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CZ’s Family Office Deepens Stake in Ethena Labs as USDe Stablecoin Supply Tops $13B

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YZi Labs, the family office founded by Binance co-founder Changpeng “CZ” Zhao and Yi He, which was rebranded from Binance Labs, has expanded its position in Ethena Labs, the protocol behind USDe, which has become the third-largest U.S. dollar-denominated crypto asset with more than $13 billion in circulation.

The investment comes as Ethena enters a new stage of growth, which includes extending its footprint on BNB Chain. This includes rolling out products designed to bridge crypto and traditional finance, such as USDtb, a fiat-backed stablecoin in development, and Converge, an institutional settlement layer being built with Securitize and partners connected to BlackRock.

USDe, marketed as a “synthetic dollar,” uses bitcoin BTC, ether (ETH) and Solana’s SOL (SOL)as backing assets, pairing them with an equal value of short perpetual futures positions on exchanges to maintain a $1 peg.

Launched less than two years ago, the synthetic dollar crossed the $10 billion supply milestone faster than any other dollar-pegged crypto asset.

“Since our investment team first met Guy [Young] in late 2023, Ethena has become the category definer for yield-bearing synthetic dollars,” said Dana Hou, investment partner at YZi Labs.

For users, the developments mean more options for holding and using digital dollars across centralized exchanges and decentralized finance protocols. For institutions, products like Converge aim to create a familiar settlement layer for tokenized assets, potentially broadening adoption of on-chain financial infrastructure.

Read more: Ethena’s USDe Outpaces BlackRock’s Bitcoin, Ether ETFs With $3.1B Inflow Surge



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Ethereum's 'Google Moment'? Vitalik Buterin Reveals Next Big Step for Blockchain
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Ethereum’s ‘Google Moment’? Vitalik Buterin Reveals Next Big Step for Blockchain

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According to Vitalik Buterin, the future of Ethereum (ETH) lies not in NFTs or meme coins, but in something far simpler — low-risk DeFi. In a new essay, the Ethereum co-founder likened this to how search became Google’s main source of income, powering every other service around the internet giant.

In short, the point is that Ethereum doesn’t need hype cycles to survive. What it needs is a solid foundation of payment systems, savings accounts, collateralized lending and synthetic assets that will stand the test of time. These are trustworthy tools that also keep ETH locked up and fees flowing.

The numbers show why this shift is important. Back in 2019, Ethereum DeFi losses amounted to more than 5% of the total value locked. By 2025, that figure had dropped to almost zero.

Protocols have become safer, risks have dropped, and the wild edges of DeFi have moved further away from the core. Buterin argues that, for millions of users, the risks in traditional finance are now greater than those in DeFi.

“Digital oil” or new Google?

Low-risk DeFi also creates opportunities for the road ahead. These include reputation-based lending without heavy collateral, prediction markets used for hedging and new forms of stable value, such as “flatcoins” tied to inflation indexes. All of these build on the safer foundations being formed today.

Buterin is clear in his message — Ethereum’s biggest application doesn’t need to be revolutionary. It just needs to work everywhere, reliably. Low-risk DeFi fits that role, and if he is right, it could be the piece that finally makes Ethereum both sustainable and integral.



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Ethereum ETFs Register $557 Million Inflows As BlackRock Leads the Charge

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

According to data from SoSoValue, the Ethereum spot ETFs saw another strong week of bullish trading activity in the third week of September, recording $556.92 million in net inflows. While the figure is slightly below the $637.79 million inflows registered during the second week, the performance underscores sustained investor appetite for Ethereum exposure through regulated institutional vehicles.

Despite the rocky start to the month, marked by $787.74 million in net outflows during the first week of September, Ethereum ETFs have now swung back into positive territory, with a cumulative September net deposit of $406.97 million.

BlackRock Dominates ETF Flows Again

In analyzing the Ethereum ETFs’ performance for the last week, BlackRock’s iShares Ethereum Trust (ETHA) continues to establish itself as the dominant player, after recording an impressive $513.01 million in net inflows, i.e, more than 92% of total ETH ETF inflows. With this momentum, BlackRock’s ETHA now holds $13.40 billion in cumulative inflows and $17.09 billion in net assets under management (AUM), reinforcing its position as the clear market leader.

In usual fashion, other funds lagged well behind in comparison. Grayscale’s Ethereum Mini Trust (ETH) posted a distant second with $17.99 million in net inflows, followed by Fidelity’s FETH with $15.18 million. Other ETFs with significant traction included Grayscale’s legacy ETHE trust, which added $13.60 million, and Bitwise’s ETHW, which attracted $7.52 million.

However, not all funds shared in the positive momentum as VanEck’s ETHV lost $8.16 million while Invesco’s QETH saw a minor $1.73 million in outflows, highlighting uneven performance across the sector. Taken together, all Ethereum ETFs now report $29.64 billion in total net assets, supported by $13.29 billion in cumulative inflows.

The latest numbers demonstrate that despite volatility in ETH spot prices and mixed performance among smaller ETFs, overall institutional demand for Ethereum remains robust. With BlackRock’s ETHA capturing the lion’s share of flows, its performance will likely remain a bellwether for the sector. If sustained, these inflows would continue to position Ethereum ETFs as a central driver of Ethereum’s institutional adoption heading into 2026.

Related Reading: Stocks Over Spot: The Case For Buying Bitcoin Treasury Companies Instead Of BTC

Bitcoin ETFs Record $887 Million

Meanwhile, Bitcoin ETFs also saw remarkable momentum in the third week of September, recording $886.65 million in net inflows, to push the monthly total to $3.48 billion. Similar to its Ethereum ETF counterpart, BlackRock’s iShares Bitcoin Trust (IBIT) dominated the market once again, leading with $866.84 million in aggregate inflows.

At the time of writing, total net assets across all Bitcoin ETFs now stand at $152.31 billion, representing 6.63% of Bitcoin’s total market capitalization. Meanwhile, cumulative inflows have reached $57.72 billion.

ETH trading at $4,477 on the daily chart | Source: ETHUSDT chart on Tradingview.com

Featured image from IQ.Wiki, chart from Tradingview

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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Are TAP and LINK the next to explode 50x? - 1
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Are TAP and LINK the next to explode 50x?

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

Dogecoin rallies as first US DOGE ETF set to launch; LINK and DigiTap emerge as the leading buys.

Summary

  • DigiTap launches at $0.012, merging DeFi and TradFi into a global omni-banking app with seamless crypto-fiat swaps.
  • TAP offers cashback rewards and has higher growth potential than DOGE and LINK thanks to its smaller market cap.
  • Experts call DigiTap a 100x crypto gem, with early adopters eyeing massive upside as demand for omni-banking surges.

The first US memecoin DOGE ETF, under the ticker DOJE, is expected to launch next week. As expected, this development has been met with a significant rally in the Dogecoin price. 

Also sparking a lot of buzz are the LINK crypto and DigiTap (TAP), which experts consider poised to explode and become one of the top cryptos to buy right now.

DOGE ETF and LINK price forecast

Over the past seven days, the Dogecoin price has increased by 13% to $0.26. Spurred by news of a DOGE ETF, scheduled to go live this month despite the recent delay, a big leap could play out in the coming weeks. 

Bulls holding current support could push the Dogecoin price past its 30-day high of $0.30. Meanwhile, DOGE ETF finally gaining approval could be the catalyst for a new all-time high (a jump past $0.73).  

Regarding Chainlink (LINK), a modest 5% gain puts LINK crypto price above the $23 mark. Although the altcoin trades below $27, its 30-day high, it is in an uptrend, considering the rally from its month low of $21.

Additionally, according to Token Terminal, trading volume has increased by 50% to $45.3 billion over the past 30 days. This on-chain metric suggests rising adoption and growing demand, positioning the LINK crypto for higher gains. 

DigiTap: A leading long-term investment

Besides the short-term gains guaranteed in presale, DigiTap could be one of the best cryptocurrencies to buy now for the long term. It costs just $0.012 in the first ICO round, which will likely be its lowest price ever. While experts have hailed it as the next 100x crypto gem, being the world’s first omni-bank further adds to its attraction. 

By combining decentralized finance (DeFi) with traditional finance (TradFi), DigiTap will address the split between legacy fiat banking networks and blockchain-based payment rails. Hence, its one-stop global money app will allow users to deposit, withdraw and exchange seamlessly between cryptocurrency and fiat. 

Given the above, this payment platform will unlock full omni-banking capabilities, expected to drive massive demand for its TAP token. Another interesting feature is cashback, offering users crypto rewards on every transaction. With a smaller market size compared to DOGE and LINK, the TAP coin has higher growth prospects. 

Closing thoughts 

Heavily discounted at less than $0.1, DigiTap has plenty of room to run compared to LINK crypto. In addition, it has been hailed as the next 100x DeFi gem and could surpass the current Dogecoin price amid massive adoption. As the world’s first omni-bank, becoming an early adopter could be this year’s smartest move — one of the best cryptocurrencies to buy now. 

For more information, visit the presale website, Telegram and Discord.

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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PayPal Stablecoin Tops $1.3 Billion as PYUSD Expands to Tron, Avalanche

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In brief

  • LayerZero extended PYUSD’s presence to nine additional blockchains.
  • PYUSD0 tokens represent a bridged version of PayPal’s stablecoin.
  • The stablecoin had a market capitalization of $1.3 billion on Thursday.

PayPal’s PYUSD stablecoin expanded to nine new blockchains on Thursday after LayerZero, an interoperability protocol, unveiled additional support for the token in a blog post.

The stablecoin, which was introduced two years ago, can now be used on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, LayerZero said. The expansion was enabled through Stargate, a bridge connecting over 80 blockchains that was acquired by LayerZero last month.

PayPal’s first payment service debuted nearly a decade before Bitcoin’s first block was mined, but the firm has faced stiff competition within the cryptosphere. Stablecoin issuers Tether and Circle have had years to refine their products, but PYUSD is still fairly new.

Paypal’s stablecoin had a market capitalization of $1.3 billion on Thursday, according to crypto data provider CoinGecko. Although that represented an all-time high in terms of PYUD’s adoption, Tether and Circle’s stablecoins were worth $171 billion and $74 million, respectively.



PYUSD’s footprint may be relatively small, but it’s still among the top options for corporate users, according to a recent survey conducted by EY-Parthennon. Among respondents, 36% of corporations said they use PYUSD, making it more popular than Ethena’s USDe and Sky Protocol’s USDS. Both stablecoins have larger market capitalizations than PYUSD.

When bridged to various networks through Stargate, PayPal’s stablecoin is represented through PYUSD0 tokens. The dynamic mirrors wrapped Bitcoin, with funds moved outside its native ecosystem represented by tokens like WBTC and cbBTC.

“Innovations like this are essential for creating the seamless, interoperable financial infrastructure that users and developers demand,” David Weber, head of ecosystem for PayPal USD said in a statement, noting that the stablecoin sector recently grew past $270 million.

PayPal’s product is powered by LayerZero’s Omnichain Fungible Token (OFT) Standard. Tether’s USDT0 token uses the same infrastructure, as well as the Frontier Stable Token, a stablecoin introduced by the state of Wyoming last month.

Earlier this week, PayPal said that users would be able to make peer-to-peer payments in Bitcoin, Ethereum, and PYUSD using a new tool. The product, called PayPal Links, is expected to roll out in the U.S. first, while expanding to overseas markets in the coming months.

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Shibarium Bridge Remains Paused After Hack, Asset Recovery Still Unclear
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Shibarium Bridge Remains Paused After Hack, Asset Recovery Still Unclear

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  • $2.3 million hack 
  • Asset recovery uncertain 

According to a recent update published by Shiba Inu developer Kaal Dhairya, Shibarium operations remain restricted following a damning hack that took place earlier this month. This means that users cannot move assets back to Ethereum. 

The team is yet to confirm when exactly the bridge is going to be reopened since it prioritizes safety and verification.  

Dhairya has clarified that updates will be published via official channels. So far, the team is deliberately avoiding publishing specific details in order not to play into the hands of the attackers. 

$2.3 million hack 

On Sept 12, blockchain security firm PeckShield detected a likely Shibarium compromise, which was later confirmed by the Shiba Inu team following an investigation. 

The attacker managed to artificially boost their in order to gain influence over validators and submit fraudulent exit requests. 

The vast majority of validators (10 out of 12) got compromised, with their keys being used for approving malicious transactions. 

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The hacker tricked the bridge into withdrawing roughly $2.3 million worth of assets, including ETH, SHIB, and ROAR.  

Asset recovery uncertain 

Dhairya has also stated that the team is yet to finalize plans for asset recovery. So far, the team is primarily focused on “containment” in order to prevent further losses. Developers are also working on “hardening” the system to make sure that such an attack will not happen again. 

A redemption plan will be shared with users once all security issues are solved. 

If the team does not manage to recover the stolen funds via investigations or bounties, they will look into such backup options as taking funds from the treasury, burning tokens, and using an insurance fund. 

A potential solution will have to undergo a community review before being implemented. 



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Coinbase’s Super App Vision: Why Best Wallet Token ($BEST) Could Be the Real Winner
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Why Best Wallet Token ($BEST) Could Be the Real Winner

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

The last few months have been overarchingly bullish for the crypto market, not just from a raw price gain perspective, but also because of the fundamental changes taking place under the new pro-crypto Trump administration.

This has sparked a wave of growth initiatives among crypto companies, who are now more clear-headed than ever in their ambition to create a better, well-oiled crypto infrastructure.

The latest example is Coinbase CEO Brian Armstrong confirming in a recent interview that the company intends to soon offer a full-fledged crypto super app, combining financial services like payments, credit cards, and rewards – but built entirely on crypto.

‘Yes, we do want to become a super app and provide all types of financial services,’ Armstrong said in the interview.

Keep reading to find out what this could mean for the broader crypto market, how Coinbase is quickly becoming one of the most talked-about companies in the space, and how you can ride this new innovation tailwind with Best Wallet Token ($BEST).

Coinbase’s Super App Vision Gains Momentum with Pro-Crypto Shift

The basis of this discussion was the bottlenecks of the current banking system and just how outdated and inefficient they are.

Armstrong pointed out the high transaction fees still prevalent in the traditional market, saying it’s simply baffling that users have to pay 2-3% every time they swipe their credit card when, in reality, it’s just bits of data flowing over the internet. ‘It should be free or close to it,’ he said.

Although Armstrong didn’t reveal the full set of features of  super crypto app, he did mention a credit card with 4% Bitcoin rewards, citing the company’s mission to become a full-fledged bank replacement for people.

As mentioned earlier, the recent pro-crypto shift by the U.S. government, including moves by the SEC, has been a major push forward for companies like Coinbase.

Armstrong seconded that, specifically referencing the GENIUS Act, which offers regulatory clarity for companies such as Coinbase.

He explained that this effectively removes a long-standing obstacle: the constant uncertainty over whether their services might be banned or rejected at any moment.

Best Wallet and $BEST: A Super App Opportunity for Early Investors

Speaking of crypto super apps, it’s worth checking out Best Wallet – a new free crypto wallet offering a unique combination of rock-solid security and class-leading ease of use.

Experts believe it could be the next big breakout winner, and for good reason.

While the much-talked-about Coinbase app still has a long way to go before launch, Best Wallet is already here, refining the crypto experience as we speak.

Most importantly from an investor’s perspective, you can’t directly participate in Coinbase’s crypto endeavours. Sure, you can buy the company’s stock ($COIN), but won’t deliver the kind of returns a successful crypto project could.

This is why Best Wallet’s native cryptocurrency, Best Wallet Token ($BEST), is arguably the best crypto to buy now if you’re looking to ride the growth of a utility-driven project.

Understanding Best Wallet’s Appeal

For starters, Best Wallet offers one of the most secure wallet experiences on the market.

  • It’s a non-custodial crypto wallet, so no one but you gets access to your private keys, ensuring foolproof privacy.
  • The app offers a slew of two-factor authentication options, including biometric login.
  • Best Wallet also comes packed with safeguards against hacks, scams, and phishing sites.

Even better, there’s an internal Best Wallet team that verifies the legitimacy of every single token before listing it on their app.

Speaking of which, Best Wallet is the ONLY wallet right now that lets you buy the best crypto presales and new meme coins in presale directly within the app.

The ‘traditional’ wallet experience involves visiting the external presale website, connecting your wallet, and then heading back to authorize the transaction.

Meanwhile, if you’re a Best Wallet user, you can buy the best altcoins in just a few clicks, without having to exit the app’s secure environment.

What’s more, you also have the liberty to create multiple Ethereum wallets, allowing you to better organize your crypto portfolio – one wallet for long-term holding, another for staking, and yet another for active trading.

Buying $BEST Unlocks Serious Perks

Of course, the most obvious and biggest benefit of buying Best Wallet Token ($BEST) is that it lets you ride the project’s growth.

After all, Best Wallet is on its way to capture 40% of the entire non-custodial crypto wallet market by 2027.

According to our $BEST price prediction, the token could hit $0.62 by the end of 2026, representing a whopping 2,300% ROI from the current token price.

In plain English, this means if you invest $100 today, it could potentially turn into $2,400 in just a little over 12 months.

That said, buying $BEST also unlocks an entirely new tier of platform-based benefits, including:

  • Reduced transaction and gas fees
  • Voting rights on key platform decisions
  • Exclusive early access to presales and new projects before they hit the market
  • Staking rewards, currently yielding 83% per year

Best Wallet Token is in presale right now, with already over $16M raised from early investors.

1 $BEST is priced at just $0.025675, and you can check out our step-by-step guide on how to buy $BEST for any help with the purchase process.

Visit Best Wallet Token’s official website to learn more about its top-notch security and usability.

Disclaimer: None of the above constitutes financial advice. The crypto market is highly volatile and risky, so kindly do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist — https://bitcoinist.com/coinbase-super-app-vision-why-best-wallet-token-could-surge

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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Ethereum Foundation dumps 10K ETH as price struggles at $4,300
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Traders debate if MUTM could be the next big crypto like ETH

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

Ethereum eyes $5k as Mutuum Finance raises $16m, emerging as a strong DeFi competitor with its dual-market model.

Summary

  • Ethereum eyes $5k as DeFi heats up, while Mutuum Finance raises $16m to launch its dual-market lending protocol.
  • Mutuum combines Peer-to-Contract and Peer-to-Peer lending, boosting liquidity and capital efficiency for users.
  • Lenders earn mtTokens with yield, while borrowers unlock credit without selling assets, keeping market exposure.

Ethereum (ETH) is again getting attention with analysts debating whether it will be able to get back to the $5000 mark. 

ETH is one of the most prominent crypto assets that have been driving the world of decentralized finance and have formed the backbone of numerous blockchain applications over the years. Meanwhile, Mutuum Finance (MUTM), a presale project, is attracting a crowd due to its dual-market lending model and advancement towards the launch. It has accrued over $16 million in funding and the observers see it as a potential competitor in the DeFi arena.

From ETH’s DeFi unlock to MUTM’s lending unlock

The most important innovation in Ethereum was the initiation of smart contracts that led to the introduction of decentralized financial protocols that have become an essential part of the market since then. On the same note, Mutuum Finance is developing a protocol that aims to combine two strategies: a Peer-to-Contract (P2C) market and a Peer-to-Peer (P2P) marketplace.

The P2C model allows users to deposit stablecoins, including USDT, USDC, DAI, or major tokens, like BTC, ETH, SOL, ADA, and LINK, in audited smart contracts. This makes borrowers get access to liquidity as the interest rates vary dynamically to ensure that the supply and demand balance. In exchange, lenders are issued with mtTokens, which are receipts with yield and can also be sold as collateral. This design gives an opportunity to have several layers of utility and capital efficiency.

In the meantime, borrowers are able to pledge assets as security to attract credit without disposing them. Using a deposit as an example, a deposit of SOL may unlock liquidity using a loan-to-value parameter, but at the same time retain an exposure to market movements.

Risk-aware expansion through P2P lending

In addition to pooled markets, Mutuum Finance is also working on a Peer-to-Peer lending marketplace to serve less liquid or more risky tokens. In this model, borrowers and lenders negotiate directly but they determine their own rates and terms. This is what is expected to be done with assets like DOGE, SHIB, PEPE, and FLOKI.

Separating these markets, the protocol will ensure the protection of the stability, but also will provide room to the higher-yield opportunities. Loan-to-value ratios are risk-specific, with stablecoins and large-cap tokens usually being allocated higher ratios than the rest of the assets.

Presale progress

The presale of Mutuum Finance is on Phase 6, and the price of the tokens is $0.035. Over 16,450 holders have already been registered with more than $16 million being raised. The next phase is set at $0.040, marking a 15% increase. Early participants from the initial stage at $0.01 have already seen the token price move significantly during the presale rounds.

Security stands as one of the key points in the project. It has been audited by CertiK, and got a Token Scan score of 90 and a Skynet score of 79. There is also a bug bounty program worth $50,000, and there is a $100,000 giveaway which is still in progress. The community itself is also growing, and they have over 12,000 followers on social media.

ETH’s rally vs. MUTM’s upside

Ethereum returning to $5,000 would consolidate its position as one of the best blockchains. On a different note, Mutuum Finance is gaining traction as an emerging project whose roadmap is utility-based with an imminent beta release. Its architecture, which focuses on pooled and peer-to-peer lending, tries to harmonize access, efficiency and risk management.

Exchange listings will follow a post-launch strategy, and the beta of the protocol will coincide with the launching of trading, which means that the next step will focus on the way the protocol works in practice. At the moment, ETH serves as a blueprint to the DeFi, and the presale of MUTM has set it as one of the well-known early-stage projects that are being followed in 2025.

To learn more about Mutuum Finance, visit the website and socials.

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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Bitcoin Retest of $120,000 Is ‘Within Sight’: Bitbank

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In brief

  • Bitcoin traders may need up to a week to fully process the Federal Reserve’s first rate cut in nine months, with $120K now “within sight” according to Bitbank’s analysis.
  • 92% of CME FedWatch traders anticipate another 25-basis point Fed cut in October, while 72% of Myriad prediction market users expect the same outcome.
  • Despite bullish technical sentiment, Bitcoin options flows show traders are selling premium and capping upside between $125K-$150K rather than making aggressive directional bets.

It could take a week for Bitcoin traders to fully digest the impact of the Federal Reserve’s first interest rate cut in 9 months, according to Bitbank analyst Yuya Hasegawa.

“With risk-on sentiment persisting after the FOMC, this improvement in technical sentiment is seen as an additional tailwind [for Bitcoin], putting a test of $120,000 within sight,” wrote the Tokyo-based analyst in a note shared with Decrypt. “Should BTC successfully break above $120,000, a full retracement may finally come into focus. The market will digest the result for probably a week or so and go back to normal, focussing back on inflation and rate cuts.”

Next week includes planned remarks from Federal Reserve Chair Jerome Powell and Vice Chair for Supervision Michelle W. Bowman on Tuesday. Although the revised dot plot released by the Federal Open Markets Committee this week showed the possibility of two more rate cuts in 2025, Powell didn’t make any promises.

Traders will be reading for nuances each time Powell or another member of the FOMC gives a speech. Looking ahead to the October meeting, 72% of users on Myriad, a prediction market owned by Decrypt parent company Dastan, anticipate another 25-basis point cut and nearly 11% think the Fed will leave rates unchanged in its penultimate meeting for the year.



Rate cut bulls have shown even more strongly on the CME FedWatch Tool, which estimates 92% of traders are expecting the Fed to approve another 25-basis point cut. The tool shows 8% of traders think the Fed will skip a cut next month.

“At present, the stronger dollar and weaker bonds (higher yields) remain concerns,” Hasegawa added in his note. “However, this can be seen as a short-term reaction, given that the bond market had overly priced in cuts for next year.”

Deutsche Bank research analysts said they’d be watching for hints of what’s to come when Powell speaks on Tuesday. They added that traders should also scrutinize new consumer spending data due to be released by the Bureau of Labor Statistics Friday, Sept. 26.

“Our U.S. economists see month-over-month growth in core PCE coming in at 0.22%, down from 0.3% in July,” the analysts wrote in a note shared with Decrypt. Their forecasts for personal income and consumption will slow to 0.3%, compared to 0.4% in July; and that spending will rise 0.5%, staying level with July.

For now, Bitcoin options activity shows that traders are cashing in on premiums rather than holding their breath for a breakout, according to Jake Ostrovskis, head of OTC trading at digital assets market maker Wintermute.

“Flows are dominated by premium selling and upside caps,” he wrote in a note shared with Decrypt. He added that traders are selling call spreads between $125,000 to $150,000, meaning that they don’t expect Bitcoin to trade much higher than that range.

He added that “the overall stance is range-bound positioning and carry harvesting rather than aggressive directional bets.”

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Ripple Clocks 13: Uphold Issues Celebratory Tweet With XRP, RLUSD Spotlight
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Ripple Clocks 13: Uphold Issues Celebratory Tweet With XRP, RLUSD Spotlight

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Fintech company Ripple is celebrating its 13th anniversary, having launched in September 2012, with the crypto community celebrating this milestone.

Uphold crypto exchange celebrated this Ripple milestone in a tweet, which contained hashtags of XRP and RLUSD.

XRP Ledger was first launched in June 2012 by the trio of David Schwartz, Jed McCaleb and Arthur Britto, who began its development in 2011. Joined by Chris Larsen, the group started the Company NewCoin in September 2012 (which was renamed OpenCoin and now Ripple).

The XRP Ledger code was originally named Ripple, explaining how the name Ripple came to be. At its start, the ledger included a digital asset that would originally be called “Ripples” (XRP as the currency code) to follow the same naming convention as Bitcoin (BTC). At the time, the name Ripple stood for the open-source project.

In early discussions with potential customers, the team was asked about the differences between the Ripple project and the OpenCoin company. With the community starting to refer to the digital asset as XRP, it was decided in 2013 to rebrand the OpenCoin company to Ripple Labs, which has since been shortened to “Ripple.”

Uphold spotlights XRP, RLUSD

In a separate tweet, Uphold highlighted recent developments surrounding XRP and RLUSD.

The first-ever U.S. spot XRP ETF (XRPR) officially launched this week, marking a major milestone for mainstream adoption.

This week, Ripple announced a partnership with DBS Bank and Franklin Templeton to establish repo markets powered by tokenized collateral and stablecoins.

Investors will be able to use RLUSD to trade for Franklin Templeton’s money market fund, sgBENJI, which is listed on DBS’s digital exchange and tokenized on XRP Ledger, earning yield and opening new liquidity venues.



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