🚀 Crypto Weekly Roundup: BoFA Backs Stablecoins as Hulk Hogan & Ozzy Memecoins Go Viral

Wall Street wakes up to crypto—again. Bank of America just stamped stablecoins with institutional approval while meme culture hijacks the market with celebrity tokens. Here’s what’s moving the needle this week.

Stablecoins Get the BoFA Blessing

No longer the black sheep of finance, dollar-pegged tokens are now ‘critical infrastructure’ according to banking giants. TradFi’s slow embrace feels like watching your grandpa discover emojis—painful but inevitable.

Celebrity Memecoins: Cash Grab or Cultural Shift?

Hulk Hogan and Ozzy Osbourne tokens surged faster than a drunk fan at a meet-and-greet. Are these legit Web3 plays or just glorified autographs? Either way, they’re vacuuming up retail liquidity like a Vegas slot machine.

The Bottom Line

While banks cautiously wade into crypto’s shallow end, degens are doing cannonballs into the meme pool. One group’s hedging their bets—the other’s printing ‘digital collectibles’ with the seriousness of a monkey JPEG auction. Place your wagers.

Business

Bank of America (BofA) expects a significant rise in stablecoin supply and adoption as U.S. banks MOVE toward issuance, driven by new regulatory clarity and growing demand for tokenized finance.

Global remittance powerhouse Western Union is exploring the rollout of stablecoin services within its digital wallet infrastructure, signaling growing legacy interest in crypto following the passage of the GENIUS Act.

JPMorgan Chase is preparing to introduce crypto-backed loans in 2025, allowing clients to use Bitcoin and ethereum as collateral, a move that signals the bank’s cautious but strategic expansion into digital assets.

Square, a unit of Block Inc., has launched direct Bitcoin payment support for its merchant network, marking a major milestone in real-world crypto adoption.

Tesla’s Q2 profit surged to $1.2 billion, driven by a $284 million bitcoin gain and growing AI ventures, offsetting weaker vehicle sales amid evolving digital asset accounting standards.

FTX will begin its next round of creditor repayments on September 30, following a court-approved reduction in its claims reserve, potentially unlocking $1.9 billion for distribution.

Web3

Memecoins linked to metal legend Ozzy Osbourne and wrestling icon Hulk Hogan soared following their deaths in a rally driven by nostalgia and speculative trading. 

This guide covers six easy ways to mine Bitcoin and altcoins, focusing on platforms that offer automated cloud mining, low entry costs, and no hardware requirements.

Bitcoin.com casino has now rolled out a 1 BTC weekly challenge, with the top performer so far hitting an all-time high of 10860 points.

Security

As Bitcoin rises in popularity and value, cybercriminals are finding new ways of stealing it, and one of the most common threats, phishing, tricks users into giving sensitive information such as wallet passwords, seed phrases, or private keys.

Regulation

Ghana will begin licensing crypto platforms by September 2025 as it shifts from caution to regulation to better manage economic data, financial stability, and surging digital asset use.

The SEC has halted its own decision to approve the conversion of Bitwise’s 10 Crypto Index Fund into a spot exchange-traded fund (ETF), injecting fresh uncertainty into the regulatory landscape for digital asset products.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice