Stablecoins

Michael Saylor has published a detailed critique of Bitcoin's BIP-110 proposal, arguing that the soft fork threatens the network's neutrality. He contends that using consensus to curb 'spam' like Ordinals creates a precedent for future censorship of legitimate data types.

SBI Holdings is transitioning its blockchain strategy from Corda to Solana to drive RWA tokenization and stablecoin development. This move aims to position Japan as a central hub for onchain finance in the Asian market.

The United States and United Kingdom are working to align regulatory frameworks for tokenized finance. This initiative aims to integrate blockchain-based products into mainstream capital markets by reducing cross-border friction.

Swift is rolling out a new shared blockchain ledger to support 24/7 cross-border payments for 17 leading global banks. This initiative aims to integrate tokenized deposits and stablecoins into existing financial infrastructure.

Circle and Nomura are planning a partnership to facilitate near-instant FX settlement for Japanese corporations using USDC. This development occurs amidst a broader shift in Japan's regulatory framework toward more favorable tax treatments and standardized financial oversight for digital assets.

Major US banks are building a shared blockchain-based network for tokenized deposits to counter the threat of stablecoins. The project aims to provide crypto-like payment efficiencies while keeping deposits within the traditional banking system.

Paxos has achieved a major regulatory milestone by becoming the first "blockchain-native" firm registered with the SEC as a clearing agency. This approval is set to accelerate the integration of blockchain technology into traditional U.S. securities settlement and financial markets.

Bitwise is promoting Hyperliquid as a critical piece of financial infrastructure, leveraging its HYPE ETF products to attract institutional capital. The firm argues that Hyperliquid's strong tokenomics and growth in perpetual futures position it well for mainstream adoption despite regulatory challenges.

PCT Litigation Trust has filed a major lawsuit against Swan Bitcoin, accusing the firm of using inside information to shield assets worth nearly $1 billion during the collapse of Prime Trust. The suit claims that Swan was able to transfer significant crypto holdings, including BTC and XRP, just prior to the bankruptcy filing, thereby minimizing potential losses for itself.

Circle is launching the Arc blockchain to transition from a stablecoin issuer to a broader financial infrastructure provider. The project's $3 billion valuation reflects significant interest from major institutional investors like BlackRock and a16z.