Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Backpack EU, formerly FTX EU and now operating as Trek Labs Europe, has secured a CySEC MiFID II license after acquiring FTX EU in early 2025 and settling potential FTX violations with a €200,000 fine. The platform has committed to full customer refunds and, under its MiFID II license, has launched one of Europe’s first fully regulated crypto derivatives markets. It now offers perpetual futures trading to European traders under CySEC oversight. This development enhances security, transparency and market credibility, reflecting growing regulatory maturity in the EU crypto sector. Traders can anticipate a broader product range, stronger governance and new opportunities within a regulated framework.

Standard Chartered has updated its forecast for the Fed rate cut in September 2025 to 50 basis points, up from a prior 25 bp outlook. The revision follows cooling U.S. labor market data—August nonfarm payrolls and rising unemployment—and dovish remarks by Fed Chair Jerome Powell at Jackson Hole. Markets now price a 90% chance of at least a 25 bp cut and a 10% probability of a 50 bp move. At a current policy rate of 4.25–4.50%, a 50 bp cut would mark the first major monetary policy easing of 2025, likely weakening the dollar, lowering borrowing costs, and boosting liquidity. Crypto traders should watch upcoming CPI, jobless claims, and Fed statements, as any data shifts could reshape Fed rate cut timing and spark fresh bullish momentum in digital assets and risk assets.

On September 8, a hacker carried out a Nemo Protocol hack on the Sui blockchain, draining $2.4 million in USDC. The attacker withdrew USDC from the Arbitrum network and bridged the funds to Ethereum via Circle. To avoid asset freezing, the hacker swapped USDC for DAI and ETH. Following the exploit, Nemo’s total value locked plunged from over $6 million to around $1.5 million. The Nemo Protocol hack underscores persistent DeFi security risks. This breach marks the third major DeFi exploit in early September—after the $2M OlaXBT and $8.4M Bunni hacks—and contributes to August’s $163M in losses. Traders should monitor reserve balances, bridge flows and adjust risk exposures.

On-chain data from @XRPwallets reveal Coinbase XRP holdings fell from 750M to 132M tokens, now stored across eight cold wallets with 16.5M XRP each. Coinbase XRP’s integration into BlackRock’s Aladdin institutional platform coincides with withdrawals that reduced balances from 200M last week to 132M today. Observers say the move reflects custody reallocation for institutional clients rather than market sales. Reduced on-exchange liquidity could heighten volatility and spur bullish pressure, as past large withdrawals preceded rallies. Traders should watch on-chain flows, Aladdin updates and order-book depth for liquidity signals.

Ordinals developer Leonidas has threatened a Bitcoin Core fork if node operators censor or reverse upcoming policy changes supporting Ordinals and Runes. He plans to fund an open-source fork that removes nearly all transaction policy rules. This move responds to Blockstream CEO Adam Back’s remarks labeling large data embeddings as junk spam. Alternative client Bitcoin Knots has surged from 67 to over 4,380 visible nodes, now representing more than 18% of the network. This growth precedes Bitcoin Core v30’s planned October release, which removes the 80-byte OP_RETURN limit. Leonidas warns that reversing support sets a dangerous precedent. Ordinals and Runes have generated over $500 million in miner fees. Daily fees peaked at $9.99 million in December 2023 and show seasonality with lower totals in mid-2025. Miners controlling over 50% of hash rate remain supportive if fees stay competitive. Traders should monitor the Bitcoin Core fork debate, node adoption trends, miner signals, and policy shifts. The dispute could affect blockspace usage, on-chain activity, and Bitcoin’s fee market. A split might lead to network fragmentation and volatility.

Kinto token collapsed over 80% after the team announced shutting its Ethereum layer-2 network on Sept 30. The move follows a July exploit that leveraged an OpenZeppelin ERC-1967 Proxy vulnerability to mint 110,000 fake Kinto tokens on Arbitrum and drain 577 ETH (~$1.9 M) from Uniswap and Morpho pools. Under the Phoenix Program, Kinto raised $1 M in debt to stabilize post-hack, but mounting liabilities, failed fundraising and unsustainable yields forced the shutdown. Remaining assets of ~$800,000 will reimburse Phoenix lenders (~76% recovery), while Morpho hack victims can claim up to $1,100 each from a $55,000 goodwill fund partially backed by co-founder Ramon Recuero’s $130,000 pledge. Users must withdraw assets by Sept 30; in October, an Ethereum mainnet claim contract and an ERA airdrop (Oct 15) will allow balance recovery, with any surplus returned via Snapshot governance. The Kinto token now trades at $0.38, marking co-founder Recuero’s second failed DeFi project after Babylon Finance’s 2022 exploit.

Sonic Labs has approved a governance proposal to issue 633.9 million new S tokens (approximately $196.5 million) to fuel its US expansion and institutional adoption. This tokenomics overhaul raises total supply from 4.12 billion to 4.75 billion and increases circulating S token supply by 14% to 3.79 billion. Allocation splits include 150 million tokens for US operations under Sonic USA, 322.6 million locked in a Nasdaq PIPE vehicle for at least three years, and 161.3 million earmarked for an S token-tracking ETP custodied by BitGo. To mitigate dilution, Sonic Labs introduces new burn mechanics: builder-related transactions return 90% of gas fees to builders, 5% to validators and burn the remaining 5%, while non-builder transactions burn 50% of fees. The proposal also integrates onchain economic data via Chainlink and Pyth oracles in partnership with the US Department of Commerce, enhancing developer access to macroeconomic statistics for derivatives and lending protocols. Traders should monitor onchain burn rates, ETP launch timings and net deflationary pressures from the updated tokenomics, as this overhaul could drive demand for the S token and strengthen its link between TradFi and crypto markets.

On Bitcoin Day, El Salvador made a new BTC purchase, adding 21 BTC to its sovereign reserves in a move that cost about $1.15 million. This El Salvador BTC purchase continues the government’s sovereign BTC accumulation since adopting bitcoin as legal tender in 2021. To boost bitcoin usage, the state offers a $30 bonus via the Chivo wallet and has deployed more Bitcoin ATMs and on-ramps. Traders should note that these steady El Salvador BTC purchases underline firm state demand, likely providing price support and signaling long-term bullish fundamentals for BTC.

An inactive wallet reactivated after nearly two years and withdrew 10,366,683 DOGE (≈$2.25 M) from a Binance hot wallet. This Dogecoin whale first tested transfers with 100,000 and 199.88 DOGE before consolidating 10.37 M DOGE and 1 BNB in a new address. The dormant wallet had held only Ethereum and stablecoins in 2021–22. Occurring amid Dogecoin’s sideways trading between $0.09 support and $0.35 resistance, this whale-led Binance outflow highlights renewed large-holder activity. Traders should track on-chain data—transaction hashes, exchange wallet tags, and balance shifts—to gauge whether this move signals accumulation or redistribution. Key technical levels to watch are $0.35 and $0.09. Combining on-chain analysis with price action can clarify the motive behind the Dogecoin whale withdrawal.

SEC and CFTC will hold a joint roundtable on September 29, 2025, to harmonize crypto regulation in the U.S. The session aims to align product and venue definitions, capital and margin frameworks, and reporting standards across agencies. Regulators will also discuss guardrails for 24/7 trading, event contracts, perpetual contracts, and coordinated DeFi exemptions. This push for clear crypto regulation follows a Senate-backed bill to resolve SEC-CFTC jurisdictional conflicts. The effort will reduce legal uncertainty that has hindered blockchain innovation. Observers view the roundtable as a bullish catalyst. Consistent rules could attract more institutional capital, accelerate blockchain applications, and position the U.S. as a global leader. Traders should watch for updates on derivative classifications, DeFi compliance paths, and new 24/7 market rules. These changes may open fresh trading opportunities.

Crypto phishing attacks spiked 72% in August, with 15,230 victims losing $12.17 million, up from $7.09 million in July. High-value wallets bore the brunt, as the top three whale-related incidents—draining $3.08M, $1.54M and $1.00M—accounted for 46% of total losses. The surge in crypto phishing attacks is driven by EIP-7702 batch-signature exploits on Ethereum, where attackers bundle malicious transactions behind Uniswap swap prompts. Direct transfer and address poisoning scams persist in DeFi and NFT interactions, exploiting vulnerabilities in Pectra-upgraded addresses. Chainalysis data show $2.17B stolen in H1 2025, exceeding 2024’s total. Traders should enforce strict address verification and avoid unknown batch-signature approvals to bolster their blockchain security.

XRP price has formed a triangle pattern on the 12-hour chart since mid-July, trading between $2.70 support and descending highs near $3.16. Analyst Ali Martinez spots both symmetrical and descending triangles with Fibonacci resistance at $3.26 (0.618) and $3.41. A clear breakout above $3.26–$3.40 could trigger a 25% rally toward $3.50–$3.90. Key support at $2.70–$2.80 and resistance at $3.40–$3.61 will guide entry and exit points. A confirmed breakout signals bullish momentum; a drop below $2.70 risks bearish reversal.

Arkham Analytics reports that German authorities missed a Bitcoin seizure of about 45,000 BTC, valued at $5 billion, tied to the Movie2K piracy network. These coins remain scattered across more than 100 wallets, likely still under pirate control. Prosecutors could now secure a warrant to seize and dispose of the Bitcoin. They face three options: an immediate auction, phased sales, or holding a strategic Bitcoin reserve to limit market impact. In mid-2024, Germany sold roughly 49,858 BTC at below $60,000, triggering a 25% price drop and five months of consolidation. Bitcoin later surged to $124,000, leaving over $2 billion in unrealized gains from the prior sale. Traders should track on-chain flows and legal rulings closely. A renewed Bitcoin seizure and resulting block sale could create a supply overhang, cap prices, and spark renewed market volatility.

Ethereum (ETH) has slipped below $4,500 and is consolidating around $4,300–$4,400 after a strong August rally. Traders are shifting focus to Mutuum Finance presale, where the Phase 6 token price is $0.035. Over 16,000 investors have contributed $15.5 million so far. Mutuum Finance presale enters Phase 7 next, lifting the price by 14.3% to $0.04. The DeFi project features a dual-lending model—Peer-to-Contract (P2C) and Peer-to-Peer (P2P)—and plans to launch a USD-pegged, over-collateralized stablecoin on Ethereum. Security measures include a $50,000 CertiK bug bounty and a $100,000 token giveaway. Strong presale momentum highlights growing demand for new DeFi solutions amid Ethereum’s stalled breakout.

Tesla’s board has proposed a record $1 trillion ten-year Tesla compensation plan for CEO Elon Musk. The package grants 96 million restricted shares, worth over $31 billion at current prices. Shares vest over five years. Awards hinge on aggressive performance targets. These include boosting Tesla’s market cap from $1 trillion to $8.5 trillion in 12 tranches. Other milestones cover 20 million annual vehicle production, 1 million robotaxis, 1 million AI robots, and adjusted EBITDA goals. Musk must repay his voided 2018 grant and set up a CEO succession plan. Final approval rests on a shareholder vote at November’s annual meeting. Investors will also decide on a $5 billion investment in Musk’s AI startup xAI. This follows an informal poll on platform X. Proponents say the Musk pay deal aligns incentives and secures his leadership. Critics warn it undermines corporate governance and may divert R&D funds. Institutional investors remain publicly undecided. Crypto traders should watch how governance disputes and capital shifts towards xAI could affect Musk’s focus and market sentiment. The Tesla compensation plan underscores high stakes for Musk and shareholders.

World Liberty Financial has enacted a WLFI blacklist on 272 wallets, freezing 3 billion tokens, notably TRON founder Justin Sun’s 50 million WLFI holdings. The blacklist covers addresses linked to phishing (215), owner requests (50), high-risk flags (5) and misappropriation (1). In response, Sun pledged a $10 million WLFI buyback and $10 million in ALTS shares but later insisted his token move was routine, demanding an immediate unfreeze. WLFI maintains its blacklist does not hinder normal trading yet has not set a resolution timeline. Traders should watch WLFI governance proposals, unfreeze conditions, token liquidity and market sentiment impacts.

Belarusian President Aleksandr Lukashenko has ordered officials to fast-track crypto regulation to provide clear oversight for the country’s expanding digital economy. A State Control Committee inspection revealed transaction record violations and significant outflows of investor funds abroad. Lukashenko has tasked financial authorities and the Hi-Tech Park special economic zone with drafting comprehensive crypto regulation covering digital tokens, mining oversight and investor safeguards to protect financial stability. He also proposed leveraging Belarus’s surplus electricity for bitcoin mining, echoing global trends in hydropower and geothermal projects. Since Decree No.8 in 2017, Belarus has legalized token issuance, mining and smart contracts under Hi-Tech Park with tax exemptions until 2049. However, enforcement gaps have prompted this renewed push to complete the regulatory framework. Traders should monitor the forthcoming draft rules, which may affect exchanges, token listings and mining operations in Belarus.

Hyperliquid has proposed and launched its USDH stablecoin via on-chain governance, with validator approval pending. The USDH stablecoin uses a dual-token model to separate the dollar peg from yield generation. Hyperliquid will cut maker, taker and user fees by 80% on spot markets to boost liquidity. Permissionless token listings and public spot quotes are also enabled to expand market access, and stablecoin revenue will fund the Hyperliquid Assistance Fund. After the announcement, HYPE rose to around $48, marking a monthly high.

Zexpire has launched the presale of its native ZX token at $0.003, an 800% discount to the planned $0.025 listing price. Early investors earn APR staking rewards, cashback, loyalty bonuses and airdrops. As the first DeFi protocol built around zero days to expiration (0DTE) trading, Zexpire simplifies crypto options into a daily one-click prediction game amid a $3 billion daily options volume. The platform’s deflationary model burns 20% of fees, conducts token buybacks and supports Base, Solana, TON and Tron networks plus card payments. Analysts forecast Ethereum (ETH) could reach $5,000 and ZX may hit $3 by year-end if Zexpire captures retail interest. Backed by rising demand for 0DTE DeFi options, Zexpire aims to capture the fastest-growing segment, drive short-term rallies and position itself for the 2025 bull run.

Coinfest Asia 2025 in Bali’s Nuanu Creative City drew over 10,000 attendees from more than 90 countries to the world’s largest crypto festival. The two-day event featured 300 speakers, 100+ main sessions and 100 side events, covering institutional capital, real-world asset tokenization and Web3 adoption in Asia. Industry leaders from Binance (BNB), Ripple (XRP), Polygon (MATIC), Polkadot (DOT) and Pyth Network (PYTH) debated blockchain design and market trends. Sponsors including Bybit, Gate (GT), Tokocrypto (TKO), Bitget (BGB) and Trust Wallet (TWT) hosted interactive booths and live trading challenges. Attendees tested trading skills in Pintu competitions and Anichess chess matches, while Bali’s Ogoh-ogoh parades and cultural performances enriched the experience. Indonesia’s Financial Services Authority (OJK) support signaled advancing regulatory clarity. Organizers say Coinfest Asia 2026 will expand the crypto festival with deeper cultural and community integration.

The U.S. Securities and Exchange Commission (SEC) has established a cross-border task force within its Division of Enforcement to combat crypto pump-and-dump schemes targeting American investors. The unit will harness data analytics and social media surveillance to detect coordinated market manipulation, working closely with international regulators, the Department of Justice, and the Commodity Futures Trading Commission. It will also scrutinize offshore issuers, intermediaries, and gatekeepers, and may implement updated disclosure guidance and rule changes to bolster enforcement. Traders should prepare for heightened oversight, detailed compliance guidance, and swift action against illicit crypto pump-and-dump activity.

Coinbase has updated its listing roadmap to add Keeta (KTA) and Noice (NOICE). Inclusion on the Coinbase listing roadmap signals potential support pending technical, legal and regulatory approvals. Crypto traders can use this early asset listing insight to research token fundamentals, team credentials and tokenomics. Watch for official updates on deposit and trading availability as both tokens advance through Coinbase’s evaluation pipeline. If fully listed, KTA and NOICE could see improved liquidity and price discovery. The Coinbase listing roadmap remains a key indicator of emerging blockchain innovations and market opportunities, offering early clarity for trading strategies.

Strategy’s S&P 500 inclusion is nearing approval after the firm reported $14 billion in unrealized Bitcoin gains and a market cap exceeding $92 billion. Analysts assign a 91% probability that the US Index Committee will confirm Strategy’s S&P 500 inclusion, given its four consecutive profitable quarters, high liquidity, and 636,505 BTC treasury. Inclusion would compel passive index funds and ETFs to buy roughly 50 million shares, potentially driving $16 billion in inflows and supporting Bitcoin demand. The committee may scrutinize Strategy’s debt-funded Bitcoin model and stock volatility—30-day swings near 96%. Meanwhile, success joining the Nasdaq 100 and projects like Bitcoin Hyper’s HYPER token presale indicate growing crypto mainstreaming. Traders should watch for the final decision and its impact on Strategy’s share price and Bitcoin market dynamics.

Analyst Joao Wedson of Alphractal warns Bitcoin may enter a bear market as early as October, risking a drop to a $50,000 capitulation bottom by late 2026 based on historic four-year cycle patterns. Ongoing ETF inflows, rising institutional demand and Asia-US liquidity could temporarily buoy prices, but unmet expectations may trigger sharp declines. Traders are closely watching the $100,000 support level; a failure to hold this threshold could confirm a new bear phase, while a successful defense may pave the way to fresh all-time highs. Conversely, some market observers foresee rallies to $140,000 driven by global liquidity and potential Q4 2025 U.S. political volatility. The debate now centres on whether traditional four-year cycles remain reliable amid evolving market dynamics.

South Korea’s Financial Services Commission (FSC) has capped crypto lending interest rates at 20% and banned all leveraged loans. Under the updated rules, lending is limited to the top 20 tokens by market capitalization or assets listed on at least three won-denominated exchanges. First-time borrowers must complete online training and suitability tests administered by the Digital Asset eXchange Alliance (DAXA). Exchanges must provide advance notifications before any forced liquidation and allow margin top-ups to prevent abrupt position closures. To curb regulatory evasion, indirect crypto lending via third parties is banned. All lending services must use exchanges’ own capital instead of customer deposits. These measures, driven by President Lee Jae-myung’s administration, aim to strengthen oversight, protect investors, and manage systemic risk. FSC nominee Lee Eok-won highlighted alignment with global regulatory trends, while the permanent Joint Investigation Unit (JIU) has already indicted 41 cases and seized $97.5 million in crypto assets.

Bullish Germany’s subsidiary has secured a EU-wide MiCA license from BaFin, enabling the exchange to offer trading, custody, staking and other crypto services across all 27 EU member states. This MiCA license removes the need for separate national approvals and streamlines compliance under harmonized crypto regulation. Under the Markets in Crypto-Assets framework, Bullish must meet consumer protection, operational resilience and AML controls. The regulatory approval is expected to boost transparency, liquidity and market confidence. Traders can access a broader range of compliant trading venues and digital asset services, as Bullish positions itself to compete directly with established exchanges.

Gemini has launched EU staking derivatives to let EEA users trade USDC perpetual contracts and stake ETH and SOL. The move follows MiFID II authorization and a MiCA license from Malta. It expands Gemini’s product suite for retail and institutional clients. In Q2 2025, derivatives volumes hit $20.2 trillion as spot trading fell 32%. EU ETH staking deposits rose 28% to $90 billion. Gemini staking derivatives aim to boost liquidity and market depth ahead of a planned US IPO. The exchange will offer 16.67 million Class A shares on Nasdaq under GEMI, seeking $317 million with Goldman Sachs, Citigroup, Morgan Stanley and Cantor Fitzgerald as underwriters. This positions Gemini as a stronger contender in Europe’s regulated crypto market.

Mega Matrix has filed a $2 billion shelf registration with the U.S. SEC to fund a treasury strategy targeting Ethena’s synthetic stablecoin USDe. The company plans to use USDe fee revenue to accumulate ENA governance tokens rather than holding USDe directly. This approach secures governance rights and indirect exposure to USDe yield. Ethena maintains USDe’s dollar peg through hedged perpetual futures and distributes protocol income via on-chain fee conversion. Ethena Labs reports over $500 million in cumulative interest revenue and a USDe market cap of $12.5 billion, making it the third-largest stablecoin after USDC and USDT. This move follows Mega Matrix’s earlier Bitcoin purchase and reflects growing demand for yield-bearing stablecoins under U.S. GENIUS Act restrictions. While offering potential upside, analysts warn of CDO-like risks and regulatory concerns that could affect market stability.

DeFi Development Corp has boosted its Solana Treasury to over 2 million SOL after purchasing 196,141 SOL for $39.8 million at an average price of $202.76. The firm also acquired $77 million of SOL in a $125 million equity financing round earlier. DeFi Dev Corp stakes its SOL across multiple validators, including its own, aiming to generate staking yield. Each share now represents 0.0793 SOL, up from 0.0675 before the financing. The company launched DFDV UK, the first public Solana Treasury vehicle in the UK, reflecting growing institutional investment. With corporate reserves totaling 8.28 million SOL and major asset managers like Pantera and Galaxy Digital planning billion-dollar projects, ongoing token accumulation could provide lasting support for SOL.