Crypto market participants have a lot to anticipate this week, with numerous crypto updates expected across different ecosystems.
Traders can strategically adjust their portfolios by trading around the following events.
Dennis Porter Teases Bitcoin Policy Announcement
Dennis Porter, CEO and Co-Founder of the Satoshi Action Fund, claims there will be a significant Bitcoin policy announcement in the US on Tuesday.
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“Major political news for Bitcoin is coming on Tuesday that will alter the course of Bitcoin politics. This will be a pivotal moment,” he posted on X.
It is uncertain whether Dennis Porter’s assertions are genuine or merely for engagement. Nonetheless, the comment sparked a flurry of responses from industry figures.
Crypto influencer Wendy O heightened the intrigue, suggesting that the news could significantly impact the future of crypto and Bitcoin.
In a subsequent update, Porter noted that the announcement would be highly political, potentially laying the groundwork for the US to become the crypto capital globally.
If Porter’s claims prove accurate, the political developments for Bitcoin could spur a positive shift in BTC’s price, potentially pushing the original cryptocurrency beyond the $116,000 mark.
Mantle’s Deal with Bybit Exchange
An official announcement indicated a forthcoming deal between Mantle (MNT) and the Bybit exchange.
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According to a report, the agreement will allow Mantle Network’s token, MNT, to offer exclusive benefits for institutional clients.
Bybit confirmed the announcement on X (Twitter), outlining benefits such as increased leverage, longer loan terms, and enhanced trading and borrowing options.
Although the deal went into effect on September 22, the price of the MNT token has fallen by over 2% in the last 24 hours. As of now, it is trading at $1.62.
Plasma Mainnet and Token Launch
Another crucial crypto news this week is the launch of Plasma’s mainnet and token, scheduled for Thursday, September 25.
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In an official blog post, Plasma announced that its mainnet beta will launch alongside its native token, XPL, establishing itself as the 8th largest blockchain in stablecoin liquidity.
The report suggests that $2 billion in stablecoins will be active on Plasma from day one. Additionally, it plans to deploy capital across over 100 DeFi partners, including Aave, Ethena, Fluid, and Euler.
“The aim is immediate utility: savings that maintain value, deep USD₮ markets, and the lowest USD₮ borrowing rates in the industry,” reads an excerpt from the announcement.
DeFi App’s Season 2 Kaito Yap Concludes
On July 28, DeFi App launched the second season of the Kaito AI Leaderboard. During this time, 100 million HOME tokens were distributed for a 60-day Kaito campaign.
With the campaign set to conclude on September 26, participants have only a few days left to engage and use the app, striving to climb the ranks and secure their HOME tokens.
Web3 influencers are already taking to X (Twitter), sharing screenshots of their Kaito yap scores.
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KaitoAI’s Yaps system utilizes AI to analyze X posts on crypto topics. It rewards quality content with scores that influence leaderboards and eligibility for airdrops.
While top scorers celebrate their achievements, smaller accounts often share self-deprecating content. Amidst this, some users express concerns about potential favoritism toward established voices in the system.
Maker (MKR) to SKY Upgrade
Markets are also keeping an eye on the transformation of Maker’s MKR token to SKY, which features prominently in today’s crypto news.
Sky announced that the 1% MKR to SKY upgrade penalty would take effect today, Monday, September 22.
This follows the approval of the vote to implement the Delayed Upgrade Penalty last week. As detailed in the Sky Atlas, the penalty will escalate by 1% every three months.
Importantly, the Upgrade Penalty will not affect anyone who completed the upgrade before September 22, 2025.
