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China is determined to dump the US dollar in global trade and is convincing other countries to follow suit. The Communist country is on a world tour, trying to upend trade rules and rewrite policies without incorporating the USD. The Xi Jinping administration has signed many deals in two years where the Chinese yuan plays a central role in cross-border transactions. The intent is to dim the lights on the greenback and make the yuan the sole currency among developing countries. Has China really succeeded in making emerging economies dump the US dollar and use the Chinese yuan? In this article, we will provide the data where the USD has failed and where the yuan has succeeded. The balanced approach will shed light on which currency is growing and which is stalling in the global financial markets. The world economy is at a pivotal point where developing countries are eager for a change and want to hold the torch of the next generation of finance. Also Read: US Dollar Value Falls as More N...

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Ripple’s escrow program is designed to release up to 1 billion XRP on the first day of each month, a cadence Ripple established in 2017 by locking 55 billion XRP into 55 on-ledger escrows. Any unused portion is typically re-escrowed to future months, which is why the effective net supply added tends to be far less than 1 billion.  August was the anomaly that sparked speculation: the usual August 1 release didn’t appear on-chain immediately, and community trackers briefly wondered if Ripple had paused unlocks. That chatter ended on August 9 when Whale Alert flagged three escrow releases (500M, 100M, 400M XRP) in quick succession.  Several outlets summarized the delayed trigger and noted that most of the unlocked XRP was promptly re-escrowed, consistent with past practice.  Escrow balances after the August activity sat in the mid-30B range; reports that cited XRPScan put the figure at roughly 35.6 billion XRP remaining in escrow following the delayed unlock. Tha...

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Bitget, one of the leading cryptocurrency exchanges and Web3 companies, has been highlighted in CoinDesk’s latest Market Data Deep-Dive for its growing institutional adoption and leadership in liquidity across major cryptocurrencies, as reported to Finbold on August 28.  Derivatives volume rank Bitget among the top four global exchanges Between November 2023 and June 2025, Bitget processed a cumulative $11.5 trillion in derivatives trading volume, placing it among the top four global exchanges.  Average monthly volumes reached $750 billion in 2025, nearly 90% of which came from derivatives. Even amid subdued market conditions, the report noted that Bitget has emerged as a structurally important venue characterized by scale, consistency, and rising institutional participation. In the first half of 2025, institutions accounted for 80% of spot trading and 50% of derivatives volume on Bitget, contributing to a doubling of assets under management. CoinDesk att...

Eric Trump, son of US President Donald Trump, says his family turned to crypto after several banks closed accounts linked to the Trump Organization after the Capitol attack in 2021. Speaking to the Wall Street Journal, he said that their bank accounts were shut down without warning, leaving them to depend on smaller banks until they found a new partner. “That’s when I realized how weak the financial system is and how easily it can be turned against you,” he said. Trump believes the closures were politically-motivated. He also compared the situation to how crypto companies have struggled to access banking under the former Joe Biden administration. “This system was weaponized against them, just like it was against us,” he added. Eric Trump on the President’s turn towards crypto… Says came down to Biden admin cutting off crypto industry access to banking. “This whole system was weaponized against them, no different than it had been w...

The hacker behind the $300 million Coinbase (NASDAQ: COIN) breach has resurfaced with another major purchase, this time acquiring Solana (SOL). On August 24, the attacker bought 38,126 SOL, worth about $7.95 million, at an average price of $209, according to on-chain data retrieved by Finbold from Arkham Intel. Coinbase hacker’s crypto purchases. Source: Arkham This follows earlier activity on July 20, when the same wallet added 649.62 ETH valued at $2.31 million at $3,561 each. The transactions suggest a strategy of diversifying into major blockchain ecosystems while moving funds through decentralized exchanges and aggregators. Coinbase hacker’s crypto purchases. Source: Arkham Coinbase’s notable security incident  The purchases trace back to one of Coinbase’s notable security incidents in early 2025, when cybercriminals bribed overseas support agents to access internal systems.  Insights into the breach indicate that the inc...

The non-fungible token market has recorded a significant surge today, marked by increased trading sales and floor price surges. The non-fungible token market surge is linked with the increased buyer and seller activity, a rebound in market capitalization, and a significant rise in Ethereum’s price. In this article, we shall explore factors fueling the surge in crypto and non-fungible tokens in detail. Daily NFT Sales Pump +36% Data compiled by the cryptoslam, an on-chain crypto market data aggregator and a non-fungible token explorer that tracks non-fungible token collections from more than 20 blockchain networks, shows the NFT market has surged in trading sales volume today. In the past 24 hours, the NFT market has amassed a trading sales volume of +$26 million. During this period, the NFT trading sales volume has increased by 36% from the past day. Ethereum, the blockchain network known in the NFT market for hosting the majority of the blue-chip non-fungible token collec...

OKB soared to a new all-time high (ATH), Kanye West’s YZY token plummeted, and Bitcoin dropped below $113K ahead of Fed Chair Jerome Powell’s Jackson Hole Speech later today. OKB led gainers with a 16% surge to trade at $218 as of 4:15 a.m. EST, where it also touched a new ATH at $255.50. Among other top gainers, Zcash (ZEC) jumped 9.8%, GateToken (GT) climbed 5.6%, and KuCoin Token (KCS) rose 3.2%. Meanwhile, the Bitcoin price tumbled a fraction of a percent to trade at $112,837 ahead of Powell’s potentially pivotal speech. Investors will be watching closely for signals on whether the Fed is preparing to cut rates in September or remains concerned about inflation. OKB Soars To ATH As Broader Market Dips With Neutral Sentiment OKB has reached a new all-time high at around $229, with Fibonacci retracements indicating key support at $200 and resistance at $236. The 50-day and 200-day Simple Moving Averages (SMAs) remain bullish, and the RSI at 59.17 refle...

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