<div> 
 <div class="ace-line ace-line old-record-id-BvcbdEMHQoxCpDxvqWulPrLOghf">
   The 
  <strong>Bitcoin DeFi (BTCFi)</strong> landscape is experiencing a transformative shift, moving from isolated applications to comprehensive financial infrastructure. At the forefront of this evolution is 
  <strong>Lombard</strong>, a protocol designed to unlock the immense potential of 
  <strong>dormant bitcoin</strong> (BTC) by transforming it into a productive, cross-chain asset. With over $1.48 billion in Total Value Locked (TVL) and a dominant 57% share of the Bitcoin Liquid Staking Token (LST) market, Lombard is positioned to become the 
  <strong>Tether/Circle of the Bitcoin ecosystem</strong>. 
 </div> 
 <div class="ace-line ace-line old-record-id-UUOndA8rfojA6xxQVKalBe1bgCb">
   Lombard's solution, 
  <strong>LBTC</strong> (Liquid Bitcoin), serves as a standardized, yield-bearing representation of BTC that can seamlessly operate across multiple blockchains. The protocol's recent milestone—the 
  <strong>Token Generation Event (TGE)</strong>for its governance token 
  <strong>BARD</strong> on September 18, 2025—marks a significant step in its journey to build robust infrastructure for Bitcoin capital markets. This article explores Lombard's technology, team, tokenomics, and its potential to redefine Bitcoin's role in decentralized finance. 
 </div> 
 <div class="image-uploaded gallery old-record-id-DN2XdXwRtoshEWxg8Til9Lzggaf"> 
  <img src="https://img.coincatch.cc/multiLang/web/260da0a1e2be100dbf14a2cb125acbde.png" width="800"> 
 </div> 
 <div class="ace-line ace-line old-record-id-RvDWdO96korQfLxGJLQlVloBgqb">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-LFAPdxw4eoNbzPxe2kulQw3Dg7g">What is Lombard (BARD)?</h2> 
 <div class="ace-line ace-line old-record-id-VDpHdDYvioKxMfxzc7alPxwjgOb">
   Lombard is a 
  <strong>decentralized finance (DeFi)</strong> protocol that aims to bridge Bitcoin with the broader multi-chain ecosystem by creating a liquid, yield-generating version of BTC called 
  <strong>LBTC</strong>. The core vision is to transition Bitcoin from a 
  <strong>static store of value</strong> to an 
  <strong>active, productive asset</strong> that can be used as collateral, settlement asset, and strategic reserve across various DeFi applications. 
 </div> 
 <div class="ace-line ace-line old-record-id-MeaFdMa3oogXsex10Q0lDTucgXQ">
   Key to Lombard's offering is its focus on 
  <strong>institutional-grade security</strong> and 
  <strong>cross-chain compatibility</strong>. LBTC is backed 1:1 by native Bitcoin, held securely by a consortium of 14 major digital asset institutions, including OKX, Galaxy, and DCG. This ensures transparency and reduces counterparty risk, making LBTC a trusted asset for users and developers alike. 
 </div> 
 <div class="ace-line ace-line old-record-id-DWkAdy9BOoMaEqxe2gklBtxxg5c">
   Lombard’s infrastructure is often described as a 
  <strong>"full-stack" solution</strong>, combining secure asset issuance with seamless interoperability. By enabling Bitcoin to flow freely across ecosystems like Ethereum, Base, and Sui, Lombard effectively turns every connected blockchain into a 
  <strong>Bitcoin Layer-2</strong>, eliminating the need for isolated environments and boosting capital efficiency. 
 </div> 
 <div class="ace-line ace-line old-record-id-AGMidjJYbo8sLyxcp5Ol82pQg3g">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-OcqydeulWo1wt8xEpcUly1sFgtd">Who Created Lombard (BARD)?</h2> 
 <div class="ace-line ace-line old-record-id-UszidONMgoNNu6xDScSltE3DgXg">
   Lombard was founded by a team with strong backgrounds in 
  <strong>cryptocurrency investment, protocol economics, and engineering</strong>. The project is notably one of the few in the BTCFi space led by a 
  <strong>Western-based team</strong>, which enhances its appeal to global institutional investors. 
 </div> 
 <ul class="list-bullet1"> 
  <li class="ace-line ace-line old-record-id-AMQid1RZMoeTwwxsEd3lGoVngFe"> 
   <div> 
    <strong>Jacob Phillips (Co-founder)</strong>: Former partner at Polychain Capital Ventures, bringing extensive experience in crypto investments and ecosystem development. 
   </div> </li> 
  <li class="ace-line ace-line old-record-id-KHwCd12ctoWgROxezW2ll5yHgMh"> 
   <div> 
    <strong>Dr. Sankha Banerjee</strong>: Holds a Ph.D. from MIT and previously served as the Chief Protocol Economist at Babylon, contributing expertise in tokenomics and mechanism design. 
   </div> </li> 
  <li class="ace-line ace-line old-record-id-KhitdEJEVomzZLxNBkulvTapgmb"> 
   <div> 
    <strong>Olivia Thet</strong>: Former senior engineer at Coinbase, where she worked on Ethereum 2.0 staking infrastructure. 
   </div> </li> 
  <li class="ace-line ace-line old-record-id-YTgTd1RM7oZillxrFzol1X9TgJh"> 
   <div> 
    <strong>Patricia Ho</strong>: Former COO of Scroll and ex-Deputy Legal Director at OKX, providing regulatory and operational expertise. 
   </div> </li> 
 </ul> 
 <div class="ace-line ace-line old-record-id-M40wdFSBooM2sbx7ZP0lN0brgzb">
   Lombard raised 
  <strong>$16 million</strong> in a seed round led by Polychain Capital, with participation from Franklin Templeton, Binance, OKX, Bybit, Galaxy, and other major institutions. This funding has supported the development of Lombard’s multi-chain integrations, compliance frameworks, and ecosystem growth initiatives. 
 </div> 
 <div class="ace-line ace-line old-record-id-U8YrdCsy5oM91cxLZ2ElzvyNgEf">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-AR4adUcCAoOBPRxLpOHlGQQbg8b">How Lombard (BARD) Works</h2> 
 <div class="ace-line ace-line old-record-id-SxXadAfgSoTA5ixj4Gal8PoNgVd">
   Lombard’s operational framework is built on a 
  <strong>three-layer architecture</strong> designed to ensure security, interoperability, and scalability: 
 </div> 
 <div class="ace-line ace-line old-record-id-QmhsdHxlioSoXxxILNwljiyRgDg"> 
  <strong>Base Layer (Lombard Ledger)</strong>: This layer functions as a 
  <strong>Bitcoin L2 equivalent</strong> and is operated by a consortium of institutional validators, including OKX, Galaxy, DCG, Wintermute, Antpool, and F2pool. The Lombard Ledger maintains the highest security standards by leveraging 
  <strong>Proof-of-Reserves</strong> and 
  <strong>multi-signature mechanisms</strong> to ensure 1:1 backing of LBTC with Bitcoin. 
 </div> 
 <div class="ace-line ace-line old-record-id-Qyl5dOALZoYPGuxoFCYl2Tl9g3b"> 
  <strong>Middleware (LBTC and BTC Wrapper)</strong>: This layer is responsible for minting and redeeming LBTC. It acts as a 
  <strong>decentralized and permissionless bridge</strong> that allows users to convert native BTC into LBTC, which can then be deployed across multiple blockchains. The middleware includes Software Development Kits (SDKs) that facilitate integration with various DeFi applications. 
 </div> 
 <div class="ace-line ace-line old-record-id-S9ztdlPPhoNykOxLCQ0lybW0gVf"> 
  <strong>Distribution Layer (Lombard Vaults)</strong>: This component aggregates BTC liquidity and directs it toward high-yield opportunities across supported networks. With over 
  <strong>$500 million in TVL</strong>, Lombard Vaults optimize returns by automating yield strategies such as lending, staking, and restaking. 
 </div> 
 <div class="ace-line ace-line old-record-id-LIddd7nk8oGo6axDBjHlW4K7goc">
   This architecture allows Lombard to combine 
  <strong>security</strong> at the base layer with 
  <strong>flexibility</strong> at the distribution layer, creating a system where Bitcoin holders can maintain exposure to their asset while earning yields and accessing DeFi services across ecosystems. 
 </div> 
 <div class="ace-line ace-line old-record-id-UBm4dpIISoUunJxomGvlPteFgqc">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-DA3Ydn84ioEcC4xzXH1lF7bdgpb">Features of Lombard</h2> 
 <div class="ace-line ace-line old-record-id-Dmk4dg4JCoIMqUxlHBMlxQa8g8d"> 
  <strong>Cross-Chain Compatibility</strong>: LBTC is available on 
  <strong>12+ blockchains</strong>, including Ethereum, Base, and Sui, making it one of the most widely integrated Bitcoin derivatives. This cross-chain functionality enables users to leverage BTC liquidity in diverse DeFi applications without needing to bridge assets manually. 
 </div> 
 <div class="ace-line ace-line old-record-id-DzrGdgmldozO0DxzCT7lQ0R6g0p"> 
  <strong>Institutional-Grade Security</strong>: Lombard’s institutional signer consortium ensures that LBTC is 
  <strong>securely backed</strong> by Bitcoin. The protocol has maintained a 
  <strong>flawless security record</strong> since launch, with zero depegging incidents or breaches. 
 </div> 
 <div class="ace-line ace-line old-record-id-AHTgdR3KBorhGBxgDbAlBz3Lg8c"> 
  <strong>Proof-of-Reserves</strong>: Lombard is the 
  <strong>first Bitcoin LST</strong> to implement real-time Proof-of-Reserves, allowing users to verify at any time that the circulating supply of LBTC is fully collateralized. 
 </div> 
 <div class="ace-line ace-line old-record-id-EuaVdxPztoQvlMxW5PIlTrphgeh"> 
  <strong>High Utilization Rate</strong>: LBTC boasts a 
  <strong>77% utilization rate</strong>, indicating that most of the minted LBTC is actively deployed in yield-gener activities rather than lying idle. This reflects strong demand and practical utility within the DeFi ecosystem. 
 </div> 
 <div class="ace-line ace-line old-record-id-OZsMdEDKxoa06lxTl7wlXBNSg2f"> 
  <strong>Ecosystem Integration</strong>: Lombard has partnered with key DeFi protocols, including AAVE, which has integrated LBTC as a collateral asset. This integration enhances LBTC’s utility and provides users with more opportunities to leverage their Bitcoin holdings. 
 </div> 
 <div class="ace-line ace-line old-record-id-Og5MdTxIjogxwpx0xQMlmNhVgRe">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-RLBAd5NRuoW6paxVB6plZvWFgTe">Lombard Token (BARD) and Tokenomics</h2> 
 <div class="ace-line ace-line old-record-id-UcVadWDtWozGuHxadqHlcgFPgye">
   The 
  <strong>BARD token</strong> serves as the 
  <strong>governance and utility token</strong> of the Lombard ecosystem. Its primary functions include protocol governance, ecosystem incentives, and potential fee discounts. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-E5BUd6L7QoYAgOxLZLNlpaImgSh">Token Distribution and Supply</h3> 
 <div class="ace-line ace-line old-record-id-OpY2dlp99oenKyxyR5ol7cPlg3b"> 
  <strong>Total Supply</strong>: Not fully disclosed, but the initial FDV at the community sale was approximately 
  <strong>$450 million</strong>. 
 </div> 
 <div class="ace-line ace-line old-record-id-FKYcdxyL9ooRxjxroeMluZAUgRc"> 
  <strong>Community Sale</strong>: 
  <strong>1.5%</strong> of the total supply was sold on Buidlpad for $6.75 million, with priority access given to LBTC holders and existing users. 
 </div> 
 <div class="ace-line ace-line old-record-id-Dbqudz0ygoDpaqx1VBdlG6WUg8g"> 
  <strong>Investors and Team</strong>: Allocations are likely held by investors and the team, with vesting schedules to ensure long-term alignment. 
 </div> 
 <div class="ace-line ace-line old-record-id-YVrEdKyOcoSjdpxA0VilCAoogff"> 
  <strong>Ecosystem Fund</strong>: Managed by the 
  <strong>Liquid Bitcoin Foundation</strong>, which oversees grants, partnerships, and development initiatives. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-XJ7RdBJy7o7DaoxosjKlmmYTgpg">Utility of BARD</h3> 
 <div class="ace-line ace-line old-record-id-NBj8d984JokBwTxTqCTl06MigIc"> 
  <strong>Governance</strong>: BARD holders can participate in decision-making processes, such as proposing and voting on protocol upgrades, treasury management, and strategic partnerships. 
 </div> 
 <div class="ace-line ace-line old-record-id-Qi6NdAjaXoSttExOaKDlYzaAgud"> 
  <strong>Ecosystem Incentives</strong>: BARD is used to reward users and developers who contribute to the growth of the Lombard ecosystem, including liquidity providers and integrators. 
 </div> 
 <div class="ace-line ace-line old-record-id-OsvVdTW44ouP2yxPysul0Rn0gah"> 
  <strong>Fee Discounts</strong>: There is potential for BARD to be used for discounted fees within the Lombard platform, though this feature depends on future governance proposals. 
 </div> 
 <div class="ace-line ace-line old-record-id-SyaLdh9UzoUCawxFj2jlw1XKgBw">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-ZMQYdOC5nomxxex4LMblLWFRgEf">Advantages and Risk Factors</h2> 
 <h3 class="heading-3 ace-line old-record-id-RjVJd52BZoqpw7xF8P4ljN7sgcb">Advantages</h3> 
 <div class="ace-line ace-line old-record-id-PjtOd1H3JocAcZxRodalKU0HgRc"> 
  <strong>Market Leadership</strong>: With 
  <strong>$1.48 billion TVL</strong> and a 57% market share in the Bitcoin LST space, Lombard is the largest player in the restaked BTC category. 
 </div> 
 <div class="ace-line ace-line old-record-id-WYqIdw9HkobXkgxFkYWlA4W4guf"> 
  <strong>Rapid Growth</strong>: LBTC reached 
  <strong>$1 billion TVL in just 92 days</strong>, making it the fastest-growing interest-bearing token in crypto history. 
 </div> 
 <div class="ace-line ace-line old-record-id-M5uXdfvq1oUM7oxBZkOlFOUugAd"> 
  <strong>Institutional Backing</strong>: Supported by top-tier institutions, including Galaxy, DCG, and OKX, Lombard combines decentralization with institutional trust. 
 </div> 
 <div class="ace-line ace-line old-record-id-MmMIdEk8KofROAx21fmlocmTgne"> 
  <strong>Full-Stack Solution</strong>: Lombard’s three-layer architecture addresses every aspect of Bitcoin DeFi, from secure minting to yield optimization. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-Mu1adTkmWoJrdDxcaAMlTWDOgTf">Risk Factors</h3> 
 <div class="ace-line ace-line old-record-id-FTJddA5O7oqDD3xhTvIl5mrugKD"> 
  <strong>Competition</strong>: Lombard faces competition from protocols like 
  <strong>SolvBTC</strong> ($1.15 billion TVL) and 
  <strong>PumpBTC</strong> ($115 million TVL), which offer similar Bitcoin restaking services. 
 </div> 
 <div class="ace-line ace-line old-record-id-DfGBd44M2oXl39xhrnflCNhMgmf"> 
  <strong>Dependence on Babylon</strong>: Lombard relies on the Babylon protocol for Bitcoin staking. Any issues with Babylon could negatively impact Lombard’s operations. 
 </div> 
 <div class="ace-line ace-line old-record-id-D57udtOVdo1I8Yxv0V2lNTmHg4g"> 
  <strong>Regulatory Challenges</strong>: As with any DeFi protocol, regulatory changes could affect Lombard’s operations, especially given its institutional focus. 
 </div> 
 <div class="ace-line ace-line old-record-id-UNoKdfb8Ko0P1kxt0vQlPSm5gyb"> 
  <strong>Market Risks</strong>: A decline in TVL ( 
  <strong>6.75% over the past month</strong>) indicates potential capital rotation pressures, while 
  <strong>low base yields</strong> (~1% APY) may not attract yield-seeking users in a bull market. 
 </div> 
 <div class="ace-line ace-line old-record-id-BWb2dX6xFovJ8Ixd6E6lZ7gogpc">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-Ap4IdA9Qwob2yHx1HBOl6MDhgde">Conclusion</h2> 
 <div class="ace-line ace-line old-record-id-PnmodMeMPoIhmixotsulcmzMgAH">
   Lombard represents a 
  <strong>pioneering effort</strong> to integrate Bitcoin into the expanding multi-chain DeFi ecosystem. By combining institutional security with cross-chain interoperability, Lombard addresses critical limitations that have historically prevented Bitcoin from being used as productive capital. The successful launch of LBTC and the recent TGE of BARD underscore the protocol's potential to become a foundational layer for Bitcoin-based DeFi. 
 </div> 
 <div class="ace-line ace-line old-record-id-KlOOdxKj8oAGIJxQuT0l7asBgif">
   However, Lombard is not without challenges. Competition, regulatory uncertainties, and market volatility could impact its growth trajectory. Despite these risks, Lombard’s strong institutional backing, innovative architecture, and strategic positioning make it a key project to watch in the BTCFi space. 
 </div> 
 <div class="ace-line ace-line old-record-id-UdR8dHUYaosLNBxuSCZlNuv7gib">
   As the crypto industry continues to evolve, Lombard’s vision of transforming Bitcoin into a dynamic, yield-generating asset could play a crucial role in shaping the future of decentralized finance. 
 </div> 
 <div class="ace-line ace-line old-record-id-Zs11ddTlzo1O3Lx2BHalVG99ggN">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-Zs11ddTlzo1O3Lx2BHalVG99ggN">
   &nbsp; 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-YPvUdBBLxoZvSPx4pvnljZjVgDb">References:</h3> 
 <div class="ace-line ace-line old-record-id-PZVcdlcBWoB3KOxK2SjlFOeogSg">
   Foresight News. (2025). 
  <em>Is Lombard's opening expected to reach a $2 billion FDV?</em> Retrieved from 
  <u><a href="https://news.futunn.com/post/62199435/is-lombard-s-opening-expected-to-reach-a-2-billion" rel=" nofollow">https://news.futunn.com/post/62199435/is-lombard-s-opening-expected-to-reach-a-2-billion</a></u> 
 </div> 
 <div class="ace-line ace-line old-record-id-WSnld0LfjoTvV9xfzVKlOwI3gNg">
   Coinglass. (2025). 
  <em>Lombard expected to open with 2 billion FDV?</em> Retrieved from 
  <a href="https://www.coinglass.com/news/696777">https://www.coinglass.com/news/696777</a> 
 </div> 
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Lombard (BARD): The Infrastructure Revolutionizing Bitcoin's DeFi Ecosystem

<div> 
 <div class="ace-line ace-line old-record-id-URJTdIjNboPv5IxvUN5lRvK8gpb">
   On September 19, BTC and ETH in the crypto market continue to fluctuate within a range, market sentiment is cautiously optimistic, and the fear and greed index is neutral. Meanwhile, Ethereum co-founder and Consensys CEO Joseph Lubin said that MetaMask will be launching its much-anticipated native token in the near future; Nasdaq-listed Forward Industries has submitted a prospectus to the SEC, announcing plans to sell $4 billion in shares to bolster its Solana reserves; Plasma has launched its mainnet beta with $2 billion in active stablecoin liquidity and over 100 integrated DeFi partners. 
 </div> 
 <div class="ace-line ace-line old-record-id-Mu2rdYrH2oMFtQxXwjFlv0E3g8c">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-UmnjdNhkNosrbQx0I4Tl3ddWgqd">Crypto Market Overview</h2> 
 <h3 class="heading-3 ace-line old-record-id-IICPdRJtOoyDFlxkmTXlQedbghd"><a href="https://www.coincatch.com/en/spot/BTCUSDT" rel=" nofollow">BTC</a> (-0.18% | Current Price: $116,923.02)</h3> 
 <div class="ace-line ace-line old-record-id-HVJDdJvGGoMFpAxwv89lQYcGg9f">
   BTC has been fluctuating around $117,400 for the past two days, with repeated attempts to reach $117,900 failing. Significant upward pressure is evident. Bitcoin has been fluctuating between its 50-day simple moving average (SMA) at $114,320 and overhead resistance at $117,500. If the price breaks above $117,500, it could ascend towards $120,000 and potentially $124,474. Conversely, a drop below the 20-day exponential moving average (EMA) suggests it might remain in the $107,000 to $117,500 range. Trading strategies are recommended, with a focus on key support and resistance levels. On September 18th, BTC ETFs saw a net inflow of $163 million, including $97.4 million into Fidelity's FBTC, indicating that institutional funds are increasing their Bitcoin holdings and strengthening their allocation to the asset. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-BRqhdgNdoore8JxCj1zlfIhQgTa"><a href="https://www.coincatch.com/en/spot/ETHUSDT" rel=" nofollow">ETH</a> (-0.86% | Current Price: $4,534.52)</h3> 
 <div class="ace-line ace-line old-record-id-Vo3Hd13Z8o1DQXxvyBclNVqDgwg">
   ETH has fallen after encountering resistance at $4,767 and is currently consolidating around $4,600. Overall, the market remains volatile and poised for growth. Trading volume is low, with investors primarily on the sidelines. A break above the $4,650–4,700 range could lead to renewed attempts to retake previous highs. A break below $4,500 could trigger a pullback to $4,400. Trading strategies should follow the trend and focus on support levels. On September 18th, ETH ETFs saw a net inflow of $213.1 million, with Fidelity FETH saw $48.1 million in inflows. Ethereum ETFs logged $788M in net outflows over the past week, with zero inflows recorded, while Bitcoin ETFs attracted $246M (CryptoGucci). This marked the first sustained ETH ETF outflow streak since July 2025. The outflow reflects institutional risk aversion and capital rotation toward Bitcoin, which has stronger ETF momentum (BTC dominance rose to 57.13%). Reduced ETF demand removes key price support for ETH, particularly after its 86% 90-day rally. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-XvnkdVHVqoILVmx7YLcltKi3g1f">Altcoins</h3> 
 <div class="ace-line ace-line old-record-id-CvfRdIDC2oCFAZx2lNLlCIpEgAf">
   Most major altcoins saw slight gains today, with the market trending toward a "neutral/slightly buy" stance amid cautious optimism. Amidst a slight decline in Bitcoin's dominance rate, some funds are flowing from Bitcoin into altcoins with application and utility, such as Ethereum and Solana. Today's crypto market Fear and Greed Index stands at 52, remaining in neutral territory, indicating neither excessive panic nor extreme greed. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-ZmYjdAL1aoZH7YxEMa1lgsAlgCh">Macro Data</h3> 
 <div class="ace-line ace-line old-record-id-QHAZdub7yoUG5zx807nl8KuGgWB">
   Central bank decisions, particularly by the U.S. Federal Reserve, on interest rates significantly impact the crypto market. Higher Rates: Historically, rising interest rates reduce market liquidity, increase borrowing costs, and make traditional investments more attractive, potentially leading to lower investment in riskier assets like cryptocurrencies. This trend was observed in 2022 when crypto prices struggled amid rising rates. Lower Rates: Conversely, lower interest rates can increase liquidity, reduce borrowing costs, and boost investor risk appetite, potentially driving more capital into cryptocurrencies. The expectation of lower rates can also positively influence crypto prices. Gold is currently trading at $3,652.44, up 0.21%. On September 19, the S&amp;P 500 gained 0.48% to 6,631.96 points; the Dow Jones Industrial Average gained 0.27% to 46,142.42 points; and the Nasdaq Composite Index gained 0.97% to 22,470.73 points. 
 </div> 
 <div class="ace-line ace-line old-record-id-FS4UdX4vjovS8dxXka0lOcVpgMc">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-LW8Mdha5eon4uYxfRGgl4givgJB">Trending Tokens</h2> 
 <h3 class="heading-3 ace-line old-record-id-CDrada92So9Q4yxhTvsltK9Wglg">TWT Trust Wallet Token (+40.86%, Circulating Market Cap: $480.99 Million)</h3> 
 <div class="ace-line ace-line old-record-id-WVyodgzbOoJ7ywxkW1olw5JDgUd"> 
  <a href="https://www.coincatch.com/en/spot/TWTUSDT" rel=" nofollow">TWT</a> is trading at $1.11, up approximately 40.86% in the past 24 hours. Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on Ethereum, Binance and 
  <a href="https://www.coincatch.com/en/spot/TRXUSDT" rel=" nofollow">TRON</a> blockchains. Trust Wallet’s FlexGas update lets users pay Ethereum/BNB gas fees with TWT, USDT, or USDC (Trust Wallet). Over $36.9M in daily swap volume was reported on August 19, 2025. 
 </div> 
 <div class="ace-line ace-line old-record-id-OxUWdN6J7oZxvxxWA7wl0H2KgEe">
   Direct utility for TWT reduces reliance on holding native tokens (e.g., ETH), increasing transactional demand. This aligns with Trust Wallet’s focus on self-custody and user growth (200M+ users). 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-NpCmdLViko2NVMxfZTulFM1bgyh">FTT FTX Token (+20.68%, Circulating Market Cap: $322.35 Million)</h3> 
 <div class="ace-line ace-line old-record-id-U4xodmr7gorPP2xBfGElc7wtgmf"> 
  <a href="https://www.coincatch.com/en/spot/FTTUSDT" rel=" nofollow">FTT</a> is trading at $0.9801, up approximately 20.68% in the past 24 hours. FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019. On Nov. 11, 2022, FTX filed for Chapter 11 bankruptcy protection in the U.S., and is currently undergoing proceedings. Some of the information below may not reflect the current standings of the FTX exchange. FTX announced a $1.9B creditor payout starting September 30 (FTX Recovery Trust), with 98% of claimants expected to recover 119%+ of their original claims. While repayments reduce sell pressure from creditors, FTT itself isn’t part of the distribution. The rally likely reflects speculative bets on FTX-linked sentiment rather than direct token utility. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-ARoZdv2qBoN5IyxrHuClPUNMgOf">IMX Immutable (+14.72%, Circulating Market Cap: $1.7 Billion)</h3> 
 <div class="ace-line ace-line old-record-id-TLMwdeNDYoAnHJx2wsTlQ2XCgzf"> 
  <a href="https://www.coincatch.com/en/futures/usdt/IMXUSDT" rel=" nofollow">IMX</a> is trading at $0.8778, up approximately 14.72% in the past 24 hours. Immutable positions itself as the first layer-two scaling solution for NFTs on 
  <a href="https://www.coincatch.com/en/spot/ETHUSDT" rel=" nofollow">Ethereum</a>. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. Immutable announced partnerships with Netmarble (September 11) and major Web2 franchises (September 15), aiming to onboard millions of non-crypto gamers. The ecosystem now hosts 660+ games and 5.6M users, up 40% QoQ. These deals position IMX as a gateway for traditional gaming studios to enter Web3, potentially driving transaction fee revenue and staking demand. The September 25 launch of the $1M Call of Myth tournament on Immutable zkEVM adds near-term visibility. 
 </div> 
 <div class="ace-line ace-line old-record-id-YzW0dspl4oP23sx2RKul96k0g9c">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-P8N2dwRsIoljyQxOZ7TlUFM5gze">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-LtW4dQB9ooUbL5xPweGlK3Scgie">Market News</h2> 
 <h3 class="heading-3 ace-line old-record-id-Q8eHdjdUxoiNxexBXgvlXuLdgge">The MASK Token Is Coming: Consensys CEO Says MetaMask’s Native Cryptocurrency Is on Its Way</h3> 
 <div class="ace-line ace-line old-record-id-Cs3vd9kcpolL6KxncWxl6rvPgGc">
   Ethereum co-founder and Consensys CEO Joseph Lubin said that MetaMask will be launching its much-anticipated native token in the near future. "The MASK token is coming — It may come sooner than you would expect right now," Lubin said during an interview on The Block's "The Crypto Beat" podcast. "And it is significantly related to the decentralization of certain aspects of the MetaMask platform." Lubin explained that Consensys is actively supporting the Ethereum ecosystem's direction of progressive decentralization, and that it is using MetaMask, Infura and Linea to ensure that "rigorous" decentralization remains at the center of the ecosystem. 
 </div> 
 <div class="ace-line ace-line old-record-id-KIOtduhqio7F51xglG3l7dgkgLd">
   For years, the crypto community has been closely watching whether the most popular Ethereum wallet will launch its native cryptocurrency, an idea that dates back to at least 2021, when MetaMask engineer Erik Marks suggested the concept of community ownership of the wallet through a token launch. 
 </div> 
 <div class="ace-line ace-line old-record-id-TGm4dGiHvoaE7ux26cdlVW6zgYf">
   While Finlay said at the time the token launch was still a "maybe," Lubin's comments on The Crypto Beat on Thursday indicate that the MASK launch plan is concrete and near. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-M7gvd9wkUoooiJxdWmElQq5ygYc">Forward Industries to Raise $4 Billion for Solana Acquisition</h3> 
 <div class="ace-line ace-line old-record-id-Bvv6dMDIqoG7AsxdkbilG7img3K">
   Nasdaq-listed Forward Industries has submitted a prospectus to the SEC, announcing plans to sell $4 billion in shares. The proceeds will be used, among other things, to bolster its Solana reserves. 
 </div> 
 <div class="ace-line ace-line old-record-id-Xv60dXkf3o6xVpx8zetlROdUgnh">
   According to the statement, the flexible securities issuance mechanism will allow the firm to gradually sell them through Cantor Fitzgerald without fixed volume commitments. In addition to purchasing SOL, Forward Industries will use the funds to increase working capital and invest in income-generating assets. 
 </div> 
 <div class="ace-line ace-line old-record-id-NUmVdhqGToym2ixiOaclAeADgtc">
   The company holds 6.8 million SOL worth $1.6 billion, which it acquired through a private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital in early September. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-ONLBdqUNooAffwxC6rXla0R9gIe">The Tether-Backed Stablecoin Project Plasma Will Launch Its Mainnet Beta Version and TGE on September 25</h3> 
 <div class="ace-line ace-line old-record-id-PyY5dLd5potY8vxzIoglvPdggHh">
   Plasma has launched its mainnet beta with $2 billion in active stablecoin liquidity and over 100 integrated DeFi partners. The Layer 1 blockchain also introduced its native token, XPL, and aims to power global stablecoin payments. This launch positions Plasma as the eighth-largest blockchain by stablecoin liquidity from the first day. 
 </div> 
 <div class="ace-line ace-line old-record-id-JsqRdr9t1oIfpKxbezOlryDPgYe">
   Plasma began operations with over $2 billion in stablecoins distributed across platforms including Aave, Euler, Ethena, and Fluid. This deployment enables instant DeFi utility such as borrowing, savings, and deep liquidity for USD₮. Moreover, the network supports zero-fee USD₮ transfers via authorization-based routing through its new PlasmaBFT consensus layer. 
 </div> 
 <div class="ace-line ace-line old-record-id-TIVEdfFkooJDNGxqZo9lugoUgMb">
   The protocol targets efficient, high-speed stablecoin movement to support payments, FX and merchant transactions worldwide. These features reflect Plasma’s strategy to position itself as the go-to rail for digital dollar use cases. Initially, zero-fee transfers apply only to Plasma products but will expand to third-party applications. 
 </div> 
 <div class="ace-line ace-line old-record-id-HjY5daTUqoNhBsxs9iElGuMCgfe">
   PlasmaBFT’s architecture focuses on throughput, composability and low costs to support global-scale financial usage. The chain connects to physical cash networks to support merchant access, peer-to-peer payments, and on/off-ramp integration. As stablecoin regulation advances, Plasma says its framework is aligned for compliance and real-world adoption. 
 </div> 
 <div class="ace-line ace-line old-record-id-Z3IbdEXAQoYFmpxMBt1lBQDXgzc">
   &nbsp; 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-R0c9dN9VxoIZ6nx7F6Ll6zFxgcc">Reference:</h3> 
 <div class="ace-line ace-line old-record-id-RqVPd7znfoiqAHx5tTYllK1Cgni">
   CoinMarketCap. (n.d.). 
  <em>CoinMarketCap</em>. 
  <a href="https://coinmarketcap.com/" rel=" nofollow">https://coinmarketcap.com</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-LP75dm53HoFbG4xE53dlzOqagIf">
   Farside Investors. (n.d.-a). 
  <em>Bitcoin</em>. 
  <a href="https://farside.co.uk/btc/" rel=" nofollow">https://farside.co.uk/btc/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-XRFkdjeOIohsBlx4BWqlXz8Agih">
   Farside Investors. (n.d.-b). 
  <em>Ethereum</em>. 
  <a href="https://farside.co.uk/eth/" rel=" nofollow">https://farside.co.uk/eth/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-HsHHd0rY6ouXpFxYBNhlP3lPgRb"> 
  <a href="https://investing.com/" rel=" nofollow">Investing.com</a>. (n.d.-a). 
  <em>USA Indices</em>. 
  <a href="https://investing.com/indices/usa-indices" rel=" nofollow">https://investing.com/indices/usa-indices</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-HFmYdmK9KomjdhxFZ6JlcnYtgVb">
   GoldPrice.org. (n.d.). 
  <em>Spot gold price today</em>. 
  <a href="https://goldprice.org/spot-gold.html" rel=" nofollow">https://goldprice.org/spot-gold.html</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-W0SfdZHAkoqZEyxmEHOleXx1gQh">
   The Block Research. (2025, September 18). 
  <em>Consensys' Joe Lubin confirms MetaMask token is coming 'sooner than you think'</em>. The Block. 
  <a href="https://www.theblock.co/post/371374/consensys-joe-lubin-confirms-metamask-token" rel=" nofollow">https://www.theblock.co/post/371374/consensys-joe-lubin-confirms-metamask-token</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-VtTTddvCeo6kaoxFpZdlnsd2gcd">
   ForkLog. (2025, September 17). 
  <em>Forward Industries to raise $4 billion for Solana acquisition</em>. 
  <a href="https://forklog.com/en/forward-industries-to-raise-4-billion-for-solana-acquisition/" rel=" nofollow">https://forklog.com/en/forward-industries-to-raise-4-billion-for-solana-acquisition/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-WnZCdAHLJo5iguxB309lFXB0gwg">
   Van, T. (2025, September 18). 
  <em>Plasma mainnet beta launches with $2B stablecoin liquidity and XPL token</em>. CoinCentral. 
  <a href="https://coincentral.com/plasma-mainnet-beta-launches-with-2b-stablecoin-liquidity-and-xpl-token/" rel=" nofollow">https://coincentral.com/plasma-mainnet-beta-launches-with-2b-stablecoin-liquidity-and-xpl-token/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-PhqTdoQzNoaLUZxNFJNlVKVTg5f">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-LKwudMaH3o9Rqbxju5albtCTgkf">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-AT5jdxMLnoAWV6xTZBclG2Q1gye"> 
  <strong>CoinCatch Team</strong> 
 </div> 
 <div class="ace-line ace-line old-record-id-RCt9dBUPjoMUllxayc8l45Kpgrc">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-ZDIfd31Nuot4gpxCCkglZhkFgGd"> 
  <u><a href="https://x.com/coincatchcom" rel=" nofollow">Follow us on X(Twitter)</a></u> 
 </div> 
 <div class="ace-line ace-line old-record-id-FbBpdbMQUojTRuxT4s1lgasngYe"> 
  <u><a href="https://t.me/coincatch_chat_en" rel=" nofollow">Join us on Telegram</a></u> 
 </div> 
 <div class="ace-line ace-line old-record-id-KdwSdxiGEoHbjJxKGrilOzUqgfe"> 
  <u><a href="https://www.instagram.com/coincatch_official/" rel=" nofollow">Follow us on Instagram</a></u> 
 </div> 
 <div class="ace-line ace-line old-record-id-QLBEdrQY7oqsmTxAVQXlvtEWg8c">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-Eo1PdPXkWoipMax8ySMl13Uhgpc"> 
  <em>Disclaimer:</em> 
 </div> 
 <div class="ace-line ace-line old-record-id-Gcmidv8g3ogifIxr2y6lFPFNgmb"> 
  <em>Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.</em> 
 </div> 
</div>

https://img.coincatch.cc/multiLang/web/7d062a94df070c25ade714af67500dd2.png

CoinCatch Market Daily Report (September 19, 2025)

<div> 
 <div class="ace-line ace-line old-record-id-BdE8dh70voRGUoxSLWslCDRFgSc"> 
  <em>The stablecoin market, valued at over </em> 
  <em><strong>$284 billion</strong></em> 
  <em>, has just welcomed a groundbreaking new participant. On </em> 
  <em><strong>September 15, 2025</strong></em> 
  <em>, MetaMask, the world's leading self-custodial cryptocurrency wallet, launched </em> 
  <em><strong>MetaMask USD (mUSD)</strong></em> 
  <em>, its native stablecoin. This isn't just another dollar-pegged token; it represents a strategic shift towards integrated financial services within wallet ecosystems and marks the first time a major self-custodial wallet has ventured into native stablecoin issuance. The launch comes at a pivotal moment, following regulatory clarity provided by the </em> 
  <em><a href="https://www.coincatch.com/en/academy/181" rel=" nofollow">U.S. GENIUS Act</a></em> 
  <em>, and signals MetaMask's ambition to evolve beyond a simple wallet into a comprehensive </em> 
  <em><strong>DeFi super application</strong></em> 
  <em>.</em> 
 </div> 
 <div class="ace-line ace-line old-record-id-CnqMd7xfYobDpoxS0wwlEWz8gYc"> 
  <img src="https://img.coincatch.cc/multiLang/web/9317496726c669635050316f6e84ba50.png" width="800"> 
 </div> 
 <div class="ace-line ace-line old-record-id-CnqMd7xfYobDpoxS0wwlEWz8gYc" style="text-align: center;"> 
  <em>mUSD Chart. Source: MetaMask</em> 
 </div> 
 <div class="ace-line ace-line old-record-id-CnqMd7xfYobDpoxS0wwlEWz8gYc">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-DnJndGojvofuaZxgV1yl0Sgigkf">A New Era of Wallet-Native Stablecoins</h2> 
 <div class="ace-line ace-line old-record-id-EAENdbWimoowfaxkcrYlUjO8gBg">
   MetaMask USD (mUSD) is designed from the ground up for seamless integration within the MetaMask ecosystem. Unlike existing stablecoins that operate independently of wallets, mUSD is 
  <strong>natively woven into</strong> MetaMask's core functionality, including its 
  <strong>Swap</strong> and 
  <strong>Bridge</strong> features. This deep integration allows over 
  <strong>100 million MetaMask users</strong>worldwide to access low-cost fiat on-ramps, execute swaps, and conduct cross-chain transactions without ever leaving the wallet interface. 
 </div> 
 <div class="ace-line ace-line old-record-id-HX2Bdr2x1ojnzixveABlyvLagqb">
   The initial launch supports both the 
  <strong><a href="https://www.coincatch.com/en/spot/ETHUSDT" rel=" nofollow">Ethereum</a></strong> 
  <strong> mainnet</strong> and 
  <strong><a href="https://www.coincatch.com/en/futures/usdt/LINEAUSDT" rel=" nofollow">Linea</a></strong>, Consensys's Layer-2 scaling solution. This dual-chain approach ensures broad compatibility while positioning mUSD as a foundational asset for the growing Linea 
  <a href="https://www.coincatch.com/en/academy/80" rel=" nofollow">DeFi</a> ecosystem, where it is expected to fuel protocol growth and increase total value locked (TVL). 
 </div> 
 <div class="ace-line ace-line old-record-id-LeZIdPzFuoTrF2xQTY4lopTjg3f">
   Currently, the MetaMask official website has provided an interface for purchasing and exchanging mUSD. Less than 24 hours after mUSD went online, according to 
  <u><a href="https://etherscan.io/token/0xaca92e438df0b2401ff60da7e4337b687a2435da" rel=" nofollow">Etherscan data </a></u>. As of the time of writing, the current circulating supply of mUSD is 49.41 million, of which 545 holders have held the currency and 5,109 transactions have been completed. 
 </div> 
 <div class="image-uploaded gallery old-record-id-AwpZdUD5coiv9QxyYkflFeuPghb"> 
  <img src="https://img.coincatch.cc/multiLang/web/2e852d72c56ba953b375ebda12811fc9.png" width="800"> 
 </div> 
 <div class="ace-line ace-line old-record-id-BPWkd6ZRCo3k32xebZUl4PtXgYf" style="text-align: center;"> 
  <em>Overview of mUSD token. Source: Etherscan</em> 
 </div> 
 <div class="ace-line ace-line old-record-id-BPWkd6ZRCo3k32xebZUl4PtXgYf">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-Pe7PdeVAwo2wC4xSKGdlQuELg6b">The Tripartite Model: Architecture and Key Partners</h2> 
 <div class="ace-line ace-line old-record-id-EuzPdOnZaodNFMxOn3TlVHCjgih">
   MetaMask's innovative approach to mUSD involves a collaborative tripartite model that leverages the strengths of specialized partners for issuance, compliance, and technological infrastructure. 
 </div> 
 <div class="ace-line ace-line old-record-id-MHbqdOI6No2hIoxBeWnlRKaOgae"> 
  <strong>Bridge (A Stripe Company): The Regulated Issuer</strong> 
 </div> 
 <div class="ace-line ace-line old-record-id-D9r8dZSTvopM5ExsR5Kl2TkugGf">
   Bridge, acquired by payment giant Stripe for 
  <strong>$1.1 billion</strong> in 2024, serves as the regulated entity responsible for mUSD issuance. It handles the critical functions of 
  <strong>compliance, monitoring, and reserve management</strong>, ensuring that every mUSD token is backed 1:1 by highly liquid dollar-equivalent assets like cash and short-term U.S. Treasuries. Bridge's technology dramatically reduced the development and integration time for mUSD, compressing a process that traditionally took over a year into just a few weeks. 
 </div> 
 <div class="ace-line ace-line old-record-id-DwBhdWpVPotNcYxnSjTlAj12gPb"> 
  <strong>M0: The Programmable Infrastructure Layer</strong> 
 </div> 
 <div class="ace-line ace-line old-record-id-XZJgdeXisoUekmxJgsNlREkTgRc">
   M0 provides the decentralized technical infrastructure that powers mUSD's on-chain operations. Its platform separates reserve management from programmability, allowing developers to define rules for minting, burning, and transferring tokens while enabling customization for new revenue streams and loyalty opportunities. M0, which raised 
  <strong>$40 million</strong>in late August 2025, also implements a 
  <strong>real-time </strong> 
  <strong><a href="https://www.coincatch.com/en/academy/241" rel=" nofollow">proof-of-reserves</a></strong> mechanism, allowing users to transparently verify that mUSD's circulating supply is fully backed at all times. 
 </div> 
 <div class="image-uploaded gallery old-record-id-Egzkd4rI2ocTxLxFyO4lmMLHg7c"> 
  <img src="https://img.coincatch.cc/multiLang/web/a89fffb6bfdfc65c655714d148c6ae54.png" width="800"> 
 </div> 
 <div class="ace-line ace-line old-record-id-E9RWdPdDSoEyAVxNSnIlhHRlgbf" style="text-align: center;"> 
  <em>The overcollateralization ratio is approximately 102%. Source: Dashboard</em> 
 </div> 
 <div class="ace-line ace-line old-record-id-BSlbdzRPzoYNV7xwmGllKdKHguv">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-KQtLdGJ07o2x5xxy0RllvkeGgAg"> 
  <strong>MetaMask: The Ecosystem Integrator</strong> 
 </div> 
 <div class="ace-line ace-line old-record-id-K87pdyoEIoEqK8x3tmHl1t5sgUd">
   MetaMask's role is to seamlessly embed mUSD into its wallet experience for its massive user base. It manages the user-facing elements, including purchasing, swapping, and soon, spending via the MetaMask Card. 
 </div> 
 <div class="ace-line ace-line old-record-id-GGqad9pWGoZbLTxk0HplJWSsgKc">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-UYkzdyZ7RorVfkxxEa4lbFghgQc">Strategic Positioning and Target Applications</h2> 
 <div class="ace-line ace-line old-record-id-K63od3bH6o5vpfxKDhKlihbdgSb">
   mUSD is strategically positioned as a high-utility stablecoin within two primary spheres: the digital blockchain environment and the physical world of everyday commerce. 
 </div> 
 <div class="ace-line ace-line old-record-id-OE8QdBPu1oM8VaxsutIlTP1fg8f"> 
  <strong>On-Chain Utility:</strong> Within web3, mUSD aims to be the default dollar-denominated asset for trading, lending, borrowing, and transacting across decentralized applications (dApps) in the MetaMask ecosystem. Its native integration eliminates the need to bridge external stablecoins, reducing friction and costs for users. 
 </div> 
 <div class="ace-line ace-line old-record-id-GURZdFd3XoT12Ex9lDpliSZpg9b"> 
  <strong>Real-World Payments:</strong> A cornerstone of mUSD's strategy is its integration with the 
  <strong>MetaMask Card</strong>. By the end of 2025, holders will be able to spend their mUSD directly at over 
  <strong>150 million merchants</strong> worldwide that accept Mastercard. This functionality bridges the gap between digital assets and traditional finance, offering a practical use case for cryptocurrencies in daily life. 
 </div> 
 <div class="ace-line ace-line old-record-id-BBkeduqr7oA98txW1oQlTBISgCc">
   Gal Eldar, Product Manager at MetaMask, stated this integration is "a key step in bringing the world on-chain" and helps "break down some of the most stubborn obstacles in web3, reducing entry friction and costs for users.". 
 </div> 
 <div class="ace-line ace-line old-record-id-WAPHdKZMco3UETxQQJKlrqyYgPe">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-FsUKd2W9noaWyOxeSoBlgjwKgPd">Reserve Mechanism and Transparency</h2> 
 <div class="ace-line ace-line old-record-id-NdsTddaZZoyeS1xSKOLl7dnKghb">
   Trust in a 
  <a href="https://www.coincatch.com/en/academy/190" rel=" nofollow">stablecoin</a> is paramount, and mUSD addresses this through a commitment to transparency and robust collateralization. 
 </div> 
 <div class="ace-line ace-line old-record-id-OLxjd9N1Jo46jLx6LcElYOWEgrf">
   The reserve mechanism is designed for stability and auditability. mUSD employs an 
  <strong>over-collateralization model</strong>. At launch, the collateral value ( 
  <strong>$24,814,938</strong>) exceeded the circulating supply ( 
  <strong>$24,318,639</strong>), resulting in an over-collateralization ratio of approximately 
  <strong>102%</strong>. The system also maintains a 
  <strong>stability reserve</strong> of nearly $500,000 as an additional buffer against market volatility. 
 </div> 
 <div class="ace-line ace-line old-record-id-MVk9dwnxfo8dRMx9iQjl0pcRgQU">
   The collateral backing mUSD consists exclusively of 
  <strong>highly liquid, low-risk assets</strong> such as U.S. Treasury bonds. Furthermore, M0's infrastructure provides real-time, on-chain verification of reserves, moving beyond traditional periodic audit reports to offer continuous transparency. 
 </div> 
 <div class="ace-line ace-line old-record-id-EorYd4jqKonezXxaBskl5d4egzb">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-C1Xhd62wBoYFSAxSBgWl8QztgVc">Fueling the Ascent of Linea and MetaMask's Super App Ambitions</h2> 
 <div class="ace-line ace-line old-record-id-HP3VdV4MxosavwxKm8ClGf2qgXi">
   The launch of mUSD is more than a product release; it's a strategic move in a competitive market. Recent data indicates a dip in MetaMask's monthly active users, with its market share among wallets falling to 
  <strong>14.8%</strong>. Meanwhile, established DeFi protocols like Uniswap and Aave are evolving into multi-functional super applications. 
 </div> 
 <div class="ace-line ace-line old-record-id-PWMBdoZPdouYJrxKoodlDbwQgVC">
   mUSD represents a direct response to this competitive pressure. By launching its stablecoin, MetaMask aims to: 
 </div> 
 <div class="ace-line ace-line old-record-id-AwDhdmvPAoFRklxtu80lm1fKgnb"> 
  <strong>Increase Ecosystem Loyalty:</strong> Keeping users within the MetaMask ecosystem for all their financial activities, from managing funds to spending them. 
 </div> 
 <div class="ace-line ace-line old-record-id-T4Rid5CT7ov3fqxIoPglwBJcgue"> 
  <strong>Capture New Value:</strong> potentially generating revenue through means such as interest in reserve assets or ecosystem fees. 
 </div> 
 <div class="ace-line ace-line old-record-id-UJqpdIjbfoTTHkx7ocYlAxJggXe"> 
  <strong>Boost Linea's Growth:</strong> As a foundational asset on Linea, mUSD is expected to attract liquidity and drive the growth of DeFi protocols on the network, increasing its overall TVL and activity. 
 </div> 
 <div class="ace-line ace-line old-record-id-LonidAwcZozwlzxXPtKlgiS0gEh">
   This initiative is a critical component of MetaMask's transformation from a 
  <strong>tool</strong> into a 
  <strong>destination, </strong>a comprehensive super application for DeFi and beyond. 
 </div> 
 <div class="ace-line ace-line old-record-id-TNAjdej9OoG7TYxsbAIluOXsgjh">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-XHR3dksqpozXFmxGm6LlorzXg4e">Future Outlook and Conclusion</h2> 
 <div class="ace-line ace-line old-record-id-LQlKdagMvo5FX9xPaDllLVhNgXc">
   The future roadmap for mUSD includes expansion across several dimensions. 
  <strong>Wormhole</strong> has been confirmed as an interoperability partner to facilitate mUSD's expansion to multiple blockchain ecosystems, enhancing its liquidity and utility across DeFi. Furthermore, while not yet active for mUSD, MetaMask has previously explored 
  <strong>savings and yield-earning features</strong> for stablecoins, suggesting that native yield-bearing options for mUSD could be a likely future development. 
 </div> 
 <div class="ace-line ace-line old-record-id-CvLpd1XcIoRSFMxmAgcl9q4xgg2">
   In a recent interview, Consensys CEO 
  <strong>Joe Lubin</strong> hinted at even broader ambitions for the MetaMask ecosystem, stating that a native MetaMask token is coming and might arrive "sooner than you expect". This suggests that mUSD could be a foundational element in a much larger token-based economic system within the wallet. 
 </div> 
 <div class="ace-line ace-line old-record-id-XBe1dKIjwoJVt3xiLFdlS27egLc">
   &nbsp; 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-F0Fad6lkto4AF0xotVcldb1rgKd">Conclusion</h3> 
 <div class="ace-line ace-line old-record-id-KrHrd5k7Ooob85x0aNBlJBPJgfM">
   MetaMask's launch of mUSD is a watershed moment for the integration of stablecoins and wallet services. By leveraging a unique tripartite model with Bridge and M0, MetaMask has introduced a stablecoin that is deeply integrated, transparently backed, and poised for both digital and real-world use. 
 </div> 
 <div class="ace-line ace-line old-record-id-XWF5d0kfcouCLrxt1WxlukYWggh">
   Beyond competing in the vast stablecoin market, mUSD is a strategic gambit to solidify MetaMask's position as a central hub in the crypto economy. It accelerates the convergence of decentralized finance and traditional payment rails, potentially onboarding millions to a new financial paradigm where the wallet is not just a gateway but the foundation for a seamless, unified economic experience. 
 </div> 
 <div class="ace-line ace-line old-record-id-QmQhdd75Do17o9xWBjjleHkUgmq">
   &nbsp; 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-K5dsdHuteoWVkNxX6x8lsVJhgmd">References:</h3> 
 <div class="ace-line ace-line old-record-id-BQH5dZb1GoWHjFxzXCOl06QNgIb">
   MetaMask. (n.d.). 
  <em>MetaMask (USD) price page</em>. 
  <a href="https://metamask.io/price/metamask-usd" rel=" nofollow">https://metamask.io/price/metamask-usd</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-SFfOdp29MoFAYFxTNQzltg2NgBc">
   Etherscan. (n.d.). 
  <em>Token page for 0xaca92e438df0b2401ff60da7e4337b687a2435da</em>. 
  <a href="https://etherscan.io/token/0xaca92e438df0b2401ff60da7e4337b687a2435da" rel=" nofollow">https://etherscan.io/token/0xaca92e438df0b2401ff60da7e4337b687a2435da</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-KvzxdtmReo1hhcxmyNnlrc1Kgod">
   Genfinity. (2025, September 15). 
  <em>MetaMask Makes History with Launch of mUSD Stablecoin</em>. 
  <u><a href="https://genfinity.io/2025/09/15/metamask-launches-musd-stablecoin/" rel=" nofollow">https://genfinity.io/2025/09/15/metamask-launches-musd-stablecoin/</a></u> 
 </div> 
 <div class="ace-line ace-line old-record-id-Tauxd2UoEo23Y9x2fw0llrLBgLd">
   The Block. (2025, September 19). 
  <em>Consensys CEO: MetaMask token is coming, and probably "sooner than you expect"</em>. PANews. 
  <u><a href="https://kr.panewslab.com/sqarticledetails/2353b7c6-a6ab-4b69-a393-f36fbd54d5d5.html" rel=" nofollow">https://kr.panewslab.com/sqarticledetails/2353b7c6-a6ab-4b69-a393-f36fbd54d5d5.html</a></u> 
 </div> 
 <div class="ace-line ace-line old-record-id-AsnMdsrxzoZCqJxDuRplxdPHg2b">
   BingX Academy. (2025, September 16). 
  <em>MetaMask Launches mUSD Stablecoin Amid Stablecoin Surge</em>. 
  <u><a href="https://bingx.com/en/learn/what-is-metamask-musd-stablecoin-how-does-it-work" rel=" nofollow">https://bingx.com/en/learn/what-is-metamask-musd-stablecoin-how-does-it-work</a></u> 
 </div> 
 <div class="ace-line ace-line old-record-id-KRAadS49do352zxkExPl50X7gph">
   Coinspeaker. (2025, September 15). 
  <em>MetaMask Launches Native Stablecoin mUSD, Ethereum Price Stabilizes at $4,495</em>. 
  <u><a href="https://www.coinspeaker.com/metamask-launches-native-stablecoin-musd-ethereum-price-stabilizes-at-4495/" rel=" nofollow">https://www.coinspeaker.com/metamask-launches-native-stablecoin-musd-ethereum-price-stabilizes-at-4495/</a></u> 
 </div> 
 <div class="ace-line ace-line old-record-id-H90qdnnUHoSNKWxoFoolErQdgie"> 
  <u><a href="https://gate.io/" rel=" nofollow">Gate.io</a></u>. (2025, September 17). 
  <em>MetaMask’s mUSD Stablecoin: All You Need to Know</em>. BSCN on Gate Square. 
  <u><a href="https://www.gate.com/news/detail/13828284" rel=" nofollow">https://www.gate.com/news/detail/13828284</a></u> 
 </div> 
 <div class="ace-line ace-line old-record-id-H90qdnnUHoSNKWxoFoolErQdgie">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-H90qdnnUHoSNKWxoFoolErQdgie">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-H90qdnnUHoSNKWxoFoolErQdgie">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-H90qdnnUHoSNKWxoFoolErQdgie"> 
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Introducing mUSD: The First Native Stablecoin of MetaMask

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Things You Should Know Before Starting to Trade Futures

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CoinCatch Weekly Market Review & Outlook (September 12–18)

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BNB Price Prediction: Analyzing the Path to $1,200 Amid Record-Breaking Rally

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The BITCOIN Act: The US's Strategic Move Toward Crypto Reserve

<div> 
 <div class="ace-line ace-line old-record-id-QvGpdD2MhosoctxyPp7lj3gKgZd">
   On September 17, after breaking through $116,900, Bitcoin is now trading at $111,277, with a strong short-term trend; ETH is trading at $4,326 and is still in a volatile consolidation phase; most altcoins have risen slightly, the Fear and Greed Index is at 54, and market sentiment is neutral.Meanwhile, Sui rose nearly 4% over the past 24 hours after being selected as a launch partner for Google’s new Agentic Payments Protocol (AP2); Asset management firm Bitwise has put forward an exchange-traded fund proposal that focuses on tokenization, as interest in that sector surges; The Federal Reserve will announce its interest rate decision at 18:00 UTC. 
 </div> 
 <div class="ace-line ace-line old-record-id-YN5Vd7NcxonKbdx7DR5lAUI8g0g">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-V67gdkfdGos9o3xKQPFlkgkQg1d">Crypto Market Overview</h2> 
 <h3 class="heading-3 ace-line old-record-id-GsQhd6DXHo23xkxirxllfl1Mgde"><a href="https://www.coincatch.com/en/spot/BTCUSDT" rel=" nofollow">BTC</a> (+1.18% | Current Price: $117,170.03)</h3> 
 <div class="ace-line ace-line old-record-id-LZgtdoChoo9sPEx750Vl5Jc6gIg">
   After several days of sideways fluctuations, BTC saw a significant surge on September 17th, briefly breaking through the $117,000 mark and reaching a high of $117,234. Trading volume surged during the breakout, indicating active buying. If the price can stabilize above $117,000, there's a chance it could continue to test the resistance zone of $118,000 or even higher in the short term. However, be mindful of the risks of chasing high prices. If the price falls back below $116,000 and trading volume decreases, a short-term pullback and consolidation is possible. Overall, the trend remains strong, so it's advisable to manage positions and avoid chasing high prices. On September 16th, BTC ETFs saw a net inflow of $292.3 million, including $209.2 million into BlackRock's IBIT and $45.8 million into Fidelity's FBTC, indicating that institutional funds are increasing their Bitcoin holdings and strengthening their allocation to the asset. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-Lrchd5Ef3oVTKqxa3GVlXVL4gse"><a href="https://www.coincatch.com/en/spot/ETHUSDT" rel=" nofollow">ETH</a> (-0.71% | Current Price: $4,538.64)</h3> 
 <div class="ace-line ace-line old-record-id-IEkrdPBZUoIba4xKyfMlV7vegue">
   Since its recent decline from a high of $4,738, ETH has continued its downward trend, reaching a low of $4,424. While the current price shows signs of stabilization, it remains hovering near key moving averages. Trading volume has declined compared to previous periods, indicating a growing wait-and-see sentiment in the market. If it can successfully break through and stabilize above $4,550, it could gradually recover its decline and re-test the $4,700 resistance level. However, a break below $4,450 support could signal renewed weakness, and short-term traders should be wary of the risk of a second dip. The overall trend remains volatile and weak, and monitoring trading volume is crucial. On September 16th, ETH ETFs saw a net outflow of $61.7 million, with BlackRock ETHA saw an out flow of 21.4 million and Fidelity FETH saw $48.1 million in outflows. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-OCb4dJWy8oWPblxwsyWlI1Jggsh">Altcoins</h3> 
 <div class="ace-line ace-line old-record-id-Kvrrd49Fpo87aGxSnnRlXtv4gcb">
   Most major altcoins maintained slight gains, with market sentiment primarily neutral or buy. The Fear &amp; Greed Index, at 51 today, remained in the neutral range, indicating a balanced market with neither strong bullish nor bearish sentiment. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-NkZ4d2Y0Fovh3NxzzwSl4BM7goc">Macro Data</h3> 
 <div class="ace-line ace-line old-record-id-FDmNdT7qaoXPEBxqV90lwjeNgtb">
   Potential Federal Reserve rate cuts could increase investor appetite for alternative assets, potentially driving Bitcoin towards $150,000–$200,000 and Ethereum towards $5,800–$8,000 by year-end. Lower interest rates can make non-yielding assets like gold and potentially crypto more attractive. Gold futures prices are currently showing a slight decrease. Gold continues to be influenced by global economic conditions and its role as a safe-haven asset. Gold is currently trading at $3,674.51, down 0.38%. On September 16, the S&amp;P 500 fell 0.13% to 6,606.76 points; the Dow Jones Industrial Average fell 0.27% to 45,757.90 points; and the Nasdaq Composite Index fell 0.066% to 22,333.96 points. 
 </div> 
 <div class="ace-line ace-line old-record-id-OQ41dJO1moZUZrxOrPhlCWYIgud">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-ZV7LdNYlzom36KxarLjlhW4zg1e">Trending Tokens</h2> 
 <h3 class="heading-3 ace-line old-record-id-JHMydVcpmojMjoxaPnYlMsBagJb">BROCOLLI CZ' Dog (+18.97%, Circulating Market Cap: $26.95 Million)</h3> 
 <div class="ace-line ace-line old-record-id-TuvYdhVPto3UfDxRqnflJRISgVb"> 
  <a href="https://www.coincatch.com/en/spot/BROCCOLIUSDT" rel=" nofollow">BROCCOLI</a> is trading at $0.03050, up approximately 18.97% in the past 24 hours. CZ’s Dog (BROCCOLI) is a community-driven token on the BNB Chain, originally inspired by Binance founder Changpeng Zhao’s (CZ) pet. It emphasizes decentralized governance, charitable initiatives, and fostering engagement within its ecosystem. BROCCOLI’s price surged above its 7-day SMA ($0.0269) and 30-day EMA ($0.0268), with RSI7 at 70.88 (overbought threshold: 70) signaling short-term bullish momentum. The MACD histogram turned positive (+0.00091), indicating accelerating buying pressure. Traders likely interpreted the breakout above key averages as a buy signal, especially with RSI nearing overbought levels historically linked to short-term rallies. The 24h volume spike (+149.41% to $30.3M) confirms heightened speculative activity. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-MuIDddUfJo27elxmT2qlFmRrgrf">DYM Dymension (+16.47%, Circulating Market Cap: $91.3 Million)</h3> 
 <div class="ace-line ace-line old-record-id-H5DMdBJzUol8Z5xNfnblHNYegve"> 
  <a href="https://www.coincatch.com/en/futures/usdt/DYMUSDT" rel=" nofollow">DYM</a> is trading at $0.2486, up approximately 16.47% in the past 24 hours. Crypto apps are in dire need of ease of use and economic sustainability. Recently, rollups have shown a simple business model that works, fees minus base layer costs equals their profit. As a result, a surge of L2s were deployed each with its own custom implementation, multi-sig bridge, and security assumptions. This led to a fragmented, unsecure, and chaotic user experience diminishing the advantages of rollups and modular blockchains. DYM reclaimed its 30-day SMA ($0.223) and 7-day EMA ($0.222), with RSI14 at 49.28 – neutral but rising. Breaking above $0.23 (July 2025 resistance) triggered algorithmic buying. However, the 200-day SMA at $0.288 looms as overhead resistance. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-CFf4d6J36oOlXpxpVhylPMLdgbb">PRAI Privasea AI (+9.88%, Circulating Market Cap: $5.17 Million)</h3> 
 <div class="ace-line ace-line old-record-id-ZsgxdW2C8ocUpXxYmiEltnApgZd"> 
  <a href="https://www.coincatch.com/en/spot/PRAIUSDT" rel=" nofollow">PRAI</a> is trading at $0.02119, up approximately 9.88% in the past 24 hours. Privasea AI (PRAI) is a privacy-focused blockchain project combining confidential AI computation with Proof-of-Humanity verification to secure sensitive data in Web3 applications. The Altcoin Season Index rose to 70 (up 25% weekly), reflecting capital rotation into smaller projects. PRAI broke above the 23.6% Fibonacci retracement ($0.0219) with RSI7 at 64.54 (approaching overbought) and MACD histogram turning positive (+0.00027). The Fibonacci breakout suggests traders are targeting the 38.2% level ($0.0205). However, RSI nearing 70 could trigger profit-taking. The 7-day SMA ($0.0168) now acts as support. 
 </div> 
 <div class="ace-line ace-line old-record-id-WidtdXdc8omUeuxmgdSlo092gsd">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-JygPd3DfioHCHgxgT6LlFkA9g0e">Market News</h2> 
 <h3 class="heading-3 ace-line old-record-id-M6XhdBovToJyp6xyQs7li5rAgod">Sui Jumps Nearly 4% After Google Selects It as Launch Partner for AI Payments Protocol</h3> 
 <div class="ace-line ace-line old-record-id-Q2J7dCa1roJ8FYxPpSnlGSvKg6g"> 
  <a href="https://www.coincatch.com/en/spot/SUIUSDT">Sui</a> rose nearly 4% over the past 24 hours after being selected as a launch partner for Google’s new Agentic Payments Protocol (AP2), a standard designed to let AI agents conduct financial transactions for users. The token’s move from $3.509 to $3.622 marked a 3.22% gain, with trading spanning a $0.183 range. By contrast, the CoinDesk 20 index rose just 1% over the same period. 
 </div> 
 <div class="ace-line ace-line old-record-id-XjiGdVTczoPGm3x7Fzkly4qBgqd">
   The AP2 announcement added momentum to a token that had already shown bullish strength. Volume surged to 33.14 million during a breakout — nearly four times the 24-hour average of 8.73 million. That jump in activity, along with higher lows and steady bids above $3.50, points to possible institutional accumulation. 
 </div> 
 <div class="ace-line ace-line old-record-id-Q5cnd1ARPoH55txO0FYlqyaMgig">
   Google’s Agentic Payments Protocol is an emerging standard aimed at enabling AI agents to carry out payments and other financial operations on behalf of users. The protocol is part of a broader effort to bridge smart contracts, real-world payment rails, and machine autonomy. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-NYHBdwEwfoVBZwxdXitlHEe2gud">Bitwise Files ETF Proposal Focused on Tokenization and Stablecoins Amid Growing Interest</h3> 
 <div class="ace-line ace-line old-record-id-YhKqdNkmmoMtr1xAE2ylZELNgrg">
   Asset management firm Bitwise has put forward an exchange-traded fund proposal that focuses on tokenization, as interest in that sector surges. The firm filed a prospectus on Tuesday for the Bitwise Stablecoin &amp; Tokenization ETF, which, if approved by the U.S. Securities and Exchange Commission, would invest "provide exposure to assets poised to benefit from the growing adoption of stablecoins, tokenization and fundamental shifts in how financial assets are exchanged and settled," according to the filing. 
 </div> 
 <div class="ace-line ace-line old-record-id-RwIjdGCKXohwJkxoxd4lxowzgyd">
   Bitwise's filing is the latest proposal for a crypto ETF as more firms look to get the SEC's sign-off on dozens of similar funds. Just yesterday, the firm filed an S-1 for an ETF tracking AVAX, the native token for the Avalanche Layer 1 blockchain. 
 </div> 
 <div class="ace-line ace-line old-record-id-RtKMdASLMoiHqMxn6belvc1TgXb">
   Bloomberg Senior ETF Analyst Eric Balchunas said Bitwise's ETF could launch around the end of November. 
 </div> 
 <div class="ace-line ace-line old-record-id-R12Fd039EocpkIxKfi7lcX0Rgag">
   "Bitwise w a new filing for a Stablecoin &amp; Tokenization ETF which will have sleeve of equities and crypto assets seen benefiting from those two trends," Balchunas said in a post on X. "40 Act so probably launch around Thanksgiving." 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-BhmBddXogonhvyxyqQ5l6Uotghe">The Federal Reserve Will Announce Its Interest Rate Decision At 18:00 UTC</h3> 
 <div class="ace-line ace-line old-record-id-R1k5dh1qgogP7Ixaw9Gl6ed2gEf">
   On September 17, the Federal Reserve will announce its interest rate decision at 18:00 UTC and release a dot plot of its path for rate cuts. Many institutions are optimistic that the number of rate cuts will increase this year: 
 </div> 
 <div class="ace-line ace-line old-record-id-OIHTdJ6IZoPBFGxcMFnlYvuqgGg"> 
  <strong>JPMorgan Chase</strong>: The update of this dot plot will show that there is room for three interest rate cuts this year, one more rate cut than the dot plot in June. 
 </div> 
 <div class="ace-line ace-line old-record-id-HVCSdrx2eofbE8x0OEMlQo8Mgoh"> 
  <strong>Deutsche Bank</strong>: The median of the updated dot plot may show a total rate cut of 75 basis points in 2025, 25 basis points more than the forecast in June. 
 </div> 
 <div class="ace-line ace-line old-record-id-ZBUYdWIM4oUhlsxGNMylzRn8gOf"> 
  <strong>Barclays Bank</strong>: The dot plot will show three interest rate cuts this year, one each in 2026 and 2027, while the median forecast for the long-term interest rate remains unchanged at 3.0%. 
 </div> 
 <div class="ace-line ace-line old-record-id-YMFqdgXeGolQoSxSq1Wla0UGg3f"> 
  <strong>Bank of Montreal</strong>: The median forecast for interest rates at the end of 2025 is expected to be lowered to reflect the possibility of a 25 basis point rate cut at each of the October and December meetings. 
 </div> 
 <div class="ace-line ace-line old-record-id-UstOdbXW6o8jg6xqssZlmUNCgrf">
   Many institutions believe that the dot plot remains unchanged compared to June 
 </div> 
 <div class="ace-line ace-line old-record-id-FvlvdOIleo55ISxyw9XloXTTglf"> 
  <strong>Pepperstone Group</strong>: The Federal Reserve is likely to disappoint market expectations, and the median of the dot plot is likely to remain unchanged, which will still show that there will only be a cumulative interest rate cut of 50 basis points this year. 
 </div> 
 <div class="ace-line ace-line old-record-id-Twvxd6NJVoyHtPxKiDLlqsSegpe"> 
  <strong>UBS Group</strong>: The dot plot will show two interest rate cuts this year, while the market expects nearly three rate cuts. In addition, the participants' forecasts for the economic outlook will also be a focus. 
 </div> 
 <div class="ace-line ace-line old-record-id-EFhXdTf9doBSQNxeYrllDDZmg6t"> 
  <strong>Bank of America</strong>: Against the backdrop of largely unchanged macroeconomic forecasts, the median Fed interest rate in 2025 will continue to show a 50 basis point rate cut, although the dot distribution will shift downward overall. 
 </div> 
 <div class="ace-line ace-line old-record-id-LDltdqeRJoZUnjxNwwll4qCIgUh"> 
  <strong>Goldman Sachs</strong>: The new dot plot is expected to show two rate cuts this year, bringing the total to 3.875%. While the Fed may currently be planning three consecutive rate cuts this year, it may also be believed that there is no need to force this into the dot plot. 
 </div> 
 <div class="ace-line ace-line old-record-id-U0mAdKVNwoBWj3xFfL0l2Oy1gHe"> 
  <strong>Morgan Stanley</strong>: It is expected that the median of the dot plot will still show two interest rate cuts this year, but actual economic data may push the Federal Reserve to cut interest rates continuously for the rest of the year and extend this round of interest rate cuts until January next year. 
 </div> 
 <div class="ace-line ace-line old-record-id-T55ndxx8HovqAnxjOlzlvcG7gne">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-XuvqdNxvFot5Jux7m6clXg68gKb">
   &nbsp; 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-E5XEdkmFeojSE6xpHablzZy8gUb">Reference:</h3> 
 <div class="ace-line ace-line old-record-id-SkNQdHIMUoariuxxh8Wlozergdc">
   CoinMarketCap. (n.d.). CoinMarketCap. 
  <a href="https://coinmarketcap.com/" rel=" nofollow">https://coinmarketcap.com</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-L4l7dBvM6oR37xxtqPClhkfvgOe">
   Farside Investors. (n.d.-a). Bitcoin. 
  <a href="https://farside.co.uk/btc/" rel=" nofollow">https://farside.co.uk/btc/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-GPridYrNSolXNvxUbfqlU5L8g1b">
   Farside Investors. (n.d.-b). Ethereum. 
  <a href="https://farside.co.uk/eth/" rel=" nofollow">https://farside.co.uk/eth/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-DxC4deYlloTQtjxwe4GlzvB3g7f"> 
  <a href="https://investing.com/" rel=" nofollow">Investing.com</a>. (n.d.-a). USA Indices. 
  <a href="https://investing.com/indices/usa-indices" rel=" nofollow">https://investing.com/indices/usa-indices</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-TZVyd0JPPoY2kGxJs3NlSe3igVc">
   GoldPrice.org. (n.d.). 
  <em>Spot gold price today</em>. Retrieved September 5, 2025, from 
  <a href="https://goldprice.org/spot-gold.html" rel=" nofollow">https://goldprice.org/spot-gold.html</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-Xa4BdAXaWoMkPNxOTGulF6JogWb">
   CoinDesk. (2025, September 16). 
  <em>Sui jumps 4% after Google selects it as launch partner for AI payments protocol</em>. 
  <a href="https://www.coindesk.com/markets/2025/09/16/sui-jumps-4-after-google-selects-it-as-launch-partner-for-ai-payments-protocol" rel=" nofollow">https://www.coindesk.com/markets/2025/09/16/sui-jumps-4-after-google-selects-it-as-launch-partner-for-ai-payments-protocol</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-PQvQdYaYWobX7mxhesdl1ViVgQb">
   The Block. (2025, September). 
  <em>Bitwise files ETF proposal focused on tokenization and stablecoins amid growing interest</em>. 
  <a href="https://www.theblock.co/post/370921/bitwise-files-etf-proposal-focused-on-tokenization-and-stablecoins-amid-growing-interest" rel=" nofollow">https://www.theblock.co/post/370921/bitwise-files-etf-proposal-focused-on-tokenization-and-stablecoins-amid-growing-interest</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-Q3GEdefOPoTRuCxm6e7lPyvOg2d">
   Yahoo Finance. (2025, September). 
  <em>Bitcoin </em> 
  <em>traders</em> 
  <em> looking </em> 
  <em>to</em> 
  <em> key data</em>. 
  <a href="https://finance.yahoo.com/news/bitcoin-traders-looking-key-data-053756466.html" rel=" nofollow">https://finance.yahoo.com/news/bitcoin-traders-looking-key-data-053756466.html</a> 
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CoinCatch Market Daily Report (September 17, 2025)

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Fed Rate Cuts: Who Wins - Bitcoin, Gold, or US Stocks?

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Dogecoin and XRP ETFs Set to Launch on September 18: Expanding Crypto Access Through Regulatory Innovation

<div> 
 <div class="ace-line ace-line old-record-id-MmrOddxnFo5hwIxR1HmlNYXxgOg"> 
  <em>The Ethereum Layer 2 (L2) landscape is fiercely competitive, with projects striving to solve the blockchain trilemma of scalability, security, and decentralization. Linea (<a href="https://www.coincatch.com/en/futures/usdt/LINEAUSDT">LINEA</a>), developed by Consensys (the company behind MetaMask and Infura), has emerged as a significant player. Since its mainnet launch in July 2023 and its much-anticipated token generation event (TGE) on September 10, 2025, Linea has garnered attention for its unique Ethereum-aligned approach and community-focused tokenomics. Unlike many L2s, Linea allocated 85% of its total token supply to ecosystem growth, with no allocations to venture capital or insiders. This article explores the Linea ecosystem, its innovative technology, the role of its LINEA token, and its potential future trajectory.</em> 
 </div> 
 <div class="image-uploaded gallery old-record-id-UbGQd9RcQoI1lsxZ5sVlZwbyg53"> 
  <img src="https://img.coincatch.cc/multiLang/web/7e02b91d5ef8365ee38995637e3677b0.png" width="800"> 
 </div> 
 <div class="ace-line ace-line old-record-id-BaPid8SbcoK9JNxeQHhlTl88ghc">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-R3MwdMcSFoeQsCxsMXuldhgcgvf">What Is LINEA?</h2> 
 <div class="ace-line ace-line old-record-id-CVDEdcIOgoQTdSx8FP9lKxXIgRd">
   Linea is an Ethereum Layer 2 scaling solution built as a zkEVM (zero-knowledge Ethereum Virtual Machine) rollup. It is designed to scale Ethereum by processing transactions off-chain and submitting cryptographic proofs (zk-proofs) to the Ethereum mainnet for validation. This approach significantly reduces transaction costs and increases throughput while maintaining the security of Ethereum Layer 1. 
 </div> 
 <div class="ace-line ace-line old-record-id-Ab19dho1foi3vcxLm9XlBCKygtb">
   A key differentiator for Linea is its EVM equivalence. This allows developers to deploy existing Ethereum smart contracts and decentralized applications (dApps) to Linea without any code modifications, making migration seamless and fostering a familiar development environment. The project is developed and incubated by Consensys, a leading blockchain software company founded by Ethereum co-founder Joseph Lubin, which provides it with considerable credibility and technical expertise. 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-DOPndcPXforpIPxjytUlimUyg6b">What's the Feature?</h2> 
 <div class="ace-line ace-line old-record-id-H5uddfb4VondJKxwbHOldVxpgZb">
   Linea incorporates several innovative features that contribute to its growing prominence in the L2 space. 
 </div> 
 <div class="ace-line ace-line old-record-id-A0QFdesqTo3xAWx00q2lr7oygYb"> 
  <strong>EVM Equivalence and Developer Tools</strong>: Linea's full EVM equivalence ensures compatibility with the entire Ethereum toolstack, including MetaMask and Infura. This lowers the barrier to entry for developers and accelerates dApp deployment. 
 </div> 
 <div class="ace-line ace-line old-record-id-KGmgdXzCfotfq9xBcnZlhxlpgAh"> 
  <strong>Dual-Burn Tokenomics Model</strong>: Linea features a unique economic model designed to create value for both Ethereum and LINEA token holders. The model allocates 20% of gas fees (paid in ETH) to be burned, contributing to Ethereum's deflationary pressure. The remaining 80% of transaction fees are used to buy back and burn LINEA tokens from the open market, creating a deflationary supply dynamic for the LINEA token itself. 
 </div> 
 <div class="ace-line ace-line old-record-id-TNeidQfQ6ozMxcxf9VBlEovrgSc"> 
  <strong>ETH as the Gas Token</strong>: In a notable departure from some other L2s, Linea uses ETH, not LINEA, for gas fees. This reinforces Ethereum's monetary role and simplifies the user experience for those already familiar with Ethereum. 
 </div> 
 <div class="ace-line ace-line old-record-id-IqdzdP3yPolYLJxVEZTlyD9xg5J"> 
  <strong>Strategic Integrations</strong>: Benefiting from its Consensys lineage, Linea offers native integrations with products like MetaMask and Infura. This provides developers and enterprises with robust, institutional-grade infrastructure. 
 </div> 
 <div class="ace-line ace-line old-record-id-UNkpdbHPwo2KYSxDqq6lMm9qg8e">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-H03HdhZJWoQMXixVlmYlTawrgJd">Overview of LINEA Tokens</h2> 
 <h3 class="heading-3 ace-line old-record-id-BdkndlM9doQnJyxVaD9lEWAegBb">What Is LINEA?</h3> 
 <div class="ace-line ace-line old-record-id-ShutdOnmnoJqkRxCnQClKNekgOf">
   The LINEA token is the native token of the Linea network. However, unlike many other L2 native tokens, LINEA is not used to pay for network transaction fees (gas fees are paid in ETH). Instead, its primary purpose is to incentivize and facilitate ecosystem growth. It functions as a tool for economic coordination, rewarding actual use and participation in the network's development. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-TeuId7H2AovPbpx8UtrlbkQRg0e">LINEA Tokenomics</h3> 
 <div class="ace-line ace-line old-record-id-FJ7ddoOrQoJMRmxcDwGlzB85gcv">
   Linea’s total token supply is 72,009,990,000 LINEA, which is 1,000 times the initial circulating supply of ETH. Its allocation echoes Ethereum’s genesis distribution to signal long-term alignment with the broader ecosystem: 85% of the supply is dedicated to the ecosystem, with the remaining 15% allocated to the Consensys treasury. See below for a more detailed breakdown. 
 </div> 
 <div class="image-uploaded gallery old-record-id-Gdr9duMH4oDZrJxEu5vlP4FZgYG"> 
  <img src="https://img.coincatch.cc/multiLang/web/730849fdb0db50fe9f40ce070a62addc.png" width="800"> 
 </div> 
 <ul class="list-bullet1"> 
  <li class="ace-line ace-line old-record-id-EuPFdgXaOofAqMxyEwulze7cgSe"> 
   <div>
     Ecosystem Growth (85%): The vast majority of tokens are allocated to the ecosystem. This includes: 
   </div> 
   <ul class="list-bullet2"> 
    <li class="ace-line ace-line old-record-id-D3jtdIirwogVp2xyOQilq9GGgwc"> 
     <div>
       Ecosystem Fund (75%): Managed by the Linea Consortium, these funds are dedicated to long-term development, grants, liquidity initiatives, and public goods, with unlocks scheduled over a decade. 
     </div> </li> 
    <li class="ace-line ace-line old-record-id-BY1odH5XsobVxPx0J1Pl3JpXgqg"> 
     <div>
       Early Contributors (10%): This portion rewards early active users and developers. It includes the 9.36 billion LINEA airdropped to approximately 749,000 eligible wallets based on chain-on activity metrics like LXP (Linea Voyage XP), and 1% for strategic builders. These tokens were fully unlocked at TGE. 
     </div> </li> 
   </ul> </li> 
  <li class="ace-line ace-line old-record-id-NywSdDYNhonnRuxZQkzlDj3sgDH"> 
   <div>
     Consensys Treasury (15%): This allocation is held by Consensys and is subject to a five-year lock-up period, demonstrating a commitment to the project's long-term success. 
   </div> </li> 
 </ul> 
 <h3 class="heading-3 ace-line old-record-id-GXjUdJjaDoNB2Cxh6jSlrI0Qgjd">Circulating Supply at TGE</h3> 
 <div class="ace-line ace-line old-record-id-LSIidn0rTo0iltxX2AUlU9uYgOf">
   At TGE, approximately 22% of the total token supply (15.8B LINEA) will be circulating. This includes the early contributor airdrop, ecosystem activation programs, and liquidity provisioning allocations. All other categories remain locked or vest over time. 
 </div> 
 <div class="ace-line ace-line old-record-id-LjrDda4J5oR2XfxKx5RllwKSgnb">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-Isn5dUiIvoWb6JxPrCFld7AFgZe">Price Prediction</h2> 
 <div class="ace-line ace-line old-record-id-P0WBdHrXDo5jfexJWrhlwV5jgSz">
   Price predictions for LINEA vary, reflecting the inherent volatility of crypto assets and different analytical perspectives. It's crucial to treat these forecasts with caution. 
 </div> 
 <div class="ace-line ace-line old-record-id-Anu0dZRxOom2mxxCXaElFA4zgZb"> 
  <strong>Short-Term (2025)</strong>: Following its TGE, LINEA's price experienced significant volatility. After initial trading, the token was reported to be trading around $0.0237, with other sources noting a price of $0.02648 and $0.0315 in mid-September 2025. Some technical analyses suggest that if the token can sustain a price above $0.032, it could target the $0.038–$0.042 range by the end of 2025. Key support levels to watch are around $0.028–$0.030. 
 </div> 
 <div class="ace-line ace-line old-record-id-PH0IdMy6koRcUpx0ntTlGl7rgCh"> 
  <strong>Long-Term (2026-2030)</strong>: Some predictive models suggest a gradual appreciation potential if broader market conditions are favorable and adoption metrics improve. Targets based on technical analysis include an average of $0.040 in 2026, $0.045 in 2027, and potentially reaching $0.060 by 2030, with a potential high of $0.085 in a bullish scenario. 
 </div> 
 <div class="ace-line ace-line old-record-id-YsstdFMktoD2pLxk5XPlwrk3gYf">
   These predictions depend heavily on several factors, including the successful execution of Linea's ecosystem incentives, the effectiveness of its deflationary dual-burn mechanism, overall L2 adoption rates, and broader cryptocurrency market sentiment. 
 </div> 
 <div class="ace-line ace-line old-record-id-BNz4djK7gowJbQxpN2bl7UDzgff">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-DAlld8osLoEsYaxN22mlpnRdgIL">Latest News</h2> 
 <div class="ace-line ace-line old-record-id-R0HSdxJM4oX36lxiflkl1yACgRf">
   Linea has been at the center of several significant recent developments: 
 </div> 
 <div class="ace-line ace-line old-record-id-AZwWdfyg3oDxw0xTWZcl7PJFglg"> 
  <strong>Token Generation Event (TGE) and Airdrop (September 2025)</strong>: Linea conducted one of the largest Layer 2 airdrops, distributing 9.36 billion LINEA tokens to approximately 749,000 eligible wallets based on prior network interaction and LXP metrics. The claim window is open for 90 days. 
 </div> 
 <div class="ace-line ace-line old-record-id-LYStdVgtuo4fDHxRkyulpdwbgad"> 
  <strong>Technical Challenges at Launch</strong>: The TGE was not without issues. Linea's main sequencer experienced a performance glitch that halted block production for about an hour shortly before the launch. Once fixed, the network resumed normal operations. The claiming process also saw periods of high gas fees on Ethereum due to high demand. 
 </div> 
 <div class="ace-line ace-line old-record-id-YJW6dK6j9okue8xq2Gcl1SVGgVd"> 
  <strong>Exchange Listings</strong>: Following the TGE, the LINEA token was listed on several major cryptocurrency exchanges, increasing its accessibility to a broader range of traders and investors. 
 </div> 
 <div class="ace-line ace-line old-record-id-RP1rdnTvVoAJ14xpfMNlat18gOf"> 
  <strong>Joseph Lubin's Reward Hint</strong>: Consensys founder Joseph Lubin hinted at an exciting prospect for LINEA holders. He suggested that holding a certain amount of LINEA in a MetaMask wallet for a specific duration could unlock additional rewards, potentially in the form of other tokens from Consensys or ecosystem partners in the future. This has sparked speculation about a potential future MetaMask token ($MASK). 
 </div> 
 <div class="ace-line ace-line old-record-id-EYNfdDgUdowKcOxndiDlZiXHgsb">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-HDtvdYl1tow7pjxH7FWl3PX9gJg">Conclusion</h2> 
 <div class="ace-line ace-line old-record-id-EDYBdYUnQoxkjWxH8Vkl2T7Kged">
   Linea presents a compelling and unique approach within the Ethereum Layer 2 ecosystem. Its technical foundation as a zkEVM rollup with full EVM equivalence, combined with strong backing from Consensys, provides a solid base for development and adoption. Its community-first tokenomics, which excludes VC allocations and directs the vast majority of tokens toward ecosystem growth, is a significant differentiator aimed at fostering long-term, sustainable development. 
 </div> 
 <div class="ace-line ace-line old-record-id-NDZ5dGujIoyij9xorkDlKryKgwh">
   The innovative dual-burn mechanism aligns incentives between the Linea network, its token holders, and the Ethereum mainnet by creating deflationary pressure on both ETH and LINEA. However, challenges remain, including intense competition from other L2s, the need to increase user adoptionand daily active addresses from recent lows, and the current limited direct utility of the LINEA token itself (as it is not used for gas fees). 
 </div> 
 <div class="ace-line ace-line old-record-id-LJpJdpLuvoYGAqxyAztlUjQpgsg">
   Overall, Linea's strategy of positioning itself as an extension of Ethereum rather than a competitor, its commitment to ecosystem development, and its integration with the broader Consensys product suite make it a project with significant potential. Its success will ultimately depend on its ability to execute its roadmap, attract developers and users to its platform, and navigate the evolving competitive and regulatory landscape. If successful, Linea could become a major hub for Ethereum-centric innovation and scalability. 
 </div> 
 <div class="ace-line ace-line old-record-id-XPYLdbHJyoh2Hpxl74ylXtiNgZd">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-Qc71dmjzMoOTFlxuIh9lJWS3g5g">
   &nbsp; 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-JfAVdP64CoVGoWxS6YXlRwHUg3c">References:</h3> 
 <div class="ace-line ace-line old-record-id-MvQlduGa7oyd8Jx8XQVlDvSkghg">
   Linea. (n.d.). 
  <em style="font-style: revert;">Linea tokenomics</em>. Linea Official Blog. 
  <a class="link-ZNPgAX" href="https://linea.build/blog/linea-tokenomics" target="_blank" rel="nofollow noopener">https://linea.build/blog/linea-tokenomics</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-MvQlduGa7oyd8Jx8XQVlDvSkghg">
   BeInCrypto. (2025, September 16).&nbsp; 
  <em>Linea Token’s launch receives lukewarm response, new highs look challenging</em>. 
  <a href="https://beincrypto.com/linea-tokens-launch-receives-lukewarm-response/" rel=" nofollow">https://beincrypto.com/linea-tokens-launch-receives-lukewarm-response/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-K5kBdjYmwo7WztxiWjrl8Ndhgob">
   CoinEdition. (2025, September 15). 
  <em>Linea (LINEA) price prediction 2025, 2026, 2027, 2028–2030</em>. 
  <a href="https://coinedition.com/linea-price-prediction/" rel=" nofollow">https://coinedition.com/linea-price-prediction/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-IHnHdqtD2o9492xb6nqlfbtfgPf">
   CryptoRank.io. (2025, September 15). 
  <em>Linea (LINEA) price prediction 2025, 2026, 2027, 2028–2030</em>. 
  <a href="https://cryptorank.io/news/feed/75d71-linea-price-prediction" rel=" nofollow">https://cryptorank.io/news/feed/75d71-linea-price-prediction</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-SQSddsZbdoDP2Qx1Gn2lfvfngpd">
   CryptoSlate. (2025, September 15). 
  <em>Best crypto rankings in real-time overview &amp; prices</em>. 
  <a href="https://cryptoslate.com/coins/linea/" rel=" nofollow">https://cryptoslate.com/coins/linea/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-JrgXdGrywo0Y1ZxAfvjlwCj8gec">
   Pintu News. (2025, September 12). 
  <em>Linea airdrop officially released, here’s the fun facts and challenges</em>. 
  <a href="https://pintu.co.id/en/news/205471-linea-airdrop-officially-released-heres-the-fun-facts-and-challenges/" rel=" nofollow">https://pintu.co.id/en/news/205471-linea-airdrop-officially-released-heres-the-fun-facts-and-challenges/</a> 
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Linea (LINEA): Ethereum's Aligned Layer 2 Scaling Solution

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Breaking down HYPE: Hyperliquid’s Native Token

<div> 
 <div class="ace-line ace-line old-record-id-JanwdfizPoOqY2xPX7FlWPgrgEc">
   On September 16, the cryptocurrency market is exhibiting cautious optimism, with both Bitcoin (BTC) and Ethereum (ETH) showing slight price decreases. Bitcoin is trading at around $115,797.22 (-0.12%), while Ethereum is at $4,506.64 (-2.34%). The overall market capitalization is reported to be around $4 trillion. Meanwhile, Base is reportedly "beginning to explore" launching a native token, which is a reversal from Coinbase's previous stance; pump.fun's protocol revenue has surpassed Hyperliquid's at $3.12 million in the last 24 hours, according to Defillama data; PayPal announced it will expand its peer-to-peer payment service to include cryptocurrency transfers. 
 </div> 
 <div class="ace-line ace-line old-record-id-JanwdfizPoOqY2xPX7FlWPgrgEc">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-EVnTdMMbsob5lMxIW9HlYijtgSe">Crypto Market Overview</h2> 
 <h3 class="heading-3 ace-line old-record-id-WpvPdaAOxoJQYsxwRhdlP1EUgPd"><a href="https://www.coincatch.com/en/spot/BTCUSDT" rel=" nofollow">BTC</a> (-0.12% | Current Price: $115,797.22)</h3> 
 <div class="ace-line ace-line old-record-id-SWqCdIAEjoTw6KxML1QlXYrRgUc">
   After a brief surge, BTC prices retreated and are currently fluctuating around $115,000. The intraday high reached $116,740, but subsequently retreated under pressure, indicating a short-term consolidation trend at a high level. Overall, bullish momentum has weakened. If the $116,000 mark cannot be effectively broken, the price may fluctuate between $114,000 and $116,000. The market is focused on whether it can stabilize below and build momentum for another upward move. On September 15th, BTC ETFs saw a net inflow of $259 million, including $261 million into BlackRock's IBIT and $7.5 million into Fidelity's FBTC, indicating that institutional funds are increasing their Bitcoin holdings and strengthening their allocation to the asset. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-SRN6drBYco90rOxWP3cls0GTgt3"><a href="https://www.coincatch.com/en/spot/ETHUSDT" rel=" nofollow">ETH</a> (-2.34% | Current Price: $4,506.64)</h3> 
 <div class="ace-line ace-line old-record-id-TBb9dAkhwo3NFkxKWlZl7v09geb">
   ETH performed relatively weakly today, with prices quickly retreating after hitting $4,660 and currently trading around $4,500. While it has found support between $4,480 and $4,500 on a number of occasions in the short term, overall downward pressure remains substantial. A subsequent resurgence above $4,550 could alleviate the downward trend; conversely, a break below $4,480 could trigger a test of lower levels. On September 15th, ETH ETFs saw a net inflow of $359 million, with BlackRock ETHA receiving $363 million and Fidelity FETH receiving $1.35 million in outflows. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-DNnEdrEb9ovMrBxij4klzu8vg7g">Altcoins</h3> 
 <div class="ace-line ace-line old-record-id-LD0Yd0XYko3uslxa1BFlbZmrgHf">
   Altcoins are experiencing mixed but largely positive signals, with institutional interest driving momentum, especially in Solana ( 
  <a href="https://www.coincatch.com/en/spot/SOLUSDT" rel=" nofollow">SOL</a>), and regulatory developments impacting market sentiment. While overall crypto market volatility is low, certain altcoins are showing significant gains and losses. The Fear and Greed Index, at 50, remained within normal range, indicating that market sentiment had eased relative to previous overheating. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-GODBdHZCSocW7NxSf8ylcapmgHg">Macro Data</h3> 
 <div class="ace-line ace-line old-record-id-HOdGdeIAjoKRMfxjR4llpcCDghh">
   Central bank decisions are dominating the macroeconomic landscape this week, particularly the Federal Reserve's (Fed) meeting. The market is pricing in a high probability of a 25 basis point interest rate cut by the Fed, lowering the target range to 4.00%–4.25%. This is influenced by a weakening labor market and cooling inflation data, although some inflation concerns persist. Gold is experiencing a multi-faceted rally, reaching a record high on Monday, September 15, 2025, closing at $3,720 per ounce. Futures contracts for December delivery also closed higher at $3,721.20. On September 15, the S&amp;P 500 rose 0.78% to 6,615.28 points; the Dow Jones Industrial Average rose 0.11% to 45,883.45 points; and the Nasdaq Composite Index rose 0.94% to 22,348.75 points. 
 </div> 
 <div class="ace-line ace-line old-record-id-CUBSdV5Jforh6Ex3hkhlQlqig3b">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-CeM8dxUpwoQqpzxqYdMl1BfOgTe">Trending Tokens</h2> 
 <h3 class="heading-3 ace-line old-record-id-Hvcpd8XFGoBpDRxnQ28l9axCg9b">ZORA ZORA (+21.47%, Circulating Market Cap: $257.3 Million)</h3> 
 <div class="ace-line ace-line old-record-id-TUf9dmYmXo61dcxgt7ml0MXZg3e"> 
  <a href="https://www.coincatch.com/en/spot/ZORAUSDT" rel=" nofollow">ZORA</a> is trading at $0.07805, up approximately 21.47% in the past 24 hours. ZORA is an onchain social network that transforms social media interactions into tradable assets, enabling creators to monetize content through tokenization and decentralized markets. ZORA tokenizes social media activity: every post becomes an ERC-20 token (1 billion supply) linked to a creator’s profile coin. As engagement grows, both the post token and creator coin gain value, traded via Uniswap pools. Creators earn 1% of every trade in $ZORA (Zora), aligning incentives between content creation and financial rewards. ZORA broke above the $0.095 rounded-bottom pattern target, but the 4-hour RSI hit 72 – its highest since May 2025. While the MACD histogram remains positive (+0.0000545), weakening momentum and $0.143 Fibonacci extension resistance suggest consolidation ahead. Historical data shows 60-70% corrections after similar RSI peaks. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-U1EKdGUD8oM3UdxOKh6leoHVg2f">PRAI Privasea AI (+11.09%, Circulating Market Cap: $4.54 Million)</h3> 
 <div class="ace-line ace-line old-record-id-VX92d7zrNo7u0Bxp3VMlQ8XIgRe"> 
  <a href="https://www.coincatch.com/en/spot/PRAIUSDT" rel=" nofollow">PRAI</a> is trading at $0.01872, up approximately 11.09% in the past 24 hours. Privasea AI (PRAI) is a privacy-focused blockchain project combining confidential AI computation with Proof-of-Humanity verification to secure sensitive data in Web3 applications. The Altcoin Season Index rose to 70 (up 25% weekly), reflecting capital rotation into smaller projects. PRAI’s 24h volume surged 39.6% to $7.8M, outpacing the broader crypto market’s 0.2% decline. AI narratives are resurging, but PRAI’s -88% yearly drop highlights persistent volatility risks. High turnover (1.7x) suggests speculative trading dominates. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-IILsdxvsgomoJGxrComlejsTgtV">AWE AWE (+8.37%, Circulating Market Cap: $145.03 Million)</h3> 
 <div class="ace-line ace-line old-record-id-GJakd8KasoddpExLqUzltxp8gff"> 
  <a href="https://www.coincatch.com/en/futures/usdt/AWEUSDT" rel=" nofollow">PRAI</a> is trading at $0.07466, up approximately 8.37% in the past 24 hours. AWE Network is opening the portal to Autonomous Worlds where AI Agents collaborate, adapt and evolve. The Autonomous Worlds Engine (AWE) is a modular framework enabling the creation of self-sustaining worlds for scalable agent-agent and human-agent collaboration. AWE’s August updates highlighted: 10.2K daily active users and 1.6M $AWE locked in its Autonomous Worlds ecosystem and partnership with Coinbase Dev for a NYC Hackathon track (AWE Network).Growing adoption of its AI-driven "worlds" platform validates use cases, but the 24h price move likely prices in older news. Recent social volume (e.g., AMAs) may have reignited retail interest. 
 </div> 
 <div class="ace-line ace-line old-record-id-Imk0dd6zmozzgLxMK7kl8P3Cgzh">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-SZq0dRezIohgSixF358lQJk2gFh">Market News</h2> 
 <h3 class="heading-3 ace-line old-record-id-FmYLdYLcqohxQ9x4uBSlrGwRgnh">Coinbase-Incubated Base Network 'Beginning to Explore' Native token</h3> 
 <div class="ace-line ace-line old-record-id-Mr7Yd2zVLo3wqsxjNWtl8Byjgtf">
   Base, the Ethereum-based Layer network incubated by Coinbase, is reportedly "beginning to explore" launching a native token, Base creator Jesse Pollak said at a live-streamed conference on Monday, a reversal from Coinbase's previous stance. 
 </div> 
 <div class="ace-line ace-line old-record-id-Ge48dyJdio0xODxUPGWlsK2Cgoe">
   Coinbase representatives had consistently said there were no plans to issue a token for Base, which currently uses ETH as its gas token. The project said it has "no definitive plans to share at this time" regarding a potential token. "Base is a bridge, not an island," Pollak said onstage at BaseCamp, in Stowe, Vermont, discussing how he is aiming to increasingly connect Base to the wider Ethereum ecosystem. 
 </div> 
 <div class="ace-line ace-line old-record-id-DUDtdY1JpoFDo7x2RcolYhQpgdf">
   The move comes months after the Ink Foundation, which is shepherding development of the Kraken-incubated Ink L2, disclosed plans to create a non-governmental utility token called INK. Both Base and Ink are part of Optimism's Superchain ecosystem. "When Base launched, our priority was clear: To build a secure, low-cost, developer-friendly chain and ecosystem. Launching a token wasn’t necessary to reach those goals, and we wanted to focus on the core product," the team wrote in a blog on Monday. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-TGcpdrnTZo3hPGx04N5l3rvyg4d">Pump.fun Surpasses Hyperliquid in 24-Hour Revenue</h3> 
 <div class="image-uploaded gallery old-record-id-Z6VbdZA6JoSsamxdDWhlvc05gOh"> 
  <img src="https://img.coincatch.cc/multiLang/web/33acf40934907253cddd91919f3ee07e.png" width="800"> 
 </div> 
 <div class="ace-line ace-line old-record-id-Z5cGd90HUoL1TsxXdfflyBdUgme" style="text-align: center;"> 
  <em>24 Hours Revenue Ranking. Source: DefiLlama</em> 
 </div> 
 <div class="ace-line ace-line old-record-id-Tvcgd2rjAoxQVAxA9ujlQKn4gab">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-Gd3IdmcsToJtnxxn1vIl9hahgTe">
   pump.fun's protocol revenue has surpassed Hyperliquid's at $3.12 million in the last 24 hours, according to Defillama data. This is lower than Tether's $21.7 million and Circle's $7.62 million during the same period. pump.fun's revenue is higher than Hyperliquid's $2.48 million, indicating its growing popularity and success in the market. 
 </div> 
 <div class="ace-line ace-line old-record-id-TpQXdH1hboAhIYxpnM4lahasgLh">
   Pump.fun has achieved a significant milestone in the cryptocurrency market, as its protocol revenue has surpassed that of Hyperliquid in the past 24 hours. According to DefiLlama data, pump.fun generated $3.12 million in revenue within the last 24 hours Native Markets team wins Hyperliquid USDH stablecoin bid, eyes test phase ‘within days’. This figure is notable as it exceeds Hyperliquid's revenue of $2.48 million during the same period, indicating a growing trend in pump.fun's popularity and success. 
 </div> 
 <div class="ace-line ace-line old-record-id-AkG7dxV6uoOBi4x1JtOla4K1gcf">
   While pump.fun's revenue is lower than that of Tether ($21.7 million) and Circle ($7.62 million) in the same period, it still signifies a substantial increase in its market presence. This performance underscores pump.fun's ability to attract users and generate significant revenue, positioning it as a notable player in the crypto ecosystem. 
 </div> 
 <div class="ace-line ace-line old-record-id-A0cpdPDiEo3HPtx1lf0lg6epgXe">
   Hyperliquid, on the other hand, has been in the news for its USDH stablecoin bid, which was recently awarded to Native Markets. The USDH stablecoin is expected to be launched on Hyperliquid's HyperEVM network, potentially posing a threat to USDC. The currently dominant dollar-backed stablecoin on the platform pump.fun's protocol revenue in the last 24 hours has surpassed Hyperliquid. 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-Hm0UdPvr6orK56xMyNplMyd7gwg">PayPal Adding Crypto to Peer-to-Peer Payments, Allowing Direct Transfer of BTC, ETH, Others</h3> 
 <div class="ace-line ace-line old-record-id-J06xdM9YpoiiLmxB5yolHOmXgic">
   PayPal announced it will expand its peer-to-peer payment service to include cryptocurrency transfers. Users will soon be able to send digital assets like Bitcoin (BTC), Ethereum (ETH), and the company's own USD stablecoin, PYUSD, directly between PayPal and Venmo, with interoperability with more crypto wallets gradually becoming available. PayPal also launched a new "PayPal Links" feature, allowing users to generate personalized transfer links and share them via SMS, chat, or email, significantly streamlining the payment process. 
 </div> 
 <div class="ace-line ace-line old-record-id-XhiQdtx6BoJ9OlxZm3WlZQT4gHg">
   This upgrade not only strengthens PayPal's presence in the crypto payments space but also offers tax benefits to users. The company has confirmed that personal cryptocurrency transfers (such as gifts or reimbursements) will not trigger IRS 1099-K reporting requirements, maintaining tax-free status. As PayPal advances its "PayPal World" interoperability initiative and expands its crypto payment network globally, this move is expected to further increase user payment volume and solidify its leading position in the digital currency payments market. 
 </div> 
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   &nbsp; 
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 <div class="ace-line ace-line old-record-id-G3eRd8e9coN9RxxnuthlyyXVgje">
   &nbsp; 
 </div> 
 <h3 class="heading-3 ace-line old-record-id-GCOgdliAUoaS1fxxfWFlcp0LgXe">Reference:</h3> 
 <div class="ace-line ace-line old-record-id-KKeJdZv74oajOixtueJlU6LAgce">
   CoinMarketCap. (n.d.). CoinMarketCap. 
  <a href="https://coinmarketcap.com/" rel=" nofollow">https://coinmarketcap.com</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-EwMJdsFixoolNNxCukrlAN05gvb">
   Farside Investors. (n.d.-a). Bitcoin. 
  <a href="https://farside.co.uk/btc/" rel=" nofollow">https://farside.co.uk/btc/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-EvmAdz6kroiND6x3qA4lUQlGg5c">
   Farside Investors. (n.d.-b). Ethereum. 
  <a href="https://farside.co.uk/eth/" rel=" nofollow">https://farside.co.uk/eth/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-YgzuduEwEoDD3hx08Nnl4AGygPb"> 
  <a href="https://investing.com/" rel=" nofollow">Investing.com</a>. (n.d.-a). USA Indices. 
  <a href="https://investing.com/indices/usa-indices" rel=" nofollow">https://investing.com/indices/usa-indices</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-CmVXdCjS1o1Yx4xhmZKlN91hgLh">
   GoldPrice.org. (n.d.). 
  <em>Spot gold price today</em>. Retrieved September 5, 2025, from 
  <a href="https://goldprice.org/spot-gold.html" rel=" nofollow">https://goldprice.org/spot-gold.html</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-OdzrddzktoCGYLxKWaolYzq2gPd">
   The Block. (2025, September 15). 
  <em>Coinbase-incubated Base </em> 
  <em>Network</em> 
  <em> beginning to explore native token, creator Jesse Pollak says</em>. 
  <a href="https://www.theblock.co/post/370668/coinbase-incubated-base-network-beginning-to-explore-native-token-creator-jesse-pollak-says" rel=" nofollow">https://www.theblock.co/post/370668/coinbase-incubated-base-network-beginning-to-explore-native-token-creator-jesse-pollak-says</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-MxRbdT4zfo2JuTx14xflr1nogpf">
   AInvest. (2025, September). 
  <em>Pump Fun surpasses Hyperliquid in 24-hour revenue</em>. 
  <a href="https://www.ainvest.com/news/pump-fun-surpasses-hyperliquid-24-hour-revenue-2509/" rel=" nofollow">https://www.ainvest.com/news/pump-fun-surpasses-hyperliquid-24-hour-revenue-2509/</a> 
 </div> 
 <div class="ace-line ace-line old-record-id-D27hdlPvhoSBbtxdyvglPy58gfc">
   PayPal. (2025, September 15). 
  <em>PayPal ushers in a new era of peer-to-peer payments, reimagining how money moves to anyone, anywhere</em>. 
  <a href="https://newsroom.paypal-corp.com/2025-09-15-PayPal-Ushers-in-a-New-Era-of-Peer-to-Peer-Payments,-Reimagining-How-Money-Moves-to-Anyone,-Anywhere" rel=" nofollow">https://newsroom.paypal-corp.com/2025-09-15-PayPal-Ushers-in-a-New-Era-of-Peer-to-Peer-Payments,-Reimagining-How-Money-Moves-to-Anyone,-Anywhere</a> 
 </div> 
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   &nbsp; 
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   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-PBypdPa9yob8jKxQTVmlNMqIgVe"> 
  <strong>CoinCatch Team</strong> 
 </div> 
 <div class="ace-line ace-line old-record-id-CjTNdo47FosM96xvwiZlzqZTgug">
   &nbsp; 
 </div> 
 <div class="ace-line ace-line old-record-id-QhLidAOq7omctzx31EMlEOwbgue"> 
  <u><a href="https://x.com/coincatchcom" rel=" nofollow">Follow us on X(Twitter)</a></u> 
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 <div class="ace-line ace-line old-record-id-LPwTdMOLQodxNcxyrYXlYYFaggd"> 
  <u><a href="https://t.me/coincatch_chat_en" rel=" nofollow">Join us on Telegram</a></u> 
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 <div class="ace-line ace-line old-record-id-G9eGdXpllo8n9LxPf9HlwN7UgIi"> 
  <u><a href="https://www.instagram.com/coincatch_official/" rel=" nofollow">Follow us on Instagram</a></u> 
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   &nbsp; 
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 <div class="ace-line ace-line old-record-id-IyxsdcR5loJlkCxeCkElSJqxg1g"> 
  <em>Disclaimer:</em> 
 </div> 
 <div class="ace-line ace-line old-record-id-NmqwdYLbJoehedxovkHlMGhegZb"> 
  <em>Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.</em> 
 </div> 
</div>

CoinCatch Market Daily Report (September 16, 2025)

https://img.coincatch.cc/multiLang/web/838ad003800eb3d4d007329797e7e1ea.png

Boundless (ZKC): A Universal Zero-Knowledge Proof Infrastructure

<div> 
 <div class="ace-line ace-line old-record-id-SHhSdwerAoI54xx0hzHl1QNKgaf"> 
  <em>The financial markets witnessed a fascinating divergence on September 16, 2025. While major U.S. stock indices like the </em> 
  <em><strong>S&amp;P 500</strong></em> 
  <em> and </em> 
  <em><strong>Nasdaq</strong></em> 
  <em> continued their record-breaking rally, cryptocurrency-related stocks displayed remarkable fragmentation. This divergence offers a compelling case study in how investors are becoming increasingly selective about their exposure to the crypto ecosystem, carefully distinguishing between different business models, asset types, and blockchain narratives. The </em> 
  <em><strong>crypto stock market</strong></em> 
  <em> has evolved from being a monolithic play on digital asset prices to a complex landscape of companies with varied value propositions and risk profiles. This article explores the definition of crypto stocks, highlights prominent projects, analyzes recent market performance, examines exchange listing trends, and provides investment perspectives on this emerging asset class.</em> 
 </div> 
 <div class="ace-line ace-line old-record-id-PKC5dNIe3owi1KxSPNClcINngTc">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-Pf1RdIQQBo7Kybx8FDRlimM5gic">What Are Crypto Stocks?</h2> 
 <div class="ace-line ace-line old-record-id-Y8Xsdo5h2ozSUSxT6VClZDDug2b"> 
  <strong>Crypto stocks</strong> represent publicly traded companies with significant exposure to cryptocurrency and blockchain technologies. Unlike directly holding digital assets like Bitcoin or Ethereum, these stocks provide indirect exposure through various business models and operational frameworks. The category encompasses several distinct types of companies, each with different risk-return profiles and correlations to underlying crypto markets. 
 </div> 
 <div class="ace-line ace-line old-record-id-K7red41qCoWvJAx8A2elY05Pgvc">
   The primary categories include crypto infrastructure plays like exchanges and trading platforms, digital asset holders such as companies with substantial cryptocurrency treasuries, blockchain technology providers offering distributed ledger solutions, and mining companies involved in blockchain validation and coin generation. What distinguishes these stocks from traditional equities is their heightened sensitivity to cryptocurrency market cycles, regulatory developments, and technological innovations in the blockchain space. 
 </div> 
 <div class="ace-line ace-line old-record-id-G6pTdXqFfoTo4XxlP8KlsiGVg5e"> 
  <strong>Table: Types of Crypto Stocks and Their Characteristics</strong> 
 </div> 
 <div class=" old-record-id-KAHpdhdC2oro5DxCwzdl50ntgGh"> 
  <div> 
  </div>
  <table>  
   <tbody> 
    <tr> 
     <td>Type</td> 
     <td>Description</td> 
     <td>Examples</td> 
     <td>Risk Profile</td> 
    </tr> 
    <tr> 
     <td>Exchange Stocks</td> 
     <td>Companies operating crypto trading platforms</td> 
     <td>Coinbase, Gemini</td> 
     <td>High sensitivity to trading volumes and regulatory changes</td> 
    </tr> 
    <tr> 
     <td>Digital Asset Holders</td> 
     <td>Companies holding significant crypto treasuries</td> 
     <td>MicroStrategy, Tesla</td> 
     <td>Correlated with crypto prices but with company-specific factors</td> 
    </tr> 
    <tr> 
     <td>Mining Stocks</td> 
     <td>Companies involved in blockchain validation</td> 
     <td>Riot Platforms, CleanSpark</td> 
     <td>Dependent on crypto prices and energy costs</td> 
    </tr> 
    <tr> 
     <td>Blockchain Infrastructure</td> 
     <td>Providers of blockchain technology solutions</td> 
     <td>Figure, Helius</td> 
     <td>&nbsp;</td> 
    </tr> 
   </tbody> 
  </table> 
 </div> 
 <div class="ace-line ace-line old-record-id-RVx5desLEoy6nwxXr0mlzKnSgig">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-Vc0YdqyI0oRlfLxodyYlL2p1gOc">Notable Crypto Stock Projects</h2> 
 <div class="ace-line ace-line old-record-id-XibIdxNQUorRKMxbhQClQH8Aguh">
   Several crypto stocks have emerged as bellwethers for the broader sector, each representing different approaches to capturing value from digital assets and blockchain technology. These companies have attracted significant investor attention and often serve as proxies for various narratives within the crypto ecosystem. 
 </div> 
 <div class="ace-line ace-line old-record-id-P3s2ddHLpo6zb3xgX09ljCFpgNI"> 
  <strong>Coinbase (COIN)</strong> stands as the most prominent 
  <strong>cryptocurrency exchange stock</strong> in the United States. As a regulated platform offering retail and institutional services, its stock performance closely tracks trading volumes and market sentiment. However, recent quarterly results highlighted ongoing challenges, with the company reporting $15 billion in revenue but only $33 million in operational income when excluding investment gains. This disparity underscores the 
  <strong>volatility inherent</strong> in even the most established crypto businesses, where core operations can remain challenging despite market enthusiasm. 
 </div> 
 <div class="ace-line ace-line old-record-id-EFFxd1XzboiRZXx02ZZlLhRVg1c"> 
  <strong>MicroStrategy (MSTR)</strong> has pioneered the " 
  <strong>corporate bitcoin treasury</strong>" model, accumulating massive BTC holdings as part of its treasury management strategy. Under executive chairman Michael Saylor, the company has effectively become a leveraged Bitcoin play, often trading at a premium to its underlying crypto holdings. Similarly, 
  <strong>Tesla</strong>maintains significant Bitcoin exposure, though its price correlation is more complex due to the company's primary automotive business. 
 </div> 
 <div class="ace-line ace-line old-record-id-MTMFdaIEloXl93xaBOYl51aFg0d">
   A new category of " 
  <strong>treasury concept stocks</strong>" has emerged, including companies like 
  <strong>Helius (HSDT)</strong>which focuses on the Solana ecosystem, and 
  <strong>Kindly MD (NAKA)</strong> with Bitcoin-focused treasury strategies. These stocks have exhibited extreme volatility, reflecting market uncertainty about how to value different blockchain ecosystem exposures. 
 </div> 
 <div class="ace-line ace-line old-record-id-K2fWd3g8no1q0pxXGUrlnvCGg2e">
   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-HI5kduVglor0DFxRxWjlT34VgSg">Latest Market Performance and Trends</h2> 
 <div class="ace-line ace-line old-record-id-BOV2dUKtFokvwcxV2v5loBJrgKf">
   September 2025 has revealed a 
  <strong>deeply fragmented landscape</strong> across crypto stocks, with performance diverging significantly based on business models, blockchain exposure, and market narratives. This divergence occurs against a backdrop of general strength in traditional equity markets, with the S&amp;P 500 reaching record levels above 6,600 points. 
 </div> 
 <div class="ace-line ace-line old-record-id-HXsCdAhwXo2WyuxHb7AlUrmrgth">
   Cryptocurrency infrastructure leaders displayed mixed performance. While Coinbase managed slight gains, other exchange-related stocks faced pressure. Bitcoin-focused companies like MicroStrategy experienced declines, suggesting investors might be rotating exposure away from pure-play BTC treasury strategies. The most dramatic movements occurred among " 
  <strong>treasury concept stocks</strong>" tied to specific blockchain ecosystems. SOL treasury stock Helius (HSDT) saw extreme gains, while BTC-focused Kindly MD (NAKA) suffered significant declines. This stark contrast highlights how investors are making nuanced distinctions between different blockchain ecosystems rather than treating crypto as a monolithic asset class. 
 </div> 
 <div class="ace-line ace-line old-record-id-S47Jd5GJQoUIWPx3E6WlqHW9gLc">
   Newly listed stocks also showed varied performance. 
  <strong>Figure (FIGR)</strong>, with its focus on real-world asset (RWA) tokenization, continued its strong upward trajectory from previous sessions. In contrast, 
  <strong>Gemini (GEMI)</strong> only managed minimal gains despite being a well-known crypto brand. This selectivity suggests investors are carefully evaluating business models rather than indiscriminately buying newly public crypto companies. 
 </div> 
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 </div> 
 <h2 class="heading-2 ace-line old-record-id-ZwuidjaxgoDCIZxzWqalH1hzgGe">Exchange Listings and Market Access</h2> 
 <div class="ace-line ace-line old-record-id-BAOZdyX6boTsQjxSVgcl8C67gBg">
   Cryptocurrency exchanges continue to play a crucial role in the crypto stock ecosystem, both as investment vehicles themselves and as platforms providing access to new digital assets. Recent exchange listing activity reveals continued interest in expanding investment opportunities within the crypto space, though with increasing selectivity. 
 </div> 
 <div class="ace-line ace-line old-record-id-CwjBdB5kXotlcmxiegFl2RlWggf">
   KuCoin announced the listing of 
  <strong>Velora (VLR)</strong>, describing it as a "next-gen cross-chain trading protocol unlocking scalable, MEV-safe DeFi markets". The token listing followed a structured process with deposits opening immediately, a call auction scheduled from 13:00 to 14:00 UTC on September 16, and trading commencing at 14:00 UTC the same day. Similarly, 
  <strong>Binance Alpha</strong> revealed plans to list Velora (VLR) on September 16, allowing eligible users to claim airdrops using their Alpha points. These coordinated listings across major exchanges suggest careful planning to ensure sufficient liquidity and market access. 
 </div> 
 <div class="ace-line ace-line old-record-id-DzPZdViyGohz0vxYg10lbwyhgSd">
   The listing of infrastructure projects like Velora aligns with a broader trend of investors seeking exposure to 
  <strong>crypto middleware</strong> and 
  <strong>base layer protocols</strong> rather than just simple applications. These technologies form the plumbing of the decentralized financial ecosystem and potentially offer more sustainable value capture than end-user applications with less defensible moats. 
 </div> 
 <div class="ace-line ace-line old-record-id-UFKjdfwBEouYlFxA5bmlywHUgHg">
   Exchange listing strategies have evolved significantly since the early days of crypto. Projects now typically undergo 
  <strong>structured processes</strong> including deposit periods, call auctions, and gradual trading rollout rather than immediate full-scale trading. This approach aims to reduce initial volatility and improve price discovery, though as recent performance shows, it doesn't eliminate extreme price movements entirely. 
 </div> 
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   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-Av6bdjvSdoQm1jxDrWDlogYagRe">Investment Perspective and Risk Assessment</h2> 
 <div class="ace-line ace-line old-record-id-WLfPdcpABoZxSfxFiEKlIq1hgSh">
   Evaluating crypto stocks requires a framework that acknowledges both their traditional equity characteristics and their unique exposure to digital asset ecosystems. From an investment perspective, several factors merit consideration when navigating this complex landscape. 
 </div> 
 <div class="ace-line ace-line old-record-id-TA5ldiYkPobfhDxpjSzlZf6ngAx">
   The 
  <strong>divergent performance</strong> between different types of crypto stocks suggests investors are increasingly discriminating between business models and blockchain exposures. Companies tied to specific ecosystems like Solana have outperformed those with Bitcoin-focused strategies, indicating that market participants are making calculated bets on which blockchain platforms will capture future value. This selective approach represents maturation in the space, moving beyond blanket optimism about "all things crypto" toward more nuanced analysis of specific value propositions. 
 </div> 
 <div class="ace-line ace-line old-record-id-StIJdZYKjoMVf0xuu1KlC9vAgQf">
   The 
  <strong>volatility extreme</strong> seen in crypto stocks presents both opportunity and risk. While sharp price movements can generate substantial returns, they also increase portfolio risk and require sophisticated risk management approaches. This volatility often exceeds what underlying cryptocurrencies experience, creating a peculiar situation where stocks theoretically should be less volatile than the assets they're exposed to but demonstrate the opposite pattern in practice. 
 </div> 
 <div class="ace-line ace-line old-record-id-V227dhY4poucRExWFASlFg1ugFf"> 
  <strong>Regulatory developments</strong> continue to significantly impact crypto stock valuations. Recent reports indicated that China and the U.S. reached a "basic framework consensus" on properly resolving TikTok issues. While not directly related to crypto, such developments in cross-border technology regulation can influence market sentiment toward crypto stocks more broadly. Additionally, the Federal Reserve's interest rate decisions create macroeconomic backdrops that affect risk assets including crypto stocks. 
 </div> 
 <div class="ace-line ace-line old-record-id-QIj3dF1wHo2g5kxZWg3lKUG8g0g">
   From a valuation perspective, traditional metrics like price-earnings ratios often prove challenging to apply to crypto stocks. Many companies in this space prioritize growth over current profitability, while others trade at valuations disconnected from their operational performance. Investors increasingly focus on 
  <strong>network effects</strong>, 
  <strong>technological moats</strong>, and 
  <strong>ecosystem alignment</strong> rather than traditional financial metrics when evaluating these companies. 
 </div> 
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   &nbsp; 
 </div> 
 <h2 class="heading-2 ace-line old-record-id-LWxtdyYqYowVERxyXjhlMmqbgdb">Conclusion and Future Outlook</h2> 
 <div class="ace-line ace-line old-record-id-NdbNdpL5woUcywxlRAmlAwNbgFc">
   The crypto stock market represents a fascinating intersection of traditional equity markets and emerging blockchain technologies. As September 2025 trading demonstrates, this market segment has evolved from being merely correlated with cryptocurrency prices to exhibiting complex internal dynamics based on business models, blockchain exposure, and market narratives. 
 </div> 
 <div class="ace-line ace-line old-record-id-KrHKdPr39oQPH1xaTJ5lcuVugeg">
   The 
  <strong>extreme divergence</strong> in crypto stock performance reflects an ongoing 
  <strong>valuation discovery process</strong>as investors attempt to price various approaches to capturing value from blockchain technology. Companies with exposure to specific ecosystems like Solana have outperformed those with Bitcoin-focused strategies, suggesting that investors are making nuanced calculations about which platforms will drive the next wave of adoption and value creation. 
 </div> 
 <div class="ace-line ace-line old-record-id-XTKadaaProYYlzxRG51lcouYgzn">
   Looking forward, several trends will likely shape the development of crypto stocks. 
  <strong>Regulatory clarity</strong>will remain a crucial factor, with clear frameworks potentially reducing volatility and attracting more traditional investors. The continued development of 
  <strong>blockchain infrastructure</strong> and emergence of new use cases like real-world asset tokenization could create new categories of crypto stocks with different risk-return profiles. Additionally, the 
  <strong>integration between traditional finance and crypto</strong>will likely accelerate, potentially reducing the performance divergence between crypto stocks and broader technology equities. 
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  <h3>Reference:</h3> 
  <p>Impact of Economic Events on the Cryptocurrency Market for the Next 2 Days - Crypto Trends &amp; News | Latest Updates. (2025, September 16). Retrieved from <a href="https://cryptotrends.news/crypto-indicators/sep-15-2025-impact-of-economic-events-on-the-cryptocurrency-market-for-the-next-2-days/" target="_blank" rel="nofollow noopener noreferrer">https://cryptotrends.news/crypto-indicators/sep-15-2025-impact-of-economic-events-on-the-cryptocurrency-market-for-the-next-2-days/</a></p> 
  <p>S&amp;P at Record Highs, Bitcoin at US$115K: Why This Convergence Signals a New Market Era. (2025, September 16). Retrieved from&nbsp;<a href="https://creationsforu.com/sp-at-record-highs-bitcoin-at-us115k-why-this-convergence-signals-a-new-market-era/" target="_blank" rel="nofollow noopener noreferrer">https://creationsforu.com/sp-at-record-highs-bitcoin-at-us115k-why-this-convergence-signals-a-new-market-era/</a></p> 
  <p>Bitcoin Daily Dip Hits 2% as 'Classic' BTC Price Action Precedes FOMC. (2025, September 15). Retrieved from&nbsp;<a href="https://cointelegraph.com/news/bitcoin-daily-dip-hits-2-classic-btc-price-action-precedes-fomc" target="_blank" rel="nofollow noopener noreferrer">https://cointelegraph.com/news/bitcoin-daily-dip-hits-2-classic-btc-price-action-precedes-fomc</a></p> 
  <p>&nbsp;</p> 
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   <em>Disclaimer:</em> 
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