Tokenized private credit and other tokenized alternative funds continue to grow as the legacy financial system migrates onchain.
Bitcoin (BTC) and cryptocurrency exchange Gemini (GEMI), founded by twins Tyler and Cameron Winklevoss, experienced a major debut on the Nasdaq, soaring nearly 40% following the company’s initial public offering (IPO), which raised $425 million. Gemini Success On Nasdaq Debut Based in New York, Gemini priced its IPO late Thursday above the anticipated range of $24 to $26, reflecting strong investor interest. This valuation positioned the company at approximately $3.3 billion before trading commenced. Related Reading: Ethereum (ETH) On The Brink Of A Major Supply Crisis: What It Means For Investors Despite the successful debut, Gemini has faced financial challenges. According to its registration with the Securities and Exchange Commission (SEC), the company reported a net loss of $159 million in 2024 and a loss of $283 million in the first half of this year. The Winklevoss brothers, who are recognized as early Bitcoin investors and the first Bitcoin billionaires, have consistently advocated for Bitcoin as a superior store of value compared to gold. In a recent interview on CNBC’s Squawk Box, they expressed their belief that the price of the market’s leading cryptocurrency could reach $1 million within the next decade, saying it could easily increase tenfold from its current price. GEMI Stock Peaks At $40 The Winklevoss twins’ exchange debut on the Nasdaq follows those of Circle (CRCL), the issuer of the second-largest stablecoin by trading volume (USDC), and Bullish (BLSH), the Peter Thiel–backed exchange, which were among the first crypto firms to go public this year. Related Reading: XRP Price Gets Tighter: Here’s The Level Keeping It From Price Discovery According to Arkham data issued after the initial public offering debut today, the brothers’ long-dated commitment to Bitcoin and broader crypto market has led them to amass over $2 billion in crypto assets, mostly consisting of BTC. The newly traded GEMI stock opened at $37.01 on Friday, significantly exceeding the IPO pricing of $28, and at one point reached a high of $45.74 during trading. Since, the stock has retraced toward its current valuation of $34. Featured image from DALL-E, chart from TradingView.com
Tether has unveiled USAT, a new stablecoin product for the US market, according to a Sept. 12 statement. Alongside the announcement, the company confirmed that Bo Hines will become the CEO-designate for the USAT stablecoin. Hines described his appointment as an opportunity to reinforce America’s influence in global finance by launching a stablecoin rooted in […]
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Polymarket prepares US return with CFTC relief, new funding and a valuation that could soar to $10B as prediction markets gain momentum.
The successful IPO debut echoes similar success had by crypto firms Circle and Figure. Grayscale and Kraken also plan to go public.
Solid inflows into spot Bitcoin ETFs signal sustained demand from the bulls, increasing the likelihood of a break above the $117,500 resistance. Will altcoins follow?
EgoPlay closed beta launch for gamified smart glasses tasks lets users earn Vader Points by completing daily activities with wearable tech.
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Since announcing its pivot to become a TON treasury company, its share price has fallen over 21% as enthusiasm for crypto treasury companies wanes.
Gemini’s $425 million Nasdaq debut marks the latest in a wave of blockbuster crypto IPOs, as investor demand surges for digital asset equities.
XRP is set to welcome its first-ever spot exchange-traded fund (ETF) in the United States. The product, managed by Rex Shares and Osprey Funds, is called the Rex-Osprey Spot XRP ETF. According to experts, trading will officially begin on September 18, 2025, after a short delay from the original September 12 launch date. The U.S. …
XRP is now back trading above $3 and is holding well above the price level. This is on the back of days of consolidating around $2.8. Although price action in the past 24 hours has seen XRP trading back above $3, it is yet to confirm a close to solidify the zone. Against this backdrop, technical analysis of the XRP 4-hour candlestick timeframe chart shows a critical level that could determine whether XRP finally breaks free into price discovery. Resistance Keeping XRP From Price Discovery Although the XRP price is currently inching slowly upwards, technical analysis shows it is yet to break above a technical resistance keeping it from price recovery. According to a technical analysis of the XRP 4-hour candlestick timeframe chart that was posted on the social media platform X by CoinsKid, XRP’s movement in August was capped by a resistance line at $3.3774. This resistance is represented with the white trendline in the price chart below. Related Reading: XRP Price Confirms Descending Trendline Breakout, Here Are The Targets The importance of this line goes beyond short-term price action. As it stands, this resistance barrier has effectively become the gatekeeper between XRP’s current price action and the possibility of a major breakout for price discovery into new all-time highs. According to the analyst, clearing this line would mark the point at which XRP could enter price discovery, a stage where there are no previous highs to serve as reference points. Until that happens, XRP is expected to continue oscillating within its established range, with $2.7346 acting as the lower white support line on the chart. Possible Shakeout Before The Break Although XRP has managed to hold above notable price points around $2.8 during its most recent corrections, there’s always the possibility of a strong downside move. CoinsKid also noted that a final shakeout could take place before any bullish breakout occurs. Related Reading: Is The US Planning To Use XRP To Clear Trillion-Dollar Debt? New Developments Shock Community This shakeout could see the sellers gain temporary momentum and cause the XRP price to break below $2.8 and crash to lower price levels. In this case, the analyst pointed to the orange support trendline at $2.3375 as a possible level that XRP might retest in such a shakeout. CoinsKid linked this possibility to September, earning the reputation of being rektember during bull cycles. However, this September might be different, considering the current dynamics of the crypto market. At the time of writing, XRP is trading at $3.06, up by 1.8% in the past 24 hours. The analyst noted that XRP’s macro structure will be bullish as long as it holds above the green line at $1.9061. This long-term support has so far underpinned the rally that began in late June. XRP is already up by about 10% from its September open, but it could possibly perform better in the later part of the month. The probability of a Fed rate cut in September is now above 97%, and this could play into a bullish run for XRP and many other large market-cap cryptocurrencies. Featured image from Adobe Stock, chart from Tradingview.com
MYX Finance’s native token was the week’s largest gainer, with an over 1,100% gain. Worldcoin followed with over 90% gains.
Farcaster launches trading and price alerts on Base and Solana, enabling real-time notifications and monitoring for crypto trading activity.
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The Winklevoss-led crypto exchange had sold 15.2 million shares, raising $425 million.
Polymarket seeks a funding round to triple its valuation to $3B, driven by rising trading volumes and interest in prediction markets.
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
XRP is trading at $3.03 at the time of writing, holding steady after a week where it gained 8.12%. Its market cap stands at $181.16 billion, with daily trading volume reaching $5.29 billion, up nearly 10%. The question now is whether the token can keep support above the $3 mark in the days ahead. Fed …
SOL gained 6% to trade near $240 as the Galaxy Digital CEO explained why he is bullish on Solana and a top analyst projected a technical breakout pointing toward $1,314.
Increased stablecoin liquidity signals enhanced market efficiency and could drive further adoption and innovation in the crypto ecosystem.
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WisdomTree has unveiled a tokenized investment vehicle to bring private credit directly onto blockchain rails. The WisdomTree Private Credit and Alternative Income Digital Fund (CRDT) launched Sept. 12 on Ethereum and Stellar blockchains. It will be available to investors through the company’s Prime and Connect platforms. WisdomTree’s CRDT According to the statement, the fund’s performance […]
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Bitcoin is once again gaining momentum, now trading above the $115,000 level after a modest surge yesterday. The move comes as markets price in growing expectations of a US Federal Reserve interest rate cut at its upcoming meeting next week. Risk assets, including crypto, have responded positively to the prospect of looser monetary policy, though the broader backdrop remains volatile. For Bitcoin, the challenge now lies in sustaining higher levels as bulls attempt to push further. While the reclaim of $115K signals strength, the path ahead is clouded with uncertainty as investors weigh macroeconomic risks alongside on-chain developments. Related Reading: Bitcoin Holds 4% Above STH Cost Basis As Mature Bull Cycle Demands Discounts Adding perspective, top analyst Axel Adler shared data showing that Bitcoin’s 30-day momentum currently sits in the Impulse Cooling Zone. This indicator suggests that while short-term momentum has softened, the broader uptrend remains intact. Adler emphasizes that the trend is not broken, framing the current phase as a period of consolidation rather than a structural reversal. With volatility likely to remain elevated in the days leading up to the Fed’s decision, Bitcoin’s ability to hold above $115,000 could prove decisive. The combination of macro catalysts and onchain resilience may define the cryptocurrency’s next significant move. Bitcoin Market Drift: Momentum, Liquidity, and Demand According to Adler, Bitcoin’s current setup reflects a phase of sideways action rather than a structural breakdown. He notes that negative 30-day momentum, while the price holds in the upper range, typically signals step-by-step unloading. In other words, coins are changing hands gradually without triggering a full reversal in the trend. For a proper restart and renewed acceleration, Adler identifies a key marker: the 30-day momentum must not only return to positive territory but also ideally push above +10%. That would confirm a shift back into a strong impulse phase. Until then, Adler emphasizes that the market remains in drift mode, shaped by thin liquidity. With fewer participants actively trading, the price can still crawl upward, largely due to weak supply and localized buybacks. However, this kind of advance carries the risk of a rapid collapse, since any spike in selling pressure could quickly overwhelm shallow order books. Crucially, Adler stresses that real demand does not emerge at cycle highs. Instead, it forms during moments when Bitcoin trades at an obvious discount. Referencing his earlier work on Short-Term Holder (STH) Cost Basis versus Premium/Discount, he highlights that meaningful inflows only arrive when the market offers value. In a mature bull phase, where buyers are wary of chasing peaks, sustained rallies depend on these discounted entry points rather than speculative momentum alone. This perspective underscores the delicate balance in Bitcoin’s current landscape: still structurally strong, but highly sensitive to liquidity shocks. Related Reading: Dormant Bitcoin Waking Up: Over 600K BTC Moved Onchain In Weeks BTC Holds Strong Above Demand Bitcoin is currently trading around $115,142 after a strong recovery from the $110,000 zone earlier this month. The 12-hour chart shows BTC climbing steadily and now pressing against a key cluster of moving averages. The 100 SMA at $114,610 is being tested as resistance, while the 200 SMA at $112,267 has now flipped into support, strengthening the bullish case. The 50 SMA at $111,987 is also trending upward, suggesting a short-term momentum shift in favor of buyers. A successful close above $116,000 would mark a significant step forward for bulls, potentially opening the path to retest $118,000 and the critical resistance at $123,217. This level remains the major barrier before Bitcoin can attempt another push toward its all-time highs. Related Reading: Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H On the downside, immediate support rests near $114,000, followed by the $112,000 zone where the 200 SMA is positioned. Losing this level could weaken momentum and invite another round of selling pressure, with downside risks extending toward $110,000. The chart signals that Bitcoin has regained its footing after recent volatility. If bulls can hold above the moving averages and break through $116,000, the next leg higher may be underway, though resistance at $123K will be the true test. Featured image from Dall-E, chart from TradingView
Legal representatives for Coinbase filed a motion for a legal hearing and potential remedies after the SEC failed to comply with FOIA requests.
Solana futures open interest rose to $16.6 billion as Galaxy and Forward Industries joined the adoption party. Is SOL headed toward $300 next?
Polymarket has launched a new integration with Chainlink that upgrades how its prediction markets are priced and settled, according to a Sept. 12 statement shared with CryptoSlate. The rollout connects Chainlink’s oracle infrastructure to Polymarket’s platform on Polygon mainnet, giving traders access to faster, tamper-resistant data feeds and automated settlement tools. The system pairs Chainlink […]
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The token was designed to meet the U.S. stablecoin issuance standard, with Anchorage Digital and Cantor Fitzgerald supporting issuance and reserve management.
A coalition of UK trade groups has urged the government to include blockchain and digital assets in its planned “Tech Bridge” collaboration with the US.
The former White House crypto adviser, who joined Tether in August, will become CEO of its planned US-regulated, dollar-backed stablecoin project.
Bo Hines, who led t White House Crypto Council under President Donald Trump, has been named as CEO of Tether's newly created U.S. unit.
Tether's USAT launch could enhance its market influence, potentially reshaping US digital currency adoption and regulatory landscapes.
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After the latest breakout above the pivotal resistance around $220, the Solana price seems to be poised to keep up the bullish trend. Currently, the token is consolidating within a tight range, signalling a potential breakout as volatility compresses. The crypto is forming a symmetrical pattern near key resistance, with rising on-chain activity and strong …