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HBAR Retreats After Strong Run Amid Late Wave of Sell Pressure
NFT Gaming

HBAR Retreats After Strong Run Amid Late Wave of Sell Pressure

by admin September 16, 2025



HBAR saw sharp selling pressure in the final hour of trading on Sept. 16, erasing earlier gains. The token slipped from $0.237 to $0.235 between 13:15 and 14:14 UTC, a 1.05% decline, after hitting an intraday high of $0.2385. The move marked a reversal from the preceding 23-hour stretch, when HBAR had climbed steadily from $0.23 to $0.24.

The late-session selloff was accompanied by a spike in trading activity, particularly between 13:45 and 13:51 UTC, when volumes surged past 5.6 million — nearly double the baseline for the session. The pattern suggests institutional distribution, as the cryptocurrency broke through successive support levels at $0.237, $0.236, and ultimately $0.235. Failure to recover above these levels left momentum deteriorating into the close.

Despite the abrupt reversal, HBAR’s broader 23-hour performance reflected underlying resilience. The token advanced roughly 1% during that period, trading within a wide range of $0.231 to $0.239 and showing strong buying activity earlier on Sept. 16. However, the inability to sustain higher levels in the face of concentrated sell pressure underscores the fragility of recent bullish sentiment.

Technical Indicators Display Mixed Market Signals
  • HBAR navigated within a $0.01 range spanning $0.23 floor and $0.24 ceiling, delivering a 3% total fluctuation.
  • Key resistance materialized at the $0.24 threshold where price reversed on elevated volume of 72.03 million during the 13:00 hour.
  • Support established around $0.23-$0.23 zone with multiple successful defense attempts.
  • Volume intensified substantially throughout the decline, particularly during 13:45-13:51 when selling momentum accelerated with volumes surpassing 5.6 million.
  • The technical configuration indicates HBAR sustains bullish momentum with considerable institutional interest demonstrated by above-average volume during key reversal points.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.



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September 16, 2025 0 comments
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XRP Just Created New Death Cross, $3 Level to Watch Now
NFT Gaming

XRP Just Created New Death Cross, $3 Level to Watch Now

by admin September 16, 2025


XRP has created a new death cross following recent market selling pressure, albeit on the short-term chart, the hourly time frame.

A death cross, which occurs when the short term moving average — such as the 50 MA — falls below the long term MA, has recently appeared on the XRP hourly chart. This comes after XRP formed a golden cross on its four-hour chart, as reported by U.Today.

XRP/USD Hourly Chart, Courtesy: TradingView

XRP rose for six days from Sept. 6 to reach a high of $3.187 on Sept. 13. This bullish pressure caused XRP to create a golden cross (the reverse of death cross) on its four-hour chart; however, an interesting twist appeared with the market being overbought, and XRP began to decline.

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XRP fell for two days in a row, dropping from a high of $3.187 on Sept. 13 to a low of $2.95 on Sept. 15 before it slightly rebounded.

$3 level now important

Bears pulled XRP below $3 (the daily SMA 50) in yesterday and today’s sessions, thwarting bulls’ attempts to flip this level into short-term support.

As it stands, bulls continue to make efforts in this regard; the good news is that they have not given up ground as XRP has returned once again above $3 after dropping to an intraday low of $2.96.

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At press time, XRP was up 1.11% in the last 24 hours to $3.03, as the markets rebounded ahead of the Fed interest rate decision on Sept. 17.

Going forward, XRP will be watched to see if it can sustain above $3 and flip this level into support, which might reignite bullish momentum to target highs of $3.18, $3.38 and $3.66 ahead of $4.

In positive news, the REX-Osprey XRPR ETF is expected to launch this week.



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September 16, 2025 0 comments
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XRP ETF news
NFT Gaming

First US Spot XRP ETF Set To Debut This Week: All You Need To Know

by admin September 16, 2025


REX Shares says it will list the first US exchange-traded fund offering spot exposure to XRP this week, trading under the ticker XRPR. “The REX-Osprey XRP ETF is coming this week!” the issuer posted on X, adding that the product will be the first US ETF to deliver investors spot exposure, currently the third-largest cryptoasset by market value.

XRP Makes Wall Street History

Unlike the SEC-approved spot bitcoin and ether products—structured as ’33 Act commodity trusts—the REX-Osprey fund is being launched as a ’40 Act open-end ETF. That structure permits an ETF to operate as a registered investment company and can mix exposures, rather than holding only a single commodity in a trust format. The SEC itself emphasizes that spot bitcoin and ether “ETPs” are not ’40 Act ETFs, underscoring the distinct regulatory regimes at play here.

In its latest Form N-1A filing, the fund is presented alongside sister products and described as seeking results that correspond to the performance of the token. The principal strategy commits to investing at least 80% of net assets in XRP and/or other assets that provide exposure to the token, either directly or via a wholly-owned Cayman subsidiary.

The filing also caps investment in that subsidiary at 25% of total assets. Creation and redemption are available to authorized participants, with the fund reserving the right to settle redemptions in cash and noting a standard T+2 payout timeline, extendable to seven days under stress.

The prospectus further allows the ETF to invest in other investment companies (including ETFs) subject to Section 12(d)(1) limits and contemplates the use of derivatives as permitted under the ’40 Act—language that provides flexibility, but does not make derivatives the primary exposure.

Bloomberg’s James Seyffart, who tracks crypto ETPs, cautioned that the product is not “pure” spot, explaining “it will hold spot directly and other spot XRP ETFs from around the world to get its exposure.” He added: “The fund documents also have language that would allow derivatives usage for exposure if needed but that definitely isn’t the primary exposure method.”

ETF Store president Nate Geraci framed the launch as a regulatory maneuver enabled by the ’40 Act: “First ETF offering spot XRP exposure set to launch this week…REX-Osprey using clever regulatory end-around via ‘40 Act structure to bring this to market. Will be another good litmus test for ‘33 Act spot XRP ETF demand. Futures-based XRP ETFs already nearing $1bil in assets.”

Market Backdrop And Futures Momentum

The debut comes as derivatives set records. In late August, CME XRP futures surpassed $1 billion in open interest, the fastest pace for any new contract on the venue, and industry commentators now peg US futures-based ETFs as nearing $1 billion in assets—a relevant yardstick for gauging initial demand for spot exposure in an ETF wrapper.

A broader wave of ’33 Act spot proposals is also in the queue. Any eventual approvals of ’33 Act spot trusts would add a second, more direct structural path to US spot exposure, alongside the REX-Osprey ’40 Act route.

Notably, REX-Osprey previously introduced the Solana + Staking ETF (SSK) via a comparable framework—context for how the firm is threading the regulatory needle. Separately, the issuer has guided that a Dogecoin ETF (DOJE) is also on deck this week, highlighting how alternative structures are opening US markets to non-BTC/ETH assets.

At press time, XRP traded at $3.00.



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September 16, 2025 0 comments
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Ethereum Foundation dumps 10K ETH as price struggles at $4,300
NFT Gaming

Ethereum ETFs reclaim inflow streak as ETH price holds $4,500

by admin September 16, 2025



Ethereum-tracking ETFs are back in the green, drawing fresh inflows as investor attention returns amid the asset’s steady performance.

Summary

  • Ethereum ETFs recorded about $360 million in inflows on Sept. 16, led by BlackRock’s ETHA.
  • U.S.-listed ETH funds have now posted five straight days of inflows, totaling $1.1 billion.
  • Bitcoin ETFs remain ahead with nearly $2.6 billion in inflows over a six-day streak.
  • Ethereum price is consolidating near $4,500, up 3.4% on the week and 8% from this month’s low.

Ethereum ETFs recorded about $360 million in inflows on September 15, according to SoSoValue data. This was their second-strongest daily figure since turning positive earlier this month, extending their recovery streak.

BlackRock’s ETHA accounted for the bulk of inflows with $363 million, followed by Grayscale’s ETHE with $10 million. In contrast, Fidelity saw $13.5 million in outflows, offsetting part of the day’s total, while the remaining six issuers recorded no activity.

With the latest activity, U.S.-listed exchange-traded funds have now logged a five-day inflow streak, recovering from the negative performance seen at the start of the month. Over this period, the products have attracted roughly $1.1 billion, though they still trail their Bitcoin (BTC) counterparts, which drew nearly $2.6 billion over a stronger six-day streak.

The rebound highlights renewed institutional interest in Ethereum ETFs after a cooling period earlier this month that coincided with price weakness. With ETH (ETH) itself now displaying signs of strength, investors appear more confident in the asset’s long-term outlook.

Ethereum ETFs strong as price holds key support

ETH’s price is hovering around $4,509 at press time, posting a slight 0.02% decline in the past 24 hours, according to crypto.news data. The second-largest asset is up 3.4% on the week and nearly 8% from its low earlier this month near $4,180.

On the charts, Ethereum remains above its 50-day moving average, now around $4,275, which acts as a key support level. The daily RSI is sitting near 54, pointing to neutral momentum rather than overbought or oversold conditions.

Ethereum price chart as ETF post inflows | Source: crypto.news

This setup suggests ETH is consolidating after its early September peak close to $5,000. A firm hold above $4,300 would keep the bullish structure intact, with the next test likely coming at $4,800 to $5,000. However, a breakdown below the 50-day average could open the door to further weakness.

If the current momentum holds, Ethereum ETFs could continue to attract strong inflows, potentially boosting performance into the final quarter of the year. Much will depend on ETH holding support above $4,500 and on broader risk appetite in the crypto market.



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September 16, 2025 0 comments
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NFT Gaming

‘I Encourage You to Exit’: Bitcoin Treasury Nakamoto’s Shares Plunge 50% After CEO Letter

by admin September 16, 2025



In brief

  • Kindly MD shares crashed over 54% to $1.26 after the SEC approved trading of previously restricted shares from a $200 million fundraising deal.
  • CEO David Bailey encouraged short-term investors to exit, warning of volatility as the healthcare company transitions into a Bitcoin treasury operation.
  • The company’s market cap of $504 million now trades below the $663 million value of its 5,765 Bitcoin holdings, creating a discount opportunity.

David Bailey, CEO of newly formed Bitcoin treasury company Kindly MD, cautioned that the firm could be headed for volatility and said he would prefer naysayer investors leave now.

“For those shareholders who have come looking for a trade, I encourage you to exit,” he said in a shareholder letter Monday. “This transition may represent a point of uncertainty for investors, and we look forward to emerging on the other side with alignment and conviction amongst our backers.”

Bailey was referring to the company having submitted its S3 registration to the SEC on Friday, Sept. 12. The $200 million private investment in public equity offering,(PIPE) or PIPE, deal that the company used to raise funds offered shares to investors at a discount. Those investors were restricted from selling shares until the S3 was registered. TAnd now that it has been, those new shares are now freely tradeable on the open market.

Many investors who were feeling uneasy about Kindly MD, which trades on the Nasdaq under the NAKA ticker, have indeed headed for the exits. The company’s shares plummeted more than 54% to trade at $1.26.



This is the lowest the stock has been since February. And trading volume has reached above 89 million shares, which is the highest it’s been since an seemingly unexplained rally on February 12, when the company saw 219 million shares change hands before the closing bell, according to Yahoo Finance.

“Almost 80 million shares have traded today,” Bailey wrote on X. “Once again I’m humbled by the support and look forward to meeting all our new shareholders!”

In November 2024, the company closed below $1 more often than now, according to Yahoo Finance data. Nasdaq rules specify that if a company’s shares close below a dollar for 30 consecutive days, it will ’ll be issued a warning and given 180 days to remedy the situation. Things didn’t go that far for NAKA, but it’s happened to other treasury companies.

Kindly MD did not immediately respond to a request for comment from Decrypt.

Almost 80m shares have traded today. Once again I’m humbled by the support and look forward to meeting all our new shareholders!

Meeting with PIPE investors throughout the week as well. Most I’ve known for many years and I expect to ride with us for the long term. Cannot…

— David Bailey🇵🇷 $1.0mm/btc is the floor (@DavidFBailey) September 15, 2025

The publicly traded healthcare company completed its merger with Nakamoto Holdings, a Bitcoin-native holding company, a month ago. As part of the deal, Nakamoto Holdings became a wholly owned subsidiary of Kindly MD and is charged with operating the Bitcoin financial services line of business under the Nakamoto brand, according to a press release.

At the time of writing, the company’s current mNAV, has fallen to 0.75, according to Bitcoin Treasuries. The mNAV is the ratio between a company’s market cap and the value of the Bitcoin or other assets it holds. So that means its $504 million market capitalization is smaller than the value of its 5,765 Bitcoin, which is worth about $663 million at the current BTC price.

“We are more than just a healthcare company with a Bitcoin treasury,” Bailey wrote in his letter. “Our mission is to build the defining Bitcoin-native financial institution.”

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NFT Gaming

Are Stablecoins Really a Risk to Bank Deposits? Coinbase Policy Chief Says ‘No’

by admin September 16, 2025



Contrary to claims from the U.S. banking industry, stablecoins do not pose a risk to the financial system, according to the chief policy officer at crypto exchange Coinbase (COIN), Faryar Shirzad. Banks’ claims that they do are are myths crafted to defend their revenues, he wrote in a Tueday blog post.

“The central claim — that stablecoins will cause a mass outflow of bank deposits — simply doesn’t hold up,” Shirzad wrote. “Recent analysis shows no meaningful link between stablecoin adoption and deposit flight for community banks and there’s no reason to believe big banks would fare any worse.”

Larger lenders still hold trillions of dollars at the Federal Reserve and if deposits were really at risk, he argued, they would be competing harder for customer funds by offering higher interest rates rather than parking cash at the central bank

According to Shirzad, the real reason for banks’ opposition is the payments business. Stablecoins, digital tokens whose value is pegged to a real-life asset such as the dollar, offer faster and cheaper ways to move money, threatening an estimated $187 billion in annual swipe-fee revenue for traditional card networks and banks.

He compared the current pushback to earlier battles against ATMs and online banking, when incumbents warned of systemic dangers but, he said, were ultimately trying to protect entrenched profits.

Shirzad also dismissed reports predicting trillions in potential outflows from deposits into stablecoins, whose total market cap is around $290 billion, according to data from CoinGecko. He stressed that stablecoins are primarily used as payment tools — for trading digital assets or sending funds abroad — not as long-term savings products.

Someone purchasing stablecoins to settle with an overseas supplier, he argued, is opting for a more efficient transaction method the going through their bank, not pulling money from a savings account.

He urged banks to embrace the technology instead of resisting it, saying stablecoin rails could cut settlement times, lower correspondent banking costs and provide round-the-clock payments. Those institutions willing to adapt, he wrote, stand to benefit from the shift.

The U.K., too, faces concerns about the effect of stablecoins on the financial industry.

The Financial Times reported Monday that the Bank of England is considering setting limits on how many “systemic” stablecoins people and companies can hold — setting thresholds as low as 10,000 pounds ($13,600) for individuals and about 10 million pounds for businesses.

Officials define systemic stablecoins as those already widely used for U.K. payments or expected to become so, and say the caps are needed to prevent sudden deposit outflows that could weaken lending and financial stability.



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September 16, 2025 0 comments
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Shiba Inu on Verge of Losing $0.000013 Now: 0% Growth
NFT Gaming

Shiba Inu on Verge of Losing $0.000013 Now: 0% Growth

by admin September 16, 2025


  • Pricing and performance
  • What to anticipate?

With its price circling $0.000013, a crucial psychological and technical level, Shiba Inu has come to a standstill. Investors have been unsure of SHIB’s next significant move, as it has been consolidating within a symmetrical triangle for weeks. Since growth has now essentially stopped at 0%, the market is at a turning point that could decide whether SHIB rises or falls again.

Pricing and performance

The daily chart demonstrates SHIB’s repeated inability to maintain momentum above the 200-day EMA, which has served as a recurrent obstacle since the beginning of 2025. The token made another brief attempt to rise earlier this month, but it was rejected close to $0.000015. Since then, SHIB has retreated toward its clustered support levels, particularly the 100-day EMA ($0.0000127) and the 50-day EMA ($0.0000129). Since these supports are stacked close to $0.000013, SHIB would be vulnerable to more intense downward pressure if this area were to lose.

SHIB/USDT Chart by TradingView

With a reading of 51, the Relative Strength Index (RSI) indicates a neutral position with little to no buying or selling momentum. The sharp decline in volume, however, indicates that traders are holding off on taking on new positions until they have confirmation.

What to anticipate?

In the event that $0.000013 holds, a bounce here might keep SHIB inside its symmetrical triangle, enabling a subsequent attempt to break the resistance at $0.0000145 and ultimately $0.000016. Such a move would require sustained accumulation and larger crypto inflows.

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If $0.000013 breaks, SHIB would probably move toward $0.0000120 if it decisively fell below this level. Further declines could be possible at $0.0000100, a crucial psychological floor. A breakdown of this kind would render the current consolidation pattern invalid and shift sentiment in a bearish direction.

SHIB’s next few weeks will be crucial. Months of a sluggish recovery could be erased if the triangle formation resolves downward in the absence of fresh buying activity. In contrast, SHIB may resume its upward trend if bulls are able to protect $0.000013 and initiate a breakout above the long-term EMA resistance.

Right now, the tokens’ future depends on the shaky $0.000013 support. If it is lost, the comeback story could fall into yet another protracted decline.



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September 16, 2025 0 comments
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Solana
NFT Gaming

Forward Launches Solana Treasury With $1.58 Billion Purchase

by admin September 16, 2025


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

Forward Industries has commenced its Solana treasury strategy with an acquisition of more than 6.8 million SOL, backed by major industry players.

Galaxy, Multicoin, & Jump Back Forward’s Solana Treasury

According to a press release, Forward Industries has completed its initial liquid Solana purchases totaling 6,822,000 SOL for its treasury strategy. The tokens cost the company $232 each or a total of $1.58 billion. CoinGecko’s tracker shows the largest SOL treasury before today held $474 million, making Forward’s bet the largest yet.

Forward Industries is a publicly-traded company that has historically focused on design and manufacturing. The dip into the digital asset sector with the Solana treasury program represents a new shift.

Kyle Samani, Chairman of the Board of Directors at Forward Industries, said:

Today’s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks.

On September 11th, the firm closed a private investment in public equity (PIPE) raising $1.65 billion. The main players behind the financing were Galaxy Digital, Multicoin Capital, and Jump Crypto, each of which are firms that have had a notable presence in the digital assets sector. The latest purchase is the initial deployment of this raised capital.

Forward doesn’t plan to just passively hold SOL. Instead, the company has said it will take a more dynamic approach, deploying assets within the cryptocurrency’s ecosystem to generate more value. So far, it has put all its holdings into staking.

Samani noted:

We are building the world’s largest Solana treasury company, a strategy that will both advance the Solana ecosystem and deliver long-term value for our shareholders. We are pleased to make some of our SOL purchases on-chain, which is the first of many activities we expect the Company to do natively on-chain.

Forward’s treasury isn’t the only SOL news for today. Neurotech company Helius Medical Technologies has also revealed a plan for a Solana treasury strategy, as per a press release.

The company intends to raise $500 million through PIPE financing and a further $750 million via stapled warrants. Backers include Pantera Capital and Summer Capital, among other names.

Speaking of digital asset treasury companies, the OG firm Strategy (formerly MicroStrategy) has also added to its Bitcoin holdings today, as announced by co-founder and chairman Michael Saylor in an X post.

The acquisition has involved a total of 525 BTC, with a cost basis of $114,562 per token. In total, the buy has cost the company about $60.2 million, which is relatively modest when compared to some of the earlier purchases.

SOL Price

Solana neared the $250 mark during the weekend, but the asset’s price has declined since then as it has dropped to the $233 level.

The trend in the price of the coin over the last five days | Source: SOLUSDT on TradingView

Featured image from Dall-E, 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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Little Pepe gains momentum ahead of exchange listings
NFT Gaming

Little Pepe gains momentum ahead of exchange listings

by admin September 16, 2025



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

Little Pepe is drawing investor attention with strong presale growth, rising liquidity, and upcoming exchange launches.

Summary

  • Little Pepe’s stage 12 presale at $0.0021 has raised over $24.9 million, with 15.5+ billion tokens sold.
  • The launch is set for Q4 2025 on top exchanges at $0.003, backed by a $777,000 giveaway.
  • Little Pepe is built on a Layer-2 blockchain with fast transactions, low fees, and a dedicated meme launchpad.

Dogecoin’s once-commanding position in the market is showing cracks, and September 2025 may mark a turning point for a new coin, Little Pepe (LILPEPE). Now in stage 12 at $0.0021, the project has surged 110% from its starting price, raising over $24.9 million and selling more than 15.5 billion tokens ahead of schedule.

With its listing set at $0.003, those entering now secure a 42.9% ROI, but early momentum suggests this is only the beginning. Projections point to potential gains exceeding 30x before listing, driven by accelerating token sales and growing investor confidence. 

Memecoin market legends suffer dip

Dogecoin (DOGE) continues its gradual slide, currently trading at around $0.2277, having dropped from the highs of $0.2359 seen in late August, suggesting renewed bearish sentiment heading into September.

Analysts’ forecasts for the month vary, with projections ranging between $0.207 and $0.270, but current momentum leans toward the lower end of that spectrum. This decline is occurring in parallel with surging interest in newer, infrastructure-driven tokens, which may be diverting fresh capital and attention away from DOGE, a trend that’s increasingly palpable as investor focus shifts. 

Launching on top exchanges with strong momentum

Little Pepe is set to debut on multiple leading centralized exchanges in Q4 2025 at a launch price of $0.003. Following a presale that has already raised over $24.9 million, the project enters the market with solid liquidity, strong visibility, and a $777,000 giveaway designed to drive early adoption and engagement.

Analysts indicate this combination of presale traction and incentives could push the market capitalization toward $1 billion shortly after launch.

Layer-2 infrastructure driving utility

At the heart of Little Pepe is an EVM-compatible Layer-2 blockchain engineered for meme tokens. The network delivers lightning-fast transactions, near-zero fees, and protection against sniper bots, addressing challenges that have slowed previous meme launches.

The upcoming Little Pepe Meme Launchpad will allow creators to deploy tokens directly on the network, generating continuous demand and reinforcing ecosystem growth.

Growing interest and community engagement

Since the presale kicked off in June 2025, Little Pepe has seen a surge in attention, with search and query volumes more than doubling in three months. This surpasses the visibility of established meme tokens like PEPE, SHIB, and DOGE. Coupled with a strong presale, confirmed exchange listings, and ongoing marketing efforts, including contests and the $777,000 giveaway, Little Pepe is shaping up as one of the most anticipated launches of the year.

Little Pepe is emerging as a major contender in the memecoin space, especially as Dogecoin struggles to regain its footing. Stage 12 tokens are priced at $0.0021, up 110% from the starting price, with over $24.9 million raised and 15.5+ billion tokens sold. 

The upcoming listing at $0.003 offers early buyers a 42.9% ROI, with potential gains exceeding 30x before launch. Built on a high-speed, EVM-compatible Layer-2 network and supported by a $777,000 giveaway, Little Pepe combines liquidity, utility, and community engagement. While DOGE trades near $0.2277 and faces downward pressure, LILPEPE is capturing investor attention and setting the pace for memecoin returns. .

To learn more about Little Pepe, visit the website, Telegram, and X.

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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September 16, 2025 0 comments
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NFT Gaming

Gemini, SEC Reach Resolution in ‘Principle’ in Two-Year-Old Court Case

by admin September 16, 2025



In brief

  • The pair have asked Judge Edgardo Ramos to stay litigation until later this year while settlement paperwork is finalized.
  • The case centers on whether Gemini Earn, a yield-bearing service tied to Genesis, constituted an unregistered securities offering.
  • A final resolution could set precedent for how regulators treat crypto lending and yield products in the U.S.

Gemini and the U.S. Securities and Exchange Commission told a Manhattan federal court on Monday that they have reached a “resolution in principle” to end a high-profile enforcement action over the crypto exchange’s lending program.

The status report was filed as a letter to the Southern District of New York and asked Judge Edgardo Ramos to stay all deadlines until December 15 while the parties finalize the paperwork needed to complete the settlement.

The case has become a bellwether for how regulators handle yield-generating crypto products, which the SEC previously argued resembled securities contracts despite industry firms contending they are closer to traditional lending. 



A final resolution could set a template for how future products are structured, including whether disclosures and registration are required or whether some models remain off-limits.

Gemini’s troubles with the SEC began in January 2023, when the latter accused the crypto firm and its former partner Genesis Global Capital of offering unregistered securities through Earn, a yield-bearing service that promised returns on customer deposits.

More than $900 million of customer funds were locked up when Genesis collapsed later that year, sparking litigation that has stretched across multiple bankruptcy and enforcement tracks.

While the letter on Monday did not disclose specific settlement terms, both sides emphasized that discussions had matured enough to suspend active litigation.

Such “in-principle” agreements move through a formal process in which SEC staff and respondents must submit a signed settlement offer within 15 business days, followed by staff forwarding the offer and recommendation to the Commission within 20 business days.

The agreement only becomes effective if the Commission votes to accept it; otherwise, the stay lapses and litigation resumes, according to the SEC’s rules of practice. Decrypt has reached out to the SEC and Gemini for comment.

The latest filing follows a series of incremental moves toward resolution.

In February and July, the agency began softening its posture in some crypto cases, with Gemini separately cleared of a probe into potential market manipulation.

By April, Gemini and the SEC sought a 60-day pause in proceedings as talks advanced.

For customers still waiting on repayment through Genesis’s bankruptcy estate, the timeline remains uncertain. 

The shift toward settlement suggests that regulatory pressure on Gemini itself could be easing, potentially allowing the firm to refocus on its core exchange business as competitors push ahead in a maturing U.S. crypto market.

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