Author: AltCoinDrops.com
Tether has announced the planned launch of its U.S.-regulated stablecoin USAT, with Bo Hines, former digital assets advisor to President Donald Trump, as head of the project. Summary Tether plans to unveil its U.S.-regulated stablecoin USAT later this year. Bo Hines, who joined Tether in August 2025, will be the chief executive officer of Tether USAT. Tether said on Sept. 12 that it planned to issue USAT as a regulated, dollar-backed stablecoin for the U.S. market, and that Bo Hines would become its first chief executive officer. Unveiling of USAT and Hines appointment as CEO positions Tether UAST as a…
Elon Musk’s AI startup xAI reportedly cut at least 500 people from its data-annotation ranks on Friday night. The company informed its staff by email that the company is shrinking its group of generalist AI tutors and shifting resources to specialists. The internal note, reviewed by Business Insider said “After a thorough review of our Human Data efforts, we’ve decided to accelerate the expansion and prioritization of our specialist AI tutors, while scaling back our focus on general AI tutor roles. This strategic pivot will take effect immediately. As part of this shift in focus, we no longer need most…
Cardano price continued rising on Friday, Sept. 12, coinciding with the ongoing crypto market comeback. Summary Cardano price has formed a rising wedge pattern on the daily chart. It has also formed a bearish divergence pattern. The total value locked in the DeFi ecosystem has plunged by 45% since December. Cardano (ADA) token rose to $0.90, its highest point in two weeks and about 80% above its lowest level in June. Still, technical analysis points to an upcoming crash as a key decentralized finance metric plunges. Cardano price chart points to a plunge The daily timeframe chart shows that the…
Global financial firm WisdomTree has announced the launch of a private credit fund on the blockchain, with a $25 minimum investment. Summary WisdomTree is launching a Private Credit and Alternative Income Digital Fund Retail and institutional investors will be able to invest with as little as $25 The fund will debut on the Ethereum and Stellar blockchains Global financial institutions are increasingly leveraging public blockchains. On Friday, September 12, investment manager WisdomTree launched the WisdomTree Private Credit and Alternative Income Digital Fund. The fund will track the Gapstow Liquid Alternative Credit Index. “Private credit has become one of the most…
Chainlink has hit a new all-time high in the key metric of total value secured, with the oracle network surpassing $100 billion across decentralized finance. Summary Chainlink’s total value secured across decentralized finance has jumped to over $100 billion. LINK price traded to highs of $24.7 as the TVS rose amid gains for cryptocurrencies. As cryptocurrencies bounced on Sept. 12, with altcoins rising amid a surge above $115,000 for Bitcoin, Chainlink posted on X that the network’s total value secured had topped $100 billion. The new all-time high in TVS for Chainlink comes as the oracle platform extends growth following…
Allied Gaming is making its move as institutional crypto adoption accelerates. The company invested in Bitcoin and Ethereum, citing a shifting regulatory environment as a key factor enabling its new digital asset strategy. Summary Nasdaq-listed Allied Gaming added BTC and ETH to its treasury for the first time. Shares jumped over 100% following the crypto investment announcement. The move aligns with accelerating institutional adoption of digital assets According to a press release dated September 12, Nasdaq-listed Allied Gaming & Entertainment has made an initial allocation of its corporate treasury into Bitcoin (BTC) and Ethereum (ETH). The experiential entertainment firm, known…
Dogecoin climbed after reports said the first US Dogecoin ETF won approval, even though its trading debut was pushed back. Traders piled in anyway, sending volume higher and sparking talk across exchanges and social channels. The memecoin’s bounce came amid mixed signals about timing. Related Reading ETF Approval And Pushback Based on reports, the REX-Osprey Dogecoin ETF, ticker DOJE, received regulatory approval under the Investment Company Act of 1940. The fund had been expected to begin trading around September 18, 2025, but issuers later announced a delay to a new date. According to filings and press briefings, sponsors said they…
Prediction platform Polymarket is preparing for its latest funding round, with the potential to reach a valuation of $10 billion. Summary Polymarket is preparing for a U.S. debut with the latest funding round The company’s valuation could range from $3 billion to $10 billion Polymarket secured a green light to restart its U.S. operations after Donald Trump Jr. joined its board Investor interest in blockchain platforms is rising, and crypto firms are seeking to capitalize on it. Global prediction platform Polymarket is preparing for another funding round that could send its valuation to $10 billion. According to a Business Insider…
Ethereum price predictions for 2025 show ETH holding steady as investors look to its future position in decentralized finance. Solana and Ethereum can still be the focus of blockchain conversation, but attention is shifting more and more to upcoming crypto projects that tackle real-world adoption problems. A contender gaining traction in this space is Remittix (RTX), a cross-chain DeFi project preparing to roll out its beta wallet in Q3 2025. Ethereum, Solana Prices in the Spotlight Ethereum is priced at $4,433.17, with a 2.3% daily gain, and its market capitalization at $534.74 billion. Its trading volume has increased by 37.05%…
Smarter Web, the U.K.’s largest BTC holder, is going on the offensive. CEO Andrew Webley is eyeing distressed rivals, seeking to aggressively expand its war chest at a potential fire-sale discount. Summary Smarter Web’s CEO Andrew Webley considers buying struggling rivals to boost BTC holdings at discounts. Company stock plunged 35.5% in a month, far underperforming Bitcoin’s 4% drop. Coinbase warns treasury firms face “player vs player” competition for investor capital. According to a recent Financial Times report, Andrew Webley, CEO of The Smarter Web Company, confirmed his firm is actively considering the acquisition of struggling competitors. The primary objective…