Monat: September 2025

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LINEA price spikes 14% as SWIFT picks Linea for pilot

  • Linea token LINEA has jumped by over 14% to reach highs of $0.029 amid major SWIFT news.
  • Reports say SWIFT and bank partners including PNB Paribas and BNY are set to test blockchain messaging system.
  • SWIFT has selected Linea for the pilot.

LINEA, the native token of the Ethereum Layer 2 network Linea, has surged by 14% in the past 24 hours, with a sharp spike coming on the back of a major SWIFT announcement.

The token reached intraday highs of $0.029 as news emerged that the interbank messaging platform has selected Linea for testing its system on the blockchain. Gains saw LINEA outpace many altcoins that struggled amid broader crypto price turmoil.

SWIFT to test messaging system on Linea blockchain

SWIFT, the Society for Worldwide Interbank Financial Telecommunication, which facilitates secure messaging for over 11,000 financial institutions across more than 200 countries, is embarking on a transformative experiment.

According to exclusive insights from The Big Whale, SWIFT has partnered with Consensys-developed Linea, an Ethereum Layer 2 solution, to explore migrating its core messaging system onto the blockchain.

Gregory Raymond, co-founder of The Big Whale, shared the news on X.

The collaboration will also involve global banking giants, with over 10 banks including BNP Paribas and BNY.

SWIFT is also set to team up with over a dozen institutions on the project, said The Big Whale, with many of these already engaged in the initiative’s proof-of-concept phase.

According to a well-placed source, the project, though still in development, could herald a significant technological overhaul of the international interbank payments industry.

Why the layer 2 blockchain Linea?

Linea’s appeal lies in its emphasis on privacy, enabled by advanced cryptographic proofs.

The banks see this as aligning with the regulatory and security demands of the banking sector.

Linea offers an enterprise-grade infrastructure platform for global finance.

Per details on its website, the network already supports financial institutions like Mastercard, Visa and JP Morgan.

The Consensys-backed platform is designed for blockchain solutions, including tokenization, trading, payments, and onchain settlement.

It allows for integration with decentralized finance protocols, custodians, and real-world asset tokenization platforms.

LINEA price spikes amid news

SWIFT’s plans and The Big Whale’s report on the development triggered a notable market reaction from the LINEA community.

LINEA price chart on CoinMarketCap

As the token soared over 14%, the price increase was accompanied with a 6% increase in daily trading volume to $353 million.

The gains saw Linea join the likes of Subsquid, Solv Protocol and Lombard in outpacing the top coins.

Linea price reached its all-time high of $0.04657 on September 10, 2025.

The uptick could, therefore, see bulls attempt to retest this level.

Holders and stakeholders will closely monitor the progress of SWIFT’s pilot as it unfolds.

The post LINEA price spikes 14% as SWIFT picks Linea for pilot appeared first on CoinJournal.

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SoftBank and Ark consider backing Tether in funding round: report

  • Tether seeks $15–20B funding at $500B valuation with SoftBank and Ark in talks.
  • A $500B valuation could make Tether one of the world’s largest private firms.
  • SoftBank and Ark backing may boost Tether’s push for mainstream legitimacy.

Tether Holdings SA, the issuer of the world’s largest stablecoin, is in early discussions with major investors, including SoftBank Group Corp. and Ark Investment Management LLC, for a multibillion-dollar fundraising round that could place the company among the most valuable private firms globally, reported Bloomberg.

The fundraising effort could value Tether at as much as $500 billion.

The company is seeking between $15 billion and $20 billion in exchange for roughly a 3% stake through a private placement.

A potential $500 billion valuation

If successful, the fundraising would represent Tether’s largest attempt yet to secure external capital and could rank it alongside the most highly valued private companies in the world.

At a $500 billion valuation, Tether would surpass many global blue-chip firms in size, reflecting both the scale of its token issuance and the financial returns generated from its reserves.

Tether’s dollar-pegged stablecoin, USDT, is widely used to move value across crypto markets and beyond, offering a way for investors to transact outside of traditional banking systems.

Backed by cash-like assets, primarily US Treasuries, the company has earned substantial profits from interest income on these reserves.

Chief Executive Officer Paolo Ardoino leads the company, while co-founder Giancarlo Devasini serves as chairman and remains its largest shareholder.

Bloomberg estimated that a $500 billion valuation would value Devasini’s personal stake at nearly $224 billion.

Strategic backing from SoftBank and Ark

Tokyo-based SoftBank, led by founder Masayoshi Son, has a long history of making ambitious technology bets, ranging from self-driving cars to semiconductors and artificial intelligence.

A potential investment in Tether would align with its strategy of pursuing disruptive opportunities, including its planned $30 billion investment in OpenAI.

Ark Investment Management, led by Cathie Wood, has also shown strong interest in digital assets.

The firm has previously invested in Circle Internet Group Inc., Tether’s closest rival in the stablecoin space.

Circle’s USD Coin (USDC) currently has a market value of about $74 billion, compared with $173.5 billion worth of tokens issued by Tether.

The potential involvement of SoftBank and Ark could bolster Tether’s efforts to expand its footprint in mainstream finance and enhance its political legitimacy, particularly in the US, where the company has previously faced scrutiny over its role in facilitating illicit transactions.

Advisory role and industry impact

Cantor Fitzgerald LP, the New York-based investment bank led for years by current US Commerce Secretary Howard Lutnick, is advising Tether on the fundraising.

The firm also provides custody services for Tether’s assets, underscoring its key role in the company’s financial operations.

The fundraising comes as stablecoins increasingly attract attention from investors, regulators, and governments.

With US authorities preparing stricter oversight of digital assets, securing high-profile financial backers could prove vital for Tether’s positioning in global markets.

If the talks progress and funding is secured, Tether’s valuation would mark a milestone not only for the company but also for the broader cryptocurrency ecosystem, signaling the continued integration of digital assets into mainstream finance.

The post SoftBank and Ark consider backing Tether in funding round: report appeared first on CoinJournal.