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Гендиректор инвестиционной компании Galaxy Digital Майк Новограц (Mike Novogratz) заявил, что в последнее время биткоин торгуется в боковом тренде, однако в конце года первая криптовалюта может продемонстрировать сильный подъем.

Data shows the digital gold narrative may be in danger on the short term as Bitcoin has diverged from Gold in its 30-day Correlation.

Bitcoin Is Still Correlated To Gold On A Long-Term Scale

In a new post on X, on-chain analytics firm Glassnode has discussed about how the Correlation between Bitcoin and Gold is currently looking on various timeframes. The “Correlation” here refers to a tool from statistics that determines how related two given variables are. In terms of assets, the metric identifies if there is any relationship between their prices.

When the value of the indicator is positive over a given period, it means the price of one asset has reacted to movements in the other by traveling in the same direction. The closer is the metric to 1, the stronger is this relationship.

On the other hand, the metric being under negative suggests the two assets have tended to move in opposite directions. The extreme point, corresponding to the strongest negative correlation, lies at -1.

There’s also one more value that the Correlation can assume: exactly equal to zero. In statistics, when this happens, the two variables are said to be independent from each other. In other words, movements of one have no implications for the other.

Now, here is the chart shared by Glassnode that shows the trend in the Correlation between Bitcoin and Gold on 30-day, 90-day, and 365-day windows:

As displayed in the above graph, the Correlation between Bitcoin and Gold has been negative on 30-day and 90-day timeframes recently, indicating that the two assets have been moving against each other during the last few months.

The relationship is only mild on the 90-day, but the 30-day behavior is pronounced, with the indicator standing at a notable value of -0.53. The negative Correlation has developed between the two as the precious metal has taken off with a rally, while the cryptocurrency has been stuck in consolidation.

Bitcoin is often considered the digital equivalent of Gold in terms of being a “safe haven” asset. Given that BTC has decoupled from the traditional asset, however, the narrative may be in danger.

This only holds on the short-term windows, though. From the chart, it’s visible that the 365-day Correlation between the two continues to stand at a significant positive level of 0.65.

It now remains to be seen whether Bitcoin would only diverge from Gold in the near future, or if the assets will come in line before long, maintaining their long-term relationship.

BTC Price

Bitcoin has been making some recovery recently as its price has climbed to the $114,500 level.

Комиссия по ценным бумагам и биржам США (SEC) отложила вынесение решения по заявкам финансовых компаний BlackRock, Fidelity и Franklin Templeton, желающих добавить функцию стейкинга в их биржевые фонды (ETF), привязанные к эфиру.

ЦИФКОМ — специализированное событие в сфере регулирования и цифрового комплаенса (AML/KYC) криптовалют. Конференция станет площадкой для обсуждения ключевых вызовов и будущих правил игры на рынке.

Earlier today, Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) added to its ETH holdings, as on-chain data reveals that the firm purchased another 46,225 tokens, increasing its total ETH holdings to over 2.1 million ETH.

BitMine’s Total Ethereum Holdings Surge Past 2.1 Million ETH

According to an X post by on-chain analytics account Lookonchain, BitMine seems to have further increased its total ETH holdings. Notably, the firm’s wallet added another 46,225 ETH to its total holdings, worth slightly more than $200 million.

It should be recalled that on September 8, BitMine had bought 202,500 ETH, helping it boost its total ETH holdings to more than two million for the first time ever. Eventually, the firm aims to hold 5% of the total ETH supply.

The New York Stock Exchange-listed (NYSE) firm has been on an ETH buying spree all summer. Following today’s purchase, its total ETH holdings have now surged above 2.1 million, worth approximately $9.27 billion at the time of writing.

It is worth highlighting that BitMine currently holds the largest amount of ETH among all public companies. According to data from Coingecko, SharpLink is a distant second on the list, with 837,230 ETH on its balance sheet.

Other firms like Coinbase (136,782 ETH), Bit Digital (120,306 ETH), and ETHZilla (102,246 ETH), round up the top five holders of ETH. Notably, nine out of the top ten firms holding the most amount of ETH are US-based.

Following today’s purchase, BitMine’s stock BMNR is trading at $47.85, up 4.93% on the day. On a year-to-date (YTD) basis, the stock has jumped a whopping 559%, making it one of the best performing crypto-related stocks this year.

ETH Giving Bitcoin A Run For Its Money

As an increasing number of firms embrace ETH as the digital asset of choice, attention has been steadily moving away from the largest cryptocurrency by market cap, Bitcoin (BTC). However, this does not mean that ETH has completely displaced BTC.

That said, the trend of companies choosing to add ETH to their balance sheets gained significant momentum in 2025. Yesterday, Cyprus-based firm Robin Energy announced it had bought ETH worth $5 million.

Similarly, in August, SharpLink bought another 56,533 ETH to increase its total ETH reserves. In the same vein, Jack Ma-linked Yunfeng Financial invested close to $44 million into ETH earlier this week.

ETH could see further price appreciation as staking activity on the network continues to grow at an exponential rate. At press time, ETH trades at $4,435, up 1.5% in the past 24 hours.

Helius Labs CEO Mert Mumtaz ignited a fresh round of debate inside the Solana ecosystem on September 10 after floating the idea of a Solana-aligned stablecoin whose reserve yield would be redirected to SOL via buybacks or burns—either as an “enshrined” protocol feature or, more likely, through competing digital-asset treasury companies (DATs). “Warming up to the idea that Solana should enshrine a stablecoin,” he wrote, adding that “50% burn of the yield goes back to burning SOL.” Hours later, he reframed the thrust: “it shouldn’t be enshrined, a DAT should do it… fix it and trillions.”

Why A Solana Stablecoin Is A No-Brainer

Mumtaz’s core critique targets what he describes as “yield leakage” from Solana: “Stablecoins are commodities, and currently on Solana, there is one that captures all yield and literally funds Solana’s biggest competitor with it!” He argued that, under the US GENIUS Act, stables are readily swappable and issuers will fight aggressively for market share—citing the recent “Bachelor-style” scramble among large stablecoin companies to court business. “If you don’t want to enshrine a Solana-centric stable, then consider digital asset treasury companies (DATs)… The DAT is literally a machine for buying the underlying token.”

That framing collides with the letter of the new US law. The GENIUS Act, signed in July, carves out “payment stablecoins” as neither securities nor commodities for US federal purposes, consolidating oversight largely under banking regulators and expressly separating them from SEC/CFTC jurisdiction. Multiple legal analyses and a Congressional Research Service note affirm the statute’s classification.

In short: Mumtaz’s “commodity” phrasing is rhetorical, not legal. Still, the law’s most consequential economic detail—stablecoins cannot pass interest to holders—means issuers (or affiliated structures) capture the reserve income and can decide how to use it. That’s precisely the lever Mumtaz wants pointed back at Solana.

Within hours, one builder publicly accepted the challenge. “We (@KASTcard) will put 101–103% of all interest income from USDK on Solana, to buyback SOL,” wrote CEO and co-founder of KAST, adding that the buybacks would sit with a foundation that issues a token after a planned TGE and that USDK would be issued with the m^0 foundation as a U.S. “Genius compliant” stable. The 1–3% kicker above 100% would be treated as marketing spend. KAST and m^0 have previously disclosed plans to launch programmable, application-specific dollars on the networl; KAST’s consumer app and card already target global stablecoin payments.

The proposal’s mechanics are straightforward in concept. A native USD stablecoin accrues reserve yield (e.g., from T-bills) at the issuer level; a DAT structure then commits that income stream to buy SOL on the open market and either retire it or recycle it into ecosystem programs.

Mumtaz even sketched a toy model—“Assume a Solana DAT runs a Solana stable, call it USDmanlet… [it] earns yield. The DAT takes all the yield and buys SOL with it… embed it in the ecosystem and take the yield and pump it back… or into burning SOL.”

Stablecoin Wars Reach Solana

Mumtaz’s “funding the competitor” barb is aimed squarely at USDC’s economics and Coinbase’s Base L2. Coinbase and Circle split USDC reserve income, a line item that has grown into a major revenue stream for Coinbase as stablecoin supply has rebounded; Coinbase incubated Base, an Ethereum Layer-2 that has quickly become a high-throughput venue for on-chain activity.

None of that is nefarious—USDC’s terms are clear—but for Solana purists it is strategically suboptimal to let billions in Solana-settled stablecoin activity originate issuer profits that are then reinvested in a rival’s stack. That is the “simple problem” Mumtaz says he wants to fix, whether by enshrining or (more plausibly) by market-driven competition among issuers and DATs.

Multicoin Capital co-founder and managing partner Tushar Jain agreed via X: “One of the best things about Solana’s culture is adopting good ideas from other ecosystems. Hyperliquid’s idea to encourage stablecoin issuers to buy HYPE with USDH interest is a powerful way to drive REV. Why should Circle keep all of the interest revenue from USDC on Solana?”

For now, this is only a proposal—there is no SIP or governance vote to “enshrine” anything at the protocol layer, and Mumtaz himself emphasized the market-driven DAT route. Whether the proposal takes the form of competing issuers pledging buybacks, a canonical “ecosystem stable,” or a more modular treasury program, the endgame Mumtaz sketched is unambiguous: stop leaking yield, and point it at SOL.

At press time, SOL traded at $228.

After weeks of anticipation and setbacks, the Shiba Inu development team has officially confirmed that the long-awaited migration from LEASH v1 to LEASH v2 is ready to begin. The delay stemmed from the need to address flaws in the original LEASH token contract and to complete a thorough security audit. Now that these hurdles are cleared, developers say the transition to LEASH v2 is set to commence in the coming days.

Shiba Inu Team Confirms Migration

According to a recent blog post by the Shiba Inu team, the security audit of the LEASH v2 contract and its migration mechanism has been completed by Hexens, which has now cleared the way for the long-delayed rollout. 

The developers explained that they engaged Hexens to perform a full, independent audit of the integrated system, covering the LEASH v2 token, the migrator, and all associated flows. Now that the security firm Hexens has cleared the audit, the migration is expected to begin anytime soon. 

Hexens is a Web3-focused cybersecurity firm known for smart-contract and protocol audits. Its track record spans Ethereum, Solana, Cosmos, and BNB Chain, where the firm’s audits have protected significant on-chain value. 

As the migration begins, developers warned LEASH v1 holders should use only official links published on Shib.io and verified Shiba Inu social channels to avoid falling prey to scams. Once the migration window closes, any unused LEASH v2 tokens in the multisig wallet will be burned to enforce a hard-capped supply.

How The Migration Will Work

Now that all the security boxes have been ticked, the migration from LEASH v1 to LEASH v2 is expected to commence anytime in the coming days. The migration will occur in carefully planned phases to ensure fairness across different types of holders. 

In the first phase, direct LEASH v1 holders as well as those with staked or locked tokens will be able to migrate by burning or locking their v1 tokens to receive v2 equivalents at a ratio based on the current v1 supply. Liquidity providers on Uniswap V2 and ShibaSwap V1 are also included in this stage. 

Phase Two will handle the more complex Uniswap V3 and ShibaSwap V2 LPs, which require snapshots and proof-of-withdrawal mechanisms to prevent trapped value. Lastly, Phase Three will cover bridge users and those holding LEASH on Shibarium for a 1:1 swap of these tokens.

The LEASH v1 contract was originally promoted as a fixed-supply token, but a hidden vulnerability meant that rebasing mechanisms could still alter the supply through authorized proxies. This vulnerability was exploited earlier this year and this led to an unplanned 20% increase in supply. 

To restore trust and safeguard holders, developers opted to create LEASH v2. According to developers, the upgrade removes any minting or rebasing loopholes, as the entire v2 supply is pre-minted and secured in a multisignature wallet.

At the time of writing, LEASH is trading at $24.94, down by 3.22% in the past 24 hours.

The long-anticipated “altseason” may finally be here. This week, altcoin market indicators surged to their highest levels since December 2024, fueling speculation that the biggest altcoin rally in years is about to begin.

According to Blockchain Center’s Altcoin Season Index, a reading of 78 out of 100 confirms altseason conditions, when 76% of the top 50 crypto assets outperform Bitcoin over a 90-day period. CoinGlass and CoinMarketCap show similar results, with readings of 76 and 67, respectively.

Market sentiment has shifted swiftly, with altcoins stealing momentum from Bitcoin, which has recently consolidated around $114,000. The altcoin market cap, excluding Bitcoin and stablecoins, now stands at $1.63 trillion, just shy of the $1.64 trillion peak seen in late 2024.

Is the Altseason a Sign of a Major Breakout

Crypto traders are increasingly convinced that the market is on the cusp of a new wave of parabolic growth. Analyst “Daan Crypto Trades” noted that the altcoin cap is approaching price discovery territory, which historically sparks sharp rallies.

“With the altseason index at its strongest reading in nine months, traders are beginning to lean risk-on again,” said educator Karan Singh Arora. Other traders, including Ash Crypto, suggest altcoins could soon enter “phase 3” of altseason, a stage often marked by explosive price gains across mid- and small-cap tokens.

This optimism is further supported by speculation around U.S. Federal Reserve policy. With prediction markets now pricing in the likelihood of a 50-basis-point rate cut at the September 17 meeting, liquidity conditions may shift in favor of risk assets, such as crypto.

Historically, lower interest rates have triggered capital inflows into altcoins following Bitcoin’s initial gains.

Altcoins Already on the Move

Several major altcoins are already flashing strong signals. Dogecoin (DOGE) has climbed above $0.25 with a 5% daily gain, while Avalanche (AVAX) jumped nearly 18% to hit $29, its highest level since January.

Other notable movers include Hyperliquid (HYPE), Stellar (XLM), Litecoin (LTC), and Toncoin (TON), each posting gains above 3% in the past 24 hours. If momentum continues, traders believe the market could replicate, and even surpass, the explosive altseason seen in late 2021.

With the altseason index surging and the Fed’s decision looming, all eyes are now on whether 2025 will deliver the most powerful altcoin rally since 2024.

Cover image from ChatGPT, ETHUSD chart from Tradingview

Ripple’s role in global finance is drawing new attention after Versan Aljarrah of Black Swan Capitalist revealed that central banks in BRICS nations have been building on the XRP Ledger. The findings suggest that the ledger is not an afterthought but a serious option in the bloc’s plans for cross-border payments. 

BRICS Central Banks Quietly Build On XRP Ledger

Versan Aljarrah says that the central banks of BRICS, along with the New Development Bank, have already been working with the XRP Ledger. According to him, the records show clear evidence that this work has been ongoing quietly for years. The archived papers he cites do more than just mention Ripple. They note that BRICS reports point to escrow and automation on the XRPL as tools that can handle the bloc’s cross-border payment needs by making transactions easier, quicker, and more secure.

With Ripples escrow, the system locks payments and then releases them automatically, while its automation tools streamlines the process, reducing the cost and time of transactions. These systems align directly with the vision of the BRICS nations to build a financial structure that operates independently and does not rely heavily on the U.S. dollar for clearing and settlement.

Aljarrah explains that the consistent references in official BRICS materials point to a pattern of deliberate engagement.​​ The bloc has spent years checking how XRPL can fit into its long-term financial system. By highlighting that the groundwork dates back years, Aljarrah draws attention to the quiet yet steady progress that has taken place in the background.

Evidence Suggests A Coordinated Digital Infrastructure Strategy

Versan Aljarrah also stresses that attention to the XRP Ledger has been consistent across several years of BRICS meetings, research papers, and economic forums. Repeated mentions of XRPL in policy papers suggest a coordinated and ongoing strategy, rather than a one-off experiment.

The evidence does not stop with research. Brazil’s central bank has published papers that name Ripple in its tests of distributed ledger systems. In the private sector, projects in Brazil are already using XRPL for tokenization and financing. The mix of research, pilot testing, and adoption indicates that BRICS is not standing by, but is actively exploring Ripple’s technology.

Aljarrah explains that this does not mean entire national systems have moved onto the public ledger. The evidence instead points to preparation. BRICS central banks are examining the strengths of the XRP Ledger, conducting pilots, and assessing its compatibility with their existing financial frameworks. 

As Aljarrah points out, this effort has been underway for years, even though the final move to large-scale adoption remains ahead. The big question now is whether the BRICS nations will take the next bold step and integrate the XRP Ledger into their core financial systems.

Crypto analyst Egrag Crypto has alluded to an event that could warrant investors having to offload their XRP holdings. The analyst described this potential event as a sign and urged investors to sell everything if it ever happens. 

Analyst Advises XRP Holders To Sell If This Happens

In an X post, Egrag Crypto said that XRP holders should sell all their coins if Congress eventually passes the bill to stop Congress members from trading stocks. The analyst suggested that the passage of this bill could lead to a significant downtrend for the altcoin and other crypto assets, which is why he believes investors should sell everything.  

Egrag Crypto’s statement came in reference to Congresswoman Anna Luna’s speech in which she unveiled the legislation to ban stock trading among members of Congress. She had also noted that U.S. President Donald Trump was in support of this bill to ban lawmakers from trading stocks. 

However, the analyst didn’t provide further details as to why the passage of this bill could affect crypto and why investors should move to sell their XRP if the bill is passed. Egrag Crypto may expect that Congress may also make a similar move to ban lawmakers from trading crypto, which he believes could be bearish. 

Meanwhile, it is worth noting that Democratic lawmakers are already pushing to ban the president, vice president, and Congress members from getting involved in XRP and other cryptocurrencies. Although no bill has made it to the floor of the House, there is the probability that such a bill could limit President Trump from advocating for the crypto industry, especially if he is forced to limit his family’s involvement in crypto. 

XRP At A Pivotal Moment

Amid his warning, Egrag Crypto has also provided an update on the current XRP price action. In an X post, he stated that the altcoin is at a pivotal moment where it could either break to the upside or downside.  He then highlighted a symmetrical triangle, which presents both a 50% chance of upward breakout or downward breakout.

Egrag Crypto said that he is leaning towards a breakout to the upside, although he won’t be certain until the XRP price closes above the 21 SMA and exactly above $3.077 and $3.13. He noted that this is his confirmation for a full-body candle closure on the 3-day timeframe.

The crypto analyst further predicted that XRP might retest the breakout around $3.03, and that a close above $3.30 would send the altcoin towards a new all-time high (ATH). He revealed that he would start offloading his holdings when this new ATH happens, indicating that the top may be near when that happens. 

At the time of writing, the XRP price is trading at around $2.98, up in the last 24 hours, according to data from CoinMarketCap.

Ethereum continues to show remarkable resilience, with demand leaving its mark even as price action remains sideways. ETH has been consolidating in a narrow range, mirroring the broader market where Bitcoin trades cautiously and altcoins display selective strength. Yet behind the scenes, institutional interest in Ethereum is quietly building, setting the stage for what could be the next major move.

According to fresh data from Lookonchain, SharpLink recently transferred $379 million USDC to Galaxy Digital, capital that may be allocated toward purchasing more ETH. This transfer underscores a growing trend: institutional players are not shying away from Ethereum, even amid volatility and macroeconomic uncertainty. Instead, they are positioning themselves for what could be a decisive breakout once the current consolidation phase resolves.

SharpLink Gaming is among the first Nasdaq-listed companies to design a treasury strategy centered on ETH, marking a significant milestone in corporate adoption. By treating Ethereum as a strategic reserve asset, it reinforces the idea that ETH’s role extends well beyond speculative trading into long-term institutional portfolios.

Related Reading: Bitcoin Mining Difficulty Keeps Rising Despite Price Volatility – Details

With consolidation tightening and institutional inflows accelerating, the coming weeks may prove critical. Many investors expect a massive surge for Ethereum once the current sideways structure breaks, potentially marking the start of its next major rally.

SharpLink Expands Ethereum Treasury

SharpLink has officially announced that its total Ethereum holdings climbed to 837,200 ETH as of August 31, 2025, solidifying its role as one of the largest corporate holders of the asset. The company continues to pursue its ETH-focused treasury strategy aggressively, with notable activity reported in the week ending August 31.

During that week, SharpLink purchased an additional 39,008 ETH, bringing its cumulative balance to new heights. These acquisitions were financed through $46.6 million in net proceeds raised via the company’s at-the-market (ATM) facility, demonstrating its ongoing ability to secure fresh capital for strategic allocations. Importantly, the average purchase price for the week’s ETH acquisitions stood at $4,531, reflecting the company’s confidence in buying at elevated levels as Ethereum consolidates near all-time highs.

This accumulation has elevated SharpLink to the position of the second-largest ETH treasury holding company, trailing only BitMine. BitMine currently holds more than 2 million ETH, valued at approximately $9.2 billion. Together, these treasury allocations highlight how major institutions are increasingly adopting Ethereum not only as a speculative asset but also as a long-term strategic reserve.

By expanding its ETH holdings so aggressively, SharpLink is sending a clear signal to the market: Ethereum’s role in corporate treasuries is no longer theoretical. As adoption grows, such moves could prove pivotal in reinforcing ETH’s status as a core asset in the global digital economy.

ETH Analysis: Trading Sideways

Ethereum is trading at $4,436, showing a 2% daily gain as the price begins to emerge from a prolonged consolidation phase. The 12-hour chart highlights that ETH has been moving sideways for much of September, holding firmly above $4,200 support. Now, momentum appears to be picking up as the price tests resistance around $4,450.

The 50 SMA at $4,407 is now acting as immediate support, while the 100 SMA at $4,182 provides a stronger cushion below. The 200 SMA, sitting at $3,460, remains well beneath the current range, confirming that ETH’s broader bullish structure is intact. As long as Ethereum maintains levels above $4,200, the technical setup favors continuation to the upside.

For bulls, the next critical test lies in reclaiming $4,600, a level that has repeatedly capped rallies in recent weeks. A decisive breakout above this resistance would set the stage for ETH to retest the $4,800–$5,000 zone, potentially marking the start of a stronger bullish leg.

Featured image from Dall-E, chart from TradingView

Over the course of its existence, Bitcoin, the crypto king, has transitioned from a mere asset to what many consider the digital version of Gold. During the period, many prominent figures and institutions have continuously demonstrated their trust in the asset as digital gold by their massive adoption of the coin.

Prosperity Linked To Bitcoin Adoption

As Bitcoin’s digital gold status strengthens, Michael Saylor, one of Bitcoin’s most vocal advocates and executive chairman of Strategy, has dropped a bombshell on BTC in a recent interview on CNBC. The executive chairman has once again declared BTC as an asset that drives prosperity and freedom.

Related Reading: “Buy More Bitcoin Before It’s Too Late,” Michael Saylor Tells The US Government

In the interview, Saylor maintained that for individuals, businesses, and even governments hoping to prosper in the digital era, adopting the assets is not just an investment choice but also a strategic necessity. It is worth noting that Bitcoin adoption has significantly picked up pace in the crypto and financial sector.

Sharing insights on the aftermath of the development, Saylor stated that when players accumulate a lot of BTC, these coins will be burned after they leave. As a result, a Pro Rata is created, which contributes to members of the community, especially those who own BTC around the globe, based on their contribution and knowledge.

Presently, Bitcoin is gaining strong support in the financial landscape. According to the chairman, this backing of BTC, which he believes is a great thing to do, is nothing less than a “protocol for prosperity.” By portraying BTC as a basis for financial expansion and stability, the chairman keeps up the argument that its adoption will shape the future economic environment.

Saylor’s latest remark on Bitcoin is a testament to his unwavering support for the crypto, as evidenced by the massive accumulation of BTC by his company Strategy. With Saylor as chairman, the firm has made history in BTC exposure, becoming the largest institutional holder of the digital asset.

Over time, Strategy has made significant success with BTC, with many other big companies now following in its footsteps. Despite this notable success, Saylor is more concerned about the move to help BTC gain more mainstream attention. “I hope I’m known for having taken the torch from Satoshi and going on to commercialize Bitcoin with corporations and governments decades after he passed,” he stated.

BTC’s Price To $200,000 By Year End

With Bitcoin adoption growing sharply, Tom Lee, Fundstrat Global Advisors’ head of research, has made a bold BTC prediction for the rest of the year. Lee is confident that by the end of the year, the flagship asset will surge to a $200,000 value.

Related Reading: Bitcoin Is Replacing Gold And Heading For A Million-Dollar Valuation, Tom Lee Declares

According to Lee, BTC has stalled recently because the Fed has been on pause for 9 months. However, the head of research believes that Bitcoin will pick up its pace after the rate cuts on September 17. He points to the event as a major catalyst to spur this move to $200,000, and also the fact that Q4 has historically been a bullish period for BTC and cryptocurrency.

Ripple, a blockchain-based digital payment company, has unveiled a new agreement with Spanish banking leader BBVA. The new partnership will give BBVA access to Ripple’s technology as the Spanish bank launches a service that allows retail clients to buy, hold, and store cryptocurrencies. At the same time, the move will strengthen Ripple’s foothold in Spain, paving the way for broader adoption. 

Ripple To Expand Into Spain Through BBVA Deal

Ripple has officially announced a new alliance with BBVA, marking a major step in its expansion into the European financial markets. The agreement, revealed in a formal press release on September 9, 2025, will see BBVA integrate Ripple’s institutional-grade digital asset custody technology into its operations. 

This move comes as the Spanish bank rolls out a crypto-asset trading and custody service for retail customers in Spain, giving them direct access to blue-chip digital assets such as Bitcoin and Ethereum. The collaboration positions Ripple as a key provider of secure and compliant infrastructure for one of Europe’s most customer-focused banks. 

By using Ripple Custody, BBVA gains the ability to deliver a scalable custody service tailored to tokenized assets, ranging from mainstream cryptocurrencies to future tokenized financial products. Ripple Custody is designed to meet stringent security, operational, and regulatory demands, enabling banks to confidently offer crypto access to their customers while ensuring full compliance with the European Union’s Markets in Crypto-Assets (MiCA) laws. 

The Managing Director of Ripple for Europe, Cassie Craddock, emphasized that MiCA has created a favorable environment for traditional financial institutions to launch digital asset services. She further noted that BBVA, known for its forward-thinking approach, is leveraging Ripple’s trusted technology to meet rising demand from its customer base. For Ripple, this partnership is a strategic entry into Spain and a continuation of its mission to bridge traditional banking and blockchain-based services across Europe. 

BBVA Digital Asset Strategy Strengthens

BBVA’s adoption of Ripple’s custody solution reflects the Spanish bank’s broader strategy of embracing digital innovation. According to Francisco Maroto, BBVA’s Head of Digital Assets, the new crypto service launched in Spain builds on earlier initiatives in Switzerland and Turkey, where the bank also introduced blockchain-driven offerings. 

By relying on Ripple’s technology, the Spanish bank can directly deliver an end-to-end custody service, maintaining complete control over client assets while ensuring the highest security and efficiency standards. The deal also deepens the existing collaboration between the digital asset company and the BBVA Group. Ripple already provides custody support for Garanto BBVA in Turkey and BBVA Switzerland, demonstrating that the relationship between the two companies is already well-established and evolving into new regional expansions. 

Ripple’s role as a long-term infrastructure provider is further underscored by its strong regulatory standing. With over 10 years of experience in the digital asset industry and more than 60 regulatory licenses and registrations across multiple jurisdictions, the crypto payments company has built the credibility and expertise needed to support major banks like BBVA.

Senator John Kennedy, a Republican member of the Senate Banking Committee, has raised significant concerns regarding the advancement of a much-anticipated cryptocurrency market structure bill. 

In recent remarks, Kennedy emphasized that lawmakers should not fast-track the process of passing the bill, casting uncertainty over the timeline promised by Committee Chair Tim Scott.

Concerns Over Readiness For Crypto Market Structure Bill

According to a report by POLITICO, Kennedy articulated his apprehensions during a discussion about the bill, stating, “I don’t think we’re ready.” He noted that many stakeholders, including himself, still have numerous questions about the proposed legislation. 

Scott and other Republicans, including pro-crypto Senator Cynthia Lummis, have championed the bill and are eager to see it pass by the end of the month. 

A spokesperson for Senator Scott defended the push for the bill, asserting that advancing a clear, bipartisan framework for digital assets is long overdue.

This sentiment highlights the urgency felt by some lawmakers, especially given that the original Responsible Financial Innovation Act was introduced by Senators Cynthia Lummis and Kirsten Gillibrand back in 2022. 

Since then, there has been ongoing work towards a September markup, incorporating extensive feedback from approximately 160 stakeholders.

Bipartisan Support Emerges 

The legislation aims to clarify the regulatory landscape for cryptocurrencies by delineating oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). 

As reported by Bitcoinist, the bill asserts that crypto transactions involving the sale of digital commodities will not be classified as securities and the removal of income and wealth limits for retail buyers, which aims to open the market to a broader audience. 

Recently, a group of Senate Banking Republicans finalized a draft of the market structure bill, while the House had already passed its version, known as the CLARITY Act, in July.

While Congress previously enacted the GENIUS Act, which established new regulations for stablecoins tied to the dollar, the broader market structure bill remains a top priority for the crypto industry. 

Senator Kennedy described the GENIUS Act as merely a “baby step,” emphasizing that the market structure legislation represents a “full leap” that must be carefully considered.

Democrats have also echoed Kennedy’s concerns. In a sign of a bipartisan push, a group of twelve Democratic senators revealed key changes earlier this week that seek to address the challenges surrounding market structure and regulatory clarity. 

They have emphasized that achieving a new crypto framework would require time and collaboration with the Republican Party to remove all regulatory obstacles regarding digital assets. 

Despite the details yet to be worked out between the two parties, significant progress has been made in the regulatory space, as evidenced by rising prices and a bullish sentiment that has ignited a new wave of investments in the crypto space. The timeline for the passage of this bill remains to be seen.

Featured image from DALL-E, chart from TradingView.com

Ethereum is currently trading around critical price levels as the market shifts into a new phase. The momentum that propelled ETH higher earlier this year has started to fade, with the asset now entering a consolidation period. While some altcoins have managed to post modest gains and Bitcoin continues to trade sideways, Ethereum’s price action reflects a cooling trend as traders wait for clarity on the next decisive move.

Despite this pause in momentum, institutional demand for ETH remains strong. Fresh data reveals that large players continue to accumulate Ethereum, even amid volatility and broader market uncertainty. This persistent inflow of institutional capital highlights confidence in Ethereum’s long-term role as the leading smart contract platform, with its deep DeFi, NFT, and layer-2 ecosystems continuing to attract adoption.

Still, Ethereum’s short-term path is heavily influenced by macroeconomic forces. Weakening US labor data and uncertainty surrounding the Federal Reserve’s interest rate policy continue to shape risk sentiment across financial markets. While the Fed’s eventual pivot to rate cuts would support liquidity and risk assets, the timing remains unclear, keeping volatility elevated. For Ethereum, this mix of strong institutional demand and uncertain macro headwinds defines the tense equilibrium that currently grips the market.

Institutions Signal Confidence In Ethereum

According to data from Lookonchain, four newly created wallets withdrew a combined 78,229 ETH—worth approximately $342 million—from Kraken in just the past 10 hours. Such large-scale withdrawals are typically interpreted as signs of long-term holding intentions, since institutions and whales often move funds off exchanges for custody or strategic allocation.

This activity marks a significant shift compared to the first half of the year, when Ethereum and the broader altcoin market were under heavy pressure. Back then, aggressive corrections swept through the sector, wiping out speculative gains and forcing many short-term participants out of their positions. Sentiment was dominated by caution, and ETH struggled to maintain momentum as liquidity drained from altcoins.

The landscape today looks very different. Ethereum has not only recovered from those drawdowns but has also surged to new all-time highs, reaffirming its dominance in the smart contract space. Altcoins, too, are benefiting from renewed confidence, with capital rotation supporting fresh rallies across the market.

Institutional flows like these highlight a deeper conviction that Ethereum remains a cornerstone of the crypto ecosystem. As ETH consolidates at higher levels, continued accumulation by large players suggests that the foundation for further upside remains strong, even amid lingering macro uncertainty.

ETH Holds Tight Range

Ethereum is currently trading at $4,436, showing signs of strength after consolidating in a tight range near $4,300 for several days. The 4-hour chart indicates ETH is attempting to push higher, testing overhead resistance levels as bulls try to regain momentum. The 50 SMA at $4,338 and the 100 SMA at $4,388 have acted as short-term support, with price now trading just above them—an encouraging sign for buyers.

The next key resistance is the 200 SMA at $4,416, which ETH is currently pressing against. A clear breakout and consolidation above this level could open the door for a retest of $4,600, with the potential to extend toward $4,800 if momentum builds.

On the downside, support remains well-defined. The $4,300 zone has held multiple times, and with the 50 and 100 SMAs aligned there, it provides a solid cushion for bulls. A breakdown below this area could invite renewed selling pressure, dragging ETH back toward $4,200 or even $4,100.

Ethereum appears to be in the early stages of a potential recovery. Holding above the $4,400 region and breaking past the 200 SMA would strengthen the bullish outlook, while failure here could mean more consolidation before any decisive move.

Featured image from Dall-E, chart from TradingView

Полиция Гонконга проверила жалобы сотрудников нескольких местных социальных учреждений и задержала двух технических сотрудников домов престарелых. Задержанных подозревают в создании нелегальных майнинговых ферм, сообщили правоохранители.

Ethereum has flipped slightly bullish again after facing bearish pressure for several days and is trading back above the $4,300 price level. Amid this price fluctuation, a recent report shows that ETH’s staking activity has grown exponentially, with a massive portion of the altcoin locked away in staking.

A Massive Growth In Ethereum Staking

While Ethereum’s price is regaining upward traction, staking activity is on the rise. Currently, investors are doubling down on ETH, with staking activity spiking sharply as confidence in the network’s long-term potential strengthens.

This notable surge in staking activity was shared by CryptoGucci, a crypto enthusiast, on the X (formerly Twitter) platform. The development shows a robust commitment from institutional and retail players, who view Ethereum’s proof-of-stake architecture as a pillar for safeguarding the blockchain’s future rather than merely a yield potential.

According to the expert, there is currently more than 36,148,793 ETH locked into staking, even as market volatility continues to shape the broader crypto landscape. This significant number of ETH locked away in staking represents over 29.9% of the total supply of ETH in circulation.

At current market prices, the total ETH locked in staking is worth a staggering $158 billion. CryptoGucci noted that the huge capital from institutional and retail investors championed to the ecosystem is committed to securing ETH through staking.

During this substantial wave of ETH staking, a large portion of the altcoin has been persistently withdrawn from major crypto exchanges. Recent reports reveal that Ethereum’s exchange supply is on a steady downward trajectory, and the trend does not appear to be showing any signs of slowing down.

After examining the Ethereum Exchange Reserve metric, CryptoGucci highlighted that the ETH supply on exchanges continues to reach record lows. This development signals a strong shift towards staking and long-term holdings, which reflects rising investor confidence in the altcoin’s potential.

Presently, Exchange-Traded Funds (ETFs) are purchasing billions, treasuries are piling, and institutions are hoarding. Given the ongoing robust attention directed toward ETH, the expert is confident that a notable rally could be on the horizon.

ETH Locking A Larger Chunk Of Spot Market Share

Ethereum is continuously breaking crucial boundaries in the ongoing bull market cycle. In a post on the X platform, Milk Road, a crypto expert, reported that ETH has flipped Bitcoin, the largest crypto asset, in terms of spot market share.

For the first time ever, ETH has captured a larger share of the spot market compared to Bitcoin, surpassing the 50% mark. According to the crypto expert, this is a five-year breakout that indicates the direction of liquidity flow. ETH’s overtaking BTC in this area is a result of stablecoins, tokenization, ETFs, and regulation converging on the network.

Bitcoin is trading just above the $113,000 resistance level but has so far failed to sustain further upside momentum. The market finds itself in a tense and uncertain phase, leaving investors cautious as the short-term outlook remains unclear. While bulls managed to reclaim a critical level, the lack of follow-through has created hesitation among traders seeking stronger confirmation of trend direction.

Adding complexity to the picture, top analyst Darkfost highlights fresh onchain data showing BTC outflows from miners, measured on a 7-day average. These flows suggest miners are moving coins out of reserves—a move often interpreted as preparation for selling, though it can also reflect internal management or security adjustments. What makes this moment particularly notable is the record low in BTC inflows from miners.

Throughout this cycle, miner inflows have remained weak compared to previous periods, signaling that miners are holding onto more of their reserves. Still, these muted inflows underscore the broader uncertainty in the market: while miner conviction appears strong, investors remain divided on whether Bitcoin’s next major move will be higher or lower.

Bitcoin Miners Are Holding Strong

According to analyst Darkfost, the record low in BTC inflows from miners reflects a deeper shift in how mining operations are approaching this cycle. He points to several reasons, but the most important is that Bitcoin’s value and overall market capitalization continue to grow in tandem with real-world adoption.

Governments and large corporations are increasingly integrating Bitcoin into their financial strategies, lending it a level of legitimacy that reinforces confidence among miners. With the asset maturing and institutional demand rising, miners are more inclined to hold their reserves instead of rushing to liquidate them.

Another factor is the sheer price appreciation Bitcoin has achieved. Miners no longer need to sell large amounts of BTC to cover operational expenses. Even modest liquidations are sufficient to secure capital for equipment, energy, and overhead costs. This dynamic greatly reduces the constant sell pressure that characterized earlier market cycles, allowing more coins to remain off exchanges and strengthening Bitcoin’s scarcity narrative.

Darkfost also highlights the resilience miners have shown during stress periods in this cycle. While volatility has tested the market, Bitcoin’s drawdowns have been relatively mild compared to previous eras. In fact, when compared with past cycles, miners may actually be experiencing the easiest conditions they have ever faced. Strong fundamentals, higher valuations, and growing global adoption have all combined to create a cycle where miners can weather downturns with far less strain.

Ultimately, this evolving behavior underscores how Bitcoin has matured. Miners are no longer forced sellers at every dip but rather strategic holders who can afford to think long term.

Price Reclaims Critical Level

Bitcoin is trading at $113,819 after a steady climb from early September lows near $110,000. The 4-hour chart shows BTC pushing into a critical resistance zone defined by the 200 SMA at $113,781, which has capped upside attempts in recent weeks. A successful breakout and consolidation above this level could confirm bullish momentum and pave the way for a move toward $116,000 and eventually the key resistance at $123,217.

The 50 SMA at $111,668 and 100 SMA at $110,891 are trending upward beneath current price action, offering dynamic support and reflecting the improving short-term structure. As long as BTC holds above $112,000, the near-term bias remains constructive, with buyers gradually regaining control after weeks of sideways trading.

However, the rejection risk at the 200 SMA remains significant. If BTC fails to establish support above this level, it could slip back toward $112,000, with a break lower exposing the $110,000 support zone once again.

The chart highlights a pivotal moment for Bitcoin. Bulls have built momentum, but reclaiming and holding above the 200 SMA is critical to unlock further upside. Until then, BTC remains rangebound, caught between rising support and heavy overhead resistance.

Featured image from Dall-E, chart from TradingView

Il Kirghizistan ha compiuto un passo concreto verso la creazione di una riserva statale di asset cripto—praticamente centrata su Bitcoin—insieme a operazioni di mining sostenute dal governo.

Kirghizistan Mira a una Riserva di Bitcoin e al Mining Statale

Durante un’udienza del 9 settembre presso la Commissione Budget, Politica Economica e Fiscale dello Zhogorku Kenesh (parlamento), il Ministro dell’Economia e del Commercio Bakyt Sydykov ha dichiarato che le bozze di emendamento alla legge “Sugli Asset Virtuali” introdurranno i concetti di “mining statale” e di “riserva statale di criptovaluta”.

Ha spiegato che la riserva sarà costruita attraverso diversi canali—“mining, tokenizzazione di asset reali e emissione di stablecoin supportate dalla valuta nazionale”—e che il meccanismo servirà a “rafforzare la stabilità finanziaria del paese e fornire nuovi strumenti di accumulo”.

Il ministro ha fornito dati concreti sul settore. Da gennaio a luglio 2025, il fatturato delle aziende operanti nell’economia cripto del Kirghizistan “ha superato 1 trilione di som”, generando “900 milioni–1 miliardo di som” di entrate fiscali. I registri ufficiali indicano ora 169 13 exchange e 11 aziende di mining, ha affermato Sydykov.

La sicurezza energetica ha dominato il dibattito in commissione. Il deputato Dastan Bekeshev ha avvertito che “servono circa 800.000 kilowatt per minare un bitcoin. È abbastanza energia per alimentare circa 1.200 appartamenti per un mese. Sta arrivando l’inverno—ne vale la pena?”

In risposta, Sydykov ha dichiarato che il Kirghizistan applica tariffe elettriche separate al mining e che lo stato le rispetterà. Ha sottolineato che nessuna mining farm sarà situata presso centrali termiche o presso l’impianto idroelettrico in costruzione Kambar-Ata-1. “Lo scopo principale delle centrali termiche e idroelettriche, incluso il Kambar-Ata-1 in costruzione, non è legato al mining. La capacità delle piccole centrali idroelettriche è utilizzata in quest’area: 17 sono attualmente operative e altri 15 progetti sono in corso”, ha dichiarato il ministro.

La bozza riforma anche le regole di mercato. Sydykov ha affermato che a partire dal 1° gennaio 2026, qualsiasi exchange di criptovalute che desideri operare a livello nazionale dovrà avere almeno 10 miliardi di som di capitale autorizzato—una soglia prudenziale che il governo definisce necessaria per “rafforzare la fiducia nel mercato e sviluppare l’industria cripto nel paese”.

I media locali che seguono l’iter della legge sottolineano che il “mining statale” è definito come l’estrazione di asset digitali utilizzando energia, infrastrutture e risorse tecnologiche statali, con la riserva che sarà formata non solo dai proventi del mining ma anche dall’emissione di token e dall’acquisizione di asset virtuali di proprietà dello stato.

Sebbene il linguaggio della legge utilizzi costantemente “riserva di criptovaluta”, il dibattito in commissione e il quadro dei rischi si sono concentrati su Bitcoin. Il confronto sui consumi energetici di Bekeshev faceva esplicito riferimento a “un bitcoin”, e la fonte preferita dal governo—il mining—indica chiaramente il BTC come asset principale.

Il Kirghizistan Corre Contro il Kazakistan nella Spinta Crypto dell’Asia Centrale

Questo approccio pratico è in linea anche con segnali di politica precedenti. A metà aprile, l’Agenzia Nazionale per gli Investimenti del Kirghizistan ha firmato un memorandum strategico con Changpeng Zhao, co-fondatore di Binance, nominandolo formalmente consulente sulla politica nazionale blockchain e sulla strategia Web3. All’inizio di maggio, durante una visita a Bishkek, Zhao ha suggerito pubblicamente che il paese utilizzi Bitcoin—insieme a BNB—come asset iniziali per una riserva nazionale di criptovalute.

La spinta arriva mentre il settore cripto del Kirghizistan è diventato centrale da un punto di vista economico e geopolitico. L’aumento dell’attività sulle piattaforme nostrane è coinciso con il controllo delle sanzioni occidentali, comprese le misure britanniche e statunitensi ad agosto contro entità legate a una rete di stablecoin ancorata al rublo e a società kirghise accusate di aver agevolato l’elusione delle sanzioni russe—pressioni che hanno spinto il presidente Sadyr Japarov a rivolgersi pubblicamente a Washington e Londra. Il governo ha respinto le accuse e ha sottolineato che le operazioni bancarie legate alle cripto sono sotto supervisione statale.

Il contesto regionale si sta muovendo in parallelo. Il vicino Kazakistan ha appena proposto la creazione di un “fondo di riserva cripto” nazionale nell’ambito del piano “Stato della Nazione”, parte di un’agenda più ampia sugli asset digitali che include un progetto pilota “CryptoCity” e una nuova legislazione entro il 2026.

L’analista Daniel Batten ha evidenziato una differenza chiave rispetto ad altri stati interessati al Bitcoin, osservando su X che “A differenza di El Salvador, Pakistan, Argentina e CAR, il Kazakistan non ha un prestito dall’IMF—quindi questa iniziativa probabilmente procederà senza ostacoli.” Se Astana procederà, sarà il secondo stato dell’Asia Centrale a costruire formalmente un buffer di asset digitali, intensificando dinamiche regolatorie e competitive nella regione.

 

KuCoin has named Adam Scott its Global Brand Ambassador in a deal that will tie a major crypto exchange to one of golf’s best-known players.

According to the company, the agreement runs for a three-year term and is worth an eight-figure sum. The move marks a clear push by a crypto firm into pro sports, and it comes as exchanges chase new audiences beyond trading floors.

KuCoin Signs Golf Icon

According to reports, Scott turned pro in 2000 and has more than 30 professional wins to his name. He won the Masters Tournament in 2013, reaching World No. 1 in 2014, and has been noted for an unusually long streak of major entries — 97 consecutive major championships at the time of reporting.

Fans saw this as a signal that KuCoin wanted credibility and calm steadiness in a brand face. Industry observers say the choice of a golfer is different from the usual soccer and motorsport tie-ups.

It’s official. KuCoin welcomes golf icon Adam Scott as our Global Brand Ambassador

Golf is about integrity, precision, and resilience, the same values we live by at KuCoin. Adam Scott shows them on the course, just as we uphold them in building a trusted crypto platform.… pic.twitter.com/w8OvSBP18V

— KuCoin (@kucoincom) September 10, 2025

A Different Kind Of Sports Deal

Reports have disclosed that crypto sponsorship spending climbed about 20% year-on-year to roughly $565 million, reflecting heavier marketing bets by crypto companies across sports.

Most of that money landed in soccer and motorsports. Golf deals, while not unheard of, are rarer. That makes KuCoin’s bet on Adam Scott stand out, given his long career and global fan base.

Why This Will Matter To Fans

For casual fans, the tie may mean more ads during tournaments and a stream of branded content. For serious followers, it may mean new events, meet-and-greet promotions, or charity work backed by the exchange.

According to the company release, KuCoin plans global campaigns that position Scott as a face of the brand. The company argued that Scott’s values match the image it wants to present — steadiness, precision, and a long record of performance.

Marketing, Money And Regulation

The industry is watching how regulators will react to more visible crypto sponsorships. Advertising rules in some markets are changing; several countries have tightened how crypto is promoted to ordinary people. KuCoin’s move could prompt scrutiny where local rules are strict.

Scott said he is curious about crypto and its potential role in finance and payments, and he is open to helping explain parts of it to a wider public.

Featured image from PGA Tour, chart from TradingView