News & Research

Donald Trump Jr. said that American Bitcoin (ABTC) aims to become the largest holder of BTC in the United States, celebrating the Bitcoin mining company's listing on Nasdaq.

Trading in American Bitcoin (ABTC) was halted on its Nasdaq debut today after the stock surged 59%. The Bitcoin mining company is backed by the two sons of U.S. President Donald Trump.

Galaxy Digital CEO Mike Novogratz told Bloomberg that AI agents are set to become the biggest users of stablecoins, which will lead to an explosive increase in transactions. He predicted that users will ask AI to purchase items like groceries, and the AI will then independently handle the required transactions.

The cryptocurrency market has entered an unstable phase in September due to U.S. tariff pressures, slowing economic indicators, and seasonal factors, according to an analysis from K33 Research reported by The Block. The research firm noted that since 2011, Bitcoin's average return for September is -4.6%, making it the only month with a negative average return. In addition to this seasonality, K33 stated that the macroeconomic environment could increase selling pressure. The analysis suggests that a drop in BTC to a range between $94,000 and $101,000 would present a good buying opportunity.

Russian President Vladimir Putin said he is ready to meet with Ukrainian President Volodymyr Zelenskyy, according to Walter Bloomberg.

Nasdaq-listed Bitcoin miner CleanSpark announced that it mined 657 BTC in August. The company currently holds 12,827 BTC.

Nasdaq-listed Alphaton Capital (ATON) has announced plans to purchase $100 million worth of TON tokens. The company secured the funds for the acquisition through private equity investments and a loan from BitGo.

Arbitrum has launched the first season of its DeFi ecosystem incentive program, CoinDesk reported. The launch follows the Arbitrum DAO's prior approval of a governance proposal allocating 80 million ARB to the initiative. For the current season, up to 24 million ARB, valued at $40 million, will be distributed. The incentives will target lending protocols including Aave, Morpho, Fluid, and Euler. Users can earn ARB rewards by taking out loans collateralized with assets such as weETH, wstETH, sUSDC, and syrupUSDC.

The self-custody cryptocurrency wallet Trust Wallet (TWT) will now support tokenized stocks and ETFs, Cointelegraph reported. The wallet is collaborating with Ondo Finance and 1inch to enable the new feature. Ondo Finance will provide the tokenized assets, which include stocks, ETFs, and bonds, while 1inch will handle liquidity and pricing.

While some early Bitcoin holders are taking profits, many others are continuing to hold their positions or even accumulate more, Coindesk reported, citing Glassnode data. According to the data, investors who have held Bitcoin for seven to 10 years now control 8.1% of the total supply, the highest level for this group since 2019. Those holding for more than 10 years account for 17% of the total supply and have been steadily increasing their positions. In contrast, the share held by the five-to-seven-year cohort has fallen to 5% from 10% at the start of 2023.