Coinbase launches its cbBTC, a wrapped BTC

Hot projects + Market overview

I. Mainstream exchange news

• ​​Binance Launchpool will list the Hamster Kombat (HMSTR) on September 26.
• Binance will launch the SUI/USD perpetual contracts with up to 20x leverage on September 18.
• Binance will support the Firo (FIRO) network upgrade and hard fork.
• OKX has listed the USDC/EURC on spot trading. EURC is a fully regulated euro-backed stablecoin issued by Circle.
• Bitget Wallet has launched a new trading tool, MemeX, for memecoin trading.
• Coinbase International will list perpetual contracts for POL and DOGS on September 19.
• WOO X has added support for ORDER token deposits and withdrawals via the Arbitrum and Optimism network.

II. Mainstream projects and trending events

• Donald Trump will launch his cryptocurrency project, World Liberty Financial, on September 16 in a live stream, aiming to advance the future of cryptocurrencies and reduce reliance on traditional banks.
• Coinbase launched its wrapped Bitcoin token, cbBTC, on the Ethereum network to enable Bitcoin usage in decentralized finance (DeFi) applications. Concurrently, Aave is proposing to add cbBTC to its version 3 on the Base chain and Ethereum mainnet
• Grayscale is launching the first US XRP trust fund, a closed-end fund that allows qualified investors to directly invest in XRP, potentially leading to an ETF.
• The Sui liquidity protocol DeepBook has updated its tokenomics with 71.57% allocated for community distribution and initial airdrops.
• Starting in 2026, Vitalik Buterin will only publicly discuss Layer 2 (L2) projects that meet Stage 1 criteria or are exceptionally interesting, with Stage 1 requiring 75% of the council to manage proof systems and at least 26% of the council members coming from outside the Rollup team.
• Uniswap has completed an upgrade to its Swap function, allowing users to view and select tokens across all networks without needing to switch between them.
• ZKsync has launched an on-chain governance system that requires all protocol changes to be approved by three independent bodies: the token holder assembly, the security committee, and regulators, ensuring that proposals are implemented securely and effectively.

III. Funding news

• Eigenlayer ecosystem project Eigenpie has completed a seed funding round with participation from the Arbitrum Foundation.
• Binance Labs has invested an undisclosed amount in the real-world asset tokenization platform OpenEden.
• BTA Protocol, a decentralized ecosystem protocol, has raised $1.75 million in Series A+ funding led by Crypto Labs.
• GasHawk, a transaction fee service provider, has secured $1.6 million in pre-seed funding participated in by 3SE Holdings.
• SDAX, a digital asset trading platform, has completed a $50 million Series B2 funding round led by MPMR.
• Infinit, a DeFi abstraction layer, has raised $6 million participated in by Electric Capital.

IV. Regulatory news

• The UK Parliament has introduced the "Property (Digital Assets, etc.) Bill" aimed at clarifying the legal status of digital assets, including cryptocurrencies, and non-fungible tokens (NFTs).
• HK newspaper South China Morning Post has reported that Hong Kong is considering involving the Securities and Futures Commission (SFC) in regulating over-the-counter (OTC) virtual asset trading services.
• The Central Bank of Russia aims for the digital ruble to be widely used by July 2025, urging banks to support account openings, transfers, and acceptance of digital rubles to promote its use.

V. Popular projects 

Market overview

Bitcoin continued to oscillate between $57,000 and $58,000.

A strong break above the 4-hour MA140 at $58,851 is needed for BTC to sustain the rebound, with the support level being $55,615.

Bitcoin's movement is in tandem with US stocks, focusing on how potential Federal Reserve rate cuts could affect the stock market.

STOC is up 46% in a day

STO Cash, a relay platform offering guidance and systems for TOKEN issuance, ICOs, and STOs based on Web3, has seen its token STOC rise by 46% within 24 hours.

STO Cash provides a platform where users can issue TOKENs and conduct ICOs, updating the tokenization of physical assets and securities.

The STOC token was listed on HTX on September 10, surging over 50% shortly after, reaching a market cap of $20.68 million.

BIGTIME is up 33% in a day

BIGTIME, a large-scale MMORPG built on Ethereum, has seen over 33% increase in its token BIGTIME in the last hours.

Previously, the token surged 30% after South Korea's largest exchange, Upbit, announced BIGTIME trading pairs in Korean Won.

The BIGTIME token has recently seen constant rebounds, following the potential for perpetual future listings on Binance.

BULL is up 22% in a day

The price of BULL, a memecoin claiming to feature the Tron mascot, Tron Bull, has surged 22% in a day.

The BULL token has reached a market cap of $144 million, with on-chain liquidity of $1.56 million and a 24-hour trading volume of $4.42 million.

MAO is up 22% in a day

The price of MAO, a memecoin built on the BSC chain featuring cats, has surged 22% in the last 24 hours.

MAO has shown strong performance recently, with $1.03 million in on-chain liquidity and a market cap of $19.82 million.

On-chain daily

1. DOGE: DOGE is a memecoin on the Ethereum chain, created by Elon Musk and Donald Trump. Trump appointed Musk as the head of the Department of Government Efficiency, and Musk later posted an AI-generated image of DOGE on his Twitter.

- Current Price: $0.006461

- Historical High: $0.018

- 24-Hour Increase: 53%

- Current Market Value: $6.4M

- Official Twitter: https://x.com/doge_eth_gov

2. SPX: SPX is a memecoin on the Ethereum chain, an extension of the S&P 500, with a full name of SPX 6900. It shares a cult-like theme with other memecoins such as $bitcoin and Milady.

- Current Price: $0.019

- Historical High: $0.0314

- 24-Hour Increase: 65%

- Current Market Value: $19M

- Official Twitter: https://x.com/spx6900

3. DWOL: DWOL is a memecoin on the Solana chain, featuring a villain character Pepe encounters on his adventure. 

- Current Price: $0.00238

- Historical High: $0.00349

- 6-Hour Increase: 34%

- Current Market Value: $2.3M

- Official Twitter: https://x.com/darkwolfcoin

4. BOBO: BOBO is a memecoin on the Ethereum chain, themed around a bearish market, used to mock poor investment decisions and express pessimism about financial markets.

- Current Price: $0.0(6)709

- Historical High: $0.0(5)35

- 24-Hour Increase: 7%

- Current Market Value: $46M

- Official Twitter: https://twitter.com/bobocoineth

5. MAO: MAO is a memecoin on the BNB Chain, featuring a cat and rumored to be backed by a "conspiracy group." On-chain whale Dingaling reportedly purchased $30,000 worth of MAO.

- Current Price: $0.02

- Historical High: $0.0259

- 24-Hour Increase: 23%

- Current Market Value: $20M

- Official Twitter: https://x.com/maobnbchain

6. BARIO: BARIO is a memecoin on the Base chain, inspired by 8-bit pixelated Mario. It has good relations with Farcaster and has developed an on-chain nostalgic gaming platform with three web-based mini-games, as well as its NFTs with a floor price of 0.089E.

- Current Price: $0.001669

- Historical High: $0.001789

- 24-Hour Increase: 57%

- Current Market Value: $1.6M

- Official Twitter: https://x.com/basebario

Daily runes observation

Gas Fee Change: 

Current BTC transaction fee: 3 satoshis/byte 

Note: Despite market conditions, the fee has remained persistently low for three months. However, transaction fees on the Fractal Bitcoin mainnet have surged to over 4,500 satoshis/byte. This is due to the launch of the new Covenant Attested Token (CAT) Protocol, which features a modular design, programmable minting, and cross-chain compatibility. CAT Protocol can run on any Bitcoin-compatible blockchain that activates OP_CAT. The FB token has also surged by 80% in one day and is now $32.8, nearing its historical high.

Today's Popular Projects:

1. DOTSWAP•DOTSWAP: 

   Status: Fully minted 

   Market Value: $18M 

   24-Hour Trading Volume: $46,775 

   Increase: 25% 

   Holding Addresses: 405

2. WUKONG•MYTHS: 

   Status: Fully minted 

   Market Value: $637K 

   24-Hour Trading Volume: $67,048 

   Increase: 10% 

   Holding Addresses: 395

3. NIKOLA•TESLA•GOD: 

   Status: Fully minted 

   Market Value: $6.66M 

   24-Hour Trading Volume: $75,463 

   Increase: 8% 

   Holding Addresses: 2,966

Top Rune Projects Tracking:

1. DOG•GO•TO•THE•MOON: Rune #3, also an airdropped rune from Runestone 

   - Current Price: 4.17 Sats 

   - 24-Hour Change: -1.1% 

   - Current Market Value: 4,170 BTC

2. RSIC•GENESIS•RUNE: Rune #8, from the renowned RSIC inscription mining project 

   - Current Price: 4.8 Sats 

   - 24-Hour Change: -4% 

   - Current Market Value: 1,006 BTC

3. BAMK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol built on Bitcoin L1 

   - Current Price: 2.75 Sats 

   - 24-Hour Change: 0% 

   - Current Market Value: 577 BTC

Performances of today's top three tracks

RWA: The sector saw a daily increase of 3.78%.

1. TRU: TrueFi is a decentralized, unsecured lending protocol developed by the TrustToken team. Borrowers can borrow cryptocurrency with predictable interest rates and no collateral. The system aims to be a market-driven, automated credit rating and lending system, with users taking on more responsibility when introducing new borrowers and loan types. 

   - Daily Increase: 13.4% 

   - Current Price: $0.1 

   - Current Market Value: $115.74M 

   - 24-Hour Trading Volume: $20.98M 

   - Recent Activity: None

2. MPL: MPL is a decentralized corporate credit marketplace offering transparent and efficient on-chain financing services. Liquidity providers can earn sustainable yields by lending to diversified funds of top institutions. Pool representatives conduct due diligence on borrowers and negotiate loan terms. The protocol is governed by MPL holders, who can participate in governance, share fee revenues, and provide staking insurance for liquidity pools. 

   - Daily Increase: 9.89% 

   - Current Price: $17.802 

   - Current Market Value: $139.47M 

   - 24-Hour Trading Volume: $1.48M 

   - Recent Activity: Maple recently announced support for cbBTC.

3. OM: Mantra (OM) is a Layer 1 blockchain for RWA. Built for institutions and developers, Mantra offers a permissionless blockchain for permissioned applications. Features include Cosmos SDK, IBC compatibility, CosmWasm support, and scalability of up to 10k TPS. The chain is secured by a sovereign PoS validator set and comes with built-in modules, SDKs, and APIs. 

   - Daily Increase: 8.63% 

   - Current Price: $1.1592 

   - Current Market Value: $977.39M 

   - 24-Hour Trading Volume: $45.07M 

   - Recent Activity: Launched a new task on Galxe where depositing USDC into the Chakra Pool earns KARMA. The total reward pool is 50,000,000 OM.

Payment: The sector saw a daily increase of 3.58%.

1. NIM: Nimiq is unique in that users directly interact with the blockchain by default. Nimiq OASIS enables atomic swaps between cryptocurrency and fiat without personal information. Nimiq 2.0 introduces the Albatross PoS algorithm, which is expected to achieve 1,000 transactions per second with a 99% reduction in energy consumption. The "halving" will reduce NIM issuance to 525 per minute. 

   - Daily Increase: 29.2% 

   - Current Price: $0.00134 

   - Current Market Value: $16.52M 

   - 24-Hour Trading Volume: $224.2K 

   - Recent Activity: Nimiq PoS migration has started, and validator registration is open, with a Galxe task offering a 200u prize share.

2. TWT: Trust Wallet Token (TWT) is a BEP-20 utility token that incentivizes Trust Wallet users. Holding TWT offers discounts on in-app purchases, DEX services, and governance voting. Initially issued as a BEP-2 asset, TWT migrated to BEP-20 in 2020. Trust Wallet was founded by Viktor Radchenko in 2017 and acquired by Binance in 2018. 

   - Daily Increase: 15.7% 

   - Current Price: $0.9595 

   - Current Market Value: $399.9M 

   - 24-Hour Trading Volume: $50.54M 

   - Recent Activity: 7th anniversary event on September 19th.

3. VELO: Velo Labs is building a unique federated credit exchange network based on the Velo Protocol. It is a blockchain financial protocol that enables businesses to issue digital credit and facilitate cross-border asset transfers. 

   - Daily Increase: 10.3% 

   - Current Price: $0.01588 

   - Current Market Value: $117.34M 

   - 24-Hour Trading Volume: $29.1M 

   - Recent Activity: Velo Labs included BlackRock's tokenized short-term treasury fund (BUIDL) in USDV.

AI: The sector saw a daily increase of 3.18%.

1. NUM: NUM token is the native protocol token of Numbers Protocol. The project is building a decentralized photo network to create community, value, and trust within digital media. 

   - Daily Increase: 19.3% 

   - Current Price: $0.04418 

   - Current Market Value: $29.89M 

   - 24-Hour Trading Volume: $598.6K 

   - Recent Activity: Announced collaboration with Port3Network (a unified AI operating system) and launched an event on SoQuest supported by Port3.

2. WLD: Worldcoin (WLD) is a project co-founded by Sam Altman of OpenAI. It aims to create a new identity and financial network, with its core product being World ID, a privacy-preserving digital identity paired with WLD tokens, designed to distinguish humans from AI through biometric verification (iris scans). 

   - Daily Increase: 12.1% 

   - Current Price: $1.515 

   - Current Market Value: $654.68M 

   - 24-Hour Trading Volume: $299.56M 

   - Recent Activity: Partnered with CommunityGaming to offer $20,000 in rewards for building the identity financial network.

3. CUDOS: CUDOS is a decentralized computing network based on the Tendermint protocol. It supports Wasm smart contracts and cross-chain interoperability. Founded by Mathew Hawkins, CUDOS employs Byzantine Fault Tolerance for security. The token is used for transactions, network governance, and staking. 

   - Daily Increase: 11.4% 

   - Current Price: $0.00786 

   - Current Market Value: $57.47M 

   - 24-Hour Trading Volume: $1.71M 

   - Recent Activity: Governance vote on the CUDOS and ASI merger happening from September 19 to 24.

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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