Bitpush Daily News Selection: Forbes: Elon Musk becomes the first person in history with a net worth exceeding $500 billions; Strategy bought 42,706 bitcoins in Q3 this year, worth over $5 billions; Sui Group Holdings plans to cooperate with Ethena to launch two stablecoins

Selected Web3 news by Bitpush Editor for you daily:

[Forbes: Elon Musk Becomes the First Person in History with a Net Worth Exceeding $500 Billion]

According to Bitpush, as reported by Forbes: Tesla CEO Elon Musk has become the first person in history with a net worth exceeding $500 billion.

According to Forbes' real-time billionaire tracking system, as of 3:30 p.m. ET on October 1, the world's richest man's net worth has reached $500 billion. Musk became the first billionaire to surpass $400 billion last December, and he is currently $150 billion ahead of the second richest, Larry Ellison, just one step away from becoming the world's first trillionaire.

[Strategy Bought 42,706 Bitcoins Worth Over $5 Billion in Q3 This Year]

Bitpush news, Strategy bought 42,706 bitcoins in the third quarter of 2025, worth over $5 billion.

[Sui Group Holdings Plans to Launch Two Stablecoins in Partnership with Ethena]

Bitpush news, according to The Information on Wednesday, Sui Group Holdings, a Nasdaq-listed digital asset vault based on SUI, plans to launch two stablecoins on a Layer 1 blockchain.

The report states: "The company will launch two stablecoins: suiUSDe, which will provide yield to holders; and USDi, which will not pay yield to holders." "The company is working with stablecoin startup Ethena to issue these two tokens, which are expected to go live by the end of this year."

According to a statement, Sui Group Holdings said last month that after increasing its holdings by about 20 million SUI tokens, the value of its SUI holdings has exceeded $300 million.

[Bullish Obtains New York Department of Financial Services (NYDFS) License, Launches Spot Crypto Trading]

Bitpush news, crypto platform Bullish (BLSH) obtained a BitLicense and money transmitter license from the New York Department of Financial Services (NYDFS) last month and officially launched spot trading in the United States.

Trading is now live in 20 states and regions in the U.S., including California, New York, and Washington, D.C.

Bullish exchange stated that although it is still new to U.S. users, it has been operating internationally since the end of 2021, with cumulative trading volume exceeding $1.5 trillion. The crypto platform owns CoinDesk and was listed on the New York Stock Exchange (NYSE) in August. Currently, the stock is trading at $63.36 per share, 70% higher than its IPO price.

The exchange is dedicated to institutional clients, adopting a hybrid model that combines a central limit order book with automated market making, aiming to maintain stable liquidity and improve trade execution even in volatile environments.

[Matrixport: If Bitcoin Price Stays Above $108,000, "October Rally" Will Continue]

Bitpush news, Matrixport released today's chart stating: "We were decisively bullish in October 2022, late September 2023, and early October 2024. The first two calls were contrary to mainstream market opinion at the time, but were ultimately validated by subsequent price action.

Now, bitcoin is once again entering its historically strongest month, October. Over the past decade, the average October gain has reached 21.6%, with only one year recording a negative return. This pattern shows that the current market environment still favors the bulls.

If bitcoin price remains above $108,000, the market's seasonal advantage is likely to continue."

[Bitcoin Lending Platform Lava Completes $17.5 Million Financing and Launches Dollar Yield Product, Former Visa and Block Executives Participate]

Bitpush news, according to The Block, bitcoin-collateralized lending platform Lava announced it has completed a $17.5 million Series A extension financing and simultaneously launched a new dollar yield product. The round was supported by several angel investors, including Peter Jurdjevic from Qatar Investment Authority and former executives from Visa and Block (formerly Square).