Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Senators Elizabeth Warren and Elissa Slotkin have called for a federal probe into the Trump crypto deal following two linked May agreements: U.S. approval of AI chip exports to the UAE and a $2 billion UAE-backed investment in World Liberty Financial (WLFI), co-founded by the Trump family. In letters to the Commerce and State Departments’ inspectors general and the Office of Government Ethics, they cited potential ethics violations and conflicts of interest involving ex-State official Steve Witkoff and AI/crypto adviser David Sacks. They argue the Trump crypto deal and AI chip export deal risk national security and private enrichment. The White House responded that Witkoff is divesting and Sacks holds an ethics waiver.

GSR ETF has filed five new crypto ETFs with the SEC. The flagship Digital Asset Treasury ETF will invest at least 80% of assets in equity securities of public companies with digital asset reserves. GSR ETF’s filings also include three staking ETFs using offshore subsidiaries to stake Ether and other PoS tokens, plus a Core3 ETF that directly holds BTC, ETH and SOL. These diverse crypto ETF offerings expand institutional and retail access to digital assets through equity, staking and direct token exposure. Traders should monitor SEC approval timelines for potential market opportunities.

Major asset managers including Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, Franklin Templeton and CoinShares have applied for spot XRP ETF approval. The US Securities and Exchange Commission is scheduled to review these seven applications between October 16 and October 25, 2025, with the first decision on Grayscale’s GDLC on October 16. Approval would mirror the BTC and ETH ETF launches earlier in 2024 and could unlock billions in institutional inflows. At the same time, Ripple awaits a ruling on its national bank charter from the Office of the Comptroller of the Currency. A simultaneous green light for both the XRP ETF and bank charter could cement XRP’s institutional status. Market data shows strong interest: CME XRP futures open interest has topped $1 billion and existing XRP-linked funds hold $380 million. Analysts forecast $5–8 billion in initial ETF inflows. Innovative products like Amplify’s covered-call ETF are also in the pipeline. However, BlackRock has opted out, citing regulatory uncertainty. XRP’s price has ranged between $2.75 and $2.88, with $1.9 billion in recent liquidations and institutional wallets now holding nearly $928 million. Traders should closely monitor SEC deadlines and Ripple’s charter bid for potential market catalysts.

MicroStrategy executive chairman Michael Saylor forecasts a Bitcoin rally by year-end as corporate treasury demand and ETF purchases outpace miner issuance, creating a supply squeeze. Companies are increasingly using Bitcoin as a reserve asset instead of dividends or buybacks, while major ETFs serve institutional clients. With projected daily issuance of 900 BTC against average daily demand of 3,185 BTC in 2025, Saylor sees Bitcoin as “digital gold” underpinning future credit systems. Despite recent price stability and $2 billion in technical liquidations, sustained demand supports a bullish outlook for Bitcoin in both the short and long term.

RedotPay raised $47M in a Series A led by Coinbase Ventures. Galaxy Ventures, Vertex Ventures and an undisclosed tech entrepreneur also joined. This brings its valuation above $1B and total funding to $90M. Founded in April 2023, RedotPay is a Hong Kong-based stablecoin payment platform. It offers payment cards, multi-currency wallets and the Global Payout service. Launched in June 2025, Global Payout enables direct crypto-to-bank and e-wallet transfers. The platform serves 5M users across 100 markets, processing $10B in annualized volume. RedotPay holds licenses in Hong Kong, Europe and Argentina, and is seeking more approvals. The new capital will accelerate RedotPay’s growth, strengthen regulatory compliance and enhance blockchain integration. This move highlights rising competition and regulatory focus in the stablecoin payment sector.

Scilex Holding Company has completed a $200 million stock-for-Bitcoin swap under a securities purchase agreement with an institutional investor. The company exchanged shares of its Semnur Pharmaceuticals subsidiary for $200 million in BTC. Scilex’s crypto account now holds $200 million in Bitcoin. This Stock-for-Bitcoin swap underscores accelerating corporate adoption of Bitcoin as firms diversify treasury reserves and hedge against inflation. Following similar moves by MicroStrategy and Tesla, Scilex’s deal bolsters Bitcoin’s mainstream credibility. Traders should monitor potential buying pressure and increased volatility as institutions expand crypto holdings.

In a September 24 blog post, Ethereum co-founder Vitalik Buterin urged governments and companies to adopt open-source tech and transparent systems across healthcare, finance and voting to enhance trust, efficiency and accountability. He warned that closed-source software and hardware foster abuse, create monopolies and undermine privacy. Buterin highlighted open-source initiatives such as PopVax’s vaccine tracker, blockchain-based digital wallets that settle transfers in seconds, and publicly auditable e-voting platforms. He contrasted these models with costly, slow legacy processes. To reinforce privacy protections, he unveiled Ethereum’s privacy roadmap to embed verifiable confidentiality into the protocol. By advocating open-source infrastructure, Buterin believes society can resist fragmentation, lower barriers to innovation and empower users against centralized control.

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.

MAGAX, an AI-powered meme coin, has launched its historic presale, with Stage 2 raising over $108,000. The project leverages an advanced AI suite to filter bots and ensure genuine engagement, underpinned by community governance. MAGAX tokenomics include a fixed supply of 1 trillion tokens, regular burns, revenue-based buy-backs, and adaptive staking rewards with viral-event boosts. Security is reinforced through CertiK and Hacken audits and a community bug bounty program. Analysts forecast up to 16,600% growth from $0.000293 to $0.0486, making MAGAX a notable opportunity for traders seeking meme coin momentum and long-term sustainability.

Ethereum will roll out the Fusaka upgrade on December 3, 2025. It introduces PeerDAS to cut node storage and bandwidth by up to 90% through random sampling and erasure coding. The three-phase Fusaka upgrade doubles per-block blob targets from 6 to 12 and raises maximum blobs from 9 to 18. Future BPO forks will lift caps to 15 and 21. PeerDAS lets nodes verify data availability without full block downloads and strengthens security via decentralized sampling. Recent metrics show record six blobs per block driven by Coinbase Base and Worldcoin. Fusaka lowers Layer-2 rollup costs for Arbitrum and Optimism, boosting throughput and cutting fees. It also lays the groundwork for Danksharding and up to 12,000 TPS. Traders can expect lower transaction costs, improved scalability, and stronger network performance.

WLFI has announced the upcoming launch of a USD1-backed stablecoin debit card fully integrated with Apple Pay, unveiled by co-founder Zak Folkman at Korea Blockchain Week 2025. The card links directly to WLFI’s native stablecoin and is paired with a “Venmo meets Robinhood” retail app that combines peer-to-peer payments and basic trading tools. WLFI will remain chain-agnostic and has signed an MoU with South Korea’s Bithumb to expand its Asia distribution. Tokenomics data show a total supply of 100 billion WLFI tokens, with 27 billion in circulation and allocations for partners, liquidity, and public sale. Governance is community-driven, with 99.94% voting in favor of tradable tokens. Since its September launch, WLFI has fallen around 35%, including a 10% dip post-announcement. Traders should monitor Apple Pay integration, card network approvals, reserve audits, and AML compliance, along with key price levels—accumulation zones at $0.2088, $0.1973, $0.1855 and a bullish breakout above $0.2399—to assess short-term volatility and long-term demand.

Flare Network has launched FXRP v1.2 on its mainnet, marking the first FAsset pegged 1:1 to XRP. This overcollateralized wrapped token enables XRP holders to access DeFi services such as DEX trading, lending, stablecoin minting via Enosys Loans, and liquid staking. Initial minting is capped at 5 million FXRP for the first week, with future increases tied to on-chain growth. Liquidity providers can earn up to 50% APR in rFLR rewards, fostering early adoption. FXRP’s security model combines independent agents, data oracles, bug bounties, multiple audits, and real-time monitoring by Hypernative. Users can mint FXRP through Ledger and Bifrost wallets or swap tokens on SparkDEX, BlazeSwap, and Enosys, broadening XRP’s DeFi footprint and potentially boosting network liquidity.

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.

Swiss asset manager 21Shares has listed its Dogecoin ETF (ticker: TDOG) on the DTCC Active and Pre-Launch list. Broker-dealers can now conduct operational tests, including ticker setup and clearing procedures. The DTCC listing follows the success of spot Bitcoin and Ethereum ETFs in 2024 and marks a key milestone toward offering regulated exposure to Dogecoin. The SEC is still reviewing the filing; final approval is required before TDOG can begin trading on U.S. exchanges. This move underscores growing institutional interest and broadens market access to DOGE, potentially boosting liquidity and confidence.

Circle has partnered with Crossmint to expand USDC support across multiple blockchains, integrating Crossmint’s wallet and API. The integration enables programmable USDC deposits, payment orchestration and AI agent-initiated transfers, positioning USDC for near-instant global liquidity in human-and-machine finance. Crossmint’s AI agent SDK prepares for autonomous use cases ranging from micro-payments to on-chain data storage, as bots emerge as major Ethereum superusers. The deal aligns with rising stablecoin adoption in high-inflation markets. MoneyGram’s upcoming Colombia rollout, powered by Crossmint, will offer USDC as an alternative to the peso, potentially boosting local uptake. Additionally, Crossmint has teamed up with Stripe-backed Tempo to accelerate stablecoin payments. Traders should watch for increased on-chain USDC volumes, shifting liquidity pools and evolving stablecoin market dynamics.

The XRP price has rebounded 6.8% from its $2.70 low, trading within a symmetrical triangle on daily charts. A decisive break above the $3.00 triangle resistance could trigger a 42% rally to $4.08, with further hurdles at $3.40 and the eight-year high of $3.66. Analyst CasiTrades highlights a double-bottom pattern near $2.70 and Fibonacci extension targets at $4.00 and $4.40, further supporting the XRP price outlook. CryptoBull forecasts a move toward $5.00 if an October bull flag breakout occurs. Onchain data shows whales added 30 million XRP in two days, raising their holdings to 11% of the circulating supply. Rising net holder positions since late August underscore growing bullish sentiment. Traders should watch the $2.70–$3.00 accumulation zone and monitor a close above $3.40 for accelerated upside.

Franklin Templeton has expanded its Benji platform to Binance’s BNB Chain, extending tokenization beyond Ethereum, Tezos, and Avalanche. The Benji platform now offers faster on-chain settlements, daily yield distributions, and transparent transfers for tokenized funds such as the Franklin Liberty Tokenized US Government Money Market ETF (FLTG). By migrating the tokenization of its FOBXX money market fund to BNB Chain, Franklin Templeton taps into lower transaction fees and higher throughput. The Benji platform, now managing over $657 million in assets, will also ensure UCITS compliance as it migrates additional funds. This integration deepens the collaboration between traditional finance and DeFi, strengthening BNB Chain’s role in real-world asset tokenization. Traders should monitor BNB Chain gas fees and on-chain volume for early signals of growing demand and potential liquidity boosts in tokenized assets.

Ethereum price on OKX dipped below $4,100 in consecutive sessions, trading as low as $4,087.77 (-2.22%) and $4,098.88 (-1.61%) amid heightened market volatility. Selling pressure intensified as Bitcoin and broader altcoin markets also faced downturns, while overall trading volume remained stable. Ethereum price support at $4,100 has been breached, raising caution for short-term holders eyeing a floor near $4,000. Traders are monitoring resistance around $4,200, macro triggers such as US economic data and Bitcoin trends, and upcoming Ethereum network upgrades to gauge the next price direction.

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.

ReserveOne has confidentially filed a Form S-4 with the SEC to pursue a $1 billion Nasdaq IPO via a SPAC merger with M3-Brigade Acquisition V Corp. Backed by Blockchain.com and Kraken, the deal aims to create a public crypto treasury under ticker RONE. ReserveOne, launched in July, will hold Bitcoin, Ethereum and Solana in an institutional-grade staking and lending model to generate passive yield. The merger is expected to close in Q4 2025, subject to SEC review and a shareholder vote, and could raise over $1 billion in gross proceeds. Management includes CEO Jaime Leverton, President Sebastian Bea and Chairperson Reeve Collins. The structure offers a faster route to market than a traditional IPO and highlights growing institutional demand for digital asset treasuries.

FTX Recovery Trust filed a $1.15 billion lawsuit on September 22 in the US Bankruptcy Court for the District of Delaware against Genesis Digital Assets, its affiliates and co-founders Rashit Makhat and Marco Krohn. The complaint alleges that former CEO Sam Bankman-Fried directed Alameda Research to use customer funds to buy GDA shares at inflated prices. Approximately $500 million was spent on preferred stock and $550.9 million was transferred to Makhat and Krohn for additional equity. The FTX Recovery Trust aims to claw back these misused funds to boost creditor recoveries. Since the 2022 bankruptcy, the trust has distributed over $6 billion to claimants and plans to release a further $1.6 billion on September 30.

UXLINK exploit exposed a delegate call flaw in UXLink’s Ethereum multisig wallet. Attackers minted over 20 billion unauthorized UXLINK tokens. This crash wiped out 90% of token value, plunging the price from $0.33 to $0.033. Estimated losses range from $11 million to $30 million. Following the UXLINK exploit, UXLink deployed a new audited contract. It removes mint and burn functions and enforces a hard cap on token supply. This move aims to bolster smart contract security and prevent arbitrary token minting. Crypto traders should note the importance of robust multisig security and defense-in-depth strategies. Implement time-locks for sensitive operations. Renounce mint privileges after launch. Audit multisig setups. Add emergency stop mechanisms. Coordinate with exchanges to flag suspect funds. Transparent postmortems help restore DeFi security.

Blockchain platform Lamina1 and Consensys’ Layer-2 network Linea have teamed up to launch Spaces, a creator-owned media platform on Ethereum Layer-2. Leveraging Linea’s zkEVM rollup for low fees, fast finality and Ethereum-level security, Spaces anchors interactive storytelling, IP provenance and verifiable credentials. Backed by Joe Lubin and Systemic Ventures, Lamina1 has grown to over 150,000 active addresses since its 2022 debut. The platform’s inaugural title, Artefact, developed with Neal Stephenson and Weta Workshop, offers an AI-driven role-playing world where on-chain actions shape the narrative. Verax attestations add IP protection, while targeted airdrops of LINEA tokens will reward long-term holders and builders following Linea’s token generation event. This initiative underscores innovations in Ethereum Layer-2 solutions and may drive demand for zkEVM infrastructure and the LINEA token as adoption grows.

Nebeus has overfunded its equity crowdfunding campaign on Republic Europe, raising €3.6 million (122% of target) from over 430 backers. This success underscores growing investor demand for regulated crypto finance solutions as Bitcoin approaches multi-year highs and regulators roll out MiCA frameworks. In 2024, Nebeus achieved 6× year-on-year revenue growth to €2.2 million. In 2025, it recorded 22% month-on-month lending growth, a 1,288% quarter-on-quarter jump in loan originations, and a 177% surge in exchange volumes. As a UK Electronic Money Institution and a Virtual Asset Service Provider in Spain and Argentina, Nebeus meets evolving compliance requirements ahead of competitors. Its IBAN accounts, crypto cards, and lending tools capitalize on the €150 billion stablecoin market and the growing freelance economy. Early investors have seen a 285% share increase. A live Q&A with founders is scheduled for September 25.

The U.S. Securities and Exchange Commission (SEC) plans to roll out an innovation exemption by late 2025 to streamline crypto regulation and accelerate tokenized securities listings. The principles-based relief will let digital asset firms launch tokenized assets, decentralized finance tools and exchange-traded products (ETPs) without the full registration and disclosure requirements under the Securities Act of 1933. This move follows the SEC’s approval of generic listing standards for spot crypto ETFs and aims to reduce incentives for startups to relocate overseas. Qualifying projects must be low-risk or experimental and will remain under SEC oversight to ensure investor protection. The SEC also intends to work “hand in glove” with the Commodity Futures Trading Commission (CFTC) to harmonize oversight and avoid regulatory turf battles. Joint rulemaking efforts will cover market structure issues, including the GENIUS Act stablecoin framework. Combined with the pending Digital Asset Market Clarity Act, the innovation exemption is designed to boost U.S. competitiveness in blockchain innovation and expand crypto offerings. Traders can expect clearer compliance requirements and faster product rollouts, potentially increasing market liquidity and depth. By simplifying crypto regulation, the innovation exemption could spur new trading products and drive market growth.

BitMine Immersion Technologies raised $365 million by selling 5.22 million BMNR shares at $70 each and issuing warrants for 10.4 million shares at an $87.50 strike. Immediate proceeds will boost ETH holdings in its treasury to 2.42 million ETH, or 2% of supply. Warrants exercise could raise an additional $913 million, bringing total funding to $1.28 billion. Chairman Tom Lee said the funds will be used to expand ETH holdings toward a 5% supply target. ARK Invest’s purchase of 101,950 shares highlights strong institutional demand. BitMine’s prior $200 million and $65 million ETH buys account for 46% of corporate Ethereum accumulation this year. Although BMNR stock dipped 10% on Ether’s pullback to $4,200, it remains over 1,200% up since June. Analysts view this large-scale corporate buying as bullish for Ethereum, tightening supply and driving long-term ETH demand.

Crypto venture capital firm Archetype has closed over $100 million in commitments for its third flagship vehicle, Archetype Fund III. The fund attracted a diversified mix of institutional investors, including pensions, endowments, sovereign wealth funds and family offices. Archetype Fund III will back early-stage projects in onchain infrastructure, DeFi, stablecoins, payment solutions, DePIN, social networks, mobile crypto apps and AI-driven blockchain. This fundraising comes amid a more selective crypto venture landscape, where deal counts fell but total investment surged to $10.03 billion in Q2 2025—the highest since Q1 2022. Investors are shifting from pre-seed and meme tokens to mature business models with predictable revenue. Bitcoin DeFi projects raised $175 million in H1 2025, while tokenized stablecoin infrastructure saw notable rounds such as Stable’s $28 million USDt payment platform and Spiko’s $22 million tokenized money market fund. Archetype’s existing portfolio includes Monad, Privy, Farcaster, Relay and Ritual. Archetype Fund III positions the firm to support the next wave of blockchain innovation and real-world asset models.

On-chain data on September 24 revealed large ASTER withdrawals from Gate and Bybit. A whale at address 0xFB3 moved 24 million ASTER (approximately $41.8 million) from Gate to a private wallet. On the same day, wallet 0x5bd withdrew 3.46 million ASTER (~$6.8M) from Bybit, followed by a new wallet 0x5bd4 pulling 6.72 million ASTER (~$14M) off Bybit. In total, 34.18 million ASTER tokens left exchanges, reducing exchange liquidity and indicating potential accumulation. Traders should watch ASTER on-chain flows, exchange custody balances, order books, and market depth for bullish signals.

Ethereum co-founder Vitalik Buterin defended Coinbase’s Base Layer 2 against centralization criticism. He said Base Layer 2 is non-custodial and settles transactions on Ethereum mainnet. The design offers cryptographic withdrawal guarantees via L1, so user funds cannot be stolen or locked. Critics worry that a single sequencer and governance multisigs could delay or freeze withdrawals. Buterin stressed that on-chain settlement and proof verification are core to stage-1 rollups, ensuring asset security. Since its August 2023 launch, Base’s TVL rose tenfold from $500 million to nearly $5 billion. Fee and revenue figures have outpaced Ethereum L1, underscoring strong adoption. Looking ahead, the Base team will roll out a stage-2 decentralization roadmap. This includes adding block-building validators and expanding governance. Traders should monitor these milestones. They can mitigate sequencer centralization risks and influence market confidence.