News and developments from the cryptocurrency industry.
Coinbase CEO Brian Armstrong says the U.S. Digital Asset Market Clarity Act has unprecedented bipartisan backing, calling it a “freight train” set to reshape crypto regulation. Lawmakers are also pushing forward discussions on a Strategic Bitcoin Reserve, signaling a pivotal moment for digital assets in America.
Arthur Hayes says Bitcoin is not a “get-rich-quick” scheme, warning impatient investors chasing instant gains risk being wiped out. Despite trading below its all-time high, he argues Bitcoin remains the best-performing asset in history when measured against inflation and currency debasement.
Galaxy Digital’s Alex Thorn says the U.S. may announce a Strategic Bitcoin Reserve before the end of 2025, though some experts argue it could take longer. Advocates warn delays could leave the U.S. behind as countries like Kyrgyzstan and Indonesia push ahead with national Bitcoin strategies.
Spot Bitcoin ETFs recorded $642 million in inflows and Ether ETFs added $405 million in a single day, signaling growing institutional appetite for crypto. With BlackRock exploring tokenized ETFs, the push for broader adoption continues to accelerate.
Dogecoin rose 4% to $0.26 despite another delay in the launch of the first US DOGE ETF. While the ETF has sparked debate about institutionalizing speculation, companies like CleanCore Solutions and Trump-linked Thumzup are pushing DOGE deeper into the institutional spotlight.
Spot Bitcoin ETFs posted $1.7 billion in inflows this week, their strongest performance in two months, while Ether ETFs bounced back with $230 million after last week’s sell-off. The crypto market cap also reclaimed $4.1 trillion, drawing comparisons to Nvidia’s $4.3 trillion valuation.
Polymarket has partnered with Chainlink to integrate its oracle infrastructure, aiming to improve the speed and accuracy of market resolutions on the Polygon blockchain. The move strengthens confidence in prediction markets while setting the stage for more complex and subjective markets in the future.
Metaverse-related NFT sales rose 27% in August, suggesting a possible revival of interest in virtual worlds. Platforms like Sandbox, Mocaverse, Otherside and Decentraland are focusing on infrastructure and creator tools, while new entrants such as Infinite Reality and Trump’s DTTM Operations continue to push forward with metaverse projects.
Bitcoin bounced back to $116,000 this week, but CryptoQuant warns that eight out of ten bull market indicators are now bearish, signaling cooling momentum. Analysts remain divided — some expect the correction to deepen, while others predict an extended bull market into early 2026.
Coinbase researchers say the era of “easy money” for crypto treasuries has ended, pushing firms into a competitive phase that could ultimately strengthen markets. They downplayed seasonal myths like the “September effect” and predicted Fed rate cuts would give crypto “room to run” into Q4.
Bitstamp has overtaken Robinhood in monthly crypto volumes for the first time since its $200M acquisition, posting $14.4B in trades against Robinhood’s $13.7B. The milestone highlights Bitstamp’s growing role in institutional markets, even as Robinhood joins the S&P 500 and expands its blockchain and derivatives products.
RWA tokens jumped 11% this week as total tokenized asset value surpassed $29 billion, nearly doubling since January. With Ethereum leading the space and BlackRock exploring tokenized ETFs, institutional adoption of real-world assets is accelerating rapidly.
A UK government petition calling for a pro-innovation blockchain and stablecoin strategy has gained traction after Coinbase urged its users to sign. The petition seeks stablecoin regulation, blockchain adoption in government, and a dedicated crypto policy leader. It has passed 5,000 signatures and needs 10,000 for an official response, with 100,000 triggering a parliamentary debate.
Joseph Lubin, founder of Consensys, hinted that Linea token holders may receive future rewards from Consensys or partner projects, following its recent token launch. The comments came amid criticism from users about the token’s utility, with suggestions for staking, lending, or buybacks. Linea’s price dropped 20% in 24 hours after debuting, trading at $0.024.
A new Ethereum token standard, ERC-7943, has been introduced to address industry fragmentation in real-world asset (RWA) tokenization. Proposed by Brickken co-founder Dario Lo Buglio, the standard provides a minimal, vendor-agnostic interface for compliance that works across Ethereum layer-2s and EVM chains. Backed by multiple Web3 and fintech firms, ERC-7943 aims to make tokenized assets easier to integrate while meeting institutional compliance needs.
Bubblemaps has alleged the largest Sybil attack in crypto history on MYX Finance’s airdrop, flagging 100 wallets that claimed $170 million worth of MYX tokens under suspicious conditions. MYX denied wrongdoing, citing trading activity and anti-Sybil measures, but Bubblemaps dismissed the response as vague. The case highlights growing concerns over large-scale airdrop farming operations, such as massive phone farms used to exploit token giveaways.
Binance has teamed up with Franklin Templeton to launch tokenization ventures, combining securities with blockchain-based trading infrastructure. The collaboration aims to boost efficiency in settlement, collateral management, and portfolio construction while expanding institutional access. Binance will provide its global reach, while Franklin Templeton contributes tokenization expertise.
The Reserve Bank of India (RBI) is holding back on comprehensive crypto regulations, warning that formal rules could legitimize digital assets and create systemic risks. While India currently imposes a 30% tax on crypto gains and strict registration requirements for exchanges, it still leads the world in crypto adoption, according to Chainalysis. Despite strong adoption metrics, officials and industry leaders say India faces a paradox between rising interest and limited real-world usage.