Category: crypto
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Robinhood unveils $1.5B buyback as HOOD drops 39% YTD
Robinhood has approved a $1.5 billion share repurchase program over the next three years. The company aims to return value to shareholders while continuing to build new products. Despite a declining stock price, Robinhood also expanded its credit facility and is focusing on growth in crypto and financial products.
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OpenAI cuts Sora app as wider retreat from video products deepens
OpenAI has started shutting down the Sora app, a consumer video product, and will provide timelines for users soon. The decision to wind down video products was made to shift resources to coding, enterprise tools, robotics, and broader AI goals. The app faced criticism over deepfakes and copyright concerns and did not successfully close a…
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FSB says dollar stablecoins strain emerging economies
The Financial Stability Board has expressed concerns about the proliferation of foreign currency stablecoins in emerging markets. Dollar stablecoins can weaken payments, monetary policy, and capital controls in these economies. Regulators need to monitor the sector for risks related to liquidity and operational issues. The FSB also highlighted gaps in applying global oversight frameworks for…
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Omnes and Apex tokenize Bitcoin mining note on base
Omnes and Apex Group are launching a tokenized debt note on Base tied to Bitcoin mining activity, targeting professional investors outside the US. The note, OMN, will provide exposure to Bitcoin hashrate without the need to manage hardware or facilities. The product will be issued and managed on Base, Coinbase’s Ethereum layer-2 network.
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Tether locks in Big Four firm for first full USDT audit
Tether has hired a Big Four accounting firm for its first full financial audit of $184 billion USDT reserves, aiming to enhance transparency and institutional trust. With over 550 million users globally, this audit is significant for the digital asset industry and marks a milestone in Tether’s history.
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Why Bernstein thinks Bitcoin’s 40% drawdown is just a confidence wobble
Research firm Bernstein believes that Bitcoin has hit a cycle bottom and maintains its $150,000 year-end price target. They describe the current drawdown as the weakest bear case in Bitcoin’s history, attributing it to a temporary confidence crisis rather than structural issues. The firm highlights institutional flows and a supportive policy environment as key factors…
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Solana foundation debuts developer platform with Mastercard and Western Union
Solana launched the Solana Developer Platform for institutions to build tokenized assets and payment flows. Mastercard, Western Union, and Worldpay are early users. Solana processed a record $650 billion in stablecoin volume in February 2026, becoming the leading chain for stablecoin activity. The platform aims to simplify enterprise blockchain adoption.
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BMO brings tokenized cash and deposits to CME’s 24/7 settlement rails
BMO is launching tokenized cash capabilities on CME Group’s network and Google Cloud Universal Ledger, allowing clients to convert dollars for margin, collateral, and B2B payments 24/7. This initiative makes BMO the first bank to deploy CME’s tokenized cash solution on the platform, pending regulatory approval.
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Balaji’s viral post says Singapore-style order makes libertarianism work
Balaji Srinivasan’s post on X argues that libertarianism can only succeed with a Lee Kuan Yew-style order, using Singapore as an example to connect his ideas on crypto, network states, and U.S. debt. Srinivasan’s political philosophy emphasizes the need for order, borders, and pragmatism to support libertarian principles, drawing significant engagement and discussion.
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Circle’s 16‑wallet USDC freeze revives centralization and blacklist debate
Circle froze USDC balances in 16 business hot wallets linked to exchanges, casinos, and forex platforms due to a sealed U.S. civil case. On-chain investigator ZachXBT criticized Circle’s decision, raising concerns about centralized stablecoin censorship. This incident highlights the potential risks of using centralized stablecoins like USDC despite increasing institutional adoption.