Circle's dollar-pegged stablecoin hits a new circulation milestone driven by treasury adoption, on-chain settlement demand, and a favorable U.S. regulatory environment.
StablecoinsTether Reshuffles Reserves Toward Longer-Duration TreasuriesUSDT's issuer is extending the maturity profile of its reserve portfolio for the first time in years, signaling confidence that Fed cuts are nearer than the curve implies.
MarketsSolana DEX Volume Crosses $400B in Q2 as Routing Wars Reach New FrontierSpot DEX activity on Solana hit a new quarterly record, but the more important story is the aggregator-versus-router battle reshaping how that volume is captured and monetized.
RegulationSEC Issues Long-Awaited Staking Guidance, Carving a Narrow Safe HarborThe Commission's new framework distinguishes protocol staking from staking-as-a-service, granting clearer status to the former while leaving custodial offerings firmly in scope.
Spot Bitcoin ETFs recorded $480M in net inflows last week, reversing a prolonged outflow streak triggered by macro uncertainty and risk-off positioning.
PaymentsPayPal Activates PYUSD Across 2 Million Merchants in Quiet Stablecoin CoupThe phased rollout brings stablecoin payments to small businesses without ever using the word stablecoin — and could redefine how mainstream merchant adoption actually happens.
BitcoinLightning Network Capacity Hits 8,400 BTC as Custodial Layers ExpandThe headline capacity milestone obscures the more important shift: Lightning is increasingly operating as a backend for custodial wallets and remittance services rather than a peer-to-peer routing network.
The largest update to Aave's protocol in two years bundles cross-chain borrowing, isolated risk pools, and tighter integration with GHO into a release that materially raises the bar for lending protocols.
Six months into the live enforcement phase of MiCA's stablecoin provisions, European regulators are beginning to act — and the early pattern suggests they're more pragmatic than industry feared.
The card network's two-year pilot graduates to broader rollout, letting partner banks settle interchange and acquirer obligations in USDC rather than waiting for batched bank transfers.
The post-halving consolidation that everyone predicted didn't happen the way the models said it would. The structural picture that emerged is more interesting and probably more durable.
The fat margins that stablecoin issuers have enjoyed for two years are getting tighter. The next 12 months will reveal which issuers built durable businesses and which were riding a yield curve.
The institutional arm of Coinbase has spent two years adding services that make it functionally competitive with traditional bank treasury desks for crypto-native and crypto-curious corporates.
Two years after launch, EigenLayer's TVL is up but its operational footprint remains narrow. The protocol is now repositioning around a smaller set of services that can plausibly grow into something durable.
Congress's landmark stablecoin legislation creates a dual federal-state licensing regime, imposes strict reserve requirements, and reshapes the competitive landscape for dollar-pegged digital assets.