XRP Whales Offload 200 Million Ahead Of ETF Launch: What Do They Know?

XRP XRP/USD is holding near the $3 level, with whale movements and rising real-world utility stoking bullish sentiment.

CryptocurrencyTickerPriceMarket Cap7-Day TrendXRPXRP/USD$3.02$180.9 billion+1.1%BitcoinBTC/USD$115,747.32$2.3 trillion+2%EthereumETH/USD$4,487.08$541.6 billion+3.2%

Trader Notes: Crypto chart analyst Ali Martinez flagged $2.78 as the key support to watch if selling pressure persists.

Statistics: Martinez highlighted that whales offloaded around 200 million XRP over the last two weeks raising curiosity if the big XRP holders know something that no one knows.

Glassnode data shows crypto rallied this week, but perpetual open interest in XRP has risen while Bitcoin and Solana…

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Federal Reserve Cuts Interest Rates By 25 Basis Points; Bitcoin Climbs Above $116,000

The Federal Reserve cut interest rates by a quarter percentage point on Wednesday, lowering its benchmark federal funds rate to a target range of 4.00% to 4.25%. The move, widely anticipated by markets, marks the central bank’s first rate reduction in years and reflects growing concern over slowing job growth and heightened downside risks to the U.S. economy.

In its statement, the Federal Open Market Committee (FOMC) noted that “recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated.”

The Fed…

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Michael Saylor Pushes Digital Capital Narrative At Bitcoin Treasuries Unconference

The suitcoiners are in town. 

From a low-key, circular podium in the middle of a lavish New York City event hall, Strategy executive chairman Michael Saylor took the mic and opened the Bitcoin Treasuries  Unconference event. He joked awkwardly about the orange ties, dresses, caps and other merch to the (mostly male) audience of who’s-who in the bitcoin treasury company world. 

Once he got onto the regular beat, it was much of the same: calm and relaxed, speaking freely and with confidence, his keynote was heavy on the metaphors and larger historical stories. Treasury companies are like Rockefeller’s Standard Oil in its early years, Michael Saylor said: We’ve just…

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Let insiders trade – Blockworks

This is a segment from The Breakdown newsletter. To read more editions, subscribe

​​“The most valuable commodity I know of is information.”

— Gordon Gekko, Wall Street

Ten months ago, FBI agents raided Shayne Coplan’s Manhattan apartment, ostensibly in search of evidence that the prediction market he founded, Polymarket, had illegally allowed US residents to place bets on the US election.

Two weeks ago, the CFTC gave Polymarket the green light to allow those very same US residents to place bets on whatever they like.

This is quite the turn of events — and it’s not just about elections or politics.

With its US government seal of approval in hand,…

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LATEST: CME Group To Launch Options On Solana And XRP Futures

CME Group, the world’s largest derivatives marketplace, announced plans to introduce options on Solana (SOL) and XRP futures starting October 13, 2025, pending regulatory approval. The move expands beyond Bitcoin and Ethereum, giving traders more tools to manage exposure to two fast-growing digital assets.

The new contracts will include both standard and micro-sized options with daily, monthly, and quarterly expiries, offering flexibility for institutions and active traders alike. CME highlighted the rapid growth of its Solana and XRP futures, with record trading volumes and open interest in August 2025. More than $22 billion in Solana futures and $16 billion in XRP futures have been traded since launch.

Industry leaders welcomed the announcement. Cumberland praised CME for broadening crypto offerings, while FalconX noted the rising demand for institutional hedging tools. With strong adoption and liquidity, this development underscores the increasing role of Solana and XRP in the global crypto market, signaling mainstream momentum for digital assets.

Source

The Channel Factories We’ve Been Waiting For

Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush. 

Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel…

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New York regulator directs banks to use blockchain analytics

The New York State Department of Financial Services (NYDFS) has instructed banking organizations under its supervision to adopt blockchain analytics tools as part of their compliance frameworks.

The notice, issued on Sept. 17, applies to state-chartered banks and branches of foreign institutions licensed in New York. Superintendent Adrienne Harris suggested the move reflects increasing exposure to digital assets through both customer activity and bank-led virtual currency initiatives.

The department first issued guidance in April 2022 requiring licensed virtual currency firms to employ blockchain analytics to trace transactions and assess risk. It later expanded oversight in…

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Wormhole launches reserve tying protocol revenue to token

Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term.

Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve.

The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn.

The team stressed that no new tokens are…

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Bullish secures New York BitLicense from NYDFS, paving way for US launch

Bullish has secured a coveted BitLicense from the New York State Department of Financial Services, clearing the way for the crypto exchange to operate in one of the toughest US jurisdictions.

The license, confirmed in a company statement on Wednesday, positions Bullish to expand into the American market after years of focusing abroad.

New York’s BitLicense, created in 2015, is widely seen as one of the strictest state regimes for digital asset firms. It requires licensees to meet stringent anti-money laundering and know-your-customer standards, hold sufficient reserves, and demonstrate strong cybersecurity protections. Fewer than 40 firms have obtained the license to date,…

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Forward Industries launches $4B Solana treasury equity plan

Forward Industries is continuing to bet big on Solana. The Nasdaq-listed company said on Wednesday that it will raise up to $4 billion through an at-the-market equity program, with proceeds aimed at expanding its SOL holdings.

The program, arranged with Cantor Fitzgerald, allows Forward to sell shares directly into the market over time instead of in a single issuance. The company said the flexible structure will support its Solana-focused treasury strategy, which has already included the purchase of more than 6.8 million SOL this year.

Chairman Kyle Samani described the program as a way to keep building the company’s Solana position while giving it room to fund other growth…

Read more on Blockworks