Stablecoins
Stablecoins
WLFI’s stablecoin USD1 surpasses $10B in transfers within 10 days of Binance listing
The stablecoin also reached a new all-time high in weekly trading volume at nearly $7 billion.
Technology
VanEck warns of brief but critical ‘uncertainty window’ for Bitcoin to adapt to quantum threat
Matt Sigel said quantum computing also threats banks and tech platforms, but their centralization make adapting quicker.
Governance
Sui community approves release of $162M in tokens frozen during Cetus hack
The amount was frozen by Sui validators following the May 22 hack, locking most of the tokens stolen in the attack.
Adoption
Meta shareholders reject Bitcoin treasury bid in landslide vote
With fewer than 0.1% of votes cast in favor, the initiative to use part of the $72 billion Meta holds in cash fell short of passage.
ETF
REX pushes ETH and SOL staking ETFs via rare C-Corp as SEC softens stance
James Seyffart highlighted the usage of the C-corporation structure, rarely used in the ETF industry, to sidestep the customary 19b-4 review.
Technology
Ethereum’s Pectra update meets expectations, edges closer to Fusaka
A May 30 report by ethPandaOps shows the 6/9 blob schedule functions as designed, giving client teams room to focus on the Fusaka upgrade.
Adoption
Brazilian Méliuz announces $26M share sale to grow Bitcoin treasury, shares drop 7%
The move is part of a plan announced in March to convert 10% of its gross cash reserves into a Bitcoin treasury.
Politics
Czech Justice Minister resigns after selling $45M Bitcoin gift from convict
Pavel Blažek sold roughly 480 BTC received from Tomáš Jiřikovský, who was arrested in 2016 for running an illicit online marketplace for drugs and medicines.
Sports
Champions League finalist PSG confirms Bitcoin treasury, looks for Web3 builders
A PSG spokesperson revealed that the club's innovation hub is looking for Bitcoin-related entrepreneurs to back.
Legal
SEC files dismissal on Binance lawsuit files after two-year securities showdown
The filing comes three months after the parties asked for a pause, citing that the SEC Crypto Task Force could impact and facilitate the case resolution.
Adoption
Webus International reveals $300M XRP treasury bid to power borderless payments
Webus CEO said XRP-based payments would remove currency-conversion friction for international trips and driver payouts on one of the firm's recent partnerships.
Adoption
Bloomberg analyst foresees Meta as trailblazer in corporate Bitcoin integration
Eric Balchunas remarks followed a call from Strive CEO Matt Cole to Meta CEO Mark Zuckerberg to adopt a Bitcoin treasury strategy.
