SEC approves Grayscales Ethereum ETFs under NYSE Arcas new generic standards, opening the door for faster ETF approvals.
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The shift toward ETF-based exposure presents both opportunities and trade-offs for the Ethereum ecosystem.
FTX Recovery Trust sued Bitcoin mining company Genesis Digital Assets, seeking to recover $1.15 billion in allegedly fraudulent transfers made by the co-founder of the fallen exchange, Sam Bankman-Fried. As Bloomberg Law reported on Sept. 23, the trust filed the lawsuit on Sept. 22 in the US Bankruptcy Court for the District of Delaware. It […]
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In a new video titled “Why Aren’t Institutions Adopting XRP Massively?,” Jake Claver, founder and CEO of Digital Ascension Group, argues that the absence of headline-grabbing institutional flows into XRP has less to do with the asset’s technical fitness and more to do with regulatory, operational and coordination realities that govern how large financial entities deploy new market infrastructure. Claver frames the paradox succinctly: XRP’s performance characteristics are, in his view, tailor-made for modern payments, yet banks remain publicly cautious. “XRP could solve banks biggest problems… it’s faster, it’s cheaper, and it’s a lot more reliable than Swift,” he says, before posing the central question: “Why aren’t they adopting it yet?” His answer is not that institutions are uninterested, but that their playbook prizes legal certainty, timing and stealthy execution over visible, price-moving buys. Why Wall Street Hasn’t Gone All-In On XRP (Yet) A core pillar of his thesis is that institutions, when they do build positions, typically do so through execution algorithms and off-exchange channels designed to minimize market impact. “They’re using T-W and VWAP strategies,” he says, referring to time-weighted and volume-weighted average price execution. In practice, he adds, that means mandates along the lines of “‘I’ve got $100 million. I want to buy XRP… I’ll just average into the market over a month, two months, 6 months.’” The point, according to Claver, is to accumulate size “without causing those big price spikes,” often by relying on algorithmic execution, OTC desks or dark pools rather than simply sweeping public order books. Retail investors, he notes, rarely see this flow because it is engineered not to be seen. Related Reading: XRP Price Target Of $19.20 Within Six Months Still In Play, Says Analyst Regulation is the second pillar. Claver contends that global institutions cannot anchor a “trillion dollar payment infrastructure on uncertain legal foundations or tax foundations.” He points to the July 13, 2023 ruling in the SEC’s case against Ripple, saying Judge Analisa Torres “stated that XRP in and of itself is not a security,” and argues that the combination of court developments and a changing US regulatory posture has begun to thaw institutional reluctance. “We’re seeing the transition from apprehensions… to okay, maybe this stuff will actually work,” he says, while also cautioning that lingering case milestones and appellate formalities still matter for the largest issuers and product sponsors. Claver repeatedly emphasizes that institutions are relatively indifferent to the exact price level at which they obtain exposure if they are convinced of the strategic direction. “They’re perfectly happy to be buying XRP at $100, $1,000, or even $10,000 because they know that it’s going to be going higher,” he claims, drawing an analogy to Bitcoin, where “institutions didn’t start buying and aggregating Bitcoin till it was $30,000, $40,000, $50,000,” and noting that “MicroStrategy at $72,000 per Bitcoin is their average buy.” The contention, controversial as it may be, is that sophisticated buyers optimize for timing, liquidity and coordination, not for nailing the bottom tick. In the near term, he argues, episodic price spikes tied to headlines remain “speculative,” precisely because retail “doesn’t have the capital” or the “coordination to maintain the level of volume that would be needed for high prices.” Sustained re-rating, in his telling, requires institutional catalysts: regulatory green lights, product launches and real-world usage. “We need catalysts. We need real-world adoption and a crisis, I think a liquidity crisis, for them to actually pull this into vogue,” he says, describing a potential “supply shock” in XRP as the kind of event that could force rapid repricing. What To Watch In The Coming Months Claver also sketches a backdrop of what he characterizes as accelerating but largely “behind the scenes” integration work. He cites “almost 300 partnerships globally for Ripple,” references bank proofs-of-concept and pilots that have surfaced “over the years,” and points to CBDC and stablecoin experimentation involving jurisdictions such as Palau, Bhutan, Montenegro, Georgia and Colombia. He argues that this long tail of trials is consistent with how critical financial plumbing is typically upgraded: slowly, cautiously and only after extensive testing. “They’re not just going to do that on a whim,” he says. “They have to be very thorough.” On the product side, Claver highlight that many of the futures ETFs have already gotten through, and references a “listing… from the DTCC on the [spot] XRP ETF for Canary Capital,” which he characterizes as “normally the step right before the S-1s would be approved.” He frames late-2025 as a plausible window for approvals, adding, “we are seeing concrete institutional interest and accelerating the adoption of this asset,” though he acknowledges much of it is not yet apparent in headline price action. Related Reading: Next XRP ‘Monster Leg’ Will Start No Earlier Than 2026: Analyst Another throughline is the institutional decision-making cadence. Claver portrays the present as a “final preparation phase before full-bore adoption,” where regulatory clarity is “emerging,” technical infrastructure is “proven,” and “strategic partnerships are in place,” with the “remaining variable” being “coordinated activation across multiple institutions simultaneously.” He even suggests broader payment-system migrations—such as adoption of global messaging standards—create the preconditions for real-time settlement layers, a category where he situates XRP’s potential role. Retail Vs. Institutions Claver’s take on supply dynamics challenges a popular community narrative that retail holdings could meaningfully impede institutional entry. He argues that retail’s slice of circulating XRP is small in system terms: “they might hold, I don’t know, 2 billion, 3 billion XRP of the available supply… around, you know, 52 billion.” The implication, he says, is that institutions are unlikely to be “worried about retail competition,” because they can “acquire it later on through private markets or private sales” at higher prices if necessary. “There’s really enough supply for everybody here,” he maintains, adding that institutions “aren’t going to care if retail makes a bunch of money in this transition.” Throughout, Claver counsels retail viewers to recognize the structural nature of what he believes is taking shape. “You’re investing in infrastructure,” he says, framing digital assets like XRP as bearer instruments that let the public “own the infrastructure and the backend” of a prospective payments transition “before it’s actually deployed.” He concedes that this view runs counter to strands of crypto ideology—“decentralized, against the man, down with the banks”—but makes a pragmatic case: “I personally would rather just stack my pennies next to the institutions’ dollars and ride their coattails.” The video ends with a characteristic disclaimer—“None of this is financial advice”—alongside a reiteration of his conviction: “All my eggs are in this basket,” Claver says, arguing that institutional adoption of blockchain settlement rails represents “one of the largest infrastructure transitions in financial history.” In Claver’s telling, the question isn’t whether institutions will adopt technologies that solve for speed, cost and reliability, but when they will flip from preparation to activation—and how quickly the market will reprice once that coordination point arrives. At press time, XRP traded at $2.85. Featured image created with DALL.E, chart from TradingView.com
According to the lawsuit, Justin Sun’s crypto holdings included about 60 billion Tron, 17,000 Bitcoin, 224,000 Ether and 700 million Tether as of February.
“YZiLabs is not raising [an] external fund,” Zhao wrote, adding that “YZiLabs, since rebranding, has not sought a single external investor."
In an interview with Cointelegraph Bitwise CIO Matt Hougan outlines why Bitcoin could climb to over $1 million by 2035, pointing to Wall Street’s growing embrace of crypto.
YZi Labs is not raising money from investors, Binance co-founder Changpeng Zhao (CZ) says. In an X post on Tuesday, CZ has accused media outlet FT of a misleading article that YZi Labs, formally Binance Labs, is opening up for external investors. “YZiLabs is not raising external funds. There is no demo. WTF is a …
Y Combinator announced plans to fund Web3 startups through a new “Fintech 3.0” initiative created in collaboration with Base and Coinbase Ventures on Sept. 23. The accelerator targets companies building financial systems on blockchain infrastructure, citing regulatory clarity and infrastructure maturity as key factors enabling this sector’s growth. The announcement, released simultaneously by Y Combinator […]
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Robinhood's diversification into prediction markets signals a strategic shift, potentially reshaping financial services and user engagement.
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The Ethereum price is back in the spotlight as market analysts and ETH’s own founder, Vitalik Buterin, outline bold predictions for the asset. While experts forecast that Ethereum could surge to $33,000, Buterin draws parallels between the cryptocurrency’s future role in finance and Google’s dominance in search. As a result, the ETH founder has suggested that low-risk Decentralized Finance (DeFi) may become Ethereum’s breakthrough “Google Moment.” Ethereum Price Projected To Soar To $33,000 A recent chart analysis by prominent market expert Egrag Crypto paints an optimistic picture for Ethereum’s long-term price trajectory. Based on the analyst’s chart, ETH could potentially rise to $33,000 before the end of 2025. Related Reading: Bullish Continuation Setup Says Ethereum Price Is Headed For $6,500, Here’s When Egrag Crypto notes that ETH has a history of overshooting measured targets once it breaks out of major continuation patterns. This trend has been visible across previous market cycles, lending weight to his previous projection that the next ETH rally could be monumental. In Ethereum’s earlier cycles, key formations, such as the Bull Flag and the Rectangle Continuation Pattern, produced extraordinary gains that exceeded expectations. The Bull Flag pattern overshot its target by 145%, while the rectangle continuation exceeded projections by an even greater 181%. Now, ETH is forming what Egrag Crypto identifies as a Descending Broadening Wedge, a setup that typically signals bullish continuation once the breakout is confirmed. According to the expert, the measured move from this wedge suggests an initial price target of $12,300. However, when factoring in Ethereum’s historical tendency to overshoot by an average of 163%, he sees the cryptocurrency skyrocketing as high as $33,000. Low-Risk DeFi To Unlock ETH’s ‘Google Moment’ In a report published on September 21, Buterin describes what he sees as Ethereum’s upcoming Google moment. Just as Google secured long-term dominance by finding its core economic driver in search and ads, the crypto founder argues that Ethereum now has the opportunity to anchor its ecosystem with low-risk DeFi and unlock comparable growth. Related Reading: Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level Buterin also emphasized the growing importance of sustainable applications within the Ethereum ecosystem. Historically, ETH has struggled to balance two distinct categories of applications—those that generated significant revenue like NFTs and meme coins, and those that aligned with Ethereum’s broader vision, such as decentralized identity and privacy protocols. Buterin notes that the underlying issue was that revenue-generating applications often lacked long-term sustainability, while mission-driven projects lacked economic weight. He believes that low-risk DeFi could be the solution that bridges this gap. By enabling global, permissionless access to stable wealth-building mechanisms such as interest-bearing assets, bonds, and currencies, the crypto founder highlighted that Ethereum could achieve economic sustainability. He also expressed hope that Ethereum could potentially surpass Google’s legacy. Buterin mentioned that Google was often criticized for straying from its core mission and becoming an antisocial, profit-maximizing corporation. However, ETH is fundamentally different, with decentralization embedded deeply at both technical and social levels. Featured image from Getty Images, chart from Tradingview.com
The Liquidium Foundation has released a liquid staking framework for Rune-based tokens operating on Bitcoin’s layer-1 network. The protocol enables users to stake tokens while maintaining their native Bitcoin format, using Internet Computer’s chain fusion technology for wallet security. The framework initially supports staking of Liquidium’s LIQ tokens, which follow the Runes standard developed for […]
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FTX Trust lawsuit against Genesis Digital seeks to recover $1.15 billion in alleged fraudulent transfers amid FTX bankruptcy efforts.
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The raise included new participation from Morgan Stanley, Apollo-managed funds, SoFi, Jump Crypto and IMC.
Sterling's potential CFTC leadership could influence crypto regulation, impacting market dynamics and SEC-CFTC jurisdictional boundaries.
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
SEC Chair Paul Atkins said he will push an “innovation exemption” by year’s end to let crypto companies roll out products without outdated regulatory hurdles.
Glassnode warns that Bitcoin profit-taking behavior mirrors past bull market cycle peaks. Should investors expect more all-time highs?
The Bitcoin price is falling again this September, but SkyBridge CEO Anthony Scaramucci says there is no reason to call it a crash. He explained on a CNBC Squawk Box segment that the current weakness is part of a regular cycle that happens almost every year. According to the CEO, short-term fluctuations do not alter the broader picture for Bitcoin. For this reason, Scaramucci says he is keeping his bullish outlook and is not changing his prediction. Scaramucci Says Bitcoin Price September Weakness Is Seasonal Anthony Scaramucci says September has historically been a challenging month for Bitcoin and other cryptocurrency businesses. In his words, “September lows are typical.” He explained that some of the selling comes from people clearing taxes, while others are simply taking profits after substantial gains from the last few months. Because of this, he does not see the current weakness in the Bitcoin price as a warning sign. Related Reading: Grayscale Files For New Dogecoin ETF Amid Approval Expectations, Is The Next Price Surge Coming? Scaramucci noted that the Bitcoin price has slipped by about three to four percent, but he described this move as “typical volatility.” According to him, the swings of this size are normal in the crypto market and should not discourage investors. He also reminded people that Bitcoin has been around for approximately 15 years and that September has often been a month of price dips. According to him, this is evidence that what is happening now is merely a repetition of the past. Instead of worrying about the drop, Scaramucci wants investors to understand that this is a seasonal pattern and not the start of a collapse. SkyBridge CEO Maintains $150,000 Bitcoin Target For 2025 Even with the September weakness, Scaramucci says the global investment firm remains committed to its prediction that the digital asset could reach $150,000 by the end of 2025. The SkyBridge CEO remains confident in Bitcoin’s future, explaining that the cryptocurrency’s long-term trajectory continues to point toward significantly higher levels. He believes that strong buying typically occurs in the last two months of the year. Because of this, he thinks November and December will be good times for the market. Related Reading: XRP Fractal Suggests Price Could Rise Over 100% To $7 In November Scaramucci also observed that the appetite for Bitcoin remains strong. In his view, many people are simply waiting for the right time to make a purchase, and once the seasonal weakness is over, he expects buyers to return in large numbers. The SkyBridge CEO further explained that the current slowdown does not change the bigger trend. He called it only a short break after months of positive moves. Scaramucci’s message is that the September dips do not mean disaster. According to him, the long-term direction remains certain, and the Bitcoin price is still on track for significant gains as the year progresses. Featured image from DALL.E, chart from Tradingview.com
E*Trade will let clients trade Bitcoin, Ether and Solana in 2026, marking Morgan Stanley’s entry into crypto with Zerohash support.
Economic uncertainty may persist as the Federal Reserve's cautious approach to rate cuts could impact growth and inflation management strategies.
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The combined company will hold nearly 11,000 BTC once finalized, making it the 12th-biggest publicly-traded corporate bitcoin treasury.
Avantis will distribute 40M AVNT rewards to XP holders over five months in Season 3, supporting derivatives trading growth on Base.
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Raiku has raised $13.5 million across seed and pre-seed rounds from investors including Pantera Capital, Jump Crypto, and Lightspeed Faction.
The initiative calls on founders to build financial systems on blockchain rails as regulation, infrastructure and adoption align
President Donald Trump concluded his much-awaited speech at the United Nations to world leaders. The pro-Bitcoin and crypto president of the United States did not make a direct statement about the digital asset industry. However, his speech will have a positive long-term impact on the Bitcoin and crypto space. What Were the Key Pillars of …
Atkins has previously teased exempting certain crypto transactions from securities laws, and creating safe harbors for ICOs, airdrops, and network rewards.
The European Central Bank targets mid-2029 for a potential digital euro release, focusing on legislation, privacy, and currency innovation.
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Vitalik Buterin backs Coinbase's Base L2, saying it's "doing things right" despite critics who worry about centralization risks.
The $1.2 million BNB Chain hack exploited Seedifys $SFUND bridge, affecting over 64,000 users in a major DeFi breach.
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