Today's Top Crypto Headlines:

First U.S. Doge ETF | MYX Airdrop Sybil Attack | Truth Social Adds CRO | Mirror Token Stumbles and more...

Author

King Fatrick Gil Añasco
September 12, 2025

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Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

  1. First U.S. Doge ETF: The Rex-Osprey Doge ETF (DOJE), the first U.S.-based Dogecoin ETF, begins trading Thursday under the Investment Company Act of 1940.

  2. MYX Airdrop Sybil Attack: Bubblemaps uncovered a massive Sybil attack where 100 wallets claimed $170M in MYX tokens during an airdrop.

  3. Truth Social Adds CRO: Trump Media integrated Cronos (CRO) into Truth Social, allowing users to convert in-app gems into tokens.

  4. 💡Feature of the Day - Mirror Token Stumbles: The Black Mirror-inspired token (MIRROR) surged at launch before correcting, now holding a $6M market cap. Backed by Animoca, Solana, and Avalanche, the project features NFTs, AI tools, and licensed branding.


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📰 News Highlights:

First US Doge ETF [Source][Source][Source][Source]

The Rex-Osprey Doge ETF (DOJE), the first U.S.-based Dogecoin exchange-traded fund, is set to begin trading this Thursday.

Its approval under the Investment Company Act of 1940 sets it apart from spot Bitcoin and Ether ETFs, which fall under the Securities Act of 1933.

While Bitcoin and Ether are tied to specific use cases, Dogecoin stands out as a meme-driven asset with primarily speculative value. Still, its $36 billion market cap and community backing make it an attractive candidate for regulated investment.

The ETF marks a milestone for memecoins entering mainstream financial markets, signaling growing institutional acceptance of unconventional digital assets.

Analysts see this as part of a wider trend, with the SEC reviewing proposals for Solana, XRP, and other crypto ETFs.

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MYX Airdrop Sybil Attack [Source][Source]

Bubblemaps has identified what it calls the largest Sybil attack in crypto history, involving roughly 100 wallets that claimed 9.8 million MYX tokens worth $170 million during a recent airdrop.

These wallets were reportedly funded with BNB from OKX within minutes of each other and showed no prior activity before claiming at nearly the same time.

Bubblemaps suggested this coordinated activity undermines the legitimacy of MYX’s token distribution.

MYX Finance defended its campaign, arguing rewards were based on genuine trading and liquidity contributions, but admitted allowing some users to change addresses.

Critics dismissed MYX’s response as vague and suspicious, with Bubblemaps suggesting the explanation could even be AI-generated.

Truth Social Adds CRO [Source][Source][Source]

Trump Media has updated Truth Social’s rewards system, enabling users to convert in-app “gems” into Cronos (CRO) tokens.

The company had previously considered launching its own token but pivoted to integrate CRO, an established cryptocurrency from Crypto.com.

This shift avoids regulatory complications tied to launching a new asset while still offering a crypto-based incentive for platform engagement.

As part of a broader partnership with Crypto.com, Trump Media also acquired 684.4 million CRO tokens, worth about $105 million, for its new digital asset treasury.

These holdings will be staked to generate yield, creating potential revenue streams for the company.

💡 Feature of the Day: 

Mirror Token Stumbles [Source][Source][Source][Source]

The Black Mirror Experience (MIRROR) token, inspired by Netflix’s dystopian series, launched September 8 and quickly doubled in value before correcting.

Created by Banijay Entertainment and Pixelynx, the token debuted on major exchanges including Kraken, Gate.io, and Binance Alpha.

Backed by Avalanche, Solana, and Animoca Brands, the project blends entertainment IP with blockchain, offering features like AI-driven insights and community-driven content. Its market cap stands at $6.03 million, with a fully diluted valuation of $62.5 million.

Despite the hype, analysts warn of volatility, citing past failures like the Squid Game token, which collapsed after a rug pull.

Supporters argue MIRROR remains undervalued and highlight its official licensing and strong partnerships as safeguards against similar failures.

With airdrops, NFTs called “Personas,” and integration of AI assistant Iris, the project aims to expand Black Mirror into an on-chain franchise. Still, its success will hinge on proving sustainability beyond its pop culture appeal.

😂 Crypto Meme of the Day: 

Meme of the day provided by @SeanAlimov

And that’s it for this today.

See you all tomorrow’s edition!


Jonathan Gibson
UseTheBitcoin.com