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The Bank for International Settlements used its Annual Economic Report 2026, published Sunday, to argue that stablecoins still fall short of money on singleness, elasticity, interoperability, and integrity.The report estimated that even at $1 trillion to $3 trillion in market value, wider adoption would have only a modest net effect on output while straining bank funding and credit.It again pitched a tokenized “unified ledger” anchored in central bank money as the safer path, and warned of “stablecoin dollarization” in emerging economies.

Story has transitioned to DATA Foundation, shifting its focus from general intellectual property infrastructure to AI training data.The foundation also launched Trace, an onchain registry for AI training data, alongside a “flagship” integration with Kled that brings more than 1.5 billion user-contributed records onto the DATA network.

The decline in search volumes this month coincides with aggregate stablecoin supply having reversed its ten-month expansion.The following is an excerpt from The Block’s Data and Insights newsletter.

Hackers infiltrated Polymarket’s website via a compromised third-party vendor, the company said, swiping millions in crypto from users.

LCP adds legal context to AI-agent deals as machine payments move from experiments into commerce.Founding contributors include major crypto, cloud, and enterprise firms seeking clearer rules for autonomous transactions.The protocol complements payment rails by recording consent, applicable terms, jurisdiction, and dispute paths clearly.

Most Pump.fun launches lose trading activity within hours, showing how thin meme demand can be.Only 4.55% of tokens lasted over 90 days, making long-running projects rare on the platform.The data comes as top meme coins keep sliding, adding pressure on speculative token markets.

OpenPayd has secured MiCA authorization, allowing it to offer regulated crypto services across the European Economic Area through a single license.The company said the approval covers fiat to stablecoin conversions, custody, wallet infrastructure, and stablecoin transfers across major blockchain networks.OpenPayd announced the authorization days before the July 1 MiCA deadline as crypto firms across Europe race to secure regulatory approval.

Meta has reportedly assigned a dedicated team to build Arena, a standalone prediction markets app that could compete with Polymarket and Kalshi.The proposed platform would initially use a points based system, though The New York Times reported that real money wagering remains under consideration.Meta’s reported entry comes as prediction markets face growing scrutiny from U.S. lawmakers, regulators, and gaming industry groups over oversight and consumer protection concerns.

Oobit said Brazilians can deposit reais (BRL) into its app, hold funds in Tether’s USDT stablecoin, and spend using PIX, Brazil’s instant payment network, which boasts nearly 170 million users.In 2024, the payment app secured $25 million in a Series A funding round led by Tether and Solana co-founder Anatoly Yakovenko.

mGLOBAL is a security token developed by tech provider Midas to track Fasanara Capital’s Global Diversified Alternative Debt strategy.Holders will now be able to deposit mGLOBAL tokens on Aave Horizon to borrow USDC while retaining full exposure to the underlying strategy.

The initiative follows bets on stablecoins and the metaverse.

Franklin Templeton has completed its acquisition of 250 Digital and launched a new crypto-focused division called Franklin Crypto.The asset manager continues expanding across crypto markets through Bitcoin-linked ETF filings and tokenized fund partnerships.RWA.xyz data shows Franklin Templeton’s tokenized assets have grown from $768 million to over $2.5 billion in a year.

The Bank of England published a policy statement and draft Code of Practice for systemic stablecoin issuers, replacing previously proposed holding limits with a £40 billion ($52.9 billion) temporary issuance guardrail per stablecoin.Feedback on the framework is due by Sept. 22, with the central bank aiming to finalize the code by the end of 2026 so recognized systemic stablecoin issuers can begin operating under the regime in 2027.

Bitget launched Stock+, enabling crypto-funded purchases of full and fractional U.S. stocks through regulated brokers.

Bitget Stock+ lets eligible users buy real U.S. stocks using crypto converted into USDC directly.Users can receive dividends and split adjustments, while trades follow U.S. market trading sessions.Launch fees start at 0.1%, with a 50% discount available through August 31, 2026 initially.

An attacker drained the infamous jaredfromsubway.eth MEV bot on Saturday after baiting it into approving attacker-controlled contracts to spend its tokens.Onchain security firm Blockaid and others valued the drain at roughly $7.5 million in WETH, USDC and USDT.The attacker consolidated the proceeds into about 4,427 ETH and routed 1,000 ETH through Tornado Cash.An X account using the bot’s name claimed a $15 million loss and offered a $1 million bounty, but evidence suggests it is a likely impersonator.