🏦 TradFi is closer than it looks

BUIDL, launched by BlackRock and Securitize, has quickly become a symbol of how TradFi and DeFi are merging. In just a short time its TVL surpassed $2.3B, turning into a core piece of DeFi infrastructure.

➡️ Solves key TradFi pain points: manual settlements, limited trading hours, and compliance bottlenecks
➡️ Tokenization brings 24/7 trading, instant transfers, and automated compliance via Securitize
➡️ All assets are parked in cash, T-bills, repo agreements, and US Treasury obligations — giving stability and yield
➡️ Income is paid through monthly rebases: token price stays $1, but balances grow
➡️ Over $70M has already been distributed to investors
➡️ Ecosystem footprint spans Ethereum, Solana, Aptos, and multiple L2s
➡️ Used as collateral: 76% of USDtb at Ethena, 18% of frxUSD at Frax, ~4.7% of TVL at Elixir
➡️ First major DeFi integration came via Euler, where sBUIDL can be used as collateral to borrow stablecoins

BlackRock positions BUIDL as a bridge. Institutions get onchain efficiency, DeFi users get direct access to yield tied to US rates. And if this experiment works, it won’t be the last Wall Street product to cross over.

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🚨 Altcoin fever is rising

Google searches for “altcoins” are spiking, showing a clear surge in mainstream curiosity.

This usually happens at two points in the cycle:
➡️ Early retail rotations, when interest shifts from BTC/ETH into higher beta plays
➡️ Late-stage mania, when everyone piles in at once

The market hasn’t decided which one this is yet. But rising search volume is always a sign of new liquidity knocking on the door.

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📈 Bitcoin’s Green September

Green Septembers don’t happen often for Bitcoin. But when they do, history shows they’re one of the strongest bullish signals.

Every green September has been followed by at least two more green months - 100% of the time.

➡️2013: October–November
➡️2016: October–December
➡️2020: October–March (4 months)
➡️2024: October–November
➡️2025: still to be written

If history rhymes, Q4 could just be warming up.

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🚨 Big month ahead for $XRP

Starting October 18th, the SEC will begin reviewing a wave of XRP ETF applications. Six major issuers are lined up, including some of the largest names in the market.

➡️ Bitwise — $5B XRP ETF
➡️ Canary Capital — $200M XRP ETF
➡️ 21Shares — $7B Core XRP Trust ETF
➡️ WisdomTree — $113B XRP ETF
➡️ ProShares — $70B XRP ETFs (including short & ultra products)
➡️ Grayscale — $40B XRP ETF
➡️ CoinShares — $5B XRP ETF
➡️ Volatility Shares — $5B XRP ETFs (2x, -1x, etc.)
➡️ Franklin Templeton — $1.5T XRP ETF
➡️ Hashdex — $1B XRP products
➡️ Teucrium — $320M 2x long daily XRP ETF

The stakes are massive. With multiple heavyweight issuers involved, approval could mark one of the biggest institutional waves XRP has ever seen.

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🌹 What is Cronje building?

Andre Cronje is back with another experiment. His new project, Flying Tulip, has already raised $200M in seed funding and is aiming for $1B. But the real story isn’t the size of the raise - it’s the financing model.

➡️ A new way to fund protocols
Instead of short-term liquidity or aggressive tokenomics, Flying Tulip is built for self-sustainability. Investors buy $FT, and the capital is deployed into DeFi strategies (Aave, Ethena, Spark). The yield (~4% annually) covers operating costs and buybacks.

➡️ Investor protection built-in
Each token comes with a perpetual put option: if the market price drops below entry, holders can redeem their investment. Tokens used in redemptions are burned, adding deflationary pressure.

➡️ Deflation from day one
Selling tokens on the market removes redemption rights and triggers buybacks plus burns. This shrinks supply both from investor exits and protocol mechanics.

➡️ 100% allocation to investors
The team receives no tokens at launch. This means higher volatility early on, but over time part of the supply shifts to the protocol and is also burned.

➡️ The mission of Flying Tulip
To build a full-scale on-chain exchange—spot, derivatives, options, lending, stablecoins, and insurance—all backed by a unique funding model.

Cronje is once again rewriting the playbook. Instead of tokens as just fundraising tools, he’s turning them into mechanisms for both capital protection and project sustainability. If Flying Tulip works, it could change how protocols are launched and funded across Web3.

Not just another exchange - this is a test of whether the market is ready for a new logic of tokens.

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🏦 BounceBit rolls out V3 with Big Bank model

BounceBit has launched V3, introducing a perp DEX with a liquidity pool that will fund token buybacks, alongside a new $BB token standard.

➡️ Liquidity flows are calculated on the BounceBit Chain
➡️ Value is concentrated into $BB as the core network token
➡️ Perp DEX structure ties trading activity directly to buyback pressure
➡️ $BB positioned as the main settlement and value accrual layer

This blend of perpetuals, buybacks, and a native token standard turns BounceBit into something closer to a full-stack “banking” model on-chain.

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🔥 Lighter goes live with public mainnet

After 8 months in closed beta, Lighter has officially launched its mainnet, opening access to all users. The beta already attracted 188,000 accounts and 50,000 active traders.

➡️ Mainnet is now fully open, no deposit caps or invite codes
➡️ Points Season 1 ended, Season 2 is live until end of 2025
➡️ Referral program continues
➡️ Zero fees for regular traders, only API, MM and HFT pay commissions
• Fee distribution data for LLP holders and protocol treasury coming soon

Points are trading at $40–50 on secondary markets. All eyes now shift to TGE.

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