Crypto.com launches Predict Pro, a prediction market product, for US users.
Crypto.com Exchange has announced the launch of Predict Pro, a prediction market feature for US users, offering real-time order books, probability charts, risk management, and portfolio trading tools. The feature is provided by Foris DAX, an NFA-registered introducing broker, with trading products being CFTC-regulated prediction contracts supplied by OG.com Markets. Predict Pro supports market, limit, stop-market, stop-limit, and post-only orders, and allows users to combine 2 to 6 predictions into a single position, including same-event parlays, cross-event parlays, and in-play trading. Tradable events cover elections, sports, cryptocurrency prices, Federal Reserve decisions, climate, and cultural events, among others.
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Driven by news of Stripe and Plasma's partnership to launch a multi-currency stablecoin card, XPL surged more than 6% in the short term.
According to HTX market data, XPL surged more than 6% in a short period following news of Stripe and Plasma’s partnership to launch a multi-currency stablecoin card, and is now trading at $0.08223. Earlier reports noted that Stripe announced a collaboration with Plasma to develop the multi-currency stablecoin card, designed to allow individuals and businesses to spend using currencies already held in their accounts, reducing unnecessary currency conversions and foreign exchange costs. Plasma will serve as a design partner, integrating with Stripe’s stablecoin card infrastructure to enable customers to use their account balances for payments via the multi-currency card. The expanded infrastructure will support fiat currencies including the U.S. dollar, Brazilian real, euro, Mexican peso, and Colombian peso; stablecoins include USDC, OUSD, and eligible stablecoins compliant with the GENIUS Act. Stripe’s stablecoin card service currently covers over 30 countries, with plans to expand to more than 100 countries by 2027.
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Elon Musk: Maybe I should launch a company to compete with Amazon.
Elon Musk responded on X to a post alleging Amazon was blocking Grok bots from placing orders and urging him to launch X Shop, saying, "Maybe we should start a company to compete with Amazon."
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Helius CEO Joins NEAR Foundation Board to Contribute to Product Strategy and Governance
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Stripe partners with Plasma to develop a multi-currency stablecoin card, aiming to lower cross-border foreign exchange costs.
Stripe announced a partnership with Plasma to develop multi-currency stablecoin cards, designed to enable individuals and businesses to spend using currencies already held in their accounts, reducing unnecessary currency conversions and foreign exchange costs. Plasma will serve as a design partner, integrating with Stripe’s stablecoin card infrastructure to allow customers to use their account balances for payments via multi-currency cards. The expanded infrastructure will support the U.S. dollar, Brazilian real, euro, Mexican peso, and Colombian peso; stablecoins include USDC, OUSD, and eligible stablecoins compliant with the GENIUS Act. Stripe’s stablecoin card service currently covers more than 30 countries, with plans to expand to over 100 countries by 2027. For example, users holding euros will soon be able to spend directly in euros without first converting to U.S. dollars; businesses can issue cards denominated in currencies aligned with their specific spending needs. Stripe also plans to support cardholders in spending from multiple account balances, automatically selecting the appropriate currency at the time of purchase.
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Following the release of September’s U.S. PPI and retail sales data, U.S. Treasury yields declined across the board.
Following the release of U.S. September PPI and retail sales data, U.S. Treasury yields fell across the board, with long-dated yields posting the steepest declines. The 20-year U.S. Treasury yield traded at 5.434%, down 14.6 basis points (bps) on the day; the 30-year yield stood at 5.385%, down 14.1 bps; the 10-year yield was at 5.054%, down 13.6 bps; and the 5-year yield dropped 11.5 bps.
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Geneva, Switzerland, October 12, 2026 — TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), today highlighted key findings from its State of TRON Q3 2026 ecosystem report. The report examines network activity, stablecoin settlement, liquidity, tokenomics, developer activity, decentralization, and protocol governance during the third quarter of 2026.
TRON surpassed $30 trillion in cumulative transaction volume in Q3 2026, marking another milestone for a network used as infrastructure for stablecoin settlement and digital-asset transfers. At the same time, stablecoin supply and total value locked continued to expand, while the network’s active-address base grew and transaction activity remained broadly steady.
Key Insights
In Q3, TRON surpassed $30 trillion in cumulative transaction volume. Stablecoin settlement reached $2.21 trillion in the Q3 reporting period, with average daily volume rising 3.9% from Q2 to $24.05 billion.
Canary Capital launched the Canary Staked TRX ETF (TRXS) on September 9, 2026. TRXS gives investors exposure to the spot price of TRX—the native utility and governance token of the TRON blockchain network—alongside passive net staking rewards reflected directly in the fund’s daily net asset value. TRON DAO’s team rang the Cboe Closing Bell in Chicago on September 29 to celebrate its launch.
TRON expanded its ecosystem collaborations in Q3 2026, adding institutional custody and staking, new trading venues, and digital dollar products through Anchorage Digital, Bitnomial, Backpack, Ethena, and Ducat. Payment, wallet, cross-chain, and developer integrations also broadened access and strengthened the infrastructure for payment, treasury, and DeFi applications.
Stablecoin supply and Total Value Locked continued to expand. USDT and USDD supply reached $93.88 billion, up 5.5% from Q2, while TVL including staking hit $28.21 billion and TVL excluding staking (DeFi TVL) hit $13.05 billion
The active-address base widened while transaction frequency held steady. Average rolling monthly active addresses increased 9.8% to 18 million.
Network fee generation moderated. Fees totaled $701.4 million during Q3, averaging $7.62 million per day, down 4.0% from Q2. The average daily transaction fee fell from $0.668 to $0.643.
TRON’s ecosystem continued to broaden in Q3, with new integrations spanning institutional services, trading, stablecoins, payments, wallets, and developer infrastructure. Anchorage Digital added TRX staking and TRC-20 custody, while Bitnomial and Backpack expanded access to TRX markets. Ethena brought USDe and sUSDe to TRON, and Ducat connected its Bitcoin-backed financial infrastructure to the network’s stablecoin ecosystem.
The quarter also brought new capabilities for users and developers. MoonPay introduced gasless transactions through Trust Wallet, removing the need to hold TRX for network fees, while Bitcoin.com Wallet added native support for TRX and USDT-TRC20. MetaMask connectivity expanded across B.AI, SUN.io, JustLend DAO, and BitTorrent, while Fireblocks Flow added support for payments from TRON wallets. Eco and STON.fi expanded cross-chain stablecoin connectivity, and KiiChain linked TRON assets with its 24/7 foreign-exchange and payment infrastructure. For developers, Privy expanded wallet, transaction, and policy-management capabilities, while OpenZeppelin brought its smart contract libraries and security tooling to the network. Together, these integrations strengthened the infrastructure available for payments, treasury management, and DeFi applications on TRON.
TRON’s third-quarter developments underscore continued growth in stablecoin settlement, liquidity, network activity, and ecosystem infrastructure, reflecting sustained demand for its financial infrastructure. With these trends strengthening, TRON enters Q4 with an increasingly established role in global stablecoin settlement and digital asset activity.
Read the full report from TRON here.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Today, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $94 billion. As of October 2026, the TRON blockchain has recorded over 408 million in total user accounts, more than 15 billion in total transactions, and over $28 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.”
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Tron records show a 2 million USDT conversion through USDD’s stability module; Bitquery estimates Tether froze $10 million across the wider theft cluster.
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A wallet tied to a wave of thefts from Ledger hardware wallet users converted 2 million USDT into USDD. The apparent goal was to move the money beyond Tether’s ability to freeze it.
That one swap is part of a much larger pattern. On-chain investigators say approximately $86 to $93 million was drained from more than 300 wallets.
How the money moved Investigators traced the stolen funds on October 9, 2026, across several blockchains, including Ethereum, Tron, and Bitcoin. Specter and MistTrack were among the on-chain sleuths following the trail.
Tether moved first. The stablecoin issuer blacklisted more than 20 addresses linked to the stolen assets and froze around $10 million in USDT.
The suspected perpetrator adjusted quickly. Using SUN.io, they swapped roughly 14.7 million USDT into roughly 14.6 million USDD on October 9. The swap gave up a little value, but USDD sits outside Tether’s freeze controls.
The Ethereum side of the operation took a different route. About 430 ETH, valued at roughly $1.07 million, was reportedly run through Tornado Cash. Some of those funds reportedly ended up in Binance hot wallets.
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What the thief still holds The tagged wallets are estimated to still hold about $70.6 million in crypto.
The reported breakdown:
ETH: roughly 11,406 ETH, worth about $28 million.
BTC: 213 BTC, worth about $17.6 million.
USDD: 13.65 million USDD, worth about $13.65 million.
USDT: 10.91 million USDT, part of which is frozen.
The Ledger connection The thefts have been linked to Ledger hardware wallets bought through CryptoBilis, a reseller based in Southeast Asia. CryptoBilis operates in Indonesia, Malaysia, and the Philippines.
Ledger has opened an investigation into a potential supply-chain compromise. The company has also suspended all sales through CryptoBilis.
Ledger told customers who bought wallets recently to move their funds into new wallets with fresh seed phrases.
Why this looks targeted Draining more than 300 wallets, then sorting assets by freeze risk and moving each type through a different channel, points to planning. Tether froze USDT, and the attacker turned the remaining USDT into an asset Tether can’t touch. ETH went through a mixer. The research describes the operation as sophisticated and targeted rather than random.
What this means for stablecoins and wallet buyers The USDT-to-USDD swap highlights a real gap in stablecoin freeze powers. Tether’s blacklist only covers USDT. In this case, Tether’s freezes caught around $10 million, while about $14.6 million in USDD slipped out of reach.
This is not the first instance where Tether’s blacklisting has driven illicit operators toward USDD. In September 2026, a sanctioned marketplace moved to USDD after Tether froze over $45 million in linked USDT.
Funds reportedly reaching Binance hot wallets puts centralized platforms in a position to act if they can identify and hold the deposits.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Ethereum rose 71% in Q3, with its profit supply ratio still not entering the warning zone.
Coinbase Institutional issued a report noting that ETH rallied 71% in the third quarter, yet on-chain metrics show no clear signs of overheating in its price action. Data indicates the share of ETH supply in profit has exited the accumulation range, but remains well below the warning threshold, signaling the current market has not reached the overextended levels flagged by historical metrics.
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Hacker who stole funds from Ledger transferred $1.07 million worth of ETH to Tornado Cash, with some of the funds flowing into Binance’s hot wallet.
According to Onchain Lens monitoring, the suspected hackers linked to the recent crypto heist involving Ledger reseller CryptoBillis — with the stolen amount reportedly nearly $90 million — have transferred 430.2 ETH, valued at around $1.07 million, to Tornado Cash via four wallets. After Tether froze some of the related funds, the suspects reportedly began converting USDT to USDD via SUN.io and USDD’s Peg Stability Module (PSM), while another portion of the funds flowed into Binance’s hot wallet. The suspected wallets flagged by Onchain Lens currently hold approximately $70.6 million in assets, including 11,406 ETH (worth ~$28.35 million), 213.371 BTC (~$17.65 million), 13.646 million USDD (~$13.65 million), and 10.909 million USDT (~$10.91 million). As on-chain funds continue to move, the above tracking data and suspect associations remain to be further verified.
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Former Mt.Gox CEO claims to have discovered Ledger hardware wallets implanted with spy modules, which can send mnemonic phrase information via LTE.
Former Mt. Gox CEO Mark Karpelès revealed in a post that a Ledger hardware wallet he received is suspected to have an implanted spy module. The device originated from Malaysia; its outer packaging’s heat-shrink film was intact, and anomalies were not immediately noticeable upon opening. The implant was hidden in the position of the screen’s original buffer pad. Karpelès further detailed that the module contains LTE communication components, an antenna, eSIM, and a microcontroller connected to Ledger’s SPI bus. It can analyze characters displayed on the device to users and exfiltrate relevant data after the mnemonic phrase is configured. Attackers may subsequently monitor the victim’s wallet address and transfer assets at an opportune moment. He urged users to inspect their devices in accordance with Ledger’s official guidance.
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MAGIC rose over 60% in 24 hours, pushing its market capitalization to $33 million.
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某用户6月抄底80枚BTC浮盈138万美元，一周前存入Ledger现已全部被盗
According to Lookonchain’s monitoring, a user purchased 80 BTC for approximately $65,000 around four months ago, with a total investment of about $5.2 million. The user once recorded an unrealized profit of roughly $1.38 million. However, the user bought a Ledger hardware wallet from third-party dealer CryptoBillis a week ago and transferred all 80 BTC into it, only to have the entire funds stolen now. This incident is linked to recent fund thefts involving multiple CryptoBillis clients, though whether the devices were tampered with, the specific attack method, and the attacker’s identity remain unconfirmed.
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Investor Loses 80 $BTC ($5.2M) After Buying Compromised Ledger From Reseller
Poor guy! 4 months ago, he bought 80 $BTC ($5.2M) at a low price of ~$65,000 and was sitting on a $1.38M profit. But a week ago, he bought a Ledger device from reseller CryptoBillis and deposited all 80 $BTC into it. Now he's lost everything.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to the latest compiled data on stablecoin current wealth management and earning products from HTX, Binance, OKX, and Bitget, major platforms still generally adopt a "high returns for small amounts, tiered reduction for excess amounts" mechanism. The table shows OKX’s yields are presented net of a 15% fee. For USDT: HTX’s 0-200 USDT tier offers an annualized yield of 10%, dropping to 1.95% for excess amounts; Bitget’s 0-300 USDT tier yields 7.33%, with excess amounts at 2.67%; Binance’s 0-800 USDT tier yields 6.51%, excess at 2.51%; OKX’s yield stands at 2.54%. For USDC: HTX’s 0-200 USDC tier has an annualized yield of 8%, excess at 2.75%; Binance’s 0-300 USDC tier yields 7.20%, excess at 2.20%; Bitget’s 0-300 USDC tier yields 6.66%, excess at 2.23%; OKX’s yield is 1.95%. For other stablecoins: HTX’s USDT VIP tier offers an annualized yield of 6%-9%, applicable for amounts between 50,000 and 100,000; Binance’s USDT VIP yield is 2.6%-2.65%; Bitget’s USDT VIP 0-300,000 tier yields 2.88%, with excess amounts at 1.88%. For USDE: HTX presents tiered yields of 5% and 3%, Binance offers 4.75%, and Bitget has a yield of 1.05%. HTX’s USDD yield is 4.00%; Binance’s U product’s 0-5,000 tier yields 8.70% annually, excess at 0.70%, while Bitget’s U product yields 1.50%. Overall, high returns remain concentrated in small amount tiers, with annualized yields generally declining as capital size increases. Users should also pay attention to tier limits, interest calculation rules, fees, and real-time availability when comparing products. The above data are page-displayed yields and do not constitute investment advice.
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US authorities have restrained roughly $52 million in scam-linked crypto in a single day and seized the Telegram channels of Xinbi Guarantee, a Chinese-language illicit marketplace.
Elliptic says its multi-year tracking of Xinbi’s wallets enabled the Secret Service to act. Treasury sanctions landed the same day.
Inside the $24 Billion Xinbi Guarantee EconomyXinbi is a Chinese-language marketplace that runs on Telegram and sells services to scam center operators. Vendors advertise custom fraud websites, money laundering, and recruitment for compounds in Southeast Asia.
Elliptic exposed the operation in May 2025. The firm now counts at least $24 billion in transactions since 2022, second only to Huione Guarantee, which handled $31 billion before shutting down in 2025.
A linked payments arm, Xinbi Pay, has processed another $6 billion. Most of that flowed in Tether (USDT) on the TRON blockchain. The United Kingdom sanctioned Xinbi in March 2026.
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Xinbi Turns to USDD After the FreezeProsecutors seized two Xinbi payment wallets containing about $12 million and moved against 47 more, according to the Justice Department, which credited Tether for its help.
“After scamming money from hardworking Americans, criminals operating overseas laundered it through the Xinbi Guarantee network, which operated under the false assumption that they were out of the reach of U.S. law enforcement,” Tara McLeese, Special Agent of the US Secret Service, said.
The Office of Foreign Assets Control designated Xinbi a significant transnational criminal organization on the same day. It separately designated two entities that supported the marketplace.
Prosecutors also announced a Madagascar deployment, where authorities dismantled 13 Chinese-run compounds and arrested nearly 400 people. Strike Force agents spent two weeks assisting and processing more than 3,200 devices.
Xinbi condemned what it called arbitrary freezing and promised to compensate customers. It then swapped roughly $2.8 million of leftover USDT into Decentralized USD (USDD), a stablecoin with no issuer freeze function.
That escape route has limits, since Elliptic notes USDD is partly backed by freezable USDT. Guarantee marketplaces run on trust, and merchants now know their deposits can vanish without warning.
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The US Secret Service froze $52.8 million in USDT across 52 wallets tied to Xinbi Guarantee, a Chinese-language Telegram-based marketplace, in a major operation targeting global crypto scams. The freeze took place on September 8 and relied on intelligence generated by blockchain analytics firm Elliptic.
Treasury sanctions and DOJ enforcementOn the same day, the Treasury Department’s Office of Foreign Assets Control (OFAC) designated Xinbi as a significant transnational criminal organization. The Department of Justice’s Scam Center Strike Force, which has been pursuing cybercriminal operations since November 2025, reported that it has now seized $938 million in scam-linked cryptocurrency.
Elliptic stated that its tracking of Xinbi and its wallet infrastructure over several years directly enabled both the freeze and the sanctions. The company added that its intelligence led US authorities to take coordinated action against Xinbi and its support network.
Out of the 52 wallets targeted, two containing approximately $12 million were seized under a newly unsealed DOJ warrant. The remaining wallets, all holding USDT, remain frozen pending further investigation.
How Xinbi operatesXinbi Guarantee is not a conventional marketplace, but rather an escrow-based platform where vendors post crypto deposits to ensure mutual trust. These deposits act as collateral, and buyers who feel defrauded can be reimbursed from the escrowed funds, making such platforms attractive to cybercriminals dealing in stolen personal data or money-laundering services.
Since 2022, Xinbi and its merchants processed at least $24 billion in transactions, according to Elliptic. This makes it the second-largest illicit online market tracked so far, trailing only Huione Guarantee, which handled $31 billion before being shut down by Telegram in May 2025 following years of investigation.
Elliptic analysts observed that Xinbi rapidly absorbed illicit transaction volumes after Huione’s closure, capitalizing on the proven demand for such services within criminal networks.
Xinbi’s ties to global scams are extensive, including operations built on “pig butchering” schemes that lure victims into fraudulent online relationships and convince them to invest in fake apps showing phony profits.
Global reach and new countermeasuresOFAC sanctioned two more firms alongside Xinbi: SafeW Technology, based in Singapore, and Cambodia’s Anwen Technology. Both companies allegedly supported Xinbi’s operations. The UK government had already placed Xinbi under sanctions in March.
In response to the asset freeze, Xinbi issued a statement labeling the government’s action “arbitrary” and promised to reimburse affected customers.
The platform quickly began shifting funds: roughly $2.8 million in USDT was swapped for USDD, a stablecoin issued by Tron founder Justin Sun. Unlike USDT, USDD lacks a mechanism for externally freezing wallets. However, some of USDD’s reserves remain backed by USDT, exposing Xinbi to ongoing regulatory risks.
Platforms like Xinbi are increasingly seeking alternatives for asset storage, but the technical interlink between stablecoins can undermine those efforts, especially when reserve backing creates indirect exposure to regulatory controls.
The DOJ’s Scam Center Strike Force expanded its operations globally during the same period, assisting Madagascar authorities in dismantling 13 scam compounds led by Chinese nationals. The efforts resulted in nearly 400 arrests and the confiscation of over 3,200 devices.
Amid rapidly shifting enforcement tactics and the complex technical landscape, market observers have noted that traders often lose track of critical developments by switching between separate platforms for monitoring charts, news, and portfolios. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, users gain access to real-time charts, smart price alerts, coin-specific news, and macro data on one screen.
The Secret Service’s recent action against Xinbi is part of a wider crackdown on criminal crypto ecosystems that rely on stablecoins for illicit finance. Investigations are ongoing, and Xinbi’s unfrozen balances remain under scrutiny as enforcement agencies push for further seizures.
Fifteen crypto holders have lost a combined $9.4 million in the past four weeks to a single address poisoning scammer operating on the Tron blockchain, according to on-chain investigator SpecterAnalyst.
How address poisoning targets usersThe attacker drained funds from fifteen victims, with the two largest individuals each suffering $2.5 million in losses. The stolen assets were quickly converted to USDD, the Tron-based stablecoin, and transferred into a single consolidation wallet.
Analyst Stacy Muur explained that address poisoning works by having the scammer send minuscule amounts of cryptocurrency—known as dust transactions—from addresses made to resemble legitimate ones the victim has recently interacted with. These fake addresses are crafted to imitate the genuine recipient’s address by matching the first and last few characters.
Since most crypto wallets display only the start and end of each address due to their length, users often recognize only these segments. This pattern makes it easy for a scammer’s dummy address to slip into a user’s transaction history, where it can be mistakenly copied and used later for a large transfer, unknowingly sending funds to the attacker instead of the intended party.
When blockchain addresses display just a few starting and ending characters in a user’s history, individuals may not notice a malicious address in the middle and can mistakenly send funds to a scam operator, especially when reusing addresses from previous transactions.
A striking example occurred on August 22, when Bofur Capital, an investment firm, lost around $2 million. The attacker had earlier sent a dust transaction of just 0.0002 USDC to Bofur from a fraudulent address, then waited until Bofur withdrew funds from Compound. By pasting the wrong address from their transaction list, Bofur inadvertently transferred the funds to the thief, who quickly swapped the USDC for DAI to avoid a freeze.
Current wallet protections and limitationsSome wallet providers have responded by introducing new safety features. MetaMask, owned by Consensys, and Trust Wallet have launched protections to help users avoid address poisoning, but their solutions focus mainly on EVM-compatible blockchains such as Ethereum, BNB Smart Chain, and Polygon. Tron users remain largely unprotected.
MetaMask now issues a warning when users attempt to send assets to an address where only the visible first and last segments match a previously saved address, but the internal characters differ.
Trust Wallet introduced Address Poisoning Protection in March. This function checks addresses against a curated database of flagged poison addresses and presents a side-by-side view if a match is found. Trust Wallet has reported intercepting over 225 million poisoning attempts and confirmed over $500 million in losses to this particular scam method. The company estimates this represents 34,000 attacks per hour.
Cryptopolitan has noted that low gas fees on Ethereum enable scammers to conduct high volumes of dusting attacks, which can artificially increase the platform’s daily transaction counts.
After a $50 million address poisoning heist in December, Binance founder Changpeng Zhao urged all crypto wallets to check and block suspected poison addresses.
Keeping funds secure amid evolving threatsWith varied adoption of anti-poisoning technologies among wallets and inconsistent coverage across blockchains, experts emphasize personal vigilance. Users are advised to verify every character in destination addresses and store trusted contacts using wallet address book features, instead of copying from transaction history.
When sending large sums, it is also prudent to first transfer a small test amount for confirmation. In a market where a single Fed decision or sudden altcoin listing can change everything within seconds, investors moving rapidly between separate apps for news, portfolio management, and price charts may expose themselves to added risk and cost. Many traders are now turning to privacy-first platforms like CryptoAppsy, which offer a unified dashboard featuring real-time charting, coin-specific news, portfolio tracking, smart price alerts, and key macroeconomic indicators—all without requiring the creation of an account.
Until security features become standard on every blockchain and wallet, user awareness and best practices remain the front line of defense against address poisoning and similar attacks.
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Bernstein: Bitcoin's push toward $80,000 is liquidity-driven, with ETF fund flows rebounding.
Bernstein analysts believe Bitcoin’s rally over the past two days may signal a shift in market momentum, driven by improved liquidity conditions, rebounding ETF demand, and more favorable regulation. Bitcoin hit $79,500 at one point on Friday before pulling back to around $78,000. The analysts linked this rally to the U.S. Treasury’s announcement of expanded long-term Treasury repo operations, noting that liquidity expansion has historically been positive for Bitcoin. Additionally, Ethereum has outperformed Bitcoin during this rally, a trend analysts attribute to ETH’s greater exposure to stablecoins, tokenization, and real-world assets. Flows into spot Bitcoin ETFs have shifted from net outflows in May and June to net inflows of $1.6 billion this week, pushing their total assets under management to over $85 billion. Strategy’s holdings have turned into unrealized gains of more than $2 billion, with its cash reserves sufficient to cover 2.8 years of dividend payments. Bernstein also noted that regardless of whether the highly anticipated CLARITY Act—set for a procedural vote on September 15—passes, the SEC and CFTC are expected to accelerate legislative processes in areas including native token issuance, equity tokenization, perpetual contracts, computing power derivatives, and prediction markets. (The Block)
5 minutes ago
Nomura-backed Laser Digital secures Japan’s first crypto asset license in four years.
Japan’s financial regulator has approved Laser Digital Japan’s registration as a crypto asset transaction service provider, making it the first new entrant to obtain such a license in Japan in nearly four years, marking the accelerated entry of institutional-grade digital asset services into the Japanese market. Laser Digital stated that it will initially provide liquidity services for local virtual asset service providers in Japan, with plans to further launch digital asset trading services for institutional investors in the future; specific launch timelines and business scopes have not yet been announced. Laser Digital is backed by Nomura Holdings, one of Japan’s largest investment banks. Jez Mohideen, co-founder and CEO of the company, noted that Japan’s digital asset market is entering a new stage of development, and with rising interest from institutional investors, the market needs more reliable counterparties and infrastructure. A prior institutional investor survey released by Nomura and Laser Digital showed that 79% of respondents plan to invest in crypto assets within the next three years. This regulatory approval comes as Japan advances crypto asset regulatory reforms. Japan has previously reclassified cryptocurrencies as financial assets, laying a legal foundation for the future launch of crypto asset ETFs and the implementation of a separate tax system, with the new rules expected to take effect in 2027. Steve Ashley, executive chairman of Laser Digital, said global institutional investors are increasingly focusing on the digital asset market and seeking professional infrastructure tailored to institutional needs.
At Unitree's celebration banquet, Wang Liheng shared: "I originally wanted a mechanical piano, but Wang Xingxing gave me a humanoid robot."
Unitree Robotics successfully completed its IPO today. Founder Wang Xingxing, Sequoia Capital’s Shen Nanpeng, and renowned singer Wang Leehom attended the post-IPO celebration banquet. In his speech, Wang Leehom recalled his experience collaborating with Unitree on a humanoid robot stage performance. Wang said that over a year ago, he first visited Unitree hoping the company would design a movable mechanical piano for his concert, but Wang Xingxing replied: "We don’t make pianos, but we make humanoid robots." After that, the Unitree team input thousands of movements into the robots via motion capture and worked to integrate them into the entire concert’s complex choreography. During the final rehearsal, the robots faced an issue where their timing gradually slowed down. Wang noted that Unitree’s engineering team then worked overnight to write new code, synchronized the robots with the lighting system’s timecode, and completed adjustments before the official show, allowing the performance to proceed smoothly. He added that when facing tasks they had never done before, the team repeatedly responded: "We haven’t done this before, but we can definitely do it." Wang also mentioned that the day after the performance, Elon Musk shared the related video and commented "Impressive." At the celebration banquet, Wang Leehom said: "Today, the financial world is also abuzz," and extended his congratulations to Wang Xingxing and the Unitree team.
15 minutes ago
Tesla launches Doubao large language model
Tesla has launched the Doubao large language model. According to relevant introductions, the model is now being gradually rolled out to Tesla's in-vehicle systems. (Volcano Engine)
15 minutes ago
Cantor Fitzgerald plans to open Kalshi prediction markets to its institutional clients.
According to a Wall Street Journal report, Cantor Fitzgerald plans to open its Kalshi prediction markets to roughly 3,000 institutional clients—including family offices and hedge funds—who will be able to trade contracts tied to events such as weather, commodities, and corporate performance. Susquehanna International Group will provide quotes and liquidity for these trades. Cantor will act as a broker, facilitating the purchase and sale of bulk event contracts for clients, and may distribute related positions to other investors via private negotiations. Pascal Bandelier, co-CEO of Cantor, noted that hedge funds have expressed interest in trading event contracts linked to iPhone sales, rather than betting on sales shifts indirectly through Apple’s stock price; family offices, meanwhile, are focused on using contracts tied to weather, crop yields, and oil prices for risk hedging. Joe Grubb, head of business development at Susquehanna Predictions, added that AI supply chain risks and computing power prices could also serve as use cases for the prediction markets. Institutional clients can also propose new market themes based on their needs, and the companies have discussed with investors the types of contracts they aim to launch. Kalshi has been ramping up its efforts to expand its institutional client base in recent months, completing its first bulk transaction this year and partnering with Interactive Brokers. Max Crowley, vice president of business development at Kalshi, stated that institutional demand for hedging against specific event risks is already in place.
15 minutes ago
Poll: 63% of Americans believe the Trump family profited improperly from crypto businesses.
According to a Reuters/Lpsos poll, 69% of U.S. respondents believe that U.S. President Donald Trump’s private business interests will influence his decision-making during his term. Additionally, 63% of respondents consider it inappropriate for Trump and his family to profit from cryptocurrency businesses if he returns to the White House. The poll results could further increase political pressure on Trump ahead of the November midterm elections.
15 minutes ago
US pre-market trading saw mixed performance among semiconductor, storage, and optical communication stocks, with SKHY rising more than 4% and NOK gaining over 2%.
According to BIT (bit.com) market data, US pre-market trading for semiconductor, storage, and optical communication stocks showed mixed results. Most semiconductor stocks fell: Intel (INTC) dropped 1.23%, Marvell Technology declined 1.00%, Qualcomm (QCOM) fell 0.44%, and AMD slipped 0.37%; Taiwan Semiconductor Manufacturing (TSM) gained 0.38% and NVIDIA (NVDA) rose 0.29%. The storage sector was mixed: SK Hynix (SKHY) advanced 4.40% and SanDisk (SNDK) climbed 0.80%; Micron Technology (MU) edged down 0.08%, Seagate Technology (STX) fell 0.19%, and Western Digital (WDC) dropped 0.44%. Most optical communication stocks rose: Nokia (NOK) jumped 2.13%, Applied Optoelectronics (AAOI) increased 1.22%, and Ciena (CIEN) gained 0.73%; Marvell Technology (MRVL) slipped 1.00% and Corning (GLW) declined 0.88%.
15 minutes ago
Analysis: SK Hynix's shareholder return plan exceeds expectations, with potential shareholder returns reaching up to 150 trillion won by 2027.
South Korea’s Meritz Securities analyst Kim Sun-woo noted that SK Hynix unveiled a shareholder return plan after market close on August 19, announcing it will repurchase and cancel 40 trillion won of its own shares within three months. The announcement came earlier than the company’s prior plan to release such news within the third quarter, and Kim Sun-woo believes the market may view the timing as a positive surprise. SK Hynix said the large-scale repurchase and cancellation decision stems from its view that its current share price does not fully reflect its business competitiveness and cash-generating ability. Additionally, the company plans to announce new base and special dividend policies at its third-quarter earnings briefing at the end of October. Meanwhile, SK Hynix has raised its shareholder return threshold from the previous “within 50% of free cash flow (FCF)” to “more than 50% of FCF”, and aims to introduce a capital reduction dividend policy next year. Meritz Securities forecasts SK Hynix’s 2027 FCF will reach 250 trillion to 300 trillion won, translating to a potential shareholder return scale of 125 trillion to 150 trillion won (roughly $89.9 billion to $107.9 billion). The plan exceeded expectations in three areas: announcement timing, management’s recognition of undervaluation, and outlook for subsequent policies, and is expected to drive the company to complete share repurchases intensively over the next three months to lift its share price.
Semiconductor stocks were mixed in U.S. pre-market trading, with Intel rising nearly 5% while most storage and optical communication stocks declined.
According to BIT (bit.com) market data, ahead of Friday’s US pre-market trading, semiconductor stocks were mixed: Intel (INTC) rose 4.76%, Arm (ARM) gained 0.96%, and AMD (AMD) increased 0.41%; SK Hynix (SKHY) fell 2.93%, Micron Technology (MU) dropped 2.16%, Marvell Technology (MRVL) decreased 1.41%, and NVIDIA (NVDA) declined 0.72%. The storage sector saw broad declines: SK Hynix (SKHY) fell 2.93%, SanDisk (SNDK) dropped 2.19%, Micron Technology (MU) decreased 2.16%, Western Digital (WDC) declined 1.68%, and Seagate Technology (STX) fell 1.24%. Most optical communication concept stocks retreated: Nokia (NOK) dropped 2.15%, Astera Labs (ALAB) fell 1.99%, Credo (CRDO) decreased 1.86%, Ciena (CIEN) declined 1.14%, and Applied Optoelectronics (AAOI) fell 0.62%.
20 minutes ago
Suspected a16z address has staked 2.785 million HYPE tokens, worth approximately $164 million.
According to Mlm monitoring, a HYPE whale staked 2.785 million HYPE tokens via 20 wallets over the past 11 hours, worth roughly $164 million. The whale had previously accumulated 2.94 million HYPE tokens between September and October last year, currently valued at approximately $172 million, and ranks among HYPE’s largest holders. The whale may be linked to a16z, though this association has not been confirmed.
20 minutes ago
Intel's pre-market trading rose nearly 5% on the back of strong Q2 performance and Q3 guidance that exceeded expectations.
According to market data from BIT (bit.com), Intel (INTC) is up nearly 5% in pre-market trading, as its Q2 results were strong and Q3 guidance exceeded expectations.
20 minutes ago
Jiang Zhuoer: The CLARITY Act has only a 10% to 20% chance of passing, with major disagreements on ethical provisions persisting between the two parties.
Jiang Zhuoer, founder of BTC.TOP, stated in a post that the Clarity Act has only a 10% to 20% chance of passing, with major disagreements persisting solely on its ethics provisions. The proposal agreed by Trump only restricts the president and their spouse from engaging in crypto asset issuance, while Democrats demand including other family members and family entities in the restrictions. The two sides also failed to reach an agreement on law enforcement authority: Trump supports the U.S. Department of Justice (DOJ) being responsible for prosecuting violations, but Democrats argue the Attorney General is appointed by the president and demand granting state attorneys general the right to prosecute as well. Jiang believes that fully accepting the Democrats’ proposed restrictions would leave Trump with little incentive to sign the bill. Apart from the ethics provisions, multiple disagreements also exist in other parts of the legislation. The U.S. Congress will adjourn on August 7, with only around 10 working days remaining, leaving the procedural timeline extremely tight and making it difficult to bridge major divides before adjournment. He added that Congress’s session from September 14 to October 5 falls near the midterm elections, and lawmakers must also handle budget and appropriations agendas, with even a potential government shutdown risk. Democrats also lack the political incentive to push the bill through before the elections.
20 minutes ago
Bitget has completed dividend distributions for 63 stocks including Micron Technology and TSMC.
According to an official announcement, Bitget has completed the dividend distribution for 63 US stocks and ETFs, including rMU (Micron Technology), rQQQ (Nasdaq 100 Index ETF), and rTSM (Taiwan Semiconductor Manufacturing Company, TSMC). The platform has settled USDT dividends proportionally for users who held the relevant assets at the snapshot time, with the entire process automated—no user action is required. This distribution covers multiple asset categories including technology, semiconductors, communications, and index ETFs. Users can check specific details via: in the App, navigate to "Assets" → "Financial Records" → "Spot" → "Other" → "Dividends"; or on the Web, go to "Asset Overview" → "Spot Orders" → "Fund Flow" → "Other" → "Dividends". The final credited amount and timing shall be subject to the platform’s actual credit and page display.
20 minutes ago
Ethereum breaks through $1,900
According to HTX market data, Ethereum has broken through the $1900 level, with a 0.92% decline in the past 24 hours.
According to the latest compiled data on flexible savings and earning products at mainstream centralized exchanges (CEXs), stablecoin current yields on platforms like HTX, Binance, OKX, and Bitget show certain differences, with most products adopting a tiered interest structure: high returns for small amounts, reduced rates for excess sums. For USDT products: HTX’s 0–200 USDT tier offers the highest annualized percentage yield (APY) at 10%; Bitget’s 0–300 USDT tier yields 6.24%; Binance’s 0–200 USDT tier is 4.55%; OKX’s stands at 1.62%. Above the respective thresholds, HTX, Binance, and Bitget’s APYs drop to 1.95%, 1.55%, and 1.58% respectively. For USDC products: HTX’s 0–200 USDC tier has an APY of 8%; Bitget’s 0–300 USDC tier is 6.66%; Binance’s 0–200 USDC tier is 6.69%; OKX’s is 1.78%. Exceeding the thresholds, HTX, Binance, and Bitget’s rates fall to 2.75%, 1.69%, and 1.36% respectively. Additionally, for USDE current products: HTX offers APYs of 5% for the 0–1000 tier and 3% for amounts above 1000; Binance’s rate is 3.75%; Bitget’s is 3.70%. As for USDD current products, only HTX currently offers them, with a listed APY of 4.00%. For other U-based products, Binance’s 0–10,000 tier yields 8.54% APY, while HTX’s is 3.00%. Overall, current high yields on CEX stablecoin current products are mostly concentrated in small tiers, with yields dropping significantly for large sums. When comparing products, users should not only consider the nominal APY but also tier limits, supported currencies, platform rules, and product availability. Note: This data is compiled from official public pages of various CEX platforms for informational purposes only and does not constitute any investment advice.
Relevant content
Venice AI updates its token economics: introduces a buyback mechanism and raises the supply cap for DIEM.
Venice AI has issued an announcement updating its token economics, with two primary changes: First, a new programmed burn mechanism: For every $100 worth of API credits purchased, $5 will be allocated to buy VVV on the open market and permanently burn the tokens. Second, DIEM’s supply target has been raised for the first time, from 38,000 to 40,000 (an increase of 2,000 units). The adjustment will be rolled out in phases, with the full target expected to be achieved by September 14.
5 minutes ago
Trump Media Company prices exclusive early access to Trump’s posts at $100,000 per month.
According to the Financial Times, Trump Media & Technology Group is pitching a $100,000 monthly service to clients that delivers fast access to former President Donald Trump’s posts. Earlier reports noted that Trump Media would sell premium, faster access to posts on its Truth Social platform; the new service allows traders and investors to pay for real-time pushes of Truth Social content. This data feed service will launch next month for institutional clients, including high-frequency algorithmic trading firms.
5 minutes ago
Cardano will hand over control of its core software to an external team starting in August.
Cardano developer Input Output will transfer control of key blockchain components—including Haskell nodes, the Plutus platform, and the Daedalus wallet—to external professional teams starting in August, as part of its multi-year decentralization initiative. Independent firms such as Se7en Labs and Teragone will oversee portions of the core infrastructure. At least three Cardano implementations will be maintained in Haskell, Rust, and Go, under community oversight and formal specification management. Cardano is currently grappling with weak network activity and a sharp drop in the ADA token’s price. Founder Charles Hoskinson framed the restructuring and ecosystem-related setbacks as necessary "growing pains" on the path to full decentralization.
5 minutes ago
France blocks prediction market Polymarket.
French gambling regulator ANJ announced on July 17 that Polymarket’s website will be blocked in France, following its November 2024 ban on financial transactions with the platform. The ANJ stated that the site’s ongoing operation—with real-time updated odds for various events—qualifies as advertising. Even after banning French accounts from conducting trades on Polymarket, accesses to the platform from French internet addresses have continued to rise, reaching 578,751 visits in June.
5 minutes ago
Meta is in talks with Anthropic over a computing power leasing agreement, with the potential deal valued at up to $10 billion.
According to The New York Times, Meta Platforms is in talks with Anthropic over a computing power leasing agreement, with the potential deal size reaching up to $10 billion for a two-year term. The negotiations remain in the early stages. Additionally, market data from BIT (bit.com) shows Meta's share decline has narrowed to 3%.
5 minutes ago
Serenity: Its investment portfolio has posted a nearly 50% drawdown this month, and it firmly believes that the current round of adjustment is merely leverage-driven volatility, with its growth logic remaining intact.
Serenity posted a statement noting that their portfolio suffered a 49.4% drawdown this month, with main holdings concentrated in AI bottleneck sectors including memory, photonics, robotics, and upstream semiconductors. Serenity acknowledged pressure from the short-term market crash, but maintained that the volatility stems from liquidity and leverage rather than a breakdown in the structural growth logic of these fields.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
@BinanceWallet has officially added JustLend DAO to its DeFi interface, opening up direct access to TRON-based lending markets for the exchange's millions of users. The move, driven by @DeFi_JUST, connects retail capital to decentralized credit markets on @Trondao without requiring users to navigate third-party platforms.
What Users Can Now Access Through the integration, @BinanceWallet users can subscribe to a core set of @Trondao ecosystem assets directly within the wallet interface. Supported assets include $TRX, $JST, $WBTC, $SUN, and $USDD, the yield-bearing stablecoin native to the TRON network.
JustLend DAO is the leading decentralized lending protocol within the TRON ecosystem, with a total value locked (TVL) surpassing $8.16 billion and a user base exceeding 474,000. The platform offers lending, staking, and energy rental services, positioning itself as a comprehensive hub for both retail and institutional participants.
By combining lending, liquid staking for $TRX, and resource rental in one interface, JustLend DAO concentrates liquidity, improves capital efficiency, and helps bootstrap the broader TRON app economy with cheaper transactions and deeper credit markets.
A Protocol Built for Scale JustLend DAO is a TRON-powered money market protocol where interest rates are determined by an algorithm based on the supply and demand of TRON assets. Borrowing requires over-collateralization, with smart contracts automatically matching supply and demand. Interest accrues based on the TRON block production schedule, and automated liquidation mechanisms protect the lending pool when collateral values fall below required thresholds.
JustLend DAO, the largest lending platform on the TRON blockchain, unveiled its Supply and Borrow Market V2 (SBM V2) on June 17, 2026, adopting a new architecture that moves from shared pools to isolated collateral. JustLend has consistently ranked among the top five DeFi lending protocols globally by TVL.
JustLend DAO prioritizes user accessibility through features like flexible asset allocation and seamless integration with platforms such as Binance Wallet. The @BinanceWallet integration builds on that approach, removing friction for users who want exposure to TRON's lending markets without leaving their primary wallet environment.
Sources
OKX: JustLend DAO and TRON DeFi Overview
Cryptopolitan: JustLend DAO Rolls Out Isolated Lending Upgrade on TRON
JustLend DAO Official Documentation
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Analyst Oscar Ramos is doubling down on his bullish stance for XRP, warning that many will come to regret not going all-in on the asset.
This follows his earlier statement from two weeks ago, in which he urged investors to prioritize XRP amid shifting market momentum. Since that call, XRP has surged by more than 50%, validating his conviction.
XRP Surged 52.5% in Two Weeks Specifically, Ramos first advised making XRP a portfolio priority on July 10, just before the market’s latest breakout phase. At the time, Bitcoin had pushed to new highs and was helping to lift the broader altcoin market. XRP, benefiting from multiple positive developments, emerged as one of the top performers.
Since that tweet, XRP has rallied from around $2.40 to a high of $3.66 on July 18, a 52.5% gain in just two weeks. As of now, XRP is consolidating and trading at $3.49, still holding onto most of its gains, with a modest 0.85% increase in the past 24 hours.
Why the Rally Has Legs Notably, Ramos’ thesis is grounded in key factors beyond hype. His earlier tweet came amid a series of positive developments surrounding XRP’s ecosystem. These include Ripple’s push for institutional integration, the growing relevance of the RLUSD stablecoin, and mounting ETF speculation.
One major development was Ripple naming BNY as the official custodian for RLUSD, the XRP Ledger’s native stablecoin. The partnership aims to accelerate institutional adoption by linking traditional banking with blockchain infrastructure.
RLUSD, which uses XRP to settle fees, has also surpassed TrueUSD and Tron’s USDD, with a market cap exceeding $532 million.
XRP ETF Momentum and Whale Accumulation XRP also saw a flurry of ETF-related announcements during the same two-week period. ProShares was set to launch multiple futures-based XRP ETFs on July 14. Turtle Capital and Volatility Shares planned to follow with 2X leveraged versions on July 21.
As of press time, these products have not yet commenced trading. Their eventual launch would represent a major step toward making XRP more accessible to institutional investors, even as the SEC continues to delay decisions on more than ten pending spot XRP ETF filings.
Meanwhile, large holders are acting accordingly. Data from Santiment shows that the number of wallets holding at least one million XRP has reached record levels. These whales control more than 47 billion XRP.
Retail investors are also joining the trend. More recent data from Santiment shows that XRP’s climb coincided with the creation of 6,939 new wallets in a single day in July, the highest since March.
Also, Social media buzz has surged, with XRP capturing 5.5% of all crypto-related discussions, reflecting heightened retail interest.
“People Will Regret It,” Says Ramos For market watchers like Ramos, not prioritizing XRP amid this lineup of bullish factors could prove to be a major regret for crypto investors.
Indeed, some leading industry voices like Dave Portnoy are already publicly expressing remorse for fading XRP. Portnoy disclosed that he liquidated a $3 million XRP portfolio just before the coin surged by 60%.
However, not everyone agrees with focusing on a single crypto during this bull run. For instance, X user Nina argued that investors should avoid overexposing themselves to one asset and instead plan their strategies to mitigate risk.
Whether it is XRP or other cryptocurrencies, you should not invest all your money in one, you need to plan a strategy to avoid risks.
— NINA (@nina_NNLV) July 22, 2025
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
PANews reported on April 17th that USDD recently released its Q1 2026 performance data: Revenue reached $6.3 million, a 66.6% increase quarter-over-quarter; profit reached $6.14 million, a 77.9% increase quarter-over-quarter; expenses decreased to $160,000, a 51.6% decrease quarter-over-quarter; vault balance increased by 77.9% quarter-over-quarter on a disclosed basis; and total vault balance rose to $13.91 million. The performance growth was mainly attributed to the continued expansion of its ecosystem, collaborations with Binance Wallet, GateDEX, Bitget Wallet, and others, as well as improved capital efficiency resulting from the optimization of TRX and sTRX vault parameters.
At the same time, more diversified capital allocation has further enhanced the resilience of returns. While maintaining zero systemic risk, USDD is accelerating into a new stage of high-quality growth.
PANews reported on April 23 that HTX, a cryptocurrency trading platform, recently released an in-depth research report on USDD. The report indicates that the decentralized stablecoin USDD has completed its key transformation into an overcollateralized stablecoin, and its overall maturity has entered the same competitive range as DAI. Leveraging the TRON ecosystem and its multi-chain native deployment advantages, USDD is gradually becoming a new generation of decentralized stablecoin infrastructure that combines stability and yield.
The report provides a comprehensive and in-depth analysis of USDD from multiple dimensions, including its core competitive advantages, overall revenue ecosystem, security system, and competitive landscape, and highly affirms its sustainable revenue ecosystem and differentiated advantages.
PANews reported on April 24 that, according to official sources, the Smart Allocator for the decentralized stablecoin USDD has generated over $16 million in cumulative investment returns, demonstrating its strong self-sustaining capabilities and further strengthening its long-term competitiveness in the stablecoin sector.
Smart Allocator is USDD's yield-sharing mechanism. Users earn interest and platform rewards by participating in high-quality projects, and these returns are then shared with them. This mechanism emphasizes the stability and sustainability of yield sources, rather than relying on short-term high-yield strategies. Furthermore, its investment destinations and returns are kept transparent on-chain, allowing users to publicly query and verify them.
On-chain detective ZachXBT has shared details of the massive crypto Ponzi scheme that took over $150 million from unsuspecting victims before collapsing last week.
The Mechanics Behind The $150M Crypto Ponzi In a series of X posts, ZachXBT unveiled the details of a Ponzi scheme that had been operating under the DSJ Exchange (DSJEX), a fake trading platform, and BG Wealth Sharing, a fraudulent investment scheme, since 2025. The scam involved a fake CEO named Stephen Beard, a self-proclaimed professor who represented the platform to the public.
According to the Tuesday thread, DSJEX and BG Wealth advertised daily returns of 1.3%–2.6%, with referral commissions and rank-based bonuses. In addition, Beard pushed recruitment and fake trading signals through a group on Hong Kong messaging app BonChat.
BG Wealth’s member recruitment posts. Source: ZachXBT The Washington State Department of Financial Institutions (DFI) recently explained that investors used these trading signals on the DSJ exchange and were led to believe that the crypto investments were generating returns.
BG Wealth and DSJ claimed to be licensed by the US Securities and Exchange Commission (SEC), but the DFI found that neither of the forms filed by these companies indicated that they were registered with the SEC.
Thirteen regulators across five continents had issued public fraud warnings about the firms, including the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Philippines’ SEC, and Washington’s DFI.
On April 23, US law enforcement seized one of BG Wealth’s domains as part of a joint operation conducted by Operation Level Up and the Scam Center Strike Force. However, the scam continued to operate for roughly another week.
Last Saturday, Beard posted a video affirming that DSJEX would soon go public and demanded a 12% “tax” on account balances as a prerequisite for the regulatory process. But the scammers had already disabled withdrawals by this point.
Tether, Exchanges Freeze $41.5M After the US authorities’ involvement, the malicious actors laundered over $92 million in crypto assets across chains. ZachXBT noted that the scammers regularly rotated between domains and hot wallets to evade law enforcement.
Between April 27 and May 3, the crypto funds were laundered through token swaps, bridging via Bridgers, Butter Network, and USDT0, wrapping and unwrapping USDD, and consolidation of transactions across hundreds of addresses.
The crypto sleuth traced the millions in outflows through a timing analysis, located Solana/Tron deposits to Binance, and found matching Tron withdrawals. Then, he provided details to the relevant parties, including Tether, the Binance security team, OKX, and US law enforcement.
As a result, Tether froze $38.4 million on May 4, while another $3.1 million was frozen at various crypto services and exchanges, bringing the total to $41.5 million.
Despite the significant recovery, the on-chain detective noted that the scam’s $150 million assessment is “likely significantly higher since the scheme has been operating since 2025, with thousands of victim exchange withdrawals identified.”
Ultimately, he advised victims of DSJEX and BG Wealth’s scheme to file a police report in their jurisdiction to aid global investigations and potential restitution from laundered proceeds.
The total crypto market capitalization is at $2.65 trillion in the one-week chart. Source: TOTAL on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
PANews reported on May 9th that decentralized stablecoin USDD announced the launch of its "High-net-worth Individuals Exclusive Program," designed to provide a dedicated value-added service system for high-net-worth users and deep participants in its ecosystem. Members of this program will receive periodic ecosystem benefits, including merchandise, gift packs, and whitelist privileges, as well as access to in-depth strategy content, ecosystem and market analysis reports, and direct communication with the official team.
The program is reportedly aimed at users with a single account holding 1 million USDD (or equivalent sUSDD). Eligible users can apply by sending a private message to the official X account @usddio, and will be accepted after asset verification. Successful referrals will also earn rewards.
TLDR: Justin Sun controls roughly 60 billion TRX tokens, representing 63% of the total supply in circulation. HTX acquisition allows Sun to channel user deposits into JustLend, using TRX as near-unlimited collateral. The Tron Inc. Nasdaq reverse merger lets Sun swap on-chain tokens for U.S. dollars without crashing markets. Sun’s WLFI investment created an off-exchange token swap that converts TRX exposure into tradable assets. Justin Sun’s financial maneuvers have drawn scrutiny after a detailed analysis revealed how the Tron founder may be converting illiquid TRX holdings into hard assets.
Crypto analyst Punk2898 outlined several methods Sun allegedly uses to manage his vast token reserves. Sun reportedly controls around 60 billion TRX tokens, valued at over $20 billion, but faces major liquidity challenges due to the sheer size of his position in the market.
The Mechanisms Behind Sun’s Liquidity Strategy Sun’s approach to managing TRX appears to draw lessons from the FTX collapse. According to Punk2898, FTX once held a large TRX position and could not aggressively sell it.
Instead, FTX continuously bought back TRX on secondary markets to support the price. It then used third-party platforms to collateralize the tokens and borrow stablecoins, creating a steady flow of liquid capital.
Sun’s acquisition of Huobi, now rebranded as HTX, appears to serve a similar function. Users deposit USDT into HTX expecting high-interest returns.
Those funds are reportedly channeled into Aave or JustLend to capture yield spreads. HTX then pockets the interest differential, while JustLend collateral remains largely in TRX — a token Sun controls in virtually unlimited supply.
The USDD stablecoin adds another layer to this structure. USDD is backed by 10.9 billion TRX and approximately 19.6 million USDT, supporting around 745 million USDD in circulation.
Sun uses TRX as collateral to mint USDD, which then attracts real dollar deposits through high annualized yields. This effectively turns his own tokens into a mechanism for pulling in external liquidity.
Sun’s investment in World Liberty Financial and the TRUMP memecoin also fits into this pattern. He reportedly invested over $40 million in WLFI, which then bought TRX in return.
Sun can liquidate his WLFI holdings freely, while WLFI holds TRX. The analyst described it as an off-exchange swap that heavily favors Sun’s position.
The Nasdaq Reverse Merger and Long-Term Conversion Plans The most direct conversion method came in July 2025 through a Nasdaq reverse merger involving Tron Inc. The deal essentially exchanged on-chain TRX tokens for a U.S. stock ticker.
U.S. stocks were issued to raise dollars, which were then used to buy TRX from Sun directly through over-the-counter trades.
Those TRX tokens then entered the Nasdaq company’s treasury, while the dollars went to Sun. The analyst compared this to Michael Saylor’s Bitcoin treasury strategy but with a key difference—Saylor buys existing Bitcoin, while Sun effectively creates TRX. The structure allows Sun to convert crypto holdings into Wall Street assets without crashing the open market.
Punk2898 noted that Sun’s core task, for years to come, remains converting his 60 billion illiquid TRX into Bitcoin and Ethereum.
Every strategy described feeds into that single objective. Each move builds infrastructure that slowly shifts value from TRX into harder, more widely accepted assets.
PANews reported on May 25th that decentralized stablecoin USDD announced a deep strategic partnership with smart economic infrastructure platform B.AI. The two companies will integrate DeFi and AI to jointly build a value transfer system adapted to general AI. This collaboration marks a key breakthrough for USDD in the field of AI payments and officially opens the prelude to the development of an AI-driven economic ecosystem.
Following the successful implementation of the collaboration, USDD will become the core payment network of the B.AI platform. Leveraging its advantages of stability, on-chain transparency, and high cross-chain efficiency, it will provide programmable on-chain settlement services for AI agents, addressing the shortcomings of traditional payment models. By combining the technological and ecosystem strengths of both parties, the entire process of AI agent identity verification, autonomous transactions, and value settlement will be realized, effectively lowering the barriers to the commercialization of AI.
Pendle Finance has unveiled support for sUSDD, the yield-bearing version of USDD, in a move that could broaden access to structured yield products for users across the TRON ecosystem and beyond.
In a post on X, Pendle described the launch of “sUSDD” as arriving on 27 August 2026 and said the market will come with $300,000 worth of exclusive USDD rewards. The announcement also noted additional $TRX airdrops for YT holders, adding another layer of incentive for users who choose to participate in the new market.
The launch brings one of TRON’s best-known ecosystem assets into Pendle’s fixed-yield and yield-trading framework. USDD, often described by supporters as Justin Sun’s preferred stablecoin, is a decentralized, over-collateralized stablecoin designed to maintain a 1:1 peg to the US dollar.
Its yield-bearing counterpart, sUSDD, is built to generate returns for holders by tapping into the protocol’s yield-sharing design. According to Pendle’s explanation, the yield on sUSDD is mainly powered by Smart Allocator, USDD’s yield-sharing initiative.
Under that system, capital from USDD’s cash reserve is deployed into investment opportunities intended to generate returns through interest and platform rewards. That means users holding sUSDD are not only exposed to the stablecoin structure itself, but also to the yield mechanics behind it.
Boosts, Fixed APY, and YT Airdrops Pendle also highlighted that USDD is available through its PSM, where users can swap USDT for USDD at a 1:1 ratio. Beyond that, USDD is backed by a basket of crypto assets that includes TRX, staked TRX or sTRX, and WBTC.
The broader backing structure is part of what Pendle is pointing to as it positions the new market as a fresh addition to its yield infrastructure. For Pendle users, sUSDD opens up three familiar routes. PT, or principal token, allows users to lock in a fixed yield on sUSDD.
YT, or yield token, gives traders a way to take a directional view on sUSDD’s future yield performance. LP participants can earn swap fees and $PENDLE rewards on top of the underlying yield.
In other words, the market is designed not just for passive holders, but also for users who want to express a view on yield itself. Pendle said the $300,000 in USDD rewards will be distributed across the market, helping boost yields across all positions.
The protocol also said the incentive structure will support an enhanced fixed APY through PT, above the native rate, which could make the market more attractive to users looking for predictability in return streams.
The added $TRX airdrops for YT users could also draw attention from traders willing to take on more variability in exchange for additional upside. Pendle said these airdrops will be distributed at key milestones and through other media interactions, suggesting that the incentives may continue to evolve after launch.
The launch is notable because TRON remains one of crypto’s oldest and most active ecosystems, while USDD is the only decentralized stablecoin natively deployed on TRON.
By bringing sUSDD to Pendle, the project is extending that ecosystem into a more advanced yield environment where users can trade, hedge, and structure exposure in ways that were not previously available. For Pendle, the integration appears to strengthen its position as a destination for yield experimentation.
For USDD, it adds another venue where the stablecoin can be used beyond simple holding or swapping. And for TRON users, the new market could offer a more flexible way to put stablecoin capital to work while tapping into both fixed and variable yield opportunities.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
PANews reported on May 29th that, according to official news, the sixth phase of the Strategy campaign, a collaboration between the decentralized stablecoin USDD and Binance Wallet, will officially launch on May 30th at 8:00 AM (Singapore time) and will run until July 19th at 7:59 AM. This phase of the campaign will offer a reward pool totaling $800,000 USDD equivalent. Users who deposit at least 100 USDT through the Binance Wallet Strategy section to participate in the USDD-USDT strategy will automatically be eligible to share in the rewards.
It is understood that current participants will automatically participate in the sixth phase of the event without needing to perform any further actions. The event entry point is the Binance Wallet Strategy page; for more details, please visit the original link.
PANews reported on May 31 that Gate DEX's Bonus Earn program will officially launch its USDD staking activity from 18:00 on May 31 to 18:00 on June 30 (UTC+8). Gate DEX users can earn a stable 4% APR and an additional 30,000 USDD by staking USDD or USDT on the BSC network using the USDD Earn protocol. Similarly, users can earn an additional 4% APR and 20,000 USDD by staking USDD or USDT on the ETH network using the USDD Earn protocol, for a total additional reward pool of 50,000 USDD. Rewards are settled daily based on individual staking percentages; the more you stake and the longer you stake, the greater the overall return. A special staking bonus program for smaller users is also running concurrently, with individuals potentially earning up to 200 USDD.
Gate DEX officially launched its Bonus Earning Zone on December 16, 2025. Gate DEX Bonus is a decentralized staking platform that supports staking various tokens and aims to provide users with a low-barrier, transparent, and fully on-chain asset appreciation method. Users can participate in Bonus Earning activities with a single click using their Gate wallet, enjoying flexible and diverse earning strategies and taking full advantage of on-chain profit opportunities.
PANews reported on June 9th that the decentralized stablecoin USDD released its May transparency report. Data shows that as of the end of May, USDD's total collateralized assets reached $2.2 billion, with a circulating supply of $1.44 billion. The overcollateralization ratio remained at 154.65%, demonstrating strong risk buffering capabilities. Furthermore, Smart Allocator's cumulative returns reached $18.34 million, with $2.1 million added in May, representing a month-over-month increase of 12.94%.
In terms of ecosystem progress, sUSDD has officially launched the Pendle fixed-income market, providing users with more income options; it continues to use a 100% on-chain verifiable reserve mechanism and promotes multi-platform incentive programs to accelerate ecosystem expansion.
USDD Smart Allocator cumulative investment returns exceed $20 million
PANews, June 24 – According to official sources, the Smart Allocator mechanism of the decentralized stablecoin USDD has generated cumulative investment returns of $20.016 million for users. Smart Allocator is USDD's yield-sharing mechanism, which strategically allocates funds into high-quality projects to earn interest and platform rewards, then distributes the returns back to users. All operations are conducted transparently and publicly on-chain.
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