After years of development, blockchain games still capture only a sliver of the gaming industry. The promise of true asset ownership, stable economies, and transferability remains unmet. Recent trends suggest blockchain was more hype feature than genuine necessity
Nasdaq has filed with the U.S. SEC to bring tokenized securities onto its main market, aiming to trade blockchain-based and traditional shares side by side. If approved, the move could make Nasdaq the first U.S. exchange to integrate tokenized equities under existing protections
Hyperliquid is preparing to launch its own stablecoin, USDH, through a validator-led governance vote. With USDC currently dominating its ecosystem, USDH would reduce reliance on external issuers and capture reserve yield. Paxos, Frax, Ethena, and an Agora–MoonPay coalition are competing to deploy it
The Ether Machine is bringing Ethereum to Wall Street through a SPAC merger and $2.1B in committed assets. Backed by ConsenSys veterans, it mirrors MicroStrategy’s playbook with convertible financing and promotion, while adding staking and restaking strategies that ETFs and Bitcoin wrappers cannot
Circle’s first post-IPO results show USDC supply nearly doubled YoY to $61.3B, market share up to 26%, and revenue +53% to $658M. The $1.2B IPO boosted equity to $2.37B, funding new plays like the Circle Payments Network and Arc blockchain in a bid to challenge Tether’s dominance
After years of development, blockchain games still capture only a sliver of the gaming industry. The promise of true asset ownership, stable economies, and transferability remains unmet. Recent trends suggest blockchain was more hype feature than genuine necessity
London Stock Exchange Group (LSEG) launches fully-blockchain powered fundraising.
Native Markets, a Hyperliquid ecosystem team, won the competition to issue Hyperliquid's USDH stablecoin.
Attack on Monero, users accepting XMR payments are advised to wait for more confirmations.
Tether to issue US compliant stablecoin USAT with Anchorage Digital.
WisdomTree
Uniswap’s Unichain has boosted L2 volumes past $40B, but liquidity tells a different story. TVL has halved since July, exposing the limits of incentive-driven growth. Despite cheaper fees, users remain on Ethereum—where Uniswap continues to be one of the network’s largest revenue engines.
TON Strategy Company, formerly Verb Technology, has rebranded as a Toncoin treasury, holding $713M in TON and targeting over 5% of supply. By staking its holdings and adopting financial engineering akin to Strategy’s playbook, it aims to turn crypto reserves into shareholder returns
From $GOAT to $FART, memecoins show how hype burns fast and budgets vanish faster. Market caps in the tens of millions may look like real businesses, but behind the joke lies sunk marketing spend, fragile communities, and the math of attention that always runs out of breath
Jito’s BAM transforms MEV on Solana from a private auction into a transparent, programmable marketplace. While Ethereum introduced PBS, Solana may now be a step ahead—embedding MEV handling directly into the protocol with greater flexibility and developer access.
Circle’s decision to bring native USDC to Hyperliquid underscores the chain’s rise as an institutional-grade DeFi hub, while advancing its strategy to make USDC the default stablecoin — trusted, redeemable, and seamlessly transferable across chains
Global Dollar’s stablecoin USDG is growing fast—thanks to a new model where partners like Robinhood, OKX, and Mastercard earn a share of reserve yields. With over 25 institutions onboard and market cap surpassing $329M, USDG is quietly building a powerful global distribution network
By building an open ecosystem, the project lowers the barrier to join the AI economy, whether you’re launching new models or curating datasets. Yet it's unclear if token rewards alone can sustain quality, coordination, and long-term innovation in such a decentralized development model
It is highly likely compliance commitment stands for failure to meet regulators' Anti-Money Laundering requirements. The date of the final shutdown is yet to be determined.
Since its launch last year, the stablecoin has grown to around $100 million. However, this amount remains significantly lower than the figures achieved by more recent entrants in the stablecoin market.
Happy Monday, Observers!
Blue Screen (Of Death) Friday showed the world about the dangers of depending on centralized entities.
A few small errors in the upgrade code of a Microsoft program were enough to cause a digital meltdown in millions of hospitals, airports, and services.
While its consequences have been
A key figure involved in preparing legislation for the digital euro has been accused of stalling by rival politicians—and over in Russia, Vladimir Putin wants his country to "seize the moment" and embrace the digital ruble.
London Stock Exchange Group (LSEG) launches fully-blockchain powered fundraising.
Native Markets, a Hyperliquid ecosystem team, won the competition to issue Hyperliquid's USDH stablecoin.
Attack on Monero, users accepting XMR payments are advised to wait for more confirmations.
Tether to issue US compliant stablecoin USAT with Anchorage Digital.
WisdomTree
Uniswap’s Unichain has boosted L2 volumes past $40B, but liquidity tells a different story. TVL has halved since July, exposing the limits of incentive-driven growth. Despite cheaper fees, users remain on Ethereum—where Uniswap continues to be one of the network’s largest revenue engines.
TON Strategy Company, formerly Verb Technology, has rebranded as a Toncoin treasury, holding $713M in TON and targeting over 5% of supply. By staking its holdings and adopting financial engineering akin to Strategy’s playbook, it aims to turn crypto reserves into shareholder returns
From $GOAT to $FART, memecoins show how hype burns fast and budgets vanish faster. Market caps in the tens of millions may look like real businesses, but behind the joke lies sunk marketing spend, fragile communities, and the math of attention that always runs out of breath
Jito’s BAM transforms MEV on Solana from a private auction into a transparent, programmable marketplace. While Ethereum introduced PBS, Solana may now be a step ahead—embedding MEV handling directly into the protocol with greater flexibility and developer access.
Circle’s decision to bring native USDC to Hyperliquid underscores the chain’s rise as an institutional-grade DeFi hub, while advancing its strategy to make USDC the default stablecoin — trusted, redeemable, and seamlessly transferable across chains
Global Dollar’s stablecoin USDG is growing fast—thanks to a new model where partners like Robinhood, OKX, and Mastercard earn a share of reserve yields. With over 25 institutions onboard and market cap surpassing $329M, USDG is quietly building a powerful global distribution network
