Crypto Startup Apologizes for Using Polymarket to Bet on Fundraising, Catching Backers Off Guard

Nigeria's SEC Director-General announced openness to stablecoin businesses, emphasizing compliance with evolving digital asset regulations. The commission has already onboarded firms in a regulatory sandbox, envisioning Nigeria as a stablecoin hub in the future.

BlackRock's iShares Ethereum Trust (ETHA) has reached over $10 billion in assets, making it the third-fastest ETF to achieve this milestone in history. The fund doubled in size in just 10 days, driven by a surge in investor interest and robust flows.

Mike Novogratz believes Ethereum has the potential to surpass Bitcoin in the coming months due to institutional interest. Ethereum is currently trading at around $3,730 per coin, 24% below its all-time high, but showing signs of a comeback.

XRP hit a new all-time high despite a decline in daily active users on the XRP Ledger. Data indicates a shift towards more intensive capital deployment, with a 50% decrease in users since the beginning of the year.

GameSquare, a digital media company, acquired a rare CryptoPunk NFT for $5.15 million in preferred shares. The NFT, featuring "Cowboy Hat" and "Ape" traits, was previously owned by Robert Leshner and is considered a strategic treasury asset.

Chris Larsen, Ripple co-founder, transferred $175 million in XRP to four addresses, with over $140 million ending up on exchanges. This occurred as XRP hit a record high of $3.65 before dipping to $3.25 amid a positive market trend.

BitMine Immersion Technologies holds the largest corporate Ethereum treasury, with 566,776 ETH valued at $2.1 billion. The company aims to acquire and stake 5% of the total ETH supply, having purchased the tokens at an average price of $3,643.752 per ETH.

Solana tokens PENGU, FARTCOIN, and PUMP are featured in popular prediction markets on Myriad Markets this week. SharpLink Gaming has been accumulating Ethereum, with predictors speculating on its treasury growth. Predictors are also betting on the market cap of PUMP and FARTCOIN on Myriad.

Ben Askren, recovering from a severe case of pneumonia and a double lung transplant, promoted a Solana meme coin that quickly crashed in a suspected "rug pull" scam. Despite claims of hacking, evidence suggests Askren was paid to endorse the token launch.

The Senate has begun considering its own version of the crypto market structure bill after the House passed a similar bill. House Majority Whip Tom Emmer expressed confidence that the Senate will pass the House's CLARITY Act, with a deadline set by the White House for September 30.