Hello Magicians,
New rewards just dropped: our 970,000 $SQR Liquidity Mining round on Merkl is live.
👉 Start earning now: https://app.merkl.xyz/opportunities/bsc/CLAMM/0xd5a79aB649E0a5F20e995026d034a0bF28B8aACa
Meanwhile, gold flirts with fresh highs, Coinbase goes toe-to-toe with the banks on stablecoin rewards, and YouTube cuts a multimillion-dollar settlement with Trump. Let’s dive in.
Crypto Market Recap
Gold Stays Near Record as Shutdown Jitters Mount
Gold hovered around $3,870/oz, brushing new records as traders priced in a near-certain Fed cut and fretted over a potential U.S. government shutdown that could delay key data. Momentum remains bullish on higher-timeframe RSIs, with $3,900–$4,000 the next magnet, though a sharp intraday pullback flagged risk of a consolidation toward $3,800 before any push higher.
Coinbase vs. Banks Over Stablecoin Rewards
From Capitol Hill, Coinbase CEO Brian Armstrong urged senators not to ban stablecoin rewards, arguing big banks are protecting their monopoly. With the CLARITY/DAMS bills advancing after the GENIUS Act carved out space for rewards (not interest), Armstrong says clearer rules are inevitable and consumer choice should win.
YouTube Pays $24.5M to Settle Trump Suspension Case
YouTube agreed to a $24.5M settlement to end Trump’s 2021 account-suspension lawsuit, joining Meta ($25M) and X (~$10M) in closing the book. The deal includes no admission of wrongdoing; most funds are reportedly earmarked for civic projects, while platforms continue reinstating accounts under updated policies.
Web3 Apps You Should Know About
- Depinhouse (Marketplace): Independent online shop dedicated to decentralized physical infrastructure networks (DePIN) https://magicsquare.io/store/app/depinhouse
- KebApp (Utilities): Web3 food discovery & ordering app https://magicsquare.io/store/app/kebapp
Magic Board
The Magic Board is stacked this week, from tagging friends to join Magic, to quizzes, memes, and even a Magic Farm recipe thread.
Knock out a few, bank Karma, and climb the leaderboard 👉 https://magicsquare.io/store/magic-board
Hot Offer Shoutout
Tba.
What’s New at Magic Square
1. $STABUL Magic Farm (Extended 45 Days)
More time to grow. More rewards to claim.
- Pool: 12,890 in $STABUL
- Cooldown: 3 days to unstake
- Rewards: liquid, claim anytime
Stake here: https://magicsquare.io/staking/farms/stabull-finance
2. 970,000 $SQR Liquidity Mining (Merkl)
Provide liquidity to SQR/USDT (BNB Chain) and earn via Merkl.
- Duration: Sept 29 - Oct 29
- Total Rewards: 970,000 $SQR
Join early for higher share: https://app.merkl.xyz/opportunities/bsc/CLAMM/0xd5a79aB649E0a5F20e995026d034a0bF28B8aACa
Meme Break
Buy low, sell ATH? Cute. Buy ATH, sell ATHer.
That’s a wrap for this week.
Questions or alpha to share? Ask Mystic AI or jump into the chat: Discord | Telegram
Stake smart, stay safe, and keep it Magical.
- The Magic Square Team
