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Crypto Market Update: Robinhood Secures S&P 500 Spot as SEC Closes Crypto Probe

by admin September 8, 2025
September 8, 2025
Crypto Market Update: Robinhood Secures S&P 500 Spot as SEC Closes Crypto Probe

Here’s a quick recap of the crypto landscape for Monday (September 8) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$112,727, a 1.4 percent increase in 24 hours and its highest valuation of the day. Its lowest was US$110,690.

Bitcoin price performance, September 8, 2025.

Chart via TradingView

Ether (ETH) was priced at US$4,350.11, up by 1 percent over the past 24 hours. Its lowest valuation on Monday was US$4,272.20 and its highest was US$4,355.32.

Altcoin price update

  • Solana (SOL) was priced at US$215.24, an increase of 5.7 percent over the last 24 hours. Its lowest valuation on Monday was US$201.71, and its highest level was US$215.70
  • XRP was trading for US$2.99, up by 2.9 percent in the past 24 hours and its highest valuation of the day. Its lowest was US$2.85.
  • SUI (Sui) was trading for US$3.50, up by 2.6 percent in the past 24 hours, its highest valuation of the day. Its lowest for Friday was US$3.36.
  • Cardano (ADA) was priced at US$0.8646, up by 3.4 percent and its highest valuation for Monday so far. Its lowest point was US$0.8246.

Today’s crypto news to know

Robinhood set to join the S&P 500 after crypto-driven rally

Robinhood Markets is joining the S&P 500 later this month, capping a turnaround fueled by the crypto boom and surging retail interest.

The online broker, which once traded below its IPO price of US$38, has seen its shares triple in 2025 after climbing past US$100, with strong profits linked to digital asset trading.

Effective September 22, the inclusion comes alongside AppLovin and Emcor Group, highlighting Robinhood’s emergence from its early post-IPO struggles.

Investors point to the company’s pivot into crypto as a key driver as trading volumes and profitability rebounded under a friendlier US regulatory climate. The SEC also recently dropped an investigation into the platform’s handling of crypto listings.

Shares of the company jumped nearly 14 percent in Monday’s session on the S&P news.

Strategy doubles down with $217M Bitcoin purchase

Strategy (NASDAQ:MSTR), Michael Saylor’s Bitcoin-heavy firm, expanded its holdings with a fresh US$217.4 million purchase after being excluded from the S&P 500.

The acquisition of 1,955 BTC at an average price of US$111,196 lifts the company’s total stash to 638,460 BTC, worth roughly US$71.5 billion.

The move continues Strategy’s relentless accumulation strategy, even as rivals like Robinhood edge ahead in traditional equity benchmarks.

To fund the buy, the firm sold nearly 600,000 shares through its at-the-market program, generating over US$200 million.

Strategy’s stock dipped after-hours on Friday but steadied as markets absorbed the news.

Nasdaq files plan to launch tokenized securities trading

Nasdaq is seeking regulatory approval to allow tokenized securities on its main US exchange in what could be a landmark moment for blockchain-based finance.

According to Reuters, the proposal filed with the SEC would let listed equities and ETFs trade in either traditional or tokenized form, creating a bridge between legacy markets and digital settlement systems.

If approved, it would be the first time a national exchange hosts tokenized securities, a move expected to boost liquidity and attract new classes of investors.

The filing coincides with a growing regulatory shift, as the SEC considers amendments to accommodate crypto trading on national exchanges.

The exchange joins a growing roster of financial giants exploring tokenization strategies. Tokenized markets are edging closer to mainstream adoption under the Trump administration’s lighter regulatory approach.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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