BitMEX copy trading lets users automatically mirror or inverse top derivatives traders’ positions on its platform. The feature supports up to five lead traders per account. Users can set stop-loss and take-profit levels and allocate funds into a dedicated sub-account. Inverse copy trading allows profit from opposite positions. Experienced traders can register as leads and earn up to 50% profit share. BitMEX provides a step-by-step guide to account registration, trader selection by metrics like PnL and ROI, and risk management settings. To celebrate the launch, BitMEX is hosting a Copy Trading Battle with a 100,000 USDT prize pool starting August 20, 2025. New users receive $5,000 in BMEX tokens upon registration. With transparent performance data, educational resources, and 24/7 support, BitMEX copy trading lowers the learning curve for beginners while offering diversification and automated trading for seasoned traders.
Bullish US Operations LLC secured a BitLicense and Money Transmission License from the New York Department of Financial Services (NYDFS) on September 17, 2025. The license allows the platform to offer spot trading and custodial services to institutional and high-net-worth clients in New York, positioning Bullish for growth in one of the world’s toughest crypto markets. CEO Tom Farley noted New York’s leadership in virtual-currency regulation, while President Chris Tyrer said clear compliance standards are essential for sustainable growth.
Earlier this year, Bullish raised $16 million through a non-dilutive IPO and filed to list on the NYSE under BLSH. In August, it completed a blockbuster IPO, raising $1.1 billion and valuing the company at $5.4 billion. Shares jumped 6% on the news and gained a further 2% in after-hours trading. Backed by Thiel Capital, Nomura, Founders Fund and Galaxy Digital, and owner of CoinDesk, Bullish aims to drive greater institutional adoption of spot trading in U.S. markets.
The Ether Machine, an Ethereum treasury firm, has confidentially filed a draft Form S-4 with the US SEC to merge with SPAC Dynamix Corp, targeting a Nasdaq listing under ticker ETHM. First announced in July, the SPAC merger requires shareholder and regulatory approval ahead of a planned close in Q4 2025. Ether Machine holds 495,362 ETH (around $2.16 billion) and $367 million in cash. It also raised $654 million in a private financing round—including 150,000 ETH in-kind—from backers such as Blockchain.com, Kraken, Pantera Capital and Citibank, and appointed new board members. Organizers aim to raise over $1.6 billion in total proceeds, while retaining KPMG to bolster governance and disclosure standards.
Bullish
EthereumSPAC MergerSEC Form S-4ETH TreasuryNasdaq Listing
Forward Industries has launched a $4B at-the-market (ATM) equity offering with Cantor Fitzgerald as sales agent. The flexible program lets it sell shares over time to fund Solana treasury growth and general corporate purposes.
This initiative follows a $1.65B private PIPE backed by Galaxy Digital, Jump Crypto and Multicoin Capital. Proceeds will boost SOL accumulation, support working capital, acquire income-generating assets and cover capital expenditures.
This week, the firm bought 6.8M SOL for $1.58B at an average price of $232, lifting its Solana treasury to $1.6B—the largest among public firms. The transparent SEC filing underscores strong institutional backing and confidence in the Solana ecosystem.
The ATM equity offering enhances balance sheet flexibility and allows gradual scaling of its Solana treasury with minimal fundraising risk.
Ethereum price has extended its recovery from lows near $4,220 and cleared the 100-hour SMA and key bearish trendline at $4,330. After retesting $4,415, bulls broke above $4,550 and pushed ETH past the 50% Fib retracement of the $4,765–$4,416 drop. Technical indicators are bullish: hourly MACD has turned positive and RSI remains above 50. Immediate resistance levels stand at $4,635 (61.8% Fib), $4,680 and $4,720. A decisive break above $4,720 could open the path to $4,750 and the $4,850–$4,880 zone. On the downside, support levels cluster at $4,580, $4,535 and $4,500, with major support near $4,350 and lower floors at $4,335, $4,280 and $4,240.
Global bank Citi projects an Ethereum price forecast of $4,300 by end-2025 and $2,300 by late 2024, citing accelerated EIP-1559 fee burns, the shift to proof-of-stake and institutional adoption that could cut annual issuance by up to 90%. Robust DeFi, NFT growth, rising daily active addresses and TVL support the outlook, while elevated inflation boosts ETH’s appeal as a digital hedge.
Recent on-chain metrics reinforce a bullish stance: ETH trades near $4,542 as heavy short liquidations exceed $9 million, funding rates hold at around 0.005%, and Binance liquidation heatmaps highlight key zones between $4,500–$4,700. Rising staking inflows and shrinking exchange reserves further underscore growing demand.
This Ethereum price forecast may prove conservative if ETH breaks above $4,500 toward $6,000. Traders should monitor liquidation hotspots, funding rates, upcoming upgrades, staking metrics and regulatory developments to navigate potential volatility and capture upside.
Solana has drawn massive institutional interest as major investors ramp up SOL accumulation. Galaxy Digital bought over 6.5 million SOL (roughly $1.57 billion) in five days, including nearly 5 million SOL in three days, moving 4.7 million tokens into Coinbase Prime and Fireblocks custody to signal long-term bullish intent. Pantera Capital also confirmed significant SOL holdings and launched a Solana-focused digital asset treasury product.
This buying spree is part of a broader Solana strategy that includes a $1.65 billion private placement for Forward Industries led by Galaxy, Jump Crypto, and Multicoin Capital. CEO Mike Novogratz dubbed this the “season of Solana” amid expectations that faster, cheaper blockchains will gain Wall Street traction as U.S. regulators modernize crypto rules.
On the technical front, SOL’s weekly chart forms an ascending triangle. A breakout above $250 could push SOL toward $272–$300 in the near term and potentially to a new all-time high near $1,250. SOL trades around $238, up 12% weekly and 23% monthly, with a market cap near $129 billion.
Regulatory clarity remains key as the SEC delays Solana ETF decisions until November 2025, though spot ETF approvals by October could trigger fresh inflows. Pending network upgrades—Alpenglow and Firedancer—also aim to boost throughput and scalability on Solana. These developments reinforce Solana as both an institutional hedge and a high-growth blockchain asset.
France’s markets regulator (AMF) has warned it may refuse to recognise EU crypto licences under the MiCA passporting model, citing regulatory arbitrage and inconsistent application of crypto regulation across member states. Under MiCA, a licence granted in one country typically lets operators trade EU-wide, but divergent rules on grandfathering and simplified procedures have fuelled licence shopping. The AMF’s stance follows ESMA criticism of lax licensing checks in Malta and joins Austria and Italy in calling for stronger bloc-level oversight. Paris also backs shifting parts of supervision to ESMA, deepening the debate between centralised and decentralised approaches to crypto regulation. Legal experts note that blocking passporting could conflict with MiCA’s text but is technically feasible with additional legislation—potentially raising legal complexity. Traders should monitor these developments, as they could influence market entry, compliance costs and the competitive landscape under EU crypto regulation.
Neutral
EU crypto regulationMiCA passportingRegulatory arbitrageAMF oversightESMA supervision
SEC enforcement policy is shifting under Chair Paul Atkins. He will notify crypto firms of technical violations before formal investigations. This more predictable SEC enforcement replaces Gary Gensler’s regulation-by-enforcement approach. Firms, including Binance, Coinbase and Ripple, saw major cases dropped and SAB 121 rescinded. Atkins clarified most tokens are not securities and supports tokenized stocks and bonds. While maintaining a firm stance on fraud, this softer enforcement signals a more business-friendly SEC. Traders should monitor upcoming SEC policy updates for impacts on compliance and market sentiment.
The UK and US will deepen their crypto regulation collaboration under a unified framework. It will focus on market conduct rules, anti-money laundering (AML) standards and stablecoin oversight. UK Chancellor Rachel Reeves and US Treasury’s Scott Bessent met leaders from Coinbase, Circle, Ripple, Bank of America, Barclays and Citi to align rules across jurisdictions.
This joint crypto regulation push aims to emulate the US’s pro-crypto stance and unlock adoption potential. Talks advanced plans for a digital securities sandbox and a cross-border testing environment. Industry groups have urged adding asset tokenisation and stablecoin frameworks into the UK–US Tech Bridge initiative. US SEC Commissioner Hester Peirce proposed a bilateral crypto sandbox for qualified firms to pilot services under both regulators’ supervision. This joint crypto regulation push is expected to enhance transparency, consumer protection and compliance norms, expanding market access and driving long-term growth.
The SEC has delayed its approval review of the proposed Truth Social Bitcoin ETF, extending the regulatory timeline for this spot Bitcoin ETF. The pause reflects intensified scrutiny of spot products. Traders should note impacts on market sentiment and listing schedules as futures-based Bitcoin ETFs remain unaffected. Compliance teams and sponsors must prepare for prospectus revisions, additional due diligence and disclosure requirements. Investors seeking exposure via the Truth Social Bitcoin ETF should adjust liquidity planning and portfolio timing while awaiting a new SEC deadline and sponsor updates.
Gemini Earn settlement has been agreed in principle between Gemini Trust and the SEC to resolve the lawsuit over unregistered securities. A Manhattan federal court filing shows both sides have asked Judge Edgardo Ramos to suspend all deadlines until December 15 to finalize the Gemini Earn settlement, pending SEC approval.
This Gemini Earn settlement follows Gemini’s recent $425 million IPO that valued the company at $3.3 billion and saw its shares jump 16%. The lawsuit stems from the Genesis Global Capital bankruptcy, which froze withdrawals from the Earn program that offered up to 7.4% APY. The SEC alleges that the program sold unregistered securities.
If approved, the Gemini Earn settlement could restore market trust, attract institutional investors, and set a precedent for resolving crypto regulatory disputes. The deal also highlights a shift toward collaborative regulation by the SEC and CFTC.
Bullish
Gemini Earn settlementSECGenesis Global CapitalCrypto regulationIPO
Crypto traders should note that institutional Solana reserves have surged to 17.112 million SOL—2.98% of total supply—up from 11.739 million SOL (2.04%). Of these SOL reserves, 7.405 million SOL (1.228% of supply) are actively staked with validators, earning an average staking yield of 7.96%, compared to 6.86% previously. Leading allocators include Forward Industries (6.822 M SOL), Sharps Technology (2.14 M SOL), DeFi Development Corp (2.028 M SOL), Upexi (2.00 M SOL), and Galaxy (1.35 M SOL). Growing institutional investment in Solana and increased staking exposure could tighten liquid SOL supply, boosting yield-bearing treasury strategies and potentially influencing market liquidity and price stability.
Ripple has donated $25 million in RLUSD stablecoin via the XRP Ledger to Accion Opportunity Fund and Hire Heroes USA. Split evenly, the funds will support $125 million in small business loans and launch a Digital Leap Forward accelerator with $500,000 for underrepresented entrepreneurs. The partnership with Hire Heroes USA targets 14,000 veteran jobs and a Fintech Pathways program with an annual impact of $900 million. Delivered through The Giving Block and Uphold, the stablecoin donation enables faster, transparent funding. This marks Ripple’s second $25 million RLUSD stablecoin contribution this year. Combined, the initiatives aim to generate $1 billion in economic impact. Crypto traders may view this philanthropic move as a bullish signal for XRP, potentially boosting community sentiment and supporting price resilience above key levels.
Bullish
RippleRLUSDStablecoin DonationSmall Business LoansVeteran Employment
On September 15, on-chain analytics detected a crypto whale depositing 15.47 million USDC into Hyperliquid over 48 hours and allocating 5 million USDC specifically to open high-leverage long positions. The whale placed 40× leveraged longs on Bitcoin (BTC) and 20× on Solana (SOL), alongside 10× positions on FARTCOIN, 5× on PUMP and 3× on LAUNCHCOIN. Earlier trades included 20× BTC and 10× Binance Coin (BNB) longs, with additional buys in Ethereum (ETH) and Chainlink (LINK), highlighting diversified on-chain order flow. This whale deposit into Hyperliquid signals strong bullish sentiment and growing interest in Hyperliquid leveraged trading. Traders should note the potential for heightened volatility and apply risk management, as actual trade execution beyond position entries remains unquantified.
Ethereum is trading in the $4,700–$4,800 range, closing in on its 2021 peak of $4,864. Year-to-date institutional flows into spot ETH ETFs have topped $11 billion, reducing circulating supply and reinforcing bullish momentum. Anticipated Federal Reserve rate cuts in 2025 could boost risk appetite and further drive demand for Ethereum.
On-chain data show a whale unstaked 10,819 ETH and moved it to Kraken, signaling potential near-term selling alongside long-term confidence. Technically, ETH trades within an ascending channel around $4,557, with support at $4,435 (50-SMA) holding firm. Immediate resistance lies at $4,610, with upside targets of $4,795 and $4,965. A sustained close above $5,000 is key to trigger fresh price discovery.
Trading volume has surged on recent rallies, reflecting strong retail and institutional participation. Weekly charts indicate ETH tested $4,768 before retracing to $4,723. Market forecasts remain bullish: Standard Chartered projects $7,500 by late 2025 and $25,000 by 2028, while Fundstrat’s Thomas Lee sees the potential for $15,000. Skeptics like Canary Capital’s CEO caution that Ethereum is “older technology” and expect limited upside without an ETH ETF approval.
Short-term traders should monitor ETF flow updates, key price levels, volume indicators, and Fed policy shifts. A clear break and close above $5,000 could not only extend Ethereum’s rally but also spark broader altcoin uptrends.
LILPEPE, an Ethereum-based Layer 2 meme coin, has sold over 94% of its presale allocation, raising $24 million at $0.0021 per token. Stage 12 concludes soon, with Stage 13 priced at $0.0022. The tokenomics cap the presale at 26.5% of a 100 billion max supply to limit early sell-pressure.
LILPEPE’s dedicated Layer 2 rollup offers near-zero gas fees and instant settlement. A testnet launch and meme launchpad are set for Q4 2025.
Security is proven by a 95.5% CertiK audit score, locked liquidity and anti-sniper safeguards with real-time Skynet monitoring.
Community incentives include a Mega Giveaway of 15 ETH and a $77,000 prize pool.
The roadmap through 2026 adds cross-chain bridges to Solana and BNB Chain, NFTs, staking, DAO governance and listings on major exchanges. Analysts forecast potential 10× gains in 80 days and long-term rallies up to 8,700% by Q4 2025 if adoption grows. This presale momentum positions LILPEPE as a high-beta alt for traders seeking near-term opportunities.
Coinbase has filed a motion urging a federal court to compel the SEC to produce deleted SEC messages, including those exchanged between October 2022 and September 2023. The SEC Inspector General report revealed that critical texts from former chair Gary Gensler were irretrievably lost due to device upgrades and account migrations. In response, Coinbase demands expedited discovery, sanctions, and immediate production of all deleted SEC messages. The exchange has also hired a private research firm to recover communications that may reveal how the SEC regulated Ethereum and other crypto assets. Coinbase argues this data gap undermines fair administrative review, transparency, and regulatory clarity in its staking services lawsuit. The court will review the procedural motion at an upcoming hearing. Traders should monitor this SEC probe for its potential impact on market stability and compliance standards.
On September 14, blockchain tracker Whale Alert reported that Tether Treasury executed a USDT minting, issuing 1 billion USDT to meet growing demand and bolster stablecoin supply. This substantial USDT minting adds fresh liquidity, enhancing market depth for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), and historically has preceded price rallies. Traders should track on-chain USDT flows to exchanges, monitor trading volumes, market depth shifts, and funding rates in perpetual futures using analytics tools like Etherscan or Whale Alert. While not a guaranteed price pump, this major USDT minting underscores Tether’s critical role in crypto-market liquidity, even as debates continue over reserve transparency and audits. The true market impact will depend on how traders deploy the new USDT, potentially driving short-term bullish momentum and reinforcing long-term liquidity.
Figure IPO by Figure Technology Solutions completed its Nasdaq listing on September 11, raising $788 million at $25 per share. The FIGR stock opened 44% higher at $36 and closed up 24% at $31.11, valuing the blockchain lender at $6.6 billion. Founded in 2018 by former SoFi CEO Mike Cagney, Figure uses its Provenance blockchain and AI credit assessment—powered by OpenAI and Google Gemini—to cut home equity loan approvals from 40 to 10 days.
In 2024, Figure generated $341 million in revenue and $20 million in net profit. First-half 2025 revenue rose 22% to $191 million, with net profit of $29 million. The Figure IPO was 25× oversubscribed, attracting investors like DCM, Ribbit Capital and Gemini Investments. As the latest crypto industry IPO after Circle and Bullish, the Figure IPO underscores growing demand for blockchain lending and real-world crypto finance solutions.
On-chain data from HyperLiquid shows an ETH whale first deposited $2.91M USDC to open a 25x leveraged short on Ethereum (ETH) and later topped up its USDC deposit to $4M, reducing leverage to 20x to raise its liquidation price.
The whale still holds $14M in unrealized losses and $26M in total losses. This active margin management underscores persistent bearish sentiment among major investors and highlights DeFi’s on-chain transparency.
Traders should monitor ETH whale movements, leverage ratios and liquidation thresholds on HyperLiquid, as these could trigger forced liquidations and heighten ETH price volatility in the near term.
Corporate Bitcoin holdings have surged past $113 billion, reflecting growing institutional investment and corporate treasury diversification. According to BitcoinTreasuries data, public companies now hold over 1 million BTC (roughly $112.4 billion), with MicroStrategy leading the way at 638,460 BTC (about $73.6 billion), representing 64.3% of these reserves. Mining firms follow: Marathon Digital (MARA) holds 52,477 BTC, 21 Capital (XXI) owns 37,229 BTC, Bullish holds 24,340 BTC and Riot Platforms 19,309 BTC. Non-traditional adopters such as MetaPlanet raised $1.4 billion for 20,136 BTC, while GameStop and Tesla also maintain significant Bitcoin positions. Analysts note that corporate Bitcoin adoption remains in early stages, intensifying the supply-demand imbalance. Drivers include Bitcoin’s appeal as a digital gold inflation hedge and positive stock-price reactions—Animoca Brands saw a 150% average jump after announcing BTC purchases. U.S. spot Bitcoin ETFs continue to attract capital, with $552.8 million in inflows on September 11, as BTC trades near $115,220.
Trump’s CFTC nominee Brian Quintenz has released private texts exchanged with the Winklevoss Twins. In July messages, Tyler and Cameron Winklevoss pressed the CFTC nominee to secure favourable action in Gemini’s lawsuit, accusing the agency of abusing legal procedures during a 2017 Bitcoin futures inquiry. Quintenz refused and made the texts public. The twins then lobbied President Trump to delay his confirmation, citing conflicts. This clash underscores rising tensions between major crypto exchanges and regulators. Quintenz’s nomination also faces scrutiny over potential conflicts from his Kalshi tenure and access to confidential CFTC data. Traders should monitor CFTC leadership changes and upcoming crypto regulation, as these developments may sway market sentiment and trading strategies.
Asset Entities Inc. completed a reverse merger with Strive Enterprises to form Strive, Inc., implementing a $1.5B Bitcoin treasury strategy. The deal features a $750M PIPE and up to $750M in warrant financing, targeting roughly 13,150 BTC at launch. Strive plans to acquire discounted claims, including up to 75,000 Mt. Gox coins, while remaining debt-free. Pending Nasdaq listing under ticker ASST, the stock jumped 102% on merger news, reflecting strong institutional demand for corporate Bitcoin treasuries. With regulatory approvals underway, Strive aims to rank among the top 10 corporate Bitcoin holders, offering traders leveraged exposure to Bitcoin price movements via ASST.
The GENIUS Act is the latest stablecoin regulation, imposing reserve requirements and audits on issuers while barring direct interest payments. Alabama Senator Keith Kelley warns a loophole allows crypto platforms and affiliates to offer indirect, interest-like incentives. This gap in stablecoin regulation could divert deposits from rural community banks into unregulated exchanges without FDIC insurance. Rural banks rely on local savings to fund farm and small business loans. The Bank Policy Institute warns of potential outflows up to $6.6 trillion, risking credit supply and financial stability in rural America. Kelley calls on Congress to close the loophole and ensure foreign issuers face comparable oversight.
On September 9, 2025, Ripple and Spanish banking leader BBVA unveiled an institutional-grade crypto custody solution powered by Ripple Custody. The partnership lets BBVA retail customers buy, hold and store Bitcoin and Ethereum under a fully compliant, scalable service. Built on Ripple’s 10-year track record and 60+ global licenses, the crypto custody solution meets stringent security, operational and compliance standards. BBVA’s Head of Digital Assets highlighted that this launch builds on earlier blockchain initiatives in Switzerland and Turkey, while Ripple’s Europe MD noted that the EU’s MiCA regulation provides ideal regulatory clarity for digital asset services. The expansion positions BBVA to meet growing demand for secure crypto custody and underscores Ripple’s role as a trusted infrastructure partner.
Bubblemaps has flagged the largest recorded Sybil attack in DeFi, as roughly 100 coordinated wallets exploited the recent MYX airdrop to claim 9.8 million MYX tokens (about $170 million). Funded with BNB via OKX, the addresses activated in unison on May 7 to game the distribution rules, representing over 1% of total supply and peaking above $200 million in value.
MYX Finance defends the airdrop mechanism, noting rewards tied to genuine trading and liquidity. The Cambrian campaign included anti-Sybil measures and allowed address changes for high-volume users. The team promises stronger protections in future crypto airdrops.
Despite the controversy, MYX remains in demand. The token is up 6.5% in 24 hours and over 1,000% this week after an oversubscribed IDO and listings on Binance Alpha Zone, Bitget, and PancakeSwap.
The incident underscores rising DeFi manipulation risks. Chainalysis reports $2.57 billion in wash trading and more pump-and-dump schemes last year. Traders should watch for enhanced anti-fraud measures in upcoming airdrops.
Avalanche Foundation is raising $1 billion through two US-based digital asset treasury vehicles to purchase AVAX at a discount and strengthen market support. The first vehicle, managed by Hivemind Capital with advisor Anthony Scaramucci, seeks up to $500 million via a private placement in a Nasdaq-listed firm, expected to close this month. The second, a SPAC sponsored by Dragonfly Capital, aims to raise $500 million by October. Combined, the funds will acquire around 34.7 million AVAX tokens—approximately 8% of the circulating supply—at a discounted rate, boosting liquidity and price stability. AVAX trades near $29, up 16% in the past week, amid growing interest, including Grayscale’s spot AVAX ETF filing. Traders can view this initiative as a catalyst for wider adoption of the Avalanche ecosystem, enhanced US operations and fortified network reserves.
ETF flows into major crypto funds surged on September 10, 2025, with Bitcoin ETFs drawing $741.5 million and Ethereum ETFs $171.5 million. This boost follows August’s institutional rotation, when Bitcoin ETFs saw over $2 billion in net outflows and Ethereum ETFs amassed nearly $4 billion, led by BlackRock’s ETHA ($314.9 million) and Fidelity’s FETH ($87.4 million). Over the past two days, BlackRock also added 413 BTC (~$46 million) and 73,864 ETH (~$343 million) to its ETF holdings. Ethereum’s DeFi and Layer-2 ecosystem continue to drive demand, while Bitcoin’s macro-asset status keeps it linked to equity markets. Despite volatility from Fed signals and whale selling, rising ETF flows often presage spot price rallies. Traders should track ETF flows, liquidity, and regulatory news—such as a potential XRP ETF—to assess market sentiment and short-term price trends.