Crypto Daily Roundup Weekly: Bitcoin Reacts to Powell, China Eyes Yuan Stablecoin, UK Sanctions Shake Stablecoin Rails

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This week in crypto was about more than charts — it was about power. Bitcoin traded in a wide range before Jerome Powell’s Jackson Hole speech lifted risk assets, with Ethereum outpacing BTC into the weekend. But the bigger stories tell you where the market is headed next:

– China prepares to launch yuan-backed stablecoins in Hong Kong and Shanghai, directly challenging the dollar’s dominance in crypto.
– The UK sanctioned Russia-linked networks tied to the rouble stablecoin A7A5, proving stablecoin rails are now sanctions battlegrounds.
– The U.S. DOJ softened its stance on crypto developers, signaling a shift in enforcement.
– Ethereum ETF flows rebounded, XRP ETFs filed after legal closure, and Solana surged as high-beta momentum returned.
– Stablecoins held firm near $280B, underpinned by the new GENIUS Act in the U.S., while the EU rushed digital-euro plans to catch up.

The big question: does Powell’s dovish hint and China’s stablecoin pivot set up crypto for a bigger breakout in September, or will the market just chop until hard data forces the Fed’s hand?

👉 Comment your take — bullish or cautious?

Stay locked in. This is not a week to switch off.

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