KC 157: ETH Breaks Record, Stablecoins Take Center Stage, Bitcoin Scarcity Shine

“The future belongs to those who prepare for it today.” — Malcolm X

Ahlan wa sahlan! Welcome to the latest edition of Kalam Crypto, your trusted source for crisp, insightful updates on everything crypto across the globe and the MENA region. This week, Ethereum shattered its previous all-time high, proving institutional demand and ETF inflows are stronger than ever. Meanwhile, stablecoins are in the spotlight — with South Korea preparing a regulatory framework, and MetaMask announcing its own USD-backed token. And if you thought owning 1 Bitcoin was common — think again. Only 0.27% of the world’s population can ever hold a full BTC, underscoring Bitcoin’s scarcity.

All this and more in this week’s Kalam Crypto! Let’s dive in👇

Global News 🌍

MetaMask to Launch Wallet-Native Stablecoin (mUSD) MetaMask will roll out MetaMask USD (mUSD), a fully dollar-backed stablecoin launching on Ethereum and Consensys’ Linea network in late 2025. Integrated directly into the wallet for swaps, bridging, and DeFi, mUSD will also be spendable through a planned MetaMask Card with Mastercard, aiming to simplify onboarding and everyday Web3 use.

South Korea to Propose Stablecoin Bill in October South Korea’s Financial Services Commission (FSC) will introduce a bill in October to establish a regulatory framework for won-backed stablecoins, covering issuance, collateral management, and internal controls. The move, part of the Virtual Asset User Protection Act, aims to reduce reliance on dollar-pegged stablecoins and strengthen local digital finance. Major Korean banks are already collaborating on a won-based stablecoin, expected by late 2025 or early 2026.

Ethereum Breaks Record, Surges Past $4,870 on Fed Dovish Shift Ethereum hit a new all-time high above $4,870, climbing over 250% since April, fueled by renewed ETF inflows and the Federal Reserve’s dovish stance signaling a possible September rate cut. U.S.-based Ether ETFs now manage $12B+ in assets, while corporate treasuries have accumulated nearly $30B in ETH, strengthening its position as a utility-rich reserve asset. 

Keep an eye on 👀

Only 0.27% of the world’s population can ever hold 1 full Bitcoin. With Bitcoin’s fixed supply of 21 million, scarcity is built into its design — making even a fraction valuable. The good news: you don’t need a whole Bitcoin to start. With CoinMENA, you can begin investing with as little as $10. 🚀

Post Of The Week 🐥

Bitcoin now represents about 1.7% of global money, with a market cap near $2.3 trillion, according to River’s analysis of global M2 supply and hard assets like gold. This milestone highlights Bitcoin’s rapid growth in just 16 years.

CoinMENA News 🗞️

Smoother Trades, Exclusive Offers!

Your security and trading experience just got an upgrade! We've integrated Travel Rule automation with Ospree for safer, smoother transactions.

To celebrate our recent app revamp, we’re also bringing back your favorite limited-time offers. Open the CoinMENA app now to trade, refer, and earn!

Quiz Corner ✅ 

Last week’s question: Which financial giant's spot Ethereum ETF is leading the market in inflows?

The correct answer is: C) BlackRock

This week’s question is: What percentage of the world’s population can ever own 1 full Bitcoin?

A) 0.27%

B) 1%

C) 5%

See the answer in next week’s newsletter. Or check out our learning platform https://university.coinmena.com/