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Crypto Trends

PayPal partners with Spark to expand PYUSD liquidity in DeFi

by admin September 25, 2025

PayPal has partnered with decentralized finance (DeFi) protocol Spark to expand liquidity for its US dollar stablecoin, PayPal USD (PYUSD).

PayPal’s stablecoin has attracted more than $135 million in deposits since its August listing on SparkLend, a lending market focused on stablecoins, according to a Thursday statement.

SparkLend was launched in 2023 out of the MakerDAO ecosystem and later integrated into Maker’s successor entity, Sky. It runs the Spark Liquidity Layer, which is backed by more than $8 billion in stablecoin reserves, according to the protocol.

Staked stablecoins on Sparklend protocol. Source: DeFiLlama

Sam MacPherson, co-founder and CEO of Phoenix Labs, a core contributor to Spark, told Cointelegraph that PayPal chose Spark because it “is the only at-scale DeFi protocol that can actively deploy capital into other protocols.” He added:

“DeFi will be the rails for all finance in the future, so focusing on that makes a lot of sense as there is massive growth potential.”

Spark is a non-custodial lending protocol where users deposit stablecoins into Spark Savings and receive non-rebasing yield tokens. According to Messari, these tokens maintain a fixed balance but grow in value over time, with yields set by Sky governance and funded through protocol revenues.

PYUSD was added to SparkLend after passing the protocol’s risk assessments.

Related: Aave, Sky float partnership to bridge DeFi, TradFi

Stablecoin market nears $300 billion

With Europe’s Markets in Crypto-Assets Regulation (MiCA) taking effect in January and US passage of stablecoin regulation with the Genius Act in July, the stablecoin market has been surging.

DefiLlama data shows the stablecoin market capitalization is nearing $300 billion, up over $90 billion since the start of the year.

Total Stablecoins Market Cap. Source: DefiLlama

Overall stablecoin growth has been matched by rising demand for yield-bearing stablecoins. Ethena’s USDe and Sky’s USDS have seen strong momentum, with USDe’s supply growing 70% and USDS expanding by 23% since July 18, when the Genius Act was signed into law.

In August, Coinbase revived its Stablecoin Bootstrap Fund to inject liquidity for USDC across DeFi platforms, including Aave and Morpho — though the exchange did not disclose the size of the fund.

A Binance Research report shared with Cointelegraph in September noted that as stablecoin adoption accelerates, “DeFi lending protocols are increasingly positioned to facilitate institutional participation.”

DeFi lending markets expanded by more than 70% year to date in September, with institutional demand cited as a key driver.

DeFi lending protocols, TVL, year-to-date chart. Source: Binance Research

The shift toward stablecoins that generate yield has been described as “stablecoin 2.0.” While “first-generation” tokens like Tether’s USDt (USDT) focused on digitizing the US dollar and putting it onchain, a “second generation” of stablecoins is seeking to create new utility by generating yield alongside liquidity.

Magazine: How Ethereum treasury companies could spark ‘DeFi Summer 2.0’

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September 25, 2025 0 comments

Crypto Trends

SharpLink Teams with Superstate to Launch Tokenized SBET Stock

by admin September 25, 2025

SharpLink Gaming has announced plans to tokenize its U.S. Securities and Exchange Commission (SEC)-registered common stock on the Ethereum blockchain. The company, one of the world’s largest corporate holders of Ether (ETH), will partner with financial technology firm Superstate through its Opening Bell platform.

As per the announcement, the partnership will allow SharpLink shareholders to hold $SBET shares natively on Ethereum. Besides, it prepares for future trading of tokenized equities on Automated Market Makers (AMMs) and other decentralized finance (DeFi) protocols.

“Tokenizing SharpLink’s equity directly on Ethereum is far more than a technological achievement,” said SharpLink Co-CEO Joseph Chalom. “We are embarking on entirely new frontiers for how compliant, tokenized public equities could one day trade seamlessly through AMMs.”

In its post, the company highlighted, saying, “SharpLink will become the first public company to do so.” The partnership aims to explore how tokenized public equities could eventually trade on Automated Market Makers (AMMs) and other DeFi protocols in a compliant manner.

NEW: SharpLink is partnering with Superstate to issue tokenized $SBET shares directly on the Ethereum blockchain.

SharpLink will become the first public company to do so.

Together, we’ll work to advance how tokenized public equities can one day trade on Automated Market Makers… pic.twitter.com/gZS7w68VKf

— SharpLink (SBET) (@SharpLinkGaming) September 25, 2025

The company added, “SharpLink has always been Ethereum-aligned. This step reinforces our mission to advance the Ethereum ecosystem and modernize capital markets.”

Driving ETH-aligned innovation

Additionally, SharpLink’s Chairman Joseph Lubin, who is also the Co-Founder of Ethereum and CEO of Consensys, emphasized the company’s mission. “We’re proud to have been the first public company to become a Digital Asset Treasury company on Ethereum,” Lubin stated.

He added that the update supports SharpLink’s belief that Ethereum will serve as the foundation for the next generation of financial infrastructure.

Superstate CEO Robert Leshner praised the collaboration, calling it a landmark for Ethereum-based tokenization. Launched in 2025, Superstate’s Opening Bell platform helps companies turn their stocks into digital tokens. It keeps everything fully legal while letting investors safely hold shares on the blockchain and use them with DeFi apps.

Expanding ETH treasury holdings

SharpLink has aggressively expanded its ETH holdings since launching its treasury strategy in June 2025. Consequently, the company now owns over 838,000 ETH and has earned 3,815 ETH in staking rewards as of late September. This positions SharpLink among the largest corporate Ethereum holders worldwide.

SharpLink’s stock reacted with a 3.35% rise to $17.58 during normal trading but slipped to $16.21 pre-market, down 7.79%, according to Yahoo Finance.

SharpLink putting its shares on Ethereum shows a blend of traditional finance and crypto. It marks Ethereum’s rise and could make trading stocks faster, simpler, and fully legal for investors.

Also Read: Fusaka’s PeerDAS is Key to Ethereum Scaling: Vitalik Buterin

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September 25, 2025 0 comments

Crypto Trends

SHIB Price Prediction for September 25

by admin September 25, 2025

Most of the coins remain under bears’ pressure, according to CoinMarketCap.

Top coins by CoinMarketCap

SHIB/USD

The price of SHIB has declined by 3.17% over the past day.

Image by TradingView

On the hourly chart, the rate of SHIB is near the local support of $0.00001183. If its breakout occurs, the decline may lead to the test of the $0.00001170$-$0.00001180 range soon.

Image by TradingView

On the longer time frame, the situation is also rather more bearish than bullish.

Stablecoin-Focused Plasma’s XPL Token Debuts With $2.4B Market Cap

by admin September 25, 2025

The stablecoin-focused Plasma blockchain’s native token, XPL, debuted on major exchanges, including Binance and OKX, on Thursday.

The token drew a price of up to $1.54 in early trading, resulting in a market capitalization of over $2.8 billion. The plasma token has a genesis supply of 10 billion, of which 18% or 1.8 billion is now in circulation.

The Plasma network also debuted with over $2 billion in stablecoin total value locked and an EVM-compatible design.

Use case

XPR serves as the gas token for transactions and smart contract execution, as well as the staking asset that secures the network, and finally, as the reward token for validators.

Plasma allows gasless transfer of stablecoins for end-users. In other words, it allows zero-fee transfers only for simple USDT sends and receives.

However, more complex transactions, such as deploying contracts or decentralized applications, require XPL to be paid as gas, or a portion of stablecoins to be converted to XPL as fees, according to Delphi Digital’s explainer.

Early this week, Plasma launched Plasma One, a stablecoin-native neobank with the aim of providing users with permissionless access to spending, earning, and saving digital dollars.

Tokenomics

XPL is the native token of the Plasma blockchain, analogous to ETH on Ethereum and SOL on Solana. XPL serves as the gas token for transactions & smart contract execution, the staking asset securing the network, and the reward token for validators.

The XPL token has a fixed total supply of 10 billion tokens. Of this, 40%—equaling 4 billion tokens—is allocated for ecosystem and growth initiatives. At launch, 8% of the total supply (800 million tokens) will be unlocked from this ecosystem allocation to support initial activities such as liquidity provision and partnerships.

The remaining 3.2 billion ecosystem tokens will be gradually unlocked monthly over a three-year period to ensure steady liquidity and ongoing development.

Furthermore, 25% of the supply (2.5 billion tokens) is allocated to founders, developers, and employees, who face a one-year cliff preceding vesting, followed by linear vesting over the next two years. Another 25% (2.5 billion tokens) have been allocated to early backers and strategic partners, with the same vesting terms as the team: a one-year cliff followed by two years of linear vesting.

The token follows an inflationary model, with Validator rewards initially starting at a 5% inflation rate, which will decrease each year until it stabilizes at 3%.

Read more: Peter Thiel-Backed Plasma Unveils ‘HotStuff-Inspired Consensus’ For High-Frequency Global Stablecoin Transfers

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September 25, 2025 0 comments

Crypto Trends

Is ASTER The Next Big Thing? Exploring The Crypto’s 2,000% Surge And Binance Ties

by admin September 25, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Aster (ASTER), a newly launched multi-chain decentralized exchange (DEX), is making headlines in the cryptocurrency market, having achieved a major 2,182% increase since its debut, and boasting a market capitalization of approximately $3.7 billion, according to CoinGecko data.

Inside Aster’s Ecosystem

What has significantly contributed to ASTER’s rise is the platform’s approach to bridging decentralized finance (DeFi) with traditional trading practices. The platform offers a non-custodial trading experience, allowing users to engage in both perpetual and spot trading while earning yield on their collateral.

This dual capability positions it as a unique decentralized exchange (DEX), particularly given its offering of 24/7 stock perpetuals that include major equities, while operating across several networks, including the BNB Chain, Ethereum (ETH), Solana (SOL), and Arbitrum (ARB).

The ASTER token, which governs the platform, incentivizes participation, and distributes trading fees, include mechanisms like Rh Points, which are earned through trading volume and determine airdrop allocations, and Au Points, generated by holding yield-bearing assets.

Binance Co-Founders Behind It

Aster’s development is closely linked to YZi Labs, the rebranded venture arm of Binance Labs. The backing of Binance co-founders Changpeng Zhao (CZ) and Yi He, has significantly propelled the token’s adoption.

A pivotal moment in the cryptocurrency’s trajectory occurred when CZ publicly endorsed the project on social media, commending its progress and encouraging continued development.

The community’s enthusiasm was further amplified by the significant investment from popular YouTuber MrBeast (Jimmy Donaldson), who reportedly purchased $114,000 worth of the cryptocurrency, driving the price to new heights.

The token’s credibility received an additional boost when Bybit became the first centralized exchange to list it, signaling institutional confidence and enhancing liquidity for traders.

Looking ahead, the new platform has ambitious plans to launch “Aster Chain,” a Layer 1 blockchain tailored for high-performance, privacy-focused derivatives trading. This upcoming development will incorporate zero-knowledge proof technology, ensuring anonymized trades.

The 1-hour chart shows the token’s continuous surge. Source: ASTERUSDT on TradingView.com

At the time of writing, ASTER is trading at $2.27, which is just 5% below its record high of $2.41 reached earlier on Wednesday.

Featured image from DALL-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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September 25, 2025 0 comments

Crypto Trends

South Korea’s Naver Financial ‘Discussing’ Upbit Stock Swap, Eyeing Stablecoin Market

by admin September 25, 2025

In brief

South Korean internet giant Naver is in talks over a share swap with Upbit operator Dunamu.
Naver’s filing confirmed talks on a share exchange and stablecoin projects were taking place, but said no terms are finalized.
The move builds on a July KRW stablecoin plan with Dunamu, ahead of new legislation expected in October.

South Korean internet giant Naver Corporation is in talks with crypto exchange Upbit operator Dunamu over a possible share swap that could bring the country’s largest exchange under the Naver group.

Naver shares rose as much as 11.4% on Thursday, per Google Finance data, after local outlet Chosun reported the companies had agreed to a comprehensive stock swap.

The report described a deal that would make Dunamu a subsidiary of Naver Financial, the group’s fintech arm, giving the tech giant direct control of Upbit and positioning it for a deeper move into crypto markets.

Naver filed a disclosure with the Korea Exchange addressing reports that it had agreed to a share swap with Dunamu, operator of Upbit. In the filing, Naver stated that it is “discussing various forms of cooperation with Dunamu, including the possibility of a share exchange as well as projects involving “stablecoins and unlisted stock trading.”

No additional details or methods have been finalized, but Naver has committed to re-disclose within a month or once specific terms are confirmed. In a statement shared with Decrypt, a Dunamu spokesperson said that, “Beyond discussions on stablecoins and unlisted stock trading platform, Dunamu and Naver Pay are exploring a range of additional collaborations,” adding that, “No further details or specific agreements have been finalized at this time.”

Naver and Dunamu

The talks build on a partnership announced in July when Naver Pay and Dunamu revealed plans for a KRW stablecoin.

That project positioned Naver as lead issuer with Dunamu in a supporting role, marking one of the first attempts to create a large-scale won-backed token ahead of new legislation. Earlier this month, Dunamu unveiled that it had been working on a custom Ethereum layer-2 blockchain called “GIWA” designed to open up new infrastructure for stablecoins and payments.

South Korean lawmakers are expected to table a stablecoin bill in October that would clarify issuer requirements, reserve rules, and audit standards. Major stablecoin players Tether and Circle have taken meetings with top executives from the country’s financial groups as early as August.

If the deal is completed, Naver would be the first major South Korean platform to fully integrate an exchange into its financial ecosystem. The company already dominates search, messaging, and payments in South Korea, and adding Upbit could accelerate cross-selling of its financial verticals, stablecoin adoption, and new trading products.

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September 25, 2025 0 comments

Crypto Trends

BNB price dips below $1K after ATH, risks deeper correction

by admin September 25, 2025

BNB price has fallen back under $1,000 after hitting a record high, with cooling volumes and overheated trading leaving the token exposed to further correction.

Summary

BNB fell 7.8% from its $1,079 peak, now under $1,000 with weaker volume.
CryptoQuant analyst Darkfost sees strong growth but warns of overheated trading.
Technical analysis shows mixed signals, with short-term risk unfolding but long-term trend still bullish.

BNB was trading at $991 at the time of writing, down 2.6% over the previous day. Although the token is still 17% higher over the last 30 days, the move is a 7.8% retracement from its peak of $1,083 on Sept. 3.

Binance Coin’s (BNB) 24-hour trading volume came in at $2.40 billion, a 17% decline from the previous day, reflecting cooling spot activity. Derivatives markets are also cooling, as per CoinGlass data, with open interest falling 4% to $1.86 billion and futures volume down 24.7% to $2.85 billion.

This suggests less speculative leverage, which is often an indication of declining short-term momentum.

BNB rally meets resistance

BNB has been one of the standout performers this cycle, outpacing most major altcoins. According to a Sept. 25 analysis by CryptoQuant contributor Darkfost, the token’s breakout above its former peak of $793 in August marked a decisive shift, putting it into price discovery. The subsequent rally pushed BNB past $1,000 and to a new record at $1,083, a year-to-date gain of more than 50%.

This strength, according to Darkfost, contrasts with the altcoin market as a whole, which has had difficulty regaining traction. The analyst also noted that a major driver of demand and market confidence is the expanding relationship between Binance and Aster (ASTER), a new perpetual decentralized exchange supported by CZ.

At the same time, Darkfost cautioned that spot volume data indicates overheated conditions. FOMO-driven trades, which often leave rallies vulnerable, have had a significant impact on the recent buying wave. The same momentum that drove the price higher can swiftly reverse when liquidity slows, leaving the market vulnerable to steep declines.

BNB price technical analysis

BNB is currently testing the lower band support around $980 after breaking below its middle Bollinger Band at $1,010. At 38, the relative strength index is in neutral-to-oversold territory, indicating that bearish pressure is increasing but has not yet reached its peak.

BNB daily chart. Credit: crypto.news

Key moving averages present a mixed picture. Medium- and long-term MAs are still firmly bullish, while the short-term MAs are flashing sell signals. A cooling short-term trend within a broader uptrend is indicated by this divergence.

A deeper correction might aim for the $950–$935 range, with $980 providing immediate support. If buyers defend $980 and reclaim $1,010, momentum could recover toward $1,050.

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September 25, 2025 0 comments

Crypto Trends

M2 Capital Invests $20M in Ethena to Expand Digital Assets in Middle East

by admin September 25, 2025

M2 Capital Limited, the investment arm of UAE-based M2 Holdings, has invested $20 million in Ethena’s governance token, ENA. The move underscores a push to connect Middle Eastern investors with new digital asset infrastructure at a time when the region is seeking a larger role in global finance.

Ethena is best known for its crypto-native synthetic dollar, USDe, and its reward-bearing version, sUSDe. Both are backed by crypto collateral and maintained through hedging strategies designed to reduce volatility.

The protocol has attracted more than $14 billion in deposits since launching in 2024, reflecting appetite for stablecoin-like products that also generate yield.

M2 Global Wealth, an affiliate of M2 Holdings, will integrate Ethena into its wealth management offerings. The group says this adds a regulated way for clients to access returns from emerging digital assets. Kim Wong, M2’s head of treasury, said the deal sets a new standard for trust and security in the region’s market.

The investment follows M2’s participation in a funding initiative for the Sui blockchain ecosystem earlier this year. It also comes as the UAE continues to strengthen its regulatory framework to attract crypto firms and investors.

By aligning with Ethena, M2 aims to offer custody, yield, and liquidity services while accelerating adoption of new digital finance tools in the Middle East.

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September 25, 2025 0 comments

Crypto Trends

UniCredit, ING Among 9 Banks Launching Euro Stablecoin

by admin September 25, 2025

A group of major European banks have joined forces to launch a euro-pegged stablecoin in compliance with Europe’s Markets in Crypto-Assets (MiCA) framework.

Dutch lender ING and Italy’s UniCredit are among nine banks participating in the development of a new euro-denominated stablecoin, according to a joint statement published by ING on Thursday.

Built in compliance with Europe’s MiCA regulation, the stablecoin is planned to be issued in the second half of 2026, with a mission to become a trusted European payment standard in the digital ecosystem.

The announcement notes that the initiative aligns with Europe’s plans to provide a local alternative to the US-dominated stablecoin market, contributing to its strategic autonomy in payments.

Banks from eight EU member states initially involved

Alongside ING and UniCredit, the European stablecoin initiative also includes Spain’s CaixaBank, Denmark’s Danske Bank, Austria’s Raiffeisen Bank International, Belgium’s KBC, Sweden’s SEB, Germany’s DekaBank and another Italian lender, Banca Sella.

The founding members have also established a new company headquartered in the Netherlands, ING’s home country, to oversee the development and management of the stablecoin.

The banking consortium said in the joint announcement that it remains open to other banks joining the stablecoin project.

24/7 access to cross-border payments

According to the statement by ING, the projected euro stablecoin is expected to provide “near-instant, low-cost payments and settlements,” enabling 24/7 access to cross-border payments.

The stablecoin is also set to offer programmable payments and improvements to supply chain management and digital asset settlements, which can vary from securities to cryptocurrencies.

“Digital payments are key for new euro-denominated payments and financial market infrastructure,” said Floris Lugt, ING’s digital asset lead and joint public representative for the project.

“We believe this development requires an industry-wide approach, and it’s imperative that banks adopt the same standards,” he added.

Magazine: 7 reasons why Bitcoin mining is a terrible business idea

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September 25, 2025 0 comments

Crypto Trends

Solana (SOL) Tumbling to $200 and Not Stopping: Price Scenario

by admin September 25, 2025

Solana gets blocked
Risks of losing $200

With its price dropping sharply from recent highs and currently trading just above $210, Solana has entered a decisive correction phase. Selling pressure increased as a result of the token’s sharp decline signals, with $200 emerging as the next crucial test. The market is bracing for further losses because of the speed of this decline, which increases the likelihood that $200 will not hold for long.

Solana gets blocked

Technically, the final immediate support is the 50-day EMA at $206 on the market. The decline may pick up speed toward the 100-day EMA around $193 if Solana does not stabilize here. This level is a more robust support level if bears maintain control because it corresponds with a wider retracement zone. If SOL makes a clear break below $193, it could be subject to a lengthy correction, with a potential decline to the $180 region.

SOL/USDT Chart by TradingView

Market sentiment is mixed, as seen by the volume profile. Despite dominating previous sessions, selling activity has not yet reached levels of capitulation. Volumes instead imply a steady distribution, which implies that bears retain control without resorting to excessive force. This sets up a situation in which additional selling might gradually weaken support levels, instead of causing a single spectacular collapse.

Risks of losing $200

Weakening conditions are also confirmed by momentum indicators. After dropping from early September’s overbought levels, the Relative Strength Index (RSI) is now closer to neutral, indicating waning bullish strength and potential for further decline.

Simply put, Solana’s price action indicates that there is a significant risk to the $200 mark. Bearish conditions that aim for the 100 EMA at $193 are very likely if the token closes below its 50 EMA. To turn the tide back in their favor, bulls must reclaim $221, the most recent breakdown point. The prevailing outlook was bearish until that time. In the absence of a robust recovery from the current levels, Solana’s rally seems to have stalled, and the path of least resistance is still lower.

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September 25, 2025 0 comments