**Market Roundup – August 20th** 📰
**Wyoming Takes Center Stage:** The state of Wyoming launched its Frontier Stable Token, the first fully-reserved U.S. dollar stablecoin issued by a public entity, on seven blockchains.
**Central Bank Discord:** The July 2025 meeting from the Federal Reserve revealed dissent among policymakers, with Bowman and Waller advocating for rate cuts.
**SEC Delays & Regulatory Uncertainty:** The SEC has pushed back rulings on crypto ETFs, including XRP, Solana, and Truth Social’s Bitcoin-Ethereum fund, to October 2025. 🗓️
**Fed Speaks Out: Pro-Crypto Message:** Fed Vice Chair Michelle Bowman emphasized the importance of incorporating crypto into banking while urging for clear and tailored regulations.
**Active Investments & Market Shifts:** Ark Invest significantly invested in Bullish ( $21.2M) and Robinhood ( $16.2M) amid market decline, highlighting continued interest in crypto-adjacent assets.
**Whale Activity: Bitcoin Accumulation:** Bitcoin whales accumulated 20,000 BTC despite a 6.22% price drop to $114,971. 📈,
**Skybridge Capital’s Tokenization Plans:** SkyBridge Capital will tokenize $300M of its hedge funds on Avalanche using the ERC-3643 standard, partnering with Tokeny and Apex Group. 🚀
**Pump.fun Remains Strong: Memecoin Leader:** Pump.fun surpassed $800M in revenue, reclaiming the top spot as memecoin deployers return.
**Stay updated on the latest crypto news and market movements.**