The SEC has delayed its decision on the Grayscale Cardano ETF to October 26, 2025, but approval odds remain strong: market estimates place approval between 75–87%, reflecting continued investor confidence
A dismissal with prejudice means that the plaintiffs can’t amend the complaint and refile the suit, according to the general counsel for Duoro Labs.
Amplify’s XRP options ETF is a covered-call product that holds ETFs tracking XRP spot prices and sells call options (typically up to ~10% above market) to generate income. It does
FinCEN on Thursday put banks and other financial firms on notice about a sprawling set of Chinese crypto and money laundering networks, saying they play a major role in moving illicit funds tied to Mexico-based drug cartels and other crimes. According to the Treasury agency, the warning comes with both an Advisory and a Financial Trend Analysis that outline how the networks work and where banks should look for trouble. Large Numbers And Red Flags FinCEN reviewed 137,153 Bank Secrecy Act reports filed between January 2020 and December 2024, linked to suspected activity by these networks. Those filings covered about $312 billion in suspicious transactions. Banks also flagged 17,389 reports tied to the real estate sector, representing more than $53.7 billion in suspected activity. The agency says those figures show the problem is widespread and touches many parts of the US financial system. FinCEN has issued an Advisory and Financial Trend Analysis raising the alarm on Chinese money laundering networks, which pose a significant threat to the U.S. financial system. https://t.co/QejJmzQaYw — Financial Crimes Enforcement Network (FinCEN) (@FinCENnews) August 28, 2025 The Cartel–China Connection Reports have disclosed a practical arrangement: Mexico-based cartels need to get rid of large amounts of US dollars they cannot easily move through Mexican banks, while some Chinese citizens want dollars to get money out of China. That gap creates a market. Networks buy illicit dollars from cartels and sell them to buyers in China, often using social media posts, personal networks, or informal channels. Trade-based schemes, mirror transactions, and money laundering mule operations are commonly used to cover the tracks. Crypto & Links To Other Crimes FinCEN’s analysis ties these networks to more than drug money. Financial institutions filed 1,675 reports that may involve human trafficking or human smuggling. Another 43 reports, totaling about $766 million, referenced 83 adult and senior day care centers with New York addresses. There were 108 reports tied to suspected health care fraud, elder abuse, or questionable gaming activity. These numbers suggest the networks help move proceeds from a range of criminal schemes, not just narcotics. Insiders, Fake Documents, And Complex Deals Investigators flagged cases where insiders at financial firms appeared to help or where networks used counterfeit Chinese passports to open accounts. Layered transactions and shell companies were used to hide the source of funds. Some participants may be unwitting. In many cases, the same methods that hide dollar flows also make it hard for banks to spot the crime until it is advanced. Is Crypto The Villain? Crypto has traditionally been labeled as the bad guy in money laundering discussions, yet the statistics say otherwise. With $312 billion in suspicious transactions reported through banks and mainstream institutions, the magnitude of dirty money within mainstream finance far outweighs what moves through cryptocurrencies. Critics argue that the spotlight on crypto is unnecessary when greater danger lurks in plain sight within the banking system. Featured image from ABA Bankiing Journal, chart from TradingView
Ethereum has become the backbone of innovation in the digital asset space, serving as the foundation on which nearly every transformative trend in crypto is built. As adoption accelerates and new technologies converge, Ethereum’s role as the essential infrastructure is powering the future of global digital assets. Ethereum As The Digital Asset Operating System Of The Future In the rapidly evolving digital asset landscape, one concept remains clear that every major trend eventually finds its foundation on Ethereum. According to SharpLink Gaming’s post on X, ETH is not just another digital asset, but rather the reserve asset of the on-chain economy, which is a cornerstone that underpins the digital financial system of the future. Related Reading: Ethereum Is Positioned As The Backbone Of AI-Powered Finance, Here’s Why By strategically holding and compounding ETH on behalf of our stockholders, SharpLink is not simply investing in a token, but investing in the future of finance itself. This conviction reflects the company’s belief that Ethereum’s network effects will only strengthen, making ETH the backbone of digital markets for years to come. Being the reserve asset of the on-chain economy, ETH might attract significant usage, which is likely to bolster its price in the near future. Analyst Daan Crypto Trades has revealed that Ethereum recently swept past its 2021 all-time high but faced a rejection. This is a normal occurrence in crypto markets, as all-time high breaks are often messy, involving significant shakeouts. Many traders attempt to position themselves ahead of a breakout, anticipating the next phase of price discovery. However, this move often results in those trading long positions being flushed out, forcing the participants to exit the market in frustration. Daan emphasizes the importance of weekly closes above the prior all-time high. Such closes are critical, as they provide stronger confirmation that a genuine breakout is underway, which signals a sustainable move rather than a temporary spike. Until then, volatility and temporary pullbacks are part of the market’s behavior during price discovery. Accumulation Strategies For Strategic Investors Ethereum may be facing bearish pressure, but Ted has noted that the altcoin is on track to reach $10,000 in this cycle. However, before the surge to that milestone kicks off, a short-term correction may be imminent. Historically, September has often acted as a pause or pullback month in the crypto market, creating ideal opportunities for accumulation. Related Reading: Ethereum Price Breakout Sets Stage For Rally Toward $5,400 – Analyst Ted sees this as a strategic moment for investors to position themselves ahead of a potential major surge in Q4 2025. However, the scenario could shift dramatically if Ethereum experiences a green September. Such strength would signal overwhelming momentum and potentially trigger a series of consecutive bullish moves in the months ahead, with the $10,000 target in sight. Featured image from Getty Images, chart from Tradingview.com
Pyth Network's smaller market cap may be just one of the factors in question here.
The S&P 500 lost steam Friday, falling 0.64% to close at 6,460.26, but still nailed its fourth straight monthly gain. The dip came as traders pulled cash off the table before the long weekend, after the index hit a record close above 6,500 on Thursday. This red finish didn’t erase the broader momentum that’s been building for months. The drop followed new inflation data and came after a week of strong earnings, especially from Nvidia. The Nasdaq Composite dropped 1.15% to 21,455.55, while the Dow Jones Industrial Average shed 92.02 points, or 0.20%, ending at 45,544.88. According to CNBC, investors trimmed positions heading into September, a month that has a long history of punishing equity bulls. Nvidia stumbles, Alibaba jumps, and Trump tariffs rattle sentiment Nvidia fell more than 3%, extending losses despite strong earnings reported Thursday. The company posted 56% revenue growth last quarter, reinforcing its role in the AI-fueled rally. But a report from the Wall Street Journal said Alibaba developed a more advanced chip, intensifying China’s competition just as Nvidia’s U.S. export issues worsened. Alibaba’s U.S.-listed shares surged about 13%. The retreat in stocks wasn’t just about chips. Core PCE, the inflation reading the Federal Reserve tracks most closely, rose 2.9% in July. That was in line with estimates, but still marked an uptick from the previous month and the highest since February. The data wasn’t a surprise, but it added to market jitters. The Fed is still walking the line between growth and inflation, and this latest reading keeps rate path uncertainty alive. Ross Mayfield, investment strategist at Baird, told CNBC, “The PCE number was fine, but there’s a bit of an earnings overhang and maybe just a little profit-taking after hitting an all-time high.” Stocks had already been under pressure before the inflation release, making the move feel more technical than panic-driven. The selling didn’t stop the indexes from logging gains for August. The Dow advanced over 3%, the S&P 500 climbed nearly 2%, and the Nasdaq added 1.6%. But traders now face a rough calendar. Since 1950, September has been the worst-performing month for the S&P 500, Dow, and Nasdaq. Over the last decade, the S&P 500 has averaged a 0.7% decline in September, data from Bespoke and The Stock Trader’s Almanac shows. Caterpillar warns on Trump’s tariffs as gold spikes above $3,400 On Friday, Caterpillar warned it could lose between $1.5 billion and $1.8 billion this year due to President Donald Trump’s tariff plans, sending shares down more than 3%. Gap also said tariffs will squeeze its profit outlook. Mayfield said both updates added to the risk-off mood. Trump’s economic policies are raising alarms in sectors exposed to trade friction. At the same time, gold is ripping. Bank of America boosted its average gold price estimate for the next six years by 6%, to $3,049 per ounce, and set a short-to-medium term target of $4,000/oz. The bank didn’t move its short-term calls, still expecting $3,356 this year and $3,659 in 2026. Gold futures are already up about 31%, now near $3,473. The bank’s analysts, led by Jason Fairclough, said four things are fueling the rally: the U.S. structural deficit, inflation from deglobalization, Trump’s repeated attacks on the Fed, and rising geopolitical risks. Fairclough wrote, “In our view, conditions that have led to recent strength in gold prices look likely to persist.” Trump’s threats to undermine the Federal Reserve’s independence are raising red flags. Wall Street is worried the central bank’s ability to steer monetary policy without political interference is at risk. The bulls got their August win. September might not be as forgiving. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
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The cryptocurrency market is experiencing a surge in ETF applications. Multiple major management firms have submitted updated S-1 filings for the Spot Solana ETF to the U.S. Securities and Exchange Commission (SEC). While 21Shares, Franklin, and Canary have filed updated versions of their Spot Solana ETF filings, Grayscale has followed suit, also filing separate S-1 filings for Polkadot (DOT) and Cardano (ADA). Related News: 40-Year Analyst Peter Brandt Speaks After Market Drop: “This Altcoin Looks Very Negative” Grayscale's Spot Solana ETF application listed a management fee of 2.5%. *This is not investment advice. Continue Reading: BREAKING: Spot ETF Applications for Altcoins Are Experiencing Extremely Hot Activity Right Now – Here Are the Details
August ends with pivotal crypto developments awaiting in early September. Significant macroeconomic data and key events may influence crypto markets. Continue Reading: Upcoming Week in Crypto Markets Awaits Dynamic Shifts The post Upcoming Week in Crypto Markets Awaits Dynamic Shifts appeared first on COINTURK NEWS .