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The Daily: Ripple, Circle and BitGo win conditional approval for US banking charters, Hex Trust to issue and custody wrapped XRP, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Jump Crypto’s Firedancer hits Solana mainnet as the network aims to unlock 1 million TPS
Firedancer could boost client diversity on Solana, which historically has been dominated by forks of Solana Labs' ori…
Most Influential: Jesse Pollak
Base, the layer-2 network incubated by Coinbase, exploded in popularity this year.
Backed, Chainlink Unveil xBridge to Move Tokenized Stocks Between Solana and Ethereum
The bridge uses Chainlink's CCIP to ensure consistent behavior across chains, mirroring the behavior of underlying as…
UAE’s Largest Fuel Retailer Will Accept Stablecoin in 980 Stations in Three Countries
A new deal with Al Maryah Community Bank brings stablecoin payments to the pumps, shops and car washes at ADNOC retai…
Pyth launches token buyback program, allocating 33% of DAO treasury to monthly PYTH purchases
The buybacks are funded by network revenue as Pyth reports rising traction, with its Pyth Pro product surpassing $1M …
Phantom integrates with Kalshi to bring prediction markets to its web3 wallet
The integration adds real-time odds, settlement notifications, and live community chat alongside Phantom's existing t…
YouTube Now Allows U.S. Content Creators to Get Paid in PayPal’s Stablecon: Fortune
YouTube has added PayPal’s dollar-pegged stablecoin as a payout option for U.S. content creators, marking one of PY…
Coinbase-incubated x402 payments protocol built for AIs rolls out V2
x402 V2 is “multi-chain by default” and compatible with “legacy payment rails,” like ACH and card networks.
Bitcoin rewards app Lolli enables Lightning withdrawals
Some users complained that Lolli disabled withdrawals following its acquisition by Bitcoin venture and software devel…
Coinbase Expands Reach of Stablecoin-Based AI Agent Payments Tool
The updated protocol, x402 V2, allows developers to combine payments, enable secure wallet access, and add new featur…
JPMorgan creates Solana-based USCP token to facilitate ‘landmark’ Galaxy debt offering
JPMorgan created the Solana-based USCP token to facilitate sales of short-term corporate debt, beginning with Galaxy.
The Daily: Analysts say ‘Santa rally’ looks unlikely, Rushi Manche unveils new venture, Tom Lee calls ETH bottom, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
El Salvador Partners with Elon Musk’s Grok in AI-Powered Education for 1M Students
The nation that first adopted bitcoin as legal tender is looking to pioneer AI-powered education in 5,000 Salvadoran …
Multicoin joins as lead investor in LI.FI’s $29 million Series A extension round
Launched in 2021, the universal liquidity layer and protocol intermediary has surpassed $60 billion in lifetime trans…
Coinbase taps Chainlink CCIP to expand wrapped assets like cbBTC and cbXRP to new chains
The U.S. crypto exchange chose Chainlink’s cross-chain interoperability standard as the “exclusive bridging solut…
Coinbase Taps Chainlink CCIP as Sole Bridge for $7B in Wrapped Tokens Across Chains
The integration enables users to move these assets across different networks and applications, leveraging Chainlink's…
Klarna furthers Stripe links, tapping Privy to explore potential crypto wallet after Tempo-based stablecoin foray
The initiative remains exploratory, with any product launch dependent on securing required regulatory approvals, the …
After Movement Labs exit, Rushi Manche unveils Nyx Group venture with $100 million plan to back token projects
Manche said the team has already begun investing, and he expects the capital to be deployed over the next few years.
Grayscale’s Bittensor Trust hits public markets days before first halving event
Grayscale's private TAO trust is going public under the ticker symbol GTAO, just days before the Bittensor network's …
Gemini wins CFTC approval for prediction market, may expand into crypto futures, options and perps
Gemini's Designated Contract Market will offer binary event contracts and may expand into other CFTC-regulated deriva…
The Daily: Silk Road bitcoin wallets wake up, SEC Chair Atkins signals quick action on crypto priorities, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Stripe acquires Valora wallet team as it builds out stablecoin services
Stripe has acquired the team behind peer-to-peer mobile payments app startup Valora, though not the app itself.
The Protocol: Stripe’s Tempo Testnet Goes Live
Also: ZKSync Lite to Sunset, Blockstream App Update, Axelar’s AgentFlux
Polychain and Variant-backed ‘neo-brokerage’ Cascade wants to open 24/7 perps trading for any asset class
Cascade raised $15 million in seed funding in a round co-led by Polychain and Variant, with support from Coinbase Ven…
Most Influential: Rushi Manche
The Movement Labs’ co-founder’s secret dealings and subsequent scandal stoked industry-wide anxieties about opaqu…
Helium Expands to Brazil With Mambo WiFi in DePIN Breakthrough
The partnership represents one of Helium’s most significant international expansions so far.
Blockstream Connects Lightning and Liquid for Faster, Private Bitcoin Payments
The new update enables trustless swaps between Lightning and Liquid, removing technical hurdles for fast, self-custod…
Superstate’s new Direct Issuance Programs let public companies raise capital using tokenized stock
Superstate will support onchain Direct Issuance Programs, enabling public firms to raise capital via newly issued tok…
Binance co-CEO Yi He’s WeChat account hacked to promote and profit from memecoin
The hacker spent 19,479 USDT to buy 21.16 million of the tokens, making around $55,000 from the subsequent pump, acco…