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

Stelios Haji-Ioannou, founder of easyGroup, is launching the easyBitcoin app in a move to make Bitcoin trading more accessible to the general public. The app, a result of a brand licensing deal with Uphold, will offer users the ability to buy Bitcoin and earn rewards on their investments.

Bakkt Holdings, under new CEO Akshay Naheta, is restructuring by divesting its custody arm and legacy loyalty business to enhance operational efficiency and rebuild investor trust. The company's strategy focuses on a brokerage platform, a Bitcoin treasury program, and a stablecoin payments network.

Strategy Inc., formerly MicroStrategy, acquired 1,955 BTC for $217.4 million, maintaining its position as the largest public corporate Bitcoin holder with 638,460 BTC valued at $71.5 billion. The purchase followed Strategy's exclusion from the S&P 500, impacting its stock performance.

Bybit has resumed full crypto trading services in India after paying a $1 million fine and registering with the country’s financial watchdog. The Dubai-based exchange phased in access to its mobile app and plans to restore its website soon, following a suspension in January 2025 due to regulatory non-compliance.

Robinhood (HOOD) will join the S&P 500, while MicroStrategy (MSTR) was not selected this cycle despite meeting requirements. The decision reflects a preference for platform exposure over asset proxies, validating Robinhood's retail-first fintech approach with crypto integration.

Bitcoin's search interest has hit an 11-month low on Google, contrasting with gold's surge. Analysts predict a potential capital shift towards Bitcoin due to macroeconomic uncertainty.

Last week, U.S. Ethereum ETFs experienced significant outflows totaling $787.6 million over four days, with Grayscale's ETHE and Fidelity's FETH being the most affected. The largest single-day outflow of $309.9 million occurred on September 5, leading to a total of $446.8 million exiting on Thursday.

Nemo Protocol, a DeFi platform on the Sui blockchain, suffered a $2.4 million hack before scheduled maintenance. The incident led to the suspension of smart contract activities, with Vault assets remaining unaffected.

HashKey Group plans to launch Asia's largest multi-currency vehicle bridging traditional finance and crypto, aiming to raise over $500 million. The DAT fund allows ongoing subscriptions and redemptions, directing capital into assets and ecosystem development for institutions to participate in crypto markets compliantly.

Backpack Exchange's European division, Backpack EU, has launched as a regulated platform in Cyprus under the MiFID II framework. Offering crypto derivatives like perpetual futures, it aims to rebuild trust in digital assets by providing a compliant gateway for both retail and institutional traders.