Meta Plans Stablecoin Payments Revival For Later This Year

Social media titan Meta is preparing to reintegrate dollar-pegged stablecoin technology across its massive network of 3 billion global users. This strategic pivot aims to establish seamless payment rails for Facebook, WhatsApp, and Instagram participants.

The technical rollout is scheduled for the second half of 2026 to capitalize on a more permissive American regulatory environment. This timeline follows the passage of the GENIUS Act, which provided a legal framework for issuers.

Executive leadership initiated this specific stablecoin comeback because they seek to dominate social commerce and cross-border remittances while bypassing traditional bank fees. The firm prefers a third-party partnership this time to maintain a necessary regulatory distance.

Meta issued a request for proposal to infrastructure specialists like Stripe to facilitate the administration of these new digital wallets. Consequently, the company will likely leverage Stripe’s recent acquisition of Bridge to power its internal economy.

Terraform Estate Sues Jane Street Over Market Manipulation

The Terraform Labs bankruptcy administrator filed a lawsuit against Jane Street this Monday regarding the $40 billion ecosystem collapse. This legal action alleges that the quantitative trading firm used non-public information to rig the market during the 2022 depeg event. Administrators claim that the firm obtained advance insight into internal liquidity decisions to profit as TerraUSD lost its value.

Jane Street responded by describing the claims as baseless and opportunistic attempts to extract money from legitimate market makers. Legal experts suggest this case could set a significant precedent by treating private chat access as a form of legal liability. If proven, the lawsuit might broaden the definition of an insider within the decentralized finance sector during times of crisis.

Binance Partners With Ondo Finance For Tokenized Stocks

Binance officially re-entered the tokenized securities market this Tuesday through a strategic partnership with Ondo Finance. The exchange now offers 10 digital versions of major US stocks and ETFs, including Nvidia and Google, through its Binance Alpha platform. This launch marks the first time the company has offered these specific products since discontinuing similar services during 2021.

These assets operate on the Ondo Global Markets platform, which has already processed over $11 billion in cumulative trading volume. While the offerings are available to international users via Abu Dhabi regulatory approvals, they remain strictly prohibited for investors within the United States. Binance executives stated that the move addresses a clear global demand for blending traditional equities with digital asset portfolios.

Kraken Launches Perpetual Futures For Tokenized Stock Assets

Kraken introduced the first regulated perpetual futures contracts for tokenized US stocks for eligible non-US participants. These derivatives allow traders to access major indices like the S&P 500 and the Nasdaq 100 with up to 20x leverage. The product suite leverages the xStocks infrastructure to provide continuous trading opportunities for users in more than 110 different countries.

Unlike traditional equity markets, these perpetual contracts do not expire and remain active 24/7 to match the crypto-native trading environment. Each underlying token is fully collateralized and backed 1:1 by real assets to provide a stable pricing anchor for global investors. Kraken plans to expand the current lineup with additional exchange-traded funds to enhance the risk management experience for users.

Data of the Day

A solo Bitcoin miner beat staggering odds this Tuesday by validating block 938092 to earn a 3.125 BTC reward. The individual secured the $200,000 jackpot by renting approximately one petahash of computing power for a total cost of only $75. Using the CKPool service allowed this hobbyist to work independently without the massive hardware requirements of a traditional industrial facility.

While solo victories remain statistically rare, this event represents the 21st time an independent miner has succeeded during the past year. Data shows that these lucky payouts occur at an average interval of roughly 17 days for those using on-demand hashrate. This rare win arrived as the network difficulty climbed by 15% following a recovery from recent winter storms in America.

More Breaking News

• Coinbase expanded commission-free stock trading to all US users and partnered with Yahoo Finance to integrate trading buttons directly into asset pages.
• The Ethereum Foundation began staking $3.8 million in ETH to generate yield for ecosystem stewardship amid personal sales from founder Vitalik Buterin.
• Kalshi removed affiliate badges from X following a policy shift that tightened rules on the promotion of gambling and prediction market content.
• Arizona’s Senate advanced legislation to create a state-managed digital assets reserve fund seeded by seized Bitcoin, XRP, stablecoins, and even rare NFTs.
• Step Finance is ceasing all operations after a $40 million security breach last month left the Solana-based portfolio platform unable to recover.
• Russian authorities launched a criminal investigation into Telegram CEO Pavel Durov for allegedly facilitating terrorist activities by refusing to remove extremist content.
• Digital asset manager 21Shares launched a spot SUI ETF on Nasdaq, marking the latest institutional product tied to the Sui blockchain ecosystem.
• WisdomTree secured SEC exemptive relief to enable 24/7 trading and instant stablecoin settlement for its regulated, tokenized US Treasury money market fund.

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