Cryptonews

Since its brief flirtation with $4.6k last week, Ethereum [ETH] has been lounging in a consolidation range of $4.2k to $4.5k, darling. So très chic! 💅

Under this new framework, licensed Digital Asset Service Providers (DASPs) can sign a Multilateral Memorandum of Understanding to act as intermediaries. These providers will accept stablecoin payments from AIFC participants and applicants and then remit the equivalent fiat currency to AFSA’s bank account, according to the official announcement. The goal of the project is to make it easier for people to make payments in the financial center and to see how well digital assets work with other things in a controlled setting. Because who doesn’t want to see how well digital assets work when they’re not actually doing anything? 🤔

This melodrama stems from a surge in financial scams-273,100 incidents totaling ₽6.3 billion in Q2 2025 alone. The CBR, ever the vigilant guardian of fiscal propriety, has decreed that banks monitor transactions against nine criteria. Should one criterion be met, customers are lovingly notified and promptly restricted to their meager ₽50,000 allowance for 48 hours. For larger sums, they must endure the indignity of visiting a physical branch-a journey akin to scaling Mount Everest in red tape.

This isn’t their first rodeo with crypto, mind you. Oh no, they’ve already dabbled in Bitcoin ETFs and retirement funds that flirt with digital assets. But apparently, that wasn’t enough to satisfy their insatiable appetite for blockchain-based chaos. “Crypto is volatile,” says Cunha, as if stating the obvious wasn’t his entire job description. “It’s new, it’s wild, and it’s got alpha written all over it.” Well, thank you, Captain Obvious, for that riveting insight. 🚀💰

But fear not, dear reader, because there’s a twist! Institutional players seem totally unfazed by all this chaos. In fact, they’re going all-in on Ethereum like a bunch of high-rollers at a casino. According to the magical data wizardry of Lookonchain, these whales and big institutions gobbled up a staggering 218,750 ETH (that’s about $942.8 million, in case you were wondering) in just two days. That’s not pocket change, folks-these are big bets, and they’re betting on Ethereum to keep rocking as the main act in the crypto circus. 🍿

“We believe U.S.-listed crypto stocks are an undervalued opportunity,” Sun proclaimed, probably while dramatically adjusting his futuristic sunglasses. “So I shall market buy $10 million worth of ALTS and an equally awkward $10 million of $WLFI,” he declared, waving his crypto wallet like it was Excalibur.

And what ho! The odds of a Dogecoin ETF approval have skyrocketed to 94% on Polymarket. 🥳 One can almost hear the champagne corks popping in anticipation of a *majestic* upside reversal. Cheers to that! 🍾

Now, for those of you who missed this *revolutionary* announcement: Sei (SEI), Pepe (PEPE), Bonk (BONK), and Pump.fun (PUMP)-along with a few other “less famous” coins like Bittensor, Fartcoin (yes, you read that correctly), Pudgy Penguins, and Aerodrome Finance-are now eligible as collateral for perpetual futures trading. Truly a landmark moment in cryptocurrency history. 🥳

MARA led several Bitcoin miners in output and overall growth in August. The firm reported that it produced 705 BTC last month – A slight bump from July’s 703 BTC. 🧠

And then there was XRP, the plucky underdog of the crypto world, which saw its volume skyrocket by 44%, hitting a jaw-dropping $6.57 billion. Yes, you read that right-billions. Someone call the Guinness Book of World Records because this is starting to feel like the financial equivalent of eating 80 hot dogs in ten minutes. 🌭