💰 XRP Ledger Revolutionizes Brazil's Private Credit Markets

🌐 Brazil is experiencing a significant transformation in its private credit markets with the introduction of a blockchain-backed infrastructure powered by the XRP Ledger. On July 23, VERT, a securitization and fund management firm, launched a platform designed to streamline private credit workflows. This innovative system records essential transactions and events on-chain, aiming to enhance the speed, security, and transparency of Brazil's capital markets through tokenized digital records.

💵 The platform's inaugural issuance was a BRL 700 million (approximately $130 million) Agribusiness Receivables Certificate (CRA), crucial for funding Brazil's agriculture sector. This transaction not only tokenized cash flows related to agricultural production but also set a precedent for near real-time transparency and traceability. Gabriel Braga, VERT’s Director of Digital Assets, emphasized the importance of detailed event recording for ensuring traceability and transparency.

🔗 Additionally, the solution incorporates the XRPL EVM Sidechain, which provides Ethereum-compatible smart contract functionality for automation and detailed reporting. Silvio Pegado, Ripple’s Managing Director for LATAM, highlighted the broader economic implications, stating that this milestone showcases how blockchain technology can modernize financial markets essential for national growth.

📈 With over $500 million in upcoming operations, VERT aims to expand the platform across various asset classes while adhering to Brazil’s regulatory framework. Proponents believe that tokenized structured credit could play a pivotal role in modernizing capital markets and attracting foreign institutional participation.

🏦 Bitgo Expands into Brazil's Crypto Market

🌍 Bitgo, a U.S.-based cryptocurrency custody provider, has announced the opening of a local office in Brazil to target banks entering the cryptocurrency sector. The company aims to acquire customers from the banking industry and will offer insurance options for clients using their own solutions.

🗣 Luis Ayala, Bitgo’s director for Latam, emphasized the importance of local presence due to unclear cryptocurrency regulations in Brazil. He stated,

We wanted to be a more local player, accepting payments in reais and having invoices directly in the country.

🤝 Rather than competing with banks, Bitgo seeks to integrate into their business models by providing complementary solutions. Ayala explained,

Our process also includes insurance for banks’ local custody operations. We don’t want to compete with these banks’ custody market, but we want to be partners to help them do this clearly and securely.

🌐 Bitgo already operates in Brazil with over 25 customers and has custody services in various locations including South Dakota, New York, Germany, Denmark, Switzerland, Dubai, and Singapore. The company will also offer crypto-centric solutions for exchanges and other crypto-first companies, such as staking.

⚖️ Bitgo's local offerings provide an alternative to similar services from Fireblocks, an Israeli company also operating in Brazil, which is currently preparing for a public listing.

🇺🇸 Trump International Golf Links: A New Era for Golf and Digital Finance

🏌️‍♂️ U.S. President Donald Trump has officially inaugurated the Trump International Golf Links course in Aberdeen, Scotland. This course is set to host the inaugural Nexo Championship from August 7 to 10, 2025.

🤝 The event signifies a merger between digital finance and global golf. Nexo co-founders Antoni Trenchev and Kosta Kantchev were present, along with Scottish First Minister John Swinney. During a lunch with President Trump, they discussed the future of sports and the increasing role of digital finance in the economy.

🏆 The Nexo Championship is part of Nexo’s larger strategy to combine sports and technology. The company also collaborates with six prestigious events on the DP World Tour calendar. This new course and championship are anticipated to boost Scotland’s golf tourism, which generates over $400 million annually.

📅 vEarlier in April, Nexo announced its re-entry into the U.S. market at an exclusive business event featuring Donald Trump Jr.

🚨 JPMorgan's 'Operation Chokepoint 3.0': A Threat to Crypto and Fintech

💼 A general partner at Andreessen Horowitz, a leading venture capital firm, has raised concerns about JPMorgan's recent banking practices that may undermine the crypto and fintech sectors. Despite CEO Jamie Dimon's recent endorsement of stablecoins, Alex Rampell claims the bank is overcharging these firms for access to essential banking services.

💰 In a newsletter, Rampell stated,

The banks are aiming to implement their own Chokepoint 3.0, charging insanely high fees to access data or move money to crypto and fintech apps.

He further expressed concern about the bank potentially blocking access to crypto and fintech applications that they disapprove of.

📰 This situation echoes the previous Operation Choke Point 2.0, which was an alleged effort by the Biden administration to undermine the crypto industry through debanking. However, Rampell emphasizes that JPMorgan's actions are not government-driven but rather a direct initiative by the bank. He urged the Trump administration to intervene, stating,

We don’t need a new law. We just need the administration to prevent this callous and manipulative attempt to kill competition and consumer choice.

📊 Rampell pointed to a recent article highlighting JPMorgan's shift in handling data requests from tech companies as evidence of the bank's malicious intent. This change could significantly impact payment and crypto apps like Venmo and Coinbase, which rely on free data transfers from user bank accounts. He warned,

If it suddenly costs $10 to move $100 into a Coinbase or Robinhood account, maybe fewer people will do it.

📅 JPMorgan has already updated its fee schedules for data aggregators, with new fees set to take effect later this year. While Dimon argues that

third parties should compensate banks for access to their systems

, Rampell believes the bank's true aim is to suppress competition. He cautioned,

Make no mistake: this isn’t about a new revenue stream. It’s about strangling competition. And if they get away with this, every bank will follow.

🟠 Bitcoin Price Prediction As September Rate Cut Odds Soar to 87% – Analysts Eye $124K Next? 🚀

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🟢 Bitcoin Price Analysis: Current Trends and Future Predictions

📉 Bitcoin's price is currently at $114,930 with a market cap of $2.28 trillion and a trading volume of $34.71 billion over the past 24 hours. The cryptocurrency has been trading within a range of $113,941 to $115,591 as it undergoes a consolidation phase after a significant rally in July.

📊 On the daily chart, Bitcoin is in a corrective phase following a strong rally from approximately $105,130 to $123,236, which was a 17% gain. The price action shows sideways movement with a slight downward bias due to profit-taking at the peak. Current support is at $112,000 with stronger support at $108,000, while resistance is in the $116,500 to $118,000 range. Until the price breaks above $118,000 on strong volume, the short-term bias leans neutral to bearish.

📉 The four-hour chart indicates a rejection from $118,904 followed by a sharp decline to $111,919. The subsequent recovery has been low in volume and less convincing, with repeated resistance near $115,000. Support is at $113,000 and a potential bear flag pattern is forming, suggesting a risk of further downside if support fails. A break below $113,000 could lead to retests of $111,900.

📈 On the one-hour chart, intraday resistance at $115,700 has capped multiple rally attempts, while support at $114,000–$114,300 has been tested several times. Volume analysis shows selling pressure outweighing buying interest, indicating that bulls may struggle to maintain momentum without fresh buying support. If the $114,000 support fails, traders may look for downside targets near $113,000.

🔄 Oscillators present a mixed outlook. The relative strength index (RSI) is at 49, indicating neutral momentum, while the Stochastic oscillator is also neutral at 34. The commodity channel index (CCI) at −105 signals positivity suggesting potential recovery, but momentum at −3,022 and the moving average convergence divergence (MACD) level at 239 both issue bearish signals. This blend of indicators points to market indecision.

📉 Moving averages show a split picture between short- and long-term sentiment. The exponential moving average (EMA) for 10, 20, and 30 periods are all above the current price signaling bearish conditions. However, the EMA and SMA for 50, 100, and 200 periods are below the current price issuing bullish signals. This suggests that while short-term pressures remain bearish, the longer-term outlook still favors the bulls if key support levels hold.

💪 If Bitcoin can decisively break above $115,700 on strong volume, short-term momentum could shift in favor of buyers. A sustained move through $116,500 would increase the likelihood of testing the $118,000 resistance zone. Conversely, failure to hold support at $114,000 would likely invite further selling pressure with immediate downside targets at $113,000 and $111,900. The prevailing short-term bearish signals suggest that a breakdown could trigger deeper retracements toward the $108,000 support zone.

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🚪 Canaan's Strategic Withdrawal from Bitcoin Mining Locations

🔄 Canaan has recently withdrawn from its bitcoin mining operations in Kazakhstan and a less productive site in South Texas as part of its strategy to optimize operations. The China-based miner manufacturer reported mining 89 BTC in July, which resulted in a realized hashrate of 5.56 EH/s, a decrease from 6.67 EH/s in May and 5.82 EH/s in June.

📉 This decline was mainly attributed to Canaan's planned exit from Kazakhstan and the early termination of a hosting agreement in South Texas. These decisions led to the temporary idling of some of its mining fleet. Canaan stated that it is currently relocating the affected machines and anticipates that about half of the offline units will resume operations in August, with the rest to follow.

🌧 The need for this shift comes after weather-related disruptions in June affected the company's uptime. As of July, Canaan reported an operating hashrate of 6.24 EH/s, which represents 78% of its deployed hashrate of 7.95 EH/s. The company's exit from Kazakhstan reflects a broader industry trend where miners are scaling back operations in the region due to increasing regulatory and operational uncertainties.

☀️ Additionally, the departure from South Texas highlights the challenges miners face in maintaining efficiency during the summer months, when energy prices rise and curtailment risks increase. Despite these challenges, Canaan's bitcoin holdings have increased to 1,511 BTC under its new treasury policy to retain mined coins.

🇨🇳 China-Russia Trade Reaches Record High Amid Tariff Threats

📈 Trade between China and Russia reached a record high in July, despite looming threats of secondary tariffs on Russian oil purchases. According to the Chinese General Administration of Customs, bilateral trade between the two nations totaled $19.14 billion, marking an 8.7% increase from June but a 2.8% decrease compared to July 2024.

🛢 A significant portion of this trade involves crude oil imports from Russia, which has become a major oil supplier for China. In 2024, Russia exported 108.5 million metric tonnes of crude to China, accounting for 19.6% of China's total crude imports. Despite a 10.9% decrease in volumes from January to June, Russia delivered 49.11 million metric tonnes in 2025.

⚠️ China appears unfazed by recent U.S. government threats regarding Russian crude exports, suggesting it may anticipate a resolution to the ongoing conflict or is betting on a potential retreat from additional tariffs by the Trump administration.

While facing reductions due to the constant sanctions and roadblocks imposed on Russian crude, trade still maintains significant volumes,

indicating that China is not worried about the recent threats of the U.S. government concerning Russian crude exports.

🗓 However, these threats are not to be taken lightly. The Trump Administration has already imposed similar tariffs on India for its oil purchases. With the current trade moratorium deadline approaching on August 12, U.S. Treasury Secretary Scott Bessent has suggested that an extension is likely and that trade relations with China are in a "very good place."

🤝 While Trump has mentioned a "sort of" trade deal with China, the potential implementation of these secondary tariffs could complicate the finalization of this agreement.

🌐 XRP Price Prediction: Analyst Says $6 Still in Play Despite BlackRock’s XRP ETF Rejection

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🔥 RWAs are breaking out — and they might be the next 100x narrative of this bull run.

💰 June 2025 snapshot:

- $12.7B locked in RWA protocols (+282% YoY)
- Tokenized Treasuries up +933% YoY 🚀
- BlackRock’s BUIDL → $2.5B TVL, 44% market share
- Private credit & commodities gaining traction fast

⚡️ Why it matters (CoinEx Research):
- Ethereum = the Wall Street of on-chain finance (59% RWA TVL)
- Regulatory green lights from US GENIUS Act & EU MiCA
- Infrastructure boom: legal SPVs, oracles, programmable compliance
- Institutions moving from stablecoins → yield-bearing RWAs

The on-chain asset era isn’t coming — it’s here. Are you positioned? 💎

🔍 Know more on CoinEx: https://www.coinex.com/s/4EPF
CoinEx——Your Crypto Trading Expert

📈 Record U.S. Tariff Revenue Amidst Rising Deficit

💰 In July, U.S. tariff revenue surged over 300%, reaching a historic $29.6 billion for the month. This increase supports President Donald Trump’s assertion that tariffs can be an effective source of revenue for the government. Since March, total tariff income has surpassed $100 billion, with projections suggesting an additional $40 billion could be raised in August, potentially leading to an annual total of $350 billion.

📉 However, despite this record revenue, the U.S. deficit also widened significantly, increasing by $47 billion to $291 billion in July. This rise contradicts the Trump administration's promise to reduce the deficit, showing a 19% increase since earlier this year.

📊 The growing deficit is seen as a positive indicator for alternative assets like gold and bitcoin. A post from The Kobeissi Letter noted,

Gold and Bitcoin are surging...this is the best possible fundamental backdrop for both Gold and Bitcoin.

Both assets have seen significant gains in 2025, with gold rising approximately 24% and bitcoin increasing by 30% year-to-date.

📝 Despite the substantial tariff revenue, The Kobeissi Letter cautioned that without meaningful fiscal restraint from the Trump administration, this revenue may not be enough to significantly reduce the national deficit.

🚀 Bull market vibes are back — and RWAs are stealing the spotlight in 2025!
CoinEx Research reveals 5 asset classes leading the tokenization boom ⬇️

1️⃣ U.S. Treasuries – The on-chain “risk-free” yield magnet
2️⃣ Private Credit – +10% APR frontier for yield hunters
3️⃣ Tokenized Equities – Europe’s DeFi-native stock revolution
4️⃣ Sovereign Bonds – Regulated public debt goes blockchain
5️⃣ Gold-Backed Commodities – Stability meets DeFi composability

💡 RWAs are moving from hype to execution — and they could be the next trillion-dollar catalyst.
🔍 Know more on CoinEx: https://www.coinex.com/s/4EPM
CoinEx——Your Crypto Trading Expert

📉 Bitcoin and Ether ETFs Experience First Net Outflows After Days of Gains

🚫 After a week of significant inflows, bitcoin and ether exchange-traded funds (ETFs) ended Friday with net outflows. Bitcoin ETFs saw a withdrawal of $14 million, while ether ETFs experienced a larger outflow of $59 million. This marked the end of a streak of gains for both asset classes.

📉 The surge of capital into crypto ETFs slowed on August 15, with ether ETFs having enjoyed eight consecutive days of gains and bitcoin ETFs seven days before slipping into negative territory. Investors withdrew a total of $73 million, indicating a brief pause in a historic run of inflows.

💰 Bitcoin ETFs received $114.40 million into Blackrock’s IBIT, which remains a favorite among institutions. However, significant redemptions from Grayscale’s GBTC ($81.82 million) and Ark 21shares’ ARKB ($46.71 million) resulted in a net outflow of $14.13 million for the group. Despite heavy trading volumes of $3.28 billion, total net assets decreased to $151.98 billion.

📉 Ether ETFs faced a more pronounced decline. Although Blackrock’s ETHA saw an inflow of $338.09 million, widespread redemptions across various funds led to a total outflow of $59.34 million. Fidelity’s FETH experienced a significant outflow of $272.23 million, and Grayscale’s ETHE saw $101.74 million leave. Smaller withdrawals from Bitwise’s ETHW ($15.76 million), 21Shares’ CETH ($4.39 million), and Grayscale’s Ether Mini Trust ($3.30 million) contributed to the overall decline. Trading volumes for ether ETFs were $3.54 billion, with net assets slightly down to $28.15 billion.

🔍 This retreat follows a week of record-setting inflows for ether ETFs. Market participants will be closely monitoring whether Friday’s pullback is a temporary pause or the beginning of a cooling trend when markets reopen next week.

📢 Tom Lee’s BitMine Ethereum Treasury Tops $6.6B, Overtakes MARA in Crypto Holdings 🚀

👉 Read more

📰 Circle Acquires Informal Systems' Malachite for Arc1 Blockchain Launch

🔗 Informal Systems has announced that Circle Internet Group, Inc. (NYSE: CRCL) has acquired its high-performance consensus engine, Malachite. This acquisition is aimed at supporting the launch of Arc1, a new Layer-1 blockchain network tailored for stablecoin finance.

🚀 The Arc network is expected to launch its testnet later this year. It will utilize Malachite’s Byzantine Fault Tolerant (BFT) consensus engine, which employs the Tendermint algorithm to improve performance, reliability, and security in stablecoin transactions. Informal Systems, recognized for its innovative blockchain infrastructure, strives to enhance trust in software and financial systems through its technologies.

🔓 The Malachite repository will remain open source, ensuring ongoing industry access and innovation. Several members of the Informal team will join Circle to assist in the development of Arc, while Informal continues to pursue other initiatives in its portfolio.

🚀 Bull Market, Launchpad Wars Heat Up

The bull run is back—and ZORA, BONK, and PUMP are leading the charge.

ZORA: SocialFi model turns creators into tokens, fueling Base’s surge.

BONK: Revenue-to-burn flywheel drives Solana’s meme momentum.

PUMP: Liquidity depth powers its comeback, proving liquidity is king.

Now traders can ride the hype with CoinEx’s PUMP, BONK, ZORA Special Event:
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The launchpad battle rages on—don’t just watch, trade smart.
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CoinEx – Your crypto trading expert.

🏉 VALR Partners with DHL Stormers: A New Era for Crypto in Sports

🤝 Africa's largest crypto exchange, VALR, has entered into a three-year partnership with the DHL Stormers, South Africa's rugby team. This collaboration marks VALR as the official crypto exchange partner for the team.

📈 As part of the agreement, VALR's branding will be prominently displayed at the DHL Stadium and on the team's kits. Additionally, the exchange will provide a VIP suite for institutional clients. The partnership also includes various fan engagement initiatives such as crypto-based rewards, trading competitions, and exclusive experiences like meet-and-greets with players.

🌍 Both VALR and the Stormers aim to promote crypto adoption and financial inclusion in South Africa and beyond. They view this partnership as a way to integrate sports culture with digital finance, positioning the country as a growing global crypto hub.