The stories attracting the most readers across The Token Press.
Kraken has raised $500M at a $15B valuation, further fueling speculation about a potential IPO. The move comes amid a wave of crypto firms going public, with Gemini, Circle, and others finding strong investor demand. Favorable U.S. regulations are helping pave the way for this new era of crypto IPOs.
Bhutan moved $107 million in Bitcoin just as the Fed announced its first 2025 rate cut, prompting renewed whale activity and short-term volatility warnings. Analysts expect BTC consolidation in the near term, with Ethereum and Solana potentially outperforming before Bitcoin targets higher levels later this year.
Rich Dad, Poor Dad author Robert Kiyosaki blasted central banks and inflationary policies, calling fiat money “fake” and urging investors to buy Bitcoin, gold, silver, and oil. Holding 60 BTC himself, Kiyosaki warned that global inflation will accelerate crypto adoption as people seek protection from currency debasement.
Hyperliquid’s HYPE token hit an all-time high near $60, fueled by growing adoption of decentralized derivatives trading. At the same time, Binance founder CZ spotlighted rival ASTER, which surged 350% in its debut. The showdown highlights intensifying competition between decentralized exchanges and centralized giants for dominance in crypto derivatives markets.
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.
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.
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.
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.
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.
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.
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.
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.