Recovered from the SITE123 blog, Aug 2026. Imported as drafts for review.
Ethena’s stablecoin, USDe, has seen a remarkable surge, with its market capitalization growing by more than 200% since August 2024. This growth significantly outperforms its competitors over the same period, with Circle’s USDC growing 87% and Tether’s USDT at 39.5%. USDe now accounts for over 4% of the total stablecoin market, putting it behind only … Read more
The competition to launch the first U.S. Solana (SOL) Exchange-Traded Fund (ETF) is intensifying, with multiple asset managers, including Canary Capital, Franklin Templeton, VanEck, Fidelity, Grayscale, CoinShares, and Bitwise, submitting revised S-1 registration statements to the SEC. These updated filings show that a continuous dialogue is happening between asset managers and regulators. The filings contain … Read more
Gryphon Digital Mining is set to merge with American Bitcoin, a subsidiary of Hut 8, and will be rebranded as American Bitcoin. The company will also undergo a 5-for-1 reverse stock split to meet the listing requirements for the Nasdaq stock exchange, with trading set to begin on September 2, 2025. According to CEO Asher … Read more
After a period of uncertainty, Shiba Inu (SHIB) has rebounded, climbing back above the $0.00001 mark. This recovery is largely fueled by a significant increase in whale activity, with large investors accumulating massive amounts of the token and signaling renewed confidence in its future. A recent highlight of this trend was a whale who withdrew … Read more
As August ends, cryptocurrency traders are bracing for what has been historically known as “Red September,” a phenomenon where markets, including crypto, tend to see negative returns. Since 2013, Bitcoin has fallen an average of 3.77% in September, with a track record of eight crashes, according to data from Coinglass. Experts believe this pattern is … Read more
Binance, the world’s leading cryptocurrency exchange, has revealed a new airdrop for a layer-1 altcoin called Mitosis (MITO). This new project is a decentralized finance (DeFi) platform that aims to improve cross-chain liquidity. The airdrop is part of Binance’s HODLer Airdrops program, which provides rewards to users based on their holdings of BNB, Binance’s native … Read more
Uniswap (UNI) is showing strong signs of a potential price breakout, driven by whale accumulation and bullish market sentiment. A major whale recently pulled over $4.1 million worth of UNI from Binance, contributing to a net outflow from exchanges. This trend, where large amounts of a token are withdrawn from exchanges, often indicates growing confidence … Read more
Pudgy Penguins, a well-known digital collectibles brand, has partnered with Mythical Games to launch a new Web3 mobile game called Pudgy Party. The game uses characters from the popular Pudgy Penguins NFT collection. Launching globally, the game is a collection of fast-paced mini-games with a focus on fun and a “cozy vibe.” A key feature … Read more
Grayscale Investments has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to create a new exchange-traded fund (ETF). This ETF would focus on two major cryptocurrencies: Polkadot (DOT) and Cardano (ADA). This is Grayscale’s latest effort to expand its product offerings beyond its successful Bitcoin and Ethereum ETFs. The company … Read more
Stablecoin issuer Tether has changed its plan to freeze USDT tokens on five blockchains. Initially, the company was going to completely end support for Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. After getting feedback from these communities, Tether decided to let the existing tokens remain transferable. However, it will stop issuing and redeeming … Read more