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    Exhaustion or a pause before the rally? Analysts assess the state of the crypto market amid the collapse

    Since the beginning of the week, 22 September, bitcoin has been showing a decline. At first, its price exceeded $114,500, but already on 25 September, the value of the asset fell below $109,000.

    Ukraine is preparing new rules for the crypto market: Hetmantsev on taxation and numerous amendments to the draft law

    In early September, the Verkhovna Rada passed in the first reading the draft law No. 10225-d, which is supposed to regulate the taxation of virtual assets. Danylo Hetmantsev, Chairman of the Parliamentary Committee on Finance, Taxation, and Customs Policy, called the document “a huge step towards legalizing crypto,” but stressed that the text would require 2-3 months of revisions to be prepared for the second reading.

    Tether issued record 9 billion USDT in September

    September was a record month for Tether: the company issued 9 billion USDT, according to Arkham Intelligence, and the stablecoin’s market capitalization exceeded $173.5 billion at the time of writing, according to the CoinMarketCap platform.

    Liquidations topped $970 million amid bitcoin’s collapse below $109,000

    On the evening of September 25, 2025, the bitcoin exchange rate collapsed below $109,000. Later, the price of the first cryptocurrency partially recovered positions. At the time of writing, the asset is trying to stay above this level.

    The first spot Ethereum ETF with staking has been launched in the US

    On September 25, 2025, REX Shares and Osprey Funds announced the launch of the REX-Osprey ETH Staking ETF (ESK) on the Cboe exchange. It is the first Ethereum-based product in the U.S. with the ability to stake fund assets.

    Experts commented on the NBU’s decision on Trustee Plus P2P services and possible consequences for the market

    On September 22, 2025, the National Bank of Ukraine (NBU) issued a statement confirming that Trustee Global UAB had provided payment financial services in Ukraine, subject to licensing, through the Trustee Plus application. The regulator has banned the company from providing them to Ukrainian citizens until it receives the relevant permit.

    Machi Big Brother lost about $30 million on trading in six days

    A trader under the pseudonym Machi Big Brother, who actively trades on the decentralized exchange Hyperliquid, for six days lost about $30 million. This was reported by analysts Lookonchain.

    Binance announced a new annual award for Web3-influencers and innovators — The Blockchain 100

    Crypto exchange Binance has announced the launch of the first annual The Blockchain 100 award. The program aims to recognize the most influential creators promoting education, innovation, and community development in the blockchain space. This is stated in a press release shared by the platform’s representatives with Incrypted.

    EBRD: Ukrainians spent $882 million on bitcoin purchases over the year

    Ukraine is establishing itself as one of the global centers of cryptocurrency activity. Between July 2023 and July 2024, the country received $106 billion in cryptocurrency revenues and spent $882 million in hryvnia equivalent on bitcoin purchases, according to a report by the European Bank for Reconstruction and Development (EBRD).

    Gate introduced its own second-layer network and announced a major update to the GT token ecosystem

    Cryptocurrency exchange Gate has unveiled Gate Layer, a Layer 2 blockchain based on OP Stack. The company also announced changes to the GT economy.

    Bitcoin fell below $112,000, Ethereum fell below $4,000

    On the morning of September 25, 2025, the cryptocurrency market once again shows a correction. Bitcoin ‘s exchange rate has fallen to $111,600, Ethereum – below $4000.

    Polymarket users bet on the US government shutdown in 2025

    The probability of a U.S. government shutdown in 2025 is estimated at 76%, based on bets on the Polymarket platform. The likely reason is that Congress failed to pass a temporary funding bill.

    Kyrgyz Authorities to Move All Public Services to Blockchain by 2028

    In an interview with Cointelegraph, Adylbek Kasymaliev, Chairman of the Cabinet of Ministers of Kyrgyzstan, spoke about the country’s digital transformation priorities and Web3 plans. According to him, by 2028 all basic government services will be available online and integrated with blockchain technologies.

    Hash Hedge and Walbi announced the launch of the WSCT crypto trading tournament

    International trading company Hash Hedge, which provides traders with capital to manage, along with AI trading platform Walbi, announced the launch of the World Series of Crypto Trading (WSCT) crypto trading tournament, with the finals to be held offline in Dubai. This was announced to Incrypted by the organizers of the event.

    Crypto assets became one of the top 5 investments of financially active Ukrainians — research

    Cryptocurrencies are among the five most popular financial instruments in Ukraine, along with bank accounts, deposits, and real estate. This follows from a study jointly conducted by the international company Ipsos and the WhiteBIT crypto exchange, which they shared with Incrypted.

    The Mantle token has grown by almost 50% in a month. Let’s examine the reasons

    Since the end of August 2025, the Mantle project token (MNT) has increased by 47%, according to TradingView. Incrypted’s editorial team has compiled the factors and background behind this uptrend in one piece.