Crypto World
Mighty Mike and the scam-coded future
A bizarre drama played out on YouTube this past week, when a channel called Mighty Mike Plays posted a video explaining how nine-year-old “Mighty Mike” apparently got a hold of his father Dave’s company card and spent $118,000 on a YouTube ad campaign.
However, the story immediately appeared to have a number of holes, and within a few days there were too many red flags for influencers, who had initially boosted the story’s reach, to ignore.
Just a kid and his dad
Mighty Mike Plays, which features Roblox and Minecraft videos, was created in June of 2024 but only started posting videos in August of this year.
Over the past month, the channel has uploaded 175 long and short form videos — a considerable number for a child of nine.
When it suddenly started reaching the front page of YouTube ads, people began to comment that Mike was going to get in trouble with his father. They were, in fact, being played by the marketing.
On September 14, the channel released a video titled “Message from Dad… Mighty Mike Plays is Over.”
In the video, Dave speaks while Mike plays Minecraft. He states that Mike had spent $118,000 on the YouTube ad campaign and worst of all that the charges were on his company card and now he might get fired.
Dave didn’t explain why he would ever use a company card for anything but company purchases or how using the card even for a $20 ad campaign — as he stated was his intention — wasn’t illegal, but no red flags outside of this were obvious yet.
Read more: Kalshi’s AI ad turned an Asian YouTuber into ‘a white dude’
99 problems and the vid is one
On September 18, a new video was released, once again with Mike playing Minecraft and Dave speaking. Unfortunately, this time the video was nothing but red flags. Dave states that he’s been fired from his job and that the company has demanded that he pay back all $118,000 within 30 days.
He doesn’t clarify what will happen in 30 days if the company isn’t paid back.
Dave doesn’t show any proof of ad spend or any emails with his colleagues where they discuss the circumstances. Instead he suggests that the family will soon lose their home because he’ll have to sell it within the 30-day period.
All of this sounds like fiction, but it only gets more absurd.
Dave states that he doesn’t want to start a GoFundMe or Kickstarter to support his family and doesn’t specify a reason, though it’s thought that if you lie about the reason you need funds on these websites you can get sued and the money can get clawed back.
Instead, he says, he wants to sell merchandise online to try to raise the funds himself — a bizarre decision.
Slop merch, slop campaign
Dave’s website is filled with AI-created merchandise, all selling for immense prices (nearly $100 for t-shirts that say “118k” and “67 wassup chat”), some supposedly already sold out.
And, as eagle-eyed YouTubers quickly pointed out, the terms of service, which previously promised that returns would be allowed within 30 days, now state that ALL SALES ARE FINAL.
It’s unclear if this is legal or binding to anyone who bought the merchandise before the change.

Needless to say, it’s now Dave who’s claiming that he’s going to be suing numerous influencers and YouTubers for suggesting that he’s a scammer, emailing them to say he’s hired a lawyer and will be taking them to court for libel — an expensive move for a man who supposedly just lost his job and owes $118,000.
Regardless, Mike and Dave are posting videos again but have yet to address any of the previous red flags littering their videos.
Protos will follow the story for more information if anything changes.
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Crypto World
Circle Foundation funds UNDP, WFP stablecoin payment trials
Circle Foundation has announced two grants to help the United Nations Development Programme and World Food Programme test digital payments for development work and humanitarian aid.
Summary
- UNDP will create a Digital Asset Innovation Pool to help country offices use lessons from earlier payment pilots.
- WFP will test two to three country payment corridors over the next three years.
- The WFP grant will fund risk controls, payment records, compliance tools and links to local financial providers.
- Circle Foundation’s funding comes from an equity commitment by U.S.-listed Circle Internet Group.
Circle Foundation said in its Sep. 25 announcement that the separate grants will help UNDP and WFP examine whether digital payments, including regulated payment stablecoins, can get funds to recipients faster and at lower cost.
UNDP will focus on making payment methods tested in individual projects available to more country offices. WFP will build the controls needed to test stablecoin payments alongside local financial services.
The grants fund different stages of that work. UNDP has already tested digital payment methods in several countries and will use its grant to support their use in regular programs. WFP’s grant, made to World Food Program USA, will pay for systems and partnerships needed before it tests payments across two to three country corridors.
How Circle Foundation will support UNDP payments
UNDP will establish and operate a Digital Asset Innovation Pool under the grant. Circle Foundation said the pool will help country offices use regulated payment stablecoins where they suit a development program, with guidance on local rules, day-to-day operations and safeguards for people receiving funds.
The pool will also give UNDP tools to measure how long payments take, what they cost and how many people they reach. UNDP said the mechanism will provide another option when ordinary payment systems create high costs, delays or barriers to access. It will continue using established banking channels.
Earlier pilots give UNDP a starting point. In Aleppo, Syria, the agency tested digital payments for a cash-for-work project. In Haiti, it tested disbursements designed for limited connectivity. A Guatemala project linked remittances to community investment, while work in The Gambia connected mobile wallets to existing cash-agent networks.
In July, crypto.news covered UNDP’s expanded Stellar partnership after 16 months of blockchain payment tests. UNDP reported that the Syria pilot reduced distribution costs from 10% to 2%. It also said a Haiti pilot kept processing payments during a cellular network outage. Those results came from earlier projects; the new pool will help country offices decide how to apply lessons from them.
Robert Pasicko, team lead at UNDP’s Alternative Finance Lab, said the pool will support payments that are “faster, more affordable and easier to access,” particularly for people underserved by conventional banking. The lab led the agency’s Sustainable Development Goals Blockchain Accelerator, through which the earlier payment solutions were tested.
What WFP will test over three years
WFP’s grant will support the payment infrastructure behind its proposed trials. According to Circle Foundation, WFP and its Innovation Accelerator will develop governance and risk rules, treasury and reconciliation systems, and compliance tools that can work across multiple country operations.
Reconciliation matters when an aid organization needs to match money sent through a payment system with its own records and the amounts received locally. WFP will also connect the planned payment systems with local fintech firms and mobile-money providers, so a digital transfer can reach people through services available in their markets.
Over the next three years, WFP plans to test two to three country corridors linking its payment system with local financial providers and markets. Circle Foundation said the tests will produce evidence on payment efficiency, transparency and resilience. The grant will also support independent research into costs, speed and whether stablecoin payments can work in humanitarian operations.
Bernhard Kowatsch, director of WFP Global Accelerator and Ventures, said the funding will let WFP explore regulated stablecoin payments in “real-world contexts.” WFP will use the trials to develop the evidence, partnerships and systems needed to assess their use.
How the grants fit Circle’s UN payment work
The two grants follow Circle Foundation’s first international award, announced in January for the Digital Hub of Treasury Solutions. UNHCR launched that shared UN platform in 2021 to modernize financial operations. Circle said 15 organizations participate, including UNDP and WFP.
Circle’s January funding supported work on cross-border transfers, conversion into local currencies and links between financial systems. As previously reported by crypto.news, the foundation announced its first U.S. grants on Sep. 22, awarding funds to Accion Opportunity Fund and Pacific Community Ventures for lending and data tools serving small businesses.
The U.S. connection also runs through Circle Internet Group, which is listed on the New York Stock Exchange under CRCL and supports the foundation through a commitment of about 1% of its equity. Circle’s filings, cited in the earlier report, show that its board reserved up to 2,682,392 Class A shares for foundation contributions over ten years. Circle Foundation operates as a donor-advised fund managed by Fidelity Charitable.
That equity commitment describes how Circle funds the foundation. The Sep. 25 announcement identifies World Food Program USA as the recipient of the WFP-related grant and says its funding will support WFP and the WFP Innovation Accelerator’s payment work.
Crypto World
Everyone’s Still Talking About Climate Change, Actually
“People are now looking at the things that cause volatility, and they’re putting it together,” Sarah Kapnick, head of climate advisory at JPMorgan, told me on a Climate Week panel. “They’re putting geopolitics together with sustainability, climate, and AI.”
Still, the apparent vitality of New York Climate Week comes with caveats. I shared my sense that New York Climate Week has rebounded with a European climate leader, who pointed out that American participation may be strong but the presence of leaders from outside the U.S. has diminished somewhat, particularly from Europe. Simply put, many Europeans don’t want to travel here, instead putting their efforts into London Climate Action Week and other gatherings across the Atlantic.
The climate conversation has also survived in part by shedding some of its old vocabulary. Climate action, net zero, and emissions were mostly out. Energy security, competitiveness, and affordability were in. That may represent a retreat from the sweeping ambition of earlier Climate Weeks. But it also reflects a deeper reality: even when companies stop using the language of climate action, they cannot escape the problems rising emissions have created.
Crypto World
3 Altcoins That Could Reach All-Time Highs This Weekend
Selected altcoins — WhiteBIT Coin (WBT), Hyperliquid (HYPE), and Venice Token (VVV) — all set new all-time highs (ATH) between September 21 and 23. Each now trades between 4% and 12% below those peaks heading into the weekend.
WBT and HYPE return to the list after breaking their earlier records. However, bearish RSI divergence on all three charts suggests the next leg higher may not come easily.
WBT Sits 4.7% Below Its Record
WBT broke out above the 0.618 Fibonacci retracement at $62.48 in late August. It then climbed to its previous peak near $75.
From September 7, the token extended its rally inside an ascending parallel channel. Price reached the first target at the 1.272 Fibonacci extension near $84 and set a new record at $87.99.
WBT has since pulled back to that target, which now aligns with the channel’s lower boundary. A bounce could open the way toward the 1.618 extension at $95.37, roughly 13.5% higher.
Meanwhile, volume is fading, and the Relative Strength Index (RSI) has cooled to 67. Early bearish divergence has also appeared. A channel breakdown could send WBT back toward $75, around 11% lower.
HYPE Needs 6.1% for a New Peak
HYPE has already reached its first target at the 1.272 Fibonacci extension of $92.37. The next target sits at the 1.618 extension near $111.93, about 21% higher.
However, the chart shows a strong bearish divergence. RSI peaked at 82 on August 23, when HYPE traded near $82.50. Price has since climbed above $92, while RSI has dropped to 63.
This mismatch suggests buying momentum is weakening. A correction could first retest the previous ATH near $77, about 17% below the current price.
Below that, an ascending trendline from late January offers support near $61. The 0.618 Fibonacci retracement at $55.41 forms a deeper support confluence.
VVV Faces the Longest Climb to a Record
VVV needs an 11.7% rally to reclaim its $34.61 record. RSI stands at 68, which keeps the bullish structure intact.
The first target sits at the 1.272 Fibonacci extension of $36.76, around 19% above the current price. A move there would also mean a new ATH. The next target lies at the 1.618 extension near $46.26.
On the downside, the former record at $29.29 should now act as support. If it fails, the June 3 high near $21.47 forms another strong support confluence.
Overall, WBT has the shortest path to a new record. HYPE shows the clearest warning signal, while VVV offers the most upside but faces the steepest climb.
Token
Price
ATH
Distance to ATH
Next target
Key support
WBT
$84.04
$87.99
4.7%
$95.37
$84 / $75
HYPE
$92.38
$97.99
6.1%
$111.93
$77 / $61
VVV
$30.99
$34.61
11.7%
$36.76
$29.29 / $21.47
The post 3 Altcoins That Could Reach All-Time Highs This Weekend appeared first on BeInCrypto.
Crypto World
Ripple CEO Admits He Owns Solana, Says XRP Isn’t His Only Bet
Ripple CEO Brad Garlinghouse has stunned the XRP community with a surprising admission. He revealed that he personally holds Solana tokens alongside his XRP position. The comment challenges the idea that Ripple’s chief backs only XRP.
Garlinghouse Breaks From XRP Maximalism
Garlinghouse told a podcast audience that he does not push people toward XRP alone. Instead, he encourages a broader approach to crypto holdings. He suggested buying the top five cryptocurrencies by market cap and holding for five years.
That basket currently includes Bitcoin, Ethereum, Tether, BNB, and XRP. Garlinghouse’s remarks show he still values XRP as part of a diversified strategy. However, he made clear that XRP does not stand alone in his personal portfolio.
The Ripple CEO also stressed that he supports multiple blockchain projects for different reasons. He does not view himself as loyal to a single token. This stance marks a shift from the maximalist image often tied to Ripple leadership.
Solana Enters Garlinghouse’s Portfolio
Garlinghouse confirmed he owns a modest amount of Solana. He explained that he does not see Solana as a rival to XRP. Rather, he framed both networks as capable of succeeding together.
He pointed to Solana’s meme-coin activity as a factor driving fresh liquidity to the chain. This activity, he noted, strengthens Solana’s broader ecosystem over time. Garlinghouse added that he expects both XRP and Solana to perform well long-term.
Ripple’s leader also said his firm’s real competition comes from elsewhere. He named other blockchain projects as bigger threats to XRP’s market position. Still, he expressed support for Solana’s continued growth and adoption.
Market Context Around The XRP And Solana Remarks
XRP has long carried a reputation shaped by loyal supporters and cross-border payment use cases. Ripple has spent years building partnerships tied directly to XRP adoption. Garlinghouse’s comments do not change that underlying business focus.
Solana, meanwhile, has grown through fast transaction speeds and a thriving meme-coin culture. The network has attracted developers and traders seeking lower fees. Garlinghouse’s disclosure adds a notable voice to Solana’s growing credibility.
For XRP holders, the statement signals that diversification does not equal disloyalty. Garlinghouse continues to back XRP as part of his five-year basket strategy. His comments simply widen the conversation beyond XRP alone.
Ultimately, the remarks reflect a broader shift toward multi-asset crypto strategies among industry leaders. XRP remains central to Garlinghouse’s outlook, even as his portfolio expands. The market now watches how this balanced stance shapes future XRP and Solana sentiment.
Crypto World
IBIT Options Price Calmer Trading After Bitcoin’s Rebound

IBIT’s expected volatility sits near the bottom of its 12-month range, according to Saxo Bank’s analysis of options data from Sept. 23.
Crypto World
Crypto’s Split Screen: Washington Tightens the Rules as Markets Wobble and Hackers Strike Again
Article by: CryptoMan
Cryptocurrency had one of those days this week that captures the industry’s entire identity crisis in miniature: regulators in Washington were busy building guardrails for an asset class that keeps proving, hack after hack, why it needs them, while traders shrugged off a nine-figure exchange breach and kept their eyes on bond yields instead.
On Thursday, the Federal Reserve unveiled a long-awaited proposal spelling out capital, redemption and disclosure requirements for stablecoin issuers operating under its supervision — the clearest sign yet that Washington intends to treat dollar-pegged tokens less like speculative curiosities and more like the payment infrastructure they’re becoming. The same day, crypto exchange Bitget confirmed that roughly $351.6 million had been siphoned out of its hot wallets, forcing a temporary halt to withdrawals. Meanwhile, Bitcoin held a shaky line near $84,000 as the 10-year Treasury yield touched levels not seen since 2007, and the Commodity Futures Trading Commission quietly rewrote its own rulebook after Congress once again failed to pass comprehensive crypto legislation.
Taken together, it’s a snapshot of an industry maturing on two tracks at once — one where federal agencies race to fill the vacuum left by a gridlocked Congress, and another where the everyday hazards of running billions of dollars through digital wallets haven’t gone away.
The Fed lays down the law on stablecoins
The Fed’s proposal is its first major step in implementing the GENIUS Act, the law that already requires stablecoin issuers to back their tokens one-to-one with cash, bank deposits or short-term Treasurys. What the Fed added Thursday is the fine print: an operational-risk capital charge scaled to an issuer’s size — 2% on the first $20 billion in stablecoins outstanding, 1.5% on the next $30 billion, and 1% above that — plus additional buffers tied to credit and operational risk. Issuers would generally have to honor redemptions within two business days, and if their reserves ever dip below full backing, they’d be required to notify the Fed immediately and either top up the shortfall or start liquidating and redeeming tokens.
Transparency is baked in too. Issuers would have to publish monthly reports on their outstanding tokens and reserve composition, independently audited and personally certified by their CEO and CFO. A companion proposal would open a formal application pathway for Fed-supervised banks that want to issue stablecoins through subsidiaries.
Fed Governor Michael Barr backed the plan but made clear the job isn’t finished. “Stablecoins will only be stable if they can be reliably and promptly redeemed at par in a range of conditions,” he said, flagging market stress and issuer-specific strain as the real tests of any framework. Barr also pushed for stronger, universal redemption rights in the final rule and warned against language that would limit the Fed’s ability to act on anti-money-laundering failures unless they’re deemed “significant or systemic.”
The proposals now face a 60-day public comment period. The GENIUS Act itself is set to take effect January 18, 2027, or 120 days after final rules are issued — whichever comes first.
Congress stalls, so regulators move on their own
The stablecoin push arrived just days after the Senate failed to advance the Digital Asset Market Clarity Act, the bill meant to finally settle which agency — the SEC or the CFTC — has jurisdiction over which corner of the crypto market. With that effort stalled and few expecting Congress to revisit market-structure legislation before 2027, both regulators are simply proceeding without it.
The CFTC updated its guidance on tokenized assets and blockchain recordkeeping this week, clarifying that registered entities can invest customer funds in tokenized assets as long as those tokens carry legal and economic rights equivalent to the traditional version, and signaling it won’t object to blockchain-based recordkeeping. CFTC Chair Michael Selig framed the move as an effort “to provide regulatory clarity for the crypto industry,” even as he stopped short of tying it directly to the Senate’s failure. The SEC, for its part, has already floated its own rules on crypto investment contracts, with Chair Paul Atkins saying the agency is “ready, willing, and able” to act without Congress.
A reminder that the risks haven’t disappeared
If regulators are trying to make crypto safer on paper, Bitget’s breach was a reminder of how exposed the industry remains in practice. The exchange said its security systems flagged unauthorized transfers from a limited number of hot and warm wallets Thursday evening, prompting an immediate withdrawal freeze. CEO Gracy Chen said cold wallets were untouched, user balances remained accurate, and the entire stolen sum falls within the exchange’s $464 million User Protection Fund — effectively an insurance backstop meant to make customers whole. Bitget said it has flagged the addresses involved to law enforcement and onchain investigators and promised a full incident report within 24 hours, though it has yet to say how the attackers got in.
It’s the kind of incident that, a few years ago, might have sent shockwaves through crypto markets. This time, prices barely flinched — arguably because investors had bigger macro worries on their minds.
Bitcoin caught between yields and yield-chasers
Bitcoin spent Thursday oscillating around $84,000, briefly dipping below $83,000 before clawing back, as the 10-year Treasury yield climbed to 5.18% — its highest since July 2007 — and the 30-year hit 5.46%. Higher yields make government debt more attractive relative to non-yielding assets like Bitcoin, and the pressure was compounded by a weakening Japanese yen edging toward levels that could trigger intervention, which economist Mohamed El-Erian warned could add further strain to an already jittery Treasury market.
Even so, Bitcoin has managed to extend its August rally, defying predictions tied to its traditional four-year boom-bust cycle. Elsewhere in the market, the tokenized real-world-asset project Ondo Finance was a standout gainer, with its token reclaiming the $0.50 level for the first time since December as BlackRock-backed “Ondo Intelligent Portfolios” launched on Ethereum and BNB Chain — another sign that tokenization of traditional financial products keeps advancing even as legislative clarity lags behind.
And on the infrastructure side, a smaller but telling development: DoubleZero rolled out a dedicated fiber market-data feed for the decentralized exchange Hyperliquid, giving professional trading firms the kind of fast, institutional-grade access to order-book data long taken for granted on venues like the CME or Nasdaq. As Hyperion DeFi CEO Hyunsu Jung put it, onchain markets aren’t becoming traditional exchanges so much as adopting their plumbing — a quiet but steady sign of an industry professionalizing in the background, even as its regulatory foundation is still being poured.
Cryptocurrency is gaining ground as a valid payment method. New laws should provide stability and build user trust in stablecoins as an alternative currency.
The altcoin crypto payment space is generating very interesting opportunities and one of those is DAPAhe, a privacy-focused cryptocurrency built on a BlockDAG architecture; their website is hosted at dapahe.com.
Unlike standard blockchains that store transactional details in plain text, DAPA uses an account-based model secured by a layer-1 Twisted ElGamal homomorphic encryption and Zero-Knowledge Proofs.
This structure allows users to instantly check their balances by querying only the most recent block, providing full network anonymity without requiring a complete blockchain sync.
I checked the webwallet DAPA offer, and it’s a good functional wallet with a history of all transactions and a very easy setup. For me, one of its best features is the sync: once done, you don’t need to do it again unless you leave the browser you see;
🔐 Initializing Secure Balance Decryption
Starting cryptographic table initialization…
Crypto World
Aave V4 adds Coinbase tokenized stocks, will AAVE price respond?
Aave has announced a Base equities market designed to accept seven Coinbase-issued tokenized stocks as collateral for USDC loans, with an initial borrowing cap of $21 million.
Summary
- Seven tokens tied to U.S. technology stocks are included in Aave’s Equities Hub.
- Borrowers can pledge the stocks for USDC, while lenders supply the market’s dollar liquidity.
- AAVE traded near $146.80, up 2.4% over 24 hours, according to CoinGecko.
- Coinbase’s stock tokens remain restricted to eligible users outside the United States.
According to a Sep. 25 X post, the Equities Hub covers tokens tied to Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla. Eligible holders can deposit the tokens and borrow USDC against them without selling their stock exposure. Aave’s published Base deployment proposal lists the same seven assets, but still sets out governance votes as steps before deployment.
Aave V4 sets separate limits for each stock
Within the proposed market, the seven stocks serve only as collateral. Users cannot borrow the equity tokens or borrow one stock token against another, according to Aave’s governance materials. USDC is the sole borrowable asset.
Aave has set a $32 million limit on USDC supplied to the main lending market and a $21 million limit on USDC borrowed. Its risk provider, LlamaRisk, put the combined initial stock collateral cap at roughly $29 million. The limits describe how large positions can become; they do not measure deposits or loans already made.
Each stock also has its own borrowing limit relative to its collateral value. Aave’s published factors range from 65% for Meta and Tesla to 79% for Microsoft, with Apple at 78%, Alphabet at 76%, Amazon at 73%, and Nvidia at 70%. The amount a user can borrow therefore depends on which tokens they deposit, even when several stocks sit in the same position.
Aave’s V4 design places the equity positions in a dedicated Equities Hub with a shared USDC reserve. Suppliers who put USDC into that hub take exposure to loans backed by the seven stock tokens, while the equity market’s risks remain separate from Aave’s other Base markets. A separate supply-only route is intended for USDC vaults and aggregators.
Stani Kulechov, founder and CEO of Aave Labs, described the lending use:
“Until now a tokenized stock was something you could hold or trade. Today it becomes something you can borrow against.”
Aave’s governance materials describe the Base deployment as a proposal requiring an offchain Snapshot vote followed by an onchain vote.
Chainlink feeds price the collateral around U.S. stock hours
Chainlink supplies the feeds Aave plans to use when valuing each stock token. LlamaRisk says the initial feeds publish from Sunday evening through Friday evening Eastern time and retain their last published value over weekends and market holidays.
Loans can operate around the clock, but the shares behind the tokens trade during U.S. market sessions. According to LlamaRisk, information released while the stock market is closed may appear in the feed as a single price change when publication resumes. The risk provider says that gap matters when setting collateral factors and liquidation terms, because a borrower’s position may have less room to absorb a sharp reopening move.
Chainlink expects to provide continuous feeds for the tokens later, LlamaRisk said. The risk provider plans to review market settings once those feeds are operating. For now, its published design uses the existing schedule and monitors the equity tokens and external markets.
Coinbase’s stock products reached Base before the Aave announcement. In August, the exchange introduced four tokens tied to Apple, Alphabet, Meta and Nvidia; September additions brought its lineup to 10. The seven selected for Aave’s market are all tied to publicly traded U.S. technology companies. As crypto.news reported on the initial rollout, Coinbase describes the tokens as beneficial interests backed by underlying shares, rather than products that only track stock prices.
U.S. investors remain outside Coinbase’s current offering
Coinbase issues the products through an Abu Dhabi-based entity, while Alpaca Securities acts as broker and custodian for the underlying public shares, according to the token prospectus reviewed in the earlier report. The tokens are offered to eligible non-U.S. users and are not registered under the U.S. Securities Act. Their connection to Apple, Nvidia, and other American stocks does not make the products available to U.S. investors.
The distinction also applies to the new borrowing use. Base Head of Growth Antonio García-Martínez said eligible customers outside the United States can use the tokens to borrow USDC, while suppliers of USDC can earn interest. The Equities Hub announcement does not change Coinbase’s stated geographic restrictions.
The Securities and Exchange Commission has separately opened a conditional, five-year route for certain tokenized U.S. stocks to trade on qualifying permissioned venues. In coverage of the SEC relief, analysts identified Coinbase as a company that could seek to use the route, while noting that its existing offshore products would need to meet the applicable U.S. conditions. The Aave announcement concerns lending against Coinbase’s current tokens on Base, not authorization for those tokens to be offered to U.S. persons.
Aave is also pursuing another tokenized-asset lending market. On Sep. 16, it outlined an Avalanche credit hub where institutions would borrow Tether’s USA₮ against tokenized assets. The Base proposal instead names seven Coinbase stock tokens as collateral and USDC as the loan asset.
AAVE price approaches $155 resistance
On the daily chart, AAVE rose slightly to $147.41 after reaching $150.14 during the session. The token traded above its Supertrend line at $117.29, while the Aroon Up reading of 85.71% exceeded Aroon Down at 35.71%, pointing to a stronger upward trend. AAVE now faces resistance at $155.43; the nearest marked support is $134.56.

The next marked level above the price is $155.43. A daily close above it would put AAVE beyond the upper boundary shown on the chart. If the price pulls back instead, the marked levels below are $134.56 and $118.18, with the Supertrend line near the latter.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
Strategy (MSTR) turns to daily dividends in push to restore STRC to $100
Strategy is asking shareholders to approve daily dividends across its four U.S. listed preferred stocks, STRF, STRC, STRK and STRD.
The largest corporate holder of bitcoin proposed that dividends would accrue every calendar day, including weekends and holidays, and be paid on the next business day.
The proposal changes payment timing, but leaves dividend rates and total regular dividend amounts unchanged. Shareholders are due to vote on Oct. 28. If approved, STRC’s first daily dividend would be paid on Nov. 2.
This move to daily dividends would be primarily targeted at STRC, which went from monthly to bi-monthly payments in June. STRC has still struggled to return to its $100 stated value since May, and fell to as low as $71 during bitcoin’s selloff back in June. Its annual dividend rate is currently 12%.
Daily payments could make STRC more attractive to income investors by reducing the wait to receive and reinvest dividends, while smoothing price moves around payment dates. Strategy says supporting a trading price close to $100 is the aim of the change.
Crypto World
Altcoins Steal the Spotlight as Bitcoin Dominance Fades After $87K Rejection: Weekly Crypto Recap
It was a rather interesting and unexpected week for the cryptocurrency markets, especially since the setbacks suffered just ten days ago.
Recall the market update from last Friday, in which we reported that BTC had somehow crossed the $80,000 barrier despite the failure of the CLARITY Act in the US Senate and the Fed’s subsequent interest rate hike. The cryptocurrency slipped to $75,000 after both of those developments, but rebounded swiftly and reclaimed the key $80,000 level by Friday afternoon. It hasn’t been below that level since.
Although it was initially stopped at $82,000 during the previous weekend after more bad macro news, this time on the two major war fronts, BTC started the current business week with one of its most impressive rallies this year. It defended the $80,000 support and the bulls drove it higher by $7,000 in less than 24 hours. As such, the cryptocurrency topped $87,000 for the first time since late January on the heels of massive ETF inflows.
It pulled back to $85,000 almost immediately, but the bulls initiated another leg up to $87,300. However, the rejection scenario repeated, and BTC has been unable to recapture its momentum since then. Moreover, it dipped below $83,000 on Thursday before it found support and bounced off to $85,000 earlier today.
The bears were more persistent once again, stopping its progress there and pushing it south to $83,500 as of press time. This means that the largest cryptocurrency is still 5% up weekly, but its performance has dwindled compared to most alts. The graph below will show the clear winners, led by BTW’s massive 73% weekly surge. ENA (52%), NEAR (45%), ONDO (40%), SUI (39%), BCH (32%), and AVAX (29%) follow suit.
Among the largest alts, XRP, LINK, and ADA stand out as the top performers, with gains of 17%-18%. Naturally, this has driven the BTC dominance metric south hard, losing roughly 2% in a week.
Market Data

Market Cap: $3T | 24H Vol: $113B | BTC Dominance: 56.5%
BTC: $83,500 (+5%) | ETH: $2,685 (+5.9%) | XRP: $1.57 (+17%)
This Week’s Crypto Headlines You Can’t Miss
This Signal Has Flipped to Altcoin Season as Crypto Rally Spreads Beyond Bitcoin. We continue with the altseason narrative as Glassnode’s Altcoin Cycle Signal flipped from BTC season to one dominated by altcoins this week, which was not the case during the August rally.
Bitcoin Just Broke Its Correlation With Gold, Stocks, and the Dollar: What Changed? Meanwhile, BTC’s relationship with the largest asset classes such as US equities and the precious metal market has deteriorated as most have failed to follow the cryptocurrency’s resurgence.
Zcash Tops $1,600 After Europe’s First ZEC ETP Debuts. The popular privacy coin continued its impressive ascent in the past several days, surging past $1,600 for the first time in a decade. The latest move higher came after 21Shares launched the first ZEC ETP in Europe.
Bitget Reports $351M Hot Wallet Breach, Says User Funds Are Covered. The week didn’t go by without a major incident as Bitget reported an incident in which bad actors swiped over $350 million in various cryptocurrencies. The exchange promised that every dollar of that loss falls under its User Protection Fund, so customers’ balances will remain whole.
Ondo Finance Unveils BlackRock-Backed On-chain Portfolios for Investors. Ondo launched three new on-chain portfolio products based on BlackRock strategies, aiming to integrate traditional portfolio management with blockchain. Perhaps it’s no surprise that its native token is among the top gainers over the past week.
Strategy’s Bitcoin Stash Hits 846,000 After Fresh 950 BTC Purchase. After another pause, this time a smaller one of just three weeks, the world’s largest corporate holder of bitcoin resumed its purchases, accumulating 950 BTC for $75.7 million. Interestingly, Strive made an even more impressive buy this week, scooping 1,355 units for $107.7 million.
The post Altcoins Steal the Spotlight as Bitcoin Dominance Fades After $87K Rejection: Weekly Crypto Recap appeared first on CryptoPotato.
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Crypto World
Tokenization is moving faster than Washington
The debate is no longer whether blockchain technology might someday reach traditional capital markets. The question is how existing markets will incorporate it and what rules will govern that transition.
Andrew Cuomo is the former Governor of New York, and a board member of OKX.
Tokenization does not eliminate financial risk, nor does it make the basic responsibilities of regulators obsolete. Quite the opposite. Markets ultimately function on trust, and new technology succeeds only when investors have confidence that ownership is real, transactions are reliable, markets are fair and bad actors will be held accountable.
I learned that lesson from the other direction.
As New York attorney general during the financial crisis, I saw what can happen when innovation and financial engineering move more quickly than oversight and risk management. Subprime lending and increasingly complex mortgage securities were promoted as innovations that expanded access to credit and distributed risk. Instead, bad underwriting and inadequate safeguards helped transmit risk throughout the financial system.
The lesson wasn’t that financial innovation should stop. It was that innovation and regulation have to develop together.
That appears to be the approach the SEC is taking now.
Its exemption isn’t a free-for-all. All trading venue participants must be permissioned. Tokenized shares traded under the exemption must provide investors the same rights and privileges as the traditional shares of an equivalent class. Trading venues face limits on the number and volume of tokenized securities they can trade. Issuers can object to the trading of their shares when tokenized by unaffiliated third parties. Smart contracts must be auditable and deployed on public blockchains, and trading in a tokenized security must stop when trading in the underlying security is halted.
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