Crypto Weekly Roundup: BoFA Touts Stablecoins, Hulk Hogan and Ozzy Memecoins Hit The Market, & More
This week in crypto, there has been significant interest in stablecoins from institutional giants like the Bank of America and Western Union, while JP Morgan Chase started preparations to introduce crypto-backed loans. Let’s find out more.
Business
Bank of America (BofA) expects a significant rise in stablecoin supply and adoption as U.S. banks move toward issuance, driven by new regulatory clarity and growing demand for tokenized finance.
Global remittance powerhouse Western Union is exploring the rollout of stablecoin services within its digital wallet infrastructure, signaling growing legacy interest in crypto following the passage of the GENIUS Act.
JPMorgan Chase is preparing to introduce crypto-backed loans in 2025, allowing clients to use Bitcoin and Ethereum as collateral, a move that signals the bank’s cautious but strategic expansion into digital assets.
Square, a unit of Block Inc., has launched direct Bitcoin payment support for its merchant network, marking a major milestone in real-world crypto adoption.
Tesla’s Q2 profit surged to $1.2 billion, driven by a $284 million Bitcoin gain and growing AI ventures, offsetting weaker vehicle sales amid evolving digital asset accounting standards.
FTX will begin its next round of creditor repayments on September 30, following a court-approved reduction in its claims reserve, potentially unlocking $1.9 billion for distribution.
Web3
Memecoins linked to metal legend Ozzy Osbourne and wrestling icon Hulk Hogan soared following their deaths in a rally driven by nostalgia and speculative trading.
This guide covers six easy ways to mine Bitcoin and altcoins, focusing on platforms that offer automated cloud mining, low entry costs, and no hardware requirements.
Bitcoin.com Casino has now rolled out a 1 BTC weekly challenge, with the top performer so far hitting an all-time high of 10860 points.
Security
As Bitcoin rises in popularity and value, cybercriminals are finding new ways of stealing it, and one of the most common threats, phishing, tricks users into giving sensitive information such as wallet passwords, seed phrases, or private keys.
Regulation
Ghana will begin licensing crypto platforms by September 2025 as it shifts from caution to regulation to better manage economic data, financial stability, and surging digital asset use.
The SEC has halted its own decision to approve the conversion of Bitwise’s 10 Crypto Index Fund into a spot exchange-traded fund (ETF), injecting fresh uncertainty into the regulatory landscape for digital asset products.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
