Crypto Market Review: Main Events of the Morning of September 15
Date: 2025-09-15 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Cryptocurrencies with large capitalization started the week in different directions. According to TradingView, Bitcoin is trading at $116,008 on the morning of September 15, with its daily range from $114,903 to $116,181. Ethereum is showing a price of $4,655. Among the leaders in growth over the day, BNB stands out (+0.50%), and over the week, Solana stands out with an impressive result of +17.06%. Cardano was in the minus by 1.73% over the past 24 hours. In the top 100, Flare showed the best performance (+8.86% over the day), while Zcash lost 4.26%.
The main news was the assignment of Native Markets to the USDH ticker in the Hyperliquid network. The company received the support of most validators and bypassed such competitors as Paxos, BitGo, Ethena and Frax. The launch of the stablecoin will be staged: testing of issues and redemptions, adding the USDH/USDC pair and gradually lifting restrictions. The reserves will be secured by US Treasury bonds and cash equivalents, the management of which will be shared by BlackRock and Superstate. The profit from the reserves is planned to be used for the buyback of HYPE and the promotion of USDH. Thus, the new token can compete with USDC, whose reserves on Hyperliquid reach $6 billion.
It was not without problems: the bitcoin stablecoin YU, issued by the Yala project, lost its peg to the dollar after an attack on the protocol. The price at the moment fell to $0.2046. The developers assured that user assets are protected: BTC remains under self-custodial management or in secure storage. To minimize risks, the Convert and Bridge functions were temporarily disabled.
According to Lookonchain, the attacker generated 120 million YU in the Polygon network and exchanged part of the tokens for 7.7 million USDC via Ethereum and Solana. Part of the funds were transferred to 1,501 ETH, and the rest was distributed among wallets. At the same time, only $340 thousand USDC ended up in YU liquidity pools with a capitalization of $119 million, which exacerbated the fall in the rate.
Against the backdrop of these events, the stablecoin market continues to grow, whose total capitalization has come close to $300 billion, according to CoinMarketCap, CoinGecko and DefiLlama.
Another important topic was that Capital Group, one of the largest investment funds in the US, managed to increase $1 billion to $6 billion by betting on companies with bitcoin reserves. The main driver of profit was a stake in Strategy (formerly MicroStrategy), which has grown by more than 2200% over the past five years. Metaplanet from Japan and mining Mara Holdings also brought in significant income. The fund considers bitcoin as a commodity asset comparable to gold or oil, and evaluates companies with BTC on their balance sheet by analogy with resource corporations. Today, corporate reserves exceed 1 million BTC, and players like Strategy and Metaplanet are shaping a new trend in the market.
