Here’s what is going on with crypto today

The Coinomist brings you the most important stories to know what happened to crypto today. Bitwise Asset Management filed for a Chainlink ETF, Canary Capital submitted a TRUMP token ETF application, and cross-border payments company Tazapay raised Series B funding with backing from Ripple and Circle Ventures.

Bitwise files for Chainlink ETF as LINK price rises

Bitwise Asset Management submitted an S-1 registration form to the Securities and Exchange Commission for a Chainlink exchange-traded fund. The filing occurred on August 26, 2025.

The proposed ETF would track the price of LINK tokens through traditional brokerage accounts. Investors could buy and sell shares without directly holding the cryptocurrency.

LINK token price increased after the ETF filing announcement. The token gained value during trading hours following the news.

Chainlink operates a decentralized oracle network that connects smart contracts with real-world data. The network allows blockchain applications to access information from outside their native systems.

LINK tokens pay for oracle services on the Chainlink network. Node operators receive LINK payments for providing data feeds to smart contracts.

The SEC has not approved any single-cryptocurrency ETFs beyond Bitcoin. Chainlink would represent the first oracle token to receive ETF consideration if approved.

Canary Capital submits TRUMP token ETF application

Canary Capital filed an S-1 form with the SEC for a spot ETF tied to the TRUMP token. The application adds another altcoin proposal to the regulatory review queue.

The TRUMP token operates as a meme-based cryptocurrency. Canary Capital's filing follows other attempts to create ETFs for meme tokens and alternative cryptocurrencies.

The SEC has not provided specific guidance on how it will evaluate ETF applications for smaller cryptocurrency tokens. Regulators continue to review various altcoin ETF proposals.

ETF applications now cover different types of cryptocurrency projects including infrastructure tokens, layer-1 blockchains, and meme-based assets. Multiple asset managers have submitted filings for non-Bitcoin and non-Ethereum tokens.

The SEC typically takes several months to review ETF applications. The agency requests amendments and additional information during the review process.

Tazapay raises Series B funding from Ripple and Circle

Tazapay completed a Series B funding round led by Peak XV Partners with participation from Ripple and Circle Ventures. The company did not disclose the funding amount.

Several existing investors returned for the funding round. Tazapay provides cross-border payment services for merchants and businesses.

The company offers compliance-focused payment rails that connect traditional banking with digital asset settlement. Businesses can process international payments through multiple channels including card networks and bank transfers.

Ripple operates XRP cryptocurrency and provides cross-border payment solutions for financial institutions. Circle Ventures serves as the investment arm of Circle, which issues USDC stablecoin.

Tazapay plans to use the funding to expand its merchant payment services across different geographic regions. The company focuses on compliance requirements for international money transfers.

The funding supports payment platforms that bridge traditional finance with digital assets. Cross-border payment companies continue to attract investment from cryptocurrency firms.

Peak XV Partners, formerly Sequoia Capital India and Southeast Asia, leads investments in technology companies across multiple markets. The firm has backed various fintech and payment startups in recent years.