Ethereum Whale From Early Days Gets Mind-Boggling 1,000,000% Profit

Circle, the stablecoin issuer, is teaming up with Sony Block Solutions. The goal? Make USDC the go-to token on Sony's Soneium blockchain. This move brings bridged USDC to Soneium. It's a big deal for creators and users looking for safe, borderless transactions. What's bridged USDC? It's USDC moved from one blockchain to another. Usually, it starts on Ethereum. The original USDC gets locked up, and an equivalent amount is minted on the new chain. Circle announced the partnership on Monday. They're pretty stoked about it. "This marks a significant milestone," they tweeted. It's all about "setting the stage for a new era of creativity in the Web3 space." Jun Watanabe, the big cheese at Sony Block Solutions Labs, chimed in. He's pumped too. "This collaboration aligns ideally with our vision," he said. It's not just about tech. It's about "delivering tangible benefits to Soneium and users worldwide." The timing's interesting. Sony's blockchain subsidiary just launched the "Minato" testnet for Soneium. Talk about striking while the iron's hot. So, what's Soneium all about? It's Sony's shot at shaking up entertainment with blockchain. We're talking digital rights management, NFTs for fans, the whole nine yards. Developers can build dApps using Sony's tech. It's opening doors for decentralized services tied to Sony products. Pretty nifty, right? But hold your horses. The mainnet isn't launching until 2025. No specific date yet. For now, Soneium's still in test mode. This USDC integration could be a game-changer. It's setting up Soneium to be a player in the global decentralized economy. Only time will tell if it lives up to the hype.

Two unlikely crypto contenders are turning heads in the market. Analysts are hyping up Sui and Mpeppe for potential triple-digit gains, Bitcoinist points out. Sui, a Layer-1 blockchain, is making waves with its recent upgrades. It's slashed transaction times to a mere 390 milliseconds. That's lightning-fast in the crypto world. Mpeppe, on the other hand, is killing it in the casino ICO space. It's already sold 80% of its presale tokens. Investors are chomping at the bit for more. The numbers being thrown around are eye-watering. Analysts predict a 300% rally for both tokens by 2024. But that's not all. They're forecasting a whopping 500% increase by 2025. Sui is currently trading between $0.731 and $1.171, experts reckon it's on the verge of a breakout. If it pushes past $1.171, we could see a quick 37% jump. Mpeppe has become a real surprise in the gambling world. It's leveraging blockchain tech to shake up online casinos. Some optimistic souls are even talking about 150x gains post-launch. The bullish sentiment isn't just hot air. Both projects have solid fundamentals backing them up. Sui's tech advancements are no joke. Mpeppe's focus on the booming gambling industry is smart. For investors, it's a tempting combo. Sui offers blockchain innovation, Mpeppe brings the excitement of casino gaming. Together, they're a potent mix. But let's keep it real. Crypto is volatile, and these predictions are ambitious. There's always risk involved. Do your homework before jumping in. That said, the potential is undeniable. If you're looking to spice up your portfolio, Sui and Mpeppe might be worth a punt. Just don't bet the farm on it.

The England High Court of Justice has dropped a bombshell. It's ruled that Tether's USDT stablecoin is property. This verdict's got the crypto world buzzing. Crypto pundit GS took to X (formerly known as Twitter) to break it down. He reckons this could be a game-changer for USDT adoption. Why? It's all about cutting through the regulatory fog. "This ruling provides a clear legal framework for cryptocurrencies like USDT," GS posted. It's a green light for investors, signaling USDT's legitimacy and stability. But here's the kicker: GS thinks this could set off a global domino effect. It's one of the "first detailed recognitions of cryptocurrency as [a] property," he notes. Other jurisdictions might follow suit, and that could mean smoother sailing for crypto regulations worldwide. Not everyone's popping champagne, though. GS points out a potential fly in the ointment. Legal recognition could mean Tether faces more regulatory scrutiny, that might also lead to stricter compliance rules. There's more. This ruling could open Pandora's box of legal battles for Tether. If there are any skeletons in Tether's reserve closet, they might come tumbling out. GS warns this could spark "volatility or a drop in trust if negative information emerges." Some crypto die-hards might not be thrilled either. They dig the whole 'no government oversight' vibe. GS reckons increased regulation could spook them and they might jump ship to "less regulated or more privacy-focused assets." So, what's the market going to make of all this? GS says it's not a clear-cut bullish or bearish scenario. It'll depend on how the crypto grapevine spins it and how Tether plays its cards. Short-term, we might see a bull run due to the "novelty and positive media coverage." Long-term? It's anyone's guess. It'll hinge on how Tether adapts to its new legal status. GS doesn't see this causing major waves in the broader crypto market just yet. Unless it messes with trading volume, investor sentiment, or global regulations, that is. This UK ruling isn't happening in a vacuum. The British government's also cooking up a bill to classify crypto and tokenized assets as personal property. Looks like the crypto legal landscape is in for a shake-up.

Coinbase, the top US crypto exchange, has rolled out Coinbase Wrapped Bitcoin (cbBTC). It's a 1:1 Bitcoin-backed token on Ethereum. The move has set the crypto world abuzz. cbBTC aims to bridge Bitcoin with decentralized finance (DeFi). It's now live on Ethereum and Base blockchains. Users can access popular DeFi apps like Aave and Curve Finance. Coinbase's blog post explains the perks. "cbBTC removes a key point of friction," it states. Users can now provide Bitcoin as liquidity or use it as collateral in DeFi. The conversion process seems straightforward. When users send BTC from Coinbase to Base or Ethereum, it automatically becomes cbBTC. The reverse happens when cbBTC lands in Coinbase accounts. But not everyone's thrilled. Justin Sun, Tron's founder, is leading the pushback. He called it a "dark day for BTC" on Twitter. Sun's beef? He claims cbBTC lacks proof of reserve and audits. Sun didn't stop there. He warned that a single US subpoena could freeze all associated Bitcoin. "Essentially, it's just, 'Trust me,'" he mocked. The criticism isn't coming out of thin air. Recent drama around Wrapped Bitcoin (WBTC) has made folks wary. WBTC's custodian, BitGo, recently partnered with a Sun-affiliated company. It raised eyebrows about centralization. Amid the fuss, other players are jumping in. Investment firm 21shares announced its own wrapped Bitcoin, 21BTC. It's getting crowded out there. Some industry experts are chiming in. Fireblocks' VP, Arik Galansky, told Decrypt that WBTC hasn't kept pace with tech evolution. He thinks the market needs better alternatives. Vijay Pravin Maharajan from bitsCrunch pointed out the risks. He's worried about centralization and smart contract vulnerabilities. It's not all sunshine and rainbows in the wrapped Bitcoin world. Coinbase isn't taking the criticism lying down. They told Decrypt they're keeping tight control of the keys. No lending or funny business with the backing Bitcoin, they promise. Hours after launch, Coinbase had to issue a warning. Scammers were already trying to impersonate cbBTC. It's a jungle out there, folks. The debate rages on. Is cbBTC a game-changer or a ticking time bomb? Only time will tell. But one thing's for sure – the crypto world is never dull.

XRP's value remains robust, it's free from speculative pressures. That's what one market expert claims. Most digital assets have bubble traits, their value stability is uncertain. But XRP might be different. Crypto enthusiast SMQKE weighed in recently. He highlighted XRP's durability. SMQKE shared a document to back his claims. It stated: "Macroeconomic and financial developments did not significantly affect XRP's value. Bitcoin price changes didn't influence XRP." The document also mentioned a study, that found bubbles in Bitcoin and Ethereum. Meanwhile XRP showed no bubble. What's a speculative bubble? It's when prices are driven by hype, rather than by fundamental worth. SMQKE dropped a bombshell. He said Bitcoin and Ethereum have been in a bubble since 2017. He blamed price manipulation and dodgy centralized strategies. XRP's different, apparently. Its value isn't speculative, and SMQKE credits "technological security" for this. What does this mean? XRP's price can't be hyped up like other cryptos. Its value comes from real-world use. Think cross-border transactions and institutional finance. SMQKE's not done yet. He also claims Bitcoin and Ethereum aren't as decentralized as people think. This, he says, makes XRP even more solid. But wait, there's more. Some analysts are bullish on XRP. Crypto expert Pharaoh predicts a 2017-style breakout this year. Pharaoh's logic? It's all about Bitcoin halving. Eight months after the 2016 halving, XRP soared. He thinks history might repeat itself. There's a catch, though. Pharaoh says XRP needs to clear its legal hurdles first, because Ripple's ongoing lawsuit with the SEC is a big deal. If that gets sorted, Pharaoh's optimistic. He sees "tons of fundamental and technical momentum" for XRP in 2025. So, is XRP really bubble-proof? Or is this just clever marketing? The jury's still out. But one thing's for sure – XRP's got people talking.

Solana's decentralized finance (DeFi) scene is buzzing. Raydium, a leading decentralized exchange (DEX), has grabbed a whopping 60% market share. This comes as overall DeFi activity cools off and meme coins start fleeing towards Tron. DeFiLlama data shows total value locked across major blockchains sits at $77 billion. Ethereum still leads the pack, but Solana's making waves. Raydium's user base is exploding. An analyst on X shared Artemis data showing the DEX attracts over 200,000 active users daily. It's simply leaving other competing protocols in the dust. Solana's daily active addresses have hit an all-time high. The blockchain now boasts 5.5 million daily active users on average. That's huge. Ethereum and its layer-2 solutions can't keep up. Solana's base layer scalability is giving it an edge. No need for sequencers or fault-proof systems here. "Solana's throughput is off the charts," says a crypto analyst who preferred to stay anonymous. "It's no wonder users are flocking to it." But here's where things get weird. Despite the user base growth gas fees are tanking. As of September 7, fee revenue hit a six-month low of $414,000. That's peanuts compared to the $5 million seen on March 18. What's behind the fee drop? Pump.fun, a popular meme coin launchpad, is losing steam. Its fees have nosedived by over 80% since late July. But don't you worry, meme coin enthusiasts aren't disappearing. They're just moving house. Tron, another speedy blockchain, is seeing a surge in activity. Its new launchpad, SunPump, is picking up where Pump.fun left off. "It's like musical chairs for meme coins," jokes a Solana developer. "First Solana, now Tron. Who knows where they'll go next?" Despite the fee slump, Solana's user activity remains red-hot. It's a mixed bag of signals for the blockchain. High engagement but lower revenue – a puzzle for analysts to unravel. As the DeFi landscape evolves, Solana's position remains strong. Raydium's dominance and record user numbers paint a rosy picture. But the exodus of meme coin activity and plummeting fees add a note of caution. One thing's for sure: the DeFi world never stays still for long. Solana's next moves will be closely watched by investors and enthusiasts alike.

Tether, TRON, and TRM Labs have teamed up. They're launching a private sector crime unit. It's called the T3 Financial Crime Unit (T3 FCU). The goal? To fight dodgy USDT use on the TRON blockchain. USDT is the biggest stablecoin out there. It's also become a go-to for some shady dealings. The new unit wants to change that. "We're creating a safer crypto community for everyone," the companies said in a joint statement. They're not messing around. The T3 FCU has already frozen over $12 million linked to scams. TRON founder Justin Sun chimed in. "We believe tech can be used for good," he said. "This collaboration sends a clear message. Illicit activity isn't welcome in our industry." The move comes as USDT usage skyrockets, it's now surpassed Visa in transaction volume. That's huge. In countries with weak economies, people are turning to USDT, trying to hedge against inflation. Tether's been busy on the crime-fighting front. Earlier this year, they helped the U.S. Department of Justice recover $5 million in USDT. That's no small potatoes. This new unit brings together some serious expertise. TRM Labs is a top blockchain intelligence firm. TRON's a major player in the blockchain world. And Tether? They're the biggest fish in the digital asset pond. The focus right now is on TRON. But who knows? If this works out, we might see similar efforts on other blockchains. It's a bold move in a wild west industry. Will it work? Only time will tell. But one thing's for sure – the crypto world is growing up fast. This initiative could be a game-changer. It's not just about catching bad guys. It's about building trust in crypto.

The Open Network (TON) blockchain has set a new record. Over 17 million users claimed its dog-themed cryptocurrency, Dogs (DOGS). This makes it the largest meme token launch in crypto history. Despite Pavel Durov's recent legal hurdles in France and the overall buzz around Telegram, TON keeps developing. TON developers announced the milestone on Telegram. The blockchain, originally created by Telegram in 2018, is now run by independent developers. The numbers are staggering. Daily active users hit 1.1 million several times in two weeks. Single-day transactions peaked at 14.4 million. "DOGS token is now held by 4.5 million unique wallets on TON," the developers said. This puts it in a unique position as it has the most unique token holders on any chain ever, achieved in just two weeks. Only USDT on TRON and Ethereum have more holders than DOGS. That's pretty wild for a meme token. The token's inspiration? Pavel Durov's iconic dog drawing. Talk about a ruff start to a crypto project. Here's the kicker: 53 million users engaged with the DOGS Mini App. Of those, 42.2 million were eligible for the airdrop. And 17 million actually claimed their free tokens. But TON isn't stopping there. They're gearing up for even bigger launches. Catizen (CATI) and Hamster Kombat (HMSTR) are next on the list. "In September, we anticipate even larger TGEs," the team said. They're talking tens or even hundreds of millions of new users. That's no small potatoes in the crypto world. Of course, it's not all smooth sailing. The network will face "technical pressures and possibly some unforeseen issues," the developers admitted. But they're committed to tackling these challenges head-on. At the time of writing, Dogs is trading for $0.001047. It's up 2.6% in the last 24 hours, with a market cap of $541,450,195. Not too shabby for a pup.