🦊 MetaMask Prepares to Launch Its Own Stablecoin
MetaMask, with 30M+ monthly users, is set to unveil details of its USD-pegged token mUSD this week, with launch expected by month’s end. 🚀
The project involves Bridge (acquired by Stripe) for payments integration and Blackstone for custody & treasury management.
Like other big players, MetaMask aims to tap into yields from underlying stablecoin assets such as U.S. Treasuries. 🇺🇸🏦
MetaMask, with 30M+ monthly users, is set to unveil details of its USD-pegged token mUSD this week, with launch expected by month’s end. 🚀
The project involves Bridge (acquired by Stripe) for payments integration and Blackstone for custody & treasury management.
Like other big players, MetaMask aims to tap into yields from underlying stablecoin assets such as U.S. Treasuries. 🇺🇸🏦
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Crypto soothsayer
📊 Fed Rate Cut Odds Soar! The probability of a Fed rate cut on September 17 has reached 96%. 💎 Meanwhile, Bitcoin hovers around $120,000—all before the rate drop! 🤩 Markets are buzzing as investors anticipate major moves.
⚠️ FedWatch Alert!
Markets now price a 100% chance the Fed will cut rates in September: 97.8% probability for a 0.25% cut and 2.2% for a deeper 0.5% mov 🔥
Markets now price a 100% chance the Fed will cut rates in September: 97.8% probability for a 0.25% cut and 2.2% for a deeper 0.5% mov 🔥
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🇵🇬 Papua New Guinea Eyes Bitcoin Reserve
Government officials in Papua New Guinea are meeting with crypto industry leaders to explore the possibility of establishing a national BTC reserve — a potential move that could place the country among Bitcoin-friendly nations. 💰
Government officials in Papua New Guinea are meeting with crypto industry leaders to explore the possibility of establishing a national BTC reserve — a potential move that could place the country among Bitcoin-friendly nations. 💰
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Crypto soothsayer
⚠️ FedWatch Alert! Markets now price a 100% chance the Fed will cut rates in September: 97.8% probability for a 0.25% cut and 2.2% for a deeper 0.5% mov 🔥
📉 After Scott Bessent’s speech and fresh U.S. macro data (which briefly sent BTC to $118K), the odds of a Fed rate cut in September dropped from 100% to 92.6% — still a very high chance of a cut.
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📊 Coinbase’s Q2 report sees the crypto market outlook as “constructive” and hints at a possible altcoin season starting in September!
BTC dominance fell from 65% in May to 59% in August, while altcoin market cap jumped over 50% since July. 🔥
Institutional interest in ETH is rising, with 2.95M ETH (~2% supply) held by crypto-reserve firms.
Coinbase links the forecast to macro trends, potential regulatory progress, and a Fed rate cut in September that could shift capital from $7T in U.S. money market funds into risk assets like crypto. 💰👨💻
BTC dominance fell from 65% in May to 59% in August, while altcoin market cap jumped over 50% since July. 🔥
Institutional interest in ETH is rising, with 2.95M ETH (~2% supply) held by crypto-reserve firms.
Coinbase links the forecast to macro trends, potential regulatory progress, and a Fed rate cut in September that could shift capital from $7T in U.S. money market funds into risk assets like crypto. 💰👨💻
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U.S. institutions are on a Bitcoin shopping spree! 🇺🇸
The Coinbase Premium Gap — the price difference between BTC on Coinbase and other exchanges — has skyrocketed to $88.7 🚀.
This spike signals strong spot buying pressure from U.S. institutional investors on Coinbase, hinting at aggressive accumulation behind the scenes.🏦
The Coinbase Premium Gap — the price difference between BTC on Coinbase and other exchanges — has skyrocketed to $88.7 🚀.
This spike signals strong spot buying pressure from U.S. institutional investors on Coinbase, hinting at aggressive accumulation behind the scenes.🏦
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🇺🇸🔥 US Treasury clarifies: Bitcoin purchases still on the table
After spooking the market with comments that wiped $55B off BTC’s cap, US Treasury Secretary Scott Bessent clarified they’re still exploring budget-neutral ways to grow the Strategic Bitcoin Reserve — fulfilling Trump’s vision of making the US a “Bitcoin superpower.” 💰
📝 Current plan: build the reserve from confiscated BTC (already worth $15–20B) and stop selling holdings. Extra buys may come from gold certificate revaluation or tariff revenue — but Congress approval is needed.
⏳ Critics say five months of “exploring” looks like stalling, warning other nations could front-run the US. Still, the Treasury holds 198,012 BTC ($23.5B) and isn’t dumping anytime soon.
After spooking the market with comments that wiped $55B off BTC’s cap, US Treasury Secretary Scott Bessent clarified they’re still exploring budget-neutral ways to grow the Strategic Bitcoin Reserve — fulfilling Trump’s vision of making the US a “Bitcoin superpower.” 💰
📝 Current plan: build the reserve from confiscated BTC (already worth $15–20B) and stop selling holdings. Extra buys may come from gold certificate revaluation or tariff revenue — but Congress approval is needed.
⏳ Critics say five months of “exploring” looks like stalling, warning other nations could front-run the US. Still, the Treasury holds 198,012 BTC ($23.5B) and isn’t dumping anytime soon.
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📉 Crypto dips after US–Russia talks stall
Overnight in Alaska, US President Trump and Russian leaders failed to reach an agreement. Trump stated: “We couldn’t find full understanding. Unfortunately, there’s no deal yet.”
Markets reacted instantly:
🔻 BTC fell to $117,500 (-1.3% in 24h)
🔻 ETH dropped harder, to $4,400 (-4.5%)
Meanwhile, the Fear & Greed Index slid to 56, its lowest since August 6, signaling cooling market sentiment. 🧐
Overnight in Alaska, US President Trump and Russian leaders failed to reach an agreement. Trump stated: “We couldn’t find full understanding. Unfortunately, there’s no deal yet.”
Markets reacted instantly:
🔻 BTC fell to $117,500 (-1.3% in 24h)
🔻 ETH dropped harder, to $4,400 (-4.5%)
Meanwhile, the Fear & Greed Index slid to 56, its lowest since August 6, signaling cooling market sentiment. 🧐
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💰 Institutions keep stacking ETH
SharpLink Gaming has acquired 130,000 ETH, raising its reserves to 728,804 ETH ($3.38B). At the same time, Bitmine is also buying the dip — today adding 28,650 ETH (~$130M).
💵 In total, Bitmine now holds a massive 1.17M ETH, valued at around $5.1B.
Big players keep accumulating Ethereum despite the correction — a strong signal of long-term confidence.
SharpLink Gaming has acquired 130,000 ETH, raising its reserves to 728,804 ETH ($3.38B). At the same time, Bitmine is also buying the dip — today adding 28,650 ETH (~$130M).
💵 In total, Bitmine now holds a massive 1.17M ETH, valued at around $5.1B.
Big players keep accumulating Ethereum despite the correction — a strong signal of long-term confidence.
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🚀 Litecoin’s Charlie Lee joins MEI Pharma board
Litecoin creator Charlie Lee has entered the board of directors at MEI Pharma. 🧑💼
📈 Recently, MEI Pharma announced it had acquired 929,548 LTC worth $100M, giving the Litecoin ecosystem its first public market presence in the US — led by its own founder.
Litecoin creator Charlie Lee has entered the board of directors at MEI Pharma. 🧑💼
📈 Recently, MEI Pharma announced it had acquired 929,548 LTC worth $100M, giving the Litecoin ecosystem its first public market presence in the US — led by its own founder.
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📈 What if you DCA’d Bitcoin for 10 years?
📊 Coinbase shared an infographic showing how your portfolio would look today if you had bought $10 of BTC every day for the past decade. 💵
📊 Coinbase shared an infographic showing how your portfolio would look today if you had bought $10 of BTC every day for the past decade. 💵
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Crypto soothsayer
Monero tumbles over 10% amid 51% attack fears! 🙀 Earlier today, the Qubic mining pool — led by Sergey Ivancheglo — briefly controlled more than 52% of Monero’s hashrate (~ 3.0 GH/s), sparking alarm over a potential 51% takeover that could enable chain rewrites…
😳 After Monero, Qubic set sights on a new target — Dogecoin!
Last week, Qubic’s mining pool seized control of 51% of Monero’s hashrate, reorganizing 6 blocks. Now, following a community vote in Discord, Dogecoin (💰 $35B market cap) got 300+ votes, beating Kaspa and Zcash combined.
⚠️ Kraken has already paused Monero deposits after the attack, though trading and withdrawals remain open.
Last week, Qubic’s mining pool seized control of 51% of Monero’s hashrate, reorganizing 6 blocks. Now, following a community vote in Discord, Dogecoin (💰 $35B market cap) got 300+ votes, beating Kaspa and Zcash combined.
⚠️ Kraken has already paused Monero deposits after the attack, though trading and withdrawals remain open.
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🐂 Bitcoin hits a milestone — 1,000 days in a bull market!
Since November 2022, when BTC bottomed at $15,700, the price has been steadily climbing, marking the longest bullish streak in its history (via CryptoRank). 🚀
📉 After today’s correction, some are wondering: could this be a signal that the cycle is nearing its turning point? 🤔
Since November 2022, when BTC bottomed at $15,700, the price has been steadily climbing, marking the longest bullish streak in its history (via CryptoRank). 🚀
📉 After today’s correction, some are wondering: could this be a signal that the cycle is nearing its turning point? 🤔
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📉 Ethereum supply on exchanges just hit a 9-year low!
Meanwhile, ETH ETFs are on fire 🔥 — from Aug 11–15 they saw a record $2.85B inflow, far surpassing Bitcoin spot ETFs, which pulled in only $548M.
Looks like institutions are quietly stacking ETH while retail watches 👀
Meanwhile, ETH ETFs are on fire 🔥 — from Aug 11–15 they saw a record $2.85B inflow, far surpassing Bitcoin spot ETFs, which pulled in only $548M.
Looks like institutions are quietly stacking ETH while retail watches 👀
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