⚡️ Tether goes US-native
💵 Tether is launching USAT, a new USD-backed stablecoin designed to meet U.S. legal requirements under the GENIUS Act.
👤 Leading the project — Bo Hines, former executive director of Trump’s Digital Asset Advisory Council.
A clear step for Tether to secure ground in the American market and align with upcoming regulations. 🇺🇸📝
💵 Tether is launching USAT, a new USD-backed stablecoin designed to meet U.S. legal requirements under the GENIUS Act.
👤 Leading the project — Bo Hines, former executive director of Trump’s Digital Asset Advisory Council.
A clear step for Tether to secure ground in the American market and align with upcoming regulations. 🇺🇸📝
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Crypto exchange Gemini raised $425M in its IPO at a $3.33B valuation 💰
▪️ Shares sold at $28 each, above the expected range, with demand 20x higher than supply.
▪️▪️ Trading began Sept 12 on Nasdaq under ticker GEMI, with Nasdaq itself investing $50M.
▪️ Founded by the Winklevoss twins, Gemini is based in New York.
👀in August, the twins donated 188 BTC (~$21M) to Trump’s Digital Freedom Fund.
▪️ Shares sold at $28 each, above the expected range, with demand 20x higher than supply.
▪️▪️ Trading began Sept 12 on Nasdaq under ticker GEMI, with Nasdaq itself investing $50M.
▪️ Founded by the Winklevoss twins, Gemini is based in New York.
👀in August, the twins donated 188 BTC (~$21M) to Trump’s Digital Freedom Fund.
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BTC-backed stablecoin YU depegs after exploit 🧑💻
Project Yala’s stablecoin YU, backed by BTC, lost its dollar peg yesterday — dropping as low as $0.2046 after a protocol attack. 🙀
According to Lookonchain:
🔸The attacker minted 120M YU on Polygon.
🔸Swapped part of it for 7.7M USDC, converted into 1,501 ETH, and spread funds across wallets.
🔸Still holds over 112M YU across networks.
📉 Market cap of YU is still above $100M, but trust in its peg just got wrecked. 🤷
Project Yala’s stablecoin YU, backed by BTC, lost its dollar peg yesterday — dropping as low as $0.2046 after a protocol attack. 🙀
According to Lookonchain:
🔸The attacker minted 120M YU on Polygon.
🔸Swapped part of it for 7.7M USDC, converted into 1,501 ETH, and spread funds across wallets.
🔸Still holds over 112M YU across networks.
📉 Market cap of YU is still above $100M, but trust in its peg just got wrecked. 🤷
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💎 BitMine doubles down on Ethereum
BitMine Immersion Technologies (BMNR) announced its reserves passed 2.15M ETH, making it the largest public holder of Ethereum. Total assets, including crypto, cash, and VC stakes, now stand at $10.8B. 💰
📊 Reserves include:
▪️2.15M ETH
▪️192 BTC
▪️$569M in cash
Chairman Tom Lee calls ETH a “macro investment for the next 10–15 years,” betting on a supercycle fueled by Wall Street + AI adoption. 💲🤖
Despite BMNR shares being -50% from July highs, they’re still up nearly 10x since pivoting to crypto — with $2B+ daily volume, making BMNR one of the most traded U.S. stocks. 📊
BitMine Immersion Technologies (BMNR) announced its reserves passed 2.15M ETH, making it the largest public holder of Ethereum. Total assets, including crypto, cash, and VC stakes, now stand at $10.8B. 💰
📊 Reserves include:
▪️2.15M ETH
▪️192 BTC
▪️$569M in cash
Chairman Tom Lee calls ETH a “macro investment for the next 10–15 years,” betting on a supercycle fueled by Wall Street + AI adoption. 💲🤖
Despite BMNR shares being -50% from July highs, they’re still up nearly 10x since pivoting to crypto — with $2B+ daily volume, making BMNR one of the most traded U.S. stocks. 📊
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Crypto soothsayer
🚀 Why is Solana pumping? Just like with BTC, the engine is institutional demand. Two new giants have entered the SOL treasury game: 🔸Forward Industries grabbed 4.72M SOL (over $1B) 🔸 Galaxy Digital scooped up 6.5M SOL (1.5B!) No wonder SOL keeps flying…
🚀 $500M bet on Solana
Helius Medical Technologies (HSDT), a former medtech firm, raised $500M in a private placement to buy Solana (SOL) — with options that could boost the raise to $1.25B. Funds will go into spot purchases, staking, and DeFi in the Solana ecosystem.
🔥 News sent HSDT stock up +500% intraday.
Investors include Pantera, Animoca, Galaxy Digital, Arrington, HashKey, and others. Pantera’s Dan Morehead called Solana “the blockchain of the next financial generation.” 💰🔗
📅 Deal closes Sept 18 — Helius officially pivots from medtech to crypto.
Helius Medical Technologies (HSDT), a former medtech firm, raised $500M in a private placement to buy Solana (SOL) — with options that could boost the raise to $1.25B. Funds will go into spot purchases, staking, and DeFi in the Solana ecosystem.
🔥 News sent HSDT stock up +500% intraday.
Investors include Pantera, Animoca, Galaxy Digital, Arrington, HashKey, and others. Pantera’s Dan Morehead called Solana “the blockchain of the next financial generation.” 💰🔗
📅 Deal closes Sept 18 — Helius officially pivots from medtech to crypto.
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🔥 Michael Saylor keeps stacking
Strategy just bought 525 BTC for ~$60.2M at an average price of $114,562.
Now the company holds a massive 638,985 BTC worth ~$73.5B. 💰
Saylor clearly isn’t done with his Bitcoin shopping spree 🛒💎
Strategy just bought 525 BTC for ~$60.2M at an average price of $114,562.
Now the company holds a massive 638,985 BTC worth ~$73.5B. 💰
Saylor clearly isn’t done with his Bitcoin shopping spree 🛒💎
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📊 Bitcoin ETFs are on a feeding frenzy — in just 5 trading days they swallowed the equivalent of 9 days’ worth of new BTC supply!
That means ETFs alone are creating nearly 2x more demand than miners can possibly provide (and miners don’t even sell everything they mine). 🔨
Simple math: when demand crushes supply, prices usually only have one way to go… 🔼
That means ETFs alone are creating nearly 2x more demand than miners can possibly provide (and miners don’t even sell everything they mine). 🔨
Simple math: when demand crushes supply, prices usually only have one way to go… 🔼
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Bitcoin getting scarce again - CryptoQuant reports that on Binance, demand for BTC just outpaced supply for the first time since June 🤔
📊 Bitcoin Scarcity Index spiked, likely thanks to whales & institutions stacking sats, fewer sell orders, and heavy BTC withdrawals from the exchange.
Last time this happened, BTC ripped past $124K… 👀🚀
📊 Bitcoin Scarcity Index spiked, likely thanks to whales & institutions stacking sats, fewer sell orders, and heavy BTC withdrawals from the exchange.
Last time this happened, BTC ripped past $124K… 👀🚀
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Bitmine now holds 2.15M ETH ($10.8B), making it the largest public holder of Ethereum 🔥
For comparison — they only keep 192 BTC (~$22M) on the side, basically pocket change.
👀 With Bitmine stacking and all ETH treasures + ETFs already locking up nearly 10% of all supply, no wonder Tom Lee keeps calling Ethereum the “macro bet of the decade.” 📈
For comparison — they only keep 192 BTC (~$22M) on the side, basically pocket change.
👀 With Bitmine stacking and all ETH treasures + ETFs already locking up nearly 10% of all supply, no wonder Tom Lee keeps calling Ethereum the “macro bet of the decade.” 📈
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🕰 Another Bitcoin time capsule just cracked open
An old wallet holding 1,000 BTC untouched since January 2014 suddenly moved its coins — worth nearly $116M today. 🙀
Back then, the coins landed when BTC was ~$840, meaning the stash has grown 130x in value. 🚀
Fun fact: the holder actually sat at a loss for almost two years, even seeing the bag drop 4x before BTC recovered.
On Sept 17, all 1,000 BTC were split into 3 new wallets. Identity of the owner? Still a mystery. 🥷
Lately, we’re seeing more and more “sleeping giant” wallets wake up — early hodlers finally cashing in their patience. 💤➡️💰
An old wallet holding 1,000 BTC untouched since January 2014 suddenly moved its coins — worth nearly $116M today. 🙀
Back then, the coins landed when BTC was ~$840, meaning the stash has grown 130x in value. 🚀
Fun fact: the holder actually sat at a loss for almost two years, even seeing the bag drop 4x before BTC recovered.
On Sept 17, all 1,000 BTC were split into 3 new wallets. Identity of the owner? Still a mystery. 🥷
Lately, we’re seeing more and more “sleeping giant” wallets wake up — early hodlers finally cashing in their patience. 💤➡️💰
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🤔 Is CZ making a comeback at Binance?
Changpeng Zhao just tweaked his X bio — from ex-@binance back to plain @binance.
🔥 This comes right after reports that Binance may soon escape DOJ oversight (the compliance monitor imposed in 2023 as part of a $4.3B settlement).
U.S. prosecutors are now in talks to scale back or even remove the monitor.
So… was it ever really “ex”? 👀
Changpeng Zhao just tweaked his X bio — from ex-@binance back to plain @binance.
🔥 This comes right after reports that Binance may soon escape DOJ oversight (the compliance monitor imposed in 2023 as part of a $4.3B settlement).
U.S. prosecutors are now in talks to scale back or even remove the monitor.
So… was it ever really “ex”? 👀
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Coinbase’s $400M hack just got a wild plot twist
According to a new report, the data leak wasn’t just some faceless cyberattack — it started with a TaskUs support worker in India, Ashita Mishra, who literally photographed Coinbase users’ data (SSNs, bank details, docs) and sold them for $200 a pop. 🤳
She allegedly snapped up to 200 pics a day from Sept 2024–Jan 2025, roped in colleagues (including team leads), and fueled a black market where scammers targeted 69,000+ Coinbase users. 📸
Victims report getting calls from “Coinbase security” convincing them to move crypto to fake “safe wallets” — with scammers bragging about raking in $7M daily. 🙀💰
Coinbase originally said the breach was in Dec 2024, but court docs suggest it began months earlier. TaskUs even hinted that Coinbase employees themselves might have been involved.
👉 Moral of the story: if your exchange support staff is armed with a smartphone, your KYC might already be on sale. 👀
According to a new report, the data leak wasn’t just some faceless cyberattack — it started with a TaskUs support worker in India, Ashita Mishra, who literally photographed Coinbase users’ data (SSNs, bank details, docs) and sold them for $200 a pop. 🤳
She allegedly snapped up to 200 pics a day from Sept 2024–Jan 2025, roped in colleagues (including team leads), and fueled a black market where scammers targeted 69,000+ Coinbase users. 📸
Victims report getting calls from “Coinbase security” convincing them to move crypto to fake “safe wallets” — with scammers bragging about raking in $7M daily. 🙀💰
Coinbase originally said the breach was in Dec 2024, but court docs suggest it began months earlier. TaskUs even hinted that Coinbase employees themselves might have been involved.
👉 Moral of the story: if your exchange support staff is armed with a smartphone, your KYC might already be on sale. 👀
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🥖🇩🇪 A bakery in Germany just started accepting Bitcoin — and crypto Twitter is loving it 🫶
One top comment: “This bakery now holds more BTC than the German government — who panic-sold theirs at half the current price.” 😅
From bread rolls to blockchain flexes — guess who’s really baking gains now?
One top comment: “This bakery now holds more BTC than the German government — who panic-sold theirs at half the current price.” 😅
From bread rolls to blockchain flexes — guess who’s really baking gains now?
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🗄 Tokenization of real-world assets (RWA) is heating up 🚀
Bitwise says stocks, bonds, and real estate are rapidly moving on-chain — with Ethereum leading the pack at 55%.
Even if just 1–5% of the $257T global market gets tokenized, we’re talking trillions flowing into crypto. 🤔
Basically, Wall Street is about to learn what “number go up” really means. 📈
Bitwise says stocks, bonds, and real estate are rapidly moving on-chain — with Ethereum leading the pack at 55%.
Even if just 1–5% of the $257T global market gets tokenized, we’re talking trillions flowing into crypto. 🤔
Basically, Wall Street is about to learn what “number go up” really means. 📈
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🤯 Crypto Alert: $9B in Stablecoins Moved to Exchanges
Over the past 1.5 days, $9,000,000,000 in stablecoins flowed to exchanges — likely prepping for the Fed’s interest rate decision tonight.
Markets are expecting a 25bps cut, but the real question is whether this new rate is already priced in. 🤔
Stay tuned — volatility could spike. 🎢
Over the past 1.5 days, $9,000,000,000 in stablecoins flowed to exchanges — likely prepping for the Fed’s interest rate decision tonight.
Markets are expecting a 25bps cut, but the real question is whether this new rate is already priced in. 🤔
Stay tuned — volatility could spike. 🎢
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💰 1 in 4 Bitcoin-Holding Companies Trades Below Its Reserves 🙀
🔎 K33 analysts report that about 25% of public Bitcoin companies are trading at a discount to their crypto reserves, limiting capital raises via stock issuance.
Highlights:
▪️NAKA (KindlyMD + Nakamoto) down 96% since peak, mNAV 0.7
▪️Twenty One (backed by Tether) mNAV <1
▪️MicroStrategy mNAV 1.26 (lowest since Mar 2024)
Average mNAV across all public BTC companies fell 3.76 → 2.8. Smaller firms often trade below reserve value, while giants still carry a premium. 🧐
📉 Daily BTC purchases by public companies are at 1428 BTC/day, the lowest since May. Total corporate reserves exceed 1M BTC.
🕵️♂️ Analysts say retail investors and BTC ETFs are now increasingly driving demand.
🔎 K33 analysts report that about 25% of public Bitcoin companies are trading at a discount to their crypto reserves, limiting capital raises via stock issuance.
Highlights:
▪️NAKA (KindlyMD + Nakamoto) down 96% since peak, mNAV 0.7
▪️Twenty One (backed by Tether) mNAV <1
▪️MicroStrategy mNAV 1.26 (lowest since Mar 2024)
Average mNAV across all public BTC companies fell 3.76 → 2.8. Smaller firms often trade below reserve value, while giants still carry a premium. 🧐
📉 Daily BTC purchases by public companies are at 1428 BTC/day, the lowest since May. Total corporate reserves exceed 1M BTC.
🕵️♂️ Analysts say retail investors and BTC ETFs are now increasingly driving demand.
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🤔 FOMC Decision in 2 Hours
🔎 CryptoQuant notes 9 straight days of BTC outflows from Binance — a clear sign that whales are positioning ahead of the Fed’s rate decision.
Markets largely expect a rate cut, and Bitcoin seems to have priced it in already: the price jumped from $108K → $115K on growing expectations. 👀 📈📉
🔎 CryptoQuant notes 9 straight days of BTC outflows from Binance — a clear sign that whales are positioning ahead of the Fed’s rate decision.
Markets largely expect a rate cut, and Bitcoin seems to have priced it in already: the price jumped from $108K → $115K on growing expectations. 👀 📈📉
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🚀 SEC Greenlights Faster Crypto ETF Approvals
The SEC has approved generic listing standards that streamline the process for spot crypto ETFs, cutting approval times from months to weeks.
Exchanges like Nasdaq, NYSE Arca, and Cboe BZX can now list products without each application being reviewed individually.
✅ Chair Paul Atkins: move reduces barriers & boosts investor choice
📈 Bloomberg’s James Seyffart calls it “the crypto ETP framework we’ve been waiting for”
💰 Upcoming ETFs could include SOL, XRP, LTC, DOGE, AVAX, LINK, DOT, BNB
⚠️ Commissioner Crenshaw warned of investor risks, saying this could flood the market with under-vetted products.
The SEC has approved generic listing standards that streamline the process for spot crypto ETFs, cutting approval times from months to weeks.
Exchanges like Nasdaq, NYSE Arca, and Cboe BZX can now list products without each application being reviewed individually.
✅ Chair Paul Atkins: move reduces barriers & boosts investor choice
📈 Bloomberg’s James Seyffart calls it “the crypto ETP framework we’ve been waiting for”
💰 Upcoming ETFs could include SOL, XRP, LTC, DOGE, AVAX, LINK, DOT, BNB
⚠️ Commissioner Crenshaw warned of investor risks, saying this could flood the market with under-vetted products.
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