šŸ” Market Summary

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Visa adding support for four stablecoins on four unique blockchains, as spend quadrupled last quarter

Visa adding support for four stablecoins on four unique blockchains, as spend quadrupled last quarter

In an effort to increase the ways payments can be settled and money moved across the Visa network, the debit and credit card giant plans to support multiple stablecoins."We are adding support for four stablecoins, running on four unique blockchains, representing two currencies, that we can accept an…

OceanPal closes $120 million offering to launch SovereignAI and digital asset treasury in collaboration with NEAR Foundation

OceanPal closes $120 million offering to launch SovereignAI and digital asset treasury in collaboration with NEAR Foundation

Nasdaq-listed shipping company OceanPal Inc. has completed a $120 million private investment in public equity (PIPE) to fund the launch of SovereignAI Services LLC — a wholly owned subsidiary focused on building digital asset and AI infrastructure in collaboration with the NEAR Foundation.Several cr…

MetaMask goes multichain: one account supports EVM, Solana and soon Bitcoin

MetaMask goes multichain: one account supports EVM, Solana and soon Bitcoin

MetaMask announced Monday that it has launched multichain accounts, shifting from a one-account-one-address model to a structure that allows a single account to manage multiple addresses across different blockchain networks.MetaMask, which started out as an Ethereum-only wallet, previously required …

Trump defends pardon of Binance founder Changpeng Zhao: ā€˜Don’t believe I’ve ever met him, but he had a lot of support’

Trump defends pardon of Binance founder Changpeng Zhao: ā€˜Don’t believe I’ve ever met him, but he had a lot of support’

U.S. President Donald Trump addressed his pardon of Changpeng "CZ" Zhao, claiming the former Binance CEO was "persecuted" by the Biden administration."I do pardon a lot of people," Trump told reporters on Thursday afternoon. "He was recommended by a lot of people. Are you talking about the crypto pe…

Hyperliquid Strategies seeks $1 billion raise to expand HYPE treasury

Hyperliquid Strategies seeks $1 billion raise to expand HYPE treasury

Hyperliquid Strategies filed an S-1 statement with the U.S. Securities and Exchange Commission for a public offering to raise up to $1 billion.According to the Wednesday filing, the company plans to offer up to 160 million shares of its common stock for the raise. Chardan Capital Markets is serving …

Exploring TON Strategy’s $558 million treasury company with Exec. Chairman Manuel Stotz

Exploring TON Strategy’s $558 million treasury company with Exec. Chairman Manuel Stotz

Episode 43 of The Crypto Beat was recorded with The Block's Co-Hosts Kelvin Sparks and Tim Copeland, joined by TON Strategy Co. Executive Chairman Manuel Stotz.Listen below, and subscribe to The Crypto Beat on YouTube,Ā Apple,Ā Spotify, Twitch, or wherever you listen to podcasts. Please send feedback …

India, US continue to lead global crypto adoption as stablecoin momentum builds: TRM Labs

India, US continue to lead global crypto adoption as stablecoin momentum builds: TRM Labs

Global cryptocurrency adoption accelerated in 2025, with South Asia emerging as the fastest-growing region and the U.S. cementing its position as the world's largest crypto market by transaction volume, according to a new report from TRM Labs.In the 2025 Crypto Adoption and Stablecoin Usage Report r…

Aave now holds $25 billion in outstanding loans, tightening grip on Ethereum lending as market consolidates

Aave now holds $25 billion in outstanding loans, tightening grip on Ethereum lending as market consolidates

Aave has solidified its position as the dominant lending protocol on Ethereum, now accounting for 82% of all outstanding debt on the network. This market share has grown steadily since 2021, reflecting the platform's ability to attract and retain users across multiple market cycles.The chart below t…

Waller signals Fed’s shift toward embracing crypto, proposes ā€˜skinny master account’ for payment innovators

Waller signals Fed’s shift toward embracing crypto, proposes ā€˜skinny master account’ for payment innovators

Federal Reserve Governor Christopher Waller says the central bank plan is entering a new era and cryptocurrency will "no longer be on the fringes" while rolling out a new prototype to expand central bank services."I wanted to send a message that this is a new era for the Federal Reserve in payments …

SharpLink adds $75 million in Ethereum as treasury holdings rise to nearly 860,000 ETH

SharpLink adds $75 million in Ethereum as treasury holdings rise to nearly 860,000 ETH

Minnesota-based Ethereum digital asset treasury SharpLink Gaming said Tuesday it added 19,271 ETH to its balance sheet, bringing its total holdings to 859,853 ETH.Given Ethereum's recent price slide, the company's total holdings are worth about $3.5 billion, about the same as they reported last mont…

Tether hits 500 million users as stablecoin supply nears $182 billion

Tether hits 500 million users as stablecoin supply nears $182 billion

Tether, the world's largest issuer of USD-pegged stablecoins, said its user base has hit 500 million for the first time."USDT reached officially 500 million users," CEO Paolo Ardoino said in a post to X. "Likely the biggest financial inclusion achievement in history."Total supply for Tether's USDT s…

Spot bitcoin ETFs extend negative streak to four days with $40 million in outflows

Spot bitcoin ETFs extend negative streak to four days with $40 million in outflows

U.S. spot bitcoin exchange-traded funds saw $40.5 million in net outflows on Monday, extending their streak of negative flows to four days.BlackRock's IBIT was the only spot bitcoin ETF to record outflows on Monday, with $100.7 million exiting the fund, according to SoSoValue data. The outflow was p…