The SEC has set a deadline of November 12, 2025, to decide on Grayscale's HBAR ETF application, potentially making it the first regulated spot ETF for Hedera. Approval odds are estimated at 60-80%, and the outcome could influence over 90 crypto ETFs under review.

Sora Ventures is launching Asia's first $1B Bitcoin reserve fund, backed by $200M from Asian investors, signaling significant institutional interest. Meanwhile, Aave DAO is reducing Layer-2 deployments, highlighting DeFi consolidation. Gold prices soar to $3,704/oz, reflecting investor nervousness, while Bitcoin's stability amid this suggests resilience. BitMine's Ethereum network launch in 2026 occurs despite $4B in losses, indicating continued institutional investment.

ETHShanghai 2025 celebrates Ethereum's 10th anniversary with a hackathon featuring three tracks: AI integration, DeFi infrastructure, and public goods. Winners receive funding and support, fostering innovation in blockchain. Registration ends October 1.

Pudgy Penguins and Mythical Games have launched Pudgy Party on iOS and Android, attracting a lot of discussion. This game emphasizes the experience, requiring no Blockchain knowledge, and features NFT functionality. The Token PENGU is rising, with a broad market outlook. Pudgy Penguins also plans to expand into physical products and AI technology, with the CEO targeting the top of the App Store, expecting to attract a large number of players.

The probability of a government shutdown in the United States has reached a record high, with the October deadline approaching and the two parties still failing to reach a budget protocol. The key meeting canceled by Trump suggests that negotiations are at an impasse.
The market is trembling.
Once the shutdown becomes a reality, the consequences are not just as simple as government employees not getting paid. Economic data will be released late → Investors lack key decision-making references → Market volatility will intensify. Regulatory agencies such as the SEC and CFTC will also suspend operations, which means that new ETF approvals and guidance on cryptocurrency asset policies will all be stalled.
On-chain data has already reflected the market's unease:
- BTC fluctuates violently between $108,780 and $113,700
- Altcoins and high-leverage tokens fell by double digits
- Significant outflows observed in crypto ETFs
- Institutional investors are rushing to buy stablecoins and short-term bonds
The appreciation of the US dollar is driving the momentum.
Economic uncertainty has pushed up the dollar, and a strong dollar is affecting BTC.

SBI Ripple Asia just dropped a bombshell—they're tokenizing Japan's entire travel and retail sector on XRP Ledger. Here's what's actually happening beneath the headlines.
The Real Play: Tokens Replace Cash in Japan
The partnership between SBI Holdings, Ripple-backed ops, and Tobu Top Tours isn't

Latest data shows that by 2025, global adoption of Crypto Assets will accelerate, with an 80% rise in South Asia, and the volume in the United States surpassing $1 trillion. The volume of stablecoin transactions will reach a historic high, accounting for nearly 30%. Retail investor trading surged by 125%, marking the popularization of crypto finance. In the future, there will be a focus on stablecoin applications, on-chain financial products, and a decrease in cross-border remittance costs. Overall, the crypto ecosystem is gradually maturing.

The market quickly rebounded after experiencing panic from the crash, with memes rising over 12% on Monday. DOGE and PEPE broke through $0.21 and a 24-hour increase of 13%, respectively. The entry of large funds indicates that institutions are buying the dip. At the same time, two new projects, Maxi Doge and PEPENODE, are also ready to launch, attracting investors' attention. If the market stabilizes, the meme sector may continue to strengthen.

As of March, there are 5.3 million wallets holding XRP globally, indicating that the adoption of this coin is indeed on the rise. Recently, XRP has been performing well, and many people want to get in, but the key question arises – which wallet is reliable?
In simple terms, it can be divided into two main categories:
Hot Wallet (Software Wallet) - Suitable for frequent traders
- Xaman: XRP dedicated Wallet, over 1.5 million users
- Trust Wallet: multi-coin support, rich ecosystem
- Exodus: Desktop + Mobile Sync, High Aesthetic
These Wallets are always online, transfers are fast, but the risks are also high. In 2024, cryptocurrency hackers stole $2.2 billion, mainly targeting hot Wallets.
Cold Wallet (Hardware Wallet) - Suitable for Long-term Holding
- Ledger Nano X/Flex: Bluetooth connection, supports 5500+ coins
- Trezor

Larry Fink, CEO of BlackRock, stated during Hong Kong FinTech Week that tokenization is an inevitable evolution of the financial system, and that in the future, 24/7 digital asset trading will be achieved without intermediary fees. Tokenization will enhance liquidity, drop transaction costs, and increase transparency. As a giant in TradFi, BlackRock's positioning indicates that mainstream financial institutions are actively promoting this transformation, despite facing challenges such as regulatory lag and security concerns.

Want to issue a coin on Solana? It's not as complicated as you might think. Compared to other blockchains, Solana has become the preferred platform for Meme coins due to its fast transactions, low fees, and friendly ecosystem tools.
Why Solana?
Dogecoin and Shiba Inu have proven the potential of Meme coins, but neither of them was issued on Solana. Solana has changed the game:
- Transaction cost: less than 5 dollars to complete the deployment
- Speed: Transactions are confirmed in nearly seconds, suitable for rapid dissemination.
- No-code tools: platforms like Token Tool, Smithii, etc. allow people with no coding knowledge to issue coins.
- Perfect ecosystem: Raydium, Jupiter, Phantom wallet, etc. form a complete ecological closed loop.
No coding background is required, which is the most appealing aspect of Solana.
issue coin

Ethereum has surged 54% in a month, contrasting with Bitcoin's 10% gain. Bitcoin is stable, while Ethereum is versatile with staking rewards. Solana focuses on speed. Each crypto has its niche, indicating a maturing market. Predictions suggest growth for all three.

Interesting news is coming. Robert Mitchnick, the current head of digital assets at BlackRock, and Stanford economist Susan Athey jointly published a study in 2018, which estimated the "fair value" of XRP at $32. At that time, Bitcoin was only $7000, and XRP was $0.50.
Their logic is as follows:
- The story of BTC: Growing from a daily trading volume of $5.6 billion to $28.2 billion, if it stores wealth like gold, its value could reach $45,000-$93,000. After applying a 25% survival probability discount, a range of $13,600-$28,100 is given. As a result, BTC is now $112,800, exceeding expectations.
- The story of XRP: Daily trading volume is expected to reach 190 billion - 556 billion USD (covering remittances, foreign exchange, corporate transfers), if it captures a share of the global.

Recently, the volume of SHIB has surged, but the price is in a slight consolidation phase. Analysts have polarized views on its future, with clear divergences in short-term forecasts. Despite Shibarium performing well, it has not significantly pushed the price. The sharp decline in Whale volume indicates market risk. SHIB needs to transform and enhance its practical applications to continue attracting investment.

If you've been scrolling through crypto communities and kept hearing people throw around the word "hash," but had no idea what they meant—today's your day. Let's break down this one concept that literally holds the entire blockchain world together.
Hash: Your Data's Digital Fingerprint
Imagine yo