Fed Ends Novel Activities Program as XRP Expands Healthcare Reach
Fed Ends Novel Activities Program as XRP Expands Healthcare Reach
🏦 Fed Loosens Crypto Grip
The Federal Reserve has discontinued its Novel Activities Supervision Program, marking a shift toward a more traditional regulatory approach for banks involved in crypto activities.
A significant Ethereum withdrawal queue has formed, with 890,000 ETH (approximately $3.8B) awaiting processing over the next 15 days. This could create temporary selling pressure.
Healthcare Integration Milestone:
- Wellgistics Health implementing XRP Ledger payments across 6,500 US pharmacies
- Aims to reduce costs and accelerate settlement times
- Plans to use XRP for treasury operations
Mantle (MNT) token experienced a 30% price increase over 48 hours, reaching $1.30, following Bybit EU's launch of a MiCA-compliant staking pool.
📢 Today’s Top Crypto Headlines: 🏛️ US Regulatory Shift The Federal Reserve ended its “Novel Activities Supervision Program,” signaling a more crypto-friendly environment for banks. Oversight returns to traditional regulators, echoing the recent trend of relaxed policies. 🔓
📊 Daily Crypto Market Recap: August 7, 2025 📰 Top Crypto Headlines: 📈 Markets Recover After 3-Day Drop Global crypto cap rebounds to $3.8T. BTC rises 1.8% past $115K, ETH up 4%+ above $3.5K. XRP breaks $3 with 9% gain. 💳 PayFi Tokens Lead Sector Surge Payment-focused
📈 Major Headlines: • Bullish to debut on NYSE (BLSH) Aug 13: 30M shares @ $32–33, aiming for $990M raise & $4.8B valuation. Backed by Blackstone & ARK Invest. • $WLFI seeks $1.5B for a listed entity merging token governance & corporate structure. • Ripple gets
📢 Major Crypto Updates: 🌐 Circle’s Arc launches as a stablecoin-focused L1 and $USDC as native gas, FX solutions, lightning-fast Malachite consensus. Testnet this fall, mainnet 2026. Stock plan: 10M shares filed → short-term -6% dip. 💎 BitMine Immersion secures SEC approval
📢 Today’s Top Crypto Headlines: ⚡ OKX X Layer Upgrade integrates Polygon CDK → 5,000 TPS, lower fees, full Ethereum compatibility. 💰 GMX Compensation pays $44M to GLP holders after Arbitrum v1 vulnerability. Includes $5M bounty deal, funds returned. ARB token up 20% on
South Korea Advances Stablecoin Regulation Framework
South Korea's Financial Services Commission (FSC) is advancing its crypto regulatory framework with a focus on stablecoins. The FSC plans to submit a comprehensive regulatory bill in October that will address: - Stablecoin issuance requirements - Collateral management standards - Risk control measures This builds on previous crypto user protection rules proposed in December 2023, which will take effect in July 2024. The new framework aims to enhance market stability and user confidence in digital assets.
Bridgers Launches Non-Custodial Cross-Chain Bitcoin Routing
Bridgers has launched a new service for routing Bitcoin across chains using aggregated liquidity from top DEXs and bridges. Key features: - Non-custodial execution through smart contracts - User maintains full control of funds - Automated best route finding - Aggregated liquidity from multiple sources - No platform custody of assets The service aims to simplify cross-chain Bitcoin transfers while maintaining security through smart contract-based execution rather than centralized custody.
Daily GM Report: Consistent Community Engagement Through August 2025
A consistent pattern of daily 'GM' greetings continues in the community, maintaining the web3 tradition of daily acknowledgments. The greetings alternate between 'gm gm' and 'Gm frens', predominantly accompanied by a sunny emoji (:sunny:). Notable variations include occasional appearances of :sun_with_face: and :coffee: emojis, showing subtle community engagement patterns. The consistency in daily greetings spans from February through August 2025, demonstrating sustained community activity.
Bridgers Launches Non-Custodial Token Swap Platform
Bridgers has introduced a new token swapping platform with a focus on simplicity and user control. Key features: - No custody of user funds - No login requirements - Optimized routing for better swap rates - Direct user authorization of transactions The platform aims to streamline cross-chain token swaps while maintaining security through non-custodial operations. Users retain full control of their assets throughout the swap process. Visit [Bridgers dApp](http://dapp.bridgers.xyz) to try the platform.