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.

Cardano Gains Institutional Momentum as Smart Contract Fund Exposure Surges

Institutional investors are increasing their exposure to smart contract platforms, with Cardano (ADA) becoming a central focus. Grayscale Investments has raised its ADA allocation in its Smart Contract Fund to 20.2%, making it the fund's third-largest holding behind Ethereum and Solana. This signals growing institutional confidence in Cardano's long-term ecosystem, despite ongoing market weakness and ADA's price trading near key support at $0.24. Additionally, Cardano has integrated with LayerZero, enabling cross-chain interoperability with over 80 blockchains. This aims to improve liquidity and DeFi access by allowing direct asset and data transfers between networks like Ethereum and Solana. Further roadmap upgrades focus on scalability, privacy sidechains, and stablecoin integrations to attract institutional use cases. While technical indicators remain cautious, the institutional accumulation and ecosystem developments suggest strengthened long-term positioning.

bitcoinist02/25 00:01

Cardano Gains Institutional Momentum as Smart Contract Fund Exposure Surges

bitcoinist02/25 00:01

The Person Who 'Killed' PayPal Wants to Buy It

A potential acquisition that could reshape the global payments landscape is under discussion, as Stripe—valued at $159 billion—is reportedly considering acquiring all or parts of PayPal, which has a market cap of just $43 billion. The news drove PayPal’s stock up nearly 7%. PayPal has faced significant challenges: its stock fell 46% over the past year amid rising competition from Apple Pay, Google Pay, and agile rivals like Adyen and Stripe. Despite its vast user network of 438 million active accounts and strong presence in cross-border transactions, PayPal has struggled to keep pace with shifting user behaviors and the rise of embedded and social payments. However, PayPal retains valuable assets, including Braintree (processing around $700 billion annually), Venmo (with 100 million monthly active users), and a deeply entrenched global payments infrastructure. A key underlying motive for the deal is stablecoins. PayPal launched its own stablecoin, PYUSD, adopting a centralized approach to digital currency. In contrast, Stripe has pursued an infrastructure-focused strategy, acquiring stablecoin infrastructure firm Bridge and launching “Open Issuance”—a platform that enables businesses to issue their own stablecoins. Stripe is also developing Tempo, a Layer-1 blockchain aimed at challenging traditional settlement networks like SWIFT. A combined Stripe-PayPal entity could create a powerful Web3 payment ecosystem, integrating PYUSD with Tempo’s fast, low-cost transactions and leveraging Venmo’s user base. This could also support emerging use cases like AI Agent payments, where machines transact autonomously using crypto wallets. Regulatory and cultural hurdles remain significant, and the deal is still in early stages. But the talks signal a broader industry shift: future dominance in payments may belong to those who control next-generation infrastructure, not just scale.

比推02/24 23:42

The Person Who 'Killed' PayPal Wants to Buy It

比推02/24 23:42

Stablecoin Payments On Instagram, WhatsApp, And Facebook Planned For H2 2026

Meta Platforms is reportedly preparing to reenter the digital payments space by integrating stablecoin-based transactions across Instagram, WhatsApp, and Facebook, targeting a rollout in the second half of 2026. Unlike its previous attempt with the Diem (formerly Libra) project, which faced regulatory pushback and was shut down, Meta is now seeking third-party partnerships to support the infrastructure. Payments company Stripe, which recently acquired stablecoin infrastructure platform Bridge and whose CEO joined Meta’s board, is a leading candidate. If implemented, the move could enable instant cross-border payments for Meta’s over 3 billion users, potentially accelerating mainstream crypto adoption.

bitcoinist02/24 22:32

Stablecoin Payments On Instagram, WhatsApp, And Facebook Planned For H2 2026

bitcoinist02/24 22:32

Terraform’s $40B Collapse Back in Spotlight as Jane Street Faces Insider Trading Lawsuit

Terraform Labs' $40 billion collapse is back in the spotlight as Jane Street faces an insider trading lawsuit. The complaint, filed by Terraform's bankruptcy administrator, alleges the trading giant used confidential information to avoid losses and hasten the ecosystem's downfall in May 2022. It claims Jane Street obtained non-public details through a former Terraform intern and executed trades minutes after Terraform secretly removed 150 million UST from a liquidity pool, before the information was public. Jane Street denies the allegations, blaming Terraform's management for the collapse. The case could set a precedent for oversight of institutional trading and information asymmetry in crypto markets.

bitcoinist02/24 21:02

Terraform’s $40B Collapse Back in Spotlight as Jane Street Faces Insider Trading Lawsuit

bitcoinist02/24 21:02

WLFI's Deletion Sparks Crash Speculation: Trust Crisis in a Bear Market

Amid a bearish market sentiment, the deletion of a tweet by Eric Trump, co-founder of World Liberty Financial (WLFI), triggered widespread speculation and panic. On February 23, Eric Trump retweeted and then deleted a post about Binance listing more USD1 trading pairs. This action led to a temporary depegging of USD1 to 0.9802 against USDT and a nearly 10% drop in WLFI’s price, though both later recovered. The incident fueled FUD (fear, uncertainty, and doubt) on social media, with rumors suggesting Eric had purged all crypto-related tweets or that internal issues plagued the Trump family. WLFI quickly responded, claiming it was a coordinated attack where hackers breached multiple co-founders’ accounts, spread panic, and attempted to profit by shorting WLFI. They later clarified that only X accounts were compromised, not WLFI or USD1 contracts. However, skepticism arose. Observers noted that only one retweet was removed—not a mass deletion—and no significant shorting activity was detected. Some linked the event to an upcoming major investigation announcement by on-chain detective ZachXBT, though market data did not strongly tie it to WLFI. Critics also questioned WLFI’s narrative, suggesting the “hack” claim might be a cover-up or misdirection. The event highlights the crypto community’s heightened sensitivity and distrust during bear markets, where minor actions can spark exaggerated reactions and conspiracy theories.

比推02/24 15:15

WLFI's Deletion Sparks Crash Speculation: Trust Crisis in a Bear Market

比推02/24 15:15

Ondo and Binance Join Forces to Broaden Tokenized Stock Investment Channels for Hundreds of Millions of Binance Users

Ondo Finance has partnered with Binance to list its tokenized U.S. stocks and ETFs on the exchange, providing access to hundreds of millions of Binance users globally. Ten tokenized assets—including Apple (AAPLon), Google (GOOGLon), Tesla (TSLAon), NVIDIA (NVDAon), and Invesco QQQ Trust (QQQon)—are now available on Binance Alpha. Since its launch in September 2025, Ondo Global Markets has reached over $550 million in total value locked (TVL) and facilitated more than $11 billion in cumulative trading volume. The tokens provide economic exposure to traditional equities but are not available to U.S. users. They are regulated as securities in certain jurisdictions and come with associated risks, including market volatility and potential loss of investment.

marsbit02/24 14:37

Ondo and Binance Join Forces to Broaden Tokenized Stock Investment Channels for Hundreds of Millions of Binance Users

marsbit02/24 14:37

When Elections Are No Longer Scarce, How Do Prediction Markets Break Through with 'Fandom Culture'?

With the increasing saturation of prediction markets, platforms are shifting their competitive focus from public macro-events to niche, community-driven content—particularly leveraging "fan culture" as a differentiator. Early leaders like Polymarket and Kalshi built trust through regulatory compliance, liquidity, and macro-themed markets (e.g., elections, geopolitical events), but these topics lack exclusivity and are easily replicated. Emerging platforms on networks like BNB Chain are instead cultivating hyper-specific, emotionally charged markets around community-centric topics: Binance ecosystem updates, celebrity appearances, or esports outcomes. These "fan-driven" markets—though not globally significant—generate high engagement within dedicated circles, transforming speculation into participatory narrative-building. This approach lowers entry barriers, amplifies social sharing, and fuels transactional activity through concentrated emotional investment. Crucially, such culture-bound markets create defensible advantages: they thrive on localized discourse, foster recurring interaction, and resist replication by outsiders. Asian crypto communities, for instance, naturally gravitate toward personality-driven narratives and ecosystem gossip, making fan culture a potent growth lever. The real edge lies not in technical infrastructure but in deep cultural alignment—turning prediction platforms into inseparable components of community identity.

比推02/24 14:13

When Elections Are No Longer Scarce, How Do Prediction Markets Break Through with 'Fandom Culture'?

比推02/24 14:13

RedotPay Eyes $1B US IPO at $4B+ Valuation

Hong Kong-based stablecoin payments firm RedotPay is reportedly preparing for a potential US IPO that could raise over $1 billion, valuing the company at more than $4 billion. The company is working with major banks including JPMorgan Chase and Goldman Sachs on the offering, which may occur as early as this year. Launched in April 2023, RedotPay has grown rapidly, serving 6 million users and processing $10 billion in annualized payment volume. It offers stablecoin-linked payment cards, multi-currency wallets, and cross-border payment solutions. In 2025, the company raised $194 million across three funding rounds, achieving unicorn status. The move reflects broader investor interest in stablecoin infrastructure, as firms like RedotPay bridge traditional finance with blockchain-based settlement systems. A successful IPO would mark a significant milestone for the stablecoin payments industry.

TheNewsCrypto02/24 12:27

RedotPay Eyes $1B US IPO at $4B+ Valuation

TheNewsCrypto02/24 12:27

The Payment Empire PayPal Might Be Bought Out

The once-dominant global payment giant PayPal is reportedly facing a potential acquisition, as its market value plummeted from a pandemic peak of $363 billion to a recent low of $38 billion—a nearly 90% drop over five years. Despite its pioneering role in enabling cross-border e-commerce, particularly for Chinese exporters in the mid-2000s, PayPal has struggled to keep pace with newer, more agile competitors like Stripe, Apple Pay, and various neobanks. Recent financial performance has been weak, with active user growth slowing to just 1% and transaction volume declining. The abrupt departure of its CEO and appointment of a new leader from HP—known for cost-cutting rather than product innovation—has fueled market skepticism. Critics, including former executive David Marcus, argue that PayPal lost its "mojo" by shifting from a product-driven to a finance-oriented culture, sacrificing long-term vision for short-term financial optimization. While subsidiary Venmo shows strong revenue growth and has become a verb among U.S. millennials, it faces challenges: user growth is stagnant, it remains confined to the U.S., and it lacks deeper integration like Stripe or the hardware-level ease of Apple Pay. PayPal’s bets on stablecoins (PYUSD) and AI-driven agentic payments are still unproven in highly competitive fields. Despite valuable assets—including Braintree’s infrastructure, a leading BNPL service, and 400 million active accounts—PayPal’s future as an independent company is uncertain. Market confidence now seems higher in a potential acquisition than in its standalone prospects, marking a dramatic fall for a former fintech disruptor.

marsbit02/24 11:44

The Payment Empire PayPal Might Be Bought Out

marsbit02/24 11:44

MEXC Ranks No. 1 in XAUT Perpetual Volume Globally, Demonstrating Strong Liquidity and User Activity

MEXC has achieved the top ranking in global Tether Gold (XAUT) perpetual trading volume, demonstrating strong liquidity and growing user engagement in digital commodity trading. As gold prices reached record highs in early 2026, demand for tokenized gold assets increased. MEXC expanded its real-world asset (RWA) offerings in response. Third-party data from CoinMarketCap, CoinGecko, and CoinGlass confirms MEXC's leading position, with total XAUT perpetual volume reaching $3.43 billion. The exchange is also hosting a "Commodity Zero-Fee Gala" until March 7, 2026, offering zero-fee trading on eligible pairs and a prize pool of up to $1 million. MEXC continues to prioritize user access to digital asset opportunities through zero fees, diverse offerings, and deep liquidity.

TheNewsCrypto02/24 10:20

MEXC Ranks No. 1 in XAUT Perpetual Volume Globally, Demonstrating Strong Liquidity and User Activity