Stacy in Dataland (´⊙~⊙`)

Over 95% of Katana’s TVL is actively deployed in DeFi, marking a high level of productivity. This reflects the protocol’s long-term sustainability and ecosystem maturity.

BTC and SOL saw notable drops in open interest, hinting at a pullback in speculative activity and a potential short squeeze. Meanwhile, ETH, XRP, and BNB showed rising OI, suggesting renewed leveraged positioning and growing conviction in directional trades.

Ethena’s USDE supply on TON has surpassed $200M, following its integration into Telegram Wallet. The in-app support significantly boosted adoption among Telegram users.

Since introducing EVM compatibility in May 2024, Sei has fueled the growth of its DeFi ecosystem. In Q2 2025, USD TVL rose 67.8% QoQ to a record $609.4M, while SEI’s price jumped 63.5% to $0.28. TVL in SEI terms saw a more modest 2.6% increase, reaching 2.16B.

Sky is on pace to generate ~$470M in revenue over the next 12 months.

OpenEden is planning to have a TGE later this month. Here's my investment memo, covering both strengths and weaknesses of the upcoming launch. Informed = ready. Read it here.

Maple Finance’s syrupUSDC skyrocketed from just $1K to nearly $50M in under two weeks — one of the fastest-growing stablecoin launches to date.

Since the launch of DRIP, Morpho’s market size on Arbitrum surged from ~$34M to ~$167M — a 387% increase.

Tokenized investment funds have reached a record AUM of $7.7B, as asset managers show growing interest in bringing traditional products on-chain. Leading the pack is BlackRock’s BUIDL.

Orbit licensing fees have contributed 5.3% of Arbitrum DAO’s total income so far in September. It’s become a notable revenue stream for the treasury.

Ladies and gentlemen, let me present a special selection of weekly research for you 🎩 General ➖Crypto.com: The State of Crypto Commerce & Payments - H1-2025 ➖Crypto.com: Alpha Navigator: Quest for Alpha [August 2025] ➖ Binance: Weekly: Global Markets Surge Amid Rate Cut Expectations and Inflation Complexities ➖ Galaxy: Weekly Top Stories - 9/12/25 Market ➖ CoinGecko: Survey: 4 in 5 Expect Another Bitcoin All-Time High This Year ➖ Coinbase: Weekly: Fed, DATs and NPM ➖ Glassnode: BTC Market Pulse: Week 38 ➖ Glassnode: Market At A Crossroad ➖ Galaxy: Revisions, Reserves, and Rate Cuts DeFi ➖ Galaxy: Decentralized AI Training: Architectures, Opportunities, and Challenges Blockchains & networks ➖ 4pillars: Talus: The Missing Infrastructure for the Autonomous Digital Economy ➖ Galaxy: A Near-Miss: How the NPM Breach Almost Wreaked Havoc for Crypto Users GameFi & NFTs ➖ 4pillars: The Chronicle of Pudgy Penguins

Forward Industries is trading at a $3.1B market cap, with a fully diluted valuation — factoring in pre-funded warrants — estimated at $3.6B.