Day: September 17, 2025

Grayscale’s Digital Large Cap Fund approved for trading with new listing standards

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Key Takeaways Grayscale Digital Large Cap Fund (GDLC) has been approved for trading with new listing standards. GDLC becomes the first multi-crypto exchange-traded product (ETP) to include Bitcoin, Ethereum, XRP, Solana, and Cardano. Share this article Grayscale Digital Large Cap Fund was approved for trading today with new generic listing standards. The fund will become the first multi-crypto asset exchange-traded product to include Bitcoin, Ethereum, XRP, Solana, and Cardano. The Grayscale team is “working expeditiously to bring the *FIRST* multi crypto asset ETP to market,” according to Peter Mintzberg. The…

Wormhole Token Soars Following Tokenomics Overhaul, W Reserve Launch

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Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates. According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks. “The goal…

Binance OI Data Hints at Imminent Recovery

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Ethereum is now in a correction phase after reaching a high of about $4,950 in late August, with open interest (OI) dropping more than 8% in the past week. On the other hand, Binance’s futures market data suggests that the dip may be close to running out of steam, which could set the stage for the next rally. Reading the Futures Market Tea Leaves According to analysis shared by crypto researcher Burak Kesmeci, local bottoms for Ethereum have frequently been preceded by drops in Binance’s open interest. Over the last…

Will the Fed’s Big Rate Decision Ignite the Next Leg of the Crypto Rally?

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The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (bps) cut and a boost to risk asset prices in the long term. Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.   “The main risk is that the move is already priced in, Puckrin said, adding, “hope is…

Market Expert Says XRP Price At $1,000 Will Happen, But The Timeline Is Different

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The XRP price is once again at the center of discussion in the cryptocurrency market after a market expert reiterated their bold long-term forecast. The founders of EasyA, Dom and Phil Kwok, say the token still has the potential to hit $1,000, even if it takes longer than first expected. They explain that the short-term view is not yet clear, but the long-term case for XRP remains strong.  EasyA Founders Stand By $1,000 XRP Price Prediction Dom and Phil Kwok joined host Tony Edward on the Thinking Crypto podcast to…

CME to launch Solana and XRP futures options on October 13, 2025

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Key Takeaways CME Group will launch futures options for Solana (SOL) and XRP. The launch date is set for October 13, 2025. Share this article CME Group will launch futures options for Solana and XRP on October 13, 2025. The Chicago-based derivatives exchange will add the new crypto derivatives products to its existing digital asset offerings. The launch will provide institutional and retail traders with additional tools to hedge positions and speculate on price movements for both digital assets. The futures options will be based on CME’s existing Solana and…

What Korea’s big bet means for global markets

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Massive pullout of Korean investors from Tesla For years, Korean retail investors have been behind Tesla, contributing significantly to the company’s global stock market surges. However, in August 2025, Korean investors withdrew a whopping $657 million from Tesla stock, the largest monthly outflow in over two years. The withdrawal of investments extends beyond direct stock investments. Leveraged products linked to Tesla, such as the 2x leveraged exchange-traded fund (ETF), TSLL, saw outflows of $554 million in August 2025, the largest since early 2024. For retail investors who previously boosted Tesla’s…

Fed Third Mandate Could Boost Crypto As Dollar Weakens

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A “third mandate” from the US Federal Reserve could change long-term monetary policy if actioned, which could be bad news for the dollar but good news for crypto. The Fed has long been considered to have a dual mandate —  price stability and maximum employment — but President Donald Trump’s pick for Fed governor, Stephen Miran, cited a “third mandate” earlier this month, sparking speculation on the future of central bank monetary policy.  The third mandate is a statutory requirement buried in the Fed’s founding documents, which states that the…

Bitcoin Taps 4 Week High of $117K Ahead of Fed Rate Decision

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Bitcoin prices have tapped $117,000 twice over the past couple of hours as the asset reached its highest level since August 23, almost four weeks ago. BTC gained 1.5% on the day, and almost 5% on the week, but had retreated slightly to $116,600 at the time of writing on Wednesday morning in Asia. The move comes on the day that the US Federal Reserve is expected to lower interest rates for the first time this year. This will lead to greater liquidity and a potential cycle of monetary easing,…

GD Culture Falls 28% on $875M Bitcoin Acquisition Deal

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Shares in the livestreaming and e-commerce company GD Culture Group fell 28% on Tuesday after announcing a share deal to acquire all the assets from Pallas Capital Holding, including 7,500 Bitcoin. GD Culture will issue nearly 39.2 million shares of its common stock in exchange for all Pallas Capital’s assets, including $875.4 million worth of Bitcoin (BTC), the firm said on Tuesday. The deal was made last Wednesday. GD Culture’s CEO and chairman, Xiaojian Wang, said the deal would “directly support” its plan to build a “strong and diversified crypto…