MegaETH, the blockchain network that processes transactions faster than you can say “real-time,” announced on Monday the launch of its very own native stablecoin. It’s called USDm, and it’s making waves with Ethena, the DeFi protocol that’s growing faster than a weed in a garden.
Now, let’s set the stage. On the 8th of September, Eightco Holdings Inc. (sounds like a big deal, right?) proudly announced a $250 million private placement. But wait-there’s more! A charming $20 million from BitMine Immersion made its way into Eightco’s treasure chest to scoop up Worldcoin (WLD). Yes, you heard that right. Worldcoin, the futuristic token of “proof-of-personhood” (you know, for when your ID just doesn’t cut it in an AI world) is now Eightco’s shiny new asset. 💎
Declining spot buying and spot Ethereum ETF outflows signal weakening demand.
Ah, Bakkt. The company that could have been-well, let’s be real, they’ve had a few hiccups, but now they’re giving it another shot. Wall Street broker Benchmark decided to bless us with a Monday morning report, and guess what? They’ve initiated coverage on the stock. And surprise, surprise: they’re saying, “Buy it, folks!” with a $13 price target. Because why not, right? 💸
With the enthusiasm of a poet waxing lyrical about blockchain (yes, that’s a thing now), Nasdaq has filed with the U.S. SEC to tokenize securities. One might ask, “Why?” But in the world of finance, the answer is often, “Because we can.”
“Bitcoin and its brethren, such as Ethereum, are as sensitive to monetary policy as a debutante to a slight breeze,” Lee quipped, his wit as sharp as a guillotine. “Should the Fed pivot toward rate cuts, it could set the stage for a fourth quarter as exuberant as a Victorian ball.” 🎭
In fact, HYPE’s daily DEX turnover is a breezy $361 million, whereas Cardano’s is more like the change you find between the couch cushions at a modest $2.89 million, per DefiLlama. It’s still moving, but with the grace of a dinosaur – clinging to life by muscle memory rather than innovation.
And so, like Rodion Raskolnikov pacing the frozen streets of St. Petersburg, Metaplanet (MTPLF) pressed purchase upon purchase, hoarding 136 more bitcoins into its treasury vault. This act of acquisition-though performed in the sterile glow of a Tokyo office-rings with the haunted desperation of a soul teetering on the edge of ruin and salvation.
Dogecoin enthusiasts have been staring longingly at the U.S. market like it’s a puppy in a pet store window, and this week, they might finally get to take it home. Or at least borrow it for a few hours while it jumps 7% and crashes 10%-classic Doge behavior. 🐶
According to DOGECAPITAL’s latest wisdom-dump on X (because “tweet” is so 2022), DOGE is out here trying to repeat history. We’re in “Cycle 3”-not to be confused with your workout plan. Last time DOGE got near $0.30, things got wild. If we break through? Buckle up. Or buy a helmet. Do whatever feels right.
