Day: October 1, 2025

Memecoin Profits Flow to Platforms, Not Traders: Report

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Memecoins may attract new users to blockchains, but the profits largely flow to the platforms that launch and trade the tokens, according to a new report from Galaxy Research. The study released on Wednesday shows that while most traders lose money in a short-term gambling market, infrastructure providers such as launchpads, decentralized exchanges and trading bots capture millions in revenue by facilitating memecoin trading. Solana’s Pump.fun, a memecoin launchpad that debuted in early 2024, has been a major beneficiary, with tokens on the platform representing a combined $4.8 billion in…

SEC Plans to Open Doors For More Crypto Custody Players in the US

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The United States Securities and Exchange Commission has taken another step toward easing the path for the digital asset industry. On Tuesday, the SEC approved state trust companies to act as custodians for crypto assets under the Investment Company Act and the Investment Advisers Act. State entities that are not federally chartered banks, which were generally not allowed to accept deposits, may now be responsible for the safety of investors’ crypto assets. The no-action letter addresses uncertainty about whether state trust companies qualify as “banks” under the Acts for purposes…

REX seeks SEC approval for BitMine Growth and Income ETF to offer BMNR exposure

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Key Takeaways REXShares’ new ETF would give direct exposure to BitMine Immersion Technologies through an actively managed equity strategy. The filing does not include leverage, focusing instead on growth and income from BMNR shares. Share this article REXShares has filed with the Securities and Exchange Commission to launch the BitMine Growth and Income ETF, an actively managed fund designed to provide exposure to shares of BitMine Immersion Technologies. According to the prospectus, the ETF’s investment objective is to maximize total return, combining capital growth and income. The strategy involves holding…

SUI Group partners with Ethena to launch stablecoins, reducing reliance on USDC

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Key Takeaways SUI Group partners with Ethena to launch new stablecoins on the Sui blockchain, aiming to reduce reliance on USDC. The new stablecoins are yield-bearing, designed to subsidize network fees and support sustainable models for the Sui ecosystem. Share this article SUI Group, a Nasdaq-listed treasury management company, partnered with Ethena, a yield-generating stablecoin protocol, to launch new stablecoin offerings that will decrease the Sui blockchain ecosystem’s dependence on Circle’s USDC. The collaboration involves Ethena launching yield-bearing stablecoins designed to subsidize network fees and promote sustainable economic models within…

XRP Flips Green For First Time Since 2017, Pundit Predicts 500% Rally

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Crypto pundit Mikybull Crypto has revealed that XRP has flipped green for the first time since 2017. Based on this, he predicted that the altcoin could record a rally of up to 500%, reaching $15 in the process.  XRP Eyes Rally To $15 As Price Flips Green In an X post, Mikybull Crypto predicted that XRP could rally to between $5 and $15. This came as the analyst noted that the altcoin has flipped green on the quarterly chart for the first time since 2017. He suggested that the rally…

Bitcoin Reclaims $118K, Which Altcoins Will Follow?

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Key points: Bitcoin has broken above the $117,500 resistance, opening the gates for a retest of the all-time high at $124,474. Several altcoins have started a strong relief rally, signaling solid buying at lower levels. Bitcoin (BTC) closed September with gains of more than 5% and the bulls extended the gains on the first day of the new month by pushing the price above the stiff overhead resistance of $117,500. CoinGlass data shows that a positive monthly close in September has historically been followed by an average return of more…

USDT supply hits 175B

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Key Takeaways Tether’s USDT stablecoin supply has hit 175 billion tokens. This achievement underscores USDT’s continued dominance and growth in the stablecoin sector. Share this article Tether’s USDT supply reached 175 billion tokens, according to CoinGecko data. The milestone marks continued growth for the flagship stablecoin from Tether, a stablecoin issuer positioning itself as “The Stable Company.” Tether has been advancing USDT as a tool for financial inclusion in developing regions by creating extensive physical and digital distribution networks for remittances and daily transactions. Competitors are adopting USDT’s technology and…

Alternative Assets Are No Longer Alternative

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Opinion by: Sam Mudie, CEO of Savea Alternative assets were once solely the domain of the elite.  For centuries, fine wine, high art and luxury watches were only accessible to the most exclusive circles of society.  Now, everything has changed. Blockchain technology has digitized these alternative assets for the first time, enabling fractional ownership and 24/7 access.  The result? The line between what was once considered “alternative” and “mainstream” is quickly disappearing. Luxury assets are traditionally inaccessible  Gaining access to the passion class of assets has always been deeply tied…

SimpleFX Relaunches First Deposit Bonus

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[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, October 1st, 2025] SimpleFX has brought back its First Deposit Bonus, designed to reward traders as soon as they fund their account for the first time. Within minutes, new deposits receive additional capital — giving traders a head start to explore markets on the regulated, crypto-friendly SimpleFX platform. Key Highlights Promotion period: September 24 – October 24, 2025 Instant rewards credited within minutes of deposit confirmation Tiered bonus thresholds — higher deposits unlock bigger rewards Global access to 1,000+ assets with…