The Weekly Airdrop: 0x183

Sep 12, 2025

Grayscale files for a Chainlink ETF: Grayscale submitted a proposal to convert its LINK trust into a spot LINK ETF under the ticker GLNK, potentially the first U.S. ETF for oracle tokens; the filing suggests staking could be included. If approved, LINK gains regulated access for a wider range of TradFi allocators.
Nasdaq pushes tokenized stocks: Nasdaq filed with the SEC to enable trading tokenized securities alongside traditional shares, signaling a major U.S. exchange moving on-chain. If approved, it will mark an incredible development in bringing blockchain-based settlement to traditional securities markets.
USDH validator vote attracts institutions to Hyperliquid: On Sunday 9/14, Validators will decide which issuer gets rights to the reserved USDH ticker. The bid for the ticker has invited widespread institutional interest, with proposals from Paxos, Ethena, Agora, Sky, and Native Markets. The vote focuses on ticker assignment rather than special privileges.

BTC reclaims $115K as Strategy buys more: BTC ETFs came back into the spotlight, recording $1.68Bn in net inflows this week while recording strongest performance since July. Strategy expanded its bitcoin holdings with a $217M purchase, accumulating 1955 BTC.
Spot ETH ETFs see renewed demand: ETH ETFs saw $232M in inflows this week, bouncing back after last week’s five straight red days. ETH treasury company SharpLink began utilizing their share buyback program, as their $3.6Bn in ETH holdings continue to generate staking yield.
SOL outperforms backed by $1.65Bn DAT announcement: Solana surged to $240 this week as Forward Industries announced their 10-figure PIPE raise. Multicoin Capital partner Kyle Samani will serve as chairman, as the company intends to generate differentiated onchain returns through active ecosystem participation.

M31 Capital DeFi Index: +5.5%

Ethena x Binance; MegaETH’s USDm: Binance integrated USDe across its platform, accelerating CEX distribution to 280M users. In parallel, MegaETH introduced USDm in partnership with Ethena’s USDtb as the foundation. MegaETH will use the USDm reserve yield to offset sequencer fees.
EulerEarn perks via Coinbase One: Euler launched a EulerEarn vault for Coinbase One members, with $250K in USDC incentives on Base for early deposits. EulerEarn provides a simple and non-custodial way to access risk-managed yield without active rebalancing.
Pendle and Giza launch “Pulse” agent: Giza launched Pulse, a Pendle DeFAI agent that reallocates PT portfolios 24/7, manages maturities, and auto-compounds. The launch pushes automated yield optimization into mainstream markets, filling the $3M cap within 3 hours of launch.

M31 Capital Web3 Index: +6.6%

SQD brings full Solana history online: SQD (Subsquid) announced “Day 0” Solana data availability from genesis, in beta. Richer, faster indexing on SOL lowers dev friction and improves analytics/infra reliability. The team also released upcoming Tokenomics 2.0, tying token value directly with network demand and revenue. Full details to be released in the coming weeks.
Super Protocol announces Google Cloud channel partnership: Super Protocol and Google Cloud struck a channel partnership, building on Super’s earlier entry into Google’s Innovate program. Super also officially joined the CMC Labs incubation program for further development and distribution.
Linea token launches at 10-figure FDV: Consensys’ Linea L2 opened a 90-day claim window for a 9.4Bn LINEA airdrop. The token went live on Wednesday at a ~$1.5Bn market cap with listings across several major centralized exchanges.

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