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Ethena Labs submitted a proposal on Sept. 9 to become the issuer of Hyperliquid’s native stablecoin USDH, joining an increasingly competitive race.
The bid consists of backing USDH entirely by USDtb, a stablecoin backed by BlackRock’s BUIDL fund, with the support of Anchorage Digital.
Ethena is committed to returning 95% of net revenue generated from USDH reserves directly to the Hyperliquid...
Crypto.com-related Cronos token has received a significant utility boost after being integrated into Truth Social, the media platform backed by US President Donald Trump.
On Sept. 9, Truth Social revealed that subscribers of its premium Patriot Package will gain access to Truth Gems, a rewards feature tied to user activity on the platform. These Gems, once accumulated, can now be converted into...
Bloomberg analyst Eric Balchunas said the first US exchange-traded fund linked directly to Dogecoin will debut Thursday, Sept. 11.
In a Sept. 9 update on X, he said Rex-Osprey’s planned DOGE ETF (ticker: DOJE) signals the start of what he described as the “memecoin ETF era.”
Balchunas emphasized the fund’s unusual nature, noting that it would be the first U.S. ETF designed to hold an asset “with...
MYX, the native token of MYX Finance, has rallied more than 200% in the past 24 hours, making it the biggest gainer on Sept. 9, according to CryptoSlate data.
The token, which powers a BNB Chain-based decentralized exchange specializing in perpetual derivatives, jumped from around $6.28 to $17.75 at press time.
That surge pushed MYX’s market capitalization above $2.1 billion, placing it ahead of...
Bitcoin and Ethereum face a fourth quarter shaped by Federal Reserve cuts and ETF demand. Markets are leaning toward a September policy move after the weakest monthly jobs gain since 2020, and crypto’s near-term path hinges on how rate expectations translate into spot ETF flows, funding costs, and options hedging.
According to the Bureau of Labor Statistics, August nonfarm payrolls rose by just...
Introduction
Anyone active in the on-chain primary market will have noticed the quiet trading conditions over the past few weeks, yet despite this backdrop the X Layer public chain—launched by OKX—managed to ignite sentiment and trigger a new wave of FOMO. As excitement built meme tokens began emerging one after another on X Layer, with several “golden dogs”, each a successful token with a dog-...
Ripple has expanded its European footprint by joining forces with Spanish banking giant BBVA to introduce a digital asset custody service.
Announced on Sept. 9, the initiative extends Ripple’s institutional custody platform into Spain, giving BBVA the tools to store and manage cryptocurrencies and tokenized assets securely.
BBVA can scale its digital asset offering by deploying Ripple’s custody...
Stablecoin issuer Tether is one of the largest corporate accumulators of Bitcoin over the last 12 months, adding more coins to its treasury than nearly all spot exchange-traded funds (ETFs).
On Sept. 8, Tether CEO Paolo Ardoino shared data showing that the stablecoin issuer secured more than 27,700 BTC in the past year.
Of that amount, around 7,900 BTC were placed directly into the reserves...
The United States sanctioned 19 entities in Myanmar and Cambodia tied to cyber-fraud compounds that target victims worldwide, adding new names to the OFAC sanctions list.
The move raises immediate compliance requirements for banks, payment firms, and crypto venues that could touch these actors through correspondent flows or dollar-linked stablecoins.
Sanctions block property and prohibit U.S....
Lawmakers in Washington are weighing how the federal government should approach custody of Bitcoin and other digital assets.
A new bill, HR 1566, directs the Treasury Department to prepare a comprehensive report on the feasibility of creating both a Strategic Bitcoin Reserve and a wider Digital Asset Stockpile.
The measure forms part of the financial services and government operations...