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Morning Minute: MetaMask Confirms Token, Airdrop SZN Incoming

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Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors retreat after post-FOMC rally; BTC -1% at $116,300
  • Joe Lubin confirms MetaMask token coming “very soon”
  • Plasma sets mainnet debut & XPL token TGE for Sept 25
  • Pump Fun crosses $100M in PUMP buybacks (tho PUMP falls 7%)
  • Kevin Durant regains access to Coinbase wallet lost in 2016 when BTC was $600

🪂 Airdrop Season Incoming

Everyone loves yelling “wen token?”

Well the answer for several major protocols is now “soon.”

📌 What Happened

Yesterday, co-founder of Consensys Joe Lubin confirmed that a MetaMask token is coming “very soon.”

We don’t know any other details beyond that, and betting markets have the MASK token coming in September at just 3%.

So, it’s probably not next week.

But up until now, there was no formal confirmation a token would ever come. Now that has changed.

And add it to the growing list of major protocols dropping tokens sometime soon:

  • OpenSea just moved into the “final phase” of its pre-TGE rewards program and told users to expect token details in early October.
  • On the L2 front, Base finally said the quiet part out loud: Jesse Pollak told reporters the network is exploring a native token, with plans still early.
  • Pump Fun is slightly different from the rest with its PUMP token live for trading, but no airdrop…yet. The PUMP airdrop is expected in Q4 2024 (47% by end of 2025).
  • Meteora materials point to an October TGE for MET.
  • Finally, Polymarket token chatter is back in force alongside reports of a financing round that could value the company as high as $10B.

Airdrop SZN is truly coming.

🗣️ What They’re Saying

“One thing to think about with the MetaMask and Opensea token is that there are a lot of graveyard wallets that have not been onchain in a long time. Depending on how they structure the airdrop, you potentially see a lot of dead wallets forced onchain to claim.” – Threadguy

Joe Lubin took over Sharplink & launched Linea token in the last 3 months.

He’s launching Metamask’s next. This guy is on an absolute heater

— Andy (@ayyyeandy) September 19, 2025

🧠 Why It Matters

This one is pretty easy to explain – we like free money.

Free money is good for the crypto ecosystem.

Airdrops from protocols like MetaMask and OpenSea have long been written off by most users. Now they’re actually incoming, likely in the next 3-6 months.

Not to mention big money coming in the Solana eco in the very near future, courtesy of Meteora and Pump Fun. (And Polymarket is just a fun surprise).

So what does it mean?

Airdrop money typically stays in the casino.

Expect booms in activity on Solana (thanks to MET & PUMP), NFTs (thanks to SEA) and maybe even the broader crypto eco (MASK, POLY).

Plus the timing is great with crypto majors within 10% of ATH, a rate cut cycle just beginning, ETFs about to explode and the DAT trade showing signs of life again.

As the kids say, Q4 is going to be a movie…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors are red and retreating after the post-FOMC rally; BTC -1% at $116,300, ETH +-1% at $4,510, XRP -3% at $3.02, SOL -2% at $240
  • ASTER (+32%), IMX (+10%) and NEAR (+8%) led top movers
  • MSTR stock jumped 7% on Thursday, outperforming Bitcoin’s 2% rally
  • The Bitcoin ETFs saw $163M in net inflows, while the ETH ETFs led with $213M
  • Google Cloud and EigenLayer partnered to make EigenCloud the verifiable backbone for AP2 agentic payments across cards, bank rails, and stablecoins
  • Coinbase introduced USDC lending within its app, allowing users to earn yields up to 10.8% via Morpho
  • The White House is looking at other CFTC chairs after Brian Quintenz’s confirmation has stalled, at least partially due to criticism from the Winklevoss brothers
  • Kraken partnered with Legion to debut “Kraken Launch,” a token-sale platform that brings IPO-style, reputation-scored allocations and early token access to millions of users with its first sale “coming soon.”
  • Kevin Durant regained access to Bitcoin he “lost” access to on Coinbase back in 2016, which he purchased when Bitcoin was ~$600

In Corporate Treasuries / ETFs

  • Brera Holdings rebranded to ‘Solmate,’ and announced a $300M private raise to build a Solana treasury (BREA stock briefly +500%)
  • The DOGE ETF $DOJE did $17M volume in its debut yesterday, enough to notch a top 5 debut for any ETF this year
  • The first Crypto Index ETF launches today from Grayscale, including BTC, ETH, XRP, SOL and ADA

In Memes

  • Memecoin leaders are very red along with majors; DOGE -3%, Shiba -3%, PEPE -3%, PENGU -3%, BONK -3%, TRUMP -2%, SPX -8%, and FARTCOIN -2%
  • 1 led top movers again, up 100% to $12M; MESA +2500% to $2.6M was another notable mover

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap -4% at $13.6B, leaders were red
  • FARTCOIN (-1%), VIRTUAL (-4%), TIBBIR (-5%), aixbt (+1) & ai16z (-4%)
  • HYPER (+41%) and TETSUO (+14%) led top movers
  • Talus Labs debuted its testnet along with $125,000 in cash prizes for a new AI Agent game

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mostly flat; Punks -1% at 47.9 ETH, Pudgy even at 10.5, BAYC even at 9.3 ETH
  • Cryptodickbutts (+13%) and Meebits (+10%) were top movers
  • Abstract NFTs saw a lot of green led by Roach Racing and Bearish
  • Gondi rolled out its Gondi Purchase Bundler, allowing users to buy NFTs across marketplaces without needing the full purchase amount (using existing loan offers for the difference)

Daily Debrief Newsletter

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LILPEPE emerges as a rising memecoin to watch in 2025

by admin



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

LILPEPE is emerging as a promising new memecoin, gaining traction in 2025 with a growing community and strong potential for early investors.

Summary

  • LILPEPE combines meme momentum, community engagement, and a clear roadmap to stand out in the memecoin market.
  • Beating other memecoins, LILPEPE is gaining popularity as investors seek high-growth opportunities.
  • Early adopters may benefit from significant upside as LILPEPE expands and prepares for wider market adoption.

The memecoin market is closing on a $90 billion valuation as top players pick up steam. Dogecoin (DOGE) price action has turned bullish ahead of its first ETF launch, while Pepe Coin (PEPE) is pressing toward a breakout at $0.000011. Both tokens are attracting traders ahead of the anticipated Q4 supercycle.

However, while DOGE and PEPE may rally, analysts say a new project, Little Pepe (LILPEPE), is the top meme coin to buy right now. With its presale passing $25 million and unique Layer 2 design, LILPEPE is being tipped as the breakout memecoin for the next bull run.

Memecoin market surges

Dogecoin has undergone numerous cycles, but the launch of the DOGE ETF marks a significant new milestone. Trading near $0.26, the Dogecoin price could soon test the $0.30 resistance level. A clean break may open the path toward $0.50, with $1 as a realistic target for Q4. Treasury plans, including a $200 million DOGE reserve from CleanCore, further boost confidence.

Pepe Coin is also buzzing again. After months of sideways trading, PEPE has reclaimed key supports and is pushing toward $0.000011. Market sentiment has improved, with bulls regaining control on higher trading volumes.

Why Little Pepe is a leading memecoin

Little Pepe is different. It is not just a meme token but a Layer 2 blockchain built for memes. With near-zero fees, lightning-fast transactions, and resistance to sniper bots, it creates an ecosystem where memecoins can launch and thrive fairly. The presale started at $0.001 and reached Stage 13 at $0.0022, raising over $25.5 million and selling over 15.7 billion tokens.

Early buyers have already doubled their money, and the final listing price of $0.003 is fast approaching. Trust is also strong. The project has completed its CertiK audit, locked liquidity and team tokens, and set a strict vesting schedule to protect long-term holders. Additionally, a $777k giveaway and a new Mega Giveaway with 15 ETH in prizes drive massive community engagement.

Why LILPEPE might outrun other memecoins

  • LILPEPE is early, with incredible presale momentum
  • Plans to debut on top-tier CEXs, ensuring immediate liquidity post-launch
  • Has the required stay power, with the completed Certik audit and strict vesting schedule, critical against rug pulls and devastating dumps
  • An active community, as the incentives attract thousands of entries daily 
  • Upcoming product rollouts, ensuring long-term adoption

The answer appears clear for those inquiring about the top meme coin to buy right now. Dogecoin may hit $1 and Pepe may rally, but Little Pepe has the narrative, the tech, and the momentum to deliver the life-changing gains investors crave.

To learn more about Little Pepe, visit the website, Telegram, and X.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Rcmp Seizes $56M In Crypto, Dismantles Canada’s Tradeogre Platform
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RCMP Seizes $56M in Crypto, Dismantles Canada’s TradeOgre Platform

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Canada’s Royal Canadian Mounted Police (RCMP) have made the country’s largest-ever cryptocurrency bust, seizing more than $56 million CAD in digital assets tied to the exchange TradeOgre. It marks not only a record seizure but also the first time Canadian police have shut down a crypto trading platform running outside the law.

The investigation was handled by the RCMP’s Federal Policing division in Eastern Canada, led by the Money Laundering Investigative Team (MLIT). Police said the case began in June 2024 after Europol passed along intelligence that raised red flags about TradeOgre’s activities and possible violations of Canadian financial regulations.

Investigators discovered that TradeOgre was operating outside Canadian law. The exchange hadn’t registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as required for money services businesses. On top of that, it skipped the basic obligation of verifying customer identities — a safeguard designed to stop money from being laundered through the system. 

The RCMP said this lack of oversight turned TradeOgre into an easy tool for organized crime groups. Police believe most of the money that moved through the exchange came from criminal activity, with its anonymous accounts giving users a way to hide where the funds really came from.

“The main attraction of this type of platform is its ability to hide the source of funds,” investigators explained, describing the setup as a textbook tool for laundering illicit proceeds.

What Comes Next?

In addition to seizing the assets, investigators secured transaction data from the platform, which is now being analyzed. This information could lead to criminal charges against individuals or groups linked to the exchange.

“The transaction data obtained from the platform will be analyzed and charges may follow. The investigation is ongoing,” the RCMP confirmed in their statement.

This case not only underscores Canada’s growing efforts to clamp down on unregulated crypto exchanges but also highlights the importance of international cooperation in financial crime investigations. With TradeOgre dismantled, authorities say the operation sends a clear signal to platforms attempting to bypass regulatory oversight.

Also Read: US DOJ Moves to Seize $5M Bitcoin Stolen in SIM Swap Attacks



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Vitalik Buterin Opposes Ethereum State Expiry Innovation, Shares New Take
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Vitalik Buterin Opposes Ethereum State Expiry Innovation, Shares New Take

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Ethereum (ETH) founder Vitalik Buterin has shared his views on the ongoing debate about how to reduce the blockchain’s bloated data storage. Buterin’s view came as a response to support for a thread on X supporting state expiry.

Vitalik Buterin rejects expiry, proposes partial node solution

For context, “Ethereum’s state” refers to all the data needed to keep track of account balances, token ownership, smart contract storage and the rest. Over the years, the state has grown with the creation of more accounts and contracts.

The amount of resources required to maintain the state continues to soar, and it is causing serious challenges for the network’s stability. It will also impact the scaling of the network as data storage continues to grow.

According to a state expiry advocate, approximately 80% of these data are stale but still take up space. Hence, state expiry supporters propose that the old and unused part of the state should be removed after a period of time. This, they believe, would help Ethereum scale.

Don’t do state expiry, do partial state nodes imo

They’re functionally similar, but the latter does not require any consensus-layer logic and is much more flexible.

— vitalik.eth (@VitalikButerin) September 19, 2025

However, Buterin has kicked against this proposal. He suggests that instead of enforcing expiry at the consensus level, the system should allow nodes to choose to store only part of the state.

The Ethereum founder noted that state expiry will affect the whole network, but “partial nodes” do not. Yet, the network maintains the full state, which is more flexible and does not require Ethereum to change its core rules.

Ethereum’s long-term roadmap aligns with Buterin’s view

Vitalik Buterin has also recently shared his long-term vision for the blockchain, with emphasis on simplifying the ecosystem. He stressed that building a secure, future-proof network is key, while keeping it fast and responsive. 

Buterin believes this can be achieved with quantum computing to ensure the speed of transactions is improved. This indicates that the founder’s “partial node” solution took into consideration the overall long-term vision for Ethereum.

This outlook is important for Ethereum, as competition with other layer-1 scaling solutions like Solana and BNB Chain is growing at a very fast pace. The implication of the scalable mainnet stack is such that it can support the RWA tokenization move and other demands from Wall Street investors.

Proponents like Tom Lee see strength in Ethereum’s design, which has helped it maintain 100% uptime since its launch. This strength, he believes, can help push the price of Ethereum to a new all-time high (ATH) above $10,000.





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Michigan's Stalled Reserve Bill Advances After 7 Months
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Michigan’s Stalled Reserve Bill Advances After 7 Months

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After seven months of inactivity, Michigan’s Bitcoin Reserve Bill, HB 4087, made progress Thursday by advancing to the second reading in the state House of Representatives.

The bill, introduced in February, aims to establish a strategic bitcoin BTC$116,978.69 reserve by authorizing the state treasury to invest up to 10% of its reserves in the largest cryptocurrency and possibly others. It has now been referred to the Committee on Government Operations.

If approved, Michigan would join the three states — Texas, New Hampshire and Arizona — that have enacted bitcoin reserve laws. While Texas allocated $10 million to purchase BTC in June, the other two have yet to fund the reserve with state money.

Recently, the U.S. House directed the Treasury Department to study the feasibility and governance of a strategic bitcoin reserve, including key areas such as custody, cybersecurity and accounting standards.

Sovereign adoption of bitcoin has emerged as one of the defining trends of 2025, with several U.S. states and countries considering or implementing BTC reserves as part of their public finance strategy. That’s in addition to the growing corporate adoption of bitcoin in company treasuries.

This institutional embrace has contributed to a significant boost in bitcoin’s market valuation. The BTC price has increased 25% this year, and touched a record high near $124,500 in August, CoinDesk data show.

Despite the enthusiasm, skeptics remain concerned about the risks posed by bitcoin’s notorious price volatility.



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Bitcoin bombshell
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Bitcoin Price Eyes Demand Zones In Higher Timeframes – Here’s The Target

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

The recent Bitcoin price move seems to be going according to plan in an analysis shared by crypto analyst TehThomas.  The post, which was shared on the TradingView website, showed a possible path that the Bitcoin price could follow this period, showing both bounce-off and resistance points. Now, with Bitcoin already clearing $117,000, it seems that the next phase of the analysis could be playing out from here, and the crypto analyst is quite bullish.

What Happens After The Bitcoin Price Touched $117,000?

In the analysis, Thomas pointed out that the Bitcoin price had successfully cleared out local highs and was able to take out the liquidity above the previous range. However, there were inefficiencies that had been left behind after the previous move that were inadvertently filled by a temporary fakeout.

After the market correction that saw the Bitcoin price move toward $112,000, there is now a clearer structure forming. Right now, the Bitcoin price is moving toward the demand zones on the higher timeframes, and this could push the price higher.

The analysis points out that the correction from the liquidity sweep pushed the Bitcoin price to test key imbalances, with a bullish shift happening since then. Also, there is an inverted daily gap that has already been tested several times at around $114,000, and with this level holding, it shows that there is a lot of support here.

Another thing that the liquidity sweep has shown is that the buy-side pressure has now been cleared. This has led to a reset of the market, and from here, any moves in any direction will be more purposeful. But the price rising higher from here looks to be the most likely path.

Source: TradingView

How High Can BTC Go?

If the structure outlined by the crypto analyst holds, then the Bitcoin price could see another small correction from its current local peaks. Once this is done, the next step is the creation of the balance that would help to drive the digital asset’s price higher.

The analyst explains that if the Bitcoin price holds up the inverted daily gap, then the next target would put it above the $120,000 level, where the next resistance zone lies. However, a loss of this inverted gap and subsequent trendline support would be very bearish for the price. This would trigger another correction back toward the $111,000-$112,000 territory.

“Bitcoin has absorbed liquidity, filled inefficiencies, and inverted a daily gap that is now holding as support,” Thomas explained. “Combined with the ongoing daily uptrend, this strengthens the bullish outlook with a clear target toward the 120,000 USDT resistance zone.”

BTC drops to $117,000 | Source: BTCUSD on TradingView.com

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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Michigan Bitcoin Reserve Bill Moves Forward After Months of Delay

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In brief

  • Michigan’s House Bill 4087 advanced on Thursday, moving to the Government Operations Committee.
  • The bill would allow up to 10% of state funds in cryptocurrency with strict security requirements.
  • Michigan’s attempt is part of the inevitable state-level adoption pressuring neighboring states, Decrypt was told.

Michigan’s stalled bid to create a state-run Bitcoin reserve sprang back to life this week, with lawmakers moving House Bill 4087 to the Government Operations Committee after seven months of inaction. 

The measure, introduced in February, would authorize the state treasurer to allocate up to 10% of Michigan’s general and stabilization funds into crypto.

On Thursday, the bill cleared procedural hurdles, was placed on the House’s second reading calendar, and was formally referred to the Government Operations committee. 



Sponsored by Republican Reps. Bryan Posthumus (R-MI) and Ron Robinson (R-MI), the measure represents Michigan’s latest attempt yet to join Texas, New Hampshire, and Arizona, the only three U.S. states that have successfully enacted Bitcoin reserve laws.

“Hyperbitcoinization will spread across the country at the state level. It can’t be contained,” Kadan Stadelmann, Chief Technology Officer at Komodo Platform, told Decrypt. “Municipalities should consider Bitcoin reserves of their own to protect taxpayer money from potential devaluation of the dollar.”

Stadelmann believes Michigan’s detailed security provisions address weaknesses that doomed previous efforts in states like Florida.

He said taxpayers would have to trust a third-party “secure custody solution” or “qualified custodian,” and the state would keep “exclusive control over private keys,” with “disaster recovery protocols” and “regular audits/penetration testing.”

The industry observer believes success in Michigan could pressure neighboring states like Illinois, Ohio, and Pennsylvania to “revive their efforts to avoid being left behind.”

With Bitcoin hovering around $117,000, Stadelmann dismissed fears of Michigan “buying the top,” calling it “a geopolitically significant asset” that “nation-states” and now U.S. states are “naturally” choosing to accumulate.

He said states must prepare for a “multi-polar world” where “the U.S. Dollar may no longer be the sole reserve currency of the world, being joined by other currencies like perhaps Yuan or Rubles.”

Stadelmann cautioned the real mistake would be ignoring gold and silver, pointing to El Salvador’s reported move to add gold to its reserves and stressing that in the U.S., both metals are “written into the constitution.”

There are around 47 states that have introduced or are considering Strategic Bitcoin Reserve legislation, with about 26 states currently carrying active bills still under consideration, according to BitcoinLaws.io.

Earlier this month, the U.S. House advanced an appropriations bill directing the Treasury Department to study the feasibility and governance of a Strategic Bitcoin Reserve, including custody, cybersecurity, and accounting standards.

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Optimism announces Superchain Upgrade 16a timeline
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Optimism announces Superchain upgrade timeline

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Optimism has outlined its timeline for Superchain Upgrade 16a, a safety-focused upgrade designed to give chains more flexibility and developers better tools.

Summary

  • Optimism announced that Superchain Upgrade 16a testnet deployment will go live on Sept. 22 and mainnet launch on Oct. 2.
  • The upgrade removes unused interop withdrawal-proving code and adds system-level feature toggles for safer, flexible development.
  • OP Contracts Manager updates streamline adoption, with no impact on users.

Optimism has unveiled plans for its next major network upgrade which aims to boost safety and flexibility across its ecosystem. The upgrade is described as a maintenance release that improves developer tools and prepares the groundwork for future features.

In an announcement shared via X on Sept. 19, the team said the upgrade would go live on the Superchain Sepolia testnet on Sept. 22 and reach the Superchain Mainnet on Oct. 2, pending governance approval by the Optimism Collective.

Optimism’s focus on safety and flexibility

Upgrade 16a replaces the earlier Upgrade 16, which had included withdrawal-proving logic that was never activated on mainnet. Optimism (OP) has now taken that code out of production paths in response to partner feedback, leaving it in the repository for use when interoperability features are prepared for deployment.

System-level feature toggles are a significant addition that enable new features to be turned on or off per chain without influencing other network nodes. ETHLockbox will be the first feature governed by this mechanism, with potential future applications including custom gas tokens.

Upgrade 16a also includes feature flags for developers to safely test interoperability in non-production environments, making sure that live chains are not affected by experimental code.

Smoother upgrade path for chains

To streamline adoption, Optimism has updated its OP Contracts Manager. Chains currently on Upgrade 15 can now move directly to 16a, while those already on Upgrade 16 can migrate seamlessly without disruption. Crucially, the modifications don’t impact end-user behavior or withdrawal proofs, highlighting Optimism’s methodical, modular approach to growth.

The upgrade comes as Optimism continues its push to position its Superchain framework as a crucial hub for Ethereum’s (ETH) growth. Its reach has been increased through partnerships with projects like Base, Ronin, and Unichain, while recent collaborations with Succinct Labs and Flashbots indicate a growing focus on fault-proofing, sequencing flexibility, and zero-knowledge technology.

At the time of writing, OP was trading at $0.835, up 1.2% on the day and 6% over the past week, with a market capitalization of about $1.49 billion.





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Paypal Expands Pyusd Stablecoin To More Blockchains Via Layerzero
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PayPal Expands PYUSD Stablecoin to More Blockchains via LayerZero

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PayPal is growing the reach of its digital dollar, PayPal USD (PYUSD), by bringing it to more blockchains. It’s working with LayerZero’s Stargate Hydra bridge to make the stablecoin easier to use across different crypto networks. PYUSD first launched on Ethereum and later expanded to Solana and Arbitrum, with Stellar added just recently.

According to the announcement, PayPal is introducing a permissionless version of the token PYUSD0, which will be available on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron.

Existing bridged tokens on Berachain (BYUSD) and Flow (USDF) will also upgrade to PYUSD0. Hence, users can hold either PYUSD or PYUSD0 without friction since both remain fully fungible and interoperable across chains.

LayerZero confirmed on X thread,“With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains,” the company said. This means new markets can access PYUSD faster with availability across over 140 supported networks.

PayPal built the first global digital payment network at the onset of the internet age. In 2023, they were the first major fintech company to launch a stablecoin with PYUSD.

With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains. pic.twitter.com/CWOc2CP6sA

— LayerZero (@LayerZero_Core) September 18, 2025

In addition, developers acquire a compliant and dollar-backed stablecoin that can be integrated without so much trouble into their applications. Finally, the end-users benefit by having a smooth way to send, receive, and transfer the stabilizing value without relying on wire transfer centers.

Permissionless Access for Developers and Users

The new permissionless version allows any developer to integrate the stablecoin into their applications without needing specific authorization. With a current circulating supply of over $1.3 billion, according to DefiLlama, PYUSD is now positioned to reach a broader user base. The new integration with the Tron network, for example, gives the stablecoin access to an ecosystem with over 332 million user accounts.

David Weber, Head of Ecosystem at PayPal USD, noted, “As the stablecoin market continues its rapid growth beyond $270 billion, innovations like this are essential.” He explained that interoperability and compliance remain priorities from day one.

Bryan Pellegrino, CEO of LayerZero Labs, added, “Stablecoins are the killer app within the crypto ecosystem. With PYUSD0, PayPal USD expands its reach and flexibility.” He stressed that the move signals the start of a borderless and round-the-clock financial market.

Furthermore, the system brings together three infrastructure partners. Paxos issues PYUSD, Stargate enables transfer without slippage, and LayerZero ensures seamless distribution across blockchains. Consequently, anyone self-custodying PYUSD can now move it between blockchains with ease.

Earlier this week, PayPal also rolled out PayPal Links, a peer-to-peer payments feature. Crypto integration, including Bitcoin, Ether, and PYUSD, is expected soon across PayPal, Venmo, and other wallets. 

According to Yahoo Finance data, as of writing, PayPal’s stock (PYPL) trades at $68.78, marking a slight 0.24% increase.

Also Read: Plasma To Launch Mainnet Beta With $2B Stablecoins





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$3.80 Billion in Ethereum in Just 72 Hours, Something Big Ahead?
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$3.80 Billion in Ethereum in Just 72 Hours, Something Big Ahead?

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  • Ethereum records 30% surge in key metric
  • What’s next for ETH?

Ethereum, the second-largest cryptocurrency by market capitalization, has seen a notable surge in whale activities over the last few days. 

Recent data provided by popular crypto analyst Ali Martinez shows that Ethereum whales have aggressively loaded up on the asset in multiple billions over the last three days.

The data show that large Ethereum holders have purchased a total of 820,000 ETH, worth a massive $3.80 billion, in the last 72 hours. Notably, the big Ethereum moves were executed by wallets holding a minimum of 10,000 ETH and a maximum of 100,000 ETH.

During the period, the renowned Ethereum Treasury Company BitMine was also spotted stacking up heavily on the asset.

Ethereum records 30% surge in key metric

The massive Ethereum accumulation witnessed during the period has seen the price of Ethereum climb upwards, recording massive gains as its price reclaims crucial support levels.

The move comes as Ethereum was seen recording notable daily gains, with its price hovering around $4,600. During the day, Ethereum also witnessed a dramatic surge of 30% in its trading volume.

Although the move has sparked debates across the crypto community, it is not uncommon for heavy accumulation of a crypto asset by large holders to precede a major rally in the price of the asset.

Hence, the positive trend witnessed in the trading price of ETH following massive ETH purchases from whales comes as no surprise, as it signals either growing institutional demand or strategic asset positioning among large investors in preparation for something big.

What’s next for ETH?

While Ethereum was seen consolidating around $4,670 as of September 18th, market analysts have shared technical insights suggesting that a rapid rally that could see it break its ATH and surge as high as $5,407 may be possible in the near term.

Moreover, analysts have also predicted that Ethereum is poised for a potential breakout to $6,600+ by the end of the year if it is able to sustain its growing momentum.

While the rapid surge in the prices of cryptocurrencies witnessed on Thursday has appeared to be slowing down as of the latter hours of the day, Ethereum is seen trading at $4,591 as of press time, showing a decent daily gain of 1.49%, according to data from CoinMarketCap.

Source: CoinMarketCap 

Nonetheless, the asset is only 7.3% away from reaching its all-time high as investors remain optimistic for the asset to break past the major milestone soon.



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