Author: John Smith

Ripple’s RLUSD has reached a circulating supply of about 2.49 billion tokens as the value of stablecoins on the XRP Ledger has risen roughly 6% in a week. Summary CoinMarketCap places RLUSD’s circulating supply near 2.49 billion tokens, up from the $2 billion milestone Ripple reported in August. DefiLlama data cited in the source report puts XRPL stablecoins near $1.19 billion, led by RLUSD. RLUSD is issued across several networks, so its total supply exceeds the amount held on XRPL. Standard Custody issues the dollar-pegged token under New York state supervision. CoinMarketCap data places RLUSD’s circulating supply at approximately 2.49…

Solana’s Alpenglow upgrade has reached its public developer network, letting application teams test a system designed to cut transaction finality from about 12.8 seconds to roughly 150 milliseconds. Summary Alpenglow is active on Solana’s devnet and testnet, while mainnet still uses the current consensus system. The upgrade replaces onchain validator vote transactions with direct votes that can finalize a block in one or two rounds. Applications that only send transactions and read balances need no migration, but block-data services must update their systems. Anza has announced no firm date for Alpenglow’s mainnet activation. According to the Solana Foundation’s upgrade page,…

Bitget has set a Sep. 28 restart for Bitcoin withdrawals after a Sep. 24 security incident, with Ether, USDT, and other withdrawal services scheduled to follow through Oct. 2. Summary Bitcoin withdrawals are scheduled to reopen at 08:00 UTC on Sep. 28. ETH and USDT withdrawals are set to return on selected networks over the following two days. Bitget says it has fixed the vulnerabilities and is carrying out further security checks. A later account of the incident put transfers to attacker-controlled addresses at about $387.5 million. Bitget said in an update that its technical team had identified and fixed…

The Sixth Circuit ruled against Kalshi in Ohio and Tennessee a month after another appeals court sided with Nevada. New Jersey still has a conflicting ruling. The question for a national market is now practical as well as legal: can an exchange offer the same sports contract across state lines when its federal registration does not necessarily protect it from state gambling law? Summary A three-judge Sixth Circuit panel ruled on Sept. 25 in two cases involving Ohio and Tennessee. The ruling affirmed 1 denied injunction in Ohio and vacated 1 granted injunction in Tennessee. Three federal appellate circuits have…

Bitcoin has gained about 3.8% over seven days as U.S. spot Bitcoin ETFs have drawn $2.39 billion this week, while Quant, Ethena and Bitway have led the 100 largest crypto assets by weekly price gain. Summary Quant rose 61.8% after The Clearing House selected it for a U.S. tokenized-deposit network. Ethena gained 54.1% as it expanded USDe’s backing strategy into tokenized stocks and equity futures. Bitway climbed 48.0%, although a sharp daily reversal put its weekly advance under pressure. Bitcoin held near $84,000 after reaching an eight-month high above $87,000 earlier in the week. According to CoinGecko, Bitcoin traded near…

Backpack CEO Armani Ferrante has laid out a plan to expand tokenized stock access on Solana from about 200 symbols to 10,000, with shares moving between brokerage accounts and decentralized finance through one API. Summary Ferrante described 10,000 stock symbols as Backpack’s next target, without giving a rollout date. Backpack already lets eligible users convert certain brokerage holdings into Solana tokens and back. The SEC’s new tokenized stock trading exemption applies only to venues that meet its conditions. According to a post shared by Solana on Sep. 26, Ferrante wants to make the full stock market available through a system…

Bitget has launched a recovery bounty offering 5% for freezing stolen assets and another 5% for recovering them after an attack it initially valued at $351.6 million. Summary Bitget offers separate 5% rewards for eligible efforts that freeze or recover stolen funds. The exchange has raised its estimate of assets transferred to attacker addresses to $387.5 million. Circle and Tether have frozen about $318,000 in USDC and USDT linked to the attack. Bitget plans to restore withdrawals in phases starting Sep. 28. Bitget CEO Gracy Chen announced the bounty on X and called on exchanges, security researchers, and on-chain investigators…

The US Commodity Futures Trading Commission has begun preparing financial markets for what Chair Michael Selig called “mass tokenization,” as the agency works to adapt existing rules for blockchain, artificial intelligence and onchain finance. Summary CFTC Chair Michael Selig said financial markets should prepare for mass tokenization, with real world assets potentially settling almost instantly on blockchain based infrastructure. Selig said tokenized collateral could move in real time between clearinghouses, intermediaries and users as the CFTC adapts existing rules for onchain markets. The CFTC is moving ahead with crypto regulation under its existing authority after the Senate failed to advance…

Bitwise has launched its first exchange traded product tracking Lighter’s LIT token on Deutsche Börse Xetra, giving European investors access to the asset through conventional brokerage accounts. Summary Bitwise has launched its Lighter Staking ETP on Deutsche Börse Xetra, giving European investors access to LIT through regular brokerage accounts. BLIT held roughly $4.74 million in assets backed by 1.01 million LIT at launch, making its current holdings small compared with LIT’s overall market value. LIT traded around $5 on Sept. 23 after gaining close to 9% over 24 hours, though the token was already moving higher before the ETP launch.…

PEPE has held above its early-September breakout zone near $0.0000044 despite pulling back from a seven-day high around $0.00000534, leaving the meme coin roughly 45% higher over the week as momentum indicators cool. Summary PEPE remains roughly 45% higher weekly despite retreating from its recent $0.00000534 seven-day price peak. CoinGlass shows PEPE open interest near $393 million as derivatives activity remains elevated after breakout. RSI has cooled toward neutral while MACD signals weakening momentum after PEPE’s sharp September rally. PEPE’s breakout remains above $0.0000044, with $0.0000047 acting as the first important support zone now. September golden cross supports the bullish…