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Weaker-than-expected U.S. macro data helped sentiment recover amid the increased likelihood of rate cuts
Gannon Breslin & Litquidity Capital
September 16, 2025
Good Morning,
Here's a quick preview of today’s content: Moonpay makes a big acquisition, streamers leaked Drake songs, Metamask launches a stablecoin, Robinhood files with the SEC for a whole new product surrounding angel investing, Bank of England plans to cap systemic stablecoin holdings (CD), Monero's blockchain experiences an 18-block reorganization
Happy Tuesday - Let’s dive in.
Market Snapshot
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Crypto ETPs recovered last week, recording $3.3B in inflows and lifting the overall AUM to $239B
BTC diverges from stocks and gold to see daily losses of -2% to start the week, as it faces significant resistance at $117,500
The total stablecoin supply on ETH climbed to an ATH of $166B, up from $149B a month earlier
USDT remains the dominant stablecoin with $87.8B in supply on Ethereum, followed by USDC at $48B
Several altcoins are showing signs of profit booking in the near term, but lower levels are likely to attract buyers
Weaker-than-expected U.S. macro data helped sentiment recover amid the increased likelihood of rate cuts
Headline Roundup
The major headlines driving crypto markets
Coinbase is exploring a token launch for Base, its Ethereum layer-2 network (DC)
Pump.fun streamers earn $83,000 from leaking Drake and Future songs (DC)
Over a dozen crypto advocates will be in D.C. to push forward legislation that could see the U.S. purchasing 1M Bitcoin (TB)
The London Stock Exchange facilitates the first transaction on a new blockchain-based platform for private funds (CD)
Robinhood files with the SEC to launch a new venture capital fund (CD)
American Express introduces blockchain-based ‘Travel Stamps’ (CD)
The Fellowship PAC, a super PAC, launches with more than $100M committed to supporting candidates who promote crypto (BW)
BitMine reports its crypto, cash, and equity holdings reach $10.77B (CD)
Strategy purchases an additional 525 BTC (CD)
The SEC and Gemini reach 'resolution in principle' over lawsuit involving Gemini Earn (TB)
TVL on Pump.fun’s DEX PumpSwap hits new ATH of $334.81M (TD)
Symbiotic partners with Chainlink and Bitcoin DeFi protocol Lombard to introduce a cryptoeconomic security layer for cross-chain transfers (BW)
Forward Industries plans to deploy funds into DeFi protocols on Solana (TB)
Galaxy Digital receives $300M worth of Solana from Coinbase, Binance and Bybit (TB)
Market Predictions
Venture Capital
M&A Announcements
Digital-asset firm MoonPay acquired crypto payments startup Meso Network (BBG)
Launches
PayPal expands its service to include crypto transfers, allowing U.S. users to send crypto across wallets (CD)
Crypto wallet MetaMask's new mUSD stablecoin goes live (TB)
Boundless, the ZK compute marketplace, launches its Mainnet on Base (CD)
Japan-based financial firm Credit Saison launches a crypto-focused investment fund (TB)
Ethereum Foundation launches the “dAI Team” to connect blockchain and AI economies (CD)
P2P.org introduces a product to help clients bypass Ethereum’s validator entry queue (BW)
OKX announces the launch of a platform for SMSFs in Australia (DC)
BitMEX launches its Alpha Showdown Trading Competition, allowing traders to compete for BTC (CD)
Polkadot’s DAO passes a referendum approving a hard cap on the network’s native token (CT)
DeFi platform Nemo announces a compensation plan that distributes debt tokens (TB)
Regulation
Cybersecurity
Three people involved in a bogus crypto exchange that defraud victims out of more than $1.4B will avoid jail time (DC)
Monero's blockchain experiences an 18-block reorganization, which invalidates 118 transactions (CD)
Shiba Inu’s DeFi team offers a $23,000 bounty after $2.4M Shibarium exploit (CT)
Thailand freezes 3M bank accounts in an anti-scam crackdown (CT)
Israel publishes a list of crypto addresses alleging Iran used them to receive $1.5B in USDT (DC)
Extra Reads
The BAGWORK memecoin creators made $169K on a 4-day-old memecoin, making it the 0.01% of creators that have earned more than $10K - What makes Pump livestreaming different from Twitch or OnlyFans?
Second-generation stablecoins separate yield from principal, enabling holders to earn returns while keeping liquidity - Second-generation stablecoins create new utility the industry needs
Chart of the Day
BTC miner flows to exchanges hits a short-term low
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