Stablecoins
Hyperliquid takes on Polymarket with native event markets
Hyperliquid is expanding its HIP-4 outcome contracts into real-world events like inflation data and Fed decisions, putting it in direct competition with Polymarket. The key difference: Hyperliquid handles dispute resolution in-house through its validators, rather than relying on an external oracle like Polymarket's UMA. CoinDesk's Sam Ewen hosts "CoinDesk Daily."
Why is Asia the epicenter of the next digital asset supercycle?
At #ConsensusMiami, Joseph Chee, Executive Chairman of Solana Company, shared a strategic vision for the "Pacific Backbone" and the institutional road to 5 billion users. Key Takeaways: - Utility & Compliance: APAC institutions are prioritizing stable, end-to-end workflows over market speculation. - Institutional Scale: Partnerships with giants like Mirae ($800B AUM) are moving RWA tokenization from theory to massive scale across Korea, Indonesia, and Singapore. - The Talent Moat: With 10M+ annual STEM grads, the region is no longer just a consumer—it is building the next global financial layer.、 - The B2B2C Path: Navigating 21 different jurisdictions requires a regulated, partner-led strategy—the only viable way to achieve true mass adoption. Watch the interview to see how Solana Company is bridging infrastructure and institutional finance across the Pacific.
Bermuda, the small island nation with huge crypto ambitions
The government recently announced it would become the world’s first economy to go fully onchain, a move officials believe will bring its people new opportunities.
StablR freezes USDR and EURR after attacker mints $13.5 million in unbacked tokens
The breach, linked to a 1-of-3 multisig wallet weakness, allowed attackers to compromise a key and mint $13.5 million in unbacked tokens, netting them $2.8 million.
At $322 billion, the stablecoin market value exceeds the FX reserves of 95 nations
The amount of dollars and other fiat currencies held by users outside traditional banking channels now exceeds the official FX reserves of 95 nations.
Crypto rails are becoming the default payment layer for AI agents, report says
A new report from Keyrock says stablecoins on blockchain rails are becoming the go-to payment layer for AI agents as traditional card rails struggle to handle micropayments.
Stablecoins retain the edge over tokenized money market funds, JPMorgan says
The bank said tokenized money market funds account for only about 5% of the broader stablecoin universe despite offering yield.
Crypto Long & Short: Bitcoin-backed loans belong in the cost-of-capital conversation
In this week’s Crypto Long & Short Newsletter, Alec Beckman on why BTC-backed lending is not a crypto story, but a capital efficiency story. Then, Serena Sebastiani on how stablecoins aren’t a crypto product; they’re becoming the settlement infrastructure global finance forgot.
Telegram group at center of Jane Street insider-trading allegations in Terra collapse
Newly unsealed filings detail a private chat dubbed ‘Bryce’s Secret’ that Terraform’s estate says gave Jane Street an informational edge before UST’s collapse.
Despite Trump’s pledge, a CBDC is being explored behind closed doors, says former CTFC chair
Publicly, the U.S. has fiercely opposed a Central Bank Digital Currency, but former CFTC Chairman Timothy Massad said it is inevitable and there will be one sooner or later.
