Crypto Market Update: World Liberty Gains Coinbase Approval with Stablecoin Listing Amid Market Rally
August 22, 2025 — The cryptocurrency market saw significant positive movement on Friday, August 22, following comments by U.S. Federal Reserve Chair Jerome Powell that hinted at a potential interest rate cut in September. Notably, World Liberty Financial, a crypto project linked to former U.S. President Donald Trump and his family, received a milestone approval from Coinbase Global, which listed its stablecoin USD1 on the leading exchange. Here is an overview of the market activity and key developments in the crypto space.
Bitcoin and Ethereum Lead Market Rally
Bitcoin (BTC) surged to $116,546, up 3.9% over the 24-hour period. The cryptocurrency experienced a rapid price jump from around $112,000 to $116,000 within just over an hour after Powell’s address at the Jackson Hole Symposium. The Fed Chair’s remarks suggested that the central bank may adjust monetary policy due to current inflation and labor market conditions, potentially lowering interest rates as early as the September Federal Open Market Committee (FOMC) meeting.
Ether (ETH) climbed even more sharply, gaining over 14.5% to reach $4,843.61. Analysts noted that ETH surpassed the $4,600 resistance level and formed a bullish pattern that could target levels near $6,000. Altcoins Follow Uptrend
Altcoins broadly mirrored the market’s upward momentum. Solana (SOL) rose 10.5% to $199.01, XRP increased by 7.9% to $3.09, Sui (SUI) grew 9.5% to $3.74, and Cardano (ADA) reached $0.9334 with a 9.5% gain. These gains reflect growing investor optimism linked to broader macroeconomic cues and specific sector developments.
Coinbase Lists Trump-Linked Stablecoin USD1
In a significant industry move, Coinbase announced on August 21 the listing of USD1, a stablecoin issued by World Liberty Financial. The project is closely associated with Donald Trump and his sons and represents the firm’s expansion into decentralized finance (DeFi). While the underlying platform is still under development, World Liberty’s USD1 token is designed for integration with Ethereum-based DeFi services, leveraging Aave technology to enable future lending and borrowing functionalities.
The addition of USD1 broadens Coinbase’s stablecoin offerings, which already include top tokens such as USDT, USDC, PYUSD, and DAI. The listing has sparked attention due to the stablecoin’s political ties and reports linking USD1 to substantial investment from an Abu Dhabi sovereign wealth fund into Binance.
Stablecoin Regulatory Momentum and Controversies
World Liberty’s listing aligns with recent developments in U.S. stablecoin regulation, notably the passage of the GENIUS Act, which establishes national standards for stablecoin issuance and trading, fostering increased sector legitimacy. However, the project remains controversial given its political associations and opaque funding sources.
US House Seeks to Ban Fed CBDC Development
Separately, the U.S. House of Representatives is moving to bar the Federal Reserve from issuing or researching a Central Bank Digital Currency (CBDC). A provision added to the 2026 National Defense Authorization Act strongly prohibits the Fed’s involvement in CBDC initiatives, reflecting growing legislative resistance. This effort follows the narrowly passed Anti-CBDC Surveillance State Act in July, with the legislation’s adoption in the Senate still uncertain.
CFTC Solicits Public Feedback on Spot Crypto Trading Regulations
The Commodity Futures Trading Commission (CFTC), under Acting Chair Caroline D. Pham, has requested public input on regulating spot crypto trading. This consultation forms part of the agency’s “crypto sprint” program aimed at accelerating a comprehensive regulatory framework for digital assets. Comments on potential rules and frameworks are open through October 20, 2025. Ripple and SBI to Launch Stablecoin in Japan
Ripple has partnered with SBI Holdings to bring the Ripple USD stablecoin (RLUSD) to the Japanese market, with plans to launch in early 2026. RLUSD is designed as an institutional-grade product backed by dollar deposits and short-term US treasuries, providing regulatory clarity under Japan’s new stablecoin regime.
European Central Bank Explores Public Blockchains for Digital Euro
The European Central Bank (ECB) is evaluating major public blockchains—including Ethereum and Solana—for potential use in the digital euro’s infrastructure. This consideration marks an acceleration in Europe’s digital currency initiatives amid competitive pressures and follows the GENIUS Act’s influence on regulatory harmonization.
Binance Faces Increased Regulatory Scrutiny in Australia
Australia’s financial regulator AUSTRAC has directed Binance to appoint an independent external auditor due to deficiencies in anti-money laundering controls and risk management. AUSTRAC cited Binance’s high staff turnover and insufficient senior management presence locally as concerns. This adds to Binance’s ongoing global compliance challenges, including a multi-billion dollar fine in the United States and ongoing legal matters in Nigeria.
Stay Tuned for Further Updates
The cryptocurrency market continues to experience fast-paced developments amid shifting regulatory landscapes and evolving macroeconomic conditions. Follow @INN_Technology for real-time news and insightful analysis.
Disclaimer: The authors of this article hold no direct investment interests in any mentioned companies or digital assets. Please conduct your own research or consult a financial advisor before making investment decisions.