Everything web3, crypto, defi, degen
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…
In brief Erebor became the first crypto bank to win a conditional federal charter under the Trump administration, and only the second ever after Anchorage Digital. Backed by Palmer Luckey and the firms of Joe Lonsdale and Peter Thiel, Erebor will soon likely join Anchorage in having certain advantages regarding the issuance of stablecoins under…
In brief Sony Bank’s subsidiary Connectia Trust has filed for a national banking charter to issue dollar-pegged stablecoins, maintain reserve assets, and offer digital asset custody and management services. The application joins a growing list of crypto firms seeking OCC charters, including Stripe, Coinbase, Paxos, and Circle. Sony Bank is part of Sony Group’s diverse…
In brief Tether paid $299.5 million to settle Celsius Network bankruptcy claims, far less than the nearly $4.5 billion in Bitcoin originally sought. Celsius claimed that Tether improperly liquidated Bitcoin before its bankruptcy without proper notice; Tether said it acted lawfully. Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison for fraud…
In brief Coinbase and Mastercard are each reportedly negotiating to buy BVNK for up to $2.5 billion. The talks come amid hype surrounding digital assets pegged to the U.S. dollar. Observers say payment and crypto firms now see stablecoins as core infrastructure. Coinbase and Mastercard are reportedly in advanced talks to acquire BVNK, a U.K.-based…
October 9, 2025 | New Features We’re thrilled to announce that Kraken now supports deposits and withdrawals of Tether (USDT) on Aptos! Funding USDT funding via Aptos is already live. You can transfer USDT to your Kraken account by navigating to Funding, selecting USDT and choosing the desired deposit method (network) from the drop-down box:…
In brief Solana DEX aggregator Jupiter has tapped Ethean to launch its own stablecoin. JupUSD is expected to launch in Q4 and will initially be collateralized by USDtb, Ethena’s short-term treasury-backed stablecoin. The total stablecoin market cap has grown by more than 75% in the last year and now sits above $300 billion. Jupiter, a…
In brief YZi Labs, formerly known as Binance Labs, is kickstarting a $1 billion builders fund for those looking to develop long-term on BNB Chain. The fund will support builders in areas like trading, real-world assets, artificial intelligence, DeSCI, and DeFi. The firm is merging its EASY Residency program with BNB Chain’s incubator “MVB” to…
In brief Publicly traded firm CEA Industries said Tuesday that it now holds 480,000 BNB, valued above $600 million. The price of BNB has surged 27% in the last week alone, hitting a new high of $1,330 on Tuesday. Shares of CEA Industries, which trades as BNC on the Nasdaq, rose 8% following the announcement.…
In brief KindlyMD is joining with crypto services provider Antalpha in a strategic partnership. As part of the agreement, KindlyMD’s Nakamoto subsidiary and Antalpha have signed a non-binding letter of intent for the Bitcoin treasury to issue $250 million in convertible debt to Antalpha. KindlyMD will use the convertible notes to expand its Bitcoin Holdings…
