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If Stripe and Advent acquired PayPal, it could speed up the shift of capital moving onchain, argues Polygon Labs executive Aishwary Gupta.William Blair analysts said the acquisition could strengthen Stripe’s stablecoin business, though they argued the benefit would likely be limited given PYUSD’s relatively small supply.

Glacis Labs has raised $6.8 million in a seed round led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, and other investors.Glacis aims to expand ZeroDelta, its multichain clearing platform for stablecoins, into tokenized securities and foreign exchange over time, CEO Jacob Blish told The Block.

Onchain data shows the Ostium attacker dispersing the stolen funds across multiple wallets after converting USDC into ETH.

Jesse Pollak admitted Base’s onchain social strategy failed to drive expected crypto adoption.Base will prioritize trading, stablecoin payments, and AI agent infrastructure through 2026.JPMorgan warned growing USDC revenue sharing could pressure Coinbase and Circle profits.

Blockaid linked Ostium’s $18 million exploit to a compromised oracle signer key.The attacker drained up to 28% of the protocol’s $63 million liquidity vault.Ostium halted trading as investigators probe the oracle-based attack.

Hackers manipulated Ostium's price feed by compromising an oracle signer key, allowing them to drain roughly $18 million from the Arbitrum-based perpetuals exchange.

SBI and DigiFT have launched the world’s first tokenized Japanese equity fund on Solana.The JX token offers accredited and institutional investors on-chain access to a high-dividend Japan equity strategy.SBI is expanding its blockchain business alongside Ripple partnerships and its upcoming 3% JPYSC stablecoin lending product.

Circle has won an arbitration case after an arbitrator ruled it lawfully suspended Heka Funds’ USDC minting and redemption services.Court records said Heka did not disclose Tether’s role as the fund’s main investor and Circle reasonably suspected possible market manipulation.The ruling comes as Circle continues expanding its institutional business with new banking initiatives and partnerships in the United States and South Korea.

Mizuho cut Circle’s price target to $50, warning Open USD could further squeeze stablecoin margins.Open USD shares reserve earnings with partners, challenging Circle’s existing distribution economics around USDC globally.Circle also faces margin pressure from Hyperliquid revenue-sharing terms despite recent federal banking approval milestone.

Mizuho downgraded Circle’s stock while JPMorgan lowered earnings estimates for both Circle and Coinbase.Bernstein and William Blair remain bullish, arguing Circle’s network effects and regulatory lead should help preserve its moat.

GOFR taps onchain lending protocols Aave, Morpho, Spark, Kamino, and others to offer a blended borrowing rate.Users will borrow capital from Galaxy, which will act as the sole intermediary between the accredited investors and the blockchain-based lending protocols.

JPMorgan cut earnings forecasts for Circle and Coinbase after the Hyperliquid USDC deal.The bank warned new revenue-sharing terms could pressure stablecoin profit margins.Analysts remain divided as higher interest rates may still support USDC earnings growth.

The European Central Bank selected 36 payment service providers for a 12-month digital euro pilot due to begin in the second half of 2027.The pilot will use a beta version of the digital euro to test payment functions, operational processes, and user experience at the ECB and 19 euro area national central banks.

UK and US have endorsed common stablecoin standards for cross-border finance and customer protection.Trump has continued pushing the Senate to pass the CLARITY Act before the August recess.Banking groups warn unclear stablecoin rules could accelerate deposit outflows from smaller banks.

US banking groups urged the Senate to tighten the CLARITY Act, citing stablecoin yield loopholes.Circle shares fell in pre-market trading as regulatory uncertainty added pressure to the stock.Baird cut its CRCL price target to $100 despite maintaining a positive long-term outlook.

JCB and Circle will test USDC for cross border treasury transfers and merchant payments in Japan.The first pilot will focus on JCB’s internal fund transfers before expanding to retail payment use.The agreement extends Circle’s institutional payments push following its U.S. trust bank approval and expansion across Asia.