Web3Key

✍️ Senator Elizabeth Warren slammed the Trump family’s involvement in the WLFI project, calling it “blatant corruption.” 🎙️ WLFI token surged to $0.46 on day one but has since dropped to $0.22, with a market cap around $5.6B.

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🪙 Ethereum validator entry queue hits 2-year high with over 860k ETH (~$3.7B) waiting to stake. A Key to Web3 🔑

🇻🇪 Venezuela Turns to Stablecoins as a Financial Lifeline According to Latam Insights, Venezuelans are increasingly turning to USDT and USDC to preserve value and handle daily payments. 💰 Businesses and employees use stablecoins for salaries and transactions. 🟠 Government restrictions on currency exchange push citizens further toward crypto.

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📊 Gold is replacing the dollar in global reserves 🔵 In Q1 2025, the share of gold in official international reserves reached 24.16%, the highest in 30 years. 🔵 During the same period, the US dollar’s share in global reserves dropped to 43.79%, the lowest since the mid-1990s. 🔵 Global demand for gold reached 1,206 tons, 1% higher than the same period last year. 🔵 Investment demand for gold, especially through ETFs, rose 170% compared to last year, reaching the highest level since Q1 2022. 🔵 This trend indicates a growing preference among countries and investors to use gold as a safe-haven asset against economic and political uncertainties.

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🦁 Iran's electricity is so cheap they could mine one Bitcoin for $1.3k and sell it for $108k (~83X) 👀 Iran has the world’s lowest residential electricity price (~$0.004 per kWh), thanks to state subsidies and abundant oil & gas. This makes the country one of the most attractive places for Bitcoin mining. ❗️ However, most large-scale mining is reportedly carried out by government and regime entities, while ordinary citizens face restrictions on using subsidized electricity for mining.

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💬 Telegram’s New Update v12 🎵  Music in Profiles: Users can now add their favorite songs to their profiles, letting others play them with a single click. You can also create playlists and manage your tracks. ⚡  New Profile Design: Profile pages for users, channels, and groups on Android now look closer to iOS, with new animations added. 🐶 Gifts & Themes: You can rearrange tabs and set the Gifts tab as default, use gift themes in chats, pay to upgrade friends’ gifts, enjoy a new animation when upgrading, use the Upgrade Next Gift button, and see the value and market details of gifts. 🎁 @Stickers Bot: A new mini-app has been added for managing, editing, and viewing stats of stickers and emojis.

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🇺🇸 💵 According to Decrypt, the Trump-backed stablecoin USD1 is projected to overtake Tether (USDT) and USDC by 2028, becoming the world’s top stablecoin. 📈  Launched in April, USD1 has already reached a $2.5 billion market cap and is live on Ethereum, BNB Chain, Tron, and Solana.

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🪑 Justin Sun, founder of TRON, announced the largest fee reduction in the network’s history. Transaction fees on TRON have now been cut by 60%. 💰  This makes transferring USDT on TRON much cheaper. If you hold USDT on TRON, you can now move it to more cost-efficient networks like BSC (BEP-20) with lower expenses.

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🚨 Grayscale Files for Cardano & Polkadot ETFs 🔺 Grayscale has submitted S-1 registration forms to the U.S. SEC for launching two new exchange-traded funds (ETFs): Polkadot (DOT) ETF on Nasdaq Cardano (ADA) ETF on NYSE Arca 🔺 Both ETFs are passively managed, holding the actual assets in Coinbase custody wallets, with no leverage or derivatives involved. 🔺 Approval odds for the Cardano ETF have risen to around 87%, though the SEC has delayed its final decision until October 26, 2025. 📌 Why it matters: Bringing altcoins into the ETF market could significantly boost liquidity and institutional adoption.

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🎙 Ripple CEO: Crypto Market Could Hit $25 Trillion by 2030 🔵 Brad Garlinghouse sees fiat currency weaknesses and macro pressures as the main drivers. 🔵 Ripple (XRP) and Ethereum are positioned as key players for the next growth phase. 🔵 BlackRock recently bought $314M worth of ETH, signaling strong institutional support. 🔵 Analysts believe this period is a major opportunity for undervalued tokens with high growth potential. 💬  Do you think crypto can really reach $25T by 2030?

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🦊  MetaMask Introduces Login via Google and Apple ID 🦊 MetaMask now allows users to create and access wallets using their Google or Apple accounts. The 12-word seed phrase is still generated but encrypted in the background, requiring both the social login + user password for access. ⚠️ MetaMask warns that forgotten passwords are unrecoverable, meaning funds could be lost permanently.

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Crypto Market Cycle Slows, Uptrend Expected in Fall 2025 “Looking at the percentage of Bitcoin held for over a year (based on realized market cap), past cycles (Phase 1 and 2) show that the market surged sharply and reached its peak. However, in the current phase (3), the slope of the uptrend is gradually flattening, and the cycle is becoming longer.”

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🚀 Blum has been added to the Binance Alpha Projects list! 🔸 Binance Alpha highlights innovative projects with strong potential. 🫨 Being listed gives Blum more visibility and credibility in the crypto space.

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🪙🪙 Capital migration from Bitcoin to Ethereum is accelerating On-chain data shows a rapid shift of capital from Bitcoin into Ethereum. 😀 According to analysis, daily inflows into Ethereum have reached $900M, closing in on Bitcoin’s level. This could be a signal for the potential start of the altcoin season. 🚀

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🇺🇸 The U.S. Department of Commerce will start publishing economic data on the blockchain 🔗

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📉 5% Drop in Total Cryptocurrency Market Cap Following Bitcoin and Ethereum Retreat 🐋  Massive whale sell-off triggered declines in Bitcoin and Ethereum. Total market cap fell 4.5% to $3.85T. 🔵 A whale dumped 24,000 BTC worth $2.7B, pushing price temporarily below $109,214. Ethereum also dropped to $4,405 after recently nearing $5K. 🔵 $941M in leveraged positions were liquidated in 24h. 🔵 Analysts expect Bitcoin to range between $110K–$120K, while Ethereum targets $4,600–$5,200 and may lead the next growth phase.

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❗️  More than 30 celebrity tokens launched on Solana ($SOL) in June 2024 have crashed over 73%. Many of these hype-driven coins saw huge initial attention, but most have now lost the majority of their value — leaving late investors with heavy losses. 📢  “This post is intended as a warning about celebrity and meme tokens, which often lack sustainability and rarely hold their value.”

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✖️ Ripple CEO: US policymakers are shifting their stance on crypto 🎙️Brad Garlinghouse, Ripple’s CEO, said US policymakers are now viewing blockchain and crypto more positively. Speaking at the Wyoming Blockchain Symposium, he noted:

“Even several Federal Reserve officials openly welcomed crypto — something unthinkable just a year ago.”

This marks a potential step toward regulation aligned with innovation, though challenges like market volatility and consumer protection remain. 🚀

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🚩 In the past 24 hours, over $771 million in crypto positions were liquidated! 🔽Such a massive wave of liquidations highlights the intense volatility in the market.

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📣 Grayscale Files for XRP ETF Today, Grayscale officially filed a Form S-1 with the SEC to launch an XRP-based ETF. 📌 If approved, this could mark a major milestone for institutional adoption of XRP, opening the door for significant Wall Street capital inflows.

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