Sudoswap Proposal to Distribute Fees Leads to 225% Surge in SUDO Token Value

The combined crypto market has reached $4 trillion this year, with the bitcoin price hitting $124,000. Russia, China, and Iran are exploring financial systems independent of the dollar, using bitcoin to evade Western sanctions.

On Monday, U.S. spot Bitcoin ETFs experienced a substantial $368.25 million net inflow, the largest since August 8, with no outflows reported. Institutional investors showed renewed interest, led by Fidelity's FBTC, Ark Invest, and 21 Shares’ ARKB. This surge coincides with key macroeconomic reports and anticipation of the Federal Reserve's interest rate decision on September 17.

Gemini, founded by the Winklevoss twins, is set to go public on Nasdaq, with Nasdaq investing $50 million in Gemini shares, according to sources cited by Reuters. The move will provide Nasdaq clients access to Gemini's services and allow Gemini's institutional users to utilize Nasdaq's Calypso system.

Kazakhstan President Kassym-Jomart Tokayev has proposed the establishment of a State Fund of Digital Assets to enhance the country's position in the digital finance sector. The initiative was introduced during his recent state of the nation address.

Ant Group's Ant Digital Technologies has connected $8.4 billion of Chinese energy infrastructure to its blockchain platform, monitoring power output from wind turbines and solar panels. The company has tokenized assets for clean energy projects, tracking 15 million devices with plans for offshore token listings.

Upbit, South Korea's largest exchange, announced plans to launch its own Ethereum Layer 2 network, GIWA, following trademark filings and a keynote speech by Dunamu CEO Oh Kyung-seok. The network aims to offer scalability, privacy features, and a mobile wallet for assets, NFTs, and dApps.

The upcoming economic reports, including Nonfarm Payroll revisions, Producer Price Inflation, and Consumer Price Index, could impact the U.S. Federal Reserve's approach to inflation. Traders are closely monitoring these indicators for potential rate adjustments and market reactions.

The U.S. House appropriations bill includes sections requiring the Treasury Department to study a Strategic Bitcoin Reserve's feasibility and outline custody, cybersecurity, and accounting for government-held digital assets. The bill, approved by the House Appropriations Committee, awaits consideration on the House floor.

Shengsheng He, a California man, was sentenced to 51 months in federal prison for laundering $37 million stolen from U.S. investors through a global cryptocurrency scam. He co-owned Axis Digital Limited, a Bahamas-based company used to receive and transfer victim funds via unsolicited messages and phone calls.

Eightco Holdings Inc. saw its shares skyrocket over 3,000% following plans to create a treasury around Worldcoin and a $20 million investment from BitMine. The company also raised $250 million to purchase Worldcoin tokens and will change its Nasdaq ticker to ORBS in 2025.