
Monero, the leading privacy coin, suffered an 18-block reorg after Qubic consolidated large mining power. Debate rages: Qubic claims 51% control; Monero devs deny widescale damage. Exchanges raised confirmations. The episode shows PoW chains can be threatened by economic incentives
Alex Harutunian
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
Alex Harutunian
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
Alex Harutunian
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
Alex Harutunian
Blockchain promised to reinvent ROSCAs through smart contracts, but despite many pilots adoption never scaled. Instead, the most successful digital ROSCAs are centralized apps like Tanda and Chama — thriving on trust, not code
Alex Harutunian
Monero, the leading privacy coin, suffered an 18-block reorg after Qubic consolidated large mining power. Debate rages: Qubic claims 51% control; Monero devs deny widescale damage. Exchanges raised confirmations. The episode shows PoW chains can be threatened by economic incentives
Alex Harutunian
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
BTC whale sells 24k BTC flash crash wipes longs. ETH hits new ATH above 4 900. Asia’s wealthy investors raise crypto allocations. Gemini files S-1 and secures MiCA EU license. Ether threatens 600 B market-cap, GENIUS Act stablecoin framework live. Metamask to issue its native mUSD stablecoin. Blockchain intelligence

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

Ethena Labs’ USDe stablecoin offers a high annual yield, sourced from funding payments and staking rewards. However, these particular sources of yield also expose the project to risks that could result in problems for the project during a bear market.
Alexander Mardar
The revision promises enhanced scalability and paves the way for a future of distributed computing on the Polkadot network, with a hefty prize pool incentivizing community adoption and development.
Mathilde Adam
ZKasino, a blockchain-based gambling platform, is under scrutiny after users accused it of misleading investors and stealing deposited ETH. Notably, prominent backers like Big Brain Holdings and MEXC distanced themselves from the project in light of these fraudulent activities
Alexander Mardar
Now based on two blockchains, founder Richard Heart is expressing a strong preference for one version of HEX over the other.
Observers
Together with Bitcoin issue contraction, we now have another data protocol on top of Bitcoin, that tries to extend the use of the number one blockchain. Like Ordinals and BRC-20 tokens, Runes protocol creates new digital assets by writing into the data storage of bitcoin tokens.
Alex Harutunian
Crypto conferences Token 2049 and Blockchain Life were disrupted this week as roads turned into rivers and building facades into rumbles in their host country of Dubai. A large storm traversing the Arabian Peninsula brought flooding rainfalls and devastating winds to the usual sunny destination. The unseasonal and extreme climate
Eva Senzaj Pauram
Tether’s USDT and its gold-backed XAUT tokens have gone live on The Open Network. A landmark deal for both sides, this cooperation might send ripples across the crypto industry.
Rebecca Denton
For all the key details of new blockchain projects in the banking world, real-world asset (RWA) tokenization, stablecoins, and central bank digital currency (CBDC) updates, the Observers 'Banking and CBDC Roundup' has you covered. Kicking off with the digital euro — and a whitepaper was released this week that
ObserversLondon 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
BTC whale sells 24k BTC flash crash wipes longs. ETH hits new ATH above 4 900. Asia’s wealthy investors raise crypto allocations. Gemini files S-1 and secures MiCA EU license. Ether threatens 600 B market-cap, GENIUS Act stablecoin framework live. Metamask to issue its native mUSD stablecoin. Blockchain intelligence

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

