Stablecoins
Deals
Wormhole Foundation challenges LayerZero’s $110M Stargate acquisition proposal
Wormhole Foundation contended that LayerZero's bid fails to reflect Stargate's true value.
Derivatives
Hyperliquid achieves record revenue per employee globally at $106M
Hyperliquid has $1.167 billion in estimated annualized revenue, with its CEO reporting 11 people as core contributors.
Politics
Winklevoss twins donate $21M to new crypto PAC targeting 2026 midterms
The PAC advocates for "thoughtful Market Structure legislation" through what Winklevoss describes as a "Skinny Market Structure Bill."
Stablecoins
Fed discusses stablecoins extensively in recent FOMC meeting following GENIUS Act passage
The minutes categorized stablecoins alongside "private liquidity funds" and "offshore MMFs" as alternative investment vehicles that "have grown rapidly."
Analysis
Bitcoin market shows late-cycle patterns as leverage peaks
Despite the similarities, Glassnode noted that each cycle carries unique characteristics that prevent guaranteed temporal patterns.
Payments
Fed Governor Waller says ‘there is nothing scary’ in payments using DeFi rails
Christopher Waller reinforced his DeFi-friendly stance, advocating for market-driven solutions in a recent speech in Wyoming.
Crypto
Pump Fun reclaims Solana memecoin launchpad dominance with 62% revenue share over two weeks
Aggressive buybacks, rumors of a PUMP airdrop, and community coins likely drove Pump.fun's recovery.
Crypto
Brazil to hold first hearing on proposed $19 billion Bitcoin Strategic Reserve
The legislation aims to diversify Brazil's Treasury assets and protect international reserves against exchange rate fluctuations and geopolitical risks.
Regulation
Federal Reserve says US banks should serve crypto without fear of penalties
Federal Reserve Vice Chair Michelle Bowman warns banks risk irrelevance if blockchain bypasses them.
Crypto
Senate Banking Chairman Tim Scott predicts up to 18 Democrats to break ranks on sweeping crypto law
New Senate draft could free tokens from SEC rules if decentralization tests pass
Stablecoins
Circle’s new Gateway promises instant cross-chain USDC transfers that feel like one chain
Billions in USDC liquidity freed as Circle claims to crush cross-chain fragmentation.
Crypto
Crypto venture funding drops 59% to $1.9 billion in Q2, later-stage deals dominate
The shift toward later-stage funding reflects growing market maturity as venture-backed firms achieve product-market fit.
