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Crypto Trends

Ripple CLO Breaks Silence on Crypto ETFs, Hails Important Development

by admin September 19, 2025

Ripple Chief Legal Officer Stuart Alderoty has hailed an important development for crypto ETFs.

The Ripple CLO was reacting to a tweet by the National Cryptocurrency Association that the Securities and Exchange Commission (SEC) has approved new rules that make it easier for stock exchanges to list crypto ETFs.

Exchanges like the Nasdaq and NYSE can now follow one set of standards instead of filing each ETF separately, which implies that crypto may now be accessed through familiar investment tools.

Alderoty highlighted this as an important development. According to the Ripple CLO, new listing standards bring crypto ETFs further into mainstream markets, adding that regulatory clarity is not just good policy; it builds confidence for Americans.

This comes in wake of the launch of the first XRP spot ETF in the U.S., with the Grayscale Digital Large Cap Fund (GDLC) also receiving approval from the SEC.

Crypto ETFs launch

Yesterday, digital asset manager Rex Osprey announced that XRPR and DOJE, the first ETF offering exposure to spot XRP and Dogecoin in the U.S., have launched.

XRPR got off to a hot start, trading $37.7 million on day one, which edges out IVES for the biggest day-one volume of any 2025 launch, according to Bloomberg analyst Eric Balchunas. Rex XRP ETF reported $24 million in volume within 90 minutes, which is 5x more than any of the XRP futures ETFs saw on day one.

According to Balchunas, this increased demand might be a good sign for the onslaught of 33 Act ETFs coming soon.

In positive news, the SEC has approved generic listing standards that will clear way for spot crypto ETFs to launch under the ’33 Act, as long as they have futures on Coinbase, which currently includes about 12-15 coins.

Grayscale Digital Large Cap Fund (GDLC), a spot crypto basket that includes XRP, is scheduled to begin trading under the new ticker, Grayscale CoinDesk Crypto 5 ETF, with Balchunas adding that things are moving fast.

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September 19, 2025 0 comments

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Crypto Trends

Grvt Raises $19M to Bring Privacy and Scale to Onchain Finance

by admin September 19, 2025

Grvt (pronounced “gravity”), a decentralized exchange (DEX) focused on privacy in on-chain finance, has raised $19 million in Series A funding.

The round was co-led by ZKsync, its foundational technology partner, along with Further Ventures, EigenCloud (formerly EigenLayer) and 500 Global, the company announced via email on Thursday.

Built on the ZKsync Validium L2, Grvt uses zero-knowledge (ZK) proofs to ensure transactions inherit Ethereum-level security while keeping trade details private and settlement costs low. The company says this architecture addresses long-standing barriers to mainstream adoption of on-chain finance: privacy, scalability and accessibility.

ZK technology is a cryptographic method in which one party can demonstrate to another that a certain piece of information is true, without revealing anything about said information. This is an important facet of blockchain-based finance as it allows users to verify transactions and transfers without revealing anything about the sender, receiver, amount.

“Privacy is uncompromising for the future of on-chain trading and investing,” said co-founder and CEO Hong Yea, adding that Grvt aims to set the standard for how zero-knowledge cryptography powers financial markets.

The raise comes amid a resurgence in Ethereum activity, with August’s on-chain volume topping $320 billion, its highest since mid-2021. Backers see Grvt as a potential liquidity hub for a trillion-dollar on-chain finance market, with applications spanning cross-exchange vaults, cross-chain interoperability, real-world assets, and structured options, according to the announcement.

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September 19, 2025 0 comments

Crypto Trends

Rex-Osprey’s XRP ETF Beats IVES In Biggest 2025 ETF Launch

by admin September 19, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Rex-Osprey’s new XRP exchange-traded fund finished its debut session with $37.7 million in trading volume, edging out Wedbush’s Dan Ives AI fund (ticker: IVES) for the largest “natural” day-one dollar volume of any 2025 ETF launch, according to Bloomberg Intelligence’s Eric Balchunas. He added that the firm’s Dogecoin product (DOJE) closed at $17 million, a tally that would rank among the top five debuts this year out of roughly 710 launches.

“XRPR traded $37.7m on Day One, which edges out IVES for the biggest day one (natural) $ volume of any 2025 launch. $DOJE is no slouch at $17m, which would be Top 5 for year.. out of 710 launches. Good sign for the onslaught of 33 Act ETFs coming soon..,” Balchunas wrote via X.

The early order flow was striking. Within 90 minutes of the opening bell, the XRP fund had already crossed $24 million in turnover—“5x more than any of the XRP futures ETFs did on Day One,” Balchunas noted. “SEMI-SHOCK: Rex XRP ETF is already at $24m in volume.”

For Dogecoin, the first hour wasn’t less spectacular. “My over/under got destroyed in the first hour of trading as DOJE already posting nearly $6m in volume. That’s shockingly solid.. Most ETFs trade under $1m on Day One,” Balchunas noted via X.

Why The XRP And Dogecoin ETF Are Big Surprises

Both funds list on Cboe and trade under the tickers XRPR and DOJE (Dogecoin). They are not structured like the 1933 Act spot bitcoin and ether ETFs; instead, they launched under the Investment Company Act of 1940, a framework that carries “stricter limits” and a different exposure design.

Prior to both launches, Balchunas set the expectation bar quite because of that: “The fact that’s it 40 Act and not 33 Act (and is not big boy issuer) could diminish interest a bit relative to other crypto first evers. We’ll soon find out.”

Surpassing IVES matters because the Dan Ives Wedbush AI Revolution ETF has been one of 2025’s breakout thematic launches. While Balchunas used “natural” to describe the record—his term for organic first-day trading rather than seeded prints—his comparison underscores that XRPR’s debut bested a widely watched, high-velocity AI fund. Public materials describe IVES as a June 2025 launch tracking a Solactive AI index.

The robust openings land alongside a pivotal regulatory shift. On September 18, the SEC approved generic listing standards across major US exchanges for spot commodity ETPs, streamlining the path for crypto products beyond bitcoin and ether. In tandem, the agency approved Grayscale’s Digital Large Cap Fund to list, tracking a CoinDesk index of five assets. The move is widely expected to catalyze a wave of additional crypto ETFs.

ETF strategist Nate Geraci flagged that an index-based, multi-asset spot crypto ETF was imminent: “Looks like first index-based spot crypto ETF launches tomorrow… Grayscale CoinDesk Crypto 5 ETF. Holds btc, eth, xrp, sol, & ada. IMO, index-based & actively managed spot crypto ETFs will be met w/ *significant* demand, esp from financial advisors. Will be *huge* category.”

At press time, XRP traded at $3.04.

XRP retests the 0.786 Fib, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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September 19, 2025 0 comments

Crypto Trends

Immutable Token Leads Gains Amid Broader Altcoin Rally

by admin September 19, 2025

In brief

IMX climbed nearly 17% Thursday and is up 50% over the past week, CoinGecko data shows.
Ubisoft and NetMarble collaborations highlight Immutable’s push to bring crypto rewards into mainstream gaming.
SEC approval of broader ETF listing standards has added to the upbeat sentiment across altcoins.

Immutable (IMX) led gains among select altcoins on Thursday, buoyed by the Federal Reserve’s decision to slash its funds rate amid positive tailwinds for the gaming token.

The token tied to Australian crypto gaming and Web3 infrastructure firm of the same name is up nearly 17% on the day, CoinGecko data shows. It’s also up a further 50% over the past seven days.

It comes as a relief for the token, currently ranked 90th among top cryptocurrencies, after dipping below the 100th spot earlier this year.

The gains for IMX also arrive amid a challenging backdrop for crypto gaming, where numerous token-driven projects have shut down this year amid funding shortfalls and unsustainable economies.

Industry experts Decrypt previously spoke to pointed to the pressure of launching tokens too early as a key reason behind the failures.

Looking beyond the difficulties faced in the sector, Robbie Ferguson, Immutable co-founder, remained upbeat in a Thursday tweet on the company’s developments this year.

Some of these key milestones include the distribution of 2.9 million IMX tokens in weekly rewards to users. That number has nearly tripled from its May 13 reveal of almost 1 million tokens.

To facilitate accessibility for its users, Immutable disclosed a partnership with Seychelles-based MEXC exchange on August 18, allowing direct transfer of tokens to Immutable’s zkEVM chain without the use of bridges or other swapping platforms.

In the same month, Immutable’s April tie-up with $1.3 billion gaming giant Ubisoft came to fruition. “This will make Immutable the first platform in the world where web2 studios can offer crypto rewards to their players,” the gaming company wrote in an August 12 tweet.

A partnership with South Korean Web2 gaming giant NetMarble in June, as well as a merger between ImmutableX and Immutable’s zkEVM chain in April, are other notable developments observed in the first half of 2025.

Avalanche, Pumpfun, and NEAR Protocol are also up double digits this week. While some altcoins rallied after the Fed’s quarter-point rate cut on Wednesday, Hyperliquid, Avalanche, and others received a boost related to protocol-specific developments.

The U.S. Securities and Exchange Commission’s approval of generic listing standards for commodity-based trust shares that include crypto exchange-traded products has also helped drive sentiment.

“This step from the SEC will likely see some of the altcoins that are eligible for ETFs get capital inflows as people get excited about ETF launches,” Lai Yuen, investment analyst at Fischer8 Capital, told Decrypt.

While the regulator’s rule change “unlocks buying from equity investors,” the analyst tempered expectations, adding that ETFs will “not make it magically more valuable.”

Still, Yuen said a market correction is unlikely, referring to the recent pullback noted in the S&P 500 index and gold overnight, and that crypto is likely in a consolidation phase, with expectations for further gains this year.

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September 19, 2025 0 comments

Coinbase CEO wants 50% of the platform written by AI

Crypto Trends

Coinbase launches onchain USDC lending with up to 10.8% APY

by admin September 19, 2025

Coinbase is deepening its decentralized finance push with the launch of onchain lending for USDC directly within its app.

Summary

Coinbase has unveiled onchain USDC lending with yields up to 10.8% APY.
Integration with Morpho on Base allocates funds across lending markets via smart contract wallets.
Rollout starts in select regions, expanding access to DeFi without leaving the Coinbase app.

Coinbase has rolled out an onchain lending feature for USDC, allowing users to earn yields as high as 10.8% directly through its app.

The integration, announced on Sept. 18, connects to the Morpho (MORPHO) lending protocol on Base, Coinbase’s Layer 2 network. When a user deposits USD Coin (USDC), Coinbase automatically generates a smart contract wallet that routes funds into Morpho vaults curated by Steakhouse Financial.

To maximize profits, these vaults distribute capital among lending markets. Interest starts to accrue immediately, and as long as there is liquidity, users can withdraw at any moment.

Expanding USDC utility

The rollout builds on Coinbase’s existing USDC Rewards program, which currently offers up to 4.5% APY for holding the stablecoin. By tapping into permissionless markets via Morpho, the new service provides yields more than double those rewards while keeping the familiar Coinbase interface.

The feature is initially available to users in the U.S. (excluding New York State), Bermuda, Hong Kong, the United Arab Emirates, New Zealand, the Philippines, Taiwan, and South Korea. Coinbase said broader access will follow in the coming weeks.

Morpho currently secures more than $8 billion in total value locked, highlighting demand for decentralized lending. Through this integration, Coinbase will serve as a gateway to these markets, enabling retail users to access on-chain yields without having to deal directly with complex DeFi protocols.

Building a USDC utility ecosystem on Coinbase

In 2025, Coinbase has gradually increased the range of USDC-linked services it offers. It launched USDC loans backed by Bitcoin in January, later increasing the limit to $1 million. The exchange has also expanded USDC integrations into derivatives, NFTs, and even AI-driven payments, creating what it describes as a “flywheel” effect for adoption.

USDC is still one of the most liquid and extensively used stablecoins, with over $73 billion in circulation. Coinbase’s onchain lending feature adds another use case, strengthening its bet that stablecoins will anchor mainstream adoption of crypto finance.

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September 19, 2025 0 comments

Crypto Trends

XRP and DOGE ETFs Smash Records with $54.7M Combined Day-One Volume

by admin September 19, 2025

Spot exchange-traded funds (ETFs) tied to the payments-focused XRP XRP$3,0389 and the top meme token, dogecoin DOGE$0.2752, debuted in the U.S. on Thursday with a bang, drawing significant trading volume.

The REX-Osprey XRP ETF, listed on the CBOE under the ticker XRPR, registered a trading volume of $37.7 million, marking the largest debut volume of any ETF launch this year, according to data shared by Bloomberg senior ETF analyst Eric Balchunas.

This first-day tally outpaced the previous record holder, Dan Ives’ Wedbush AI Revolution ETF (IVES), signaling strong investor appetite for alternative investment vehicles linked to coins beyond Bitcoin BTC$116 814,85 and Ether (ETH).

XRP’s market capitalization recently surpassed that of traditional banking giant Citigroup. Furthermore, Ripple, the company behind XRP, which facilitates cross-border transactions, has applied for a banking license in the U.S.

Traders also embraced the REX-Osprey Dogecoin ETF, ticker DOJE, which generated a first-day volume of $17 million. This placed DOJE among the top five ETF debuts of the year.

DOJE’s strong performance is notable given Dogecoin’s reputation as a non-serious meme token.

The successful launch of these two ETFs follows the SEC’s decision to approve a new, streamlined listing standard for crypto ETFs, reducing approval times to approximately 75 days from 240 days.

First-day net inflow figures are expected to be released later Friday.

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September 19, 2025 0 comments

Crypto Trends

Trump Weighs New CFTC Chair Picks As Quintenz Stalls

by admin September 19, 2025

The Trump administration is reportedly considering a slate of new candidates to lead the Commodity Futures Trading Commission, as Brian Quintenz’s confirmation has stalled.

New candidates being discussed include Michael Selig, chief counsel to the Securities and Exchange Commission’s crypto task force and a former asset management attorney, and Tyler Williams, Treasury counselor on digital asset policy, who previously worked at Galaxy Digital.

Cointelegraph contacted the CFTC for further details but did not receive an immediate response.

Brian Quintenz’s nomination hit a wall in July after Gemini co-founder Tyler Winklevoss asked Donald Trump to halt the process, expressing frustration at the Biden administration’s crackdown on his company.

“Seven years of lawfare trophy hunting. It’s outrageous what they did to us,” he said at the time. The White House then requested that the Senate pause the planned vote.

Earlier this month, Quintenz publicly suggested Trump “might have been misled” by the Winklevoss twins, posting screenshots of private messages on X.

Related: Crypto advocacy groups double down on Quintenz confirmation at CFTC amid pushback

Winklevoss twins flex their influence

The Wall Street Journal described the situation as the Winklevoss twins as “flexing their Washington influence” after backing Trump’s campaign with millions of dollars in donations.

The CFTC is understaffed, with only acting chair Caroline Pham remaining after multiple recent resignations. At the same time, the agency is expected to gain expanded oversight of crypto assets under pending legislation.

Meanwhile, the White House hasn’t officially moved away from Quintenz but is exploring alternatives as discussions about new candidates have intensified recently.

Brian Quintenz shares screenshots from his spat with the Winklevoss twins earlier this month. Source: Brian Quintenz.

Fostering crypto advancement

The CFTC has made several moves recently to favor the crypto industry in the United States, such as allowing offshore exchanges to serve US citizens under an initiative called “crypto sprint.”

In August, the Commission launched an initiative to enable the trading of “spot crypto asset contracts” on CFTC-registered futures exchanges.

A pro-crypto agency head will likely extend the advancement of crypto-friendly legislation in the US.

Magazine: XRP to retest highs? Bitcoin won’t go sideways for long: Hodler’s Digest

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September 19, 2025 0 comments

Crypto Trends

REX-Osprey’s XRP, DOGE ETFs See $54M Trading Volume on Debut

by admin September 19, 2025

Investors rushed into the first U.S. exchange-traded funds (ETFs) tied to Dogecoin and XRP, driving trading volumes far above Wall Street forecasts. The two funds, launched Thursday by REX Shares and Osprey Funds, together saw nearly $55 million in trades on their debut, a blockbuster start for altcoin ETFs.

The REX-Osprey XRP ETF (ticker: XRPR) led the charge, recording $37.7 million in trading volume, according to Bloomberg ETF analyst Eric Balchunas. He noted it was the “biggest day one” of any ETF launched in 2025 so far.

$XRPR traded $37.7m on Day One, which edges out $IVES for the biggest day one (natural) $ volume of any 2025 launch. $DOJE is no slouch at $17m, which would be Top 5 for year.. out of 710 launches. Good sign for the onslaught of 33 Act ETFs coming soon.. pic.twitter.com/JaQP9ekFIq

— Eric Balchunas (@EricBalchunas) September 18, 2025

Within just 90 minutes, XRPR had already clocked $24 million in trades, five times more than any XRP futures ETF had achieved on its first day. XRP itself is the world’s third-largest cryptocurrency, currently trading around $3.06, down 1.64% in the last 24 hours

Dogecoin ETF Also Surprises

Meanwhile, the REX-Osprey Dogecoin ETF (ticker: DOJE) also smashed expectations. Balchunas initially predicted $2.5 million in first-day volume, but DOJE closed Thursday with $17 million in trades, placing it among the top five ETF debuts of the year. Dogecoin, the largest memecoin by market cap, is priced at about $0.28, down 1.78% in the last 24 hours.

Setting the over/under on $DOJE volume on Day One at $2.5 million (which is respectable table but nothing too special). The fact that’s it 40 Act and not 33 Act (and is not big boy issuer) could diminish interest a bit relative to other crypto first evers. We’ll soon find out.

— Eric Balchunas (@EricBalchunas) September 18, 2025

Both funds are registered under the Investment Company Act of 1940 (40 Act), unlike Bitcoin and Ether ETFs launched under the 1933 Act. While the 40 Act has stricter rules, it allows faster approval. The ETFs do not hold crypto directly but gain exposure through offshore subsidiaries and foreign exchange-traded products.

Analysts say the strong debut signals growing appetite for crypto ETFs beyond Bitcoin and Ether. Balchunas called it a “good sign” for the wave of altcoin and staking-focused funds waiting for regulatory approval.

With the SEC recently approving new listing standards to speed up ETF launches, more crypto assets could soon join XRP and Dogecoin in the spotlight.

Also Read: REX-Osprey Solana Staking ETF Hits $250M as SOL Price Soars

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September 19, 2025 0 comments

Crypto Trends

Is Binance Cutting Deals with Team Trump? That’s What Senate Democrats Are Asking

by admin September 19, 2025

Binance, the largest global crypto exchange, is still under the constraints of a massive, $4.3 billion U.S. enforcement action, though Senator Elizabeth Warren and other Democrats are asking the Trump administration about reports that it’s easing off on those orders.

In 2023, the major digital assets platform agreed to settle with U.S. authorities for sanctions violations, insufficient money-laundering protections and operating without proper licensing, and its leader, Changpeng “CZ” Zhao, pleaded guilty to Bank Secrecy Act violations, stepping down from the company and serving a brief prison sentence. Warren and two other senators, Richard Blumenthal and Mazie Hirono questioned Attorney General Pam Bondi in a letter this week, asking about reports by outlets including Bloomberg News that the company has spoken to the U.S. about dropping its independent compliance monitor.

The senators also raised the continuing financial ties between the family of President Donald Trump and Binance, through their stake in World Liberty Financial.

“These reports make it more important than ever that the public understand the Trump administration’s interactions with, and relationship to, Binance and its employees,” they wrote, demanding “meaningful” answers to several questions about the U.S. Department of Justice’s interactions with Binance, including whether a pardon is being considered for CZ.

As the markets contemplated a potential return of CZ, the Binance-tied BNB token rocketed over $1,000 for the first time, leaping over SOL to become the fifth-largest cryptocurrency by market capitalization.

The prosecution of Binance in the U.S., where the independent Binance.US arm still operates, occurred under the previous administration, and the arrival of President Trump and his pro-crypto choices to be regulators and law enforcement officials has rapidly shifted the stance of the U.S. government. Many of the efforts of previous officials to address digital assets market risks and the dangers of their use in illicit finance and drug trafficking have been overtaken by the administration’s interest in financial innovation and establishing the U.S. as a global crypto hub.

In May, the Securities and Exchange Commission moved to drop its long-running lawsuit against Binance.

Read More: BNB Hits $1,000 All-Time High as Binance Nears DOJ Deal, Rumors of CZ’s Return Grow

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September 19, 2025 0 comments

Crypto Trends

AVAX Surges as Avalanche Powers Stablecoin Payments in Korea and Japan

by admin September 19, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Avalanche (AVAX) is steadily expanding its international presence and now operates in Asia, gaining momentum in both Korea and Japan with new stablecoin payment solutions.

The South Korean custodian BDACS recently launched KRW1, the country’s first Korean won–backed stablecoin, fully collateralized with deposits at Woori Bank. The stablecoin is in its pilot phase after a successful proof of concept, putting Avalanche at the forefront of Korea’s digital asset integration.

Similarly, in Japan, Avalanche is collaborating with industry giants such as SMBC, one of the nation’s largest banks, and retail groups like Densan to develop stablecoin-powered payment systems.

AVAX Network Activity and DeFi Boom

The expansion of stablecoin utilities coincides with a surge in network activity on Avalanche. In August alone, decentralized exchange (DEX) volume surpassed $12 billion, marking an eightfold increase in just two months.

Real-world asset (RWA) tokenization on Avalanche has also exceeded $450 million, with institutions like Grove Finance and SkyBridge driving adoption.

DeFi protocols such as UNI, Pharaoh, Benqi, and LFJ are thriving, pushing Avalanche’s total value locked (TVL) above $2 billion. UNI, for example, has posted a 97% gain in the past month, reflecting growing user activity and liquidity across the network.

AVAX’s price trends to the upside on the daily chart. Source: AVAXUSD on Tradingview

Avalanche Price Targets $42 as Institutional Interest Grows

Currently, AVAX is trading near $33, up over 9.4% in the past 24 hours. The token recently broke above a key pivot at $31.05, supported by bullish technical indicators including an RSI of 68.44 and a positive MACD histogram.

Analysts suggest that a decisive breakout above $34.50 could propel AVAX toward its next resistance at $42.

Institutional adoption is also on the horizon. With four AVAX ETF filings awaiting regulatory approval, inflows from traditional finance could act as a major catalyst for price growth.

Combined with Asia’s growing stablecoin market and Avalanche’s thriving DeFi ecosystem, AVAX aims to become a leading Layer-1 blockchain prepared to challenge rivals in the next crypto bull cycle.

Cover image from ChatGPT, AVAXUSD chart from Tradingview

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September 19, 2025 0 comments