GT Token Launches Layer 2 Network Revamp
@Gate has launched Gate Layer, a Layer 2 blockchain to enhance transaction efficiency and reduce costs, with GT as the exclusive gas token; over 180M GT burned. #Update #Crypto $GT
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Bitcoin Surges as Gold Bull Takes Break
Bitcoin rises 1.7% to $113,700 as gold dips 1.5% to $3,759; year-to-date gold up 42%, Bitcoin up 22%. Both assets show long-term correlation as hedges against inflation. #Update #Crypto $BTC
Bitcoin Surges 40% as Crypto Millionaires Rise
The global population of crypto millionaires surged 40% to 241,700, driven by Bitcoin’s rise as total market cap hit $3.3 trillion. #Update #Crypto $BTC
FTT Token Surges as FTX Repays $1.6B
Sam Bankman-Fried’s recent social media post led to a 24% surge in FTX’s $FTT token, trading around $1.014, amid increased trading activity, despite backlash from the crypto community. #Update #Crypto $FTT
BNB Chain Cuts Fees Amid On-Chain Exchange Wars
BNB Chain validators propose reducing the minimum gas price to 0.05 Gwei and block intervals to 450 ms, aiming for $0.005 transaction costs amid rising trading activity on decentralized exchange Aster. $BNB #Update #Crypto
Ethereum Launches Fusaka Hard Fork in December
Ethereum developers plan to launch the Fusaka hard fork on December 3, aiming to enhance scalability; meanwhile, @Plasma’s stablecoin blockchain will debut its mainnet beta on September 25. #Update #Crypto $ETH $USDT
USDH Stablecoin Launches with $2M Trading Surge
Hyperliquid’s stablecoin $USDH launched, achieving over $2M in volume. The dollar-pegged asset aims to reduce reliance on $USDC and bolster ecosystem liquidity through reserve income sharing. #Update #Crypto $USDH
Bitcoin ETF Bearish Sentiment Persists for Two Months
@BlackRock’s Nasdaq-listed spot BTC exchange-traded fund, IBIT, shows two months of bearish sentiment as put-call skew remains positive; price trend stalls below $70. #Update #Crypto $IBIT
Ripple Launches RLUSD for BlackRock VanEck Funds
@Ripple’s RLUSD stablecoin integrates into @BlackRock and @VanEck tokenized funds via Securitize, enabling 24/7 liquidity access. RLUSD’s circulation exceeds $700M, enhancing its institutional presence. #Update #Crypto $XRP
Bitcoin Buy The Dip Calls Surge to $107K
Bitcoin’s ($BTC) drop below key support at $112,200 has led to a surge in “buy the dip” mentions, but liquidity trends indicate a potential decline to $107K. #Update #Crypto $BTC
Stablecoin Dreams Crushed by Capital Controls
Discussions on a Korean Won stablecoin are underway ahead of Korea Blockchain Week, but capital controls limit its global use; only Hong Kong’s dollar is fully convertible. #Update #Crypto $KRW
Tether Aims to Raise $20B Valuation Boost
@Tether is seeking to raise $15B-$20B for a 3% stake, aiming for a $500B valuation. USDT’s market cap is $172.8B, with $4.9B profit reported in Q2. #Update #Crypto $USDT
CFTC Approves Stablecoins for Tokenized Collateral
The U.S. Commodity Futures Trading Commission, led by acting chief Caroline Pham, is seeking industry input on using stablecoins as tokenized collateral in derivatives markets until October 20. #Update #Crypto $USDC
Bitcoin Launches Brazil’s Largest Public Treasury Firm
@OranjeBTC is set to go public on Brazil’s B3 exchange in early October with $400M in BTC reserves, making it Brazil’s largest bitcoin treasury firm. #Update #Crypto $BTC