MetaMask, the widely used self-custodial wallet, has revealed plans to launch its own stablecoin, MetaMask USD (mUSD), later this year.

According to an Aug. 21 statement, mUSD will initially debut on Ethereum and Linea L2, where it will become a key component of Linea’s growing DeFi ecosystem.

The project will be developed in collaboration with Bridge, a Stripe-owned stablecoin issuer, and M0, a decentralized platform providing on-chain liquidity infrastructure.

MetaMask’s mUSD

According to MetaMask, the stablecoin would be fully backed 1:1 with high-quality, highly liquid dollar equivalent assets.

The asset would also be integrated into major protocols, including lending platforms, decentralized exchanges, and custodial services. MetaMask expects these integrations to generate deeper liquidity and increase its ecosystem’s total value locked (TVL).

The wallet service provider emphasized that its users can leverage mUSD for seamless swaps, transfers, and bridging within the wallet, while the MetaMask card will enable real-life spending by the end of 2025.

Gal Eldar, MetaMask’s Product Lead, described the launch as a step toward reducing barriers for people entering the Web3 ecosystem. According to him, mUSD will let users bring their funds on-chain, make them productive, and use them wherever they want, thereby creating value in wallets and beyond.

Stablecoin ecosystem growth

The mUSD rollout coincides with a shifting regulatory environment in the US regarding the $285 billion sector currently dominated by Tether’s USDT.

Crypto advisory firm Castle Labs pointed out that the recent approval of the GENIUS Stablecoin Act has signaled a more supportive framework for digital dollar alternatives. According to the firm, this legislation could accelerate the launch of new stablecoins and encourage existing projects to expand their on-chain presence.

However, despite the growing adoption of the nascent industry, stablecoins remain heavily concentrated on centralized exchanges.

Considering this, Castle Labs noted that the long-term success of any stablecoin project would depend on its liquidity, real-world usability, and integration across wallets and DeFi platforms.

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Sujha Sundararajan

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Sujha Sundararajan

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Sujha has been recognised as Women In Crypto 2024 by BeInCrypto for her leadership in crypto journalism.

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August 21, 2025

Hong Kong-based construction giant Ming Shing Group has announced a pact to purchase 4,250 Bitcoin, valued at $483 million.

The Nasdaq-listed firm that engages in wet trades has entered a Bitcoin purchase agreement with British Virgin Islands-registered Winning Mission Group. The company will sell 4,250 BTC to Ming Shing at an average price of $113,638 per Bitcoin.

According to Bitcoin Treasuries data, Ming Shing Group has been holding Bitcoin since January 13, 2025. The firm currently holds 833 Bitcoin, valued at $94.93 million.

With the announcement, Ming Shing has joined a flurry of public companies that have incorporated Bitcoin into their treasury strategy, led by Michael Saylor’s Strategy. Recently, KindlyMD made a dramatic entrance into the Bitcoin treasury race, acquiring 5,743.91 BTC through its wholly owned subsidiary.

Ming Shing to Issue Convertible Promissory Notes, Stock Warrants

The Bitcoin purchase deal is expected to close by end of this year. Per the announcement on Wednesday, the Hong Kong firm will issue convertible promissory notes and share warrants, in pursuant to the agreement.

“Pursuant to the Note, the maturity date is 120 months from the original issuance date of the Note,” the release read.

Further, a third-party firm, Rich Plenty Investment Limited, will receive half the value of the deal, which is 2,125 Bitcoin. The original seller and the third-party will each get a convertible note worth over $241 million and a warrant to buy Ming Shing’s shares of 201 million.

According to Wenjin Li, CEO of Ming Shing, the Bitcoin investment could capture the potential appreciation of the asset. It would also increase the Company’s assets, given that the market is highly liquid.

“We are devoted to creating additional value for our shareholders and actively exploring options for the Company to grow further,” Li added.

MSW Stock Jumps Nearly 30%

Following the BTC purchase announcement, Ming Shing’s stock (MSW) surged 29% on Wednesday. The stock closed the day 11.5% higher to trade at $1.65, per Yahoo Finance data.

However, the stock has been on a general downtrend, with a Strong Sell technical sentiment signal.

Crypto firm has entered into a credit agreement with crypto exchange Gemini ahead of the latter’s initial public offering (IPO). The crypto exchange revealed the details of this agreement in its IPO filing, with the amount expected to be used to finance some costs that may arise during the public offering.  

Details Of Ripple’s Agreement With Gemini

In its IPO filing with the SEC, Gemini revealed that it entered into a credit agreement with Ripple in July. Under the agreement, the crypto exchange can make lending requests of no less than $5 million each, and up to an aggregate commitment amount of $75 million. Furthermore, the initial commitment of $75 million can be increased or decreased from time to time, subject to the attainment of certain metrics that both parties have agreed on. 

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However, the aggregate commitment of the credit agreement between Gemini and Ripple cannot exceed $150 million, meaning that is the maximum credit that the crypto exchange can request from the crypto firm. Once Gemini exceeds the initial commitment of $75 million, then it will need to make lending requests in the form of Ripple’s RLUSD stablecoin, which the crypto firm has to consent to. 

Gemini revealed that all its lending requests under the Ripple credit agreement must be secured by collateral. It shall also bear an interest rate per annum of 6.50% or 8.50% and must be repaid in USD. Although some details were redacted, the crypto exchange indicated that it has also received some amount from Ripple under the agreement. 

With this, Ripple has become a major backer for Gemini’s IPO, which is expected to take place soon. Notably, the crypto exchange’s financials in the IPO show that it posted net losses over the quarters that span back to March 2023. In just the first half of this year alone, Gemini has recorded a net loss of $282 million. 

Details Of The Gemini IPO

With Ripple’s backing, Gemini plans to offer shares of its Class A common stock, although it has yet to reveal how many shares will be available in the IPO. The crypto exchange has yet to provide details on how much these IPO shares are likely to sell for each. However, it revealed that it has applied to list these Class A common stock on the Nasdaq stock market under the symbol “GEMI.”

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Furthermore, the lead underwriters for the Gemini IPO are Goldman Sachs and Citigroup, with support from other firms such as Morgan Stanley and Cantor. Gemini’s IPO plans follow the successful execution of crypto exchange Bullish’s IPO, in which the exchange raised $1.15 billion after selling its shares for $37 each. Gemini will be looking to record similar success, considering the massive crypto demand among traditional finance (TradFi) investors.

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Solana core developers have pushed a sweeping consensus overhaul, “Alpenglow” (SIMD-0326), into the ecosystem’s formal governance track, setting up a validator vote that, if approved, would replace TowerBFT and re-architect finality and validator incentives on mainnet-beta. The proposal’s authors—Quentin Kniep, Kobi Sliwinski, and Roger Wattenhofer—describe Alpenglow as “a major overhaul of Solana’s core consensus protocol,” designed to supplant “the existing Proof-of-History and TowerBFT mechanisms” with a design that targets block finalization “as low as 100–150 milliseconds.”

Voting Process For Solana ‘Alpenglow’ Starts

The governance post lays out a three-phase timeline: discussion through epochs 833–838, stake-weight capture in epoch 839, and a binding vote across epochs 840–842 using claimable vote tokens sent to “Yes,” “No,” or “Abstain” accounts. Passage hinges on a supermajority threshold: Yes must be at least two-thirds of Yes+No, with a 33% quorum that counts abstentions. As of today, Solana is in epoch 834, making the discussion window active and the vote window scheduled several epochs out.

At the heart of Alpenglow is Votor, a direct-vote, leader-pipelined finality protocol that shifts Solana away from on-chain vote transactions and heavy gossip toward off-chain vote exchange with local signature aggregation. Validators vote to notarize or skip blocks; leaders aggregate those votes eight slots later and submit compact proofs. The authors argue this design cuts latency dramatically and reduces bandwidth, while a “20+20” liveliness model aims to tolerate up to 20% adversarial and 20% unresponsive validators without halting progress. “Alpenglow… enables much lower latency, improved fault tolerance, and generally greater protocol efficiency,” the post asserts.

The upgrade also rewires validator economics. Because voting moves off-chain, the SIMD introduces a Validator Admission Ticket (VAT), a fixed per-epoch fee “initially set to 1.6 SOL per epoch,” burned to maintain an economic barrier roughly comparable to today’s on-chain vote-fee regime. Validators are “required to cast exactly one valid vote per slot”; conflicting votes are detectable, and persistent non-participation renders a validator ineligible for rewards and at risk of removal from the active set.

Leaders receive compensation equal to the per-slot vote rewards of the votes they aggregate, plus a flat bonus when they include fast-finalization/finalization certificates. In a follow-up thread post, Wattenhofer explains the 1.6 SOL figure as approximately 80% of current vote costs to ensure no operator is worse off at the “AlpenSwitch.”

If adopted, Alpenglow would make a visible semantic change at the client layer: the authors note that optimistic confirmation would be superseded by actual finality at sub-second timescales. The stated aim is to bring confirmation latencies in line with Web2 user expectations while tightening safety guarantees that were harder to formalize under TowerBFT. The proposal’s documentation points readers to a 50+ page white paper and independent analyses, but emphasizes that the initial rollout focuses on finalization and voting; a new data dissemination protocol, Rotor, would follow in a separate SIMD.

Governance mechanics for the vote mirror Solana’s prior advisory processes but with higher stakes. Vote tokens will be claimable via an adapted Merkle distributor; validators then send those tokens to the designated choice accounts during the epoch-bounded window. The foundation’s governance post states, “If the sum of Yes votes is equal to or greater than 2/3 of the total sum of Yes + No votes, the proposal will pass,” and “Abstain” contributes to quorum but not to the supermajority tally. Stake weights and a public tally script will be published for independent verification.

Community feedback has quickly homed in on operational risk and rollout discipline. One validator-oriented response urges the SIMD authors to embed “a testing, deployment and fallback plan” before a mainnet decision, likening the scope of change to other industry-scale protocol transitions. Others probe specifics around the VAT level, transaction expiry in a post-PoH world, leader equivocation handling, and effects on MEV auctions and client UX when slices of a block are ignored under certain failure modes. These threads underscore that while the performance headline—150 ms finality—is eye-catching, the vote will likely hinge on the comfort level with safety proofs, incentive edge-cases, and the migration path.

At press time, SOL traded at $181.89.

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Ethereum’s growing appeal among institutional players has taken another leap forward as Fundamental Global Inc. (FGF), a Nasdaq-listed company specializing in reinsurance, merchant banking, and asset management, revealed an ambitious $5 billion cryptocurrency strategy in a recent SEC filing. The plan marks a major pivot toward Ethereum investments, signaling increased confidence in the asset’s long-term potential.

The announcement immediately impacted market sentiment. While FGF shares closed the regular session on August 7 at $36.17, down 1.44% for the day, they surged 3.76% after-hours to $37.53 following the news. Investors reacted to the aggressive treasury allocation plan, which positions the company alongside other forward-looking firms adopting Ethereum as part of their corporate reserves.

FGF’s move mirrors the Ethereum Treasury strategy trend recently embraced by Sharplink Gaming, underscoring a growing corporate shift toward integrating ETH into long-term capital strategies. This wave of institutional adoption not only strengthens Ethereum’s position in the crypto market but also reinforces its narrative as a store of value and strategic asset in the evolving financial landscape.

FGF’s $5B Bet On Ethereum Marks Bold Institutional Shift

Fundamental Global has made a landmark move into the cryptocurrency sector, filing an S-3 form with the US Securities and Exchange Commission (SEC) to offer up to $5 billion in securities. According to the filing, the majority of proceeds will be directed toward acquiring Ethereum, while the remainder will cover corporate and operational needs. This represents a major strategic shift for a publicly traded company historically outside the crypto space.

In the filing, FGF outlined its new approach: “We recently initiated an Ethereum (ETH) treasury strategy. ETH is the native token of the Ethereum network. Ethereum is the foundation of digital finance and the settlement layer for the majority of stablecoins, Decentralized Finance (DeFi), and tokenized assets.”

FGF further emphasized its intention to accumulate ETH as a long-term treasury asset, with the goal of growing its overall position and increasing ETH per common share through professional treasury management. The strategy will leverage capital raising activities alongside advanced blockchain-based tools such as staking, restaking, liquid staking, and other DeFi protocols to maximize returns and asset growth.

By positioning ETH as its primary treasury reserve asset, FGF joins a growing list of companies—like Sharplink Gaming—that are embedding Ethereum into their corporate balance sheets. This approach not only diversifies reserves but also aligns the company with one of the fastest-growing sectors in digital finance.

FGF’s commitment reflects a broader institutional recognition of Ethereum’s role as a core blockchain infrastructure asset. As more firms adopt similar treasury strategies, the demand for ETH could see sustained upward pressure, reinforcing its position as a strategic, yield-generating, and value-accreting asset in the corporate treasury landscape.

Price Action Details: Key Levels To Watch

Ethereum (ETH) is showing renewed bullish momentum, as seen in the 4-hour chart, after reclaiming the critical $3,860 resistance level. The breakout came with strong buying volume, pushing prices toward the $3,900 zone. This move follows a sharp recovery from the $3,350 local low earlier in the week, with ETH now trading above its 50-day (blue), 100-day (green), and 200-day (red) moving averages — a structurally bullish setup.

However, the $3,900–$3,920 range is emerging as short-term resistance, where sellers have started taking profits. A decisive close above this level could open the door for a retest of the psychological $4,000 mark, last seen in mid-July. On the downside, immediate support lies at $3,860 — the previous resistance now flipped into a potential demand zone. If this level fails, ETH could revisit the $3,700 region, aligning with the 100-day MA for additional technical confluence.

Volume patterns indicate that buyers remain in control, but the market may need consolidation before another leg up. As long as ETH holds above $3,860, the broader trend favors continuation to the upside, especially with institutional interest — such as Fundamental Global’s $5B Ethereum treasury plan — reinforcing the bullish narrative. A break below $3,860 would weaken this outlook in the short term.

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The Bitcoin market has shown signs of an increase in sales pressure, and recent price actions suggest a deeper distribution stage under the surface.

The Wyckoff pattern reveals an imminent failure

In a post on social media platform X on August 2, Crypto analyst Joao Wedson explained how Bitcoin prices risk recession over the coming months. Analysts build on their conclusions based on the Wyckoff Distribution model, a technical analytics framework that explains how smart money sells assets at the top of the market cycle.

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Wedson highlighted in the article that the 13-stage schematics are unfolded in real time. This shows that even if retailers maintain their hopes, institutional investors (known as “smart money”) are preparing to leave the market.

Analysts began breaking down at a reserve supply (PSY) phase where there were subtle signs of facility sales and a purchase climax where prices peaked due to exhausting demand. This phase is then followed by an automatic response (AR), which defines the bottom of the distribution range with a sharp drop in the price of Bitcoin.

The fourth and fifth phases are quadratic tests (ST), where the price retests highs in the distribution range, but weak momentum and volume. Once the pattern matures, the price enters phase B with lateral movements, causing disruption to retail participants as the facility quietly offloads the coin.

The most unanswered signs are shown in phases C and D. Here we first show signs of weakness (SOW). This is a major signal of decline in demand. Then there is the final point of supply (LPSY). This usually creates a suitable set up for shorts.

Finally, still within phases C and D, ice breaks lead to deeper drops, followed by a second LPSY trap, sealing the distribution.

Is Altcoin Rally ongoing?

Going further, Wesson noted that market makers were spinning into altcoins. According to analysts, Altcoins have already ended its accumulation zone and are positioned for structural markup, reflecting growing interest in the Altcoin market.

By contrast, Bitcoin has entered the weekly distribution phase. This can be reflected in the short term as weak or modest performance. Wedson added that by the end of 2025, there will be a full spin from BTC to Altcoins, and finally added to Fiat.

At the time of writing, Bitcoin is rated at around $113,439, not reflecting any significant movements over the past 24 hours.

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Crypto analyst Tradingshot revealed that Dogecoin Price It could enter a bullish pattern, which could lead to parabolic gatherings at $1.5. Interestingly, the analysts also raised the possibility of the first meme coin reaching the second digit.

Dogecoin Price Eyes $1.5, Bullish Livermore Cylinder Pattern

in TradingView PostTradingshot revealed that Dogecoin prices are within Livermore’s cylinders. Analysts noted that Doge is trading internally A strong megaphone Most bull cycles since October 9, 2023 are low.

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In line with this, Tradingshot declared that this was technically one large scale so far Accumulation stage Along with the rest of the Altcoin market. This is where Livermore’s storage cylinders come in. This is to draw comparisons with the megaphone pattern. Based on this Livermore model, analysts said the price of dogcoin is launching an aggressive breakout phase above the cylinder.

Once technically accumulation is over, Tradingshot predicts that Dogecoin prices could be pursued at levels 8 and 9, with price targets of $1.50 and $12 respectively. These price levels are marked new Ath For Doge, the current ATH is around $0.73. The chart accompanying analysts showed that memecoin could reach this $1.5 target between the present and the end of the year.

Meanwhile, Dogecoin prices could reach $12 by July next year. In line with this, Tradingshot admitted that the $12 goal is not expected to happen with this Current Bull Cyclehe predicts it will end in the next six months or later. However, he added that the $1.50 goal is well-ranged for this cycle, precisely doubleping the price of the previous cycle. Therefore, analysts declared that this target was a “very attractive top candidate.”

Bullish Surrounding Candles that are about to form for Doge

in xPostCrypto analyst trader Tardigrade said Doge’s monthly candles were closed in just one week. Bully wrapped candle It may be established. In line with this, he declared that a big moment was coming for Dogecoin prices. His accompanying charts showed that meme coins can reach $7.5 on this run.

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in Another analysishe declares that a rally up to $1 is coming towards the price of dog coins, reflecting the predictions of trading shots. His accompanying charts showed that the first meme coin can be reached This psychological level From now onwards September.

At the time of writing, Dogecoin’s price is trading at around $0.22, an increase of over 1% over the past 24 hours. data From CoinMarketCap.

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Bitcoin has reached a new all-time high of $123,165, surging more than 5% in 24 hours and pushing its market capitalization to $2.39 trillion.

According to CryptoSlate data, the milestone occurred in the early hours of July 14, marking the first time the flagship crypto has surpassed the $120,000 threshold.

This surge now places Bitcoin as the fifth-largest asset globally by market cap, above Amazon, according to data from Companies Market Cap.

Former Binance CEO Changpeng Zhao weighed in on the milestone, reflecting on how far Bitcoin has come. He noted that in 2017, a $1,000 all-time high felt monumental. Today’s figures, he suggested, may seem modest in hindsight a few years from now.

Meanwhile, technical analysts also view this Bitcoin breakout as significant momentum for the industry.

Coin Bureau co-founder Nic Puckrin noted that Bitcoin has broken above a seven-year trendline on its monthly chart for the first time. That level had previously acted as resistance in past bull markets, particularly since 2018.

What is driving Bitcoin’s price performance?

The price rally comes as the US prepares for what has been dubbed “Crypto Week,” beginning July 14.

Lawmakers are expected to hold key hearings and votes on several digital asset-related bills, including the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act.

Market observers view this wave of legislative activity as a possible turning point for regulatory clarity, which could unlock greater institutional participation.

Bitcoin has also seen strong inflows into U.S.-listed spot exchange-traded funds. According to SoSoValue, Bitcoin ETFs attracted over $2 billion last week alone. These figures underscore rising demand from institutional investors seeking direct exposure to Bitcoin.

Some firms, including Metaplanet, are following Strategy’s (formerly MicroStrategy) lead by adding Bitcoin to their Treasury reserves—a move that further solidifies the asset’s long-term appeal.

Over $700 million in liquidations

While bulls celebrate the breakout, short traders are feeling the heat.

According to CoinGlass, the market’s rapid movement triggered $730 million in liquidations across the crypto space.

Of that, nearly $444 million came from Bitcoin positions, with short trades accounting for $435 million of the losses. One trader lost close to $100 million on a single short bet.

Notably, on-chain data from Hyperliquid also shows that crypto trader Qwatio was fully liquidated from his short position of 1,743 BTC, equivalent to $211 million, within three hours of the market breakout.

Interestingly, when priced in euros, Bitcoin has still not surpassed its high posted in January.

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According to the latest Power of Three (PO3) H1 analysis by crypto market analyst Trader Tardigrade, Dogecoin (DOGE) has officially entered a distribution phase following a sharp breakdown below the critical $0.15 support. This move signals a shift in market dynamics, with Dogecoin’s next moves set to push its price toward new highs. 

PO3 Pattern Confirms Dogecoin’s Next Moves

Dogecoin’s chances of resuming its previous bullish run are rising fast, as a new chart analysis by Trader Tardigrade reveals that the top meme coin has just moved into the distribution phase of a key PO3 market structure. This development comes just after DOGE’s price broke down below the $0.15 mark earlier last month. However, the meme coin has since rebounded and is now hovering just slightly above that level at around $0.16. 

Trader Tardigrade’s chart analysis confirms that Dogecoin is about to complete all three critical PO3 stages—Accumulation, Manipulation, and Distribution—on the 1-hour timeframe. This progression now sets the stage for its next move, signaling the potential beginning of a fresh upward breakout. 

The PO3 sequence began with a tight consolidation zone marked by accumulation around June 25-26. This was followed by a sharp drop below the support level, marking the manipulation phase between June 27 and 28. This strategic shakeout, typically designed to trap late sellers and liquidate weak hands, pushed DOGE below the $0.15 threshold. However, instead of undergoing a continued downtrend, the meme coin’s price recovered slightly, reclaiming the lost range before initiating a strong rally on June 30. 

The green-shaded area on the chart highlights the distribution phase, where Dogecoin’s bullish momentum has returned aggressively. Notably, price broke above short-term resistance levels and climbed toward $0.175, confirming the final stage of the PO3 structure and also reflecting growing buying pressure. This development implies that the recent crash was likely not indicative of market failure, but a possible setup for Dogecoin’s next bullish phase.

Dogecoin MACD Bullish Cross Established

In other news, Trader Tardigrade announced on X that Dogecoin has finally established a bullish Moving Average Convergence Divergence (MACD) crossover on the daily chart, signaling the first technical reversal in weeks after a prolonged downtrend. The analysis indicates that the crossover is now active, marking a potential shift in momentum from bearish to bullish. 

This development follows weeks of sustained losses that began in early June, when a bearish MACD cross triggered a sharp breakdown from the $0.21 level. With the bearish cross potentially overturned, Dogecoin may be entering a renewed upward trend.

As a result, Trader Tardigrade’s chart shows that the next upside target may extend above $0.28 in the coming weeks if DOGE continues to hold above key support while maintaining strong momentum. 

Featured image from Getty Images, chart from Tradingview.com

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