Business

September, 2025

• 15 September

  $1.4B Crypto Fraud: V Global Exchange Accomplices Get Suspended Sentences

  

  In a landmark ruling on September 15, 2025, South Korea’s Daejeon District Court handed suspended sentences to executives implicated in the $1.4 billion V Global cryptocurrency exchange fraud, sparing them jail time. The scam, which defrauded 50,000 investors, has rocked the crypto industry, highlighting vulnerabilities in digital asset markets. The accomplices, whose efforts netted up to 1.5 billion won ($1.1 …
• 15 September

  Pakistan Courts Overseas Crypto Exchanges With Virtual Asset Licenses

  

  Pakistan is positioning itself as a burgeoning crypto hub by inviting international cryptocurrency exchanges to apply for licenses under the Virtual Assets Ordinance 2025, enacted on July 8, 2025. The Pakistan Virtual Asset Regulatory Authority (PVARA) issued a call for Expressions of Interest (EoI) on September 13, 2025, targeting global Virtual Asset Service Providers (VASPs) to regulate its $300 billion …
• 15 September

  Native Markets Surges Ahead: USDH Stablecoin Beats Paxos and Rivals

  

  In a landmark win for decentralized finance, Native Markets secured the USDH ticker for Hyperliquid’s native stablecoin on September 14, 2025, beating out heavyweights like Paxos and Ethena in a validator-led governance vote. This victory positions USDH to channel billions in liquidity on Hyperliquid, a leading decentralized derivatives exchange, challenging giants like Circle’s USDC. USDH’s hyperliquidity sets it apart, enabling …
• 14 September

  Revenue Crash: Tron’s Gas Fee Reduction Hits Daily Earnings Hard

  

  Tron’s (TRX) bold move to slash gas fees by 60% has triggered a 64% plunge in daily revenue, dropping from $13.9 million to $5 million in just 10 days, per CryptoQuant. Implemented via Proposal #789 on August 29, 2025, the fee reduction lowered the energy unit price from 210 sun to 100 sun, aiming to boost user adoption and compete …
• 14 September

  Monero Faces 18-Block Reorg: Stability Concerns Rise

  

  Monero (XMR), a leading privacy-focused cryptocurrency, faced a rare 18-block chain reorganization on September 12, 2025, raising concerns about network stability. The event, reported by BitMEX Research, involved the network discarding 18 blocks—spanning roughly 36 minutes due to Monero’s 2-minute block time—to adopt a new chain segment, likely caused by a mining pool’s temporary dominance. Chain reorganizations occur when miners …
• 14 September

  YU Stablecoin Wobbles—Yala Fails to Restore Dollar Peg

  

  Yala’s Bitcoin-backed YU stablecoin is faltering after an attempted attack destabilized its $1 peg, dropping it to $0.2046 on September 14, 2025, per Cointelegraph. Despite recovering to $0.78, YU’s inability to fully restore its peg has sparked concerns about the stability of newer stablecoins in DeFi. The attack, reported by Yala on X, involved a hacker minting 1.2 billion YU …
• 14 September

  SOL Strategies Lands on Nasdaq: CEO Embraces Being Underestimated

  

  SOL Strategies Inc., a Solana-focused treasury and validator firm, debuted on the Nasdaq Global Select Market under the ticker STKE on September 9, 2025, marking a historic bridge between traditional finance and blockchain. The listing, transitioning from OTCQB (CYFRF) and Canadian Securities Exchange (HODL), underscores Solana’s surging institutional appeal, with its DeFi ecosystem boasting $13 billion in total value locked …
• 14 September

  Kicking Out Corruption: How Blockchain Could Fix Football Transfers

  

  Football’s transfer market, valued at $10.3 billion in 2024 per FIFA, is notorious for opaque deals, inflated fees, and corruption. Blockchain technology is emerging as a solution to bring transparency and fairness to player transfers, potentially revolutionizing the sport’s financial ecosystem. The transfer system is riddled with issues: hidden agent commissions, delayed payments, and money laundering risks. FIFA’s 2023 report …
• 14 September

  TVL Boom: Solana Hits Record $13B—Will SOL Moon Next?

  

  Solana’s decentralized finance (DeFi) ecosystem has hit a record $13 billion in total value locked (TVL), doubling from April’s $6.6 billion, signaling robust growth and investor confidence. This milestone, reported by DefiLlama, positions Solana as a leading layer-1 blockchain, challenging Ethereum’s dominance in DeFi. But can this TVL surge propel SOL’s price to new heights? The TVL boom, up 4% …
• 14 September

  Prediction Market Boom: Polymarket at $9B, Kalshi Targets $5B

  

  The prediction market industry is booming, with Polymarket eyeing a $9 billion valuation and Kalshi targeting $5 billion, per recent reports. These platforms, which let users bet on real-world events like elections, sports, and economic data, are gaining traction as powerful forecasting tools, outpacing traditional polls in accuracy. Polymarket, a blockchain-based platform, has surged from a $1 billion valuation in …