Ethereum Launches Ethena Native Stablecoin
@MegaETH launches native stablecoin USDm with @Ethena to reduce transaction costs on its network, backed initially by Ethena’s USDtb. Ethena’s governance token $ENA rises 7%. #Update #Crypto $ENA
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VIX Signals Market Storm After Fed Rate Cut
Risk assets may face increased volatility post-Fed rate cut on Sept. 17, as VIX futures indicate heightened uncertainty; potential spillover into $BTC expected. #Update #Crypto $BTC
Bitcoin CEO Denies Gold Purchase Claims
Tether CEO @PaoloArdoino denies claims of selling $BTC to purchase gold, stating they didn’t sell any bitcoin and affirming their strategy to invest in safe assets like $BTC and gold. #Update #Crypto $USDT
Bitcoin Launches Regulated Perpetuals Exchange in Europe
@Backpack Exchange launches Backpack EU, a regulated platform for crypto derivatives in Cyprus, offering over 40 trading pairs with up to 10x leverage. #Update #Crypto $BTC $ETH
DOGE Builds Higher Lows Amid Resistance
$DOGE maintained a tight trading range, with support at $0.213–$0.214 and resistance at $0.220–$0.221, as momentum faded late in the session. #Update #Crypto $DOGE
Crypto Haven Emerges as Belarus Welcomes Investment
Belarus President Aleksandr Lukashenko calls for finalizing crypto regulations to enhance oversight and protect investors, citing violations in transaction records by local platforms. #Update #Crypto $BTC
Congress Returns to Tackle Crypto Regulations
Congress is focusing on market structure legislation, with the Senate Banking Committee aiming for a Sept. 30 deadline amid other priorities; SEC and CFTC are coordinating crypto regulations. #Update #Crypto $BTC $ETH
Bitcoin Hits Record 14.3M Illiquid Supply
Bitcoin’s illiquid supply reached a record 14.3M BTC, constituting 72% of circulation, indicating strong accumulation by long-term holders despite recent price fluctuations. #Update #Crypto $BTC
SEC Meeting Sparks Chainlink Tokenization Future
Chainlink CEO @SergeyNazarov met SEC Chairman Paul Atkins, discussing on-chain asset compliance with securities laws. Nazarov anticipates significant growth in digital asset tokenization by mid-2024. #Update #Crypto $LINK
Stripe’s Tempo Blockchain Challenges Libra Legacy
@ChristianCatalini warns that @Stripe’s Tempo and @Circle’s Arc may prioritize commercial success over crypto’s decentralization ideals, potentially replicating traditional finance structures. #Update #Crypto $USDC
Stablecoin Transfers Surge to $5.8B in August
Stablecoin retail transfers hit a record $5.84B in August, with users favoring $BSC over $TRX for low fees. Ethereum’s mainnet transactions surged 81% as costs dropped. #Update #Crypto $USDT
Tokenization Boosts Liquidity Amid Major Challenges
Tokenization could transform asset management by enhancing liquidity and transparency, but faces regulatory hurdles and custody risks, according to @BankofAmerica. #Update #Crypto $BTC
Blockchain Empowers 1.7 Billion Unbanked Users
@FranklinTempleton’s first tokenized money market fund cuts transaction costs from $1 to less than a penny, showcasing blockchain’s potential for efficiency and financial inclusion. #Update #Crypto $BTC
StablecoinX Secures $530M for Ethena Treasury
Stablecoin X Assets Inc. and TLGY Acquisition Corp. secured $530M in PIPE financing, totaling $890M for their Nasdaq listing as StablecoinX under ticker “USDE.” Funds will support Ethena’s ENA treasury strategy. #Update #Crypto $ENA