Sei priceSEI

As of September 13, 2025, the cryptocurrency market is experiencing significant developments across various sectors, reflecting both growth and challenges. Here's an in-depth look at today's key events:

Market Overview

Bitcoin (BTC) is currently trading at $116,071, marking a 0.88% increase from the previous close. Ethereum (ETH) has risen by 4.81% to $4,732.99. XRP (XRP) is up 4.26% at $3.18, Litecoin (LTC) has increased by 3.73% to $120.03, and Cardano (ADA) has surged by 6.22% to $0.948.

Tether Launches USAT Stablecoin

Tether, the issuer of the world's largest stablecoin USDT, has announced the upcoming launch of USAT, a new U.S.-based stablecoin. Scheduled for release by the end of 2025, USAT aims to expand Tether's presence in the American market. The stablecoin will be issued by Anchorage Digital Bank and led by Bo Hines, a former White House official. This initiative aligns with the recent passage of the GENIUS Act, which mandates transparent, asset-backed reserves for stablecoins. Tether intends for USAT to fully comply with this legislation, distinguishing it from USDT, which remains a foreign stablecoin. The custody of USAT will be managed by Cantor Fitzgerald, underscoring Tether's commitment to regulatory compliance and strategic expansion.

Gemini's Successful IPO

Cryptocurrency exchange Gemini Space Station has successfully raised $425 million in its initial public offering (IPO), pricing shares at $28 each. This valuation surpasses the initial price range of $24–$26, reflecting strong investor demand. Approximately 15.2 million shares were sold, valuing the company at $3.33 billion on a non-diluted basis. Despite receiving orders exceeding the available shares by more than 20 times, Gemini capped its IPO proceeds at $425 million. The company, founded by Tyler and Cameron Winklevoss, will begin trading on Nasdaq under the ticker "GEMI." This move signifies the growing integration of cryptocurrency exchanges into mainstream financial markets.

Nasdaq's Push for Tokenized Securities

Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to allow the trading of tokenized securities on its main market. If approved, this initiative would position Nasdaq as the first major U.S. stock exchange to embrace tokenized securities, blending traditional and digital finance. The proposal aligns with the Trump administration's eased crypto regulations and reflects a broader trend of integrating blockchain technology into conventional financial systems. Nasdaq emphasizes that tokenized assets must offer the same material rights as traditional securities to be treated equivalently, ensuring a seamless integration into existing market structures.

Decline in Bitcoin-Hoarding Companies' Shares

Companies that have accumulated significant Bitcoin holdings are experiencing a sharp decline in share prices. Strategy, formerly known as MicroStrategy, saw its shares drop 18% in a month. Other firms like Metaplanet and Smarter Web Company have faced declines of 68% and 70%, respectively. This downturn marks the first major setback in the "crypto treasury" trend, where public companies purchased large quantities of cryptocurrencies to boost valuations. As share prices fall below the value of the crypto assets these companies hold, investor confidence is waning, prompting analysts to warn of a potential shakeout among weaker players.

Bitcoin's Market Position

Bitcoin has demonstrated resilience, trading around $116,071 despite mixed U.S. economic data. Expectations of a 0.25% interest rate cut by the Federal Reserve on September 18 are bolstering positive sentiment around Bitcoin. Analysts suggest that a decisive break above $120,000 is needed to continue the bullish momentum. Additionally, the net outflow of $750 million worth of Bitcoin from exchanges suggests a potential supply crunch that could lead to a short-term price rally.

Standard Chartered's Bitcoin Prediction

Standard Chartered Bank has predicted that Bitcoin will reach $135,000 by the end of September. This forecast is based on substantial inflows from ETFs and Bitcoin treasury companies. The bank's optimistic outlook reflects growing institutional adoption and a favorable regulatory environment under the current administration.

U.S. Strategic Bitcoin Reserve

President Donald Trump has announced the establishment of a Strategic Bitcoin Reserve, funded by the United States Treasury's forfeited Bitcoin. This reserve aims to position the U.S. as the "crypto capital of the world" and support the growth of the digital asset sector. The reserve will be capitalized with Bitcoin already owned by the federal government, estimated to be about 198,000 BTC as of August 2025. This initiative marks a significant shift in the government's approach to cryptocurrency, signaling a commitment to integrating digital assets into national financial strategies.

Conclusion

Today's developments in the cryptocurrency market highlight a dynamic landscape characterized by regulatory advancements, institutional adoption, and market volatility. The launch of Tether's USAT stablecoin, Gemini's successful IPO, and Nasdaq's proposal for tokenized securities reflect the growing integration of digital assets into mainstream finance. However, the decline in shares of Bitcoin-hoarding companies and the establishment of a U.S. Strategic Bitcoin Reserve underscore the complexities and evolving nature of the crypto market. Investors and stakeholders should remain vigilant and informed as the sector continues to mature and adapt to new challenges and opportunities.

Sei is a Layer-1 blockchain designed to revolutionize trading across various sectors, including decentralized finance (DeFi), non-fungible tokens (NFTs), and GameFi. Built on the Cosmos SDK, Sei positions itself as the "Decentralized NASDAQ," aiming to merge the trading experiences of centralized finance (CeFi) with decentralized finance tools. The platform launched its mainnet in August 2023 with a $50 million investment from Bitget.

Key Features of Sei

• Front-running Prevention: Sei employs frequent batch auctioning to prevent front-running. Instead of executing orders one by one, Sei aggregates orders at the end of each block and executes them simultaneously, enhancing efficiency and mitigating the risk of front-running.

• Native Price Oracles: Sei utilizes native price oracles to ensure reliable data feeds, reducing reliance on external sources.

• Single-block Order Execution: The platform introduces a mechanism that allows the placement and execution of an order within a single transaction, streamlining the trading process.

• Order Bundling: Sei bundles orders on multiple levels, enabling market makers and professional traders to optimize gas costs.

• Centralized Limit Order Book (CLOB): Sei introduces the CLOB model, aiming to provide a trading experience similar to centralized exchanges while leveraging the benefits of a decentralized infrastructure.

Bitget's Strategic Investment and Integration

Bitget, a global player in the cryptocurrency realm, has strategically invested $50 million in Sei, setting a new benchmark in the DeFi arena. This collaboration symbolizes a potent synergy, merging expertise and vision to elevate DeFi innovation. Bitget's vast experience and global footprint make it an invaluable ally for Sei, offering insights and mentorship. This alliance promises to turbocharge Sei's trajectory, positioning it as a DeFi frontrunner.

In May 2025, Bitget Wallet, a leading Web3 non-custodial wallet, announced full support for the Sei network. This integration expanded Bitget Wallet's multi-chain capabilities, allowing users globally to access and interact with the Sei ecosystem. With this integration, Bitget Wallet supports native Sei token transfers, in-app trading, and live price tracking. Users can bridge assets from major blockchains like Solana and BNB Chain into Sei through Bitget Wallet's cross-chain infrastructure, which spans over 30 networks. Trading is powered by Super DEX, Bitget Wallet's aggregator connecting liquidity across more than 130 blockchains, allowing users to securely access the Sei ecosystem and interact with other networks from a single wallet interface.

Sei Ecosystem Initiatives

As part of the rollout, Sei Ecosystem Month—a $700,000 initiative—was launched to spotlight applications building on Sei and drive ecosystem engagement. The program included trading competitions, quest-based activities, and new product experiences, all accessible through the Bitget Wallet app.

Following the initial success, Bitget Wallet expanded the Sei Ecosystem Month campaign, introducing a $75,000 rewards pool dedicated to Sei-based gaming applications. This phase featured five interactive projects: Archer Hunter, Dive Diary, Fishwar, Hot Spring, and Kawaii Puzzle. Each project offered unique gameplay and task-based rewards. Users participating through Bitget Wallet could complete specific missions across these applications to earn SEI rewards, with participation tracked through verified wallet interactions.

Market Performance

As of September 14, 2025, Sei (SEI) is trading at $0.343886 USD, with a change of -0.00115 (-0.00333%) from the previous close. The intraday high is $0.356803 USD, and the intraday low is $0.341711 USD.

Conclusion

Sei's innovative approach to blockchain technology, focusing on trading efficiency and security, positions it as a significant player in the DeFi space. The strategic partnership with Bitget and the successful integration into Bitget Wallet have further enhanced Sei's accessibility and user engagement. With ongoing ecosystem initiatives and a growing user base, Sei is poised for continued growth and influence in the blockchain industry.