The way to bet on the crypto industry is changing.
From speculative crypto assets, to companies allocating Bitcoin as reserves, to now betting on "stablecoins as financial infrastructure", the focus of the market is quietly shifting to a more certain direction. As expectations for stablecoin legislation continue to strengthen, stablecoins have become the "next generation opportunity" in the eyes of investors and entrepreneurs: a business engine with lower volatility, higher profits, and easier implementation.
This issue of the Stablecoin Weekly focuses on two key events: Circle successfully listed on the New York Stock Exchange with the code CRCL, which was oversubscribed and backed by capital; Webus, as an industrial company from China, integrated XRP into the cross-border payment system and gained dual recognition from the crypto market and the stock market. This combination of "capital side + application side" shows how the market really buys into the stablecoin track.
For investors, this means that high-quality targets in the crypto industry are emerging; for entrepreneurs, this represents a window of opportunity to "write stablecoins into the backbone of the business."
The total market value of stablecoins reached $249.32b (249.3 billion U.S. dollars), a weekly increase of $1.923b (about $1.923 billion). In terms of market structure, USDT continued to maintain its dominant position, accounting for 62.01%; USDC ranked second, with a market value of $60.56b (about $60.56 billion), accounting for 24.29%.
Top 3 stablecoins with the fastest growth in the week:
Ripple USD (RLUSD): Growth of $72.67M (72.67 million US dollars) (+23.52%)
USDD (USDD): Growth of $54.06M (54.06 million US dollars) (+13.99%)
Sky Dollar (USDS): Growth of $480.1M (480 million US dollars) (+13.67%)
Top three stablecoin networks by market value:
Ripple USD (RLUSD): Growth of $72.67M (72.67 million US dollars) (+23.52%)
USDD (USDD): Growth of $54.06M (54.06 million US dollars) (+13.99%)
Sky Dollar (USDS): Growth of $480.1M (480 million US dollars) (+13.67%)
Top three stablecoin networks by market value:
Ethereum: $124.198b (US$124.2 billion)
Tron: $77.202b (US$77.2 billion)
Solana: $11.159b (US$11.2 billion)
Top 3 fastest growing networks in week:
Unichain: +19.85% (USDC accounts for 51.40%)
Algorand: +12.40% (USDC accounts for 95.80%)
Avalanche: +10.47% (USDC accounts for 43.49%)
Data from defillama
Coinbase is not satisfied with being an exchange, but wants to become the owner of the entire crypto financial stack - from stablecoins, basic chains, to compliance and data analysis infrastructure - all packaged in its own system without exception.
According to CEO Brian Armstrong, Coinbase is actively evaluating a series of acquisition opportunities, and the rumored targets - Circle, Securitize, Chainalysis and Alchemy - outline a clear picture: a highly vertically integrated crypto financial giant is taking shape.
On June 5, USDC issuer Circle was listed on the New York Stock Exchange with the stock code CRCL, with a final valuation of US$12.6 billion and raised US$1.1 billion, far exceeding the early estimate of US$6.7 to US$7.2 billion. The IPO was oversubscribed, with ARK Fund and BlackRock subscribing US$150 million and US$60 million respectively, accounting for 35% of the total financing. This phenomenon not only reflects the top capital's bet on Circle, but also further strengthens the market consensus that "stablecoins are the next generation of financial infrastructure."
Circle's listing is an important milestone for the entire crypto industry to mature. As the issuer of USDC, Circle controls about $60 billion in stablecoin circulation, accounting for a quarter of the global stablecoin market (the current market size is about $240 billion). Compared with crypto assets with higher volatility, Circle, with its compliance, transparency and high profit margins in stablecoin business, provides institutional investors with a "low volatility but stable profit" crypto market investment target.
Investors began to notice the high profit margins of the stablecoin business. Tether's full-year profit in 2024 reached an astonishing $14 billion, exceeding heavyweight U.S. stock companies such as Pfizer, Tesla and BlackRock, showing that the cash flow capacity of the stablecoin business has the embryonic form of "blue chip assets." Although Circle is not as profitable as it is, it has more advantages in compliance adaptation and institutional acceptance, making it a "pure investment target" with a higher institutional premium in the field of stablecoins. This also makes it complementary to the exchange platform Coinbase, providing another path for traditional funds to enter the crypto market.
Jon Ma's analysis pointed out that based on the data in the first quarter of 2025, Circle's current valuation corresponds to 13.7 times the enterprise value/gross profit ratio (EV/Gross Profit) and 25.9 times the price-earnings ratio (P/E), both lower than the median of the fintech industry (about 31.4 times), accompanied by an annualized growth rate of 65%, indicating that its valuation is high but still attractive. However, oversubscription and strong narratives also compress the return space for new investors: the internal rate of return (IRR) in the basic scenario drops from 24% to 4.7%, and the optimistic scenario drops from 47% to 23.7%.
In the short term, market enthusiasm may drive the stock price upward, but long-term performance still depends on whether it can continue to achieve growth targets and consolidate its position as a core asset in the industry. If stablecoin regulations can be implemented within the year, it will provide Circle with policy dividends for further expansion and will also accelerate the institutionalization process of the entire track.
In the latest article "How stablecoins become money: Liquidity, sovereignty, and credit", a16z crypto partner Sam Broner pointed out that stablecoins face three major structural challenges, the most critical of which is: how to surpass the current "treasury-backed narrow bank model" and become a "better currency" in the true sense.
The model currently adopted by mainstream stablecoins seems perfect-using short-term US bonds as 100% of the reserve, which is both safe and stable. But Broner warned that if this model is expanded to trillions of dollars on a large scale, it could cause systemic problems.
Stablecoin issuers will become giant buyers in the U.S. debt market, which will be beneficial to the U.S. government financing, but will make it more difficult for other financial institutions to obtain Treasury bonds and may disrupt repo market liquidity. More importantly, this "narrow bank" model will become a killer of credit creation.
When a large amount of funds flow from traditional bank deposits to 100% reserve stablecoins, the pool of funds available for banks to lend will shrink sharply. As a result, mortgage loans, small and medium-sized enterprise financing, and personal credit will become scarcer and more expensive, and the vitality of the entire real economy will be suppressed.
In other words, the more "safe" the stablecoin is, the more "dangerous" economic growth may be.
Broner proposed several solutions. The core idea is to make stablecoins have the ability to support credit creation while maintaining stability. This includes: tokenized deposits are the most direct path - allowing banks to issue stablecoins under the existing partial reserve system, so that users can enjoy on-chain efficiency and banks can continue to lend; expanding the scope of collateral, not limited to short-term government bonds, and incorporating more high-quality liquid assets to reduce the impact on a single market; building an on-chain liquidity circulation mechanism to allow idle reserves to flow back into the credit market through repurchases, CDPs, etc.; drawing on diversified mortgage models, using on-chain assets to achieve a certain degree of monetary expansion.
Broner's core point is that the competitive advantage of stablecoins should not be just "safer dollars", but "better money" - more efficient, programmable, and faster in circulation. This means that stablecoins must evolve from a pure value storage tool to a financial infrastructure that supports dynamic economic growth.
For many years, the large-scale embrace of digital assets by mainstream enterprises has been an unresolved prophecy.
Cobo co-founder and CEO Shenyu accurately predicted in "2023 Review and Outlook: What else needs to be paid attention to after the BTC ETF is passed?" that this vision will soon become a reality as FASB's new accounting rules allow companies to include crypto assets in their balance sheets at fair value at the end of 2024. Since then, crypto assets are no longer symbolic configurations, but assets with clear compliance paths and financial significance.
An early case is Meitu. In 2021, Meitu bought Bitcoin and Ethereum for $100 million, and eventually made a profit of nearly 600 million yuan, 80% of which was used for dividends. At that time, "buying coins for storage" was the starting point of the company's encryption strategy, and it was almost the limit.
Now, a new growth curve is unfolding. Crypto assets have become a tool for companies to improve cash flow efficiency and solve cross-border settlement problems, rather than a simple asset reserve.
Webus International is verifying this path with practical actions. As a Chinese travel company serving global travelers, Webus faces the cross-border settlement problems of slow exchange, high cost, and scattered accounts. By using XRP to build a company treasury, do on-chain clearing, and realize the two-way exchange of fiat currency and XRP, Webus has created an enterprise-level real-time payment network.
Interestingly, Webus did not choose to raise the $300 million by issuing additional shares, but instead used loans and credit lines. This sends a clear signal: management believes that this payment system will bring enough returns to cover all financing costs. It can be said that this is a bet with a full guarantee of return on investment.
The market also gave positive feedback. Webus's stock price rose by about 9% on the day of the announcement, while XRP's price rose slightly, indicating that the capital market is recognizing this corporate strategy of "using crypto assets." From "Bitcoin as digital gold" to "stablecoins as operating engines," companies' crypto strategies are undergoing a structural shift. Companies that integrate stablecoins into cash flow and connect payments and funds will become truly "crypto-native companies." The so-called crypto-native is essentially the company's active use of crypto assets and blockchain technology to solve practical problems. Stablecoins are becoming a key engine connecting financial systems and technical architectures because of their value anchoring and efficient circulation. As more companies integrate stablecoins into their businesses, the market's valuation logic is shifting from "speculative assets" to "growth engines." Companies that truly use stablecoins to improve efficiency are getting valuation premiums because they are not dependent on coin prices and are sustainable.
Quick Overview of Key Points
Stablecoin protocol USDT0 officially launched XAUT0, a DeFi-friendly gold token compatible with Tether’s gold token;
XAUT0 will first be launched on Telegram-associated The Open Network (TON), and is planned to expand to more DeFi-oriented blockchain networks in the third quarter;
USDT0’s Tether-pegged token has reached $1.3 billion in circulation and is currently available on ten DeFi-focused blockchains.
Why it matters
The launch of XAUT0 reflects the ongoing trend in the blockchain industry to introduce physical assets, especially commodities, into the DeFi ecosystem. With inflationary pressures and market volatility, investors are growing demand for blockchain representations of safe-haven assets such as gold. The USDT0 protocol is building cross-chain physical asset liquidity by providing DeFi-compatible asset tokens on different chains, which may bring more traditional assets and liquidity to the DeFi ecosystem and expand the scope of application of blockchain technology in the commodity market.
Quick Overview of Key Points
The Paradigm research team proposed the innovative AMM protocol Orbital, which supports 2, 3 or up to 10,000 stablecoins to be traded simultaneously, extending the concept of centralized liquidity to high-dimensional space;
The protocol designs price boundaries as "tracks" around the $1 equivalent point, allowing traders to trade other stablecoins fairly even if a stablecoin is completely decoupled;
Orbital allows liquidity providers to customize strategies and can deploy funds near the $1 price point for maximum efficiency, or provide wider coverage to earn more fees when the market fluctuates.
Why it matters
As the stablecoin ecosystem becomes increasingly diversified, the existing AMM architecture cannot efficiently handle the problem of concentrated liquidity in multi-currency pools. Orbital combines the concentrated liquidity of Uniswap V3 with the multi-currency pool concept of Curve, and through an innovative high-dimensional mathematical model, it enables multi-currency stablecoin trading pools to achieve unprecedented capital efficiency. The protocol not only improves the efficiency of stablecoin swaps, but also provides a scalability solution for future market environments where a large number of stablecoins coexist, and may become a key infrastructure connecting different stablecoin ecosystems.
Quick Overview
High-throughput blockchain Keeta and credit data platform SOLO have cooperated to develop PASS, which is the first blockchain solution to convert real-world financial credentials into verifiable and tokenized credit data;
PASS integrates KYC, income, crypto assets and business credential information to create a modern credit infrastructure for wallets, decentralized applications and embedded finance;
The platform supports anonymous lending based on trusted credentials, allowing digital asset holders to obtain traditional lending services such as mortgages and small business loans while protecting user privacy.
Why it matters
Both Keeta and SOLO have received support from former Google CEO Eric Schmidt, indicating that traditional technology elites are recognizing the potential of blockchain in transforming financial infrastructure. PASS represents a major breakthrough in blockchain in solving the core pain points of crypto finance. By creating a "portable and programmable credit bureau", it is expected to shift crypto lending from an over-collateralized model to a more efficient credit assessment system. With the application of this technology, digital asset holders will be able to obtain traditional financial services based on their real financial status while maintaining the privacy characteristics of the crypto world, creating conditions for the deep integration of blockchain and traditional finance.
Quick Overview
Bitfinex and Tether jointly launched Stable, the world's first Layer 1 blockchain with USDT as the native gas, supporting free peer-to-peer USDT transfers;
Stable supports smart contracts running directly on stablecoins, applications can provide gas-free user experience, natively integrated fiat currency entry and exit, seamless cross-chain transfers through USDT0, bridgeless cross-chain, compliance architecture and priority execution channels;
The platform has now launched an internal test network, aiming to reconstruct the financial infrastructure and make applications such as remittances, cross-border payments, stablecoin native new banks, and treasury management more convenient and efficient.
Why it matters
With daily stablecoin trading volume exceeding Visa (USDT alone settles over $100 billion per day), the launch of Stable marks the formation of a new monetary layer. The platform eliminates the limitations of traditional foreign exchange middlemen and legacy systems, and brings settlement, credit, remittances, and foreign exchange all on-chain, so that users don't even realize they are using blockchain. As a project directly supported by a stablecoin giant, Stable is expected to become an important infrastructure for institutional-level stablecoin applications, promoting the transformation of stablecoins from speculative tools to practical financial tools, and providing more efficient solutions for DeFi, emerging markets, and cross-border trade.
Quick Points
Uber CEO announced that the company is considering using stablecoins to reduce operating costs, with special emphasis on the development prospects of stablecoins for global companies;
As a global technology company, Uber faces a large number of international payment needs in cross-border businesses such as ride-hailing, food delivery and freight, and stablecoins may help it optimize capital flows;
If Uber's adoption of stablecoins will be an important milestone for mainstream large-scale technology companies to accept crypto payments, and may lead more companies to explore similar solutions.
Why it matters
As a global technology giant with a market value of tens of billions of dollars, Uber's consideration of adopting stablecoins shows that crypto payments are moving towards enterprise-level applications. For Uber, which needs to handle cross-border payments, driver remuneration and platform transactions, stablecoins can provide lower fees and faster settlement speeds than traditional bank transfers. If implemented, this move will bring huge practical application scenarios and circulation to stablecoins, while verifying the business model of "coin-driven business" and demonstrating how encryption technology can create actual efficiency and cost advantages for large enterprises.
Quick overview of key points
Revolut posted a recruitment information on its official website, looking for a general manager of crypto derivatives, who will be responsible for scaling the new derivatives business "from zero to scale";
The London-based company launched a cryptocurrency exchange for professional traders in the UK in May 2024, and expanded its services to the entire EU six months later;
The UK crypto derivatives market has been strong recently. Last month, the first FCA-regulated central clearing derivatives platform GFO-X was officially launched, and Galaxy also obtained FCA approval for derivatives trading in April;
Revolut's entry into the crypto derivatives market marks a further blurring of the boundaries between traditional finance and the crypto industry. As Europe's leading digital bank, Revolut's expansion of its crypto business reflects the rising demand for complex crypto products from institutions. Against the backdrop of the gradual implementation of the European MiCA regulatory framework, compliant crypto derivatives platforms may attract more professional investors to participate. This trend also shows that crypto investment products are gradually being integrated into the mainstream financial system, bringing more liquidity and maturity to the crypto market.
Quick Overview
Limited completed a $7 million seed round of financing, led by North Island Ventures, with participation from Third Prime, Arche Capital, Collab Currency and SevenX Ventures, to expand self-custodial US dollar banking services globally;
The company provides fully self-custodial USDC and EURC stablecoin accounts, where users hold private keys to control funds. Combined with Visa card payment functions, it can achieve instant cross-border transfers with zero fees;
Limited has been launched in 176 countries, supporting web, iOS and Android The platform is mainly aimed at global business users who need to avoid inflation and currency fluctuations, with a special emphasis on no bank restrictions and real-time cross-border payment functions.
Why it is important
Limited represents an innovative application of stablecoins in the payment field. By combining self-hosted wallets and traditional payment card infrastructure, it provides cross-border enterprises with a solution to avoid local currency risks and bank restrictions. Its "non-bank" positioning and self-hosted model reflect the transformation of the stablecoin ecosystem from a medium of exchange to an everyday payment tool. For businesses and freelancers in emerging markets, such services may become an important bridge connecting the global US dollar settlement system while avoiding the various restrictions and high fees of traditional financial institutions.
Quick Overview of Key Points
Tether exclusively led the A round of financing for Chilean digital asset exchange Orionx to accelerate its business expansion and stablecoin payment infrastructure construction in Chile, Peru, Colombia and Mexico;
According to Chainalysis data, the cryptocurrency trading volume in Latin America reached US$415 billion from July 2023 to June 2024, of which stablecoins dominated, especially in countries such as Brazil and Argentina where local currencies are rapidly depreciating;
Orionx's "Remittances as a Service" platform is a B2B The investment marks a shift in stablecoin issuers from simply providing tokens to building a complete payment infrastructure ecosystem. The high inflation and monetary instability in Latin America provide a natural application scenario for stablecoins, and Tether is transforming it from a medium of exchange to an actual payment tool by investing in local payment infrastructure. This strategic layout not only strengthens Tether's influence in emerging markets, but also provides more practical use scenarios for its stablecoins, while promoting regional financial innovation and inclusion, and countering the high threshold and inefficiency of the traditional banking system.
Quick Points
Tether, the largest company in the digital asset industry, announced a strategic investment in Shiga Digital, a modern platform that provides blockchain financial solutions for African companies;
The partnership aims to solve the cross-border payment and global liquidity access problems faced by African companies, and will establish a seamless blockchain financial infrastructure based on USDT;
Shiga Digital is developing an on-chain payment gateway that allows users to directly use USDT to purchase daily goods and services without converting to local currency, breaking down cross-border economic barriers.
Why it matters
Tether's investment in Shiga Digital demonstrates the key role of stablecoins in financial inclusion in emerging markets. As African countries such as Morocco begin to prepare draft laws to regulate cryptocurrencies, the digital asset landscape in Africa is developing rapidly. This cooperation strengthens USDT's position as a stable and efficient tool for cross-border commerce, will provide African companies with better treasury and foreign exchange management services, help independent contractors easily access foreign currencies and global payments, and ultimately enable millions of underserved individuals and businesses to integrate into the global economy.
Quick Overview
Chinese company Webus International (WETO) submitted a 6-K form to the U.S. Securities and Exchange Commission on Tuesday, planning to establish a $300 million XRP company treasury;
Webus plans to raise funds through loans and credit lines rather than issuing new shares, and integrate the Ripple payment network into its business to simplify cross-border payments and increase booking transparency for its global driver services;
The company's stock price rose by about 9% on Wednesday, and the price of XRP rose by 2% in 24 hours, which was basically in line with the performance of the broader market.
Why it matters
Webus plans to follow in the footsteps of VivoPower International's $121 million XRP treasury, indicating growing corporate interest in the fourth-largest cryptocurrency by market cap. Webus, which provides customized car and travel services to travelers around the world, also announced a renewal of its partnership with Tongcheng Travel Holdings, one of China's largest online travel agencies, to extend the "Wetour x Tongcheng" chartered car routes and plans to use the XRP ledger to settle cross-border rides and driver payments. This trend shows that companies are actively exploring blockchain payment solutions to optimize international business operations, and XRP's practicality is gradually gaining institutional recognition.
Quick overview of key points
The U.S. Senate is about to enter the final debate stage of the stablecoin bill, but credit card-related bills are attempting to be added as amendments, threatening to disrupt the legislative process;
The crypto industry lobbying group urged US lawmakers to remain focused on the core purpose of the bill, which is to focus on the regulatory framework for stablecoin issuers;
As the U.S. stablecoin bill enters the final debate stage, the crypto industry's Washington lobbying group is calling on senators to stay focused on the main task as other legislative efforts are inserted into the debate.
Why it matters
This dispute highlights the political complexity of the crypto regulatory legislation process, and the interweaving with other financial bills may dilute or delay the establishment of a stablecoin regulatory framework. Against the backdrop of countries around the world accelerating the advancement of stablecoin regulations, the delay in the US legislative process may affect the United States' position in the global crypto financial competition. The active lobbying of the crypto industry shows that the industry is seeking to influence the direction of legislation and strive for a more favorable regulatory environment, while preventing unrelated issues from complicating this key bill.
Quick Overview
The Dubai Financial Services Authority (DFSA) approved Ripple's US dollar stablecoin RLUSD as a payment channel for use in the Dubai International Financial Center (DIFC), expanding its business layout in the Middle East;
This approval will allow approximately 7,000 companies in DIFC to use Ripple's stablecoin for cross-border settlement and cryptocurrency services. Ripple has previously been approved to provide services in the UAE's $40 billion international payments market;
RLUSD was launched in December 2024, 1:1 anchored to US dollar reserves, has been approved by the New York Department of Financial Services, has a market value of US$310 million, and has joined the Tether and Circle-led $250 billion stablecoin market.
Why it matters
Dubai's approval of RLUSD means that regulators' acceptance of corporate-issued stablecoins is increasing, and reflects the growing demand for crypto payment solutions in the Middle East. Ripple is actively expanding its practical application scenarios in the Middle East through cooperation with local digital bank Zand and fintech platform Mamo, as well as cooperation with infrastructure provider Ctrl Alt and Dubai Land Department to tokenize real estate deeds on the XRP ledger. This development also shows that stablecoins are gradually gaining recognition as payment infrastructure in different jurisdictions around the world, paving the way for wider commercial applications.
Quick Overview
BCP Technologies has launched the UK's first regulated pound stablecoin Tokenised GBP (tGBP), which has been registered by the UK Financial Conduct Authority (FCA);
The stablecoin has undergone a 14-month review process, including a month of testing in the FCA regulatory sandbox, and officially completed the assessment on May 31;
Each tGBP token is backed by reserves held in a segregated account at a UK regulated financial institution at a 1:1 ratio and can be fully converted into pounds at any time.
Why it matters
The issuance of the UK's first regulatory-compliant pound stablecoin marks the official entry of major European financial markets into the stablecoin competition. Unlike the US GENIUS Act and the stablecoin regulatory strategies of Asian financial centers, the UK gradually promotes the compliant development of stablecoins through the regulatory sandbox model. The launch of tGBP may enhance the competitiveness of the pound in the digital financial field, while providing British fintech companies with a localized pound settlement infrastructure and reducing their reliance on US dollar stablecoins.
Quick Overview of Key Points
French Hill, Chairman of the U.S. House of Representatives Financial Services Committee, said that the House and Senate stablecoin bills still need to reach consensus on several key points before final legislation;
The differences include the degree of foreign supervision accepted, which institutions in the United States are responsible for supervision, and restrictions on the issuance of stablecoins by large technology companies;
The Senate version of the GENIUS Act (Genuine Economic Negotiations for Issuance and Use of Stablecoins Act) is expected to be approved as early as this week, and then it needs to be coordinated with the House version.
Why it is important
The US stablecoin legislation process is at a critical stage. Whether the two bills can be coordinated will determine the final form of the world's first major economy's stablecoin regulatory framework. The bill's provisions on the regulatory body, entry threshold and asset reserve requirements for stablecoin issuers will directly affect the market structure and innovation space. Restrictions on the issuance of stablecoins by large technology companies are particularly sensitive and may affect the digital currency strategies of technology giants such as Meta. Once the US stablecoin regulatory framework is established, it will provide a reference template for other countries in the world, while providing legal certainty for the global use of US dollar stablecoins.
Quick Overview of Key Points
The GENIUS Act requires that payment stablecoins must use U.S. Treasury bonds as reserve assets, creating a new global distribution channel for U.S. Treasury bonds and realizing the return of funds to the U.S. Treasury;
Blockchain-based stablecoins are embedded in the distributed payment system in the form of "on-chain dollars", breaking through the limitations of the traditional SWIFT interbank settlement network and expanding the international use of the U.S. dollar;
Why it matters
Stablecoins are becoming an extension of the US dollar's hegemony in the digital age, not only consolidating the dollar's position as a global reserve currency, but also providing global liquidity for US Treasuries. However, regulatory differences between Asian financial centers may lead to regulatory arbitrage by issuers and weaken the stability of the regional financial system. If this regulatory differentiation is not coordinated, it will affect Asia's voice in the global stablecoin system, and it also reflects the competition among countries for financial dominance in the digital currency era.
Quick Points
XRP rises, driven by strong technical momentum and increased on-chain activity, as geopolitical uncertainty sparks demand for alternatives to traditional settlement mechanisms, increasing XRP's appeal as a cross-border payment solution
Ripple's RLUSD stablecoin receives regulatory approval in Dubai, further strengthening XRP's prospects for international payments. Against the backdrop of rising global tensions, XRP's value as an alternative cross-border payment tool is increasingly evident.
Why it matters
As traditional banking channels face more challenges, the fast, low-cost international transfer solution provided by XRP is attracting more practical applications. The regulatory approval of Ripple's stablecoin in the Middle East also marks the gradual integration of its ecosystem into the global payment infrastructure. This development could lead to wider institutional adoption of XRP, especially in markets that need to circumvent the constraints of the traditional banking system.
Quick Highlights
F2Pool co-founder Wang Chun became the first Bitcoin billionaire to enter Earth orbit, and he cashed in some of his Bitcoin to pay for his private space flight;
Wang Chun proposed and completed the first manned space mission in history to cross the Earth's North and South Poles, and he and two astronauts received 14 months of professional training;
At the 2025 Bitcoin Conference, Wang Chun said that Bitcoin should "help mankind" rather than simply hoard it, and hinted that cryptocurrency payments in space will become a real demand as space travel expands in the future.
Why it matters
Wang Chun's space journey is not only a personal milestone, but also demonstrates the practical application of cryptocurrency in supporting cutting-edge scientific and technological exploration. As commercial space travel becomes more and more popular, the demand for payments in space will be real, which provides a new application scenario for cryptocurrencies such as Bitcoin.
Mask Network CEO Suji Yan lost $4 million in a cyberattack after his birthday. Analysts traced the stolen funds, now converted to Ethereum and dispersed across multiple wallets. The incident highlights ongoing security challenges amid a wave of recent crypto hacks.
KikyoSouth Korea has launched a permanent investigation unit to tackle cryptocurrency crimes, led by the Seoul Southern District Prosecutors’ Office. The unit, with 34 specialists, will focus on fraud, insider trading, and market manipulation.
WeatherlyJob seekers were deceived into downloading GrassCall, a custom virtual meeting software with malicious code designed to steal cryptocurrency. The scam has impacted hundreds, with many reporting drained wallets, underscoring the growing sophistication of cybercriminal tactics in the crypto space.
CatherineThe SEC ruled that meme coins are not securities under U.S. law, meaning they don’t require registration or investor protections. However, fraudulent activities involving meme coins can still face legal action.
AnaisMetaMask has announced major updates to enhance user experience, including smart contract integration and expansion beyond Ethereum Virtual Machine (EVM) chains. Solana support launches in May, followed by Bitcoin integration in Q3, marking a significant ecosystem expansion.
KikyoMeta is set to launch a standalone app for its AI chatbot, Meta AI, in the second quarter of 2025, aiming to expand its reach beyond its social media platforms. This move comes as the company plans to grow its user base and explore monetisation opportunities in the competitive AI market.
WeatherlyA judge blocked OPM’s directive to fire probationary employees, ruling it unlawful. Meanwhile, DOGE faces legal scrutiny as unions and watchdogs challenge its transparency. A judge has now ordered a DOGE official to testify and produce key documents for the first time. Is justice finally served?
CatherineAlibaba is launching a recruitment drive to hire 3,000 interns, with half of the positions focused on AI roles, as part of its broader strategy to advance in the AI space. The company is also investing over $52 billion in AI and cloud infrastructure, aiming to strengthen its position in the competitive tech market.
WeatherlyVitalik Buterin's recent post on X pointed out that many people lose large amounts of crypto due to personal errors, such as forgotten passwords or lost devices. He stressed that these losses, unlike theft, often go unnoticed because there's no one to blame.
AnaisAB 代币即将于3月3日正式上线 Bitget （bitget.com）交易所创新区和 Web3 区，这是 AB DAO 生态在全球交易渠道拓展的又一个重要里程碑。此次上线不仅将进一步提升市场流动性，还将助力 AB 在 Web3 领域的广泛应用。
Alex