Tuesday, September 9, 2025

Crypto

Coinbase has listed two new tokens, SPX6900 and Flock, sending shockwaves through the digital asset market. The listings have sparked dramatic price gains, with SPX6900 surging 14% and Flock jumping 37%. This reignites the "Coinbase Effect," where tokens experience short-term surges averaging nearly 90% in their first week, highlighting volatility and caution for investors.

Bitcoin is trading near $112,600, with Tom Lee predicting it could nearly double to $200,000 by year-end due to a strong link between monetary policy shifts and cryptocurrency performance. Lee attributes this forecast to upcoming Federal Reserve decisions supporting business confidence and easing mortgage rates, aligning with historical crypto fourth-quarter performance trends.

Adopting a pre-flight checklist for significant Bitcoin transactions can eliminate uncertainty and replace fear with confidence, allowing individuals to perform complex financial actions with ease. Inspired by airline pilots' discipline, this approach mitigates risk and anxiety, enabling confidence in navigating cryptocurrency complexities through routine procedures and systematic decision-making.

Ethereum has surpassed Bitcoin in weekly centralized exchange spot trading volume for the first time in seven years, with nearly $480 billion in August 2025 compared to Bitcoin's $401 billion. Institutional demand and corporate treasury strategies drive this shift, as Ethereum gains traction in decentralized finance and smart contract applications.

HashKey Group's $500 million Digital Asset Treasury fund offers a safe and structured way for institutional investors to invest in Bitcoin and Ethereum, bridging the gap between old finance and new ideas. This move marks a significant step forward for the crypto industry, providing regulated structure and expert guidance to alleviate investor concerns.

Ethereum's core developers gathered for the ACDC call #164 to discuss the Fusaka upgrade's progress and next steps. The discussion focused on bug fixes, syncing issues, and preparations for Devnet-5. The Fusaka upgrade is being tested on Devnet-3, with client teams working to resolve a shared bug list and ensure readiness for scaling up to Devnet-5.

A senior adviser to President Vladimir Putin has accused the US of using a digital dollar stablecoin under the GENIUS Act to erase its $37 trillion national debt. Critics argue that the bill's provision allows private American companies to quietly restructure US sovereign debt on a massive scale, potentially reshaping the global financial system.

Kazakhstan's President Kassym-Jomart Tokayev has ordered the creation of a national cryptocurrency reserve and digital assets ecosystem to liberalize the country's crypto market. He aims to invest $1 billion in high-tech industries and establish a State Fund of Digital Assets, promoting fintech and loosening regulations on government and central bank spending on high-tech initiatives.

CoinShares, Europe's largest digital asset manager, is set to go public through a $1.2 billion merger with Vine Hill Capital Investment Corp on Nasdaq. The deal will shift CoinShares' listing from Stockholm to New York, gaining access to US capital markets and investors. CEO Jean-Marie Mognetti sees the move as a turning point for digital assets.

Forward Industries has announced a $1.65 billion private placement to establish a Solana-focused digital asset treasury. The new treasury will be actively managed by Galaxy Digital and others, with assets deployed across staking, lending, and trading to generate on-chain returns, signaling growing institutional interest in the blockchain network's recovery and expansion.

The Trump family's net worth has surged to $7.7 billion thanks to two new crypto ventures: World Liberty Financial and American Bitcoin. WLFI now holds over 24 billion tokens, with the Trumps owning approximately 22.5 billion, significantly boosting their wealth beyond iconic properties like Trump Tower and Mar-a-Lago, outpacing past valuations.

The Ethereum testnet network Holešky is reaching its end-of-life date and will be shut down after the Fusaka upgrade is finalized, with validator nodes to be taken offline two weeks later. Replaced by Hoodi in March 2025, this new testnet provides a fresh environment for validators to test upcoming upgrades.

A serious security breach has affected both everyday online services and the cryptocurrency world through npm's app store, where attackers gained control of a trusted developer's account and released altered versions of popular code into circulation. The incident highlights the fragility of software supply chains and their far-reaching consequences for businesses.

Hackers are exploiting Ethereum smart contracts to hide malware in packages downloaded from online platforms like NPM and GitHub. By disguising malicious activities as legitimate crypto transactions, they evade detection by security tools. The tactics have been identified on other cryptocurrency chains, highlighting the evolving nature of cyber threats in the crypto world.