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OnChain

MetaMask Unveils $30M LINEA Token Onchain Rewards Program

by admin October 5, 2025

MetaMask, a self custody cryptocurrency wallet, announced the upcoming launch of its MetaMask Rewards program, setting the stage to distribute over $30 million in LINEA token incentives during its inaugural season.

The announcement, made through a post on X, as MetaMask continues to expand its offerings beyond basic transaction capabilities, having integrated features such as token swaps, staking, and portfolio management.

gm foxes 🦊

Yes, a rewards program is on the way. 👀

Any of the details you’ve previously seen/heard are not indicative of what is to actually launch. Let’s talk a little bit about what the actual MetaMask Rewards program WILL be.

This program will yield referral rewards, mUSD…

— MetaMask.eth 🦊 (@MetaMask) October 4, 2025

The company stated the program is designed to be a “genuine method of regularly giving back to [our] community” and is expected to roll out fully within the next few weeks. The wallet provider has also made it easier for users to claim eligible tokens directly through its MetaMask Portfolio interface

Reward Program Details and Scope

The rewards program, which the company emphasizes is “not a farming play,” is being positioned as one of the largest onchain rewards initiatives built. While specific eligibility criteria were not detailed, the rewards will include referral rewards, mUSD incentives, exclusive partner rewards, and access to tokens.

Additionally, MetaMask also talked about its long-time users, saying, “Long-time MetaMask users will not be ignored, they’ll be given special benefits.” The company also connected the new initiative to future plans, stating that MetaMask Rewards will have “meaningful connections with the future MetaMask token,” adding to the existing speculation around a native token launch for the wallet.

The focus on the LINEA token for the massive $30 million Season 1 distribution shows collaboration between MetaMask and Linea, the Ethereum Layer 2 scaling solution developed by ConsenSys, the parent company of MetaMask.

The full program details are expected to be shared in the coming weeks.

Also Read: MetaMask Previews In-App Trading With Hyperliquid Integration

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October 5, 2025 0 comments

NFT Gaming

XRP Ledger ‘Uniquely Positioned’ for Trillions in On-Chain Assets

by admin October 4, 2025

Ripple cryptographer J. Ayo Akinyele says he’s pushing to make the XRP Ledger (XRPL) the “first choice for institutions seeking innovation and trust” — and to do it with privacy-first tooling.

Akinyele, a senior director of engineering at Ripple, lays out the case in a blog post published Thursday, arguing that finance can’t function without confidentiality while public blockchains are built for transparency.

The way through, he says, is programmable privacy that lets “honest participants control what is revealed, to whom, and under what circumstances,” while still giving regulators the disclosures they need.

Privacy as infrastructure, not secrecy

Akinyele contends privacy on-chain should be a baseline protection, analogous to the encryption that secures online banking.

He points to zero-knowledge proofs (ZKPs) — cryptography that proves a statement is true without exposing the underlying data — as a mechanism for private but compliant transactions (for example, proving KYC completion without broadcasting identities to the entire network).

In his view, without built-in confidentiality, institutions won’t move core workflows to public ledgers; without accountability, regulators won’t sign off. ZKPs, selective disclosure and hardened wallet infrastructure are meant to square that circle.

Scaling without sacrificing trust

Beyond privacy, Akinyele argues scalability must not come at the expense of security or decentralization.

He highlights trusted execution environments (TEEs) for fair transaction ordering to curb frontrunning and confidential computation for running sensitive logic off-chain while emitting verifiable outputs — both intended to reduce market-structure risks without reverting to intermediaries.

Looking ahead, he sketches two milestones.

First, over the “next 12 months,” he says he’s focused on making XRPL the institutional default by applying ZKPs to enable private, compliant transactions that also improve throughput.

Second, in 2026 he expects confidential multi-purpose tokens (MPTs) — a forthcoming XRPL standard — to bring privacy-preserving tokenized collateral to market. That, he says, is an essential step for institutional adoption of real-world assets (RWAs) and DeFi (decentralized finance).

Akinyele also positions XRPL as “uniquely positioned to bridge” what he describes as “many trillions of dollars in assets set to move on-chain over the coming decade,” citing the ledger’s decade-long operating history, built-in decentralized exchange, escrow and payment channels as finance-oriented primitives already at the protocol layer.

“The future of blockchains belongs to builders who remove unnecessary trust,” he concludes — arguing that if systems can prove correctness, prevent misuse and protect data, public ledgers can deliver the privacy, compliance and efficiency institutions require.

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October 4, 2025 0 comments

Crypto Trends

Circle Launches USYC On Solana, Bringing Tokenized Yield On-Chain

by admin October 1, 2025

Circle has launched its tokenized money market fund, USYC, on the Solana blockchain, marking a key expansion of its growing tokenized asset infrastructure. The product, which is already live on Base, Ethereum, Canton, and NEAR, offers eligible institutional users exposure to short-duration U.S. government assets with on-chain yield accrual via token price increases.

Unlike traditional stablecoins, USYC represents actual fund shares and accrues yield programmatically. Redeemable directly in USDC, the asset opens new design pathways for protocols looking to integrate yield-bearing collateral.

USYC is now available on @solana!

USYC is a tokenized money market fund that accrues yield via token price increases and redeems to/from USDC onchain.

Daily pricing. SPL-native integration. Oracle-driven updates.

Collateral on many venues is static. Yield is not captured.… pic.twitter.com/ZKGXaRVRQZ

— Circle (@circle) October 1, 2025

Developers can incorporate the token into lending markets, perpetual DEX collateral, and automated vault strategies. Circle recommends aligning app logic with the fund’s daily price feed and redemption mechanics, noting that redemptions typically settle instantly within a block, or T+0/T+1 for larger transactions.

USYC isn’t plug-and-play DeFi, it’s different due to its permissioned nature. Builders must use SPL Token-2022 flows, integrate price-per-share feeds, and apply custody-level controls. Only non-U.S. institutional investors who complete onboarding and wallet allow-listing can access the token.

A programmable asset for compliant DeFi

Despite its constraints, USYC enables capital efficiency by embedding yield directly into the token price, removing the need for separate reward claims. Real-time pricing and redemption processes support its use as transparent, interest-accruing collateral.

The Solana launch extends Circle’s multi-chain approach to regulated tokenized assets. A BNB Chain deployment is expected next, adding to existing rollouts. The strategy reflects growing institutional demand for yield-bearing instruments that operate within established compliance frameworks.

Connecting Solana expansion with Binance institutional support

The Solana launch is part of Circle’s broader multi-chain push for compliant tokenized assets. With the BNB Chain announcement two months ago, the rollout mirrors rising institutional appetite for yield tools that meet regulatory standards.

Institutions can earn passive yield backed by U.S. Treasuries without depositing funds directly onto the exchange, a move widely seen as part of crypto’s push toward capital-efficient infrastructure.

USYC is now supported as off-exchange collateral for @binance institutional clients, unlocking more capital efficient yield with tokenized U.S. Treasuries.

✅ TMMF backed by U.S. Treasuries
✅ Near-instant fungibility with USDC

This collaboration brings the power of tokenized… pic.twitter.com/YHBq0w7eUC

— Circle (@circle) July 24, 2025

These integrations point to a larger institutional move: USYC is being used as a regulated layer for DeFi and real-world assets. From Solana to Binance, Circle is placing USYC where compliance, liquidity, and yield meet.

Also read: Binance Institutions Can Now Use Circle’s USYC Token as Collateral

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October 1, 2025 0 comments

GameFi Guides

Indonesian University Rolls Out On-chain Records At No Cost to Students

by admin September 30, 2025

In brief

Indonesia’s Universitas Gadjah Mada will pilot verifiable digital credentials, beginning with English proficiency courses.
Students receive digital wallets preloaded with tokens for paying tuition and course fees, with no added costs.
The pilot rollout will cover 60,000 students and run alongside a separate AI lab initiative.

Universitas Gadjah Mada (UGM), one of Indonesia’s oldest and largest public research universities, announced Tuesday that it will begin storing student course records on-chain by adopting Space and Time, a decentralized database platform.

Students who complete courses will have their records written directly to the Space and Time network, creating an immutable credential they can share with employers or other schools.

The education framework is intended to help provide “expanded, modernized education access to the unbanked” and give students “a way to prove their educational achievements to any institution or employer in the world,” Scott Dykstra, co-founder and CTO of Space and Time, told Decrypt.

By onboarding students on-chain, Space and Time is hoping its database platform could help students overcome “intermediaries or traditional financial infrastructure” and “come out the other side with a traceable, verifiable record of what they’ve accomplished,” Dykstra said.

UGM‘s rollout for its estimated 60,000 students begins with English proficiency courses as the initial use case for on-chain credentialing, with planned expansions to other courses. The university also announced a new on-campus AI lab using Dreamspace, a tool built on Space and Time, which will provide courses on building and deploying AI applications.

The initiative was introduced following a partnership between Indomobil Group, one of Indonesia’s largest automotive conglomerates, and the Space and Time Foundation, which now oversees the decentralized database network originally developed by MakeInfinite Labs.

Space and Time’s custom chain pulls data from multiple blockchains and distributes it across a validator network, where each query is backed by cryptographic proofs, allowing applications to verify results without relying on a single data source.

Verifiable education

Speaking with Decrypt on Tuesday during the week leading to TOKEN2049 Singapore, a representative for the Space and Time Foundation explained the education program’s components.

The first centers on verifiable education. By placing course completions and diplomas on-chain, students avoid fragmented records across institutions and instead create a single, immutable record that employers or universities beyond the local can confirm.

The second component involves financial access through SXT, the native digital asset of Space and Time. Each student will receive a wallet preloaded with tokens to pay tuition and course fees directly, in a system the company says is designed to reach those without traditional bank accounts. Space and Time confirmed with Decrypt there will be no costs to students.

Still, some scholars caution that the promise of blockchain-based use cases in education comes with risks.

A 2025 ASEAN report on higher education mobility noted that digital credentials can support cross-border recognition of qualifications, but warned that gaps in digital readiness could worsen inequities for students and institutions with fewer resources.

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September 30, 2025 0 comments

GameFi Guides

SWIFT to Test On-Chain System on Linea Blockchain

by admin September 27, 2025

SWIFT, the global interbank messaging network, is finally moving forward to test its on-chain messaging system on Linea, the Layer 2 blockchain developed by Consensys after months of negotiating. Several major banks, including BNP Paribas and BNY Mellon, will take part in the multi-month trial.

The test aims to explore how blockchain could improve speed and how easy the system can be programmed for international payments. According to a report by BigWhale, the banks will also test how stablecoin can be used to support tokenized transactions.

🔴 SCOOP: SWIFT picks Linea (Consensys’ L2) to test on-chain messaging

10+ banks incl. BNP Paribas & BNY Mellon join

A stablecoin is also being exploredhttps://t.co/RxBrcvV7mt

— The Big Whale 🐳 (@TheBigWhale_) September 26, 2025

“The project will take several months to see the light of day, but it promises a major technological transformation for the international interbank payments industry,” a source at one participating bank told reporters.

SWIFT’s decision to carry out this test is due to the growing interest in how blockchain technology be used in the process of traditional banking. So instead of sending multiple messages between accounts, transactions could just be recorded as single on-chain payments. Banks hope this will reduce costs and allow smoother connections with other tokenized financial assets, such as bonds and shares.

The interbank network connects more than 11,000 institutions around the world handling billions of messages every year. But SWIFT does not move the money itself, it only sends standardized payment instructions. Money flows through accounts held between banks, known as nostro and vostro, or through national settlement systems.

For example, if a French company pays a Brazilian supplier, SWIFT sends a standard message called MT103. The supplier’s bank gets the message and processes the payment. This system works but can be slow because it depends on many steps and relays.

Why did Swift choose Linea?

Linea, a Layer 2 network built on Ethereum, was reportedly chosen for its cryptographic privacy capabilities. This allows participating banks to test blockchain functionalities without exposing sensitive commercial information.

Currently, the pilot is exploratory, with technical challenges integrating with existing banking systems to be solved. The project brings together leading institutions, giving them an early view of how the world of international payments could change

Sources indicate that the trial could eventually enable payments and settlements to merge into one secure on-chain transaction, transforming how banks move money internationally.

Also Read: Cardano is 3rd Gen Blockchain, Others Took Shortcuts: Hoskinson

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September 27, 2025 0 comments

BTC Longs on Bitfinex Rise 20%, Prices Drop Below 100-Day Average

NFT Gaming

Onchain Asset Management is Booming; Here’s Where People Are Investing

by admin September 25, 2025

Crypto trading firm Keyrock says onchain asset management is having a breakout year.

In a new report, the firm estimated that assets under management (AUM) have surged 118% in 2025 to $35 billion, driven by growth across automated yield vaults, discretionary strategies, structured products and credit.

Keyrock predicts that the sector could nearly double again by 2026, reaching $64 billion under a base case scenario, or as much as $85 billion if this year’s growth momentum continues.

Discretionary strategies were the standout in 2025, up 738% year-to-date, as onchain investing evolves into a credible alternative to traditional finance, the report said.

Keyrock’s report highlighted that three protocols, Morpho, Pendle and Maple, now control 31% of the industry’s AUM, underscoring both scaling leadership and protocol concentration risk.

Yield vaults remain the main entry point for allocators, commanding $18 billion in deposits.

While smaller wallets dominate in number, whales and dolphins provide the overwhelming majority of liquidity, the report noted, contributing 70%–99% of capital across strategies.

Performance has matured, with net returns competitive with traditional markets but no longer uniformly higher, the firm said. Automated yield vaults outperformed their TradFi peers by roughly 186 basis points after fees, while structured products and onchain credit lagged slightly once costs were factored in.

Discretionary strategies delivered hedge fund-like results with the added benefits of liquidity and transparency, the report added.

The Brussels-based firm recently expanded into asset and wealth management with the acquisition of Turing Capital, a Luxembourg-registered fund manager.

Read more: Crypto Trading Firm Keyrock Buys Luxembourg’s Turing Capital in Asset Management Push

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September 25, 2025 0 comments

Crypto Trends

Y Combinator, Base and Coinbase Ventures Launch ‘Fintech 3.0’ as Finance Goes On-Chain

by admin September 24, 2025

Y Combinator, the Silicon Valley startup incubator behind Airbnb, Coinbase and Stripe, is collaborating with Base and Coinbase Ventures to create the next wave of so-called “Fintech 3.0” companies, according to a blog post on Tuesday.

The firms have opened applications to these “Fintech 3.0” companies, saying it is looking for themes such as expanding stablecoins beyond the dollar into local currencies, tokenizing assets such as stocks and credit markets and building consumer-facing applications including AI-driven financial agents.

This is part of these companies’ continuing efforts to move the financial industry on-chain. A prime example of this is Base, the Ethereum overlay blockchain attached to Coinbase which recently partnered with Shopify to offer global USDC payments.

“Our mission at Base is to build a global economy that increases innovation, creativity, and freedom. To do this, we need more founders to build on-chain businesses so that anyone, anywhere can participate in the global economy,” the blog post said.

The initiative comes as U.S. lawmakers move to clarify rules for crypto. The GENIUS Act, a new U.S. law governing stablecoins, aims to bring federal clarity by directing regulators to come up with specific rules for stablecoin issuers. U.S. lawmakers continue to work on broader crypto market structure legislation as well.

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September 24, 2025 0 comments

NFT Gaming

Solana’s Next Major Step – Forward Industries Move To Launch Tokenized Shares On-Chain

by admin September 23, 2025

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Notable attention and interest are currently being directed to the Solana blockchain following the introduction of the SOL treasury reserves, which have seen persistent growth. While the SOL blockchain continues to demonstrate its dominance, Forward Industries is about to launch its tokenized shares using the network.

FORD Tokenized Shares Coming To The Solana Blockchain

Institutions and large-scale players are adopting Solana at a rapid rate as the crypto landscape evolves. In response to this growing recognition, Forward Industries (FORD) has announced its intention to introduce tokenized shares on the Solana blockchain, marking its entry into the next phase of digital finance.

The key move in the digital finance sector was shared by SolanaFloor on the social media platform X, highlighting the business’s dedication to leading the way in on-chain capital markets operations. With this move, Forward Industries is aligning its strategy with SOL’s expanding role as a hub for asset tokenization.

According to the report, Forward Industries is planning to launch its tokenized shares on SOL through the Superstate Opening Bell platform. This partnership would allow stakeholders to tokenize and hold FORD shares on the SOL blockchain. “Through Superstate Opening Bell, Forward’s common shares will be tokenized on Solana, and shareholders will be able to bridge FORD between brokerage accounts and Solana,” Robert Leshner, CEO and Co-Founder of Superstate, stated.

Furthermore, it is anticipated that the alliance will increase the company’s traditional equity by utilizing the SOL blockchain to facilitate real-time settlement, 24/7 trading, and improved global liquidity of FORD. By combining blockchain technology with conventional equities, Forward Industries could open up new opportunities for investors in both mainstream and cryptocurrency finance.

This is not the first time the company has shown robust interest in SOL. Forward Industries is now the largest Solana-focused digital asset treasury, underscoring its confidence in the blockchain’s scalability, speed, and growing ecosystem.

SOL Treasury Reserve Is Still Booming

Another significant development around the Solana blockchain is the launch of a new SOL treasury company. After completing its $500 million private placement, Helius HSDT has announced its first acquisition of SOL tokens to establish its SOL treasury company and bolster its crypto portfolio.

The report reveals that the company purchased over 760,190 SOL at an average cost basis of $231. Despite this huge purchase, Helius HSDT still holds about $335 million in cash, which it plans to use to buy more SOL and improve its treasury strategy for digital assets.

Helius HSDT’s recent SOL purchase reflects its strong commitment to the company’s digital asset-based treasury reserve and long-term trust in the Solana ecosystem. In the meantime, HeliusHSDT is looking to promote the expansion and security of the tokenized network by acting as a long-term SOL holder.

SOL trading at $219 on the 1D chart | Source: SOLUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

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

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September 23, 2025 0 comments

NFT Gaming

Bitcoin price crashes under $113k amid weak on-chain metrics and rising altcoin flows

by admin September 22, 2025

Bitcoin price is once again under pressure as weakening technicals and on-chain fatigue weigh on the market. The decline comes amid signs of capital rotation into altcoins, adding to pressure on the flagship cryptocurrency.

Summary

Bitcoin price has again fallen below $113,000, down 2.5% on the day
On-chain data shows profitability exhaustion and weakening BTC’s institutional appeal.
Despite rotation hopes, the Altcoin Season Index has dropped to 64, signaling cooling interest despite earlier surge.
Top altcoins are also falling sharply, with ETH, XRP, SOL, DOGE, and ADA down 5–11%.

Bitcoin slipped below the $113,000 mark on Monday, sparking renewed concerns across the crypto market. According to market data from crypto.news, the asset trades at $112,909 at press time, down roughly 2.5% on the day. This decline marks a strong retreat from its high point near $118,000 this week, now placing its losses over the past seven days to 3%, highlighting growing volatility and uncertainty surrounding the flagship cryptocurrency.

Bitcoin price chart | Source: crypto.news

Bitcoin (BTC) has struggled to maintain upward momentum over the past week. Persistent resistance and weakening buying pressure have fueled the decline in price, now accelerating its losses to levels last seen over a week ago.

Weak technicals and on-chain fatigue fuel Bitcoin price crash

Technical indicators paint a cautious picture. Bitcoin’s Relative Strength Index (RSI) has slipped to 45.57, indicating a loss of momentum. Meanwhile, the MACD has crossed downward, reflecting bearish sentiment as buying pressure fades. Additionally, futures volume has surged 137.2% to $72.97 billion, suggesting heightened speculative activity as traders attempt to capitalize on the volatility.

On-chain metrics further reinforce the bearish outlook. A recent analysis by CryptoQuant researcher Joao Wedson, points to signs of cycle exhaustion. According to him, Bitcoin’s SOPR (Spent Output Profit Ratio) Trend Signal suggests profitability is drying up. The analyst warns that accumulation at current levels is unprecedented, with many investors buying BTC at historically high prices rather than during earlier, more favorable periods.

Joao also noted that the Short-Term Holder Realized Price, currently at $111,400, is now acting as a major reference point especially for institutions that missed earlier accumulation phases. He further stated that the Sharpe Ratio, a measure of risk-adjusted returns, has weakened compared to 2024, making Bitcoin less attractive to large institutional players.

A drop in social interest around BTC is adding to the bearish outlook. Joao noted that altcoins are more likely to reignite public attention, with the market potentially rotating out of Bitcoin and into altcoins using reserves built up during earlier rallies.

“We are in an Altcoin Season, and that’s where your attention should be,” he added.

Altcoins under pressure despite rotation narrative

But despite the analyst’s optimism around altcoins, current market signals suggest otherwise. The Altcoin Season Index, which had surged to 78 last week, has dropped to 64, hinting at a cooling sentiment.

In terms of price action, several of these assets have also retreated to negative price territory, similar to Bitcoin. Ethereum (ETH) is down 7.23% over the past 24 hours, trading at $4,158.99 at the time of writing, while XRP (XRP) has dropped roughly 7.25% to $2.79. BNB (BNB), despite recent bullish momentum has also dipped 5.09% to $1,014. Solana (SOL) is down nearly 8%, while Dogecoin (DOGE) has posted losses over 11%, with other majors like Cardano (ADA) and TRON (TRX) also posting significant losses.

Adding to market caution, the Crypto Fear and Greed Index now reads 47, marking “Neutral” territory but edging toward fear. For now, both Bitcoin and the wider altcoin market remain under pressure, with traders waiting for clearer signals before re-entering in force.

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September 22, 2025 0 comments

NFT Gaming

Hyperliquid proves onchain perps can thrive with

by admin September 21, 2025

OKX CEO Star Xu has praised Hyperliquid’s success in the on-chain perpetuals space and noted that the platform achieved massive success with very few employees.

Summary

OKX CEO highlights Hyperliquid’s success and regulatory barriers to mainnet launch.
CFTC enforcement actions on DeFi keep exchanges cautious on perpetuals rollout.
Arthur Hayes predicts HYPE may hit $5,000 by 2028.

OKX CEO points to regulatory enforcement as market barrier

Xu’s comments come as HYPE (HYPE) token reached a new all-time high of $59.30 on September 18, jumping over 30% in the last 30 days.

Xu revealed that OKX Web3 has been testing a similar product since 2023 but chose not to launch on mainnet due to regulatory concerns.

He pointed to the CFTC’s 2023 enforcement action against Deridex as a key factor.

The OKX CEO shared CFTC enforcement data showing charges against Opyn, ZeroEx, and Deridex for failing to register as swap execution facilities, designated contract markets, or futures commission merchants.

The companies were also charged with illegally offering leveraged and margined retail commodity transactions in digital assets without proper registration.

Hyperliquid proved that massive success in onchain perps can be achieved with very few employees. Now, more competitors like $Aster are stepping into the space. OKX Web3 has been testing a similar product since 2023, but we chose not to launch mainnet due to regulatory concerns.…

— Star (@star_okx) September 21, 2025

Xu expressed hope that the industry will soon gain much-needed regulatory clarity which will allow platforms like OKX to safely enter the on-chain perpetuals market.

Meanwhile, he noted that more competitors like Aster are stepping into the space following Hyperliquid’s success.

The CFTC’s enforcement actions against DeFi platforms have created a cautious atmosphere.

The charges centered on failures to comply with traditional financial regulations adapted for digital assets. This includes lack of proper customer identification programs needed under Bank Secrecy Act compliance.

Arthur Hayes predicts $5,000 HYPE target by 2028

BitMEX co-founder and Maelstrom CIO Arthur Hayes has made one of his most aggressive cryptocurrency predictions. He suggested that HYPE could reach $5,000 by 2028.

Hayes shared his bullish thesis during multiple September 2025 appearances, including the WebX 2025 conference in Tokyo and a podcast interview with Kyle Chasse.

His prediction builds on earlier remarks where he suggested HYPE could see a 126-fold gain within three years. Hayes’ $5,000 target would be an 84x to 86x increase from current levels.

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September 21, 2025 0 comments