Coinpedia Digest: This Week’s Crypto News Highlights | 20Th September, 2025

What Happened

After months of silence, Michigan’s Bitcoin Reserve Bill (HB 4087) is back in motion. The proposal, introduced in February, would allow the state treasury to invest up to 10% of reserves in bitcoin and potentially other cryptocurrencies. The bill has now advanced to a second reading in the state House and been referred to the Government Operations Committee.

Ethereum’s next steps are now on the table. At the Japan Dev Conference, Vitalik Buterin shared a roadmap that balances short-term upgrades with a long-term vision. Immediate changes include raising Layer 1 gas limits and boosting scaling to handle more transactions.

Market Context

President Trump openly pressured Chair Jerome Powell, demanding cuts “bigger than [Powell] had in mind” and even threatening to fire him. Bitcoin barely moved, holding near $116,000, while traders looked to future cuts for bigger market impact.

#2 Native Markets Wins USDH Ticker

Native Markets has won the race to issue Hyperliquid’s new USDH stablecoin, securing over 70% of validator support. The decision followed a heated contest that drew big names like Paxos and Frax before several pulled out. USDH will be issued directly on Hyperliquid’s HyperEVM, with reserves split between BlackRock off-chain and Superstate on-chain.

BNB has crossed the $1,000 mark for the first time, rising 4.5% to $1,004 and overtaking Solana to become the fifth-largest cryptocurrency by market value. The move comes as reports suggest Binance is negotiating with the U.S. Department of Justice to ease compliance terms from its 2023 settlement.

Also Read: Binance Founder Changpeng Zhao Reveals Why BNB Price Hit $1,000

Crypto was back in Washington this week. In three separate roundtables, lawmakers met with industry leaders to discuss a strategic Bitcoin reserve and long-delayed market structure rules. Michael Saylor joined Rep. Nick Begich and Sen. Bernie Moreno to push the BITCOIN Act, a bill that could let the US hold up to 1 million BTC.

Coinbase’s Brian Armstrong met House leaders on the market bill, while Senate Republicans advanced their own version, the Responsible Financial Innovation Act. Even Cardano’s Charles Hoskinson was present.

Why It Matters

The post Coinpedia Digest: This Week’s Crypto News Highlights | 20th September, 2025 appeared first on Coinpedia Fintech News

Crypto is pressing deeper into the mainstream – governments are weighing reserves, regulators are tightening rules, and giants from PayPal to Google are reshaping payments. Add in fresh ETF approvals and surging token treasuries, and it’s clear the industry is no longer waiting on the sidelines.

Details

If you missed the headlines, here’s your quick catch-up.

#1 Fed Cuts Rates by 25bps, Bitcoin Holds Ground

The Federal Reserve (finally) cut interest rates by 25 basis points, its first move since December 2024, bringing the funds rate to 4%-4.25%. The decision came despite inflation stuck at 2.9%, as job creation was revised down by 911,000 and unemployment edged higher.

Half of the yield will go to HYPE buybacks, the rest to ecosystem growth. For Hyperliquid, it’s a clear step toward stablecoin independence.

#3 Michigan Bitcoin Reserve Bill Finally Moves Forward

If passed, Michigan would join Texas, New Hampshire, and Arizona in exploring bitcoin reserves, adding momentum to this year’s broader trend of sovereign adoption.

#4 BNB Hits New All-Time High as CZ Teases Comeback

Adding to the buzz, co-founder Changpeng Zhao updated his X bio from “ex-Binance” to “Binance,” sparking talk of a possible return.

#5 Congress Holds Crypto Talks With Industry Leaders

#6 Vitalik Buterin Outlines Ethereum’s Future at Dev Conference

Mid-term, Ethereum will focus on smoother cross-Layer 2 interoperability. Looking further ahead, Buterin stressed building a secure, simple, and quantum-resistant network. Ethereum is tightening its focus as competition among smart contract platforms heats up.

#7 UK and US Team Up on Stablecoin Rules

The UK and US are moving closer on crypto, with stablecoins set to be the starting point. Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent met in London this week, joined by Coinbase, Circle, Ripple, Citi, and Barclays. The talks, pulled together at short notice, followed pressure from industry groups ahead of President Trump’s state visit.