GM. This is the Never Die Newsletter, where I share whatever crypto news and content I feel like, every week, short and sweet, right to your beautiful little inbox.
This week we have:
🎙️Hot Off the Mic: My Most Important Video This Bull Run
📰News: Ether Exchange Reserves Drop by 38%
🌟Narrative of the week: Stripe Launches a L1
NEWS📰
📉 Ether Exchange Reserves Drop by 38%
Ether reserves on centralized exchanges fell to a 3 year low of 17.4M ETH, down 38% since 2022, driven by $13B in spot ETF inflows and corporate treasury accumulation. Companies like SharpLink and BitMine hold over 3.6M ETH, while staking demand surges with $3.7B queued.
🎰 Polymarket Receives Greenlight to Operate in US
The CFTC granted Polymarket’s QCX LLC and QC Clearing LLC a noaction letter, allowing event contracts without strict reporting, following a $112M acquisition of QCEX. This move, signaling softer crypto enforcement under the Trump administration, enables Polymarket’s US relaunch. CEO Shayne Coplan hailed the swift approval, with Donald Trump Jr. joining the advisory board.
🌍 US Climbs to the 2nd Spot in Global Crypto Adoption
The US jumped to second in Chainalysis’ 2025 Global Crypto Adoption Index, driven by Bitcoin ETF inflows and regulatory clarity, while India held the top spot for the third year. Pakistan, Vietnam, and Brazil rounded out the top five, with Asia Pacific seeing 69% growth in crypto transactions.
🪙 Wyoming’s Stablecoin Expands to Hedera
Wyoming’s Frontier Stable Token (FRNT) launched on seven blockchains, Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base in August and is now set to join Hedera for its security and compliance. Despite expectations, public purchases are still unavailable, with updates promised soon.
⚠️ Starknet Suffers 3 Hour Outage
Starknet an Ethereum L2 suffered a nearly three hour outage due to a sequencer failure, halting transactions and requiring resubmissions. This is the 2nd major disruption in two months, following a 13 minute July outage, which raises questions on the network’s stability despite its $548M TVL. A detailed root cause analysis is promised.
🐶 REX Shares Set to Launch First US Dogecoin ETF
REX Shares is poised to launch a Dogecoin ETF next week using the 40 Act regulatory path bypassing traditional SEC filings as done with its Solana staking ETF. The move follows filings for a TRUMP token ETF.
My Most Important Video This Bull Run
In this week’s video, I’m laying out the single most important thesis I’ve built in 9 years of crypto. I break the setup down to first principles to answer the big question: are we actually getting an altseason or not?
Narrative of the Week: Stripe Launches a L1
Stripe just made its boldest crypto move yet, unveiling Tempo, a new Layer 1 blockchain built specifically for stablecoin payments, Here’s all you need to know:
Payments First: Tempo is laser focused on enterprise scale payments boasting 10,000+ TPS, low fees, batch settlement, and compliance tools like asset freezing.
EVM Compatible: Built for Solidity devs, Tempo can plug directly into Ethereum’s ecosystem, easing integration for existing dApps and fintechs.
Stablecoin Native: Gas fees will be payable in regulated stablecoins with no native token announced.
Big Backers: Heavyweights like Anthropic, Deutsche Bank, Visa, Shopify, and Nubank are backing it, hinting at serious adoption potential.
Tempo is clearly a threat to Ethereum’s role in stablecoin payments, but not necessarily to ETH’s DeFi dominance. Stripe owning the full stack (Bridge, Privy, Tempo) funnels payment flows outside Ethereum’s blockspace, reducing demand for ETH holding and fee burn. The bigger losers near term look like Tron, Solana, and Polygon. Still, Tempo’s EVM compatibility means new users could eventually bleed into Ethereum’s DeFi ecosystem, where yield and long term holding drive usage.
SOME TWEETS
🚨 NEW: Justin Sun says his $WLFI tokens were "unreasonably frozen" and calls on the team to unlock them, stating that early investors deserve equal rights and that token freezing violates legitimate rights of investors.
— #Cointelegraph (#@Cointelegraph)
5:30 AM • Sep 5, 2025
in just two short months, katana has reached $500M+ in 'productive TVL'
TVL that's actually being used in defi on katana and powering the flywheel
not just funds sitting idle in wallets ⚔️
— #katana ⚔️ (#@katana)
12:55 PM • Sep 5, 2025
DePIN has led sector mindshare over the past 30 days, up 198.64%.
However, during the same period, the market cap for the sector has decreased by 2.56%.
— #Messari (#@MessariCrypto)
6:00 PM • Sep 3, 2025
JUST IN: 🇺🇸 US unemployment rate rises to 4.3%, highest since October 2021.
— #Watcher.Guru (#@WatcherGuru)
12:51 PM • Sep 5, 2025
MEME OF THE WEEK
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