Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

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.

Ethereum liquidation surged on September 25 as ETH price slipped below $4,000, triggering over $100 million in leveraged position liquidations within minutes. On Hyperliquid, whale address 0xa523 faced a forced liquidation of its entire 9,152 ETH long position at roughly $3,983, realizing more than $45.3 million in losses and shrinking its account balance to under $500,000. This Ethereum liquidation event underscores the risks of high leverage and whale liquidations in volatile conditions. On-chain data shows total long liquidations exceeded $90 million. Analysis firm AInvest reports a 73% correlation between whale activity and short-term ETH price swings, suggesting that large leveraged positions can amplify crypto market risk. Traders note that U.S. government shutdown concerns and a flight to safe-haven assets intensified selling pressure, contributing to the sharp ETH price drop. Despite this sell-off, some analysts remain bullish on Ethereum, projecting a rebound to $8,000–$12,000 by year-end and viewing the event as a necessary deleveraging test.

Bastion, founded in 2023 by former a16z crypto executives, has raised $14.6 million in a strategic round led by Coinbase Ventures, bringing total funding above $40 million. Sony Innovation Fund, a16z Crypto, Samsung Next and Hashed also participated. Bastion holds an NYDFS trust charter and offers a compliance-first stablecoin infrastructure platform that integrates issuance, custody, liquidity and reserve management with fiat on/off ramps. Coinbase CBO Shan Aggarwal calls this stablecoin infrastructure the “bedrock” for scalable institutional products. With Morgan Stanley forecasting growth of the stablecoin market from $300 billion to over $2 trillion by 2028, Bastion plans to scale its compliance-led infrastructure to meet rising enterprise demand for stablecoin infrastructure in payments, settlements and treasury functions.

Lyno AI presale launched $LYNO at $0.05 per token in its stage-1 launch, below the stage-2 price of $0.055. The AI-driven cross-chain arbitrage engine operates across 15+ networks, including Ethereum, Polygon and Solana. Trades execute in 1ms and leverage flash loans. Early buyers snapped up 742,543 LYNO, raising $37,127. Tiered pricing climbs to $0.10. Audited by Cyberscope, Lyno AI presale features deflationary tokenomics with 30% buybacks and a 30% fee share for stakers. Purchases over $100 enter a 100,000-token giveaway to 10 winners. Analyst Willy Woo projects up to 4500% ROI in Q4, compared with Solana’s expected 113% growth. A prior projection saw a 350x return to $17.50. This presale could boost demand and positions Lyno AI as a DeFi rival to layer-1 networks.

Tether Treasury has minted 1 billion USDT on Ethereum at 10:22 UTC+8. The tranche, valued at about $1.00345 billion, raises the circulating USDT supply. This issuance underscores Tether’s liquidity management amid market fluctuations. Traders should monitor USDT circulation changes. Large-scale minting can influence stablecoin dynamics and overall market liquidity. Ethereum remains the main chain for USDT transfers, highlighting its key role in DeFi and trading operations.

Hyperliquid has launched its native USDH stablecoin on the HyperEVM chain after a validator vote on September 14 that selected Native Markets as the reserve manager. The USDH stablecoin is collateralized by cash and U.S. Treasuries, with reserves tokenized via Stripe’s Bridge. Traders can mint USDH through its USDC pair, which saw nearly $2 million in volume in its first days. As Hyperliquid’s on-chain unit of account and collateral, USDH stablecoin aims to retain liquidity and yield within the DeFi derivatives ecosystem, reducing reliance on external tokens. The stablecoin issuance attracted bids from Paxos, Frax Finance (FRAX), Curve (CRV) and other issuers, with Native Markets committing to split reserve income between HYPE token buybacks and ecosystem funding. Despite scrutiny from Dragonfly’s Haseeb Qureshi over governance fairness, Native Markets secured over two-thirds of votes. In the week following launch, Hyperliquid’s HYPE token dipped about 7%. Meanwhile, competition from Aster on BNB Chain has intensified, with daily perpetual trading volumes reaching $30 billion versus Hyperliquid’s $10 billion. Traders should monitor governance reports, liquidity metrics and derivatives volumes to gauge USDH adoption and its impact on market dynamics.

Onchain Lens data shows a crypto whale has made two major USDC deposits into the HyperLiquid platform to acquire HYPE tokens over the past nine months. The first 2.8 million USDC purchase secured 52,020 HYPE at an average price of $53.96, boosting its staked HYPE holdings to 420,556 tokens valued at $22.72 million. Nine months later, the whale injected another 6 million USDC to buy 285,466 HYPE—now valued at $12.99 million with an unrealized gain of $7.16 million—and still holds 2.06 million USDC for further HYPE buys. This sustained HYPE accumulation highlights growing institutional interest, potential liquidity tightening on HyperLiquid and bullish momentum. Traders should monitor HYPE price action, whale on-chain flows, staking ratios, platform liquidity and USDC inflows for signs of market sentiment shifts and possible price movements.

AML Software has filed a federal lawsuit against Athena Bitcoin Global Inc., Taproot Acquisition, PSBC and CEO Jordan Mirch in Florida’s Southern District, alleging a fraudulent scheme to steal the proprietary source code running nearly 3,000 Bitcoin ATMs. According to the complaint, Mirch used false representations to acquire SandP Solutions’ 2,800 ATMs amid regulatory and financial pressures, then collaborated with Athena Bitcoin to transfer both hardware and software without a valid license. AML Software asserts that the code was never sold or licensed and accuses the defendants of copyright infringement, trade secret theft and unlawful conduct. The lawsuit challenges a recent $9 million settlement in which Athena Bitcoin claimed immediate ownership of the ATMs and source code. AML Software seeks an injunction to halt any further distribution of the stolen software and compensation for its losses. This case follows separate litigation in Washington, D.C., over alleged predatory fees on elderly ATM customers. If successful, the suit could set important precedents for software licensing and intellectual property protection in the Bitcoin ATM industry. Traders should monitor potential regulatory scrutiny and legal liabilities around ATM code security, as heightened enforcement may impact network uptime and operational costs for ATM operators.

FTT surged dramatically after a surprise “gm” tweet from Sam Bankman-Fried’s X account, managed by a friend. Within hours, FTT trading volume spiked and the token jumped 30% in early trading, peaking near 60% gains. At press time, FTT trades at $0.97, up 18% over 24 hours with a $319 million market cap and $79 million daily volume. The rally coincides with FTX’s third creditor repayment round on September 30, fueling speculation that estate repayments are driving the price surge. Traders on Crypto Twitter reacted with both amusement and skepticism, highlighting how sentiment can outweigh fundamentals. Short-term momentum remains bullish. Traders should monitor FTT volatility, repayment updates and SBF account activity for further triggers.

Spot Bitcoin ETF outflows accelerated over two days, with investors pulling $467 million from 12 U.S. spot Bitcoin ETFs. Fidelity’s FBTC led withdrawals with $75.6 million, followed by ARK 21Shares’ ARKB ($27.9 M) and Bitwise’s BITB ($12.8 M). In contrast, Invesco’s BTCO and BlackRock’s IBIT recorded inflows of $10 M and $2.5 M. Despite these redemptions, US spot Bitcoin ETFs still show over $3 billion in net inflows for September. The outflows coincided with a $1.7 billion on-chain liquidation event that drove Bitcoin’s price below $112,000 to lows around $111,369. Renewed hawkish signals from the Federal Reserve dimmed hopes for early rate cuts and dampened risk appetite. Traders reduced exposure amid the price slide. Analysts warn that Bitcoin must hold support at $110,000 to prevent further declines. A break below this level could trigger a drop toward $70,000. Conversely, a rebound above $118,000 is seen as key to reigniting bullish momentum. Market participants should closely monitor ETF flows, on-chain liquidations and Fed policy updates. These indicators will be critical for managing volatility and risk in the current trading environment.

US Senators Cynthia Lummis and Kirsten Gillibrand have introduced a market structure bill to establish crypto ATM oversight and curb rising ATM fraud. The proposal addresses a regulatory gap in digital asset regulation by targeting self-service terminals. It cites FBI data showing 11,000 complaints and $246 million lost to Bitcoin ATM scams in 2024, and a Wyoming case where seniors lost $645,000. The bill mandates federal safeguards, operator reporting requirements, and minimum consumer protections. The Senate Banking Committee will vote on the legislation this month, aiming for enactment by 2026 to boost consumer confidence and standardize crypto ATM oversight.

Jiuzi Holdings has approved a $1 billion crypto treasury under its new Crypto Asset Investment Policy. The plan will acquire Bitcoin (BTC), Ethereum (ETH) and BNB, with any further diversification subject to board Risk Committee approval. The crypto treasury is led by new COO Dr. Doug Buerger, a seasoned crypto expert. A newly formed Crypto Asset Risk Committee chaired by CFO Huijie Gao will oversee the policy. All holdings must be secured via third-party custody. With an $89 million market cap, just $943 000 in cash and equivalents and a $55 million fiscal net loss, Jiuzi may fund purchases through convertible notes, PIPE placements or debt facilities. Shares spiked 47% intraday to $2.38 before retracing amid execution concerns. Traders should watch SEC filings, committee updates and financing details. Executives frame crypto assets as long-term value stores and macro hedges.

Changpeng Zhao (CZ) publicly rejected a Financial Times report, calling its claims of external fundraising for YZi Labs “fake” and FUD. He clarified that YZi Labs—rebranded from Binance Labs—is fully independent and not seeking outside capital. CZ highlighted that his 2022 plea involved a single BSA violation over anti-money-laundering (AML) controls, not money laundering or misappropriation of user funds. Ella Zhang, Head of YZi Labs, criticized the FT interview as misleading and emphasized that only YZi Labs’ portfolio companies may seek external investments. YZi Labs now manages a multibillion-dollar portfolio spanning crypto, AI and biotech, backing over 250 startups. Market data from Santiment shows BNB sentiment remained positive throughout the coverage, with the token reclaiming the $1,000 level. These clarifications have helped limit any negative impact on trader confidence and BNB’s market outlook.

Franklin Templeton has expanded its BENJI real-world asset tokenization platform to BNB Chain. The platform was first launched on Ethereum, Avalanche and other blockchains for the Franklin OnChain U.S. Government Money Fund (FOBXX), securing $732 million in assets. Following a strategic partnership with Binance, U.S. Treasury securities are now tokenized as BENJI tokens on BNB Chain. Users can earn around 4.5% APY and enjoy one-day settlement in Binance USD (BUSD). By leveraging BNB Chain’s low fees and high throughput, the move aims to democratize access to U.S. sovereign debt. This expansion enhances DeFi liquidity and fractional ownership of money market funds. The development underscores the trend of real-world asset tokenization, despite ongoing regulatory uncertainties.

Kazakhstan’s National Bank has launched Evo, a tenge-backed Solana stablecoin, through its digital asset regulatory sandbox. The pilot is issued by Intebix in partnership with Eurasian Bank and Mastercard. This Solana stablecoin aims to test real-world use cases in Kazakhstan’s financial ecosystem and improve payment infrastructure. The Solana stablecoin leverages Solana’s high-throughput, low-latency blockchain to enable fast payments, crypto-fiat gateways, digital asset swaps and crypto card transactions. Mastercard will integrate Evo with global stablecoin issuers to support cross-border payments and international settlement. Separately, Solana signed an MoU with Kazakhstan’s Ministry of Digital Development to create a blockchain economic zone. The National Bank provides the legal framework but remains hands-off on direct issuance. The project explores virtual currency market dynamics, boosts financial inclusion and could shape future crypto payment policies. The launch comes amid a global wave of stablecoin adoption, from South Korea’s talks with Circle and Tether to Standard Chartered’s Hong Kong license plan and Citigroup’s $1.6 trillion market forecast by 2030. Traders should watch SOL network activity for bullish signals.

Ozak AI’s OZ presale has climbed from $0.001 to $0.012 across four stages, raising $3.4 million as 916 million tokens sold. The current stage price is $0.012, set to rise to $0.014 in stage five, with a $1 target at listing. Crypto whales are quietly accumulating OZ ahead of launch. Ozak AI’s audited DePIN network powers the Ozak Stream Network, delivering low-latency, high-resilience cross-chain data feeds and AI-driven analytics for over 100 blockchains. Partnerships with Pyth, Dex3, SINT, Hive Intel, and Weblume boost real-time financial feeds, DeFi integration, and no-code development. Staking, governance, and the Rewards Hub offer additional yield and governance benefits. Upcoming listings on CoinMarketCap and CoinGecko, plus a $1 million giveaway, support adoption. Strong demand in this OZ presale and growing whale interest underline bullish sentiment for crypto traders.

At the JPMorgan India Investor Conference, CEO Jamie Dimon warned that additional Fed rate cuts beyond September’s 25 bp reduction are unlikely until U.S. inflation falls below 3%, above the Fed’s 2% target. Markets had priced in further easing, but Dimon and several Fed officials now doubt deeper rate cuts this year. On stablecoins, Dimon said he is not particularly worried about stablecoins threatening banks and views stablecoins as legitimate payment tools. He sees opportunities for banks to offer custody and treasury services for digital dollar reserves. The stablecoin market has surged from $4 bn in 2020 to $285 bn today and could handle $1 tn in annual payments by 2030 under GENIUS Act oversight. Crypto traders should note that Fed rate cut uncertainty may weigh on risk assets, while stablecoins’ growing mainstream acceptance could strengthen digital dollar adoption.

UXLINK has successfully completed a comprehensive smart contract audit of its redesigned Ethereum token, eliminating on-chain mint–burn functions and implementing a fixed-supply tokenomics model in line with its whitepaper. The audited contract is set to deploy on the Ethereum mainnet, restoring cross-chain interoperability through partner services. This milestone follows a Sept. 22 exploit that drained $11.3 million and minted up to 2 billion UXLINK via a delegateCall vulnerability, triggering a 70% price drop. Security firms, centralized exchanges and law enforcement froze assets for recovery; the attacker later lost 542 million UXLINK in a phishing scam. UXLINK has briefed major exchanges on its migration plan—most have pledged support or temporary trading suspensions to ensure a smooth emergency token swap. The team has also engaged regulators in South Korea’s DAXA, pledging transparency, compensation and compliance. Traders can expect reduced security risks, stable tokenomics and smoother market operations as UXLINK’s smart contract audit and token migration reinforce its commitment to DeFi security and protocol integrity.

Nine bipartisan U.S. lawmakers, led by Reps. French Hill and Ann Wagner, have urged SEC Chair Paul Atkins to implement President Trump’s August 7, 2025 executive order enabling crypto 401(k) plans. In a September 22 letter, they ask the SEC to work with the Department of Labor to clarify how participant-directed defined-contribution plans can add private equity, real estate and digital assets while safeguarding worker protections. The DOL’s withdrawal of its 2022 guidance on cautious crypto adoption leaves regulators neutral. With the U.S. defined-contribution market holding $12 trillion across over 90 million Americans, even a 1 percent crypto allocation could channel billions into crypto ETFs and digital assets. Enabling crypto 401(k) plans may democratize retirement savings, spur mass adoption, and boost indirect exposure via ETFs, though volatility, custody and valuation challenges pose legal and operational risks. Traders should watch for SEC rulemaking, DOL clarifications and the launch of compliant crypto wallet solutions.

XRP price continues its decline after breaching key supports at $2.92 and $2.90, trading below the 100-hour Simple Moving Average and confined by a bearish trend line around $2.92. Immediate support lies at $2.78 and a critical floor at $2.7150; a drop below $2.7150 could push XRP toward $2.65 and $2.60. Technical indicators reinforce this bearish outlook: the hourly MACD is in negative territory with rising bearish momentum, and the RSI remains below 50. On the upside, resistance levels to watch are $2.880, $2.90 and $2.95—only a decisive break above $2.90 could open the way to $3.00. Traders should monitor these support and resistance levels and indicator signals to gauge the next move for XRP.

21Shares’ Spot Dogecoin ETF has been registered on the DTCC, marking a key step toward SEC approval. The ETF will track Dogecoin’s spot price via a dedicated index and use Coinbase Custody Trust for custody. The SEC began reviewing the Form S-1 in mid-May, with a final decision expected by January 9, 2026. While SEC approval is not guaranteed, the DTCC listing boosts confidence that trading could start soon after sign-off. Institutional interest is on the rise: CleanCore Solutions added 100 million DOGE to its holdings, bringing total reserves to 600 million. Alex Spiro, legal counsel to Elon Musk, is forming a Dogecoin treasury company to manage $200 million in DOGE. Technical analysts identify a strong accumulation zone at $0.23–$0.25 and predict that a breakout above $0.30 could drive Dogecoin toward $0.38, $0.42 and even $0.50. At press time, DOGE traded near $0.241 amid moderate volume. Overall, the Dogecoin ETF and growing institutional investment underpin a bullish outlook for DOGE ahead of SEC approval.

Coinbase CEO Brian Armstrong forecasts Bitcoin at $1 million by 2030, citing key drivers behind this bold price prediction. He highlights Bitcoin’s fixed 21 million supply and the demand surge from growing retail and institutional adoption. The April 2024 halving event will cut new issuance in half, historically triggering rallies. Armstrong also points to recent US spot Bitcoin ETF approvals and ongoing Lightning Network upgrades, which enhance transaction speed and scalability. As fiat inflation pressures persist, Bitcoin’s role as an inflation hedge gains strength, supported by a demographic shift toward digital-native investors. Despite this bullish outlook, Armstrong warns traders to manage market volatility, regulatory uncertainty and competition from alternative digital assets. He advises a patient, long-term strategy with portfolio diversification and disciplined risk management tactics like dollar-cost averaging.

RCO Finance’s token RCOF surged from $0.01275 to $0.16 in a presale, a gain of over 1,100%, raising $36 million backed by major VCs including a ChatGPT founder. The platform now has 315,000 registered users, 122,000 daily actives and $152 million in trading volume. RCO Finance offers an AI-powered Robo Advisor using Bloomberg and Reuters data to deliver personalized entry and exit signals across 120,000 assets without KYC. Additional wallet management and debit card features enhance usability. RCOF holders benefit from fee discounts and advanced portfolio tools. A SolidProof audit found no vulnerabilities. BitMart will list RCOF on September 19, with an expected price of $0.65–$0.85 and upside toward $1. The listing on a major exchange, backed by strong presale demand and AI-driven tools, is poised to drive rapid liquidity and momentum for RCO Finance.

The LILPEPE presale has raised over $25 million in its Stage 13 round at $0.0022 per token, following a $24.8 million haul at $0.0021 in Stage 12. Whale accumulation and strong retail demand have driven rapid sell-outs, while a combined $777,000 community giveaway and a 15 ETH Mega Giveaway boost engagement. The project features a custom Layer-2 network with anti-bot protection, zero-tax tokenomics, staking rewards and a CertiK audit. Analysts project potential gains of 5,000–10,000% ahead of planned listings on two major exchanges. Traders should monitor LILPEPE presale market cap, liquidity events and community metrics as key momentum indicators.

DBA Asset Management has proposed a 45% cut in the HYPE token supply to improve valuation clarity and attract investors. Shared by Investment Manager Jon Charbonneau on September 22, the plan revokes 421 million unminted HYPE tokens from community and reward allocations, burns 21 million HYPE from the Hyperliquid Assistance Fund, and removes the fixed 1 billion token cap. Under the proposal, any future HYPE token issuance would need explicit governance approval via Hyperliquid’s decentralized governance. The move targets supply dilution that weighs on HYPE’s market sentiment. The proposal also aligns with HYPE’s announcement of monthly token distributions to team members starting November 29 and Hyperliquid’s governance vote to launch USDH, a new US dollar stablecoin by Native Markets. Hyperliquid recorded $330 billion in July volume with 11 staff. HYPE token hit an all-time high of $59.30 before a 22% decline to around $46 on unlock worries and profit-taking. If approved, the supply cut could sharpen HYPE token price signals and reduce dilution, while USDH flows may boost long-term trading activity.

Yzi Labs, the $10 billion family office of Binance co-founder Changpeng Zhao, is set to evolve into an external-facing investment fund by opening to outside investors. Since its rebrand from Binance Labs in early 2025, the 12-member team has deployed capital across 250 Web3, crypto, AI, robotics and biotech startups. Head Ella Zhang says the firm will only welcome external funding once it deepens its expertise in AI and biotechnology. The shift from single-family wealth management to a broader fund could boost capital inflows and diversify investor participation but may attract heightened U.S. regulatory scrutiny given Zhao’s 2023 money-laundering conviction and Binance’s $4.3 billion penalty.

On September 18, BNB surged past $1,000 to a high of $1,076.30, briefly lifting its market cap above $150 billion. The rally followed eased US regulatory pressure under the new administration and signs of an early end to Binance’s DOJ compliance monitor. CEO CZ’s social rebranding to “@binance” added to bullish sentiment. Institutional demand for BNB strengthened the move. Binance teamed up with Franklin Templeton on tokenized asset products, and several listed companies—including BNB Network Company (BNC), Nano Labs (NA), Windtree Therapeutics (WINT) and Liminatus Pharma (LIMN)—revealed new BNB holdings. Applications for BNB ETFs by VanEck, REX Shares and Osprey Funds further opened mainstream investment routes. On-chain upgrades also supported growth. The Maxwell hard fork cut BNB Chain block times to 0.75 seconds and slashed gas fees by about 90%. Binance’s July token burn removed 1.6 million BNB, bringing circulating supply down to 139.3 million. These factors—regulatory relief, institutional adoption, technological improvements and deflationary tokenomics—underline a bullish outlook for BNB. Traders should watch for volatility, evolving smart-contract competition and further regulatory updates.

China’s Securities Regulatory Commission (CSRC) has informally instructed major mainland brokerages to halt RWA tokenization operations in Hong Kong, citing financial risk concerns. The guidance affects projects converting stocks, bonds and real estate into blockchain-tradable tokens. The pause underscores Beijing’s cautious stance on digital assets and wariness of unregulated token schemes, including yuan-backed stablecoins. The CSRC decision follows recent mainland restrictions on stablecoin research and tighter cross-border brokerage account rules. Meanwhile, Hong Kong’s Financial Services and Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) are still reviewing RWA tokenization laws. To date, regulators have received 77 stablecoin license applications. Industry players including GF Securities with HashKey Chain and CMB International launched RWA tokenization products earlier this year. Global RWA tokenization market value stands at about US$29 billion, with forecasts exceeding US$2 trillion by 2030. Crypto traders should closely monitor regulatory risk in Hong Kong’s digital assets sector and reassess their RWA tokenization exposure.

Binance Coin (BNB) price soared to an all-time high of $1,083 on September 21, driven by Bitcoin’s sustained rally above $115,000 and a technical breakout above the $740 resistance. Analysts now target $1,187 in the near term, with upside to $1,500 and $2,000 if BTC momentum persists. However, BNB futures funding rates have fallen to two-month lows, signaling rising bearish bets. A pullback to the $1,000 psychological level could trigger up to $61 million in liquidations, with key support at $950–$1,000 and $800. Additionally, speculation of a presidential pardon for Binance founder Changpeng Zhao has lifted sentiment. Overall, the convergence of Bitcoin strength, technical structure and positive narratives keeps the outlook for Binance Coin broadly bullish, though traders should monitor potential pullbacks for entry opportunities.