Crypto exchange Binance reduced its Ethereum holdings by over 30% in September, moving $130 million from ETH to Bitcoin. This move comes after a previous sell-off earlier in June, potentially reflecting market rebalancing or profit-taking. Meanwhile, HashKey Group announced plans to launch Asia’s largest multi-currency DAT fund with $500 million in capital. The fund aims to boost adoption of Ethereum and Bitcoin within the Asian ecosystem. Ethena Labs hinted at joining the USDH stablecoin issuance race, aiming to leverage its USDe experience. The company seeks to compete for Hyperliquid’s USDH issuance rights which could further contribute to the $280 billion stablecoin market.