The US government shutdown is threatening to be a long one, which may cause rating agencies to downgrade the nation’s credit. This bearish signal would cause chaos for TradFi, but a possible opportunity for Web3. Specifically, agencies warned that further deadlock could damage the US’s credit rating. Prediction markets are currently rather confident that this
Key Takeaways GiveDirectly is administering a New York pilot that distributes $12,000 in stablecoins to low-income young adults, funded by Coinbase. The program targets low-income young adults in New York, selected by lottery. A pilot program in New York is providing $12,000 in stablecoins to low-income residents through Coinbase funding, administered by the nonprofit GiveDirectly.
Now’s as good a time as any to talk crypto ETFs as more US launches are imminent (even with the latest government shutdown). The anticipated boom of both single-asset and index offerings is set to expand the investor base entering the crypto asset class, industry watchers say. How do we know we’re set to see
Lava, a bitcoin-focused financial services startup, announced on Wednesday that it has raised $17.5 million in new funding while also launching a lending product offering yields on US dollars. In a post on X, the company said its platform allows users to fund overcollateralized loans secured entirely by bitcoin (BTC), with lenders earning up to
ZKsync has welcomed ADI Chain—the first blockchain built with its Airbender technology and hosting the upcoming UAE dirham-backed stablecoin—into its Elastic Network. Summary ADI Chain is the first blockchain built with ZKsync’s Airbender technology, delivering Ethereum block proofs in ~35 seconds. Testnet went live on August 21, giving developers early access; mainnet expected soon. ADI
Trikon, a popular Web3 platform for chain abstraction and gaming, has partnered with WORLD3, a renowned project merging Web3, autonomous agents, and AI. The partnership focuses on accelerating streamlined interactions between AI agents and humans with the integration of chain abstraction. The official social media announcement shared by Trikon discloses that the partnership utilizes AI-led
On October 1, 2025, as reported by Binance, the exchange submitted a formal request to the Ministry of Finance of Vietnam for a review of the new tax on crypto transactions, emphasizing that a tax calculated on the gross value of operations can pose an immediate risk to the liquidity and stability of the local