AltSignals Blog

JD.com and Ant Group are lobbying the People’s Bank of China to approve stablecoins backed by offshore Chinese yuan to enhance the currency’s role in global trade and counter the increasing prominence of US dollar-pegged tokens. Both companies are preparing to apply for stablecoin licenses in Hong Kong and Singapore, while discussions for the same are ongoing in Hong Kong and early feedback from regulators has been positive. This development comes as the yuan’s share in global payments hits its lowest in nearly two years at 2.89%, compared to the dollar’s 48% share.

Crypto payments are gaining popularity in Europe, with a surge in stablecoin usage. Analysis from Oobit’s recent report shows over 75% of their transactions across several EU countries were powered by stablecoins. Notably, Poland emerged as the leader in retail purchases made with stablecoins, which aligns with the country’s crypto-friendly regulations. The rising trend of crypto usage extends beyond speculation, indicating growing real-world utility and integration into everyday life.

US private-sector jobs number decline leads to a drop of more than 4% in June, the steepest fall since March 2023. Meanwhile, Bitcoin price touches $108,000, stirring volatility. Experts anticipate Federal Reserve interest-rate cuts due to weak labor market, providing liquidity injections for Bitcoin and other risk assets. However, Bitcoin still faces resistance at the $108,000 price range.

Bitcoin treasury company, Strategy, acquires an extra 4,980 BTC, totaling their holdings to over 597,325 bitcoin. The recent purchases, financed through ATM equity programs, follow executive chairman’s prediction that bitcoin price may hit $21 million in 21 years. The popularity of bitcoin treasury companies seems to be surging as over 140 publicly traded companies acquire bitcoin, including Strategy’s closest competitor, bitcoin miner MARA Holdings.

The article discusses the potential of the new memecoin Little Pepe (LILPEPE), comparing it to the performance of popular memecoin Shiba Inu (SHIB). With its utility-first meme chain, zero tax trading, and sniper bot protection, LILPEPE is poised to make a significant impact in the meme token industry, possibly offering 1000x returns in 2025. The article also discusses the shifting dynamic in the crypto market and suggests that the next wave of crypto millionaires could come from next-gen meme chains like Little Pepe.

Tether’s USDT is powering the new Layer 1 blockchain called Stable, improving transaction speeds, reducing costs, and providing more dependable service. The new platform, created to conquer current infrastructure inefficiencies, utilizes USDT as its primary token for gas and settlement fees, and offers exclusive features such as guaranteed blockspace allocation, batch transaction processing, and secure transfer features to meet institutional needs. Stable also plans to develop tools for developers and optimize its consensus model in future phases.

Federal Housing Finance Administration Director, William Pulte, suggests cryptocurrency could be included in mortgage applications. By recognizing digital assets, crypto holders could benefit from improved financial standings, potentially enhancing loan approval rates. However, the order didn’t specify acceptable cryptocurrencies and noted potential risks, including market volatility. Pulte said this move aligns with President Donald Trump’s ambition to make the U.S. a global crypto hub.

Binance Coin experiences a significant rebound, reaching its highest price since June 12. The BNB Chain network is recording fast growth, handling over $166 billion transactions in June, becoming a major player in the decentralized exchange sector. The article discusses key metrics improvements, price chart analysis, and the potential for a bullish breakout.

Backed Finance’s tokenized stocks product, xStocks, offers over 60 stocks across blue-chip giants and crypto firms, including Netflix, Meta, Robinhood, and Coinbase, on exchanges like Kraken and Bybit and Solana-based DeFi platforms. These tokenized stocks promise 24/7 trading, freely transferable assets, commission-free trading, and DeFi support, creating more inclusive and flexible trading options for users.