KLEA Crypto Daily: Tuesday, September 23, 2025

Published: September 24, 2025 – 00:07 UTC

Here’s a look back at the key stories from September 23, 2025.

FTX Seeks $1.15 Billion From Genesis Digital in New Bankruptcy Lawsuit

FTX has filed a lawsuit against Genesis Digital Assets, accusing them of misappropriating over $1 billion in customer funds, allegedly directed by former CEO Sam Bankman-Fried. The complaint claims fraudulent transfers and shifts losses onto FTX users.

Hashdex Files to Add SOL, ADA, XRP to Crypto Index ETF Under New SEC Standards

Hashdex filed with the SEC to expand its Nasdaq Crypto Index US ETF beyond Bitcoin and Ethereum, seeking approval to add Solana, Cardano, and XRP under newly adopted generic listing standards. This move aims to track the complete composition of the Nasdaq crypto index and leverage SEC-approved standards for digital asset exchange-traded products.

Morgan Stanley to Kick Off Proprietary Crypto Trading Services via Digital Platform in 2026

Morgan Stanley announced plans to launch its proprietary crypto trading service on the E*Trade platform in the first half of 2026 through a partnership with digital asset infrastructure firm Zerohash. This significant step by a Wall Street bank aims to cater to the growing demand for crypto exposure and integrate digital assets into mainstream brokerage services.

Fold Launches Visa Credit Card With Bitcoin Rewards; Shares Swing Sharply

Fold announced the launch of a Visa credit card that offers bitcoin rewards on every purchase, causing its shares to surge in pre-market trading. The card provides up to 3.5% back on spending, with additional rewards for customers who pay balances from a Fold checking account.

Samsung & Galeon Join Forces to Build the Future of Decentralized Healthcare AI

Samsung has partnered with Galeon to revolutionize medical technology by leveraging Web3 principles for AI-powered healthcare solutions. This collaboration aims to prioritize data protection and accessibility, offering hospitals tools to make medical information widely available while safeguarding patient privacy.

Bubblemaps Rolls out Community Intel Desk, Fueling Cases With BMT Token Incentives

Bubblemaps has introduced Intel Desk, a platform rewarding users in BMT for identifying scams and suspicious activities in the crypto space. This initiative aims to incentivize scam hunting and provide a structured approach to investigations, enhancing accountability and trust within the community.

Cardano DAO Votes on Proposal to Boost DeFi Liquidity with $41M

The Cardano community is currently voting on a proposal to inject $41 million into the chain's stablecoin market, aiming to enhance liquidity in the DeFi sector. This move signifies Cardano's significant step towards leveraging the booming stablecoin market.

SEC Approves Generic Listing Standards for Commodity-Based ETPs

The Securities and Exchange Commission (SEC) has granted approval for rule changes by three exchanges to adopt generic listing standards for exchange-traded products (ETPs) holding spot commodities, including crypto assets. This decision paves the way for a faster listing and trading process for ETPs meeting specific conditions.

World Liberty Financial Accelerates International Strategy with Bithumb Partnership

World Liberty Financial (WLFI) is expanding its global presence through a strategic partnership with South Korean crypto exchange Bithumb. This move aims to enhance market access, boost investor confidence, and foster growth in decentralized finance, marking a significant step in WLFI's international expansion efforts.

Compass Mining Launches Off-Grid Bitcoin Mining Site in Wyoming

Compass Mining, a prominent Bitcoin mining infrastructure provider, has unveiled its first off-grid natural gas site in Wyoming in collaboration with 360 Energy. This initiative not only repurposes older mining hardware but also demonstrates Compass Mining's commitment to sustainable practices and diversification in the cryptocurrency mining sector.

World Liberty Adviser Bets Millions on AVAX Rally

The World Liberty Financial adviser, Ogle, has made a significant bet on a rising AVAX price following AgriFORCE’s $550 million Avalanche treasury pivot announcement.

Kazakhstan Taps Solana, Mastercard to Launch Tenge Stablecoin

Kazakhstan has partnered with Solana and Mastercard to introduce the Evo stablecoin, aiming to connect the crypto market with traditional finance by creating a national stablecoin.

MicroBT Opens US Online Shop With 10,000 Whatsminer Monthly Production Capacity

MicroBT has launched an online shop in the US, allowing customers to purchase domestically produced Whatsminer bitcoin mining rigs directly, enhancing accessibility and availability for interested buyers.

Crypto Treasury Buybacks Signal ‘Death Rattle’ for Strategy Copycats, Analyst Says

Analyst warns that crypto treasury companies borrowing cash for stock buybacks may signal the end for some firms, questioning the sustainability of listed companies holding tokens on their balance sheets.

Source: KLEA News