Latest Crypto News and Market Updates – September 25

1. BTC, ETH and SOL remain flat as sentiment stays muted

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) continued to move sideways. Tom Lee’s bullish forecast for ETH failed to move markets, while SOL’s ETF launch had little impact. Overall sentiment remains subdued, with crypto stocks in the U.S. closing mixed.

2. ASTER surges past $2.3, market cap hits $18.2B

ASTER rallied above $2.3 with no sign of slowing down. Backed by CZ’s promotion and Binance’s support, the token is gaining momentum. Its market cap now stands at $18.2B, compared to HYPE’s $45.6B (down 25% from its peak).

3. UXLINK plunges as Binance moves to delist futures

UXLINK dropped to $0.064 as its token swap “rescue plan” failed to restore confidence. Binance announced it will delist UXLINK perpetual futures (symbol U) on September 26.

4. XPL stablecoin launches with 18% circulation

XPL stablecoin is set to TGE today, with an initial circulation of 18%. Binance has already distributed XPL airdrops from its “Earn Mining” program, and users will see them in their Spot wallets today.

5. DYDX disappoints after hyped teaser

DYDX rose 7% on hype from a teaser about a “big announcement.” However, the official news disappointed investors. Community reaction: “You can’t bait and switch like that.”

6. GAIN crashes then rebounds after dev wallet dump

GAIN, listed yesterday on Binance Alpha, faced controversy after community members accused the dev team of minting 5B tokens and dumping them, nearly driving the price to zero. It later rebounded over 200%. The alleged sell-off has now paused.

7. USDH stablecoin goes live on Hyperliquid

Native Markets’ USDH stablecoin has officially launched on the Hyperliquid platform.

8. Matrixport: BTC bullish structure intact above $109,899

Matrixport stated that Bitcoin’s bull market structure remains intact as long as BTC stays above $109,899.

9. U.S. Senate to hold crypto tax hearing on Oct 1

The U.S. Senate will hold a hearing on crypto taxation on October 1, an event that could significantly impact short-term market sentiment.

10. AI Market: short-term pressure, long-term bullish trend

BTC: Facing short-term selling pressure but long-term outlook remains bullish. $110,000 is the key support, with high-leverage buying still active.

ETH: Strong split between long and short positions. Capital flows favor longs at lower levels, but short-term volatility is rising.

BNB & SOL: BNB attracting inflows, while SOL sees outflows, showing cautious sentiment.

Small-cap altcoins: High activity with “hot money” chasing short-term opportunities.

Overall: On September 25, the crypto market stayed flat for majors BTC, ETH, and SOL. ASTER and GAIN stole the spotlight, UXLINK faced delisting, XPL launched its TGE, and USDH went live. Investors remain cautious while rotating funds into short-term altcoin plays.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.