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CoinSmart Financial Inc
Overview
The cryptocurrency market is expected to grow at a compound annual growth rate of 30 percent from 2019 to 2026 and reach a market capitalization of US$5.2 billion by 2026. Because of the growth opportunities available, the overall crypto global population has more than doubled from 100 million in January 2021 to more than 200 million in May 2021, as per reports. To further fuel this growth, users will need platforms that they can trust without a shadow of a doubt. According to KPMG, one of the key factors that will be critical in the growth of the crypto economy are "trust agents" like regulators, auditors, academic institutions, consortiums, and trading platforms.
CoinSmart Financial is a leading Canadian-headquartered cryptocurrency asset trading platform dedicated to providing customers with an intuitive trading platform for buying and selling digital assets, like Bitcoin and Ethereum, combined with the seamless ability to on-ramp and off-ramp fiat. Clients' security and protection is the company's primary focus.
The company is registered as a money services business with financial regulators in Canada (through FINTRAC) and in the United States (through FinCEN). In addition, the company is registered with the Ontario Securities Commission as a restricted securities dealer in Ontario and all other Canadian jurisdictions.
In 2022, CoinSmart’s wholly owned operating subsidiary Simply Digital Technologies Inc. was acquired by Coinsquare Ltd., a Canadian crypto asset trading platform. The acquisition positions Coinsquare as one of Canada's largest crypto asset trading platforms and allows CoinSmart to hold approximately 12 percent ownership in Coinsquare on a pro-forma basis.
CoinSmart is registered with the Financial Intelligence Unit of Estonia for providing a virtual currency service and offers crypto asset trading services to select European countries and other markets. The company further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency customer and unparalleled 24/7 omni-channel customer success/support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services. The company ensures every client's needs are met with the highest level of quality and care.
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CoinSmart In Numbers
- Projected total revenue of $28 million for 2022 from $16.7 million in 2021
- Projected 334,000 registered users by December 31, 2022 compared to 182,000 in the same period last year.
- $1.3 billion worth of trading volume projected for 2022
- More than $1.5 billion worth of trading volume in four years
- $705 lifetime value
- $105 cost to acquire
- Customer satisfaction rate of 99.8 percent
NOTE: All the $ values are in CAD.
Strict Commitment To Transparency And Ethical Business Practices
CoinSmart obtained its Canadian FINTRAC license in 2018 before it was even required for virtual currency businesses. It is currently one of only two crypto platforms registered as a Marketplace with the Ontario Securities Commission.
The company has also acquired licenses and approvals for each jurisdiction it operates in, including the US and Estonia. The company is currently in the process of obtaining licenses and approvals for future geographic expansion in the European Union, Australia and Latin America.
As a publicly-traded company, CoinSmart is required to legally disclose the following information (not exhaustive):
- Annual audited financials and quarterly reporting from a tier 1 accounting firm
- Instances of insider trading
- Ownership changes
- Public filings for mergers and acquisitions.
In September 2022, CoinSmart, through its wholly-owned operating subsidiary Simply Digital Technologies Inc., was acquired by Coinsquare Ltd., a Canadian crypto asset trading platform. Under the purchase agreement, CoinSmart will hold approximately 12 percent ownership in Coinsquare.
Company Highlights
- CoinSmart is a Canadian cryptocurrency trading platform focused on building trust with users by delivering a safe, secure and intuitive platform for trading digital assets.
- The company is one of the first Canadian trading platforms to be compliant with the Financial Transactions and Report Analysis Centre of Canada (FINTRAC) and is committed to the safety and security of its users through strict compliance with regulations.
- The company has a strong user base and a high customer satisfaction rate of 99.8 percent. CoinSmart's revenue has grown tenfold in the first three years since its launch in 2018, and is projecting $1.3 billion in revenue for 2022.
- CoinSmart is led by an experienced management team with a strong history of success in online business, mergers and acquisitions, and exit strategies.
- In 2022, CoinSmart’s wholly owned operating subsidiary Simply Digital Technologies was acquired by CoinSquare, a Canadian crypto asset trading platform.
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Crypto Market Update: Spot Bitcoin ETFs See US$553 Million in Inflows, Dormant Whale Resurfaces
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$114,941, a 1 percent increase in 24 hours. Its highest valuation of the day was US$116,309, and its lowest was US$113,802.
Bitcoin price performance, September 12, 2025.
Chart via TradingView.
Ether (ETH) was priced at US$4,521.17, an increase of 2.5 percent over the past 24 hours. Its highest valuation on Friday was US$4,558.54, and its lowest was US$4,400.20.
Altcoin price update
- Solana (SOL) was priced at US$239.78, an increase of 5.3 percent over the last 24 hours. Its highest valuation on Friday was US$239.83, and its lowest level was US$225.74.
- XRP was trading for US$3.04, up by 1.2 percent in the past 24 hours. Its highest valuation of the day was US$3.07, and its lowest valuation was US$2.99.
- SUI (Sui) was valued at US$3.63, up by 0.4 percent in the past 24 hours. Its highest price on Friday was US$3.69 and its lowest was US$.358.
- Cardano (ADA) was priced at US$0.8895, up by 1.1 percent over 24 hours. Its highest valuation on Friday was US$0.9064, and its lowest was US$0.8743.
Today's crypto news to know
US Bitcoin ETFs extend inflow streak, adding US$553 million
Spot Bitcoin exchange-traded funds (ETFs) in the US attracted US$552.78 million in net inflows on Thursday (September 11), their fourth consecutive day of investor demand.
According to data from SoSoValue, this is the longest run spot Bitcoin ETFs have been on since late August, when inflows coincided with the cryptocurrency's climb to a record high above US$123,000.
Wednesday’s (September 10) US$757.14 million intake was the biggest single-day gain since July.
In addition to the upsurge for spot Bitcoin ETFs, Ether ETFs have also returned to positive territory after a six day losing streak drained more than US$1 billion. Analysts have tied the flows to expectations of a US Federal Reserve rate cut on September 17, which could boost risk assets across the board.
Dormant Bitcoin whale resurfaces after 13 years
A long-silent Bitcoin wallet holding 444.81 BTC, currently worth over US$50 million, has suddenly sprung to life after 13 years of inactivity. On Wednesday, blockchain monitors flagged transfers of 132.03 BTC to a new address and 5 BTC to Kraken, sparking speculation about the motives behind the move.
The wallet had been inactive for 13 years, raising questions among investors about whether the original owner has regained access, or if coins have changed hands. Historically, dormant wallets often capture market attention as their moves can precede larger sales or signal shifting long-term sentiment.
The timing also comes amid Bitcoin’s latest rally above US$115,000.
Gemini prices IPO at US$28, set to trade on Nasdaq
Gemini Trust Company, the exchange founded by Tyler and Cameron Winklevoss, has priced its initial public offering (IPO) at US$28 per share, above earlier expectations.
The stock will begin trading on the Nasdaq Global Select Market under the ticker “GEMI,” marking one of the year’s most closely watched crypto debuts. Strong investor demand pushed the price well past the originally targeted US$17 to US$19 range, with underwriters holding an option to buy extra shares.
The company won’t directly benefit from secondary sales, though the deal signals strong interest in public crypto firms.
Gemini reported US$142.2 million in revenue last year, with nearly 70 percent coming from trading fees, but also posted widening losses that hit US$282.5 million in the first half of 2025.
Despite its expected IPO success, the company faces lingering scrutiny, having settled a US$5 million Commodity Futures Trading Commission case in January over alleged misstatements tied to Bitcoin futures.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Crypto Market Update: Klarna Raises US$1.37 Billion in IPO, SEC Shares Crypto Blueprint
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$113,543, a 1.9 percent increase in 24 hours. Its highest valuation of the day was US$114,246, and its lowest was US$112,205.
Bitcoin price performance, September 10, 2025.
Chart via TradingView.
Bitcoin broke through US$114,000 on Wednesday after US producer price index numbers for August came in lower than expected, thanks to a decline in the cost of services.
Crypto trader Rekt Capital has identified US$113,000 as a potential resistance zone.
“Each rejection from $113k (red) has yielded shallower and shallower pullbacks,” he commented. "It has taken some time but it is increasingly looking like $113k is weakening as a point of rejection."
“It's unlikely Bitcoin has already peaked in its Bull Market because that would effectively mean that this cycle was one of the shortest of all time,” he said in another post, suggesting Bitcoin could have more room to run.
Ether (ETH) was priced at US$4,324.50, an increase of 0.7 percent over the past 24 hours. Its highest valuation on Wednesday was US$4,437.72, and its lowest was US$4,305.60.
Altcoin price update
- Solana (SOL) was priced at US$221.78, an increase of 2.4 percent over the last 24 hours. Its highest valuation on Wednesday was US$224.95, and its lowest level was US$219.27.
- XRP was trading for US$2.98, up by 0.4 percent in the past 24 hours. Its highest valuation of the day was US$3.02, and its lowest valuation was US$2.96.
- SUI (Sui) was valued at US$3.55, up by 2.3 percent in the past 24 hours. Its highest price on Wednesday was US$3.62 and its lowest was US$.351.
- Cardano (ADA) was priced at US$0.8757, up by 1.5 percent over 24 hours. Its highest valuation on Wednesday was US$0.8933, and its lowest was US$0.8726.
Today's crypto news to know
Klarna secures US$1.37 billion in New York IPO
Klarna (NYSE:KLAR) raised US$1.37 billion in its US initial public offering (IPO) this week, marking one of the largest fintech listings of the year and a potential catalyst for other high-growth firms eyeing Wall Street.
The Swedish buy-now-pay-later company sold 34.3 million shares at US$40 each, topping its expected price range and valuing the firm at roughly US$15 billion. Investor appetite was strong, with the deal oversubscribed 25 times. The figure, however, is still far below the US$45 billion valuation it commanded at the peak of its pandemic surge.
Klarna, backed by Sequoia Capital, has been unprofitable since expanding aggressively in the US, where costs have climbed faster than revenues. The company's losses widened to US$52 million in the second quarter, but overall sales still grew nearly 21 percent year-on-year.
SEC unveils "bold blueprint" for crypto regulation
At an Organization for Economic Cooperation and Development roundtable in Paris, France, on Wednesday, US Securities and Exchange Commission (SEC) Chair Paul Atkins outlined a “bold blueprint” to accommodate blockchain-based financial markets with modern securities regulations under the Project Crypto initiative.
“It is a new day at the SEC,” Atkins said. “Policy will no longer be set by ad hoc enforcement actions. We will provide clear, predictable rules of the road so that innovators can thrive in the United States.
Under the SEC’s new regulatory approach, most crypto tokens will not be classified as securities. The initiative also aims to modernize securities rules to enable crypto platforms to operate as so-called super apps that offer trading, lending and staking services under one unified regulatory framework. Additionally, the SEC is preparing for the expanding role of artificial intelligence (AI) in finance by creating an AI task force and encouraging innovation in agentic finance.
Paxos teams up with PayPal and Venmo for USDH stablecoin
Stablecoin issuer Paxos has updated its proposal to issue USDH, the planned stablecoin of decentralized exchange Hyperliquid, adding support from PayPal Holdings (NASDAQ:PYPL) and Venmo.
According to the announcement, PayPal will support both the HYPE token and USDH at its checkout, as well as provide US$20 million in incentives committed to the HYPE ecosystem.
The company will also integrate USDH into its payment app, Venmo and its money remittance service, Xoom.
Paxos indicated that USDH could achieve global circulation due to its regulatory status within the EU. “Paxos is the only issuer in the world today that can ensure that USDH can scale globally in a fully compliant manner,” it said.
The company reiterated that its commitment to Hyperliquid is structured so that “Paxos only wins if Hyperliquid wins,” meaning its revenue share from the USDH stablecoin only begins after reaching significant growth milestones, and all revenue from USDH will be reinvested into growing Hyperliquid and its ecosystem until it reaches a TVL of US$1 billion. Beyond a TVL of US$5 billion, Paxos will cap its revenue share at 5 percent.
Cboe to launch long-term BTC and ETH futures
Cboe Global Markets announced on Wednesday that it plans to launch 10 year continuous futures contracts for Bitcoin and Ether from November 10, 2025, pending regulatory approval.
Traditional futures contracts have short durations and expire regularly, requiring traders to roll their positions into new contracts, which can be complex and costly. Cboe’s proposed product means investors will be able to hold a position in Bitcoin or Ether futures for up to 10 years, offering a new way for investors to gain or manage long-term exposure.
These contracts are cash settled and priced in alignment with the real-time spot prices of Bitcoin and Ethereum, and will use a daily funding rate adjustment to keep the futures price closely tied to the underlying crypto price, functioning similarly to popular perpetual futures in decentralized finance markets.
This launch marks Cboe’s expansion into offering perpetual-style crypto futures under US regulation.
India leans away from sweeping crypto regulation
India is signaling it will avoid a full-scale regulatory framework for cryptocurrencies, according to a government paper reviewed by Reuters. The document reiterates the Reserve Bank of India’s view that regulating digital assets could unintentionally confer legitimacy and increase risks to the broader financial system.
Instead, officials are leaning toward limited oversight, wary of speculative trading and systemic contagion.
This stance comes as other major economies, including Japan and Australia, advance regulatory regimes while China keeps its outright ban in place. US developments, including federal recognition of stablecoins, have added pressure on India to clarify its position, but policymakers remain cautious. Attempts to ban private cryptocurrencies in 2021 stalled, and a planned 2024 discussion paper was shelved pending international consensus.
For now, India is prioritizing containment over expansion, even as Bitcoin prices and global adoption hit record highs.
Rapyd launches stablecoin payment suite
Fintech platform Rapyd has introduced its Stablecoin Payment Solutions, giving businesses the ability to accept, settle and pay out using stablecoins through one integrated system. The offering is pitched as an answer to fragmented global money movement, consolidating what has often required multiple providers into a single platform.
Rapyd aims to tap over US$27 trillion in stablecoin transaction volume recorded across blockchains this year.
The platform enables real-time payouts, treasury management and currency conversion, potentially easing reliance on traditional rails like SWIFT. Executives at the company say the new service is aimed at industries ranging from gaming to global e-commerce, where speed and liquidity are critical.
As both US and European regulators formalize rules under the GENIUS Act and MiCA, Rapyd is betting that its unified approach can help enterprises cut costs and streamline cross-border operations.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Crypto Market Update: CoinShares Prepares for Nasdaq Listing, Robinhood Secures S&P 500 Spot
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$112,040 a 0.8 percent increase in 24 hours. Its highest valuation of the day was US$111,776 and its lowest was US$112,806.
Bitcoin price performance, September 8, 2025.
Chart via TradingView.
Bitcoin rebounded above US$111,000 as the weekly candle closed on Sunday (September 7) night, with analysts projecting that a flip above US$113,000 could restart its bull run. Popular trader CrypNuevo has identified US$106,700 as a critical liquidity and support level to watch, where a failure to hold could expose further declines.
A more bearish forecast from Telegram analytics channel Coin Signals suggests a possible 30 percent correction from the local top, implying a bottom near US$87,000 could come in late September or early October. Crypto trader ZYN’s Fibonacci analysis supports US$100,000 as a logical bottom, corresponding to the 0.382 retracement level.
The 50 and 200 day moving averages, US$115,035 and US$101,760, respectively, are seen as critical for price reaction.
As of Monday afternoon, Bitcoin had consolidated between about US$110,000 and US$112,800.
Ether (ETH) was priced at US$4,290.43, trading flat over the past 24 hours. Its lowest valuation on Monday was US$4,301.21 and its highest was US$4,380.60.
Altcoin price update
- Solana (SOL) was priced at US$215.77, an increase of 6.4 percent over the last 24 hours. Its lowest valuation on Monday was US$213.28, and its highest level was US$216.73.
- XRP was trading for US$2.98, up by 4.1 percent in the past 24 hours. Its lowest valuation of the day was US$2.93, while its highest was US$2.99.
- SUI (Sui) was priced at its lowest valuation of the day, US$3.45, up by 2.1 percent in the past 24 hours. Its highest valuation on Monday was US$3.51.
- Cardano (ADA) was priced at US$0.8614, up by 4 percent. Its lowest valuation on Monday was US$0.8489, and its highest was US$0.8683.
Today's crypto news to know
CoinShares to list on Nasdaq via US$1.2 billion SPAC deal
European asset manager CoinShares is preparing to list on the Nasdaq in the US following a definitive business combination agreement with Vine Hill Capital Investment (NASDAQ:VCICU), a publicly traded special purpose acquisition company (SPAC). The company made the announcement on its website on Monday.
The deal, which values CoinShares at US$1.2 billion pre-money on a pro-forma basis, is expected to enable direct investor participation in trading CoinShares stock and support the company's global expansion initiatives.
“This transaction represents far more than a change of listing venue from Sweden to the United States,” said Jean-Marie Mognetti, co-founder and CEO of CoinShares, in a press release.
"It signals a strategic transition for CoinShares, accelerating our ambition for global leadership, supported by favorable regulatory tailwinds. The case for digital assets as an investment class and blockchain as a transformative technology has reached a decisive inflection point and can no longer be ignored. There is no going back.”
The deal is expected to close by the end of Q4, subject to shareholder and regulatory approvals.
Nasdaq files plan to launch tokenized securities trading
The Nasdaq is seeking regulatory approval to allow tokenized securities on its main US exchange in what could be a landmark moment for blockchain-based finance. According to Reuters, a proposal filed with the US Securities and Exchange Commission (SEC) would let listed equities and exchange-traded funds trade in either traditional or tokenized forms, creating a bridge between legacy markets and digital settlement systems.
If approved, it would be the first time for a national exchange to host tokenized securities, a move expected to boost liquidity and attract new classes of investors. The filing coincides with a growing regulatory shift as the SEC considers amendments to accommodate crypto trading on national exchanges.
The exchange joins a growing roster of financial giants exploring tokenization strategies. Tokenized markets are edging closer to mainstream adoption under the Trump administration’s lighter regulatory approach.
Robinhood set to join the S&P 500 after crypto-driven rally
Robinhood Markets (NASDAQ:HOOD) will be joining the S&P 500 (INDEXSP:.INX) later this month, capping a turnaround fueled by the crypto boom and surging retail interest.
The online broker, which once traded below its initial public offering price of US$38, has seen its shares triple in 2025 after climbing past US$100, with strong profits linked to digital asset trading.
Effective September 22, the inclusion comes alongside AppLovin (NASDAQ:APP) and EMCOR Group (NYSE:EME), highlighting Robinhood’s emergence from its early post-IPO struggles.
Investors point to the company’s pivot into crypto as a key driver, with trading volumes and profitability rebounding under a friendlier US regulatory climate. The SEC also recently dropped an investigation into the platform’s handling of crypto listings. Shares of the company jumped nearly 14 percent in Monday’s session on the S&P news.
Forward secures US$1.65 billion for Solana treasury strategy
Design and manufacturing company Forward Industries (NASDAQ:FORD) said Monday that it has secured US$1.65 billion in cash and stablecoin commitments from crypto-native companies Galaxy Digital (NASDAQ:GLXY), Jump Crypto and Multicoin Capital, along with other participants, to launch a Solana-focused crypto treasury strategy.
“Solana has emerged as one of the most innovative and widely adopted blockchain ecosystems in the world. Our strategy to build an active Solana treasury program underscores our conviction in the long-term potential of SOL and our commitment to building shareholder value by directly participating in its growth,” said CEO Michael Pruitt.
According to the announcement, Forward plans to position itself as a publicly traded institutional vehicle, with plans to generate onchain returns and long-term value through participation in the Solana ecosystem.
Strategy doubles down with US$217 million BTC purchase
Strategy (NASDAQ:MSTR), Michael Saylor’s Bitcoin-heavy firm, has expanded its holdings with a fresh purchase of US$217.4 million worth of BTC after being excluded from the S&P 500.
The acquisition of 1,955 BTC at an average price of US$111,196 lifts the company’s total stash to 638,460 BTC, worth roughly US$71.5 billion. The move continues Strategy’s relentless Bitcoin accumulation strategy, even as rivals like Robinhood edge ahead in traditional equity benchmarks.
To fund the buy, the firm sold nearly 600,000 shares through its at-the-market program.
Largest-ever supply chain attack targets JavaScript libraries
In what’s being called the largest supply chain attack in history, hackers have broken into the node package manager (NPM) account of a well-known developer, adding malware to widely used JavaScript software libraries.
The malware reportedly swaps or hijacks crypto wallet addresses.
“There’s a large-scale supply chain attack in progress: the NPM account of a reputable developer has been compromised,” Ledger CTO Charles Guillemet warned on Monday. “The affected packages have already been downloaded over 1 billion times, meaning the entire JavaScript ecosystem may be at risk.
“If you use a hardware wallet, pay attention to every transaction before signing and you're safe,” he continued. “If you don’t use a hardware wallet, refrain from making any on-chain transactions for now.”
NPM is a central library where developers can share and download small code packages to build JavaScript projects. The attackers reportedly planted a crypto clipper, a type of malware that covertly replaces wallet addresses during transactions to divert funds, in several of these packages. The situation is currently being remediated, with the code having been removed from most of the affected packages, as per the latest update.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Crypto Market Update: Bitcoin Climbs Back to US$113,000 Ahead of US Jobs Report
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$112,668, a 1.8 percent increase in 24 hours. Its lowest valuation of the day was US$109,399, and its highest was US$112,965.
Bitcoin price performance, September 5, 2025.
Chart via TradingView.
Ether (ETH) was priced at US$4,432.69, up by 1.2 percent over the past 24 hours. Its lowest valuation on Friday was US$4,269.81 and its highest was US$4,447.28.
Altcoin price update
- Solana (SOL) was priced at US$207.32, trading flat over the last 24 hours. Its lowest valuation on Friday was US$201.33, and its highest level was US$208.25.
- XRP was trading for US$2.86, up by 0.9 percent in the past 24 hours. Its lowest valuation of the day was US$2.78, and its highest price was US$2.87.
- SUI (Sui) was trading for US$3.41, up by 3.2 percent in the past 24 hours, its highest valuation of the day. Its lowest for Friday was US$3.24.
- Cardano (ADA) was priced at US$0.8412, up by 3.3 percent. Its lowest valuation for Friday was US$0.8043, and its highest point was US$0.8426.
Today's crypto news to know
Bitcoin reclaims US$113,000 level ahead of US jobs report
Bitcoin surged to US$113,000 on Friday, its strongest level since late August, ahead of the US jobs report.
The rally pushed Bitcoin dominance to nearly 59 percent, the highest in two weeks, suggesting capital is flowing back into the cryptocurrency after weeks of rotation into Ether. Analysts are pointing to the “max pain” effect as a possible driver, with US$3.28 billion in Bitcoin options expiring around a strike price of US$112,000.
The theory suggests that options sellers, often institutions, steer prices toward the level where most options buyers lose money. On this occasion, Bitcoin’s price movement matches the theory almost exactly, a rare alignment.
Still, traders remain split on whether max pain has predictive power in digital assets. All eyes are now turning to the US jobs report, which could set the tone for Bitcoin's next major move.
Fireblocks launches payments network for stablecoin transactions
Digital asset infrastructure firm Fireblocks has rolled out a new network designed specifically for stablecoin transfers among banks, payment providers and crypto institutions. The Fireblocks Network for Payments supports cross-border treasury flows, corporate payouts, remittances and merchant settlements through a single API.
More than 40 partners, including Circle Internet Group (NYSE:CRCL), Paxos and Swiss bank Sygnum, are already live on the platform. What sets the service apart is its built-in compliance layer, which handles anti-money laundering, sanctions and travel-rule requirements across all transactions.
Fireblocks also has integrated its own verification tools alongside partnerships with firms like Notabene, Elliptic and Chainalysis to ensure adherence to regulatory standards.
Gemini expands EU presence with staking and perpetual futures
Crypto exchange Gemini has broadened its European services with new staking and derivatives products under the region’s MiCA regulatory framework. Customers can now stake Ether and Solana directly through Gemini, with Ether rewards varying and Solana yields offered at up to 6 percent.
In addition, the exchange has launched Gemini Perpetuals, a futures product denominated in USDC that offers up to 100x leverage without expiration. The new services also operate under the firm’s MiFID II license as the exchange seeks further compliance with clearer rules for crypto assets.
Gemini recently moved its European base of operations to Malta to align with MiCA requirements. The company said the expansion reflects Europe’s importance as a growth market for regulated digital asset products.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Crypto Market Update: SEC, CFTC Open Door to Spot Crypto Trading on Registered Exchanges
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$112,188, a 1.4 percent increase in 24 hours. Its lowest valuation of the day was US$111,203, and its highest was US$112,502.
Bitcoin price performance, September 3, 2025.
Chart via TradingView.
Crypto sentiment has rebounded after Bitcoin's dip below US$110,000 last week.
According to trader CrypNuevo, the coin's retreat was a "false move." A potential interest rate cut from the US Federal Reserve on September 17 could act as a bullish catalyst for risk assets.
Ether (ETH) was priced at US$4,476.03, up by 4.8 percent over the past 24 hours. Its lowest valuation on Wednesday was US$4,377.97 and its highest was US$4,486.12.
Altcoin price update
- Solana (SOL) was priced at US$210.18, up by 2.4 percent over 24 hours. Its lowest valuation on Wednesday was US$209.09, and its highest level was US$212.41.
- XRP was trading for US$2.86, up by 1.5 percent in the past 24 hours. Its lowest valuation of the day was US$2.85, and its highest price was US$2.88.
- SUI (Sui) was trading for US$3.40, up by 2.6 percent in the past 24 hours, its highest valuation of the day. Its lowest for the day was US$3.3.35.
- Cardano (ADA) was priced at US$0.8405, up by 2.6 percent. Its lowest valuation for Wednesday was US$0.8328, and its highest point was US$0.8417.
Today's crypto news to know
US regulators clear path for spot crypto products
The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) will allow registered exchanges to offer certain spot crypto products, a move that could reshape US digital asset trading.
In a joint statement on Tuesday (September 2), the agencies said exchanges under their oversight will be permitted to facilitate transactions tied to leverage, margin and financed spot retail commodity products.
While no specific coins were named, the message signals a coordinated approach to expanding investor access.
The statement builds on an earlier call for regulatory clarity in digital finance from the president's Working Group on Digital Asset Markets. It also comes as the Trump administration continues rolling back lawsuits and enforcement actions that dogged the cryptocurrency sector under previous leadership.
In a statement posted on X, CFTC Acting Chair Caroline Pham called the decision “another win on regulatory clarity.”
Winklevoss-backed Bitcoin firm to go public in Amsterdam
A Bitcoin treasury company supported by Cameron and Tyler Winklevoss is heading for the public markets in the Netherlands, Reuters reported. It will list via a reverse takeover of Dutch investment vehicle MKB Nedsense.
The firm, called Treasury, will be backed by Winklevoss Capital and Nakamoto Holdings. Treasury has already raised 126 million euros and built a stash of more than 1,000 BTC.
The deal values Treasury at a hefty premium, with plans to consolidate shares at 2.10 euros apiece. Bitcoin-only treasury firms have grown in appeal as the world’s largest cryptocurrency keeps smashing record highs.
While Europe has rolled out several Bitcoin-linked exchange-traded products, investor uptake has lagged behind the US spot exchange-traded fund (ETF) boom. Treasury’s listing places a bold bet that Amsterdam can become a hub for institutional Bitcoin holdings, with trading set to start under the ticker TRSR.
CFTC grants Polymarket regulatory clarity for US relaunch
In a Wednesday notice, the CFTC said it has issued a no-action letter to QCX and QC Clearing.
The two entities were recently acquired by prediction market platform Polymarket so that the company could gain the legal and regulatory licenses it needed to operate in the US. This new development essentially gives Polymarket temporary relief from reporting and record-keeping rules for its event contracts.
The letter also provides Polymarket with the regulatory clarity to officially relaunch its platform for users in the US. “This process has been accomplished in record timing,” said CEO Shayne Coplan in an X post. “Stay tuned.”
Bancorp to relaunch digital asset custody services
US Bancorp (NYSE:USB), a prominent financial institution, is restarting its digital asset custody services, specifically targeting institutional investment managers. This strategic move comes as the Trump administration continues its efforts to foster a more crypto-friendly regulatory environment. Previous SEC regulations compelled banks to allocate substantial capital on their balance sheets for cryptocurrency-related activities.
US Bancorp will initially offer Bitcoin custody services, targeting registered investment funds and existing Bitcoin ETF providers. Crypto firm NYDIG will act as the sub-custodian. The bank may broaden its custody offerings to include other cryptocurrencies, provided they meet its stringent internal risk and compliance standards.
Trust Wallet integrates tokenized US stocks and ETFs
Binance co-founder Changpeng CZ Zhao’s Trust Wallet has integrated tokenized US stocks and ETFs through partnerships with Ondo Finance and 1inch. The integration became official on Wednesday following an announcement in June to introduce real-world asset (RWAs), tokens that represent traditional financial assets.
Ondo Finance will provide the tokenized RWA assets, while 1Inch is enhancing the swap functionality to ensure smooth and efficient transactions. The platform supplying the assets launched on the Ethereum blockchain with over 100 tokenized stocks and ETFs, with plans to offer 1,000 by the end of the year.
The company also plans to support BNB Chain and Solana in the near future.
Ethereum Foundation to sell US$43 million in ETH for ecosystem funding
The Ethereum Foundation has announced plans to offload another 10,000 ETH, valued at roughly US$43 million, to finance research, ecosystem grants and philanthropic work. The organization said the tokens will be sold gradually through centralized exchanges rather than in a single transaction, aiming to avoid market disruption.
Just weeks ago, the foundation sold a similar tranche to SharpLink Gaming (NASDAQ:SBET), making that firm the first public company to directly acquire ETH from the network’s core steward. In June, the foundation unveiled a new treasury framework that caps annual spending at 15 percent and builds a long-term reserve buffer.
Ether saw a recent surge in price as it touched a record high of US$4,866 in late August.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Crypto Market Update: Stablecoins Top US$283 Billion in Circulation, Bitcoin Decline Continues
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$108,292, a 3.2 percent decrease in 24 hours. It opened at its highest valuation of the day, US$110,473. Its lowest valuation today was US$108,107.
Bitcoin price performance, August 29, 2025.
Chart via TradingView.
Bitcoin's slip below the US$110,000 threshold stoked fears of a broader crypto market correction on Friday as liquidations doubled, the US Federal Reserve’s preferred inflation gauge showed persistent price pressures, and Bitcoin flashed a potential risk pattern. Analysts warned the token could be edging toward bear market territory.
According to analyst Rekt Capital, BTC needs to regain US$114,000 as support to prevent an extended correction period.
Adding to volatility, a long-dormant Bitcoin whale that resurfaced this month — after buying US$2.5 billion in Ethereum — shifted another US$1.1 billion on Friday.
Ether (ETH) was priced at US$4,345.17, down by 2.3 percent over the past 24 hours. Its highest valuation today was US$4,389.08, and its lowest was US$4,279.96.
Altcoin price update
- Solana (SOL) was priced at US$203.21, down by 3.5 percent over 24 hours. Its lowest valuation on Friday was US$201.61, and its highest valuation was US$211.02.
- XRP was trading for US$2.82, down by 4.4 percent in the past 24 hours. Its lowest valuation of the day was US$2.80, and its highest was US$2.87.
- SUI (Sui) was trading for US$3.26, down by 4.8 percent in the past 24 hours. Its lowest valuation of the day was US$3.22, and its highest level of the day was US$3.35.
- Cardano (ADA) was priced at US$0.8204, down by 3.1 percent. Its lowest valuation for Friday was US$0.8131, and its highest valuation was US$0.8314.
Today's crypto news to know
Stablecoins cross US$283 billion threshold record
The stablecoin market reached a new milestone on Friday as total supply climbing to $282.8 billion, according to data from DefiLlama. That marks a 128 percent increase since January, driven by stronger demand for dollar-pegged tokens and fresh regulatory clarity in the US. The surge also follows passage of the GENIUS Act, which sets out federal guidelines for stablecoin issuers and has been billed as a growth catalyst within the sector.
Analysts say stablecoins now serve as a “distribution channel” for US dollars, powering cross-border payments and on-chain settlement systems.
Trump-linked miner American Bitcoin targets September Nasdaq listing
American Bitcoin, a mining company backed by Eric Trump and Donald Trump Jr., is preparing to list on Nasdaq in September following its merger with Gryphon Digital Mining, Reuters reported.
The firm is majority owned by Hut 8 Mining (TSX:HUT,NASAQ:HUT), which controls 80 percent of the business, while the Trump brothers are expected to collectively hold about 19 percent. The company has already raised $220 million to expand its operations and accumulate Bitcoin, adding 215 BTC to its balance sheet as of June.
With Bitcoin trading near US$112,000 this week, that stash is valued at roughly US$24 million.
CEO Asher Genoot said American Bitcoin aims to become one of the largest US mining firms, with backing from high-profile investors including Gemini founders Tyler and Cameron Winklevoss.
Hut 8’s own share price has rallied 29 percent this year. If listed today, American Bitcoin would rank among the top 30 public companies holding Bitcoin in the US.
Eric Trump hails US-China leadership in Bitcoin
Speaking at the BTC Asia conference in Hong Kong, Eric Trump praised China’s influence on the digital asset industry and said the US and Beijing were “leading the way” in shaping Bitcoin’s future.
He credited the Middle East as another fast-moving hub for crypto adoption, while stressing Bitcoin’s ability to unite people across borders and cultures.
The younger Trump also added that his father’s administration had accelerated digital asset policy faster in seven months than the prior decade managed. He described America as “winning the digital revolution” with support from Wall Street institutions, sovereign wealth funds, and retirement investors.
Asked whether Bitcoin would be on the agenda in an upcoming US-China trade meeting, he suggested broader topics would dominate but said he “would certainly love to talk about bitcoin.”
21Shares files for SEI-tracking ETF
Crypto asset manager 21Shares has submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that would track the price of SEI.
The proposed ETF would utilize CF Benchmarks, a crypto price index provider, to track SEI's price using data from multiple crypto exchanges. Coinbase Custody Trust Company is slated to act as the SEI custodian.
SEI is the native token of the SEI network, a layer-1 blockchain launched in 2023. The network specializes in trading infrastructure for decentralized exchanges and marketplaces, using the SEI token for network gas fees and governance participation. 21Shares is also exploring the possibility of staking SEI to generate additional returns, though the firm noted in its filing that it is still investigating potential "undue legal, regulatory or tax risk" associated with this practice.
In an X post, 21Shares said the ETF filing is a “key milestone in our vision to expand exchange-traded access to the SEI Network.” US digital asset investment firm Canary Capital also applied for an SEI ETF in April.
Bloomberg’s James Seyffart has listed all 92 crypto ETPs filings and applications awaiting SEC decisions.
US Department of Commerce to publish economic data onchain
The US Department of Commerce (DOC) announced on Wednesday (August 27) that it will begin publishing official economic data on at least nine public blockchains.
Its stated goal is to make vital information immutable and tamper-proof.
In a significant move for the industry that further underscores the potential of decentralized technology to improve governmental operations, the department is collaborating with blockchain data providers Chainlink and Pyth Network to serve as a bridge across various networks, including Bitcoin, Ethereum and Avalanche.
Chainlink will supply data feeds from the Bureau of Economic Analysis, while Pyth will publish GDP data. The DOC will also publish the Personal Consumption Expenditures Price Index and Real Final Sales to Private Domestic Purchasers.
Reports also indicate that exchanges like Coinbase Global (NASDAQ:COIN), Gemini and Kraken helped facilitate the process by assisting with the transactions required to publish the data on-chain.
Aave protocol's total value locked surges past US$40 billion
While the DOC's announcement is a major positive for the entire crypto space, the Aave protocol has seen a remarkable surge in its total value locked, exceeding US$40 billion. This comes after the lending platform launched the Horizon RWA Market on Tuesday (August 26), the first real-world application of its ongoing V4 upgrade strategy.
Crypto intelligence platform Nansen also noted the surge in transaction volume on Avalanche this week, with over 11.9 million transactions recorded across over 181,300 active addresses, an increase of 66 percent.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.