Filtering the noise: Sept. 11, 2025

Important news for today:

Macro

• Mexico’s national statistics institute (Inegi) has released the consumer price index (INPC) for August, reporting that monthly inflation stood at 0.06% and annual inflation at 3.57%.
• Mexico plans to place a 50% tariff on cars from China and other Asian countries, taking a leaf out of US President Trump’s trade playbook.
• More than 175,000 protesters hit the streets across France on the day of Lecornu’s inauguration, according to the country’s interior ministry. Its government collapsed on Monday when its 4th prime minister in 2 years, Francois Bayrou, lost a parliamentary confidence vote amid widespread opposition to budget cuts designed to rein in Europe’s biggest fiscal deficit.
• US PPI:
  - MoM: -0.1% (pre: 0.9%)
  - YoY: 2.6% (pre: 3.3%);
  - Core PPI: 2.8% yoy (pre: 3.7%)

Crypto

• Paxos has updated its proposal to issue USDH, adding support from PayPal and Venmo.
• StarkWare said it created a ZK verification of the Bitcoin blockchain that can run on mobile devices.
• The Polygon Foundation said on Wednesday that consensus and finality functions have been restored, following a software bug that caused some nodes to fall out of sync with the blockchain.
• SwissBorg reported the theft of approximately 192,600 SOL, valued at $41.5 million, from an external wallet used for its SOL Earn strategy.
• Kiln, an institutional staking provider, said it started an orderly exit of all its Ethereum validators. Kiln said the decision was made in consultation with stakeholders and security firms.
• LitFinancial rolled out its US dollar stablecoin on the Ethereum blockchain to enhance funding and treasury operations.
• The Avalanche Foundation aims to raise $1 billion to create 2 crypto treasury companies holding millions of AVAX tokens.
• Scroll DAO is pausing its governance process following leadership resignations and confusion over live proposals.
• WLFI introduces Project Wings in collaboration with Bonkfun and Raydium, offering promotional rewards for USD1 trading pairs on Bonkfun to support broader stablecoin adoption and Solana ecosystem activity.
• Kraken offered to list Paxos-issued USDH stablecoin with free USD on/off ramps including HYPE token from Day 1, pending approval through Kraken’s standard listing review process.
• Sharps Technology announces strategic partnership with Pudgy Penguins to bring exposure and connectivity to the Solana digital asset treasury space.
• The developers of Shiba Inu have announced that the migration to LEASH v2 will begin shortly after a security audit by Hexens.
• Falcon Finance announced FF and community sale on Buidlpad.
• Ondo Finance appointed Peter Curley, former SEC, Treasury and Coinbase executive, as head of global regulatory affairs.
• Coinbase lists KMNO.
• Ledger released an iOS app for their enterprise customers and added support for the Tron blockchain.
• Nemo Protocol claims unaudited code deployment led to $2.6 million exploit.

Corporate

• Franklin Templeton and Binance to develop blockchain-based investment products. Partnership combines tokenization with global crypto market access.
• St. Cloud Financial Credit Union plans to launch Cloud Dollar, what it says is the first stablecoin from a US credit union, by late 2025.
• Figure Technologies has priced its IPO at $25 per share, valuing the offering at $787.5 million. The offering includes 31.5 million shares, with around 23.5 million coming from Figure and 8 million from existing shareholders, and could increase to 36.2 million if underwriters exercise their option.
• Bitmine adds another 46,255 ETH worth $201M, bringing its total holdings to 2,126,018 ETH worth $9.2B.
• Cybersports holding company Ninjas in Pyjamas plans to start mining Bitcoin and become fabulously rich.
• Network Company, a division of CEA Industries, has acquired 30,000 BNB.
• MEI Pharma is rebranding to Litecoin Strategy.
• Swedish public company H100 Group buys 21 additional Bitcoin and now holds 1,025 BTC.

ETFs

• The US SEC has delayed decisions on multiple crypto ETF proposals Wednesday, pushing back deadlines for funds including BlackRock and Franklin Templeton.
• Rex-Osprey crypto ETFs which includes BTC, XRP, DOGE, BONK and TRUMP products cleared the SEC’s 75-day review window and are expected to begin trading Friday, says Bloomberg’s Eric Balchunas.
• VanEck plans to file for a HYPE staking ETF in the USA and a similar ETP in Europe.

Regulations

• China’s largest government-backed research funder has begun accepting applications for the study of stablecoins and their cross-border monitoring systems, a move indicating Beijing’s growing interest — and wariness — towards the emerging digital asset.
• SEC opens door to crypto super-apps.
• South Korea reportedly removes restrictions preventing crypto firms from obtaining venture company status starting September 16, granting access to tax breaks and financing support.
• The US Senate Banking Committee has nominated cryptocurrency-friendly Stephen Miran for an interim position on the Federal Reserve Board of Governors.
• Hong Kong proposes relaxing capital requirements for banks holding cryptocurrency.

Fundraising and M&As

• Top AI-focused projects without own token (yet):

On-chain data

• Spot crypto trading volume on major exchanges rose to its highest since January in August.

• Stablecoin reserves on exchanges hit a record $70 billion all-time high.

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

Get ginoongbakulaw’s stories in your inbox

Join Medium for free to get updates from this writer.

Remember me for faster sign in

Follow me here and on Twitter/X for more aggregated daily news, research, fundraising reports and more.