Coinbase Unveils Mag7 + Crypto Futures as SEC and CFTC Clear Spot Asset Trading

Trump Family’s WLFI Token Debuts With $5.5 Billion Market Cap, Swelling Holdings to $5 Billion Amid Ethics Concerns

Donald Trump and his sons have turned their World Liberty Financial project into a multi-billion-dollar venture with the launch of its WLFI token on Monday. Initially sold in private rounds for just a few cents, WLFI is now trading around $0.23 with a market cap of $5.5 billion, placing it among the world’s top 30 cryptocurrencies. The Trump family controls up to 22.5 billion WLFI tokens, translating to roughly $5 billion in value, alongside stakes in other ventures like Trump’s memecoin and a planned publicly traded company modeled after MicroStrategy’s Bitcoin strategy. While Trump has pivoted from crypto skepticism to becoming one of its most powerful political backers, critics warn that the family’s crypto empire blurs the line between politics and profit, creating potential conflicts of interest as the Trump administration eases industry regulation.

Coinbase to Launch Mag7 + Crypto Equity Index Futures Combining Top Tech Stocks With BlackRock’s Bitcoin and Ethereum ETFs

Coinbase is launching Mag7 + Crypto Equity Index Futures, a new product that blends exposure to leading tech stocks and crypto ETFs. The index includes Nvidia, Apple, Microsoft, Alphabet, Amazon, Meta, Tesla, Coinbase shares, and BlackRock’s spot Bitcoin and Ethereum ETFs, with each component evenly weighted at 10%. The product, set to begin trading on September 22, marks Coinbase’s first equity index futures offering as it seeks to diversify beyond single-asset derivatives amid declining spot trading volumes. The move reflects a broader push in digital assets to merge traditional finance with crypto markets through tokenized equities and ETF-linked products.

SharpLink Gaming Adds $176 Million in Ethereum, Boosts Holdings to $3.6 Billion as Stock Slips 5% After 400% Rally

SharpLink Gaming, a Nasdaq-listed company that pivoted from gambling marketing to becoming an Ethereum treasury earlier this year, added 39,008 ETH worth $176 million last week, bringing its total holdings to 837,230 ETH valued at nearly $3.6 billion. The firm, which executed a $425 million PIPE deal led by Consensys in May, has seen its stock soar over 400% since then but fell 5% on Tuesday to $16.89. Traders had expected SharpLink to accumulate 1 million ETH by September 16, though odds of hitting that target have dropped from 57% to 30% after the latest purchase. The strategy mirrors MicroStrategy’s Bitcoin playbook but focuses on Ethereum, which recently traded at $4,300 after hitting a record $4,946 in August.

Winklevoss-Led Gemini Seeks $316.7 Million in Nasdaq IPO at $2.2 Billion Valuation After $282.5 Million Loss

Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss, is seeking to raise up to $316.7 million in a Nasdaq IPO, valuing the company at around $2.2 billion. The firm plans to sell 16.7 million shares at $17 to $19 each. The listing comes amid a surge in crypto IPOs following Trump’s pro-crypto policies and new stablecoin legislation. Despite holding over $18 billion in assets, Gemini reported a $282.5 million net loss on $68.6 million revenue in the first half of 2025. Its revenue relies heavily on trading volume, with additional products including a stablecoin, custody, staking, and a crypto-rewards credit card. Goldman Sachs and Citigroup are leading the offering.

SEC and CFTC Issue Joint Statement Allowing Registered Exchanges to Trade Spot Crypto Assets, Marking Shift Toward Pro-Innovation Regulation

The SEC and CFTC issued a joint staff statement clarifying that exchanges registered with either agency are permitted to facilitate trading of certain spot crypto asset products. The announcement signals stronger cooperation between the regulators to expand market venue options and support innovation in the U.S. crypto sector. SEC Chairman Paul Atkins emphasized the importance of giving market participants freedom of choice, while CFTC Acting Chairman Caroline Pham framed the move as part of President Trump’s broader agenda to position America as a leader in digital assets. The effort builds on the SEC’s Project Crypto, the CFTC’s Crypto Sprint, and recommendations from the President’s Working Group, underscoring a new era of coordinated oversight and pro-crypto regulatory support.