USDC Treasury mints 250 million new USDC on Solana

The post Australian Dollar heads for weekly decline amid cautious Fed outlook appeared on BitcoinEthereumNews.com. AUD/USD extends losses for a third day, set for first weekly decline in four weeks. The Australian Dollar weakens as the Fed-driven US Dollar rebound and soft jobs data weigh on the Aussie. Fed Governor Stephen Miran advocates deeper cuts, signaling internal divergence on future policy direction The Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Friday, with AUD/USD extending its decline for the third straight day. The pair is set to end the week in negative territory for the first time in four weeks, as the Greenback’s post-Fed recovery continues to sap demand for risk-sensitive currencies. At the time of writing, AUD/USD is trading around 0.6597, hovering near its lowest level in almost two weeks after reversing sharply from its highest level since October 2024, marked on Wednesday following the Federal Reserve’s (Fed) monetary policy announcement. The US central bank lowered the federal funds rate by 25 basis points (bps) to the 4.00%-4.25% range, broadly anticipated by markets. But Fed Chair Jerome Powell’s press conference proved less dovish than expected, sparking a rebound in the US Dollar and yields, which weighed on the Aussie. Powell emphasized that officials are in no rush to adjust policy further, calling the latest reduction a “risk-management cut” intended to support the economy as labor market conditions soften. He also noted that policy is “not on a preset course” and will stay data-dependent, underscoring a cautious rather than aggressive approach to easing. Earlier on Friday, newly appointed Fed Governor Stephen Miran said he was the “bottom dot” in the Fed’s latest Summary of Economic Projections (SEP), signaling his support for a more aggressive easing path. Miran noted he hopes to persuade colleagues to back deeper cuts, warning that keeping policy restrictive for too long risks damaging the labor…

The post XRP Outperforms in Thailand, FIL Sold in Shanghai appeared on BitcoinEthereumNews.com. XRP led Thai markets with 5× gains and $8.2B in trading volume through August Shanghai court sold 90K FIL tokens, raising concerns over undervalued disposals FIL retests long-term support as AI demand boosts decentralized storage tokens Asian markets are leaning deeper into crypto, both in spot and perpetual futures. A new monthly report from Thailand’s SEC showed XRP has been the best-performing asset in the country through August, outpacing every other regulated class this year.  Meanwhile, in China, a Shanghai court sold seized Filecoin (FIL) tokens at what may have been the bear market floor.  XRP Tops Thailand Gains Ripple’s expanding partnerships and climbing exchange volumes have translated into standout returns for Thai investors. The SEC report shows XRP delivered a 5× rally over the past 12 months, cementing it as the top-performing major asset. Trading activity rose as well: August volumes were up 2.06% month-over-month to $8.2 billion. Related: First Spot XRP ETF Goes Live, XRPR Structured Under 1940 Act; XRP Holds $3.10 XRP to Lead in Asia? In the near term, crypto analyst Ali Martinez warned XRP could slip toward $2.78 if it fails to hold support near $2.96. Source: X Longer term, he projects a macro bull run that could take XRP beyond $10, especially if an altseason plays out before year-end.  With an anticipated parabolic altseason before the end of this year, XRP is well-positioned to be the best-performing major asset in Thailand. Source: TradingView Shanghai Court Offloads 90K FIL Meanwhile, in the Shanghai court, the Baoshan District People’s Court, announced that it has successfully disposed of 90,000 Filecoin (FIL) tokens seized in a criminal case.  The court located on the eastern coast of China noted that the move to offload the assets was motivated by cutting losses for the victims or the state. “Compared to…

The Hyperliquid ecosystem reached an important milestone as three teams, Tradexyz, Ventuals, and Felix Protocol, went live with their HIP-3 deployments. The launches demonstrate steady progress after months of coordinated work between core protocol developers and the deployer community. Each team advanced the platform’s mission to create an open system for modern financial products. The […]