⚡️ $USDe Goes Binance-Time

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Justin Sun really just did that? After 3 years, the most controversial stablecoin in crypto, USDD, just landed on Ethereum.

And now... they’re launching an airdrop, a 12% APY product, and a “savings” token, all while being graded F in stability and backed mostly by TRX. What could possibly go wrong?

Here’s what we got for you today:

• 👀 Is $WLFI the most dangerous coin?

• ⭐ OpenSea’s final push before $SEA launch

• ⭐ Justin Sun’s $USDD with 12% airdrops

• 🔥 Burning hot takes for the road

A token founded by Trump’s sons.
A project that blacklists whales (poor our Justin Sun).
A chart that spikes every time Trump posts a meme.

And now... it's mirroring DJT stock almost candle for candle.

This is World Liberty Financial ($WLFI.X ( ▼ 7.7% ) ), a political weapon disguised as a token. Here’s what no one’s telling you, and why some traders think this could be the DJT of crypto:

🚢 OPENSEA FINAL PUSH BEFORE $SEA TOKEN DROPS

Big day for OpenSea users. They just launched a $1M NFT vault, kicked off the final Pre-TGE rewards, and teased the full $SEA.X ( 0.0% )  token rollout coming in October.

What just dropped:

• OS Mobile → a new AI-powered mobile trading app

• Flagship Collection → OpenSea’s official NFT vault to preserve Web3 culture (first buy: CryptoPunk #5273)

• Voyages + Daily Rewards → log in, trade, explore, and earn

• Final Pre-TGE Rewards → the last campaign before $SEA goes live

• $SEA.X ( 0.0% ) Token TGE details → coming early October

Starting Sep 15, 50% of platform fees (1% from NFTs, 0.85% from tokens) will fund the rewards pool. Vault’s already preloaded with $1M in $OP.X ( ▼ 1.6% ) and $ARB.X ( ▼ 0.38% ) .

Everyone who logs into the Rewards Portal next week will get a Starter Treasure Chest.

From there, you can upgrade your chest by:

• Trading on 22 supported chains

• Completing daily Voyages

• Earning surprise Shipments

Each chest holds Treasure from tier 1–12. The higher your chest level → the rarer the loot.
And yes, there’s a chance to pull rare rewards like a Pudgy Penguin or even a Bored Ape👀

If you’ve been doing Voyages, your XP will convert into Treasure chests (also tiered 1–12) and they’ll drop on Sep 15 too.

OpenSea also confirmed: At the $SEA TGE in October, they'll airdrop tokens based on your on-chain activity history → separate from this rewards campaign.

So if you’ve been active on OpenSea for a while... this might pay off twice.

Anyone here grinding Voyages? How much gas have you burned on OpenSea already? 😅

🧨 JUSTIN SUN’S USDD ON ETHEREUM WITH 12% AIRDROPS

After 3+ years of being stuck on TRON, USDD, Justin Sun’s algorithmic stablecoin, has finally landed on Ethereum.

No more TRON-only limitation. A new feature called Peg Stability Module (PSM) lets users mint/swap USDD ↔ USDT/USDC with near-zero slippage.

Launch also includes a community airdrop campaign for Ethereum users starting Sept 9.

$USDD.X ( ▲ 0.01% ) will soon launch sUSDD, a savings version that pays out interest when you deposit USDD.

How does USDD work?

• USDD was launched in May 2022 on TRON, promising high APY (30%), modeled after now-dead projects like UST (Terra) and USN (NEAR).

• It claims higher decentralization by being backed by TRX, BTC, and USDT, and is managed by the TRON DAO Reserve.

• On Ethereum, the addition of PSM gives it a solid on-ramp for liquidity and stability.

But there are red flags 🚨

In August 2024, the TRON DAO quietly pulled $720M in BTC from its reserve, leaving TRX as the main collateral.

On-chain sleuths also found that USDD and HTX (formerly Huobi) shared Bitcoin wallets → raising serious concerns about fund commingling.

Bluechip, a stablecoin rating agency, has given USDD a grade of “F”, estimating real collateral coverage at just 53% when counting all crypto and stables.

In January 2025, Justin teased USDD 2.0 → promising an even higher APY of 20%, raising more questions than answers.

As of today, USDD’s circulating market cap is around $482M, down sharply from $750M a year ago, a 38% drop.

So despite the Ethereum launch, confidence in USDD has declined. A classic Justin Sun move, bold expansion, but trust? Still up for debate.

WE GOT A NEW OUTFIT, YET SAME FIRE 🔥

Before anything else, thank you. For opening that first issue. For sticking around. For reading, replying, clicking, or just lurking.

The Crypto Fire started as a small experiment. Now 6,200+ of you are here, and growing fast. That means the world to us.

You may have noticed... we’re looking a little hotter today. Because you deserve better.

No, we didn’t get VC funding. No, we didn’t sell out.
And yeah, we just changed the outfit. Here’s our old visual.

The Crypto Fire got a fresh new layout: cleaner headlines, faster skims, spicier memes, and one less reason to miss an airdrop.

We’re still figuring things out. But if you’ve been here since the start, you’ve helped shape this. And if you’re new, welcome to the fire.

Let us know what you think or don’t. We’ll still be here tomorrow, firing off charts, degen plays, and quietly judging holders 👀

🔥 BURNING HOT TAKES FOR THE ROAD

Eric Trump got booted from the board at ALT5 Sigma. Its stock, $ALTS ( ▼ 2.91% ) , dropped nearly 4% right after the news broke. Read more

Ethena x Binance. $USDE.X ( ▼ 0.02% ) goes big-time. 280M+ users and $190B+ in assets now have access. Everyone likes it. Read more

Upbit is jumping into the L2 game with its own blockchain project: GIWA → faster than most chains live today. Read more

A Nasdaq-listed company launched the world’s first $250M Worldcoin treasury. $WLD.X ( ▲ 9.89% ) surged +40% instantly. Read more

No Trump token after all, users can convert their ‘Gems’ directly into Cronos. $CRO.X ( ▲ 1.71% ) spiked +10% just then. Read more

🤡 SPICY MEMES

💌 SHOUTOUT FROM OUR FIRESTARTER

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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.