Crypto Weekly Roundup: BoFA Touts Stablecoins, Hulk Hogan and Ozzy Memecoins Hit The Market, & Extra

This week in crypto, there was vital curiosity in stablecoins from institutional giants just like the Financial institution of America and Western Union, whereas JP Morgan Chase began preparations to introduce crypto-backed loans. Let’s discover out extra. BusinessBank of America (BofA) expects a big rise in stablecoin provide and adoption as U.S. banks transfer towards issuance, pushed by new regulatory readability and rising demand for tokenized finance.World remittance powerhouse Western Union is exploring the rollout of stablecoin companies inside its digital pockets infrastructure, signaling rising legacy curiosity in crypto following the passage of the GENIUS Act.JPMorgan Chase is getting ready to introduce crypto-backed loans in 2025, permitting shoppers to make use of Bitcoin and Ethereum as collateral, a transfer that indicators the financial institution’s cautious however strategic enlargement into digital property.Sq., a unit of Block Inc., has launched direct Bitcoin fee help for its service provider community, marking a serious milestone in real-world crypto adoption.Tesla’s Q2 revenue surged to $1.2 billion, pushed by a $284 million Bitcoin achieve and rising AI ventures, offsetting weaker car gross sales amid evolving digital asset accounting requirements.FTX will start its subsequent spherical of creditor repayments on September 30, following a court-approved discount in its claims reserve, doubtlessly unlocking $1.9 billion for distribution.Web3Memecoins linked to metallic legend Ozzy Osbourne and wrestling icon Hulk Hogan soared following their deaths in a rally pushed by nostalgia and speculative buying and selling. This information covers six simple methods to mine Bitcoin and altcoins, specializing in platforms that supply automated cloud mining, low entry prices, and no {hardware} necessities.Bitcoin.com On line casino has now rolled out a 1 BTC weekly problem, with the highest performer to this point hitting an all-time excessive of 10860 factors.SecurityAs Bitcoin rises in recognition and worth, cybercriminals are discovering new methods of stealing it, and one of the frequent threats, phishing, tips customers into giving delicate info comparable to pockets passwords, seed phrases, or non-public keys.RegulationGhana will start licensing crypto platforms by September 2025 because it shifts from warning to regulation to higher handle financial knowledge, monetary stability, and surging digital asset use.The SEC has halted its personal determination to approve the conversion of Bitwise’s 10 Crypto Index Fund right into a spot exchange-traded fund (ETF), injecting contemporary uncertainty into the regulatory panorama for digital asset merchandise.Disclaimer: This text is offered for informational functions solely. It isn't provided or supposed for use as authorized, tax, funding, monetary, or different recommendation