The Blockchain In Daily

September 8, 2025

A chain of blocks; a chorus of signals—today, the ledger hums.

Prices (USD, inline):
BTC $112,182.00 🟢↑ | ETH $4,336.15 🟢↑ | SOL $214.03 🟢↑ | BNB $879.85 🟢↑ | XRP $2.99 🟢↑ | ADA $0.8583🟢↑ | AVAX $25.29 🟢↑ | DOGE $0.2373 🟢↑ | DOT $4.03 🟢↑

Quick Index ⚡️

📊 BTC steadies above $112K as risk appetite returns.
🏛️ Nasdaq asks SEC to greenlight trading of tokenized securities.
🌍 Bybit restores full crypto trading in India after $1M compliance fine.
🏦 CoinShares to go public in the U.S. via $1.2B SPAC with Vine Hill.
🧠 DeFi governance flare-up: Hyperliquid’s USDH issuer vote draws Stripe-linked pushback.
🪙 Tether CEO: “We didn’t sell any bitcoin to buy gold.”

Markets

Bitcoin hovered near the $112K handle as majors caught a bid to start the week, with traders leaning into softer-policy hopes after recent U.S. data. Barron’s noted broad gains across BTC, ETH and large-cap alts, framing the move within shifting Fed-cut odds and a softer dollar backdrop. For the day, momentum darlings like DOGE and SOL outperformed, while desks eyed $114K–$115K as the next topside test. (As reported by Barron’s.)

Noise control: Tether’s Paolo Ardoino pushed back on weekend rumors, saying the company hasn’t sold BTC to rotate into gold. The denial removes a headline risk around potential supply overhang and should calm nerves around issuer balance-sheet positioning—always a sensitive input for market structure. (According to CoinDesk.)

Regulation

Nasdaq filed to allow trading of tokenized securities on its main market, a landmark step that—if approved—would weave blockchain settlement into the core of U.S. equity plumbing without changing order handling or surveillance. It’s a strong signal that tokenization is moving from pilots to public-market reality, with first trades targeted once post-trade infrastructure is ready. (As outlined by Reuters and Bloomberg.)

In India, Bybit has resumed full crypto trading after paying a $1 million fine and registering with FIU-IND, closing a months-long compliance loop. The return underscores how major exchanges are adapting to jurisdiction-specific AML/KYC regimes rather than exiting key growth markets—net positive for regional liquidity and on-ramps. (According to CoinDesk.)

Adoption

Crypto asset manager CoinShares will go public in the U.S. via a $1.2B SPAC merger with Vine Hill, aiming to shift its listing stateside while expanding distribution in the world’s largest asset-management market. With roughly ~$10B in ETP AUM and meaningful EMEA share, the move could catalyze more cross-Atlantic capital flows into regulated crypto products. (Reported by Bloomberg and CoinDesk; see also the company’s release.)

Hong Kong’s HashKey unveiled plans for a $500M digital-asset treasury fund focused initially on BTC and ETH. Framed as an “institutional bridge,” the vehicle targets standardized on-chain treasury management—another data point that corporate-treasury adoption of crypto (beyond the U.S.) is gathering pace. (According to CoinDesk.)

Tech & Innovation

A governance clash is heating up around Hyperliquid’s proposed USDH stablecoin: bids from Paxos, Frax and an Agora-led coalition face community pushback against a Stripe-linked option, with concerns over conflicts if a payments giant controls a core monetary primitive. The validator vote is slated for Sept. 14, and the outcome could shape design norms for protocol-native stablecoins. (According to CoinDesk.)

On the multi-chain rails front, Circle said native USDC and CCTP v2 are expanding to Plume and XDC, advancing compliant cross-chain transfers and broadening developer targets for fiat-like settlement. For builders, incremental USDC coverage and standardized bridging reduce integration friction across emerging L1s. (As reported by Crowdfund Insider.)

One crisp read a day keeps the FUD away. Thanks for starting your morning with The Blockchain In Daily—come back tomorrow for fresh signals across markets, policy, adoption and tech.