Key Takeaways Coinbase Ventures bought ENA as Coinbase and Ethena expand onchain finance products. Ethena products could reach Coinbase’s 100M+ users, boosting USDe and ENA adoption. Coinbase and …
Jason Scott
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Bitcoin
Community Clashes Over Strategy’s First Bitcoin Sale in 4 Years as MSTR Craters 7%
by Jason Scottby Jason ScottKey Takeaways Strategy sold 32 bitcoin for $2.5 million between May 26 and May 31, its first disclosed sale since December 2022. MSTR shares dropped roughly 6% to …
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Bitcoin
Ripple Expands RLUSD Into Turkey as a $200B Crypto Market Signals Bigger Stablecoin Demand
by Jason Scottby Jason ScottKey Takeaways Ripple brought RLUSD to Turkey through Bilira, Bitexen, and Bitlo. Institutions gain regulated dollar access for payments, collateral, liquidity, and tokenization. Regional growth could deepen as …
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Bitcoin
160 National Security Veterans Back CLARITY Act as Senate Crypto Battle Reaches Critical Stage
by Jason Scottby Jason ScottKey Takeaways Former officials urged Senate leaders to support the CLARITY Act’s crypto market rules. Notably, 160 national security, intelligence, and law enforcement veterans signed the letter. Senators …
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Bitcoin
Tether Backs $1M in Gold Rewards as First Gold-Backed Visa Card Goes Live
by Jason Scottby Jason ScottKey Takeaways Tether commits $1M in XAUT to launch the world’s first gold-backed Visa card with Fasset. The card pays up to 6% cashback in XAUT, targeting Fasset’s …
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Bitcoin
Hyperliquid Has Become Wall Street’s Go-to Weekend and After-Hours Perps Venue
by Jason Scottby Jason ScottKey Takeaways The Wall Street Journal claims Hyperliquid is now the go-to weekend perps venue for Wall Street traders. One trader booked a 243% gain on a Saturday …
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Bitcoin
Bitcoin Drops 10% in 3 Days, Falls Below $66K as $500M Liquidation Wave Hits
by Jason Scottby Jason ScottKey Takeaways Bitcoin slid under $66,000 on Wednesday, wiping out its entire April rally and hitting an intraday low of $65,362. Over $1 billion in total crypto positions …
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Bitcoin
Payments Giants Visa, Mastercard, and Stripe Back Stablecoin Platform for Faster Payments – Bitcoin News
by Jason Scottby Jason ScottKey Takeaways Visa, Mastercard, and Stripe are reportedly backing a new joint stablecoin platform, per a June 3 Coindesk report. Visa’s stablecoin settlement pilot has reached $7B in …
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Bitcoin
Aave Says Operations Back to Normal as $300M Backstop Replaces Drained Assets
by Jason Scottby Jason ScottThe Anatomy of the Exploit Decentralized finance ( DeFi) pioneer Aave has successfully restored full liquidity to its lending pools, capping off an aggressive multi-week stabilization effort following …
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Bitcoin
Bank of America Names Adam Dixon Global Head of Digital Asset Transformation
by Jason Scottby Jason ScottKey Takeaways Bank of America named Adam Dixon, a 20-plus-year veteran, to lead digital asset transformation. The London-based role consolidates tokenization and crypto work the bank once kept …
