This represents a major policy shift by Beijing, which famously banned cryptocurrency trading and mining in 2021. The State Council is reviewing a roadmap for this plan, with major cities like Shanghai and Hong Kong expected to lead implementation.

If adopted, a Chinese digital yuan stablecoin would align with recent moves in other countries and contest the dominance of dollar-pegged tokens. The report notes China’s goal is to counter U.S. dollar influence (Chinese-based stablecoins now near 0% of global market). This comes amid rising geopolitical tensions and reflects Beijing’s strategic use of digital finance to expand its global influence (Reuters).

• Potential yuan stablecoin could accelerate China’s currency internationalization.
• Shifts China’s stance after years of crypto bans, showing openness to blockchain innovation.
• Signals stronger competition with U.S. dollar-based stablecoins on global markets.

Tether Hires Former White House Adviser

Cryptocurrency firm Tether announced that it has hired Bo Hines, a former White House crypto policy adviser, as a strategic adviser (Reuters). Hines was executive director of the Presidential Council for Advisers on Digital Assets, giving him high-level experience in U.S. crypto policy. Tether’s move comes as the company seeks to expand its presence in the U.S. market and navigate a changing regulatory landscape.

Tether is the issuer of the world’s largest stablecoin (USDT), so bringing in a well-connected policy expert is significant. Industry observers note that this hire suggests Tether expects stricter oversight of stablecoins ahead, and aims to influence regulations. By tapping a prominent adviser, Tether is positioning itself to respond quickly if U.S. authorities impose new rules or guidelines (Reuters).

• Indicates stablecoin industry is gearing up for heavier regulation and policy engagement.
• Bridges the gap between the crypto industry and U.S. policymakers at a key time.
• Highlights Tether’s push to legitimize its business in the world’s largest market.

Bullish Exchange Shares Soar at IPO

Shares of Bullish, a U.S.-based cryptocurrency exchange backed by billionaire Peter Thiel, surged on debut. On its first trading day, Bullish’s stock opened around 75% above its IPO price, according to market reports (Reuters). The promarket jump indicates strong investor enthusiasm for a regulated crypto exchange stock.

Bullish’s heightened debut follows other successful market entries by crypto firms and comes amid an overall upswing in digital asset sentiment. Analysts say the stock’s performance reflects renewed confidence in crypto infrastructure companies after a period of consolidation. The strong reception for Bullish also suggests that institutional and retail investors are keen to participate as crypto firms tap public markets.

• Demonstrates robust investor appetite for crypto-related stocks despite market volatility.
• May encourage more crypto startups to seek public listings and raise capital.
• Signals that mainstream markets are still very bullish on digital asset firms (Reuters).

US House Passes Stablecoin Bill

The U.S. House of Representatives recently approved a landmark bill to regulate stablecoins (AP News). Often called the GENIUS Act, the legislation would establish a federal framework for U.S. dollar-pegged stablecoins. The bill, passed with bipartisan support, aims to enhance consumer protections and ensure stablecoin issuers meet strict capital and governance requirements.

Key provisions include requiring stablecoin issuers to be insured depository institutions and subject to banking regulations. The bill now heads to the president for signing. Industry experts say this move will provide legal clarity for the $300+ billion stablecoin market.

• Provides a clear legal framework for stablecoins, reducing uncertainty for businesses and banks.
• Could boost confidence and adoption of digital payments and blockchain services in the U.S.
• Marks a significant step toward mainstream legitimacy of crypto assets (AP News).

Trump Media Seeks Crypto ETF Approval

Trump Media & Technology Group, the parent company of the social media network Truth Social, has filed with the SEC to launch a new cryptocurrency ETF (Reuters). Dubbed the “Crypto Blue Chip ETF,” the proposed fund would invest in a handful of major digital currencies, providing diversified exposure to the crypto sector. The SEC filing comes as more traditional financial firms prepare to offer mainstream investors regulated crypto products.

The planned ETF underscores continuing interest in cryptocurrency investment vehicles despite regulatory uncertainty. If approved, it would use the Trump Media brand’s reach to attract retail investors to crypto. Analysts note that the move reflects optimism that U.S. regulators are moving toward clearer rules for crypto funds (Reuters).

• Makes it easier for everyday investors to buy diversified crypto through a regulated ETF product.
• Highlights growing competition in the crypto investment space from non-traditional asset managers.
• Suggests confidence that regulatory clarity on crypto is improving in the U.S.

EU Accelerates Digital Euro Plans

European officials are accelerating their work on a digital euro, according to a recent Financial Times report (FT). The push comes as U.S. and China advance their own digital currency projects. EU leaders want a digital euro ready by the mid-2020s to ensure Europe’s financial autonomy. Ongoing dialogue with European banks and regulators is being fast-tracked to finalize the framework and technology for a central bank digital currency.

The move follows new stablecoin regulations in the U.S., prompting the EU to speed up its timeline. A digital euro would allow instant retail payments while protecting users’ privacy, officials say. Such a currency could enhance cross-border payments within the eurozone and keep European finance competitive globally.

• A digital euro could modernize payments and reduce reliance on private cryptocurrencies.
• Shows how policy shifts in one region (e.g. U.S. stablecoin law) prompt responses elsewhere.
• May strengthen Europe’s financial sovereignty and innovation in digital finance (FT).

Note: Cryptocurrency markets remain highly volatile. News headlines can spur sharp price moves in either direction. Please remember this is not investment advice – always do your own research and understand the risks before making any financial decisions.

Bottom Line

This collection of stories highlights the dynamic nature of crypto markets and policy. From China’s potential stablecoin move to U.S. and EU regulatory efforts, digital assets are increasingly in the mainstream spotlight. While these developments may promise broader adoption and clearer rules, they also underline that the crypto landscape can change rapidly. Investors should pay close attention to policy signals, market trends, and inherent volatility. In short, do your due diligence – the situation can evolve quickly.