USDT Market Cap Surpasses $119 Billion, A New Record High | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Coinbase's Head of Southeast Asia, Hassan Ahmed, announces plans to introduce cbBTC to the Solana network during Solana Breakpoint 2024.
• BingX announces that the withdrawal services for some tokens have been resumed, and the deposit and withdrawal services for other tokens will be resumed in the next 1–2 weeks. BingX has suffered a hack, with estimated losses exceeding $52 million.

2. Cryptocurrency Trends:

• USDT's market cap briefly surpasses $119 billion, reaching a new all-time high.
• UniSat: (1) The team is actively researching the CAT20 marketplace; (2) PizzaSwap to be launched on the Fractal mainnet on September 30; (3) Fractal navigation and protocol page updates have been completed.
• Solana Breakpoint 2025 to be held in Abu Dhabi from December 11 to 13, 2025.
• Solana Memecoin BONK announces plans to partner with Osprey Funds to launch an ETP by the end of this year.
• Sui's TVL surpasses $1.1 billion, setting a new high. NAVI Protocol's TVL increased by over 20% in the past 7 days.
• Hamster Kombat launches an Interlude Season ahead of its second season. This pre-season event will last for several weeks, during which users can accumulate diamonds that can be used in the upcoming season.
• Web3 phone Jambo announces the launch of JamboPhone 2 during Solana Breakpoint 2024. Priced at $99, the phone ships to 128 countries and is integrated with Solana.
• Sanctum to launch Creator Coins, which will allow anyone to build, grow, and monetize their community, and Cloud Card, which will support SOL and stablecoins in over 100 countries/regions.
• Cross-chain interoperability protocol deBridge announces that the DBR airdrop will go live on October 17, 2024.
• Solayer to partner with OpenEden to launch the yield stablecoin SUSDC.
• Jupiter acquires Coinhall, an aggregator in Cosmos. Coinhall will operate as a platform and brand under the Jupiter umbrella, focusing primarily on the Cosmos and EVM ecosystems.

3. Financing Trends:

• Grass raises an undisclosed amount in a Series A funding round led by Hack VC, with participation from Polychain Capital, Delphi Digital, Brevan Howard Digital, and Lattice.
• Forg, a Web3 video game protocol, announces the completion of a new funding round, with participation from Sui Network, Ava Labs, and others. The exact amount and valuation of the funding have not been disclosed.

4. Regulatory Trends:

No trends of note.