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Cointelegraphยท2025-08-20 03:30

Market Trends & Investment - SkyBridge Capital plans to tokenize $300 million in assets on Avalanche [1] - Bitmine bought another 52,475 ETH worth $220 million, bringing its total ETH holdings to 1,575,848 ETH ($6.6 billion) [1] - Bernstein predicts the crypto bull market could run through 2027, with Bitcoin reaching $150,000-$200,000 and altcoins like ETH and SOL driving the next phase [2] - Google increases stake in Bitcoin miner TeraWulf to 14%, becoming its largest shareholder [3] Regulatory Landscape & Policy - SEC Chair Atkins states the SEC is setting out to implement the President's Working Group on Digital Asset Markets' recommendations [1] - Wyoming becomes the first US state to launch a stablecoin, FRNT, backed by USD and Treasuries, though not yet available to the public [2] - South Korea's Financial Services Commission orders crypto exchanges to suspend new lending operations until proper guidelines are established [3] - Illinois governor signs two bills to protect crypto consumers [3] Stablecoin & IPO - Bullish received $1.15 billion in IPO proceeds settled in stablecoins, marking the first use of stablecoins in a U S initial public offering [1] Personnel Changes - Tether appoints Bo Hines, ex-White House Crypto Council exec, as Strategic Advisor for digital assets [2]