Crypto Pulse—Industry Perspectives

The Meme Stock narrative has taken over the crypto market in recent months, fueling the rise of launchpads such as Flap.sh on BNB Chain and Pons on Robinhood Chain. Now it is Solana's turn, and the name leading the charge is StonkFun.In less than two months, StonkFun has pulled off what many challengers before it could not: it out-earned Pump.fun, the undisputed king of memecoin launchpads, in daily revenue, burned around 18% of its native token supply, and pushed its market cap from a few milli

Ethena is ending the token incentives and inflation tied to USDe growth on September 30, marking a significant change in how the protocol has rewarded participants. The move brings an incentive program that had already been reduced substantially since 2024 to an end, shifting greater attention toward Ethena’s underlying revenue model and the long-term economics of USDe. 1.Ethena Brings USDe Token Incentives to an EndEthena has confirmed that token incentives connected to USDe growth will reach z

The Indonesian government estimates that the country’s digital economy approached US$100 billion in 2025 and could reach US$180 billion to US$340 billion by 2030.The headline measure is generally gross merchandise value, or GMV. GMV captures transaction value flowing through platforms. It is not the same as GDP contribution, company revenue, merchant profit, or worker income.Indonesia also reported 65.77 million QRIS users and 44.86 million merchants as of June 2026, with 96.68% of merchants cla

President Prabowo Subianto has instructed the government to accelerate completion of the Indonesia-European Union Comprehensive Economic Partnership Agreement. The direction was issued during a ministerial meeting on September 22, 2026.IEU-CEPA was not yet in force at the time of writing. Substantive negotiations have concluded, but the agreement still requires language finalization, legal revision, signature, and domestic ratification procedures.The Indonesian government has targeted implementa

Bitcoin holders now have another route to obtain USDC without first selling their BTC. On September 21, 2026, Circle introduced Digital Asset-Backed Borrowing for eligible institutional Circle Mint customers.The workflow allows a customer to deposit BTC, receive cirBTC, and use that wrapped Bitcoin as collateral in a supported third-party lending market. Borrowed USDC can then be delivered through Arc or Ethereum.The structure preserves exposure to Bitcoin’s price, but it does not create risk-fr

Indonesia’s Financial Services Authority, or OJK, is moving a range of incidental reports in the capital-market, financial-derivatives, and carbon-exchange sectors from offline submission to a digital system. The framework is established through OJK Regulation No. 9 of 2026 and the technical guidelines in Board of Commissioners Member Regulation No. 8 of 2026.OJK Regulation No. 9 took effect on July 31, 2026. Technical implementation through OJK’s Online Reporting Application, known as APOLO, be

IntroductionCredo Technology Group (NASDAQ: CRDO) has become one of the most closely watched AI infrastructure stocks on the market. The company makes high-speed connectivity products for data centers, and its shares have rewarded long-term holders with a gain of more than 1,600% since listing. But the ride has not been smooth. Between mid-August and mid-September 2026, CRDO stock fell from about $283 to roughly $150, then recovered sharply to close at $210.97, up 7.65% in the latest session.So

IntroductionMeta Platforms surged 11.34% on Monday, September 21, its largest single-day gain in more than a year, after its new personal AI assistant, Muse, rocketed to the top of Apple's U.S. App Store just 13 days after launch. The stock kept climbing into Meta's Connect 2026 developer conference on September 23 and 24, closing at a fresh 52-week high of $779.82 on Thursday, its highest level in about seven months, before slipping 3.33% on Friday after a New Mexico jury found the company misl

IntroductionNike closed at $35.75 on Friday, September 25, a fresh multi-year low, after Bank of America analyst Lorraine Hutchinson downgraded the stock to Underperform from Neutral and cut her price target from $47 to $30, warning that the athletic brand's turnaround is now unlikely to show up until fiscal 2028. The call landed six days before Nike reports fiscal first-quarter results on October 1, and it crystallized a frustration that has been building all year: North America keeps growing,

IntroductionMicron Technology closed at $1,015.80 on Friday, September 18, up roughly 9.63% over two sessions, as the market looked ahead to a September 30 earnings report that follows the most profitable quarter in the company's history. In fiscal Q3, Micron's gross margin hit 84.9%, a company record that surpassed the 61.0% peak of the prior 2018 cycle by 24 points and, according to CNBC's comparison of megacap tech margins, moved ahead of Nvidia's 75% and Broadcom's 69.5%, landing just behind