Stablecoin adoption in Europe is shifting from strategy to execution, with demand increasingly driven by real-world needs. Banks and corporates across Europe are moving beyond exploration and are now actively selecting infrastructure partners to support stablecoin adoption, according to Lamine Brahimi, co-founder and managing partner at crypto custody technology provider Taurus. Brahimi told Cointelegraph that 18 months ago, most conversations were still educational, focused on understanding stablecoins and their risks. Today, firms with board-level approval are preparing to go live. He said the introduction of the EU’s Markets in Crypto-Assets Regulation (MiCA) has accelerated that transition by replacing fragmented national rules with a single bloc-wide regulatory regime. “In the past 12 months alone some of Europe's most stringent financial institutions are all arriving at the same conclusion, digital assets, including stablecoins, belong inside the existing banking stack, not beside it,” he said. Read mor...
Staunch crypto advocate Senator Cynthia Lummis said the country should not risk its financial future by further delaying the CLARITY Act. A leading crypto advocate in the United States Senate, Senator Cynthia Lummis, has warned that her colleagues must pass the CLARITY Act, which aims to provide the crypto industry with clearer regulatory oversight, soon, or risk waiting almost another four years to move the industry forward. “This is our last chance to pass the Clarity Act until at least 2030,” the Wyoming Republican said in an X post on Friday. “We can’t afford to surrender America’s financial future,” she added. Her comments come as crypto industry participants begin to worry that the bill’s chances of passing this year are narrowing, with US midterm elections in November potentially changing congressional priorities and slowing momentum on the highly anticipated crypto legislation. Read more
Polymarket links briefly appeared under mainstream outlets in Google News results for event-driven queries but were later removed. Polymarket betting markets reportedly appeared inside Google News results alongside established news publishers before disappearing. A Google spokesperson told The Verge that the platform’s appearance in News was an error. “This site briefly appeared in Google News in error, and it is no longer surfacing in News,” spokesperson Ned Adriance reportedly said. Before removal, Polymarket links were shown directly beneath mainstream outlets when users searched event-driven queries. In one example cited by website Futurism, a search for “will ships transit the strait” related to the Strait of Hormuz returned a Polymarket market predicting outcomes on vessel passage alongside reporting from Reuters and The Guardian. Read more
The Ethereum treasury firm aimed to launch a $1.5 billion yield-bearing ETH fund but will now halt its plans following the mutual decision to end the deal. Ether Machine has called off its planned public debut after the Ethereum treasury-focused firm and Dynamix Corporation agreed to terminate their merger, citing deteriorating market conditions. In a Saturday post on X, Ether Machine said the decision to end the deal was mutual and effective immediately. The transaction had aimed to take the firm public through a merger with the Nasdaq-listed special purpose acquisition company (SPAC), alongside involvement from The Ether Reserve LLC. “The Ether Reserve LLC, together with certain other parties thereto, announced today that they have mutually agreed to terminate their previously announced Business Combination Agreement, effective immediately, as a result of unfavorable market conditions,” the firm wrote. Read more