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September 16, 2025

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Ethena Foundation Proposes Fee Switch to Benefit ENA Holders

The Ethena Foundation, a nonprofit organization pivotal to the governance of the Ethena protocol, has announced plans to propose the activation of a fee switch within its synthetic dollar ecosystem. This initiative aims to allocate a portion of protocol fees to holders of the ENA token, marking a significant development for the community. The fee switch concept, initially introduced by Wintermute in November, has now gathered traction following the fulfillment of the Risk Committee’s success criteria. These benchmarks included achieving a circulating supply of the USDe stablecoin exceeding $6 billion, generating cumulative protocol revenues surpassing $250 million, and facilitating USDe’s

September 16, 2025

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Citigroup Predicts Ether (ETH) Could Slide to $4,300 by Year-End

In its latest market analysis, financial powerhouse Citigroup has provided a new forecast for Ether (ETH), projecting it could decline to $4,300 by the end of this year. This represents a drop from its current price of approximately $4,515, according to the bank’s evaluations. Citigroup’s analysis presents a broad spectrum for Ether’s potential performance, which includes a bullish outlook projecting a rise to $6,400 in the event of favorable market developments, contrasted by a more conservative bearish scenario placing Ether as low as $2,200. The bank’s analysts emphasize that ongoing network activity is a significant determinant of Ether’s value. However,

September 16, 2025

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Crypto Leaders Gather with US Lawmakers to Discuss Strategic Bitcoin Reserve Initiative

On Tuesday, a pivotal meeting will convene in Washington, D.C., featuring 18 prominent executives from the cryptocurrency sector, including Michael Saylor, chairman of Strategy, and Tom Lee, CEO of Fundstrat and chairman of BitMine. This roundtable discussion aims to strategize the implementation of President Donald Trump’s proposed Strategic Bitcoin Reserve. The event, organized by the advocacy group The Digital Chambers, will also include notable figures such as Fred Thiel, CEO of Marathon Digital Holdings (MARA). Together, they will explore legislative advancements related to the BITCOIN Act, a significant bill introduced by U.S. Senator Cynthia Lummis this past March. If passed,

September 16, 2025

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Citigroup Predicts Bearish Outlook for Ether, Sees Year-End Price at $4,300

In a recent report, global financial powerhouse Citigroup has provided a forecast regarding the future of ether (ETH), predicting that the cryptocurrency could decline to $4,300 by the end of the year. This projection marks a decrease from the current price of approximately $4,515. Citigroup’s analysis isn’t limited to a single perspective; the bank presents a spectrum of scenarios for ether’s price trajectory. While the base case anticipates the decline to $4,300, a more optimistic bull case projects a price of $6,400, whereas a more pessimistic bear case anticipates a price drop to as low as $2,200. Analysts at Citigroup

September 16, 2025

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Bitcoin Holds Steady at $115K Amid Mixed Market Sentiment in Asia

Good morning, Asia. Today’s market analysis reveals a pivotal moment for Bitcoin as it hovers just above the $115,000 mark, showcasing a slight dip after a robust start to the week. The recent market activity has sparked dialogue regarding the sustainability of this rally following inflows into U.S. spot exchange-traded funds (ETFs) and growing hopes for a Federal Reserve interest rate cut. As of Tuesday morning in Asia, Bitcoin (BTC) is trading at $115,089.56. This modest decline comes in the wake of several days of strong performance that left many traders contemplating the nature of the current recovery: is it

September 16, 2025

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Crypto Highlights: Strategy’s Bitcoin Holdings Surge and LSEG Ventures into Blockchain

In today’s crypto landscape, significant developments have emerged, including Strategy’s substantial increase in Bitcoin holdings and the London Stock Exchange’s groundbreaking blockchain initiatives. Both events mark critical milestones in the ongoing evolution of digital assets. Strategy’s Bitcoin Holdings Exceed $73 Billion Strategy, a business intelligence firm co-founded by Michael Saylor, has amplified its Bitcoin portfolio, crossing the impressive threshold of $73 billion. This leap followed a reported acquisition of 525 Bitcoin, costing approximately $60 million at an average price of $114,562 per coin. With this latest purchase, Strategy now holds a total of 638,985 BTC, reinforcing its position as a

September 16, 2025

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Crypto Leaders Converge to Discuss Strategic Bitcoin Reserve with Lawmakers

In a significant move for the cryptocurrency industry, US lawmakers are set to engage with a group of 18 influential executives, including Michael Saylor, the Executive Chairman of Strategy, and Tom Lee, CEO of Fundstrat, this Tuesday. The meeting focuses on advancing the Strategic Bitcoin Reserve initiative, presented by former President Donald Trump. This gathering, organized by crypto advocacy group The Digital Chambers, aims to address the potential creation of a Strategic Bitcoin Reserve through the proposed BITCOIN Act. Introduced by Senator Cynthia Lummis in March, this legislation seeks to have the government procure one million Bitcoin (BTC) over the

September 16, 2025

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Dad Hilariously Foils Kid’s Good Deed on Social Media

In a heartwarming yet humorous incident that has captivated social media, a father inadvertently interrupted his child’s candid attempt to do the right thing. The viral moment has sparked a wave of reactions, showcasing the balance between parental instincts and teaching responsibility. The incident unfolded recently in a family home, where a young boy, believed to be around seven years old, was discovered preparing a thoughtful gesture to help a distressed neighbor. The child’s readiness to assist was evident as he gathered toys and snacks intended for the neighbor’s children, who had recently lost their family pet. This selfless act

September 16, 2025

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Changing the Bin Bag: A Mundane Task Turns into a Viral Social Media Challenge

In an age where everyday routines are often overlooked, social media users have found a way to transform a mundane household chore into a source of humor and creativity. The simple act of changing the bin bag has taken the internet by storm, becoming the latest viral challenge that has everyone in stitches—because let’s face it, changing the bin bag just isn’t exciting enough. The challenge began when a user posted a lighthearted video showcasing their unique method for changing the bin bag—complete with over-the-top enthusiasm and playful commentary. The post quickly gained traction, prompting others to share their own

September 16, 2025

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Controversy Brews as Café Enforces ‘You Break It, You Pay’ Policy on Mother and Toddler

A café in suburban Chicago has ignited a heated debate on social media after implementing a controversial “you break it, you pay for it” policy that left a mother of a three-year-old astonished and upset. The situation unfolded last Saturday when the mother, who wishes to remain anonymous, visited the popular eatery with her young child, only to walk away with more than she bargained for: a hefty bill for a broken dessert plate. According to reports, the incident occurred when the toddler accidentally knocked over a display of desserts, resulting in several plates shattering on the tile floor. The