Stablecoins
Stablecoins
Citi raises stablecoin market projection to $1.9 trillion by 2030 despite low institutional maturity
The banking giant raised its base case projection from $1.6 trillion in its April 2025 forecast, citing accelerated momentum from regulatory clarity and increased integration of the payment network.
Digital Asset Treasuries
PIPE dreams: Bitcoin treasury companies risk further 55% stock price declines
Without renewed momentum in the crypto market, many companies appear positioned to continue trending toward or below their PIPE prices.
Crypto
Bitcoin faces critical test as on-chain data reveals market exhaustion
This cycle has absorbed $678 billion in net inflows through realized cap growth, nearly 1.8 times larger than the previous cycle.
Analysis
ETFs, RWAs, stablecoins ended traditional four-year cycle and alt seasons
Ownership shifting from retail speculators to long-term institutional allocators marks the "The Great Crypto Rotation."
Culture
South Park’s new episode on prediction markets causes speculation over Polymarket appearance
The episode description said Kyle and Cartman will feud over a betting app that gains popularity among their classmates.
Politics
Democratic Senators demand probe of Trump officials over WLFI UAE deal
One of the investigation topics is the $2 billion investment from a UAE company into World Liberty Financial.
ETF
GSR files 5 crypto ETFs tracking treasury companies, Ethereum staking
The DAT-focused ETF expects to hold approximately 10 to 15 positions, and the four Ethereum-centered funds target different aspects of staking rewards.
Adoption
Bitcoin becomes a macroeconomic asset as countries race to ramp up adoption
A Bitcoin Policy Institute report identified active Bitcoin exposure in 27 countries, while 13 have proposed legislation to gain such exposure.
Stablecoins
Tether seeking up to $20B in new funding round at a valuation of $500B
The deal could position the stablecoin issuer among the world's most valuable private companies, with a total valuation of around $500 billion.
Regulation
CFTC launches initiative to enable stablecoins as derivatives market collateral
The announcement builds on the CFTC's February 2025 Crypto CEO Forum and forms part of the agency's crypto sprint.
ETF
Hashdex files to add SOL, ADA, XRP to crypto index ETF under new SEC standards
Hashdex has filed an application to include major altcoins, including Solana, XRP and Cardano, in its Nasdaq Crypto Index ETF amid new SEC standards.
Legal
FTX Recovery Trust sues Genesis Digital to recover $1.15B in allegedly fraudulent transfers
The trust claimed that Bankman-Fried fraudulently transferred funds through commingled and misappropriated assets from the FTX business.
