Brian Quintenz has released private text messages exchanged with Gemini co-founders Cameron and Tyler Winklevoss. The communication suggests the twins pressured him for assurances about upcoming Commodity Futures Trading Commission (CFTC) enforcement actions. Gemini’s Founders Accused of Influencing Chair’s Confirmation The Trump-nominated CFTC chair shared screenshots of the exchanges on X, accusing the two of attempting to interfere with his admission to the agency over concerns related to their civil case with the regulator. In the messages, Tyler forwarded a June complaint that accused CFTC staff of misconduct in the exchange’s legal battle and asked for his input. He accused the agency of “lawfare trophy hunting” and asked Quintenz how he planned to align with Trump’s mandate to reform it. However, he refused to make any promises, instead vowing to undertake “a fair and reasonable review of the matter.” After this, the two allegedly approached President Trump to push for a delay in his confirmation. “I believe these texts make it clear what they were after from me, and what I refused to promise. It’s my understanding that after this exchange, they contacted the President and asked that my confirmation be paused for reasons other than what is reflected in these texts,” the X post stated. The policy advisor concluded by saying that transparency comes first and protecting Trump’s agenda matters more than any job, adding he has supported him since 2016 and will continue to do so. The Senate Agriculture Committee had planned to hold a confirmation hearing for Quintenz in late July. However, just before Congress went on its month-long break, the White House reportedly asked the committee to delay the hearing. Furthermore, the committee has not yet heard from the administration on whether to reschedule the vote. Gemini’s IPO Gemini had made a $5 million settlement in January with the regulator following allegations that the crypto exchange misled the CFTC during the approval process for a Bitcoin futures product. However, in June, the firm’s attorney sent a letter to the agency’s internal watchdog accusing its lawyers of pursuing the case for personal gain. He claimed they were “driven by a selfish desire to advance their careers by misusing their offices to obtain a high-profile win” against Gemini. Elsewhere, the company is just days away from its IPO. Gemini plans to list on Nasdaq under the ticker GEMI, with backing from major institutional partners, including a $50 million private placement from Nasdaq itself. The platform is seeking a valuation above $3 billion and plans to sell 16.7 million Class A shares priced between $24 and $26, which could generate over $430 million. The post CFTC Chair Nominee Exposes Winklevoss Twins’ Private Texts Ahead of Gemini IPO appeared first on CryptoPotato .
Bitcoin exchange flows are driving short-term price action: centralized exchanges record roughly $15.8B daily volume versus $1.7B from spot ETFs, raising NVT-driven overvaluation risks while a weaker Stock‑to‑Flow amplifies correction
XRP ascending triangle shows consolidation above $2.973; as long as XRP holds this support, a breakout target near $3.12122 — and potentially $3.20 — remains plausible. Traders should watch the
SOL Strategies Inc., the company that grew out of Cypherpunk Holdings, made its Nasdaq debut this week under the ticker STKE. According to reports, the move converts the company’s Canadian listings into a US trading venue and gives American investors direct access to a firm that holds a sizable Solana treasury. Related Reading: Institutional Adoption Rises: 21X Brings Chainlink Into Europe’s Tokenized Securities Market The firm’s SOL holdings were valued at roughly $83 million–$94 million around the time of the listing, and SOL token prices were trading in the $214–$220 range as markets reacted. Nasdaq Debut And Trading Volatility According to market watchers, STKE opened around $12.85 on Nasdaq before tumbling to roughly $8.18 in early trades, showing heavy volatility in the first session. The company still maintains a presence in Canada, where it trades as HODL on the Canadian Securities Exchange, and its OTCQB shares (CYFRF) are being migrated into the Nasdaq listing. Reports have disclosed that the early price swings were driven by speculative flows and the usual market churn that follows a high-profile uplisting. A Bigger Picture On Holdings SOL Strategies has been built as a Solana-focused treasury and operational group. It runs validators, takes part in staking, and invests in projects inside the Solana ecosystem. The company’s holding size puts it among notable North American SOL treasuries, though some peers hold far more. For example, coverage shows Upexi Inc. holds about 1.9 million SOL, which was valued at roughly $319 million, while DeFi Development Corp holds about 1.18 million SOL, worth about $198 million at market rates cited in reports. Market Reaction And Investor Interest According to market coverage, the Nasdaq listing gave SOL Strategies fresh visibility and attracted both retail traders and institutional curiosity. The share-price swings were large enough to draw headlines, and trading volume spiked as investors weighed the risks and rewards of a treasury-backed crypto firm now trading on a major US exchange. Some traders treated STKE as a way to get indirect exposure to SOL, while others saw it as a pure equity play in a niche operator. Related Reading: Bitcoin Jumps Past $114K As Markets Eye Fed Easing After PPI Report Regulatory And Competitive Issues SOL Strategies is smaller than several competitors, raising questions about scale and sustainability if SOL volatility returns. Regulators and market watchers will likely keep a close eye on how crypto treasuries are presented to investors, and on disclosures about staking, validator income, and treasury management. Featured image from Google Images, chart from TradingView
Ethereum continues to show remarkable resilience, with demand leaving its mark even as price action remains sideways. ETH has been consolidating in a narrow range, mirroring the broader market where Bitcoin trades cautiously and altcoins display selective strength. Yet behind the scenes, institutional interest in Ethereum is quietly building, setting the stage for what could be the next major move. According to fresh data from Lookonchain, SharpLink recently transferred $379 million USDC to Galaxy Digital, capital that may be allocated toward purchasing more ETH. This transfer underscores a growing trend: institutional players are not shying away from Ethereum, even amid volatility and macroeconomic uncertainty. Instead, they are positioning themselves for what could be a decisive breakout once the current consolidation phase resolves. SharpLink Gaming is among the first Nasdaq-listed companies to design a treasury strategy centered on ETH, marking a significant milestone in corporate adoption. By treating Ethereum as a strategic reserve asset, it reinforces the idea that ETH’s role extends well beyond speculative trading into long-term institutional portfolios. Related Reading: Bitcoin Mining Difficulty Keeps Rising Despite Price Volatility – Details With consolidation tightening and institutional inflows accelerating, the coming weeks may prove critical. Many investors expect a massive surge for Ethereum once the current sideways structure breaks, potentially marking the start of its next major rally. SharpLink Expands Ethereum Treasury SharpLink has officially announced that its total Ethereum holdings climbed to 837,200 ETH as of August 31, 2025, solidifying its role as one of the largest corporate holders of the asset. The company continues to pursue its ETH-focused treasury strategy aggressively, with notable activity reported in the week ending August 31. During that week, SharpLink purchased an additional 39,008 ETH, bringing its cumulative balance to new heights. These acquisitions were financed through $46.6 million in net proceeds raised via the company’s at-the-market (ATM) facility, demonstrating its ongoing ability to secure fresh capital for strategic allocations. Importantly, the average purchase price for the week’s ETH acquisitions stood at $4,531, reflecting the company’s confidence in buying at elevated levels as Ethereum consolidates near all-time highs. This accumulation has elevated SharpLink to the position of the second-largest ETH treasury holding company, trailing only BitMine. BitMine currently holds more than 2 million ETH, valued at approximately $9.2 billion. Together, these treasury allocations highlight how major institutions are increasingly adopting Ethereum not only as a speculative asset but also as a long-term strategic reserve. By expanding its ETH holdings so aggressively, SharpLink is sending a clear signal to the market: Ethereum’s role in corporate treasuries is no longer theoretical. As adoption grows, such moves could prove pivotal in reinforcing ETH’s status as a core asset in the global digital economy. ETH Analysis: Trading Sideways Ethereum is trading at $4,436, showing a 2% daily gain as the price begins to emerge from a prolonged consolidation phase. The 12-hour chart highlights that ETH has been moving sideways for much of September, holding firmly above $4,200 support. Now, momentum appears to be picking up as the price tests resistance around $4,450. The 50 SMA at $4,407 is now acting as immediate support, while the 100 SMA at $4,182 provides a stronger cushion below. The 200 SMA, sitting at $3,460, remains well beneath the current range, confirming that ETH’s broader bullish structure is intact. As long as Ethereum maintains levels above $4,200, the technical setup favors continuation to the upside. For bulls, the next critical test lies in reclaiming $4,600, a level that has repeatedly capped rallies in recent weeks. A decisive breakout above this resistance would set the stage for ETH to retest the $4,800–$5,000 zone, potentially marking the start of a stronger bullish leg. Featured image from Dall-E, chart from TradingView
Bitcoin shows mixed signals as exchange flows hint rallies while NVT and S2F warn corrections.
Consensys founder Joseph Lubin addressed concerns from LINEA token holders after a recent 20% decline.
XRP is clinging to fragile support at $3, with technical indicators suggesting the asset has reached a critical juncture that could push it in either direction. According to cryptocurrency analyst Ali Martinez, XRP faces two potential scenarios that will shape its short-term trajectory. In an X post on September 11, Martinez noted that a break above the $3.05 resistance could spark a bullish surge toward $3.60. Alternatively, a pullback to $2.80 followed by a rebound through $2.90 could also set the stage for a rally toward the same $3.60 target. XRP price analysis chart. Source: TradingView Currently, XRP is pressing against a descending trendline that has capped rallies since late July. Fibonacci retracement levels also highlight $3.05 as a major resistance, while $2.80 remains a strong support. These levels now serve as pivotal points for traders gauging the next significant move. If bulls manage a breakout, XRP could escape its prolonged downtrend and test multi-month highs. Failure to hold support, however, may trigger a bearish trap before any recovery attempt. Notably, XRP is trading in step with the broader market as investors anticipate the possible rollout of a spot exchange-traded fund ( EFT ), which could attract institutional inflows. At the same time, retail interest is also rising, with CoinGlass data showing XRP futures open interest averaging $8.15 billion on September 11, up from $7.37 billion on Sunday. This surge in open interest reflects growing conviction in XRP’s ability to sustain its recovery. XRP price analysis At press time, the token was trading at $3.03, up more than 1% on the day and over 8% on the week. XRP seven-day price chart. Source: Finbold At current levels, XRP hovers around its 50-day simple moving average ( SMA ) of $3.02 and comfortably above the 200-day SMA of $2.52, signaling medium-term bullish momentum. Meanwhile, the 14-day RSI at 53.51 points to a neutral stance, with no signs of overbought or oversold conditions. Featured image via Shutterstock The post XRP just entered a major crossroad; Will bulls or bears win? appeared first on Finbold .
A Chinese government-backed article has urged greater international coordination on stablecoin regulation, warning that fragmented oversight is failing to keep up with rising global adoption. Key Takeaways: Recommendations include third-party audits, real-time reserve verification, and code-level regulatory embedding. Domestic concerns include scams targeting inexperienced users and the need for national-level financial literacy programs. China has indicated interest in contributing to global frameworks for stablecoin governance beyond its own licensing system. The article was published in Study Times and written by Han Weili, associate dean at Fudan University’s School of Software. Han called stablecoins a fast-expanding financial tool facing urgent challenges in transparency, cross-border compliance, and user protection. Proposing a Global Regulatory Network “Stablecoins operate globally, but most regulatory systems remain domestic and isolated,” Han wrote. The article separates stablecoins into three categories: fiat-collateralized, on-chain-collateralized, and algorithmic. Each model carries distinct technical and legal risks, especially when issuers are not subject to uniform licensing or reserve disclosure rules. Han stressed that trust in stablecoins comes from multiple layers: the peg mechanism, the verifiability of reserve assets, and enforceable regulation. While blockchain infrastructure allows transparent transactions and auditable smart contracts, he said, this is not enough to ensure accountability. “Technology enables visibility, but legal and institutional safeguards determine credibility,” he wrote. @GoldmanSachs stablecoin market analysis projects massive expansion, with USDC set for $77B growth by 2027. #Stablecoins #Tether #USDC https://t.co/7gOPujbt3y — Cryptonews.com (@cryptonews) August 20, 2025 The article called for establishing real-time reserve verification and audit frameworks, with third-party oversight to enforce consistency across jurisdictions. Han also proposed embedding regulatory constraints directly into smart contract code to ensure automated compliance. Domestic and International Drawbacks of Stablecoins Domestically, the article raised concerns about scams targeting new users unfamiliar with digital assets. It urged authorities to expand public education on digital finance and integrate stablecoin risks into national financial literacy programs. Han said global stablecoin supply could grow from hundreds of billions to several trillion dollars as use cases expand into payments, trade, and tokenized assets. Without coordinated rules and shared infrastructure, regulators may face persistent blind spots. “Only through joint supervision and system-level alignment can stablecoins develop in a way that supports both innovation and security,” he wrote. Several countries have launched regulatory pilots, but no unified mechanism exists to track stablecoin flows across borders. Without common standards, national rules may remain fragmented and reactive. For a shared infrastructure, future coordination may require treating parts of the stablecoin system, such as reserve disclosures or contract auditability. That could prompt cross-border frameworks similar to those used in banking or trade compliance. The post China Backs Coordinated Stablecoin Supervision – Code-Level Compliance and Third-Party Audits appeared first on Cryptonews .
Crypto market today: key points. XRP derivatives see a rare 3,042% short-side liquidation imbalance. Shiba Inu flowing away from exchanges. DOGE price warning comes as first Dogecoin ETF in US nears debut.