Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

RWA Weekly: Hong Kong Monetary Authority Aims to Issue First Batch of Stablecoin Licenses by March, CME and Google Pilot Tokenized Cash

RWA Weekly Digest: Key developments from Jan 31 - Feb 1, 2026 The on-chain RWA market cap grew significantly to $24.4 billion, with the number of holders surging to 833.9k, indicating a shift towards user base expansion. In contrast, the stablecoin market cap slightly declined to $3.05 trillion, but monthly transfer volume soared to $9.82 trillion, highlighting a trend of high turnover without new capital injection. Regulatory developments continued globally. The U.S. White House meeting failed to reach an agreement on stablecoin yields. Hong Kong's HKMA is evaluating 36 stablecoin license applications, aiming to issue the first batch by March. Brazil advanced a bill to ban algorithmic stablecoins. Traditional financial institutions accelerated their integration into the ecosystem. CME Group is exploring the launch of "CME Coin" and piloting a tokenized cash solution with Google. Fidelity's stablecoin FIDD officially launched. Spanish bank BBVA joined the EU's Qivalis project for a regulated euro stablecoin. Y Combinator will allow its Spring 2026 cohort startups to receive funding in USDC. Key infrastructure and product updates include: MetaMask integrated with Ondo Finance, enabling direct trading of tokenized U.S. stocks and ETFs. Ondo also launched a "Global Listing" service for tokenizing stocks on their IPO day. Manta Network partnered with Pruv Finance to introduce tokenized sports infrastructure RWAs. SBI Holdings and Startale Group developed the Strium blockchain focused on on-chain securities. S&P Global Ratings projected the euro stablecoin market could grow 1,600x to €1.1 trillion by 2030, driven by asset tokenization demand under the EU's MiCA regulation. Analysis highlighted that the success of RWA depends on robust risk quantification, structured design, and regulatory compliance. The trend of on-chain perpetual stock contracts was identified as a key channel for absorbing traditional finance liquidity into crypto, though it faces a race against potential future regulation. Tether's significant gold acquisitions, over 70 tons last year, were noted as backing for its XAUt token, making it a major force in the gold market.

marsbit02/06 07:59

RWA Weekly: Hong Kong Monetary Authority Aims to Issue First Batch of Stablecoin Licenses by March, CME and Google Pilot Tokenized Cash

marsbit02/06 07:59

Spain’s BBVA Latest To Join Bank Consortium Launching Euro Stablecoin

BBVA has become the twelfth member of a European banking consortium that plans to launch a euro-pegged stablecoin in the second half of 2026. The consortium, which includes major banks like ING, BNP Paribas, and UniCredit, formed a joint venture called Qivalis to issue the stablecoin. Headquartered in Amsterdam, Qivalis is awaiting regulatory approval from the Dutch Central Bank. The initiative aims to create a MiCAR-compliant European alternative to the USD-dominated stablecoin market. Currently, no euro stablecoin ranks in the top ten by market cap, with USD-based tokens like USDT and USDC continuing to dominate.

bitcoinist02/06 07:52

Spain’s BBVA Latest To Join Bank Consortium Launching Euro Stablecoin

bitcoinist02/06 07:52

After Three Years at Multicoin, My Thoughts on Kyle the 'Shill King' Announcing His Exit

Kyle Samani, co-founder of Multicoin Capital, is stepping back from the firm, a move that reflects his strategic focus on pursuing asymmetric, non-consensual bets rather than managing a conventional fund. According to the author, a former Multicoin partner, Samani excelled at identifying and investing in high-conviction, contrarian theses—such as Solana’s potential as a "Nasdaq on-chain"—long before they gained mainstream acceptance. While some have questioned why Multicoin missed certain trends in the current cycle, like leading perpetual DEXs, the author explains that these areas had already become consensus plays, which did not align with Samani’s investment philosophy. His strength lay in early, non-consensus conviction. The author expresses confidence in Multicoin’s remaining team, noting their expertise in on-chain trading, AI, and regulatory strategy. Meanwhile, Samani is expected to explore new ventures, possibly in data-centric businesses. The piece concludes with a personal reflection: everyone has a unique “game” they are meant to play. For Samani, it was asymmetric investing; for the author, it’s building value-transfer protocols. The key is to focus on what one does best and play to win.

marsbit02/06 07:49

After Three Years at Multicoin, My Thoughts on Kyle the 'Shill King' Announcing His Exit

marsbit02/06 07:49

Gemini Cuts Jobs, Exits Crypto Betting to Refocus Core Exchange

Gemini is cutting up to 200 jobs and exiting its crypto betting initiatives to refocus on its core exchange business. This strategic shift aims to prioritize reliable income sources and strengthen compliance amid market volatility and regulatory pressures. The move reduces the company's exposure to legal risks and aligns its services with regulations in key regions like the US, UK, EU, and Australia. While layoffs are part of streamlining operations, the decision reflects a broader industry trend of prioritizing sustainable, compliant products over experimental offerings. The market has reacted calmly, viewing it as a sign of industry maturation. Gemini's future now hinges on operational discipline and regulatory alignment.

TheNewsCrypto02/06 07:22

Gemini Cuts Jobs, Exits Crypto Betting to Refocus Core Exchange

TheNewsCrypto02/06 07:22

TRON takes the lead! What Ethereum’s slip in USDT dominance means for DeFi

TRON has overtaken Ethereum in USDT dominance, capturing 44.97% of Tether’s supply compared to Ethereum’s 44.56%. This shift underscores the strategic importance of stablecoins in DeFi, as networks with greater stablecoin liquidity offer deeper markets for trading, lending, and borrowing. TRON’s USDT supply grew by 3.62% over the past month to 83.49 billion, while Ethereum’s fell by 5.6% to 82.74 billion. Despite Ethereum’s significantly larger Total Value Locked ($58 billion vs. TRON’s $4 billion), TRON is building a resilient DeFi foundation with 48% of its supply staked—limiting selling pressure and volatility. This combination of high staking and growing stablecoin liquidity creates a flywheel effect, positioning TRON as an emerging DeFi hub.

ambcrypto02/06 05:01

TRON takes the lead! What Ethereum’s slip in USDT dominance means for DeFi

ambcrypto02/06 05:01

Global Listing, 24-Hour Stock Trading? Analyzing the NYSE's On-Chain "Open Strategy"

The New York Stock Exchange (NYSE) has announced plans to develop a platform for trading and on-chain settlement of tokenized securities, marking a strategic move toward modernizing traditional equity markets. The initiative aims to introduce 7×24 hour trading by integrating blockchain-based post-trade infrastructure, enabling continuous operation beyond conventional market hours. Key innovations include the use of stablecoins for instant settlement, fractional share trading to enhance accessibility and liquidity granularity, and support for native digital securities with embedded governance features like voting and dividends. The platform emphasizes regulatory compliance, working with established institutions like BNY Mellon and Citi to incorporate tokenized deposits and ensure risk management. Rather than targeting retail investors directly, access will be limited to qualified broker-dealers, maintaining existing market structures while improving efficiency and global liquidity. This effort reflects a broader institutional embrace of blockchain to reduce settlement times, mitigate counterparty risk, and capture fragmented demand—positioning traditional finance to integrate technological advances without overhauling legal frameworks.

marsbit02/06 02:53

Global Listing, 24-Hour Stock Trading? Analyzing the NYSE's On-Chain "Open Strategy"

marsbit02/06 02:53

The First Snowfall in the Crypto Industry of 2026

In February 2026, the crypto industry faces a severe downturn, marked by capital flight, collapsing narratives, and a loss of faith. A meeting with a VC friend in Beijing sets the tone: investment has stalled for half a year, and even committed believers are questioning the future. The announcement of Kyle Samani, a key figure at Multicoin Capital, leaving the industry signals a deeper crisis. The collapse is attributed to the end of an era of cheap money, as global liquidity recedes and risk assets—including cryptocurrencies—plunge simultaneously. Bitcoin’s narrative as "digital gold" crumbles as it correlates closely with tech stocks, amplifying rather than hedging risk. The Web3 application narrative also falters, overshadowed by the rise of AI, which has captured capital and talent, leaving crypto’s promises looking increasingly hollow. Projects like Entropy and Bit[.]com shut down, while Gemini downsizes drastically. Developers shift focus to AI, and social media fills with nostalgia for the 2021 bull market. The upcoming Consensus conference in Hong Kong highlights the industry’s search for direction amid the wreckage. Yet, amid the despair, there is hope for a quieter, more grounded future. Blockchain technology may find practical, niche applications—in supply chain finance or digital identity—without the hype of get-rich-quick schemes. The path forward requires patience, introspection, and a commitment to solving real problems, not chasing fantasies.

marsbit02/06 02:15

The First Snowfall in the Crypto Industry of 2026

marsbit02/06 02:15

Crypto Morning Report: Crypto Market Bloodbath, Strategy Releases Q4 Earnings

Crypto Market Bloodbath: Key Updates & Strategy's Q4 Report The crypto market experienced significant turmoil, with Bitcoin dropping below $73,000. Major developments include: U.S. economic data showed higher-than-expected weekly jobless claims. The CFTC withdrew a proposal to ban political prediction markets. Treasury Secretary Scott Bessent testified that the U.S. will not "bail out" Bitcoin or direct banks to buy crypto, though the government holds over $15B in seized BTC. Policy moves included Virginia proposing a bill to create a state cryptocurrency reserve fund. The House launched an investigation into a $500M deal between a Trump-linked crypto project and an UAE entity. Company news featured Espresso releasing its ESP tokenomics with a 10% airdrop. Binance denied sending legal threats to a user who alleged insolvency. A wallet labeled Trend Research moved 8,000 ETH to Binance. Strategy Inc. reported a massive Q4 net loss of $12.4B, citing digital asset depreciation. It holds 713,502 BTC at an average cost of ~$76,052. Tether announced a $100M strategic investment in Anchorage Digital. The report also covered broader themes like AI's need for crypto-based trust systems and crypto's evolving role as a settlement layer for the internet economy.

marsbit02/06 01:15

Crypto Morning Report: Crypto Market Bloodbath, Strategy Releases Q4 Earnings

marsbit02/06 01:15

CEA Industries, YZi Labs clash over BNB treasury fees and control

A governance dispute has emerged between CEA Industries and YZi Labs, creating uncertainty around CEA’s corporate treasury strategy focused on BNB. The conflict centers on fee arrangements, governance authority, and a side agreement tied to CEA’s Asset Management Agreement (AMA) with 10X Capital, which manages its digital assets. CEA, which holds over 515,000 BNB (worth ~$438M), claims the unresolved agreement prevents cost reductions and lacks transparency. YZi Labs denies the agreement was secret or active, stating it was terminated in December 2025 and disclosed in regulatory filings. The disagreement has escalated into a broader governance battle, with YZi Labs seeking to reconstitute CEA’s board, citing governance failures. CEA’s board has adopted defensive measures, including a stockholder rights plan. The outcome may impact fee levels, board oversight, and the execution of CEA’s BNB treasury strategy.

ambcrypto02/05 21:11

CEA Industries, YZi Labs clash over BNB treasury fees and control

ambcrypto02/05 21:11

Stablecoins hit a turning point as Fidelity launches FIDD – Details

Stablecoins are entering a new competitive phase, marked by major institutional entries. Fidelity Investments has officially launched FIDD, a USD-backed stablecoin available on Ethereum to retail and institutional users, redeemable 1:1 for dollars. Separately, CME Group is exploring the launch of its own token to improve efficiency in margining and tokenized cash. Meanwhile, Base has surpassed Ethereum in monthly stablecoin transfer volume, signaling a market shift where users prioritize lower fees and faster execution over established brands. This indicates the stablecoin market is expanding beyond a few dominant players and moving toward mainstream adoption.

ambcrypto02/05 19:03

Stablecoins hit a turning point as Fidelity launches FIDD – Details