Fitell announces the addition of PUMP to its treasury, expanding its Solana asset strategy

The post Macro Data Sparks Sharp Crypto Outflows: What Happened? appeared on BitcoinEthereumNews.com. Digital asset markets have been whipsawed over the past two weeks. Sentiment has shifted sharply after drawing nearly $2 billion in crypto inflows on optimism around potential Fed rate cuts. Last week, $812 million exited investment products amid stronger-than-expected US macro data. Crypto Outflows Reach $812 Million As Macro Data Shakes Confidence Sponsored The latest CoinShares report indicates crypto outflows reached $812 million last week. This marks a notable reversal after crypto inflows approached the $2 billion mark in the week ending September 20. Bitcoin saw $719 million in outflows, while Ethereum registered $409 million. This put a near-halt to the pioneer crypto’s otherwise strong year-to-date (YTD) inflows of $12 billion. Interestingly, there was no corresponding surge in short-Bitcoin products. This may mean that the retreat was driven by caution rather than conviction in a sustained downturn. Crypto Outflows By Assets Last Week. Source: CoinShares Meanwhile, Ethereum’s sharp reversal comes just one week after the asset attracted $772 million in inflows. This downturn shows the volatility of investor sentiment around the second-largest crypto by market cap. Sponsored Still, not all digital assets suffered. Solana stood out with $291 million in inflows, buoyed by the anticipation of upcoming US ETF launches. XRP also drew $93.1 million, reflecting speculation that altcoins may benefit from diversification flows as institutional products broaden. Notwithstanding, the contrast is impossible to ignore. While Bitcoin and Ethereum remain sensitive to shifting macro narratives, assets like Solana are increasingly positioned as growth plays tied to product innovation and regulatory milestones. Shifting Economic Signals Turn Optimism Into Renewed Market Caution Sponsored The reversal comes as revised US GDP and durable goods figures undercut expectations for multiple interest rate cuts in 2025. Traders betting on looser monetary policy just days earlier now face a more hawkish outlook, denting risk appetite. This…

The post The Mafia Behind Wall Street’s Crypto Treasuries appeared on BitcoinEthereumNews.com. Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee as influential circles shape bold new bets in crypto. Capital has poured in, strategies repeat at speed, and familiar names keep surfacing. Yet behind the momentum, warning signs are emerging, leaving questions about how long this cycle can truly last. Crypto News of the Day: Power, Billions, and Cracks in Wall Street’s DAT Machine A tight circle of Princeton alumni is central to digital asset treasuries (DATs), one of the boldest bets in today’s markets, as indicated in a recent US Crypto News publication. Sponsored Sponsored Dubbed the “Princeton Mafia,” figures like Galaxy Digital’s Mike Novogratz, Pantera Capital’s Dan Morehead, and Ethereum co-founder Joe Lubin have repeatedly appeared in billion-dollar treasury deals, raising capital, stockpiling coins, and reshaping Wall Street’s approach to crypto. Over 85 publicly traded DAT firms have emerged this year alone, raising upwards of $44 billion from investors spanning the US, Asia, and the Gulf. While the strategy is simple, it is also powerful. It leverages Wall Street playbooks to raise cash, purchase crypto tokens like ETH and Solana (SOL), hold them on balance sheets, and then repeat. With recurring participation patterns by the same elite bankers and fund managers’ networks, DATs quickly became one of the most influential forces in crypto’s 2025 rally. Novogratz, Morehead, and Lubin’s ties go back to Princeton University in the 1980s, when the three were athletes and classmates. Decades later, their firms often cross paths in crypto ventures by coincidence or design. Recent deals illustrate the overlap, including Lubin’s Ether-focused SharpLink Gaming launching this year with backing from both Pantera and Galaxy. The two firms also invested in BitMine Immersion. Even when competing, as with dueling Solana…

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…