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Комиссия по ценным бумагам и биржам США (SEC) утвердила стандарты, которые могут ускорить процесс одобрения заявок на запуск привязанных к криптовалютам спотовых биржевых фондов (ETF) на фондовых биржах Nasdaq, NYSE Arca и Cboe BZX.

За любой криптовалютой, как блокчейн-проектом, всегда стоит команда разработчиков, работу которой важно оценивать. Но как? Аналитическая площадка Santiment несколько лет назад предложила для этого интересную методику.

House Republicans are pushing to ban the Federal Reserve from creating a central bank digital currency (CBDC) by combining the anti-CBDC bill with the bipartisan crypto market structure bill.

GOP Lawmakers Push For CBDC-CLARITY Merger

GOP members in the US House of Representatives voted to retroactively combine H.R. 1919, also known as the Anti-CBDC Surveillance State Act, with H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act of 2025.

According to a Politico report, the House was set to vote on Tuesday afternoon on a procedural vote that included a provision to combine the Anti-CBDC legislation with the CLARITY Act, both of which passed the US Congress’s lower chamber back in July.

The engrossment would include the CBDC text in the final version of the market structure bill sent to the Senate. “Provides that in the engrossment of H.R. 3633, the Clerk shall add the text of H.R. 1919, as passed by the House, as new matter at the end of H.R. 3633; conform the title of H.R. 3633 to reflect the addition of H.R. 1919, as passed by the House, to the engrossment,” the provision reads.

Notably, the anti-CBDC measure, sponsored by Majority Whip Tom Emmer, narrowly passed the House vote two months ago during the historic “Crypto Week,” which saw the passage of crucial crypto legislation, including the GENIUS Act.

At the time, GOP leaders pushed to combine the two bills after passing the vote to reconsider the bills, which initially failed to pass their procedural vote. However, Republican representatives on the Financial Services Committee opposed the measure, arguing that it could endanger the CLARITY Act’s bipartisan support.

House Agriculture Committee Republican representatives also considered that combining the two bills would have killed the CLARITY Act, arguing that it risked losing Democrats’ votes over the anti-CBDC language.

Ultimately, Republican leaders vowed to include the CBDC ban in Congress’s annual must-pass defense policy legislation and added the anti-CBDC language in the National Defense Authorization Act (NDAA). Politico noted that “few Democrats support the provision, meaning it is likely to get stripped out of the bill by the Senate.”

Senate To Advance Its Crypto Market Structure Bill

In a statement, a spokesperson for House Financial Services Chair French Hill said that “passing both the CLARITY Act and Anti-CBDC bill were key priorities for members of the House.” They added that “by combining both measures and sending them to the Senate, the House continues to advance both priorities.”

According to crypto journalist Eleanor Terret, the broad response among Capitol Hill sources was that the measure “really doesn’t change anything, as the Senate is working on its own bill which includes anti-CBDC language anyway.”

Notably, multiple US lawmakers, including Senator Cynthia Lummis, expect the bill to pass before the end of the month and reach President Donald Trump’s desk by year’s end. Some senators have raised concerns about the status of the upper chamber’s version of the bill, which has not been introduced yet, while House leaders have asked the Senate to pass the CLARITY Act.

“Republican and Democratic senators continue talks on the market structure legislation, which a group of leaders from several major crypto firms is set to meet tomorrow morning with Senate Banking Committee leadership in a roundtable, according to two industry invitees,” Terret reported on Tuesday night.

She noted that the meeting follows “more than a week of industry review of the committee’s latest approach to distinguishing securities from commodities, DeFi treatment, and other key issues.”

As the push for pro-crypto innovation intensifies, particularly in light of the United States’ regulatory advancements under President Donald Trump, the UK’s Financial Conduct Authority (FCA) is considering new proposals that may exempt crypto firms from certain integrity rules designed to protect consumers. 

Key Principles For UK Crypto Trading Platforms

The FCA has recently published a consultation outlining minimum standards that could potentially waive four crucial principles for crypto asset trading platforms. 

These principles mandate that firms operate with integrity, exercise skill and diligence, prioritize customer interests, and ensure that the advice and discretionary decisions provided to customers are appropriate.

David Geale, the FCA’s Executive Director of Payments and Digital Finance, emphasized the regulator’s intention to cultivate a sustainable and competitive crypto sector. He stated, “We want to balance innovation, market integrity, and trust.” 

While acknowledging that these proposals will not eliminate the potential risks associated with cryptocurrency investments, Geale noted they would help firms establish common standards, offering consumers clearer expectations.

In light of recent events, such as the $1.5 billion hack of Dubai-based cryptocurrency exchange Bybit in February, the FCA is also advocating for stricter operational risk management protocols. 

Talks To Shape Future Regulatory Framework

The FCA is also seeking feedback on whether the consumer duty—which mandates that firms prioritize their customers—should apply to digital asset firms. Additionally, discussions are underway regarding customer access to the Financial Ombudsman Service for potential compensation. 

Charles Kerrigan, a partner and artificial intelligence (AI) specialist at law firm CMS, suggested that it is likely the consumer duty will apply once crypto assets are integrated into the broader regulatory framework.

Interestingly, digital asset adoption among the British public is on the rise, with recent government statistics indicating that approximately 12% of adults own or have owned currencies such as Bitcoin (BTC) or Ethereum (ETH), a significant increase from just 4% in 2021.

The FCA’s proposals come after the UK signaled its intention to collaborate with the US on crypto. Recent discussions between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent have reportedly set the stage for a significant agreement aimed at enhancing cooperation in the cryptocurrency sector. 

The meeting included representatives from major digital asset companies like Coinbase (COIN), Circle (CRCL), and Ripple, as well as US banking institutions such as Citigroup and Bank of America.

The urgency of these discussions was prompted by a letter from crypto industry groups urging the UK government to prioritize digital assets and blockchain in any new trade arrangements with the US.

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

Openbank, the online banking arm of Banco Santander, has started offering retail customers direct access to cryptocurrencies in Germany, according to company statements and market reports.

The service lets users buy, sell and hold crypto inside their bank account, with trading available for Bitcoin, Ethereum, Litecoin, Polygon and Cardano.

Based on reports, the bank plans to make the offering available in Spain within weeks and to roll it out to other EU countries later this year.

Santander Expands Crypto Access

The new feature is built into Openbank’s investment platform so customers do not need to move money to an outside exchange.

According to the bank, users can trade coins from the same app where they manage other accounts.

Openbank, Banco Santander’s online bank, has started offering retail crypto trading, the latest move by a major European lender into the asset class https://t.co/IcozNgW1at

— Bloomberg (@business) September 16, 2025

The initial list includes five major tokens, chosen for liquidity and demand, while a broader menu of assets is expected in future updates.

Trading Costs And Custody Rules

Reports have disclosed the buy and sell fee is 1.49% per transaction, with a minimum charge of €one per operation.

There are no custody fees for holding assets on the platform, the bank says. For casual investors who plan to buy and hold, that no-holding-fee model may be attractive.

Heavy traders, though, may find the 1.49% cost higher than some dedicated crypto exchanges.

Rollout Timeline And Limits

Openbank’s launch began in Germany. Based on reports, Spain will follow in the coming weeks, and broader EU availability is planned later in the year.

The bank has indicated that it will add additional cryptocurrencies in the future and potentially offer crypto-to-crypto conversion at some point.

Currently, the service is all about fiat-to-crypto direct trades and a limited selection of well-known coins.

Regulatory And Compliance Notes

The product is covered under the European Markets in Crypto-Assets regime, or MiCA, which provides rules for crypto services within the EU.

The bank will implement KYC and AML processes applicable to regulated financial institutions, reports add. That means customers can expect identity checks and standard anti-money-laundering controls when they sign up to trade.

Why It Matters For Customers

This move brings crypto trading into the mainstream banking app for retail users. Reports have disclosed that traditional banks adding crypto features can make it easier for everyday savers to try these assets without opening accounts on unfamiliar platforms.

At the same time, the limited initial token list and the fee level mean serious crypto users might still prefer specialist exchanges for low fees or access to many smaller tokens.

Santander’s digital unit has said it will expand the service and widen the asset list. Based on reports, the bank aims to balance regulated oversight with easier access for retail clients.

Observers will be watching how pricing, supported tokens and country-by-country rollout play out in the months ahead.

Featured image from American Banker, chart from TradingView

VivoPower International, a Nasdaq-listed B-Corp now pivoting to an XRP-centric treasury, said on September 16 it has structured its mining and treasury operations so that it can acquire the token “at up to a 65% discount” to prevailing market prices—by mining other proof-of-work assets and swapping those mined tokens.

VivoPower Doubles Down On XRP

The company’s digital-asset arm, Caret Digital, has secured bulk-purchase discounts for additional mining rigs and plans to expand operations, a move it says further improves its unit economics and lowers the effective cost basis of the tokens obtained via token swaps. “Mined tokens will be exchanged into XRP, delivering an effective 65% discount, based on current market prices,” the release states.

The mechanics, as described by VivoPower, hinge on a dual-pronged treasury program: first, produce mined tokens through an expanded fleet acquired at negotiated bulk discounts; second, convert those mined tokens into XRP rather than buying it directly in the open market.

In parallel, the company says it will continue to seek exposure to Ripple Labs’ equity as part of its strategy to secure XRP-linked assets “at the lowest average cost possible.” VivoPower did not publish a detailed formula for the “effective 65%” figure, but tied the claim to current prices and the economics of mining and procurement.

The discount-driven swap strategy is part of a broader corporate transformation in which VivoPower describes itself as “the world’s first XRP-focused digital asset enterprise,” with a mandate to acquire, manage, and hold the token over the long term while supporting ecosystem-based infrastructure and real-world applications. The group operates two business units: Tembo, which develops electric utility vehicles and associated energy solutions, and Caret Digital, which is tasked with power-to-X initiatives including mining.

Not Just Purchases

VivoPower has layered other initiatives onto this treasury pivot. On September 2, the company announced a definitive agreement with Doppler Finance—a native yield platform backed by ReForge, DCG and other Ripple-affiliated entities—to deploy an initial $30 million of XRP in staged tranches.

The program is positioned as a “regenerative loop,” with yields reinvested back into reserves to compound the treasury over time. “By harnessing Doppler Finance’s programmable infrastructure, we can put reserves to work while retaining XRP as our cornerstone treasury asset,” Executive Chairman and CEO Kevin Chin said in the statement.

A week later, on September 8, VivoPower’s Tembo subsidiary said it would accept Ripple USD (RLUSD) for customer and partner payments—citing near-instant settlement and lower costs versus traditional cross-border bank transfers. The company framed RLUSD acceptance as both operationally pragmatic for its global footprint and strategically aligned with its treasury plan, noting RLUSD’s issuance on both the XRP Ledger and Ethereum.

Taken together, the mining-to-swap channel, the Doppler yield deployment, and RLUSD integration sketch a cohesive playbook: reduce the acquisition cost via mining and procurement discounts, generate yield on held tokens within an institutional framework, and deepen real-economy ties to the ecosystem through stablecoin-based payments. While the “up to 65%” effective discount claim is explicitly forward-looking and contingent on market conditions, VivoPower intends to load up on XRP—by producing and swapping rather than simply buying.

At press time, XRP traded at $3.02.

Sui Network (SUI) has become one of the first launch partners for Google’s Agentic Payments Protocol (AP2). This open-source standard enables AI-driven agents to perform secure, programmable payments without human intervention.

Developed by Mysten Labs, Sui’s Move-based architecture and zkLogin privacy solution made it a natural fit for Google’s initiative. AP2 is already supported by over 60 industry giants, including PayPal, Salesforce, and American Express, signaling its potential to become a cornerstone of automated commerce.

By integrating privacy-first identity and programmable transactions, AP2 could improve how AI interacts with payments, from subscriptions and paywalls to real-world purchases, while positioning Sui at the heart of this technological shift.

ETF Filings Signal Wall Street’s Growing Interest

Adding to the momentum, several ETF issuers have filed applications with the U.S. Securities and Exchange Commission (SEC) that include Sui. Among them is Tuttle Capital’s proposed “SUI Income Blast ETF,” designed to give both institutional and retail investors exposure to the token.

This move follows a broader wave of crypto ETF filings across assets like Avalanche (AVAX) and Bonk (BONK), highlighting Wall Street’s increasing appetite for altcoins. Analysts note that infrastructure-focused projects such as Sui and Avax have stronger chances of approval compared to riskier memecoin-linked products.

If greenlit, a SUI ETF could channel significant liquidity into the network, bracing demand at a time when adoption of AI-driven payments is expected to accelerate.

Price Outlook: Can SUI Break Into the Top 10?

SUI currently trades around $3.58, marking steady gains since the Google announcement.

Technical analysts point to historically tight Bollinger Bands, a pattern that preceded Sui’s 250% rally in December 2023 and a 404% surge in September 2024. If history repeats, SUI could see a 150–200% breakout, targeting prices between $6 and $8.

Market watchers are also considering wider factors, including potential Bitcoin volatility, token unlocks, and regulatory scrutiny over AI-payment integrations. Nevertheless, the rise of Google’s AP2 partnership, ETF filings, and bullish technical signals indicates that Sui could ascend the ranks of major cryptocurrencies.

If momentum persists, analysts believe Sui has a real chance of entering the top 10 digital assets by market capitalisation before 2026, boosting its position in AI-driven finance.

Cover image from ChatGPT, SUIUSD chart from Tradingview

Crypto analyst Rob Cunningham has used AI to calculate how high the XRP price could be if the XRP ETFs eventually launch. Based on the forecast, the altcoin could rally to as high as $50 solely based on inflows into these funds. 

How High The XRP Price Could Rise If XRP ETFs Are Approved

In an X post, Rob predicted that the XRP price could rally to $50 in the extreme stress case based on the inflows into the XRP ETFs. He also mentioned that a conservative target would be between $8 and $12 within 12 months, while an “aggressive but plausible” target would be between $20 and $30.  

He revealed that these targets were based on ChatGPT’s forecast of how high the XRP price could rise solely on $17 billion in new ETF purchase demand over the next 12 months. The analyst broke down the framework with which this calculation was made. First, he noted that the float available is 5 billion XRP while the inflow assumption is $17 billion over 12 months. 

Furthermore, the starting XRP price is $3, and the total float market value is $15 billion. Based on this, Rob remarked that the new demand from the ETFs will exceed the entire float’s value in one year. He further explained that if a buyer commits $17 billion (the XRP ETFs in this case) to buying XRP at $3, then they could purchase 5.7 billion coins. Meanwhile, the float is capped at 5 billion, with the shortage triggering a repricing. 

The analyst added that the price will continue to rise until the available float satisfies the $17 billion demand. This is what led to the conservative target of $8 to the extreme stress case of $50 for the XRP price. Rob stated that ETFs don’t just absorb liquidity but that they institutionalize demand. 

With $17 billion committed and such a thin float, the analyst believes that researchers should view a double-digit XRP price (between $10 and $30) as a realistic equilibrium target. Rob added that there is further upside risk if retail and crypto treasuries refuse to sell. 

Another Parabolic Rally When FOMO Sets In

Rob also provided a second scenario, in which XRP records a larger demand as FOMO sets in. He believes this FOMO will come from mainstream banks, RIAs, institutions, and retain investors as the XRP ETFs push the XRP price higher. He noted that the capital base will be larger than the $17 billion that ETFs are projected to bring when the broader financial system joins in. 

These financial institutions hold and manage trillions of dollars in assets. As such, Rob predicts that even 0.5% of allocation from these firms into XRP will dwarf the XRP ETF inflows. He added that $700 billion could flow into the altcoin from these institutions, which is way above the float of 5 billion coins. In line with this, the analyst asserted that $8 to $30 is likely for the XRP price without FOMO, while broad FOMO could lead to a rally to as high as $150. Lastly, he remarked that a systemic allocation could lead to a rally to as high as $500.

Bitcoin exchange-traded funds (ETFs) are back in the spotlight after registering their strongest inflows since July. According to K33 Research, U.S. spot Bitcoin ETFs recorded $2.34 billion in net inflows last week, lifting combined holdings to 1.32 million BTC.

This surge marks a decisive return of institutional demand, with ETFs surpassing their July peak and cementing their role as a critical driver of Bitcoin’s market performance.

BlackRock’s iShares Bitcoin Trust (IBIT) once again dominated activity, pulling in over $1 billion in inflows, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) secured $843 million.

Ark Invest’s ARKB followed with nearly $182 million. Together, these three issuers absorbed more than $2 billion, reflecting the consolidation of investor confidence around the largest fund managers.

Institutional Demand Pushes Bitcoin ETFs Higher

Recent trends show that ETFs have become the main method for institutional and retail investors to gain regulated Bitcoin exposure. Analysts at Bitwise noted that inflows into Bitcoin ETFs have exceeded new BTC supply by almost nine times, creating a bullish supply-demand imbalance that enhances Bitcoin’s price outlook.

Meanwhile, Ethereum ETFs are struggling to keep pace. Reports show $62 million in weekly outflows, with Fidelity’s FETH and Bitwise’s ETHW leading the declines. This divergence suggests a market “re-rotation” from Ethereum back to Bitcoin, as traders prioritize BTC ahead of this week’s Federal Reserve rate decision.

What It Means for BTC’s Price Outlook

With net assets of Bitcoin ETFs now above $150 billion, equivalent to over 6.5% of Bitcoin’s total market cap, these products are shaping BTC’s price trajectory more than ever before.

Strong inflows typically translate into buying pressure, and if the trend continues, analysts believe ETFs could soon hold 10% of Bitcoin’s circulating supply.

However, volatility risks remain. While inflows signal bullish sentiment, upcoming macroeconomic events, particularly the Federal Reserve’s interest rate decision, could influence short-term market direction.

A dovish Fed stance may push Bitcoin toward the $60,000–$65,000 resistance zone, while a hawkish outlook could test support near $55,000.

Currently, the message is clear: institutional demand for Bitcoin is increasing, ETFs are spearheading the movement, and the inflows indicate growing confidence in BTC’s long-term value as both a store of wealth and a hedge against macroeconomic uncertainty.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Bitcoin treasury companies have seen a record-breaking 2025 so far, but CryptoQuant data shows momentum has started to slow down.

Bitcoin Treasuries May Be Observing A Slowdown

In a new post on X, on-chain analytics firm CryptoQuant has discussed how the latest trend is looking when it comes to Bitcoin corporate treasuries. Popularized by Michael Saylor’s Strategy (formerly Microstrategy), the treasury playbook refers to a model where a publicly listed entity buys and keeps BTC as a reserve asset on its balance sheet.

The previous cycle saw this treasury strategy gain some steam, but things have gone up a notch this cycle as the success of Strategy has encouraged companies to go bolder.

As the below chart shows, 2023 peaked at just 15 new treasury buyers of Bitcoin, but the number more than doubled to 38 in 2024.

2025 has only continued this trend of acceleration, with 89 companies already having added BTC to their balance sheets, when there are a few months left to go for the year.

That said, while 2025 has certainly been impressive so far, granular data could show early signs that a shift may be underway.

As is visible in the above graph, the Bitcoin treasury strategy hype saw an increase over the year, peaking at 21 new firms in July. In August, however, the number dropped to 15, and in the first half of September, so far, just one new company has employed this model. Based on the data, CryptoQuant concludes, “the slowdown has begun.”

The cooldown in momentum is also evident in the stock charts of some of these firms.

Examples of this include The Blockchain Group, which was sitting at +1,820% at its peak before seeing a decline to +443%, and Metaplanet, down to +55% from its +355% top. “Signs the hype is deflating as reality sets in,” notes the analytics firm.

Though while signs have been there for a slowdown, the big buyers haven’t looked done accumulating Bitcoin yet. Strategy has regularly been buying and has added $19.3 billion to its reserves year-to-date. Similarly, Metaplanet has expanded its treasury by $1.92 billion.

Today, Bitcoin treasury companies as a whole control more than 1 million tokens, equivalent to 5% of the entire BTC supply in circulation. Strategy alone makes up for 66% of this stack.

BTC Price

Bitcoin has furthered its recovery over the past day as its price has surged to $116,600.

The first exchange-traded fund (ETF) providing direct exposure to XRP prepares to launch this week. Following the considerable attention already garnered by futures-based XRP ETFs, ETF expert Nate Geraci says this debut is a moment that will test the strength of investor interest. Many in the market now wait to see if the new fund will draw the same level of attention, or if demand may not be as robust as some hope.

REX-Osprey Uses Regulatory Path To Launch First Spot XRP ETF

According to Nate Geraci, REX-Osprey is launching a new Spot XRP ETF.  He says the company is using the Investment Company Act of 1940 as a creative path, providing a way to move ahead with the launch and bring the fund to market faster without going through the more lengthy and rigorous approval process. The regulatory end-around enables the fund to circumvent the cumbersome process usually associated with the Securities Act of 1933. 

Geraci points out that this means the spot XRP ETF can begin trading now instead of waiting for full regulatory approval, which often takes much longer. For investors, it means they get a chance to test direct XRP exposure sooner than many expected.

Investors Face Key Test Of Demand As Futures ETFs Near $1 Billion

Geraci also explains that this launch will serve as a key test of demand for a proper spot XRP ETF under the ’33 Act framework. He calls it a litmus test, meaning it will show clearly how much appetite investors really have for this type of product. Futures-based XRP ETFs now hold $1 billion in assets, showing investor demand and clear interest in XRP-related products. The debut of the new spot product will make it clear if that same level of enthusiasm extends into direct exposure.

The launch of a spot XRP ETF matters because it extends beyond futures trading. While futures products provide indirect exposure, Geraci explains that this debut will test whether investors, especially institutions, want direct ownership through a spot fund. If the product gains traction, it will demonstrate that demand extends not only to derivatives but also to direct access to XRP itself. 

The question now, according to Geraci, is whether the new spot ETF will experience the same strong flows or if the market is not yet ready to commit to direct exposure fully. If investors invest large amounts, it will demonstrate to regulators and the broader market that demand is high. If flows are weak, interest has limits. 

Geraci says the result of this launch will send a clear signal about how investors see XRP’s role in the ETF market and how ready they are for spot products in the broader crypto industry.

With over $790 million worth of tokens set to unlock across several cryptocurrencies this week, Dogecoin’s (DOGE) daily linear unlock will inject millions of tokens into its already massive circulating supply. The timing couldn’t be more critical, coming just as rate cuts and new institutional products are expected to fuel bullish momentum. 

96.54 Million DOGE Set For Linear Unlock This Week

Dogecoin, the largest meme coin by market capitalization, is once again facing a supply test. Reports reveal that approximately 96.54 million DOGE tokens are scheduled for linear unlocks this week. According to crypto analyst Skyler, this massive DOGE unlock is valued at $26.68 million, representing roughly 0.06% of the meme coin’s circulating supply. 

Skyler noted on X social media that $1 million worth of Dogecoin is expected to unlock daily, gradually increasing the token’s substantial circulating supply of 150.97 billion DOGE. Notably, over $790 million worth of tokens across various assets are lined up for unlocks over the next seven days. Assets like Worldcoin (WLD), Celestia (TIA), and Solana (SOL) are scheduled for linear unlocks. At the same time, other projects like SEI, Arbitrum (ARB), MELANIA and Optimism (OP) are listed for one-time unlocks.

Interestingly, the supply increase in Dogecoin is expected to align with anticipated Federal Reserve (FED) rate cuts. Crypto analyst Unipcs reported that September 17 is a pivotal date for the FED’s decision on monetary policy. He also mentioned additional bullish catalysts, such as discussions around potential Dogecoin ETFs slated for September 18, alongside continued demand through Dogecoin Active Traders (DATs).

The analyst revealed that these catalysts present an overwhelming positive setup for Dogecoin in the near term. However, the looming 96.54 million DOGE token unlocks add another layer of complexity to the meme coin’s market dynamics. While reduced rates may trigger inflows, the steady supply release into circulation could counterbalance bullish momentum. 

Historically, Dogecoin’s massive supply has served as a key advantage in terms of liquidity and a significant challenge when sustaining long-term price breakouts. With a million dollars’ worth of DOGE set to flow into the market each day, the market could face heightened volatility and sharp price swings.  

Dogecoin Cycles Signal Explosive Breakout Ahead

Crypto analyst Trader Tardigrade has drawn attention to Dogecoin’s historical price action on the 3-day chart. In past cycles, the meme coin has repeatedly demonstrated the ability to break its all-time highs through strong, rapid surges.

Related Reading: Dogecoin Price Just Broke A Regional High For The First Time This Year, Why A 300% Rally To $1 Is Possible

These rallies have often come in concentrated bursts, with gains exceeding 1,500% in just over 100 days, and 2,500% in less than 99 days during previous market expansions. Trader Tardigrade’s chart analysis suggests that such an explosive breakout has not yet occurred in this cycle.

If history repeats itself, he predicts that Dogecoin could be on the verge of its most powerful rally yet. The analyst projects a potential price range of $3.2 to $5.3 by December 2025, representing an unprecedented leap from current levels of around $0.2. 

Широкое распространение стейблкоинов не спровоцирует массовый отток депозитов из банковской отрасли США, заявил руководитель отдела политики Coinbase Фариар Ширзад (Faryar Shirzad).

The Federal Reserve (Fed) announced its first interest rate cut of the year, leading to an immediate reaction in the cryptocurrency market. Bitcoin (BTC) experienced a notable decline, dropping below the $115,000 threshold shortly after the announcement. 

Expert Predicts Crypto Rally

Fed Chair Jerome Powell addressed the current economic landscape, noting that while inflation has eased significantly from its mid-2022 highs, it still remains elevated compared to the Fed’s long-term target of 2%. 

He also pointed out that there are increasing downside risks to employment in what he described as a less dynamic labor market. Looking ahead, Powell indicated that the Fed anticipates interest rates will settle between 3.5% and 3.75% by the end of 2025, a reduction of 0.50% from current levels. 

Additionally, he mentioned that the Federal Open Market Committee (FOMC) plans to implement two more rate cuts within this year.

Market expert Lark Davis took to social media platform X (formerly Twitter) to share his thoughts on the implications of the rate cuts. He stated that the easing of interest rates suggests that “the money printer is getting turned ON,” forecasting that cheaper capital would soon flow into the crypto market. 

Although Davis acknowledged the possibility of short-term dips, as evidenced by Bitcoin’s performance following the rate cut decision, he remains optimistic about a medium- to long-term rally for cryptocurrencies.

Will Rate Cuts Propel Bitcoin And Ethereum To New Heights Again?

Analysts at The Bull Theory supported this outlook in a previous analysis, explaining how lower interest rates enhance liquidity. They noted that reduced borrowing costs encourage both businesses and consumers to spend more, ultimately boosting economic activity. 

Drawing parallels to late 2024, after the Fed had begun its rate cuts, they highlighted how Bitcoin reached new all-time highs while Ethereum (ETH) surged past $4,000. This previous rally lasted approximately two months, suggesting that the current environment might lead to similar outcomes.

Despite the immediate volatility in the crypto markets, the analysts predict that smart money and market whales may attempt to shake out retail investors in the short term. However, they remain confident that, within a three- to six-month window, Bitcoin and other altcoins are likely to trade at much higher levels. 

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

Bitwise Asset Management has filed paperwork with the Securities and Exchange Commission for a new fund that mixes stocks and crypto assets tied to stablecoins and tokenization.

Reports say the proposal, if cleared, would mark one of the first US products directly tracking both sectors under one umbrella.

Two Sleeves, Equal Weight

The filing describes a product split into two equal parts. One half would hold shares of publicly traded companies involved in stablecoins or tokenization, such as issuers, payment firms, or exchanges.

The other half would gain exposure to digital assets through regulated exchange-traded products covering Bitcoin, Ethereum, oracles, and blockchain infrastructure.

Limits are built into the structure. No single crypto holding would account for more than 22.5% of that sleeve. On the equity side, companies are sorted into tiers based on how closely their business ties to stablecoins or tokenization. Each tier has its own cap to prevent heavy concentration in one firm.

Regulatory Shift Paves The Way

This move follows the passage of the GENIUS Act in July 2025, a law that brought stablecoin rules into clearer view. That piece of legislation is being credited with opening doors for funds like Bitwise’s, which could arrive on the market as early as November 2025 if approved.

Bitwise w a new filing for a Stablecoin & Tokenization ETF which will have sleeve of equities and crypto assets seen benefiting from those two trends. 40 Act so prob launch around Thanksgiving pic.twitter.com/TkTLE91H9H

— Eric Balchunas (@EricBalchunas) September 16, 2025

Analysts note the timing isn’t random. Stablecoin circulation has ballooned into the hundreds of billions of dollars this year, while tokenized real-world assets are climbing into the tens of billions.

Bitwise appears to be betting that investor demand for a regulated entry point into both categories is growing too large to ignore.

Balancing Risk And Demand

The ETF would be registered under the Investment Company Act of 1940, the same law covering most mutual funds. Rebalancing would take place four times a year, giving the fund a chance to adjust as prices shift or new players enter the market.

Bitwise’s move signals more than just another ETF bid. It reflects a push to bring stablecoins and tokenization directly into Wall Street’s reach, placing traditional equities side by side with regulated crypto exposure.

Whether regulators give it the green light or not, the filing underscores how quickly digital assets are becoming part of mainstream financial products.

Featured image from Pexels, chart from TradingView

Сооснователь криптобиржи BitMEX и инвестиционный директор фонда Maelstrom Артур Хейс (Arthur Hayes) заявил, что смена председателя Федеральной резервной системы (ФРС) неизбежно приведет к изменению политики американского центробанка и позволит цене биткоина преодолеть $1 млн до конца десятилетия.

With Bitcoin reclaiming and holding above the key $117,000 price level, this bullish move clearly implies that the ongoing bull market cycle is still alive and kicking. On-chain data shows that BTC’s current upward trend has notably reignited positive sentiment among short-term holders once again.

Short-Term Bitcoin Whales Are Back In The Profit Zone

In the midst of the renewed bullish action of Bitcoin, Darkfost, a market expert, has outlined a positive development in profitability. This rise in profits following the recent upsurge in BTC’s price is spotted among Bitcoin short-term holder whales. After surviving a tumultuous period of volatility, Bitcoin’s short-term holder whales are now sitting in the green, as the key cohorts returned to unrealized profit. 

The move highlights how quickly mood may alter when prices start to move in their favor and suggests a fresh wave of confidence among the market’s more recent major players. It is worth noting that this development is crucial to BTC’s price trajectory as short-term whales usually play a critical role in bolstering momentum and impacting broader market direction.

According to the market expert, short-term holders were put under pressure after the minor downturn at the start of September pushed their unrealized price zone. However, these investors are still defending this area for the time being, which ranges from $108,000 to $109,000 levels.

During similar corrections that occurred in the past, Darkfost highlighted that the short-term holder whales were pushed into realized losses. Nonetheless, this wave of bearish activity was short-lived and also well-defended by the cohorts, allowing BTC to quickly return to its upward trend.

Given that these investors have moved back into unrealized profit and past occurrences, BTC’s ongoing rally is likely to extend, with analysts foreseeing a surge to its current all-time high.

BTC’s Persistent  Respect Of The STH Cost Basis Bands

After examining the Risk Indicator: Realized Price By Short-Term Age Cohorts, on-chain platform Glassnode highlighted that Bitcoin continues to respect the STH cost basis bands. This constant alignment with this metric, which often serves as a gauge of market sentiment and support levels, implies that short-term players continue to have a big impact on market structure.

While respecting STH cost basis bands, the leading data analytics platform noted that failure to maintain the 1-month and 3-month realized level would validate a lack of momentum in the market. On the other hand, staying above them indicates that there is still hope regarding the FOMC statement and its impact on liquidity remains intact.

At the time of writing, BTC is showing strong upward performance, with a nearly 2% increase in the last 24 hours, pushing its price to $117,257. Data from CoinMarketCap shows that BTC’s price today is rising in a gradually bearish investor sentiment, as evidenced by a 10% decline in trading volume in the past day.

Uphold, a cloud-based digital financial service platform, has come under the spotlight after on-chain data confirmed that it safeguards approximately 1.59 billion XRP. According to Uphold’s Chief Executive Officer (CEO), Simon McLoughlin, these tokens are fully owned by customers, not the exchange itself. 

Uphold Clarifies Massive XRP Holdings

The crypto community was taken by surprise when data revealed that Uphold holds a staggering 1.59 billion XRP, valued at $4.81 billion based on current market value. The figure instantly placed the digital asset company among the largest custodians of XRP. 

McLoughlin recently took to X social media to clarify and reassure the community about the ownership of the XRP reserve. He explained that the XRP attributed to Uphold belongs to its customers, not the company. He further emphasized that these assets are safeguarded with transparency and trust rather than speculation. The CEO reminded the community that Uphold’s reputation has been built on standing strong during turbulent times, particularly when regulatory pressures rattled the wider crypto market. 

Responding to concerns about the XRP held within the exchange, McLoughlin stressed that Uphold operates differently from other platforms. He highlighted the company’s commitment to “radical transparency,” pointing out that the exchange maintains reserves of more than 100% at all times. Its assets and liabilities are published in real time, ensuring users can verify their funds independently.

McLoughlin further noted that Uphold never loans out customer deposits, making all funds immediately available for withdrawal. This approach is bolstered by a risk management team with financial regulation and law enforcement backgrounds, underscoring the exchange’s focus on compliance and security. In addition, the CEO reminded users that Uphold’s operating entities are domiciled in the United States, the United Kingdom, and Europe, and undergo regular US state audits. 

XRP Community Praises Uphold’s Loyalty And Integrity

McLoughlin’s statement on X was met with strong approval from the XRP community, which has long valued Uphold’s steadfast support for the cryptocurrency. Prominent voices, including crypto analyst Moon Lambo, praised the exchange for never abandoning XRP, even during its most difficult chapter when the US SEC launched a lawsuit against Ripple. Moon Lambo credited Uphold with enabling him to continue accumulating XRP, noting that the platform had been his preferred choice for over seven years. 

Other community members echoed similar sentiments, recalling how Uphold was among the few platforms that allowed them to access XRP when other exchanges delisted the token and suspended trading. Many users declared that this loyalty shaped their decision to trade and store XRP exclusively through the exchange. One user went as far as to say they willingly pay higher fees over rival services because Uphold earned their trust by resolving transactional issues swiftly and standing by XRP.

Крупные швейцарские банки UBS, PostFinance и Sygnum протестировали межбанковские платежи с использованием депозитных токенов, выпущенных на блокчейне Эфириума. Транзакции миновали традиционные каналы передачи финансовой информации, говорится в заявлении Швейцарской банковской ассоциации (SBA).

Bitcoin is trading around $115K today as the market braces for the Federal Reserve’s interest rate decision, a moment expected to define the coming weeks. The atmosphere is tense, with bulls preparing for a surge if the Fed opts for a 25bps cut, which many analysts view as a constructive and bullish signal. However, uncertainty remains high, as broader volatility continues to drive the market without a clear trend until the announcement provides direction.

For now, Bitcoin holds steady near critical levels, but price action shows hesitation as traders avoid aggressive positioning before clarity emerges. A smaller rate cut could reinforce the narrative of a gradual and healthy pivot, while a larger-than-expected move could trigger risk-off behavior across markets.

Adding to the cautious mood, top analyst Maartunn has highlighted concerns about onchain developments. According to his insights, whale holdings have dropped significantly in recent days, with large players reducing exposure ahead of the Fed’s decision. This decline signals that some institutional and high-net-worth investors may be adopting a defensive stance, preparing for potential turbulence.

Whale Holdings Signal Market Shift

Maartunn shared striking data revealing that total Bitcoin held by whales dropped from 3.628M BTC on August 22 to 3.52M BTC by September 8. This represents a decline of 108K BTC in just 17 days, a shift that cannot be overlooked in the context of Bitcoin’s current consolidation near $115K.

Such a reduction in whale holdings often reflects caution among the market’s largest players. Whales reducing exposure may signal profit-taking after Bitcoin’s recent surge, or preparation for volatility tied to macroeconomic uncertainty. With the Federal Reserve’s interest rate decision scheduled today, this positioning appears strategic. Large investors are historically sensitive to Fed outcomes, as rate adjustments directly influence risk appetite and liquidity conditions across financial markets.

If the Fed opts for a 25bps cut, it may provide a bullish backdrop, encouraging whales to reaccumulate on dips. Conversely, a deeper cut—or any unexpected tone in Powell’s remarks—could spark turbulence, validating whales’ defensive behavior.

Looking ahead, the coming weeks may prove decisive. Should whales resume accumulation, it would confirm confidence in Bitcoin’s longer-term trajectory. But if the outflow trend continues, the market could face deeper corrections before its next leg higher.

Bitcoin Testing Resistance At $120K

The 3-day Bitcoin chart highlights a period of consolidation just below the $120K–$123K resistance zone, with BTC currently trading at $116,493. After the strong rally from March lows, the price established a series of higher lows, showing sustained bullish structure. The moving averages provide additional confirmation: the 50-day SMA is trending well above the 100-day and 200-day SMAs, reflecting strong medium-term momentum.

Despite this positive structure, the $120K level remains the decisive barrier. Each time Bitcoin approaches this region, selling pressure emerges, creating short-term rejections. However, buyers are defending above $114K, preventing deeper corrections and keeping the trend intact. This suggests accumulation ahead of a possible breakout.

If Bitcoin can close above $123K, the next upside target lies near $130K–$135K, levels that could trigger another wave of institutional inflows. On the downside, a break below $110K would weaken the structure, potentially dragging price toward the $102K–$105K support range aligned with the 200-day SMA.

Featured image from Dall-E, chart from TradingView