Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

CoinShares Nasdaq debut via a $1.2 billion SPAC merger with Vine Hill Capital and Odysseus Holdings completed on September 8, making it the first European Web3 company on a major U.S. exchange. The transaction values CoinShares about 37% above its Stockholm market cap and includes a $50 million anchor investment. Founded in 1998, CoinShares pivoted to digital assets in 2014 and now manages over $8 billion in assets (AUM), ranking fourth globally. In Q1–Q2 2025, it reported revenues of $39.96 million and $41.52 million with a 75% EBITDA margin. Asset management accounts for 74% of revenue, while capital markets and proprietary trading remain volatile. Backed by clearer U.S. regulation and rising institutional interest, the CoinShares Nasdaq SPAC listing aims to boost U.S. growth and set a benchmark for European crypto firms.

A recent NPM hack compromised 18 versions of popular Node packages, including chalk, debug and strip-ansi. Attackers stole developer credentials via a phishing email posing as NPM support. They then published malicious updates that silently replaced copied crypto wallet addresses with hacker-controlled ones. Affected networks include BTC, ETH, SOL, TRX and LTC. Although only about $50 was stolen, Ledger CTO Charles Guillemet warns that such supply chain attacks pose a major crypto security risk. TON CTO Anatoly Makosov urges developers to apply patches, lock dependencies and rebuild apps to remove clipboard hijacks. Traders should use audited or hardware wallets, verify transaction signatures and monitor package integrity to guard against software wallet vulnerabilities.

Robinhood Markets will be added to the S&P 500 index on September 22, while MicroStrategy was unexpectedly excluded. Robinhood’s market capitalization has doubled year-to-date to over $100 billion, and its diversified revenue streams—including $160 million in Q2 crypto transaction revenue, new stock tokens in Europe, and U.S. crypto staking—secured its S&P 500 inclusion. This index effect is likely to attract more than $10 billion in passive inflows, sending HOOD shares up 7% on the announcement. MicroStrategy met the formal S&P 500 criteria but was rejected, likely due to past GAAP losses under bitcoin accounting rules, volatility from its over 3% Bitcoin supply holdings, and ongoing regulatory uncertainty. Despite a $10 billion net income in Q2, MSTR shares fell 3% after the decision. Traders should note the divergence between traditional profitability metrics and crypto-centric business models in index inclusion decisions. The S&P 500 inclusion signals growing mainstream crypto adoption. For traders, these developments highlight the impact of stable earnings and market cap requirements on index-driven capital flows. The moves in HOOD and MSTR offer insights into how major indices can influence both stock performance and sentiment in the crypto market.

Cboe Global Markets will launch 10-year cash-settled continuous futures for Bitcoin (BTC) and Ethereum (ETH) in the US on Nov. 10, pending regulatory approval. These continuous futures eliminate manual rollovers with a transparent daily funding rate tied to real-time spot prices, mimicking offshore perpetual futures in a regulated, US-clearing environment. The offering aims to capture institutional and retail demand for regulated crypto derivatives by replicating offshore trading volumes onshore, reinforcing Cboe’s position in the regulated crypto derivatives market. With crypto derivatives accounting for over 75% of trading volume and perpetual futures driving 68% of Bitcoin turnover, Cboe joins Coinbase and SGX in shaping the competitive landscape of compliant futures products.

SEC’s Project Crypto, unveiled by Chair Paul Atkins, proposes a unified regulatory framework for crypto trading, lending and staking. By defining clear rules on token classification, custody standards and DeFi oversight, Project Crypto aims to replace ad hoc enforcement with principle-based guidelines. Aligned with the EU’s MiCA and backed by inter-agency coordination, the initiative would allow regulated ‘super-apps’ to offer bundled services under one compliance regime. The plan reduces duplicate compliance costs, fosters competition among smaller innovators and provides legal certainty for exchanges, custodians and issuers. Next steps include drafting rule changes, soliciting stakeholder feedback and publishing rulemaking timelines. Traders and firms should assess token inventories, review custody models and strengthen anti-fraud controls to prepare for the proposed rules.

Nasdaq has filed a rule change proposal with the SEC to enable trading and settlement of tokenized securities on its regulated exchange. The plan expands the definition of securities to include blockchain-based tokens carrying CUSIPs, dividend rights and voting privileges identical to the underlying shares. After matching under existing rules, participants can choose settlement via traditional records or as blockchain tokens. Clearing by the DTCC on a permissioned ledger preserves regulatory oversight while unlocking 24/7 trading and near-instant T+0 settlement. The move aligns with a joint SEC-CFTC initiative to bring regulated crypto products into mainstream markets and defends Nasdaq’s market share against native crypto exchanges. Tokenized securities promise lower capital lock-up, fractional ownership and potential integration with DeFi protocols, boosting institutional capital efficiency and reducing counterparty risk. Retail benefits remain limited under current zero-commission trading and T+1 cycles. Nasdaq’s blockchain track record spans Linq, ChainCore and the Nasdaq Financial Framework. Major institutions including BlackRock, Franklin Templeton and KKR have issued tokenized fund assets, mainly via brokers. Global peers are already active: Hong Kong’s Fosun tokenized $328m of Sisram Medical shares on Solana and Ethereum, while China Merchants Bank piloted tokenized money-market funds on Solana. Pending SEC approval, Nasdaq could launch its tokenized securities platform by 2026, marking a critical step in regulated asset tokenization.

Japan’s Metaplanet Holdings has launched a $1.45 billion global share sale, combining 385 million new shares and a block sale of existing equity underwritten by leading banks. Proceeds will fund large-scale Bitcoin acquisitions as part of a strategic treasury management shift. Following MicroStrategy’s model, this capital raise underscores rising institutional adoption, could absorb significant BTC supply, and boost market sentiment. Traders should watch potential price support amid increased corporate demand and monitor regulatory developments influencing crypto volatility.

Nasdaq will invest $50 million in Gemini IPO, scheduled for September 12, 2025. The Gemini IPO is priced at $17–$19 per share, seeking to raise $317 million by issuing 16.7 million shares under the ticker GEMI. Under the non-exclusive placement, Nasdaq clients gain access to Gemini’s custody and staking services while Gemini’s institutional users integrate Nasdaq’s Calypso collateral management platform. This partnership closes immediately post-IPO at the IPO price minus underwriting fees, subject to market conditions. The deal aligns with Nasdaq’s push for tokenized securities trading following its SEC filings. Ahead of the Gemini IPO, rivals like Kraken and Coinbase are also exploring asset tokenization.

UK-registered APT Miner has introduced a renewable-powered XRP cloud mining service that lets token holders deposit XRP to activate flexible contracts, earn daily dividends as passive income, and receive their principal back at maturity. This XRP cloud mining platform removes the need for hardware, electricity, and maintenance by leveraging wind, hydro, and solar energy. Plans range from trial to long-term agreements, with new users receiving a $15 registration bonus. Launched amid a crypto rebound after the Fed’s Jackson Hole comments, the XRP cloud mining model transforms idle tokens into predictable yield, adds sustainable utility beyond price appreciation, and may attract crypto traders seeking stable income.

Kazakhstan has launched a National Crypto Fund and CryptoCity initiative to accelerate digital finance transformation. The Kazakhstan crypto fund will accumulate bitcoin and strategic cryptocurrencies, backed by seized assets, state mining revenues and potential sovereign wealth allocations. Managed by the National Bank’s investment arm, the fund aims to hedge fiat volatility and bolster economic resilience. In parallel, CryptoCity will serve as a blockchain-focused smart zone in Alatau for token issuance, cryptocurrency payments and an expanded digital tenge CBDC. The financial regulator now accepts stablecoins for fees and has released a stablecoin rulebook. The Astana International Exchange will list Central Asia’s first spot bitcoin ETF, benefiting over 4,000 AIFC crypto and fintech firms. With 2.5–13% of global bitcoin hashrate and projected mining revenue growth by 2027, this strategy reflects a de-dollarization trend and aims to boost financial sovereignty and foreign investment. A digital assets law due in 2026 will address AML standards, energy use and legal clarity. Challenges in infrastructure and public education remain, but successful execution could position Kazakhstan as a leading global crypto hub.

At the Eastern Economic Forum, Kremlin adviser Anton Kobyakov claimed that Washington plans to shift about $35 trillion of US debt into stablecoins to engineer a ‘crypto cloud reset’ that devalues existing liabilities and restores confidence in the dollar. He drew parallels to the 1933 suspension of the gold standard and Nixon’s 1971 Bretton Woods exit, when the US untied the dollar from gold and offloaded inflation costs onto foreign creditors. However, market data show that total stablecoin supply is under $300 billion, far too small to absorb federal obligations exceeding $37 trillion. The recent GENIUS Act requires providers like Tether (USDT) and Circle (USDC) to back each token with cash or US Treasuries and publish reserve attestations, which would actually boost demand for US debt rather than reduce it. Meanwhile, US authorities have set up a Strategic Bitcoin Reserve and are reviewing the BITCOIN Act, signaling growing government engagement with crypto. Crypto traders should note that these developments highlight potential shifts in monetary policy and reserve allocation but are unlikely to materialize given current stablecoin market size. Bitcoin (BTC) trades near $113,000, and government-backed crypto holdings could add long-term support for digital assets.

DeFi protocol Sky (formerly MakerDAO) has submitted a proposal to become the issuer of Hyperliquid’s USDH stablecoin, offering 4.85% yield on USDH holdings and $2.2 billion in USDC for instant off-chain redemptions via its Peg Stability Module. Sky also pledges a $25 million “Hyperliquid Star” growth fund, multichain support through LayerZero, Basel III–compliant risk frameworks and leverages its S&P B- credit rating. With $8 billion circulating in USDS and DAI and $13 billion collateral backing, Sky plans to allocate over $250 million of its profits to build SKY liquidity on Hyperliquid. Co-founder Rune Christensen highlighted the alignment on real profits and decentralization. Since the bid, Hyperliquid’s native token HYPE has jumped 12% to $53.36 and trading volume is up 141% to $397 million. Validators will vote on September 14 among competitors including Paxos, Frax Finance, Agora and Native Markets, underscoring intensifying competition for stablecoin issuance.

Gemini has filed for a $317 million Nasdaq IPO under the ticker GEMI, targeting a September 12 listing. As part of the private placement, Nasdaq will invest $50 million, linking Gemini’s custody and staking services with its Calypso trading and risk platform. The deal will make Gemini the third US-listed crypto exchange after Coinbase and Bullish if completed. In parallel, Gemini is expanding in Europe under MiCA rules, launching ETH and SOL staking with flexible pools, no minimum deposits and up to 6% APR, and offering MiFID II-regulated perpetuals with up to 100× leverage and USDC collateral. Nasdaq has also filed with the SEC to trade tokenized securities on regulated venues. The Gemini IPO benefits from a recovering US equity market and recent crypto listings like Circle (CRCL) and Bullish (BLSH) that delivered strong rallies. Anticipated Fed rate cuts could further boost demand for new issues, supporting a bullish outlook for the Gemini IPO.

Dunamu, parent of South Korea’s top exchange Upbit, has launched Giwa, an Ethereum Layer2 scaling network. Giwa testnet on the OP Stack delivers 1-second block times and has processed over 4 million Sepolia blocks. The network supports EVM smart contracts with Solidity-compatible code for seamless dApp deployment. A dedicated Giwa Wallet is in development. The platform will integrate Korean won–pegged stablecoins at launch, aligning with South Korea’s digital asset regulations. CEO Oh Kyung-seok unveiled these features at the 2025 Upbit D Conference. With Upbit’s 73% domestic market share and $22.5 billion in 24-hour volume, Giwa benefits from strong liquidity. It competes with Binance’s BNB Chain and Coinbase’s Base for developers and capital. Cross-chain bridges, transparent governance, and flagship dApps will be key to attracting users. Key milestones include mainnet launch, native stablecoin issuance, and first major applications. By hiding blockchain complexity behind a user-friendly interface, Giwa aims for mainstream adoption and improved on-ramps into Web3.

Crypto sentiment has slid into the fear zone, with the Crypto Fear & Greed Index dropping from neutral to 44 (Fear). Traders are adopting risk-off strategies and rotating funds into large-cap cryptocurrencies like Bitcoin (BTC), Ether (ETH) and XRP. On-chain data from Santiment shows capital flowing out of small-cap altcoins back into major tokens. Over the past month, BTC has fallen 5% while ETH rose 9%, and the total crypto market cap stands at $3.82 trillion. Despite an Altcoin Season Index reading of 56, many altcoins remain under pressure. Bitfinex analysts warn that a broader altcoin rally may be delayed until new spot crypto ETFs launch later this year. Some traders, including @rektfencer, view the current pullback as a final “shakeout” that could pave the way for renewed altcoin momentum. However, technical analysts caution that Bitcoin’s indecisive price action could trigger further short-term swings. The longer-term market outlook now hinges on upcoming ETF approvals and the dynamics of the next halving cycle.

StablecoinX has secured a $530 million PIPE financing, lifting its combined treasury to $890 million. The funds will purchase over 3 billion ENA tokens to strengthen the Ethena ecosystem and support the USDe stablecoin. In parallel, the Ethena Foundation launched a $310 million ENA buyback, bringing total repurchases to $570 million. According to Mark Piano, this measure deepens ENA liquidity and sustains ecosystem products like USDe and USDtb. USDe circulation has more than doubled to over $12 billion, aided by the December 2024 USDtb launch with Anchorage Digital Bank under the GENIUS Act. A new advisory board chaired by Rob Hadick (Dragonfly) will oversee governance, strategic partnerships and long-term shareholder value. The PIPE deal is set to close in Q4 2025. After closing, the merged entity will list on Nasdaq as StablecoinX (USDE). These efforts follow regulatory hurdles—including a BaFin ban in March 2025 and a German buyback settlement—and aim to restore confidence and drive sustainable growth in the Ethena ecosystem.

Nasdaq has filed for SEC approval to trade tokenized stocks and ETFs on a single order book alongside traditional equities. The proposal, slated for Q3 2026, would leverage blockchain for on-chain settlement while preserving full shareholder rights, including dividends and voting. The move follows similar initiatives by Coinbase, Galaxy Digital, and JPMorgan as regulators like the SEC and Congress debate digital asset rules and custody frameworks. Success hinges on regulatory clarity, central clearing infrastructure updates by the DTCC, and market adoption driven by trading efficiency. If SEC approval is granted, these tokenized stocks could set a global precedent and accelerate institutional blockchain integration in capital markets.

Binance has listed WLFI perpetual futures (WLFI/USDC) with up to 75× leverage, going live on September 8 at 08:30 UTC. Settled in USDC, these WLFI perpetual futures support Multi-Assets Mode, allowing cross-asset margin with BTC and other eligible collateral under Binance’s risk framework. The launch follows WLFI’s spot debut and expands Binance’s crypto derivatives suite to boost liquidity and meet trader demand. WLFI is trading around $0.2069 after an intraday 8% drop, with bearish MACD signals; key support lies at $0.20 and $0.186, while a break above $0.22 could target $0.24–$0.25. Analyst Michaël van de Poppe forecasts WLFI could surge to $0.30 if volume picks up, offering leveraged exposure amid volatile markets.

ETH price first broke above the key $4,200 resistance on OKX, rising to $4,201.26 with a 0.23% intraday gain. It then edged past $4,300 to $4,300.30, though the gain narrowed to 0.03%. Despite these breakouts, trading volume remains muted and ETH price is consolidating around $4,300. Traders should monitor follow-through volume to confirm a sustainable uptrend in the crypto market.

Boerse Stuttgart has launched Seturion, its pan-European blockchain settlement platform for tokenized asset trading and settlement. Developed with Solaris Digital Assets, this modular infrastructure supports issuance, registration and secondary market settlement of security tokens and other digital assets. Seturion offers atomic settlement to reduce counterparty risk, supports euro and stablecoin settlement, and connects with major European banking rails. Approved by BaFin and compliant with MiCA, the platform integrates into existing DLT infrastructures without a dedicated license. Early adopters include DWS Group, Börse Stuttgart Digital Exchange (BSDEX) and partner banks. With up to 90% cost savings and faster processing, the blockchain settlement platform aims to streamline cross-border trading, cut settlement times and drive wider tokenized asset adoption across Europe. The launch also aligns with the EU’s upgraded DLT pilot regime under the Savings and Investment Union plan.

Over the four-day Labor Day trading week, U.S. spot Ethereum ETFs recorded net outflows of $787.6 million, including Friday’s steepest single-day exit of $446.8 million, reversing August’s $3.87 billion inflows. In contrast, Bitcoin ETFs saw $250.3 million in net inflows during the same period. Despite the pullbacks, Ethereum’s price has jumped over 16% in 30 days, trading around $4,300 as on-chain data show multi-year low exchange reserves and 14% whale accumulation since April. Institutional support remains strong: BitMine chairman Tom Lee maintains a $60,000 ETH target, and major treasuries hold roughly $8 billion in ETH. Market observers note that Ethereum ETF flows often follow sustained price momentum. Traders expect demand for Ethereum ETFs to rebound if ETH continues its rally. Investors should monitor ETF flows, price trends and supply metrics for fresh signals on institutional adoption and market sentiment.

Tether is stepping up its expansion into the gold sector, exploring gold mining investments across mining, refining and royalty companies. The Tether gold mining push aims to deepen the stablecoin issuer’s commodity exposure and diversify USDT’s backing. Since launching tokenized gold Tether Gold (XAUt) in 2020, Tether has backed 259,000 XAUt tokens with 7.7 tonnes of bullion and holds about $8.7 billion in physical gold reserves. CEO Paolo Ardoino calls gold a “natural counterpart to bitcoin.” In H1 2024 Tether reported $5.7 billion in profits and a market cap of $168 billion. Its XAUt market cap also jumped past $1.3 billion after a single-day $437 million mint in August. Recently, Tether Investments bought a $105 million stake in gold royalty firm Elemental Altus, injected a further $100 million post-merger with EMX, and has held talks with BVI-based Terranova Resources. By deploying crypto profits into the metals market, the Tether gold mining strategy enhances USDT stability and signals bullish momentum for Tether’s commodity-backed offerings, potentially strengthening trader confidence in stablecoin collateralization.

An ICO-era Ethereum whale that purchased 1 million ETH at $0.31 each in 2015 has reactivated after eight years. The whale staked $645 million in ETH, moving tokens into a validator contract while retaining 105,000 ETH in two addresses. This ETH staking deposit highlights growing confidence in Ethereum. Ether recently reached a record $4,946 high and trades near $4,329. Concurrently, crypto whales are accumulating ETH. A seven-year-old BTC wallet liquidated holdings to fund $334 million in ETH longs, and another converted 22,769 BTC into 472,920 ETH. Institutional buyers are also piling in, with Peter Thiel-backed Bitmine Immersion Tech adding 69,603 ETH to reach 1.75 million ETH. SharpLink Gaming and FalconX-linked wallets increased their ETH reserves. Combined with spot ETH ETF inflows and favorable regulation, this wave of whale activity supports a bullish outlook for Ethereum.

Ethereum PoS validator queues have shifted significantly. On August 29, the exit queue peaked at 1.06 million ETH (18 d 9 h wait) while the deposit queue stood at 735,126 ETH (12 d 18 h wait). Recent data shows the exit queue has fallen to 789,101 ETH with a 13 d 17 h wait, and the deposit queue has climbed to 936,769 ETH with a 16 d 6 h wait. These changes in Ethereum PoS queues reflect growing staking demand and validator churn. Traders should monitor exit and deposit queue metrics to assess staking liquidity, anticipate ETH supply flows, and adjust trading positions based on potential price and liquidity impacts.

ReversingLabs researchers have uncovered a novel supply-chain malware campaign that uses Ethereum smart contracts to conceal malicious payload URLs, bypassing traditional security scans. Attackers published two trojanized NPM packages—colortoolsv2 and mimelib2—disguised as Solana and Hyperliquid trading bots on GitHub. Once installed, these packages query specific Ethereum smart contracts on-chain to retrieve command-and-control server details for second-stage malware. Attributed to Stargazer’s Ghost Network, the operation relied on fake GitHub accounts, inflated stars, automated commits and rotating dependencies across new repositories to evade detection. This advanced exploitation of smart contract functionality highlights critical risks in blockchain-based supply chains and NPM package security, underlining the need for rigorous open-source library vetting, continuous GitHub metric monitoring and enhanced blockchain security practices.

Ethereum whales and institutions are accelerating ETH accumulation. Bitmine Immersion Technologies added over 80,000 ETH from Galaxy Digital and FalconX, bringing its treasury to 1.95 million ETH (1.44% of supply). On-chain data from Glassnode shows large whales resumed buying, adding 411,000 ETH in 30 days after net inflows peaked at 2.2 million ETH in August. Ethereum price traded between $4,200 support and a $4,946 high this month. It remains above the 50-day and 100-day moving averages. Key levels to watch are $4,500 resistance and $4,200 support. A daily close above $4,500 could spur a rally toward $5,000. Staking queues of 833,141 ETH and spot ETF inflows support a bullish long-term outlook. Traders should monitor whale inflows and technical levels for market strength signals.

Polymarket has received a no-action letter from the U.S. Commodity Futures Trading Commission (CFTC), clearing the way for its relaunch in the United States. The approval is tied to Polymarket’s $112 million acquisition of QCX LLC, a CFTC-licensed derivatives exchange, and QC Clearing LLC, now operating as Polymarket US and Polymarket Clearing. CEO Shayne Coplan hailed the swift decision, calling it a record-time approval for regulated prediction markets. Last November, Coplan faced an FBI raid over alleged unauthorized commodity exchange operations, and both DOJ and CFTC investigations have since closed. The no-action letter provides legal certainty for Polymarket’s US return and sets the stage for its expansion in the regulated US prediction-market sector. High-profile backer Donald Trump Jr., through 1789 Capital, has joined Polymarket’s advisory board following the clearance.

Anchorage Digital, a US-regulated crypto bank, has formally launched institutional custody and staking for Starknet’s native token STRK at a 7.28% APR, surpassing U.S. Treasury yields of 4–4.5%. Having supported STRK custody since January, Anchorage adds staking this week, strengthening its partnership with Starknet—the seventh-largest Ethereum Layer 2 by $545 million bridged value. Starknet Foundation’s James Strudwick notes the potential to unlock new DeFi opportunities for institutions. This move addresses rising demand for higher-yield, secure, regulated crypto products and could drive further institutional adoption of Layer-2 scaling solutions.

Grayscale Investments has launched the Ethereum Covered Call ETF (ETCO) on the NYSE Arca, marking its entry into yield-oriented Ethereum products. The Ethereum Covered Call ETF writes covered calls on spot Ethereum trusts—Grayscale Ethereum Trust (ETHE) and Ethereum Mini Trust—collecting biweekly premiums to generate income. ETCO holds at least 80% of its assets in derivatives tied to Ethereum ETPs and began trading with $1.4 m in assets under management. The actively managed ETF targets biweekly distributions and carries a 0.66% expense ratio. By capping upside during rallies, ETCO seeks to deliver consistent yield and mitigate volatility. This launch complements Grayscale’s existing Bitcoin Covered Call ETF and Premium Income ETF, reflecting growing demand for complex income strategies in regulated crypto ETFs.