Coin overview
J
Ended--
Last price (USDT)
491.27K
24h total (USDT)
1.05M
Total vol (USDT)
2025-01-15 15:00:00 ~ 2025-01-22 09:30:00
Trading time (UTC+0)
2025-01-22 11:00:00 ~ 2025-01-22 23:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
Jambo is building a global on-chain mobile network, powered by the JamboPhone — a crypto-native mobile device starting at just $99. Jambo has onboarded millions on-chain, particularly in emerging markets, through earn opportunities, its dApp store, a multi-chain wallet, and more. Jambo’s hardware network, with 700,000+ mobile nodes across 120+ countries, enables the platform to launch new products that achieve instant decentralization and network effects. With this distributed hardware infrastructure, the next phase of Jambo encompasses next-generation DePIN use cases, including satellite connectivity, P2P networking, and more. At the heart of the Jambo economy is the Jambo Token ($J), a utility token that powers rewards, discounts, and payouts.
Why do we need DeFi?
From a Bird's-Eye View, What Is the Real-World Significance of "Decentralized Finance"? Written by: zacharyr0th, Aptos Labs Translated by: Alex Liu, Foresight News Practical Use Cases of DeFi The traditional banking system remains the foundation of finance, but it has long been plagued by systemic risks, regulatory failures, and conflicts of interest. Decentralized Finance (DeFi) offers permissionless access to financial tools—enabling censorship-resistant, borderless stablecoin usage, and transparent yield generation. The future financial landscape will emerge from a pragmatic integration between traditional institutions and decentralized infrastructure. The global financial system is built on a vast network of intermediaries, processing trillions of dollars in transactions daily. While this architecture has historically supported global trade and capital flows, it has also introduced bottlenecks, inefficiencies, and systemic risks. Despite technological progress, traditional institutions remain deeply entrenched—not only operationally, but also politically and socially. Some are considered "too big to fail," while others quietly go bankrupt. Although many institutions are renowned, their histories are still tainted by regulatory violations and unresolved conflicts of interest. These phenomena reflect a deep-rooted systemic issue—not just a lack of regulation, but a design flaw. Worse still, the boundaries between regulators and the regulated are often blurred. Former SEC Chairman Gary Gensler worked at Goldman Sachs for 18 years before overseeing Wall Street; Federal Reserve Chairman Jerome Powell accumulated considerable investment banking wealth before setting monetary policy; former U.S. Treasury Secretary Janet Yellen collected over $7 million in speaking fees from financial institutions she would later regulate. Admittedly, professional expertise can be compatible between the public and private sectors, but this "revolving door" phenomenon is nothing new—it has almost become the norm. The Mission and Operating Mechanism of Central Banks In 1913, after a series of bank runs, the Federal Reserve was established. Designed by financiers like J.P. Morgan, the Fed is a quasi-governmental institution: theoretically accountable to Congress, but in practice operating independently. In 1977, the Fed's dual mandate was formally established: Maximize employment Maintain price stability (currently interpreted as about 2% inflation) Although monetary policy continues to evolve, its main tools remain the same: interest rate adjustments, balance sheet expansion, and open market operations. Since 2012, the Fed has explicitly targeted a 2% annual inflation rate, a goal that has had widespread effects on asset values and the purchasing power of the dollar. From a long-term historical perspective, interest rates have shown a steady decline. As the financial system becomes more complex and interconnected, borrowing costs continue to fall. Value and Perception Since 2008, the correlation between the Fed's balance sheet and the S&P 500 index has grown stronger, raising questions about the long-term effects of monetary expansion. Some argue that the U.S., thanks to its global dominance, can "print money freely" with relatively minor consequences; the dollar's reserve currency status and global trust in U.S. institutions provide a buffer against inflation erosion. But not all countries enjoy such privileges. In many parts of the world—especially where goods and services are not priced in dollars or euros—DeFi is not an option, but a necessity. In developed economies, people can debate the theoretical benefits of decentralization; but for billions in less developed regions, they face real problems that traditional banks cannot or will not solve: currency devaluation, capital controls, lack of banking infrastructure, political instability. These require solutions outside the traditional system. Stablecoins and Inflation Resistance Between 2021 and 2022, Turkey experienced severe economic turmoil, with inflation rates reaching as high as 78.6% year-on-year. For ordinary people, local banks could not offer effective solutions, but DeFi could. Through stablecoins and non-custodial wallets, people could avoid asset devaluation, transact globally, and bypass unfair capital controls—all enabled by open-source tools accessible to anyone. These wallets require no bank account, no cumbersome paperwork—just a private key or mnemonic phrase to access on-chain accounts. Censorship Resistance A large number of truck drivers protesting at the U.S.-Canada border had their bank accounts frozen by authorities, making it impossible for them to repay loans or purchase necessities—even though they had not violated any specific laws. In centralized systems, financial autonomy is not a given, whereas DeFi offers a different model: open infrastructure governed by code, not regional policy. Yield and Innovation DeFi protocols have redefined financial primitives: lending, trading, insurance, and more—but these innovations come with new risks. Some protocols have collapsed, malicious actors have been exposed, but the market naturally filters for sustainable innovation. Survivors—such as Automated Market Makers (AMMs) and liquidity pools—represent DeFi best practices: building transparent, permissionless infrastructure that distributes trading fees to liquidity providers, rather than concentrating market-making profits in the hands of a few gatekeepers. This is a fundamentally different model from traditional finance—where market access, especially for market-making, is highly restricted and lacks transparency. A Balanced Future At least in the short term, the future of finance will not be fully decentralized nor fully centralized, but rather a hybrid. DeFi is not a complete replacement for traditional finance, but it does fill gaps ignored by the traditional system: accessibility, censorship resistance, and transparency. In economies plagued by regional inflation or financial repression, DeFi is already solving everyday problems. In countries like the U.S. where the banking system is more secure, DeFi's value proposition also holds, but more in theory. For most people in stable economies, traditional banks still offer convenience, consumer protection, and reliability that DeFi has yet to fully match. Once traditional financial infrastructure upgrades to a blockchain-based settlement layer, this theory will gradually become reality. Until then, some will pursue financial sovereignty, some entrepreneurs will build at the frontier, and some smart capital will use DeFi primitives to seek higher risk-adjusted returns—of course, accompanied by a large number of meme coins and airdrop activities. What Do Others Think? "The goal of DeFi is not to fight traditional finance, but to build an open and accessible financial system to complement existing infrastructure." — Ethereum co-founder Vitalik Buterin "DeFi protocols represent a paradigm shift in financial infrastructure, offering programmable and transparent alternatives to traditional financial services." — Dr. Fabian Schär, Professor of Distributed Ledger Technology at the University of Basel "While DeFi platforms may offer promising technological innovations, they still need to operate within a framework that protects investors and maintains market integrity." — Former U.S. SEC Chairman Gary Gensler Why DeFi Matters In a world of economic volatility and eroding institutional trust, decentralized systems are gradually demonstrating their capabilities: leveraging new blockchain attributes to enhance traditional payments and financial operations. The architecture of DeFi—permissionless, global, transparent—unleashes new financial freedoms, breaking down barriers of geography, identity, and institution. Smart contracts automate complex processes, reduce costs, and eliminate friction—things traditional infrastructure cannot achieve. Risks remain, but so does progress.
Japan Post's Strategic Share Sales: A Privatization Play with Long-Term Shareholder Value Implications
Japan Post Holdings , the sprawling financial and postal services giant, has embarked on a transformative journey to reshape its corporate identity. By systematically divesting stakes in subsidiaries like Japan Post Bank (7182.T) and Japan Post Insurance (7181.T), the company is not merely complying with regulatory mandates—it is redefining its role in Japan's evolving privatization landscape. These moves, part of its JP Vision 2025 roadmap, are unlocking operational flexibility, enhancing governance, and boosting capital efficiency, positioning the parent company as a compelling long-term investment. Corporate Governance: From State Control to Market Accountability For decades, Japan Post Holdings operated as a quasi-state entity, with its subsidiaries functioning under the shadow of government oversight. The recent share sales—most notably the ¥592 billion ($4 billion) offering in Japan Post Bank—have slashed the parent company's voting rights in its subsidiaries below 50%, a critical threshold for operational independence. This shift aligns with Japan's broader corporate governance reforms, which emphasize reducing “parent-child” listings and boosting free-float ratios to attract diverse shareholder bases. Japan Post Bank, for instance, has established a voluntary Risk Committee chaired by Kenzo Yamamoto, an independent director with deep financial expertise. This committee reviews investment policies and ensures portfolio stability, a move that signals a commitment to transparency and accountability. Similarly, Japan Post Insurance, which already reduced its parent's stake to 49.9% via a 2021 share buyback, is now governed by a board that can act autonomously, free from bureaucratic inertia. Operational Flexibility: From Compliance to Competitiveness The reduction in ownership stakes has granted subsidiaries the freedom to pursue aggressive growth strategies. Japan Post Bank, for example, has shifted from a shareholder approval system to a notification system for new business ventures, enabling faster decision-making. Its three-core-business strategy—Retail, Market, and Σ (Sigma)—focuses on digital transformation, portfolio optimization, and regional revitalization. The Yucho Bankbook App, now with 13.59 million registered users, exemplifies this pivot, blending convenience with the bank's vast physical network of 20,000 post offices. Japan Post Insurance, despite a 60.6% drop in new individual policies in Q1 2025, is recalibrating its approach. Its Q1 net income surged 65.4% year-on-year to ¥34.6 billion, driven by improved market conditions and reduced reserve burdens. The company's pivot to high-quality risk assets and yen interest rate investments reflects a more agile, market-responsive strategy. Capital Efficiency: From Cost-Cutting to Value Creation The proceeds from share sales are being strategically allocated to enhance shareholder returns and fund growth. Japan Post Bank's recent offering, for instance, will finance logistics investments, share buybacks, and digital infrastructure. The bank's Q3 2025 results underscore its capital discipline: net income attributable to the parent company hit ¥308.3 billion, 77% of its full-year target, while general and administrative expenses fell by ¥9.7 billion. Japan Post Holdings has also prioritized capital efficiency through its Employee Stock Ownership Plan (J-ESOP) and Board Benefit Trust (BBT), channeling funds into initiatives that align employee and shareholder interests. The company's target ROE of 5%—a stepping stone toward 10%—highlights its focus on profitability over mere scale. The Investment Case: A Privatization Play with Legs Japan Post's strategic divestments are not just about compliance; they are about creating a leaner, more dynamic entity capable of competing in a globalized economy. The parent company's universal service obligations in depopulated areas remain intact, but its subsidiaries now have the tools to innovate. For investors, this translates to a compelling risk-reward profile: Governance Reforms: Enhanced transparency and independent oversight reduce regulatory risks. Operational Agility: Subsidiaries can pivot quickly to capitalize on market opportunities. Capital Allocation: Proceeds from sales are being reinvested in high-return ventures, from logistics to AI-driven operations. Risks and Considerations While the privatization narrative is strong, challenges remain. Japan Post Insurance's declining new policy sales highlight the need for sustained innovation in its insurance offerings. Additionally, the company's exposure to interest rate volatility—evidenced by unrealized losses on securities—requires careful portfolio management. However, Japan Post's strategic focus on regional revitalization and digital transformation provides a buffer. Its Σ Business, which invests in unlisted Japanese stocks and regional ventures, is a unique value driver that few competitors can replicate. Conclusion: A Long-Term Bet on Japan's Resilience Japan Post Holdings' share sales are more than a regulatory checkbox—they are a masterclass in strategic capital restructuring. By embracing privatization, the company is transforming itself from a government-dependent entity into a market-driven force. For investors with a long-term horizon, this is a rare opportunity to bet on a company that is not only surviving but thriving in Japan's evolving economic landscape. In the end, Japan Post's story is one of reinvention. As it continues to unlock value through governance, flexibility, and efficiency, the shares of this once-staid giant may well become a cornerstone of a forward-looking portfolio.
J.M. Smucker Co.: Navigating Margin Pressures and Shifting Consumer Preferences in a Volatile Market
The J.M. Smucker Co. (SJM) has long been a stalwart of the packaged goods sector, but its Q1 FY26 results reveal a company at a crossroads. While the firm reported a 1% organic sales growth in the quarter, driven by its Hostess Brands acquisition and volume gains in core products like Uncrustables and Café Bustelo, the broader narrative is one of margin compression, shifting consumer behavior, and a fragile path to deleveraging. For investors, the question is no longer whether Smucker can grow—it is whether its business model can sustain profitability in an era of rising input costs, regulatory headwinds, and evolving dietary preferences. Margin Pressures and Cost Overruns Smucker's Q1 FY26 operating income rose 15% year-over-year to $349.5 million, but this was largely a function of the Hostess acquisition rather than organic efficiency. Adjusted operating income surged 35% to $447.9 million, yet the underlying cost structure tells a different story. Selling, distribution, and administrative (SD&A) expenses jumped 24% to $390.1 million, while amortization costs climbed 41% to $56.0 million. These increases, coupled with a 25¢-per-share hit from elevated green coffee tariffs, highlight the fragility of Smucker's profit margins. The company's updated guidance for FY26—a 37.5% gross profit margin—reflects a 150-basis-point decline from prior expectations, driven by higher green coffee costs and SKU rationalization in the Sweet Baked Snacks segment. While Smucker has offset some of these pressures through price increases and cost discipline, the margin tailwinds are temporary. For example, the coffee segment's pricing actions are expected to yield a mid-20% benefit in FY26, but this comes at the expense of volume declines (low to mid-teens) and a 25¢-per-share tariff drag. Shifting Consumer Preferences and Strategic Gaps Smucker's performance underscores a broader challenge: aligning its portfolio with modern consumer priorities. The U.S. Retail Pet Foods segment, for instance, saw a 9% sales decline due to divestitures, while the Sweet Baked Snacks segment—despite Hostess's $333.7 million contribution—faces SKU rationalization and margin erosion. Meanwhile, the Dunkin' brand's sales dipped, reflecting a broader trend of declining discretionary spending in coffee and snacks. The company's response has been to double down on core brands and divest non-core assets. However, this strategy risks short-term gains at the expense of long-term innovation. For example, Hostess's SKU rationalization is expected to save $30 million annually, but it also eliminates long-tailed products that could have catered to niche markets. Similarly, Smucker's focus on cost discipline—such as reducing energy and water usage—aligns with ESG goals but does little to address the structural decline in categories like traditional coffee and pet snacks. Valuation and Risk Assessment Smucker's stock currently trades at a forward P/E of 12.08, a discount to its 5-year average of 14.5x. However, this valuation is supported by a revised free cash flow outlook of $975 million for FY26, up from $875 million, and a 3.98% dividend yield. Analysts remain cautiously optimistic, with an average price target of $116.56 (vs. current price of $105.67). Yet, the company's leverage ratio of 4.3x—well above its 3x target—casts doubt on its ability to sustain this trajectory. The key risk lies in Smucker's reliance on one-time cost savings and pricing power. While the Hostess integration and SKU rationalization provide near-term relief, they do not address the root causes of margin pressure: volatile commodity costs, regulatory uncertainty, and a saturated market for legacy products. For instance, the coffee segment's margin improvement in Q4 FY26 hinges on a 20¢-per-share benefit from price elasticity, which may not persist if consumers shift to cheaper alternatives or GLP-1 drug-induced dietary changes accelerate. Investment Implications Smucker's Q1 FY26 results present a mixed bag. On one hand, the company has demonstrated resilience in core brands and a disciplined approach to deleveraging. On the other, its reliance on short-term fixes and exposure to margin-sensitive categories like coffee and snacks pose significant risks. For investors, the decision to hold or divest hinges on two factors: 1. Execution of Strategic Initiatives: Can Smucker sustain its cost discipline and pricing power while navigating green coffee tariffs and SKU rationalization? The company's ability to achieve its 3x leverage target by FY27 will be critical. 2. Portfolio Rebalancing: Will Smucker invest in innovation (e.g., plant-based snacks, premium pet foods) to offset declining categories, or will it continue to prioritize cost-cutting at the expense of long-term growth? In the short term, Smucker's stock may offer value for income-focused investors due to its high yield and updated guidance. However, the lack of structural differentiation in its portfolio and the looming threat of margin compression suggest a cautious approach. For growth-oriented investors, the company's reliance on legacy brands and limited exposure to emerging trends (e.g., health-conscious snacks, sustainability-driven packaging) make it a less compelling play. Conclusion J.M. Smucker Co. is a company in transition. Its Q1 FY26 results highlight both the potential and the perils of its current strategy. While the firm has made strides in deleveraging and optimizing its cost base, the sustainability of its business model remains unproven. Investors must weigh the immediate appeal of its dividend and valuation against the long-term risks of margin erosion and market saturation. For Smucker to thrive, it must do more than cut costs—it must reinvent itself for a world where consumer preferences are as fickle as they are fast-moving. Until then, the stock remains a high-yield, high-risk proposition.
J.Jill's Dividend Gambit: Balancing Prudence and Shareholder Returns in a Fragile Retail Landscape
In the aftermath of a decade marked by retail sector upheaval, J. Jill , Inc. (NYSE: JILL) has emerged as a case study in the delicate art of balancing financial prudence with aggressive shareholder returns. The company's recent decision to raise its quarterly dividend by 14.3%—to $0.08 per share—together with a $25 million share repurchase program, has sparked both admiration and skepticism. For investors, the question is whether J.Jill's strategy reflects a disciplined approach to capital allocation or a risky overreach in a sector still grappling with post-pandemic volatility. The Dividend Playbook: Growth, Payouts, and Prudence J.Jill's dividend increase, announced in December 2024, was not a mere gesture. It was a calculated move, underpinned by $47.3 million in free cash flow for fiscal 2024 and a cash balance of $35.8 million. The company's payout ratio—14.29% based on trailing earnings—suggests ample room to sustain or even grow the dividend. By comparison, peers like Kohl's Corporation (KHC) operate with a payout ratio of 46.98%, a stark contrast that highlights J.Jill's conservative approach. Yet the company's debt-to-equity ratio of 7.36 as of April 30, 2024, raises eyebrows. While this is lower than Victoria's Secret & Co.'s 4.378, it remains a red flag in an industry where liquidity is king. J.Jill's management, however, argues that its disciplined operating model—18 of the last 20 quarters of comp sales growth and 20 consecutive quarters of adjusted EBITDA growth—provides a buffer against macroeconomic headwinds. A Retail Sector in Transition The post-pandemic retail landscape is a patchwork of resilience and fragility. While physical retail remains dominant (accounting for 80% of U.S. transactions), discretionary categories like apparel face unique challenges. J.Jill's niche in curated women's fashion positions it to capitalize on trends like athleisure and omnichannel shopping, but it also exposes the company to inventory risks and shifting consumer preferences. Industry comparisons reveal a mixed picture. The retail - cyclical sector's median dividend yield in 2025 is 2.475%, with J.Jill's 1.74% trailing yield placing it in the lower half. However, its forward yield of 1.87% and a share price of $17.09 suggest potential for upward movement. The company's 43% direct-to-consumer sales penetration and a new order management system further bolster its ability to adapt to digital commerce trends. The Risks of Ambition J.Jill's strategy is not without peril. A 14.3% dividend increase in a sector where many retailers are prioritizing reinvestment over payouts is bold. The company's $25 million share repurchase program, while funded by existing cash and future free cash flow, could strain liquidity if sales growth slows. For context, the retail sector's net absorption of retail space remains negative (-7.5 million square feet as of Q2 2025), and vacancy rates hover near 4.3%, signaling ongoing structural challenges. Moreover, J.Jill's debt load—though manageable today—could become a liability if interest rates remain elevated or if consumer spending falters. The company's projected adjusted EBITDA of $101–$106 million in 2025 is encouraging, but it hinges on maintaining comp sales growth of 1–3%. A misstep in this range could force a reassessment of capital allocation priorities. Investment Implications: A Calculated Bet For investors, J.Jill's dividend strategy represents a calculated bet on its ability to outperform in a fragmented market. The company's low payout ratio and strong cash flow generation provide a margin of safety, while its focus on omnichannel innovation and store growth offers long-term upside. However, the high debt-to-equity ratio and sector-specific risks mean this is not a defensive play. The key inflection point will be J.Jill's Q2 2025 earnings report, due on September 3, 2025. A strong performance could validate the company's aggressive capital return approach, while a slowdown in comp sales or EBITDA margins would test the sustainability of its dividend. Conclusion: A Model for the New Retail Era? J.Jill's approach to shareholder returns is emblematic of a broader shift in retail: a focus on agility, customer-centricity, and disciplined capital allocation. While its debt levels and sector volatility pose risks, the company's ability to generate free cash flow and execute on its growth initiatives suggests it is navigating the post-pandemic landscape with a blend of caution and ambition. For investors willing to tolerate the inherent risks of a discretionary retail play, J.Jill offers an intriguing proposition. The dividend increase and share repurchase program are not just financial maneuvers—they are statements of confidence in a brand that has weathered the storm and is now positioning itself for a more resilient future. In the end, the success of J.Jill's strategy will depend on its ability to balance the immediate demands of shareholders with the long-term health of its business. For now, the numbers suggest it is walking that tightrope with skill—and investors would be wise to watch closely.
XRP: The Quiet Disruptor in Digital Finance
The cryptocurrency market has long been a theater of volatility, speculation, and regulatory uncertainty. Yet, in the aftermath of the August 2025 resolution of the SEC vs. Ripple lawsuit, XRP has emerged not as a speculative token but as a foundational asset in the evolution of digital finance. With regulatory clarity now firmly in place, XRP's trajectory is shifting from legal limbo to institutional-grade utility, positioning it as a stealth asset poised for explosive demand in Q4 2025 and beyond. Regulatory Clarity: A Catalyst for Institutional Adoption The dismissal of the SEC's case against Ripple in August 2025 marked a watershed moment. By affirming that XRP sold on public exchanges is not a security, the ruling removed a critical barrier for institutional investors, exchanges, and financial infrastructure providers. This clarity has already triggered a surge in XRP's integration into real-world systems. For instance, Ripple's On-Demand Liquidity (ODL) service now processes $1.3 trillion in cross-border transactions annually, with partners like SBI Remit and Onafriq leveraging XRP to slash costs and settlement times in high-volume corridors. The $125 million fine imposed for past institutional sales violations, while non-trivial, is a fraction of the $1.2 billion initially sought by the SEC. This pragmatic resolution signals a regulatory environment increasingly open to innovation, provided compliance is prioritized. As a result, institutions are now treating XRP as a utility asset rather than a liability. Over 60 companies, including SBI Holdings and Trident , have filed or announced plans to build XRP reserves, a shift from speculative accumulation to strategic treasury integration. Expanding Real-World Utility: From Speculation to Infrastructure XRP's value proposition has always hinged on its ability to solve real-world problems. The XRP Ledger (XRPL) now processes over 70 million transactions annually, with a throughput of 1,500 transactions per second and settlement times of 3–5 seconds. These metrics make it ideal for cross-border payments, where speed and cost efficiency are paramount. For example, a €10 million transaction via XRP settles in under six seconds and costs less than $0.01, compared to SWIFT's 30-hour processing times and fees that can exceed $50. Ripple's RLUSD stablecoin, launched in 2025 and custodied by BNY Mellon, further amplifies XRP's utility. By offering a regulated dollar-backed asset, RLUSD enables institutions to route high-cost corridors through XRP when it offers economic advantages. This dual-functionality—stablecoin for compliance, XRP for liquidity—has attracted major players like J.P. Morgan, which projects $4.3–8.4 billion in inflows for XRP-based ETPs if ETFs are approved. The ETF Revolution: A New Demand Channel The most transformative development for XRP in 2025 is the anticipated approval of spot ETFs. Seven major asset managers, including Grayscale, Bitwise, and 21Shares, have submitted U.S. ETF applications, with a 95% probability of approval by October 23, 2025. If approved, these ETFs could inject $8.4 billion in institutional capital into XRP within the first year—a figure mirroring the Bitcoin ETF-driven rally of 2024. This influx of capital would not only boost XRP's price but also enhance its liquidity and reduce volatility. For context, XRP's order-book depth has already improved significantly in 2025, with 1% market depth exceeding $200 million on major exchanges. The launch of CME Group's XRP futures in May 2025, which attracted $1.6 billion in open interest by July, further underscores the asset's maturing institutional profile. Technical and On-Chain Indicators: A Bullish Outlook XRP's technical metrics reinforce its investment case. Whale accumulation has surged, with 2,700 wallets holding over 1 million XRP tokens and collectively accumulating $3.8 billion since January 2025. This strategic positioning suggests long-term confidence in XRP's utility and price trajectory. On-chain data also tells a compelling story. As of August 2025, 93% of XRP addresses remain in profit, according to Santiment, indicating strong retail and institutional retention. The token's price near $2.96 and a market cap of $176 billion position it as one of the top three cryptocurrencies, with a clear path to outperforming peers in a market rotation toward utility-driven assets. Risks and Competition: Navigating the Challenges XRP is not without its challenges. Stablecoins and CBDCs pose direct competition in corridors where low volatility is critical. Additionally, execution risks, such as early technical issues with the XRP Ledger's AMM, could hinder adoption. However, Ripple's focus on high-cost corridors—where XRP's speed and cost advantages are most pronounced—mitigates these risks. Investment Thesis: A Buy for Q4 2025 For forward-thinking investors, XRP represents a unique confluence of regulatory clarity, real-world utility, and institutional demand. The approval of spot ETFs in October 2025 could act as a catalyst, driving XRP's price above $3.06 and validating a bullish triangle pattern historically associated with 25–40% rallies. Moreover, XRP's role in RippleNet—now operating in 90+ markets and 55 currencies—ensures a steady flow of demand from institutions seeking cost-effective cross-border solutions. With J.P. Morgan and other banks projecting significant inflows for XRP-based products, the token is well-positioned to outperform in a market increasingly focused on utility over speculation. In conclusion, XRP's post-2025 legal resolution has transformed it from a regulatory gray zone asset into a cornerstone of global financial infrastructure. For investors seeking exposure to a digital asset with clear institutional adoption, regulatory tailwinds, and a robust technical foundation, XRP is a compelling buy in Q4 2025. The quiet disruptor is now ready to roar.
Solana News Today: Sharps Seals $400M Bet on Solana’s Future as Corporate Treasury Standard
Sharps Technology Inc. (NASDAQ: STSS) experienced a surge of over 56% in its stock price on Wednesday, driven by a $400 million private placement aimed at establishing one of the largest Solana (SOL) digital asset treasuries. The company announced the transaction as part of a private investment in public equity (PIPE) offering at $6.50 per unit, with warrants exercisable at $9.75 over a three-year period. The deal is set to close around August 28, 2025, and is backed by major financial institutions and digital asset market leaders such as ParaFi, Pantera, FalconX, and Republic Digital [1]. Alice Zhang, the newly appointed Chief Investment Officer of Sharps Technology , emphasized the strategic importance of Solana’s high-speed, low-cost infrastructure for global market adoption. She highlighted Solana’s potential as a settlement layer for various asset classes, including equities, bonds, and private assets. The company’s advisory team, including renowned figures in the Solana ecosystem, is positioned to leverage institutional support and expand its digital asset treasury operations [1]. James Zhang, co-founder of Jambo and a prominent figure in the Solana community, has joined Sharps Technology as a strategic advisor. He praised Solana’s leadership in staking yields, chain revenue, and transaction volume, positioning the digital asset as a key player in the next stage of global financial infrastructure. Zhang added that the company's digital asset treasury is expected to generate long-term value for shareholders through a structured accumulation strategy [1]. The private placement includes a non-binding letter of intent with the Solana Foundation, which has agreed to sell $50 million worth of SOL at a 15% discount to the 30-day time-weighted average price, subject to conditions tied to the offering. This partnership underscores the growing institutional confidence in Solana’s ecosystem, which has attracted over 7,500 new developers in 2024 and generated $1.3 billion in app revenue in the first half of 2025 [1]. Analysts have noted that Sharps Technology’s move aligns with broader trends in digital asset adoption, particularly the increasing interest in corporate treasuries holding significant amounts of crypto assets. The company’s strategy builds on recent initiatives by other institutional players, including Pantera Capital, which is seeking to raise $1.25 billion for a Solana-focused treasury vehicle [3]. These developments reflect a broader shift in corporate finance, with companies exploring digital assets as a means of diversifying reserves and generating yield [4]. The price action for STSS has reflected strong investor sentiment, with the stock trading at $11.34 pre-market at the time of the announcement, a 54.18% increase. The move has been attributed not only to the size of the offering but also to the strategic alignment with Solana, a blockchain platform that continues to gain traction in developer and institutional circles. Solana’s network now ranks among the most liquid digital assets globally, with daily trading volumes reaching $6 billion and an average of 3.8 million active wallets year-to-date [1]. As Sharps Technology moves forward with its digital asset treasury, the company is expected to face scrutiny from investors and regulators. The broader market for digital assets remains volatile, and while Solana has shown resilience in terms of adoption and transaction volume, its price performance has lagged behind some of its peers. However, the strategic investment in Solana represents a significant step toward legitimizing digital assets as a core component of corporate treasury management [4]. Source:
XRP's Institutional On-Ramp: Strategic Implications and Investment Opportunities
The financial landscape is undergoing a quiet but profound transformation as institutional investors increasingly turn their attention to digital assets. Among these, XRP has emerged as a compelling case study in the convergence of utility, regulatory clarity, and macroeconomic tailwinds. The recent whispers of J.P. Morgan's potential accumulation of XRP, coupled with broader institutional adoption trends, signal a pivotal shift in how traditional finance perceives and integrates blockchain-based solutions. This article examines the strategic implications of these developments and evaluates XRP's trajectory as a utility-driven asset in a post-SEC litigation environment. The Strategic Rationale for Institutional Adoption XRP's appeal to institutions lies in its unique value proposition: a fast, low-cost, and scalable solution for cross-border payments. Ripple's On-Demand Liquidity (ODL) service, which leverages XRP as a bridge asset, has already processed $1.3 trillion in transactions in Q2 2025 alone. This utility is particularly attractive to banks and payment providers operating in high-cost corridors, where XRP's 0.0004% transaction fees starkly contrast with the 5–7% costs of traditional SWIFT transfers. For institutions, this translates to significant cost savings and operational efficiency, reducing reliance on pre-funded nostro accounts and mitigating foreign exchange risks. J.P. Morgan's reported accumulation of XRP, while unconfirmed, aligns with this utility-driven narrative. The firm's internal analysis, “Sizing up the XRP ETP Opportunity,” estimates that XRP-based exchange-traded products (ETPs) could attract $4.3 billion to $8.4 billion in inflows within a year of approval. This projection is rooted in XRP's economic advantages and its growing integration into real-world financial infrastructure, such as Ripple's partnerships with Santander , SBI Holdings, and Tranglo. If J.P. Morgan is indeed building a position, it reflects a strategic bet on XRP's role in reshaping global payments. Regulatory Clarity and the ETF Catalyst The August 2025 U.S. Court of Appeals ruling, which affirmed XRP's non-security status in secondary markets, has been a game-changer. This regulatory clarity has removed a critical barrier to institutional participation, enabling asset managers to explore XRP-based products without legal ambiguity. The potential approval of U.S. spot XRP ETFs—already in the filing stages—could mirror the success of Bitcoin and Ethereum ETFs, injecting billions into the asset class. J.P. Morgan's analysis suggests that XRP ETFs could capture 3–6% of the token's $146.5 billion market cap in their first year, a figure that underscores the scale of institutional interest. The firm's own digital assets division has also expanded its blockchain initiatives, including the launch of JPMD, a USD deposit token on Ethereum's Layer 2. These moves indicate a broader strategic alignment with digital infrastructure, positioning J.P. Morgan to capitalize on XRP's utility and ETF-driven liquidity. Macro Tailwinds and Market Dynamics Beyond regulatory and technological factors, macroeconomic conditions are amplifying XRP's institutional appeal. Dovish central bank policies have reduced the opportunity cost of holding non-interest-bearing assets like XRP, while inflationary pressures have spurred demand for non-sovereign hedges. Additionally, XRP's role in emerging markets—where it facilitates real-time remittances and reduces liquidity constraints—positions it as a critical tool for financial inclusion. Ripple's RLUSD stablecoin, backed by reserves custodied with BNY Mellon, further enhances XRP's utility. By offering a regulated on-ramp to the XRP ecosystem, RLUSD allows institutions to selectively leverage XRP's cost advantages in corridors where it outperforms traditional systems. This hybrid model—stablecoin for stability, XRP for efficiency—creates a compelling value proposition for institutional portfolios. Risks and Considerations While the case for XRP is robust, investors must remain cognizant of risks. Regulatory shifts in key markets, such as the EU or Asia, could disrupt adoption. Additionally, XRP's price volatility, though mitigated by its utility-driven demand, remains a concern. The token's performance is also contingent on the success of Ripple's ODL network and the broader adoption of its stablecoin. Investment Thesis and Strategic Recommendations For investors, XRP presents a dual opportunity: exposure to a utility-driven asset with real-world demand and the potential for capital appreciation as institutional adoption accelerates. The approval of XRP ETFs could act as a liquidity catalyst, similar to Bitcoin's 2024 ETF surge. However, a diversified approach is prudent. Investors should consider allocating to XRP-based ETPs while hedging against macroeconomic risks through a mix of traditional and digital assets. In the short term, monitoring J.P. Morgan's actions and the SEC's ETF decisions will be critical. Long-term, the expansion of Ripple's ODL network and the integration of XRP into decentralized finance (DeFi) through the XRP Ledger's automated market maker (AMM) could deepen institutional demand. Conclusion XRP's journey from speculative token to institutional-grade asset underscores the evolving role of blockchain in global finance. As J.P. Morgan and other institutions increasingly recognize its utility, XRP is poised to become a cornerstone of cross-border payments and treasury operations. For investors, the key lies in balancing optimism with caution, leveraging XRP's strategic advantages while navigating the inherent risks of a rapidly changing market. The coming months will be pivotal, but one thing is clear: the institutional on-ramp to digital assets is no longer a distant possibility—it is an unfolding reality.
Solana Policy Institute donates $500,000 to Tornado Cash developers' legal defense
The Solana Policy Institute has donated $500,000 to the legal defense of both Tornado Cash software developers Roman Storm and Alexey Pertsev after they were found guilty of crimes linked to the crypto mixer and now face prison time. Pertsev appealed his conviction in May 2024. Storm, who was found guilty earlier this month on a money transmitting charge, is expected to file post-trial motions to overturn that conviction, according to an Aug. 11 filing. "These prosecutions continue to set a chilling precedent that threatens the software development industry," said Solana Policy Institute CEO Miller Whitehouse-Levine in a blog post on Thursday. "If the government can prosecute developers for creating neutral tools that others misuse, it fundamentally changes developers' risk calculus. Why would programmers build groundbreaking software if they might face criminal charges?" Pertsev was sentenced to 64 months in prison by a Dutch court for facilitating $1.2 billion in money laundering through the crypto mixer between July 2019 and August 2022. Over a year later, Storm was found guilty in a New York court of conspiracy to operate an unlicensed money transmitting business, but the jury was unable to reach a verdict on money laundering and sanctions charges. In the U.S., prosecutors' stance on software developers has since shifted under the Trump administration. Last week, Matthew J Galeotti, acting assistant attorney general of the Justice Department's Criminal Division, said that "writing code" is not a crime. Whitehouse-Levine said SPI looked forward to that statement being put into action. "Until then, we will continue to stand with Storm and Pertsev and appreciate the efforts of everyone in the crypto industry advocating for them," Whitehouse-Levine said. The Solana Policy Institute also signed onto a letter on Wednesday with over 100 other crypto entities urging lawmakers to protect software developers as they deliberate how the digital asset industry is regulated.
Mind Network Partners with Ant Digits for Encryption Tech
Key Takeaways: Partnership focuses on encryption technology for blockchain. Initial $25,000 investment for technical exploration. Potential to enhance data security in fintech. Mind Network Partners with Ant Digits for Encryption Tech Mind Network’s partnership with Ant Digits focuses on advancing fully homomorphic encryption (FHE) for on-chain applications. This collaboration aims to enhance encrypted real-world assets, secure data transmission, and end-to-end automatic encryption, with an initial investment of $25,000. The collaboration aims to reinforce blockchain data security, particularly in sectors like encrypted real-world assets and secure data transmission. The partnership between Mind Network and Ant Digits, a subsidiary of Ant Group, was announced for advancing fully homomorphic encryption in blockchain applications. The initiative is intended to enhance data security through innovative encryption solutions. Mind Network, specializing in quantum-resistant solutions, joins hands with Ant Digits to push the boundaries of encryption technology. Their partnership will primarily focus on financial technology applications without immediate changes to key cryptocurrencies. The first investment amount is $25,000, indicating a technical exploration phase rather than a full-scale implementation. This amount is modest compared to larger industry investments but essential for early-stage technological innovation. This agreement might influence privacy protocols and has the potential to lead to advancements in compliance infrastructure and data security. Historical trends suggest gradual industry shifts following such partnerships, with enhanced privacy standards likely affecting future regulatory landscapes. The partnership has not triggered any direct market changes, demonstrating its current focus on research and pilot projects rather than immediate financial impact. J. Feagin, President, Ant International, “Democratizing AI for emerging markets and small businesses is our core mission… Ant International is working with partners and regulators to develop a future-ready Trusted AI architecture.”
J.P. Morgan Predicts Federal Reserve Interest Rate Cuts
Key Takeaways: J.P. Morgan predicts Fed rate cuts impacting crypto markets. Rate cuts anticipated in September and December. Crypto assets expected to see increased investment. J.P. Morgan Predicts Federal Reserve Interest Rate Cuts J.P. Morgan Global Research forecasts that the Federal Reserve will reduce interest rates by 25 basis points in September 2025, impacting major cryptocurrencies like BTC and ETH. Rate cuts could enhance risk appetite in cryptocurrencies, potentially boosting investment in Bitcoin, Ethereum, and DeFi blue chips. J.P. Morgan Global Research anticipates that the Federal Reserve will cut interest rates by 25 basis points in September 2025, followed by additional cuts. These forecasts stem from Michael Feroli , a trusted economist. (40 words max). This projection could shift market dynamics significantly, affecting crypto assets. The projections come with the expectation that the Federal Open Market Committee may act amid weak job growth. If interest rates decline, institutional investors might increase allocations to risk assets like BTC and ETH faster. No significant funding announcements or asset reallocations reported yet. Rate cuts historically lead to liquidity moving toward risk and speculative assets, including cryptocurrencies. Such monetary actions can boost the appeal of alternatives to fiat currency amidst decreasing yields. Historical precedents suggest a rise in trade volume in such circumstances, mirroring patterns seen in 2019 and 2023. “If labor markets remain solid, we would expect that FOMC members would prefer to wait and see how tariffs pass through to inflation… However, the weakness in job growth is great enough that the FOMC can reasonably argue it needs to manage downside risks by cutting rates,” remarked Michael Feroli, Chief U.S. Economist, J.P. Morgan. By potentially cutting additional basis points, the Federal Reserve’s actions could strengthen speculative trading in crypto and DeFi sectors, where yield trades become emphasized amid the easing monetary landscape.
Trump’s Attempted Firing of Fed Governor Lisa Cook
Trump tried to remove Fed Governor Lisa Cook, accusing her of lying on mortgage applications, but Cook refused to step down, saying he has no legal authority. Experts warn this fight could threaten the Fed’s independence, shake investor trust, weaken the dollar, and even risk a recession. Trump’s history of clashes with the Fed and new political pressure has raised fresh concerns about interference in US monetary policy. On August 25, 2025, President Donald Trump fired Lisa Cook, a Federal Reserve Governor and the first Black woman on the board, saying she lied on mortgage applications. 🚨 President Donald J. Trump relieves Federal Reserve Governor Lisa Cook of her position pic.twitter.com/tJV8m4mlHW — Rapid Response 47 (@RapidResponse47) August 26, 2025 Cook fired back, saying she’s not leaving because Trump doesn’t have the legal power to kick her out. This has people worried about the Federal Reserve staying independent and what it means for the US dollar’s strength. A Threat to Fed Independence Trump posted a letter on Truth Social, saying Cook’s alleged false statements on mortgage agreements justified her immediate removal. Cook, appointed by Joe Biden in 2022 with a term until 2038, responded that Trump’s “for cause” firing lacks legal ground and vowed to stay put. Alex Obchakevich said the Fed’s independence is important for a stable economy, as it keeps monetary policy separate from politics. He warned that Trump’s action, likely driven by political motives, could shake markets, weaken the dollar, and even risk a recession. Trump has clashed with the Fed before, criticizing Chair Jerome Powell for not cutting interest rates fast enough and threatening to fire him. In April, Trump called for Powell’s ouster, but Senator Elizabeth Warren warned that such moves could hurt trust in US markets. Obchakevich noted Bitcoin might challenge the dollar’s role long term but isn’t a quick fix. The firing, following unproven claims by Trump appointee William Pulte about Cook’s mortgages, has raised fears of political interference in the Fed, which could unsettle investors and markets.
Sharps Technology bets $400 million on Solana, shares surge 50%
Sharps Technology Announces Cryptocurrency Treasury with Solana US$400 million investment boosts STSS shares Solana Network Grows with High Liquidity and New Developers Sharps Technology Inc. (STSS) saw its shares soar more than 50% on Monday after communicate which will raise over $400 million in a private placement. The goal is to create a corporate treasury anchored in Solana (SOL), strengthening the company's presence in the cryptocurrency sector. The offering was structured at $6,50 per unit, accompanied by warrants with a three-year exercise price of $9,75. The offering is expected to close on August 28, 2025, with participation from institutional investors such as ParaFi, Pantera, FalconX, and Republic Digital. Recently appointed Chief Investment Officer Alice Zhang highlighted Solana's combination of speed and low transaction costs, characteristics that make it attractive for global adoption. Executive Chairman Paul K. Danner stated that partnerships with major asset managers and the consulting team's expertise position Sharps to become a benchmark in Solana-based treasury. The company will also include James Zhang, co-founder of Jambo and an influential figure within the Solana ecosystem, who will serve as a strategic advisor. He believes blockchain represents "the next evolution in global finance," highlighting the network's leading role in staking, trading volume, and on-chain revenue. The funds raised will be used to acquire SOL, expand treasury-related financial operations, and support other corporate needs. The company also signed a letter of intent with the Solana Foundation to purchase $50 million in tokens at a discount, contingent upon the agreement. The Solana network's growth continues to be impressive: in 2024, more than 7.500 new developers were registered. In the first half of 2025, blockchain-based applications generated approximately $1,3 billion in revenue, while daily transaction volume reached $6 billion, solidifying SOL as one of the most liquid cryptocurrencies in the world.
$JAWN Holds Above 1.50M Entry as Price Climbs 255% With Strong Volume
JAWN stays stable above the 1.50M entry point indicating excellent investor conviction and balance in up-movement. The stability of purchases and increasing lows on the 4-hour chart supports the idea of the token being stable and capable of steady price increases. Constant communication and regular publication are key to the maintenance of market presence and investor confidence. JAWN continues to maintain its upward trajectory, currently trading at $0.191. The token has recorded a notable 255.42% increase from earlier levels. Market activity shows price holding above the 1.50M entry, indicating stability amidst ongoing trading. Volume metrics reveal consistent participation, with recent 4-hour chart data showing activity above 1.6M. Notably, no significant sell-offs have occurred, suggesting investor interest remains firm. As the market progresses, the price continues its gradual ascent, demonstrating controlled upward momentum. $JAWN Shows Stable Climb on Strong Volume The latest 4-hour chart illustrates $JAWN’s price action steadily climbing after minor retracements. Volume bars reflect consistent buying interest, peaking near 1.8M during notable upward movements. Despite small fluctuations, price remains above the established entry point of 1.50M. No $JAWN jeets in sight 👀 Price action still holding above my entry and slowly climbing. The team keeps delivering, pushing out fresh JAWN content and spreading good vibes across socials. This is how memes go viral community, consistency and culture. 🚀 @LongJawnSolana CA:… pic.twitter.com/Yofasv8N89 — Hardy (@Degen_Hardy) August 24, 2025 This pattern indicates resilience and controlled market dynamics. Furthermore, the absence of rapid declines supports the conclusion that market participants maintain positions rather than liquidating. As a result, the token demonstrates stability, allowing traders to track movements effectively. Community Engagement Supports $JAWN’s Growth The $J AWN team has actively engaged its community through continuous content delivery. Social media updates reflect ongoing efforts to share relevant materials, enhancing visibility and interaction. Consistent content output has likely contributed to price support and investor attention. Moreover, community participation fosters organic engagement, strengthening the market presence of the token. These coordinated efforts underline the connection between content circulation and market behavior. Consequently, consistent engagement appears integral to sustaining the token’s upward trajectory. JAWN Maintains Support With Gradual Uptrend Technically, $JAWN exhibits steady recovery following minor dips, maintaining a position above key support levels. Directional movement has been modest, and each consolidation period was coupled with essential positive corrections . In the 4-hour time frame, traders observe the creation of higher lows, indicating a more consistent price and the possibility of further upward movements. Additionally, consistent volume during price increases reinforces confidence in market participation. Analysts can track these movements to assess momentum patterns, identifying periods of stability and gradual gains effectively.
New Solana treasury eyes raising over $400 million with help from ParaFi and Pantera
Small-cap medical device firm Sharps Technology Inc. (ticker STSS), said on Monday its aiming to raise over $400 million to stockpile Solana. Its private placement is expected to close on Aug. 28. The company aims to become the "largest Solana digital asset treasury," according to a statement . "The offering consists of an over $400 million private investment in public equity transaction (PIPE) for the purchase and sale of common stock," the company said. Sharps Technology listed several participating investors including ParaFi Capital and Pantera Capital. Sharp Technology's pivot to become a digital asset treasury (DAT) focused on Solana's native token puts it alongside firms like Upexi and DeFi Development Corp , which hold $370 million and $199 million worth for SOL, respectively, as of Monday, according to The Block Data Dashboard . The company also joins the ranks of several other small-cap Nasdaq stocks shifting to a DAT strategy. The company's shares rose nearly 70% on Monday, according to Yahoo Finance . Solana ecosystem "Global adoption of Solana's ecosystem is accelerating as it continues to receive institutional support for its vision of a single global market for every tradeable asset, making now the right time to establish a digital asset treasury strategy with SOL," Sharp Technology's newly-appointed Chief Investment Officer Alice Zhang said. "We will have a team with deep ties to the Solana ecosystem and proven founder-level experience in scaling institutional digital asset platforms, which we believe will set the Company up for success." Zhang previously co-founded Avalon Capital, which specializes in digital assets and technology. She is also the co-founder of Jambo, "the first web3 phone with a built-in decentralized app store," according to a statement.
US Stock Market Sees Massive Increase, Hits New Record
Key Points: Record $57.3 trillion S&P 500 market cap in August 2025. No official confirmation of $1 trillion daily gain. Potential effects on US equities and cryptocurrencies. US Stock Market Sees Massive Increase, Hits New Record Reports suggest a massive $1 trillion influx added to the US stock market today, though official confirmation is lacking, as experts point to broader rally trends since 2025. This claim highlights market exuberance but lacks corroborating data, pointing instead to ongoing economic improvements influencing broader market valuations. Over $1 trillion was reportedly added to the US stock market , though no official confirmation exists. The S&P 500 market cap reached a record $57.3 trillion on August 12, 2025, marking a significant increase since the year’s start. Major financial leaders and key players, such as the US Federal Reserve and institutional investors, were typically involved in such movements. However, no executive statements specifically confirmed a $1 trillion gain today. The immediate effects on the stock market remain unclear, but the S&P 500’s growth could influence broader economic indicators. Crypto markets showed no corresponding surge in major assets like BTC and ETH today. The implications include potential shifts in trading strategies and cautious market outlooks. Official reports highlight US GDP growth and institutional investment but lack evidence of today’s alleged market rise. Speculation centers on the influence of past policy shifts and trade negotiations, though confirmation remains elusive. The possibility of continued market stabilization is observed amid existing economic reports. Insights suggest potential financial volatility without official regulatory confirmation. Analysts emphasize the need for further data to support claims of a dramatic market surge and its impact on financial and crypto sectors. Jay Barry, Head of Global Rates Strategy, J.P. Morgan, remarked, “We maintain our forecast that 2- and 10-year [Treasury] yields will end the year at 3.50% and 4.35%, respectively… we do not anticipate another explosive move in markets now, like the move we observed earlier this year.” – J.P. Morgan .
'Writing code without ill intent is not a crime,' says US DOJ official following Tornado Cash verdict
"Writing code" is not a crime, said one of the U.S. Justice Department's top leads in its criminal division, marking a significant departure in how prosecutors plan to view software developers in the digital asset industry. Matthew J Galeotti, acting assistant attorney general of the department's Criminal Division, spoke at an event on Thursday hosted by the American Innovation Project — a new group created earlier this week. "Our view is that merely writing code without ill intent is not a crime," Galeotti said. "The criminal division will, however, continue to prosecute those who knowingly commit crimes or who aid and abet the commission of crimes, including fraud, money laundering, and sanctions evasion," he added. Galeotti's speech comes a few weeks after a jury in New York found Tornado Cash creator Roman Storm guilty of conspiracy to operate an unlicensed money transmitting business, which was met with disappointment from many in the industry. The DOJ alleged in 2023 that Storm violated a federal statute titled 18 U.S.C. 1960 in operating an unlicensed money transmitting business. Galeotti addressed that statute on Thursday. "Where the evidence shows that software is truly decentralized and solely automates peer-to-peer transactions, and where a third party does not have custody and control over user assets — new 1960(b)(1)(c) charges against a third party will not be approved," he said. If there is criminal intent, there could be other charges, he added. Based on Galeotti's remarks, Storm's case should be dropped, said Jake Chervinsky, chief legal officer at Variant Fund. "Roman Storm was just convicted on this exact charge under this exact circumstance," Chervinsky said on Thursday in a post on X. "Justice for Roman means dropping the case." The memo The DOJ has shifted its stance on crypto over the last few months under a new presidential administration. Under the Biden administration, prosecutors took a more vigorous strategy toward digital assets. Under the Trump administration, the department released a memo that declared that the agency would not go after litigation or charges that would superimpose "regulatory frameworks on digital assets while President Trump's actual regulators do this work outside the punitive criminal justice framework." Galeotti echoed the memo's sentiment on Thursday. "The Deputy Attorney General's memorandum recommits the department to these bedrock principles, the department will not use federal criminal statutes to fashion a new regulatory regime over the digital asset industry," he said.
China quietly prepares yuan stablecoins as 99% of supply minted in dollars
China is evaluating yuan-backed stablecoins for the first time, with the State Council set to review a roadmap on currency internationalization and stablecoin usage later this month, per Reuters. The plan would assign regulatory responsibilities, outline risk controls, and task the People’s Bank of China with implementation, and pilot activity is expected in Hong Kong and Shanghai, as Reuters reported. The move would depart from China’s 2021 prohibition on crypto trading and mining. It fits a broader objective to expand the yuan’s role in cross-border payments as dollar stablecoins dominate crypto settlement rails. Dollar-pegged tokens account for more than 99% of global stablecoin supply, according to Reuters. The roadmap is expected to be paired with messaging from senior leadership on boundaries for commercial use, with further discussion of yuan use in trade scheduled around the Shanghai Cooperation Organization summit in Tianjin on Aug. 31 to Sept. 1, per China’s official schedule. Policymakers face a practical constraint: China’s capital controls, which shape how any yuan-referenced token could circulate offshore rather than onshore. The yuan’s global payment share was 2.88% in June, down from highs seen in late 2023, according to SWIFT’s July RMB Tracker. A stablecoin that preserves convertibility and compliance could support invoicing and settlement in regional trade corridors, while design choices around custody, redemption, and reserve composition would drive market uptake and regulatory comfort. Hong Kong is positioned as a primary venue for structured experimentation. The city’s licensing regime for fiat-referenced stablecoin issuers takes effect Aug. 1, with final guidelines on supervision, AML, and application procedures published by the Hong Kong Monetary Authority (HKMA). Corporate interest has emerged, including a plan by Ant International to apply for a Hong Kong issuer license once applications open, per Reuters. These steps create a path for yuan-pegged instruments in an offshore setting that interfaces with mainland payment infrastructure only through controlled channels. Market sizing frames the opportunity and the limits. The stablecoin market stood near the mid-$200 billion range in recent months, with growth tied to trading, collateral, and settlement use. Forecasts vary. A widely cited $2 trillion projection by 2028 has met pushback, with J.P. Morgan cutting its estimate to $500 billion and noting that payments account for a small share of demand. For a yuan-referenced token to scale, issuance architecture would need to address transparency, redemption at par, reserve quality, and interaction with existing e-CNY pilots, while remaining consistent with China’s balance-of-payments management. Operational design matters more than labels. An offshore yuan stablecoin could be structured with ring-fenced reserves and clear redemption rules, then used for cross-border trade settlement, treasury, and market-making. Onshore convertibility would remain governed by quota systems and banking controls. Market participants will parse how responsibilities are divided among the PBOC, securities and banking regulators, and local authorities in Hong Kong and Shanghai.. The policy sequence is straightforward. Hong Kong’s ordinance comes into force, issuers prepare applications, mainland authorities set parameters for permitted uses and supervision, and cross-border pilots are coordinated around trade flows and financial centers. The State Council review later in August sets the next steps. The post China quietly prepares yuan stablecoins as 99% of supply minted in dollars appeared first on CryptoSlate.
JPMorgan Chase Failed To Prevent 85-Year-Old Woman Getting Fleeced by Son for $8,000,000, According to FINRA Complaint: Report
JPMorgan Chase & Co. is now reportedly facing an arbitration battle against an 85-year-old widow who alleges the financial giant failed to stop her son from fleecing her out of an $8 million fortune. Bloomberg reports that the widow, Susan Kraus, filed a claim against the financial firm last October with the Financial Industry Regulatory Authority (FINRA). Kraus’s son, Brett Graham, pleaded guilty earlier this year to defrauding his mother out of $8.4 million and is scheduled to be sentenced in September. Kraus made claims against JPMorgan and several other financial firms, hoping to recover those stolen funds, according to Bloomberg. FINRA reportedly ruled that her claims should be decided on in closed-door arbitration, but JPMorgan then sued Kraus to halt the proceedings, arguing she was never actually a client of J.P. Morgan Securities. The financial firm wanted her claims aired out in court or an arbitration panel separate from FINRA. This week, however, US District Judge Jesse Furman swatted down the financial giant’s suit, siding with Kraus. “Having made that choice (not to mention, having already submitted the question to the FINRA arbitrators and lost), JPMS may not now obtain relief from a court.” Kraus’s lawyer, Jenice Maleck, tells Bloomberg that JPMorgan failed to protect Kraus. “Money laundering and wire fraud happen at financial institutions and we have alleged these financial institutions either don’t have appropriate policies in place or didn’t follow them to protect a senior in need.” Generated Image: Midjourney
U.S. Treasury Seeks Feedback on Stablecoin Regulations
Key Points: Main event, leadership changes, market impact, financial shifts, or expert insights. GENIUS Act enforces 100% reserve backing. Treasury collecting feedback on risk innovations. U.S. Treasury Seeks Feedback on Stablecoin Regulations The GENIUS Act mandates stablecoin issuers maintain 100% reserve backing in U.S. dollars or approved low-risk assets. This legislation impacts major stablecoins like USDC and USDT by ensuring financial stability and increasing demand for U.S. treasury bills. Points Cover In This Article: Toggle Overview Regulatory Details Market Implications Broader Financial Impacts Future Considerations U.S. Treasury seeks public opinions on stablecoin regulations under the GENIUS Act to ensure compliance. Overview The U.S. Treasury Department has initiated a public consultation process on new stablecoin regulations under the GENIUS Act signed on July 18, 2025 . The law focuses on stablecoin issuance, reserves, and anti-money-laundering practices. This event marks a significant regulatory shift in stablecoin management, highlighting its financial impact nationwide. Immediate market reactions include adjustments by issuers for compliance clarity. Regulatory Details The GENIUS Act mandates a 100% reserve backing for stablecoins to secure assets with U.S. dollars and treasury bills. Issuers are to undergo independent audits and detailed monthly reports. President Donald J. Trump signed the act, aiming for a regulated and transparent stablecoin environment. “The GENIUS Act will generate increased demand for U.S. debt and cement the dollar’s status as the global reserve currency by requiring stablecoin issuers to back their assets with Treasuries and U.S. dollars.” — President Donald J. Trump Senators Bill Hagerty, Tim Scott, Kirsten Gillibrand, and Cynthia Lummis championed this move, reinforcing restrictions on issuance only by insured depository institutions or approved nonbanks. The U.S. Treasury Department is pivotal in enforcing these rules. Market Implications These regulations affect USD-backed stablecoins like USDT, USDC, and involve shifts in related markets such as ETH, BTC, and DeFi infrastructures. Rehypothecation of reserves is mostly prohibited, impacting operational freedom. Broader Financial Impacts The financial implications include stimulated demand for U.S. debt, aligning with broader monetary stability objectives. Political interest circles around maintaining the U.S. dollar’s global currency status amid regulatory compliance. Future Considerations Potential developments include increased demands for liquidity management innovations. Precedent trends suggest tighter regulatory frameworks for nationwide benefits, assuring investors with reliable oversight practices. Insights indicate that rapid adaptation to these regulations could bolster stablecoin market reliability.
U.S. Establishes Strategic Bitcoin Reserve, Halting Sales
Key Takeaways: U.S. creates Bitcoin reserve, halting BTC sales. Affects market dynamics and trading activities. Regulatory implications for cryptocurrency holding. U.S. Establishes Strategic Bitcoin Reserve, Halting Sales Reports falsely attribute a $15-20 billion Bitcoin reserve to Benesse Corporation, claiming a halt on sales, while no verifiable evidence supports these assertions as of now. Incorrect claims could mislead investors and skew market perceptions, highlighting the need for verified information in cryptocurrency discussions. Lede The United States government has officially formed a strategic Bitcoin reserve, involving substantial policy shifts on digital assets. This action underscores a new economic strategy concerning federal holdings of Bitcoin. The reserve is slated to retain seized BTC. Nutgraph President Donald J. Trump directly signed an Executive Order to initiate this reserve. The objective is to maintain Bitcoin as a strategic asset within federal custody, prohibiting the sale of these holdings. This marks a notable government intervention. Bitcoin Sales Policy Impact The decision to halt BTC sales impacts federal asset management, setting a precedent. This move might influence stakeholders in the cryptocurrency industry and international economic policies. Analysts observe inevitable fluctuations in Bitcoin’s speculative dynamics. Broader Acceptance of Digital Currencies The policy indicates a broader acceptance of digital currencies within centralized reserves. This shift may lead to new investment strategies and affect global perceptions of digital asset stability. The effects on financial markets require close monitoring. Expert Insights Market analysts express cautious optimism about the potential impact on Bitcoin’s value. The strategic retention of BTC by a major economy introduces a layer of geopolitical interest. How this influences the cryptocurrency landscape remains under scrutiny. **Donald J. Trump, President, United States**, – “Today, President Donald J. Trump signed an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile…” — The White House, March 2025 . Future Regulatory and Economic Implications Regulatory and economic experts anticipate possible changes in digital asset governance. Historical trends of asset centralization inform this strategy, potentially evolving towards broader adoption. The long-term impacts on Bitcoin’s integration into global reserves remain debated.
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