Quick Summary: Chainalysis projects stablecoin transaction volumes will reach $719 trillion by 2035, potentially matching Visa and Mastercard levels by 2039. Chainalysis projects that adjusted transaction volumes for stablecoins could reach $719 trillion by 2035, positioning them as a foundational layer of global finance. Despite facilitating more than $35 trillion in blockchain transactions last year, stablecoins currently represent only a small fraction of worldwide payments activity. That gap, analysts suggest, points to considerable room for expansion in the years ahead.The research firm anticipates that onchain stablecoin payments could match the volumes processed by Visa and Mastercard by 2039. This trajectory…
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Quick Summary: Nunchuk has launched open-source tools enabling AI agents to perform Bitcoin transactions while keeping private keys and spending authority in human hands. Nunchuk, a Bitcoin wallet company, has published open-source software designed to allow artificial intelligence agents to interact with Bitcoin wallets without granting them unrestricted access to user funds. The tools were announced in a blog post on Wednesday and are released under an MIT open-source license. The release includes two code repositories: Nunchuk CLI and Agent Skills for Nunchuk CLI. The move addresses growing concerns about the risks of giving AI systems direct control over cryptocurrency…
Quick Summary: A joint US, UK and Canada enforcement operation froze over $12 million in suspected criminal proceeds tied to approval phishing crypto scams. Law enforcement agencies across three countries have frozen more than $12 million linked to cryptocurrency fraud as part of a coordinated effort known as Operation Atlantic. The operation, which took place in March, was focused on phishing attacks targeting crypto users. Authorities identified over 20,000 victims across the United States, United Kingdom and Canada, according to a statement released Thursday.The operation was coordinated by the UK’s National Crime Agency, the US Secret Service, the Ontario Provincial…
Quick Summary: Binance has integrated prediction markets into Binance Wallet through a connection to Predict.fun on BNB Smart Chain, covering gas costs for users. Binance has introduced a prediction markets feature within its Binance Wallet, allowing users to access and trade on prediction markets without leaving the application. The integration connects the wallet to Predict.fun, a third-party platform operating on the BNB Smart Chain. Binance itself does not operate the markets directly but instead provides users with a gateway to the external service.As part of the integration, Binance covers gas costs associated with transactions, a move intended to reduce friction…
Quick Summary: Galaxy Digital’s Helios data center campus has exceeded a $15 billion valuation as the firm expands into retail finance. Galaxy Digital chief executive Mike Novogratz says his company occupies a leading position in a digital economy that is reaching a new level of maturity. He made the remarks as the firm reported significant growth across several of its core business areas. The comments reflect broader momentum in both digital asset management and artificial intelligence infrastructure.A central element of Galaxy Digital’s expansion is its Helios data center campus, which has surpassed a valuation of $15 billion. Novogratz attributed this…
Quick Summary: A trader lost roughly $3 million after a large leveraged Fartcoin position on Hyperliquid unraveled in thin liquidity, triggering auto-deleveraging. A trader on the decentralized exchange Hyperliquid suffered losses of approximately $3 million after a heavily leveraged position in Fartcoin collapsed under thin market conditions. The position’s unraveling activated the platform’s auto-deleveraging (ADL) mechanism, which redistributed gains to traders holding opposing positions. On-chain data flagged by Lookonchain revealed that the trader had accumulated around 145 million tokens spread across multiple wallets before being liquidated.At least two wallets on the opposing side of the trade each received approximately $849,000…
Quick Summary: Longtime Ethereum developer Joe Schiarizzi is running as a Democratic House candidate in Virginia, positioning himself as a crypto-native critic of the Trump administration. Joe Schiarizzi, a 30-year-old software developer with deep roots in the Ethereum ecosystem, has launched a campaign to represent Virginia’s 7th congressional district as a Democratic House candidate. His announcement, made on a Thursday, comes ahead of November’s midterm elections. If successful, Schiarizzi could become the first crypto developer ever elected to Congress. The district itself may be redrawn later this month pending a statewide ballot measure, which could leave it without an incumbent.Schiarizzi’s…
Quick Summary: The DOJ and CFTC have asked a federal court to stop Arizona from applying state gambling laws to Kalshi’s prediction market contracts. The US Department of Justice and the Commodity Futures Trading Commission have jointly asked a federal court to prevent Arizona from enforcing its state gambling laws against prediction market platform Kalshi. The Wednesday filing contends that event contracts listed on federally regulated platforms qualify as swaps under the Commodity Exchange Act, placing them squarely within the CFTC’s exclusive jurisdiction. The agencies argue that Arizona’s enforcement effort unlawfully intrudes on that federal authority.If the court grants the…
Quick Summary: A heavily leveraged long position on Solana memecoin Fartcoin was forcibly liquidated on Hyperliquid, causing a 50% price crash and $3 million in losses. A large leveraged wager on the Solana-based memecoin Fartcoin has unraveled on the Hyperliquid decentralized exchange, sending the token’s price down by 50 percent and leaving the trader responsible facing losses of approximately $3 million. The position, spread across multiple wallets, was forcibly closed after thin market liquidity amplified the downward move. The episode highlights the risks associated with high-leverage trading in low-liquidity memecoin markets.On-chain data reveal that two primary wallets had accumulated a…
Quick Summary: S&P Global finds only 7% of smaller banks are developing stablecoin frameworks, with no institutions actively piloting the technology. A new report from S&P Global finds that the majority of banks are taking a cautious approach to stablecoins, with adoption efforts remaining limited across the industry. Only 7% of smaller institutions have begun developing frameworks for the technology, and no banks are currently running active pilots of stablecoin capabilities. The findings highlight a sector still grappling with fundamental questions about how digital assets fit into traditional banking.Among the key concerns driving hesitation is the risk of deposit outflows,…
