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Paradigm Leads $9 Million Round in Latin American Stablecoin App El Dorado
CeFi

Paradigm Leads $9 Million Round in Latin American Stablecoin App El Dorado

Paradigm has led a roughly $9 million round in El Dorado, the stablecoin-powered payments app that has signed up more than a million users across Latin America. The bet extends the venture firm's push into dollar-rails for emerging markets.
Standard Chartered Sets UNI 2030 Price Target at 40x Current Levels
DeFi

Standard Chartered Sets UNI 2030 Price Target at 40x Current Levels

Standard Chartered Global Research initiated coverage of Uniswap, with Geoff Kendrick framing the decentralized exchange as the trading hub for tokenized real-world assets and setting a $100 UNI price target for end-2030, roughly 40x current levels.
Sui Processes $65 Billion in Stablecoin Transfers in Five Days After Zeroing Out Fees
Blockchains

Sui Processes $65 Billion in Stablecoin Transfers in Five Days After Zeroing Out Fees

The Layer 1's gasless stablecoin design pushed transfer throughput to nearly $65 billion since June 10, recasting Sui as a fee-free settlement rail for institutional and agentic payments.
Bitcoin Tops $67,000 to Two-Week High After Trump Declares US-Iran Deal Complete and Hormuz Reopening
Markets

Bitcoin Tops $67,000 to Two-Week High After Trump Declares US-Iran Deal Complete and Hormuz Reopening

Bitcoin climbed past $67,000, its highest level in roughly two weeks, after President Trump declared the US-Iran deal "complete" and authorized reopening the Strait of Hormuz. Oil fell about 4% and around $150 million in crypto short positions were liquidated.
Exodus Puts 200-Plus Tokenized Stocks and ETFs Inside Its Self-Custody Wallet via Ondo
DeFi

Exodus Puts 200-Plus Tokenized Stocks and ETFs Inside Its Self-Custody Wallet via Ondo

The partnership routes Ondo Global Markets equity tokens into Exodus's non-custodial app on Solana, putting a full tokenized-equity menu inside a self-custody wallet. US users are excluded.
Blockchain Association Takes BRCA Preservation Fight to the Senate Floor
Regulation & Politics

Blockchain Association Takes BRCA Preservation Fight to the Senate Floor

The Blockchain Association brought member executives to Capitol Hill this week, reporting meetings with more than half the Senate as it presses lawmakers to preserve the BRCA developer-protection provision of the CLARITY Act before an August recess deadline.
CFTC Staff Give DCMs a Path to Convert Perpetual-Style Digital Commodity Futures Into True Perpetuals
Regulation & Politics

CFTC Staff Give DCMs a Path to Convert Perpetual-Style Digital Commodity Futures Into True Perpetuals

CFTC staff issued release 9252-26 on Friday, giving designated contract markets a no-action path to convert existing perpetual-style digital commodity futures into true perpetuals, advancing the agency's buildout of a regulated US crypto derivatives market.
'Peirce Out': A Decade of Dissent
People

'Peirce Out': A Decade of Dissent

She arrived at the SEC in 2018 as a Republican commissioner with light crypto baggage and left this week as the regulator whose quotes had narrated the industry's regulatory story. A retrospective on eight years of dissent.
CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets
Regulation & Politics

CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets

The federal derivatives regulator filed suit Thursday in federal court seeking to bar New Mexico from enforcing state gaming laws against CFTC-registered prediction-market exchanges, making New Mexico the eighth state to face federal litigation over the question of exclusive jurisdiction.
Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules
Regulation & Politics

Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules

Former CFTC and SEC chair Gary Gensler filed an amicus brief with the Sixth Circuit arguing that sports-event prediction markets are not swaps under Dodd-Frank, directly contradicting the CFTC's own position in the KalshiEX v. Ohio appeal.