$PUMP REBOUNDS, CRYPTO EDGES LOWER, CHINA TESTING STABLECOINS
August 6, 2025 · 3:28 PM
The cryptocurrency market is experiencing volatility amid a weaker macroeconomic outlook. Bitcoin (BTC) ETF outflows are ongoing, while Ethereum (ETH) has turned positive. Short-term BTC holders have sold $18 billion, with large investors (whales) buying in. The SEC has stated that liquid staking activities are not considered securities. China is testing Yuan stablecoins, and Brazil is contemplating holding Bitcoin as a reserve.
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