MetaMask moves into stablecoins. OpenSea adds cross-chain buying. And Stargate enters one of the first serious onchain acquisition proposals. Here's what we're tracking.
LayerZero bids for Stargate in rare onchain M&A
LayerZero has offered the Stargate DAO a buyout worth nearly 7x revenue. Stargate is the DAO-governed bridge built on top of LayerZero infrastructure. The deal would consolidate control while distributing the protocol’s treasury to DAO holders.
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It’s one of the first real onchain acquisitions with public deal terms. SGV member Lawson is leading the governance process.
Listen to the breakdown on Bell Curve.
MetaMask launches its own stablecoin with Bridge and M0
MetaMask USD is a new stablecoin embedded directly into the wallet. It powers onramps, swaps, bridging, and real-world spending through the MetaMask Card.
This lets MetaMask control both the experience and the yield. User balances generate treasury-rate yield, while the wallet becomes a full consumer finance stack.
MetaMask is now more than a wallet. It is becoming a stablecoin-native bank for crypto users.
OpenSea supports EVM NFTs purchased with SOL
Users can now buy Ethereum NFTs using SOL directly on OpenSea. Bridging and chain switching happens behind the scenes.
This is a strong step toward consumer-level interoperability, especially from a large incumbent marketplace. Expect similar flows to become default across wallets and exchanges.
Zora x Delphi: programmable ad revenue as creator yield
Delphi’s Jordan explored how Farcaster-style platforms could route ad revenue in a fully programmable way.
Twitter distributes about 25 percent of premium revenue to creators. A crypto-native model could route 80 percent to creators, 10 percent to users, and deliver it trustlessly to content coin holders.
This turns attention into yield. Viral posts could become revenue-generating assets. Curators could earn by identifying breakout content. The result is an economy built on more than speculation.
Polymarket launches ‘Breaking News’ feed
Polymarket introduced a new feature highlighting the markets with the biggest price changes in the last 24 hours.
This is a live feed of information markets reacting to real events. The idea is simple: if the market is moving, news probably just happened.
Prediction markets are no longer just instruments. They are becoming information layers.
Bullish settles $1.15 billion IPO in stablecoins
Bullish, the regulated crypto exchange backed by Block.one, completed its $1.15 billion IPO and settled the proceeds entirely in stablecoins.
This is a clear milestone for crypto capital markets. The company offers deep liquidity and hybrid orderbook infrastructure, and is now the first to run a major raise fully in digital dollars.
The IPO may not have captured headlines, but it validates stables as institutional-grade settlement rail.
Closing thought
Wallets are launching their own financial primitives. Prediction markets are becoming news aggregators. NFTs are going cross-chain by default. And onchain governance is starting to look like corporate M&A.
This is infrastructure turning invisible. We are backing the teams that make it useful.
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