Crypto never sleeps, and neither does the news. Each week, we’ll break down the biggest stories shaping the global and Nigerian crypto markets so you can stay ahead. Here’s what happened this week
Latest Crypto News in Nigeria this Week
Quick Summary:
- WEF Raises Concerns Over AI, Crypto, Debt as Potential Global Financial Market Bubbles — Global leaders warn that unchecked AI and crypto growth could trigger future market instability.
- Ex-Binance CEO CZ Accuses Nigeria of ‘Kidnapping’ Former Staff Amid Trump’s Warning — CZ alleges unlawful detention of Binance employees as tensions rise between Nigeria and the exchange.
- DSS as Financial Watchdog Tackling Multi-Billion Naira Cyber Fraud in Nigeria — The secret police expand financial oversight to combat crypto linked fraud and digital money laundering.
- Flutterwave Taps Polygon to Reduce Cross-Border Costs for Stablecoin Payments — Partnership aims to cut transaction fees and improve global remittance efficiency across Africa.
- Nigeria’s Crypto Boom Masks Wealth Flight as Billions Flow Offshore — Rising crypto adoption conceals growing capital flight as investors move funds abroad amid economic uncertainty.
Top Crypto News in Nigeria Today
1. WEF Raises Concerns Over AI, Crypto, Debt as Potential Global Financial Market Bubbles
The World Economic Forum (WEF) has warned that rapid advances in AI and cryptocurrency, combined with rising global debt, could create new financial bubbles if not monitored.
In its latest global stability report, WEF analysts noted that speculative investment in digital assets and excess reliance on unregulated AI systems may increase systemic risks.
The warning comes amid growing calls for stricter governance around crypto markets and AI-driven trading platforms, especially in developing economies like Nigeria, where adoption continues to rise without a comprehensive regulatory framework.
Read More:
- 2025 Crypto Tax in Nigeria: All You Need to Know
2. Ex-Binance CEO CZ Accuses Nigeria of ‘Kidnapping’ Former Staff Amid Trump’s Warning
The comments come as global attention on the case intensifies, with Donald Trump also warning that Nigeria’s treatment of foreign workers could harm investor confidence.
Nigeria and Binance have been at odds since regulators accused the exchange of contributing to forex instability and money laundering.
CZ’s statement has reignited the debate on how Nigeria’s crypto crackdown is being perceived internationally, potentially impacting the nation’s tech investment landscape.
3. DSS Becomes Financial Watchdog Tackling Multi-Billion Naira Cyber Fraud
The agency reportedly uncovered several multi-billion naira crypto fraud networks, targeting unsuspecting investors through fake trading schemes and phishing attacks.
Through collaboration with the EFCC and CBN, the DSS aims to curb crypto money laundering and enforce stronger oversight of digital assets.
Analysts say the move signals Nigeria’s growing recognition of crypto’s influence on national financial security, and its determination to monitor digital transactions more closely.
4. Flutterwave Taps Polygon to Reduce Cross-Border Costs for Stablecoin Payments
The collaboration will allow businesses and individuals to send and receive payments faster and at lower costs compared to traditional rails. Flutterwave says integrating with Polygon’s blockchain will also improve transparency and scalability for international transactions.
This development could significantly strengthen Nigeria’s role in Africa’s digital payments ecosystem, offering a more stable and crypto friendly infrastructure for remittances and business settlements.
5. Nigeria’s Crypto Boom Masks Wealth Flight as Billions Flow Offshore
Nigeria’s booming crypto market may be influencing a hidden capital flight, with billions reportedly moving offshore through digital assets.
Analysts reveal that while more Nigerians are adopting crypto to hedge against inflation and naira depreciation, the trend also enables large-scale fund transfers out of the country.
Platforms like Binance P2P and Breet remain popular for exchanging crypto to foreign currencies. However, regulators worry this surge in decentralized finance could worsen foreign exchange shortages.
Despite these concerns, crypto remains one of the fastest-growing sectors in Nigeria’s economy, driven by youth innovation and global connectivity.
Global Crypto News: What’s Going On Around the World?
🌍 Global Crypto News: What’s Going On Around the World
While Nigeria shifts gears behind the scenes, the global crypto stage lit up this week. Big money, bold moves, and wild forecasts — here’s what’s turning heads worldwide:
1. Strategy Raises $715 Million in Europe to Expand Bitcoin Holdings
What happened: Strategy raised approximately €620 million ($715 million) through its STRE preferred stock offering in Europe. The proceeds will be used to acquire additional Bitcoin.
Why it matters: This marks a significant institutional bet on Bitcoin as a strategic asset, signalling confidence in digital assets for corporate treasuries and long-term holdings.
What it means for Nigerian traders and investors:
- For Nigerian crypto enthusiasts, the event underscores growing legitimacy for Bitcoin globally, boosting investor sentiment locally.
- It also suggests you might watch for increased adoption of Bitcoin in Nigerian portfolios or local platforms mirroring such moves.
2. Robinhood’s Crypto Revenues Surge, but Firm Hesitant to Add Bitcoin to Treasury
What happened: Robinhood Markets reported its crypto revenues jumped significantly by 300% to $268 million in Q3 2025, but stated it is still considering whether to hold Bitcoin in its corporate treasury.
Why it matters: The growth shows retail and trading demand for crypto remains strong, yet firms remain cautious about holding large reserves of volatile assets like Bitcoin due to risk and regulatory uncertainty.
What it means for Nigerian traders and investors:
- Nigerian users can interpret this as a signal that trading volumes are good and platforms are profiting, but holding large positions still carries risk.
- It suggests it’s wise to consider both trading and safe storage strategies.
3. Lummis Seeks to Make Bitcoin ‘Digital Gold’ in US Fiscal Strategy
What happened: US Senator, Cynthia Lummis renewed efforts to establish a Strategic Bitcoin Reserve (SBR) for the US government, positioning Bitcoin as a long-term fiscal asset like gold.
Why it matters: If successful, this would signal a major shift in how governments view and adopt cryptocurrencies, not just as investments but as sovereign assets.
What it means for Nigerian traders and investors:
- For the Nigerian market, such developments mean that crypto is becoming more mainstream globally.
- It also signifies that stronger government backing elsewhere may influence regulatory expectations locally.
4. Crypto ring busted in Europe after €600 million scam
What happened: Multiple European law enforcement agencies took down a large cryptocurrency scam and laundering network that defrauded victims of over €600 million ($689 million) through fake investment platforms. Nine suspects were arrested across several countries.
Why it matters: Large scale fraud underlines the ongoing risks in crypto, especially for investors using less regulated or peer-to-peer marketplace without proper safeguards.
What it means for Nigerian traders and investors:
- Nigerian crypto users should take this as a strong reminder to choose reputable exchanges, enable full security such as 2FA, KYC, and avoid investment offers that seem too good to be true.
- They should remember that scams remain a major threat, especially in emerging markets.
2. New U.S. & US ETF activity — Canary, Bitwise launch altcoin ETF products
What happened: Canary Capital planned ETFs tied to Litecoin and Hedera, while Bitwise planned a Solana ETF launch the same week, a sign that the U.S. ETF issuance is expanding beyond Bitcoin and Ethereum.
Why it matters: Greater ETF variety helps institutional and retail investors get exposure without self-custody, widening investor access and increasing liquidity for different crypto assets.
What it means for Nigerian traders and investors:
- Wider ETF product choice overseas can attract global liquidity; local on-ramps may start offering new ways to gain exposure, either through tokenised ETFs or custody partners.
- ETFs can lower some volatility by broadening the investor base, but they also redirect trading to regulated markets, which may affect prices on local exchanges.
Related:
🔭 Top Crypto Stories to Watch Next Week
Top Crypto Stories to Watch Next Week
1. Japan’s FSA Moves to Rein In Crypto Lending With Tougher Rules and IEO Caps
The Financial Services Agency (FSA) in Japan proposed shifting crypto oversight from the Payment Services Act to the stricter Financial Instruments and Exchange Act, signalling tighter rules for issuers and lending.
This shift targets increased investor protection, caps on initial exchange offerings (IEOs) and lending risks in crypto, hinting at global regulatory tightening.
2. CFTC Confirms Talks to Launch Spot Crypto Trading With Leverage Next Month
The Commodity Futures Trading Commission (CFTC) in the U.S. confirmed it is in discussions with regulated exchanges to launch leveraged spot crypto trading for assets like BTC and ETH as early as next month.
Introducing regulated leveraged spot trading in the U.S. could funnel major volume and institutional money into crypto, raising liquidity and global market dynamics.
3. Trump Wants to Make America a ‘Bitcoin Superpower’: A New Chapter in U.S.–China Rivalry
Donald Trump has publicly indicated a strategic push for the U.S. to dominate in crypto, particularly in Bitcoin, hinting at use of digital assets in geopolitical power plays.
Crypto is shifting from a niche investment to a tool of national policy, and this signals that global regulation, sovereign holdings and institutional access will intensify.
4. EU Launches Tougher Stablecoin Regulations to Shield Crypto Markets
The Markets in Crypto‑Assets Regulation (MiCA) in the EU has entered its next phase, bringing stricter rules for stablecoin issuers and requiring full transparency and reserves backing.
Stablecoins determine much of global crypto liquidity; tighter regulation in the EU could shift issuer behavior, impact global stablecoin availability, and affect cross-border flows.
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That’s the roundup for the latest crypto News in Nigeria this week. This post will be updated every week to bring you the latest Crypto news in Nigeria. Thanks for reading!
