Top 5 Crypto News of the Week! (15 - 21 September)
Dear PointPay Family,
Seven days have passed, and each one brought new events, news, and achievements. We have carefully studied all the changes of the last few days to compile a list of the top 5 most important and interesting news stories for you!
Institutions Strengthen Grip on Bitcoin Supply
Institutional investors now control 12.3% of all Bitcoin in circulation, underscoring a major shift from retail holders to large funds and corporations. Over the past year alone, these players added roughly 5% to their combined holdings, contributing to an 80% rise in Bitcoin’s price. Companies such as Strategy and Metaplanet lead the way with aggressive treasury strategies, while banks like JPMorgan continue to integrate Bitcoin through collateralized lending and payment services. As more capital flows from money market funds into crypto, institutional accumulation is expected to keep growing, tightening supply and shaping Bitcoin’s future.
Bitcoin Eyes $117K as Selling Pressure Eases
Bitcoin is consolidating above $115,000 after early-September volatility, with sell pressure indicators suggesting an ongoing accumulation phase. Trading volume jumped by nearly 47% to $45 billion, while derivatives activity also picked up, hinting at renewed market interest. A breakout above the $117,000 resistance could open the way toward $124,000, though failure to clear that level might send prices back to lower supports. Despite being 2% down over the past month, Bitcoin has gained 3.4% this week, pointing to a potential shift in momentum.
Ethereum Transactions Reach Record Highs
Daily transactions across the Ethereum network and its layer-2 solutions have reached a record 26.7 million, up from less than 5 million in 2022. The surge highlights the steady growth of real-world use cases, with platforms like Base, Arbitrum, and Optimism driving most of the activity while Ethereum’s mainnet remains a trusted settlement layer. This milestone challenges past criticism of Ethereum’s scalability and suggests that demand is not only persisting but multiplying as the ecosystem matures.
Saudi Awwal Bank Partners with Chainlink to Boost Onchain Finance
Saudi Awwal Bank, one of Saudi Arabia’s largest financial institutions, has teamed up with Chainlink to support blockchain innovation in the region. The bank is adopting Chainlink’s Cross-Chain Interoperability Protocol and Runtime Environment to develop secure onchain solutions. SAB called the initiative an important step toward advancing financial technology in the kingdom. The move follows Chainlink’s growing list of collaborations, including its integration with Intercontinental Exchange to bring traditional market data onto blockchain platforms.
Ripple Teams Up with Franklin Templeton and DBS on Tokenized Repo Market
Ripple has announced a partnership with Franklin Templeton and DBS Bank Singapore to develop repo markets powered by stablecoins and tokenized collateral. Franklin Templeton’s sgBENJI token, representing shares of a U.S. dollar-denominated money market fund, will be listed on a Singapore platform alongside Ripple’s RLUSD stablecoin. The setup enables investors to switch between yield-bearing tokens and RLUSD during volatile periods. Future stages will allow sgBENJI to serve as collateral for cash or stablecoin loans, paving the way for repo-style liquidity solutions on the XRP Ledger and beyond.
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