Animoca Brands begins the stablecoin licensing process in Hong Kong. Licensing aligns with Hong Kong Monetary Authority's regulations.

Pepe Dollar ($PEPD) combines meme culture with DeFi, featuring a 3.695B-token supply mimicking U.S. debt to critique centralized finance. The platform Pepedollar.fun allows non-coders to launch memecoins using bonding curves and transparent dashboards, promoting community-driven tokenomics. Expanding into Telegram gaming, airdrops, and MemeFi—a payment system integrating $PEPD for microtransactions and Web2 commerce via MemePay—the project focuses on long-term utility over trends, aiming to transform meme coins into functional, trust-based financial tools rooted in internet culture.

According to the Bijie.com news, on August 8, the People's Bank of China, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Finance, the State Administration of Financial Supervision, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the "Guiding Opinions on Financial Support for New Industrialization", which pointed out that financial institutions are supported to use big data, blockchain, artificial intelligence and other technological means to simplify business procedures and improve the efficiency of serving the manufacturing industry, especially small and medium-sized enterprises.

According to Bijie.com, Huobi HTX officially announced the launch of IN/USDT perpetual contracts on August 8th, offering up to 20x leverage. Huobi HTX also launched an IN contract trading event from 4:00 PM on August 8th to 4:00 PM on August 15th (UTC+8), offering a total prize pool of up to $10,000.00 USD. During the event, users who register and participate in IN/USDT contract trading with a cumulative valid trading volume of ≥ 10,000 USDT will be eligible to share the prize pool based on their trading volume ranking. New users who complete IN/USDT contract trading will also receive exclusive benefits.

Pump.fun has launched the GFF initiative to provide liquidity support for Solana memecoins, targeting market stabilization and enhanced investor confidence by addressing the ecosystem's liquidity challenges. The program aims to mitigate risks such as price dumps and rug pulls through dedicated funding, though its undisclosed funding sources and project selection criteria have raised transparency concerns. This development aligns with broader crypto trends focusing on liquidity solutions, potentially impacting Solana's DeFi, NFT sectors, and institutional adoption.

XRP soared to a new multi-week peak of almost $3.4 today.

XRP is eyeing the $7 mark as the Ripple vs. SEC battle ends, fueling a wave of bullish momentum and sending the XRP Army over the moon.

According to a new report from 10x Research on August 8th, the current market faces challenges from compressed volatility, seasonal weakness, and a lack of macro drivers, raising questions about the sustainability of the current rebound. Trump's recent move to expand cryptocurrency access in 401(k) accounts and boost attention to gold could shift market sentiment, but the market reaction has been muted. Meanwhile, despite Ethereum's record address activity and price gains, these gains are driven more by narrative than fundamentals. Both assets are at critical technical boundaries, and future momentum could accelerate or stall significantly.

According to Bijie.com, on August 8 (UTC+8), veteran Hong Kong compliance lawyer Wu Wenqian noted that Hong Kong's regulatory approach remains stable, following a "consultation first, research second, legislation" approach to promoting the development of stablecoin and trading platform systems. In contrast, US policy has experienced significant volatility. Initially, strong regulation led to an outflow of crypto projects, but regulatory trends shifted after the regime change. While US regulatory uncertainty complicates long-term planning, Hong Kong's stability, maintaining a predictable path, is more suitable for medium- and long-term project development. (Source: MLion)

An analyst has pointed out how Dogecoin has entered into a zone that kicked off major bull runs for the memecoin in the past. Dogecoin Is Trading Near Lower Level Of Historical Ascending Channel In a new post on X, analyst Ali Martinez has talked about how the weekly Dogecoin price has entered into a historically important buy zone. Below is the chart shared by Martinez, showing this trend. As is visible in the graph, the Dogecoin weekly price has roughly followed an Ascending Channel over the past decade source: https://www.newsbtc.com/news/dogecoin/dogecoin-past-bull-runs-have-taken-off-analyst/