Raises €58.1 million to strengthen reserves, echoing MicroStrategy’s model.
Pump.fun tops $1 billion daily volume as DeFi activity and rewards surge.
XRP ETF prepares for debut, ETH ETFs rebound, MetaMask enters stablecoin race.
The crypto industry has seen a flurry of developments across corporate treasury strategies, decentralized finance (DeFi), exchange-traded funds (ETFs), and stablecoins. From European firms expanding their Bitcoin reserves to Ethereum ETFs attracting renewed inflows and a major wallet provider launching its own stablecoin, here are the top stories shaping markets today.
French-listed Capital B has secured €58.1 million through a private placement to institutional investors. The fresh funds will accelerate its strategy of becoming a dedicated Bitcoin reserve company.
The company has framed its treasury model as a long-term bet on Bitcoin as a store of value. Proceeds will help expand its balance sheet allocation to BTC, strengthen reserves, and provide confidence to shareholders backing Bitcoin-focused enterprises.
The rise also underscores a growing European corporate appetite to mirror US firms like MicroStrategy, which pioneered the corporate Bitcoin accumulation model.
Solana-based launchpad Pump.fun crossed a milestone this week, recording $1.02 billion in daily trading volume on Monday, after processing $942 million on Sunday.
The surge comes as the broader memecoin market cap spiked to $83 billion over the weekend, the highest since July, before stabilizing at $76 billion on Monday.
DeFi data highlights Pump.fun’s rise:
Total Value Locked (TVL): Reached $334 million for the first time.
Revenue: Outpaced Hyperliquid exchange for two consecutive days, ranking third among DeFi protocols after Circle and Tether.
Creator rewards: $4 million paid out on Monday, largely to first-time token creators.
The explosive activity highlights how memecoins continue to drive retail speculation and DeFi innovation, with Pump.fun’s livestreaming features fueling user engagement.
The first exchange-traded fund offering direct exposure to XRP is expected to launch this week under the ticker XRPR, through a collaboration between REX Shares and Osprey Funds.
Unlike spot Bitcoin ETFs, XRPR will operate as a 40 Act fund, avoiding stricter SEC approval requirements. Roughly 80% of its assets will be allocated to XRP, with the remainder in supplementary instruments.
Analysts describe the ETF as a ‘litmus test’ for demand in alternative digital assets. While Bitcoin and Ethereum funds have dominated flows, XRP futures products already hold more than $1 billion in assets. The new ETF will test whether investor appetite extends beyond the top two cryptocurrencies.
Also Read: Will XRP Hit $10 in October 2025? Here is the Real Story
After a week of heavy outflows, BlackRock’s Ethereum ETF (ETHA) attracted 80,768 ETH worth $363 million on September 15. The inflow lifted daily trading volumes to $1.5 billion, its strongest performance this month.
The rebound follows outflows of nearly $787 million between September 5-12. Analysts believe those withdrawals reflected temporary market pressure rather than structural weakness. Last week, total inflows across Ethereum funds reached $638 million, led by Fidelity’s FETH, which added $381 million.
Despite these inflows, Ethereum’s price slipped 2.5%, suggesting ETF flows alone aren’t enough to counter bearish market sentiment. Technical analysts warn ETH could face sharper losses if it falls below the $4,400 support level.
Also Read: Ethereum Could Be Set for a Major Breakout: Here’s Why
The Shibarium bridge suffered a coordinated exploit on Friday, with attackers briefly seizing control of 10 of its 12 validators.
The exploit drained around $3 million in assets, but immediate intervention from K9 Finance DAO and the Shiba Inu team helped freeze $700,000 worth of KNINE tokens and recover over $1 million of targeted funds.
Security analysts described the incident not as a software hack but as an exploitation of governance rules. Staking was paused and a forensic review launched, with developers emphasizing that critical lessons will shape future security upgrades.
MetaMask, the most widely used crypto wallet, has introduced its own stablecoin, MetaMask USD (mUSD), pegged to the US dollar.
Launched on Ethereum and Linea, MetaMask’s layer-2 network, mUSD is fully backed by cash and equivalents managed by licensed entity Bridge.
Users can buy the stablecoin directly in-wallet using cards, bank transfers, or PayPal, and spend via the MetaMask Card at over 150 million Mastercard-accepting merchants.
MetaMask aims to leverage its 30 million monthly active users and wallet-native integration to compete in a market dominated by USDT and USDC. With Tether alone earning $4.9 billion in profits last quarter, the stablecoin sector remains lucrative.
The move signals MetaMask’s intent to deepen ecosystem lock-in, reducing reliance on third-party stablecoins and monetizing its vast user base. Success will hinge on liquidity adoption and cross-platform acceptance.
1. What is Capital B’s latest move in crypto?
Capital B raised €58.1 million to expand its Bitcoin treasury strategy, positioning itself as a dedicated BTC reserve firm.
2. Why is Pump.fun in the spotlight?
Pump.fun crossed $1B in daily volume, showing memecoins’ continued retail-driven boom and strong DeFi growth.
3. What’s special about the new XRP ETF?
Launched under the ticker XRPR, it offers direct XRP exposure and serves as a “litmus test” for investor appetite.
4. How is Ethereum ETF activity evolving?
BlackRock’s ETHA drew $363M in inflows, rebounding after a week of outflows, though ETH price still slipped 2.5%.
5. What does MetaMask’s mUSD stablecoin bring?
mUSD integrates natively into MetaMask’s wallet and card, aiming to rival USDT/USDC by leveraging its 30 million+ users.