Leading cryptocurrencies diverged from stocks on Monday, as risk appetite eased ahead of the Federal Reserve&#8217;s interest rate decision.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:20 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+0.30%</td><td>$115,274.46</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.31%</td><td>$4,528.91</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-0.92%</td><td>$2.99</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.09%</td><td>$235.14</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.83%</td><td>$0.2679</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Risk Appetite Dims Ahead Of Fed Meet</h2>



Bitcoin crawled in the $115,000 region for much of the day, although trading volume shot up 52% in the 24-hour period. Ethereum was also rangebound, bouncing within a narrow range between $4,470 and $4,500.



Bitcoin's dominance fell to 57.5%, while Ethereum's market share rose marginally to 13.7%.&nbsp;



Over $400 million was liquidated from the cryptocurrency market in the last 24 hours, with $330 million in long positions wiped out.



Bitcoin&#8217;s open interest experienced a modest gain of 0.02% in the last 24 hours, while funds locked in Ethereum derivatives rose 1.60%. The majority of Binance traders with open BTC positions were long, according to the Long/Short ratio.



The market sentiment remained "Neutral," according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)&nbsp;



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency (Market Cap>$100 M)</th><th>Gains +/-</th><th>Price (Recorded at 9:20 p.m. ET)</th></tr></thead><tbody><tr><td>OpenxAI Network (OPENX)&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+136.69%</td><td>$1.60</td></tr><tr><td>Avantis (AVNT)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+52.18%</td><td>$1.18</td></tr><tr><td>Unibase (UB)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+23.51%</td><td>$0.04821 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $4 trillion, down 0.82% in the last 24 hours.



<h2 class="wp-block-heading">Progress In US-China Trade Talks</h2>



Stocks rallied on Monday. The Dow Jones Industrial Average rose 49.23 points, or 0.1%, to end at 45,883.45. The S&amp;P 500 climbed 0.5% to 6,615.28, while the tech-heavy Nasdaq Composite closed up 0.9% at 22,348.75.



Trump said in a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/115208260926006345">post </a>that the trade meeting between the U.S. and China went "very well," adding that a <a href="https://www.benzinga.com/markets/tech/25/09/47682964/trump-hints-tiktok-deal-may-finally-be-complete-but-gop-china-hawks-demand-bytedance-disinvestment-a">deal was reached on a company</a> "that young people in our Country very much wanted to save," potentially referring to TikTok.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="736" height="305" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15213646/image-240.png" alt="" class="wp-image-1071918" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15213646/image-240.png 736w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15213646/image-240-300x124.png 300w" sizes="(max-width: 736px) 100vw, 736px" /></figure>



The Federal Reserve is set to <a href="https://www.benzinga.com/markets/economic-data/25/09/47640392/with-a-fed-rate-cut-on-the-horizon-experts-say-these-3-asset-classes-could-be-game-changers-for-your-portfolio">decide on the interest rates</a> on Wednesday, with traders pricing in a 95.9% chance that the central bank would cut rates by 0.25%, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according</a> to the CME FedWatch tool.



<h2 class="wp-block-heading">Key Ethereum Level To Watch Out For</h2>



On-chain analytics firm CryptoQuant noticed that the Bitcoin Scarcity Index jumped for the first time since June.



"The index jumps when immediate buying power exceeds available supply, as if buyers are racing to acquire Bitcoin on the market," CryptoQuant added.&nbsp;



If the index continues to stay positive for consecutive days, it typically indicates the start of a "strong accumulation phase" and may assist the continuation of the uptrend.



<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">Bitcoin Scarcity Index on Binance Jumps for the First Time Since June "The index jumps when immediate buying power exceeds available supply, as if buyers are racing to acquire Bitcoin on the market." – By <a href="https://twitter.com/ArabxChain?ref_src=twsrc%5Etfw">@ArabxChain</a> Read more &#x2935;&#xFE0F;<a href="https://t.co/7A02l9VysN">https://t.co/7A02l9VysN</a> <a href="https://t.co/vzZm4rbZOH">pic.twitter.com/vzZm4rbZOH</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1967612372362641818?ref_src=twsrc%5Etfw">September 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Widely followed cryptocurrency commentator Ted Pillows highlighted Ethereum's strong support around $3,800-$4,000.



"This is the level I&#8217;m eyeing to load heavily on Ethereum. If that happens, we will get a lot of quality alts on good discounts too," the analyst predicted.



<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=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> has a strong support zone around $3,800-$4,000 level. This is the level I&#39;m eyeing to load heavily on Ethereum. If that happens, we will get a lot of quality alts on good discounts too. <a href="https://t.co/sT0w18lsJE">pic.twitter.com/sT0w18lsJE</a>&mdash; Ted (@TedPillows) <a href="https://twitter.com/TedPillows/status/1967558122610024775?ref_src=twsrc%5Etfw">September 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Yalcin Sonat On Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47671482/bitmine-reports-10-8-billion-ethereum-bitcoin-moonshot-crypto-holdings">BitMine Reports $10.8 Billion Ethereum, Bitcoin, &#8216;Moonshot&#8217; Crypto Holdings</a></li>
</ul>

Bitcoin Flat As Fed Policy Meet Looms; Ethereum, Dogecoin, XRP Decline: Analyst Flags Support Where They Plan To 'Load Heavily' On ETH

Under the current market regime, rising short interest always attracts eyeballs. In theory, an accumulation of bearish pressure represents an awful harbinger for the targeted security. However, these short traders risk the underlying asset moving in the wrong-to-them direction, which is northward. Interestingly, though, relatively very few speculators want a piece of the short action against Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>). For contrarian investors, this dynamic could be a compelling opportunity.



Usually, the prospect of <a href="https://www.benzinga.com/money/what-is-a-short-squeeze">short squeezes</a> offers an intuitive argument for bullish speculators. Under a typical transaction, investors initiate a position in a security by buying to open. However, short traders initiate their speculative activity by selling to open. These shares were first loaned out by a broker, which means that at some point, <a href="https://www.benzinga.com/markets/options/25/09/47652351/qbts-stock-quantum-computing-short-squeeze">bearish speculators must return the borrowed securities</a>.



For a short trade to be profitable, then, the underlying stock must fall in value. Later, the bears buy back the securities on discount and return them to the broker, pocketing the difference. But either way, the return of borrowed assets must happen. Therefore, if the targeted security shoots higher, short traders have a difficult decision to make.



Obviously, the prudent ones cut their losses early. However, to close a short position, the transaction involves buying to close. That's what creates the short squeeze.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15152925/MSTR-short-interest-1024x576.jpg" alt="" class="wp-image-1071687" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15152925/MSTR-short-interest-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15152925/MSTR-short-interest-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15152925/MSTR-short-interest-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15152925/MSTR-short-interest.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>



With MSTR stock, the security — which effectively operates as a proxy for the cryptocurrency market — previously witnessed <a href="https://www.benzinga.com/quote/MSTR/short-interest">sky-high short interest</a>, particularly during 2022 and 2023. However, a strong run last year, followed up by an impressive performance this year, has apparently led to an unwillingness to short Strategy.



Between January 2021 to September 2025, the correlation coefficient between the short interest of MSTR stock and its price action sits at -0.796. That's a strong inverse relationship, indicating that the bears simply don't want any of this smoke.



<h2 class="wp-block-heading">MSTR Stock Also Attracts Bargain Hunters</h2>



If the declining short interest rate wasn't enough to convince you about MSTR stock, its buy-the-dip tendencies may be the ultimate temptation. Quantitatively, MSTR in the past 10 weeks has printed four up weeks (defined as the return from Monday's open to Friday's close) and six down weeks, with an overall downward trajectory. For classification, we can call this a 4-6-D sequence.



Under an intuitive framework, the balance of distributive sessions being greater than accumulative would warrant caution. However, for MSTR stock, the red ink tends to attract bargain hunters. Using in-sample data that runs from January 2019 to July 2025, the drift stemming from the flashing of the 4-6-D sequence may carry the stock between approximately $341 to $391.



Assuming no special mispricing, the aggregate or baseline drift would be expected to carry MSTR between approximately $318 to $351. In other words, investors generally view MSTR's volatility as a chance to load up the boat at a cheaper rate. Further, without bearish traders actively betting against Strategy, it's possible that MSTR may have a less-contested swing upward.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="389" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15152841/MSTR-sample-test-2021-2023-1024x389.png" alt="" class="wp-image-1071685" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15152841/MSTR-sample-test-2021-2023-1024x389.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15152841/MSTR-sample-test-2021-2023-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15152841/MSTR-sample-test-2021-2023-768x291.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15152841/MSTR-sample-test-2021-2023.png 1291w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>



However, it's important to account for exogenous factors and even outright coincidences. To better determine if the 4-6-D sequence has predictive power, I ran an out-of-sample test, specifically targeting the dataset between 2021 through 2023. In this manner, I capture trading behaviors largely outside of the extreme boom periods of late 2020 and the years 2024 and 2025 to date.



What I discovered is that the 4-6-D sequence tends to signal an upward swing in the latter weeks. Since this phenomenon is observed in both boom periods and non-boom periods, my conclusion is that the sequence offers predictive power. Therefore, a bullish posture toward MSTR stock — despite the current weakness where it has lost 12% in the trailing month — makes sense.



<h2 class="wp-block-heading">A Tempting Offer On The Table</h2>



Because market makers are evaluating their probabilistic expectations based on stochastic (continuous, assumption-driven) models rather than empiric (discrete, evidence-driven) models — such as the methodology I use — the asking price for various strategies is all over the map. I would argue that there's considerable mispricing here.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15153123/MSTR-stock-10wk-forecast-1-1024x576.jpg" alt="" class="wp-image-1071689" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15153123/MSTR-stock-10wk-forecast-1-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15153123/MSTR-stock-10wk-forecast-1-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15153123/MSTR-stock-10wk-forecast-1-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15153123/MSTR-stock-10wk-forecast-1.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>



In my opinion, the options strategy that makes the most sense is the 350/360 bull call spread expiring Oct. 31. This transaction involves buying the $350 call and simultaneously selling the $360 call, for a net debit paid of $395 (the most that can be lost in the trade).



Should MSTR stock rise through the second-leg strike price ($360) at expiration, the maximum profit is $605, a payout of over 153%. Breakeven comes in at $353.95.



On paper and without any other context, anticipating a nearly 11% move over the next seven weeks may seem aggressive. However, because of Strategy's crypto-proxy play, I don't find the threshold to profitability unreasonable. It would also seem that the bears feel the same way.



The opinions and views expressed in this content are those of the individual author and do not necessarily reflect the views of Benzinga. Benzinga is not responsible for the accuracy or reliability of any information provided herein. This content is for informational purposes only and should not be misconstrued as investment advice or a recommendation to buy or sell any security. Readers are asked not to rely on the opinions or information herein, and encouraged to do their own due diligence before making investing decisions.



Read More:



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<li><a href="https://www.benzinga.com/markets/options/25/09/47652351/qbts-stock-quantum-computing-short-squeeze">Options Corner: Why D-Wave Quantum Statistically Might Still Be A Short-Squeeze Candidate</a></li>
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Image: Shutterstock

Options Corner: With The Bears Leaving, Strategy's Current Underperformance Could Spell Opportunity

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) is holding near the $3 level as anticipation builds for the debut of the first-ever <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47649912/millionaire-trader-preferfs-dogecoin-solana-etfs-over-xrp-as-main-catalysts-for-this-explosive-meme-coin">spot XRP ETF</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>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$3.00</td><td>&nbsp;$179 billion</td><td>+0.9%&nbsp;</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$115,005.74</td><td>&nbsp;$2.29 trillion</td><td>+2.5%&nbsp;</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,499.66</td><td>&nbsp;$543.1 billion</td><td>+4.3%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto chart analyst Ali Martinez said XRP is "ready to bounce" after the TD Sequential indicator flashed a buy signal.



<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=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> is ready to bounce as the TD Sequential flashed a buy signal! <a href="https://t.co/dtTwPlAqoy">pic.twitter.com/dtTwPlAqoy</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1967568583602438289?ref_src=twsrc%5Etfw">September 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Cryptoinsightuk <a href="https://x.com/Cryptoinsightuk/status/1967484889047159111">observed</a> XRP having closed above its prior weekly all-time high, hinting at a possible breakout from its long-term downtrend. Traders are now watching for confirmation through a bullish cross on the weekly RSI.



Statistics: Martinez <a href="https://x.com/ali_charts/status/1967478598534848866">pointed</a> out that whales offloaded nearly 160 million XRP in the past two weeks, sparking speculation over whether large holders see downside risk or are simply taking profit.



Coinglass data showed $12.67 million in liquidations over the past 24 hours, with $10.8 million from longs, suggesting traders remain broadly optimistic despite the pullback.



Community News: REX Shares <a href="https://x.com/REXShares/status/1967611937702785162">confirmed</a> the REX-Osprey XRP ETF (XRPR) will debut this week, marking the first U.S. ETF to provide direct spot exposure to XRP, currently the world's third-largest crypto asset.



The fund will allocate 80% of its assets in XRP, held through a Cayman Islands subsidiary, while the remaining 20% will be invested in cash and equivalents, including U.S. Treasuries, government obligations, and money market funds, as per the SEC <a href="https://www.sec.gov/Archives/edgar/data/1771146/000199937125000494/rexosprey-485apos_012125.htm#rexospreyprosaia005">filing</a>.



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</ul>



Image: Shutterstock

XRP Holds At $3 As First Spot XRP ETF Set To Debut This Week

Pantera Capital founder Dan Morehead on Monday announced plans for a Solana-focused digital asset treasury company to be listed on Nasdaq as he expects the structural Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bull market <a href="https://www.benzinga.com/money/bitcoin-price-prediction">to stay intact.</a>



What Happened: The new treasury company will provide direct exposure to Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) without leverage, addressing a gap in retail access since &#8220;it&#8217;s very difficult for normal investor to get access to Solana,&#8221; Morehead said during a CNBC Squawk Box <a href="https://www.youtube.com/watch?v=R-2i0GFKQng">interview</a>.



The structure will capture staking yields of approximately 7% annually, which individual investors often struggle to access due to technical complexity.



Pantera currently holds $1.1 billion worth of Solana across its funds, representing the firm&#8217;s largest position. Morehead highlighted Solana&#8217;s technical advantages, stating it &#8220;could do 9 billion transactions a day.&#8221;



When pressed about competition between blockchains, Morehead rejected winner-take-all scenarios.



However, he expects consolidation around major protocols, saying, &#8220;Ripple&#8217;s going after Swift. You know Bitcoin&#8217;s digital gold&#8221; while &#8220;Solana is very good at the performance blockchain.&#8221;



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47629537/bitcoin-at-a-crossroad-why-you-need-to-watch-108000-and-116000">Bitcoin At A Crossroad: Why You Need To Watch $108,000 And $116,000</a>



Bitcoin Price Outlook



Despite launching a Solana treasury company, Morehead remains bullish on Bitcoin&#8217;s long-term prospects. 



Drawing on 12 years of experience, he observed that Bitcoin has &#8220;roughly doubled every year&#8221; and expects this trend to continue.



&#8220;I think it could go up to $750,000 in the next four or five years,&#8221; Morehead predicted, citing Bitcoin&#8217;s &#8220;very low single digit percentage of global wealth&#8221; as justification for continued growth. 



While not expecting Bitcoin to reach $1 million in the near term, he suggested it could happen &#8220;in our lifetimes.&#8221;



The treasury company represents an evolution in crypto access methods. Morehead noted that Pantera &#8220;launched the first Bitcoin fund in the world&#8221; when direct purchase was difficult, but now &#8220;an ETF is very easy&#8221; for Bitcoin exposure.



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Photo: Shutterstock AI on Shutterstock.com

Bitcoin To Reach $750,000 In The Next 5 Years, Pantera Capital's Dan Morehead Says

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) tapped $116,000 before retracing below $115,000 on Monday, signaling that fresh catalysts may be needed to lift sentiment as weakening metrics signal <a href="https://www.benzinga.com/money/bitcoin-price-prediction">a potential pullback</a>.



What Happened: Glassnode <a href="https://x.com/glassnode/status/1967609388685991958">data</a> highlights strong momentum in the spot market, with the relative strength index entering overbought territory.



Futures markets reflected higher activity, open interest climbed and buy-side flows picked up, yet weaker funding rates tempered demand for longs, the firm detailed in its latest report.



Options activity mirrored this cautious backdrop: open interest expanded, but volatility spreads and skew declined, signalling reduced hedging and more complacency.



On-chain metrics show that speculative short-term activity increased slightly, while long-term holder structure remained stable.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47629537/bitcoin-at-a-crossroad-why-you-need-to-watch-108000-and-116000">Bitcoin At A Crossroad: Why You Need To Watch $108,000 And $116,000</a>



Why It Matters: Bitcoin's rebound reflects improving sentiment thanks to ETF flows and macro-optimism, but fragile support leaves the market vulnerable. 



Weakening spot flows, softening funding conditions, and profit-taking suggest further consolidation — unless fresh demand sustains momentum.



U.S. spot Bitcoin ETF inflows stood out as a key driver, bringing in 5,900 BTC on Sep. 10, marking the largest daily inflow since mid-July, as per Glassnode <a href="https://x.com/glassnode/status/1967490111890940324">data</a>. 



That pushed weekly flows positive, underscoring renewed institutional appetite as Bitcoin consolidates above $114,000.



The CoinMarketCap Crypto Fear and Greed Index dropped from Greed to Neutral in just two days, highlighting the market's cautious mood despite institutional inflows.



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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47663963/bitcoin-ethereum-xrp-dogecoin-start-monday-with-weakness">Bitcoin, Ethereum, XRP, Dogecoin Start Monday With Weakness</a></li>
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Image: Shutterstock

Bitcoin Gets The Jitters Around $115,000: Up Or Down Ahead Of FOMC Day?

Strive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) shares tumbled sharply Monday as investors digested the company&#8217;s aggressive Bitcoin (CRYPTO: BTC/USD) accumulation plan. The company, having just completed its merger with Asset Entities Inc., had earlier <a target="_blank" href="https://www.benzinga.com/pressreleases/25/09/n47663858/strive-announces-board-of-directors-and-initial-bitcoin-strategy" rel="noreferrer noopener">outlined a strategy</a> featuring $750 million in upfront financing and another $750 million in potential warrant-driven funds.



The merger delivered Strive an initial stake of 69 Bitcoin via a Section 351 exchange. It also enabled Strive to qualify as a well-known seasoned issuer, giving it access to tools such as a $450 million at-the-market offering and possible debt issuances.



Matt Cole, chairman and CEO, described the board as mission-aligned, purposed to grow Bitcoin per share and deliver shareholder value through governance, capital markets expertise, and long-term strategy.



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



<h2 class="wp-block-heading">Veteran Bitcoin Strategists Join Board</h2>



Strive&#8217;s board now includes experts such as Shirish Jajodia of Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Pierre Rochard of The Bitcoin Bond Company, Ben Werkman of Swan, James Lavish of The Bitcoin Opportunity Fund, and Avik Roy of the Foundation for Research on Equal Opportunity. They bring skills in policy, governance, treasury management, and digital asset strategy.



Along with its fundraising strategy, the company has authorized a $500 million stock buyback program. It also plans to issue a perpetual preferred equity security in 2025, intended to further Bitcoin purchases while providing yield opportunities for income-focused investors.



Despite the ambitious strategy, ASST shares plunged significantly Monday amid concerns about dilution, uncertainties in execution, and potential regulatory risks around such aggressive crypto-treasury initiatives.



Price Action: ASST shares are trading lower by 17.48% to $7.006 at last check Monday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47667737/forward-industries-buys-1-58-billion-in-sol-as-michael-saylors-strategy-continues-btc-accumulation" target="_blank" rel="noreferrer noopener">Forward Industries Buys $1.58 Billion In SOL, As Michael Saylor&#8217;s Strategy Continues BTC Accumulation</a></li>
</ul>



Image by Rido via Shutterstock

Strive Taps Crypto Veterans To Guide $1.5 Billion Bitcoin Treasury Expansion

Fundstrat co-founder Tom Lee, newly appointed chairman of Bitmine Immersion Technologies Inc (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>), is positioning the company as a leading Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) treasury play as Wall Street accelerates its shift toward <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47671482/bitmine-reports-10-8-billion-ethereum-bitcoin-moonshot-crypto-holdings">blockchain-based finance</a>.



What Happened: In an interview with Global Money Talk, Lee <a href="https://www.youtube.com/watch?v=b-IyeN0cQaM">highlighted</a> that Ethereum is entering a &#8220;super cycle&#8221; that could define the next decade, with financial institutions increasingly choosing Ethereum as the backbone for digitizing assets. 



Since his appointment, Bitmine has become the world's second-largest crypto treasury, holding roughly $9 billion worth of Ethereum. 



The company's stock has surged tenfold in the same period, far outpacing Ethereum's own performance.



Lee compares Bitmine's strategy to Strategy's Bitcoin play, arguing that corporate treasuries offer structural advantages over direct crypto ownership.



Bitmine has dramatically increased Ethereum holdings per share while its proof-of-stake model generates sizable income.



With $9 billion staked, Lee estimates annual pre-tax net income of about $300 million — enough to place Bitmine among the most profitable U.S. companies.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47661606/ethereum-foundation-releases-privacy-focused-roadmap-for-network-lists-out-priority-goals">Ethereum Foundation Releases Privacy-Focused Roadmap For Network, Lists Out Priority Goals</a>



Why It Matters: Institutional investors have quickly backed Bitmine, including Founders Fund, Stan Druckenmiller, Galaxy Digital, Cathie Wood's ARK Funds, and Bill Miller. 



With a $10 billion market cap, Bitmine's scale and credibility set it apart in the crowded crypto treasury space.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47663963/bitcoin-ethereum-xrp-dogecoin-start-monday-with-weakness">Bitcoin, Ethereum, XRP, Dogecoin Start Monday With Weakness</a></li>
</ul>



Image: Shutterstock

Tom Lee, Says Ethereum Is Entering A 'Macro Super Cycle' For The Next Decade

<a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47552894/bitcoin-hits-112000-but-tom-lee-says-200000-might-still-come-this-year">BitMine Immersion Technologies Inc</a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>) has amassed over 2.15 million ETH tokens worth approximately $10 billion, cementing its position as the world&#8217;s largest Ethereum (CRYPOT: ETH) treasury company.



What Happened: The company&#8217;s total crypto and cash holdings <a href="https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-announces-crypto-and-cash-holdings-of-10-8-billion-eth-holdings-exceeding-2-151-million-302556218.html">reached</a> $10.771 billion as of Sep. 14, including 2,151,676 ETH, 192 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), $214 million in &#8220;moonshot&#8221; investments and $569 million in unencumbered cash.



This positions BitMine as the second-largest global crypto treasury behind Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), which holds $74 billion worth of Bitcoin.



&#8220;BitMine has nearly $11 billion in total crypto holdings, surpassing the 2 million ETH milestone,&#8221; said Chairman Tom Lee, referencing the company&#8217;s pursuit of acquiring 5% of Ethereum&#8217;s total supply.



Lee emphasized that &#8220;the power law benefits large holders of ETH, hence, we pursue the &#8216;alchemy of 5%&#8217; of ETH.&#8221;



Read Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47663963/bitcoin-ethereum-xrp-dogecoin-start-monday-with-weakness">Bitcoin, Ethereum, XRP, Dogecoin Start Monday With Weakness</a>



Why It Matters: The announcement comes as digital asset investment products experienced $3.3 billion in inflows last week, according to <a href="https://researchblog.coinshares.com/volume-251-digital-asset-fund-flows-weekly-report-aab87f219e81">CoinShares data</a>, pushing total assets under management to $239 billion near August&#8217;s record high. 



Ethereum particularly benefited from renewed investor interest, recording $646 million in inflows after eight consecutive days of outflows.



The positive sentiment extended across digital assets, with Bitcoin attracting $2.4 billion in weekly inflows and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) recording its largest-ever single-day inflow of $145 million on Friday. 



This broad-based recovery followed weaker-than-expected U.S. macroeconomic data and end-of-week price gains across digital assets.



What&#8217;s Next: BitMine&#8217;s strategy centers on Lee&#8217;s thesis that Wall Street&#8217;s migration to blockchain infrastructure will primarily occur on Ethereum. 



&#8220;We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,&#8221; Lee said. 



&#8220;Wall Street and AI moving onto the blockchain should lead to a greater transformation of today&#8217;s financial system. And the majority of this is taking place on Ethereum.&#8221;



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47667737/forward-industries-buys-1-58-billion-in-sol-as-michael-saylors-strategy-continues-btc-accumulation">Forward Industries Buys $1.58 Billion In SOL, As Michael Saylor&#8217;s Strategy Continues BTC Accumulation</a></li>
</ul>



Image: Shutterstock

BitMine Reports $10.8 Billion Ethereum, Bitcoin, 'Moonshot' Crypto Holdings

Forward Industries Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORD#NASDAQ">FORD</a>) has acquired 6.8 million Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) tokens for approximately $1.58 billion at an average price of $232 per token, marking the initial deployment of its $1.65 billion fundraising round as the company positions itself as &#8220;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47542939/1-65-billion-solana-gets-its-first-10-figure-treasury-fund">the leading Solana treasury company</a>.&#8221;



The purchases represent the first major execution of Forward Industries&#8217; Solana-focused treasury strategy, funded through a private investment round led by Galaxy Digital, Jump Crypto, and Multicoin Capital that closed Sep. 11. 



The company <a href="https://www.businesswire.com/news/home/20250914533324/en/Forward-Industries-Now-Holds-More-Than-6.8-Million-SOL-Tokens-as-It-Commences-Solana-Treasury-Strategy">acquired</a> the tokens through both traditional open market purchases and on-chain transactions, including a $1 million trade executed via DFlow, a decentralized exchange aggregator built for Solana trading.



&#8220;Today&#8217;s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks,&#8221; said Kyle Samani, Chairman of Forward Industries&#8217; Board of Directors.



Read Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47660645/peter-schiff-asks-why-bitcoin-is-selling-off-while-stocks-gold-trade-at-record-highs-arthur-hayes-wants-investors-to-readjust-perspective" target="_blank" rel="noreferrer noopener">Peter Schiff Asks Why Bitcoin Is Selling Off While Stocks, Gold Trade At Record Highs — Arthur Hayes Wants Investors To ‘Readjust' Perspective</a>



Strategy Maintains Bitcoin Focus



Meanwhile, Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) <a href="https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt41a67df64437849b/68c785f54a2c2dadaf122ab2/form-8-k_09-15-2025.pdf">reported</a> continued Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) accumulation, purchasing 525 BTC for $60.2 million at an average price of $114,562 between Sep. 8-14. 



The company now holds 638,985 Bitcoin worth approximately $47.23 billion at an average purchase price of $73,913.



The company funded its latest purchases through proceeds from multiple at-the-market (ATM) offerings of preferred stock, raising $68.2 million during the week. 



Strategy maintains several active ATM programs with billions in remaining capacity, including $16.1 billion available for common stock issuance.



Treasury Strategy Differentiation



Forward Industries&#8217; approach differs from Strategy&#8217;s Bitcoin-only strategy by focusing on Solana&#8217;s proof-of-stake mechanism. 



The company has staked all acquired SOL tokens to generate additional yield, following what it calls a strategy to &#8220;increase SOL per share at a faster rate than simply being a passive holder.&#8221;



&#8220;We are pleased to have built an exceptional SOL treasury in less than a week since closing our PIPE, marking the first step in executing our strategy,&#8221; said Michael Pruitt, Interim CEO of Forward Industries.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47662292/galaxy-digital-ramps-up-solana-bet-pours-283-million-in-crypto-but-stock-drops-pre-market">Galaxy Digital Ramps Up Solana Bet, Pours $283 Million In Crypto, But Stock Drops Pre-Market </a></li>
</ul>



Image: Shutterstock

Forward Industries Buys $1.58 Billion In SOL, As Michael Saylor's Strategy Continues BTC Accumulation

A well-known millionaire meme coin trader has doubled down on his six-figure Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) bet, turning patience and conviction into half a million <a href="https://www.benzinga.com/money/dogecoin-doge-price-prediction">dollars in profit</a>.



What Happened: In a detailed X <a href="https://x.com/theunipcs/status/1966866391719444693">post</a> on Sept. 13, Unipcs, better known as Bonk Guy, said his Dogecoin perpetuals trade is now up over $500,000, nearly doubling his $252,000 profit disclosed just 19 hours earlier.



The position stems from a $100,000 investment placed with extreme leverage.



The trader outlined several drivers fueling the next leg higher:



<ul class="wp-block-list">
<li>DOGE's movement style: long periods of sideways action followed by explosive rallies.</li>



<li>Short-term catalysts: the anticipated Dogecoin ETF launch, growing Dogecoin Asset Treasury (DAT) accumulation, and potential interest rate cuts.</li>



<li>Market structure: momentum still favors continuation rather than exhaustion.</li>
</ul>



Prominent analyst Altcoin Sherpa also <a href="https://x.com/AltcoinSherpa/status/1966933453984985276">applauded</a> Unipcs, calling him a strong example of trading well-known meme coins with size and clarity.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47663963/bitcoin-ethereum-xrp-dogecoin-start-monday-with-weakness">Bitcoin, Ethereum, XRP, Dogecoin Start Monday With Weakness</a>



What's Next: Unipcs explained that the Dogecoin rally could take it to $1 in a multi-phase rally:



<ul class="wp-block-list">
<li>A strong move higher from current levels.</li>



<li>A consolidation period marked by complacency.</li>



<li>A true "monster rally" lasting months, pushing DOGE above $1.</li>
</ul>



He urged traders not to rotate or panic-sell conviction plays, noting dips should be viewed as buying opportunities in what he calls a HODLer's market.



Meanwhile, analyst Cryptoinsightuk <a href="https://x.com/Cryptoinsightuk/status/1967515520707506211">highlighted</a> rising late short interest on lower timeframes. 



With open interest climbing, negative funding premiums, and spot volume ticking up, he says a short squeeze is likely. 



The open question: will this mark just a relief rally, or the start of a full trend reversal? 



Many altcoins, he noted, are showing similar setups.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47641740/dogecoin-up-20-in-a-week-and-poised-for-the-last-big-rally-of-the-cycle-analyst-says">Dogecoin Up 20% In A Week And Poised For The &#8216;Last Big Rally Of The Cycle&#8217;, Analyst Says</a></li>
</ul>



Image: Shutterstock

Millionaire Trader Is Up $500,000 On Dogecoin Long, Expects 'Monster Rally' To $1 Still To Come

Cryptocurrency markets are trending down on Monday morning.



<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>$115,147</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,539</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$236.18</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>$0.2656</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001312</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 172,929 traders were liquidated in the past 24 hours for $450.21 million.&nbsp; &nbsp;</li>



<li>SoSoValue data shows net inflows of $642.4 million into spot Bitcoin ETFs on Friday. Spot Ethereum ET'Fs saw net inflows of $405.6 million.</li>
</ul>



Trader Notes: More Crypto Online observed Bitcoin completed a 3-wave rally into resistance, with the C-wave forming five waves and topping overnight. 



He cautioned that as long as $113,490 support holds, upside remains possible, but a break below would confirm the local top.



<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> Bitcoin pushed up from support into resistance in the first half of September, completing a clear 3-wave rally. Overnight it printed a swing high, giving the C-wave 5 waves, which makes the structure technically complete. As long as $113,490 holds, further upside is… <a href="https://t.co/OSEA4UnoYi">pic.twitter.com/OSEA4UnoYi</a>&mdash; More Crypto Online (@Morecryptoonl) <a href="https://twitter.com/Morecryptoonl/status/1967515300280127618?ref_src=twsrc%5Etfw">September 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trader Jackis <a href="https://x.com/i_am_jackis/status/1967520163852685753">highlighted</a> Bitcoin is now at its lowest monthly volatility ever in September 2025. 



He noted this setup has occurred only three times in history, each leading to massive rallies in both magnitude and duration. 



The trader wonders whether this time will play out the same way.



Cryptoinsightuk <a href="https://x.com/Cryptoinsightuk/status/1967484889047159111">pointed </a>out that XRP closed above its previous weekly all-time high, signaling a potential break in the current downtrend. A bullish RSI cross on the weekly chart could further confirm momentum.



Muro <a href="https://x.com/MuroCrypto/status/1967527231846326692">explained</a> that Ethereum bounced on the trendline before breaking lower, flipping former support into resistance. With many altcoins showing a similar structure, he prefers taking profits at resistance and waiting for clearer confirmation.



Crypto chart analyst Ali Martinez said the recent Dogecoin dip should be seen as a buy opportunity, as signaled by the TD Sequential Indicator.



<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">Buy the Dogecoin <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> dip, says the TD Sequential indicator! <a href="https://t.co/N6RmDaDYD4">pic.twitter.com/N6RmDaDYD4</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1967508184803029413?ref_src=twsrc%5Etfw">September 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



CJ <a href="https://x.com/CJ900X/status/1967252364953358655">noted</a> Solana has shifted into an upward trajectory after breaking out of consolidation. He sees two possible scenarios: • Retest Daily Demand: Level-to-level move toward range high, swing target at $360. • Front-run Daily Demand: Sweep H4 range lows into FVG, then reclaim for long entries.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47660645/peter-schiff-asks-why-bitcoin-is-selling-off-while-stocks-gold-trade-at-record-highs-arthur-hayes-wants-investors-to-readjust-perspective">Peter Schiff Asks Why Bitcoin Is Selling Off While Stocks, Gold Trade At Record Highs — Arthur Hayes Wants Investors To &#8216;Readjust&#8217; Perspective</a></li>
</ul>



Image: Shutterstock

Bitcoin, Ethereum, XRP, Dogecoin Start Monday With Weakness

Crypto never takes a vacation, but the past few months have been industrious even by blockchain standards. A flurry of launches, partnerships and regulatory nudges suggest the industry is edging towards its most significant architectural rethink yet.&nbsp;



From Bitcoin-linked rollups to Wall Street-backed stablecoins, the direction of travel points to more scalability, clearer compliance and, crucially, greater institutional comfort.



<h3 class="wp-block-heading">Always in flux</h3>



Blockchain&#8217;s formative years were marked by obsession with plumbing: how to keep blockchains secure, how to process transactions faster, how to build wallets that don&#8217;t send users into fits of frustration. That tinkering never stopped, but the emphasis has changed. Now that devs have proved the machinery works, the next challenge is to prove it can handle real money at scale.



That shift isn't accidental. US policymakers have spent the past year looking at ways to update crypto's rulebook. The Trump administration's push for a regulatory pathway to digital-asset securities and federally recognized stablecoins sets the scene for more institutional adoption. Wall Street firms eye new fee streams and they're taking appropriate steps. Stablecoins are being embraced as programmable cash, reliable and attractive to both asset managers and treasurers.



<h3 class="wp-block-heading">Bitcoin's DeFi foothold</h3>



Even change-resistant Bitcoin is being coaxed into the future. Layer-2 development platform Build on Bitcoin (BOB) unveiled a <a href="https://bob.build/blog/hybrid-zk-rollup" rel="nofollow">new hybrid rollup tech</a> that combines optimistic and zero-knowledge technologies. Fraud disputes, which once dragged on for days, can now be resolved in minutes. Anyone with a modest half-an-Ether to spend can challenge suspicious activity, lowering the bar for keeping the system honest.



The implications are striking. Rollups were once the preserve of Ethereum and its imitators. BOB's approach gives Bitcoin <a href="https://unchainedcrypto.com/bitcoin-defi/" rel="nofollow">a foothold in decentralized finance</a> without sacrificing its reputation for stability and trust. The firm even hints that, over time, validators could be replaced entirely by its cryptographic machinery. That could make Bitcoin more than mere digital gold, but a functioning settlement layer for DeFi.



<h3 class="wp-block-heading">Betting on regulation</h3>



Other players are taking advantage of the White House's crypto-friendly regulatory approach. Polymarket, after <a href="https://www.prnewswire.com/news-releases/polymarket-acquires-cftc-licensed-exchange-and-clearinghouse-qcex-for-112-million-302509626.html" rel="nofollow">acquiring a regulated exchange</a>, is poised to leave the grey market and enter the US as a <a href="https://x.com/shayne_coplan/status/1947322129654927465" rel="nofollow">properly licensed</a> entity.



To sharpen its competitive edge, the blockchain-based prediction market platform has joined forces with xAI, Elon Musk's artificial-intelligence venture, to analyze torrents of data from his social platform, X. In theory, that will deliver faster, sharper market odds. In practice, it will also test whether AI-generated insight can tempt punters away from Las Vegas and towards Ethereum wallets.



<h3 class="wp-block-heading">A stablecoin alliance</h3>



Stablecoins remain crypto's most credible bridge to mainstream finance. Anchorage Digital, a federally chartered crypto bank, has <a href="https://www.anchorage.com/insights/anchorage-digital-partners-with-ethena-labs-to-launch-first-genius-compliant-federally-regulated-stablecoin" rel="nofollow">teamed up with Ethena Labs</a> to bring the first stablecoin minted under America's new GENIUS Act rules. The coin, known as USDtb, is designed for regulatory comfort: programmable, transparent and, crucially, minted onshore rather than offshore.



For Ethena, the partnership promises legitimacy. Its existing coin, USDe, already ranks as the <a href="https://defillama.com/stablecoins" rel="nofollow">third-largest DeFi stablecoin</a>. For Anchorage, the venture cements its role as Wall Street's chosen custodian of digital dollars. The marriage of convenience could become a model for future entrants: compliant enough to satisfy regulators, yet flexible enough to satisfy DeFi.



<h3 class="wp-block-heading">An old chain, reminted</h3>



Even crypto's veterans are angling for a revival. VeChain, once an emblem of the <a href="https://vechain.org/journey/" rel="nofollow">2017 initial-coin-offering craze</a>, has re-emerged with heavyweight backing. Franklin Templeton, a staid investment manager, has signed on to use its payments platform; BitGo, a custody provider, will support it; Keyrock, a market-maker, will manage validators. A $15m staking programme has been launched to lure participants.



The centrepiece is a "<a href="https://x.com/vechainofficial/status/1877403277564014950?lang=en" rel="nofollow">Renaissance</a>" upgrade, which aims to rationalize VeChain's bloated tokenomics and improve the developer experience. Its new StarGate staking system, wrapped in non-fungible tokens, promises to simplify compliance while rewarding loyalty. The timing is not accidental: America's Securities and Exchange Commission is mulling how to regulate staking. VeChain is gambling that the mood will turn permissive.



<h3 class="wp-block-heading">Other experiments</h3>



The tinkering goes beyond the usual suspects:



<ul class="wp-block-list">
<li>Centrifuge has expanded across six blockchains, creating what may be the most interoperable system for <a href="https://centrifuge.io/blog/centrifuge-v3-multichain-launch" rel="nofollow">tokenizing real-world assets</a> yet. </li>



<li>A start-up called Fogo, launched by traders from Citadel and Jump, is touting a blistering 40-millisecond block time to a<a href="https://x.com/FogoChain/status/1947675149626458203" rel="nofollow">ttract high-frequency finance</a>. </li>



<li>Even Dogecoin, once the butt of jokes, is <a href="https://github.com/dogecoin/dogecoin/discussions/3869" rel="nofollow">contemplating "DogeOS,</a>" an upgrade that would graft serious cryptography onto its frivolous brand.</li>
</ul>



<h3 class="wp-block-heading">DefI, domesticated</h3>



Taken together, these developments point to a hybrid future. Crypto's original vision was to build an alternative financial system. Instead, what is emerging is an eccentric marriage: DeFi infrastructure designed to reassure regulators, Wall Street dollars programmed to run on blockchains, and meme coins auditioning for legitimacy.



The irony is that crypto's insurgents now find themselves rebuilding the very financial order they once sought to topple. Whether the result is disruption, assimilation or merely another layer of fees remains to be seen. What seems certain is that the industry knows what it wants to be when it grows up: respectable.



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.

Crypto's Hybrid Summer

Galaxy Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>) shares are trading lower in Monday's pre-market trading, coinciding with the cryptocurrency-focused company's purchase of over $280 million in Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>).



<h2 class="wp-block-heading">Galaxy Bags Heaps Of SOL</h2>



Galaxy Digital bought 1.2 million SOL, worth $283.87 million at current prices, over the last 24 hours, reported on-chain analytics firm Lookonchain.



With the latest grab, the company's total SOL purchases in the last five days have reached 6.5 million, totaling $1.53 billion.



<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">Galaxy Digital bought another 1.2M <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($306M) in the past 24 hours. Their total buys over the past 5 days have now reached ~6.5M <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($1.55B).<a href="https://t.co/f4FXOfK0vJ">https://t.co/f4FXOfK0vJ</a> <a href="https://t.co/NQ9da23mzm">pic.twitter.com/NQ9da23mzm</a>&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1967388275708219682?ref_src=twsrc%5Etfw">September 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



However, investors didn't seem too impressed with the accumulation drive, as the company's shares slipped 1.72% in pre-market trading.



It was unclear whether the slide could be linked to SOL&#8217;s decline of more than 5% in the recent 24 hours.



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/25/09/47660321/dogecoin-pumped-20-and-bonk-hit-13-but-this-sam-altman-linked-coin-crushed-them-both-last-week-heres-why">Dogecoin Pumped 20% And Bonk Hit 13%, But This Sam Altman-Linked Coin Crushed Them Both Last Week: Here&#8217;s Why</a>



<h2 class="wp-block-heading">The Strategic Bet On Solana</h2>



Galaxy Digital, which operates in the digital asset and data center infrastructure sectors, has lately made strategic bets on Solana.&nbsp;



Earlier this month, it invested in Forward Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORD#NASDAQ">FORD</a>) through a private investment in public equity to fund a SOL-focused treasury. The private placement, which <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47542939/1-65-billion-solana-gets-its-first-10-figure-treasury-fund">ended up raising $1.65 billion in cash and stablecoin commitments</a>, also included Jump Crypto and Multicoin Capital as leading investors.



The company also announced a <a href="https://www.benzinga.com/trading-ideas/movers/25/09/47480760/galaxy-digital-stock-is-trending-wednesday-whats-going-on">partnership</a> to tokenize its own shares on the Solana blockchain, marking the first time a publicly traded U.S. company let its equity be held directly on a major blockchain.



Price Action: At the time of writing, SOL was exchanging hands at $233.17, down 5.15% 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>. 



Galaxy shares were down 1.68% in pre-market trading after closing 2.87% higher at $29.70&nbsp; on Friday. Year-to-date, the stock has soared over 71%.



As of this writing, the stock exhibited a low Growth 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> and compare it with other popular cryptocurrency-focused stocks such as Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).



<figure class="wp-block-image aligncenter 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="443" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15054412/image-229.png" alt="" class="wp-image-1070675" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15054412/image-229.png 443w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/09/15054412/image-229-300x133.png 300w" sizes="(max-width: 443px) 100vw, 443px" /></a></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47660645/peter-schiff-asks-why-bitcoin-is-selling-off-while-stocks-gold-trade-at-record-highs-arthur-hayes-wants-investors-to-readjust-perspective">Peter Schiff Asks Why Bitcoin Is Selling Off While Stocks, Gold Trade At Record Highs — Arthur Hayes Wants Investors To &#8216;Readjust&#8217; Perspective</a></li>
</ul>



Photo courtesy: Postmodern Studio / Shutterstock.com

Galaxy Digital Ramps Up Solana Bet, Pours $283 Million In Crypto, But Stock Drops Pre-Market

The Ethereum (CRYPTO: ETH) Foundation released a roadmap on Friday to bring end-to-end privacy features across the network's application layer.



<h2 class="wp-block-heading">Privacy The Norm Rather Than The Exception</h2>



The foundation, a non-profit dedicated to supporting the Ethereum blockchain, <a href="https://ethereum-magicians.org/t/pse-roadmap-2025-and-beyond/25423">rebranded </a>its "Privacy &amp; Scaling Explorations" team to "Privacy Stewards of Ethereum" to reflect the new approach.



"Our vision is to make privacy on Ethereum the norm rather than the exception," PSE said in a blog post. "Ethereum will have comprehensive end-to-end privacy embedded across the technical stack (protocol, infrastructure, networking, applications, wallets)."



PSE laid out a list of key "priority initiatives" for the next 3-6 months, including private transfers, private governance, confidentiality in decentralized finance and others.



The team also talked about incorporating privacy elements into data portability, identity and providing a privacy experience from the user&#8217;s perspective.



&#8220;A system without privacy will push institutions and users elsewhere, undermining the very mission that brought Ethereum into existence,&#8221; PSE said.



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/25/09/47660075/shiba-inus-layer-2-network-breached-over-1-million-each-in-ethereum-shib-stolen-how-it-was-done">Shiba Inu&#8217;s Layer-2 Network Breached, Over $1 Million Each in Ethereum, SHIB Stolen: How It Was Done</a>



<h2 class="wp-block-heading">Buterin&#8217;s Push For Greater Privacy</h2>



Vitalik Buterin, co-founder of Ethereum, has been one of the most vocal privacy proponents, highlighting the need to have <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32808624/ethereum-at-a-crossroads-vitalik-buterin-points-to-three-make-or-break-transitions">privacy-preserving transactions and services</a> on the blockchain to prevent users from migrating to centralized alternatives.



Last week, he voiced concerns over <a href="https://www.benzinga.com/markets/tech/25/09/47656522/ethereum-co-founder-vitalik-buterin-responds-to-security-concerns-over-openais-chatgpt">potential security risks</a> associated with OpenAI's ChatGPT, which could lead to the leakage of personal user data. In 2024, he sounded a cautionary note on the i<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38956759/no-7t-server-farms-plz-ethereum-creator-vitalik-buterin-thinks-openai-chief-sam-altmans-vi">lls of &#8220;Superintelligent AI&#8221;</a> and urged people to push back against those rooting for it



Price Action: At the time of writing, ETH was exchanging hands at $4,662.41, down 1.11% 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/crypto/cryptocurrency/25/09/47658623/michael-saylors-bitcoin-only-prophecy-not-aging-well-as-wall-street-embraces-27-billion-in-ethereum-etfs-buzz-builds-around-xrp-and-even-dogecoin">Michael Saylor&#8217;s Bitcoin-Only Prophecy Not Aging Well As Wall Street Embraces $27 Billion In Ethereum ETFs, Buzz Builds Around XRP And Even Dogecoin</a></li>
</ul>



Photo courtesy: Zakharchuk on Shutterstock

Ethereum Foundation Releases Privacy-Focused Roadmap For Network, Lists Out Priority Goals

Economist&nbsp;Peter Schiff on Sunday&nbsp;took a dig at Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) underperformance amid record-breaking market highs in stocks and gold.



<h2 class="wp-block-heading">Schiff Questions Bitcoiners</h2>



In an X post, Schiff noted that while the Nasdaq Composite and the S&amp;P&nbsp;hit record highs and&nbsp;gold reached a new peak <a href="https://www.benzinga.com/markets/economic-data/25/09/47640392/with-a-fed-rate-cut-on-the-horizon-experts-say-these-3-asset-classes-could-be-game-changers-for-your-portfolio">ahead of a potential interest rate cut</a>, Bitcoin seemed to be the exception.



&#8220;While investors bought both risk assets and safe havens, they sold Bitcoin. Does this worry any Bitcoiners?&#8221; Schiff asked.



<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">In anticipation of inappropriate interest rate cuts, the NASDAQ and S&amp;P hit new record highs and gold hit a new record high, while silver and mining stocks broke out. But while investors bought both risk assets and safe havens, they sold Bitcoin. Does this worry any Bitcoiners?&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1967383665811542038?ref_src=twsrc%5Etfw">September 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">How Did The Assets Perform Last Week?</h2>



While Bitcoin barely moved in the last 24 hours of trading, it increased the most on a weekly basis, by 4.64%. Stock indexes and gold, despite trading at record levels, trailed the apex cryptocurrency.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Weekly Gains +/-</th><th>Price (Recorded at 9:25 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin</td><td>+4.64%</td><td>$116,134.63</td></tr><tr><td>Spot Gold &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+0.20%</td><td>$3,643</td></tr><tr><td>Nasdaq Composite</td><td>+1.32%</td><td>22,141.10</td></tr><tr><td>S&amp;P 500&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.39%</td><td>6,584.29</td></tr></tbody></table></figure>



See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/09/47660075/shiba-inus-layer-2-network-breached-over-1-million-each-in-ethereum-shib-stolen-how-it-was-" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s Layer-2 Network Breached, Over $1 Million Each in Ethereum, SHIB Stolen: How It Was Done</a>



<h2 class="wp-block-heading">Hayes Wants Perspective Changed</h2>



Arthur Hayes, Chief Investment Officer of&nbsp;Maelstrom&nbsp;and co-founder of&nbsp;BitMEX, defended Bitcoin&#8217;s performance in an interview aired Saturday, urging investors to &#8220;readjust their perspective&#8221; and focus on the bigger picture.



&#8220;If you take a very short time horizon, from a couple of months ago, and why isn&#8217;t Bitcoin at 150,000? Well, I&#8217;m sorry that you bought Bitcoin six months ago, but for anyone who bought it two, three, five, or 10 years ago, they&#8217;re laughing,&#8221; Hayes remarked.



He added that anyone who thought they could buy Bitcoin one day and be able to purchase a Lamborghini the next was likely to get liquidated. &#8220;It&#8217;s just not the right way to think about things.&#8221;



<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="Bitcoin To $700K And The Next 100X Altcoin Arthur Hayes" width="500" height="281" src="https://www.youtube.com/embed/4DplCy0ryxg?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>



The responses come <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47659883/bitcoin-ethereum-xrp-dogecoin-slip-ahead-of-fed-rate-cut-decision-analyst-predicts-short-term-dip-for-eth-before-10000-move">amid a dip in the cryptocurrency market</a>. Bitcoin fell below $115,000 overnight, after topping $116,000 earlier in the day. This occurred while stock futures soared as investors awaited the Federal Reserve&#8217;s decision on interest rate cuts.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/09/47660321/dogecoin-pumped-20-and-bonk-hit-13-but-this-sam-altman-linked-coin-crushed-them-both-last-week-heres-why" target="_blank" rel="noreferrer noopener">Dogecoin Pumped 20% And Bonk Hit 13%, But This Sam Altman-Linked Coin Crushed Them Both Last Week: Here&#8217;s Why</a></li>
</ul>



Photo Courtesy: DUSAN ZIDAR on Shutterstock.com



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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