Wrapped Bitcoin is Bitcoin repackaged as an Ethereum token. One WBTC is backed by one BTC sitting in a custodian's vault, which lets Bitcoin's value move through DeFi, lending markets, liquidity pools, collateral positions, where native BTC cannot go. For six years it was the leading custodial Bitcoin wrapper by supply and DeFi integration, and then a 2024 custody controversy turned its category into a contested race. As of 26 September 2026 WBTC represents about 116,000 BTC worth roughly $9.8 b
PYUSD is PayPal's US dollar stablecoin, issued by Paxos, a New York regulated trust company required to hold full reserves behind the token, live since August 2023, and holding a market cap around $2.8 billion as of late September 2026, per CoinGecko. What makes it worth understanding in 2026 is not the token itself, which uses the familiar reserve-backed model, but the fact that PayPal pays 4% rewards for holding it inside PayPal and Venmo, in a year when US law supposedly banned stablecoin yie
As committed in the post-mortem of 4 September and in the update of 18 September, this is the scheduled 2 October update. It covers two things: where the review with Binance stands — against the questions we said were open — and the status of every item listed in "What we changed — and what is still in progress", against the dates we committed to.
1. The review with Binance
Where it has got to
* 18 August — before the liquidation, we asked Binance how collateral rates apply under Portfolio
RLUSD is Ripple's US dollar stablecoin, issued through a New York regulated trust, backed by cash and Treasuries, and live on both the XRP Ledger and Ethereum. Launched in December 2024, it crossed a $2.4 billion market cap by September 2026, per CoinGecko, making it one of the faster-growing regulated stablecoins since the GENIUS Act, the 2025 US stablecoin law, with Ripple positioning it as trading collateral inside its own institutional brokerage business.
This guide covers what RLUSD actual
Celsius Network froze its roughly 1.7 million registered users out of their accounts on 12 June 2022, per its own bankruptcy filings, filed for bankruptcy a month later, and its founder is now serving 12 years in federal prison for fraud. Of the platforms that died in crypto's 2022 lending collapse, Celsius is the one where the courts eventually said the quiet part out loud. This was not just a risk model that failed. It was a business whose own marketing was found to be false by a bankruptcy ex
BlockFi froze withdrawals on 10 November 2022, filed for Chapter 11 bankruptcy eighteen days later, and no longer exists as a business. That is the short answer. The longer answer is stranger and more instructive, because BlockFi eventually announced distributions covering 100% of allowed customer claims, the court-recognised amounts valued in dollars on the filing date, a recovery almost nobody predicted, and many former customers still have not collected it. And the 100% carries a catch that e
$0.57. HBAR's all-time high from September 2021 has now stood for five years, and the token trades 83% below it. The arrival of a US spot ETF was supposed to change that. It launched in late October 2025, and through the year that followed almost nothing happened. That anticlimax is the most useful data point in any honest HBAR forecast, and most prediction pages ignore it entirely.
Here is where Hedera actually stands in late September 2026, what the ETF's first months really showed, and scena
Liquid staking solves the oldest annoyance in proof of stake, that earning staking rewards means locking capital you might want back. Stake through a liquid staking protocol and you receive a token representing your staked position, an LST, which keeps earning rewards while remaining tradable, usable as collateral and free to move through DeFi. The idea now anchors tens of billions of dollars, with Lido alone holding about $26 billion in staked assets as of 26 September 2026, per DefiLlama.
The
$2.39. That was ARB's all-time high, set in January 2024 within a year of the token's launch. By the summer of 2026 the token had ground down more than 95% from that peak, written off by most of the market as another governance token with no claim on the network's cash flows. Then Robinhood built its chain on Arbitrum's technology, and ARB more than doubled in thirty days. At around $0.21 in mid September 2026, per CoinGecko, ARB is simultaneously one of 2026's best recent performers and still 9