Here’s a lowdown of the biggest events in the crypto world last week:
Bitcoin Said “Duh” Despite US Interest Rate Cuts 💅🏽
On September 17, 2025, the US Federal Reserve finally cut interest rates by 25 basis points for the first time since December 2024. Big news, right? You’d think crypto markets (especially Bitcoin) would pop bottles. Instead, Bitcoin (BTC) just rolled its eyes and went, “Duh.” 💅🏽
Rather than pumping hard, BTC stayed flat, chilling between $115,000–$117,000 like nothing happened. And it wasn’t only Bitcoin ignoring the party. Ethereum (ETH) slipped more than 3% in the past week, while altcoins like Solana (SOL) and Tron (TRON) barely blinked at the rate cut hype.
Still, don’t write this off as boring just yet. More cuts could be coming in October and December, which means cheaper loans, more liquidity, and a higher appetite for risk. That’s usually a recipe for fresh bullish energy. Who knows? Maybe we’ll see smaller tokens flex harder — just like Binance Coin (BNB), which hit $1,000 last week 👀.
Dogecoin and XRP ETFs Set Records on Launch Day 🚀
On September 19, 2025, Dogecoin and Ripple’s XRP had their Exchange-Traded Funds (ETFs) launch with a combined $54.7 million in a single day trading volume 📈.
Leading the charge was the REX-Osprey XRP ETF (XRPR), raking in $37.7 million and getting crowned as the biggest ETF debut of 2025. Not far behind, the Dogecoin ETF (DOJE) clocked $17 million, landing in the top five ETF launches this year.
Analysts thought the inflows would be modest, but investors clearly had other plans. The hype shows growing hunger for regulated crypto exposure beyond Bitcoin and Ethereum among retail and institutional investors — with DOGE and XRP now breaking further into mainstream finance.
Nigerian Tax Reforms Sparked Fresh Crypto Conversations 💭
The new Nigerian tax reform was one of the hottest conversations on the internet last week 🔥. The summary is that the Nigerian government is set for a new tax system that will reportedly take off on January 1, 2026. But how does it actually affect your crypto?
Simply put, as an individual crypto trader or investor, there’s an income tax on all your personal earnings, including your crypto gains. If your total income for the year (including crypto profits) is less than ₦800,000, you won’t pay personal income tax. Simple. ✅
For instance, if you buy BTC with N100,000, sell for N200,000, make N100,000 profit, you don’t pay income tax because your profit is below N800,000. However, you’ll still pay other taxes like Value Added Tax (VAT) and electronic transfer tax. Anything above N800K in total profit per year from your crypto trading or staking activities, get your tax ready.
For businesses, the rules are different, so you want to talk to your financial adviser to know how the new tax laws can affect your crypto company.
Bottom line: your crypto isn’t free from taxes, but if you’re an individual, the ₦800k threshold gives you some breathing space. Also, it is only your gains that will be taxed and not the value of the crypto you hold.
Just a quick heads up. This information is for educational purposes only and should not be considered tax or financial advice. Please consult your tax or professional adviser before making decisions.
Disclaimer: This content may cause extreme FOMO (Fear of Missing Out). Side effects of investing include sudden wealth (or, you know, the opposite 😢).
Please do your own research (DYOR) or speak to your financial advisor before making any decisions.
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More Hot Web3/Crypto Jobs For You
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