The FDIC spotlighted a forward-looking crypto agenda and fair access reforms, 
signaling a major pivot toward transparency, institutional clarity, and 
broader participation in digital finance. US Banking Regulator Drives Forward- 
Looking Crypto Agenda and Equal Access Initiatives The Federal Deposit 
Insurance Corporation (FDIC), the agency responsible for safeguarding 
depositors and maintaining stability in the U.S. banking […]

FDIC Outlines Pro-Crypto Reforms With Clearer Rules and Fair Banking Policies

Mantle (MNT) has emerged as the top gainer in the crypto market, soaring to a 
new all-time high of $1.65 on September 11. The token is up 18% in 24 hours, 
46% over the past week, and an impressive 65% in the last month. Related 
Reading: Bitcoin Jumps Past $114K As Markets Eye Fed Easing After PPI Report 
With a market cap of $5.3 billion and fully diluted valuation at $10.1 
billion, Mantle’s surge is being fueled by its deepening partnership with 
Bybit. The initiative, branded as “MNT x Bybit 2.0,” introduced 21 new trading 
pairs against top assets like ETH, SOL, ADA, and SUI. Bybit also launched a 
“HODL &amp; Earn” campaign, rewarding Mantle holders with a share of a 60,000 XUSD 
pool. This has led to a sharp spike in activity, with spot volume climbing 41% 
to $655 million and futures volume more than doubling to $268 million. Open 
interest jumped to $203 million, reflecting heightened speculative demand. 
MNT&#8217;s price records important bullish momentum on the daily chart. Source: 
MNTUSD chart from Tradingview Technical Indicators Point to Momentum, and Risk 
The breakout has placed Mantle firmly above $1.60, with strong support from 
short-term moving averages. The 10-day EMA at $1.32 and 20-day SMA at $1.22 
are trending upward, while momentum indicators like MACD and Momentum remain 
bullish. Analysts suggest that if the uptrend continues, MNT could test 
resistance levels of $1.80-$2.00. However, warning signals are emerging. The 
RSI has climbed above 70, flashing overbought conditions, while the Commodity 
Channel Index (CCI) surged above 300. Both indicators often precede short-term 
pullbacks. Bollinger Bands also show price hugging the upper band, suggesting 
high volatility ahead. What’s Next for Mantle (MNT)? Mantle’s future 
trajectory will hinge on whether it can sustain demand generated by Bybit’s 
expansion and its omnichain integration via LayerZero, which boosts utility 
across multiple blockchains. Its growing role in DeFi, connected with a rising 
TVL of $1.8 billion, strengthens the bullish case. Related Reading: Dormant 
Bitcoin Waking Up: Over 600K BTC Moved Onchain In Weeks However, analysts warn 
that profit-taking or broader market shifts could trigger a correction toward 
$1.22–$1.36 support zones. For now, investor confidence remains high, but the 
key question is whether Mantle can build on its momentum or if the rally is 
nearing exhaustion. Cover image from ChatGPT, MNTUSD chart from Tradingview

Mantle Becomes Top Gainer as Bybit Deal Pushes MNT to ATH: Can the Rally Last?

Anthropic has raised $13 billion in a Series F round that values the 
artificial intelligence company at $183 billion post-money. Anthropic Sees New 
Funding The round was led by ICONIQ and co-led by Fidelity Management &amp; 
Research Company and Lightspeed Venture Partners. Anthropic disclosed that it 
will use the capital to meet enterprise demand, advance […]

$13B Series F Lifts AI Giant Anthropic to $183B Post-Money

The crypto exchange capped proceeds at $425 million after reportedly halting 
new orders, with Nasdaq among its investors.

Web3 IPOs remain hot with Gemini’s '20X oversubscribed,' Figure debut jumping 24%

Ripple has carried out a series of large RLUSD burns in recent weeks to remove 
millions of the stablecoin from circulation. According to data from the RLUSD 
burn tracker @RL_Tracker, more than 2.7 million RLUSD were recently destroyed 
in a single transaction, the biggest burn in many weeks. Ripple Burns Massive 
Amounts Of RLUSD Crypto burns are not new to the crypto industry, especially 
when it comes to stablecoins. Interestingly, data from the RLUSD burn tracker, 
@RL_Tracker, has revealed an uptick in the amount of RLUSD burned in the past 
two weeks, which is worth noting. Related Reading: What Does AMM Liquidity 
Pools Mean For XRP And RLUSD Holders? Ripple Exec Answers Particularly, the 
latest data from @RL_Tracker, which was revealed in a post on the social media 
platform X, shows that 2,714,248 RLUSD were recently burned at RLUSD Treasury. 
Blockchain records from on-chain analytics platform Etherscan confirm that 
these tokens were transferred into a null address from which they cannot be 
recovered or used, effectively reducing the outstanding supply for good. This 
was not an isolated occurrence. Ripple has been carrying out a string of large 
burns in recent weeks, with notable examples including two transactions of 
1,000,000 RLUSD each on September 3 and another 1,000,000 RLUSD burn on August 
29. Together, these actions have brought the total burned supply to about six 
million RLUSD tokens in a very short span However, these reductions have been 
characterized by issuances of millions of tokens in the past few days. Most 
recently, @RL_Tracker reported that 312,000 RLUSD were minted by the RLUSD 
Treasury in the past 24 hours. What’s Going On With RLUSD Burns? This back- 
and-forth between burning and minting is part of Ripple’s supply management 
cycle of RLUSD, where tokens are constantly adjusted in response to market 
demand and redemptions. Related Reading: Is Ripple Dumping XRP? Pundit Calls 
Out Founders, Threatens To Take Action RLUSD is pegged 1:1 to the US dollar 
and operates on both the XRP Ledger and Ethereum. Like other asset-backed 
stablecoins, it is fully collateralized by fiat reserves and subject to 
monthly attestations. When demand for RLUSD rises, Ripple issues new tokens 
into circulation. On the other hand, excess supply is no longer needed when 
tokens are redeemed for dollars, and Ripple burns the surplus by sending it to 
an inaccessible address. Stablecoin mints and burns are not unique to Ripple. 
Tether, the largest stablecoin issuer, regularly conducts large-scale mints 
and burns of USDT to adjust supply. The key difference from normal 
cryptocurrency burns, such as those seen with Shiba Inu, is that stablecoin 
burns are not carried out to create scarcity, which contributes to price 
action. At present, RLUSD’s total supply is around 728.7 million tokens and 
all minted tokens are actively being circulated. The stablecoin has a market 
cap of about $728 million and has seen its trading volume climb above $87 
million in the past 24 hours. It also continues to hold its $1 peg firmly. 
Featured image from iStock, chart from Tradingview.com

Cryptocurrency price in MYR