Finance: News, Insights, Predictions

Bitcoin has dropped below $111,000, currently trading at $110,987.29, reflecting a 24-hour decline of 1.51%. The market remains volatile, prompting investors to exercise caution.

Traders are shifting their outlook, with many adopting negative expectations as calls grow for Bitcoin (BTC) to drop below $100,000, according to Santiment data.

An on-chain analyst, Yujin, reported that a swing whale invested 14 million USDT in WBTC and ETH as the cryptocurrency market experiences a swift recovery.

OKX has partnered with Tether, the issuer of the popular stablecoin USDT, to introduce USDT0 on the X Layer. This collaboration aims to enhance the functionality of wallets and exchanges within the platform.

The U.S. Department of Justice is utilizing civil forfeiture as a crucial method in cryptocurrency investigations to recover $12 million in USDT linked to a crypto scam. This approach is essential for recovering funds and disrupting illegal activities within the crypto space.

Tether, the major stablecoin provider behind USDT, is planning to invest in gold mining. With a substantial empire valued at $168 billion in USDT circulating, Tether aims to diversify its investments and capitalize on the gold market.

Guo Hongcai, a prominent figure in the crypto industry, sparked interest by sharing a photo of Zhao Dong in Crypto Valley on his social media. This comes as Hongcai is serving a five-year prison sentence while passively holding equity in Tether and Bitcoin.

The stablecoin market cap has reached $286 billion, driven by the GENIUS Act, which encourages institutional adoption and increases mainstream demand. Tether and USDC continue to lead the market.

Cryptocurrency exchange OKX has partnered with Tether, the issuer of the popular stablecoin USDT, to integrate USDT0 into its Ethereum Layer 2 network.

A DeFi risk management firm, LlamaRisk, has criticized major stablecoin companies Circle and Tether for what it describes as their "inadequate" bug bounty programs.

Tether, the issuer of the largest stablecoin USDT, is expanding its investment strategy beyond simply holding gold bullion in vaults. The company is now seeking opportunities in gold mining investments.

OKX, a prominent cryptocurrency platform and on-chain technology firm, has teamed up with Tether, the leading company in the digital assets sector, to integrate USDT0 across its X Layer, OKX Wallet, and exchange.

Visa has begun utilizing USDC stablecoins for merchant settlements on both Solana and Ethereum, aiming to facilitate quicker cross-border payments. This expansion is expected to have significant implications for trading activities involving SOL and ETH.

Binance has launched the Affiliate Futures Master Challenge, encouraging users to increase their referrals' trading volume to earn bonus rewards. Please note that the products and services mentioned may not be accessible in all regions.

Grayscale, a cryptocurrency asset management firm, has filed multiple applications with the SEC to expand its line of altcoin spot products, as reported by ChainCatcher News and The Block.

Binance will eliminate all OMNI spot trading pairs and cancel any pending OMNI spot trading orders on September 29, 2025, at 03:00 UTC, as it supports the Omni Network token swap, redenomination, and rebranding to Nomina (NOM).

On September 5, Hyperliquid announced an upcoming auction for the "USDH" ticker, which represents a native stablecoin intended for the Hyperliquid ecosystem. Various parties are competing for the issuance rights, and the outcome remains to be seen.

Ethena, Paxos, Frax, Sky, and other stablecoin leaders are competing in a unique vote to gain control of Hyperliquid's USDH ticker, which represents a $220 million annual revenue opportunity determined by validator decisions.

Coinbase will discontinue its rewards program for USDC holders in the European Economic Area (EEA) effective December 1st, in response to new MiCA regulations.

Bitget, a prominent cryptocurrency exchange and Web3 company based in Seychelles, announced that it has achieved a remarkable daily trading volume exceeding $100 million.

The upcoming business conflict is centered around USDH, marking the next significant struggle in the cryptocurrency sector.

Ethena Labs has integrated its USDe stablecoin on Binance and is pursuing its Hyperliquid ambitions. This move represents a significant effort to challenge the dominance of existing stablecoins and attract market interest.

Linea (LINEA) is currently priced at $0.0288, reflecting a 0.81% increase. Live charts and news updates are available for those interested in tracking its market performance. A price conversion calculator for Linea (LINEA) is also provided.

As cryptocurrency adoption rises in India, many traders are seeking stablecoins like USDT and USDC to mitigate the volatility associated with assets such as Bitcoin and Ethereum.

OwlTing is entering the $343 billion U.S. gift card market by introducing the OwlPay Wallet Pro, allowing users to convert USDC stablecoins into everyday spending options at major American retailers.