Wells Fargo signals deeper push into crypto, filing trademark for WFUSD
The move mirrors JPMorgan’s similar trademark filing that foreshadowed the bank’s introduction of tokenized deposits on Ethereum layer-2 network Base.
Finance
European Central Bank unveils tokenized finance plan to bolster EU’s financial autonomy
The Appia roadmap for a euro-based tokenized financial system is part of the European Union’s push to reduce reliance on foreign financial infrastructure.
DeFi lending platform Aave sees a rare $27 million liquidations after a price glitch
The blockchain data flagged shows a spike in liquidations over the past 24 hours. Some observers believe the event may have been linked to a price update in an risk-oracle system that Aave uses to determine the value of collateral.
Ex-Lehman Brothers executive warns 2008-style market crisis signals are flashing
A former executive at Lehman Brothers has warned that several market signals resemble the early stages of the 2008 global … Continue reading
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Josh Swihart’s Zcash Open Development Lab raises $25 million in seed funding
The capital will be used to expand development of the Zcash (ZEC) protocol and its privacy-focused self-custodial mobile wallet, Zodl.
Global insurance broker Aon tests stablecoin payments with Coinbase, Paxos
The firm used USDC on Ethereum and PayPal USD on Solana for insurance premium payments, testing how stablecoins could reshape settlements.
‘Mini crypto winter’ nearly over, says Tom Lee as Bitmine ramps up pace of ether acquisition
The company now holds more than 4.5 million ETH, worth over $9 billion, though it is sitting on a loss of nearly $8 billion.
Bitcoin purist Jack Dorsey says that his firm is reluctantly giving in to stablecoin craze
The shift comes as stablecoins surge in popularity and competitors like Stripe and PayPal add stablecoin options, increasing market pressure.
Kalshi, Polymarket seeking $20 billion valuations in fundraising talks: WSJ
Kalshi, approved by the Commodity Futures Trading Commission, was last valued at $11 billion, while Polymarket was valued at $9 billion.
Circle moves $68 million in just 30 minutes by using its own stablecoin for internal payments
The stablecoin issuer used its Mint platform for intercompany transfers, replacing bank wires that often take days to settle, CEO Jeremy Allaire said.