Announcements Gate Research: USDC Usage on Ethereum Hits All-Time High | Hong Kong Monetary Authority Advances Basel Crypto Asset Capital Rules

Gate Research: USDC Usage on Ethereum Hits All-Time High | Hong Kong Monetary Authority Advances Basel Crypto Asset Capital Rules

2025-08-25 06:53:24 UTC 48299 Read

[//]:content-type-MARKDOWN-DONOT-DELETE![](https://gimg2.gateimg.com/image/ann_en_20250825_143920_5785b0ef474ad856964d8e4797942093.webp)

* Market Review: On August 25, BTC was trading around $112,800, remaining in a downward consolidation trend. ETH entered a short-term consolidation phase, currently in a tug-of-war between key support and resistance levels.
* Trending Tokens: NEON EVM surged after introducing EVM compatibility on Solana and gaining traction from fintech companies, breaking out of long-term consolidation with a daily increase of 46.89%. QTUM broke through after extended sideways trading, rising over 33% within 24 hours. Meanwhile, NEO boosted market confidence with upgrades such as ZK Trust Relay, pushing prices higher, breaking past previous resistance, and achieving a 10.67% gain.
* Alpha Insights: USDC usage on the Ethereum network hit an all-time high, with monthly transaction volume reaching $748.3 billion. The Hong Kong Monetary Authority will implement Basel crypto asset capital requirements starting January 1, 2026. SBI Group has partnered with Chainlink to accelerate global institutional adoption of digital assets.

Explore today’s details → <a href="https://www.gate.com/learn/articles/gate-research-usdc-usage-on-ethereum-hits-all-time-high-hong-kong-monetary-authority-advances-basel-crypto-asset-capital-rules/11501" target="_blank">Gate Research: USDC Usage on Ethereum Hits All-Time High | Hong Kong Monetary Authority Advances Basel Crypto Asset Capital Rules</a>

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Gate Research: USDC Usage on Ethereum Hits All-Time High | Hong Kong Monetary Authority Advances Basel Crypto Asset Capital Rules

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