Crypto News — Page 21
News and developments from the cryptocurrency industry.
The first-ever US Dogecoin ETF, the Rex-Osprey Doge ETF (DOJE), is set to begin trading on Thursday, marking a major milestone for memecoins in regulated markets. Dogecoin rallied nearly 13% ahead of the launch, while analysts note this ETF signals growing institutional interest in speculative digital assets. The SEC’s approval comes as dozens of other crypto ETF applications, including Solana and XRP, remain under review.
CoinShares is set to go public in the United States through a $1.2 billion SPAC merger with Vine Hill Capital, allowing it to list on the Nasdaq Stock Market later in 2025. The European asset manager, which oversees $10 billion in assets and leads Europe’s crypto ETP market, aims to tap into the world’s largest investment market. Backed by a $50 million anchor investment, the deal is expected to accelerate CoinShares’ global expansion.
Backpack EU, which acquired the former FTX EU earlier this year, has launched a regulated perpetual futures platform in Europe after settling with Cyprus’ financial regulator and securing a MiFID II license. The firm, led by Solana developer Armani Ferrante, refunded former FTX EU customers before relaunching operations under CySEC oversight. With approvals in Europe, Dubai, and Japan, Backpack is pushing to expand as a global player in regulated crypto trading.
NFT sales volume fell to $91.9 million in the first week of September, the lowest since mid-June, according to CryptoSlam. Unique NFT buyers dropped 58% from June peaks, while sellers fell 43%, and average sale prices slid 30% in just two weeks. Despite the slowdown, total transactions remained high at 1.27 million. Earlier momentum in July and August was fueled by adoption drivers such as Coinbase’s Base network and cultural showcases like Ibiza’s permanent NFT art gallery.
HSBC and ICBC are preparing to apply for stablecoin licenses under Hong Kong’s new regulatory regime, which took effect on Aug. 1. Reports suggest ICBC and Standard Chartered are likely to receive first-round approvals, giving them a head start. The licensing framework sets strict requirements for issuers, making unlicensed stablecoins illegal for retail investors. Regulators have also warned that speculation around the rollout increases the risk of fraud, urging investors to remain cautious.
Tether CEO Paolo Ardoino denied rumors of a Bitcoin sell-off, confirming the firm is still allocating profits into BTC, gold, and land. The confusion stemmed from a 19,800 BTC transfer to Twenty One Capital (XXI), not a sale, according to Jan3 CEO Samson Mow. Meanwhile, El Salvador announced a $50 million gold purchase, its first since 1990, as part of a diversification strategy.
The U.S. Senate has added a clause to its crypto bill clarifying that tokenized stocks remain classified as securities, ensuring they fit within existing financial frameworks. The Responsible Financial Innovation Act of 2025 also splits oversight between the SEC and CFTC, with votes expected in the coming months. Meanwhile, over 100 crypto firms, including Coinbase and Ripple, have urged lawmakers to protect developers and non-custodial service providers, warning that unclear rules are driving talent out of the U.S.
Despite recent ETF outflows, Ethereum bulls remain optimistic. BitMine chairman Tom Lee reaffirmed his $60,000 ETH prediction, while treasury firms now hold nearly $15.5 billion worth of Ether. Santiment data also shows whales have increased their holdings by 14% since April, signaling strong long-term confidence.
Litecoin’s playful feud with influencer Benjamin Cowen sparked fresh attention, with some traders even turning bullish on the asset. The timing aligns with growing institutional interest, as Grayscale and Canary Capital have both filed with the SEC to launch Litecoin ETFs in the U.S.
Analysts are split on Bitcoin’s future. Canary Capital’s Steven McClurg sees a 50% chance BTC hits $140K–$150K this year before a 2026 bear market, while Bitwise’s Matt Hougan expects the bull run to continue into 2026. Others, including Arthur Hayes and Joe Burnett, predict Bitcoin could soar to $250K before year-end.
StablecoinX has expanded its financing for Ethena’s ENA treasury to $890 million, bolstering liquidity and strengthening support for the growth of the Ethena ecosystem. The move positions StablecoinX as a key player in backing Ethena’s stablecoin strategy and long-term sustainability.
Ondo Finance, in partnership with Chainlink, has launched its Ondo Global Markets platform, bringing over 100 tokenized U.S. stocks and ETFs onchain. The platform, live on Ethereum, is currently available to non-U.S. investors and is being promoted as “Wall Street 2.0.”
Coinbase CEO Brian Armstrong says over 40% of the platform’s code is now AI-generated, with plans to raise that figure to 50% by October. The move highlights Coinbase’s strategy to integrate AI deeply into its operations while training its workforce to become “AI-Natives.”
The Trump family launched two major crypto ventures in the same week. American Bitcoin went public on Nasdaq, while the World Liberty Financial (WLFI) token debuted on exchanges but has already dropped 30% since launch. A company tied to the Trumps holds nearly a quarter of WLFI, valued at $4.8 billion. Eric Trump’s stake in American Bitcoin is estimated at $548 million.
A global shift is underway as more people consider crypto for retirement planning. An Aviva survey found 27% of UK adults are open to holding crypto in their retirement funds, while in the US, President Trump signed an order allowing 401(k) plans to include Bitcoin and other cryptocurrencies.
Ripple’s long legal fight with the SEC was influenced by the activism of the XRP Army, according to lawyer John Deaton. Thousands of XRP holders submitted affidavits, petitions, and coordinated campaigns, which Judge Torres later cited in her ruling that XRP itself is not a security.
River found that most businesses invest only **1–10% of profits into Bitcoin**, with smaller firms often making modest buys under **\$10K**. Analyst **Sam Baker** said many companies avoid Bitcoin due to **misunderstandings and lack of awareness**, citing surveys showing most Americans know little about its capped supply or fundamentals.
Traditional banks are expanding into crypto custody. Deutsche Bank plans to launch a digital assets custody service in 2026 with Bitpanda, while Citigroup is considering custody and payment services as regulatory shifts make the sector more accessible.
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