KLEA Crypto Daily: Wednesday, September 24, 2025

Published: September 25, 2025 – 00:03 UTC

Here’s a look back at the key stories from September 24, 2025.

ETFs, RWAs, Stablecoins Ended Traditional Four-Year Cycle and Alt Seasons

The traditional four-year crypto cycle seems to be disrupted by the rise of institutional adoption through ETFs, real-world asset tokenization, and stablecoin infrastructure, shifting market dynamics towards institutional portfolios.

The “Crypto King” of Singapore: Why Experts Say He Has No Clothes

Singapore's "Crypto King" has come under scrutiny for his ventures lacking transparency, clear governance, and sustainable business models, raising concerns about reliance on hype over operational credibility in the crypto space.

S&P 500, Nasdaq Close Down 0.3%

The S&P 500 and Nasdaq closed down by 0.3%, signaling a slight decline in the stock market.

ATM Operator Athena Bitcoin Accused of Stealing Copyrighted Source Code

Athena Bitcoin, an ATM operator, is facing accusations of stealing copyrighted source code and is being sued by Washington, D.C.’s attorney general.

Bitcoin Rallies to $113.9K as Bullish Divergence Points to Trend Reversal

Bitcoin's rally to $113,900 was foreshadowed by bullish divergences on the RSI metric and record-low volatility, hinting at a potential trend reversal. Investors are now questioning if the recent sell-off has come to an end.

Coinbase Backs Bastion in $14.6M Stablecoin Raise

Coinbase's venture arm, along with other major players like Sony and Samsung, has participated in a $14.6 million funding round for Bastion. This investment aims to support Bastion's expansion in providing corporate stablecoin services.

Tom Lee Predicts 10-15 Year Ethereum Super Cycle, Bitcoin at $250K by Year-End

Wall Street veteran Tom Lee predicts a bullish future for cryptocurrencies, with Bitcoin potentially reaching $250,000 by the end of 2025. Lee also highlights Ethereum as a foundational crypto with the potential to reach $15,000 in 2025, emphasizing its importance as a "neutral chain" for future financial infrastructure.

Payments Will Eclipse Trading In Crypto’s Next Cycle

As the cryptocurrency landscape evolves, the focus is shifting towards real-world uses like payments. Stablecoins now represent a $250 billion asset class, signaling a move towards cheaper and faster money transfers. Regulators are responding with clear regulations, positioning payments to play a significant role in crypto's next cycle.

Stablecoin Giant Tether Pursues Capital Boost, Targeting $500B Throne

Tether, the leading stablecoin issuer, is aiming to raise a substantial $20 billion, potentially propelling its valuation to an impressive $500 billion. This move could significantly impact the stablecoin market and further solidify Tether's position as a key player in the industry.

CFTC Eyes Stablecoins as Collateral in US Derivatives Markets

The US Commodity Futures Trading Commission (CFTC) is exploring the use of tokenized collateral, including stablecoins like USDC and USDT, in regulated derivatives markets. This initiative could revolutionize the derivatives ecosystem by enhancing efficiency, transparency, and liquidity through the adoption of digital assets as acceptable collateral.

CZ on the Frontiers of Web3 and FinTech

During BNB Chain’s 5th anniversary Q&A, Binance founder CZ delved into discussions on RWA, DeSci, and on-chain assets, highlighting compliance and liquidity challenges in RWA tokenization and the reliance on intermediaries by listed firms due to regulations.

Kazakhstan Central Bank Rolls Out KZTE Stablecoin on Solana

Kazakhstan's central bank has officially launched Evo (KZTE), the country's first stablecoin pegged 1:1 to the Kazakhstani tenge, aiming to enhance the financial system by providing faster, more stable digital payments linked to the local economy.

North Korean Hackers Drain $1.2M From Seedify Bridge

DPRK-linked hackers used a compromised private key to mint fake SFUND tokens across chains, according to Seedify.

AVAX Price Soars Past $34 as Avalanche Foundation Unveils $1B Treasury Plan

AVAX trades at $34.17 after a 10% surge driven by treasury initiatives, though RSI signals overbought conditions ahead of key resistance at $36.16.

The “Menstrual Equity Project” Launched in The Bahamas to Boost School Attendance for Girls

KuCoin, the Global CSR Foundation, and the American Medical Women’s Association have collaborated to launch the Menstrual Equity Project in The Bahamas. This initiative aims to address menstrual health challenges in underserved communities by providing essential support to girls, spearheaded by the First Lady of The Bahamas.

Falcon Finance Sets Community Sale Record on Buidlpad With $113M $FF Token Commitment

Falcon Finance has achieved a new record with its $FF community sale on Buidlpad, oversubscribed by 28x with a total commitment of $112.8M. This success marks the most oversubscribed sale in Buidlpad's history, showcasing strong community interest in Falcon's forthcoming $FF governance token.

UXlink Hacked, Resulting in Massive Losses

UXlink was hacked, with the hacker obtaining 490M $UXLINK and minting 2B $UXLINK. The hacker sold a significant amount on DEXes, acquiring $28.1M in $ETH.

Bitcoin’s Slump Widens Safe Haven Divergence for Gold

Bitcoin's lackluster performance compared to gold's surge is creating a growing divergence between the two assets, potentially signaling significant shifts in the market.

Crypto Policy Shift to Bring Cycle-Breaking Wave of Crypto Investors: Novogratz

Galaxy Digital's Mike Novogratz anticipates that changes in US crypto legislation could lead to a new wave of market participation, potentially disrupting the traditional four-year cycle in the crypto space.

Source: KLEA News