Top 5 Crypto News of the Week! (22 - 28 September)
Dear PointPay family,
We have reached the conclusion of yet another week. During this time, a lot of interesting and unusual things happened in the crypto world - and we want to tell you about the best and most significant of them!
We've compiled the top 5 stories in our opinion and summarized them for you in TL;DR format, so you can quickly get caught up on all the events you may have missed!
Bitcoin Holds Above $100K for 140 Days Straight
Bitcoin has maintained daily closes above the $100,000 mark for 140 consecutive sessions, setting a new milestone in its market history. Analysts note that as long as this level is preserved, the upward trend remains intact, with a potential shift only if the price closes below that threshold.
Chinese Firm Allocates $1B to Crypto Reserves
Jiuzi Holdings, a Nasdaq-listed company specializing in EV charging infrastructure, has committed to investing up to $1 billion of its reserves into digital assets. The strategy begins with Bitcoin, Ethereum, and Binance Coin, with room for future expansion. Executives describe the move as a long-term hedge against global economic uncertainty rather than a short-term trading play.
Ripple's Stablecoin Joins BlackRock-Backed Tokenization Platform
Ripple's dollar-pegged RLUSD has been integrated into Securitize, a tokenization platform working with BlackRock and VanEck. The partnership enables investors to exchange tokenized fund shares for stablecoins around the clock, offering faster access to liquidity. Ripple views this as a step toward bridging traditional finance with blockchain-based solutions.
Kazakhstan Unveils National Stablecoin Evo (KZTE)
Kazakhstan has launched Evo (KZTE), a stablecoin tied to the tenge, in collaboration with Solana, Mastercard, and local financial institutions. The project operates under the National Bank's regulatory sandbox and aims to connect digital assets with traditional finance. Authorities highlight that Evo will expand transaction options, support card payments, and strengthen the country's digital financial infrastructure.
SEC Approves Hashdex ETF to Include XRP, SOL, and XLM
The U.S. Securities and Exchange Commission has cleared the Hashdex Nasdaq Crypto Index ETF (NCIQ) to add XRP, Solana, and Stellar alongside its existing holdings in Bitcoin and Ethereum. The approval follows updated listing standards that speed up the review process, opening the door for a wave of new crypto ETFs expected to roll out in late 2025.
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