Swift Teams With Ethereum Software Giant Consensys for Blockchain Prototype

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💵 Weekly Crypto Fundraises & Deals

Here are all the crypto fundraises we heard about this week, ranked by size…

1. Kraken, a centralized exchange, has raised $400M in a pre-IPO, led by multiple investors

2. Flying Tulip, Andre Cronje’s new crypto project has raised $200M at a $1B token valuation in a private seed funding round, led by multiple investors

3. RedotPay, a blockchain company providing digital currency wallets and payment solutions, has raised $47M in a Strategic funding round, led by Coinbase Ventures

4. Bastion helping enterprises and financial institutions hold and utilize stablecoins at scale within their ecosystems in a way that is efficient, safe, and fully compliant, has raised $14.6M in a Series A funding, led by Coinbase Ventures

5. Share, a social trading app that indexes every on‑chain transaction across Solana, Base, and Ethereum, has raised $5M, led by Coinbase

🗞️ Crypto News Recap: The Top 5 Stories

Welcome back to This Week in Crypto… everything you need to know in one scannable format. Here are the top 5 stories of the week…

1. 🚀 Swift Teams With Ethereum Software Giant Consensys for Blockchain Prototype: Global financial messaging network Swift announced that it will incorporate a blockchain-based shared ledger into its infrastructure stack. The initiative’s first focus will be on a real-time, 24/7 cross-border payment use case. Swift said in the release that it will officially design the shared ledger based on a “conceptual prototype” Swift developed with Consensys.

2. 📉 Spot Ethereum ETFs see largest outflow week since inception:The ETFs saw a combined $795.6 million worth of outflows for the week ending Sept. 26, according to SoSoValue data, with over $10 billion in trading volume. The outflows just outpaced the second-worst week for the funds, the week ending Sept. 5, which saw $787.7 million worth of outflows.

3. ⚖️ CFTC launches initiative to enable stablecoins as derivatives market collateral:Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline Pham announced on Sept. 23 that the agency will launch an initiative to enable tokenized collateral in derivatives markets, including stablecoins.

4. 🚀 Starknet introduces bitcoin staking and yield product in BTCFi expansion:Bitcoin staking has gone live on Starknet, which the project describes as the first trustless way can be staked on a Layer 2. Holders can earn rewards while keeping custody of their assets and helping secure the network’s consensus process — a move Starknet has branded the “bitcoin strategy for OGs.”

5. ⚖️ Woman Pleads Guilty to $7 Billion Bitcoin Fraud Scheme in UK:Chinese national Zhimin Qian pleaded guilty to acquiring and possessing criminal property of 61,000 Bitcoin, now valued just shy of $7 billion, in a UK court on Monday.

💬 Tweet of the Week

📊 Key Stats of the Week

Here are the most important and interesting stats in crypto this week...

1. Amidst turbulent markets last week, SOL experienced one of its strongest weeks of institutional inflows with over $291M pouring in. September inflows now stand at $628M—over 7x larger than ETH.

Meanwhile, BTC (-$718M) and ETH (-$409M) both suffered heavy outflows.

October is poised to be a significant month for Solana with ETFs from Grayscale, Bitwise, and VanEck set to launch, and Fidelity and Franklin Templeton expected to follow before year-end.

2. Plasma has now seen over $1.3B of stablecoin deposits within the last 24 hours alone, more than any other chain combined. This pushes total stablecoin liquidity on Plasma to $3.9B in just 3 days. Absolutely wild activity, with lots of wild incentives.

3. Aster just settled $36B of daily volume, capturing more than half of all perp DEX activity. This also marks the third consecutive day of record-high perp DEX volume: $52.6B → $67.1B → $71.3B

More interestingly, however, Aster is the first perp DEX to handle more weekly volume than Hyperliquid since August 2024, when dYdX did it.

4. Pond is a Base-native Launchpad Incubating Startups at the Intersection of Crypto and AI, Recording Solid Monthly User Growth

5. BONK.fun Had a Cultural Moment in Summer 2025, but is Now Dwarfed by Pump.Fun’s Buybacks and Creator Features

📝 Highlights from the Top Crypto Reports

Here are the top highlights from the best crypto research reports this week…

ON-371: Launchpads 🛫

About the Author: OurNetwork, aims to help you understand crypto like never before by harnessing the power of onchain data & analytics. This is an excerpt from the full article, which you can find here.

📝 Editor’s Note:

Welcome to OurNetwork’s latest. This week, we’re covering launchpads, a sector of crypto which has emerged in the last 18 months with the ascendence of Pump.fun. In roughly a year, Pump went from launch to $100M in monthly revenue and 99% dominance in terms of revenue, according to Blockworks data.

That was January 2025. Now, Pump has attracted competitors like Clanker, Pond, and BONK.fun and commands roughly 70% of launchpad revenue. There are also 12 launchpads which generated over $100,000 in revenue whereas at the beginning of the year only Pump and Clanker surpassed that mark.

In short, the launchpad field is showing signs of maturity as new players enter.

Thank you to Alex, Lawrence Mosley, and mar1na for covering some of Pump’s key competitors below.

– ON Editorial Team

📈 Clanker Turns Token Launches into Infrastructure Fueling 456k Tokens and $3.9B+ Volume Powered by UniSwap v4 Hooks and Constant Upgrades

Clanker’s fourth version marked a turning point as it rebuilt on Uniswap v4, introducing hooks for dynamic fees, automated buybacks, vaulting, and MEV protection. Since launch, the protocol has processed $3.9B, with 65% of volume in 2025 alone. Daily activity peaked at $116M during rollout and now averages above $10M per day, showing Clanker has matured into durable launch infrastructure.

Each new version release sparked a surge in token creation: v3 peaked near 16k daily tokens, v3.1 drove another major wave, and v4 added fresh momentum. In total, over 456k tokens have been launched, showing how iteration cycles power Clanker’s growth.

Clanker’s revenue model takes a flat 20% share of LP fees. Since launch, LPs have earned $39.4M, while the protocol captured $7.9M. This consistent cut via v4 hooks highlights how Clanker monetizes activity while still routing the majority of value to liquidity providers.

🎧 Top Crypto Podcasts of The Week

Here are the crypto podcasts that are worth listening to this week...

1. Bankless - How Bad Will This Pullback Be? Will October Be Uptober or Downtober?

2. The Defiant - $100 Million DeFi DAT Chooses ETH | Ryan Zurrer

3. Coin Bureau - The SEC Just Changed Everything for Altcoins in 2025

4. Forward Guidance: Inevitable Money Printing Will Drive A “Debt Doom Loop” | Arthur Hayes

5. Unchained: Perp DEXs Hit Hard, Stablecoins Hit Harder - The Chopping Block

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📚 How To Get Started With Crypto Learning

1. Crypto: Explain It Like I’m 5 (Article)

2. The Infinite Machine by Camila Russo (Book)

3. Crypto Theses for 2021 by Messari (PDF)

4. Bankless - The DeFi community (Substack + Podcast + Discord)

5. Understanding Polkadot - The Next Generation Blockchain Tech (Website)

6. The Ethereum 2.0 Report from Messari (PDF)

7. Blockgeeks Video Tutorials (Video)

8. The Coinstack Website (Website)

9. 2008 Bitcoin Whitepaper (PDF)

10. 2013 Ethereum Whitepaper (PDF)

📰 The Coinstack Newsletter:

Tracking the most important blockchain stories of the 2020s, including a decentralized internet and the creation of a new open global monetary system that works for everyone. As always, published for informational purposes only. Please do your own research. Just our opinions. Not intended as financial advice as we are not financial advisors. We may own some of the digital assets we write about as we believe strongly in the sector. Please do your own research. Published and written weekly by Ryan Allis and Mike Gavela.

Coinstack is a news and analysis newsletter for the digital asset industry. None of the information here is a recommendation to invest in any securities or other types of investments. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in loss.

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