Cryptocurrency markets are trading higher after lower-than-expected producer price inflation data.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$113,527.08</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,332.17</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$222.58</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.99</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2431</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001300</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 139,026 traders were liquidated in the past 24 hours for $244.78 million.  </li>



<li>In the past 24 hours, top gainers include Pump. Fun (CRYPTO: PUMP), Mantle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MNT</a>) and Avalanche (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/avax/usd">AVAX</a>).</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47593427/vivek-ramaswamys-strive-to-board-the-bitcoin-treasury-company-with-1-5-billion-raise">Vivek Ramaswamy&#8217;s Strive To Board The Bitcoin Treasury Company With $1.5 Billion Raise</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47602546/bitcoin-braces-for-fed-decision-as-polymarket-traders-bet-on-a-0-25-cut">Bitcoin Braces For Fed Decision As Polymarket Traders Bet On A 0.25% Cut</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47590941/kraken-lets-europeans-trade-tokenized-us-stocks-without-brokers-or-extra-fees">Kraken Lets Europeans Trade Tokenized US Stocks Without Brokers Or Extra Fees</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47599675/metaplanet-secures-1-45-billion-capital-raise-nets-30-million-investment-from-kindlymd-subsidiary-nakamoto">Metaplanet Secures $1.45 Billion Capital Raise, Nets $30 Million Investment From KindlyMD Subsidiary Nakamoto</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47592856/dogecoin-eyes-impressive-rally-on-doje-etf-launch-but-theres-reason-to-be-cautious">Dogecoin Eyes &#8216;Impressive Rally&#8217; On DOJE ETF Launch, But There&#8217;s Reason To Be Cautious</a></li>
</ul>



Trader Notes: Stockmoney Lizards sees Bitcoin attempting to break out of an inverted head and shoulders pattern, a setup that could fuel a strong Q4 rally.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is forming and attempting to break out of the inverted head and shoulders pattern. Q4 pump loading &#x1f503; <a href="https://t.co/B7iyE7KKWj">pic.twitter.com/B7iyE7KKWj</a>&mdash; Stockmoney Lizards (@StockmoneyL) <a href="https://twitter.com/StockmoneyL/status/1965807145930416228?ref_src=twsrc%5Etfw">September 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Matthew Hyland <a href="https://x.com/MatthewHyland_/status/1965823695311745510">pointed</a> to Bitcoin's monthly Bollinger Bands, now showing the tightest compression in 15 years, signaling the potential for a historic move.



Michael van de Poppe noted Bitcoin's break above key resistance and the 20-day MA, with cooler PPI data boosting expectations of rate cuts and setting up altcoin outperformance.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here we go, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> breaks above the crucial resistance zone and 20-Day MA. PPI is way lower than expected, which indicates that we&#39;re likely going to be seeing substantial rate cuts and a better business cycle.<a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> to outperform. <a href="https://t.co/eCBWd7su59">pic.twitter.com/eCBWd7su59</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1965841451679367548?ref_src=twsrc%5Etfw">September 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Ted Pillows <a href="https://x.com/TedPillows/status/1965839438375956850">cautioned</a> that with 88% of Bitcoin supply in profit, the market is nearing a zone that has historically triggered corrections.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47603044/bitcoin-taps-114000-following-producer-price-inflation-data-can-this-rally-continue">Bitcoin Taps $114,000 Following Producer Price Inflation Data: Can This Rally Continue?</a></li>
</ul>



Image: Shutterstock

Bitcoin Holds Near $113,000 As Ethereum, XRP, Dogecoin Extend Gains

According to a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42858673/millionaire-trader-shares-playbook-he-used-to-print-8-figure-profits-on-d-o-g-e-bonk">prominent millionaire meme coin trader</a>, the recent bounce in meme coins is just the beginning as an "explosive parabolic move is yet to come."



What Happened: Trader Unipcs <a href="https://x.com/theunipcs/status/1965782827439468727">shared</a> an update on his Fartcoin (CRYPTO: FARTCOIN) position. noting that it has been three months since his last profit and loss (PnL) post. 



Back in June, the position stood at an unrealized profit of $4.5 million, down from a peak of over $8 million.



Today, his PnL sits at around $4.3 million, which is only slightly lower than before. 



For the past few months, the PnL has largely ranged around the $4 million mark. However, this doesn't account for the nearly $933,000 already paid in funding.



Looking forward, Unipcs believes meme coins are on the verge of a parabolic rally, especially those within the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) ecosystem.



He plans to hold until his trade surpasses $10 million in value and expect that milestone will be reached soon. 



He concluded that the explosive move in meme coins hasn't happened yet, but it's coming — and conviction holders should stay the course.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47592856/dogecoin-eyes-impressive-rally-on-doje-etf-launch-but-theres-reason-to-be-cautious">Dogecoin Eyes &#8216;Impressive Rally&#8217; On DOJE ETF Launch, But There&#8217;s Reason To Be Cautious</a>



Why It Matters: Despite criticism from others urging Unipcs to take profits, the trader emphasizes his strategy which is not being a short-term or volatility-driven trader. 



Instead, he plans to focus on undervalued assets, build a thesis, and hold with conviction until that thesis plays out.



His conviction picks: Fartcoin, Useless, and Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>) &#8211; the last of which he calls his "signature trade." Notably absent from his list: Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>).



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47591426/bitcoin-ethereum-dogecoin-hold-steady-as-xrp-slips-ahead-of-ppi-data">Bitcoin, Ethereum, Dogecoin Hold Steady As XRP Slips Ahead Of PPI Data</a></li>
</ul>



Image: Shutterstock

Millionaire Trader Snubs Dogecoin, Shiba Inu But Predicts 'Explosive Parabolic Move' For Meme Coins

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on Wednesday briefly touched $114,000 following cooler-than-expected PPI data, prompting speculation about whether <a href="https://www.benzinga.com/money/bitcoin-price-prediction">this rally can extend</a>.



What Happened: Prominent analyst Kevin highlighted in an exclusive Patreon post that with PPI, CPI, and the FOMC meeting on the horizon, the focus should remain on key levels across short and long-time frames rather than overanalyzing charts.



Bitcoin's major support lies at $110,600, $107,500–$106,800, and $104,000–$100,000, with resistance at $112,775, $113.700–$114,600, $116,000, and $118,300. 



The expectation is that BTC will likely trade between $106,800–$118,300 unless CPI or FOMC surprises significantly.



If inflation is in line or cooler and the Fed remains dovish, markets could get the runway for a bullish move led by altcoins.



On higher time frames, altcoins appear poised for a rally, but a proper market-wide upside requires BTC breaking $120,000–$125,000 and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) surpassing its all-time high.



Kevin's portfolio strategies reflect caution, including profit-taking and risk-managed positions, until these levels are broken. 



PPI came in cooler than expected, setting a positive tone. The analyst says the upcoming CPI will be a more significant data point shaping the near-term market trajectory.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47599675/metaplanet-secures-1-45-billion-capital-raise-nets-30-million-investment-from-kindlymd-subsidiary-nakamoto">Metaplanet Secures $1.45 Billion Capital Raise, Nets $30 Million Investment From KindlyMD Subsidiary Nakamoto</a>



Why It Matters: TPPI data came in cold with a 0.1% month-over-month drop vs. expected growth of 0.3%. 



Annual change stands at 2.6% year-over-year compared to 3.3% forecasted.



Daan Crypto Trades noted BTC cleared liquidity above $114,000 after the PPI release and warned that CPI tomorrow will likely trigger another volatility spike.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Took out a bunch of liquidity above $114K after this cool PPI print. Tomorrow is CPI day which will undoubtedly cause another spike in volatility. <a href="https://t.co/6RBljOb5XG">https://t.co/6RBljOb5XG</a> <a href="https://t.co/HOi1SPEMJM">pic.twitter.com/HOi1SPEMJM</a>&mdash; Daan Crypto Trades (@DaanCrypto) <a href="https://twitter.com/DaanCrypto/status/1965810094320595252?ref_src=twsrc%5Etfw">September 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Coinglass data shows Bitcoin liquidations in the past 24 hours stood at $37.95 million, with short liquidations of $34.96 million as traders were forced to close their short positions amidst the sudden price spike.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47591426/bitcoin-ethereum-dogecoin-hold-steady-as-xrp-slips-ahead-of-ppi-data">Bitcoin, Ethereum, Dogecoin Hold Steady As XRP Slips Ahead Of PPI Data</a></li>
</ul>



Image: Shutterstock

Bitcoin Taps $114,000 Following Producer Price Inflation Data: Can This Rally Continue?

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) path forward hinges on the Federal Reserve's Sep. 17 decision, with markets pricing around 30 <a href="https://www.benzinga.com/markets/equities/25/09/47462115/september-effect-starts-month-with-decline-after-august-saw-5-new-all-time-highs-worst-month-for-the-market-period">basis points of easing</a>. 



What Happened: Futures point to a high probability of a quarter-point move, while odds of a larger 50 basis point cut have grown, a scenario some analysts say could propel Bitcoin closer to all-time highs.



Data from CME Group's FedWatch tool <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank" rel="noreferrer noopener">shows</a> nearly 90% probability of a 25bps reduction and roughly 10% chance of a 50bps move. 



Polymarket's $21 million prediction market <a href="https://polymarket.com/event/fed-decision-in-september?tid=1757508310522" target="_blank" rel="noreferrer noopener">suggests</a> slightly higher odds for the larger cut, with an 82% chance of a 25bps cut, while a 50bps cut has a 15% chance.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47591426/bitcoin-ethereum-dogecoin-hold-steady-as-xrp-slips-ahead-of-ppi-data">Bitcoin, Ethereum, Dogecoin Hold Steady As XRP Slips Ahead Of PPI Data</a>



Why It Matters: The backdrop has shifted sharply in recent months. 



U.S. labor figures were revised down by 911,000 jobs through March 2025, the steepest adjustment since 2009, underscoring weakening momentum. 



Inflation readings remain mixed, with core CPI at 3.1% in August and core PCE at 2.9% in July, keeping policy debates finely balanced.



Treasury markets reflect expectations of easing at the short end, while longer maturities remain anchored by term premium and fiscal dynamics.&nbsp;



Reuters polling <a href="https://www.reuters.com/business/us-treasury-curve-steepen-fed-easing-bets-fiscal-strain-2025-09-10/?utm_source=chatgpt.com" target="_blank" rel="noreferrer noopener">indicates</a> a steeper curve into year-end, with two-year yields projected near 3.40% and 10-year yields around 4.25%, creating a spread close to 85bps. 



Even after a cut, policy would sit above the Cleveland Fed's neutral estimate of 3.7%.



Upcoming data releases, such as the CPI on Sep.11 and retail sales on Sep. 16, could tilt the balance between 25bps and 50bps before the Fed convenes. 



Bitcoin briefly touched $124,000 in mid-August on easing bets, keeping traders alert to shifts in dollar direction, real yields, and Fed language next week. 



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47579927/bitcoin-to-hit-135000-by-year-end-says-katie-stockton-but-dont-mistake-it-for-gold">Bitcoin To Hit $135,000 By Year-End, Says Katie Stockton, But Don&#8217;t Mistake It For Gold</a></li>
</ul>



Image: Shutterstock

Bitcoin Braces For Fed Decision As Polymarket Traders Bet On A 0.25% Cut

Metaplanet (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTPLF#OTC">MTPLF</a>) has advanced its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) strategy with a major move to raise capital for <a href="https://www.benzinga.com/money/bitcoin-price-prediction">expanded BTC acquisitions</a> and income-generating initiatives.



What Happened: Tokyo-listed company Metaplanet has <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://contents.xj-storage.jp/xcontents/33500/5219ce75/f186/4c3e/bb8f/40abaf9f6fa4/140120250909554847.pdf">finalized</a> a $1.45 billion international share offering, with proceeds allocated primarily toward Bitcoin purchases and partially to income-generating operations.



With this raise, Metaplanet now holds 20,136 BTC (~$2.25 billion), making it the sixth-largest public corporate Bitcoin holder, surpassing Tesla and Coinbase. 



The company cited Japan's high national debt, negative real interest rates, and a weakening yen as core drivers of its Bitcoin-first strategy, launched in April 2024.



KindlyMD's Nakamoto Holdings will <a href="https://www.newswire.com/news/kindlymd-subsidiary-nakamoto-announces-30-million-investment-in-metaplanet">invest</a> $30 million in the financing, marking its first investment in an Asian public company pursuing a Bitcoin treasury strategy. 



The deal, expected to close Sep. 16–17 will help accelerate Metaplanet's BTC accumulation. 



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47591426/bitcoin-ethereum-dogecoin-hold-steady-as-xrp-slips-ahead-of-ppi-data">Bitcoin, Ethereum, Dogecoin Hold Steady As XRP Slips Ahead Of PPI Data</a>



Why It Matters: Bitcoin strategist and author Adam Livingston <a href="https://x.com/AdamBLiv/status/1965656552221606054">noted</a> that Metaplanet's Bitcoin-backed preferred's could see rapid adoption in Japan's yield-starved market, where households hold about ¥1,120 trillion ($7.6 trillion) in cash and deposits, roughly 51% of assets versus 11.5% in the U.S.



Even a 0.1%–1% reallocation could unleash $7 trillion of demand, dwarfing typical corporate issuance sizes. 



By directly channelling capital into BTC, Metaplanet strengthens its collateral base while avoiding convertible bond dilution.



Its options income strategy further supports dividend potential, reinforcing its appeal to Japanese investors seeking alternatives to stagnant cash holdings.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47579927/bitcoin-to-hit-135000-by-year-end-says-katie-stockton-but-dont-mistake-it-for-gold">Bitcoin To Hit $135,000 By Year-End, Says Katie Stockton, But Don&#8217;t Mistake It For Gold</a></li>
</ul>



Image: Shutterstock

Metaplanet Secures $1.45 Billion Capital Raise, Nets $30 Million Investment From KindlyMD Subsidiary Nakamoto

The trading industry is evolving quickly in 2025. Retail-facing proprietary trading firms have opened doors for ambitious traders who want to access larger capital pools, while the cryptocurrency market appears to be gearing up for another potential bull run. These dynamics overlap in important ways: both rely on risk discipline, technological innovation, and the ability to capture momentum in fast-moving markets.



The Rise of Proprietary Trading Ecosystems



Proprietary trading is no longer a niche corner of finance. From legacy players like FTMO and Topstep to newer entrants such as NeomAAA, the sector is attracting a global wave of traders who want capital access without tying up their own savings.



This reflects a wider trend: prop firms are shifting from simple evaluation models into comprehensive trading ecosystems.



FTMO has become the benchmark in the space with its two-step "challenge" process and payouts that scale with consistency. Topstep, meanwhile, has carved out a strong niche in futures trading, offering exchange-traded contracts through its Trading Combine program. Other firms like The 5%ers, <a href="https://www.surge-trader.ltd/">SurgeTrader</a>, and Fidelcrest are experimenting with one-step challenges, instant funding options, or specialized asset coverage, making the market more competitive than ever.



Together, these players are shaping a multi-billion-dollar industry that is increasingly international and diverse in its offerings.



Key Market Trends in 2025



The backdrop for prop traders is a crypto market in transition. Institutional adoption is rising, decentralized finance (DeFi) is expanding, and new narratives – from AI-linked tokens to Layer-2 scaling solutions – are capturing attention.



<ul class="wp-block-list">
<li>DeFi innovation: Platforms are rolling out structured lending, derivatives, and automated asset management, all without centralized intermediaries.</li>



<li>Institutional adoption of crypto as treasury assets: More companies and funds are using digital assets to diversify balance sheets, often starting with Bitcoin and Ethereum but branching into stablecoins and DeFi exposure.</li>



<li>Stablecoin growth: As enterprises seek less volatile options for payments, stablecoin adoption is expected to surge, reinforcing their role as the transactional backbone of crypto commerce.</li>
</ul>



Cryptocurrencies Best Positioned to Boom







While hundreds of tokens compete for attention, three projects stand out for 2025: Ethereum, Cardano, and Solana.







<ul class="wp-block-list">
<li>Ethereum (ETH): With ongoing upgrades after the Ethereum 2.0 transition, Ethereum is strengthening its scalability and security while maintaining its dominance in DeFi and NFTs. Its thriving Layer-2 ecosystem could be a catalyst for wider adoption. </li>



<li>Cardano (ADA): Known for its careful, research-driven development and energy-efficient proof-of-stake model, Cardano is attracting developers in regions focused on inclusive finance. </li>



<li>Solana (SOL): Its high throughput and low transaction costs continue to make it attractive for DeFi protocols and Web3 gaming, especially as developers return after infrastructure improvements. </li>
</ul>



"Traders in 2025 are looking at more than just Bitcoin dominance," Diego Loyola, COO of NeomAAA states. "They want exposure to ecosystems that can handle volume, offer low fees, and have developer momentum. Ethereum, Cardano, and Solana fit that profile."



What a 2025 Bull Run Could Look Like



If past cycles are any guide, a new bull market would likely start with capital rotation into Bitcoin and Ethereum before spreading to altcoins. The ingredients are familiar: media attention and public FOMO (fear of missing out); speculative flows from new retail entrants; profit-taking volatility as prices lurch upward in waves. 



"We expect rapid price increases driven by enthusiasm, but volatility will remain a constant," Loyola notes. "The traders who survive are those who can manage drawdowns and stick to disciplined plans, not those chasing every spike."



The Bottom Line



Proprietary trading firms and the crypto market are converging around a simple reality: capital is abundant for those who can prove skill and discipline. From established giants like FTMO and Topstep to fast-growing ecosystems like NeomAAA, the space is evolving rapidly. Meanwhile, Ethereum, Cardano, and Solana remain well-positioned to lead the next crypto bull run.



For traders, the final quarter of 2025 offers opportunity – but also risk. Whether through a prop firm or independent accounts, success will depend on combining disciplined strategies with a sharp focus on the narratives driving digital assets.



Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

What Traders Should Watch Heading Into The Last Quarter Of 2025

Asset Entities Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) on Wednesday announced it has approved the company's merger with <a href="https://www.benzinga.com/markets/equities/25/09/47588191/asset-entities-stock-trends-soars-52-on-strive-merger-approval-another-bitcoin-treasury-company-in-the-making">Vivek Ramaswamy's Strive</a>.



This paves the way for the launch of Strive, Inc., which will become the first publicly traded asset management firm structured as a Bitcoin treasury company.



The newly formed Strive plans to raise $750 million through a private placement financing (PIPE) at the close of the merger, with an additional $750 million potentially available from warrant exercises, the company&nbsp;<a href="https://www.globenewswire.com/news-release/2025/09/09/3147361/0/en/Asset-Entities-Shareholders-Approve-Merger-with-Strive.html" target="_blank" rel="noreferrer noopener">announced</a>.



Combined, the $1.5 billion raise would directly fund Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) purchases, positioning the company among the largest corporate holders of the cryptocurrency.



The company will continue trading on Nasdaq under the ticker symbol ASST, with&nbsp;Matt Cole&nbsp;serving as Chief Executive Officer and Chairman of the Board.&nbsp;



Arshia Sarkhani, current President and CEO of Asset Entities, will assume the role of Chief Marketing Officer and join the board.



The shareholder approval comes as corporate treasuries increasingly adopt Bitcoin as a reserve asset.&nbsp;



<a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">According</a> to BitcoinTreasuries.net, Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) leads the rankings with 638,460 BTC, valued at more than $70 billion at current prices. 



Other major public holders include MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) (52,477 BTC), XXI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEP#NASDAQ">CEP</a>) (43,514 BTC), Bitcoin Standard Treasury Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSTR#NASDAQ">BSTR</a>) (30,021 BTC), and Bullish (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLSH#NASDAQ">BLSH</a>) (24,000 BTC).



In comparison, Strive's planned $1.5 billion allocation, depending on execution and market prices, could push the company into the upper tier of publicly listed Bitcoin treasuries shortly after launch.



The approval marks a significant milestone in Strive's strategy to build a Bitcoin-focused asset manager.&nbsp;



"This shareholder approval is a defining moment in our mission to build a world-class Bitcoin Treasury Company," said Matt Cole, Strive's incoming CEO.



Read Next:&nbsp;



·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <a target="_blank" rel="noreferrer noopener" href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47575098/dogecoin-rallies-14-in-1-week-ahead-of-first-dogecoin-etf-launch">Dogecoin Rallies 14% In 1 Week Ahead Of First Dogecoin ETF Launch</a>



Image: Shutterstock

Vivek Ramaswamy's Strive To Board The Bitcoin Treasury Company With $1.5 Billion Raise

Dogecoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) is benefiting from excitement over its upcoming ETF listing, but analysts caution that gains may be subject <a href="https://www.benzinga.com/money/dogecoin-doge-price-prediction">to quick reversals</a>.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2434</td><td>&nbsp;$36.7 billion</td><td>+12.7%&nbsp;</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001304</td><td>&nbsp;$7.7 billion</td><td>+5%&nbsp;</td></tr><tr><td>Pepe</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>$0.00001054</td><td>&nbsp;$4.4 billion</td><td>+7.8%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto chart analyst Ali Martinez predicts Dogecoin's next breakout level to be $0.29, which could unlock a run toward $0.50.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dogecoin <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> next move: break $0.29 and we could be looking at a run to $0.50. <a href="https://t.co/sdqThyH6U4">pic.twitter.com/sdqThyH6U4</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1965687940912406868?ref_src=twsrc%5Etfw">September 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trader Tardigrade <a href="https://x.com/TATrader_Alan/status/1965711362828702021">observed</a> DOGE testing the upper Bollinger Band on the daily chart, a sign of strengthening momentum after prior pullbacks.



Statistics: Santiment data <a href="https://x.com/santimentfeed/status/1965276903079809413">suggests</a> the DOJE ETF will mark another milestone in meme coins' shift from internet culture to mainstream finance. 



Still, the firm notes price action may be among the most speculation-driven in crypto, with heavy crowd influence.



Whale behavior reflects mixed sentiment: DOGE initially spiked on mid-August ETF news before cooling on profit-taking, but wallets holding 1M–10M DOGE have been steadily accumulating, reaching near four-year highs ahead of the launch.



While traders expect short-term FOMO-driven rallies, history shows Dogecoin rallies often fade as hype cools. 



Still, retail and institutional demand could bring renewed speculation if the ETF launches.



Community News: The Dogecoin Foundation's corporate arm, House of Doge, <a href="https://www.globenewswire.com/fr/news-release/2025/09/09/3146943/0/en/The-Dogecoin-Foundation-s-Corporate-Arm-House-of-Doge-and-Bitstamp-by-Robinhood-Announce-Strategic-Partnership-to-Secure-and-Further-Develop-the-Official-Dogecoin-Treasury-Utility.html?f=22&amp;fvtc=5&amp;fvtv=44997439">partnered</a> with Bitstamp USA (now Bitstamp by Robinhood, (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>), naming it the official trading and custody venue for the new Dogecoin Treasury. 



The treasury, built with CleanCore Solutions, aims to bring stability and transparency to the ecosystem.



Read Next:&nbsp;



·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <a target="_blank" rel="noreferrer noopener" href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47575098/dogecoin-rallies-14-in-1-week-ahead-of-first-dogecoin-etf-launch">Dogecoin Rallies 14% In 1 Week Ahead Of First Dogecoin ETF Launch</a>



Image: Shutterstock

Dogecoin Eyes 'Impressive Rally' On DOJE ETF Launch, But There's Reason To Be Cautious

Cryptocurrency markets opened Wednesday on a cautious note, trading slightly lower ahead of the latest U.S. Producer Price Index (PPI) data release.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$112,219.37</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,325.31</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$219.19</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.96</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2399</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001289</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 136,438 traders were liquidated in the past 24 hours for $256.20 million.  </li>



<li>SoSoValue data shows net inflows of $23.05 million into spot Bitcoin ETFs on Tuesday. Spot Ethereum ET'Fs saw net inflows of $44.2 million.</li>
</ul>



Trader Notes: Ted Pillows <a href="https://x.com/TedPillows/status/1965731641734893622">said</a> BTC has slipped back into bearish consolidation, weighed down by weak spot demand and retraced pumps. He warned that hotter inflation data could push BTC to fresh monthly lows.



Michael van de Poppe added that a breakout hinges on flipping resistance into support with strong volume; otherwise, it's just pressure building for another rejection.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is today the day that we&#39;re finally going to be cracking the resistance on <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>? <a href="https://t.co/JHMSAyWXlk">pic.twitter.com/JHMSAyWXlk</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1965685927101309216?ref_src=twsrc%5Etfw">September 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



For Ethereum, Pillows <a href="https://x.com/TedPillows/status/1965680533415121084">noted </a>ETH has been range-bound for nearly two weeks, oscillating sideways between $4,500 and lower support. He advises traders to stay patient until direction is clear.



Crypto chart analyst Ali Martinez highlighted a descending triangle breakout setup. If successful, XRP could rally toward $3.60.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> breaks out of this descending triangle, the next target is $3.60. <a href="https://t.co/KdRlXLbog0">pic.twitter.com/KdRlXLbog0</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1965497686851027416?ref_src=twsrc%5Etfw">September 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



For Dogecoin, Martinez<a href="https://x.com/ali_charts/status/1965687940912406868"> flagged</a> $0.29 as a critical resistance, with a breakout paving the way toward $0.50.



Crypto trader Jelle <a href="https://x.com/CryptoJelleNL/status/1965679700719927716">sees</a> Solana as one of the strongest setups in crypto right now, calling it a "hated rally" candidate with most of the market sidelined, conditions ideal for a squeeze higher.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47579927/bitcoin-to-hit-135000-by-year-end-says-katie-stockton-but-dont-mistake-it-for-gold">Bitcoin To Hit $135,000 By Year-End, Says Katie Stockton, But Don&#8217;t Mistake It For Gold</a></li>
</ul>



Image: Shutterstock

Bitcoin, Ethereum, Dogecoin Hold Steady As XRP Slips Ahead Of PPI Data

Cryptocurrency exchange Kraken announced on Wednesday that <a target="_blank" href="https://www.benzinga.com/topic/kraken" rel="noreferrer noopener">it is launching</a> xStocks in the European Union to bypass the hurdles European investors frequently face, including excessive fees, limited access, and unnecessary complexity.



The company extended the phased global rollout of xStocks to millions of clients across the European Union, expanding on-chain exposure to many iconic U.S. stocks and ETFs.



Powered by Backed's xStocks, Kraken has enabled eligible EU-based investors to trade a growing list of tokenized representations of popular U.S.-listed equities — all available directly through the Kraken app.



Also Read: <a target="_blank" href="https://www.benzinga.com/crypto/25/07/46710622/kraken-aims-to-raise-500-million-second-largest-us-crypto-platform-eyeing-a-15-billion-valuation-report" rel="noreferrer noopener">Kraken Aims To Raise $500 Million, Second-Largest US Crypto Platform Eyeing A $15 Billion Valuation: Report</a>



This expansion builds on its recent phased launch, which made over 60 tokenized equities available to clients across 140+ countries to democratize investing and unlock a global, open, and accessible financial system.



"Expanding xStocks to the European Union was a natural next step for Kraken, given our dedicated growth strategy and market presence here. For too long, it's been unnecessarily challenging to gain exposure to U.S. markets, and with xStocks we're removing many of the barriers," said Mark Greenberg, Kraken's Global Head of Consumer.



xStocks empower EU-based clients to trade tokenized certificates by tracking the price of popular U.S. equities without relying on traditional brokers or intermediaries.



Now, clients can control assets and move freely across compatible platforms or to self-custody. The clients can use xStocks within DeFi protocols as composable financial building blocks.



They can access extended trading hours due to 24/5 availability on Kraken.



Kraken's initial launch introduced xStocks to many clients as Solana Program Library tokens deployed on the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) blockchain.



The company plans to expand xStocks token support soon to include BEP-20 Ethereum Mainnet, allowing users to interact with xStocks on two of the world's fastest, most efficient blockchain ecosystems.



These chains support high-speed, low-cost transactions and are deeply integrated with the broader Web3 ecosystem.



Over time, it will continue expanding Kraken's xStocks support to additional high-impact blockchains with thriving ecosystems, including Ink, with more to come.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/09/47494174/chinese-regulators-question-nvidia-orders-but-alibaba-and-bytedance-keep-buying" target="_blank" rel="noreferrer noopener">Chinese Regulators Question Nvidia Orders But Alibaba And ByteDance Keep Buying</a></li>
</ul>

Kraken Lets Europeans Trade Tokenized US Stocks Without Brokers Or Extra Fees

Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, said Tuesday that an &#8220;ideal&#8221; investment portfolio should have exposure to hard assets such as gold and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). 



<h2 class="wp-block-heading">Bitcoin A Hedge Against Fiat Depreciation?</h2>



During an interview with CNBC, Rieder said that gold, Bitcoin and assets that provide a &#8220;ballast&#8221; against&nbsp;potential currency depreciation should be on investors&#8217; radar.



When asked about the percentage of Bitcoin allocation in a portfolio, Rieder said that 5% seems &#8220;high&#8221; to him.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="BlackRock&#039;s Rick Rieder on markets, rates, the Fed and more" width="500" height="281" src="https://www.youtube.com/embed/c75B3o5Jvn8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



See Also:&nbsp;<a href="https://www.benzinga.com/markets/commodities/25/09/47553138/gold-beats-ai-this-miner-just-crushed-palantir-in-2025">Gold Beats AI? This Miner Just Crushed Palantir In 2025</a>



<h2 class="wp-block-heading">Is 5% Bitcoin Allocation Too High?</h2>



Rieder, who also heads BlackRock&#8217;s Global Allocation Fund, said that they have an exposure of 3 to 5% to gold.



&#8220;Gold strikes me today as a better currency hedge. Bitcoin tends to trade with the Nasdaq. So we&#8217;re running considerably lower than that in crypto,&#8221; he added. 



Notably, BlackRock, the world's largest asset management company, <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42463001/blackrock-advocates-for-2-bitcoin-allocation-in-multi-asset-portfolios">suggested 1-2%</a> as the &#8220;reasonable range&#8221; of Bitcoin allocation in multi-asset portfolios last year. Exceeding the 2% threshold, however, could disproportionately increase the portfolio's risk, the firm said.



On the other hand, billionaire hedge fund manager Ray Dalio advised investors last month to consider dedicating approximately&nbsp;<a href="https://www.benzinga.com/news/24/12/42380616/ray-dalio-reveals-his-three-step-strategy-for-success" target="_blank" rel="noreferrer noopener">15% of their portfolio to either gold or Bitcoin</a>.



<h2 class="wp-block-heading">Is Bitcoin Even &#8216;Digital Gold?&#8217;</h2>



Bitcoin, which is frequently marketed as an inflation hedge by its supporters, has behaved more like a risk-on asset this year, vulnerable to macroeconomic shocks. The apex cryptocurrency&nbsp;<a href="https://www.benzinga.com/25/04/44669943/why-is-bitcoin-down-today-trump-tariffs-spark-market-panic-as-btc-slides-below-75k" target="_blank" rel="noreferrer noopener">tumbled to $75,000</a>&nbsp;after the so-called "Libration Day," where President&nbsp;Donald Trump announced sweeping tariffs.



A <a href="https://franklintempletonprod.widen.net/s/2j96ztr5gs/btc-to-gold-correlation" target="_blank" rel="noreferrer noopener">report&nbsp;</a>by Franklin Templeton found that Bitcoin's price correlation with the Nasdaq stock index has increased dramatically over the past three years, while ruling out a "statistically significant" association between Bitcoin and gold.



Price Action: At the time of writing, BTC was exchanging hands at $112,351, down 0.52% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/insights/news/25/09/47585289/heres-how-much-1000-invested-in-blackrock-20-years-ago-would-be-worth-today">Here&#8217;s How Much $1000 Invested In BlackRock 20 Years Ago Would Be Worth Today</a></li>
</ul>



Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Photo Courtesy: Diego Thomazini on Shutterstock<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Bitcoin Belongs In An 'Ideal' Portfolio, Says BlackRock Executive, But Thinks A 5% Allocation Is High

Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) founder Charles Hoskinson said in an interview aired Tuesday that the &#8220;Magnificent Seven&#8221; tech giants could drive cryptocurrency&#8217;s next phase of growth.



<h2 class="wp-block-heading">&#8216;Mag 7&#8217; Giants Encouraged After Pro-Crypto Bills Passage</h2>



Speaking to CoinDesk, Hoskinson said that most of the liquidity remains in traditional finance and that cryptocurrency legislation such as the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46484988/us-house-passes-crucial-crypto-bills-from-sec-chair-paul-atkins-to-coinbase-ceo-brian-armstrong-heres-how-everyone-reacted">GENIUS Act and the CLARITY Act</a> will accelerate their push into blockchain-based technology.



&#8220;When you look at the Genius Act and the Clarity Act, soon to come, all the big guys are gonna come in, not just the big banks, but also the Mag 7,&#8221; he added. 



Hoskon pointed out that TradFi giants like Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google are all &#8220;experimenting&#8221; with blockchains.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; JUST IN: Charles Hoskinson warns Ethereum faces a "sleeping giant": "When Bitcoin wakes up with Bitcoin DeFi, its TVL will be hundreds of billions—larger than Ethereum's market cap. It'll have more liquidity, and sovereigns and BlackRock will be there." Full episode drops… <a href="https://t.co/FMmlFpXCgB">pic.twitter.com/FMmlFpXCgB</a>&mdash; CoinDesk (@CoinDesk) <a href="https://twitter.com/CoinDesk/status/1965233819352510540?ref_src=twsrc%5Etfw">September 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Warning Sign For Ethereum?</h2>



Hoskinson said that this could particularly become a problem for Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), currently the world&#8217;s leading decentralized finance network.



&#8220;They have no incentive to go boost Ethereum or deploy on Ethereum. They can be Ethereum adjacent or gather liquidity, but they own the users,&#8221; he argued. Instead, they could leverage their massive user base to become &#8220;king makers&#8221; of the on&nbsp;and off-ramps, acting as a mediator between traditional money and cryptocurrencies.



Hoskison, one of Ethereum&#8217;s co-founders, who left the project due to disagreement over its long-term vision, has a history of criticizing the network.



Earlier this year, he issued a grim commentary predicting that <a href="https://www.benzinga.com/markets/25/04/45047461/i-dont-think-ethereum-will-survive-more-than-10-to-15-years-cardano-founder-charles-hoskinson-says">Ethereum won&#8217;t survive more than 10 to 15 years</a>.



See Also:&nbsp;<a href="https://benzinga.com/news/25/09/47587522/qmmm-stock-popped-1736-on-crypto-treasury-bet-involving-bitcoin-ethereum-and-solana-but-rally-cools-after-hours" target="_blank" rel="noreferrer noopener">QMMM Stock Popped 1736% On Crypto Treasury Bet Involving Bitcoin, Ethereum And Solana, But Rally Cools After Hours </a>



<h2 class="wp-block-heading">Blockchain Initiatives By Google, Amazon</h2>



Hoskinson&#8217;s remarks come in the wake of a sustained push by top tech companies to integrate blockchain technology into their operations.



Alphabet is preparing to&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47388590/alphabets-2026-google-cloud-universal-ledger-could-rival-ripples-xrp-ledger-heres-what-we-know">enter blockchain finance</a>&nbsp;with the commercial launch of Google Cloud Universal Ledger in 2026, a platform mirroring the capabilities of Ripple Labs&#8217; XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) Ledger. 



Reports also emerged that Amazon was considering the possibility of<a href="https://www.benzinga.com/crypto/25/06/45923585/walmart-amazon-eye-stablecoin-adoption-in-a-potential-shift-from-traditional-currencies-report"> issuing its own stablecoin</a>.



Price Action: Roundhill Magnificent Seven ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>), which provides equal-weight exposure to the "Mag 7" stocks, closed 0.73% lower at $61.72&nbsp;on Tuesday.



The Alphabet Stock exhibited a high Momentum and Growth score as of this writing. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to discover similar metrics across the other &#8216;Mag 7&#8217; firms. 



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="452" height="202" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/10032907/image-143.png" alt="" class="wp-image-1064109" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/10032907/image-143.png 452w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/10032907/image-143-300x134.png 300w" sizes="(max-width: 452px) 100vw, 452px" /></a></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/earnings/25/09/47583004/gamestop-q2-earnings-double-beat-special-dividend-528-million-in-bitcoin-holdings">GameStop Q2 Earnings: Double Beat, Special Dividend, $528 Million In Bitcoin Holdings</a></li>
</ul>



Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Photo: Shutterstock<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Ethereum Co-Founder Charles Hoskinson Sees 'Mag 7' Giants Like Amazon, Google As Next 'King Makers' In Crypto

QMMM Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMMM#NASDAQ">QMMM</a>) shares plunged in Tuesday's after-hours trading, but not before a stunning rally during the regular trading session.



QMMM is testing upper boundaries. <a href="https://www.benzinga.com/quote/QMMM">Stay ahead of the curve here</a>.



<h2 class="wp-block-heading">QMMM Erupts After Crypto Expansion Announcement</h2>



The stock fell nearly 60%, reversing the gains from the earlier rally, which brought it as high as $303 at one time, marking an eye-popping gain of 2588.55%. At Tuesday's close, QMMM Holdings was valued at $11.84 billion.



The Hong Kong-based digital media and virtual apparel company announced <a href="https://www.benzinga.com/trading-ideas/movers/25/09/47575909/qmmm-stock-soars-after-announcing-100m-crypto-treasury">plans to establish a cryptocurrency treasury</a> with an initial size of $100 million, targeting Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>).



QMMM Holdings also outlined plans for a <a href="https://www.benzinga.com/trading-ideas/movers/25/09/47575909/qmmm-stock-soars-after-announcing-100m-crypto-treasury">&#8220;crypto-autonomous ecosystem</a>,&#8221; which would combine artificial intelligence and blockchain technologies.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47579927/bitcoin-to-hit-135000-by-year-end-says-katie-stockton-but-dont-mistake-it-for-gold">Bitcoin To Hit $135,000 By Year-End, Says Katie Stockton, But Don&#8217;t Mistake It For Gold&nbsp;</a>



<h2 class="wp-block-heading">The Unrelenting Wave Of Crypto Treasury</h2>



QMMM&#8217;s arrival is the latest in a line of <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47563991/this-stock-soared-3000-after-adopting-world-token-as-treasury-reserve-asset-naming-dan-ives-as-chairman">similar initiatives</a> taken by under-the-radar companies to capitalize on the volatility of digital assets by adding them to balance sheets.



Michael Saylor&#8217;s Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holding company Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) popularized this approach, which has since spread to most top cryptocurrencies.



Price Action: QMMM shares plummeted 59.23% in after-hours trading after closing 1736.73% higher at $207 during the regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the stock is up by 16,071.88%.



As of this writing, the stock exhibited a very high Momentum score. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to see how it compares with Strategy, the company with the largest cryptocurrency treasury.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="442" height="198" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/10013510/image-138.png" alt="" class="wp-image-1063870" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/10013510/image-138.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/10013510/image-138-300x134.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></figure>



Photo Courtesy: Bukhta Yurii On Shutterstock.com



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QMMM Stock Popped 1736% On Crypto Treasury Bet Involving Bitcoin, Ethereum And Solana, But Rally Cools After Hours

Cryptocurrency bettors substantially raised the odds that the U.S. and India would reach a tariff agreement in September, after President Donald Trump and Indian Prime Minister Narendra Modi expressed optimism about trade negotiations on Tuesday.



<h2 class="wp-block-heading">US-India Trade Deal On The Way?</h2>



Trump said via his official Truth Social account that the two countries are negotiating "to address the trade barriers."



"I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries," Trump said.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="732" height="323" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/10001018/image-135.png" alt="Post from Donald Trump's Truth Social account" class="wp-image-1063713" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/10001018/image-135.png 732w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/10001018/image-135-300x132.png 300w" sizes="(max-width: 732px) 100vw, 732px" /></figure>



Screenshot from Donald Trump&#8217;s Truth Social Account



Modi echoed the optimism in an X post a few hours later, stating that teams are working to conclude trade negotiations "at the earliest." He also said that he will be speaking with Trump.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/markets/macro-economic-events/25/09/47586789/trump-tariffs-face-legal-reckoning-as-supreme-court-grants-expedited-hearing">Trump Tariffs Face Legal Reckoning As Supreme Court Grants Expedited Hearing</a>



<h2 class="wp-block-heading">Polymarket Odds Spike</h2>



The remarks triggered a 9% jump in Polymarket odds of the U.S. reaching a tariff agreement with the South Asian country. The overall probability stood at 22% as of this writing



This market will resolve to &#8220;Yes&#8221; if a formal tariff agreement, defined as a publicly disclosed mutual agreement, is established before the month ends.



﻿Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based Polymarket lets users bet on outcomes using the USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) stablecoin. While currently inaccessible in the U.S., the platform is<a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47490600/polymarket-ceo-says-crypto-based-prediction-platform-ready-to-enter-us-after-cftc-approval-stay-tuned"> expected to start operations</a> following CFTC approval.



The increase in odds comes following a deadlock in trade discussions between the two countries.



Trump has been vocal about the trade imbalance between the two countries,<a href="https://www.benzinga.com/news/politics/25/09/47441035/trump-claims-india-is-now-offering-to-cut-its-tariffs-to-nothing-but-says-its-too-late-should-have-done-so-years-ago"> criticizing India's</a> high tariffs on U.S. exports. He accused India of helping Russia by buying discounted oil and &#8220;fuelling the war machine&#8221;, hence increasing the tariff rate to 50%.&nbsp;



The tariffs went into effect last month, with experts estimating that they might cost India $36 billion, <a href="https://www.benzinga.com/markets/macro-economic-events/25/08/47350975/us-india-resume-trade-defense-talks-as-50-trump-tariffs-take-effect-threatening-billions-in-indias-gdp">or 0.9% of its annualized GDP</a>.



The two parties have since resumed negotiations. India's Commerce and Industry Minister <a href="https://www.benzinga.com/news/macro-notification/25/09/47492268/us-trade-deal-likely-by-november-says-indian-commerce-minister-little-bit-of-geopolitical-issues">said that the deal is expected</a> to be finalized by November.



Photo Courtesy: PJ McDonnell on Shutterstock.com



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Trump To Speak With 'Good Friend' Modi Soon, Says Trade Talks Ongoing With India — Polymarket Traders Boost Odds of Deal

Former Secretary of State Hillary Clinton took a dig at President Donald Trump on Tuesday for using his office for personal gain.



<h2 class="wp-block-heading">Clinton Attacks Trump Administration</h2>



Clinton quoted an X post from Rep. Greg Casar (D-Texas), who accused Trump and his family of corruption, citing the reported $5 billion fortune from World Liberty Financial (WLFI) token, a $400 million plane from Qatar and deals with Amazon and CBS.



"Everyone else gets: higher prices for health care, electricity, and groceries.&nbsp; Corruption, plain and simple," Casar said.



Clinton backed up the allegations, stating, &#8220;The Trump administration is going great&#8230; for Trump.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Trump administration is going great&#8230; for Trump. <a href="https://t.co/IIZ3BqjpJE">https://t.co/IIZ3BqjpJE</a>&mdash; Hillary Clinton (@HillaryClinton) <a href="https://twitter.com/HillaryClinton/status/1965446737210016169?ref_src=twsrc%5Etfw">September 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The White House didn't immediately return Benzinga's request for comment.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a>What&#8217;s Going On With Trump Media &amp; Technology Stock Today?



<h2 class="wp-block-heading">Trump&#8217;s Crypto Deals Under Scrutiny</h2>



The Trump family saw a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47540715/trump-family-backed-world-liberty-financial-token-crashes-31-in-debut-trading-week-6-25-billion-worth-of-investor-wealth-eroded-since-peak">sharp increase in their paper wealth</a> following the trading debut of their flagship cryptocurrency venture's new cryptocurrency, WLD. At the current price, their stake was worth $4.60 billion.



While the family&#8217;s share of tokens remains locked, the financial gains prompted further scrutiny. Senior Democratic lawmaker Sen. Elizabeth Warren (D-Mass.) described it, like Casar, <a href="https://www.benzinga.com/crypto/25/09/47464992/elizabeth-warren-on-trump-familys-unrealized-5-billion-world-liberty-token-gains-corruption-plain-and-simple">as corruption</a>.



Notably, a dozen Senate Democrats <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47565216/trump-family-crypto-ties-in-crosshairs-as-senate-democrats-push-cftc-power-grab">unveiled a cryptocurrency regulatory framework,</a> directly challenging the first family&#8217;s business ties to digital assets.



<h2 class="wp-block-heading">The Qatar Plane Deal </h2>



Concerns have also been raised <a href="https://www.benzinga.com/25/05/45404708/trumps-boeing-jet-gift-from-qatar-could-cost-taxpayers-1-billion-and-he-still-may-not-be-able-to-use-it-this-term-say-experts">about the conversion</a> of a Qatari 747 jet, which Trump <a href="https://www.benzinga.com/news/25/05/45579192/trump-said-qatar-gifted-him-a-400-million-jet-but-insiders-say-the-us-initiated-the-deal">received </a>as a "gift," into the new Air Force, with experts saying it could end up costing taxpayers over $1 billion and take several years.&nbsp;



Additionally, Trump's approval of a Paramount-Skydance merger shortly after receiving a<a href="https://www.benzinga.com/news/legal/25/07/46212970/trump-wins-16-million-settlement-from-paramount-over-cbs-60-minutes-kamala-harris-interview-but-no-apology-issued"> $16 million settlement payment</a> and First Lady Melania Trump's collaboration with Amazon on a <a href="https://www.benzinga.com/25/01/42806697/melania-trump-to-executive-produce-upcoming-amazon-documentary-offering-rare-insight-into-her-life-and-influence-in-donald-trumps-political-world">documentary about her life</a>, have raised eyebrows.



Photo Courtesy: Evan El-Amin on Shutterstock.com



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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47565262/eric-trump-touts-crypto-as-greatest-hedge-to-real-estate-as-his-bitcoin-mining-company-makes-an-impressive-wall-street-debut">Eric Trump Touts Crypto As &#8216;Greatest Hedge To Real Estate&#8217; As His Bitcoin Mining Company Makes An Impressive Wall Street Debut</a></li>
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