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Etherex price gains 40% amid Linea rewards program launch
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Etherex price gains 40% amid Linea rewards program launch

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Etherex price surged after Linea launched a major rewards program designed to pump liquidity across its ecosystem.

Summary

  • Etherex price rose 41% to $0.585 after a new Linea rewards program launch.
  • Daily trading volume climbed 82% to $3.89M; TVL topped $200M.
  • Risks include October LINEA unlocks and yield dilution from rising TVL.

In the past day, Etherex has increased 41% to $0.5794, briefly reaching an all-time high of $0.585. The rally came after Linea’s new liquidity rewards program went live on Sep. 2, 2025.

Linea Ignition boosts Etherex

The initiative, called Linea Ignition, will run for two months and distribute 1 billion LINEA tokens to liquidity providers across leading decentralized finance protocols. Among them, Etherex, a MetaDEX built directly on Linea’s zkEVM Layer 2, has emerged as the biggest winner.

Developed in collaboration with Linea, ConsenSys, and Nile Exchange, Etherex functions as the network’s main liquidity hub. It powers major trading pools such as USDC/ETH, WBTC/ETH, and REX/ETH.

Market activity spiked in response. Etherex’s daily trading volume rose 82% to $3.89 million, while its market cap grew to $57.7 million with a fully diluted valuation of $206.8 million. The protocol now secures more than $200 million in total value locked, making it the largest on Linea.

The program’s design has been a key driver. Ignition has created a feedback loop by linking rewards to market volatility and layering REX bonuses. Increased liquidity lowers slippage, which attracts more trading volume and raises incentives for token holders.

Investor confidence and REX price risks

With ConsenSys-linked wallets consistently increasing their REX holdings, trust in the project’s alignment with Linea’s long-term goals has grown. Social media traders referred to Etherex as a “whale magnet,” pointing to its fee decay mechanism, x(3,3) token dynamics, and fair emissions model.

But there are still some risks. While rising TVL may gradually reduce yields for liquidity providers, selling pressure may be triggered by the planned Oct. 27 unlock of vested LINEA tokens.

For now, however, Etherex’s deep integration with Linea has solidified its role at the center of the chain’s DeFi activity. The project seems well-positioned to continue its momentum into the last quarter, with Ignition already underway and features like Native Yield integration in the works.



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Ray Dalio Reveals What Will Make Crypto Attractive Alternative Currency
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Ray Dalio Reveals What Will Make Crypto Attractive Alternative Currency

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Former Bridgewater Associates CEO Ray Dalio has opined that crypto now serves as an “alternative cryptocurrency” with limited supply. 

Dalio is convinced that crypto could become a more attractive option if the supply of the US dollar rises or there is a sizable decrease in demand for the greenback. 

Fiat will struggle to be an efficient “storeholds of wealth” relative to hard assets, Dalio predicts. 

The end of the big debt cycle?

According to Dalio, a long-term “big debt cycle” is finally coming to an end, and central banks will have to face difficult choices. 

If central bank intervention stops, interest rates will rise due to natural market forces, Dalio believes. While this will cool inflation, this will also lead to a possible wave of defaults since companies and individuals would find it more difficult to service debt. 

The alternative, according to Dalio, is to create even more money, which is known as quantitative easing (QE). This will, of course, further undermine confidence in the fiat currency. 

Dalio believes that there will be a vicious cycle, where central banks are forced to print more money to serve the existing debt. 



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Traders Caution of 12% Drop as Lack of Catalysts Marr Sentiment
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Traders Caution of 12% Drop as Lack of Catalysts Marr Sentiment

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Bitcoin’s (BTC) slide into September comes with an uncomfortable reminder for traders that history is not on their side.

The largest token by market capitalization has declined in nine of the last 14 September months, with an average monthly loss of around 12%.

This seasonality looms large again in 2025. Bitcoin opened the week near $110,000, its weakest level in nearly two months, and total crypto market capitalization has slipped to $3.74 trillion, reaching a three-week low.

BTC prices have been flat over the past 24 hours, with Solana’s SOL (SOL) leading gains at 4%, XRP XRP$2.8149 posting 1% and Cardano’s ADA (ADA) rising 1.5%.

Traders say the combination of macro uncertainty, fragile sentiment, and thinning volumes leaves little room for error heading into what has historically been the toughest month on the calendar.

The technicals don’t inspire much confidence either. Alex Kuptsikevich, chief market analyst at FxPro, noted that the broader capitalization chart “continues to record a series of lower lows, signaling a downward trend.”

He pointed to Bitcoin’s failure to hold $112,000 and warned of “further decline toward the $105,000 area,” a level that has long acted as support before the psychological $100,000 barrier.

The crypto fear index has slipped back toward 40, its lowest since April, suggesting nerves are rising before they’ve fully broken.

In 2017, bitcoin dropped nearly 8% in September despite the euphoric rally that carried it to $20,000 later that year. In 2019, the token lost almost 14% in September, foreshadowing months of sideways action.

Even in the latest cycle, September 2021 and 2022 both saw steep drawdowns, reminding traders that liquidity drains and macro jitters often coincide with the end of summer.

This year, those headwinds are visible in ETF flows. After steady accumulation through much of August, spot bitcoin ETFs in the U.S. recorded net outflows of $440 million last week.

Ether ETFs, which launched just last year, posted more than $1 billion in inflows, marking a rare bright spot but also a sign that capital may be rotating rather than growing overall.

Meanwhile, CryptoQuant data shows spot ETFs have now absorbed more than 1.3 million BTC, nearly 6% of total supply, putting them on par with the largest exchanges for market share.

The risk is that support levels break before macro relief arrives. Non-farm payrolls due Friday are expected to show just 45,000 new jobs, confirming a slowing U.S. labor market.

A soft print would strengthen the case for a September rate cut from the Fed, a catalyst that could flip sentiment back to risk-on. Until then, traders are paying up for downside hedges.

Options data shows the strongest demand for puts in weeks, with skew leaning firmly bearish, FxPro’s Kuptsikevich noted, calling for caution among intra-day traders.



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Bitcoin vs Ethereum
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Ethereum More Driven By Off-Chain Markets Than Bitcoin: Data

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

Glassnode data could imply Ethereum price dynamics are more influenced by derivatives and other off-chain markets compared to Bitcoin.

CBD Data Shows Divergence In Spot Activity For Bitcoin & Ethereum

In a new post on X, on-chain analytics firm Glassnode has talked about how the Cost Basis Distribution (CBD) has diverged between Bitcoin and Ethereum recently.

The CBD refers to an indicator that tells us about the amount of a given asset that addresses or investors on the network last purchased at each of the price levels visited by the cryptocurrency in its history.

This metric is useful because investors put special emphasis on their break-even level and tend to make some kind of move when a retest of it occurs. The more amount of the asset that the holders purchased at a particular level, the stronger is their reaction to a retest.

Now, first, here is a chart that shows the trend in the CBD for Bitcoin over the last few months:

Looks like BTC is currently retesting a major demand zone | Source: Glassnode on X

As displayed in the above graph, the Bitcoin CBD acquired a large “air gap” when Bitcoin saw its explosive rally back in July. This happened because BTC moved through price levels too fast for buying and selling to occur at them, so very few coins were able to receive a cost basis at them.

As BTC consolidated after the rally cooling off, levels started being filled up with supply. The same has followed during the latest phase of decline and now, the previous air gap has disappeared. This shows that demand for spot trading has maintained for the cryptocurrency.

While Bitcoin has seen this trend, the CBD has behaved differently for the second largest asset in the sector, Ethereum.

How the CBD has changed for ETH over the past few months | Source: Glassnode on X

From the chart, it’s apparent that Ethereum’s rallies have also created air gaps, but unlike Bitcoin, its phases of slowdown haven’t resulted in any levels filling up to a notable degree. “This suggests ETH price dynamics may be more influenced by off-chain markets such as derivatives,” notes Glassnode.

Historically, price action built on products like derivatives has often proven to be more volatile. Given that Ethereum is currently not observing any high levels of spot buying, it only remains to be seen what the fate of its bull run would be.

In some other news, Bitcoin has been trading near an important on-chain cost basis level after the recent price decline, as CryptoQuant author Maartunn has pointed out in an X post.

The trend in the Realized Price of the BTC short-term holders | Source: @JA_Maartun on X

The level in question is the average cost basis of the short-term holders, investors who purchased their Bitcoin within the past 155 days. In the past, losing the level often resulted in short-term shifts to bearish phases.

ETH Price

Ethereum has been on the way down recently with its price falling to $4,270 after a 6% weekly pullback.

The price of the coin appears to have gone down recently | Source: ETHUSDT on TradingView

Featured image from Dall-E, CryptoQuant.com, Glassnode.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitcoin Derivatives Traders Are Betting on Further Upside Despite September Risks

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In brief

  • Bitcoin has gained 3% in two days to about $110,000 as derivatives traders positioned ahead of U.S. jobs data.
  • Options markets show bullish bets for late September, but hedging signals caution on downside risk.
  • Implied volatility remains low, though some traders are preparing for potential declines.

Derivatives traders are expecting a slightly more optimistic outlook for Bitcoin in September despite macroeconomic uncertainty and seasonality odds, with experts indicating muted downside volatility.

In response, Bitcoin has bounced 3% over the last two days, showing a slight bullish skew and currently trades around $110,000, CoinGecko data shows.

The uptick, however, occurs amid flat cumulative volume deltas, with a noticeable increase in passive bids at a 10% order book depth, according to CoinGlass data. 

In other words, the slight price bump is not being driven by aggressive buying. Instead, the move coincides with more passive buying.



It comes as open interest on perpetuals has spiked 2.35% to $30 billion in the last two days, as traders begin to position ahead of this week’s employment figures.

The historical drag of September’s bearish seasonality, meanwhile, is forcing U.S. investors to reassess their positions ahead, as they look toward the end of the financial year on September 30.

The Bitcoin options market, meanwhile, tells a different story.

Sean Dawson, head of research at on-chain options platform Dervie, told Decrypt that options traders are making bullish bets for the September 26 expiry, evidenced by a build-up of open interest at the $120,000, $130,000, and $140,000 strikes.

“Since market makers are net long gamma,” an increase in Bitcoin’s price will most likely be dampened by hedge selling, Dawson said. Similarly, price drops will also be minimized as dealers would be forced to buy to hedge their positions. 

Bitcoin’s implied volatility over the next 30 days is holding near 30%, underscoring the recent stretch of subdued price moves.

Still, traders aren’t entirely calm. A key options gauge—the one-week 25 delta skew, which reflects demand for downside protection—jumped from 6.75 to 12 overnight.

The shift shows that while investors expect the market to remain contained, they are hedging against the risk of a sudden drop.

The immediate-term direction now hinges on Friday’s upcoming Non-farm Payrolls report. A bullish jobs report would most likely just limit the “red September” damage, according to Dawson, rather than spark a major rally. 

He adds that while a 25 basis-point rate cut by the Federal Reserve is priced in as highly likely, “failure to see a cut at the next FOMC will make September a lot more painful.”

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OPTO Miner integrates with XRP, ushering a new era of cloud mining
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OPTO Miner integrates with XRP, ushering a new era of cloud mining

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

OPTO Miner’s XRP cloud mining offers passive income amid market volatility.

Summary

  • OPTO Miner lets XRP holders earn passive income with smart contract cloud mining.
  • Users can deposit XRP and generate passive income even during volatile market swings.
  • Low entry, automated payouts, and daily dividends make OPTO Miner a crypto income tool.

XRP has experienced significant volatility following the Federal Reserve’s signals of potential interest rate cuts. OPTO Miner has launched a new cloud mining model to facilitate asset monetization, enabling all users to convert their holdings into daily cash flow.

The role of OPTO Miner cloud mining in the XRP ecosystem

Recently, XRP prices have experienced significant volatility, drawing considerable market attention. 

Meanwhile, the S&P 500 index rose 1.5%, and the Nasdaq 100 index gained 1.7%. The primary driver behind this rally was Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Symposium. 

He painted a somewhat complex economic outlook and hinted that interest rate cuts may be forthcoming in the near term. This signal spurred a rebound in the prices of highly volatile assets, including XRP.

OPTO Miner’s unique cloud mining model

Unlike traditional buy-and-hold strategies, OPTO Miner introduces a game-changing XRP cloud mining solution that empowers token holders to generate stable daily cash flow directly from their assets.

XRP has long been positioned as a bridge for cross-border payments. However, as the market evolves, investors increasingly favor putting crypto assets to work rather than merely waiting for price appreciation.

OPTO Miner addresses this demand with its XRP-powered cloud mining system:

Low Barrier to Entry: Simply deposit XRP to purchase cloud mining contracts;

Smart Settlement: The system, powered by smart contracts, automatically calculates and distributes mining profits to user accounts daily;

Stable Cash Flow: Regardless of market fluctuations, users receive daily mining dividends.

This means XRP holders can consistently earn passive income even during market volatility, enhancing asset utilization efficiency.

OPTO Miner cloud mining operation process

The operation process is simple and user-friendly, suitable for both beginners and experienced users:

1. Register an account: Open a free account and receive a $15 bonus upon registration.

2. Deposit XRP: Transfer tokens to a dedicated wallet address.

3. Select Mining Plan: Flexibly choose the mining plan that best suits a user’s needs.

4. Start Earning: Daily dividends are automatically distributed to the account. Users can freely withdraw or reinvest earnings.

Select mining contracts — flexible options include short-term, long-term, or high-yield plans.

Contract Type  Contract Price  Contract Term  Daily Income  Total Income

New User Experience Contract $100 2 $4 $100 + $8

Avalon Miner A1326-109T $500 6 $6.2 $500 + $37.2

iBeLink BM-K1+ $1,000 10 $12.5 $1,000 + $125

Golden Shell Mini Dog 2 $3,000 20 $42.00 $3,000 + $840

Antminer S17 Pro $5,000 26 $71.00 $5,000 + $1,846

Avalon A1466 $10,000 37 $159.00 $10,000 + $5,883

Click here for more contract details.

Green Mining: sustainability + high-performance returns

OPTO Miner integrates global green energy mining farms with high-performance cloud computing platforms, significantly reducing energy consumption while providing users with a more enduring and stable source of income. Its “green mining” model has garnered widespread attention within the industry.

Market response has been positive, with ecological value becoming apparent.

As XRP cloud mining gains traction, more investors are adopting XRP as a stable income tool. This expansion of practical use cases has provided strong support for XRP’s price appreciation.

A seasoned XRP investor remarked: “In the past, I simply held XRP waiting for appreciation. Now, through OPTO Miner, I receive daily returns. This model makes me more inclined to hold it long-term.”

Conclusion: XRP ecosystem enters a new phase

The recent surge in XRP is not only driven by policy expectations but also reflects the continuous refinement of its ecosystem. OPTO Miner’s unique cloud mining solution is propelling XRP’s transformation from a payment token to a cash flow asset.

For investors, this means that regardless of market fluctuations, the XRP in their holdings can generate consistent returns.

Join OPTO Miner’s cloud mining today and put XRP to work.

For more information, please visit the official website or contact the customer service team via: [email protected].

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Bitcoin (BTC): Be Ready to Lose $100,000, Ethereum (ETH): Bounce Hinges on $4,000, Shiba Inu (SHIB): Awaiting Explosion or Zero Again?
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Bitcoin (BTC): Be Ready to Lose $100,000, Ethereum (ETH): Bounce Hinges on $4,000, Shiba Inu (SHIB): Awaiting Explosion or Zero Again?

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Bitcoin, Ethereum and Shiba Inu are waiting for BTC to test critical support with the risk of losing $100,000, ETH is consolidating after its surge toward $4,000, and SHIB is coiling in a triangle pattern that could push volatility to new heights and price to the sky or a zero, if volume finally comes back. Prepare for decisive entries and exits as these setups reach their tipping points.

Bitcoin’s goodbye

Bitcoin is barely surviving, and the charts indicate that the $100,000 mark is in grave danger. BTC has been declining steadily since an unsuccessful attempt to recover highs above $120,000, losing an important moving average support in the process. The recovery from $108,000 to $110,000 has temporarily eased the situation, but there is still little momentum and a significant downward risk.

BTC/USDT Chart by TradingView

Technically speaking, Bitcoin remains below its 50-day moving average, indicating that the short-term bullish momentum has subsided. The market may break down into double-digit territory, and the 200-day EMA, which is currently at $104,000, is the last important line of defense.

Volume patterns highlight this setup’s vulnerability even more. Trading activity has declined in recent sessions, indicating that buyers are not acting decisively. With no obvious bullish divergence, the RSI is still muted and hovers close to oversold territory. This indicates that Bitcoin lacks the technical strength that typically supports a significant reversal.

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Additionally, the larger market environment isn’t offering much assistance. The dominance of Bitcoin is still under threat, despite the fact that some altcoins have proven resilient. This suggests that money is moving less into Bitcoin in particular. Deeper corrections are made more likely by macro uncertainty and decreased liquidity.

As support levels wane, be prepared to lose $100,000. In the absence of Bitcoin recovering $114,000 and maintaining momentum above it, the path of least resistance indicates a decline. A drop below six figures would be a psychological blow to market sentiment as well as a technical failure, with the potential to bring down the entire cryptocurrency market.

Ethereum cools off

Following its spectacular surge to $5,000, Ethereum has cooled off and is currently consolidating at $4,300. Ethereum may be preparing for a comeback, according to the charts, even though the pullback has made some traders cautious — that is, if it can maintain a crucial level: $4,000.

The 20-day EMA is serving as the short-term buffer as ETH tests its short-term supports at the moment. The 50-day EMA near $4,050, which has historically functioned as a dependable pivot during retracements in robust uptrends, is the more important line to keep an eye on.

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Compared to the buying craze in early August, volume has slowed, suggesting that the market is cooling. This does not necessarily mean that the market is bearish, because periods of lower volume frequently come before accumulation phases, which allows big buyers to get back in before the next leg higher.

Since the RSI is close to neutral, Ethereum has space to rise if buyers take back control. The critical $4,800-$5,000 resistance zone would be the next upside target if ETH holds $4,000 and buyers intervene at the 50 EMA. If that range were broken, it would be confirmed that the overall upward trend would continue.

Shiba’s volatility to surge

As the price action of Shiba Inu (SHIB) keeps compressing inside a symmetrical triangle pattern, the coin is about to enter a critical phase. SHIB, which is currently trading at $0.0000123, is getting close to the formation’s tip where volatility usually spikes and key moves take place. With this configuration, traders wonder if SHIB will soar higher or plummet to another zero.

Under strong resistance, SHIB has been consolidating for months, with the 200-day moving average at $0.0000140 serving as a ceiling. The token has not succeeded in making a breakthrough despite numerous attempts. The market is now building momentum for a breakout as the triangle gets smaller.

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The following are the options from here:

  • SHIB may initiate a wave of short covering and rekindle buying interest if it breaks above the triangle’s upper boundary. A breakout above the 200-day SMA would confirm a reversal and possibly pave the way for a larger rally. Other important upside targets are $0.0000130, $0.0000140 and $0.0000150.

  • Selling pressure is likely to increase if $0.0000120 is broken, with an immediate decline toward $0.0000110. SHIB could add another zero if that level is lost, pushing the token into even more bearish territory. The tightening triangle should cause traders to anticipate increased volatility, even in the absence of a clear breakout. Both bulls and bears may be trapped by abrupt intraday swings until a distinct direction becomes apparent.

  • The mid-40s RSI indicates that SHIB is neither overbought nor oversold, allowing for potential movement in either direction. The market is still waiting for a trigger, as evidenced by the muted trading volumes in the interim.

To summarize everything: BTC remains playable only if it reclaims $114,000 or bounces at $104,000, with an exit on a close below $100,000. ETH offers opportunity at $4,000-$4,050 or on a breakout above $4,800, with risk cut under $3,950 and profits capped near $5,000. SHIB’s entry sits above the $0.0000130-$0.0000140 resistance, while failure of $0.0000120 is the exit cue. Across all three, momentum and volume confirmation are crucial, as each chart is positioned for a strong directional move rather than sideways drift.



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Line chart showing an 8% decline in XLM price against USD on August 28-29 with high trading volume amid institutional selling pressure and partial recovery.
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Are Stablecoins (USDC, USDT) an ‘Engine of Global Dollar Demand’ or a 2008-Style ‘Liquidity Crunch’?

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Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

While traders fixated on Jerome Powell’s latest rate signals, the more consequential story may be playing out in stablecoins.

The sector has nearly doubled in a year to $280 billion, with most issuers holding short-term Treasuries as collateral. That ties crypto liquidity more directly to Federal Reserve policy than ever before, according to OKX Singapore CEO Gracie Lin.

(DeFiLlama)

“While markets are still digesting Powell’s latest comments on rates, a more consequential long-term shift is happening beyond the charts and headlines. It’s in the so-called ‘boring’ stablecoins that we’re seeing better long-term price signals,” Lin told CoinDesk in a note.

“The next step is unification – stablecoins have built the rails, now they need a unified market that delivers liquidity, efficiency and true utility for investors,” Lin continued.

Coinbase analysts project the market could swell to $1.2 trillion by 2028, forcing $5.3 billion of new Treasury purchases each week. The inflows may marginally lower yields, but the risk runs in reverse: redemption surges could trigger forced selling of bills, draining liquidity.

The debate continued in a recent episode of Goldman Sachs’ Exchanges podcast, where UC Berkeley’s Barry Eichengreen warned that stablecoins could replicate the money-market fund panic of 2008.

“When a dollar money market share fell to 97 cents in 2008, chaos broke out, contagion fears spread, and the government stepped in to guarantee funds,” he said.

Former U.S. Comptroller of the Currency Brian Brooks countered on the podcast that the new GENIUS Act, which requires one-to-one Treasury backing, mirrors the national banking reforms that ended America’s “wildcat banking” era.

“Supervision equals safety,” he said. “Every time a new token is issued, another dollar of Treasury securities has to be bought.”

This tug-of-war captures the macro dilemma.

Coinbase’s model shows stablecoins shaving basis points off Treasury yields, Brooks calls it a new engine of global dollar demand, and Eichengreen warns of a 2008-style liquidity crunch. Lin, meanwhile, argues the rails are already there — and the question is whether they unify into a market that steadies the system or fracture into instruments that amplify shocks.

Market Movements

BTC: BTC is currently trading above $111,300. CoinDesk market data shows that the world’s largest digital asset is trading within a tight intraday range, which suggests consolidating sentiment. Markets appear cautious amid macro uncertainty, with investors patiently waiting for further momentum or directional cues.

ETH: ETH is tading at $4,320, showing modest upside (+0.6%) intraday, hinting at renewed investor interest following recent gains. The broader crypto recovery, particularly in altcoins, seems to be bolstering demand.

Gold: Gold recently crossed $3,540 an ounce, putting it at a fresh all-time closing high. The rally is being driven by surging expectations for an upcoming Fed rate cut as well as heightened uncertainty over U.S. tariffs and political pressure on the Fed. Investors are flocking to gold as a safe‑haven asset amid these risks.

Nikkei 225: The Nikkei 225 remains steady within its current range, reflecting cautious optimism among investors. The rise follows a broader “ninja stealth rally” in Japanese equities, driven by strong foreign inflows, reforms, and shifting global capital trends toward Japan.

Elsewhere in Crypto

  • Jack Ma-Linked Yunfeng Financial to Build Ether Treasury Starting With $44M ETH Purchase (CoinDesk)
  • Jito executives explore the impact of the SEC’s liquid staking decision (The Block)
  • Ethereum Foundation to Unload Another 10K ETH Following SharpLink Deal (CoinDesk)



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Japan Post Bank To Give Digital Yen Access To $1.3T Deposits

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

Japan Post Bank is moving toward a blockchain-based yen currency for depositors, with a launch planned by the end of fiscal year 2026.

Japan Post Bank Taps Into Blockchain For Digital Yen

As reported by Reuters, Japan Post Bank is planning to launch a digital yen in the coming year. Japan Post Bank is a Tokyo-headquartered bank that originally started as a postal savings system back in 1875 and today manages around 190 trillion (nearly $1.3 trillion in US dollars) in deposits.

Historically fully owned by the Japanese government, the institution opened up to private shareholders in 2007, but still counts the Japanese state among its backers.

Now, it seems the bank wants to bring its massive depositor base into the blockchain era. The new currency, known as “DCJPY,” will be developed by DeCurret DCP, a Japanese digital currencies platform, and will be backed 1:1 by fiat yen.

The two companies plan to issue the digital yen by the end of fiscal year 2026. After its launch, the bank’s users will be able to convert their funds into DCJPY and participate in blockchain-based transactions.

While DCJPY will use blockchain technology, it will be different from a stablecoin. Stablecoins are cryptocurrencies pegged to a fiat currency that are typically available for trading on public exchanges and other platforms. Meanwhile, DCJPY will be a deposit-based token available within the financial system of Japan Post Bank.

The bank isn’t the first financial institution in the country to launch a blockchain product like this. Last year, GMO Aozora Net Bank also started a similar digital yen offering.

Speaking of stablecoins, these cryptocurrencies have been witnessing a legislative push in Asia lately, with Hong Kong releasing its stablecoin bill at the start of August and South Korea expected to launch its framework in October.

Japan introduced its stablecoin legislation back in 2022. So far, no yen-backed stablecoins have been approved, but according to a report, one could gain the green light from regulators as soon as October.

The fiat-tied digital assets have recently been observing some notable growth and exploring new all-time highs (ATHs), according to data from MacroMicro.

The trend in the stablecoin market cap over the last several years | Source: MacroMicro

From the chart, it’s visible that the stablecoin market cap saw a slump in 2022-23, but 2024 brought a reversal as growth returned in the space. The end of the year then witnessed acceleration in the metric, which has continued into 2025.

Today, the combined stablecoin market cap sits at about $282.6 billion, a fresh record.

Bitcoin Price

At the time of writing, Bitcoin is trading around $109,500, unchanged from one week ago.

Looks like the price of the coin has been moving sideways since its plunge | Source: BTCUSDT on TradingView

Featured image from Dall-E, MacroMicro.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitcoin Blockbuster? ‘Killing Satoshi’ Film to Star Casey Affleck, Pete Davidson

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In brief

  • A feature film called “Killing Satoshi” is being directed by Doug Liman (“The Bourne Identity”).
  • Set to release in 2026, the movie will star Casey Affleck and Pete Davidson.
  • The thriller will focus on the creation of Bitcoin and the identity of its mysterious creator.

Documentaries have so far failed to identify Bitcoin’s pseudonymous creator, Satoshi Nakamoto, convincingly.

Now, an upcoming feature film from notable Hollywood creatives aims to put a dramatic spin on the crypto’s creation and impact.

Hollywood is turning its lens towards crypto with “Killing Satoshi,” a conspiracy thriller that will explore the secret identity of Satoshi Nakamoto.

Director Doug Liman, known for “The Bourne Identity,” “Mr. & Mrs. Smith,” and “Swingers,” will helm the project starring Oscar winner Casey Affleck and Pete Davidson, according to a report from Variety.

The film’s screenplay, written by Nick Schenk—who previously collaborated with Clint Eastwood on “Gran Torino” and “The Mule”—traces what’s described as an elite cabal’s efforts to prevent the truth from surfacing.



“I love David and Goliath stories,” Liman told Variety. “‘Killing Satoshi’ follows unlikely antiheroes taking on the most powerful people on the planet in an epic battle that strikes at the core of what is money and who controls it.”

The film is being produced by Ryan Kavanaugh, the former Relativity Media CEO who financed films including “The Social Network” and “The Fighter” before his studio filed for bankruptcy in 2015.

Kavanaugh, who once planned to launch a token called Proxicoin to help fund film projects, is producing the film alongside Lawrence Grey and Shane Valdez.

“This is not just a movie about Bitcoin and its elusive and mysterious origins, but really about what it stands for,” Kavanaugh told Variety. “We look at this film much the same way as we did with ‘Social Network’ and its examination of Facebook.”

The film is set to begin production in October in London, with an expected 2026 release date.

Satoshi Nakamoto’s creation, which launched in 2009, birthed the nearly $4 trillion crypto industry, though the Bitcoin founder disappeared from the internet in 2011.

He’s potentially sitting on a massive trove of Bitcoin. Wallets connected to Satoshi hold about 1.1 million BTC, or approximately $122 billion, in today’s prices.

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