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Coins.ph Taps Polkadot, Bitcoin Breaks Records, and Ethereum FOMO Surge
Coins.ph Integrates Polkadot Asset Hub for Faster, Cheaper Stablecoin Transfers Coins.ph has integrated Polkadot Asset Hub, enabling faster and lower-cost transfers of stablecoins like USDT and USDC while offering access to Polkadot’s Web3 ecosystem. The move reduces transaction fees and times, improves interoperability with Polkadot-compatible wallets, and expands opportunities for users to engage in DeFi. CEO Wei Zhou said the partnership makes crypto more practical for everyday use, especially for remittances, while Polkadot contributor Velocity Labs highlighted its real-world impact in the Philippines. (BitDigest) Bitcoin Surges Past $124K, Overtakes Google as Fifth-Largest Global Asset Bitcoin hit a new all-time high of $124,126 on Thursday, pushing its market cap to $2.4 trillion and surpassing Google’s parent Alphabet to become the fifth-largest asset globally. The rally is fueled by $1.89 billion in recent Bitcoin ETF inflows, bullish market sentiment, easing miner sell pressure, and expectations of a September U.S. interest rate cut. Ethereum ETFs have also seen record inflows, adding to overall crypto market momentum. (Blockhead) US Spot Ether ETFs See $729M Inflows as ETH Nears Record High US spot Ether ETFs recorded $729 million in inflows on Wednesday, their second-largest daily intake ever, driven largely by BlackRock’s ETHA ($500M) and Fidelity’s FETH ($155M), as Ether surged past $4,700. Combined with Monday’s $1.02 billion record inflow, ETFs have attracted $2.3 billion in just three days, pushing total net inflows to $12.1 billion and trading volume to $4.5 billion, both all-time highs. The rally, which has lifted ETH nearly 29% in a week to $4,744, has fueled what analysts call the early stages of “Ethereum FOMO,” with prices now just 3% shy of their 2021 peak. (Cointelegraph) MetaMask to Launch mUSD Stablecoin by End of August Amid Regulatory Shift MetaMask, with over 30 million monthly active users, is set to launch its US dollar-pegged stablecoin, mUSD, by late August in partnership with Stripe’s Bridge, M^0, and Blackstone. The move follows the passage of the GENIUS Act, the first U.S. federal stablecoin framework mandating 1:1 reserves, monthly attestations, and full AML/KYC compliance. The initiative, partly revealed through a prematurely posted governance proposal, aims to leverage new regulatory clarity and growing institutional interest in stablecoins. (Crypto Briefing) Perplexity AI Targets $20B Valuation Amid $34.5B Bid for Google Chrome Perplexity AI, the fast-growing AI-powered search engine company, is seeking a $20 billion valuation in a new funding round to help finance its unsolicited $34.5 billion bid for Google Chrome, which may be sold due to an antitrust case. The firm’s valuation has soared from $520 million in early 2024 to $18 billion in July 2025, fueled by rapid adoption, $80 million in annual recurring revenue, and 22 million monthly active users. Competing bidders for Chrome could include OpenAI, Apollo Global Management, and Yahoo, underscoring the intensifying AI-driven battle for dominance in web search. (Cointelegraph) Google Clarifies Non-Custodial Wallets Unaffected by New Play Store Crypto Rules Google has confirmed that its upcoming Play Store policy update, which will require custodial crypto wallet apps to hold jurisdiction-specific licenses before distribution in regulated markets, will not apply to non-custodial wallets. The clarification comes after initial backlash from the crypto community over fears that self-custodial wallets on Android could be restricted. The new rules, effective October 29, target custodial services like exchange wallets, while leaving non-custodial apps exempt, a move some industry voices see as minor but still reflective of tech giants’ control over app distribution. (Decrypt)
Coins.ph Taps Polkadot Asset Hub for Seamless Stablecoin Transfers
MANILA, Philippines – August 14, 2025 – Coins.ph, the Philippines’ leading crypto platform, has officially integrated Polkadot Asset Hub, enabling users to send, receive, and transfer stablecoins like USDT and USDC with greater speed and lower costs. This move strengthens Coins.ph’s commitment to providing practical, user-friendly access to emerging blockchain technologies. Polkadot Asset Hub is a dedicated parachain built for stablecoins and fungible assets. With this integration, Coins.ph users can now enjoy more efficient stablecoin transactions compared to traditional blockchain networks, while gaining access to the Polkadot growing Web3 ecosystem. “At Coins.ph, we’re committed to making crypto more practical for everyday use. By integrating Polkadot Asset Hub, we’re significantly reducing the cost and time of stablecoin transfers - perfect for users who want to send funds to their loved ones across wherever they may be,” said Wei Zhou, CEO of Coins.ph. With this integration, Coins.ph users can experience faster and more affordable stablecoin transfers, with lower fees and quicker transaction times. It also enables smoother interoperability, allowing users to move assets from Coins.ph and other Polkadot-compatible wallets and platforms with ease. Beyond transfers, the integration provides access to Polkadot’s growing DeFi ecosystem, opening up new ways for users to utilize and manage their digital assets.“As core contributors to Polkadot, Velocity Labs is laser-focused on ensuring that Polkadot’s unique Web3 infrastructure delivers real-world impact. Our partnership with Coins.ph expands access for the Philippine market to fast, reliable stablecoin transfers,” says Nicolas Arevalo, CEO of Velocity Labs. Users can access this feature by selecting the Polkadot network when depositing or withdrawing supported stablecoins in the Coins.ph app or website. The integration aligns with Coins.ph’s ongoing mission to power the Web3 future with accessible crypto tools that deliver real value to everyday Filipinos.
Top Traders Cup: Round 3 is Here!
Altcoin season is here, and the leaderboard is calling your name! Round 3 of the ₱50K Top Traders Cup is live, now with more tokens to trade. Take home cash rewards by trading BTC, ETH, PEPE, BONK, DOGE, XRP, SOL, SUI, WIF, and/or XLM during the promo period and climbing the ranks. How to Join: 1. Trade a total of at least ₱20,000 worth of BTC, ETH, PEPE, BONK, DOGE, XRP, SOL, SUI, WIF, and/or XLM during the promo period. 2. The more you trade and the higher you rank, the bigger your prize! 3. Rankings are based on your total Spot and Convert trading volume across all tokens. Promo Period This campaign runs from August 13 to 19, 2025 only. Prize Pool: ₱50,000 Rank Prize 1st Place ₱20,000 2nd Place ₱10,000 3rd Place ₱5,000 4th–9th Place ₱1,500 each 10th–15th Place ₱1,000 each Terms and Conditions 1. The Campaign is open to individuals aged 18 or older with an Identity Verified Coins.ph Account. Participation is limited to users based in the Philippines. 2. Both buy and sell volumes on Coins Convert and Spot will be tallied. 3. Rewards will be disbursed to users’ accounts and are non-transferable and must be accepted as awarded. 4. Winners will be notified via email within ten (10) working days after the end of the promo period. 5. Rewards will be credited to the winners’ Coins.ph wallet within fifteen (15) working days after the end of the promo period. 6. Any disputes concerning the conduct of this Promotion will be resolved by Coins.ph at its sole discretion. 7. Users engaged in API trading, operating sub-accounts, classified as KYB institutional users, or identified as market maker accounts are excluded from eligibility. 8. By participating in this Promotion, participants agree to abide by these Terms and Conditions. 9. Coins.ph reserves the rights to disqualify and exclude users who are involved in any dishonest or fraudulent behaviors (i.e wash trading, illegally bulk registered accounts, market manipulation)
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