Linera, a16z-backed Layer 1 blockchain project founded by former Meta researcher Mathieu Baudet, has announced it is ceasing operations immediately. The team communicated the shutdown via Discord, not a press release, not a formal investor notice, just a message in a community server. It stated that insufficient funding had made
Nu Holdings, the Brazilian fintech behind Nubank, Latin America’s largest digital bank, has launched Nu Global, a multi-currency digital account that automatically converts deposits into Circle‘s USDC and EURC stablecoins. The launch comes alongside a formal entry into the United States market, marking the company’s first move beyond its core
A group of 21 major financial institutions, including Goldman Sachs, Bank of America, Citi and Deutsche Bank, plans to establish a new company to issue a U.S. dollar-denominated stablecoin in the first half of 2027. According to the announcement from the institutions on September 1, they intend to form a
GoMining, a platform for tokenized Bitcoin mining, has launched Instant Funds, a new feature that lets eligible holders use digital miners as collateral to access stablecoin liquidity such as USDT or USDC without selling their miners. The feature is now available to eligible users in supported markets after previously being
OpenPayd, a financial infrastructure provider, has integrated with Circle Payments Network (CPN) to enable near-instant cross-border fiat payments for businesses. The integration uses stablecoin infrastructure for settlement, without requiring businesses to manage blockchain technology directly. This allows businesses using OpenPayd to send and receive fiat currencies, while stablecoins such as
The wallets associated with TRUMP pulled out $3.39 million worth of USDC from liquidity pools on Solana amid a strong rally. According to LookOnChain, the wallets are connected to the TRUMP crew and had been engaging in liquidity on Meteora. The wallets were using a one-sided position, which made it
Binance continues strengthening connections between traditional financial markets and cryptocurrency by distributing stock dividends directly in stablecoins. The exchange recently paid eligible holders of Orchid Island Capital (NYSE: ORC) a $0.50 dividend per share in USDC. It rewards investors who qualified before the July 10, 2026 record date. The distribution
AI will help to foster cryptocurrency adoption by generating demand for programmable digital payments, according to Brian Armstrong. In his X post dated July 26, he contended that AI will make blockchain technology the backbone of finance for autonomous systems. AI agents will buy data, computing power, and digital services
A new and significant hack on a bridge system is just another problem in the string of problems affecting the crypto world this month. AFX Trade, which runs on Arbitrum, lost $24.15 million worth of USDC. Attackers exploited AFX’s bridge, and several blockchain security firms detected the attack almost immediately.
This week, the topic of crypto security became a relevant one because of blockchain researcher ZachXBT’s remarks on the reliability of hardware wallets in relation to self-custody of funds. In fact, his views were in contrast to the current practices and drew attention to the issue of crypto wallets’ protection
