Base Hands Its App to Cobie, Stripe Makes a $53B Move in Stables, Trump to Meet Today on Clarity Act
About this episode
The episode discusses the latest movements in the crypto market, major acquisitions in the financial sector, and regulatory developments in South Korea and Japan.
Crypto majors are mostly red in midweek pullback; BTC -1% at $64k; ETH +-.3% at $1,885; SOL -2% at $76; HYPE -3% at $65.75. ONDO (+15%), PYTH (+7%), VIRTUALS (+6%) and Mantle (+3%) led top movers. Oil even at $80; Gold even at $4,035. Stock futures are mixed; DOW +0.2%, Nasdaq -0.7%. Stripe bid $53 billion to acquire PayPal alongside Advent, a deal that would merge Stripe's Bridge and Tempo stablecoin rails with PayPal's PYUSD. Strategy’s CEO said the company feels “very secure” until Bitcoin hits $8,000-$10,000. Trump is expected to attend a White House meeting later today to hash out the CLARITY Act’s contested ethics section. Cantor Fitzgerald and Securitize are collaborating on blockchain-based IPOs, pushing tokenization from secondary trading into primary issuance. South Korea will modify a 76-year-old law to classify crypto as national assets, a foundational step toward integrating it into the financial system. Japan reclassified crypto as a financial asset, paving the way for a flat 20% capital-gains rate. Chamath published a 73-page report on crypto privacy, evaluating the models of Monero and ZCash amongst others. Powered by https://myriad.markets/markets
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