Polkadot’s DOT token slid nearly 5% in the past 24 hours, despite the network’s community approving a landmark governance proposal that reshapes its tokenomics.

On Sept. 14, the team confirmed via X that the community had passed the “Wish for Change” proposal, which sets a hard cap of 2.1 billion DOT.

The move ends Polkadot’s open-ended issuance model, which generated roughly 120 million new tokens yearly.

Currently, around 1.6 billion tokens are in circulation, meaning more than three-quarters, or 76%, of the eventual supply has already been minted.

Polkadot said it aims to stabilize its long-term economic design by introducing scarcity and winding down inflation as a funding mechanism. The change highlights a broader effort to reduce dependence on perpetual issuance and push the ecosystem toward alternative revenue streams.

DOT’s new inflation schedule

The new framework introduces a stepped-down inflation schedule beginning March 14, 2026. Under the revised model, token issuance will taper over a two-year adjustment period.

Polkadot estimates that about 1.91 billion DOT will be in circulation by 2040, which is far below the 3.4 billion projected under the old system. The final cap is expected to be reached around the year 2160.

To manage this process, the proposal outlines three schedules for reducing inflationary pressure. One option immediately cuts emissions by more than half before easing off, while another applies sharper early reductions followed by a gradual decline through the next century.

Polkadot’s ecosystem changes

The governance overhaul arrives as Polkadot works to strengthen its position against rivals like Ethereum through initiatives such as Polkadot Capital Group, which seeks to bridge traditional finance.

It also coincides with the return of co-founder Gavin Wood as CEO of Parity Technologies, the blockchain network’s development arm.

Yet these moves have failed to halt the token’s slide.

At press time, DOT trades at roughly $4.20, according to CryptoSlate data, marking a fresh 24-hour decline of nearly 5%.

The drop compounds a broader downturn, with the asset losing about 34% of its value since the start of the year.

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08 September Bitfinex Securities approaches $250 million tokenized securities milestone and sets up plans to acquire a full Astana International Finance Center license

Astana, Kazakhstan – September 8, 2025 – Bitfinex Securities, a regulated platform that allows entities to raise capital through a list of tokenized securities, has submitted an application to migrate from the Astana International Finance Center (AIFC) Fintechlab to confirm that it will be an accredited investment exchange.

Bitfinex Securities joined AIFC’s Fintech Lab in September 2021, a regulatory sandbox that supports the development of the local financial industry. Since then, it has issued $206 million worth of tokenization securities at AIFC Fintechlab, which includes Mikro Kapital’s regular tokenization bond program. Bitfinex Securities has been licensed separately from El Salvador since April 2023.

The Bitfinex Securities licensing expansion plan in Astana is of course, as the platform has shown significant momentum to assert Bitfinex Securities’ growth, as it confirms that it reaches $250 million tokenized assets across the platform. This year we have already seen many highlights, including:

• The direct list of Titan1 and Titan2, the first tokenized share issuance of Bitfinex Securities, amounts to a total of 143 million Gbp.
• Full redemption of Mikro Kapital’s first tokenized bond paid USDT 630,000.
• The direct list of Blockstream Mining Note 2 (BMN2) allows for secondary market trading opportunities of just under $9, based on fair value.

“We’re looking forward to seeing you in the process of doing things,” said Paolo Ardoino, CTO at Bitfinex Securities. “We continue to thank the support we have received from AIFC, a proven innovator in regulating digital assets. We confirm that we apply the upgrade to a full license in Astana after a successful initial license period. A regulatory environment to attract and nurture companies such as Bitfinex Securities.”

“We’ve seen the best of our customers,” said Jesse Knutson, operations manager of Bitfinex Securities. “To approach $250 million with tokenized assets on the platform is a significant milestone and a marker of trust we built together with the issuer. Given that all listings are supported by the liquid network, the Bitcoin ecosystem emphasizes that it plays a significant financial role. It continues to grow. We look forward to expanding our listings to make Bitfinex securities an outstanding platform for the full range of tokenized assets.”

Bitfinex securities are also regulated in El Salvador and were the world’s first international digital asset platform licensed under the country’s digital asset issuance law.

About Bitfinex Securities

Founded in 2021, Bitfinex Securities is looking to transform global capital markets by leveraging technological advances in the digital asset industry. With real-time payments, 24/7 trading capabilities, access to global liquidity and self-support, Bitfinex Securities aims to create more efficient, cost-effective, and seamless interactions between investors and issuers. Bitfinex Securities is licensed and regulated at the Astana International Financial Centre in Kazakhstan and El Salvador.

Bitfinex Securities Media Contact Information

(Email protection)

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Crypto exchange Gemini

$65.2M

is planning to enter public markets by offering 16.67 million shares of its Class A common stock.

The company submitted its registration paperwork on September 2 and aims to raise up to $317 million through the offering, with shares priced between $17 and $19.

This filing follows a prior application submitted on August 16 to have its Class A shares listed on the Nasdaq Global Select Market under the ticker symbol GEMI. If successful, the offering could value the company at roughly $2.22 billion, based on estimates cited by Reuters.

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Several financial firms are helping to move the IPO forward. Goldman Sachs, Citigroup, Morgan Stanley, and Cantor have been named as lead bookrunners. They are joined by several additional firms, including Evercore ISI, Mizuho, and Truist Securities.

The company and some of its shareholders have also granted underwriters the ability to purchase up to 2.4 million extra shares and an additional 103,652 shares from selling holders within 30 days of the offering.

Gemini noted in the filing that it qualifies as an “emerging growth company” under US securities law. This status allows the firm to report less information than larger public companies.

For example, the filing includes only two years of audited financial statements and skips over sections such as executive compensation details. The company also plans to continue using these exemptions going forward, as allowed by law.

Recently, The Ether Machine secured an investment ahead of its anticipated IPO. How much did the company receive? Read the full story.

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XRP’s price action this cycle has been full of notable bull runs. However, according to a crypto analyst known pseudonymously as CryptoBull, the real bull run is yet to begin. According to a technical analysis posted on X by this analyst, when XRP finally begins its bull run, the massive swing will take its price action to as high as $37. 

Analyst Says XRP Bull Run Hasn’t Started Yet

XRP has displayed wide price swings in the past week, moving between $2.78 and $3.12 as volatility intensified across the wider crypto market. The token opened the week at $2.86 after a sharp sell-off, bounced back above $3.07 in a midweek surge, then retraced again before recovering to around $2.92 at the time of writing. These movements have kept XRP locked around the $3 level, which is shaping up as both resistance and support in the short term.

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Despite the price hovering around $3, which is still a 400% increase from its price point a year ago, crypto analyst CryptoBull argued that XRP has not yet entered its true bull run phase. In a post on X, the analyst highlighted how the current chart structure is repeating the pattern seen between 2015 and 2018. During that cycle, XRP traded in a prolonged sideways range before breaking into its historic rally that carried its price to an all-time high of $3.4. 

Although XRP has already broken past this price point to register a new peak of $3.65 this cycle, it is still closing below its previous peak. According to the analyst, this means that the breakout to new highs has not been confirmed. The accompanying chart reinforces this view, showing a consolidation just below the old ATH, with an arrow pointing to where the bull run begins.

A Path To $37 If History Repeats Itself

The most important takeaway here is for XRP to start closing above its previous all-time high of $3.4, especially on the weekly candlestick timeframe. According to CryptoBull, XRP would still be positioned to surge as high as $37 if this happens. This price target is based on the previous breakout in 2017, albeit with a reduced percentage gain.

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If realized, this would represent more than a 1,130% increase from today’s price levels. Based on XRP’s current circulating supply, this would translate to a market cap of over $2.4 trillion. To put this into perspective, Bitcoin’s current market cap is currently about $2.2 trillion.

Although this target might be too bullish, some XRP proponents have suggested that a Spot XRP ETF approval later this year could be the catalyst needed to ignite such a move. Others have even pointed to a larger price target above $100 contingent on XRP’s adoption among banks and other financial institutions.

At the time of writing, XRP is trading at $2.92, down by 2.7% in the past 24 hours.

Featured image from iStock, chart from Tradingview.com

According to Gert Van Lagen, XRP’s macro structure has finally done one thing that is necessary. Break and hold the base neckline for seven years. “XRP (2W) – Ripple is ready to rip. A 7-year double bottom is broken. His chart is drawn on a logarithmic scale with a two-week candle, framing the movement as a multi-cycle inversion rather than a short-term pop.

Can XRP really hit $34?

Geometry is clear on the chart. The wide W-shaped base extending from the 2018-2024 Bear Market has been carved with twin rows carved into the $0.20-$0.30 region, returning to the horizontal neckline just above the $2 handle. Van Lagen marks his first breakout attempt with the Red Cross beyond that barrier, followed by a decisive surge and pullback tagging support around a $2-double area annotated by blue dots. In the log chart, the textbook breakout-retest sequence is usually the confirmation step that the technician normally looks for before projecting the target.

The price at the time of the snapshot is labeled $3.19 on the right axis. So, the XRP is traded above the neckline, but below the 2018 record high, it’s $3.40. Previous macrocaps now serve as support, so their placement is important. Stay north at about $2.00, the double bottom paper continues. The measured arrows drawn from the neckline replicate the height of the base on a multiplicative (log) basis. So, rather than adding a few dollars, an upward extension jumps into the mid-double digits.

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Van Lagen’s original purpose is explicitly derived from Fibonacci’s proportions. He sets the double bottom 2.00 expansion as his initial target and lands at “near $34”. On his scale, the projected pass surpasses the $27 and $20 gridlines, with a short tag on the $30 midterm before the average revert. This coincides with how log scale extensions are translated when long integrations are released quickly.

The left side of the graphics provides historical rhymes that readers want to notice. Between 2014 and 2017, XRP built small double bottoms within the shady accumulation zone, breaking the neckline, retesting, and accelerated vertically. Vanlagen marks the sequence at the same Red Cross and blue dots at retest on breakout, plus a vertical measurement arrow indicating how the previous base was resolved. The current pattern, covered over 2018-2025, repeats its choreography on a much larger scale.

His sketches include a roadmap of time and price using 12 forward candles (2-week bars) that mimic arcs of 5-6 months across movements when echoing the previous cycle. The first Projection Bar Vault XRP is over $11. After three candles, the blue pass exceeds $36, about six weeks after running.

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The fourth candle follows a deep retracement towards the $11 region, followed by a sharp recovery of over $30 in the fifth. The next three candles will stabilize around the $30 area before the pass lowers another slide to ~$11 and begins the start of the cooling phase. Sequences are descriptive rather than normative, but they visually lock augmented mathematics into the possibilities of market behavior.

Whether XRP can follow a steep path sketched in blue is a separate question from whether the double bottom has been technically activated. Van Lagen’s chart answers second yes. The breakout and retest sequence has been completed. First Answer – ~$34 Delivered towards FIB Expansion – Determines by what the next two weeks candles will look like.

At the time of press, the XRP traded for $3.14.

Featured images created with dall.e, charts on tradingview.com