News linked to both this project and an event.
Odaily News, Strategy Executive Chairman Michael Saylor said at the company's Q2 earnings call that while the company has previously allocated nearly "100% of its funds to Bitcoin," it may adopt a combined strategy of holding both cash and BTC going forward. He stated, "Perhaps the best way to buy the most Bitcoin is not to buy the most Bitcoin immediately."TD Cowen and Benchmark both maintained their Buy ratings on Strategy following the Q2 earnings call. The two firms believe that the core goal of the company's current management has shifted toward bringing its STRC preferred stock price back to near par value, thereby restoring its ability to function as a financing tool.TD Cowen analyst Lance Vitanza said the most important takeaway from the call was management's strong focus on STRC. Company executives repeatedly emphasized that restoring STRC to par value is the core objective, and noted that despite recent price deviations in the security, institutional adoption continues to rise.Benchmark analyst Mark Palmer holds a similar view. He pointed out that Saylor and his team spent most of the 90-minute call focused on the same goal: restoring STRC to the $99–$100 range, making it once again the primary engine for the company to raise capital and purchase Bitcoin.
Cash Cat has announced the launch of its meme coin launchpad, letscash.fun. The project team stated that the platform originated from the community's demand for a fair launch mechanism following the listing of Robinhood Crypto, and was driven by community development.Cash Cat indicated that the platform operates in two modes: In Creator Mode, 70% of tokens go to the creator and 30% to the protocol; in Self-Destruct Mode, similarly, 70% is used to buy and burn tokens. The 30% obtained by the protocol will be used to burn cash-cat:native, increase treasury funds, and support development.The platform is powered by Uniswap v4, employing a permissionless, decentralized mechanism that is immutable after deployment. It is currently undergoing its final security review by Hyacinth Audits and SB Security.
According to CoinDesk, Eddy Zervigon, CEO of quantum computing security infrastructure company Quantum Xchange, stated that cryptocurrencies, due to their decentralized nature, will become the "canary in the coal mine" for quantum computing attacks—that is, the area where vulnerabilities will be exposed first. Latest assessments by Google researchers show that the number of physical qubits required to break Bitcoin's elliptic curve encryption has decreased 20-fold compared to previous estimates, and multiple institutions have brought forward the expected date of "Q-Day" (the day quantum computers can break existing encryption systems) to 2029. Deutsche Digital Assets pointed out that the real risk lies not in the encryption technology itself, but in the speed of governance—Bitcoin upgrades require 90% miner consensus, which has historically triggered hard forks (such as the 2017 SegWit upgrade leading to the birth of Bitcoin Cash), whereas traditional financial institutions only need a board resolution to complete encryption infrastructure migration. Additionally, experts caution that the quantum threat is not a binary event that "arrives suddenly on a certain day"; even if quantum computers require months to crack data, as long as the cracking is completed while the data is still valuable, the threat is established.
According to CoinDesk, the UK government plans to complete the first tokenized sovereign bond issuance tests through HSBC and the London Stock Exchange Group (LSEG) in early 2027, but industry experts point out that on-chain cash settlement issues remain the core obstacle hindering the implementation of the plan. Varun Paul, Global Head of Central Banks and Market Infrastructure at Fireblocks, stated that the project has secured sufficient institutional support, and a change in government (UK Prime Minister changing from Keir Starmer to Andy Burnham) is unlikely to reverse it, and tokenized government bonds are expected to boost market demand given the UK's current debt scale of nearly 3 trillion pounds (approximately 4 trillion USD). Jannah Patchay, Founder of Markets Evolution, pointed out that tokenized bond technology has been validated for nearly seven years since Santander Bank issued the first tokenized sterling corporate bond in 2019, but the absence of on-chain counterparty risk-free settlement assets has remained unresolved. She called on regulators to promote the use of compliant sterling stablecoins to provide an on-chain settlement mechanism. Currently, the global stablecoin market size reaches $300 billion, but TGBP, the largest pound stablecoin by market capitalization, is only worth about $34.2 million, accounting for a negligible proportion.
Odaily reports, perpetual contract DEX Ostium stated that platform trading remains paused following a security incident. User positions remain open but cannot be modified for now, and trading margin funds are still held in the frozen trading smart contract without any movement.Ostium stated that its team is continuously coordinating with relevant authorities, SEAL 911, and multiple security researchers. Updates regarding the resumption of smart contract activities and the timeline for fund recovery will be released subsequently.According to PeckShield monitoring, approximately 24 million USDC from Ostium's public OLP vault was stolen. The attacker subsequently swapped these funds for approximately 12,100 ETH, of which about 10,500 ETH was transferred to Tornado Cash.
According to official Bitget data, the platform-level yield product Cash Plus has exceeded $50 million in Assets Under Management (AUM) within 5 days of launch. Cash Plus provides users with a brand-new stablecoin demand yield service, balancing yield, liquidity, and capital efficiency, allowing users to enjoy daily compound interest during the holding period. The initial phase supports USDT / USDC, enabling 1:1 redemption at any time, real-time fund arrival, and 0 fees with no slippage. The reference annualized yield during the initial launch period is 4% APR, and the actual yield will be dynamically adjusted based on market conditions.
Bitget officially launches the platform-level yield product "Cash Plus", providing users with a brand-new stablecoin flexible yield service, initially supporting USDT / USDC.
According to Odaily, within a week of its launch, Robinhood Chain has processed over 17 million transactions, reached nearly 350,000 addresses, has a protocol TVL of approximately $250 million, and a DEX trading volume exceeding $1 billion. This Arbitrum-powered blockchain recorded a trading volume of $568 million on Wednesday and over $350 million on Thursday, with more than 5.2 million transactions in 24 hours and 213,000 active addresses.Data from DefiLlama shows that Robinhood Chain's 24-hour DEX trading volume is approximately $433 million, ranking fifth among all blockchains and surpassing Hyperliquid. Its TVL has risen to around $94 million within a week, with a stablecoin balance exceeding $260 million. The market cap of Cash Cat has surpassed $180 million, while Robinhood-themed tokens such as Dog In Hood, Hoodrat, and Robinhood Summer have seen gains of hundreds to thousands of percentage points. ARB has risen by 20%, as Robinhood Chain operates on the Arbitrum technology stack and returns 10% of its net protocol revenue to the Arbitrum ecosystem (Decrypt).
According to The Block, Block agreed to pay $45 million to settle with regulators in nearly 50 U.S. states. Regulators alleged that its Cash App exaggerated platform security safeguards, describing it as having fund protection capabilities comparable to traditional banks, but failed to effectively prevent fraud and did not provide adequate customer support and fraud reporting channels.
decentralized privacy protocol hinkal has released an update on a security incident, confirming that an attacker extracted approximately 797,000 USDC from its Ethereum contract through a series of transactions and exchanged it for about 454 ETH. Of this, roughly 410 ETH was subsequently transferred to Tornado Cash, while the remaining approximately 44.67 ETH was bridged to the Bitcoin network via THORChain. hinkal is currently collaborating with an external security team to trace the flow of funds.hinkal stated that the impact of this security incident is limited to the relevant fund pools on the Ethereum chain, and contracts on other chains remain unaffected. However, all contracts have been temporarily suspended for fixes and security verification. All affected users will be fully compensated at a 1:1 ratio, with specific compensation procedures and timelines to be announced in a subsequent update.
according to official sources, that Binance will support cash dividends for Micron (MU) through bStocks.
CryptoQuant suggests Michael Saylor's Strategy should currently pause further Bitcoin purchases and instead prioritize rebuilding its cash reserves, as its dividend obligations have significantly increased, cash reserves have sharply declined, and unrealized losses on Bitcoin are widening.Julio Moreno, Head of Research at CryptoQuant, pointed out that Strategy's preferred stock, STRC, fell to $82.50 last week, a 17.5% discount from its $100 par value, marking its largest historical discount. This pressure stems from the bearish Bitcoin market environment and the company's diminished cash buffer capacity.The report states that Strategy recently repurchased $1.5 billion of its 0% convertible senior notes due 2029, further reducing the cash buffer available to support STRC dividend payments. Meanwhile, the company's cash reserves have declined by 38% since the beginning of 2026.On the other hand, as Strategy issues more STRC to finance Bitcoin purchases, its annualized dividend obligation has risen from approximately $300 million at the start of the year to roughly $1.2 billion currently—a nearly fourfold increase in less than six months. CryptoQuant believes the company should become more selective in its Bitcoin purchases rather than continuing indiscriminate accumulation amid intensifying cash pressures.
U.S. Vice President JD Vance stated in an interview with "CEO Diary" that Trump supports the establishment of a U.S. sovereign wealth fund to hold equity in frontier AI companies. Vance believes that large AI companies should not be allowed to develop into unconstrained monopolies and advocates for mechanisms of state ownership and labor participation, allowing ordinary workers to directly share in the economic dividends brought by AI.In response, Musk publicly replied on X platform, stating that a better solution than the government holding corporate equity is for the Treasury to directly distribute money to the people. Musk said that as AI and robots drive growth, the supply of goods and services will outpace the growth of the money supply, so direct cash payments will not cause inflation. The real challenge in the future will be dealing with "major deflation."The divergence between the two primarily lies in the approach to wealth distribution. Vance favors national participation in production-side revenue distribution, while Musk advocates for directly subsidizing the public on the consumption side, opposing government intervention in corporate ownership structures.
market analysts have pointed out that if Elon Musk's proposed merger between SpaceX and Tesla proceeds, SpaceX may need to issue new shares equivalent to 94% of its current outstanding shares to acquire Tesla, increasing the total share count to approximately 8 billion. However, the financial logic of the transaction faces challenges. Tesla's GAAP net profit over the past 12 months has dropped from $15 billion in 2023 to $3.9 billion. After excluding regulatory credit revenue and Bitcoin gains, its core operating profit stands at only about $2.3 billion.Analysts believe that this transaction may essentially be an attempt to use a high-valuation asset to acquire another similarly overvalued company, leaving significant uncertainty regarding its long-term profitability and cash flow performance. The combined company's valuation could reach $3.4 trillion, with SpaceX estimated at $1.75 trillion and Tesla's current market cap around $1.65 trillion. Musk may be leveraging the high valuation from SpaceX's impending IPO to support Tesla, which is under earnings pressure. (Fortune)
: STRC once fell to $97.11, then rebounded and closed at $98.57. Attention is being paid to Strategy's ability to continue using this preferred security as a financing tool through ATM issuance.After repurchasing $1.5 billion in convertible debt, Strategy's cash reserves dropped to approximately $871 million, only covering about six months of its estimated $1.7 billion annual preferred dividend obligations. Strive's perpetual preferred security SATA remains near its $100 par value, supported by an approximately 13% dividend yield and the company's plan to launch daily dividend payments.
Cash App, the payment application from Block, now allows users to send and receive Circle-issued USDC stablecoins on Ethereum, Solana, Polygon, and Arbitrum. These transfers are currently fee-free. USDC stablecoins received via Cash App are automatically converted into U.S. dollar balances. This feature is not yet available to customers in New York State. Users must complete identity verification and are subject to transaction limits. Block has previously focused primarily on Bitcoin, including the development of mining hardware and the self-custody wallet BitKey. Earlier this year, Jack Dorsey described stablecoins as “moving from one gatekeeper to another,” while acknowledging the growing customer demand.
Block's Cash App is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to sources familiar with the matter, the feature currently covers approximately 25% of users and is expected to reach full 100% availability within this week.The core functionality supports users in depositing and withdrawing via USDC, allowing free transfers of funds between external wallets and Cash App balances, and using stablecoins as a settlement tool for payments rather than as investment products. It currently supports transactions across four blockchain networks, including Solana, Ethereum, Polygon, and Arbitrum. Due to the irreversible nature of on-chain transactions, incorrect addresses or unsupported network transfers may result in permanent loss of funds.Block CEO Jack Dorsey previously stated that despite his longstanding preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)
According to The Defiant, the Ethereum Foundation’s Kohaku Initiative has released an SDK for integrating privacy protocols into Ethereum wallets. A functional 4337 mempool relay supporting private transactions is now available in version v0.0.1-alpha.21 of the kohaku-eth/railgun integration. This SDK aims to integrate shielded-pool protocols—such as Railgun, Tornado Cash, and Privacy Pools—directly into wallet interfaces, reducing reliance on centralized relay infrastructure. Kohaku has also demonstrated a CLI-based wallet and is advancing integration with production-grade wallets like Ambire, while simultaneously developing post-quantum accounts, multisig support, and hardware wallet compatibility.
the deliberation of the "Cryptocurrency Market Structure Act" (i.e., the CLARITY Act) has commenced in the U.S. Senate Banking Committee. As of now:1. An amendment proposed by Senator Mike Rounds to create an AI regulatory sandbox was passed with 15 votes in favor and 9 against, indicating some bipartisan support, despite Senator Elizabeth Warren urging Democratic members to vote against it.2. An amendment proposed by Elizabeth Warren, aimed at "preventing high-risk assets from entering retirement accounts," was rejected with 11 votes in favor and 13 against.3. An amendment previously proposed by Senator Katie Britt of Alabama, which would have allowed certain retirement accounts to invest in pooled investment vehicles, was withdrawn before the vote.It is reported that one of the most contentious amendments comes from Elizabeth Warren, concerning the strengthening of sanctions authority over cryptocurrency mixers. In her remarks, she referenced the U.S.-sanctioned mixing protocol Tornado Cash, stating it has been used to launder over $7 billion for criminal organizations and North Korean hacker groups, including over $450 million in related funds. Warren argued that the current bill does not grant the U.S. Treasury Department sufficient legal authority to isolate or restrict mixer services, potentially creating loopholes in anti-money laundering oversight. In response, Cynthia Lummis countered that the illegal financial activities are already covered in Parts Two and Three of the bill.
Odaily News: Crypto In America journalist Eleanor Terrett posted on X platform, stating that Tornado Cash became the focus of the day's hearing, with lawmakers debating whether the bill provides law enforcement with sufficient tools to combat money laundering.Senator Warren told Kennedy: "This is the Tornado problem... Do you remember Tornado, that mixer? What is Tornado used for? If you're a terrorist, you put your money in!" Republican lawmakers argued that the Clarity Act provides tools to address this issue, while Warren stated the bill is insufficient. Other Democrats joined her in voting to support the inclusion of the amendment. The amendment did not pass.