Polymarket Is Getting a Big Upgrade—Including Its Own Stablecoin

The U.S. Army parade sponsored by Coinbase drew criticism from crypto influencers like Peter Saddington and Adam Cochran. Some crypto users believe the sponsorship contradicts Coinbase's apolitical stance and goes against Bitcoin's purported anti-war principles.

Bybit has introduced a new Solana-based exchange, Byreal, which will combine centralized and decentralized liquidity sources for trading. The platform aims to offer a hybrid model to merge liquidity and execution methods, along with additional features like Revive Vault and Reset Launch for Solana assets.

S&P Global analysts emphasize that Circle's IPO and rising stock price have no impact on the stability of its USDC stablecoin. Uncertainty arises regarding the fate of USDC reserves if the publicly traded issuer were to face bankruptcy.

Greg Cipolaro, global head of research at NYDIG, warns companies about stockpiling alternative cryptocurrencies for their treasuries, emphasizing the uncertainty of their long-term value and utility compared to Bitcoin's established reputation as "digital gold." He highlights the risks associated with strategic acquisitions of digital assets and the importance of understanding the underlying purpose of each token.

Cantor has set price targets for DeFi Development, Sol Strategies, and Upexi, believing Solana's technology surpasses Ethereum's. The report suggests using Solana as a treasury asset over Ether due to its potential growth.

WhiteBIT's token (WBT) hit a new all-time high of $52.27, up over 30% on the day, after sponsoring Juventus. With a $7.45 billion market cap, WBT now ranks among the top 25 crypto assets.

Strategy, formerly MicroStrategy, purchased $1.08 billion in Bitcoin last week, acquiring 10,100 BTC at an average price of $104,080 per token. This marked the company's largest buy in over a month, bringing their total Bitcoin holdings to 592,100 BTC worth over $64 billion.

CoinShares filed for a Solana exchange-traded fund, tracking SOL's price on Nasdaq. Seven issuers also revised their ETF applications for staking SOL, increasing chances of approval.

Traditional assets experienced significant volatility last week due to escalating tensions between Israel and Iran, with the S&P 500 and Nasdaq Composite dropping. In contrast, the cryptocurrency market showed resilience, with Bitcoin climbing despite geopolitical turmoil.

Tron, founded by Justin Sun, plans to debut on Nasdaq through a reverse merger with theme-park merchandise company SRM Entertainment, the Financial Times reported. Dominari Securities, linked to Trump's sons, is facilitating the deal involving the eighth largest cryptocurrency by market value.