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Share link:In this post: Paxos has submitted a proposal to support Hyperliquid’s launch of the USDH stablecoin on its platform. The company plans to use 95% of the interest generated by its reserves backing USDH to repurchase HYPE and redistribute it back to ecosystem initiatives. Paxos Labs has also acquired Molecular Labs in a bid to accelerate stablecoin adoption in the Hyperliquid ecosystem.
Share link:In this post: Crypto sentiment has moved into the fear region as investors are now holding off from taking more risks. Santiment has highlighted the focus on larger-cap tokens, noting that traders are presently not open to risks. Analysts and traders question the near-term direction of some of these major assets.
El Salvador’s Bukele and Saylor show confidence in Bitcoin, yet September 8’s bearish track record raises doubts about BTC’s immediate trajectory.
XRP is currently fluctuating within a narrow range around $2.80, but with the Federal Reserve almost certain to cut interest rates this month, volatility is about to return.
The crypto market is in a stagnant state, but bitcoin's stability and the altcoin season index indicate opportunities. Here are the top three altcoins worth buying right now.
Speculation grows as Tether’s CEO denies Bitcoin-to-gold rumors while hinting at a reserve strategy blending BTC, gold, and XAUT for stability.
Heavy Solana accumulation worth $770 million is keeping its price above $200, with bullish momentum eyeing resistance at $206 and beyond
- 20:13Sprinter completes $5.2 million seed round financingJinse Finance reported that Robot Ventures led a $5.2 million seed round for Sprinter, a cross-chain "solution-as-a-service" infrastructure startup. The funding round also received support from institutions such as A Capital, Atka Capital, Bond St Ventures, Topology, and Uniswap Labs Ventures, as well as angel investors including Ameen Soleimani from 0xbow, Eva Beylin from Optimism, and Chen Zituo from WAGMI Ventures.
- 20:12OpenAI founder: Annualized revenue is expected to exceed $20 billion this year and grow to several hundred billion dollars by 2030.Jinse Finance reported that OpenAI founder Sam Altman stated that the company expects its annualized revenue to exceed $20 billions this year, and it is projected to grow to several hundred billions by 2030. OpenAI's data centers do not have government guarantees. There have been discussions about providing loan guarantees to support the construction of semiconductor manufacturing plants.
- 19:53Lido launches stRATEGY Vault, supporting diversified DeFi strategy investmentsForesight News reports that Lido has announced the launch of the stRATEGY Vault, which users can access via the Earn tab on the website. The stRATEGY Vault is built on the Mellow Core Vault technology stack and offers diversified investment opportunities in DeFi strategies, including Aave, Ethena, and Uniswap. Users can deposit ETH, WETH, or wstETH to receive strETH, and depositors holding strETH can earn Mellow points. The vault charges a 1% annual platform fee (calculated based on assets under management).