Cloudflare kicks off stablecoin wallet rollout for AI agents to pay for APIs and online content
Users can claim Cloudflare wallet handles now, while funding and payment features will arrive later. Source: www.theblock.co Read Full Story
Bitcoin ETF
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‘Not currently the right capital solution’: Smarter Web sells 178 bitcoin to repay $11.7M convertible instrument
The Smarter Web Company sold 177.89 BTC at $65,762 to repay $11.7 million to TOBAM early, cancelling 7.7 million in potential share issuance. Source: www.theblock.co Read Full Story
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BIS warns USD stablecoins can evade capital controls, challenging traditional market regulations
BIS says that FX restrictions and capital controls are less effective against stablecoins than against foreign currency bank deposits. Source: www.theblock.co Read Full Story
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Multicoin Capital makes first Hyperliquid ecosystem investment in Trasia, an Asia-focused trading platform
Built on Hyperliquid, Trasia was co-founded by former Multicoin Capital partner Mable Jiang and aims to serve Asian traders. Source: www.theblock.co Read Full Story
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Dragonfly, FirstMark lead $38 million Series A for stablecoin startup Velocity with support from Coinbase, Ripple and more
The startup enables corporate users to use stablecoins while connecting to traditional banking rails and compliance systems. Source: www.theblock.co Read Full Story
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‘Bottom building in progress’: Analysts say bitcoin holder capitulation signals late-stage bear market
Bitcoin long-term holder capitulation hit $280M/day, the highest since Dec 2022, a sign Glassnode says may flag a bottom forming. Source: www.theblock.co Read Full Story
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1kx, Blockchain Capital back $7.5 million KOR Protocol Series A at $100 million valuation
KOR Protocol is building an onchain clearinghouse that helps register and route creative works and pay out rights holders. Source: www.theblock.co Read Full Story
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TD Cowen slashes Strategy target to $260 on bitcoin outlook, calls new capital framework ‘constructive’
TD Cowen cut its Strategy price target to $260 from $400 on a lower bitcoin forecast, while calling its new capital framework “constructive.” Source: www.theblock.co Read Full Story
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Strategy: The Capital Stack Meets a Falling Bitcoin Price
Below is a summarized version of The Block Research’s Strategy: The Capital Stack Meets a Falling Bitcoin Price report. The full PDF version of this report is accessible here. Strategy Inc., formerly MicroStrategy, faces the first real test of its Bitcoin-treasury model. It holds 847,363 BTC acquired for $64.10 billion, or an average of $75,651….
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Gate CrossEx: An Exchange-Native Answer to the Institutional Capital Fragmentation Problem
For sophisticated crypto desks, the bottleneck has rarely been finding liquidity, but rather moving capital fast enough to use it. A fund running active books across the largest CEXs operates multiple separate balance sheets that don’t talk to each other. Every account must be funded to meet worst-case requirements. Collateral can’t be netted across venues….
