utility

According to CoinDesk, VerifiedX is a Layer-1 blockchain and Bitcoin sidechain. The project released Butterfly on Wednesday, a payment application designed to be as easy to use as utilities like Venmo or Cash App, while also simplifying the complexities of many popular crypto wallets and payment methods, without incurring the relatively high fees of certain exchanges.

ChainCatcher news, October 2, Jesse Pollak, head of Coinbase's Layer 2 platform Base, told attendees at the Token2049 conference in Singapore that non-USD stablecoins are "missing" in the crypto ecosystem, and locally pegged stablecoins can provide meaningful local utility.Pollak stated, "In today's world, about 60% of the world's currency reserves are in USD, along with dozens of other key currencies—whether it's the euro, yen, or even currencies like the Nigerian naira—they are all important components of the global economy." Pollak added, "But currently, they are missing in the crypto economy, which is 99% denominated in USD."He further mentioned that there are already 12 local currency stablecoins available on Base, including stablecoins backed by the Indonesian rupiah, Turkish lira, New Zealand dollar, and Brazilian real. Coinbase also launched two additional stablecoins today, pegged to the Singapore dollar and Australian dollar.According to data from The Block, as of Wednesday, the total supply of USD-pegged stablecoins has increased from $272.3 billion at the beginning of September to $284.4 billion.

ChainCatcher news, Sahara AI has announced its latest roadmap, with the first vertical domain agent "DeFiCopilot" expected to launch in the fourth quarter of this year. This product will focus on simplifying on-chain interactions and asset management, lowering the barrier for users to enter DeFi.In addition to DeFi, more vertical domain agents are in preparation, expected to cater to enterprise and specific industry needs. Furthermore, the Sahara platform will undergo an upgrade of its enterprise-level data services, providing more comprehensive management tools and collaboration systems to support the large-scale deployment of AI applications. The Sahara Chain mainnet is about to launch, with $SAHARA serving as the native gas, supporting staking, governance, and cross-chain execution.

ChainCatcher news, Sahara AI announced its latest roadmap, with the first vertical domain agent "DeFiCopilot" expected to launch in the fourth quarter of this year. This product will focus on simplifying on-chain interactions and asset management, lowering the barriers for users to enter DeFi.In addition to DeFi, more vertical domain agents are in preparation, expected to cater to enterprise and specific industry needs. Furthermore, the Sahara platform will undergo an upgrade of its enterprise-level data services, providing more comprehensive control tools and collaboration systems to support the deployment of large-scale AI applications. The Sahara Chain mainnet is about to launch, with $SAHARA serving as the native gas, supporting staking, governance, and cross-chain execution.

ChainCatcher news, according to the official announcement, dYdX has released its latest roadmap. The platform will launch Telegram trading features in September 2025, allowing users to trade via the web and Telegram, while having the opportunity to share a total monthly reward of over $3 million.In addition, dYdX will introduce several important upgrades, including a partner fee-sharing program (up to 50% of protocol fees), social login features, TWAP order functionality, and more. The platform also plans to introduce spot trading, supporting multiple public chains including Solana, and will add USDT, Solana, and fiat deposit channels.

ChainCatcher news, according to Bloomberg, Bitcoin mining company MARA Holdings Inc. will acquire a 64% stake in Exaion, a technology subsidiary of the French electricity company (EDF), for $168 million in cash.Under the agreement, MARA also has the option to invest an additional $127 million, increasing its stake to 75%. The French electricity company will retain a minority shareholder status.This acquisition aims to expand MARA's business layout in the field of artificial intelligence infrastructure.

ChainCatcher message: According to 4E observations, Trump Media, the parent company of the social platform Truth Social, reported a net loss of $20 million in the second quarter of 2025, with approximately $15 million attributed to legal fees related to the SPAC merger. Following the earnings report, the stock price dropped by 3.8%. The company purchased $2 billion worth of Bitcoin earlier this month, becoming the fifth largest publicly traded holder of Bitcoin globally. It plans to launch a utility token that binds the Truth Social and Truth+ platforms and has submitted an application for a digital asset ETF, with the review period extended to September 18.Bitcoin's price has temporarily pulled back from $119,800 to $112,000. CryptoQuant analysts noted that rising risk aversion and intensified institutional buying are at play, with key support levels resting in the $110,000--$113,000 range. If this support holds, the market may retest the $119,000--$122,000 range; otherwise, it faces the risk of a pullback.Glassnode data shows that the proportion of open contracts for Ethereum has risen to nearly 40%, with speculative focus continuing to shift towards ETH. Meanwhile, U.S. ADP employment figures fell short of expectations, and the probability of a Federal Reserve rate cut in September surged to 80.3%. Gold prices are rising, and the VIX remains low, suggesting that U.S. stocks and the crypto market may be entering a new phase of volatility.4E reminds investors: Currently, the correlation between crypto assets and macro policies is becoming increasingly tight, and it is essential to be vigilant about potential market sentiment reversals and short-term impacts from policy maneuvering.

ChainCatcher news, the Eclipse ecosystem NFT series After School Club has launched a utility token, GEM. GEM will reward ASC holders by providing practical uses and long-term benefits consistency within the Eclipse ecosystem.The initial airdrop snapshot was completed on July 21, with each ASC NFT allocated 5 GEM tokens, totaling an airdrop amount of 50,000 GEM (10% of the supply). Additionally, monthly airdrops will continue for 45 months, with each ASC NFT allocated 1 GEM per month, totaling a distribution of 450,000 GEM (90% of the supply).

ChainCatcher news, according to decrypt, the social platform Truth Social has announced the launch of a utility token, which will be associated with the Patriot Package TV subscription plan. The platform will also reward users' loyalty through "gems." The Patriot Package is currently in public testing, charging $9.99 per month, providing access to 12 "premium, non-woke news channels," expanded video on demand content, a red verification checkmark on Truth Social, and a Truth+ badge.Additionally, Truth Social's parent company, Trump Media and Technology Group, has submitted a registration statement for the "Truth Social Crypto Blue Chip ETF" to the U.S. Securities and Exchange Commission, which will include assets such as Bitcoin, Ethereum, Solana, XRP, and Cronos. This initiative is the latest trend of Trump-related enterprises embracing digital assets.

ChainCatcher news, according to Decrypt, the social media platform Truth Social, founded by U.S. President Trump, announced the launch of a utility token as part of its new loyalty rewards program, which is associated with its "Patriot Package" subscription service.According to the announcement, "Patriot Package" subscribers will accumulate "gems" in their Truth Social accounts based on their level of interaction on the platform, which will eventually be linked to utility tokens on the Truth Social and Truth+ platforms. The subscription service is currently in public beta, with a monthly fee of $9.99, offering 12 "premium, non-woke news channels," expanded video on-demand content, and platform verification badges, among other services.

ChainCatcher news, according to The Block, the media company owned by U.S. President Trump—Trump Media & Technology Group—is considering launching a utility token, which users of the "Truth Digital Wallet" can use to pay for "Truth+ subscription fees." In the future, it may also be used to pay for "other products and services within the Truth Social ecosystem." Last November, the company submitted a trademark application for the fintech brand Truth.Fi, which mentioned "downloadable computer software for use as a digital wallet" related services.

ChainCatcher message, the db X account's previous report on "Trump token has utility" is fake news, the account was hacked, and the tweet has been deleted.

ChainCatcher news, according to db, the Trump Meme token will have real utility.

ChainCatcher news, Binance published a blog post titled "The Long Game of Cryptocurrency: The Utility of Digital Assets Beyond Investment," which explores the practicality of cryptocurrency and blockchain technology beyond finance. It emphasizes their potential and real-world applications in enhancing the unbanked population, providing decentralized identity and privacy, transforming supply chains, healthcare, and social impact innovation. The article states that the true value of digital assets goes far beyond investment, and by focusing on real-world applications and utility, investors can better understand why cryptocurrency is indeed a long game worth playing. When the next bear market arrives, it will be easier to stay steady if one is confident in the utility of the specific investments held.

ChainCatcher news, according to appfigures data, the Solana ecosystem crypto wallet Phantom ranks second in the free utility app category in the US App Store, second only to Google.Additionally, according to the Web3 asset data platform RootData, Phantom is a user-friendly crypto wallet that allows users to securely and easily store, buy, send, receive, trade tokens, and collect NFTs on the Solana blockchain.

ChainCatcher news, Li Rongbin, founding partner of SevenX Ventures, stated during the "User-Centric: Exploring New Opportunities for Web3 Applications" Space organized by RootData that over the past year, projects supported by venture capital (VC) have become increasingly unpopular, with many cryptocurrencies listed on centralized exchanges performing poorly, and the crypto market has returned to the on-chain era.He pointed out that this is a constantly swinging process, involving not only centralization and decentralization but also the pursuit of meaning and utility. For example, Ethereum was once the leader in the single-chain era, but the market has now evolved into a multi-chain competitive landscape. Throughout this process, Ethereum has experienced multiple ups and downs.Overall, the crypto market resembles a pendulum that is constantly swinging, with market trends changing dynamically.

ChainCatcher news, Four Pillars analysts pointed out that the EIGEN token of the restaking protocol EigenLayer has been hovering between $3 and $4 since its listing on October 1, a significant drop from the $13 price in the over-the-counter market earlier this year. Analysis shows that the unclear utility of the token and the selling pressure from airdrops are the main reasons for EIGEN's poor performance.In the white paper released in April 2024, EigenLayer describes EIGEN as a "Universal Intersubjective Work Token," a complex concept that is difficult for ordinary investors to understand. The functions of EIGEN are mainly reflected in three aspects: cross-chain universality, network task execution capability, and the ability to address subjectivity failures. These complex functions are hard to communicate clearly to ordinary investors, affecting the market's perception of EIGEN's value.The selling pressure from airdrops is also an important factor in the decline of EIGEN's price. Of the 185 million EIGEN tokens in circulation, approximately 46% (86 million EIGEN) were distributed through airdrops. This includes tokens allocated to institutional investors and cryptocurrency whales such as Blockchain Capital and Galaxy Digital. Additionally, Justin Sun and GCR reportedly transferred airdropped EIGEN worth approximately $8.75 million and $1.06 million, respectively, to centralized exchanges, exacerbating the selling pressure. The EigenLayer Foundation recently announced that approximately 1.67 million EIGEN were stolen in a hacker attack, further undermining market confidence.

ChainCatcher news, DWF Labs co-founder Andrei Grachev posted on the X platform stating that the market is gradually dividing into three main categories: regulated tokens (I suspect that the BRICS countries and the US laws will be implemented first, followed by other countries), ordinary utility tokens and some stablecoins, and community-driven tokens.It is best to prepare in advance and seize the opportunities brought by these changes as much as possible; change means opportunity.