BlackRock's Crypto Portfolio Tops $100 Billion

Our friends at YEET.com have been on a tear lately, and to celebrate, they’re putting $500 back into the pockets of the blocmates readers every single week.

It’s super easy to get involved, just:

1. Sign up using the Link

2. Stay active

3. That’s it. You’re in the mix.

They’ve already released some pretty cool crypto-themed games, and with football (not soccer) season back, their upcoming sportsbook couldn’t be dropping at a better time.

So if you fancy a punt, go have a play. Just remember, as always: gamble responsibly.

GM! 

Big bro BlackRock’s crypto portfolio has yet again crossed the $100 billion threshold. 

Breakdown-wise, BTC accounts for roughly $85 billion at the minute.

It ain’t stopping here. Just a while back, it loaded up additional BTC worth $169 million.

Another TradFi bro, Franklin Templeton, has joined hands with Binance to explore tokenization opportunities.

To contextualize, trades worth roughly $22 billion happen under Binance’s umbrella everyday. Meanwhile, Franklin Templeton manages $1.6 trillion in monthly assets. 

When giants like these link up, you know the tides are turning. 

Speaking of which, on the 1D chart, BTC has already confirmed a downtrend breakout. 

We’re currently trading around $113k right now - a level that has been weakening as a point of rejection. 

For the uptrend to renew, the key would be to close above $113k today.

In other news, Linea’s TGE just went live. With the 90-day claims window now open, ~9.4 billion tokens are up for grabs.

✍️ Advertise with us | 🧑‍💻 Join the Discord | 🐥 Follow on Twitter
📊 Sub to YouTube & Spotify

👇 And if you haven’t yet, hit subscribe below 👇

The important bits.

• Stargate now supports native ETH on Swellchain, read here

• YieldBasis devs drop their technical docs, read here

• Giza introduces its second agent, Pulse, read here

• Fuel provides details on migration timelines, details here 

• Plasma outlines the vision of Money 2.0, watch here 

• Total value secured by Pyth crosses the $25 billion mark, details here

Even more important bits.

• Kraken expands xStocks offering to Europe, read here  

• Phantom rolls out Perps PNL cards, read here 

• India won’t introduce a full crypto framework just yet, citing fears of systemic risks, read here

• Polygon faces 10-15 minute delay in finality, read here 

• The first US Dogecoin ETF with the ticker 'DOJE' is set to debut on Thursday, read here

• SEC chair expresses support towards crypto Super Apps, read here 

Charts and stats of the day.

• Bitcoin wallets holding 100–1,000 BTC hit record highs. Contrarily, 1,000–10,000 BTC whale addresses are declining, chart here

• Stablecoin market cap is accelerating, chart here

• The current M2 money supply trend, chart here 

Become your own bank.

ether.fi Cash is the real-world spending product we DeFi natives have been waiting for for so long.

It’s time to ditch your bank altogether and embrace the crypto life:

• Spend it directly with no fees on the sale, and earn 3-5% back on every purchase—debit or credit.

• Never sell - live like a billionaire: avoid taxes, compound wealth. Don’t worry about on-and-off ramps or taxes by spending against your balance as credit debt. 

• Pay off your debt with yield + cashback: earn 9% on stables, 7% on ETH, 2% on BTC, with HYPE and SOL on the way.

• Use borrow mode: 70% LTV against your whole portfolio, “only borrow, never sell”

• Keep self-custody, earn big yield, and never pay for instant withdrawals or have your money stuck in a CEX again.

PumpFun + Heaven + Bonk trending tokens for the last 24h:

If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it’s free).

It’s time to turn eyes towards robotics-related coins. While large cap coins have been in their DND zone, robotics has been making making steady strides. 

In just the last 24 hours, their market cap has risen by 9.2%, pushing their aggregate valuation towards $250 million.

There are talks on GCs about these coins picking up pace so it’s definitely worth keeping tabs on them. Avoid getting caught up in vaporware plays tho.

Earlier today, we dropped a bunch of projects that we’re eyeing. You can check them out here.

• Union - ZK interoperability L1 

• Unitas Labs - Decentralized yield-bearing stablecoin protocol

To save you doom scrolling.

We’ve come a long way, haven’t we?

US PPI numbers are out. The index registered a 0.1% drop in August, contrary to the 0.3% rise that everyone was expecting. We’ll have the CPI data out tomorrow, followed by the FOMC meet next week. 

Trump says, “No Inflation!!! Too Late must lower the RATE, BIG, right now. Powell is a total disaster, who doesn't have a clue!!!”

And, the drama never ends! 

Lavina 🫡