News/Daily Market Wrap | Sep. 16

Daily Market Wrap | Sep. 16

Sep 16,2025,17:28

Hot Topics

  • PayPal expands peer-to-peer payments to include crypto transfers like bitcoin and ether, with "PayPal links" for easy sharing and tax-free personal transactions.
  • SEC Chair Paul Atkins pledges to warn crypto firms before enforcement, targeting fraudsters and dropping cases against firms like Ripple and Binance.
  • Robinhood's new venture capital fund, Robinhood Ventures Fund I, aims to give retail investors tradable access to private companies on the NYSE.

Market Updates

  • Aave's deposits reached $73.2B, overtaking Lido, as DeFi surpasses $160B, despite AAVE's token dropping to $298.
  • Solana Company raised $500M for a Solana treasury, led by Pantera, with shares up 200% to stake SOL and invest in DeFi.
  • MoonPay acquires Meso to build a global crypto payments network, adding Meso’s co-founders to its leadership.
  • Maple Finance launches syrupUSDT on Tether-backed Plasma blockchain, targeting $5B in assets by 2025 with yield and rewards via Midas vault.
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