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My Neynar Score is 0.75. Check your score

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Brian Armstrong, CEO of the exchange Coinbase, has warned in a blunt tone that any attempt to reopen or rewrite the GENIUS Act is crossing a red line. According to Mihan Blockchain, he accuses banks of trying to prevent competition from stablecoins and fintech platforms and prevent the spread of new financial models by applying political pressure and lobbying in the US Congress.

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The Ethereum Foundation has released a new technical roadmap focused on the security of zero-knowledge proof-of-concept virtual machines (zkEVMs). The plan outlines three critical milestones by the end of 2026. The change comes after reducing proof time from 16 minutes to 16 seconds and reducing costs by a factor of 45. However, the foundation cautioned that security remains a major challenge, with many zkEVMs operating on unproven mathematical guesses.

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Coinbase has taken a new step in its ambitious path to becoming an all-in-one app. The major American exchange has announced that it will add stock trading and prediction markets to its services, a move that shows that Coinbase no longer wants to remain just a cryptocurrency trading platform and is looking to play a broader role in the financial world.

The heavy outflows from Bitcoin and Ethereum exchange-traded funds (ETFs) continue. As investors have turned to risk-off, some Solana and XRP-related funds have seen inflows. Over the past four days, Bitcoin ETFs have seen a total outflow of $277.09 million, while Ethereum funds have seen outflows of $224.26 million.

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Tokenized US Treasuries are becoming the new foundation of the DeFi ecosystem, gradually replacing purely crypto-based collateral. Over the past 18 months or so, the value of these instruments has increased from less than $2 billion to around $9 billion, significantly expanding their role in blockchain markets. According to data from the rwa.xyz platform, the total real-world assets tokenized on public blockchains have reached around $19 billion, with the majority of them being US government debt and fixed income instruments. These securities now play the same role they do in the multi-trillion dollar US repo market: as underlying collateral for the settlement of other financial transactions.

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