MAP Protocol, Useless Coin, LUNC lead the charge as Bitcoin hits $105k

Eric Trump on Tuesday described Bitcoin as a “modern-day gold,” calling it a liquid store of value that can act as a hedge to real estate and other assets. Related Reading: XRP’s Biggest Rally Yet? Analyst Projects $20+ In October 2025 According to reports, the remark came during a TV appearance on CNBC’s Squawk Box, tied to the launch of American Bitcoin, the mining and treasury firm he helped start. Company Holdings And Strategy Based on public filings and company summaries, American Bitcoin has accumulated 2,443 BTC on its balance sheet. That stash has been valued in the low hundreds of millions of dollars at recent spot prices. The firm mixes large-scale mining with the goal of holding Bitcoin as a strategic reserve, which it says will help it grow both production and asset holdings over time. Eric Trump’s comments were direct. He told viewers that institutions are treating Bitcoin more like a store of value than a fringe idea, and he warned firms that resist blockchain adoption. The tone was strong at times, and the line about Bitcoin being a modern equivalent of gold was used to frame American Bitcoin’s role as both miner and holder.   Eric Trump has said: bitcoin is modern-day gold — unusual_whales (@unusual_whales) September 16, 2025 How The Company Went Public American Bitcoin moved toward a public listing via an all-stock merger with Gryphon Digital Mining earlier this year, a deal that kept most of the original shareholders in control and positioned the new entity for a Nasdaq debut. Reports show that mining partner Hut 8 holds a large ownership stake, leaving the Trump family and other backers with a minority share. The listing brought fresh attention and capital to the firm as it began trading under the ticker ABTC. Market watchers say the firm’s public debut highlights two trends: mining companies are trying to grow by both producing and holding Bitcoin, and political ties are bringing more headlines to crypto firms. Some analysts point out that holding large amounts of Bitcoin on the balance sheet exposes a company to price swings, while supporters argue it aligns incentives between miners and investors. Related Reading: Ethereum Bulls Target $8,500 With Big Money Backing The Move – Details Reaction And Possible Risks Based on coverage of the launch, investors have reacted with both enthusiasm and caution. Supporters praise the prospect of a US-based miner that aims to be transparent and aggressive about building a reserve. Critics point to governance questions, possible conflicts tied to high-profile backers, and the usual risks of a volatile asset being held on corporate balance sheets. Eric Trump’s remark that Bitcoin has taken gold’s role in today’s world reflects both his belief in its value and American Bitcoin’s strategy of mining and holding. Whether that view sticks will depend on how investors and institutions respond in the months ahead. Featured image from Meta, chart from TradingView

PANews reported on September 17 that according to Whale Alert , at 23:48 Beijing time, USDC Treasury minted 250 million new USDC (approximately US$250 million) on the Solana blockchain .

The post Kalshi surges to 62% of global prediction market share appeared on BitcoinEthereumNews.com. The prediction platform Kalshi announced that its share of the global prediction market has soared to 62.2%, a huge leap from last year’s 3.1%. The company, however, still operates exclusively in the U.S. market. According to the Block Data Dashboard, the company has already seen $1.3 billion in monthly trading volume, outpacing rival Polymarket, which stands at $773 million. The last time the prediction platform saw monthly volume topping $1 billion was in November 2024, amid U.S. elections. Kalshi is currently facing state lawsuits Kalshi now takes roughly two-thirds of the global prediction market volume, with 37% going to Polymarket and whatever is left picked up by Limitless and Myriad. Its trading particularly grew in August, partly driven by the NFL season kickoff and its enhanced focus on sports markets. Kalshi CEO Tarek Mansour, in his statement on the platform’s market share, said, “It’s remarkable to see how fast the platform is growing.” Still, it faces multiple lawsuits accusing it of operating as an unregistered sports betting platform. Authorities in Maryland, Nevada, and New Jersey have all ordered it to stop operations, arguing its markets qualify as sports betting. The cases are now in federal court, with early rulings issued, but final judgments are still pending. Massachusetts took an even tougher stance last week, suing the platform and branding its sports contracts illegal and unsafe sports wagering. The state’s 43-page filing asks the court to block local users from participating, similar to the limitations imposed on Coinbase’s staking programs in some states. Andrea Campbell, the state’s attorney general, claimed that the prediction platform effectively runs a sportsbook without following the licensing and regulatory framework required in Massachusetts. Kalshi, however, pushed back on the allegations, stating, “Kalshi offers its users a fair, transparent, federally-regulated, and nationwide marketplace. Rather than engage in…