KLEA Crypto Daily: Friday, September 19, 2025

Published: September 20, 2025 – 00:03 UTC

Here’s a look back at the key stories from September 19, 2025.

Grayscale’s ETF Offering ADA and XRP Captures $22M Trading Volume in Market Debut

Grayscale’s Digital Large Cap Fund ETF (GDLC) saw a strong debut with nearly $22 million in trading volume, outperforming typical ETF launches. The fund provides exposure to major digital assets through a regulated vehicle, managing over $931 million in assets.

FTX to Dispense $1.6 Billion in Bankruptcy Repayments This Month

FTX will distribute $1.6 billion to creditors in its third round of bankruptcy repayments on September 30, marking a significant step in returning funds to customers after the exchange's collapse in 2022.

YZi Labs Expands Ethena Labs Stake as USDe Adoption Grows

The investor deepens support for Ethena’s USDe, targeting broader stablecoin use, BNB Chain growth, and new products.

Musk’s xAI Reportedly Seeking $10B in a New Funding Round

Elon Musk’s artificial intelligence startup xAI is pursuing $10 billion in funding at a $200 billion valuation to support data center construction for next-generation AI development.

Aave Active Loans Hit Record $30.5B, Commanding 65% of DeFi Lending Market

Aave has reached $30.5 billion in active loans, representing 65% of the total active loans across decentralized protocols. With a total value locked of $42 billion, Aave is currently the largest DeFi protocol by TVL, making significant strides in the DeFi space.

Andreessen Horowitz Crypto Investments: A16z’s Top Blockchain Picks for 2025

Andreessen Horowitz, known as A16z, continues to lead the way in cryptocurrency and blockchain investments, managing over $7.6 billion in funds. With a focus on cutting-edge blockchain technologies and market trends, A16z is shaping the future of digital finance through aggressive investments in innovative startups.

XRP Fund Notches Biggest ETF Debut of 2025—and Dogecoin Wasn’t Far Behind

XRP and Dogecoin ETFs made a significant impact with a strong debut, surpassing investor expectations and indicating a growing interest in altcoins among investors. The successful launch of these funds highlights the increasing demand for exposure to alternative cryptocurrencies in the market.

Crypto Market Rebounds as Bitcoin, Cardano, and Near Show Mixed Signals

The crypto market is experiencing a rebound with Aster leading gains, while Bitcoin, Cardano, and Near Protocol display varied technical signals, indicating a potential shift in market sentiment.

Bank of Canada Calls for Regulation as Stablecoins Gain Mainstream Popularity

The Bank of Canada is urging for clear regulations as stablecoins, pegged to stable assets like the U.S. dollar, become increasingly popular, bridging the gap between traditional banking and the cryptocurrency world. Concerns over financial stability, consumer safety, and illicit activities have prompted calls for regulatory guardrails.

ZOOZ Power Surges Over 250% Following Shareholder Approval of $180 Million Offering and Bitcoin

ZOOZ Power experiences a surge of over 250% after receiving shareholder approval for a $180 million offering and implementing a bitcoin treasury strategy.

EU Targets Crypto Platforms in Latest Russia Sanctions Package

The European Union takes direct aim at Russian crypto transactions for the first time, including sanctions that specifically target cryptocurrency platforms.

Bitcoin Illiquid Supply Hits Record 14.3M BTC as Big Investors Accumulate

Over 72 percent of circulating BTC is now illiquid, suggesting reduced sell-side pressure and a continued downtrend of Bitcoin supply on cryptocurrency exchanges.

Ethereum Target December for Fusaka Upgrade Launch as $2M Bug Bounty Heats Up

Ethereum's core developers have set a launch window for the Fusaka upgrade, aiming for mainnet activation on Dec. 3. This significant technical overhaul is gaining momentum with test network upgrades scheduled in preparation for the main network migration in December.

Hong Kong’s Payment Card Usage Sees Significant Growth in Q2 2025

The Hong Kong Monetary Authority reports a notable increase in credit card usage for Q2 2025, with transactions and circulation showing significant growth compared to previous periods.

Communist Laos Looking To Turn Extra Hydropower Into Crypto Mining To Tackle Debt: Report

Laos is exploring cryptocurrency mining to address its mounting debt by utilizing surplus energy from hydropower projects, aiming to convert it into economic profit through licensing local trading platforms and mining operations.

Coinbase Reserves Hit $112B in BTC, ETH & Stablecoins — Highest in 4 Years

Coinbase's reserves have reached $112 billion, the highest in four years. This increase in reserves on major exchanges like Coinbase often correlates with higher market liquidity and bullish price momentum.

White House Reconsiders Pro-Crypto Pick for CFTC Chair

The White House is reconsidering its choice for the Commodity Futures Trading Commission (CFTC) Chair, with resistance to the initial nominee prompting exploration of other candidates like Michael Selig and Tyler Williams. This decision could impact the regulation of cryptocurrency markets in the U.S.

Source: KLEA News