U.S. spot crypto exchange-traded products recorded about $70.7 million in combined net outflows during the Sep. 14–18 trading week, as withdrawals from Ether funds outweighed demand for Bitcoin, Solana, and Hyperliquid products.

According to data from Farside Investors, the four U.S. crypto ETF categories tracked by the firm diverged sharply during the week. Bitcoin products recovered from $746.3 million of combined withdrawals on Tuesday and Wednesday, while Ether ETFs failed to erase their midweek losses.

Solana funds drew fresh capital in four of the five sessions, including their strongest day of the week on Friday. Hyperliquid products also finished positive, although their $3.1 million weekly gain remained small compared with flows into the larger crypto funds.

Bitcoin ETFs erase most weekly losses with $433M Friday inflow

U.S. spot Bitcoin ETFs posted a net inflow of $6.1 million for the week after two large redemption days nearly pushed the group to a steep weekly loss.

The funds began with a $159.9 million inflow on Monday before losing $450.4 million on Tuesday and $295.9 million on Wednesday. Investors returned on Thursday with $159.5 million, followed by $433 million on Friday, the largest daily inflow of the week.

BlackRock’s IBIT led the weekly rankings with $120.6 million in net inflows. Fidelity’s FBTC followed with $79.9 million after drawing $310.7 million on Friday, the biggest single-fund inflow recorded that day.

Morgan Stanley’s MSBT added $13.2 million, while Franklin Templeton’s EZBC received $4.6 million. The gains were partly offset by $141.9 million in withdrawals from ARK 21Shares’ ARKB and $62.3 million from Grayscale’s GBTC. Bitwise’s BITB lost $2.7 million, and VanEck’s HODL shed $5.3 million.

The late reversal coincided with Bitcoin’s return above $80,000 on Friday. The asset had come under pressure earlier in the week as the Federal Reserve raised its target rate by 25 basis points to 3.75%–4.00%, its first increase in more than three years. Bitcoin later rallied as oil prices eased and crypto-linked stocks recovered.

Ether ETFs post $140.6M weekly outflow

U.S. spot Ether ETFs recorded approximately $140.6 million in net withdrawals, making Ether the weakest of the four crypto ETF categories covered by Farside.

The group attracted $121.1 million on Monday but lost $142 million on Tuesday, $224.1 million on Wednesday and $39.3 million on Thursday. A $143.7 million Friday inflow reduced the weekly deficit without fully reversing it.

BlackRock’s ETHA accounted for a net weekly outflow of $56.1 million despite taking in $114.3 million on Friday. Fidelity’s FETH lost $25.9 million, while Bitwise’s ETHW shed $33.1 million.

Grayscale’s ETHE posted $31.4 million in withdrawals. VanEck’s ETHV lost $10.3 million, 21Shares’ TETH shed $1.9 million, and Invesco’s QETH recorded a $5.4 million outflow.

BlackRock’s ETHB and Grayscale’s lower-fee ETH fund moved in the opposite direction, taking in $7 million and $16.2 million, respectively. Farside’s daily totals contain rounded fund-level figures, which can produce small differences when individual entries are added.

Ether’s negative weekly result widened the gap with Bitcoin products. Bitcoin ETFs recovered nearly all of their midweek redemptions, while the Friday demand for Ether funds covered only part of the $405.4 million withdrawn across the prior three sessions.

Solana ETFs draw $60.7M as BSOL leads Friday demand

Farside’s Solana ETF data showed $60.7 million in net inflows for the week, the strongest total among the four tracked crypto assets.

Solana funds received $11 million on Monday, $1.3 million on Tuesday and $800,000 on Wednesday. Thursday ended with no net movement before Friday’s inflow reached $47.6 million.

Bitwise’s BSOL generated $58.7 million of the weekly total. Grayscale’s GSOL contributed a net $2 million after a $3.9 million Monday inflow was partly offset by a $1.9 million withdrawal on Wednesday.

The remaining Solana products reported no net flows during the week. Friday’s $47.6 million allocation went entirely to BSOL, giving the Bitwise fund almost 97% of the category’s weekly net intake.

Hyperliquid ETFs add $3.1M during mixed week

Hyperliquid ETFs ended the week with $3.1 million in net inflows. The products recorded no movement on Monday, followed by a $3.9 million outflow from Bitwise’s BHYP on Tuesday.

Flows turned positive during the rest of the week. 21Shares’ HYPG received $1.7 million on Wednesday, while Thursday brought $1.9 million into BHYP and $2.4 million into 21Shares’ THYP. BHYP added another $1 million on Friday.

The combined weekly data left Bitcoin funds close to flat, Ether products in net redemptions and the two smaller altcoin categories positive. Across all four categories, approximately $70.7 million exited on a net basis, with the $140.6 million Ether outflow exceeding the combined inflows into Bitcoin, Solana and Hyperliquid funds.

Global NFT sales volume fell 15.28% to $37.54 million over the latest seven-day period, even as the number of buyer and seller addresses more than doubled.

According to data from CryptoSlam, captured on Sep. 19 with the “7 Days” setting selected, NFT sales declined while participation measures moved sharply higher.

Buyer addresses increased 174.04% to 114,977, while seller addresses rose 151.72% to 108,037. Those figures represent blockchain addresses rather than confirmed individual users.

The number of NFT transactions moved in the opposite direction, falling 9.08% to 808,432. The combination of more active addresses and fewer transactions showed that activity was spread across a larger pool of wallets, though CryptoSlam’s figures alone do not show whether those addresses belonged to new market participants.

The NFT decline occurred alongside a rebound in the wider crypto market. Bitcoin traded near $81,311, and Ethereum changed hands at approximately $2,647 when the market data was checked. The total cryptocurrency market capitalization stood near $2.79 trillion, according to CoinGecko.

The NFT and cryptocurrency market moves were concurrent, but the available data did not establish a direct causal relationship between them.

Ethereum leads NFT sales with $15.3 million

Ethereum remained the leading blockchain for organic NFT sales, generating $15.32 million during the seven-day period. Sales decreased 2.66%, while buyer addresses climbed 63.82% to 13,546.

The network also recorded $443,802 in wash-trading volume, down 52.41%. Including that activity, Ethereum’s total volume reached $15.76 million, a 5.44% decline.

Polygon ranked second by organic sales with $7.09 million, down 4.88%. The blockchain recorded 26,588 buyer addresses, up 91.47%.

Wash trading played a much larger role in Polygon’s figures. CryptoSlam identified $18.07 million in wash volume, lifting the network’s combined total to $25.15 million. Organic sales and wash trading are separate measures and should not be added when assessing ordinary NFT purchases.

Bitcoin placed third with $4.33 million in sales, representing a 53.99% weekly drop. Buyer addresses nevertheless climbed 141.29% to 5,441. The contrast showed that more Bitcoin addresses interacted with NFTs even as the dollar value of recorded sales fell.

BNB Chain followed with $2.58 million, down 36.26%. Its buyer count rose 384.73% to 10,732, the largest percentage increase among the six leading blockchains.

Base was the only top-five network to record higher organic sales. Volume increased 4.06% to $2.16 million, while buyer addresses surged 253.04% to 2,323. CryptoSlam also recorded $4.8 million in wash volume on Base, up 79.91%.

Solana ranked sixth with $1.89 million in sales, down 11.08%. Its 25,301 buyer addresses represented a 164.90% increase.

Together, the six leading networks generated approximately $33.36 million in organic sales, accounting for nearly 89% of the global total.

Courtyard tops weekly NFT collection sales

Courtyard on Polygon remained the leading NFT collection with $6.3 million in sales, down 0.93%. The tokenized collectibles marketplace recorded 123,504 transactions, up 21.52%, involving 18,459 buyer addresses and 14,921 seller addresses.

Ethereum-based Argonauts ranked second with $2.74 million, following a 36.91% decline. Transactions dropped 48.15% to 1,204, while buyer and seller addresses fell to 422 and 490, respectively.

Alchemix V3 Transmuter placed third after sales jumped 622.03% to $1.83 million. Almost all that volume came from eight transactions involving four buyer and three seller addresses.

The concentration matters because Alchemix V3 Transmuter tokens appear to be linked to positions within a decentralized finance protocol rather than conventional artwork or profile-picture collectibles. CryptoSlam classified the transfers as NFT sales, but the dashboard did not independently establish the economic purpose of each transaction.

Guild of Guardians Heroes on Immutable-Zk generated $986,168, up 3.5%. Its 689 transactions involved 390 buyer addresses and 399 seller addresses.

Panini America ranked fifth with $893,356 in weekly sales, an increase of 19.27%. The sports collectibles collection recorded 13,469 transactions, although buyer addresses declined 24.18% to 762. The collection provided a direct link to the U.S. sports card segment within the week’s NFT rankings.

Bitcoin-based $ATMC BRC-20 NFTs followed with $716,730, down 20.32%. CryptoPunks placed seventh with $706,667 after sales declined 37.39%, with nine transactions involving eight buyers and nine sellers.

Alchemix leads high-value NFT sales

Alchemix V3 Transmuter tokens accounted for four of the five largest individual transactions recorded during the seven-day period.

Alchemix V3 Transmuter #219 led the list at $770,985.44. The Ethereum-based token changed hands for 297.4017 WETH about 15 hours before the dashboard snapshot.

Alchemix V3 Transmuter #214 ranked second with a $715,216 sale settled in 284.8951 WETH five days earlier. The two leading tokens were sold by and transferred to the same respective blockchain addresses.

The third-largest sale came from Bitcoin. A $X@AI BRC-20 NFT sold for $402,534.35, or 5.19 BTC, five days before the snapshot.

Alchemix V3 Transmuter #216 followed with a $196,748.70 transaction involving 79.98 WETH two days earlier.

Alchemix V3 Transmuter #208 completed the top five after selling for $126,695.23, or 49.8681 WETH, seven days earlier. Together, the four Alchemix transactions generated approximately $1.81 million, accounting for nearly all the collection’s reported weekly sales.

Crypto and blockchain companies announced at least $180.25 million in disclosed financing across nine deals from Sep. 12 to Sep. 18. Crypto market data provider Kaiko led the week with a $110 million round backed by several major financial institutions.

Fin.com followed with a $20 million seed round, while stablecoin payment company dtcpay added $15 million to its Series A. Funding activity centered on market data, stablecoin payments, tokenized credit, and institutional financial infrastructure.

Data from Crypto Fundraising and company announcements showed seven deals with disclosed amounts and two investments with undisclosed terms. The total excludes acquisitions announced during the period, including S&P Global’s purchase of OpenZeppelin and Independent Research Forum’s deal for Nomina.

Kaiko raises $110 million from financial institutions

Kaiko secured $110 million in the largest crypto financing announced during the week. S&P Global led the transaction, with BNP Paribas, Nasdaq, Royal Bank of Canada, Bpifrance, and Susquehanna also participating.

The New York-based company provides market data, indices, reference rates, and other services covering more than 150 crypto exchanges and decentralized protocols. Kaiko said it would use the capital to improve its data services and expand its product range.

The investment followed an earlier agreement combining Kaiko’s digital asset indices and reference rates with S&P Dow Jones Indices’ crypto products under the S&P Kaiko Digital Asset Indices brand.

Participation from S&P Global, Nasdaq, and several large banks tied the week’s biggest round to growing institutional demand for regulated crypto data. Kaiko’s US operations also place it within a market where exchanges, asset managers, and financial companies need reliable pricing data for trading, tokenization, and investment products.

Fin.com secures $20 million seed round

Payments infrastructure company Fin.com raised $20 million in a seed round backed by Expa, Coinbase Ventures, Tenet Fund, and Second Sight Ventures. Expa founder and Uber co-founder Garrett Camp also participated.

Fin.com combines stablecoin infrastructure with local banking networks to help businesses send and receive cross-border payments. Its platform offers multi-currency accounts, fiat and stablecoin wallets, foreign exchange services, and embedded compliance through one application programming interface.

The company says its network connects businesses with regulated payment systems in more than 30 countries and supports over 40 currencies. Fin.com targets fintech companies, payroll providers, online marketplaces, and other businesses that would otherwise need separate banking connections in each market.

Coinbase Ventures’ participation gives the round a direct US link, while the company’s use of stablecoins reflects continued investor interest in connecting blockchain settlement with existing payment systems.

dtcpay adds $15 million to Series A

Singapore-based dtcpay received another $15 million in Series A financing from SBI Holdings and Genedant Capital. The investment took the company’s combined Series A funding to $25 million following an earlier $10 million close in March.

The company operates a regulated payment platform that allows businesses to accept, exchange, and settle fiat currency and stablecoin payments. Its products include checkout tools, point-of-sale payments, payment links, multi-currency swaps, and Visa card services.

SBI’s investment adds a large traditional financial group to dtcpay’s shareholder base. The company plans to expand its payment infrastructure and serve more businesses in retail, hospitality, and cross-border commerce.

The round was counted as $15 million in fresh weekly financing rather than the full $25 million cumulative Series A total.

Tare raises $13.25 million for onchain credit

Tare raised $13.25 million in seed financing for its blockchain-based credit infrastructure. Blockchain Capital led the round, with Janus Henderson Investors, Strobe Ventures, The Venture Dept, Neoclassic Capital, and the Avalanche Foundation participating.

Aave founder Stani Kulechov and Privy co-founder Henri Stern also joined the financing.

Tare is developing infrastructure for loan origination, servicing, portfolio monitoring, securitization, and structured finance. Its system uses Avalanche-based settlement and smart contracts while keeping much of the blockchain process out of the user interface.

The company’s target market includes loan originators and institutional investors seeking a shared record for private-credit transactions. The deal extended the week’s investment pattern beyond payments and into tokenized real-world assets.

Projects raising $10 million

• Finloop raised $10 million in Series A financing from HSBC and People’s Capital. The Hong Kong-based company provides AI-supported wealth-management services covering funds, bonds, structured products, digital assets, and tokenized real-world assets. The database records the transaction separately from a $10 million Series A announced in July 2025.
• Velocity secured $10 million in additional Series A financing at a reported $200 million valuation. Haun Ventures, Mirana Ventures, Circle Ventures, Ripple, Visa, and Translink Capital participated. The company develops stablecoin treasury and settlement services for businesses, payment providers, and financial institutions.

Funding under $10 million

• Tenka completed a $2 million pre-seed round led by Maven 11 Capital, with Gami Capital participating. The London-based company is building infrastructure for asset-backed finance and private credit, including standardized deal vaults, independent valuations, onchain reporting, and a secondary matching system. Tenka plans to launch its platform later in 2026.

Undisclosed strategic rounds

• PonyGo received an undisclosed investment from Pantera Capital. The project describes itself as a Web3 financial platform spanning asset management, yield products, real-world assets, token launches, and travel services. The investment was excluded from the disclosed weekly total.
• Rep closed an undisclosed angel round backed by Amber Group and a group of individual crypto investors. Rep is developing a portable reputation network that links verified onchain activity, social accounts, achievements, and community contributions to user-controlled profiles.

In this week’s edition of the weekly recap, the Federal Reserve raised interest rates for the first time since 2023, the CLARITY Act stalled in the Senate, and the SEC opened a five-year pathway for tokenized U.S. stock trading.

Fed raises rates for first time since 2023

• The Federal Reserve raised its benchmark interest rate by 25 basis points to a range of 3.75%–4% on Sep. 16. All 12 voting Federal Open Market Committee members supported the decision, while 16 of 18 officials projected at least one more increase before the end of 2026.
• Bitcoin briefly approached $76,000 after the announcement but remained under pressure from higher Treasury yields and a stronger dollar. More than $540 million in bullish crypto positions had been liquidated over 24 hours, while U.S. spot Bitcoin ETFs recorded over $450 million in net outflows on Sep. 15.

CLARITY Act falls short in Senate vote

• The Senate failed to advance the CLARITY Act after a cloture motion received 50 votes to 49, falling 10 votes short of the threshold needed to begin debate. The bill sought to divide digital-asset oversight between the SEC and CFTC.
• Negotiations had stalled over government ethics rules, stablecoin rewards, protections for software developers and the treatment of event contracts. Polymarket’s probability of the bill becoming law in 2026 fell from 31% to 7% after the vote, although Senate leaders could attempt another procedural vote.

SEC opens five-year tokenized stock pathway

• The SEC granted conditional relief allowing eligible venues to trade tokenized National Market System stocks through permissioned automated market makers and liquidity pools for five years.
• Platforms must ensure token holders receive the same rights and privileges as traditional shareholders. The framework also includes trading limits, public smart contracts and coordinated trading halts, while the SEC has requested public comments on possible changes.

House panel advances first federal crypto tax framework

• The House Ways and Means Committee approved the Digital Asset Tax Certainty Act in a 38–5 vote. The proposal would provide a tax exception for qualifying crypto network and transaction fees of up to $10.
• The bill also covers stablecoins, wash sales, digital-asset lending, mining, staking and broker reporting. Committee approval makes the proposal eligible for a full House vote, but both chambers would need to pass identical legislation before it could reach the president.

Bitcoin reserve bill clears House committee

• The House Financial Services Committee advanced legislation that would establish the Strategic Bitcoin Reserve and Digital Asset Stockpile in federal law. The amended proposal passed by 28 votes to 21.
• Bitcoin deposited into the proposed reserve would carry a minimum 20-year holding period. The Treasury and Commerce departments would also study budget-neutral purchases that do not require borrowing, new taxes or deficit spending.

CFTC sends crypto framework to White House

• The CFTC submitted a proposed crypto-market framework to the White House Office of Information and Regulatory Affairs on Sep. 17, two days after the CLARITY Act vote failed.
• Details remain undisclosed, but CFTC Chair Michael Selig had instructed staff to prepare rules under the agency’s existing authority. The proposal must return to the commission for a vote before publication and public comment.

Circle launches Arc mainnet with USDC gas

• Circle launched the Arc public mainnet with USDC as its gas asset and settlement times of under one second. The network supports 22 fiat stablecoins and tokenized funds, including BUIDL, USYC, JAAA and JTRSY.
• Initial validators include BlackRock, DTCC, Visa, Mastercard and Standard Chartered. Circle said the testnet processed more than 700 million transactions before the mainnet launch.

Coinbase infrastructure reaches thousands of U.S. banks

• Coinbase partnered with Stablecore to let U.S. banks offer crypto trading, custody, staking and stablecoin payments through their existing systems.
• Stablecore’s integrations reach technology used by more than 3,000 banks and credit unions, although the figure does not mean all have signed with Coinbase. Amarillo National Bank is among the institutions already participating.

S&P Global agrees to acquire OpenZeppelin

• S&P Global agreed to acquire blockchain-security company OpenZeppelin for an undisclosed amount. OpenZeppelin will remain a separate business unit and continue maintaining its open-source contracts library.
• OpenZeppelin has completed more than 900 security engagements, while contracts using its software have supported over $37 trillion in transfers. The agreement followed S&P Global’s participation in Kaiko’s $110 million financing round earlier in the week.

Deutsche Bank plans institutional crypto custody

• Deutsche Bank confirmed plans to launch digital-asset custody later in 2026, subject to regulatory and internal approvals. Initial support is planned for Bitcoin, Ether, USDC, EURC and EURAU.
• The service will initially focus on institutional and corporate clients in Germany, including asset managers, hedge funds, brokers and sovereign institutions. Deutsche Bank will manage customer wallets and private keys through warm and cold storage systems.

Fake AI trading tutorials steal 274.6 ETH

• Fake YouTube tutorials promoting AI-powered arbitrage bots stole 274.6 ETH, worth about $517,000, from 224 victims, according to TRM Labs.
• Nine videos directed viewers to compromised compilers that replaced displayed code with malicious smart contracts. Victims deployed 234 contracts and transferred funds through transactions they approved, with the median loss reaching 1 ETH.

Bitmine’s Ethereum holdings approach 6 million ETH

• Bitmine Immersion Technologies bought another 27,180 ETH, lifting its holdings to 5,956,378 ETH as of Sep. 13. The company valued the position at nearly $15 billion.
• Bitmine’s treasury represented about 4.9% of Ethereum’s reported 122 million-token supply, placing it close to its 5% target. The company had staked 5.07 million ETH, equal to roughly 85% of its holdings.

Linera has begun winding down its operations after a token sale attracted nearly $900,000 in commitments but failed to meet the minimum funding threshold.

Linera token sale falls below minimum threshold

Linera team members said on Discord that the project’s token sale on Sonar received close to $900,000 in commitments from participants. The total did not reach the minimum amount required for the sale to proceed, prompting the team to return all committed funds.

Because the offering did not close, participants did not receive tokens through the sale. The refund also left Linera without the fresh capital it expected to use as it worked toward its mainnet launch.

After the sale fell short, the team approached potential backers for emergency financing. Linera said those discussions did not produce enough money to maintain development at its previous pace or carry the project through to mainnet.

The team has therefore started reducing its operations in stages. Applications connected to the project will be closed, while its Discord community will also be taken offline as part of the process.

Linera did not describe the move as an immediate end to all protocol work. Team members said they still hoped to complete the technology and launch applications at a later date, though they did not provide a new timetable or identify another source of funding.

User points will remain without promised rights

For community members who collected points through Linera’s programs, the team said existing balances would remain recorded. However, it could not promise that the points would provide tokens, financial benefits, or any other rights in the future.

The distinction matters because project points are often used to measure early participation before a token launch. Linera’s statement only confirms that balances will be retained; it does not establish a conversion rate, distribution plan, or claim against the project.

Users who committed money to the Sonar sale stand in a different position because the team said the funds have already been refunded. The shutdown plan therefore centers on unfinished applications, community access and uncertain point balances rather than outstanding token-sale proceeds.

Operational closures can require different steps depending on the service involved. In February, crypto.news reported that Magic Eden set separate deadlines for its Bitcoin and EVM marketplaces and moved its multichain wallet into export-only mode before ending support. Linera has so far disclosed a gradual closure but has not published a comparable schedule for each application.

Its public website remained accessible at the time of reporting and continued to describe Linera Markets as a platform for trading crypto assets and exchange-traded funds through short-duration markets. The site said the markets operate around the clock and pay out after each market resolves.

Although the website lists active product features, the Discord announcement establishes that applications will be taken down as the team cuts operations. Users would therefore need to rely on the shutdown notices and any service-specific instructions issued by Linera.

Linera had raised $12M from major crypto investors

Before the unsuccessful token sale, Linera had secured about $12 million across earlier funding rounds, according to tokenized asset data platform RootData.

The investor list included a16z Crypto, GSR, Tribe Capital, Flow Traders and Laser Digital. Backing from that group gave the project access to both venture capital and firms active in digital-asset trading and market infrastructure.

A previous financing round and a public token sale serve different purposes. Venture rounds generally provide capital directly to the company or development organization under privately negotiated terms, while a token sale raises money from participants under the rules set by the issuer and its launch platform.

Linera’s earlier $12 million total consequently does not mean that the Sonar sale had already met its threshold. The team’s update indicates that continued operations depended on additional funding and that its existing resources were not sufficient to reach the planned mainnet launch.

The project was developed by Zefchain Labs, which is also named in the copyright notice on Linera’s website. Public company information describes Linera as blockchain infrastructure designed for fast, parallel activity, including markets that respond to events in real time.

Rather than processing all user activity through one shared execution stream, Linera’s technical model centered on smaller chains that could handle separate workloads. The project presented the design as infrastructure for applications requiring quick responses and many simultaneous interactions.

Reaching mainnet would have moved that work into a production-stage network. Linera’s announcement shows that the financial shortfall occurred before the team completed that step, leaving the protocol and its applications without a confirmed launch schedule.

US exposure comes through a16z Crypto backing

For U.S. readers, Linera’s clearest connection is a16z Crypto, the digital-asset investment arm of Silicon Valley venture firm Andreessen Horowitz. RootData lists the firm among Linera’s past investors, placing part of the project’s private financing within the U.S. venture market.

The team’s announcement does not identify the nationalities of Sonar participants, whether U.S. residents were eligible for the sale, or how much each investor committed. It also does not disclose the sale’s legal structure, token terms, or minimum target beyond saying that nearly $900,000 was insufficient.

Because all committed sale funds were refunded, the immediate update does not describe holders receiving a new Linera token through Sonar. Community points remain separate from the cancelled offering, and the team has not promised that they will create future token rights.

RootData also names GSR and Flow Traders, both active in global digital-asset markets, alongside Tribe Capital and Laser Digital. Linera has not stated whether any existing investor participated in the emergency financing talks or whether earlier backers will continue supporting limited protocol development.

For developers, the team’s stated hope of finishing the protocol leaves open the possibility of future work, but no replacement funding plan has been announced. The mainnet launch also remains unfinished, while the project proceeds with closing applications and its Discord community.