โ๏ธ (2025.08.22) Summary and Comments on Major Cryptocurrency News
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1๏ธโฃ MetaMask Launches mUSD Stablecoin, Issued Through Stripe-Owned Platform
๐ (Summary)
-MetaMask reveals its own stablecoin, mUSD
- It will be issued through Bridge, a stablecoin issuance platform based on Stripe
- It is expected to be minted using M0
- The launch is scheduled for the end of this year, with the first launch on Ethereum and Linea chain
- It is expected to be used as a payment method on the MetaMask card
โ๏ธ (Personal Comment)
- MetaMask is also launching a stablecoin
- But honestly, if it's issued through M0 and Stripe
- It feels more like a MetaMask-branded stablecoin rather than a true MetaMask stablecoin
- They seem to have ambitions to expand externally based on this stablecoin for payments and more
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2๏ธโฃ StarkNet Passes Governance for Bitcoin Staking Introduction
๐(Summary)
- StarkNet SNIP-31 proposal has passed
- This will now support Bitcoin staking
- Bitcoin stakers will receive a 25% STRK staking reward
โ๏ธ (Personal Comment)
- StarkNet is actively working on enhancing the Bitcoin ecosystem
- Personally, I see this as a quite significant update
- For Bitcoin holders, staking on StarkNet and earning STRK rewards is
- In a way, it could be seen as a very safe way to earn interest on Bitcoin
- If native Bitcoin starts appearing on StarkNet after OP_CAT, it might gain even more traction
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3๏ธโฃ AAVE Expands to Aptos as First Non-EVM Chain
๐ (Summary)
- AAVE has launched on Aptos
- This is the first expansion of AAVE to a non-EVM chain
- The Aptos Foundation is expected to provide rewards for initial bootstrapping
- To facilitate this, AAVE v3 has been adapted to the MOVE version
โ๏ธ (Personal Comment)
- AAVE expanding to Aptos, wow
- It seems like AAVE is really good at making money
- The development costs they receive for each chain expansion must be enormous
- On the other hand, Aptos is currently distributing significant grants
- I feel like it's time for outputs to start coming out, but will they?
- It seems there are no bootstrapping incentives yet
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4๏ธโฃ Injective Partners with Republic to Promote Onboarding of Unlisted Stocks
๐ (Summary)
- Injective announced the introduction of a feature to purchase unlisted stocks through Republic
- This is a structure that reflects the price of those stocks as a kind of Mirror token
- Onboarding of stocks like OpenAI, SpaceX, Epic Games
- Various stocks, including DAT companies, are expected to be onboarded later
โ๏ธ (Personal Comment)
- Injective is always serious about RWA
- Personally, I think expanding more is Bullish
- One downside is that liquidity is often lacking when expanding like this
- If they could make it easier to issue or redeem
- It would allow users to trade much more comfortably
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โ๏ธ (2025.08.19) Summary and Comments on Major Cryptocurrency News
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1๏ธโฃ PermDotFun Solana Meme Coin Surges Back in the Runway War
๐ (Summary)
- PermDotFun's meme coin market share had dropped to 5%
- This time it surged back to 90%
- This occurred alongside the collapse of LetsBonk
- LetsBonk once had an 80% market share but is now at 3%
- PermDotFun's buyback is also believed to have had a significant impact
โ๏ธ (Personal Comment)
- On the runway side, LetsBonk is just a complete collapse
- It seemed like it would shine for a moment
- But it seems that friends who play short-term ultimately don't change...
- Personally, I think if Bonk had been nurtured well, it could have grown much larger
- It's a bit disappointing
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2๏ธโฃ Debate on ChaosLab USDe Risks
๐(Summary)
- DeFi lenders are warning about USDe
- Currently, there is $6.4b in USDe lending
- $4.2b is in Pendle
- The biggest risk is mentioned to be in looping
- Additionally, $580m has been deposited in Aave from Essena
- If a withdrawal rush occurs, there could be issues with collateral assets
โ๏ธ (Personal Comment)
- Honestly, this is something that most DeFi users are aware of
- A significant portion of the stablecoin market cap is inflated by looping
- In fact, Aave has fixed the price of USDe to USDT
- Even if there is a de-pegging, the protocol itself wouldn't have issues
- However, a rapid increase in interest rates or user liquidations are certainly plausible scenarios
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3๏ธโฃ Japan to Launch Its First Stablecoin This Fall
๐ (Summary)
- Japan plans to launch its stablecoin this fall
- The JPYC stablecoin will be backed by assets such as government bonds
- It is expected to be utilized in various ways in DeFi
โ๏ธ (Personal Comment)
- Wow, Japan is always quick
- Even the mention of DeFi utilization suggests it might be a public chain
- It will be interesting to see which chain it is and what impact it will have on the Japanese stock market
- Personally, I feel Japan is always a step ahead of us in terms of crypto policy
- In five years, could Japan become the center of Asia?
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4๏ธโฃ Gemini Files for IPO, Aiming to List GEMI on Nasdaq
๐ (Summary)
- Gemini's S-1 filing was announced on Friday
- It appears they have applied to list under the ticker GEMI on Nasdaq
- The IPO price has not yet been disclosed
- The due diligence report shows a loss of about $282.5m during Q2 2025
- If successful, it will be the third cryptocurrency exchange to go public after Coinbase and Bullish
โ๏ธ (Personal Comment)
- Wait, with those earnings, they're going for an IPO...?
- Personally, I think the IPO trend for crypto companies
- With Gemini, it might be nearing the end of the trend
- The atmosphere was great until Bullish, but we'll see
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