Let’s explore the latest crypto market updates that are shaping the key trends today, on Sept. 12.
ThorChain co-founder JP lost $1.3 million in cryptocurrency after a North Korean deepfake scam. Hackers accessed his old Metamask wallet and iCloud Keychain through a hacked Telegram account using a fake video call. His main Vultisig wallets, protected by multi-signature security, were not affected.
The scam shows how AI and deepfake technology are being used to trick even experienced crypto users. Attackers impersonate trusted contacts to steal funds without needing malware or passwords. Read more details here.
Kraken analysts and CF Benchmarks suggest that a historic revision to US jobs data, the largest in 26 years, could prompt the Federal Reserve to cut interest rates, creating a favorable environment for cryptocurrencies.
During a strategy call on Sept. 12, analysts forecast up to three rate cuts before the end of the year, which could boost investor appetite for risk assets like Bitcoin and Ether.
They also noted growing institutional interest, with fund flows into spot Ether ETFs and rising volumes in XRP and Solana futures, highlighting broader market participation beyond Bitcoin.
Lower rates could encourage a wider market recovery as crypto volatility remains low, reflecting a maturing market structure.
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— Kraken Pro (@krakenpro) September 12, 2025
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Whales sold 40 million XRP worth $120 million in the past 24 hours, yet the price held above $3, climbing to $3.04. This resilience suggests growing demand and a potentially stable market, with analysts eyeing $4-$5 if momentum continues.
Meanwhile, the SEC has delayed a decision on a proposed XRP ETF, adding regulatory uncertainty.
Whales sold 40 million $XRP in the last 24 hours! pic.twitter.com/XCQTr4n6cf
— Ali (@ali_charts) September 12, 2025
The Smarter Web Company, the United Kingdom’s largest corporate holder of Bitcoin, is exploring acquisitions of struggling competitors to grow its treasury.
Today, it is ranked 25th globally among corporate Bitcoin treasuries and it currently holds 2,470 BTC valued at nearly $275 million.
Apart from this, the company’s CEO stated that the firm aims to secure a spot in the FTSE 100 index.
CleanCore Solutions has already doubled down on its Dogecoin strategy as it has pushed its corporate treasury past 500 million DOGE in under three days.
On Sept. 8, the company made an initial purchase of 285.4 million DOGE and revealed its 1-billion Dogecoin investment plan.
Since then, CleanCore has significantly increased holdings, signaling strong conviction in Dogecoin’s role within its balance sheet.
Read more here.