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Crypto Trends

What is Ethereum (ETH)? A Beginner’s Guide to the Smart Contract Blockchain

by admin September 5, 2025

In brief

Ethereum transformed the blockchain industry by enabling smart contracts, DAOs, NFTs, and decentralized apps.
From its 2015 launch to The Merge in 2022, Ethereum has driven innovation and faced growing pains.
Ethereum powers DeFi and NFTs, but still battles high fees, scalability limits, and fierce competition.

Ethereum, the second-biggest cryptocurrency after Bitcoin, is a blockchain-powered platform for creating decentralized applications (dapps).

Ethereum is not just a cryptocurrency. It’s a global, decentralized network that enables smart contracts—self-executing programs on the blockchain—and decentralized applications, or dapps, that run without banks, governments, or big tech.

When programmer Vitalik Buterin published a “whitepaper” in late 2013 proposing a new kind of blockchain—not just for money but for programmable code—a revolution in digital finance began. Today, the Ethereum blockchain hosts decentralized applications like smart contracts, games, digital art, and assets worth billions.

Ultimately, many believe that Ethereum could underpin a re-imagining of how the internet works, dubbed Web3, in which control of the internet is disintermediated away from big companies such as Amazon, Google, Facebook, and X.

This guide will help you understand the history of Ethereum, Buterin’s big idea, and the role Ether plays in that vision.

Smart contracts: Ethereum’s breakthrough

The feature that set Ethereum apart from Bitcoin early on was the smart contract. A smart contract is a code stored and executed on the blockchain that runs automatically once its conditions are met.

Smart contracts are transparent, tamper-proof, and execute without relying on third parties. This makes them the backbone of everything built on Ethereum, from DeFi protocols to NFT marketplaces.

Who Invented Ethereum?

Russian/Canadian computer programmer Vitalik Buterin wrote the whitepaper that Ethereum is based on. However, the building of the network and community was helped along by a number of co-founders: Anthony Di Loria, Charles Hoskinson, Miha Alisie, Amir Chetrit, Joseph Lubin and Gavin Wood.

Development of the Ethereum network began in early 2014 under the Ethereum Foundation, with Gavin Wood publishing the technical “yellow paper” that defined the Ethereum Virtual Machine.

A crowdfunded token sale followed in mid-2014, raising funds through an initial coin offering, or ICO, that exchanged Bitcoin for Ether. The ICO raised over $18 million.

The network officially went live on July 30, 2015, launching as “Frontier”—a platform for developers to test and deploy decentralized applications.

The switch from Proof-of-Work to Proof-of-Stake

When it first launched, Ethereum used the same Proof-of-Work consensus mechanism as Bitcoin, with cryptocurrency miners securing the network by solving complex cryptographic puzzles.

In September 2022, Ethereum switchted to a Proof-of-Stake (PoS) consensus algorithm. Instead of mining, Ether is created through staking: validators lock up at least 32 ETH as collateral and are chosen to propose and verify new blocks. Honest participation earns them ETH rewards.

This shift, known as “The Merge,” ended Proof-of-Work mining, making Ethereum more energy-efficient while allowing anyone with the required stake to help secure the network and earn rewards.

Blocks are still added about every 12 seconds, but ETH is now distributed as staking rewards, not mining rewards.

Did you know?

Ether (ETH), Ethereum’s native cryptocurrency, pays for transactions, powers apps, and secures the network. Ether’s sub-units, Gwei and Wei, are named after Wei Dai, an early pioneer of cryptocurrencies.

What applications have been built on Ethereum?

👥 Social Networks: Get paid for your posts on social media dapps.
📁 File Storage: Decentralized file storage at a fraction of the price.
💸 Overseas Payments: Dramatically reducing the cost of sending cash overseas.
💳 Payment Cards: Contactless debit card to pay in Ethereum and other cryptocurrencies.
👀 Online advertising: Cutting out the middlemen in online ads. Users get paid directly for watching online advertisements.
💱 Exchanges: Decentralized exchanges (DEXs) such as Uniswap enable users to trade cryptocurrencies peer-to-peer, without middlemen.
🏦 Loans: Blockchain-backed loans with no credit checks.

Timeline: Major milestones in Ethereum

Late 2013: Vitalik Buterin publishes the Ethereum white paper, introducing the idea of a programmable blockchain.
Mid-2014: Ethereum crowdsale (ICO) sells Ether for Bitcoin to fund development.
July 30, 2015: Ethereum launches with the “Frontier” genesis block.
September 2015: “Frontier Thawing” update increases gas limits for more stability.
March 2016: Homestead upgrade improves protocol security and usability.
April 2016: The DAO, a decentralized venture fund, launches via crowdsale.
June 2016: Hackers exploit The DAO and drain roughly $50 million in Ether. Community votes to hard-fork, creating Ethereum (ETH) and Ethereum Classic (ETC).
October 2017: Byzantium hard fork enhances performance, privacy, and sets the stage for Proof-of-Stake.
December 2017: CryptoKitties and CryptoPunk NFTs go viral, stressing network capacity and highlighting scalability issues.
January 2018: ERC-721 NFT standard is introduced, enabling unique digital assets.
December 2020: Beacon Chain launches, beginning Ethereum’s transition to Proof-of-Stake.
March 2020: Visa begins settling USD Coin (USDC) stablecoin transactions using Ethereum.
April 2021: Berlin hard fork reduces gas costs.
August 2021: London hard fork activates EIP-1559; introduces fee burning, reducing inflation.
September 15, 2022: “The Merge” transitions Ethereum from Proof-of-Work to Proof-of-Stake, cutting energy use by more than 99 percent.
April 12, 2023: The Shanghai upgrade enables withdrawal of staked Ether from the Beacon Chain.
March 13, 2024: The Dencun upgrade introduces proto-danksharding, a step toward reducing costs and increasing scalability.
May 7, 2025: The Pectra upgrade, combining Prague and Electra updates, aims to expand staking flexibility and improve Ethereum’s efficiency.

Ethereum and DAOs

One of Ethereum’s most radical innovations was the decentralized autonomous organization, or DAO. A DAO is a blockchain-based organization governed by smart contracts and community votes. Members typically hold tokens that grant them voting power on how the DAO operates and spends its funds.

The first major experiment was The DAO in 2016, which sought to operate as a decentralized venture capital fund. Investors pooled Ether, then voted collectively on how to allocate it. The project ended in disaster due to an infamous hack, but it demonstrated the potential of blockchains as platforms for decentralized governance.

Since then, DAOs have grown into a vibrant sector. They range from DAO frameworks like Moloch and Aragon, to investment collectives like Syndicate, and governance DAOs such as MakerDAO, which manages a stablecoin pegged to the U.S. dollar, to social DAOs that organize communities online.

Supporters argue that DAOs could redefine corporate governance by replacing traditional hierarchies with code and community control. Critics warn that legal frameworks remain murky, and smart contract vulnerabilities pose risks. Still, DAOs remain one of the clearest examples of Ethereum enabling something that could not exist without it.

A network tested by crisis

If Bitcoin is the gold of the cryptocurrency world, Ethereum is the oil that machines are powered on—but it has not been all smooth sailing.

Ethereum’s first major crisis arrived in 2016 with the DAO hack, when attackers exploited a vulnerability to steal $50 million worth of Ether.

The community was split: some argued the blockchain’s ledger should remain immutable, while others pushed to undo the damage. The decision to hard fork created two parallel blockchains—Ethereum (ETH) and Ethereum Classic (ETC).

Ethereum and the NFT boom

Ethereum also fueled the explosion of non-fungible tokens, or NFTs, unique digital assets that prove ownership of items like art, music, or collectibles.

The breakthrough came in 2017 with the ERC-721 token standard, which let developers create unique tokens on the Ethereum blockchain. NFTs began to clog the Ethereum network as users spent millions trading CryptoKitties, CryptoPunks, and more, showing both the appeal and the limits of the technology.

By 2021, NFTs had gone mainstream. Digital artist Beeple sold an NFT artwork for $69 million, and the Bored Ape Yacht Club launched. One of the most prominent NFT collections, the Bored Ape Yacht Club, is a collection of 10,000 primate-themed NFTs that became a cultural phenomenon, drawing celebrities and selling for hundreds of thousands of dollars each. At its height, in May 2022, all 10,000 BAYC NFTs collectively were valued over $1 billion.

Ethereum’s smart contracts made this possible by encoding ownership and authenticity directly into the blockchain. The NFT boom exposed Ethereum’s energy inefficiency, accelerating its shift away from the more energy-intensive Proof-of-Work algorithm.

The race to scale

Ethereum’s biggest weakness? Scalability. At about 15 transactions per second, it cannot match Visa’s tens of thousands. That bottleneck has often caused sky-high “gas fees,” or transaction costs.

To address this, developers began a years-long upgrade known as Ethereum 2.0. The launch of the Beacon Chain in 2020, the Berlin and London upgrades in 2021, and the Merge in 2022 marked steps toward a more efficient, Proof-of-Stake network. Later upgrades, including Shanghai in 2023 and Dencun in 2024, tackled staking flexibility and lower transaction costs.

Ethereum and the Web3 vision

Supporters see Ethereum as the foundation for “Web3”—an internet where users, not corporations, control data, money, and digital identities. Ethereum powers decentralized finance DeFi, non-fungible tokens, and decentralized autonomous organizations, each of which experiments with alternatives to traditional financial and governance systems.

But competition looms. Rival networks such as Solana, Cardano, and Polkadot have positioned themselves as faster, cheaper alternatives. Meanwhile, Ethereum scaling solutions like Polygon and Arbitrum aim to process transactions off-chain before anchoring them to Ethereum’s main blockchain, reducing lag time and cost.

A decade in, Ethereum is still defining itself

As Ethereum enters its second decade, it continues to test the boundaries of what a blockchain can do. Whether it will deliver on its vision of a decentralized internet—or cede ground to faster competitors—remains an open question.

What’s certain is that Ethereum has already changed how we think about the internet, money, community, and governance.

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September 5, 2025 0 comments

Crypto Trends

Bybit opens B2B unit to capture institutional crypto flow

by admin September 5, 2025

Moving beyond the retail exchange model, Bybit has built dedicated infrastructure for institutional and enterprise clients. Its new B2B unit focuses on the complex plumbing, including custody, triparty settlement, and RWA integration that major funds demand.

Summary

Bybit launched a Business-to-Business Unit (BBU) for institutional and enterprise clients.
The new division will offer off-exchange custody, triparty settlement, and tokenized asset programs.
Yoyee Wang has been appointed to lead the BBU, which consolidates Bybit’s institutional services.

According to a press release dated September 5, the Dubai-based exchange has formally established a Business-to-Business Unit (BBU), consolidating its existing institutional-facing teams into a single division.

Bybit said the new unit will be spearheaded by Yoyee Wang, a former Royal Bank of Canada portfolio manager who most recently led the exchange’s global treasury. Notably, the BBU’s mandate is to develop a suite of services specifically for professional players, including integrated off-exchange custody, triparty settlement models, and programs for using tokenized real-world assets as trading collateral.

Building the infrastructure for institutional crypto adoption

The launch of the BBU is a direct response to two of the most significant pain points for institutions entering the digital asset space: counterparty risk and capital inefficiency. Bybit highlighted that a baseline requirement for professional players is the separation of custody and execution.

The exchange aims to address this by constructing frameworks for off-exchange custody and triparty settlement. This model allows institutions to hold assets with trusted, often regulated, custodians while still receiving trading credit on the exchange, effectively neutralizing the existential risk of exchange failure that has long plagued the sector.

At the same time, the unit’s RWA collateral program will permit clients to pledge tokenized real-world assets as collateral for margin and trading positions. The feature solves a critical inefficiency for institutional portfolios, allowing them to avoid the opportunity cost of parking unencumbered capital and instead put traditionally yield-bearing assets to work within crypto markets.

“Institutions are looking for trusted partners who understand both the rigor of traditional finance and the innovation of crypto,” Yoyee Wang, Head of BBU at Bybit, said “At Bybit, we are building a complete business loop that integrates custody, liquidity, and yield — giving our clients not just market access, but a strategic edge in this new era.”

Additionally, Bybit’s BBU will offer Digital Treasury Asset solutions, targeting a growing niche of non-crypto native corporations. These DTA services are designed to support traditional companies looking to allocate a portion of their corporate treasury into digital assets.

The offering focuses on providing the necessary security, compliance, and yield optimization strategies that corporate boards and risk officers require, effectively acting as a guided on-ramp for traditional finance into the digital asset ecosystem.

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September 5, 2025 0 comments

Trump Family Expands Crypto Bets as Thumzup Pivots Into Dogecoin Mining

Crypto Trends

Trump-Backed Thumzup to Add 3,500 DOGE Mining Rigs

by admin September 5, 2025

Thumzup Media, the Nasdaq-listed company backed by Donald Trump Jr., is making a major bet on retail favourite dogecoin DOGE$0.2136 with plans to deploy 3,500 Dogecoin mining rigs by year-end.

The expansion is expected to come through a pending acquisition of Dogehash, a miner focused on the Scrypt algorithm that secures both Dogecoin and Litecoin.

Scrypt is specifically designed to make it costly to perform large-scale custom hardware attacks by requiring large amounts of memory.

According to its latest shareholder letter, Thumzup intends to buy Dogehash’s existing 2,500-rig fleet and add another 1,000 rigs before December, contingent on shareholder approval of the all-stock deal.

“Cryptocurrency mining presents what could be one of the greatest opportunities for value creation in the industry,” the company said, projecting “material” high-margin revenue from the integration.

Revenue estimates range from $22.7 million at current DOGE prices to more than $100 million if the token reaches $1. Dogecoin was trading near 22 cents on Friday, having remained little changed over the past 24 hours.

Thumzup’s pivot into crypto comes just months after it seeded a $1 million bitcoin position for its treasury in January. The firm has since expanded its mandate to include Dogecoin, Litecoin, Solana, XRP, ether and USDC, with board approval granted in recent weeks.

The move reflects a broader shift among small-cap firms looking to blend crypto exposure with traditional operations. While MicroStrategy has dominated headlines with its bitcoin-heavy balance sheet, Thumzup’s strategy leans toward diversification and direct mining revenue on relatively smaller tokens.

Dogecoin mining has historically been less profitable than bitcoin due to lower token value and Scrypt’s dynamics, but rising memecoin adoption has sparked new interest. Pairing Litecoin and Dogecoin mining also allows operators to hedge output across two actively traded assets.

If the rigs go live as projected, Thumzup will become one of the largest public Dogecoin miners, positioning itself squarely inside a market segment often dismissed as speculative but increasingly embraced by retail flows.

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September 5, 2025 0 comments

Crypto Trends

Which KYC is Harder to Pass?

by admin September 5, 2025

The verification process on adult platforms can be more cumbersome than Know Your Customer (KYC) checks on cryptocurrency exchanges — though added difficulty doesn’t necessarily reflect stronger compliance.

Signing up as a model on OnlyFans or Pornhub isn’t all that different from opening an account on a crypto trading platform. The process often begins with a Google login (or other online accounts, depending on the exchange), followed by the familiar ritual of selfies and ID uploads.

Both adult platforms and crypto exchanges are under mounting scrutiny over how they verify users — one to prevent minors from selling explicit content, the other to stop criminals from laundering money.

To test how those systems work in practice, Cointelegraph attempted to pass identity checks on both types of platforms. The results show that adult sites often frustrate creators with repeated rejections and arbitrary hurdles, while crypto exchanges impose more structured checks tied to financial regulation.

Cointelegraph’s OnlyFans creator account application was ultimately rejected. Source: OnlyFans

KYC in crypto vs. OnlyFans and Pornhub

On OnlyFans, verification went beyond a standard ID and selfie to include an address, multiple resubmissions and social media handles. The application was denied after the platform claimed the profile image and selfie did not meet its standards, even though they followed the stated conditions. OnlyFans later said the provided social media links were invalid even though they were legitimate.

Cointelegraph refiled the details, but the application was rejected again. When approached for comment, OnlyFans’ media team did not address specific questions. Instead, they referred to the transparency center, which states that the platform invests heavily in technology and moderation teams.

Cointelegraph’s application rejection is not a unique case. OnlyFans creator profiles have a low acceptance rate. In July, the platform received 184,844 creator applications, of which only 35% were approved.

Pornhub also rejected Cointelegraph’s application, citing only “other” as the reason. A second attempt using a passport was later approved, coincidentally after a media inquiry. Pornhub did not respond to a request for comment.

Pornhub ultimately approved Cointelegraph’s creator application. Source: Pornhub

Joshua Chu, an asset recovery lawyer and co-chair of the Hong Kong Web3 Association, also independently conducted these tests. His OnlyFans creator application was similarly rejected.

“I looked into joining as a performer, only to find the verification process significantly more rigorous than expected,” Chu told Cointelegraph. “I ultimately didn’t succeed.”

“During the same period, I’ve opened and verified multiple crypto exchange accounts, including ones not even officially supposed to be operating in Hong Kong, and trading there proved less challenging,” he added.

Related: Stripper index doesn’t apply to Bitcoin, OnlyFans models say

Crypto exchanges Coinbase, Bybit and Bitget focused their checks on financial documentation, source of funds and proof of address. Cointelegraph attempted to pass KYC on each of these platforms to measure how their processes compared.

On Coinbase, registration began with a Google login and SMS verification, followed by questions about employment and the expected source of funds. The exchange required proof of address through documents such as a bank statement or utility bill. The test was conducted on Sept. 1, and a bank statement with minimal transactions submitted by Cointelegraph was rejected several times. The application was locked for 24 hours. Cointelegraph returned to the application after the time expired, and a July bank statement was accepted and approved. A small 6-euro deposit was made to Coinbase via its banking partner, Estonia-based LHV Pank, to test the on-ramp.

Coinbase KYC freezes Cointelegraph’s application as documents fail to meet standards. Source: Coinbase

Bybit redirected European Union users to its licensed subsidiary, where verification was completed through standard ID checks. A video of a tilted passport had to be taken to display its hologram. The process was completed within minutes.

Bitget offered the fastest approval: A simple ID upload and selfie unlocked crypto transfers in about 10 minutes. Additional verification was needed to trade crypto against fiat, requiring phone and email codes and a linked bank card.

Coinbase and Bybit did not respond to Cointelegraph’s request to comment on the story.

Bitget, when asked how the platform’s KYC verification occurs almost instantly, responded by saying it relies on its eKYC service providers and its review team.

“Adult content platforms, on the other hand, often rely on more conservative, sometimes manual or third-party age checks — think uploaded scans, liveness tests or credit card checks,” Hon Ng, Bitget’s chief legal officer, told Cointelegraph.

“It’s not that adult sites are intentionally more rigorous; often, it’s that the requirements themselves are murkier,” Ng said.

“For crypto exchanges, KYC is a well-charted, globally familiar process; for age verification in adult content, the rules are newer, interpreted differently across jurisdictions and tangled in privacy debates.”

How OnlyFans and crypto ended up with stricter verifications

Identity checks were not always strict in either adult platforms or cryptocurrency exchanges. Both industries tightened their processes only after scandals and regulatory pressure made the status quo unsustainable.

Pornhub was forced to overhaul its system in 2020 after a New York Times opinion article revealed underage and non-consensual videos on the site. Visa and Mastercard quickly suspended payment services, while the platform deleted millions of unverified uploads and required all content creators to pass government ID verification.

OnlyFans faced similar scrutiny in 2021 as the platform exploded in popularity during the pandemic. A BBC News investigation found that minors were selling and appearing in explicit videos on the platform. The BBC found cases of minors using fake IDs and social media profiles of relatives to bypass the platform’s restrictions.

China eventually banned OnlyFans in 2025 after a set of crypto bans in 2021. Source: BBC

In March 2025, UK communications watchdog Ofcom fined OnlyFans’ parent company, Fenix International, 1.05 million British pounds (about $1.4 million) for providing inaccurate information about its age-verification system. The regulator said it had twice requested details in 2022 and 2023 about the platform’s “facial age estimation” tool, which was supposed to block minors.

Crypto exchanges followed a parallel but separate path. For years, platforms such as BitMEX and Binance allowed users to trade with little or no verification, drawing the ire of financial regulators.

Related: FATF’s crypto checklist hints at the next regulatory crackdown

BitMEX first settled with US regulators in 2021, agreeing to pay $100 million due to Anti-Money Laundering (AML) and registration failures. In 2024, the exchange pleaded guilty to violating the Bank Secrecy Act, and in January 2025, a federal judge imposed another $100-million criminal fine along with probation. KuCoin was a more recent example, pleading guilty in 2025 to operating as an unlicensed money transmitter and agreeing to pay nearly $300 million in penalties for optional and inconsistent KYC.

OnlyFans, Pornhub and crypto learned the hard way

In both industries, identity checks only became stricter after a scandal and enforcement made inaction impossible.

Pornhub and OnlyFans toughened their standards after revelations of underage users and child protection failures. Crypto exchanges did so only after regulators imposed heavy fines and criminal charges for weak AML safeguards.

From 2021, the Financial Action Task Force updated its global guidance to apply AML standards to crypto, meaning exchanges had to adopt KYC rules similar to banks.

“KYC is crucial for identifying and pursuing bad actors; it’s really the foundation of effective asset recovery work. However, in practice, I’ve observed that some exchanges have gaps in their KYC data or fail to properly verify key documents like address proofs,” Chu said.

“With the rise of AI-generated fakes, these weaknesses have become more pronounced. Although there are improvements, crypto KYC standards still lag behind traditional finance in integrity and thoroughness.”

Today, onboarding as a creator on an adult site can involve more hoops than opening an account on a crypto exchange, but that doesn’t mean their systems are more secure or accurate. OnlyFans has not expanded on why Cointelegraph’s application was rejected despite the submission of accurate documentation and social profiles.

Both sectors ultimately share the same trajectory: Systems tightened only after crises exposed their weaknesses, and today’s stricter checks are the product of those lessons learned the hard way.

Magazine: Astrology could make you a better crypto trader: It has been foretold

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September 5, 2025 0 comments

Crypto Trends

DeFi Development Corp’s Solana Treasury Surpasses 2M SOL

by admin September 5, 2025

DeFi Development Corp., trading under the ticker DFDV on Nasdaq, has announced that it acquired an additional 196,141 SOL at an average price of $202.76 per token. This purchase commemorates a significant milestone, pushing the company’s total holdings to 2,027,817 SOL, an increase of 11% from its previous accumulation.

At current market valuations, the firm’s treasury is now worth approximately $427 million, strengthening its position as one of the largest corporate holders of Solana. In its official announcement, the company emphasized that the newly acquired tokens will be held for the long term and staked across various validators, including its own, to generate native yield. This staking strategy not only compounds returns but also contributes to the security and decentralization of the Solana network.

A Unique Solana Per Share (SPS) Approach

DeFi Development has consistently outlined its mission to provide investors with direct exposure to Solana through its shares, aligning its treasury growth with shareholder value. As of September 4, 2025, the company reported 25,573,702 shares outstanding, giving investors a Solana per share (SPS) metric of 0.0793 SOL. At the average acquisition price, this translates to $16.70 in Solana value per share.

Notably, the company clarified that the 5.8 million pre-funded warrants issued as part of its recent $125 million equity raise are not included in the current calculations. Upon exercise, the total number of shares will reach approximately 31.4 million. The company’s ongoing accumulation strategy supports the management’s projection that the SPS will remain above 0.0675, despite the potential dilution.

With over 2 million SOL secured, DeFi Development Corp. has further cemented its role as a pioneering Solana treasury vehicle, offering public market investors structured access to one of the fastest-growing ecosystems in the blockchain space.

Also Read: REX-Osprey May Launch First Dogecoin ETF Next Week: Eric Balchunas

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September 5, 2025 0 comments

Crypto Trends

Post-Satoshi-Era Wallets Awaken With $856,331,166 BTC Shift: Details

by admin September 5, 2025

According to Maartunn, a community analyst at on-chain data platform CryptoQuant, 7,626 BTC from after the Satoshi Era, which refers to the period since 2011, when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was last active in the crypto community, has been activated.

In a tweet, Maartunn reported that 7,626 BTC aged between three and five years just moved on-chain. This age band suggests that the said BTC was acquired between 2020 and 2022, when the Bitcoin price traded at four figures and less than $20,000.

The move on-chain might be due to reasons including a shift to a more secure wallet, which might be the case as blockchain data tracker Whale Alert reported a similar move of 7,625 BTC worth $859,861,898 transferred from Coinbase to an unknown new wallet. Another reason might be that the owners of the coins decided it was time to sell, given that the holdings have ballooned in gains.

Bitcoin price

Bitcoin was trading up 1.09% in the last 24 hours to $112,241 and up 2.41% weekly. Weaker jobs data release on Thursday had raised concerns about a labor market slowdown. Private payrolls increased by just 54,000 in August, below the expected 75,000, a drop from the gain of 106,000 seen in the prior month.

USDT Issuer Tether Holds Talks to Invest in Gold Mining: FT

by admin September 5, 2025

Tether, the issuer of world’s largest stablecoin, USDT, has eyed investing in gold mining, the Financial Times reported on Friday.

The firm has held discussions with mining groups about putting money into the gold supply chain, including refining, trading and royalties, according to the report, which cited people familiar with the talks.

Tether CEO Paolo Ardoino referred to the precious metal as “bitcoin in nature,” in a speech at the Bitcoin 2025 conference in May.

One commodity industry executive referred to Tether as the “weirdest company I have ever dealt with,” according to the report.

Tether already holds $8.7 billion in gold bars in a Zurich vault, according to its financial statements, and in June this year paid $89.2 million for a minority stake in Elemental Altus (ELE), a publicly traded precious-metals investment company.

The company also offers Tether Gold (XAUT), a stablecoin in which each token is equivalent to the value of one troy ounce of physical gold.

Gold rose to an all-time high of over $3,550 per ounce this week, having nearly doubled in price in the last two years. Given its reputation as a haven amid geopolitical tensions, gold remains a natural investment of interest for crypto-native investors, many of whom buy bitcoin and other digital assets for similar reasons.

Tether did not immediately respond to CoinDesk’s request for comment.

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September 5, 2025 0 comments

Crypto Trends

Grok’s Predictions About the Next 1000x Cryptos

by admin September 5, 2025

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

July was, in many ways, a mixed bag. While it was flooded with news of large corporations gobbling up Bitcoin, Ethereum, and Solana – a trend that’s still ongoing – the cryptos themselves didn’t react as positively as many had hoped.

That said, September has brought a wave of newfound enthusiasm, fueled by the potential for a Federal Reserve rate cut.

According to Polymarket, there’s now over a 95% chance the Fed will slash rates, sparking risk-on sentiment among investors, which could, in turn, send crypto to the moon, just like it did the last time.

Exciting, right? But here’s the big question: how do you pick the right cryptos to prepare for this bull run?

Do you simply stack $BTC, $ETH, and $SOL? While safer, many argue this approach is too risk-averse, especially with expectations of a parabolic rally.

Naturally, you’d want to go hunting for the next 1000x cryptos. And to help you do just that, we turned to Grok.

Why Grok? Because it has instant access to real-time crypto updates, from company announcements and price movements to community chatter, thanks to its direct integration with X.

Keep reading to discover Grok’s top cryptos to buy in September.

1. Snorter Token ($SNORT) – Powering a Telegram Trading Bot Letting Retailers Snipe Meme Coins

Don’t mistake Snorter Token ($SNORT) for just another meme coin trying to woo crypto degens with a cute mascot. Instead, it’s a utility-driven altcoin that lets retail traders snipe liquidity in new meme coins.

Up until now, institutional players scooped up nearly all the available liquidity in new listings – meaning everyday traders were forced to sit out those massive initial pumps.

Snorter’s automatic execution flips the script. You can now place buy/sell limit or stop orders in advance and let the bot’s lightning-fast speeds work the magic for you.

Even better, placing trades, managing your portfolio, and even copying seasoned pros with the Snorter bot is a cakewalk. All you have to do is send commands – like messages – in a Telegram chat.

Another reason Grok believes $SNORT could be the next crypto to explode is its top-notch security infrastructure.

From rug pulls and honeypots to sophisticated scams and even Maximal Extractable Value (MEV) attacks, Snorter is equipped to handle every on-chain threat.

According to our $SNORT price prediction, the token could surge by more than 800%, potentially reaching $0.94 by the end of 2025.

And buying $SNORT gets you more than just potential moonshot returns; it also unlocks a suite of exclusive perks, including:

No daily sniping limits
Advanced analytics
Reduced trading fees: just 0.85%, compared to 1.5% charged to non-holders
Staking rewards, currently yielding 124%

Currently in presale, $SNORT has already pulled in over $3.7M from early investors, with each token priced at just $0.1033.

Visit Snorter Token’s official website for more information.

2. Maxi Doge ($MAXI) – New Dogecoin-Themed Meme Coin with 1000x Potential

Looking to give your portfolio that much-needed degen kick? Grok highlighted Maxi Doge ($MAXI) as one of the few low-cap coins today that could go parabolic in the upcoming cycle.

While Maxi is indeed part of the Doge lineage, he’s anything but a cute-looking Shiba Inu. In fact, Dogecoin’s wholesomeness and popularity were the very reasons behind Maxi’s lonely childhood.

That’s why he decided to become anti-Doge. He hit the gym, bulked up, chugged caffeine, and worked the charts day and night, plotting to become the best meme coin in the world.

To achieve this goal, $MAXI has reserved a whopping 40% of the total token supply for PR campaigns, influencer collaborations, and social media promotions.

Combined with regular holder-only events like weekly trading competitions and leaderboard prizes, $MAXI has sketched out a master plan to go viral.

And it doesn’t stop there. Alongside CEX and DEX listings, $MAXI is also eyeing a futures platform collaboration.

This would not only boost $MAXI’s trading volume but also let everyday traders chase wild returns with 1000x leverage opportunities.

Want in? You can join the tribe by buying $MAXI at just $0.0002555 apiece. It’s currently in presale, with already over $1.83M in early investor funding.

Check out Maxi Doge’s official website for more information.

3. MemeCore ($M) – Revolutionizing the Meme Coin Landscape with a Unique Proof of Meme (PoM) Layer

MemeCore ($M) is hands down the top trending crypto right now. It’s up more than 2,600% since its launch in July and over 250% in just the last seven days.

Much of this explosive growth comes from MemeCore’s revolutionary mission: transforming meme coins from mere speculative tokens into full-fledged powerhouses of culture, value, and community coordination.

As the first Layer 1 blockchain built for Meme 2.0, i.e., the next era of meme coins, MemeCore introduces a never-before-seen Proof of Meme (PoM) consensus layer, which rewards both cultural contributions and on-chain activity.

The network also offers generous incentives for creators, amplifiers, and contributors to participate and add value to the meme lifecycle.

All things considered, it’s no surprise that $M has become the centerpiece of the meme coin market – and the fire doesn’t look like it’s going out anytime soon.

Currently trading at $1.61, $M is hitting new highs almost daily. And given that it’s still fresh out of the oven, plus with a full-blown altcoin season yet to kick in, the token could go absolutely bonkers in the weeks ahead.

You can readily find MemeCore on MEXC right now.

Wrapping Up

A Federal Reserve rate cut, growing institutional backing, and pro-crypto policy changes are all set to converge this September, creating a potentially once-in-a-lifetime opportunity for crypto investors.

If you want to squeeze out maximum returns, consider loading up on low-priced, high-upside cryptos like Snorter Token ($SNORT), Maxi Doge ($MAXI), and MemeCore ($M) – all identified through Grok’s expert research.

That said, please remember that crypto investments are inherently risky due to the market’s volatility. None of the above is financial advice. Always do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist — https://bitcoinist.com/monthly-forecast-grok-predictions-next-1000x-cryptos/

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 5, 2025 0 comments

Crypto Trends

Bitcoin Steady as Traders Look to Friday’s Upcoming Jobs Data

by admin September 5, 2025

In brief

Bitcoin was flat over 24 hours, clawing back earlier losses to trade at $111,100, CoinGecko data shows.
Goldman Sachs expects August payrolls to show 60,000 jobs added versus 75,000 forecast, with unemployment rising to 4.3%.
Markets largely expect a 25-basis-point Fed cut on Sept. 17, though wage and unemployment surprises could sway the outlook.

Bitcoin continues to tread water as traders await U.S. labor market figures on Friday, a key data point that could influence the Federal Reserve’s interest rate decision later this month.

The crypto remains little changed on a 24-hour basis, having clawed back losses earlier in the day’s trading session. Bitcoin is hovering near $111,100, CoinGecko data shows.

Goldman Sachs anticipates a weaker August Nonfarm Payrolls report, with a projected addition of only 60,000 jobs against an estimated 75,000, and an expectation that the unemployment rate will rise to 4.3%, its highest level since 2021, according to reporting by TheStreet.

Going into tomorrow’s NFP, the market’s position has a “soft but steady” print supporting a 25-basis-point cut when the Fed meets on September 17, Shawn Young, chief analyst of MEXC Research, told Decrypt.

“Unless we see an unexpected strong upside in jobs and wages, the prevailing expectation is that the Fed will keep going toward easing,” he said.

When asked whether markets had already priced in Friday’s labor data, Young agreed that they had “to a large degree.”

“What’s less certain is the trajectory beyond September,” he said. “Traders are cautiously watching for any wage or unemployment hit that might shift expectations on the pace and depth of any upcoming cuts.”

Bitcoin has continuously tracked equities this year, with macroeconomic data influencing future expectations in the asset’s price as participants attempt to get ahead of weaker U.S. economic growth.

The Fed now faces a challenging position in achieving its dual mandate of both price stability and maximum employment, with core inflation still hovering at 3.1%.

According to an August Challenger report on Thursday, U.S. employers reported 85,979 job cuts in August, up 39% from July’s figures of 62,075, marking the month’s highest since 2020.

A “Goldilocks” report on Friday, which would include moderate job gains, steady unemployment, and contained wages, “should fuel risk-on sentiment,” benefiting both equities and crypto, Young said.

A downside shock, however, might spark “initial risk-off moves on growth fears,” followed by recovery as markets price in faster Fed easing.

“Conversely, a strong upside surprise would push yields higher, resulting in the strengthening of the dollar, and pressuring risk assets in the near term,” he said.

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September 5, 2025 0 comments

Etherex price gains 40% amid Linea rewards program launch

Crypto Trends

Euler price surges 34% amid Bithumb listing announcement

by admin September 5, 2025

Following confirmation by South Korea’s cryptocurrency exchange Bithumb that the token would be listed for trading against the Korean won, Euler saw a more than 30% increase.

Summary

Euler gained over 30% as Bithumb announced a Korean won listing, with trading live from Sept. 5.
Trading volume surged 292% in 24 hours, signaling strong demand.
Technicals show bullish momentum, but resistance near July’s $15.81 high remains.

With the listing scheduled to go live at 5:00 p.m. local time, the announcement caused a significant spike in price. At the time of writing, EUL is up 34% over the previous day, trading at $13.02, with intraday fluctuations ranging from $9.25 to $13.33.

The token’s market capitalization stands at $242 million, while its fully diluted valuation is at $353 million. Despite the surge, EUL remains around 20% below its all-time high of $15.81, recorded on July 11.

Bithumb’s listing announcement caused trading activity to spike sharply. The daily volume increased by 292% from the previous day to $9.58 million. Listings on exchanges are important price catalysts because they frequently draw in fresh capital and liquidity.

Broader ecosystem developments

The Bithumb listing comes on the heels of several developments within Euler’s ecosystem. On Aug. 6, the token was added to Coinbase, expanding its reach to U.S. investors. In an effort to increase scalability and lower transaction costs, Euler introduced isolated ETH markets on Linea, an Ethereum (ETH) Layer 2, on Aug. 18.

The protocol also celebrated the one-year anniversary of its V2 upgrade earlier this month, which brought with it the Euler Vault Kit, a modular system for building custom lending markets. To celebrate, Euler rolled out EulerEarn, a passive yield strategy platform backed by $50,000 in USD Coin (USDC) incentives.

Meanwhile, new yield opportunities for decentralized finance users were made possible by an integration with Pendle (PENDLE), which was announced on Sept. 2. Euler’s total value locked has increased to $1.5 billion, a substantial increase from $100 million in early 2024, according to DeFiLlama data.

Euler price technical analysis

The sharp price spike pushed EUL above the upper Bollinger Band, signaling strong momentum but also a potential overextension. Slightly below overbought levels, the Relative Strength Index is at 67.

Euler daily chart. Credit: TradingView

The moving average convergence divergence still indicates short-term caution, but moving averages over 10, 20, and 30-day windows are in a bullish setup.

EUL may retest its July peak at $15.81 if momentum continues. However, if profit-taking takes hold, a decline to the $10.50–$11.00 range is still feasible.

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September 5, 2025 0 comments