Stablecoin Adoption Stalls for 90% of Institutions
A majority of financial institutions not using stablecoins plan to adopt them within 6-12 months, driven by lower costs and faster payments, as per an EY-Parthenon survey. #Update #Crypto $USDC
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A majority of financial institutions not using stablecoins plan to adopt them within 6-12 months, driven by lower costs and faster payments, as per an EY-Parthenon survey. #Update #Crypto $USDC
@SharpLink’s stock fell 2.8% to $16.32 despite a $1.5 billion buyback plan, retiring 1.93 million shares and increasing Ethereum holdings to 838,152 ETH worth $3.86 billion. #Update #Crypto $ETH
@DefianceETFs filed for Bitcoin ($BTC) and Ethereum ($ETH) market-neutral ETFs, NBIT and DETH, utilizing hedge fund arbitrage strategies to profit from price differentials. #Update #Crypto $BTC $ETH
@Bitwise filed a prospectus for a stablecoin and tokenization ETF on Sept. 16, targeting a Thanksgiving launch, aiming to capture growing institutional interest in stablecoins and asset tokenization. #Update #Crypto $USDC
@Circle has launched native $USDC and upgraded Cross-Chain Transfer Protocol (CCTP v2) on Hyperliquid, enhancing cross-chain transactions and supporting developer incentives amid growing competition from a new stablecoin. #Update #Crypto $USDC
The Ethereum Foundation has launched a $2 million security contest for its Fusaka upgrade, running from Sept. 15 to Oct. 13, with rewards for identifying vulnerabilities. #Update #Crypto $ETH
@EthenaFoundation plans to activate the ENA fee switch after meeting parameters, with USDe supply at 12.1B and a 30-day sUSDe APY of 8.54%. Vote pending Risk Committee approval. #Update #Crypto $ENA
@Ripple applies for a national trust bank charter with the OCC to support RLUSD, potentially reshaping XRP’s role as RLUSD scales to $730M supply amid evolving regulatory frameworks. #Update #Crypto $XRP
@KindlyMD’s NAKA shares plummeted 54% to $1.28 amid investor fatigue over Bitcoin treasury strategies, following plans for significant equity dilution; stock down over 90% in one month. #Update #Crypto $BTC
Ethereum’s potential to replace Wall Street’s settlement infrastructure remains undervalued, with institutional interest growing post-ETF launch, as highlighted by @SharpLink CEO Joseph Chalom. #Update #Crypto $ETH
@REX_Osprey’s Dogecoin ETF ($DOJE) and XRP ETF ($XRPR) will begin trading on Sept. 18, expanding crypto ETF options beyond Bitcoin and Ethereum. #Update #Crypto $DOGE $XRP
@Pump.fun’s PUMP token hits an all-time high as creator earnings soar to $20 million in a week, driven by the relaunch of its livestreaming feature, surpassing Rumble in concurrent streams. #Update #Crypto $SOL
The Ethereum Foundation has launched a new decentralized AI team to enhance blockchain capabilities, aiming to establish Ethereum as a financial settlement layer for autonomous agents. #Update #Crypto $ETH
Polkadot’s $DOT token fell nearly 5% despite the community approving a governance proposal capping supply at 2.1 billion DOT, aiming to reduce inflation and enhance tokenomics. #Update #Crypto $DOT