Catch up on the latest crypto developments with our weekly news digest. From Nasdaq’s planned investment in Kraken’s parent company to Solana’s record token issuance, we cover the stories that matter, with clear reporting and key details. Read the full roundup for updates on crypto regulation, security incidents, and the companies shaping the industry.
Bitwise Investment Advisers announced on September 10 that it will liquidate its Dogecoin ETF, BWOW, ending the fund less than a year after launch. Shareholders face an October trading deadline before the fund converts their remaining holdings into cash.
Under the liquidation schedule, BWOW is expected to stop trading on NYSE Arca after October 14, 2026. Investors who retain shares will receive cash calculated using the fund’s net asset value on October 21. Distribution is expected on or around October 22.
The ETF reported approximately $687,713 in net assets on September 9. It held 8,195,053.02 DOGE in trust and had 50,000 shares outstanding.
BWOW began trading in November 2025 and recorded roughly $3 million in launch-period trading volume. Subsequent activity did not return to that level.
Bitwise said the closure forms part of an effort to adjust its product range to changing investor needs. Investors can sell through the market until trading ends; those remaining will receive the scheduled liquidation payment and cease to hold ETF shares.
Thirty firms reported combined Hyperliquid ETF holdings worth $74.9 million as of June 30, 2026, with Wealth High Governance Asset Management leading the disclosed ownership ranking.
A Bloomberg Intelligence review placed UBS third with $7.5 million and Jane Street fifth with $4.4 million. Their positions formed part of the aggregate across all 30 reporting firms.
Wealth High Governance held 632,614 shares of the 21Shares Hyperliquid ETF, valued at $23,948,236 at the end of June. Its August 12 filing with the U.S. Securities and Exchange Commission detailed that position.
The ownership figures give investors a view of how reported exposure was distributed among financial firms. Wealth High Governance’s position exceeded those disclosed by either UBS or Jane Street, despite the latter firms’ greater prominence.
The $74.9 million figure covers the firms included in the review. Wealth High Governance’s filing identifies ownership in the specific 21Shares fund, while the broader total combines reported Hyperliquid ETF positions across the group.
Standard Chartered has initiated coverage of SKY with a year-end 2028 price target of $0.325, roughly five times the current price of $0.065. The forecast rests on an expected fivefold increase in value distributed to token holders.
The bank’s investment thesis links that growth to a larger Sky ecosystem and increased USDS issuance. It identifies slower expansion of yield-bearing stablecoins as the main risk.
Spark, Grove and Obex had borrowed a combined $5.9 billion in USDS, with a reported base interest rate of 3.8%. DefiLlama figures put USDS market capitalization at approximately $6.654 billion, with 6.656 billion tokens circulating. sUSDS held about $4.594 billion in total value locked and offered a 3.60% APY.
Sky uses protocol surplus to buy SKY on the open market. Governance determines whether repurchased tokens are burned or redistributed to staked holders, and reward rates vary.
SKY’s maximum supply is approximately 23.46 billion tokens, with new emissions permanently disabled. MKR holders can convert at a 1:24,000 ratio under governance-controlled conversion rules and penalties.
Revolut said on September 13 that it disclosed sensitive information belonging to a limited number of customers after receiving fraudulent requests from an email account within a legitimate government-agency domain.
The company’s account of the incident said an unauthorized party created a mailbox within an official authority’s domain infrastructure. The requests carried genuine domain-authentication credentials, making them appear authentic.
Potentially exposed records included identity documents, verification selfies, home addresses, IBANs, account statements and withdrawal records. Full transaction histories, including Bitcoin activity, also appeared among the categories listed in a customer notice reproduced on X by Mark Karpelès.
For affected customers, the disclosure potentially linked personal identification records with detailed financial activity. The company described those categories as potentially exposed.
Revolut said it blocked the sender’s address after discovering the fraud. It also notified affected customers, regulators and law enforcement.
The company said its systems and customer funds were unaffected. It characterized the incident as a disclosure induced by fraudulent requests rather than an intrusion into its systems.
Trezor warned customers on September 9, 2026, that attackers had used its legitimate mailing domain to distribute phishing emails following a breach at a third-party email provider.
The hardware-wallet maker identified the fraudulent campaign in a forum statement at 21:43 UTC. The messages used the subject line “Critical Security Alert: STM32 Entropy Vulnerability” and appeared through mailing.trezor.io.
Trezor said the breach affected its email provider rather than Trezor itself. The company also said it had taken down the domain linked in the messages and was investigating how the attackers gained access to its legitimate mailing domain.
Earlier, at 21:17 UTC, a forum user reported receiving the emails. The user alleged that an attached HTML file attempted to collect wallet seed phrases and send them to a Telegram bot.
That alleged attachment behavior targeted the credentials controlling recipients’ wallets. Trezor’s warning identified the security-alert messages as fraudulent despite their use of the company’s authentic mailing domain.
Actors behind the Liquid Network exploit returned 3,400 BTC to the Liquid Federation wallet on September 7, recovering approximately 85% of the Bitcoin withdrawn during the incident.
The return transaction appeared in Bitcoin block 965950. It followed a PGP-signed message from Blockstream stating that its bridge nodes had been patched and the funds could safely be returned.
Blockstream recorded that message earlier the same day in Bitcoin block 965910. The subsequent transfer restored most of the roughly 4,000 BTC removed in the exploit, originally valued at approximately $320 million.
Reporting linked the incident to a vulnerability involving Elements software. Liquid’s peg-out authorization key was not compromised.
The recovery substantially reduced the amount held outside the federation wallet, although it did not restore the full balance withdrawn during the incident. Approximately 598.5 BTC remained in the actors’ address after the transfer, with a reported value of about $47 million.
Nasdaq announced on September 10 that its venture arm had agreed to invest $100 million in Payward, Kraken’s parent company, alongside a technology agreement and plans for tokenized equities.
The transaction reportedly values Payward at $21 billion, according to people familiar with the matter cited by Bloomberg and in CoinDesk’s reporting.
Under the investment and technology agreement, Payward will adopt Nasdaq’s market-surveillance technology across its crypto, equities, tokenized-equities, futures and options trading venues.
The surveillance deployment extends the relationship beyond the financial investment, covering several categories of trading activity within Payward’s business. Nasdaq described the agreement as part of its strategy for continuously operating markets and tokenized equities.
The companies also said they would continue developing Nasdaq Equity Tokens. They expect to launch that product in the second quarter of 2027.
Senate Republicans released a revised, 630-page CLARITY Act draft on September 10, adding registration requirements for controlled or non-decentralized trading protocols under Commodity Futures Trading Commission oversight.
The revised framework would establish a regulatory route for trading protocols that fall outside the legislation’s decentralization threshold. It also directs the CFTC and Treasury to write rules for covered protocols.
The bill’s ethics provisions remained largely unchanged in the revision.
H.R. 3633, formally the Digital Asset Market Clarity Act, has already passed the House. The Senate’s pending process concerns a motion to proceed to that measure, rather than a final vote to enact it.
The Senate Press Gallery announced on September 8 that the cloture motion was scheduled to ripen at 2:15 p.m. on September 15. Cloture allows the chamber to limit debate.
Majority Leader John Thune filed the motion to proceed on August 8. The September procedural step would determine progress toward Senate consideration of the measure.
South Korea’s Financial Services Commission announced on September 4 that its securities-tokenization regime will begin on February 4, 2027, when amended electronic-registration legislation takes effect.
The three-phase roadmap covers stocks, bonds, funds and fractional-investment securities. Its initial rollout will prioritize selected products before expanding to broader categories.
The first phase includes privately pooled money-market funds, institution-only bonds, unlisted stocks issued through a trust structure and publicly offered fractional-investment securities.
For unlisted shares, the initial approach uses tokenized trust-beneficiary securities. That structure defines how those shares would enter the early tokenization framework.
The staged rollout gives issuers and financial institutions a defined legal starting point while reserving wider securities coverage for subsequent phases.
In the second phase, the FSC intends to extend tokenization to all publicly offered securities. The final phase would pursue on-chain payment infrastructure linked to stablecoins. Both later stages have flexible implementation schedules.
Consensys Software Inc. announced on September 9 that it plans to reorganize into two independently operated companies, separating MetaMask’s consumer business from its Ethereum protocols and institutional infrastructure operations.
Under the planned restructuring, the existing Consensys Software entity will adopt the MetaMask name. A newly created company will retain the Consensys brand.
MetaMask will focus on consumer self-custodial finance. The new Consensys will house the protocols and institutional infrastructure business, including Linea.
Founder Joe Lubin will serve as MetaMask’s chairman and chief executive. He will also become executive chairman of the new Consensys.
Mike Kriak will lead the new Consensys as chief executive, with David Cunningham serving as president.
Lubin told Fortune that MetaMask’s consumer operation had been accruing value faster than other business units, helping motivate the separation. The restructuring would give the consumer wallet operation and institutional infrastructure business separate management mandates.
Consensys expects to complete the corporate separation by the end of 2026.
Solana scheduled Transaction v1 activation for September 9, 2026, with plans to increase the maximum transaction size from 1,232 to 4,096 bytes. The larger format would provide roughly 3.3 times the capacity for complex operations.
The planned upgrade adds 2,864 bytes while retaining limits of 64 accounts and 64 instructions per transaction. The size increase appears in SIMD-0296, with implementation through the v1 format described in SIMD-0385.
Zero-knowledge proofs, large multisignatures and confidential transfers are among the workloads expected to benefit. Operations that previously required multiple transactions or bundles could fit more data into one transaction.
The old ceiling reflected a 1,280-byte IPv6 packet limit after networking overhead. Solana’s adoption of QUIC in 2022 removed that fixed stream-size constraint.
Legacy and v0 transactions will remain supported alongside v1.
Infrastructure that reads transactions must add support for the new format and pass maxSupportedTransactionVersion: 1 to handle v1 transactions.
Visa announced a lending initiative on September 8 designed to help stablecoin-linked card issuers obtain working capital faster by using payment data and future receivables.
Under the on-chain lending model, Visa supplies payment and settlement information that lenders can use to assess a fintech’s performance in real time. Future payment receivables serve as collateral.
Visa developed the initial live model with Credit Coop. Its smart contracts automate loan issuance, collateral management and repayment.
According to Visa, the system has processed more than $2.5 billion in financed settlement volume since 2023. That activity spans over 3,000 loans and 9,000 repayments, with zero defaults.
Visa operates more than 160 stablecoin card programs. It said blockchain protocols have handled over $694 billion in stablecoin-denominated loans since 2020, although most supported crypto trading rather than everyday business operations.
Credit Coop CEO Chris Walker said payment companies possess valuable collateral in future receivables but have lacked tools to demonstrate their performance to lenders in real time.
Germany’s Federal Ministry of Finance has proposed applying a 25% tax to gains from cryptocurrency acquired after December 31, 2026, removing the long-term holding exemption for those purchases.
The draft legislation would generally bring profits from Bitcoin, Ethereum and other cryptocurrencies under the country’s flat-rate capital income tax, known as Abgeltungsteuer.
Qualifying privately held crypto can currently generate tax-free gains after a holding period exceeding one year. Under the proposal, the new purchases would remain taxable regardless of how long investors hold them.
Crypto acquired before January 1, 2027, would reportedly retain its existing treatment. A Bitcoin purchase made in December 2026 and sold in 2028 would therefore remain under the earlier rules.
The proposed rate applies to taxable profit. A purchase for €10,000 followed by a €15,000 sale would produce a relevant gain of €5,000.
The measure remains a draft and must pass through Germany’s legislative process, where lawmakers could amend, delay or reject it.
Jack Dorsey’s Block applied to the Office of the Comptroller of the Currency on September 8 for a national trust bank charter covering digital-asset custody and fiduciary services.
The proposed Builders Bank & Trust, N.A. would operate as an uninsured, non-depository institution serving Bitcoin, stablecoins and other digital assets. It would not accept consumer deposits or make commercial loans.
Block named Lee Woolley, its Digital Asset Strategy Lead and a former bank executive, president and chief executive of the proposed institution.
The charter would bring key custody infrastructure inside Block and could reduce reliance on partner banks and separate state licensing. For activities covered by the charter, federal preemption could allow operations under OCC supervision across states.
The business would primarily earn custody and fiduciary fees. Digital assets held by the institution would not carry federal deposit insurance.
Block’s application remains pending. Builders Bank would begin operating only after receiving OCC approval.
Solana recorded more than 263,000 newly minted Solana Program Library (SPL) tokens on September 10, 2026, setting an all-time high for daily issuance. The total surpassed the previous peak of 40,000–50,000 daily launches during December 2024’s memecoin cycle.
Solscan’s data captures new SPL tokens minted across the entire network. A separate launchpad tally recorded 40,360 tokens issued through launch platforms that day.
Pump.fun accounted for 34,184 of those launchpad tokens, making it the dominant platform in that segment. Its issuance formed part of the launchpad count, which measures a narrower category than network-wide SPL minting.
The platform also generated $1.8 million in revenue over the 24 hours through September 10, according to DefiLlama.
The record follows a substantial quarterly revenue contribution from Pump.fun. During the first quarter of 2026, the platform contributed $124 million to Solana’s $342 million in total network revenue, according to CoinMarketCap, highlighting its financial role alongside its share of token launches.
Bitcoin’s 200-week moving average climbed above $65,000 for the first time, reaching a record level as the cryptocurrency traded between $76,000 and $77,000.
Blockstream chief executive Adam Back highlighted the development using figures from Look Into Bitcoin. The September 13 report showed the indicator rising from $64,000 in August to above $65,000 within a month.
The moving average tracks Bitcoin’s average closing price over 200 weeks, covering roughly four years. Traders use it to assess long-term trends and identify potential support levels.
Back and other advocates of the indicator argued that its rise reduced the likelihood of Bitcoin spending an extended period below $65,000. That assessment concerns the indicator’s potential significance for future trading.
Historically, periods beneath the average have included brief intervals during major global downturns. The latest reading put the long-term benchmark at its highest recorded level while Bitcoin’s quoted spot range remained above it.
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