icoin

According to Onchain Lens monitoring, the Multicoin Capital wallet deposited 92,400 HYPE into Coinbase Prime, worth approximately 8.34 million USD, suspected to be for sale.

On September 29, Shayon Sengupta, a partner at the cryptocurrency investment firm Multicoin Capital, stated that Multicoin has invested in the decentralized bandwidth network Grass through its hedge fund and venture capital fund, referring to it as the reading layer of machine intelligence. Over the past 18 months, Grass has recruited contributors to share idle bandwidth through crypto incentives for querying and parsing the public internet, connecting data to the data pipeline of frontier labs.The article cites a report from Grass itself, stating that over 6 million contributors have received rewards denominated in USD, funded by the revenue generated directly from their contributions. Grass reported revenues of $17 million in 2025, with another $17 million recorded in the first half of 2026, with nearly all AI clients making repeat purchases. Grass claims the business is profitable and projects that revenue from training data alone will reach $75 million in 2026, with relevant figures coming from its call on July 7 to token holders and network participants.Sengupta wrote that Grass plans to launch a Contents API, allowing models to open and render public pages through residential networks, and plans to introduce a Search API along with web indexing. Grass has collected over 1 billion public internet videos, some of which are used with Multicoin portfolio company Inference.net for training video annotation models.

According to Lookonchain monitoring, Multicoin Capital has deposited 130,300 HYPE into Coinbase Prime again after a one-week pause, worth 12.15 million USD.Since July 28, Multicoin Capital has cumulatively deposited 4.23 million HYPE into Coinbase Prime, worth 285 million USD.

Multicoin Capital founder and CIO Tushar Jain stated that the current sentiment in the cryptocurrency market is somewhat exuberant, and a pullback or consolidation cannot be ruled out.He advised investors to remain calm, avoid overtrading, and focus on holding high-quality assets, allowing investment logic to naturally play out rather than trying to precisely capture every short-term high and low.

The company TransparentBusiness, which operates Unicoin, has filed a lawsuit in the Southern District of New York Federal Court against Universal Navigation, which operates Uniswap Labs, requesting the court to rule that its UNICOIN trademark does not infringe or dilute the trademarks UNI, UNISWAP, and UNICHAIN claimed by Uniswap, and to request the court to cancel the U.S. trademark registration for UNI.The complaint shows that Uniswap's legal counsel sent three letters to Unicoin on June 3, July 17, and August 14, accusing it of trademark infringement, dilution, domain name squatting, and unfair competition, and demanding that Unicoin cease using the UNICOIN and other identifiers containing UNI, transfer the domain names unicoin.com and unicoin.org, provide income and profit accounts, and pay Uniswap's legal fees. Unicoin also requests the court to confirm that the aforementioned domain names do not violate the U.S. Federal Anti-Cybersquatting Consumer Protection Act.The lawsuit comes weeks before the public issuance of the UNCN token listed on the Unicoin official website on September 28. As of the time of publication, DeFiLlama data shows that the Uniswap protocol ranks first among decentralized exchanges with over $3.9 billion in 24-hour trading volume.

According to on-chain analysts, Multicoin Capital has allegedly sold 1.725 million HYPE worth 133 million dollars since July 28, expecting a profit of 77.15 million dollars.Its most recent recharge occurred 9 hours ago, with a cost price of approximately 32.32 dollars and an average recharge price of 77.03 dollars. Currently, it still holds HYPE worth 60.29 million dollars on-chain.

According to on-chain analyst Ai Yi's monitoring, Multicoin Capital has allegedly sold $112 million worth of HYPE since July 28, expecting a profit of $64.08 million, with a return rate exceeding 134%.This entity accumulated 4.95 million HYPE from Galaxy Digital at an average price of $32.32 between January and July this year, and has since allegedly taken profits in batches on exchanges. Its most recent deposit to Coinbase occurred 3 hours ago, amounting to approximately 150,000 HYPE, valued at $12.78 million.

According to Onchain Lens monitoring, Multicoin Capital (0x57C...174B) transferred 97,180 HYPE to Coinbase again, worth approximately 8.18 million USD, possibly for selling.

According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital has transferred approximately $59.04 million worth of HYPE to Coinbase through 8 addresses in the past 30 days, with the latest transfer occurring 7 hours ago, amounting to 81,300 HYPE (approximately $6.69 million).

According to Onchain Lens monitoring, a wallet suspected to be related to Multicoin Capital (0x76d...6045) transferred 106,100 HYPE to Coinbase Prime a few minutes ago, worth approximately 8.41 million USD.

Tushar Jain, co-founder of Multicoin Capital, stated that despite the significant rise in BTC, STRC has not re-pegged due to its low dividend levels. STRC was promoted as a fixed income product but has experienced a significant drawdown of about 30%.Tushar Jain pointed out that if investors need to bear such a level of drawdown risk, the yield of STRC must be significantly increased to provide adequate compensation for the aforementioned risk.

According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital transferred 197,560 HYPE to Coinbase in the past 9 hours, worth approximately $14.54 million, suspected to be for sale.

Multicoin Capital partner Tushar Jain stated that he spoke at the first meeting of the CFTC Innovation Advisory Committee and presented three recommendations to CFTC Chairman Selig. These include establishing safe harbors or innovation exemptions for new markets such as derivatives, allowing builders to test ideas for compliance; supporting compliance confidentiality tools in DeFi, which provide greater transparency for regulators in managing systemic risk while protecting the privacy of institutional traders.Jain also called for support for perpetual futures before IPOs, enabling ordinary Americans to share in AI wealth creation, rather than being excluded from private markets or forced into opaque SPVs. He mentioned that he also communicated with SEC Chairman Paul Atkins that day and expressed gratitude to forward-looking regulators concerned about the future of America.

According to Onchain Lens monitoring, Multicoin Capital (0x57C...174B) deposited 62,730 HYPE to Coinbase Prime 45 minutes ago, worth 4.37 million dollars.

According to Forbes, blockchain pioneers Scott Stornetta and Stuart Haber have joined the prediction market platform SafeBets as advisors. The platform allows users to make predictions without investing real money, using free points instead, with correct predictions earning Unicoin token rewards. SafeBets positions its business as "market research" rather than betting, distinguishing itself from competitors like Polymarket and Kalshi, which face legal risks.SafeBets Executive Director J. Tennyson Singer stated that the platform's long-term plan is to monetize users' collective prediction data by providing trading signals to affiliated brokerage firms, and it has already attracted thousands of participants for the World Cup events, with plans to expand into political prediction areas such as the U.S. elections.According to Unicoin Inc.'s quarterly report submitted to the SEC, SafeBets is wholly owned by Unicoin CEO Alex Konanykhin. Unicoin has been facing an SEC lawsuit since May 2025, accused of inflating fundraising amounts in token sales and falsely advertising its "SEC registered" status. Unicoin claims that the allegations are "baseless" and will actively defend itself. The Unicoin tokens awarded to users come from this litigated entity. Unicoin is currently conducting equity financing at a price of 25 cents per share, targeting $20 million.

According to Onchain Lens monitoring, Multicoin Capital transferred 172,700 HYPE to Coinbase Prime, worth approximately $10.15 million, possibly for sale.It still holds 2.16 million HYPE, worth approximately $127 million.

On-chain data shows that three wallets associated with Multicoin currently hold approximately 1.777 million HYPE, valued at about 10.2 million USD.Previously, some related HYPE was transferred to Coinbase Prime and Galaxy OTC, but it cannot be confirmed whether the sale has been completed.

According to EmberCN monitoring, a week ago, Multicoin Capital transferred 395,000 HYPE (37 million USD) to Coinbase and then continued with more HYPE staking redemptions. 1.97 million HYPE (10.8 million USD) successfully exited staking after a 7-day unbonding period.The successfully redeemed HYPE includes 86,000 (4.78 million USD) that was transferred to Coinbase Prime 3 hours ago. It is worth noting that HYPE has dropped by 10% in the past week.