📊 XRP Ledger saw a sharp spike in new accounts. XRPScan data shows 11,432 new wallets were created in a single day, compared with a 30-day average of roughly 2,700. That’s more than 4x the recent baseline. The cause is still unclear. Exchange infrastructure, wallet migrations, app onboarding or speculative activity could all explain the surge. The activity spike is real. ripple:native What caused it is still unknown.

🔐 Tezos has launched Quantumnet, an experimental post-quantum testnet. Quantumnet introduces tz5 accounts using ML-DSA-44, the post-quantum signature standard developed by NIST. @Tezos is also testing replacements for BLS signatures, KZG commitments and other cryptographic components that could become vulnerable to future quantum computers. tezos:native Quantumnet is experimental. These protections are being tested, not deployed on Tezos mainnet yet.

⚡ HYPE is officially trading on Binance Spot. @Binance launched HYPE/USDT, HYPE/USDC and HYPE/TRY today, bringing @HyperliquidX HYPE to the world’s largest crypto exchange. But hyperliquid:native didn’t rally on the listing. After trading near $98 yesterday, HYPE fell toward $90-93 following the Binance launch. Market cap: ~$21B Recent high: ~$98 Current zone: ~$90-93 For now, $100 remains the psychological barrier HYPE has yet to break.

🏟️ Six Division I college athletics programs are now using Avalanche-powered rewards. Michigan, Nevada, Baylor and Memphis have joined Penn State and LSU in using Uptop’s platform built on @avax. Uptop connects fan spending and engagement with rewards while giving athletic programs more data on their supporters and sponsorship activity. Avalanche is expanding its footprint in college sports through fan loyalty infrastructure. avalanche-2:native

🇺🇸 The Trump administration is considering taking dollar stablecoins global. The U.S. government is weighing joint ventures with private companies to promote dollar-backed stablecoins overseas. The objectives: Strengthen the dollar’s global reserve role Expand demand for U.S. Treasuries Increase the reach of digital dollars abroad Treasury, State and the DFC could be involved. No program has been officially launched yet. ripple:native

₿ Zest Protocol is testing USDC loans backed by native Bitcoin. Its new Bitcoin Collateral Vaults let users deposit BTC directly on Bitcoin L1 and borrow USDC on Ethereum without using wBTC or a bridge. The demo is live on mainnet with collateral limits per wallet while Zest tests the system at small scale. The goal is to reduce reliance on centralized custodians in BTCFi. For now, this is a limited demo, not the full production rollout. bitcoin:native

🔥 Polygon is preparing to burn 100M POL. Sandeep Nailwal says a permissionless burn contract is already on testnet and is awaiting final approval from Polygon’s Security Council before moving to mainnet. Once activated, anyone will be able to trigger the first 100M ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 burn, roughly 1% of POL’s initial 10B supply. The POL would come from Polygon’s accumulated base fees. The 100M POL haven’t been burned yet. But the mechanism is getting close to mainnet.

🏛️ NYSE and Blockchain .com are exploring tokenized U.S. stocks for a global audience. The companies signed an MOU to explore distributing tokenized NYSE-listed stocks and ETFs through Blockchain .com, using NYSE’s planned digital securities venue. Blockchain .com says it has roughly 44M accounts. The partnership also includes sharing crypto and traditional market data between Blockchain .com and ICE Data Services. No launch date yet. Regulatory approval is still required. NYSE is exploring how its listed securities could reach investors through blockchain rails. tron:native

🏦 Hong Kong is preparing to tokenize government-backed bills. The Hong Kong government plans to launch a pilot for tokenized Exchange Fund Bills before the end of 2026. These HKMA-issued bills sit within a market exceeding HK$1.3T and are widely used by banks for liquidity management. The pilot will explore how tokenization can make them usable for collateral and liquidity around the clock. Hong Kong isn’t tokenizing HK$1.3T at once. ripple:native It’s testing how sovereign-grade instruments can operate onchain.

⚖️ Ripple considered shutting down after the SEC lawsuit. CEO Brad Garlinghouse said the company discussed whether it could continue operating after the SEC filed its case against Ripple in 2020. The lawsuit created uncertainty around ripple:native and @Ripple’s business in the U.S. Garlinghouse said the company ultimately chose to fight instead of leaving the market. Years later, Ripple continues expanding its payments and stablecoin infrastructure.

💶 Tether says MiCA’s reserve rules were the reason it stayed away. CEO Paolo Ardoino said @Tether refused to apply for a MiCA license because of the requirement for certain stablecoin issuers to hold 60% of reserves in bank deposits. Now, the ECB is proposing to remove that same requirement, arguing it could create risks for European banks. The stablecoin reserve debate is shifting. ethereum:0xdac17f958d2ee523a2206206994597c13d831ec7 From issuer compliance to financial stability concerns.

📈 Ondo Stocks is now live on near .com through NEAR Intents. Users can access 20 tokenized U.S. stocks, ETFs and commodity-linked products, including: Tesla NVIDIA Apple Microsoft Amazon QQQ SLV IAU ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 Stocks has already surpassed $1B in TVL and $26B in trading volume. near:native Intents now gives Ondo another distribution layer across 30+ networks from a single interface.

🌏 Ripple is building RLUSD’s regulated path across Asia-Pacific. In Japan, ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed has been approved for distribution through SBI VC Trade. In Singapore, @Ripple holds a Major Payment Institution license, while in Australia it expanded its payments infrastructure through BC Payments. RLUSD has now grown to roughly $2.37B in market cap. Ripple’s strategy is clear: secure regulated distribution, custody and redemption market by market.

💶 Europe’s central banks want to rewrite a key MiCA stablecoin rule. The ECB and the EU’s 27 national central banks are recommending removing the requirement for significant stablecoin issuers to hold 60% of reserves as bank deposits. Their concern: large stablecoin redemptions could rapidly pull deposits from European banks. Instead, they want reserves concentrated in liquid assets maturing within 1-5 business days. MiCA hasn’t changed yet. ripple:native Europe’s central banks are asking for a different stablecoin reserve model.

₿ “Bitcoin has no top, because the dollar has no bottom.” ProCap Financial CEO Anthony Pompliano says continued U.S. money creation could push Bitcoin significantly higher in the coming years. His argument is straightforward: “If the government keeps printing money, Bitcoin is going to go WAY higher.” For Pompliano, Bitcoin’s long-term upside is tied directly to continued dollar debasement. bitcoin:native

⚡ Payward wants to bring Hyperliquid perpetual futures to U.S. traders. Kraken’s parent company plans to deploy regulated perpetual markets using Hyperliquid’s HIP-3 infrastructure. Hyperliquid would provide the public blockchain and onchain order book. Bitnomial would deploy, administer and clear the markets, while NinjaTrader Clearing would handle approved U.S. client accounts. The plan still requires regulatory approval. hyperliquid:native If cleared, Hyperliquid would become infrastructure for regulated U.S. perpetual markets.

⚠️ Morgan Stanley cuts Circle’s outlook as stablecoin competition grows Morgan Stanley downgraded Circle Internet Group (CRCL), the issuer of USDC, lowering its rating from Equal-Weight to Underweight and reducing its price target from $106 to $38. The firm’s analysis points to weaker long-term earnings expectations, driven by slower-than-expected USDC circulation growth, increasing pressure on reserve income and a shift toward transaction-based revenue models with lower margins. Morgan Stanley also highlighted growing competition from alternative financial products, including tokenized money market funds, tokenized deposits and emerging stablecoin alternatives. Following the downgrade, Circle shares declined around 6% as investors reassessed the growth outlook for stablecoin issuers in an increasingly competitive market environment. The move reflects a broader challenge for the stablecoin sector: maintaining profitability as the industry expands beyond reserve-based income models and faces pressure from new tokenized financial products.

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🚨 ALERT: ⚠️ Coldcard security incident surpasses $114M after fourth wave of Bitcoin drains The security incident affecting certain Coldcard hardware wallets continues to expand. According to the latest analysis from Galaxy Research, estimated losses have reached approximately 1,816 bitcoin:native, worth around $114 million, after a fourth wave of unauthorized wallet drains was identified. The first three waves had already accounted for around 1,367 BTC, impacting more than 4,500 addresses. The latest wave added approximately 449 BTC from hundreds of additional wallets, pushing the total impact above 5,200 affected addresses. Galaxy Research reported that the attacker continues operating in a systematic and automated manner, targeting additional wallets while using more complex transaction patterns and techniques such as replace-by-fee (RBF) to modify transactions and make tracking more difficult. The origin of the incident remains linked to a firmware vulnerability identified in 2021, where certain Coldcard devices generated wallet seeds using insufficient randomness, potentially allowing remote reconstruction of private keys without physical access to the hardware. Coinkite continues advising potentially affected users to migrate funds to new seeds generated with updated firmware and consider additional security measures such as passphrases or multisig setups. The case has become one of Bitcoin’s largest recent self-custody security tests, highlighting that wallet security depends not only on hardware protection but also on the integrity of the key generation process itself.