BREAKING
- The new US GENIUS Act sparks a stablecoin trend: major banks as well as Amazon (AMZN) and Walmart (WMT) plan their own stablecoin and token entry.
MORE
- Donald Trump signs two executive orders: combating debanking and opening the crypto market to 90 million 401k savers.
- Important precedent: the SEC declares liquid staking not to be a securities offering.
- CFTC announces initiative for spot crypto contracts on regulated futures exchanges.
- Paxos applies for a national bank charter in the US; further integration with TradFi expected.
- US Fed ends its "Novel Activities Supervision Program" for crypto banks.
- Fed research suggests revaluing gold reserves to fund a strategic bitcoin reserve.
- The state of Wyoming launches the first US state stablecoin with FRNT, usable across seven blockchains and Visa.
- Corpay and Circle start a partnership for USDC B2B payment infrastructure.
- The popularity of government and corporate crypto reserves continues to rise sharply worldwide.
- Norway's sovereign wealth fund increases its bitcoin holdings to 11,400 BTC and expands its MicroStrategy (MSTR) and Metaplanet positions.
- Michigan pension fund triples its BTC exposure via the Ark Spot Bitcoin ETF (ARKB).
- Harvard University invests $116 million in the iShares Bitcoin Trust (IBIT) – the largest university allocation to BTC.
- A new bitcoin treasury company, AMBTS, is set to be created on Euronext (ENX).
- Coinbase (COIN) completes its $700 million acquisition of Deribit; in parallel, it launches USDC options for BTC & ETH.
- Coinbase (COIN) integrates DEX trading into its app – access to millions of DeFi assets.
- Kraken extends xStocks to TRON – a multi-chain strategy for tokenized equities.
- SkyBridge Capital tokenizes a $300 million fund via Avalanche.
- Block (SQ) presents its modular Proto Rig mining hardware, up to 800 TH/s per unit.
- TRM Labs launches the "Beacon Network" against crypto crime together with leading firms.
- Gemini launches a self-custody smart wallet with an onchain dashboard and gas fee sponsoring.
- Stripe is developing the L1 project Tempo (EVM-compatible) in stealth with Paradigm.
- Uniswap plans a legal DAO structure with DUNI under Wyoming's DUNA.
- SoFi (SOFI) integrates the Bitcoin Lightning Network for international transfers (starting with USA–Mexico).
- Solana (SOL) reaches 100,000 TPS (transactions per second) in a test – more than 25x above "normal" and higher than Visa.
- Circle (CRCL) launches Arc, an EVM L1 for stablecoin finance with USDC as its gas token.
- Ethereum (ETH) reaches a new all-time high at ~$4,935 following the Pectra upgrade.
- The Base app is developing into a memecoin hub, overtaking Solana in token creation.
- eToro (ETOR) grows in ECC trading but misses on EBITDA; expansion into staking and tokenized equities planned.
- DFDV grows revenue by 350% thanks to its validator and staking business, holds >1.4 million SOL.
- SEC postpones its decision on Solana ETFs from Bitwise & 21Shares to October 16.
SPEAKERS’ CORNER
- In the Saturday edition of the WELT podcast "Alles auf Aktien" with Holger Zschäpitz and Nando Sommerfeld, our Managing Director Edgar Heimbach was a guest together with Christian Wieschnewski of our partner Bankhaus Bauer AG. One focus of the conversation was our joint fund, the Bankhaus Bauer x 21 Oaks AI & Blockchain Innovation Fund (WKN A3EKRN).
- In this compelling interview, Edgar explained how blockchain works, discussed possible future application areas and business models, and addressed regulatory questions.
- Well worth a listen: Spotify: https://open.spotify.com/episode/48bZNo9HS3wckwgUFrSzKG?si=ee277ecfae9948d5 Source
- YouTube: https://youtu.be/Fethse09uKk?si=xCq2qTAOkT3jJSk7 Source
Translated from the German original, which is the authoritative version. Read the German version
