Let’s check what is happening in the crypto market today, on Sept. 22.
Canary Capital filed an amendment for its HBAR spot ETF on Monday, setting a 1.95% management fee, making it one of the most expensive crypto ETFs on the market.
Bloomberg analysts maintain 90% approval odds for altcoin spot ETFs, with the HBAR ETF designed to track Hedera’s native token without requiring investors to directly hold or store the cryptocurrency.
Read more details here.
Mantle (MNT) surged 8% to $1.70 on Monday, becoming the only profitable top 20 cryptocurrency while broader markets declined. The rally was driven by new Bybit exchange benefits for MNT holders, including enhanced leverage and discount buying options offering savings up to 6.89%.
Trading volume jumped 103.6% to $486 million as Bitcoin fell 2.6% and Ethereum dropped 7%.
Read more details here.
Strive Inc., co-founded by Ohio gubernatorial candidate Vivek Ramaswamy, has acquired medical technology firm Semler Scientific in an all-stock deal at a 210% premium.
The transaction combines both companies’ Bitcoin treasuries, creating a merged entity with 10,900 Bitcoin worth over $1,2 billion at current market prices.
Read more details here.
Tether-backed blockchain Plasma launched Plasma One, a USDT-native super-app combining neobanking and card services.
Users can earn 10%+ yields on stablecoin balances, receive 4% cash back on card purchases, and access fee-free transfers across 150 countries.
Read more details here.
BitMine Technologies added 264,378 ETH, bringing total Ethereum reserves above 2.4 million, or 2% of the network supply. The purchase coincided with ETH slipping below $4,200.
BMNR stock fell 5% in pre-market trading despite a $365 million stock offering, highlighting the market’s cautious reaction to recent developments.