Powell: The size of the U.S. debt will not affect our ability to fulfill our responsibilities

The crypto market is crashing, but several coins have reached key support zones. Here are 5 tokens to keep an eye on and the next levels to watch.

PANews reported on August 22nd that Cosmos has officially launched Project Trinity, a stablecoin-driven delivery versus payment (DvP) settlement project jointly initiated by financial institutions including Sumitomo Mitsui Banking Corporation (SMBC), Progmat, Boostry, and Datachain. TOKI is participating as a technical partner. The project aims to leverage the IBC protocol and LCP technology to enable cross-chain atomic swaps between stablecoins and security tokens, covering blockchain platforms such as Avalanche and Quorum. Japan's stablecoin market is rapidly developing following an update to the Payment Services Act, allowing for the compliant issuance of stablecoins and promoting more efficient and secure financial transaction settlement. The security token market is also expanding, with issuance exceeding 193.8 billion yen (approximately $1.3 billion) by the end of July 2025. Project Trinity aims to ultimately achieve near 24/7 real-time settlement, reducing counterparty and synchronization risks and contributing to the upgrading of Japan's secondary market infrastructure. Furthermore, TOKI will provide cross-chain messaging and middleware support at the technical level to ensure a secure and efficient settlement system. Earlier news reported that Japan's SBI Holdings plans to complete the acquisition of a majority stake in CoinPost on October 1 .

The US bond market stayed frozen Friday morning, as the 10-year Treasury yield didn’t move at all, stuck at 4.332%, while the 2-year nudged up by less than one basis point to 3.8%. But hey, that’s nothing. Wall Street wasn’t watching yields anyway. All eyes were locked on Jerome Powell’s upcoming speech at Jackson Hole, […]