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September’s been wild already: regulators talking friendlier, big players stacking assets, and even Doge sniffing around Wall Street. None of this is background noise, it’s the main story of how money, politics, and memes keep colliding. This is your Weekly Web3 Digest from Magnet, the cheat sheet on what’s moving the cycle right now.
The SEC just rolled out a plan that actually sounds like they’re trying to play nice with crypto. Think clearer rules for token launches, “safe harbors” for issuers, and maybe even crypto trading on full-blown securities exchanges. That’s not just paperwork: it’s a real step toward pulling digital assets into the tradfi club instead of keeping them in the penalty box. Paul Atkins, who’s running the show, is trying to strike that balance: let builders innovate without being strangled by red tape, while still giving investors enough protection to not get rugged. It’s not the usual “crypto crackdown” headline, this time it feels like the start of a truce.
Tether isn’t just running the USDT money printer anymore, they’re stacking gold like pirates. They’ve already piled up $8.7B worth of bullion in Zurich, backing their gold token XAU₮, which sits at a market cap of around $1.4B. Gold-backed stablecoins might’ve sounded niche once, but clearly they’re betting this will be a big part of the game. And now they’re moving deeper. Talks are happening across the entire gold supply chain: mining, refining, trading, even royalty funds. For Tether, it’s about cutting reliance on banks and treasuries and locking in harder assets. Call it diversification, call it paranoia, but really, it’s their hedge for the next cycle.
August jobs data came in weak, just 22k jobs vs 75k expected, and Wall Street flipped the script overnight. Bank of America says we’ll see two rate cuts this year. Goldman’s betting on three, one after the other. Citi’s calling for a full 75bps worth of cuts spread across the last quarter. Everyone’s gone from hawkish to dovish faster than a meme chart reversal. For crypto, that’s pure fuel. Cheaper credit and lower yields on tradfi assets push investors to look for riskier plays with bigger upside. This isn’t just a macro footnote — it’s the spark for the next round of degen pumps.
Trump Media & Technology Group just went all in with a $6.4B treasury play alongside Crypto.com. First move? Picking up 684M CRO tokens (about $105M) in a half-cash, half-stock deal. The stash goes into custody and could start generating yield through staking because of course even Trump Media’s hunting APY now. But this is just phase one. The bigger vision is a treasury stuffed with billions more: CRO, cash, warrants, and a massive $5B credit line. They’re eyeing a Nasdaq ticker (MCGA) to top it all off. CRO baked into Truth Social rewards? Politics, memes, and tokens crashing into each other at full speed and we’re here for the wreck.
In Taipei, Sora Ventures dropped one of the boldest announcements of the week: a $1B Bitcoin Treasury Fund, the first of its kind in Asia. Backed by $200M already committed from institutional partners, the plan is to scoop up the full amount in the next six months. That’s not just a hedge, that’s an aggressive bet on BTC as a long-term corporate asset. Founder Jason Fang framed it as a turning point for Asian capital markets. The play is clear: turn Bitcoin into balance-sheet gold, corporate standard, boring but unshakeable. Asia’s not just buying the dip, they’re buying the damn treasury.
Yes, you read that right. Dogecoin might be about to hit Wall Street through its first U.S. ETF. REX Shares has already filed an effective prospectus and is using the same regulatory shortcut (the “40 Act” route) that worked for their Solana staking ETF. Bloomberg’s Eric Balchunas says launch could be as soon as next week. The filing does throw in all the disclaimers, DOGE is “high risk, highly volatile, and unpredictable.” No kidding. But if this ETF gets the green light, ticker DOJE could become the easiest on-ramp yet for retail investors who’ve been memeing Doge for years but never touched an exchange account. Meme finance meeting Wall Street rails? That’s peak 2025 energy.
🧲 Markets, politics, and memes are colliding harder than ever. What looks like chaos is really the blueprint for the next cycle. Stay sharp, stay early, and keep building where others are just watching.
