Crypto

Bitcoin fell, nearly erasing gains from Wednesday’s rebound, while ether slid more than 3% to trigger large liquidations.

M2 Capital invested $20 million in Ethena’s ENA token as the protocol’s TVL neared $15 billion, with growing institutional backing from global crypto investors. M2 Capital, the investment arm of UAE-based M2 Holdings, invested $20 million in ENA, the governance token for Ethena, a crypto-native synthetic dollar protocol built on Ethereum. M2 Holdings, a conglomerate with digital asset exposure across custody, investment and wealth management, plans to integrate Ethena (ENA) products into client offerings through its affiliate, M2 Global Wealth Limited, according to a Thursday announcement. “M2’s investment in Ethena marks another important step forward for the Middle East’s most sophisticated digital asset investors,” said Kim Wong, managing director and head of treasury at M2 Holdings. Read more

Your day-ahead look for Sept. 25, 2025

The internet giant is in talks with Upbit operator Dunamu over a share swap that could fold the country’s largest exchange into its group.

Ethereum has slipped to its lowest level in nearly two months, marking a sharp reversal after weeks of steady accumulation and new all-time highs. According to CryptoSlate data, ETH briefly fell to $3,993 on Sept. 25 before recovering slightly to trade around $4,030 at press time. The decline reflects a 4% daily drop and caps […] The post Ethereum dips below $4,000 sparking $183 million losses for traders appeared first on CryptoSlate.

South Park singled out Polymarket and Kalshi in its latest episode—surprising users of prediction markets in the process.

The sharper impact on bitcoin may be tied to significant selling from long-held coins, contributing to the deviation from the global M2 trend.

A new, hard-to-spot phishing campaign is hijacking crypto personalities’ X accounts by abusing X’s app authorization system to bypass passwords and 2FA. A new sophisticated phishing campaign is targeting the X accounts of crypto personalities, using tactics that bypass two-factor authentication and appear more credible than traditional scams. According to a Wednesday X post by crypto developer Zak Cole, a new phishing campaign leverages X’s own infrastructure to take over the accounts of crypto personalities. “Zero detection. Active right now. Full account takeover,” he said. Cole highlighted that the attack does not involve a fake login page or password stealing. Instead, it leverages X application support to gain account access while also bypassing two-factor authentication. Read more

The warning comes after AnchorX, a Hong Kong-based firm, announced a stablecoin called AxCNH, pegged to the offshore Chinese yuan.

The Hong Kong company is scaling stablecoin-powered cards, wallets and payout services with backing from Coinbase Ventures, Galaxy and Vertex.

Ethena’s synthetic dollar protocol draws backing from UAE-based M2 Holdings affiliate

Ether's price decline was part of a broader market downturn amid concerns of a potential U.S. government shutdown.

The banks involved in the new euro-denominated stablecoin are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International.

The board's decision follows months of preparation that began in April with LaRose and Treasurer Sprague's initial proposal.

Experts note that while Bitcoin is caught between macro headwinds, August's Core PCE data serves as a possible key near-term catalyst.

The Philippines has launched a blockchain system to track public works spending following protests over corruption.

FalconX has launched the first forwards market tied to Ethereum staking yields, giving institutions a way to hedge the network’s native rate.

Australia has released draft legislation to create new crypto products, bringing the crypto companies under the same rules as financial services businesses. Australia is aiming to tighten regulations around crypto service providers, with draft legislation that would extend finance sector laws to crypto exchanges. Assistant Treasurer Daniel Mulino told a crypto conference on Thursday that the legislation is “the cornerstone of our digital asset roadmap,” which the Albanese Government released in March. “This is a preliminary version of the legislation, and we are seeking stakeholder feedback on its effectiveness and clarity before proceeding further,” he said. Read more

A Coinbase executive and three other crypto tax and policy specialists will meet with the Senate Finance Committee next Wednesday to discuss digital asset tax matters. A US Senate committee is set to hold a hearing next week to discuss how digital assets should be taxed — seemingly in line with the White House’s crypto report released in July. The hearing will be led by the Finance Committee’s chair, Mike Crapo, on Wednesday, with Coinbase vice president of tax Lawrence Zlatkin and Coin Center policy director Jason Somensatto to testify, according to the notice released on Wednesday. It falls in line with the White House Digital Asset Working Group’s crypto recommendations in July, which called on lawmakers to recognize crypto as a new asset class and tailor existing tax rules for securities and commodities to digital assets. Read more

Bitcoin critic Peter Schiff has declared that BTC is in a bear market, citing a 20% drop against gold since its August peak.