Business

September, 2025

• 9 September

  Kazakhstan President Proposes State-Backed Crypto Fund with ‘Promising’ Assets

  

  Kazakhstan is set to launch a State Fund of Digital Assets, as announced by President Kassym-Jomart Tokayev, aiming to bolster its role in global digital finance. Managed by the National Bank’s Investment Corporation, the fund will accumulate a strategic reserve of promising cryptocurrencies and tokenized assets, positioning Kazakhstan as a crypto hub by 2026. Strategic Crypto Reserve The fund, funded …
• 9 September

  Winklevoss-Founded Gemini to Go Public, Nasdaq Joins as Strategic Investor

  

  Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is set to go public on Nasdaq under the ticker “GEMI,” aiming to raise up to $317 million. The exchange has secured Nasdaq as a strategic investor, with a $50 million private placement, signaling growing trust in crypto markets. A Landmark Crypto IPO Gemini’s IPO, targeting a $2.22 billion valuation, …
• 9 September

  Bitget Wallet and Aave Introduce Stablecoin Staking at 5% APY

  

  Bitget Wallet has partnered with Aave, a leading decentralized finance (DeFi) protocol, to offer a stablecoin staking program with up to 5% annual percentage yield (APY) on USDT and USDC. This integration allows users to earn passive income on stablecoins across multiple blockchains, including Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, and BNB Chain. Earn Passive Income with Stablecoins This program …
• 8 September

  Venus Protocol Returns $11M to Phishing Victim, Restores Crypto Losses

  

  Venus Protocol, a leading DeFi lending platform on the BNB Chain, successfully returned $11.4 million in cryptocurrency to user Kuan Sun, a victim of a sophisticated phishing attack. The incident, initially reported as a $27 million loss but later corrected to $13.5 million by PeckShield, involved a malicious Zoom client that tricked Sun into approving a transaction, granting attackers access …
• 8 September

  Inside Vitalik Buterin’s Fortune: Arkham’s 2025 Findings on Ethereum Co-Founder

  

  Vitalik Buterin, Ethereum’s visionary co-founder, has a net worth estimated at $1.05 billion as of August 2025, according to Arkham Intelligence’s latest report. His fortune, primarily tied to 240,042 ETH valued at $1.04 billion, reflects Ethereum’s meteoric rise since its 2015 launch, when Buterin received a significant initial allocation. His wealth peaked at $2.09 billion in 2021 when ETH hit …
• 8 September

  China Continues Gold Buying Spree, Marks 10-Month Streak

  

  China’s central bank, the People’s Bank of China (PBOC), has extended its gold purchasing streak to 10 consecutive months, adding 2 tons in August 2025, bringing total reserves to 2,302 tons, or 7% of its $3.6 trillion foreign exchange reserves, according to the World Gold Council. This methodical accumulation, totaling 21 tons in 2025, underscores China’s strategy to diversify away …
• 8 September

  Hyperliquid Eyes USDH Upgrade as Paxos, Agora & Frax Pitch Infrastructure

  

  Hyperliquid, a leading decentralized exchange, is set to launch its native stablecoin, USDH, in 2025, attracting fierce competition from Paxos, Agora, and Frax Finance to provide its infrastructure. Announced on September 6, 2025, the initiative aims to reduce Hyperliquid’s reliance on USDC, which holds $5.5 billion in platform deposits, and boost ecosystem growth. Each bidder offers unique strengths, with validators …
• 8 September

  Tether Pushes Back Against Bitcoin Sale Speculation

  

  Tether, the issuer of the $143 billion USDT stablecoin, firmly denied speculation of selling its Bitcoin (BTC) holdings on September 7, 2025, quashing rumors that sparked market unease. CEO Paolo Ardoino clarified via X that Tether did not sell any of its 100,521 BTC, valued at $11.17 billion, countering claims by analyst Clive Thompson. Thompson had pointed to a Q2 …
• 8 September

  DOGE Accumulates: What Investors Should Know About the $0.22 Hurdle

  

  Dogecoin (DOGE) has entered a critical accumulation phase, consolidating around a key $0.22 resistance level as of September 8, 2025, with its price at $0.2282, up 5.14% in 24 hours, per CoinMarketCap. This phase, marked by balanced buying and selling, signals potential for a significant price move, with analysts eyeing a breakout or pullback. The $0.22 resistance, a psychological and …
• 8 September

  Ethereum Sees $1B in Stablecoin Inflows Daily Over the Past Week

  

  Ethereum has recorded an impressive $6.7 billion in stablecoin inflows over the past week, averaging nearly $1 billion daily, as reported by MilkRoadDaily on September 3, 2025. This surge, boosting Ethereum’s stablecoin reserves to $145 billion, solidifies its dominance, holding over 50% of the global stablecoin market, per Glassnode. The influx underscores growing investor confidence in Ethereum’s decentralized finance (DeFi) …