Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bombay Stock Exchange (BSE) has rejected Jetking Infotrain’s IPO application after the IT training firm earmarked 60% of its ₹6 crore fundraising for crypto investment. Jetking secured in-principle approval on May 9, 2025, and planned to issue over 396,000 shares to raise about ₹6 crore. Under BSE rules, public capital cannot be raised for virtual digital asset purchases, though companies may use internal profits to hold crypto. This latest Jetking IPO rejection underscores India’s cautious regulatory stance and may slow the rise of crypto treasury management strategies in public listings. Jetking is evaluating options, including an appeal to the Securities Appellate Tribunal.

OKX global managing partner Haider Rafique warns that a national Bitcoin strategic reserve introduces price manipulation risk and could undermine decentralization. He cites Germany’s 2024 sale of 50,000 BTC, which kept prices below $60,000, as a case study of liquidation risk from policy shifts. Concentrated state holdings also signal USD weakness, prompting investors to shift to safe havens like gold or the Swiss franc. This contagion could trigger broad sell-offs across risk assets and threaten market stability. Rafique cautions that building a Bitcoin strategic reserve risks undermining neutrality and introducing systemic risk, challenging proposals to make BTC a global reserve.

PerpDEX market sees Aster DEX challenge long-time leader Hyperliquid. Global PerpDEX daily volume jumped to $52 billion in September 2025, up 530% year-to-date. Aster DEX, backed by APX Finance and Astherus, recorded a 1650% token surge, $371 million first-day volume and lifted TVL from $370 million to $1.74 billion. It offers up to 1001× leverage, hidden orders and yield integration. Hyperliquid’s HyperCore order book has processed $2.76 trillion in cumulative volume and $15.6 billion in 24 h trades, but its market share slid from 80% to 38%. It maintains deep liquidity with sub-0.2 bp spreads and an ecosystem including Kinetiq (TVL $1.8 billion), Pendle (TVL $12.3 billion), Based (24 h revenue $90 000), HyperLend (TVL $524 million) and Hyperbeat (TVL $387 million). Hyperliquid plans HIP-3 for custom perpetuals and the USDH stablecoin targeting $5.5 billion with 95% fee burns. Traders should watch liquidity shifts, leverage offerings and fee structures as PerpDEX competition intensifies.

Grayscale’s Q3 2025 report labels the period a ’special altcoin season’ as altcoins outpaced Bitcoin despite BTC’s record $124,000 high in August. Sector gains spanned Ethereum, AI tokens and smart contracts, bolstered by July’s stablecoin legislation in the US. Rising crypto treasuries on corporate balance sheets and surging centralized exchange volumes supported the rally. However, Bitcoin returns still lagged gold and equities amid ongoing stablecoin outflows. Looking ahead, Grayscale expects this altcoin season to extend into Q4, driven by pending US market-structure laws and the SEC’s approval of new crypto ETF listing standards covering BTC, ETH, XRP, SOL and ADA.

Shiba Inu (SHIB) is eyeing a 250% rally if it holds above the $0.00001010 support level. Resistance sits at $0.00003400 and $0.00006700. The token has traded between $0.000012 and $0.000015 in recent months, facing supply walls near $0.000020. A breakout above this ceiling could trigger further gains. DeFi protocol Mutuum Finance (MUTM) has raised over $16 million in stage 6 of its presale. Tokens sold out 50% at $0.035, attracting more than 16,600 investors. Stage 7 will lift the price to $0.04, offering early participants a 14.3% gain. Traders are assessing the high-risk, high-reward potential. Mutuum Finance’s double-lending model (P2P and P2C) aims to optimize liquidity and yields on Ethereum. The project has launched a $50,000 USDT bug bounty and a $100,000 token giveaway to boost security and engagement. A soon-to-debut over-collateralized USD-pegged stablecoin adds further utility. Traders weigh Shiba Inu’s breakout potential against the utility-driven appeal of MUTM. A successful SHIB rally could renew meme-coin momentum. Meanwhile, strong presale momentum underscores growing investor appetite for DeFi tokens. Market participants should monitor support and resistance levels closely.

Eric Trump has renewed his “buy the dips” slogan on X, urging crypto investors to enter positions as Bitcoin and Ethereum trade near critical support levels. Over the past week, BTC fell more than 5% to around $109,430, while ETH dropped over 10% to near $4,020. Trump’s calls carry weight given his $1.5 billion stake in American Bitcoin, the Nasdaq-listed mining and accumulation firm he co-founded with Hut 8, and his advisory role at Japanese bitcoin treasury company Metaplanet, which plans a BTC-backed capital raise. Previous “buy the dips” endorsements from Trump triggered a brief 30% ETH rally in February, followed by a 49% correction, and sparked a 7.3% ETH bounce in August before prices ended that week 15% lower. Analysts warn that celebrity-driven “buy the dips” calls often lead to short-term volatility driven by headlines but struggle against broader market downturns. Traders should weigh Eric Trump’s bullish stance against the risks of rapid price swings when considering new entries.

Luke Dashjr, maintainer of Bitcoin Knots, has proposed a Bitcoin hard fork to remove illicit data, including CSAM, from node mempools. The plan would establish a trusted multi-signature committee empowered to retroactively replace illegal content on the blockchain with zero-knowledge proofs. The proposal requires consensus changes and risks a network split, clashing with Bitcoin Core developers who favour raising transaction data limits over censorship. Critics warn that this Bitcoin hard fork undermines censorship resistance, exposes node operators to legal liabilities and may be technically infeasible. Proponents argue that stricter mempool filtering is vital to protect the network from non-monetary spam. This debate revives core questions about governance, trust and the scalability of Bitcoin’s blockchain.

RWA tokenization surged to over $27 billion in the past year, led by BlackRock’s $1.7 billion BUIDL fund. Major institutions—Franklin Templeton, Apollo and KKR—have piloted tokenized U.S. Treasuries, private credit and real estate, while China completed its first RMB 100 million charging-pile deal. Yet issuance barriers remain high: legal compliance, technical integration and cross-border channels drive per-issue costs to RMB 3–6 million and timelines beyond eight months. Liquidity is weak as BlackRock’s BUIDL token, despite a $2.28 billion market cap, has under 100 holders and fewer than 20 active monthly addresses. Asset quality and transparency differ widely, with many platforms lacking regulated custody, insured storage and real-time audits. The SEC’s push for clearer disclosures and stricter KYC/AML requirements underscores growing compliance demands. The RWA tokenization market, forecast to reach $16.1 trillion by 2030, hinges on robust crypto infrastructure, clear regulation and DeFi-based liquidity rails. Traders should balance long-term institutional inflows against short-term cost, regulatory and liquidity constraints.

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

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

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

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

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

SharpLink Gaming Inc (Nasdaq: SBET) has partnered with Superstate to execute equity tokenization of SBET shares on Ethereum using the Opening Bell platform. The move marks the first direct on-chain issuance of a public company’s registered equity via a compliant digital transfer agent. By issuing tokenized shares directly on-chain, SharpLink aims to modernize capital markets and align with the SEC’s Project Crypto framework. The initiative seeks to unlock deeper liquidity, global investor access and real-time settlement. SharpLink, chaired by Ethereum co-founder Joseph Lubin, holds over 838,000 ETH in its treasury and has generated 3,815 ETH through staking, underscoring its on-chain commitment. The company plans to explore AMM-based secondary trading of tokenized shares on DeFi protocols, though details on timeline, SEC approval, share migration and fee structure remain pending. SBET stock fell 7.6% to $16.26 following the announcement, highlighting the project’s experimental nature. If successful, this equity tokenization could pave the way for broader tokenized share offerings and reshape capital market efficiency on-chain.

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

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

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

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

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.

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.

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.

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.

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.