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🚨 Crypto Weekly Pulse: Big Moves, Key Partnerships & Market Surprises
Your front-row seat to the biggest gains, boldest calls, and breaking stories in crypto—delivered daily.
CoinGape Media
September 08, 2025
📰 News
Nasdaq Files With SEC To List Tokenized Stocks
An SEC filing shows that the stock exchange has asked the Commission to let investors trade tokenized stocks on its platform. The exchange operator has filed a proposed rule change to amend the Exchange’s rules to enable the trading of securities on its platform in tokenized form.
In line with this, Nasdaq proposes the trading of these securities in either traditional form (without utilizing blockchain technology) or tokenized form (utilizing blockchain technology).
Furthermore, Nasdaq detailed how these tokenized stocks will trade, suggesting that they should trade similarly to traditional stocks if they have the same shareholder rights as the underlying security. The exchange operator also proposes to label these tokenized stocks as such, so that it is clear to market participants when they want to settle their trades.
It also proposes that tokenized stocks receive the same priority as traditional stocks when executing orders. Notably, this move comes just days after Galaxy Digital became the first Nasdaq-listed company to tokenize its common stock.
It is worth mentioning that the SEC has already clarified before now that tokenized stocks are still securities, suggesting that these kinds of stocks will still get the same treatment as traditional assets.
Meanwhile, the SEC had earlier launched ‘Project Crypto’ as part of plans to promote tokenization of stocks and bring the U.S. markets on-chain. As such, the move from Nasdaq might be one that the Commission is open to. Moreover, Paul Atkins’ administration has so far shown its willingness to promote innovation in the crypto space.
Notably, the SEC and CFTC plan to host a roundtable on September 29, where they will also discuss the possibility of 24/7 markets. The potential approval of Nasdaq’s proposed rule change could be one of the first steps towards achieving that.
Grayscale Files S-1 For Chainlink ETF
A SEC filing shows that the asset manager has filed its registration statement for its Grayscale Chainlink Trust (LINK), which it aims to convert into an ETF. According to the filing, the fund will list and trade on the New York Stock Exchange (NYSE) Arca.
Notably, Grayscale is aiming for the Chainlink ETF to list in line with the proposed Generic Listing Standards for Crypto ETFs. Under this listing standard, a crypto ETF may list on an exchange without the need for a 19b-4 filing to list and trade shares of this fund.
The asset manager noted in the filing that it believes that the shares of its LINK ETF would qualify for listing and trading on the NYSE if the SEC approves the Generic Listing Standards.
In line with this, Grayscale doesn’t plan to seek the effectiveness of this registration statement until the SEC adopts the proposed rule change or if it determines that such approval is not necessary. The firm also stated that it has prepared the prospectus for its Chainlink ETF based on a potential approval of these Generic Listing Standards.
Grayscale becomes the second fund issuer to file for a LINK ETF under the 33 Act. As CoinGape reported, Bitwise’s LINK ETF filing was the first under the Act. Meanwhile, Tuttle had earlier filed for a 2x LINK ETF under the 40 Act.
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📊 Market
Pi Coin Price Action Hints at Adam and Eve Breakout Toward $1.20
The Pi coin price has been consolidating at the support level, where buyers have continued to defend against deeper losses. This zone has acted as a strong floor, preventing further downside even after months of selling pressure earlier in the year. At press time, Pi coin’s current market value trades around $0.34.
On the chart, an Adam and Eve base is taking shape, a bullish pattern that typically signals the start of a larger rally when confirmed. Resistance levels at $0.49 and $0.69 stand out as the next hurdles, with both having stopped previous rallies in their tracks.
A decisive break above those levels could fuel stronger buying interest and shift sentiment. Without such a breakout, Pi risks extending its sideways range for longer.
The potential upside becomes clearer if the neckline is cleared, as the measured move from the Adam and Eve formation points toward $1.20. That projection would represent a 250% rally from current levels, making this setup especially significant for holders.
Daily candles also reflect tighter trading ranges, which often precede bigger moves once pressure builds enough. Should Pi Network price follow through, the next phase could mirror earlier mark-up cycles where rallies built steadily after extended consolidation.
The combination of structure and historical recovery phases reinforces optimism, strengthening the long-term Pi coin price outlook.
Ethereum Price at Risk as BlackRock Continues Selling
There are signs that the Ethereum price is about to crash as BlackRock, the biggest asset manager, continues to sell some of its holdings.
On-chain data shows that the company moved coins worth $312.5 million to Coinbase on Monday. Companies and individuals move tokens from self-custody to exchanges when they want to sell them.
The selling process has coincided with the recent Ethereum ETF outflows. Data compiled by SoSoValue shows that these funds had total outflows worth $446 million on Friday. They have had outflows in the last five consecutive days, lowering their cumulative inflows to $12.7 billion.
Therefore, the ongoing BlackRock selling could be because of the recent outflows. The iShares Ethereum Trust had outflows of $309 million on Friday.
On the positive side, ETF outflows are normal in an any asset. For example, they lost over $237 million in outflows in the week to August 22, followed by inflows of $1.08 billion a week later.
The other bullish catalyst for Ethereum price is that treasury companies have continued their accumulation. Tom Lee’s BitMine Immersion has bought Ether coins worth over $9 billion, making it the biggest corporate holder. SharpLink has over 797k coins worth $3.4 billion.
The other catalyst that may drive the ETH price is that the network is doing well. Total stablecoin assets jumped to over $154 billion, much higher than other crypto projects.
