📰CBC Insights Weekly

Latest Happenings in Crypto and Blockchain Technology

Crypto Bootcamp Community

Sep 12, 2025

Greetings from the stables of CBC insights 💯

Catch this week’s latest in crypto, blockchain technology and web3. Buckle up and enjoy the ride! 😉

Issue #37 | Current Events and Developments

📈 Cryptocurrency Highlights

HashKey launches a $500M Digital Asset Treasury Fund

Hong Kong–based exchange HashKey Group has announced it is putting together a Digital Asset Treasury (DAT) fund with an initial target of US$500 million. Reuters

The fund will target mainstream crypto assets, especially from the Bitcoin and Ethereum ecosystems. Reuters
Purpose: to allow institutions and public companies to hold crypto in treasury, taking advantage of favorable regulatory shifts and potential upside in token value. Reuters
Significance: Underscores that institutional adoption continues and that large players are increasingly comfortable with digital assets as part of their financial strategy. It also shows regulation + infrastructure in places like Hong Kong are enabling these moves. Reuters

Sub-Saharan Africa among fastest-growing crypto regions; Nigeria leading

According to a recent Chainalysis report: Chainalysis

Sub-Saharan Africa (SSA) saw ~52% growth in on-chain transaction value between July 2024 and June 2025 (reaching over US$205 billion) — making it the third-fastest-growing region globally, behind APAC and Latin America.
Within SSA, Nigeria leads by a large margin: over US$92.1 billion in value received. Much of that growth is driven by retail demand and by users hedging inflation or foreign exchange risk.
Bitcoin dominates as a store of value in Nigeria (~89% of purchases), while stablecoins are heavily used for larger cross-border / trade / merchant payments. BeInCrypto

Emerging Meme/L2 tokens gaining traction: “Layer Brett” & others

There’s a lot of buzz around new Layer-2/meme-coin hybrid projects, especially one called Layer Brett (LBRETT).

It’s in presale, combining meme-culture appeal + utility (low transaction fees, scalability).
Compared / contrasted with more established alts like Solana (SOL) and Hyperliquid (HYPE), this kind of token appeals to those looking for high short-term upside. But of course comes with high risk.
There’s also strong interest in other similar “trending” crypto assets: some presales are raising millions, attracting thousands of early backers. Indiatimes

🇳🇬 Nigeria Focus

Blockfest Africa 2025 coming to Lagos

The festival is now scheduled in Lagos (October 11, 2025) and expected to host over 4,000 attendees from Africa and beyond. AMBCrypto
It’s being billed as “Africa’s Web3 Super Bowl”—a gathering to bring together creators, startups, builders, regulators, and investors. AMBCrypto
Key focus areas: workshops, masterclasses, panels, pitches. It’s free (but limited spaces). AMBCrypto

Strong Local Use Cases & Challenges

Crypto usage in Nigeria is being significantly driven by real-world pressures: inflation, FX restrictions, and the search for value preservation or cross-border transfers.
Stablecoins are playing a big role in larger transfers & trade, while small retail uses dominate at the grassroots. Chainalysis
Regulatory environment: there’s ongoing tension; clearer frameworks are needed so innovation can scale without risk. Events like Blockfest Africa also serve as venues to engage with regulators, share best practices, and possibly influence policy.

Pitching Web3: Why founders are avoiding the label “Web3” when engaging with local investors

At ETHSafari 2025 (Nairobi), founders and investors from across Africa discussed how the term “Web3” can sometimes be a barrier when seeking funding locally. Techpoint Africa
The advice: focus on the problem being solved (fintech, agritech, creator economy, etc.), rather than starting with “we are a Web3 company.” The tech (blockchain, tokens, etc.) is often just infrastructure. Techpoint Africa
For Nigeria founders, this suggests refining messaging so that local VCs or angel investors see direct value, not just futuristic tech.

📈 Market Overview

(As of September 12, 2025, 9:00 AM WAT)

The crypto market is trading with strong bullish momentum, fueled by major institutional adoption news from Morgan Stanley and growing regulatory optimism in the US. Bitcoin is pushing towards the $120,000 level, with many altcoins, especially in the Solana ecosystem, showing significant strength.

Top Coins by Market Cap (Approx. Prices in USD):

Bitcoin (BTC): ~$115,030
Ethereum (ETH): ~$4,523.00
Solana (SOL): ~$237.21
BNB (BNB): ~$904.67
XRP (XRP): ~$3.06
Dogecoin (DOGE): ~$0.2601
Cardano (ADA): ~$0.8989

(Data sourced from real-time market trackers. Prices are highly volatile.)

Naira Exchange Rate (NGN/USD) - Approx. September 12, 2025:

Official Rate (NAFEM): The official rate is trading in the range of ₦1,498 - ₦1,502 per $1 USD. CBN RATES
Parallel Market Rate (BDC/Street – Ibadan): The parallel market rate in Ibadan is approximately ₦ 1,522 - ₦ 1,540 per $1 USD. P2P rates on exchanges will typically fall within this range. NGN Rates

📅 Upcoming Events

Permissionless III (September 9-11 | Salt Lake City, USA)
TOKEN2049 Singapore (September 18-19 | Singapore)
Mainnet 2025 (September 30 - Oct 2 | New York, USA)
Devcon 7 (Southeast Asia) (November 12-15 | Bangkok, Thailand)
Nigerian Blockchain Conference (November 20 | Lagos, Nigeria)

(Check event websites for registration, agendas, and virtual participation options.)

🔗 Quick Links:

📊 Weekly Poll

With the ongoing discussions about the Naira and the rise of stablecoins, we're curious about how our community uses crypto on a daily basis.

Stay tuned for more updates in next week’s edition of CBC Crypto Weekly!

Disclaimer: The information provided is based on available sources as of August 20, 2025, and does not constitute financial advice. Always do your own research and consult with a financial professional before making investment decisions. Heed all warnings and directives from regulatory bodies like the Nigerian SEC and CBN.

Got a tip or want to share your thoughts?

Reach out to us at thecbccommunity@gmail.com

CBC Insights