In partnership with
Cloudflare goes in on crypto
Only days after launching the x402 protocol in partnership with Coinbase (TLDR here), Cloudflare (NET) today announced a new stablecoin dubbed NET Dollar focused on “agentic commerce.” This may all seem complicated and the cause for much a eye-glaze, but it is potentially an important development. You see, there may be a time soon in which robots and AI agents need a reliable medium of exchange in order to transact with the web autonomously. Cloudflare (a super legit $75 billion market company) has the chops of anyone to figure this out. And while we don’t know who their partner is on it yet, based on Coinbase being involved with x402 we are going to guess it is Coinbase. Read more →
First Ethereum Staking ETF Launches
Fresh off the launch of the first XRP and DOGE ETFs, REX-Osprey today launched its ETH + Staking ETF, the first U.S.-listed ETF to give investors exposure to ETH plus staking rewards under the ticker symbol ESK. The launch comes on the back of ETH dropping below $4,000. Read more →
Circle Back
Circle is inching closer to TradFi norms. In an interview with the FT, President Heath Tarbert said the stablecoin giant is exploring reversible transactions – a fraud / chargeback system – that goes far against the grain of immutable blockchain roots. Why it’s good? It could add more consumer-style protections around fraud, hacks, disputes, and could easily boost enterprise adoption. Why its a slippery slope? The plan could involve censorship risks, extra intermediaries, and erode crypto’s “final settlement” design. Our take? This is why we bitcoin. Read more →
MSTR down $8B this quarter despite inflows from global institutions Link»
South Korean Crypto Exchange Upbit to Be Acquired by Naver Link»
If Tether has $105B in its reserves, why is it raising cash? Link»
Why We’ll See 1000 Stablecoins (and Why Most Will Fail) Link»
Morgan Stanley to offer crypto trading through E-Trade Link»
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