September 23, 2025

Crypto

Arthur Hayes, CEO of BitMEX, sold approximately 96,628 HYPE tokens for a $823,000 profit, realizing a 19% gain. This sale triggered a price drop of 7.6-8.3% and as much as 12% on certain exchanges. Analysts and retail investors debate the reasons behind Hayes' decision, contrasting with his earlier bullish predictions for the token's multi-year growth potential.

Bitcoin's price has fallen below $111,500 due to $280 million in leverage long position liquidations, causing a significant downturn. Traders are targeting downside liquidity as they await a potential rebound or continuation of the decline. The next major support level is estimated around $107,000, which could indicate whether the downtrend ends or continues further.

Solana's treasury reserves have grown rapidly due to large institutions' buying pressure, now holding over 17 million SOL valued at $4.1 billion. Forward Industries holds the largest allocation of 6.8 million SOL, while Helius HSDT has announced plans to own the reserve after a $500 million private placement, signaling institutional trust in Solana's growth prospects.

Bitcoin's price has plummeted to $112,000, sparking concerns of "cycle exhaustion". This decline led to substantial liquidations of late long positions, suggesting waning bullish conviction among investors. Onchain metrics indicate a fading sense of optimism, pointing to a potential shift away from the current bull market trend, and potentially marking a turning point for the cryptocurrency.

The U.S. and U.K. have established a joint Transatlantic Taskforce to enhance crypto and capital markets cooperation. The task force aims to develop approaches to digital asset oversight and explore new opportunities in wholesale digital markets. It will bring together financial regulatory officials from both countries to address the growing importance of digital assets within 180 days.

Tether's business model is a stark contradiction to cryptocurrency's decentralized and equitable ideals, instead replicating traditional banking habits. Operating at a 99% profit margin, Tether captures virtually all upside while users assume all risk, making it "Wall Street 2.0." This parasitic model threatens the crypto ethos, with alternatives like MakerDAO's DAI struggling to compete.

A US cancer patient lost $32,000 worth of cryptocurrency after being tricked into downloading a malware-ridden game on Steam that promised financial compensation. An Argentine immigrant scammer was identified and reported to ICE by open-source intelligence sleuths. The community rallied around the victim, raising over $14,000 through a GoFundMe campaign.

Pi Network has maintained significant hype despite criticisms and controversies. Combining free mobile mining with referral rewards and social features, it has attracted millions of users worldwide. Despite delays, concerns over centralization, and a 90% price drop in its native cryptocurrency, the project remains popular, sparking questions about its enduring buzz.

Steam has removed free-to-play game BlockBlasters due to malware that drained cryptocurrency wallets of hundreds of players, including $32,000 from a streamer raising funds for cancer treatment. The malicious code was added on August 30th despite positive reviews, and was used in spearphishing campaigns to lure victims into promoting the game.

The concept of Bitcoin's "death" being zero valuation is explored by considering what it means for a system to lose value. Unlike centralized systems, decentralized assets like Bitcoin cannot be controlled or contained, making its potential loss impossible. This contrasts with traditional assets, which can lose value due to failures or regulatory actions.

The cryptocurrency market witnessed a sharp decline, with major altcoins like Ethereum and Ripple plummeting by 6% in one day, resulting in $1.7 billion worth of liquidations on leveraged markets. The drop triggered a domino effect, affecting over 400,000 traders and causing significant losses, particularly for Ethereum investors who lost around $200 million.

Crypto Royale reveals two distinct user groups: long-term "stayers" who form an active backbone of the community, and short-term "stray" enthusiasts who quickly leave. Inviting new players is challenging with low conversion rates, making social media exposure ineffective in boosting gameplay participation. A third group, "naturally occurring wallet holders," contribute financially without participating.

Strive has acquired Semler Scientific for $675 million, merging its Bitcoin treasury with the new entity. This deal adds 10,900 Bitcoins to Strive's existing holdings, solidifying it as one of the world's top corporate Bitcoin holders. The acquisition valued at $675 million significantly boosts Strive's significant Bitcoin holding portfolio.

mXRP is a yield-bearing representation of deposited XRP, where users deposit and receive mXRP with its value accreting from strategies run on pooled collateral. Midas, a European tokenization platform, structures the product, while Axelar provides cross-chain plumbing. This setup aims to bolster XRPL liquidity through advanced strategies and auto-compounding, fostering a positive feedback loop.

XRP's debut as an exchange-traded fund (ETF) sparked record trading volume, but triggered a "sell the news" response among institutional investors, leading to heavy selling pressure and $79 million liquidations. The downturn had a ripple effect on the broader crypto market, with XRP prices declining sharply near $2.80 amid accelerating altcoin selloffs and regulatory concerns.

Token Generation Events' popularity is being called into question as their success may be unsustainable. Initially promising a new era of growth, TGEs often end with disappointing outcomes such as early exits and dwindling ecosystems, casting doubt on their viability for blockchain technology's future. Long-term supporters face selling pressure that affects overall ecosystem health.

Popular cryptocurrency analyst Javon Marks predicts a third significant price surge for Dogecoin, potentially leading to a 730% gain and reaching $5.30 or $2.28. Three meme coins, Maxi Doge ($MAXI), PEPENODE ($PEPENODE), and Boba Cat ($BOBA), are highlighted due to their unique features that could contribute to growth, including presales and philanthropy efforts.

Grok's $2,000 BNB price prediction is based on technical analysis, highlighting a breakout from a pattern channel that has led to a 30% increase. This analysis also points to potential targets for low-cap coins like Snorter Token ($0.94 by 2025), SUBBD Token (20% reward), and CZ's Dog ($0.10 for a massive 200% gain).