🚹 Crypto News – Aug 21, 2025

Asia’s wealthy investors are ramping up their exposure to crypto 📈. UBS reports Chinese family offices now plan to allocate around 5% of their portfolios into digital assets, backed by strong past performance and clearer regulations in the U.S. and Hong Kong.

Meanwhile, $BTC slipped to $113.9K (-0.2%), about 9% below its ATH, but altcoins are gaining: $ETH +2.7%, $SOL +3.5%, $XRP +1.2% đŸ”„. All eyes are on the Fed’s upcoming Jackson Hole speech, which could spark the next rally if rate cuts are signaled.

On the policy front, China is exploring

yuan-backed stablecoins 🌏💮, aiming to boost the yuan’s global reach and provide competition to the U.S. dollar. Initial rollout could target Hong Kong and Shanghai.

BTC
BTC
63,602.01
-2.11%
ETH
ETH
1,833.5
-1.71%
XRP
XRP
1.3346
-0.47%

#bitcoin #Ethereum #CryptoNews #solana #xrp