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Williams highlights data-driven policy tweaks amidst potential economic shifts. Key forecasts include GDP growth and inflation trends through 2027. Continue Reading: Fed Official Williams Stresses the Importance of Data in Upcoming Policy Decisions The post Fed Official Williams Stresses the Importance of Data in Upcoming Policy Decisions appeared first on COINTURK NEWS .
XRP’s large holder cohort, specifically addresses holding between 10 million and 100 million XRP, has shifted from accumulation in the second half of August to significant dumping at the start of September. On-chain data from analytics platform Santiment reveals a sharp reversal in holdings, both in terms of circulating supply percentage and the number of coins held by this cohort. This change raises concerns about the sustainability of XRP’s price, which has been facing rejections above $2.8, and whether September could be a bearish month for the token. XRP Millionaires Start September With A Selloff XRP millionaire wallets, which are addresses holding between 10 million and 100 million XRP coins, aggressively increased their holdings during the second half of August. Based on the current price of XRP, each of these addresses is sitting on $28 million and $280 million worth of XRP, depending on the size of their wallets. Related Reading: Analyst Says XRP Price Is Yet To Hit Its First Bearish Target – Details Particularly, Santiment’s data shows that the percentage of XRP supply held by these addresses rose from 11.67% on August 16 to 12.19% by the end of the month. In terms of numbers, their stash grew from about 7.5 billion XRP coins to 7.85 billion XRP. This surge in accumulation showed the confidence among large investors, which contributed to XRP successfully holding above the $3 price level throughout the month. However, September has opened with an abrupt reversal. On September 1, whale holdings accounted for 12.19% of the circulating supply, but by September 3, that figure had dropped to 11.77%. In coin terms, the balance fell from 7.85 billion XRP to 7.61 billion XRP, wiping out much of the late August accumulation in just a few days. This decline is clearly illustrated in Santiment’s chart below, which shows a synchronized dip in both percentage supply and absolute holdings. This rapid offloading means that these millionaire wallets may be taking profits after August’s rally, and it introduces downside pressure that could have effects on XRP’s price action throughout September. Could This Mean A Red September For XRP? September has been a mixed month for XRP, with both strong rallies and painful corrections shaping investor sentiment. According to data from CryptoRank, the last time XRP saw a red September was back in 2021, when it fell sharply by 20.1%. Since then, however, XRP has managed to string together three consecutive green Septembers, including a 46.2% increase in September 2022. Related Reading: XRP Price Gets $20 Target: The 2 Scenarios That Could Play Out From Here This track record shows that while September has the potential to bring losses, it has also been highlighted by gains. Although it is too early to declare a repeat scenario of a red September, the sell-off from millionaires at the beginning of September sets a worrying precedent. XRP’s price action is already showing signs of strain, with the token repeatedly facing rejections above $2.8 in recent days. If these millionaire wallets continue to offload their holdings, the bullish sentiment surrounding XRP may weaken, which may lead to further declines. At the time of writing, XRP is trading at $2.82, up by 0.2% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com
Japan is preparing to bring cryptocurrencies under the umbrella of its Financial Instruments and Exchange Act (FIEA), signaling the most sweeping regulatory overhaul of the sector since the country became an early adopter of crypto trading. Officials say the move aims to close legal loopholes, strengthen investor protection, and crack down on unregistered operators that have proliferated across the market. Retail Investors Drive Japan’s Crypto Market, Prompting Call for Safeguards According to a discussion paper released by the Financial Services Agency (FSA) on Tuesday, authorities argue that the investment nature of crypto assets aligns closely with challenges traditionally addressed under the Financial Instruments and Exchange Act (FIEA). The agency suggests leveraging disclosure rules, enforcement powers, and investor protection mechanisms under the securities framework to regulate digital assets. According to data from Japan’s Financial Services Agency (FSA), domestic crypto exchanges now manage more than 12 million accounts, with client deposits exceeding ¥5 trillion ($34 billion). Yet, more than 80% of accounts hold less than ¥100,000 ($670), highlighting a retail-heavy market with small-scale investors most exposed to fraud and poor disclosure. Surveys show that 7.3% of Japanese investors hold cryptocurrencies, a higher share than those who invest in FX or corporate bonds. Around 70% of crypto investors earn under ¥7 million ($46,000) annually, while 86% say they trade with hopes of long-term price appreciation. Officials argue that this demographic tilt makes stronger safeguards urgent. Under current rules, crypto exchanges operate mainly under the Payment Services Act, which regulates settlement and custody but does not impose issuer disclosure requirements. Regulators warn that white papers and project documents often contain vague or misleading information, with frequent gaps between published claims and actual code. By folding digital assets into securities law, the government seeks to impose standardized disclosure, curb insider trading, and extend penalties already used in equity markets. The plan would treat two categories of crypto differently. Tokens issued to raise funds for projects or businesses, such as those sold in ICOs, would be subject to strict issuer disclosure rules. In contrast, decentralized assets like Bitcoin and Ether, which lack a central issuer, would fall under exchange-level obligations, requiring platforms to provide reliable information and flag risks. Unregistered solicitation has become a pressing concern. Authorities report a sharp rise in fraudulent promotions, including online seminars, investment “salons,” and social media groups. The FSA’s consumer hotline now receives more than 300 crypto-related complaints per month, accounting for over 10% of all financial inquiries. Cases often involve investors being lured into overseas platforms, only to face withdrawal freezes or demands for “guarantee fees.” To address such abuses, the FIEA framework would empower courts to issue emergency injunctions against unregistered operators and introduce fines of up to ¥500 million ($3.3 million) for corporations, alongside prison sentences of up to five years for individuals. Exchanges would also be required to submit transaction data to regulators, while violations such as market manipulation, spreading false information, or insider trading would trigger penalties already familiar in securities markets. Officials emphasize that the new framework will not restrict crypto’s use for payments but rather ensure that investment activity is governed by the same transparency and fairness standards as traditional securities. Japan Set to Classify Crypto as Securities Amid Global Regulatory Push Regulators worldwide are tightening oversight of digital assets, with Japan now preparing one of its most sweeping reforms yet. The International Organization of Securities Commissions (IOSCO) has urged stronger global coordination against crypto market abuse, while the European Union has implemented its Markets in Crypto-Assets (MiCA) regulation. In the U.S., regulators are expanding authority following the approval of spot Bitcoin ETFs, and the Commodity Futures Trading Commission (CFTC) recently launched a new “crypto sprint” to shape federal oversight . The US CFTC has launched its next 'Crypto Sprint,' a four-phased series of rulemaking agenda, this time focused on stakeholder engagement. #CFTC #CryptoSprint #ProjectCrypto https://t.co/aXUwAe0pQn — Cryptonews.com (@cryptonews) August 22, 2025 Elsewhere, governments are taking diverse approaches. In June, the Central Bank of Bahrain introduced the region’s first stablecoin framework , requiring issuers to maintain 1:1 reserves backed by liquid assets and to obtain licenses before operating. The following month, Pakistan established its Virtual Assets Regulatory Authority to license and monitor crypto firms, while Hungary went further by criminalizing unlicensed crypto activity with penalties of up to eight years in prison . Hong Kong has also rolled out a licensing regime for fiat-referenced stablecoin issuers , effective August 1. Amid these moves, Japan is preparing to amend its FIEA to classify cryptocurrencies as financial products , subjecting them to securities law. Japan has proposal to reclassify crypto as financial products and subject them to insider trading restrictions. #JapanCrypto #InsiderTradingLaws https://t.co/EUvUJt9r86 — Cryptonews.com (@cryptonews) March 31, 2025 The FSA is expected to submit a bill as early as 2026, a step that would extend insider trading restrictions and disclosure requirements already enforced in equity markets. If passed, the reforms would prohibit the use of non-public information in crypto trading and impose stricter oversight on exchanges. Until now, digital assets have operated under a parallel set of rules, with limited enforcement tools against misconduct. Issuers of fundraising tokens would face strict disclosure obligations, while exchanges would be responsible for providing accurate information on decentralized tokens. Japan is also preparing to greenlight its first yen-backed stablecoin , with fintech firm JPYC expected to launch the product later this year. Japan is preparing to roll out its first yen-backed stablecoin this autumn, with JPYC leading the charge to power remittances, payments and DeFi. #Stablecoins #Japan https://t.co/GRTjB9Pb6K — Cryptonews.com (@cryptonews) August 18, 2025 Finance Minister Katsunobu Kato has signaled support for making crypto part of diversified portfolios , provided adequate safeguards are in place. Together, the measures would mark a sharp shift in Japan’s regulatory approach, aligning it more closely with global efforts to bring digital assets under traditional financial oversight. The post Japan Moves Crypto Under Securities Law — Massive Crackdown Imminent? appeared first on Cryptonews .
Figma shares dropped by nearly 20% on Thursday, hitting their lowest level since the company’s IPO in July 2024, after reporting earnings for the first time since going public. The sharp decline dragged the stock well below its debut price, dealing a blow to what had once been hyped as one of the strongest tech IPOs in recent years. The numbers came in slightly above estimates, but they weren’t strong enough to stop the sell-off. According to the earnings report , Figma posted second-quarter revenue of $249.6 million, up 41% year-over-year, and just ahead of the $248.8 million expected by analysts tracked by LSEG. The results weren’t a surprise since the company had already shared preliminary figures more than a month earlier. But that didn’t stop the stock from collapsing. Analysts at Piper Sandler called the earnings “largely a non-event,” pointing out that the stock has been swinging wildly since its debut, when it surged 250% on the first day. Stock has lost over half its value since debut The company, headquartered in San Francisco, opened trading in July at $33 a share, then exploded to $115.50 by the end of its first day. Since then, Figma has lost more than half of that value, closing around $66.85 on Wednesday before Thursday’s crash. That brought the company’s total market capitalization down to about $27 billion. The drop was especially harsh given how big the IPO was for Silicon Valley, which had been waiting for a tech comeback after years of weak listings. The last major wave of IPOs had dried up in early 2022 when inflation and interest rates started rising fast. Looking ahead, Figma expects to make $263 million to $265 million in revenue for the third quarter. That implies about 33% growth, which would beat the analyst consensus of $256.8 million, according to LSEG, and $261.7 million from FactSet. Even with those forward-looking numbers, investors weren’t convinced. CEO Dylan Field said the company is still focused on expanding how businesses design products and engage users. “In this age of AI where it’s easier to build software than ever before, I think people are realizing that the average is not good enough, and you really have to invest in your system, your craft, your point of view,” Dylan said on the earnings call. He emphasized that Figma continues to add customers and grow within existing accounts. The platform, which lets teams design and test digital products collaboratively, showed strong expansion in its customer base. The number of paid accounts with over $10,000 in annual recurring revenue increased by 31% from last year. Larger accounts, those spending over $100,000 a year, went up by 42%. Dylan said this growth includes businesses of all sizes—from big companies to small startups—spending more on design tools. Company turns profit and commits to AI expansion This quarter, Figma recorded a profit of $28.2 million, translating to breakeven per share, compared with a loss of $827.9 million a year earlier. That previous figure had been distorted by $858.4 million in stock-based compensation expenses, which didn’t appear this time. Analysts surveyed by FactSet were expecting earnings of 9 cents per share, so while Figma technically missed on EPS, the profit was a notable shift from last year’s massive loss. Dylan said the company is leaning into AI after launching several new tools last quarter. These tools are part of a longer-term strategy to make AI a core part of product design. “We obviously believe that AI is super critical to how designer, developer workflows are going to evolve and exist moving forward,” Dylan said. “Our philosophy is that it should always be the case that as models get better, we get better.” Retention metrics also got attention. Figma posted a 129% net retention rate, which shows how much more current users are spending. That figure is down slightly from the 132% reported in Q1, suggesting a minor slowdown in upsells or renewals. This report was the company’s first official earnings release as a public company. While the revenue growth of 41% and future forecast of $1.02 billion for the full year line up with analyst expectations, Wall Street clearly wanted more. The projected 37% year-over-year growth wasn’t enough to hold investor enthusiasm, especially after the early rally that had pushed the stock to triple digits. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Key Highlights $3.6B in ETH waits for staking, highest level since Shanghai upgrade. Entry requests surpass exits for the first time since July 2025. Stakers face ~15-day wait before assets become active. Ethereum Staking Demand Surges to Record Highs The Ethereum network is experiencing a major shift in staking dynamics, with requests to enter staking now surpassing exits for the first time since July 2025. Validator queues are at their highest levels since the Shanghai upgrade in 2023, which introduced withdrawals for staked ETH. According to Validator Queue data, as of September 4, 2025, there are 826,876 ETH (≈$3.6B) waiting to be staked, compared to 815,757 ETH (≈$3.55B) in the exit queue. This marks the first time since July 22 that staking inflows have outpaced outflows, signaling renewed confidence in Ethereum’s staking ecosystem. Queues Stretch to 15 Days as Demand Rises Staking provider Everstake noted: “The surge in demand reflects the largest queues since the Shanghai upgrade, which opened up the ability to withdraw staked Ethereum.” Because of this unprecedented demand, new stakers must now wait about 15 days before their ETH becomes fully active on the network. Despite the congestion, analysts expect the total amount of staked ETH to remain relatively stable at over 36 million ETH , as entry and exit volumes are nearly balanced. Ethereum Price Remains Strong At the time of writing, Ethereum — the world’s second-largest cryptocurrency by market cap is trading at $4,352 , according to TradingView. With staking demand surging and queues at historic highs, investors see Ethereum’s staking model as a cornerstone of its long-term value proposition, combining security, liquidity, and yield for participants.
Bitcoin dips below $110,000 amid strong ETF inflows. Will institutions help BTC avoid another Red September?