Category: crypto

Michigan lawmakers are considering a proposal to allow the state to invest public funds in cryptocurrency. The bill, known as House Bill 4087, aims to create a “strategic crypto reserve” by allocating up to 10% of certain funds into digital assets. If passed, Michigan would become the fourth US state to adopt a crypto reserve.

Grayscale Investments has received SEC approval to list its Digital Large Cap Fund (GDLC) as an exchange-traded fund, allowing for trading to begin on Sept. 19. The fund holds a variety of cryptocurrencies and is seen as a turning point for mainstream crypto investment. Demand for crypto ETFs has been strong, with Bitcoin-focused funds managing…

Ethereum’s core developers have set a launch window for the Fusaka upgrade, aiming for mainnet activation on Dec. 3. The rollout will begin on test networks in stages, with Blob forks introduced to improve scalability. A security contest has also been launched to identify vulnerabilities in the upgrade before its full implementation.

The Securities and Exchange Commission approved generic listing standards for NYSE Arca, Nasdaq, and Cboe BZX to list spot crypto exchange-traded products without a product-specific 19b-4, reducing the time to market to 75 days. Exchanges are preparing new offerings beyond bitcoin and ether, with XRP, Solana, and Dogecoin expected to launch soon.

The newly launched Rex-Osprey XRP exchange-traded fund had a strong debut in 2025, with $37.7 million in trading volume on its launch day. The companion Dogecoin ETF also saw heavy interest. Despite this, XRP and DOGE prices faltered, indicating a disconnect between ETF enthusiasm and direct coin demand.

Bitcoin is at a critical level of $115,200 after the Federal Reserve rate cut. Glassnode reports that the market is poised for its next move, with BTC trading at $117,649.40. Derivatives markets show stabilization, with open interest between 378,000 and 384,000 BTC. Record options activity indicates volatility. Market structure reflects cautious optimism.

: The first U.S. exchange-traded fund tied to Dogecoin, the REX-Osprey Doge ETF, saw strong trading volume of nearly $6 million in its opening hour on Sept. 18. This successful debut reflects increasing investor demand for digital assets, with more crypto ETFs entering the market to cater to this growing interest.

NBA star Kevin Durant bought Bitcoin nearly a decade ago but lost access to his account. His agent, Rich Kleiman, says this has turned into a profitable investment as Bitcoin’s value has soared. Durant started buying Bitcoin in 2016 and his firm, Thirty Five Ventures, has a partnership with Coinbase to resolve the issue.

Bitcoin is currently in a two-speed market, with traders torn between taking profits and hesitating to make moves. This uncertainty has caused Bitcoin to be caught in between these conflicting behaviors, making it difficult to predict its future price movements.

The UK’s minority party Reform has rejected the Bank of England’s proposal to cap stablecoin holdings and introduce a central bank digital currency. They argue that these measures would harm Britain’s competitiveness in the global digital economy and advocate for privately issued stablecoins instead. They also oppose the creation of a digital pound, warning of…