Story Highlights Solana founder Anatoly Yakovenko says stablecoins are exposing how costly and slow traditional banking really is. Real payment data shows stablecoins beating credit cards on fees and settlement speed. Yakovenko warns that higher stablecoin yields threaten the banking profit model. Banks charge fees, hold your money for months, and pay you almost nothing
Key Notes USYC reached $1.69B while BUIDL fell to $1.68B. USYC grew 11% in 30 days while BUIDL declined 2.85%. Circle acquired Hashnote, the USYC issuer, in January 2025 and integrated the fund with Binance in July 2025. BUIDL maintains 103 distinct holders compared to USYC’s concentrated distribution, with positions remaining fluid. Circle’s USYC has
Shares of BitGo (BTGO), which went live on the New York Stock Exchange (NYSE) on Thursday, are down 12% midday on Friday, largely underperforming other crypto stocks. The stock, which traded as high as $24 following its IPO at $18 per share, was last changing hands at $16.53, down 8% from that IPO price. After
UBS Group AG, the world’s leading wealth manager, is considering allowing select wealthy clients to invest in crypto assets, starting with Bitcoin and Ethereum, as it evaluates partners for a potential digital asset rollout, Bloomberg reported Friday, citing people familiar with the matter. UBS may begin offering crypto services in Switzerland, with potential expansion to the
CertiK, a New York based Web3 security firm, is preparing a roadmap toward a public listing. Founder Gu Ronghui said in an interview with CBS that the company is actively pursuing plans to go public and aims to become the leading Web3 infrastructure stock. The move follows a strategic investment from Binance, which has become
ETF flows shifted sharply on January 22. While Bitcoin and Ethereum funds saw heavy outflows, XRP and Solana quietly pulled in new money. Data shows XRP spot ETFs recorded $2.09 million in net inflows. Solana spot ETFs added another $1.71 million. At the same time, Bitcoin spot ETFs lost $32.11 million. Ethereum spot ETFs saw
Farcaster founder Dan Romero has said that his decentralized social media firm “isn’t shutting down” after rumors of its closure circulated following Neynar’s acquisition of the platform. Romero dispelled the rumors yesterday in a post on X which also clarified that Merkle Manufactory, a contributor to the Farcaster protocol, will return the $180 million it
Changpeng Zhao (CZ), the founder and former CEO of Binance, made noteworthy statements about his career and the future of the crypto sector in an interview given during the World Economic Forum in Davos, Switzerland. Zhao said he no longer has the same motivation to start new ventures as he did in the past. Zhao
UBS (UBS), with $6.6 trillion in assets under management (AUM), plans to start allowing select private clients to buy bitcoin and ether, Bloomberg reported on Friday, citing people familiar with the matter. The decision to start offering crypto services, according to the story, stems from a growing demand from its wealthy clients. “As part of
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2730.82, down 0.6% (-15.95) since 4 p.m. ET on Thursday. Ten of the 20 assets is trading higher. Leaders: APT (+1.8%) and UNI (+0.8%). Laggards: POL (-2.2%) and ICP