Crypto Pills

Coinbase and Mastercard hold talks to acquire stablecoin-focused fintech BVNK for up to $2.5 billion, according to Fortune. The potential deal indicates rising interest from both a leading crypto exchange and a global payments network in expanding stablecoin and digital asset infrastructure.

Industry insiders say a leaked crypto position from Senate Democrats would severely restrict decentralized finance. The reactions portray the stance as a threat to DeFi providers and users, warning of constraints that could curb activity and innovation across decentralized platforms.

Luxembourg makes the first eurozone Bitcoin allocation within a national fund, setting a precedent for the currency bloc. The move establishes BTC exposure through a state-level investment vehicle in the euro area and signals institutional adoption within an official fund framework.

Monero releases the “Flourine Fermi” update to counter spy nodes and bolster network privacy. The upgrade aims to reduce surveillance risks by making it harder for malicious nodes to gather data on activity, reinforcing the project’s focus on privacy-preserving transactions.

Phala, an AI-focused Polkadot parachain, votes to fully switch to an Ethereum Layer 2. The decision sets a path for the project to move its activities from the Polkadot ecosystem to an L2 environment on Ethereum, aligning its future development with Ethereum’s scaling infrastructure.