Crypto

Total crypto market capitalization has reclaimed the psychological $4 trillion level, and altcoins are leading the way.

Chinese regulators are reportedly preparing to restrict mainland state-owned enterprises and banks from pursuing stablecoin and crypto initiatives in Hong Kong. Chinese internet giants, state-owned enterprises and financial institutions operating in Hong Kong may face restrictions on stablecoin and crypto activities. According to a Thursday report by local news outlet Caixin, mainland Chinese firms operating in Hong Kong may be forced to withdraw from cryptocurrency-related activities. The Hong Kong branches of several state-owned enterprises and Chinese banks are also expected not to participate in the race to obtain a Hong Kong stablecoin license. The news follows reports that HSBC and the Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, plan to apply for stablecoin licenses in Hong Kong. Hong Kong’s new stablecoin regulatory framework came into effect on Aug. 1 with a six-month transition period. Regulators said 77 institutions had expressed interest in applying. Re...

New BLS data shows 0.4% monthly inflation growth as investors tamper expectations for an aggressive interest rate easing next week.

Dollar stablecoins control crypto’s financial rails, but regulated euro, yen and yuan alternatives are emerging to challenge the USD’s onchain monopoly. Opinion by: Jamie Elkaleh, chief marketing officer at Bitget Wallet Stablecoins started as a workaround for crypto traders. By pegging tokens to the US dollar, they created liquidity in a market that never closed. In just a few years, however, they have outgrown that role. The result is an onchain financial layer where dollar-pegged coins set prices, collateral norms and risk appetite. The danger lies here: Without the growth of credible, well-regulated alternatives in the euro, yen and offshore yuan, the US dollar's dominance will be locked into crypto’s foundation for years.  Read more

The petition, made in July, reached more than half of the required signatures for a government response after Coinbase sent out a push notification to its users. A public petition calling on the United Kingdom to develop a pro-innovation strategy for blockchain and stablecoins has gained momentum following a push from crypto exchange Coinbase. The petition, hosted on the UK government’s website, calls for a comprehensive framework that includes stablecoin regulation, blockchain adoption and the appointment of a blockchain “czar.” Although launched in July, the initiative drew attention this week after Coinbase sent in-app messages encouraging users to sign. Screenshots shared by users on social media showed in-app messages from the exchange, rallying its users with phrases like “help UK lead stablecoin innovation now.” Read more

Andy Krainak was basically living at Gary Vaynerchuk’s apartment for the launch of VeeFriends, and says he never saw his boss more emotional. Its hard to ignore the impact Gary Vaynerchuk (aka Gary Vee) had on the NFT space in 2021-22. The founder and CEO of VaynerMedia and prolific content creator onboarded thousands of new people onchain with the launch of his project, VeeFriends.  For those outside of the Vaynerchuk ecosystem, VeeFriends was misunderstood when it launched and for many, still remains so today. It often sits outside the regular discourse on NFT Twitter and its extensive character base can make it seem complex to the causal NFT degen.  But despite this, four-plus years on, VeeFriends continues to expand its universe. While the brand and IP was born out of the blockchain, VeeFriends has crossed over into different worlds and niches most NFT collectors would not even be aware of. Read more

Andy Krainak was basically living at Gary Vaynerchuk’s apartment for the launch of VeeFriends, and says he never saw his boss more emotional. Its hard to ignore the impact Gary Vaynerchuk (aka Gary Vee) had on the NFT space in 2021-22. The founder and CEO of VaynerMedia and prolific content creator onboarded thousands of new people onchain with the launch of his project, VeeFriends.  For those outside of the Vaynerchuk ecosystem, VeeFriends was misunderstood when it launched and for many, still remains so today. It often sits outside the regular discourse on NFT Twitter and its extensive character base can make it seem complex to the causal NFT degen.  But despite this, four-plus years on, VeeFriends continues to expand its universe. While the brand and IP was born out of the blockchain, VeeFriends has crossed over into different worlds and niches most NFT collectors would not even be aware of. Read more

Bitcoin Cash (BCH) gained 3.8% and Hedera (HBAR) rose 2.7%, leading the index higher from Wednesday.

XRP trades in an ascending triangle above $2.97. Analysts see a breakout forming with the next target in line.

DigiFT, Chainlink and UBS won approval under Hong Kong’s Cyberport subsidiy scheme to build automated infrastructure for tokenized financial products.

Bitcoin’s inverse head-and-shoulders pattern signalled the continuation of the uptrend toward $360,000, driven by institutional demand via spot BTC ETFs. Key takeaways: A classic BTC price chart pattern puts $170,000-$360,000 in play this cycle. Spot Bitcoin ETFs post the biggest inflows in two months as institutional demand rebounds. Read more

The headline news is sending markets, bitcoin included, lower, but isn't likely to derail the Fed from trimming interest rates next week.

Market gains may accelerate if the CPI prints below estimates, strengthening the chance of a Federal Reserve rate cut.

The company's bid to join the S&P 500 index was rejected, despite meeting eligibility criteria, the report said.

Experts attributed Bitcoin’s rise and massive ETF influx to investor speculation ahead of key macroeconomic events.

Crypto price tracker CoinGecko shows that the Linea token traded at $0.024 at the time of writing, down 20% in the last 24 hours. Joseph Lubin, the founder of Consensys and a key figure behind the Linea blockchain, teased potential future rewards for users who hold on to their tokens.  In an X post on Thursday, Lubin said long-term holders could become eligible for future distributions, including tokens from Consensys and other aligned ecosystem projects. He said that holding tokens signals that the user is a Linea community member and is likely engaged in productive Linea economy activities.  “If we notice, at some date in the future, that you’ve held n LINEA tokens for m days, that just might lead to another token landing in your account,” Lubin wrote, adding that MetaMask and Linea are preparing something together.  Read more

This crypto cycle is all about flows, and now SOL has them in spades. Plus crypto majors rally after a soft PPI print as the CPI looms.

Which treasury strategy is gaining ground in 2025: Bitcoin as digital gold or Ether as a yield engine? In recent years, companies and countries have increasingly included cryptocurrencies in their treasury strategies. Traditionally, corporate treasuries relied on cash, gold or government bonds to maintain value, ensure liquidity and provide financial stability. Governments had gold reserves to back their currencies. However, cash loses purchasing power. Bonds carry rate and duration risk. Foreign exchange shocks hit balance sheets without warning. Ideally, you want a reserve that holds value, moves fast across borders and plugs into digital rails. That is why Bitcoin (BTC), Ether (ETH) and, in some cases, stablecoins now sit beside cash, gold and T-bills. Read more

Standard Chartered-backed Zodia Custody has exited its Japan venture with SBI Holdings after two years, with both firms calling the move a strategic realignment. Zodia Custody, the digital asset custody firm backed by Standard Chartered, has dissolved its joint venture with Japan’s SBI Holdings two years after launching the initiative. The venture, known as SBI Zodia Custody, was 51% owned by SBI and 49% by Zodia Custody. According to its website, the project aimed to replicate institutional-grade custodial services in the digital asset space. “This is a strategic alignment between SBI and ourselves as a mutual decision that we have other priorities and they have other priorities,” Julian Sawyer, CEO at Zodia Custody, reportedly told Bloomberg. Read more

Your day-ahead look for Sept. 11, 2025