Tether Unveils $USAT Stablecoin

️ On today's Top Picks:

Crypto News

• ⭐️ Tether announces $USAT, its planned US-regulated dollar-backed stablecoin; Bo Hines, former White House official, to be CEO.

• Kiln exits all of its Ethereum $ETH validators as a precautionary measure following ~$41M Solana $SOL theft; staked ETH exit queue has reached ~45 days, highest in over two years, as a result.

• Anza proposes SIMD-0219, a Solana $SOL upgrade enabling direct account data mapping; results in performance gains & a foundation to raise account/transaction limits.

• Polymarket partners with Chainlink $LINK to enhance the accuracy & speed of asset pricing resolutions; plans to expand into additional markets.

• ⭐️ Polymarket reportedly raising new funding round; at least one investor is offering a term sheet valuing the company as high as $10B.

• Kraken launches Kraken Perps for eligible clients in select jurisdictions; also reportedly preparing for a potential public listing in early 2026.

Alpha

• Airdrops, Checkers, & Points by Olimpio.

• ethOS begins shipping dGEN1's; small batch shipping this week with the bulk of devices shipping next week.

• Makina to launch Pre-Launch Machines (vaults) & Season 0 soon; earn points & eligibility for an NFT drop; $MAK confirmed.

• ICYMI Monad Cofounder Keone Hon teasingly posts "The total initial supply of native gas tokens on the Monad blockchain network will be 100 billion" on X; to potentially launch mainnet, TGE, & airdrop soon.

• ICYMI Joseph Lubin posts "So if we notice, at some date in the future that you've held n LINEA tokens for m days, that just might lead to another token landing in your account" on X.

Airdrops

• ⭐️ Aster launches $ASTER airdrop eligibility & allocation checker; Rh & Au points holders, Gems holders, & loyalty points holders are eligible; claim on September 17th.

• Binance launches Boundless $ZKC HODLer airdrop; BNB Simple Earn and/or BNB On-Chain Yields subscribers from September 2nd to September 5th are eligible.

• ICYMI Linea launches $LINEA airdrop claim; LXP (minimum 2,000) & LXP-L (minimum 15,000) holders are eligible.

• ICYMI Avantis launches $AVNT airdrop claim; XP holders, several ecosystem partners, & more are eligible.

• ICYMI Switchboard launches $SWTCH airdrop claim; Switchboard Orbs holders, Fragmetric stakers, & more are eligible.

Finance News

• US President Trump administration requests emergency ruling to remove Federal Reserve Governor Lisa Cook before rate meeting next week.

• US August CPI inflation rises to 2.9%, in-line with expectations of 2.9%; Core CPI inflation rises to 3.1%, in-line expectations of 3.1%.

• BlackRock $BLK to reportedly bring its ETFs onchain; potentially includes tokenizing funds related to real-world assets, including stocks.

• ⭐️ Gemini $GEMI raises $425M (~$3.3B valuation) from its IPO; shares were priced at $28 each, higher than the anticipated price range of $24 to $26.

• Forward Industries $FORD closes $1.65B private placement to launch Solana $SOL treasury; led by Galaxy Digital, Jump Crypto, and Multicoin Capital.

Security and Exploits

• MYX Finance $MYX team allegedly linked to wallets that claimed 1% of supply (~$170M) from airdrop; one of the airdrop wallets is linked to the MYX creator wallet & it also matches the funding pattern of the other sybil wallets.

• Samsung releases security update patching zero-day vulnerability; affects Samsung devices running Android 13 or later.

• ⭐️ ModStealer, a new malware strain, targets crypto wallets & evades major antivirus engines; uses obfuscated NodeJS scripts to bypass signature-based defenses & is distributed through malicious recruiter ads.

• JP, cofounder of THORChain & Vultisig, drained for ~$1.3M due to wallet compromise; JP clicked a fake Zoom link sent by DPRK hackers.

Token Unlocks

• Aptos $APT / ~$51M / SEP 11th
• IOnet $IO / ~$8M / SEP 11th
• Peaq $PEAQ / ~$6M / SEP 12th
• Starknet $STRK / ~$17M / SEP 15th
• Arbitrum $ARB / ~$50M / SEP 16th
Sourced from Tokenomist

Funding

• Rapyd raises $500M in Series F funding from several investors.

• ChatterPay raises an undisclosed amount in Strategic funding led by Scroll.

The Degen Farmer