Tuesday, September 2, 2025

Crypto

Tether has minted an additional $1 billion USDT over three days, bringing total stablecoin issuance to $4 billion, which could signal growing institutional interest and upward pressure on major cryptocurrencies like Bitcoin and Ethereum. Rising stablecoin supply may indicate buying power, influencing trading pairs like BTC/USDT and ETH/USDT with potential 20-30% volume increases.

The Polymarket data platform predicts an overwhelming consensus among bettors for a 25 basis point Federal Reserve rate cut in September, with only 13% betting on a hold. This expectation has become the baseline scenario, potentially bullish for cryptocurrencies. Other central banks are also easing, suggesting interest rates may continue to decrease.

The US government's increasing reliance on debt to finance its operations is secretly fueling the Bitcoin revolution, according to author Sylvain Saurel. As investors seek alternative ways to preserve wealth, stablecoins and cryptocurrencies like Bitcoin are gaining popularity as a store of value, threatening traditional currencies' dominance.

Reddit is sunsetting its Avatar Creator Program, a blockchain-based feature that allowed users to create and showcase collectible avatars on the site. Established in 2020, the program enabled creators to build communities, produce art, and earn revenue through avatar sales. Although features will be phased out by November 11th, existing collectors can still use their avatars until then. The program's creators will receive 100% of secondary sale royalties moving forward, ensuring a continued source of income for those who built their communities on the platform with this innovative feature. Phasing will occur in stages, however.

Crypto giants Coinbase and OKX are planning to launch products that tap into Australia's $2.8 trillion retirement system through self-managed super funds (SMSFs), allowing individuals to invest cryptocurrencies with minimal administrative costs. The exchanges aim to redirect some of this money into crypto assets, which are expected to expand as institutional funds become more comfortable with crypto exposure.

Ethereum's largest public testnet, Holesky, is shutting down after two years of service due to issues with Fusaka upgrades, which aimed to make rollups cheaper and faster. The decision comes after inactivity leaks created a significant backlog for validators. Two new testnets, Hoodi and Sepolia, will take over its role in stress-testing Ethereum's proof-of-stake machinery.

The BeInCrypto article is a mixed bag of headlines, summaries, and calls-to-action, suggesting a promotional tone. It features interviews with industry figures, such as The White Whale and MEXC, offering insights into frozen funds, while also promoting trading courses and Telegram groups to drive traffic to specific pages or services.

A recent leak by ZachXBT has exposed 160 cryptocurrency influencers who accepted undisclosed paid ads, revealing widespread lack of transparency in marketing standards. The revelation highlights growing crypto scams and predatory schemes, resulting in $9.3 billion losses for Americans in 2024 alone, as regulatory efforts struggle to keep pace with the decentralized industry's expanding reach.

The article warns of the dangers of AI-generated content being sold to vulnerable users, including children, as companies prioritize profits over user well-being. Stronger regulation and oversight are needed to prevent exploitation, with companies like OpenAI facing accountability for the harm caused by their products, a crucial step in responsible AI use.