1.
Securitize Stock Surges 15% as SEC's Tokenization Exemption Turns RWA Theory Into Trading Reality
Securitize (SECZ) shares jumped more than 15% Friday, extending a sharp recovery just as the U.S. Securities and Exchange Commission (SEC) opened a new legal pathway for tokenized stock trading. The company, which builds infrastructure for real-world asset (RWA) tokenization and serves as transfer agent for BlackRock’s tokenized BUIDL fund, a blockchain-based money market fund, traded at $16.53. Shares are up 77% over the past five trading days and 158% over the past month.
2.
30-Year Mortgage Rate Hits 7.45%. What Does It Mean for Crypto?
The average 30-year fixed US mortgage rate jumped 19 basis points to 7.45% on Thursday. Mortgage News Daily recorded the move in its daily survey of brokers and lenders. The jump tracks a broader selloff in US government bonds. For crypto markets, the Treasury yield at the center of that selloff carries the clearer signal. Treasuries Drag the 30-Year Mortgage Rate Higher The 30-year rate had sunk as low as 5.99% in late February, according to CNBC. It began rising once the Iran war started, then accelerated after the Federal Reserve (Fed) raised rates in September.
3.
Researchers propose Zcash-style private Bitcoin transfers without a soft fork
Shielded Bitcoin would use zero-knowledge proofs and encrypted notes to hide transaction details without changing Bitcoin consensus, but researchers have raised questions about anonymity and quantum resistance.
4.
Privy Expands TRON Support As Stablecoin Payment Infrastructure Grows
- Privy has expanded its TRON integration with new transaction, policy, transfer and monitoring tools for developers. - The Stripe-owned wallet infrastructure company says businesses can use the expanded stack for payments, treasury operations and other stablecoin products. - TRON currently hosts more than $94 billion in circulating USDT, according to the network’s September data. Privy is expanding the tools developers can use to build wallets and stablecoin-powered financial products on TRON.
5.
Chainalysis Says Crypto Activity Barely Fell Despite $2.1T Market Rout
Crypto economic activity dipped just 1.6% over the past year, landing at $9.4 trillion, despite the market shedding $2.1 trillion in value. Chainalysis’ latest report highlights that while prices plummeted, usage remained surprisingly steady. Domestic peer-to-peer transfers surged by nearly 303%, hitting $228.7 billion, and cross-border stablecoin flows rose 77.5% to $220.3 billion.
This disconnect between price drops and stable activity signals a shift in how we view crypto. Unlike past cycles where a bear market meant a complete slowdown, this time, stablecoins and P2P transactions are keeping the wheels turning. It’s a sign of resilience and maturity in the crypto space, even amid significant market losses.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports Bitcoin — link in show notes.
6.
Report: US Weighs Overseas Push for Dollar Stablecoins to Boost Treasury Demand
The U.S. is exploring a strategy to promote dollar-denominated stablecoins internationally, aiming to bolster the dollar's status as the world’s reserve currency and increase demand for U.S. Treasuries. This initiative could involve various federal agencies, including the Treasury and State Departments, and may see partnerships with private firms through the U.S. International Development Finance Corp.
The focus is on dollar-backed stablecoins, which typically maintain reserves in cash and government debt. With the total stablecoin market cap around $306 billion, there’s significant movement in dollar-pegged coins like USDC and USDT, showing positive inflows. However, this push comes as other nations, like China and the EU, develop their own digital currencies, potentially creating competition for the dollar.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports USDT — link in show notes.
7.
Block Adds Bitcoin Lightning to x402 Standard
8.
Visa Study Says Bank-Style Protections Could Push Stablecoin Use Sharply Higher
- Visa says U.S. willingness to use stablecoins rises from 36% to 56% when hypothetical bank-level fraud protection and deposit insurance are added. - The study covered 2,192 U.S. adults and more than 45,000 respondents across 20 markets. - The findings suggest trust and consumer protection may be a bigger barrier to mainstream stablecoin use than the underlying technology. Stablecoins have spent years getting faster, cheaper and easier to move. Visa’s latest research suggests the next adoption problem may be much less technical. It is trust.
9.
XRP, Dogecoin (DOGE), Ethereum (ETH) and Stellar (XLM) Price Analysis For September 25: Bears Take Control
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10.
Tether's Offshore Bank Just Froze its Funds: Is There a Risk for USDT?
Tether (USDT) has funds caught up at EQIBank, which is facing liquidation risks due to a recent asset seizure by US authorities. Tether claims this exposure is minimal, less than 0.034% of its total assets, but they haven’t provided a specific dollar amount. The situation raises eyebrows about how much of Tether's reserves are actually held offshore.
EQIBank, a digital bank based in Dominica, is trying to recover around $89 million that was seized from accounts linked to a payment processor. This seizure has impacted about 80% of the bank's total assets, leading to concerns about its viability. While the immediate risk to Tether appears low, the real question is how much of Tether's reserves are concentrated in offshore banks. Past events, like the Silicon Valley Bank collapse, show that reliance on smaller banks can lead to significant risks.
Tether’s total reserves are reported to be around $190 billion, primarily in US Treasuries, but the exact amount held in offshore banks remains unclear. As EQIBank's situation unfolds, how Tether chooses to disclose and manage its offshore exposure will be crucial. For listeners who want low-fee crypto exposure, our markets partner Kraken supports USDT — link in show notes.