Sygnum’s Fabian Dori says the GENIUS Act brings the U.S. closer to global consensus on stablecoin regulation, paving the way for real-world use cases. The GENIUS Act is poised to change the stablecoin landscape by steering issuers away from yield-based models and toward payment-focused use cases, according to Sygnum chief investment officer Fabian Dori. “The GENIUS Act was recently amended to create a clear separation between interest/yield-bearing stablecoins and those used for payments,” Dori told Cointelegraph. He said this brings the US framework closer to the EU’s Markets in Crypto-Assets (MiCA) regulation, laying the foundation for “global consensus.” Dori added that the real impact of the GENIUS Act goes beyond regulation. “By providing long-sought-after clarity, it gives confidence to organizations and issuers to develop original, innovative ‘killer apps’ that don’t just serve their customers’ current needs, but create demand for entirely new services, including payments,” he said. Read more
Divine Research has issued 30,000 unbacked USDC loans using Sam Altman’s World ID to verify borrowers, targeting underserved users. San Francisco-based lender Divine Research has issued around 30,000 unbacked short-term crypto loans since December, using OpenAI CEO Sam Altman’s iris-scanning platform World ID to verify borrowers. Divine offers loans under $1,000 in the USDC (USDC) stablecoin, mainly to overseas borrowers underserved by traditional finance. It uses World ID to ensure users cannot open multiple accounts after defaulting. “We’re loaning to average folks like high-school teachers, fruit vendors . . . basically anyone with access to the internet can get access to our funds,” Divine founder Diego Estevez told the Financial Times. “This is microfinance on steroids.” Read more
Pudgy Penguins shut down rumors of an OpenSea buyout, calling the speculation unnecessary and pointing instead to growing brand partnerships. Pudgy Penguins has denied speculation that it acquired NFT marketplace OpenSea, following a wave of social media chatter suggesting a deal may have closed as early as December 2024. In a Saturday post on X, Beau, head of security at Pudgy Penguins, dismissed the acquisition talk. “Pudgy Penguins didn’t buy OpenSea… chill,” he wrote. He claimed that the project has big plans, so there’s no need to focus on just one possible acquisition. “Talk about partnering with Lufthansa and NASCAR, and go find the next great brand for us to proliferate with,” Beau wrote. Read more
A crypto analyst disagreed with the statement, saying, “Everyone dies. At some point, investment returns become irrelevant.” A prominent crypto analyst has sparked debate in the Bitcoin community by claiming that Bitcoin OGs are losing confidence in the asset as it becomes increasingly adopted by institutions. “Many of the most ardent early whales have seen their faith shaken and have been selling at these prices,” Scott Melker, aka The Wolf of All Street, said in an X post on Saturday. “Bitcoin is amazing, but it’s obviously been co-opted to some degree by the very people that it was created as a hedge against,” Melker said. Read more
The Bitwise Invest executive admits he “could be wrong” but doesn’t see 2025 as the end of the upside for Bitcoin. Bitcoin’s price could see significant upside in 2026, bucking the traditional four-year market cycle, according to Bitwise chief investment officer Matt Hougan. The prediction comes as other analysts are divided on whether Bitcoin (BTC) will stray from its historical pattern or follow the traditional halving cycle and peak in the coming months. “I bet 2026 is an up year,” Hougan said in an X video on Friday. “I broadly think we’re in for a good few years,” Hougan added. Read more
Analysts call XRP’s dip on Thursday a healthy correction, while Galaxy Digital’s CEO says Ether could outperform Bitcoin within the next six months, and other news. The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years. In a Thursday court decision, Justices Stewart, Cheeseman and Meagher confirmed a previous judgment that Finder Wallet and Earn complied with consumer financial laws. The federal court “confirmed the initial finding that Finder Earn was not a financial product,” Finder said in a Thursday blog post. Read more
Solo miners successfully adding blocks to the Bitcoin blockchain network is a rare event, but still not impossible in 2025. A solo Bitcoin (BTC) miner successfully mined a block on Saturday, collecting the 3.125 BTC block reward, valued at $372,773. The miner, operating through the Solo CK pool, a solo mining service, successfully mined block 907283, which contained 4,038 transactions and block fees totalling $3,436. Rising network hashrate and difficulty make it increasingly harder for solo miners to compete with large-scale, corporate mining firms. Read more