Digital Assets

Collector Crypt’s CARDS token surged tenfold in a week, reaching a $360 million valuation, driven by strong sales from its digital Gacha machine and rising interest in tokenized Pokémon cards. The market for NFT-based cards is booming, with platforms like Courtyard and Phygitals reporting millions in trades and rapid growth, showing high demand from collectors and crypto investors.

Coinbase will launch a new futures contract on 22 September that mixes the “Magnificent 7” tech stocks with Bitcoin and Ethereum ETFs plus its own shares. The product starts with institutional traders and aims to link traditional markets with crypto in one basket.

Raoul Pal predicted that the number of crypto users could reach four billion by 2030, with the market potentially hitting $100 trillion by 2032. He based this on wallet growth compared to early internet adoption, though critics say wallet counts may overstate real usage.

South Korea’s FSC nominee, Lee Eok-won, sparked controversy by calling cryptocurrencies worthless and warning against pension fund investments. Critics say his stance ignores crypto’s real economic value and risks driving investment and talent abroad.

Nike and StockX have settled a three-year legal battle over counterfeit sneakers and the use of Nike images in NFTs. The agreement ends the court case, avoiding a trial and keeping details of the settlement private.

Japan Post Bank will let customers convert savings into a new digital token, DCJPY, from 2026 to speed up trading of tokenised financial products. The token, pegged 1:1 to the yen, has already been trialled in tests worth USD 19.9 million and aims to allow near-instant settlement and access to digital securities.

Australia’s self-managed super funds are putting more retirement savings into cryptocurrency, with holdings reaching A$1.7 billion by March 2025. Exchanges like Coinbase and OKX have launched new services to meet this demand, while regulators warn about risks.

Luxxfolio has filed to raise up to $100 million in Canada as it pushes a new strategy built around Litecoin. The firm is short on cash and hopes the funds will support its goal of holding one million LTC by 2026.

Hong Kong launched the Hong Kong Virtual Asset Listing Association (HKVALA) to bring together industry and government for digital finance development. The group aims to promote cooperation, talent development, and investor protection while supporting the city’s push into tokenised assets and Web3.

Trump Media and Crypto.com are setting up a $6.4 billion digital asset treasury that will hold a large amount of Cronos (CRO). The deal lifted CRO’s price by more than 20% and will also bring the token into Trump’s Truth Social platform.