Bitcoin Faces Biggest Selloff Since 2022
Over the past month, major Bitcoin holders have sold over 115,000 BTC worth about $12.7 billion, the most since July 2022, according to CryptoQuant analyst caueconomy. He noted that such activity reflects institutional investors' caution. The largest volume of sell-offs occurred on September 3, when over 95,000 BTC were sold in a week, a record since March 2021. Under selling pressure, the BTC price briefly fell below $108,000, but by the time of writing, it had recovered to $115,300.
Centralized Crypto Exchanges Stablecoin Reserves Reach $68B
The volume of stablecoins on centralized exchanges has reached an all-time high of $68 billion, according to CryptoQuant data. Binance holds the largest share: its reserves amount to $44.2 billion, or 67% of the entire market. OKX is in second place with $9 billion (13.5%), followed by Bybit with $4.2 billion (6.2%) and Coinbase with $2.6 billion (5%).
Since the beginning of 2025, stablecoin reserves on Binance have grown by almost 48%, and in the last 30 days alone, they have added $2.2 billion. OKX has increased its reserves by $800 million over the same period.
Polygon Network Glitch
This week, the Polygon mainnet experienced a glitch: on September 10, the blockchain did not release new blocks for more than two hours, a developer nicknamed Sifu reported. The Polygon Foundation clarified that the network did not stop completely - the delay affected only the confirmation of the finality of transactions, which stretched to 10-15 minutes. The error has already been fixed, and validators have begun updating the software. Against the backdrop of the incident, the value of the native POL token fell by more than 3%.
Altcoin Season Index Reaches Highest Since Late 2024
Altcoin indicators have again approached the levels of late 2024. Over the past day, the Altcoin Season index from CoinGlass has grown from 67 to 78 points. Similar values are demonstrated by the Blockchain Center metric, where the altseason is recorded if 75% of the coins from the top 100 by capitalization over 90 days show a return higher than Bitcoin.
The last time such indicators were observed was in December 2024, when the index reached 88 points. Now the total capitalization of the altcoin market has exceeded $ 1.8 trillion and is only 5.2% behind the historical maximum. Over the week, most of the largest altcoins have outperformed Bitcoin in dynamics. Dogecoin became the growth leader, having risen in price by 16.6%.
Tether to Launch USAT
Tether is preparing to launch the USAT stablecoin, fully backed by the dollar and regulated in the United States. The American division will be headed by Bo Hines, who previously served on Donald Trump's Cryptocurrency Advisory Council.
The token will operate on the Hadron RWA platform. The issuance will be provided by the licensed crypto bank Anchorage Digital under the GENIUS Act, Cantor Fitzgerald will act as the custodian of reserves and the main dealer, and the Tether network will be engaged in distribution.
CEO Paolo Ardoino stated that the company expects to enter the American market within three years, but did not rule out the launch of USAT by 2026. The total capitalization of stablecoins is now $292.4 billion. USDT accounts for $170 billion, while its competitor USDC has $73 billion.
Engineers Propose Way to Send Bitcoin to Mars
Researchers Jose and Carlos Puente presented the concept of Proof-of-Transit Timestamping (PoTT), which allows sending Bitcoin from Earth to Mars in about three minutes.
Transactions will go through ground stations, satellites and lunar relays, receiving timestamps at each stage. PoTT is considered an additional level of confirmation of transfers in the Bitcoin network and the Lightning Network using optical channels NASA and Starlink.
The authors stated that the technology is ready for testing. At the first stage, they plan to simulate communication delays, and with full implementation, transfers will take from 3 to 22 minutes. They propose solving the problem of two-week eclipses with the help of relay satellites in orbit.
