Breaking news from yesterday and thoughts
- The House is set to pass three major crypto bills in the next two days: the Genius Act, Clarity Act, and Anti-CBDC Act. Very pro-Bitcoin and anti-CBDC :3!
- Babylon BTCFi Summer is live. @babylonlabs_io dropped their first BSNs (Bitcoin Supercharged Networks), theyâre chains powered by Babylon BTC staking. BSNs plug into Babylon for Bitcoin backed security, native liquidity, and access to real BTC holders. In return, stakers get rewards and new DeFi opportunities for using BTC.
You stake BTC from your own wallet (no bridging or wrapping) to secure these chains and earn yield. Chains include Osmosis, TAC, Union, SUI, Birdlayer, Corn, NodeOps, Plume, BOB, Manta
- PayPalâs stablecoin PYUSD is now live on Arbitrum, per a stealth update to its crypto terms. Previously only listed on Ethereum and Solana, their July 16 update confirms Arbitrum support
- Citigroup is considering launching its own stablecoin to boost digital payments, their CEO Jane Fraser revealed after their earnings call. But she emphasized they see bigger potential in tokenized deposits over a standalone stablecoin right now.
- UK Smarter Web Company bought 325 more BTC for $36.45M. They now hold 1,600 BTC in total, worth $170.88M
- USDT0, the cross-chain version of USDT, just went live on Bitcoin L2 @rootstock_io
- Nevada firm BitMine, a former BTC miner now pivoting to an Ethereum focused treasury model, just disclosed holding 163,000+ ETH, worth $533M. This makes it the number 2 largest public ETH holder behind Ethereum Foundation and SharpLink
Crypto News from Yesterdayđš
Timestamp:
00:16 Bitmine holds 163k ETH ($533M)
00:59 USDT0 live on BTC L2 RootStock
01:40 Babylon announce BTCfi summer
BTCfi Summer ft @babylonlabs_io @rootstock_io @BitMNR
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