Hong Kong Stablecoin Regulation Set for August 2025

Bridgers has added WBTC support on Unichain network, expanding its cross-chain capabilities. Users can now route WBTC across multiple blockchains using smart contract-powered execution and aggregated liquidity pools. The integration follows recent additions of USDC, TICS, and YURU tokens to the platform. Bridgers maintains a non-custodial approach, allowing users to retain control of their assets throughout the transfer process. Key features: - Smart contract-based execution - Non-custodial transfers - Aggregated liquidity - User-authorized transactions [Try it now](http://dapp.bridgers.xyz)

Ripple has taken significant steps toward mainstream financial integration by applying for a US national bank charter. This move aims to bring their stablecoin $RLUSD under federal oversight. The company's subsidiary is pursuing a Federal Reserve master account, which would enable: - 24/7 stablecoin issuance - Direct redemption capabilities - Integration with traditional banking infrastructure This follows their earlier development of RLUSD in 2024, which still awaits full regulatory approval for launch. *This represents a notable convergence of traditional banking and digital asset infrastructure.*

Design software giant Figma has filed for an Initial Public Offering (IPO) with the SEC, revealing substantial cryptocurrency holdings. The company currently holds **$69.53 million** in Bitcoin spot ETFs and received board approval for an additional **$30 million** Bitcoin investment in May. The San Francisco-based company has temporarily converted funds to USDC with plans to reinvest in Bitcoin, demonstrating a strategic approach to digital asset treasury management. This move represents a significant intersection of traditional tech and cryptocurrency markets, as Figma becomes one of the first major design platforms to publicly disclose substantial crypto holdings pre-IPO.

**Verge (XVG)**, the privacy-focused cryptocurrency, has expanded its cross-chain capabilities through full integration with Bridgers. The implementation enables users to transfer XVG across multiple networks including: - ERC20 (Ethereum) - BSC (Binance Smart Chain) - Base - Polygon Key features of Verge include: - Built-in Tor integration for enhanced privacy - Stealth address transactions - Community-driven development - Open source codebase - Bitcoin network improvements Users can now execute non-custodial cross-chain transfers at [dapp.bridgers.xyz](http://dapp.bridgers.xyz)

**Key Market Movements**: - BTC and ETH show modest gains - Trading volume experiences significant increase - Layer2 and NFT sectors leading performance **Major Developments**: - Robinhood plans to launch tokenized U.S. stocks for European market via Arbitrum or Solana - U.S. Supreme Court grants IRS access to Coinbase user data - XRP Ledger launches Ethereum-compatible sidechain - Robinhood EU begins offering private company tokens including OpenAI and SpaceX - Aptos Labs CEO joins CFTC advisory committee - BitMine raises $250M for Ethereum strategies - German banking sector embraces crypto services - Solana staking ETF preparation underway