Today's Crypto News Highlights September 12, 2025

The crypto market is back in the spotlight, with various breaking news stories having a direct impact on price movements and investor sentiment.

From surprising US economic data to the Scroll DAO announcement, to the actions of major companies like Mogujie and Avalanche expanding their exposure to digital assets.

This article summarizes today's crypto news to provide a clearer picture for those of you who want to stay updated on developments in the crypto world. Read this article to learn more!

US Economy Pressures Crypto Market

The latest data shows that initial jobless claims in the US reached 263,000 for the week ending September 6, the highest since October 2021. Annual inflation (CPI) in August was 2.9%, in line with market expectations.

This pressure on the labor sector has fueled expectations that the Federal Reserve will cut interest rates by 25 basis points on September 17. Most analysts also predict further cuts in the following quarter.

For the crypto market, looser monetary policy is usually positive because it encourages liquidity and investor interest in risky assets.

Crypto Projects in the Spotlight

Here are some crypto projects in the spotlight:

1. Scroll DAO Stop Governance Mechanism

Scroll DAO has officially suspended its governance mechanism. DAO leader Eugene stepped down this week, and the team stated they are "redesigning" their governance system.

Several proposals, such as treasury management, are still underway, but their implementation status remains unclear. This situation raises questions about transparency and the future of the projects.

2. Official ASTER Airdrop Can Be Checked

Over 137,000 wallets can now check their ASTER airdrop eligibility through a newly launched official tool. This is good news for users awaiting the token distribution.

3. Bubblemaps Releases Exposes Alleged MYX Airdrop Manipulation

Bubblemaps discovered that the MYX team is allegedly directly connected to the wallet that received the $170 million airdrop through 100 new wallets.

Cross-chain transactions show funding patterns similar to those of 95 other Sybil wallets. This finding supports the suspicion of insider trading in the MYX project.

4. Mogujie Enters the World of Digital Assets

Chinese e-commerce platform Mogujie (NYSE: MOGU) has approved a strategic plan to allocate up to $20 million of its assets to cryptocurrencies such as Bitcoin, Ethereum, and Solana.

This step was taken to diversify capital reserves while supporting the development of next-generation AI products.

5. Avalanche Prepares $1 Billion Fund

The Avalanche Foundation is exploring raising $1 billion to establish a digital asset treasury company. The funds will be used to purchase a large amount of AVAX tokens at a discount.

The first project is led by Hivemind Capital, while the second project is managed by Dragonfly Capital.

Green Technology and Innovation in Blockchain

Ant Digital and Longsin Technology announced the establishment of the “Ant Chain Trust” to transform fragmented green assets into scalable and tradable digital assets.

This innovation marks a major step in the tokenization of green assets with blockchain technology, AI, and the Internet of Things.

Conclusion

That's group bToday's crypto news demonstrates the rapidly shifting market dynamics. From US monetary policy to the movements of major crypto projects, everything influences investor sentiment.

News such as the ASTER airdrop, the Scroll DAO restructuring, and the expansion of Mogujie and Avalanche signal that the crypto industry continues to evolve in various directions, from governance and stablecoins to the tokenization of green assets.

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FAQ

Does US economic data affect crypto prices?

Yes, US monetary policy and economic conditions often impact crypto market sentiment.

Why did Scroll DAO stop governance?

The team said it wants to redesign the governance mechanism to make it more effective, but there is no clear timeline yet.

How to check ASTER airdrop eligibility?

You can connect your wallet to the official ASTER tool to check token allocation.

What is the impact of the alleged MYX manipulation?

If proven, this case could reduce investor confidence and trigger volatility in the price of the MYX token.

Why are companies like Mogujie and Avalanche getting into crypto?

This step was taken to diversify assets, support technological innovation, and seize opportunities in the ever-growing crypto market.