Category: crypto

Binance founder Changpeng Zhao clarified his role as an advisor with a small stake in perpetual DEX Aster, denying being on the team. Despite competing with Binance, Aster benefits BNB. The ASTER token surged 7,000% since launch, sparking speculation on Zhao’s involvement, which he addressed to clarify the situation.

Galaxy Digital CEO Mike Novogratz believes that a dovish Federal Reserve chair appointed by Trump could drive Bitcoin to $200,000. However, he warns that this could harm America and threaten Fed independence. Markets are uncertain about Trump’s Fed chair choice and potential economic consequences of aggressive rate cuts for crypto benefits.

India’s Enforcement Directorate has charged businessman Raj Kundra with laundering 285 Bitcoins worth ₹150 crore ($31 million) received from Amit Bhardwaj’s GainBitcoin Ponzi scheme. Kundra allegedly concealed evidence, retained the cryptocurrency, and disguised funds through transactions with his wife, actor Shilpa Shetty. Recovery efforts are complicated by missing evidence.

Crypto startups raised almost $380 million in funding across 17 deals in the week of Sept. 21-27, with Fnality securing $136 million in a Series C and Zerohash raising $104 million in a Series D. Other strategic and early-stage funding rounds contributed to the total, despite caution in the market.

The NFT market has seen a solid 8.13% growth in sales volume to $129.1 million, marking three consecutive weeks of gains despite weakness in the crypto market. BNB Chain has surged to second place in blockchain rankings with nearly 200% growth. High-value sales include CryptoPunks and BOOGLE.

Ethena Labs has launched USDe and sUSDe on Plasma’s mainnet, with Aave markets opening with $1 billion capacity backed by Binance liquidity. The stablecoin supply has reached $14 billion, making it the third-largest stablecoin. The launch on Sept. 25 included over 100 integrations and multiple cross-chain expansions. Plasma aims to be a stablecoin-native Layer 1…

South Korean actress Hwang Jung-eum received a two-year prison sentence, suspended for four years, for embezzling $3 million from her own agency to invest in cryptocurrency. She repaid the full amount and admitted to the charges. This comes amid other crypto-related crimes in South Korea.

Hong Kong financial regulators caution investors against unapproved yuan-backed stablecoins, as no licenses have been issued for stablecoin issuers. The surge in interest in stablecoins under the Stablecoin Ordinance has led to many firms seeking licenses, with a Hong Kong-based firm launching a yuan-pegged stablecoin. Regulators warn of fraud risks.

Ethereum ETFs experienced significant outflows totaling $251 million on September 25th, with Fidelity’s FETH fund accounting for over 60% of the losses. This marks the fourth consecutive day of withdrawals and has contributed to a bearish sentiment, causing ETH price to drop below $4,000. Bitcoin ETFs have performed better in comparison.

Sui price is currently at $3.13, down 3.5% in 24 hours, approaching key support levels. Despite a recent drop of 18% in the past week, new partnerships with t’order, CUDIS Wellness, and Google AI suggest long-term strength. Trading volume is up, but caution is observed with open interest falling and futures volume rising.