Crypto Daily Roundup: China Challenges the Dollar, UK Sanctions Stablecoins, Jackson Hole Looms

Crypto Daily Roundup: China vs the Dollar, UK Sanctions, and Jackson Hole.
Bitcoin holds steady above $112K, Ethereum trades around $4.2K, and XRP locks in third place at $2.88 — but the real story today is power. China is preparing to launch yuan-backed stablecoins that could challenge the dollar’s dominance. The UK has sanctioned crypto networks tied to a rouble-pegged coin, showing stablecoins are now a sanctions battleground. And Jerome Powell’s speech at Jackson Hole could decide whether crypto breaks higher or stalls out. Liquidity, politics, and power — today’s episode has it all.

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