MetaMask officially launches stablecoin MetaMask USD (mUSD). Crypto wallet service MetaMask announced the launch of the stablecoin MetaMask USD (mUSD). According to the official introduction, this stablecoin runs on the Linea blockchain, offers fiat currency deposit services, supports MetaMask Swap and Bridge transactions, and can be used at merchants worldwide via the MetaMask card. The Ethereum Foundation has established an artificial intelligence team called "dAI" and is recruiting. The Ethereum Foundation has established an artificial intelligence team called "dAI," led by Davide Crapis. The team aims to collaborate with Silicon Valley giants and cryptocurrency developers to establish Ethereum as the foundational layer of the artificial intelligence ecosystem. In addition to core developers, the team will initially have two full-time positions and is currently recruiting. It is reported that in the short term, the team will focus on implementing proposals such as ERC-8004, which will create a standard for AI agents so that they can be seamlessly discovered, verified, and traded throughout the Ethereum ecosystem.
Market
As of press time, according to Coingecko data:
BTC price is $115,493, up or down 0.1% in 24 hours;
ETH price is $4,525.61, up or down -1.8% in 24 hours;
BNB price is $919.61, up or down -0.8% in 24 hours;
-2.7%;
DOGE price is $0.2687, with a 24-hour increase or decrease of -3.6%;
XRP price is $3.00, with a 24-hour increase or decrease of -1.1%;
TRX price is $0.3449, with a 24-hour increase or decrease of -1.1%;
The price of WLFI is $0.2163, with a 24-hour change of +4.1%. Policy: US lawmakers and crypto executives including Michael Saylor are promoting the establishment of a US strategic Bitcoin reserve. Strategy co-founder Michael Saylor, Marathon Digital Holdings CEO Fred Thiel, and more than a dozen other crypto industry leaders will hold a roundtable meeting on Capitol Hill in Washington, D.C., with Senator Cynthia Lummis and Congressman Nick Begich to promote legislation for a "strategic Bitcoin reserve." The proposal, reintroduced by Lummis in March of this year as the "BITCOIN Act," plans to acquire one million Bitcoins over five years through a "budget-neutral strategy" and establish them as a US strategic reserve asset. The bill expands on President Trump's executive order requiring the government to permanently hold Bitcoin, prohibit its sale, and place seized crypto assets in an independent reserve. The bill has been referred to the House Financial Services Committee and the Senate Banking Committee, but has not yet been scheduled for a hearing. This action, which follows Congress's passage of the first stablecoin regulation bill, signals a shift in lawmakers' focus on broader crypto regulation. Industry groups such as the Digital Power Network (DPN) have stated their commitment to ensuring a strategic Bitcoin reserve is a priority in Washington. The U.S. Securities and Exchange Commission (SEC) and Gemini have reached a "settlement in principle" in the multi-year lawsuit over the Gemini Earn crypto lending program. The settlement, which is expected to fully end the litigation, still requires final SEC approval, and the specific terms have not yet been disclosed. The SEC sued Gemini and Genesis Global Capital in 2023, alleging they offered unregistered securities to retail investors. Founded in 2014, Gemini recently raised $425 million in its IPO on Nasdaq.
▌EU member states called on EU lawmakers to give the European Securities and Markets Authority the power to regulate crypto companies
Regulators in France, Italy and Austria called on EU lawmakers to give the European Securities and Markets Authority the power to regulate crypto companies. The EU's new crypto regulatory system has raised concerns that there are inconsistent standards among member states in issuing licenses. The chairman of the French Financial Markets Authority: Due to concerns about overly loose standards for issuing crypto licenses, it may affect the "passporting rights" of crypto companies (if you obtain a license in one EU country, you do not need to apply for licenses in other member states again). Robinhood (ticker symbol HOOD) plans to launch a publicly traded fund, Robinhood Ventures Fund I, to provide US retail investors with access to private companies (including those that haven't yet gone public). Robinhood claims that private investment opportunities have long been primarily reserved for wealthy individuals and institutions, excluding ordinary investors. This fund will change this landscape, allowing ordinary investors to participate in the elite investment world. Robinhood has filed a preliminary registration statement for the fund's public offering with the US Securities and Exchange Commission (SEC) and plans to trade on the New York Stock Exchange (NYSE) under the ticker symbol RVI. The company says the fund will hold its portfolio for the long term and cover multiple industries, responding to the recent decline in the number of public companies and the significant growth in the number and value of private equity firms, which now exceed $10 trillion. Coinbase CEO Clarifies: No Explicit Plans for a Base Network Token at This Time Coinbase CEO Brian Armstrong clarified on the X platform regarding Base's announcement that it intends to explore launching a network token. While Coinbase CEO Brian Armstrong stated that they are indeed exploring the Base Network Token and hope that it will be an excellent tool to accelerate decentralization and expand the growth of creators and developers in the ecosystem, it should be noted that there are no firm plans for the token at this stage, and that the disclosure is only for the purpose of publicly updating the concept. It is reported that no specific details regarding the timing, design, or governance of the Base Network Token are available yet. Ripple announced a $25 million donation in RLUSD to two US nonprofits. Ripple announced a $25 million donation to two US nonprofits, Accion Opportunity Fund and Hire Heroes USA. The funds, provided in Ripple's USD stablecoin, Ripple USD (RLUSD), aim to expand access to financing for underserved small business owners. Prediction market platform Kalshi is close to completing a new funding round that will more than double its valuation to $5 billion. The company stands out due to its US regulatory status and recent partnership with Robinhood. OpenAI releases GPT-5-CODEX. OpenAI stated that GPT-5-Code is a version of GPT-5 that further optimizes the proxy encoding in Codex. CoinShares: Digital asset products saw $3.3 billion in inflows last week. CoinShares' latest weekly report shows that digital asset investment products saw $3.3 billion in inflows last week. Market sentiment has clearly rebounded, impacted by weaker-than-expected US macroeconomic data. Total assets under management (AuM) reached $239 billion, approaching the all-time high of $244 billion set in August. Bitcoin led the way, attracting $2.4 billion in inflows, the highest since July. Ethereum ended its eight-day outflow streak, recording $646 million in inflows. Solana set a new single-day inflow record of $145 million on Friday. Regionally, the United States contributed $3.2 billion, Germany saw $160 million, and Switzerland saw an outflow of $92 million. Paypal has integrated cryptocurrencies into its new P2P payment process. Paypal announced the integration of cryptocurrencies into its new P2P payment process, supporting Bitcoin, Ethereum, and PYUSD. MicroStrategy's Bitcoin strategy has achieved an annualized return of 91%. MicroStrategy Chairman Michael Saylor stated that the company's Bitcoin-focused strategy has achieved an annualized return of 91%, surpassing tech giants such as Nvidia (72%) and Tesla (32%). Furthermore, data shows that the world's top 100 publicly traded companies collectively hold over 1 million Bitcoins, valued at approximately $117 billion. Strive Launches $450 Million Public Offering to Further Increase Bitcoin Holdings Bitcoin treasury company Strive (NASDAQ ASST) announced the launch of a $450 million public offering to increase its Bitcoin holdings and boost the proportion of Bitcoin contained in each share. The offering is part of a $950 million capital initiative, which also includes a $500 million share repurchase program to enhance balance sheet flexibility. Strive currently holds 69 Bitcoins, valued at approximately $7.9 million, and can raise an additional $750 million through warrants over the next 12 months. The company stated that it will issue preferred shares through a registered structure to purchase additional Bitcoins, increasing shareholder exposure and enhancing value.
▌Reliance Global establishes digital asset treasury strategy, and plans to invest US$60 million to purchase BTC, ETH, etc. in the first phase
Nasdaq-listed Reliance Global Group announced that its board of directors has approved the strategic expansion into the digital asset and blockchain fields and the establishment of a digital asset treasury including an investment portfolio of BTC, ETH and SOL. The company plans to purchase up to US$60 million in digital assets in the first phase, and will subsequently invest another US$60 million, for a total investment of US$120 million. These assets will be managed by its newly established Cryptocurrency Advisory Committee.
▌BitMine added 82,233 ETH last week, bringing its cryptocurrency and cash holdings to $10.8 billion
As of 6:00 PM ET on September 14, BitMine's cryptocurrency holdings included 2,151,676 ETH (an increase of 82,233 from last week's announcement), 192 BTC, $214 million in Eightco (NASDAQ: ORBS) shares, and $569 million in unencumbered cash.
▌Helius Secures Over $500 Million in Financing to Establish SOL Treasury
Solana infrastructure provider Helius has secured over $500 million in financing, led by Pantera Capital and Summer Capital, to establish SOL Treasury. Next Technology filed for a $500 million stock offering, intending to use part of the proceeds to increase its Bitcoin holdings. Next Technology (NASDAQ: NXTT) filed for a $500 million common stock offering, intending to use part of the proceeds to increase its Bitcoin holdings. Strategy acquired 525 Bitcoins for $60.2 million last week. Strategy acquired 525 BTC last week for approximately $60.2 million, at a price of approximately $114,562 per Bitcoin, and has achieved a 25.9% return on BTC so far in 2025. As of September 14, 2025, Strategy held 638,985 BTC at a price of approximately $73,913 per Bitcoin. Hyperscale Data Launches $100 Million Bitcoin Funding Strategy Hyperscale Data has launched a $100 million Bitcoin funding strategy as part of its transformation into a pure AI and digital asset company. Forward Industries Holds 6.822 Million Sols at a Total Cost of Approximately $1.58 Billion Nasdaq-listed Forward Industries announced that it has purchased 6,822,000 Sols at an average price of $232, for a total cost of approximately $1.58 billion. The company reportedly acquired Sols through a combination of open market purchases and on-chain transactions. They previously stated that their goal was to build an institutional-scale pool of capital to deploy in a sophisticated manner within the Solana ecosystem, thereby creating differentiated value and increasing the value of each Sol at a faster rate than simply passively holding it. The REX-Osprey XRP ETF (XRPR) is confirmed to launch this week. The REX-Osprey XRP ETF (XRPR) is confirmed to launch this week and will become the first ETF to provide investors with exposure to the performance of XRP, the third-largest cryptocurrency. It is being launched by REX-Osprey, the team behind SSK. Earlier today, Bloomberg Senior ETF Analyst Eric Balchunas published a post revealing that "As of now, the Dogecoin ETF DOJE is scheduled to launch this Thursday, along with the 40 Act spot XRP ETF XRPR (they are in the same prospectus that has already been effective). Trump and Bonk are also included, but the launch dates for these two have not yet been announced." Coinbase will list Boundless (ZKC) spot trading Coinbase announced that it will list Boundless (ZKC) spot trading. If liquidity conditions are met, trading will open later today.
▌USDC Treasury minted an additional 250 million USDC
According to Whale Alert monitoring, at 04:46 Beijing time today, USDC Treasury minted an additional 250,000,000 USDC.
Important Economic Dynamics
▌Trump: Powell must cut interest rates more than he expected
US President Trump said that Powell must cut interest rates immediately, and the rate cut must be larger than he expected.
▌Financial Times: Trump says Washington and Beijing have reached an agreement on the future of TikTok
According to the Financial Times, US President Donald Trump said Washington and Beijing have reached an agreement on the future of TikTok.
▌Bullard expressed his willingness to take over the Federal Reserve and a cumulative interest rate cut of 75 basis points by the end of the year is reasonable
Former St. Louis Fed President James Bullard said on Monday that he had spoken with U.S. Treasury Secretary Bensonant last week about becoming Fed chairman and expressed his strong interest in the position if the conditions were right. Bullard is currently the dean of the Mitch Daniels School of Business at Purdue University and led the St. Louis Fed from 2008 to 2023. Bullard said, "If we are prepared for success, I would accept the job...Success means defending the dollar's status as a reserve currency, maintaining low and stable inflation, and protecting the independence of the Federal Reserve." Bullard said he expects the FOMC to cut interest rates by 25 basis points and signal further easing, believing that the market's expectation of a cumulative 75 basis points of rate cuts by the end of the year is reasonable. Bullard agrees with the tariff-inflation temporary theory and tends to support Fed Governor Tim Cook, who is embroiled in a dismissal controversy. The probability of a 25 basis point Fed rate cut this week is 95.9%. According to CME's "FedWatch," the probability of a 25 basis point Fed rate cut this week is 95.9%, and the probability of a 50 basis point cut is 4.1%. The probability of a cumulative 25 basis point Fed rate cut in October is 23.1%, the probability of a 50 basis point cut is 73.8%, and the probability of a cumulative 75 basis point cut is 3.1%. Is Sui the future of the decentralized web? Sui was launched in May 2023 by Mysten Labs, founded by former Meta engineers involved in Facebook's Diem project (formerly Libra). Sui aims to provide a decentralized solution capable of processing large volumes of transactions with minimal latency. One of Sui's standout features is its parallel transaction processing. While other networks like Solana and Avalanche use similar technology, Sui stands out by reducing the complexity of coordination between validators. This simplified approach makes the network more efficient and scalable, maintaining high throughput even under heavy traffic without the bottlenecks that typically plague other blockchains. As part of this, Sui introduces an object-centric model. This not only allows for more granular transaction processing; it also allows digital assets to evolve and change over time, rather than remaining static. This makes the platform well-suited for applications involving non-fungible tokens (NFTs), GameFi, and decentralized finance (DeFi), where assets frequently need to be updated or modified. In contrast, blockchains like Solana and Avalanche are optimized for speed but lack this flexibility when it comes to handling dynamic data. From DeFi to gaming and supply chain management, Sui's architecture supports fast and efficient transactions, making it an attractive platform for developers looking to build on cutting-edge blockchains.
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