Friday Forecasts: 12/09/25
September 12, 2025
Your weekly pulse on markets, narratives, protocols, and policy.
Market Pulse
Bitcoin Just Saved GameStop From a Bigger Meltdown
The retailer purchased $500 million worth of Bitcoin in the second quarter, a position now worth $528.6 million. That $28.6 million unrealized gain helped offset weaker demand for hardware and software, which pushed net sales down to $674 million. Net loss came in at $18.5 million, a marked improvement from earlier quarters, with operating losses trimmed to $9.2 million thanks to aggressive cost controls.
XRP Smashes $3 as Apple’s $1.5B Buy-In Rumors Spark Frenzy
XRP Reclaims $3: A Psychological Milestone Ignites Investor Optimism
XRP has officially reclaimed the $3 level, a milestone that carries heavy psychological weight for both retail and institutional investors.
After weeks of consolidation and gradual upward momentum, this breakthrough is being hailed as a pivotal turning point that could reshape market sentiment around the digital asset.
Narratives to Watch
Nasdaq-listed QMMM surges 800% on crypto treasury plan targeting Bitcoin, Ethereum, and Solana
Shares of Nasdaq-listed QMMM Holdings (ticker QMMM) are up more than 700% in Tuesday’s session after the company announced an expansion into crypto analytics as well as plans for a digital asset treasury, or DAT.
Hong Kong-based QMMM is a digital media advertising and virtual technology services firm and seeks to integrate artificial intelligence and blockchain technology “to create next-generation cryptocurrency analytics and a crypto-autonomous ecosystem.
Canadian Solana Treasury Firm SOL Strategies Debuts on Nasdaq
SOL Strategies Inc., formerly Cypherpunk Holdings, is live on the Nasdaq Stock Exchange under the ticker STKE, becoming one of the few Solana-focused treasury companies listed on a major U.S. exchange.
The company’s shares will continue to trade on the Canadian Securities Exchange under HODL, while those on the OTCQB Venture market under CYFRF will automatically convert to the Nasdaq listing. STKE opened at around $12.85 this morning and is currently trading at $8.18, per Google Finance.
CWD stock rockets 2,500%! Nasdaq firm Caliber launches LINK digital asset treasury
Caliber, a Nasdaq-listed real estate and digital asset manager, has made its first move into the crypto world with an initial purchase of Chainlink tokens as part of a system test transaction.
The platform plans to fund its LINK acquisitions using a mix of cash reserves, existing credit lines, and equity-based securities.
Protocol Watch
Whales rush to Solana as spot ETF approval approaches
Solana (SOL) is gaining traction as more whale wallets are accumulating tokens. The final stretch until the spot ETF approval deadline is seen as an accumulation period, potentially extending the SOL bull market.
On October 10, the US Securities and Exchange Commission will have to issue a statement on the launch of a new spot ETF. As Cryptopolitan reported earlier, the ETF has a 95% chance of approval.
Vitalik Buterin Just Dropped a New Ethereum Proposal
Speaking about recent technical progress, Buterin introduced a fresh concept he believes could help drive Ethereum’s evolution — a minimal zero-knowledge virtual machine known as leanVM.
A Simpler Virtual Machine – Unlike heavier zkVM implementations, leanVM is designed to cut costs and streamline performance
Regulatory Radar
Gemini Secures Nasdaq Investment Ahead of New York IPO
According to people familiar with the matter, Nasdaq will invest $50 million through a private placement alongside Gemini’s planned New York listing later this week.
The exchange aims to raise as much as $317 million in its initial public offering, trading under the ticker “GEMI”. While the final structure could shift depending on market conditions, Gemini’s shares are expected to begin trading on Nasdaq by Friday.
Grayscale seeks SEC approval to launch spot Chainlink ETF in the US
Grayscale has filed an S-1 registration statement with the Securities and Exchange Commission in a bid to manage what could be one of the first spot Chainlink exchange-traded funds in the United States — including a potential staking component.
The proposed fund — a conversion from Grayscale’s existing Chainlink Trust product — seeks to offer direct exposure to the price of LINK, the cryptocurrency associated with Chainlink’s decentralized oracle platform.
Moonrig Perspective
Markets are maturing — and so are narratives.
Real opportunity now lies in utility-backed protocols, tokenomics with intent, and cross-chain infrastructure.
This is where Moonrig gives you the edge:
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Strategic portfolio design via BUIDL
360-degrees view of your Crypto holdings via HODL
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