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Saudi Arabia is moving toward launching its national stablecoin, backed by major global crypto exchanges. 🌍💱

The project aims to strengthen digital payments and financial innovation across the Gulf.

If successful, it could become a key player in the global crypto-payments landscape. ⚡️

Why it matters:

🇸🇦 Could reshape regional finance and trade.

💹 Attracts institutional-level crypto interest.

🌐 Signals shift toward regulated, utility-driven crypto adoption.

Global Finance News

1) Demand weakness and supply risk (as seen in oil markets) which may dampen growth.

2) Policy divergence and capital-flow shifts (with Japan’s expected stimulus, currency/asset moves).

3) Regulatory strengthening and structural risk awareness (see Canada’s move) affecting finance beyond just markets.

S&P 500 & Nasdaq Hit Record Highs

– Driven by optimism ahead of the Fed meeting and potential rate cut.

– Big signal of overall market strength.

Here’s today’s crypto news (Sept 1, 2025):

🏦 Metaplanet (Japan), advised by Eric Trump, approved $884M capital raise to buy more Bitcoin — now among top 10 BTC holders.

🔓 WLFI Token Unlock → 20% of supply ($1.15B) released today; Trump holds 22.5%, raising volatility & control concerns.

🚀 Ethereum-linked IPs jumped 30%, showing DeFi’s growing strength.

Today’s crypto news Aug 28, 2025:

📈 American Bitcoin (ABTC), backed by Trump’s sons, to list on Nasdaq in September.

🏦 Trump Media $6.4B crypto push with CRO tokens, Bitcoin ETF, $2B BTC treasury — CRO jumped 28%.

💰 Bitcoin steady near $113K, key support at $109K; altcoins mixed.

📉 Bitcoin crash: Whale sold $2.7B BTC → $940M liquidations, market down 4%.

🏦 Crypto treasuries hoarding nearly 1M BTC → supply crunch forming.

⚖️ Regulators target tokenized stocks; $1B Solana fund planned.

💵 US banks lobby vs stablecoins, fearing $6.6T deposit flight.

Gold prices slipped as the Federal Reserve stuck to its hawkish tone, strengthening the dollar.

Geopolitical tensions—especially potential U.S. involvement in the Israel-Iran conflict—added more pressure.

Meanwhile, Platinum surged to a 10-year high, boosted by tightening supply and rising demand.

What’s your take—safe haven or risk on?

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President Donald Trump clarified on Truth Social that his planned Crypto Strategic Reserve will also have Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, "at the heart of the Reserve."

"I also love Bitcoin and Ethereum," Trump wrote.

The clarification comes after Trump's post Sunday morning directing his Presidential Working Group on Crypto to "move forward" on the creation of a "Crypto Strategic Reserve" holding Cardano, XRP, and Solana. The price of all three cryptocurrencies jumped considerably following the announcement.