News & Research

The U.S. Department of Justice has filed a civil forfeiture complaint to seize approximately 580,000 USDT from the founder of SDRA, a company that provided drone technology to the Iranian military, Decrypt reported.

Deutsche Bank has raised its forecast for Federal Reserve interest rate cuts this year from two to three. The bank had previously expected cuts only in September and December.

Tether CEO Paolo Ardoino has announced plans to launch a new U.S.-based stablecoin named USAT, Reuters reported.

Bitcoin short-term holders have begun selling at a loss for the first time in four months, according to an analysis by CryptoQuant contributor gaah_im. The contributor described this as a significant change, suggesting that market confidence among speculative investors sensitive to price volatility has temporarily weakened.

Gemini founders, the Winklevoss brothers, predicted that Bitcoin could reach $1 million within the next 10 years, speaking in an interview with CNBC's Squawk Box. Tyler Winklevoss described Bitcoin as Gold 2.0, stating that it will replace gold as a store of value. He argued that if this replacement occurs, the price of BTC could rise to $1 million. Using a baseball analogy, he suggested that the market is still in its very early stages and that in a decade, investors will look back on the current period as just the beginning.

The three major U.S. stock indexes opened mixed. The S&P 500 is down 0.02% and the Dow Jones Industrial Average has fallen 0.15%, while the Nasdaq Composite is up 0.21%.

An address associated with USDC issuer Circle has purchased 80,000 HYPE, valued at $4.6 million, according to on-chain analyst MLM. The analyst noted that USDC testing is currently underway on the HyperEVM mainnet, adding that this could lead to a native USDC launch on the network in the near future.

U.S. asset manager WisdomTree has announced the launch of CRDT, its tokenized alternative investment fund. The fund is tokenized on the Ethereum and Stellar blockchains and is open to both retail and institutional investors with a minimum investment of $25.

Bitcoin cloud mining company Bitdeer mined 375 BTC in August, bringing its total holdings to 1,934 BTC, GlobeNewswire reported.

Glassnode said on X that according to its Bitcoin Cost Basis Distribution (CBD) indicator, significant BTC accumulation occurred between $110,000 and $114,000. The on-chain analytics firm noted that the next resistance zone is around $117,000, which could act as short-term resistance if Bitcoin tests that price level.