CRCL Spikes After Circle Brings USDC to New Chain

Phantom, with over 20 million users, has partnered with Kalshi to integrate prediction markets into its wallet app. Users can trade on various topics using Solana tokens or CASH stablecoin, with real-time updates and community chat features available.

A solo Bitcoin miner recently earned 3.13 BTC, valued at around $282,000, with odds of 1 in 30,000. Solo CKPool, the service used, charges a 2% fee for block wins, totaling 5,553 BTC earned by solo miners.

Tether is considering tokenizing its stock to provide liquidity to investors and prevent sales that could hinder its fundraising efforts. The company aims to raise $20 billion at a $500 billion valuation, potentially making it one of the most valuable private companies globally.

The Office of the Comptroller of the Currency has conditionally approved national banking charters for five stablecoin issuers, including Circle's First National Digital Currency Bank and Ripple National Trust Bank. These new entrants are seen as beneficial for consumers, the banking industry, and the economy.

Binance's partnership with Pakistan to tokenize up to $2 billion in assets aims to unlock liquidity and attract foreign investment through blockchain technology. This initiative could lead to tokenizing more government-owned assets on blockchain platforms, as part of Pakistan's push for a formal crypto regulatory framework.

British lawmakers are urging the Bank of England to reconsider proposals that would cap stablecoin holdings for citizens and businesses, with stringent reserve requirements on issuers. The central bank aims to safeguard access to credit as the financial system adapts to digital money.

Netflix has greenlit a comedy about an ex-couple racing to recover their forgotten crypto wallet password, starring Jennifer Garner. The film's premise reflects real-life crypto crises where lost passwords lock people out of fortunes worth millions.

Strategy's shares have plummeted by over 50% in the last 6 months, prompting the company to establish a $1.44 billion cash reserve for dividend payments during Bitcoin downturns. BitMine, holding $12 billion in ETH, also maintains cash reserves to ensure stability.

Backed Finance has introduced xBridge, a cross-chain bridge developed in collaboration with Chainlink, allowing seamless transfer of tokenized equities between Ethereum and Solana. These xStocks are backed 1:1 by real-world stocks or ETFs, maintaining their behavior onchain through events like stock splits or dividends.

The Polish government reintroduced the Cryptoasset Market Act to align with the EU's MiCA regime, aiming to address national security threats linked to Russia and former Soviet states. Prime Minister Tusk urged President Nawrocki to sign the bill without amendments for tighter crypto supervision.