Crypto Weekly: SEC Fast-Tracks ETFs, EU Banks’ €-Stablecoin

SEC clears a faster path for spot crypto ETFs

The U.S. Securities and Exchange Commission approved generic listing standards for spot crypto exchange-traded products, shrinking timelines for plain-vanilla launches to roughly 75 days when issuers meet predefined criteria. Analysts think Solana and XRP funds could be among the first to use the framework as early as October.

Nine EU banks form a euro stablecoin company

A group featuring ING, UniCredit, and CaixaBank set up an Amsterdam entity to issue a MiCA-compliant euro stablecoin backed 1:1 by reserves. The plan targets payments, settlement for tokenized assets, and cross-border transfers, with a launch goal in H2 2026 after seeking an e-money license in the Netherlands. Read more here.

Ethereum “Fusaka” targets Q4, testnets first

Core developers continue to prepare Fusaka—a scaling upgrade centered on PeerDAS—for Q4 2025, with public testnets planned before mainnet. Timing remains contingent on test results. Read more here.

RCMP’s record crypto seizure shuts TradeOgre

Canada’s federal police seized C$56 million (~$40 million) in digital assets and dismantled the non-KYC exchange TradeOgre as part of a money-laundering investigation. It is the country’s largest crypto seizure to date.

Binance celebrates BNB highs with $800k promos

After fresh BNB all-time highs, Binance rolled out promotions totaling up to $800,000 in rewards across user campaigns. Check eligibility windows and terms on the Binance announcement.

ReserveOne moves toward Nasdaq via $1B SPAC

Crypto treasury firm ReserveOne advanced its plan to list on Nasdaq by filing an S-4 tied to its merger with M3-Brigade Acquisition V. The deal, if completed, would trade under ticker RONE.

Market snapshot: deleveraging week, SOL underperforms

Crypto saw its biggest deleveraging of 2025 early in the week. Solana (SOL) led declines, hovering near −20% week-over-week, while liquidations spiked. A two-day window registered about $112 million in SOL long liquidations, according to Cointelegraph.