Whaddup, it’s your guest host Kyle filling in for Matt. He’s taking a breather for International Podcast Day - a well-deserved rest. Plus, Matt’s got a big day today. As I’m recording the Guards are set to play a huge playoff game, so cheers to them. Drink up Matt!
Tether just snapped up 8,888 BTC in one day - backing USDT like never before. Visa’s rolling out a pilot to let companies pay in USDC onchain. On the regulation front, SEC and CFTC are pledging harmony, while the EU’s threatening to ban multi-issuance stablecoins. And in the background? Chainlink and UBS are pushing $100 trillion fund tokenization via SWIFT workflows - bridging Wall Street to DeFi.
Let’s hit a listener question from Nicolas from Belgium. Belgium is great. It encapsulates Europe so well. Nicolas is looking for yields on Bitcoin DeFi. Nicolas - I suggest looking at Mezo as well as the TBTC. Or even Quai Network. As Matt, suggests, in his reply, always be aware of smart contract risk.
Let’s get it on.
HEADLINES
Tether Buys 8,888 BTC on Sept 30 — Boosting reserves and doubling down on USDT’s backing.
Adds roughly $600M+ in Bitcoin to its reserves, signaling renewed conviction in BTC as a long-term store of value.
Total BTC holdings now exceed 100K BTC, making Tether one of the world’s largest corporate Bitcoin holders.
The move reinforces USDT’s credibility amid global demand, with supply nearing $175B, an all-time high.
Chainlink + UBS push $100T fund tokenization via SWIFT workflows - Institutional infrastructure is targeting seamless access to blockchain tools for legacy finance.
Swift to work with Consensys on blockchain prototype for cross-border payments
SWIFT to Develop Blockchain-Based Ledger for 24/7 Cross-Border Payments
Positions Chainlink as a core data and interoperability layer for institutional adoption of tokenized assets.
SEC + CFTC Pledge “Harmonization” on Crypto Oversight - Regulators signaling closer cooperation, possibly fewer jurisdictional fights.
Both agencies commit to coordinated rulemaking and enforcement, ending years of jurisdictional turf wars.
“Crypto is Job One,” said CFTC Chair Atkins — marking a historic alignment between the two regulators.
Altcoin ETFs coming in October — market bracing for the next big wave of TradFi inflows.
Prediction markets stay hot post-election - Polymarket volume holding strong as real-world betting merges with crypto rails.
Polymarket volumes remain near all-time highs, with traders wagering millions daily on real-world events.
Robinhood announces prediction markets outside of USA
US government shutdown odds hit 86% on Polymarket -- With hours left, Congress and the White House remain deadlocked. Trump calls it “virtually inevitable,” and key talks have collapsed. Markets are watching - and crypto might not be spared this time
Stripe is going all in on digital dollars and AI-powered payments. At its New York showcase, Stripe launched:
Open Issuance: a new stablecoin issuance platform (built on Bridge, acquired for $1.1B) that lets businesses easily mint and redeem their own stablecoins with just a few lines of code.
First users: Phantom (CASH), Hyperliquid (USDH), and MetaMask (mUSD).
Issuers can balance reserves between U.S. Treasuries and cash, managed by BlackRock, Fidelity, Superstate, and Lead Bank.
Agentic Commerce Protocol: built with OpenAI, allowing AI agents (like Copilot or Anthropic’s models) to handle customer transactions without losing merchant control
These launches reinforce Stripe’s plan to blend blockchain and AI to power “the new online economy.”
Stripe now owns Bridge and Privy, and is co-developing Tempo, a scalable blockchain with Paradigm.
Little Bits
Visa pilots stablecoin payments for businesses sending money abroad - Enabling firms to settle in USDC onchain; TradFi inching modular.
Keel debuts as Solana’s new “star” with $2.5B DeFi / RWA roadmap — The Sky protocol launches a capital allocator aiming to push $2.5B into Solana DeFi & real-world assets.
Monad has launched a code4rena audit contest to audit its code. The CTO James is like Rick from Rick and Morty. Good luck.
Finally -- Comprehension Debt: The Hidden Cost of AI-Generated Code
There’s a blog post on HackerNews getting a decent amount of upvotes that wars about how Large Language Model (LLM) code generation tools (like ChatGPT or Copilot) are creating a new kind of technical burden called “comprehension debt.” As developers increasingly rely on AI to write code, teams are producing code faster than they can fully understand it — which could become a long-term liability for software projects.
Think of Luke, Leia, Han and Chewie in the trash compactor in the New Hope. Everything is closing in on both sides. Snakes and monsters lurk beneath. Be weary. Let’s go.
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Email: kyle@dailycryptonews.net
X: @CryptoQuile
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