Everything web3, crypto, defi, degen
In brief Rumble is working with Tether to incorporate Bitcoin tipping in its video sharing platform. The firm adopted a Bitcoin treasury strategy and purchased its first tranche earlier this year. Shares of Rumble (RUM) fell slightly on Friday, now down more than 45% year-to-date. Publicly traded video sharing platform Rumble is integrating Bitcoin tipping,…
In brief Payments processor Zelle will use stablecoins to expand internationally. Zelle is owned by Bank of America, Capital One, JPMorgan Chase, PNC Bank, Truist, U.S. Bank, and Wells Fargo. The environment for stablecoins has improved following the passage of the U.S. GENIUS Act. Payments processor Zelle’s parent company said Friday that Zelle would start…
In brief Tether unveiled QVAC Genesis I, a 41-billion-token synthetic dataset aimed at training open, STEM-focused AI models. The release includes QVAC Workbench, a local AI app that runs fully on users’ devices for privacy and control. CEO Paolo Ardoino said the goal is to decentralize intelligence and challenge Big Tech’s control of AI data.…
In brief Paxos mistakenly minted 300 trillion PYUSD tokens last week before burning them 24 minutes later in what the company on Wednesday called an “internal technical error” that never left its systems. The Paxos co-founder said “the mistake was entirely ours” and blamed rarely-used manual operational processes designed for “very secure cold minting processes”…
In brief Developer activity is rising again after a post-FTX slump, led by Ethereum, Solana, and zero-knowledge projects. Stablecoin transactions now top $9 trillion annually, showing steady real-world use. Andreessen Horowitz says U.S. regulation is “finally normalizing,” but warns volatility and fraud still threaten progress. The cryptocurrency industry is no longer a niche experiment, but…
In brief Stablecoins now account for 30% of all crypto transaction volume, over $4 trillion in total, according to a new report from TRM Labs. The stablecoin market has remained both highly consolidated and US-dollar-centric. TRM Labs told Decrypt that “interest will continue to surge” in stablecoins. The big winner in the crypto world over…
CRYPTO BOUNCES BACK, ALTCOINS BELOW FTX LEVELS, CPI THIS WEEKCrypto Bounces After Hitting Extreme Fear Sentiment. Spot Btc Etf Suffer Ath Weekly Outflows. Revived Btc Supply Hits Highest Since January. Tough to Be Bullish With Btc Below $112k: Ansem. Top 50 Altcoins Below Level After Ftx Crash. Bitmine Has Bought $1.5b Eth Since Crash. New…
In brief Governments are balancing modernization against monetary control, testing how far private stablecoin infrastructure can integrate into national systems. The region is moving from policymaking to real-world rollouts, with Japan’s banks leading institutional pilots and Singapore setting a regulatory benchmark. Competing models are emerging: bank-issued domestic coins, open but regulated innovation hubs, and conservative…
In brief Stablecoin behemoth Tether donated $250,000 to OpenSats this week, prompting Jack Dorsey to criticize the amount of the gift. Dorsey highlighted his own $21 million donation and drew mixed reactions from the Bitcoin community. Udi Wertheimer later called out Dorsey over his investment in Ocean, a Bitcoin mining pool that has attracted controversy.…
In brief Visa reports stablecoins have originated $670 billion in lending over five years, with average loan sizes rising from $76,000 to $121,000. USDC and USDT dominate stablecoin lending, mirroring their share of the $307 billion total stablecoin market. The IMF warns that stablecoin growth could lead to excessive risk-taking and financial system vulnerabilities. Payments…
