Ripple News: BlackRock To Attend Ripple’s SWELL Conference

The deal between StablecoinX and TLGY for a business merger agreement and private investment in public equity (PIPE) financing has raised a total of $890 million. The deal started in July 2025 with $360 million in PIPE financing, and it recently added another $530 million. 

Why TLGY is Merging With StablecoinX?

TLGY, a special purpose acquisition company (SPAC), was created just to merge with and become StablecoinX, a crypto company. It plans to build a large treasury of ENA tokens, and the main goal of the deal is to create the first pure-play treasury company focused on the Ethena stablecoin ecosystem. 

According to the official announcement, the participation includes both new and existing investors, and the financing was priced at $10 per share.

• New investors: YZi Labs, Brevan Howard, Susquehanna Crypto, and IMC Trading
• Existing investors from the initial PIPE: Dragonfly, ParaFi Capital, Maven11, Kingsway, Mirana, and Haun Ventures.

StablecoinX also wants to go public on NASDAQ under the ticker USDE, which will expand access to the public market investors. The funds it is raising will be used to grow the Ethena stablecoin business and support digital currencies issued on blockchain. 

The deal is expected to close in late 2025. 

StablecoinX Expands Future with ENA 

If the merger plan succeeds, StablecoinX would hugely benefit from the increasing global demand for digital dollars. It will also boost Ethena’s growth and adoption with long-term capital and institutional support.

Young Cho, CEO of TLGY, said, “The Additional PIPE financing provides capital to expand StablecoinX’s future ENA holdings and reflects strong investor conviction in our unique strategy, which provides investors direct exposure to the growth of stablecoins and one of the most exciting digital dollar ecosystems in Ethena.” 

“This financing enhances StablecoinX’s ability to pursue a deliberate, multi‑year ENA accumulation strategy while giving public market investors transparent, well‑governed access to the Ethena ecosystem,” he added. 

Ethena’s USDe Stablecoin Grows

Guy Young, founder of Ethena Labs and advisor to StablecoinX, said that since the announcement of early financing, Ethena’s USDe stablecoin circulation has grown to over $12 billion. 

He also stated that Ethena Labs has partnered with Anchorage Digital Bank to bring USDtb onshore. He believes it will become the first stablecoin to comply with the new GENIUS Act.

Michael Saylor, the co-founder and executive chairman of Strategy (formerly MicroStrategy), continues to make headlines in the business and crypto world, with his company and personal ventures attracting global attention.

In a latest development, Saylor has earned a spot on the Bloomberg Billionaires Index. He now sits at #491 on the list, joining the ranks of the world’s 500 richest people.

Saylor’s Wealth In MicroStrategy

As of September 5, 2025, Bloomberg estimates Saylor’s net worth at $7.37 billion. Most of Saylor’s wealth comes from his stake in MicroStrategy.

Saylor owns roughly 8% of MicroStrategy, including 19.6 million Class B shares and 382,000 Class A shares, according to the company’s 2025 proxy filing. He revealed in an X post on October 28, 2020, that he personally held 17,732 Bitcoin. However Bloomberg excludes this from his net worth since ongoing ownership cannot be verified.

Most of the cash holdings come from selling MicroStrategy stock, including over $410 million in 2024, with cash and dividends adjusted for taxes and market changes.

MicroStrategy’s Bitcoin Bet

Through Strategy, Saylor has built the largest publicly traded Bitcoin treasury. It currently holds 636,505 Bitcoin worth over $70 billion. Saylor has also shared in a recent interview that Strategy could one day hold up to 1.5 million BTC.

Strategy Faces S&P Rejection

However, Strategy was left out of the S&P 500 on Friday, despite meeting all the requirements and reporting one of its strongest quarters ever. Its shares were down about 3%. This would have marked a major milestone for the company, giving millions of everyday investors and fund managers exposure to the world’s largest corporate Bitcoin holder.

Saylor reacted on X, sharing data showing MSTR outperforming both the S&P 500 (SPY) and even Bitcoin itself, up 92% which is far above SPY’s 14% and Bitcoin’s 55% annualized return.

As of September 6, Forbes estimates Michael Saylor’s real-time net worth at $8.8 billion, placing him at #379 on the list of the world’s richest people.

Saylor is still going strong in the crypto world. His unwavering faith in Bitcoin is showing no signs of slowing down.

It’s been another restless week in crypto – new bills in Washington, bold moves from Asia, and upgrades that could reshape how blockchains run. 

The industry is maturing at a rapid pact. 

If you missed the action, don’t worry – we’ve pulled together the biggest stories and the subplots that hint at where crypto is headed next.

#1 Wall Street Could Soon Trade Like Crypto

The SEC and CFTC are taking cues from crypto’s nonstop pace. In a joint statement, SEC chair Paul Atkins and CFTC acting chair Caroline Pham proposed a “24/7 Markets” policy that would put U.S. securities trading online around the clock. They argued the move would align Wall Street with global markets like crypto, gold, and forex that never sleep.

Alongside this, the agencies floated plans to ease rules on prediction markets, perpetuals, and DeFi platforms – a shift they call “a new beginning” for U.S. finance.

#2 Senate Draft Bill Redefines Crypto Rules

The U.S. Senate Banking Committee has released a new draft of its long-debated crypto market structure bill, and it could reshape the industry. Section 101 removes staking, airdrops, and pre-legal tokens from being automatically treated as securities, giving everyday crypto activity some breathing room. DePIN projects also see clear exemptions, a first for Washington.

The draft calls for SEC-CFTC cooperation, ending years of confusion. If passed, it would be the most significant shift in U.S. crypto policy to date.

#3 Trump Media Pushes Into CRO With $105M Deal

Trump Media has closed a $105 million deal with Crypto.com, buying 684.4 million CRO tokens – about 2% of supply. The tokens will be staked in custody and integrated into rewards on Truth Social and Truth+. Executives called CRO a “versatile utility” and a step toward wider adoption.

But the timing adds scrutiny, coming soon after headlines about the Trump family amassing a $5 billion fortune from the WFLI token launch, which drew sharp criticism over credibility and market impact.

#4 Leaked Sheet Exposes $20K Undisclosed Crypto Influencer Promotions

A leak shared by on-chain investigator ZachXBT has revealed how organized the crypto influencer market has become. The spreadsheet listed over 200 accounts, complete with wallet addresses and rates – from $500 to $20,000 per post, with bundles and video add-ons.

“From 160+ accounts who accepted the deal I only saw <5 disclose,” ZachXBT said. With almost no transparency, investors are left guessing what’s genuine and what’s paid hype.

#5 WLFI Surges After Blacklisting Advisor Justin Sun’s Wallet

World Liberty Financial stunned markets by freezing nearly $550 million worth of advisor Justin Sun’s WLFI tokens, including 2.4 billion staked coins. The sudden lock tightened supply and sent the token rebounding 8%, lifting its market cap by about $400 million and pushing prices back above $0.18.

The move follows allegations of insider dumping and market pressure during WLFI’s chaotic launch. This came across like an aggressive attempt to restore confidence.

Also Read: Justin Sun To Purchase $10M In WLFI After a Controversial Wallet Freeze

#6 Fed to Spotlight Stablecoins at October Payments Conference

The US Federal Reserve is bringing stablecoins and tokenization to center stage. On October 21, it will host the Payments Innovation Conference, covering everything from business models for stablecoins to the role of AI in payments.

The move reflects a softer stance under the Trump administration, with earlier restrictions on banks’ crypto activities rolled back and stablecoins now viewed as tools to strengthen payment systems.

#7 Japan Plans Securities-Style Rules for Crypto

Japan’s Financial Services Agency has proposed a major shift in how crypto is regulated. In a new report, the FSA suggests moving oversight from the Payment Services Act to the tougher Financial Instruments and Exchange Act, which governs securities. The aim is stronger investor protection, with tighter rules on disclosures, trading, and unregistered operators.

With more than 12 million accounts and $33.7 billion in deposits, officials say it’s time crypto faced the same rules as traditional markets.

#8 Solana Community Approves Alpenglow Upgrade

Solana’s community has cleared the path for its most ambitious upgrade yet. The Alpenglow proposal won 98.27% approval from stakers, marking a decisive moment for the network. With participation from over half the staker base, the upgrade introduces two new systems, Votor and Rotor, to replace Proof-of-History and TowerBFT.

The change will slash transaction finality from more than 12 seconds to just 150 milliseconds. For Solana, that means faster confirmations, stronger performance, and new possibilities for DeFi and gaming applications.

#9 XRP vs Litecoin: Old Rivalry Sparks Fresh Debate

Crypto Twitter lit up after Ripple CTO David Schwartz clapped back at a Litecoin influencer who called XRP “a psychological operation.” The spat, fueled by mocking posts from Litecoin’s official account, quickly turned into a debate over proof-of-work versus energy-efficient tokens.

Schwartz argued XRP’s low energy use makes it more sustainable than mined coins like Litecoin. Market numbers underline the contrast: XRP’s $281B valuation and ETF filings tower over Litecoin’s $8B market cap, giving Ripple’s token the clear upper hand.

#10 Robinhood Joins S&P 500 as MicroStrategy Gets Left Behind

Robinhood is officially stepping into the big leagues. The trading app that rewired Wall Street for a new generation will join the S&P 500 on September 22, replacing Caesars Entertainment. Its stock popped 7% on the news, as analysts hailed the move as proof of financial strength and fresh credibility with institutional investors.

Strategy, widely expected to secure a spot thanks to its massive Bitcoin holdings, missed out this round – showing how selective the S&P committee can be.

In the Spotlight 

Here’s a few quick hits you shouldn’t miss!

Venus Recovers $13.5M from Lazarus Hackers: The DeFi lender pulled off a rare win, seizing funds from a North Korean phishing attack after an emergency vote forced liquidation of the attacker’s wallet in under 12 hours.

Stripe, Paradigm Unveil Tempo Blockchain for Stablecoin Payments: Backed by a $91.5B fintech and one of crypto’s top venture firms, Tempo is being pitched as a payments-first chain, part of a growing wave of stablecoin-focused layer-1 projects.

NFT Trading Surges on Collector Spending: August volumes jumped 9% even as sales slipped, with higher-value purchases and rising activity on Coinbase’s Base network driving the sector’s strongest run since February.

Gemini Aims for $2.2B Valuation in Nasdaq IPO: The Winklevoss-led exchange is seeking to raise $317M through a Nasdaq listing under “GEMI,” with Wall Street heavyweights backing the deal despite steep losses in the first half of 2025.

Ondo Opens Global Access to 100+ Tokenized U.S. Stocks: With its new platform on Ethereum, Ondo is letting investors across Asia, Africa, and Latin America trade tokenized shares of giants like Apple and Tesla – bringing Wall Street liquidity directly on-chain.

What’s Next for Crypto?

Major shifts to expect ahead 

Clearer rules are coming – With the U.S. Senate advancing a draft bill and Japan shifting oversight, regulation is moving from debate to action. That means less uncertainty and a more defined path for the industry.

Stablecoins move into the mainstream – Central banks, payment giants, and new blockchains are all pushing stablecoin adoption. They’re set to play a much bigger role in global payments and financial infrastructure.

Exchanges face a new test – Gemini’s IPO and Robinhood’s S&P inclusion show how far trading platforms have come. The next phase will reveal whether they can deliver growth while staying profitable under scrutiny.

Networks race for performance – Solana’s upgrade and NFT activity on Base highlight how blockchains are competing on speed, scale, and user demand. The winners will set the standard for DeFi and digital assets.

Politics and crypto keep colliding – From Trump Media’s CRO deal to Ripple’s ongoing battles, political influence is shaping markets. Expect more headlines where regulation, campaigns, and tokens intersect.

This week showed how fast things change in crypto — let’s see what happens next.

After the brief crypto market rebound witnessed in the past day, momentum appears to be fading as prices of leading cryptocurrencies stay stagnant. Amid this slow price movement, XRP has seen its derivatives market strike an extreme imbalance in its liquidation trend over the last hour, according to data provided by CoinGlass.

Coming at a time when XRP has continued to face notable price volatility as it remains significantly below the major $3 mark, the unusual liquidation trend has sparked curiosity among market participants as XRP’s next price reaction becomes a major concern.

XRP stuns with $0 activity

According to data provided by the source, XRP has recorded about $56,076 in long positions being liquidated in just one hour, while no liquidation activity was recorded for traders who are supposed to bet on the asset’s downtrend during the period.

With the XRP hourly liquidation trend projecting an imbalance ratio that is quite impossible to calculate, market watchers are closely monitoring its on-chain activities. Although not recorded, the asset has a possibility of having at least $1 in short liquidation, positioning it for a massive liquidation imbalance of 56,076% in mere minutes.

Usually, when short traders face little to no liquidations, it signals that their bearish bets have paid off as the asset’s price drops. However, the situation is different in this case. Although XRP's price chart has shown a decent price swing that looks stable during the period, no short liquidations were recorded. This is not because shorts profited, but because none were placed at all.

While massive liquidation imbalances that wipe off bull traders like this often suggest a successful bear trade, the $0 twist this time hints at a complete lack of short positions, suggesting that bearish traders have shown no interest in the last hour.

With investors questioning its possible rebound move, they fear that the extreme absence of interest from short traders may be far beyond optimism. Oftentimes, situations like this are perceived to be pointing to market overconfidence that often sets the stage for increased volatility.

While this is not the first time the market is recording a single-sided liquidation trend for major cryptocurrencies, including Bitcoin, actions like this have historically preceded both sharp rallies and sudden price corrections, putting investors in extreme uncertainty.

XRP just created a golden cross on its hourly chart, but all is not as it seems. A golden cross occurs when a short-term moving average crosses above a long-term MA and often signifies bullish momentum.

This wasn't the case for XRP's price, as momentum waned with the hourly moving averages making a downward tilt. This comes as the broader crypto market sees lackluster trading activity at the start of September, a month believed to be historically weak for markets.

Rather than XRP rising upward, the price fell, as seen on the hourly chart, to $2.80, suggesting that the signal might have been a fakeout. At the time of writing, XRP was down 1.38% in the last 24 hours to $2.80. The crypto asset has slipped to the fourth spot in crypto rankings, with a current market capitalization of $167 billion. Despite a drop across most time frames, XRP remains up 423% on a yearly basis, surpassing Bitcoin and Ethereum's percentage gains.

XRP to $2.7?

XRP's price rose sharply on Friday, nearing $2.90 as investors reacted to a weak jobs report, which bolstered bets of a potential rate cut in September. However, the rally was short-lived, with the price being rejected at this high. The significance of this move, according to crypto analyst Ali, is that it could send XRP to $2.70. "A rejection at $2.90 could send XRP back to $2.70," Ali tweeted alongside an XRP price chart.

Since its drop in late August to a low of $2.69, XRP continues to trade within a range of $2.74 and $2.887, awaiting its next move. Its next major resistance lies at $3.05 (the daily SMA 50) and $2.48 (the daily SMA 200).

In recent news, Grayscale has celebrated the first anniversary of the Grayscale XRP Trust.

The first week of September has turned into a breakout phase for PUMP crypto. After trending upward in August, the token has extended gains by more than 85%, making the PUMP price today one of the standout performers in the altcoin market. With technical patterns aligning and fresh developments from the project, traders are eyeing a possible push toward the $0.0069 ATH.

Bullish Momentum Builds from EMA Cross In PUMP Price

The month began with strong bullish momentum. PUMP/USD price chart showed a short-term EMA bullish cross, with the 20-day EMA piercing above the 50-day EMA. This signal was confirmed as the price pushed through the rising wedge’s upper border, creating room for an extended rally.

On September 5, this breakout coincided with a major update from the project’s ecosystem. A new collaboration between InsightX and Pump.fun further strengthened bullish sentiment, fueling optimism that the PUMP price USD could retest its highs.

Double Bottom Formation Adds to Optimism

Beyond just the wedge breakout, a tilted double bottom pattern has also been spotted on the daily chart. The neckline of this pattern closely aligns with the wedge’s upper border, reinforcing the bullish case.

If PUMP attempts a pullback to retest and hold above this neckline, a sharp move higher is possible.