Category: crypto

Wyoming has introduced the Frontier Stable Token (FRNT), the first stablecoin created by a US government entity. FRNT aims to provide fast, secure, and transparent digital transactions globally, fully backed by US dollars and short-term treasury securities. The token will operate on seven blockchain networks and compete with other stablecoins like USDT and USDC. Regulatory…

Crypto exchange Bullish disclosed using stablecoins in its $1.15 billion IPO, including Ripple’s RLUSD and Trump-affiliated USD1. The tokens were settled on the Solana network, with proceeds transferred to Coinbase for custody. Bullish’s CFO highlighted the benefits of stablecoins for capital management, reflecting growing institutional use of RLUSD and USD1 in the market.

Crypto venture funding dropped 59% in the second quarter to $1.976 billion across 378 deals. Later-stage deals received 52% of total capital. Mining companies saw the largest investment share. US-based companies dominated, with the UK and Japan following. Fundraising remains challenging due to market headwinds and competition. Regulatory clarity could boost US startup activity.

Polkadot is launching Polkadot Capital Group to attract institutional investors and strengthen ties with traditional finance. Co-founder Gavin Wood is returning as CEO to accelerate execution and compete with rivals like Ethereum and Solana. The move aims to address Polkadot’s underperformance and increase its relevance in the market.

Circle has launched Gateway, a cross-chain infrastructure allowing businesses to access USDC balances across multiple blockchains. The system combines smart contracts and off-chain attestation services to create a single USDC balance accessible on various chains. Gateway targets payment service providers, exchanges, custodians, digital wallets, and DeFi trading firms, maintaining non-custodial design principles. The system operates…

Senate Banking Committee Chairman Tim Scott is working to build bipartisan support for comprehensive crypto market structure legislation, with 12 to 18 Democrats expected to back the bill. The legislation aims to establish regulatory frameworks for digital assets, including defining ancillary asset classifications and modernizing disclosure requirements. The proposed legislation would also direct coordination between…

The AI-focused crypto project Qubic is considering mining Dogecoin after completing operations on Monero. Dogecoin, initially a joke, has become a significant player in the crypto market with Elon Musk’s support. Qubic aims to redirect energy-intensive proof-of-work computations towards artificial intelligence applications, using a “useful proof-of-work” system to advance AI research.

Tokenized assets on public blockchains have reached approximately $293 billion, with stablecoins valued at $266.7 billion. The growth of tokenized U.S. Treasuries has been significant, with BlackRock’s BUIDL fund holding the largest share. The use of tokenization in traditional finance operations is increasing, with stablecoins dominating the landscape.

Digital asset investment products had a significant increase in net inflows of $3.75 billion last week, with Ethereum leading the market with $2.87 billion in inflows. BlackRock’s iShares Ethereum fund accounted for a large portion of these inflows. Bitcoin-focused funds saw smaller flows, while XRP and Solana were top altcoin picks.

Japan and South Korea are working to establish regulations for stablecoins as interest in digital currencies increases. Japan is considering a yen-backed stablecoin for cross-border payments and DeFi, led by fintech firm JPYC. South Korea is also preparing legislation for stablecoins to regulate issuance and collateral management, aligning with global trends in crypto regulation.