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Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Coinbase & OKX Bring Crypto to A$2.8T Australian SMSFs

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Coinbase and OKX have launched dedicated crypto SMSF products targeting Australia’s A$2.8 trillion superannuation market. Focusing on self-managed super funds (SMSFs), both exchanges report strong demand: Coinbase lists over 500 waitlisted investors planning to allocate up to A$100,000 each, while SMSF crypto holdings have jumped sevenfold to A$1.7 billion since 2021. Each platform offers accounting and legal support to streamline setup. Though there’s no minimum deposit, audit fees typically limit participation to larger funds. Generational trends show baby boomers adding digital assets to existing pensions, while younger investors establish crypto SMSF earlier. ASIC and the ATO warn of volatility risks and urge professional advice. These crypto SMSF products may reshape Australia’s superannuation landscape by driving long-term digital asset allocations.
Neutral
Australian SuperannuationSMSF cryptoCoinbaseOKXCrypto Adoption

RAK Properties Enables Crypto Payments for UAE Real Estate

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RAK Properties has launched crypto payments for UAE real estate transactions. With this crypto payments option, international buyers can pay with Bitcoin, Ethereum and Tether. Payments are converted into UAE dirhams via Hubpay before deposit. The initiative aims to simplify transactions, broaden global access and attract younger investors. Supported by clear regulation and tax-free crypto profits, this move highlights growing crypto adoption in Abu Dhabi’s real estate market. RAK Properties reported a 39% rise in net profit to AED 281 million and plans 12 new projects by 2025. Chainalysis data shows retail crypto transactions in the UAE rose 75% year-on-year. Industry experts predict crypto will become the country’s second-largest sector within five years.
Bullish
crypto paymentsUAE real estateBitcoinEthereumTether

Whale Rotates 2,000 BTC Into 48,942 ETH, Boosting Ethereum

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On-chain data shows a Bitcoin OG whale sold 2,000 BTC (≈$215M) to buy 48,942 ETH, raising its Ethereum holdings to 886,371 ETH (≈$4.07B). This accelerated BTC-to-ETH rotation underscores strong whale and institutional confidence in Ethereum’s long-term value, fueled by DeFi growth, staking yields and network adoption. ETH now trades near $4,414, consolidating between the 200-day SMA support at $4,220 and the 50/100-day resistance around $4,460. A break above $4,500 could propel ETH toward $4,600–$4,800, while a drop below $4,300 risks a pullback to $4,200. Shrinking exchange reserves and large whale accumulation reinforce a bullish Ethereum outlook. Traders should monitor key moving averages, liquidity levels and whale activity for potent entry and exit signals.
Bullish
BitcoinEthereumWhale AccumulationCapital RotationOn-Chain Data

Metaplanet Dilution Grows as Bitcoin Funding Slows

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Metaplanet’s share price has plunged more than 50% since June after its Bitcoin-funding “flywheel” lost momentum, cutting its market cap premium over its BTC holdings from 8× to roughly 2× and stoking dilution fears. To finance further Bitcoin accumulation—from 18,991 to 20,000 BTC year to date—Metaplanet plans an $880 million overseas share offering and seeks to issue up to 555 million preferred shares (capped at 25% of BTC holdings, 6% dividends), potentially raising ¥555 billion ($3.8 billion). The firm aims for 30,000 BTC by year-end and 100,000 BTC by 2026. Inclusion in the FTSE Japan mid-cap index may offer support, but traders should watch how new equity issuance and the diluted Bitcoin premium affect Metaplanet’s stock and Bitcoin acquisition strategy. Bitcoin trades below $108,000 amid bearish signals and capital flows rotating to ETH.
Bearish
MetaplanetBitcoin accumulationShare dilutionFunding flywheelPreferred shares

Ahmedabad Court Hands Life Terms for 2018 BTC Extortion Plot

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Ahmedabad’s anti-corruption court has sentenced 14 individuals—including 11 serving and former police officers and a former BJP MLA—to life imprisonment in India’s most prominent Bitcoin extortion case. The defendants orchestrated the 2018 kidnapping of businessman Shailesh Bhatt to seize his recovered 752 BTC and $3.6 million in cash at a farmhouse near Gandhinagar. During the Bitcoin extortion, Bhatt was forced to surrender 176 BTC and ₹32 crore, and accomplices sold another 34 BTC under duress. After a trial supported by 173 witnesses, they were convicted under the Prevention of Corruption Act and IPC provisions, receiving life terms, hefty fines and asset forfeiture. Separate probes also target Bhatt for allegedly abducting BitConnect promoters to recover over 2,000 BTC and 11,000 LTC. This landmark verdict underscores intensifying legal scrutiny of digital asset crime and police corruption in India.
Neutral
Bitcoin extortionPolice corruptionCrypto crimeBTC kidnappingLegal scrutiny

Ethereum ETFs See $164M Outflows as ETH Dips Under $4.3K

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Ethereum ETFs recorded $164.64 million in net outflows on August 29, ending a six-day inflow streak as ETH slipped under $4,300 amid broader market correction. Monthly Ethereum ETF inflows cooled to $3.87 billion in August from July’s $5.5 billion, while weekly net inflows remained robust at $1.08 billion. Grayscale’s Ethereum Mini Trust (ETHE) led outflows with $61.3 million, followed by Fidelity’s FETH ($51 million), Grayscale ETHE ($28.6 million) and Bitwise ETHW ($23.7 million). Bitcoin ETFs also saw withdrawals of around $126 million, reflecting risk-off sentiment across crypto funds. On-chain data show treasury firms hold about 4.44 million ETH (3.67% of supply), valued near $19.3 billion. A major Bitcoin whale converted more than $3 billion in BTC to roughly 691,358 ETH via Hyperliquid, signaling continued institutional demand beyond short-term ETF volatility. Traders should monitor daily ETF flows, treasury balances, whale movements and macro catalysts such as Federal Reserve rate decisions to gauge ETH price direction.
Bearish
Ethereum ETFETF FlowsETH PriceWhale AccumulationInstitutional Demand

Alex Spiro to Head $200M Dogecoin Treasury Firm

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Attorney Alex Spiro has been named chair of a proposed public crypto firm planning a $200 million Dogecoin treasury. Backed by House of Doge—the corporate arm of the Dogecoin Foundation—the crypto treasury firm aims to list on a stock exchange through a standard equity vehicle that provides investors with exposure to DOGE without direct token ownership. Now in the investor pitch stage, the company has not disclosed its structure or launch timeline, and Elon Musk’s exact role remains unconfirmed. Dogecoin is trading around $0.213, down over 10% in the past week. This move follows Bit Origin’s $500 million Dogecoin treasury in July 2025 and reflects a broader trend of public companies adding digital assets to their treasuries. Since January 2025, 184 firms have announced nearly $132 billion in crypto acquisitions, underscoring growing institutional demand. Institutional capital could reshape market sentiment around Dogecoin and influence price stability.
Bullish
DogecoinDogecoin TreasuryAlex SpiroHouse of DogeInstitutional Investment

CFTC’s FBOT Guidance Opens Offshore Crypto to US Traders

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The U.S. Commodity Futures Trading Commission (CFTC) has issued FBOT guidance enabling American traders to legally access select offshore crypto exchanges, including Binance, OKX and Bybit, under a new foreign board of trade (FBOT) framework. This CFTC FBOT guidance establishes licensing, compliance and risk-control standards aligned with U.S. rules, aiming to reconnect U.S. markets with deeper global liquidity pools and bolster Bitcoin (BTC) and Ether (ETH) derivative trading. With U.S.-listed Bitcoin ETFs posting $5–10 billion in daily volumes and centralized spot volumes peaking at $18 billion for BTC and $11 billion for ETH, the policy seeks to narrow ETF-spot price gaps. Exchanges must complete registration steps and meet ongoing requirements, while traders should assess counterparty, custody and jurisdictional risks. Market participants await detailed CFTC rules and implementation timelines.
Bullish
CFTC FBOT GuidanceOffshore Crypto ExchangesUS Crypto RegulationGlobal LiquidityBitcoin & Ethereum

DOC Publishes U.S. GDP Data on Nine Blockchains

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In August 2025, the U.S. Department of Commerce (DOC) began publishing its July 2025 GDP data on nine major blockchains, hashing official figures on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), TRON (TRX), Stellar (XLM), Avalanche (AVAX), Arbitrum One (ARB), Polygon PoS (MATIC) and Optimism (OP). The DOC uses Pyth and Chainlink oracles to ensure immutability, broad on-chain coverage and real-time access via exchanges including Coinbase, Gemini and Kraken. This GDP data publication enhances transparency, data security and independent verification, lowers trust costs and solidifies U.S. leadership in blockchain innovation. Future plans include adding unemployment and other economic indicators, partnering with more blockchain networks and oracles, and integrating on-chain macro data into traditional finance and DeFi.
Bullish
U.S. GDP DataBlockchainChainlinkPythOn-chain Oracles

JPMorgan Values Bitcoin at $126K as Volatility Nears Gold

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JPMorgan analysts led by Nikolaos Panigirtzoglou argue that Bitcoin is significantly undervalued relative to gold. Using a volatility-adjusted model, they estimate a Bitcoin fair value of $126,000—about 13% above current levels. The bank highlights that Bitcoin’s six-month rolling volatility has halved from 60% to a record low near 30%, now just twice that of gold. Institutional investment is cited as the main driver. Corporate treasury purchases have exceeded 6% of Bitcoin’s supply, acting as a “Bitcoin central bank” and reducing circulating tokens. The launch of spot Bitcoin ETFs has boosted fund assets under management (AUM) to roughly $150 billion, closing in on the $180 billion held in gold funds. Recent corporate moves strengthen the trend. Japan’s Metaplanet joined the FTSE Japan and FTSE All-World indexes, while Nasdaq-listed Kindly MD has acquired $679 million in Bitcoin and plans up to $5 billion more. Technically, Bitcoin needs to surpass $117,570 to flip mid-term bearish sentiment, even as long-term indicators stay bullish. With lower volatility, clearer regulation and growing ETF adoption, JPMorgan says Bitcoin’s digital gold narrative is becoming reality, suggesting substantial upside ahead.
Bullish
BitcoinJPMorganVolatilityInstitutional InflowsSpot Bitcoin ETF

SEC, FINRA Probe Crypto Treasury Pre-Disclosure Trading

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U.S. regulators have launched probes into unusual trading ahead of corporate crypto treasury disclosures. The SEC and FINRA sent inquiry letters to over 200 companies with digital asset treasury (DAT) plans. They detected sharp stock gains and volume spikes before public announcements. The SEC cited potential breaches of Regulation Fair Disclosure, which bans selective disclosure. FINRA letters often mark the start of insider trading investigations, though no enforcement actions are confirmed. Lawyers warn that leaks can disrupt crypto treasury pricing and execution. Despite heightened scrutiny, the crypto treasury trend is expanding. Architect Partners data shows 212 companies announced DAT strategies targeting ADA, AVAX and SOL. Leading treasuries continue to accumulate BTC and ETH. BitMine’s ETH holdings surpassed 2 million, and Strategy added 850 BTC this week. Traders should monitor regulatory developments as past crypto treasury disclosures have triggered volatile stock and bitcoin swings.
Bearish
SEC ProbeFINRA InvestigationCrypto TreasuryRegulation FDInsider Trading

Bitcoin Fear & Greed Index Drops to 33 After Peaking at 55

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The Bitcoin Fear & Greed Index surged to 55 on September 14, driven by rising volatility and trading volume, before plunging to a low of 28. By September 27, it had edged back up to 33, although overall sentiment remains in the fear zone. This index—scaled 0–100—combines market volatility, trading volume, social media hype, market surveys, BTC dominance and Google Trends. The mid-September peak signaled growing trader confidence and short-term buying interest, while the late-month dip reflects cautious positioning amid a weekly average of 48. Crypto traders can use the Bitcoin Fear & Greed Index as a sentiment overlay to fine-tune portfolio exposure, liquidity strategies and entry points. Monitoring shifts in volatility and social metrics helps assess momentum and market risk appetite.
Neutral
Fear & Greed IndexMarket SentimentVolatilityTrading VolumePortfolio Strategy

UK Banks Launch Digital Pound Pilot for Tokenised Sterling

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UK Finance and six major UK banks have launched a two-year digital pound pilot for tokenised sterling deposits, running until mid-2026. Powered by Quant Network’s QNT interoperability platform, the blockchain pilot will test programmable money in e-commerce payments, mortgage switching and wholesale bond settlements. This builds on the 2024 Regulated Liability Network trial with Citi, Mastercard, Standard Chartered and Visa, and follows the UK Treasury’s digital gilt (DIGIT) and LSEG’s Digital Markets Infrastructure launch. The pilot aims to modernise UK banking, reduce fraud, speed up transactions and pave the way for a regulated digital pound. Traders should watch for increased demand in token accounting and potential gains for interoperability tokens.
Bullish
Digital PoundTokenised SterlingProgrammable MoneyBlockchain PilotUK Banking

TeraWulf $3B Google-Backed Debt Bolsters AI Data Center Push

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TeraWulf has unveiled plans to raise $3 billion in debt financing, with Google underwriting the package through a potential $3.2 billion backstop. Morgan Stanley will lead the offering, which may include high-yield bonds or leveraged loans. Under the agreement, Google will commit an initial $1.4 billion, securing a 14% stake and becoming TeraWulf’s largest shareholder. The financing will support TeraWulf’s pivot into AI infrastructure, including a 10-year colocation deal with Fluidstack valued at $3.7 billion and hosting over 200 MW of liquid-cooled capacity. TeraWulf aims to diversify revenue streams by combining Bitcoin mining with third-party compute and AI workloads. This strategy has fueled a 90% year-to-date rally in TeraWulf’s stock ($WULF), reflecting bullish investor sentiment. However, traders should note the company’s high leverage—debt-to-equity ratio near 3× and negative interest coverage—which underscores execution risks and dependence on high-yield markets. The Google-backed debt financing and AI data center push could boost TeraWulf’s long-term growth prospects, but elevated debt levels may temper market stability in the near term.
Bullish
TeraWulfDebt FinancingGoogle BackstopAI Data CentersBitcoin Mining

Shanghai Hub to Boost Digital Yuan Trade, Payments

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China’s central bank has opened a new blockchain operations center in Shanghai to accelerate digital yuan adoption and improve cross-border payments. The hub integrates three platforms: a cross-border digital payments system, a blockchain service layer for unified on-chain payments and cross-chain data transfer, and a digital asset platform for tokenized services. These initiatives follow eight proposals by PBOC Governor Pan Gongsheng to develop China’s digital financial infrastructure and support yuan internationalisation. Experts say current digital yuan use remains limited to bilateral agreements and requires stronger trust and technical systems. The PBOC is also exploring yuan-backed stablecoins to extend currency reach and reduce reliance on the US dollar. If successful, the Shanghai hub could position the digital yuan as a global CBDC force and provide a government-backed alternative to private stablecoins. The center may also influence how other countries design and adopt their own central bank digital currencies.
Neutral
Digital YuanBlockchain HubCross-Border PaymentsCBDCTokenization

REX-Osprey ESK: First U.S. Ethereum Staking ETF Debuts on Cboe with Rewards

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The REX-Osprey ETH + Staking ETF (ticker ESK) launched on September 25, 2025 on the Cboe BZX Exchange as the first U.S. Ethereum staking ETF. Structured under the Investment Company Act of 1940 as a C corporation, ESK combines spot ETH exposure with monthly staking rewards by directly staking purchased Ethereum and distributing income evenly to shareholders. It opened with $625,000 in assets under management and 25,000 shares outstanding. Joining existing Solana (SOL), Dogecoin (DOGE) and XRP (XRP) ETFs on Cboe, this Ethereum staking ETF removes technical barriers and lock-up risks, offering a passive income stream for institutional and retail investors. Launched with ETH trading below $4,000, ESK’s transparent pricing and regulated ETF wrapper could drive new inflows into Ether, boosting demand and staking adoption in the U.S. Other issuers are awaiting SEC approval to add staking features to spot crypto ETFs, marking a milestone that may enhance market stability and trader confidence.
Bullish
Ethereum Staking ETFCrypto ETFCboe BZXStaking RewardsPassive Income

WLFI Greenlights 100% Buyback & Burn, Unveils Debit Card

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World Liberty Financial (WLFI), a Trump family–backed DeFi project, has approved a 100% buyback and burn proposal. The governance vote passed with 99% support, directing liquidity fees from Ethereum (ETH), BNB Chain (BNB) and Solana (SOL) pools to repurchase WLFI tokens. These tokens will be permanently burned to reduce circulating supply and ease selling pressure after WLFI’s 60% drop to $0.18. Analysts, led by Captain Faibik, predict a 25% price rally following the buyback and burn. All buyback transactions will be transparent on-chain. Beyond the token burn, WLFI is launching a debit card with Apple Pay support and a retail payments app tied to its USD1 stablecoin. A new partnership with South Korea’s Bithumb exchange will expand market access. These product rollouts and the Bithumb partnership aim to boost WLFI’s ecosystem, increase token utility and attract new investors. Traders should monitor on-chain buyback activity and token supply changes as combined supply reduction and new features could underpin bullish momentum for WLFI.
Bullish
WLFIbuyback & burntoken burndebit cardpayments app

BlackRock Files for Covered-Call Bitcoin Premium Income ETF

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BlackRock has filed with the SEC to launch the iShares Bitcoin Premium Income ETF, a new crypto yield product using a covered-call strategy on Bitcoin futures. The fund will sell Bitcoin call options to distribute option premiums, offering regular distributions to yield-seeking institutional and retail investors while capping potential upside in Bitcoin price. This follows the success of BlackRock’s iShares Bitcoin Trust (IBIT), which holds over $87 billion in assets and controls roughly 60% of the U.S. spot Bitcoin ETF market. IBIT generated $218 million in annual revenue from Bitcoin products and $42 million from Ethereum funds, and BlackRock now holds over 706,000 BTC (valued at $71 billion) and 3.8 million ETH. Analysts including Bloomberg’s Eric Balchunas highlight BlackRock’s deepening focus on BTC and ETH, while Onchain Foundation’s Leon Waidman points to the firm’s crypto business as a significant profit center. The new Bitcoin Premium Income ETF could bridge Wall Street capital into crypto markets, strengthening demand for Bitcoin and setting the stage for future covered-call strategies and altcoin ETFs. SEC’s recent openness to new crypto products and a generic listing standard may expedite approval.
Bullish
Bitcoin Premium Income ETFCovered-Call StrategyBlackRockCrypto YieldInstitutional Adoption

Cloudflare NET Dollar Powers AI Agent Microtransactions

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Cloudflare’s USD-backed NET Dollar stablecoin delivers real-time settlement and programmable payments for autonomous AI agents. Fully collateralized 1:1 with USD, Cloudflare NET Dollar supports global interoperability and high-frequency microtransactions on its global edge network. The token’s programmable payments automate tasks like ticket booking, cross-border transfers, and content monetization, enabling AI firms to pay creators instantly. CEO Matthew Prince says NET Dollar will shift web business models from ad-driven to usage-based microtransactions. The launch aligns with Google’s open-source AI payments initiative supported by Coinbase, highlighting growing demand for programmable stablecoins in the AI economy.
Neutral
Cloudflare NET DollarStablecoinAI Agent PaymentsProgrammable PaymentsMicrotransactions

BitMEX Tokyo migration reduces latency and deepens liquidity

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BitMEX Tokyo migration reduces latency for Asia-Pacific traders and strengthens market liquidity across perpetual contracts. On August 23, BitMEX completed a seamless data infrastructure switch from AWS Dublin to the AWS Tokyo data center in just 10 minutes, restoring full service within an hour. Average liquidity depth for nine perpetual contracts rose by over 185%, with ETHUSDT up 402%, and new tokens like PEPEUSDT and SOLUSDT surging over 10,000%. Order book and end-to-end latencies also dropped significantly. CEO Stephan Lutz called the BitMEX Tokyo migration a strategic leap toward an institution-grade trading experience. The upgrade is set to attract more market makers and improve execution speeds for BitMEX clients in the Asia-Pacific region. This migration positions BitMEX for further performance optimizations and deeper market access. Traders can expect faster execution, tighter spreads, and higher liquidity on XBTUSDT, ETHUSDT, and other major perpetual contracts.
Bullish
BitMEXAWS Tokyolatency reductionmarket liquidityperpetual contracts

Crypto ETF Outflows Surge to $505M, Pressuring BTC & ETH

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In late September, crypto ETF flows turned sharply negative, with major Bitcoin and Ethereum funds recording substantial outflows across two key sessions. On September 22, Bitcoin ETFs saw $363.2M withdrawn and Ethereum ETFs $75.9M, totaling $439.1M. Three days later, on September 25, Bitcoin ETFs recorded a $253.4M net outflow while Ethereum ETFs added $251.2M, bringing combined outflows to $504.6M—among the largest single-day withdrawals this year. These crypto ETF outflows reflect weakening investor demand and bearish market sentiment. Traders should monitor ETF flows closely as indicators of liquidity and potential downward pressure on BTC and ETH prices amid ongoing market uncertainty.
Bearish
ETF flowsCrypto ETF outflowsBitcoin ETFsEthereum ETFsMarket sentiment

U.S. Spot ETH ETF Outflows Hit Four Days, $251M Pulled

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U.S. Spot ETH ETFs logged net outflows for four straight days. On Sept. 24, funds shed $79.4 million. The following day they pulled another $251.2 million. Fidelity’s FETH and BlackRock’s ETHA led redemptions. Investors cite market volatility, profit-taking, regulatory uncertainty and asset rotation as key drivers. Prolonged ETF outflows could force providers to sell underlying ETH, adding downward pressure on price. Looking ahead, clearer U.S. regulations and Ethereum network upgrades could reverse outflows, supporting long-term institutional integration. Traders should track Spot ETH ETF flows, U.S. regulatory updates and on-chain metrics for signs of renewed demand.
Bearish
Spot ETH ETFEthereumETF OutflowsInstitutional SentimentRegulatory Uncertainty

Ruvi AI Presale Tops $4M, Draws Tron Comparisons as Super App

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Since its crypto presale launch, Ruvi AI (RUVI) has surpassed $4 million in funding, up from $3.7 million, with over 285 million tokens sold to more than 3,900 holders. Targeting the $104 billion creator economy, Ruvi AI offers an all-in-one super app for trend research, AI-powered script generation, native media creation and streamlined workflows. The project completed a CyberScope smart contract audit and secured a CoinMarketCap listing to boost credibility. Phase 3 tokens are priced at $0.02 (20% sold) and will increase 40% to $0.028 in Phase 4, fuelling FOMO among investors. A tiered VIP program delivers up to 100% bonuses, while a partnership with WEEX exchange ensures future liquidity. Analysts liken Ruvi AI to Tron’s early growth, forecasting bullish momentum and significant returns for traders.
Bullish
Ruvi AICrypto PresaleCreator EconomySuper AppTron

HashKey Launches $500M Digital Asset Treasury Fund

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HashKey Group has launched a perpetual, multi-currency Digital Asset Treasury (DAT) fund in Hong Kong with an initial target of over $500 million in subscriptions. The DAT fund offers continuous subscriptions and redemptions, institutional-grade custody, robust governance and transparent reporting. It will allocate capital first to Bitcoin and Ethereum ecosystem projects, integrating on-chain investment with operational support for 24/7 liquidity. Backed by HashKey’s record—600+ blockchain company investments, $173 million on-chain assets on HashKey Chain and Hong Kong spot crypto ETFs—the fund aims to bridge traditional finance and digital asset markets, meeting rising corporate and institutional demand for regulated crypto treasury solutions.
Bullish
HashKeyDigital Asset TreasuryCrypto TreasuryBitcoinEthereum

Ripple RLUSD Integrates with BlackRock & VanEck Funds

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Ripple has partnered with Securitize to integrate its institutional stablecoin RLUSD with BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s VBILL tokenized US Treasury fund. This integration allows holders to redeem shares for RLUSD on Ethereum 24/7, with support on the XRP Ledger coming soon. RLUSD is issued under a NYDFS trust charter with 1:1 USD backing, strict reserve management, and third-party attestations. Since late 2024, RLUSD’s market cap has topped $700 million and seen uptake in DeFi and cross-border payments. Ripple executives describe the move as a step toward programmable, compliant on-chain liquidity, enhancing collateral mobility for trading, lending, repo, and treasury operations. BlackRock’s Maxwell Stein will discuss tokenized assets at Ripple Swell 2025, underscoring institutional momentum. At press time, XRP traded at $2.88.
Bullish
RLUSDStablecoinTokenized FundsBlackRock BUIDLVanEck VBILL

Morgan Stanley to Launch Bitcoin Trading on E*Trade in H1 2026

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Morgan Stanley will launch Bitcoin trading on its E*Trade platform in the first half of 2026, partnering with fintech unicorn Zerohash to provide custody, liquidity and settlement services. E*Trade’s 5 million retail clients will gain access to Bitcoin trading, as well as Ethereum and Solana. Zerohash, backed by Morgan Stanley and led by an Interactive Brokers–led $104 million funding round that valued it at $1 billion, will power the infrastructure. Morgan Stanley is also developing a digital asset wallet and exploring blockchain applications such as tokenization and distributed ledger technology. Wealth advisors can already recommend spot Bitcoin ETFs, and the bank is evaluating stablecoin custody. This Bitcoin trading debut intensifies competition with Robinhood and Charles Schwab, marking a significant push into the $4 trillion digital assets market to meet rising retail demand and broaden its wealth management services.
Bullish
Bitcoin TradingE*TradeDigital AssetsZerohashCrypto Wallet

Curve DAO Approves $60M crvUSD Credit Line for Bitcoin Pools

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On 25 September 2025, Curve DAO approved a $60 million crvUSD credit line to boost Bitcoin-focused DeFi pools via Yield Basis. The crvUSD facility funds three Ethereum pools—WBTC, cbBTC and tBTC—each capped at $10 million. Yield Basis uses an automated market maker model to eliminate impermanent loss and generate DeFi yields on BTC. Some DAO members raised concerns over missing third-party risk reviews, lack of TVL caps and incomplete tokenomics. Founder Michael Egorov highlighted six completed audits (with a seventh underway) and an emergency stop via Curve’s multisig, placing exploit liability on Yield Basis. This move deepens crvUSD integration across Curve’s ecosystem and could drive new fee flows for veCRV holders. Traders can expect improved Bitcoin-backed liquidity pools, emerging yield products and broader crvUSD adoption. Monitor upcoming audit results and liquidity metrics to gauge performance.
Neutral
crvUSDCurve DAOYield BasisBitcoin liquidity poolsDeFi yields

Naver to Buy Upbit Parent Dunamu and Issue KRW Stablecoin

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Naver has proposed a share-swap deal to fully acquire Dunamu, the operator of Upbit, making it a wholly-owned unit of Naver Financial. The integration will merge Upbit’s $29 billion daily trading volume with Naver Pay’s 30 million users. Naver also plans to issue a KRW-backed stablecoin under upcoming virtual asset regulations. The deal, pending regulatory approval, aims to create a unified Asia digital finance ecosystem combining payments, e-commerce, traditional finance and crypto trading via Naver Pay and Line. The announcement sent Naver shares up over 11% intraday, reflecting strong market optimism. Possible delays in stablecoin issuance could push launch to 2027. Traders should watch for regulatory developments and synergy impacts on Naver’s crypto strategy.
Neutral
NaverUpbitKRW StablecoinCrypto ExchangeDigital Finance