🌍 Beijing Accelerates: A Yuan Stablecoin to Challenge Dollar Supremacy
Welcome to the Daily for Friday, August 22, 2025 ☕️
Hello Cointribe! 🚀
Today is Friday, August 22, 2025, and as every day from Tuesday to Saturday, we bring you a recap of the last 24 hours’ news you shouldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
☁️ Cloudy
24h crypto recap! ⏱
🗳️ Elon Musk temporarily suspends his political party project
Musk puts the "America Party" on hold to preserve his alignment with JD Vance and avoid splitting the Republican vote ahead of 2026. He mentions a possible relaunch later, after a first negative signal from markets and shareholders.
👉 Read the full article
💴 China enters official talks for a yuan-backed stablecoin
Beijing opens discussions on a roadmap being reviewed by the State Council this month, with Hong Kong and Shanghai as deployment hubs. The goal is to support cross-border trade and provide an alternative to the dominance of dollar-backed stablecoins.
👉 Read the full article
📉 Mass capitulation among short-term Bitcoin holders
After peaking above $124,000, BTC fell below $115,000 and STHs sold ~50,026 BTC at a loss within 48 hours (≈ $5.69B). Analysts identify $110,000 as a critical zone and are watching $115,000–$117,000 for a potential technical rebound.
👉 Read the full article
🛡️ Beacon Network: a global system to track crypto fraud
The initiative brings together Coinbase, Binance, Kraken, PayPal, Ripple, researchers like ZachXBT, and authorities, creating a “detection → freeze” chain within minutes. The first documented cases exceed $1M blocked, targeting hacks, mass scams, and terrorism financing.
👉 Read the full article
Crypto of the Day: Aave (AAVE)
🧠 Innovation and Added Value
Aave is one of the flagship protocols in decentralized finance (DeFi), specializing in peer-to-peer lending and borrowing without intermediaries. Users can deposit digital assets into liquidity pools to earn yield, or borrow by posting collateral. Aave made its mark by introducing flash loans, instant loans without collateral, which opened the door to countless DeFi strategies. Operating across multiple blockchains (Ethereum, Polygon, Avalanche, and more), Aave embodies the resilience and flexibility of the DeFi sector.
💰 The AAVE Token: Utility and Benefits for Holders
The AAVE token grants access to the protocol’s governance: each holder can vote on proposals shaping its evolution. It can also be staked in the Safety Module, which serves as a backstop to protect the protocol in case of shortfalls, with stakers receiving rewards in return. This dual role combines security, financial incentives, and decision-making power for the community.
📊 Real-Time Performance (August 22, 2025)
Current Price: $304.10 USD
24h Change: +0.90 %
Market Cap: ≈ $4.63 billion USD
CoinMarketCap Rank: #30
Circulating Supply: ≈ 15.21 million AAVE
24h Trading Volume: ≈ $500.9 million USD
NFTs Hold Strong: Analyzing a Market in Transition
While the initial hype around NFTs seems to have faded since the speculative peak of 2022, the 2025 numbers reveal a more nuanced reality. Behind the apparent decline, the market shows unexpected resilience, marked by a strategic shift toward concrete use cases.
Volumes Down, But a Solid Structure
The NFT market generated $3.62 billion in sales in 2025, a drop compared to past records, but still demonstrating stability in a more rationalized environment. Since 2017, cumulative sales have reached $71.55 billion, confirming the ecosystem’s depth and growing structure.
Ethereum remains dominant with over $46 billion in authentic sales, though this figure is tempered by an estimated $34.6 billion in wash trading. Solana stands out with $6.43 billion in genuine sales, driven by its speed and low fees attracting creators and collectors. Meanwhile, Bitcoin is experiencing a late but significant expansion, with $5.56 billion in sales almost entirely recorded over the last two years.
A Shift Toward Concrete and Sustainable Uses
The era of purely speculative NFTs seems to be waning in favor of a more functional approach. Current projects focus on real applications: Web3 gaming, digital ticketing, digital identity, or tokenized art integrated into the traditional contemporary art world.
Ronin, powered by Axie Infinity, illustrates this evolution. With $4.29 billion in sales achieved without market manipulation, the ecosystem proves that a utility- and community-based model can generate healthy economic activity.
This suggests a gradual shift from hype to anchoring. Instead of betting on volatile digital art pieces, investors now lean toward NFTs whose value derives from meeting specific needs in digital environments. This trend could attract institutional players seeking tokenization-based solutions to enhance their business models.
NFTs and Their Future
Although 2024 levels have not yet been reached, and the 2022 peak seems out of reach, the sector’s transformation marks a strategic evolution. The battle is no longer about short-term speculation but about proving real utility and integration into Web3 infrastructures.
As players refine their offerings, develop immersive experiences, and strengthen security, NFTs could emerge as a key innovation lever in education, finance, culture, and gaming.
