USDT supply hits 175B

SUI Group has teamed up with Ethena to launch new yield-bearing stablecoins on the Sui blockchain, a move that aims to lessen the dependency on USDC. This partnership is significant as it not only diversifies the stablecoin market but also enhances the financial ecosystem within the Sui blockchain, potentially attracting more users and investors looking for alternatives to traditional stablecoins.

Giza Tech has teamed up with Lido Finance to introduce staked Ether into Pendle markets, marking a significant step forward in decentralized finance (DeFi). This collaboration aims to enhance automated strategies and optimize yield, which could attract more investors to the DeFi space. As the market evolves, partnerships like this are crucial for driving innovation and improving the efficiency of financial products.

Tether has made a significant move by acquiring 8,889 Bitcoin in a single transfer from Bitfinex, boosting its Bitcoin reserves to approximately $9.8 billion. This $1 billion addition marks one of the largest top-ups to Tether's BTC balance this year, highlighting the company's strong position in the cryptocurrency market. The timing of this purchase suggests a strategic approach, reflecting Tether's confidence in Bitcoin's future and its commitment to maintaining a robust stockpile.

In Venezuela, where hyperinflation has reached a staggering 229%, many are turning to USDT, also known as Binance dollars, as a more stable currency alternative. This shift is significant as merchants are now pegging their prices to Binance P2P dollar rates, providing a lifeline to consumers struggling with the devaluation of the national currency. This trend highlights the growing importance of cryptocurrencies in economies facing severe financial instability.

Bitcoin has surged to a two-week high, driven by disappointing September jobs data and increasing bets on a Federal Reserve rate cut. This rise suggests that as the economy shows signs of softening, risk assets like Bitcoin could see significant gains if the Fed shifts to a more accommodative monetary policy. This development is crucial for investors as it indicates a potential shift in market dynamics and could lead to increased interest in cryptocurrencies.

Bitwise has launched the Avalanche Staking ETP on Deutsche Börse Xetra, marking a significant step in the integration of cryptocurrency into traditional finance. This move highlights the increasing interest from institutional investors in scalable blockchain solutions, which could pave the way for broader adoption of digital assets in mainstream markets.

September 2025 has turned out to be an unexpectedly positive month for the crypto market, particularly for Bitcoin. Despite a significant drop in the last week, the overall gains from earlier in the month remained intact, thanks to a combination of encouraging Bitcoin news and strong buyer support. This resilience is crucial as it lays a solid foundation for Bitcoin's future performance, especially with Tether moving billions in BTC, indicating confidence in the market.

In September, Solana successfully bridged over $760 million in assets from other chains, marking a significant boost in its cross-chain activity. This surge not only enhances the liquidity of Solana's ecosystem but also positions it as a formidable player in the decentralized finance (DeFi) markets. Such developments are crucial as they indicate growing confidence in Solana's capabilities and its potential to attract more users and investors.

Tether, the issuer of the popular stablecoin USDT, has made a significant move by purchasing 8,888 bitcoins worth around one billion dollars. This decision underscores Tether's long-term strategy, highlighting the growing importance of Bitcoin as a key asset among major players in the market. As digital gold gains traction, this acquisition signals a strong belief in Bitcoin's future value, making it a noteworthy development in the cryptocurrency landscape.

Tether is making a significant move by partnering with Rumble to distribute its newly launched USAT stablecoin in the U.S. This collaboration marks Tether's return to the American market and highlights the growing acceptance of stablecoins in mainstream finance. By leveraging Rumble's platform, Tether aims to reach a broader audience, which could enhance the adoption of digital currencies and provide more options for users in the evolving financial landscape.

Meme coins are experiencing a resurgence, with Bitcoin's price soaring past $115,000 and aiming for $120,000. In this context, MemeCore has emerged as a top contender for investment, showcasing remarkable recovery and resilience despite a recent dip. This is significant for traders seeking high returns, as the market dynamics shift and opportunities arise in the crypto space.

In cities like Nairobi and Lagos, stablecoins such as USDT and USDC are becoming essential tools for people grappling with inflation. These digital currencies not only help individuals preserve their purchasing power but also reduce the high costs associated with remittances. Additionally, the integration of stablecoins with mobile wallets like M-Pesa makes it easier for users to manage their finances. This trend highlights the innovative ways Africans are adapting to economic challenges, showcasing the potential of cryptocurrency in everyday life.

In September, prediction markets surged in popularity, with trading volume skyrocketing to $4.28 billion, indicating a growing interest among crypto enthusiasts. This rise comes as Solana's memecoin trading experiences a downturn, leading many to speculate whether prediction markets are becoming the new playground for risk-takers seeking excitement and profit. This shift could reshape the landscape of crypto trading, highlighting the evolving strategies of investors.

Shiba Inu is at a critical juncture as it approaches a key demand zone on the SHIB/USDT chart, according to analyst CryptoNuclear. This area, which has historically supported the price since 2022, is seen as a make-or-break level for the cryptocurrency. If Shiba Inu can maintain its position above this range, it could lead to significant upward movement; however, a drop below could signal a decline in market structure. This situation is crucial for traders and investors as it could define the trajectory of Shiba Inu in the upcoming months.

US lawmakers are expressing serious concerns over the SEC's oversight following the disappearance of critical data related to former chair Gary Gensler. This situation raises questions about the integrity of enforcement actions and the transparency of regulatory processes. The loss of such data could undermine public trust in the SEC, which is crucial for maintaining a fair and orderly market. As lawmakers demand accountability, this incident highlights the ongoing scrutiny of regulatory bodies and their impact on investor confidence.

Senator Ron Wyden, a prominent Democrat, is continuing his investigation into the tax practices of Pantera Capital founder Dan Morehead. This probe is significant as it highlights ongoing concerns regarding tax compliance among high-profile investors and the broader implications for financial regulation. The outcome could influence future policies and set a precedent for how similar cases are handled.

Today's crypto news highlights the latest trends and events affecting Bitcoin prices and the broader cryptocurrency landscape, including blockchain developments, DeFi innovations, NFT activities, and Web3 advancements. Staying updated on these topics is crucial for investors and enthusiasts alike, as they can significantly influence market dynamics and regulatory discussions.

REXShares is making a significant move by filing with the SEC to launch the BitMine Growth and Income ETF, which will provide investors with direct exposure to BMNR stock. This initiative is important as it opens up new investment opportunities in the cryptocurrency sector, allowing more people to participate in the growing market. With the ETF, investors can potentially benefit from the performance of BMNR, making it a noteworthy development in the financial landscape.