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Metaverse Shows Signs of Life with NFT Sales Up 27 Percent

by admin September 12, 2025

Metaverse-related non-fungible token sales rose 27% in August from the month prior, suggesting people could be “slowly sneaking back into virtual worlds,” according to an analyst from DappRadar.

There was $6.5 million in metaverse trading volume across August, down slightly from July but coming from 13,927 sales, representing a 27% increase from last month, according to the report published on Thursday.

“It’s the 2nd month of steady activity, hinting that users may be slowly returning to virtual worlds like Sandbox, Mocaverse, Otherside and Decentraland,” it wrote on X.

The metaverse saw peak hype in 2021 and 2022, driven by speculation and excitement about what the technology could achieve, slowing down in 2023 and beyond after its initial burst of popularity.

Source: DappRadar

People “sneaking back” into the metaverse

In July, DappRadar recorded sales of $6.7 million and trading volume of 10,900 in metaverses, a significant jump from just $3.7 million in sales and 12,800 in volume in June.

DappRadar analyst Sara Gherghelas said August figures show the “metaverse isn’t dead yet,” and people appear to be “sneaking back into virtual worlds.”

However, January has still been the best month for sales this year, with $7.7 million, while April and May have been the best for trading after clocking more than 19,000 in volume each.

Platforms focusing on long-term infrastructure

At the moment, Gherghelas said the top platforms are focused on building for the long term, with a focus on infrastructure.

The Sandbox, a metaverse-focused subsidiary of Hong Kong-based Web3 firm Animoca Brands, had its largest Land auction in July. The Mocaverse, a Web3 ecosystem and NFT project, is preparing to launch Moca Chain, with a testnet expected this quarter.

At the same time, Otherside, a metaverse platform developed by Yuga Labs, released AI-powered world-building tools in August.

Decentraland, a browser-based 3D virtual world, announced a major engine upgrade, and HYTOPIA, a Web3 gaming platform and metaverse, replaced its $TOPIA token with the new $HYBUX token. The team also expanded its creator fund.

Related: Animoca’s Sandbox overhauls as co-founders confirm new strategic roles

“While volumes continue to remain modest, leading platforms are shifting their focus toward long-term infrastructure, identity, and creator tools,” Gherghelas added.

Metaverse projects still in the works

Companies are still working on launching metaverses as well, with artificial intelligence startup, Infinite Reality, acquiring the music-pirating app turned music streaming service Napster in March with plans to add a music-focused metaverse.

Meanwhile, the Donald Trump-owned company DTTM Operations filed for trademarks back in February, connected with a metaverse and NFT marketplace built around the US President’s brand.

Magazine: Astrology could make you a better crypto trader: It has been foretold

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September 12, 2025 0 comments

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$1.2 Billion in Solana Moved in Mere Minutes, What’s Happening?

by admin September 12, 2025

Solana has seen dramatic moves among whales in the last hour as the token continues to trend upwards today.

As enthusiasm appears to be returning to the crypto market, on-chain tracking firm Whale Alert has spotted Solana whales pulling large amounts of SOL from the leading U.S. crypto exchange on September 11.

According to data provided by the source, Solana has recorded a series of high-volume transfers in the last hour, seeing over $1.2 billion worth of Solana being moved among large holders.

More specifically, the transfers happened in a series of 7 separate transactions, each seeing hundreds of thousands of SOL tokens move between Coinbase Institutional and different unknown wallets.

Solana whales resurge with billion dollar moves

Among the pack of high-volume SOL transfers witnessed during the period, the largest of them all involved 1,756,934 SOL worth $398.84 million being mysteriously exchanged among two unknown wallets.

While the transaction did not involve the service of any crypto exchange, it is difficult to tell if the move was an attempt to buy or sell the tokens, pointing to a possible internal reshuffling of assets by large holders.

On the other hand, the smallest of the moves happened in two repeated identical transfers of 439,233 SOL worth $99.2 million each. Each of these transfers was pulled from the leading U.S. crypto exchange, signaling major buy activities from high-profile investors or institutions.

Other transactions involved 999,999 SOL worth $225.68 million moved from an unknown wallet to Coinbase Institutional, 755,934 SOL worth $171.20 million transferred back from an unknown wallet to Coinbase Institutional, and 505,935 SOL worth $114.70 million moved among two unknown wallets.

While the move appears bullish for the Solana ecosystem, the repeated major activities which happened in dramatic consecutive order signal heightening interest from institutional investors or high-profile entities holding large amounts of SOL.

With these bullish moves coinciding with the broad crypto market rebound, market watchers are keeping a close eye on SOL price action as they remain optimistic that the large whale transfers could sustain the ongoing rally, pushing Solana’s price beyond expected highs.

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September 12, 2025 0 comments

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Will Solana Launch A Stablecoin? Helius CEO Calls It A No-Brainer

by admin September 12, 2025

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Helius Labs CEO Mert Mumtaz ignited a fresh round of debate inside the Solana ecosystem on September 10 after floating the idea of a Solana-aligned stablecoin whose reserve yield would be redirected to SOL via buybacks or burns—either as an “enshrined” protocol feature or, more likely, through competing digital-asset treasury companies (DATs). “Warming up to the idea that Solana should enshrine a stablecoin,” he wrote, adding that “50% burn of the yield goes back to burning SOL.” Hours later, he reframed the thrust: “it shouldn’t be enshrined, a DAT should do it… fix it and trillions.”

Why A Solana Stablecoin Is A No-Brainer

Mumtaz’s core critique targets what he describes as “yield leakage” from Solana: “Stablecoins are commodities, and currently on Solana, there is one that captures all yield and literally funds Solana’s biggest competitor with it!” He argued that, under the US GENIUS Act, stables are readily swappable and issuers will fight aggressively for market share—citing the recent “Bachelor-style” scramble among large stablecoin companies to court business. “If you don’t want to enshrine a Solana-centric stable, then consider digital asset treasury companies (DATs)… The DAT is literally a machine for buying the underlying token.”

That framing collides with the letter of the new US law. The GENIUS Act, signed in July, carves out “payment stablecoins” as neither securities nor commodities for US federal purposes, consolidating oversight largely under banking regulators and expressly separating them from SEC/CFTC jurisdiction. Multiple legal analyses and a Congressional Research Service note affirm the statute’s classification.

In short: Mumtaz’s “commodity” phrasing is rhetorical, not legal. Still, the law’s most consequential economic detail—stablecoins cannot pass interest to holders—means issuers (or affiliated structures) capture the reserve income and can decide how to use it. That’s precisely the lever Mumtaz wants pointed back at Solana.

Within hours, one builder publicly accepted the challenge. “We (@KASTcard) will put 101–103% of all interest income from USDK on Solana, to buyback SOL,” wrote CEO and co-founder of KAST, adding that the buybacks would sit with a foundation that issues a token after a planned TGE and that USDK would be issued with the m^0 foundation as a U.S. “Genius compliant” stable. The 1–3% kicker above 100% would be treated as marketing spend. KAST and m^0 have previously disclosed plans to launch programmable, application-specific dollars on the networl; KAST’s consumer app and card already target global stablecoin payments.

The proposal’s mechanics are straightforward in concept. A native USD stablecoin accrues reserve yield (e.g., from T-bills) at the issuer level; a DAT structure then commits that income stream to buy SOL on the open market and either retire it or recycle it into ecosystem programs.

Mumtaz even sketched a toy model—“Assume a Solana DAT runs a Solana stable, call it USDmanlet… [it] earns yield. The DAT takes all the yield and buys SOL with it… embed it in the ecosystem and take the yield and pump it back… or into burning SOL.”

Stablecoin Wars Reach Solana

Mumtaz’s “funding the competitor” barb is aimed squarely at USDC’s economics and Coinbase’s Base L2. Coinbase and Circle split USDC reserve income, a line item that has grown into a major revenue stream for Coinbase as stablecoin supply has rebounded; Coinbase incubated Base, an Ethereum Layer-2 that has quickly become a high-throughput venue for on-chain activity.

None of that is nefarious—USDC’s terms are clear—but for Solana purists it is strategically suboptimal to let billions in Solana-settled stablecoin activity originate issuer profits that are then reinvested in a rival’s stack. That is the “simple problem” Mumtaz says he wants to fix, whether by enshrining or (more plausibly) by market-driven competition among issuers and DATs.

Multicoin Capital co-founder and managing partner Tushar Jain agreed via X: “One of the best things about Solana’s culture is adopting good ideas from other ecosystems. Hyperliquid’s idea to encourage stablecoin issuers to buy HYPE with USDH interest is a powerful way to drive REV. Why should Circle keep all of the interest revenue from USDC on Solana?”

For now, this is only a proposal—there is no SIP or governance vote to “enshrine” anything at the protocol layer, and Mumtaz himself emphasized the market-driven DAT route. Whether the proposal takes the form of competing issuers pledging buybacks, a canonical “ecosystem stable,” or a more modular treasury program, the endgame Mumtaz sketched is unambiguous: stop leaking yield, and point it at SOL.

At press time, SOL traded at $228.

SOL surges above the 0.786 Fib, 1-week chart | Source: SOLUSDT on TradingView.com

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

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September 12, 2025 0 comments

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PENDLE price breaks above $5 as volume spikes 35%

by admin September 12, 2025

Pendle price jumped more than 5% to break above the $5 level amid a notable surge in daily volume, and marched to a new all-time high in total value locked.

Summary

Pendle price increased more than 5% to $5.10, with daily volume rising 35% to $110 million.
Gains in the past 24 hours have helped push total value locked to a new high above $12.1 billion.

With top cryptocurrencies taking a cue from broader risk asset markets on Thursday amid fresh U.S. inflation data, Pendle surged to an intraday high of $5.10. The altcoin’s price rose 5.8% in 24 hours as of this writing and trended as one of the top performers in the crypto market.

As buyers accumulated the native token of the crypto yield trading platform, the price jumped from lows of $4.76 to above $5.10, extending the bounce that stemmed the downtrend from the Aug. 24 high of $6.29.

PENDLE chart. Source: crypto.news

Pendle (PENDLE) hovering between $4.73 and $5.12 means buyers have the opportunity to establish this as a robust demand zone. Bulls may eye the all-time high of $7.50 reached in April 2024, a move possibly supported as intraday trading volume spikes.

On Sept. 11, buying pressure saw the 24-hour trading volume rise more than 35% to $110 million.

Pendle TVL hits new peak

Amid the price fluctuation, Pendle’s traction in the decentralized finance ecosystem continued as total value locked in DeFi hit a new all-time high above $12.1 billion. Pendle TVL stood at $4.81 billion on July 1, 2025, suggesting a near-double jump in the past two months, with the price rebounding from around $3.24.

The broader market’s outlook, dictated by a confluence of macroeconomic factors and fundamental highlights, has helped PENDLE.

While macro factors such as tariffs and interest rate expectations have provided a backdrop to price fluctuations for risk assets, other factors such as institutional demand, stablecoin adoption, and crypto regulatory developments have been key to altcoins’ resilience.

Price spikes amid high-volume trading signal rising interest, and data from Coinglass show open interest in Pendle has jumped to $143 million.

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September 12, 2025 0 comments

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Dogecoin Rises 20% as Treasury Firm Amasses DOGE, ETF Nears Launch

by admin September 12, 2025

In brief

The price of Dogecoin has risen by nearly 20% over the last week.
A publicly traded Dogecoin treasury has announced $125 million worth of DOGE purchases this week.
Rex-Osprey will launch a Dogecoin ETF in the U.S. on Friday.

Dogecoin is one of crypto’s biggest gainers over the last week, beating majors like Bitcoin and Ethereum as fresh catalysts helped propel the O.G. meme coin to its highest price in nearly a month.

DOGE was recently priced at $0.2543, rising nearly 20% over the past week and hitting its highest price since August 13, according to data from CoinGecko.

No coin in the top 10 cryptocurrencies by market cap has gained more over the last week than DOGE, though the coin remains well short of its 2021 all-time high mark above $0.73.

Every other coin in the top 10—besides dollar-pegged stablecoins—has set a new all-time high in the last 12 months. Analysts recently told Decrypt that DOGE has been the lone outlier due to a lack of demand drivers like treasury firms amassing billions of dollars’ worth of the coin, or ETFs piling up coins due to investor interest.

But that’s starting to change.

On Monday, CleanCore Solutions—the first publicly traded Dogecoin treasury, which trades as ZONE on the NYSE American—announced its first purchase of the cryptocurrency, and then revealed yet another purchase on Thursday afternoon.

CleanCore said that it now holds over 500 million DOGE, valued above $125 million. The firm established its treasury together with House of Doge, the commercial arm of the Dogecoin Foundation that supports the cryptocurrency, and as such has called itself an “official” treasury company.

“Crossing the 500 million DOGE threshold demonstrates the speed and scale at which ZONE is executing its treasury strategy,” said CleanCore CIO and House of Doge CEO Marco Margiotta in a release. “Our vision is to establish Dogecoin as a premier reserve asset while supporting its broader utility across payments, tokenization, staking-like products, and global remittances.”

ZONE is up about 6% on the week, and has surged by more than 200% since the start of the year.

Dogecoin’s recent rise also comes amid anticipation for the first DOGE ETF to launch in the United States. Rex-Osprey’s Doge ETF, which will use the DOJE ticker, is set to begin trading Friday after being delayed a day.

While it’ll list under a different process than the majority of spot Bitcoin and Ethereum ETFs trading in the United States, as analysts told Decrypt this week, the end result will be much the same: It’ll allow traditional investors to gain access to the original and still most valuable meme coin.

“Pretty sure this is first-ever U.S. ETF to hold something that has no utility on purpose,” Bloomberg Senior ETF Analyst Eric Balchunas wrote on X this week.

Users on Myriad, a prediction market developed by Decrypt’s parent company Dastan, are increasingly bullish on Dogecoin’s prospects, currently projecting a 66.6% chance that DOGE is more likely to rise to $0.30 than fall to $0.15. That mark has risen by nearly 15% over the last week amid Dogecoin’s price climb.

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September 12, 2025 0 comments

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5 Crypto ETF Charts We Thought You’d Like this Month

by admin September 11, 2025

Did you know, exchange-traded products are now the largest holders of bitcoin? In today’s Crypto for Advisors newsletter, Rony Abboud from Trackinsight and ETF Central breaks down current ETF trends.

Then, Joshua de Vos, research lead at CoinDesk answers investment questions about ETFs in “Ask an Expert.”

Thank you to our sponsor of this week’s newsletter, Grayscale Investments. For financial advisors near Minneapolis, Grayscale is hosting Crypto Connect on Thursday, September 18. Learn more.

– Sarah Morton

5 Crypto ETF Charts We Thought You’d Like this Month

Crypto has officially entered the ETF mainstream, and the numbers tell the story.

ETPs Hold the Bitcoin Crown

In case you missed it, crypto exchange-traded products (ETPs) have become the biggest holders of bitcoin, now sitting on 1.47 million coins — about 7% of the total 21 million supply, according to data compiled by Hold15Capital on X.

Public companies come next with just over 1 million, followed by governments holding around 526,000, according to bitcointreasuries.net

Looking closer, BlackRock’s iShares IBIT exchange-traded fund (ETF) leads the pack with 749,000 coins, while Fidelity’s FBTC holds 201,000 and Grayscale’s GBTC sits at 185,000. That share of supply is likely to keep climbing as more investors, especially institutions, jump in under a friendlier U.S. crypto administration.

Crypto Moves Into the ETF Mainstream

Cryptocurrency has become a key topic in the Trackinsight Global ETF Survey.

This year’s edition gathered insights from more than 600 professional investors overseeing over $1 trillion in ETF assets. They shared their views across active, thematic, ESG, fixed income and crypto segments.

When asked about their appetite for crypto ETFs in 2025, more than half said they plan to increase allocations in client portfolios.

Crypto ETFs Break Into the Big Leagues

Cryptocurrency ETFs in the U.S. ranked 8th in net inflows over the past year, according to ETF Central’s ETF segments dashboard — another sign of how powerful this asset class has become since gaining access through the ETF wrapper. The results of the Trackinsight survey reflect that shift, showing how professional investors who were once hesitant are now increasingly open to crypto.

Solana and XRP ETFs Edge Closer to the Spotlight

With bitcoin and ether ETFs already established, solana and XRP are lining up for their own spot debut. Optimism is high, but the SEC has yet to approve any filings. Still, with the legal cloud around Ripple lifted and a more crypto-friendly regulatory environment in Washington, the odds of launch are looking better than ever.

In the meantime, investors have been riding the momentum through U.S. futures-based solana and XRP ETFs. North of the border, Canada has already pulled ahead with spot launches, while Europe continues to lead the charge with ETPs covering nearly every major cryptocurrency — including solana and XRP.

Since 2024, XRP and solana ETPs have attracted $2.02 billion and $1.35 billion in net inflows globally, with momentum picking up after the first related U.S. spot ETF filings.

The Big Race: Gold vs. Crypto

The visual highlights a key trend in modern finance: the battle for a place in investor portfolios.

Gold, the perennial store of value, maintains its lead with ETPs nearing $400 billion in assets, as it remains a critical hedge against inflation and geopolitical turmoil.

Yet, the explosive growth of crypto ETPs, which have raced past $200 billion, signals a new era.

This isn’t a zero-sum game; instead, the chart suggests that in an uncertain world, investors are turning to both assets to provide different forms of protection and growth.

– Rony Abboud, role, chief marketing officer, Trackinsight and ETF Central

Ask an Expert

Q: What happened with global crypto ETF/ETP flows in August?

Ether-linked products attracted $4.27 billion, the strongest monthly intake this year and ~88% of August’s net inflows, driven primarily by US-listed funds.

Bitcoin products saw $169.1 million in net outflows at the category level, despite issuer-level dispersion. Solana and XRP products recorded inflows of $383.4 million and $279.7 million, respectively, signalling selective diversification beyond BTC and ETH.

Flows by geography:

Americas: $4.92 billion in net inflows, continuing to anchor global allocations and trading.
Europe: $108 million in net outflows, reflecting softer demand across several markets.
APAC: $70.4 million in net inflows, with incremental gains led by Hong Kong and Australia.

Q: How has the U.S. positioned itself since the debut of listed crypto ETFs and ETPs?

Since bitcoin ETFs became available in January 2024, U.S.-listed products have become the core venue for regulated digital-asset exposure, with USD-denominated vehicles ~94% of global activity.

For investors, this scale and consistency of participation underscores the United States’ role as the primary market for price discovery and capital formation in crypto.

Q: What policy developments have continued to firm the US operating backdrop for crypto ETFs?

The SEC’s move to permit in-kind creations/redemptions for spot bitcoin and ether products supports more efficient primary-market operations and tighter spreads.
Major exchanges have also proposed generic listing standards for commodity-based ETPs (including digital-asset commodities), which, if adopted, would streamline future product approvals.
In parallel, the Commission extended review periods on select single-asset proposals (including Solana), clustering several high-profile decisions into October.

Together, these steps reinforce structural clarity as the market matures.

– Joshua de Vos, research lead, CoinDesk

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September 11, 2025 0 comments

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SharpLink Transfers 379M USDC To Galaxy Digital: Ethereum Buy Incoming?

by admin September 11, 2025

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

Ethereum continues to show remarkable resilience, with demand leaving its mark even as price action remains sideways. ETH has been consolidating in a narrow range, mirroring the broader market where Bitcoin trades cautiously and altcoins display selective strength. Yet behind the scenes, institutional interest in Ethereum is quietly building, setting the stage for what could be the next major move.

According to fresh data from Lookonchain, SharpLink recently transferred $379 million USDC to Galaxy Digital, capital that may be allocated toward purchasing more ETH. This transfer underscores a growing trend: institutional players are not shying away from Ethereum, even amid volatility and macroeconomic uncertainty. Instead, they are positioning themselves for what could be a decisive breakout once the current consolidation phase resolves.

SharpLink Transfers to Galaxy Digital | Source: Lookonchain

SharpLink Gaming is among the first Nasdaq-listed companies to design a treasury strategy centered on ETH, marking a significant milestone in corporate adoption. By treating Ethereum as a strategic reserve asset, it reinforces the idea that ETH’s role extends well beyond speculative trading into long-term institutional portfolios.

Related Reading: Bitcoin Mining Difficulty Keeps Rising Despite Price Volatility – Details

With consolidation tightening and institutional inflows accelerating, the coming weeks may prove critical. Many investors expect a massive surge for Ethereum once the current sideways structure breaks, potentially marking the start of its next major rally.

SharpLink Expands Ethereum Treasury

SharpLink has officially announced that its total Ethereum holdings climbed to 837,200 ETH as of August 31, 2025, solidifying its role as one of the largest corporate holders of the asset. The company continues to pursue its ETH-focused treasury strategy aggressively, with notable activity reported in the week ending August 31.

During that week, SharpLink purchased an additional 39,008 ETH, bringing its cumulative balance to new heights. These acquisitions were financed through $46.6 million in net proceeds raised via the company’s at-the-market (ATM) facility, demonstrating its ongoing ability to secure fresh capital for strategic allocations. Importantly, the average purchase price for the week’s ETH acquisitions stood at $4,531, reflecting the company’s confidence in buying at elevated levels as Ethereum consolidates near all-time highs.

SharpLink Weekly Ethereum and Capital Summary | Source: SharpLink

This accumulation has elevated SharpLink to the position of the second-largest ETH treasury holding company, trailing only BitMine. BitMine currently holds more than 2 million ETH, valued at approximately $9.2 billion. Together, these treasury allocations highlight how major institutions are increasingly adopting Ethereum not only as a speculative asset but also as a long-term strategic reserve.

By expanding its ETH holdings so aggressively, SharpLink is sending a clear signal to the market: Ethereum’s role in corporate treasuries is no longer theoretical. As adoption grows, such moves could prove pivotal in reinforcing ETH’s status as a core asset in the global digital economy.

ETH Analysis: Trading Sideways

Ethereum is trading at $4,436, showing a 2% daily gain as the price begins to emerge from a prolonged consolidation phase. The 12-hour chart highlights that ETH has been moving sideways for much of September, holding firmly above $4,200 support. Now, momentum appears to be picking up as the price tests resistance around $4,450.

ETH testing local supply | Source: ETHUSDT chart on TradingView

The 50 SMA at $4,407 is now acting as immediate support, while the 100 SMA at $4,182 provides a stronger cushion below. The 200 SMA, sitting at $3,460, remains well beneath the current range, confirming that ETH’s broader bullish structure is intact. As long as Ethereum maintains levels above $4,200, the technical setup favors continuation to the upside.

For bulls, the next critical test lies in reclaiming $4,600, a level that has repeatedly capped rallies in recent weeks. A decisive breakout above this resistance would set the stage for ETH to retest the $4,800–$5,000 zone, potentially marking the start of a stronger bullish leg.

Featured image from Dall-E, chart from TradingView

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September 11, 2025 0 comments

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XRP price coiled for breakout as first U.S. spot ETF nears launch

by admin September 11, 2025

The XRP price recovery stalled at the key resistance level of $3 as traders awaited the first launch of a spot XRP exchange-traded fund on Friday, Sept. 12.

Summary

The Rex-Osprey XRP ETF will launch on Friday.
It will be the first spot XRP ETF in the United States.
The SEC is expected to approve other spot ETFs in October.

Rex-Osprey XRP ETF set to launch on Sep. 12

The XRP price will be in the spotlight tomorrow as Rex-Osprey launches the first spot ETF. This fund will have a first-mover advantage compared to those filed by companies like Franklin Templeton, Bitwise, and Invesco.

While the fund’s goal is to track the Ripple (XRP) price, it will be different from the others. The main difference is that it is based on the Investment Company Act of 1940, while the others are based on Act 33. Using the 1940 Act allowed Rex-Osprey to complete the 75-day review.

The other difference is that it will provide investors with exposure to XRP through a wholly owned Cayman Islands company.

This fund will be similar to the Rex-Osprey SOL + Staking ETF that has accumulated over $240 million in assets. As such, it is likely to be more expensive than the other upcoming XRP ETFs, given its 0.75% expense ratio.

While the new XRP ETF will be notable, the main catalyst for XRP will be the other funds, which will likely be approved in October. Polymarket data shows that the odds of these spot ETFs happening this year have jumped to 92%.

Analysts expect these funds will have substantial inflows within the first few months, which may boost the XRP price. SoSoValue data shows that spot Bitcoin (BTC) and Ethereum (ETH) funds hold between 5% and 7% of their market capitalization. If XRP achieves this, then the main ETFs could attract more than $9 billion in assets in the first year.

XRP price technical analysis

XRP price chart | Source: crypto.news

The daily time frame chart shows that the XRP price has formed a few chart patterns that may trigger more gains in the near term. It has formed a double bottom at $2.70 and a neckline at $3.38.

Most importantly, it has formed a falling wedge pattern and has already moved above its upper side, confirming a bullish breakout. It has remained above the 100-day exponential moving average.

The Relative Strength Index has moved above the neutral point at 50, while the two lines of the Percentage Price Oscillator have crossed. Therefore, XRP will likely rebound and potentially hit an extreme overshoot level near $4.30.

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September 11, 2025 0 comments

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Crypto Traders Profit From Charlie Kirk Murder as Debate Swirls Over Ethical Lines

by admin September 11, 2025

In brief

Crypto traders bought and sold a handful of Charlie Kirk meme coins after the conservative influencer was assassinated on Wednesday, generating millions.
The token creators and top five traders collectively profited more than $2 million, prompting meme coin traders to question whether an ethical line had been crossed.
Some believe profiting off death is too far, while others argue it’s unavoidable in crypto-based free markets.

Meme coin creators and traders profited more than $2 million following the assassination of right-wing influencer Charlie Kirk on Wednesday. It has split the meme coin-frenzied segment of the crypto community, with one side calling those gaining from his death “sickening” while others shrug at the long line of morally questionable tokens traders have capitalized on.

In the wake of the fatal shooting of prominent conservative activist Kirk, four meme coins were created and soared to multi-millions, with the largest peaking at a $36 million market cap. The deployers of these tokens netted more than $563,000 in rewards—royalties paid to the creators of the tokens—in less than 24 hours, according to data from Solana meme coin launchpad Pump.fun. The top five traders of each token have realized profits over $1.6 million, according to DEX Screener.

As trading for the tokens accelerated on Wednesday night, social media was set ablaze with people searching for and identifying those profiting from the death of the President Trump ally.

Some even suggested that the token launchpad Pump.fun should add filters that prevent the creation of coins that profit from shootings and violence. Pump.fun does have terms of use, a prohibited use policy, and an active moderation team, but such tokens do not violate any of its guidelines. Pump.fun did not immediately respond to Decrypt’s request for comment.

Pump.fun appears to have benefited from the frenzy too. PumpSwap, the decentralized exchange where its tokens trade, saw a significant spike in daily volume to $533 million—a three-month high. The platform, though, did not experience a notable increase in the number of tokens launched or revenue generated, according to data available on Dune.

“I think profiting off someone’s death, especially the magnitude of an event like this, is sickening,” Pump.fun livestreamer Jytol told Decrypt. “Personally, I don’t trade memes which involve death, racism, or bullying.”

“Anything is fair game”

A prominent pseudonymous meme coin trader, 0xWinged, called such critiques “virtue signalling,” suggesting the community is now drawing an arbitrary line that hasn’t been well-defined in the past. 0xWinged explained that he is both sad about Kirk’s death and would have traded the tokens—but was “sidelined sadly.”

“If it’s not me, it’s someone else making money. Meme coins are about reach and publicity. Kirk was the most viral event,” 0xWinged told Decrypt. “I think Crypto Twitter, having moderate right political views, saw Charlie not as a random victim but as a martyr for a greater cause. And the tokenizing of this event reduced his real-world achievements to a market cap.”

He added that he doesn’t think those profiting off the tokens have “any ill intent,” explaining that “anything is fair game” when it comes to meme coin trading. He also admitted there’s something “dystopian” about that.

Others think that dystopian feeling crosses a line. Loopify, a pseudonymous game developer and founder of charity CryptoGaza, compared the trend to investing in war stocks, which he believes exists “below the moral line.”

“My opinion: anyone who makes money off coins like that, you’re the problem with crypto,” pseudonymous meme coin trader WombatAF told Decrypt. “Death isn’t funny, memes should be funny, or a joke. Something you can just get over. Not death and crime.”

CT is full of the most hypocritical, racist, scummy people with no morals

But buying a Charlie Kirk coin is where they draw the line🤣🤣

— 🪐 (@bilal_m17) September 10, 2025

Crypto degens and profiteering

This is, of course, not the first time that crypto degens have profited from tragic events or ethically questionable spectacles—though the Charlie Kirk coins have sparked notably more outrage among meme coin traders.

Last year, meme coin traders pumped tokens based on unfounded rumors that Joe Biden had died… he hadn’t. This year, degens pumped a token called Swasticoin as they parroted antisemitic and Nazi ideologies. And, over the past seven days, traders profited from meme coins referencing the murder of Iryna Zarutska in Charlotte, North Carolina.

Solana token Justice for Iryna hit a $33.8 million market cap with the top five traders profiting $661,700 on the token. The deployer has earned $190,920 in creator fees, but appears to have donated part of this to a GoFundMe for Zarutska’s family. Equally, a token calling for the death penalty for the alleged killer pumped to $40 million, with the top five traders profiting $506,000 from it.

“There is a 9/11 token out right now [and] no one is mentioning it,” Pump.fun livestream clipper Barton Baste told Decrypt, adding that other meme coins are available that reference the deadly protests in Nepal. “What has happened there recently is extremely tragic,” they pointed out.

0xWinged said crypto’s right-wing base meant the death of Kirk felt more impactful than any previous tragic event that degens profited from—not that meme coin traders are against profiting from death.

The fact all yall were foaming at the mouth for the little Ukranian girl stabbed in the neck coin 24 hours ago, sent that shit to 30 mil, but a few shitposts today is where you draw the line is the most absurd thing I’ve ever witnessed. Disgusting lmao

— Lexapro (@LexaproTrader) September 11, 2025

An “oscillating barrier of tolerance”

The pseudonymous Scorched Earth Policy, who holds the title of chief of staff at the Milady-run Remilia Corporation, told Decrypt the situation is reflective of the “hive mind” of the crypto market. He doesn’t believe market participants draw static ethical lines but are instead moved by a “constantly oscillating barrier of tolerance towards distaste.” The more market participants there are, the closer it will represent the cultural consensus, he said.

“Each of these coins has their own specific context,” Scorched Earth Policy said. “Iryna could have developed just as much backlash as the Charlie coins if her story kept gestating. From what I understand, though, the main coin promised to provide money to her family. [But] that sort of thing is often used as a buffer mechanism to default grift resistance.”

Ultimately, the meme coin trenches are the rawest expression of free markets. With the invention of Pump.fun—and the launchpads that followed—anyone can create a meme coin for free, from their phone, in seconds. Then, anyone with a dollar in their digital wallet can buy that token, and then equally sell it.

“Personally, I feel nothing towards it,” Scorched Earth Policy said. “It’s tasteless to participate in something like that but it’s also naive to treat it like something that can be improved.”

It appears, for now at least, that meme coins pumping and dumping based on murders, disasters, and other ethically questionable ordeals are an unavoidable feature of permissionless markets, where cultural events are currency and their users are anonymous.

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September 11, 2025 0 comments

NFT Gaming

HBAR Surges 5% Despite Volatile Trading Session

by admin September 11, 2025

Hedera’s HBAR token saw a volatile 23-hour stretch between Sept. 10 and 11, swinging in a narrow 5% band between $0.23 and $0.24. The token dipped to its $0.23 support level early in the session before rebounding on heavier-than-usual trading volumes. Daily volume averaged 35.4 million, but activity surged to 156.1 million by midday Sept. 11 as institutional money appeared to flow in, propelling HBAR back toward the $0.24 ceiling.

Despite the rally, HBAR struggled to break through resistance at $0.24, where strong selling pressure emerged. The rejection at this technical level underscored the significance of $0.23 as firm support and $0.24 as a critical barrier for further gains. Analysts note that a close above $0.24 could open the door to a 25% rally toward the $0.25 target, but failure to breach resistance leaves the token range-bound in the $0.21–$0.23 corridor.

The surge in trading activity coincided with regulatory developments. On Sept. 9, Grayscale filed with the U.S. Securities and Exchange Commission (SEC) to convert its Hedera HBAR Trust into an exchange-traded fund (ETF), alongside similar filings for Bitcoin Cash and Litecoin. The SEC has set a Nov. 12 deadline to decide on the proposed Nasdaq listing, making the next two months pivotal for HBAR’s institutional adoption prospects.

The ETF filing has stoked demand from traditional asset managers seeking broader exposure to digital assets. With regulatory clarity on the horizon, HBAR’s price action reflects a tug-of-war between bullish institutional interest and technical barriers. Market participants will be watching closely whether the SEC’s decision provides the breakout catalyst HBAR needs to test higher levels.

HBAR/USD (TradingView)

Technical Indicators Summary

$0.011 trading range equals 5% spread from $0.23 low to $0.24 high over 23-hour period.
Strong $0.23 support holds on 37.8 million volume reversal.
Breakout volume hits 156.1 million during recovery. Institutional flows confirmed.
Key $0.24 resistance triggers massive volume reversal. Heavy selling pressure evident.
Final hour volatility September 11 13:14-14:13 shows $0.0072 range between $0.24 levels.
Sharp reversal at $0.24 resistance on 2.28 million volume spike creates rejection pattern.

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 11, 2025 0 comments