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Is Pi Network price ready for a bullish reversal?

Pi Network price set for lift-off as top whale assets hit $134 million

by admin September 16, 2025

Pi Network price could be preparing for lift-off as developers continued to upgrade the platform to Protocol 23, and as one obscure whale continued accumulating Pi tokens.

Summary

Pi Network price could be about to go parabolic in the near term.
A top whale has accumulated Pi coins worth over $134 million.
Technical analysis points to a rebound, potentially to $1

Pi Coin (PI) was trading at $0.3565, inside a narrow range it has been stuck in for the past few days. This price is nearly 90% below the highest level this year.

One potential catalyst for the value of Pi is that one whale, whose identity is still unknown, has been accumulating the coin since August. The whale has now bought and moved 376.9 million tokens worth more than $134 million today.

The whale could be an ordinary investor who believes that Pi Network is a bargain that will ultimately rebound. However, this whale could be an insider with material information that the rest of the public does not know yet, such as a potential token burn.

Additionally, the whale could be a centralized exchange executive who knows that the company will list the token. This is possible since Pi Network has not had a major exchange listing since its mainnet launch in February this year.

Historically, cryptocurrencies surge after being listed by major exchanges like Upbit, Binance, and Coinbase. For example, Redstone (RED) token recently doubled after being listed by Upbit. Other tokens that soared recently after their listings are Story, Omni, and Ethena.

Meanwhile, Pi Network developers continued the upgrade process as they seek to become fully compatible to Stellar’s Protocol 23. In an update, they noted that they were now working on launching the testnet 1 of Protocol 23.

Pi Network price technical analysis

Pi Coin price chart | Source: crypto.news

The daily chart shows that the Pi Coin price could be on the verge of a major bullish breakout. It has formed a symmetrical triangle pattern whose two lines have now converged.

Pi Network token has also formed a double-bottom pattern at $0.3305 and a neckline at $0.4650. Also, the Relative Strength Index has moved to the neutral point at 50, while the Percentage Price Oscillator is about to cross the zero line.

Therefore, the coin will likely have a strong bullish breakout, potentially to the psychological level at $1. The bullish Pi coin price forecast will become invalid if it drops below the double-bottom point at $0.3300.

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September 16, 2025 0 comments

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

Game Updates

Spider-Man Magic: The Gathering Set Restocked Ahead Of Next Week’s Launch

by admin September 16, 2025

Spider-Man swings into the Magic: The Gathering universe next week in the latest crossover set. Most of the MTG Spider-Man products have been sold out since preorders opened back in March, but Amazon has restocked the Marvel’s Spider-Man Play Booster Box and is offering a discount. Normally $209.70, the 30-pack Booster Box is available to preorder for $192 ahead of the Spider-Man set’s September 26 release.

If you’re interested in picking up the Marvel’s Spider-Man Bundle, the Gift Bundle, or Spidey’s Spectacular Showdown Scene Box, we’d recommend checking the links below frequently. Amazon has restocked all three recently. Unfortunately, these Spider-Man MTG products never remain in stock for very long, which isn’t surprising since this is a crossover set starring arguably the most popular superhero in the world.

Magic: The Gathering x Marvel’s Spider-Man:

Take a closer look at all of the upcoming Spider-Man Magic: The Gathering TCG products below. If you’re still looking for cards from Magic’s exceedingly popular Final Fantasy crossover, check out our Final Fantasy x Magic: The Gathering restock tracker. At the time of writing, Amazon has the Starter Kit in stock for $20 and deals on the Commander Decks. You can even get the Commander Deck Bundle for a massive $110 discount that drops the price to $170 (was $280). We’ve rounded up more Magic: The Gathering TCG crossover sets at the bottom of this story, including Avatar: The Last Airbender, which is slated to launch November 21.

$192 (was $209.70)

Magic: The Gathering’s Spider-Man Play Booster Box includes 30 packs. With Amazon’s current preorder discount, you’re saving close to $20. In total, you’ll get 420 Spider-Man-themed MTG cards in each Play Booster Box.

Here’s the breakdown of the card types you’ll pull in each 14-card pack. Each pack also includes a non-foil double-sided token.

6–7 Commons
3 Uncommons
1 Wildcard of any rarity
1 Rare or Mythic Rare
1 Traditional Foil Card of any rarity
1 Basic Land
0–1 MAR

$42

Spidey’s Spectacular Showdown Scene Box includes three Marvel’s Spider-Man booster packs as well as two different sets of six scene cards. You’ll get six Traditional Foil Borderless Scene Cards that you can use when playing the card game. The artwork on those cards is also found on six Art-Only Scene Cards. The art cards aren’t playable, but the Scene Box comes with a display easel to showcase the artwork. Together, the six cards form a cohesive scene featuring Spider-Man and a handful of Marvel villains.

Here are the Scene Cards you’ll find in the box alongside your display easel and trio of booster packs:

Grasping Tentacles
Venom, Deadly Devourer
Green Goblin, Nemesis
Doc Ock, Evil Inventor
Sensational Spider-Man
Pumpkin Bombs

$70

The Marvel’s Spider-Man Bundle has been difficult to find since preorders for the set opened in early March. This isn’t too surprising since MTG Bundles come with nine booster packs valued at $63 as well as numerous other goodies, including a promo art card, a Spidey-themed storage box, and everything you need to start building your deck to play the trading card game.

Here’s the full list of items included in the Marvel’s Spider-Man Bundle:

9 booster packs (14 cards each)
30 Basic Land Cards (15 Foil, 15 Non-foil)
1 Traditional Foil Alternate-Art Promo Card
2 Reference Cards
1 Spindown Life Counter
1 Spider-Man Storage Box

$90

The $90 Gift Bundle has largely been sold out since preorders opened, but Amazon has restocked it numerous times. The only problem is these restocks always seem to sell out in minutes, so you really need to get lucky.

The Gift Bundle comes with everything that’s in the regular bundle as well as a Collector Booster Pack with 15 Rare, Foil, and Special Treatment cards. Another cool aspect is the box itself. The Gift Bundle recreates the cover of Amazing Fantasy #15 (August 1962), the first appearance of Spider-Man.

1 Collector Booster Pack (15 cards)
9 Booster Packs (14 cards each)
30 Basic Land Cards (15 Foil, 15 Non-foil)
1 Traditional Foil Alternate-Art Promo Card
2 Reference Cards
1 Spindown Life Counter
1 Spider-Man Storage Box

$40

Magic: The Gathering Collector Booster Packs are geared more toward enthusiast collectors, but these expensive boosters typically include some very cool foil cards. The $40 Collector Booster features 15 cards and an art card or traditional foil double-sided token:

5 Traditional Foil Commons
4 Traditional Foil Uncommons
1 Traditional Foil Basic Land
1 Traditional Foil Rare or Mythic Rare
2 Non-foil Booster Fun Rare or Mythic Rare cards
1 MAR card
1 Traditional Foil Booster Fun Rare or Mythic Rare

$430

The Collector Booster Box comes with 12 of the $40 Collector Booster Packs detailed above. Though prices have varied–we’ve seen $430-$455–you’re likely to “save” by buying the pricey packs by the dozen versus individually. That said, just like the Collector Booster Pack, this has been sold out for months.

Magic: The Gathering Crossover Sets: What’s in stock now?

Magic: The Gathering x Final Fantasy

Magic: The Gathering 2025 Crossover Sets:

Final Fantasy x Magic: The Gathering Set – In stock

Magic: The Gathering Commander Decks come with 100 cards, a 2-card Collector Booster Sample Pack, a deck box, and everything else you need to play MTG’s popular Commander format.

Avatar: The Last Airbender x Magic: The Gathering Set – In stock

Preorders for Avatar: The Last Airbender’s crossover set sold out fast in August. Only two products have been available to preorder in recent weeks.

Amazon also has products from a few older Magic: The Gathering crossover sets in stock. Notably, retailer recently restocked Lord of the Rings: Tales of Middle-earth Commander Decks. Two of the four have sold out, but you can you can still get Riders of Rohan and Elven Council Commander Decks for $50 or less.

The Lord of the Rings: Tales of Middle-earth Commander Decks:

Tales of Middle-earth Scene Boxes are also available for right around normal price ($41) from third-party resellers (shipped by Amazon).

The Lord of the Rings: Tales of Middle-earth Scene Boxes:

The Lord of the Rings: Tales of Middle-earth Commander Deck

Fallout x Magic: The Gathering Set – In stock

Last year’s Fallout crossover set is available for low prices thanks to Amazon’s Commander Deck Bundle deal that drops the price from $240 down to $155. You can also get individual Fallout Commander Decks for as low as $40.

Doctor Who x Magic: The Gathering Set – In stock

Only two of the Doctor Who Commander Decks are available for great prices: Blast from the Past for $35 and Paradox Power for $40. The other two Commander Decks in the Doctor Who MTG crossover set are selling for $68-$75.

Sign up for GameSpot’s Weekly Deals Newsletter:

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September 16, 2025 0 comments

NFT Gaming

Bitcoin Allocations Set To Explode Among US Institutions, Wall Street Veteran Says

by admin September 16, 2025

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

Wall Street veteran Jordi Visser told reporters that US traditional finance firms are likely to raise their Bitcoin allocations before the end of the year.

He expects demand to pick up in Q4 as portfolio managers set positions ahead of 2025. Some managers will make small moves; others could shift larger slices of their holdings into BTC, Visser said.

Institutional Survey Signals Strong Bitcoin Interest

According to a joint Coinbase and EY-Parthenon survey, a large share of institutional investors plan to add crypto exposure in 2025.

The survey found 83% of respondents intend to increase allocations, and 59% expect to put more than 5% of assets under management into crypto or related products.

Those figures suggest that many firms are preparing for wider crypto use in portfolios.

Intentions Do Not Always Equal Action

Plans by money managers can change. Regulation, market swings, and macro shocks can slow or halt buys. Still, when lots of institutions say they will act, it raises the odds that real flows will follow. That said, timing and size of the moves remain uncertain.

ETF Flows Feeding Demand

Spot Bitcoin ETFs have pulled heavy inflows this year, giving institutions an easier on-ramp into the market.

Recent daily net inflows reached about $642 million on one trading day, and cumulative ETF net inflows since launch are roughly $57 billion, lifting total ETF assets to about $153 billion.

Source: Coinbase

Those flows can provide a steady source of demand for BTC if they continue.

How ETFs Change The Game

ETFs give big funds a familiar product to buy. That reduces some barriers to entry. If allocations rise in Q4 as Visser suggests, ETF channels are where much of that buying could show up first.

Bitcoin currently trading at $114,872. Chart: TradingView

Corporate Holdings Add Another Layer

Public and private firms are already holding Bitcoin on their books. Data trackers show public companies’ treasury BTC holdings are valued at roughly $112 billion across many firms.

Big buyers like the Michael Saylor-led Strategy continue to add to their piles, and corporate buys make headlines when they happen. Such corporate demand can add to overall market appetite for BTC.

The Period To Watch

Based on reports and the surveys, late Q4 will be the period to watch. If institutions move as planned, Bitcoin could see meaningful support.

But investors should expect bumps, as it’s the nature of crypto: policy shifts, rates, or a sudden liquidity squeeze could cut short flows.

In short, the signs point toward more allocation from TradFi, yet execution will depend on several moving parts.

Featured image from Unsplash, chart from TradingView

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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September 16, 2025 0 comments

GameFi Guides

Cardano price set to crash as key DeFi metric plunges 45%

by admin September 15, 2025

Cardano price continued rising on Friday, Sept. 12, coinciding with the ongoing crypto market comeback.

Summary

Cardano price has formed a rising wedge pattern on the daily chart.
It has also formed a bearish divergence pattern.
The total value locked in the DeFi ecosystem has plunged by 45% since December.

Cardano (ADA) token rose to $0.90, its highest point in two weeks and about 80% above its lowest level in June. Still, technical analysis points to an upcoming crash as a key decentralized finance metric plunges.

Cardano price chart points to a plunge

The daily timeframe chart shows that the Cardano price is rising and slowly approaching the important resistance point at $1. However, there are signs that the ongoing rally will be short-lived.

ADA is slowly forming a highly bearish rising wedge pattern. The upper side of this pattern links the highest levels since March this year. On the other hand, the lower line connects the lowest swings since June.

The two lines are now nearing their confluence level, which may lead to a crash in the near term.

Technical indicators also point to a reversal. The Average Directional Index has dropped to 16, its lowest level since May 8 and much lower than the July high of 47.

Additionally, the Percentage Price Oscillator and the Relative Strength Index have continued moving downward. Therefore, the most likely outlook is a plunge to key support at $0.51, its lowest swing in June, about 45% below the current level.

This bearish outlook will become invalid if the coin rises above the important resistance level at $1.20.

ADA price chart | Source: crypto.news

Cardano DeFi TVL has plunged

There are three main reasons why the Cardano price may have a bearish breakout in the near term. First, the total value locked in its ecosystem has dropped sharply in the past few months. Its TVL has dropped by 45% from $720 million in December to $383 million today.

Second, the upcoming Federal Reserve interest rate cuts may become a “sell-the-news” event. This is a situation where an asset rises ahead of a major event and then drops when it happens.

Further, there are concerns about Cardano’s ecosystem as other chains have left it behind. For example, the amount of stablecoins in the network stands at $40 million, a tiny amount for an industry worth over $287 billion in assets.

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September 15, 2025 0 comments

Crypto Trends

Polymarket Set For $10 Billion Valuation As US Relaunch Nears – Report

by admin September 14, 2025

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

According to the latest reports, crypto-based prediction platform Polymarket is preparing for a new funding round that could see its valuation rise to $10 billion. This move to raise additional capital comes as the company prepares to relaunch in the United States.

On September 3, Polymarket CEO Shayne Coplan revealed on the social media platform X that the prediction site has received the green light from the Commodity Futures Trading Commission (CFTC) to launch in the United States.

Polymarket, which became increasingly popular during the 2024 US presidential election, has been subject to regulatory scrutiny for the majority of this year. However, this approval decision from the CFTC marks the conclusion of investigations into the prediction platform’s activities.

Prediction Platform To At Least Triple Its $1 Billion Valuation

According to a September 12 report by Business Insider, Polymarket is readying for another funding round that could triple its June valuation of $1 billion. Citing unnamed sources, the report stated that at least one investor has offered a term sheet to raise Polymarket’s valuation to as high as $10 billion.

The crypto-based prediction marketplace reached “Unicorn” status and a $1 billion valuation in June after completing a $200 million funding round. Multiple reports revealed that the company’s last capital raise was led by Peter Thiel’s Founders Fund—famous for its early backing of startups like OpenAI, Paxos, and Palantir.

A separate report revealed that Polymarket has considered an offer that would see its company grow to as high as $9 billion. This report also claimed that the company’s major competitor, Kalshi, is closing in on a $5 billion valuation in a new funding round.

While activity on Polymarket seems to hover around $1 billion after a $2.5 billion peak in November 2024, there are high hopes for the prediction market site upon its return to the US. However, the company still faces some restrictions in other countries, including Singapore, France, Thailand, and so on.

Polymarket And Chainlink Build New Partnership

In a press release on Friday, Chainlink disclosed its partnership with Polymarket to integrate its oracle network into the prediction platform’s resolution process. The blockchain network claims that this collaboration will improve the accuracy and speed of Polymarket’s market resolutions.

Sergey Nazarov, Chainlink co-founder, said:

Polymarket’s decision to integrate Chainlink’s proven oracle infrastructure is a pivotal milestone that greatly enhances how prediction markets are created and settled. When market outcomes are resolved by high-quality data and tamper-proof computation from oracle networks, prediction markets evolve into reliable, real-time signals the world can trust.

Chainlink joins Polymarket’s growing list of strategic partnerships, coming after the prediction platform’s collaboration with Elon Musk’s X to launch an integrated product that offers data-driven insights and recommendations to users.

The price of LINK token on the daily timeframe | Source: LINKUSDT chart on TradingView

Featured image from The Information, chart from TradingView

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September 14, 2025 0 comments

NFT Gaming

Dogecoin Set to Explode? Analyst Predicts After 42% Surge

by admin September 14, 2025

Much of the large upside action in major cryptocurrencies of late has been in altcoins such as Dogecoin, with the dog coin higher by 43% weekly. Catalysts for Dogecoin’s price rise include incoming ETFs and new crypto treasury companies focusing on the dog coin.

In recent news, CleanCore Solutions has now accumulated more than 500,000,000 Dogecoin as part of its strategic acquisition plan. Earlier this week, the U.S.-based cleaning company disclosed an initial purchase of 285 million DOGE to begin its Dogecoin accumulation plan. CleanCore aims to acquire 1 billion DOGE in 30 days, funded by a $175 million private placement backed by Pantera, GSR and FalconX.

Dogecoin to melt faces?

Dogecoin has seen a sharp surge in the last 48 hours, posting two large green daily candlesticks for Friday and Saturday, respectively.

On Saturday, Dogecoin sharply rose from a low of $0.272 to $0.3069 and is on track for its fourth day of rise since Sept. 9. Taken from Sept. 6, Dogecoin has marked six out of seven days in the green, surpassing the daily SMA 50 barrier at $0.225.

Hong Kong Discloses Eased Crypto Rules For Banks, Set To Take Effect In 2026

by admin September 13, 2025

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

In a significant move to bolster its position in the cryptocurrency landscape, Hong Kong is set to implement new regulations aimed at enhancing the adoption and usage of digital assets among banks.

This initiative comes in the wake of a renewed wave of pro-crypto policies spearheaded by the United States, which aspires to establish itself as the world’s crypto capital. Recognizing the need to stay competitive, Hong Kong’s regulatory framework seems to be evolving to stay at the forefront of this race.

New Crypto Asset Classification Module For Banks

The Hong Kong Monetary Authority (HKMA) recently issued a draft document for public consultation, introducing a new module titled CRP-1, or “Crypto Asset Classification,” as part of its “Banking Regulatory Policy Manual.”

This draft is designed to clarify the regulatory guidelines related to bank capital requirements in line with the Basel Committee on Banking Supervision’s standards, with full implementation anticipated by early 2026.

The HKMA aims to provide a structured approach to regulating crypto assets, particularly focusing on those linked to unlicensed blockchain technologies, commonly referred to as public chains.

Faith, a partner at King & Wood Law Firm and a lecturer at the University of Hong Kong’s School of Law, shared insights in an exclusive interview with Caixin.

She highlighted that the draft regulatory guidance will allow for lower capital requirements for banks dealing with crypto assets, provided that issuers can demonstrate effective risk management measures.

The draft document also emphasizes the classification procedures that align with global financial standards, ensuring that Hong Kong’s banking sector adheres to international norms.

By addressing digital assets launched on public blockchains, the proposals suggest that these cryptocurrencies could benefit from reduced capital requirements, thereby incentivizing banks to engage more actively with digital assets.

A New Era In Digital Asset Legislation

Hong Kong’s stance on digital asset legislation further distinguishes it from mainland China, which has taken a more cautious approach.

Earlier this year, the region introduced stablecoin regulations, enforcing a licensing regime for stablecoin issuers that requires compliance with strict asset management and client asset segregation protocols.

This regulatory framework is designed to promote financial stability and encourage innovation in the digital asset sector, building on the progress made in the United States with the passage and signing of the GENIUS Act by President Donald Trump.

Chengyi Ong, head of Asia-Pacific policy at Chainalysis, emphasized the importance of stablecoins in the broader crypto ecosystem. She noted that stablecoins not only provide stability but also facilitate traditional financial processes, such as cross-border payments and settlements, which are often mired in inefficiency.

The daily chart shows the total market cap at $3.9 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com

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September 13, 2025 0 comments

Crypto Trends

Ethereum Validator Exit Queue Set to Surge: This Is Why

by admin September 10, 2025

The Ethereum validator exit queue may spike in the coming days, but crypto market participants have little to worry about, says Ethereum educator Anthony Sassano.

“This ETH will presumably be restaked using new validator keys, aka it’s not going to be sold,” Sassano said in an X post on Tuesday, citing Kiln Finance’s announcement following a hack of a Switzerland-based crypto wealth management platform, SwissBorg.

A large volume of Ether (ETH) being unstaked is sometimes considered a bearish indicator, as traders may fear it signals upcoming selling pressure. The ETH exit queue is sitting at 1,628,074, according to ValidatorQueue data. Approximately 35.5 million ETH is staked, roughly 29.36% of the total supply.

Kiln begins “orderly exit” of Ethereum validators

“Following our announcement yesterday regarding the Solana incident involving SwissBorg, Kiln is taking additional precautionary measures to safeguard client assets across all the networks,” Kiln Finance said in an X post on Tuesday.

SwissBorg earlier revealed that hackers had exploited a vulnerability in the API of its staking partner Kiln, draining about 193,000 Solana (SOL) tokens from its Earn program.

“As part of this response, Kiln today began the orderly exit of all of its Ethereum validators. The exit process is a precautionary measure designed to ensure the integrity of the staked assets,” Kiln Finance explained.

The Ethereum exit queue currently has approximately 1.63 million ETH. Source: ValidatorQueue

Exit process could take up to 42 days, Kiln says

Kiln Finance explained that the exit process is expected to take between 10 and 42 days, depending on the validator.

Ether is trading at $4,306 at the time of publication, according to CoinMarketCap.

Related: Ethereum exit queue hits record $5B ETH, raising sell pressure concerns

It comes after Ethereum has experienced times of surging entry and exit queues in recent months.

On Aug. 28, Cointelegraph reported that Ethereum saw the most significant validator exodus in crypto history, with over 1 million Ether tokens currently waiting to be withdrawn from staking through Ethereum’s proof-of-stake (PoS) network.

Meanwhile, on Sept. 3, the amount of Ether in the queue to be staked surged to its highest level since 2023 as institutional traders and crypto treasury firms aim to scoop rewards for their holdings.

Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?

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September 10, 2025 0 comments

NFT Gaming

Robinhood Set to Join S&P 500 as Bitcoin Giant Strategy Misses Out

by admin September 5, 2025

In brief

Robinhood was added to the S&P 500
Publicly traded digital asset-focused firms have benefited from the friendlier regulatory and political environment of recent months.
The S&P 500 added crypto exchange Coinbase to the index in May.

Shares of Robinhood soared 7% in after hours trading after the retail brokerage, which focuses heavily on digital assets, was added to the S&P 500.

Robinhood (HOOD) soared past $108 per share after closing Friday a little above $101, according to Yahoo Finance. The company’s share price has soared more than 150% year-to-date.

HOOD will join the index on September 22, according to a press release from S&P Dow Jones Indices. Advertising technology firm AppLovin was also added by the index. S&P Dow Jones reshuffles the index on the first Friday of the last month of the third quarter, which ends in September.

But the S&P 500 will not include Bitcoin treasury firm Strategy, disappointing some observers. Strategy’s $95 billion market cap was large enough to meet the S&P’s threshold for inclusion. S&P-listed companies must be U.S.-based and have market values of more than $20 billion.

Shares of Tysons Corner, Virginia-based Strategy, formerly MicroStrategy, were down nearly 3% in after-market trading. Strategy holds more than $70 billion worth of Bitcoin and pioneered the digital assets treasury strategy that numerous other firms have since adopted.

The S&P decision underscores the growing might of digital asset-focused companies, which have benefited from the friendlier political and regulatory environment of recent months. Amid this shift, institutional investor interest in cryptocurrencies has risen, spurring big price gains among Bitcoin, Ethereum, and other leading assets and massive inflows to crypto-based exchange-traded funds.

Cryptocurrency exchange Coinbase began trading on the S&P index on May 19.

In its second quarter, Robinhood posted a stronger-than-expected performance, surpassing analyst expectations, despite a cooldown in revenue from crypto trading.

The retail brokerage posted $989 million in total sales, up 45% from a year ago and beating analysts’ expectations of $913 million, according to MarketScreener data.

With an earnings per share mark of $0.42, Robinhood reported $386 million in second-quarter profits, up $50 million year-over-year and beating analyst expectations of $276.6 million.

Robinhood said that it generated $160 million in crypto trading revenue during the second quarter, a 98% increase from a year ago. However, the figure fell quarter-over-quarter from $252 million, as U.S. President Donald Trump’s trade war dominated headlines.

At the same time, transaction-based revenues for options and equities increased quarter-over-quarter, rising to $265 million and $66 million, respectively. After crypto trading boomed for Robinhood late last year, totaling $672 million in Q4, options-based income has become Robinhood’s main money maker again.

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September 5, 2025 0 comments