Get ready for another round of crypto highlights. StealthEX and CryptoDaily are back with the stories that matter most. Each week, we cut through the noise and deliver the news that really counts. No jargon. No fluff. Just sharp updates that keep you on track with the fast-moving market. Curious about the biggest shifts and fresh trends? We’ve put it all together in one simple digest. Clear, quick, and easy to follow.
BitMine Immersion Technologies has increased its Ethereum reserves by 46,255 ETH worth $201 million, data from Onchain Lens shows. The acquisition was carried out through custodian BitGo and spread across three wallets. One of those wallets was identified as the company’s corporate treasury account. BitMine has not released an official statement, but the transaction highlights its ambition to strengthen its ETH position.
The purchase brings the firm’s total holdings to 2,126,018 ETH, valued at around $9.3 billion. BitMine has openly set a target of controlling 5% of Ethereum’s total supply. For now, it manages more than 1.5% of circulating tokens, a scale unmatched by any other corporate entity.
A company representative confirmed that every acquisition is completed in cash and spot markets, without leverage. That strategy reflects a focus on long-term accumulation rather than speculative trading.
BitMine is not limiting itself to Ethereum. Earlier this week, it invested $20 million in Eightco Holdings’ private placement. The firm supports Eightco’s shift toward Worldcoin (WLD), seeing it as part of broader adoption trends.
By combining steady ETH accumulation with selective bets on emerging projects, BitMine is shaping itself into a central player in the digital asset economy.
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Tether, the company behind USDT, has revealed plans to launch a new stablecoin designed for American institutions. The token, named USAT, will be issued under strict U.S. financial rules. It will also meet the requirements of the recently introduced GENIUS Act.
Anchorage Digital, a federally regulated crypto bank, will issue the token. Cantor Fitzgerald will manage reserves as custodian and act as the preferred primary dealer. All backing will consist of short-term Treasury securities and U.S. dollars.
USAT will run on Hadron, Tether’s tokenization platform that can digitize real-world assets like bonds, commodities, and equities. The platform also integrates compliance systems to ensure transparency and proper verification.
The project will be led by Bo Hines, a former White House crypto policy director. Hines says the goal is to build a compliant, transparent digital currency that strengthens trust in the dollar. He believes USAT can help reinforce America’s financial leadership globally.
Tether’s CEO Paolo Ardoino called this a natural extension of the company’s global reach. By creating a token tailored for U.S. businesses, Tether is pushing deeper into regulated markets. If successful, USAT could become a benchmark for stablecoins that meet institutional-grade compliance standards.
BlackRock, the world’s largest asset manager, is evaluating how to bring exchange-traded funds onto blockchain systems. According to people close to the discussions, the firm is exploring tokenized ETF products that could be issued and traded on-chain.
Tokenization would allow ETFs, which usually track stocks or other assets, to exist as blockchain tokens. This could enable around-the-clock trading, faster settlement, and easier access for global investors. It could also increase the use of ETFs as collateral in decentralized markets.
The move follows BlackRock’s success with its iShares Bitcoin Trust, the largest Bitcoin ETF to date. The firm also launched BUIDL, a tokenized money market fund that quickly surpassed $2 billion in assets under management. Both products highlight how traditional finance is merging with blockchain.
BlackRock has also tested tokenized transactions using JPMorgan’s Onyx platform, now called Kinexys. Those trials signal rising interest in blockchain settlement models across Wall Street.
CEO Larry Fink has been one of the most vocal advocates for tokenization. He has stated publicly that every asset can eventually be issued on blockchain. If regulators give approval, tokenized ETFs could mark the next phase in BlackRock’s digital expansion.
Paxos has introduced a revised plan to issue Hyperliquid’s USDH stablecoin. The new version highlights a partnership with PayPal, which would integrate USDH across its payment ecosystem. That includes free deposits and withdrawals via PayPal and Venmo. It also covers Checkout, Braintree, Hyperwallet, and Xoom services.
With over 400 million users and 35 million merchants, PayPal could give USDH immediate global reach. Paxos said the goal is to remove conversion fees and streamline access to decentralized finance.
The proposal also ties Paxos’ revenue model to Hyperliquid’s growth. Fees will remain capped at 5% and only trigger after set TVL milestones. In addition, all fees will be paid in HYPE, Hyperliquid’s governance token, to ensure ecosystem alignment.
Regulation is another key aspect. Paxos already operates under oversight from New York regulators. The firm says it is uniquely positioned to comply with both U.S. rules under the GENIUS Act and Europe’s MiCA framework. Reserves will consist of highly liquid assets, primarily U.S. Treasury bills.
If approved, Paxos believes its framework will position USDH as the leading stablecoin gateway for DeFi while ensuring compliance on a global scale.
Nasdaq is taking a direct stake in Gemini’s upcoming IPO with a $50 million investment. Documents filed with the SEC confirm the transaction, which will be completed via private placement once Gemini lists on September 12.
The exchange, founded by Cameron and Tyler Winklevoss, aims to sell 16.7 million shares priced between $17 and $19. That could raise about $317 million. Trading will take place under the ticker GEMI. If successful, Gemini will join Coinbase and Bullish as the only publicly traded crypto exchanges in the U.S.
Beyond the equity purchase, the partnership goes deeper. Gemini will integrate Nasdaq’s Calypso platform to enhance collateral tracking and trading transparency. In turn, Nasdaq will gain access to Gemini’s custody and staking services. Those services secure digital assets and support blockchain validation.
The IPO comes at a time of strong demand for new listings. Recent market debuts like Figma and Firefly Aerospace have seen heavy investor interest. The crypto sector is also benefiting from a more open regulatory stance under SEC Chair Paul Atkins.
With Nasdaq’s backing, Gemini’s IPO is set to be one of the most watched digital asset listings this year.
Ledger’s Chief Technology Officer Charles Guillemet has raised alarms over what he calls one of the largest supply chain attacks in the JavaScript ecosystem.
The incident began when hackers compromised the npm account of open-source maintainer Josh Goldberg on September 8. Attackers pushed malicious updates to 18 popular packages, including chalk, debug, and strip-ansi. These packages have billions of weekly downloads and are used in key tools like Babel and ESLint.
The corrupted code contained crypto-clipper malware that replaced wallet addresses with attacker-controlled ones. In some cases, it intercepted browser-based wallet communications and modified transactions before approval.
Security experts discovered the breach after unusual build errors exposed hidden code. Investigations suggest the attackers used phishing emails disguised as npm security notices to steal login credentials.
Ledger urged users to halt blockchain transactions unless they can verify addresses manually. Although npm has pulled many infected versions, researchers warn that lingering dependencies remain a threat.
The scale of the breach underscores vulnerabilities in open-source software. Millions of developers rely on trust between maintainers, leaving projects exposed when a single account is compromised. Experts have called this attack one of the most severe the ecosystem has ever faced.
India is keeping cryptocurrency regulation on hold, opting instead for heavy taxation and compliance measures to curb activity.
Since 2022, profits from digital assets have faced a 30% tax, while a 1% TDS on trades has further reduced participation. As a result, local trading volumes have dropped sharply. International platforms can still operate if they register with the Financial Intelligence Unit and comply with AML rules.
The Reserve Bank of India remains skeptical, warning that cryptocurrencies could threaten financial stability. This stance has frozen cooperation between banks and crypto firms. Despite restrictions, Indian investors hold about $4.5 billion in crypto assets, government estimates show.
The Supreme Court has pressed the government for clearer rules, noting that high taxes act as implicit recognition of digital assets. Meanwhile, the tax authority has raised questions about cross-border transactions and derivatives.
India once considered a full ban but later shifted to advocating global coordination. It now plans to adopt the OECD’s Crypto-Asset Reporting Framework by 2027, ensuring automatic cross-border reporting.
For now, taxes and compliance act as barriers, limiting growth while keeping risks contained within manageable levels.
The U.S. Securities and Exchange Commission has scheduled a public roundtable on financial privacy for October 17. The event will be held at its headquarters in Washington, D.C., and live-streamed online.
The session will gather industry experts to discuss how new technologies can protect individual privacy while still addressing oversight needs. Commissioner Hester Peirce said understanding privacy tools is essential as regulators craft policy for the crypto sector.
Privacy has become a central issue in U.S. finance. Banks and institutions must report suspicious transactions, but critics argue such rules may go too far and limit individual freedoms. The roundtable will explore how digital solutions can balance these competing demands.
The event is part of the SEC’s broader Crypto Clarity program, which aims to provide more structured guidance for the industry. Earlier this year, the agency hosted several roundtables under the initiative.
The SEC’s Crypto Task Force, created in January, is leading the effort. Its mandate includes setting disclosure frameworks and clarifying registration paths for digital asset firms.
The October discussion is expected to highlight both opportunities and challenges in protecting financial privacy while ensuring effective surveillance.
Binance Alpha has officially launched trading for STBL, the governance token of a new stablecoin ecosystem. Trading went live on September 13, and users have already started claiming airdrops through the Alpha Points system.
The ecosystem was created by Reeve Collins, co-founder of Tether. At its core is USST, a stablecoin backed by tokenized Treasury bills and money market funds. The system introduces a yield-splitting design that gives users two assets at once. When minting USST, they receive the stablecoin plus YLD, a token that represents rights to the underlying yield. This model lets investors stay active in DeFi strategies while still benefiting from returns on reserves.
STBL acts as the governance token that controls protocol settings, reserves, and distribution of rewards. Supply is capped at 10 billion tokens. The token’s launch follows a pre-seed funding round led by Wave Digital Assets, which manages over $1 billion in assets.
The arrival of STBL comes as demand grows for transparent and yield-focused stablecoin products. Analysts see it as part of a new wave of “institutional-grade” infrastructure, combining real-world asset support with blockchain-based governance.
This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.
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