Solana’s leading DEX aggregator Jupiter is launching JupUSD to serve as the backbone of its ecosystem in partnership with Ethena Labs. Jupiter, a decentralized trading platform on Solana, has announced plans to launch its stablecoin in partnership with Ethena Labs. The new token, called JupUSD, is scheduled to go live in mid–Q4 2025. According to an X post on Wednesday, JupUSD will be integrated across all Jupiter products, serving as collateral on its perpetual futures exchange, a liquidity asset in Jupiter’s lending pools and a trading pair. According to Jupiter, the stablecoin will be 100% collateralized by Ethena Labs’ USDtb, a dollar-pegged token backed by short-term US Treasury assets. Over time, USDe, Ethena’s synthetic dollar, will be added as collateral to optimize yield rates. Read more
Crypto exchange Gemini is expanding its offering in Australia with a local entity and team, and plans to sit back and watch the country’s consultation on crypto laws. US crypto exchange Gemini is set to expand its offerings in Australia with the launch of a new locally registered entity, and is taking a wait-and-see approach to recent draft laws expected to broaden oversight of the crypto sector. Gemini’s head of Asia Pacific, Saad Ahmed, told Cointelegraph that Australia’s crypto penetration is “quite significant, somewhere in the range of 23 to 25%” which leaves the exchange with “headroom for growth.” On Thursday, the exchange said it created a local entity registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), the country’s financial intelligence agency, enabling it to provide access to local payment rails. Read more
MetaMask is partnering with Polymarket to offer all markets on the prediction platform, with the integration slated for later this year. Crypto wallet MetaMask will tap Polymarket later this year to expand its offerings to prediction markets, aiming to get in on the booming sector that has caught Wall Street’s attention. The integration will make Polymarket directly available through MetaMask’s wallet, enabling users to buy and sell “shares” to bet on real-world events from elections and sports to a company’s earnings results. MetaMask’s global product lead, Gal Eldar, told Cointelegraph that the partnership is part of the firm’s goal to evolve from a crypto wallet into a gateway to global, democratized finance. Read more
The team of 47 professionals from the blockchain industry will help research and develop privacy features for the Ethereum layer-1 network. The Ethereum Foundation, which oversees the development of the Ethereum network, announced the “Privacy Cluster,” a team of 47 experts across the blockchain industry tasked with bringing privacy features to the layer-1 smart contract network. Ethereum’s privacy cluster brings together researchers, engineers and cryptographers to develop protocol-level privacy features, including private payments and private decentralized identity solutions, according to a Wednesday announcement. The Foundation introduced Privacy Stewards for Ethereum (PSE), a privacy-focused research and development initiative, in September, and the Privacy Cluster will work closely with PSE to build out privacy-preserving enhancements. Read more
Senate Republicans initially said they planned to pass digital asset market structure before 2026, but consideration of the bill was already delayed before the shutdown. Wisconsin Representative Bryan Steil, one of the original cosponsors of the House of Representatives’ crypto market structure bill, the CLARITY Act, said Republicans’ timeline of passing the legislation before 2026 was still the plan, despite the ongoing government shutdown. In a Wednesday CNBC interview, Steil said Republicans’ plan for passing legislation to establish what they called regulatory clarity for the digital industry was still on track. Party leaders in the Senate pledged to have the chamber’s version of the bill signed into law by 2026, but as the government shutdown entered its eighth day, many in the industry have voiced concerns. “I think we still have an opportunity to get CLARITY across the line by the end of the year,” said Steil, adding: “I’m hopeful that as we come on the other side of the shutdown that we have an opport...