Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Tron implemented Proposal 789 on August 29, slashing the energy unit price from 210 sun to 100 sun and cutting gas fees by 60%. In the first 10 days, Super Representative daily revenue plunged 64%, from $13.9 million to $5 million, hitting a one-year low. Despite the drop, Tron captured 92.8% of weekly layer-1 fee revenue and amassed $1.1 billion in fees over 90 days, outpacing Ethereum (ETH), Solana (SOL), BNB, and Avalanche (AVAX). Lower gas fees aim to spur on-chain activity—driven by stablecoin transfers and everyday payments—and could unlock millions of additional transactions. Traders should watch for sustained volume growth to offset thinner margins and assess implications for TRX demand.

OKX data on September 13 shows Bitcoin price briefly topping $116,000 at $116,026 per coin, marking a 0.79% intraday gain. Trading volume remained steady as bulls eyed the key psychological threshold. Sustaining the breakout above $116,000 could reinforce bullish sentiment. Traders will monitor Bitcoin price movements, support levels around $115,000, and broader crypto market trends to assess whether the rally can hold or faces resistance near higher levels.

Coinbase has launched a FOIA lawsuit against the SEC, accusing the regulator of destroying and withholding key text messages related to cryptocurrency enforcement decisions. The Coinbase FOIA lawsuit cites an OIG report that the SEC lost former Chair Gary Gensler’s messages from October 2022 to September 2023 and failed to preserve records from over 20 senior officials. Coinbase argues this “destroy-and-delay” approach violates federal record-keeping laws and undermines SEC transparency. The exchange is seeking expedited data searches, production of remaining communications, discovery into the scope of spoliation and court-imposed sanctions against the SEC. This case highlights growing tensions in crypto regulation. Traders should watch for potential shifts in regulatory oversight and transparency, as the outcome could set a precedent for how digital asset records are preserved.

Christie’s has closed its digital art department and ended its NFT sales pilot, cutting two staffers including VP Nicole Sales Giles while keeping NFT specialist Sebastian Sanchez. Data from DappRadar and CoinDesk show NFT trading volume fell 45% quarter-on-quarter to $867 million in Q2, even as trade counts rose 78% to 12.5 million. Floor prices for blue-chip NFTs—CryptoPunks (≈46.6 ETH), Bored Apes (≈9.1 ETH) and Moonbirds (≈2.8 ETH)—also slid. By contrast, Ethereum (ETH) jumped 76% to about $4,500. The closure highlights valuation challenges in the NFT market and its volatility. Traders should watch NFT market floor prices and ETH performance for trading opportunities.

On the fourth anniversary of adopting Bitcoin as legal tender, El Salvador purchased 21 BTC—a symbolic nod to Bitcoin’s 21 million cap—despite an IMF agreement that froze voluntary crypto acquisitions. Since March 2024, the government has bought 1 BTC per day, bringing its reserves to 6,313 BTC (≈ USD 700 million). The December IMF Extended Fund Facility requires El Salvador to halt new Bitcoin buys and amend its Bitcoin Law. IMF estimates put the country’s Bitcoin expenditure at USD 300 million since 2021, with over USD 400 million in unrealized gains, though limited disclosure hinders independent audit. To bolster security against quantum threats and improve transparency, the National Bitcoin Office redistributed its holdings across addresses capped at 500 BTC each and launched a public dashboard. Supporters praise the long-term strategy; critics warn of strained IMF relations and compliance reviews through 2027. The move reinforces market sentiment around El Salvador’s bullish stance but raises questions on policy conflicts and audit clarity.

Mutuum Finance has raised over $15.4 million in its presale at $0.035 per token, positioning itself as the next-generation DeFi lending protocol. The platform combines Peer-to-Contract (P2C) pools and Peer-to-Peer (P2P) loans to offer flexible rates for diverse risk profiles. A unique buy-and-distribute mechanism channels fees into token repurchases, directly linking Mutuum Finance’s token value to platform usage. At launch, MUTM tokens are set to list at $0.06, promising nearly 100% gains for early investors. Projections indicate a short-term rise to $0.35 and targets up to $1.25 by 2026 or $1–$3 by 2030. The protocol also plans an overcollateralized stablecoin, CertiK audit score of 95/100, and Layer-2 integration to enhance scalability and security. With low fees, robust risk management, and a roadmap for growth, Mutuum Finance aims to disrupt established DeFi lenders like Compound.

XYZVerse Presale has raised over $15 million since its launch in early 2025, with token prices rising from $0.0001 to $0.0054. The multi-stage dynamic pricing model rewards early investors and supports sustainable demand. The presale integrates sports gamification through a partnership with bookmaker.XYZ, offering exclusive play-to-earn rewards and betting bonuses. XYZVerse tokenomics include a 17.13% deflationary burn rate. The project passed SolidProof KYC and Pessimistic smart contract audits for transparency and security. Looking ahead, the token generation event is scheduled for H2 2025, followed by listings on major centralized and decentralized exchanges. Planned features include staking, a community referral program, and partnerships with sports and entertainment platforms. By combining meme culture, sports engagement, and audited token structures, the XYZVerse Presale delivers real-world utility and robust governance. Traders eyeing growth opportunities may view its strong early traction and clear roadmap as bullish indicators.

Following Ripple’s 2023 legal victories, issuers such as Grayscale, Bitwise and WisdomTree have filed for a spot XRP ETF. The SEC review for spot XRP ETF applications is scheduled between October 18–24, 2025, with prediction markets implying an 87% approval likelihood. Analysts forecast first-month inflows of around $5 billion if the XRP ETF follows Bitcoin and Ether precedents. A spot XRP ETF would offer regulated exposure to XRP via standard brokerage accounts. Key benefits include simplified trading, enhanced liquidity, portfolio diversification and clearer regulatory oversight. However, traders should weigh risks such as market volatility, lack of direct XRP ownership, pre-approval price swings and competition within digital payments. The SEC is also evaluating 92 pending spot ETF applications across assets—including eight for Solana—highlighting broad regulatory scrutiny. Crypto traders should monitor the October 2025 SEC decision window and prepare for rapid market shifts driven by potential institutional adoption of an XRP ETF.

Japan Post Bank plans to launch DCJPY stablecoin by the end of fiscal year 2026. Developed with DeCurret DCP and approved by the Financial Services Agency (FSA), DCJPY is pegged 1:1 to the yen and integrates directly with customer savings accounts. The deposit-backed token enables faster settlements, lower transaction costs, and blockchain transparency within Japan Post Bank’s network. Under the updated Payment Services Act, stablecoin issuers can hold up to 50% of reserves in low-risk assets. The FSA has also created a digital assets and taxation working group to oversee future developments. While DCJPY will not trade on open markets, industry observers view it as a catalyst for blockchain adoption and regulatory clarity in Japan. Industry peers like Monex Group are racing to launch their own yen-linked tokens. DeCurret DCP’s portfolio—including digital bonds and tokenized environmental assets—underscores growing institutional interest in stablecoins and blockchain solutions.

SharpLink Gaming has increased its Ethereum treasury to 837,230 ETH (≈$3.6 billion) by acquiring 39,008 ETH, funded through a $400 million investment from Consensys, at-the-market equity offerings and 2,318 ETH in staking rewards. As the second-largest U.S. corporate ETH holder behind BitMine, SharpLink’s accumulation highlights growing institutional demand for Ethereum as a strategic reserve asset. On-chain data show U.S. companies now hold about 3.233 million ETH (2.68% of supply). Ethereum faces resistance near $4,500 and consolidates above $4,200, while weekly charts have reclaimed key moving averages and fundamentals remain strong. Traders should watch for a breakout above $4,800 or a retest of $4,200 to gauge the next phase. Management cautions that large, concentrated treasuries can amplify losses in severe market downturns, making liquidity risk and staking participation important factors to monitor.

Shiba Inu’s SHIB burn rate has surged dramatically in recent 24-hour windows, with an initial spike of 157,726% removing 2.48 million tokens and a later 6,260% rise destroying 4.55 million. This sustained token burn has trimmed the circulating supply to around 589.24 trillion SHIB, contributing to over 410.75 trillion burned since launch. Following these burns, SHIB price oscillated—rising 1.5% to $0.00001238 after the first surge but falling 3% weekly to $0.00001220—while market capitalization sits near $7.26 billion and trading volume jumps 14.6% to $248.6 million. On the daily chart, SHIB consolidates within a symmetrical triangle, signaling an imminent breakout; a decisive close above $0.0000130 could target $0.0000150 and $0.0000200. Analyst CryptoELITES even forecasts a parabolic rally to $0.0002 if momentum picks up. Short-term indicators—tightening Bollinger Bands, neutral RSI and a near-baseline MACD cross—highlight key levels at $0.0000115 and $0.0000120. A push above the middle band coupled with RSI above 55 may trigger bullish momentum. Traders should monitor the SHIB burn rate trend and technical breakout signals to gauge short-term upside potential and long-term deflationary impact.

Gumi, a Tokyo-listed mobile gaming firm, has approved a ¥2.5 billion ($17 million) XRP purchase as part of a dual digital-asset strategy alongside Bitcoin. Supported by major shareholder SBI Holdings, the firm plans to execute the XRP purchase in tranches from September 2025 to February 2026, citing XRP’s liquidity and cross-border payment use cases and Bitcoin’s role as a store-of-value for treasury diversification. The move follows Gumi’s prior acquisition of $6.5 million in Bitcoin and the launch of a crypto management fund with SBI, including staking activities. Meanwhile, Japan’s Financial Services Agency (FSA) is advancing crypto ETF reforms, combining tax and compliance updates to pave the way for BTC and XRP-linked ETFs. Industry sources expect draft proposals within 12–24 months, offering clearer regulatory pathways for institutional entrants. Following the announcement, Gumi’s shares rose over 6%, XRP traded near $2.73, and Bitcoin held around $108,000. Traders view these developments as reinforcing corporate appetite for digital assets in Japan and signaling a more defined regulatory outlook that could boost institutional crypto adoption.

Ethereum Community Foundation has launched BETH, a new ERC-20 token that issues a 1:1 on-chain receipt for ETH burned under EIP-1559, formalizing proof-of-burn and auditing over 4.6 million destroyed ETH. While BETH carries no inherent token value, developers can integrate it into governance voting, deflationary auctions and expiring namespaces. Since the London hard fork in August 2021, net issuance of ETH stands at 3.8 million against 4.6 million burned, fueling a scarcity debate. To date, 0.339 BETH has been minted. Traders should treat BETH strictly as a burn receipt, note smart-contract risks and not conflate it with native ETH.

El Salvador has redistributed its entire 6,283 BTC reserve into 14 separate wallets capped at 500 BTC each, mitigating single-address exposure and potential quantum-computing threats to elliptic-curve cryptography. A new public dashboard now enables real-time tracking of each address, boosting transparency and accountability. Under President Nayib Bukele, the National Bitcoin Office continues to purchase one BTC daily, bringing total reserves to over $682 million. Separately, the Legislative Assembly passed an Investment Banking Law that allows regulated banks to hold Bitcoin and offer crypto services to accredited investors. By segmenting its Bitcoin holdings and updating custodial frameworks, El Salvador applies standard risk management practices and strengthens its position as a global digital-assets hub. Traders can monitor on-chain movements and gauge institutional adoption through the new dashboard.

VanEck CEO Jan van Eck has dubbed Ethereum (ETH) the “Wall Street token,” citing its smart contracts, staking and role in stablecoin payments, DeFi projects and tokenized assets as core drivers of institutional adoption. He credited the GENIUS Act for bringing dollar-backed stablecoins into the regulated financial system and said banks will soon build on Ethereum or EVM-compatible networks to handle stablecoin flows. Data shows over 19 public companies hold 2.7 million ETH in treasury reserves and use staking to earn yield. Ethereum ETF exposure now totals $1.3 billion, with more than half managed by Goldman Sachs. VanEck launched its Ethereum ETF in July 2024 and currently oversees over $4 million in assets, highlighting growing confidence in ETH. On the market side, SharpLink Gaming added 56,533 ETH, taking its holdings to nearly 800,000 tokens. Ethereum ETFs have outperformed Bitcoin ETFs for seven consecutive days. Analysts project the stablecoin market could reach $3.7 trillion by 2030, with Citigroup forecasting a sevenfold rise in five years. At press time, ETH trades at $4,473, down 3.2% in 24 hours.

Pyth Network’s PYTH token rallied after the US BEA confirmed plans to publish on-chain GDP and other macro data via blockchain oracles on nine networks. Pyth Network and Chainlink were chosen as official data feeds. Following the announcement, PYTH jumped 91% to $0.22, posted a 95% gain over seven days, and saw $2.1 billion in 24h volume, outperforming Chainlink. Technicals show a bullish MACD divergence, golden cross in short-term moving averages, and rising RSI, while cumulative volume delta flipped positive in futures. However, smart money sold $166,000 in PYTH, hinting at profit-taking. Traders should watch support at $0.15 and $0.13 and resistance at $0.21 and $0.24 amid expected volatility as on-chain data adoption accelerates.

Tether has launched USDT on Bitcoin via the RGB protocol, allowing native stablecoin issuance and transfers on the Bitcoin network. USDT on Bitcoin runs as a Layer 2/3 asset in compatible wallets. The move removes cross-chain bridges, cutting counterparty risk and streamlining transactions between USDT and BTC. RGB anchors ownership proofs to on-chain transactions, preserving Bitcoin’s security while keeping transfers lightweight, private, and offline-capable. Tether holds 77,780 BTC and supports a USDT market cap of about $167 billion. Native USDT on Bitcoin could boost BTC liquidity, accelerate dollar-pegged settlements, and simplify custody rails. Wider wallet and exchange integration will shape adoption. Traders may benefit from higher on-chain efficiency and reduced custodial complexity.

REX Shares and Osprey Funds filed a registration statement with the SEC for the REX-Osprey BNB Staking ETF, which qualifies under the Investment Company Act of 1940 to potentially launch by November 2025. This BNB Staking ETF will allocate at least 80% of assets to BNB and stake tokens through intermediaries to earn a 1.5–3% annual yield on Binance Chain. The fund will cap illiquid holdings at 15% and use Anchorage Digital Bank as custodian, issuing and redeeming shares in cash. Following their Solana ETF launch in July 2025 and record $3–6 billion inflows into Bitcoin and Ether spot ETFs, the product offers regulated, yield-generating exposure to Binance’s native token. Approval could boost BNB demand and attract further crypto ETF inflows.

Bitwise Asset Management has filed an S-1 registration with the SEC to launch a spot Chainlink ETF that holds LINK tokens directly. The proposed Chainlink ETF will use Coinbase Custody Trust Company as custodian and support in-kind creation and redemption using LINK or cash. Since the filing, LINK’s price has jumped over 5% to above $23, with traders eyeing a potential breakout to $30. At the same time, Bitwise amended its XRP ETF S-1 following SEC feedback, targeting October for key approval catalysts. If the XRP ETF follows Ethereum’s path, trading could begin two months after approval; if it mimics Bitcoin ETF rollouts, trading may start within one to five days. XRP is trading near $3.22 after peaking at $3.60. These spot Chainlink ETF filings mark the first US fund directly tracking Chainlink and signal growing institutional interest in altcoin ETFs.

Gemini has launched an XRP credit card in the U.S., issued by WebBank on the Mastercard network, offering up to 4% back in XRP rewards on gas, EV charging and rideshare; 3% on dining; 2% on groceries; and 1% on other purchases. Select merchants can boost rewards to 10%. The card carries no annual fees, foreign transaction fees or crypto exchange charges, and integrates Mastercard World Elite benefits including discounts, fraud protection and zero liability for unauthorized transactions. Rewards post instantly to Gemini accounts, allowing holders to keep or swap XRP immediately. Backed by Ripple with a $150 million credit line tied to Gemini’s upcoming IPO and coupled with RLUSD stablecoin support for U.S. spot trading at zero conversion fees, this XRP credit card aims to boost user adoption and diversify revenue after a $282.5 million net loss in H1 2025. Applications are open to U.S. customers, marking a significant step toward mainstream crypto utility in everyday spending.

ETHZilla has approved a $250M stock buyback to bolster its share price and expand its Ethereum treasury. The program, running until June 30, 2026, will repurchase shares on the open market or through institutional deals at market rates. The firm holds 102,237 ETH (≈$489M at an average cost of $3,948) and $215M in cash equivalents. Since rebranding from 180 Life Sciences on August 18—when it acquired $419M in ETH—ETHZilla stock has climbed over 90% year-to-date, rising 6% to above $3.50 after the buyback announcement. Executive Chairman McAndrew Rudisill said the aggressive buyback underscores ETHZilla’s commitment to scaling its Ethereum reserves and maximizing shareholder value. At press time, Ethereum traded at $4,635, down 3.9% in 24 hours.

AUSTRAC has directed a Binance Australia audit and required the exchange to appoint an independent auditor within 28 days after finding serious AML/CTF control gaps. The watchdog cited high staff turnover, weak senior oversight and inadequate local governance. The directive applies to Investbybit Pty Ltd, Binance’s Australian arm, to ensure compliance measures match its risk profile. CEO Brendan Thomas urged global crypto operators to adapt anti-money laundering and counter-terrorism financing checks to local threats. This Binance Australia audit follows Chainalysis data showing US$2.17 billion stolen by mid-2025. It also comes amid ASIC’s removal of over 14,000 scam sites and tighter rules for digital currency ATMs, capping cash withdrawals at AUD5,000 with enhanced due diligence. Crypto traders should monitor the Binance Australia audit and remediation. Rising compliance costs and regulatory scrutiny may pressure exchange liquidity, transaction monitoring and market operations. Robust AML/CTF compliance remains essential to avoid penalties or licence revocation.

After Federal Reserve Chair Jerome Powell hinted at potential rate cuts, Ethereum rallied sharply, first reaching around $4,651 and then a fresh all-time high of $4,866 on August 22, before consolidating near $4,770. This surge was driven by robust spot ETF demand, with daily inflows exceeding $287 million and record single-day flows over $1 billion, pushing total ETF holdings past $12.12 billion. Corporate treasuries—including BitMine, SharpLink, BTCS and GaneSquare—have added some $1.6 billion in ETH over the past month, lifting reserves to about $29.75 billion. Major whale moves, such as swapping 4,000 BTC into 179,448 ETH and Binance whales’ ongoing accumulation since July, underscore strong bullish sentiment. Institutional confidence is further supported by Standard Chartered raising its year-end 2025 price target to $7,500 and forecasting $25,000 by 2028. U.S. regulatory clarity, including SEC guidance on liquid staking services and the GENIUS Act framework for stablecoins, has bolstered investor outlook. ETH has flipped the prior $4,650 resistance into support and entered price discovery, suggesting further upside and signaling a potential altcoin season as Bitcoin’s dominance dips below 57%.

Ethereum-based blockchain game XAI developer Ex Populus filed the XAI trademark lawsuit against Elon Musk’s AI firm xAI on August 22, 2025, in the US Northern District of California. Ex Populus says it has used the “XAI” trademark since June 2023 for its gaming ecosystem, $XAI token and tools. Musk’s July 2023 launch of xAI and a November 2024 gaming studio announcement have caused market confusion and unfair competition. Court filings note customers, media and even xAI’s chatbot Grok have confused the brands, harming XAI’s reputation amid Musk’s controversies. The trademark lawsuit seeks a permanent injunction blocking xAI’s use of the name in gaming and blockchain services, cancellation of xAI’s pending trademarks, damages and disgorgement. The US Patent and Trademark Office has suspended several of xAI’s applications. Crypto community opinions are divided: some traders question Ex Populus’s motives, while others support defending smaller brands. Musk has not officially commented.

Gemini has secured a Markets in Crypto-Assets (MiCA) license from the Malta Financial Services Authority, enabling it to offer virtual asset services across more than 30 EU countries. This approval complements its existing MiFID II authorization for derivatives trading and follows the EU Council’s adoption of MiCA in 2023, with full implementation expected by end-2024. In June, Gemini also launched tokenized shares on the Arbitrum blockchain, allowing 24/7 trading of equity-backed tokens. Joining peers like Kraken, Bitvavo, Bybit and Coinbase with MiCA approval, Gemini aims to boost market confidence, liquidity and investor protection under a unified regulatory framework.

DBS Bank has launched tokenized structured notes on the Ethereum public blockchain, cutting the minimum investment to $1,000 per unit. These tokenized structured notes, distributed via Singapore’s regulated exchanges ADDX, DigiFT and HydraX, broaden access beyond private banking clients to accredited and institutional investors. The inaugural participatory note is linked to cryptocurrency market performance, offering cash returns on price gains and embedded downside protection. In H1 2025, DBS clients traded over $1 billion in structured notes, with volumes up more than 50% from Q1. The growth of Singapore’s single-family offices—now over 2,000—has driven demand. This move aligns with the Monetary Authority of Singapore’s Project Guardian and the Global Layer One initiative to set tokenization standards for bonds, currencies and funds. By issuing on Ethereum, DBS aims to boost liquidity, streamline settlement and attract new capital flows to digital securities, underscoring Ethereum’s role as a prime platform for asset tokenization.

Senate Banking Committee Chair Tim Scott is pushing a bipartisan Digital Asset Bill in the Senate, aiming to secure 12–18 Democratic votes ahead of a September 30 deadline. The Responsible Financial Innovation Act of 2025 draft defines ancillary assets, sets a $75 million sales threshold to simplify cryptocurrency compliance, and splits regulatory jurisdiction between the SEC and CFTC. The Digital Asset Bill builds on the House-passed CLARITY Act and permits banks to offer digital asset services under joint examination standards. Opposition from Senator Elizabeth Warren, who warns of weakened SEC oversight, remains a key hurdle. Traders should watch for developments in jurisdictional clarity, as passage could reduce regulatory uncertainty and affect crypto market stability.

Kraken has acquired Capitalise.ai, an Israel-based AI startup that converts natural language commands into AI auto-trading strategies. Terms were undisclosed. Kraken will integrate Capitalise.ai’s no-code platform into Kraken Pro later this year, enabling users to design, backtest and execute automated trading strategies across crypto, stocks, forex, futures and options—without code. The phased rollout brings co-founders Amir Shiovich and Shahar Rabin into Kraken’s Pro unit. This follows Kraken’s $1.5 billion NinjaTrader purchase in March and mirrors a broader trend of crypto exchanges acquiring AI startups to enhance trading automation, compliance and infrastructure. Traders can expect faster strategy deployment, improved market efficiency and fewer manual errors. This AI auto-trading integration democratizes complex strategy deployment and strengthens Kraken’s competitive edge.

CoinShares reports $3.75 billion in net inflows last week, pushing digital asset fund AUM to $244 billion. Institutional investors allocated $2.87 billion—77% of total flows—into Ethereum, boosting YTD inflows to $11.1 billion and raising ETH’s AUM share to 30%, overtaking Bitcoin’s 11.6% share after $552 million of BTC inflows. Ethereum inflows and strong ETF demand helped drive Ether to $4,776, its highest since 2021, while Bitcoin briefly hit a new all-time high of $124,128. Solana saw $176.5 million inflows, XRP $126 million, with minor movements in SUI, ADA, LINK and small outflows in LTC and TON. Over 16 corporations now hold 2.45 million ETH in treasuries, cutting liquid supply. Futures open interest nears $38 billion, signalling potential volatility. Traders should monitor Ethereum inflows, treasury accumulation and futures open interest as key indicators of momentum and risk.