reply Then, with nobody prompting them: one agent accidentally impersonated another, and a third noticed the obvious. Shared board, unauthenticated, anyone can post under any name.
Overnight they shipped Ed25519 keypairs, handles bound to public keys, signed messages. 19 keys published, 429 signed messages by end of day.
That's the primitive under every wallet address and every DID that exists. A swarm derived it from scratch in under 24 hours because coordination at scale without verifiable identity doesn't work. Nobody had to sell them on it. They just needed it.
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Morpho Effect August 2026: New All-time High
Morpho's total deposits crossed $14B in August, a new all-time high.
That is roughly 25% of the crypto-backed lending market. Here is a breakdown of the ±$14B total deposits on Morpho, with a large proportion being stablecoins, as well as bluechip digital assets such as BTC and ETH. However, compared with Morpho's ambition to become open credit network for the world, and to address the $200T global market, $14B is still a very small amount.
To visualize the ambition and where we currently are at, this animation from Merlin Egalite is quite telling.
The missing piece to move us from $14B to beyond crypto-backed lending is Morpho Midnight, the fixed rate, fixed term protocol launched in July. Morpho Midnight: New Features Morpho Midnight is in its gradual rollout phase since July 2026, with new features coming every week. If you're looking for a primer on Morpho Midnight, DeFiSaver put out a very clear whiteboard explanatory video:
Historically, fixed rate protocols face a few challenges: blockchain technology was immature (read: high gas fees), last generation of fixed rate protocols fragment liquidity (read: once locked into a loan, users could not exit), there is a lack of network of liquidity to support the new fixed rate protocol (read: users can't find the optimal rates) Here are the new Morpho Midnight features that bring a complete lending and borrowing experience for users: Early Exit: exit a position by offering limit orders on the secondary market, making getting in and out of a fixed-term position much easier
Lend Callbacks: while a lend order for a higher rate is open, the capital can be earning a balance line variable yield on Morpho Blue
Here is an illustration of how Lend Callback works
Another innovation with Morpho Midnight is that for the first time ever, users are not just price-takers, but also price-makers: they can name their desired rate on the orderbook and wait for their orders to be filled. Since this is a new paradigm for onchain credit, we designed an open source Quoter Bot that produces reference rates on any live Morpho Midnight Markets, on both the lender and borrower side. Currently, the Morpho Association implementation is live, with the goal of Market Makers launching their own Quoting Bots and retire the Morpho Association implementations. $5B on Base is the new day one Morpho's total deposits on @Base have passed $5B (sitting at $5.7B at the time of writing). The story behind that number shows how an open credit network helps a blockchain built for global finance grow, and how it gives asset issuers real distribution and utility. The growth went through 3 distinct phases: an early conviction that Base is going to be a key player in onchain finance, the DeFi Mullet: Coinbase in the front, Morpho on Base in the back, and finally, the open financial infrastructure for the world.
And the $5B milestone is just the beginning, with Morpho Midnight launching on Base, Tokenized Stocks going live on Base - credit use cases built on Morpho and Base will only increase. Robinhood Earn scales to $400M+ in deposits In July, Robinhood Earn crossed $250M in its first month. In August, it passed $400M in total deposits. This is the fastest growing Earn integrations of Morpho by a mainstream distributor. The investment app that introduced a generation of Americans to investing keeps introducing them to onchain yield, and they keep showing up.
Tokenized stocks are the next new frontier for onchain credit Onchain credit has so far meant one thing: crypto-backed loans. Paul's new article lays out what it takes to move beyond them, starting with tokenized stocks. The challenge: stocks are regulated instruments, so who can hold, lend, borrow, or liquidate them varies by asset and jurisdiction (read: bespoke compliance for every market), and borrowers want to pledge whole portfolios (read: near-infinite collateral combinations). Pool-based lending can only serve this by commingling risks or fragmenting liquidity. The opportunity: two multi-trillion dollar markets that are still offchain are tokenized stock-backed lending (unlock liquidity without selling the portfolio) and tokenized stock lending (lend stocks out against collateral, for a fee). The solution: Morpho Midnight was designed for exactly these use cases. Multi-collateral isolated markets let a whole portfolio back a single borrow position, with each portfolio as its own isolated market. Programmable compliance makes access controls an optional market parameter, with no wrappers or separate protocol instances. And because markets are offer-based rather than pool-based, capital can quote across many markets at once: a new market needs only one lender and one borrower who agree on terms, so there can be a price for every portfolio, without fragmenting liquidity. The Morpho Effect is compounding Morpho is now the biggest DeFi protocol for euro-denominated deposits Coinbase's tokenized stocks are now available as collateral on Morpho Deel is expanding its Morpho-powered earn offering to new regions Touchstone joins Morpho as a curator, bringing gold-backed credit expertise from institutional credit and tokenized gold treasury management to the Morpho ecosystem MORPHO is now listed on the Robinhood App Onchain credit is coming to Arc mainnet, powered by Morpho weETH deposits on Morpho continue to grow
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pretty insane breakout on solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk with crazy volume. https://t.co/XB1aCX4ztS
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KHALEEJ TIMES: Standard Chartered becomes first G-SIB to launch Bitcoin, Ether spot trading in UAE
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FACT SHEET: DELIVERING PRESIDENT TRUMP'S PROMISE TO UNLEASH PROSPERITY & SECURITY FOR THE U.S. & VZ
PRESIDENT TRUMP IS UNLEASHING HISTORIC ENERGY INVESTMENT AND PRODUCTION IN VENEZUELA Thanks to President Trump’s leadership, a new era of energy investment and production is taking hold in Venezuela, delivering greater prosperity and energy security for the United States and Venezuela. On September 2, 2026, Secretary Wright traveled to Venezuela to oversee the signing of landmark energy agreements with Chevron, Eni, and GE Vernova that will expand oil production, unlock billions in private-sector investment, and modernize Venezuela’s electric grid. Today’s agreements build on President Trump’s August 28 announcement of a historic binational agreement with Venezuela, which establishes U.S. majority control of an estimated 65 billion barrels of proven oil reserves, helping ensure U.S. energy dominance for decades to come. These landmark agreements represent another major step in the Trump Administration’s efforts to unlock Venezuela’s vast energy resources and rebuild critical energy infrastructure. These historic investments will double Venezuela’s oil production in less than five years, bringing more abundant and affordable energy to the market and putting a downward pressure on global energy prices, creating greater peace, prosperity, and economic opportunity for the United States and Venezuela. UNLOCKING VENEZUELA’S VAST OIL POTENTIAL Thanks to President Trump’s leadership, major energy companies are investing in Venezuela’s future once again, unlocking Venezuela’s vast oil resources and expanding production. Today, Chevron announced new agreements to unlock more than $7 billion in investment and significantly increase oil production in Venezuela. Through its joint ventures, Chevron will invest more than $7 billion over the next five years and more than double oil production to 600,000 barrels per day compared with 2026. Chevron will expand its position in the Orinoco Belt and develop the Carabobo 1 and Carabobo-2-South-A areas through its Petroindependencia joint venture. With total costs of less than $20 per barrel, Chevron’s expanded operations will bring more affordable oil to the market, put downward pressure on global energy prices, and create greater prosperity and opportunity for the United States and Venezuela. Eni and PDVSA signed a landmark 25-year contract to develop the Junín 5 oil field, unlocking one of Venezuela’s largest oil resources for long-term development and production. Under the agreement, Eni will become the exclusive operator of Junín 5, which it has participated in since 2010. Eni will assume responsibility for the technical, financial, and commercial management of the field. This agreement builds on the Head of Terms signed on April 28, establishing a new operating framework designed to bring investment, technology, and expertise needed to accelerate the development of Junín 5. Junín 5 contains approximately 35 billion barrels of certified oil in place, providing an enormous resource base for long-term development and production. Development of Junín 5 will support the goal of producing more than 1 million barrels per day by 2031. STRENGTHENING VENEZUELA’S ELECTRIC GRID Today, Secretary Wright joined Venezuelan interim President Delcy Rodriguez to witness the execution of GE Vernova’s agreement to modernize and expand Venezuela’s electric grid, bring new power online, optimize existing capacity, and improve long-term reliability for Venezuela. Through this agreement, GE Vernova plans to bring 1 gigawatt of new reliable power online within the first 24 months, in addition to 5 gigawatts over the following four years, significantly expanding Venezuela’s power capacity. The agreement will address thermal and hydroelectric power generation, transmission and distribution infrastructure, and key substations. This agreement also builds on a June 15 cooperation agreement between GE Vernova and CORPOELEC, Venezuela’s state electricity company, which established a framework to rehabilitate and strengthen the country’s power infrastructure.
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quote: Higher https://x.com/CoinMarketCap/status/2095486257744810261 | LATEST: 🇺🇸 SEC Chair Paul Atkins told Fox Business that the agency's Regulation Crypto Assets proposal is "our most historic step yet" to make the US the "crypto capital of the world."
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Exciting day for NVIDIA and @huggingface.
Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty. They allow every developer, startup, university, industry and country to build with, customize and benefit from AI.
Thank you @ClementDelangue for coming to me.
NVIDIA is going to be a great home for Hugging Face, its community and the future of open models. 🤗
https://t.co/q8Om2Xc5ye
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There we go, $AVGO earnings call to clarify miss. Broadcom expects:
FY27E: ~$115B (+100% growth)
FY28E: ~$230B (+100%), think analysts were modeling ~$180B.
Demand actually exceeds this outlook, and Broadcom will work to improve supply. This is way above street estimates,…
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Lloyd’s of London faces £1.4bn losses in Gulf from US-Iran war
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Iran retaliates after US strikes, defying Trump’s warning it could be hit ‘much harder’
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quote: 2026 has basically been one long shipping season for the Starknet ecosystem.
Four months left to go.
https://x.com/StarkWareLtd/status/2095107659410051099 | Shipping season never ends 🥷
1⃣ StarkWare executed the first ever quantum-safe Bitcoin transaction
The first quantum-safe Bitcoin transaction in history was executed and mined on Bitcoin Mainnet using Avihu Levy’s QSB design.
> QSB allows Bitcoin holders to move funds into a quantum-safe setup today, without changing the Bitcoin protocol or requiring a fork.
> The transaction proved that the design can already work on Bitcoin Mainnet.
> While QSB is not intended as Bitcoin’s optimal long-term post-quantum solution, it provides holders with a last-resort protection mechanism without waiting for protocol-level consensus.
> The milestone builds on years of quantum-security research from StarkWare and the Starknet ecosystem.
2⃣ More builders than ever are shipping privacy primitives
StarkWare launched the STRK20 Private Sprint to accelerate the development of privacy applications on Starknet.
> Over 200 builders are now working on more than 170 projects spanning AI, trading, DeFi strategies, gaming, and more.
> The sprint was extended by one week, with builders able to join until September 7, and anyone can join.
> StarkWare also open-sourced PriPay, a private payroll system enabling recurring or one-time salary payments that remain hidden from block explorers while preserving an onchain audit trail.
3⃣ Starknet revenue is going back into the ecosystem
For the first time, StarkWare delegated 25M STRK generated from Starknet sequencer revenue back into the ecosystem.
> The 25M STRK is being used to strengthen projects and operators contributing to Starknet through delegation.
> Round 3 of the StarkWare Delegation Program was also executed, with selected validators receiving between 5M and 20M STRK each.
> The new structure comes with higher expectations around validator performance, reliability, testing, and active ecosystem participation.
4⃣ The ecosystem keeps shipping
> Realms is building an L3 on top of Starknet for Blitz and Eternum, targeting significantly lower costs and better UX.
> SuperVega launched its public beta, enabling one-tap options trading on BTC, ETH, ZEC, and STRK, with end-of-year expiries now available.
> Extended added 22 new RWA markets during August, launched Chase Orders, and unveiled its vision to become a regulated, globally distributed onchain trading platform, starting with the EU.
> Offmarket launched private Polymarket trading on Starknet.
> Chance launched an intent verification layer for AI agents, with settlement proofs anchored on Starknet and native escrow wallets.
> Omnisea integrated Starknet as the first non-EVM chain supported by its LayerZero-powered bridge.
> Gaffer launched a new season of its fantasy football app.
> VeilX went live on testnet, enabling anonymous swaps between regulated ERC-3643 assets through an Ekubo extension.
> Erebus is building a private trading layer where AI agents can negotiate and trade privately.
5⃣ The numbers keep improving
> 1.5B STRK are now staked on Starknet, representing ~22% of the circulating supply
> 10M STRK are now being staked privately through Endur
> Starknet apps generated $40M in revenue over the past year
> Starknet revenue is up 1,200% YoY, with Starknet now operating profitably
> Nearly 200 builders are currently shipping new privacy primitives
Can’t stop, won’t stop.
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Nvidia Corporation - Deal Valued at About $11.90 bln Payable to Hugging Face Stockholders - SEC Filing
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Mint Announces Issuer-Sponsored Tokenization of Its Nasdaq-Listed Class A Ordinary Shares on Ethereum and Solana
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Nvidia buys Hugging Face for $12.93 billion in its biggest acquisition ever
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Nvidia Is Acquiring Hugging Face For Almost $13 Billion
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Nvidia confirms it will buy Hugging Face for $12.9 billion
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Nvidia to buy Hugging Face for nearly $13 billion in big bet on open AI models
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*NVIDIA TO BUY HUGGING FACE FOR $12.93B
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*NVIDIA TO BUY HUGGING FACE FOR $12.93B
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*NVIDIA TO BUY HUGGING FACE FOR $12.93B
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*NVIDIA TO ACQUIRE HUGGING FACE
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STX is now live on @Bullish.
One of the largest venues in the world for BTC spot volume just listed the asset powering Bitcoin-native capital markets.
Institutions across 50+ jurisdictions can now access STX where they already trade Bitcoin. https://t.co/skQzn3lOv1
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What is Injective Mint?
Injective (@injective) has introduced Mint, a unified real-world asset issuance platform designed for institutions and everyday users.
Tokenizing an asset is easy. However, Injective says, building the rules and infrastructure needed to operate it as a financial product is much harder.
Injective Mint brings those functions into one platform.
(1) It lets issuers create and configure assets onchain.
Institutions can define an asset’s name, ticker, supply, issuing entity, jurisdictions, custody arrangements, and ownership rules without deploying custom contracts.
(2) It puts compliance rules directly into the asset.
Issuers can control who can hold, receive, send, mint, or burn an asset. They can also freeze specific addresses or pause activity when necessary.
These rules are enforced by Injective at the network level, rather than being handled separately through manual processes.
(3) It gives institutions control throughout the asset lifecycle.
Mint uses Injective’s TokenFactory and Permissions infrastructure to establish the asset and determine who can perform specific actions.
That means administrative roles, issuance permissions, redemption controls, and emergency actions can all be managed through one workflow.
(4) It connects tokenized assets to financial infrastructure.
Unlike platforms that stop once an asset reaches a wallet, Mint issues assets directly into Injective’s broader financial ecosystem.
Depending on the asset and its rules, tokenized products can potentially access trading, lending, derivatives, collateral, and other onchain applications.
(5) It is designed for real-world financial assets.
The platform can support products ranging from treasuries and funds to stablecoins, commodities, equities, private credit, and trade receivables.
Injective says the network has already surpassed $6.8 billion in settled RWA volume and $1.1 billion in native asset issuance.
Injective Mint is now live in private beta.
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WHALE ACCUMULATES ~$70.6M $HYPE FROM COINBASE
A HYPE whale withdrew 824.35K $HYPE (~$67.52M) from Coinbase within the past 17 hours.
Overall, the wallet has accumulated ~865.84K $HYPE worth ~$70.64M from Coinbase.
Address: 0xad9bd10D5E60b7ab0307b339759710b552B9F692
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Giving AI agents keypairs and wallets always sounded like a solution looking for a problem. Why would an agent need one?
Last month we got an answer from the last place anyone expected. ~1,200 OpenAI agents were given neither. They built both themselves, in four days, while hacking two companies.
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JUST IN: @StanChart launches institutional spot crypto trading in the UAE, covering $BTC, $ETH and 75+ assets, integrated directly into its regulated banking and FX platforms.
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COINTELEGRAPH: Standard Chartered launches spot Bitcoin and Ether trading in UAE
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Standard Chartered launches spot Bitcoin and Ether trading in UAE
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BROADCOM'S CEO SAYS IT HAS SECURED THE SUPPLY TO DOUBLE AI REVENUE TO ABOUT $115 BLN IN 2027, WITH LINE OF SIGHT FOR FISCAL 2028 AI SEMICONDUCTOR REVENUE TO DOUBLE AGAIN TO $230 BLN, AND IS ON TARGET TO EXCEED EPS OF $30 IN FY2028.
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Reuters Next: Fed’s Waller Says Re ‘Hall of Mirror’s Problem, Focus on the Economy, Not Financial Markets
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Fed gov Chris Waller's posture hasn't fundamentally changed since July, but the tilt has, from worried and leaning toward tightening back then to tentatively encouraged and leaning toward holding today.
It will come down to the August inflation readings. His reaction function for Sept 15-16 is explicit:
Continued progress on 2% = hold.
Hot August print = "I would consider a rate hike.”
The key paragraph is here: “Recent data suggest we are finally seeing some signs of disinflation. If this continues in the data due over the next two weeks, I would be inclined to support holding the target for the federal funds rate at its current setting. But there continues to be considerable uncertainty about how military conflicts, trade policy, and artificial intelligence will affect prices and economic activity. If the incoming data for August show this improvement has been fleeting, then it may be appropriate to raise the policy rate when the FOMC meets on September 15 and 16.”
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Videos show aftermath of alleged U.S. strike on Iran wedding party https://www.cbsnews.com/live-updates/us-iran-war-trump-dismisses-diplomacy-tehran-says-wedding-hit-in-strike/#post-update-8af148c2
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Brent oil price above $96 per barrel after Iran fires missiles at Kuwait https://www.cnbc.com/2026/09/03/oil-price-today-iran-war-strait-hormuz.html?taid=6a99777607aa2e00016430aa&utm_campaign=trueanthem&utm_content=main&utm_medium=social&utm_source=twitter
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quote: Rent is getting cheaper on Solana starting tomorrow https://x.com/solana_devs/status/2083202768530223120 | Agave 4.2 is almost here.
The Agave 4.2 release brings three major feature-gated upgrades:
- 90% rent reduction
- 3.3x larger transaction size
- 200ms slot times
Plus, the complete code for Alpenglow, the largest protocol change in Solana's history, which is coming in Agave 4.3. 🧵👇
solana.com/upgrades/agave…
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BROADCOM $AVGO Q3 AI SEMICONDUCTOR REVENUE $16.70B, UP 221% YEAR-OVER-YEAR
- Revenue: $29.591B vs $29.362B est, beat
- Adj EPS: $3.32 vs $3.24 est, beat
- AI semiconductor revenue: $16.70B, +221% year-over-year
- EPS: $2.68
- Net income: $13.088B
Q4 guidance:
- Revenue: $34.800B
- AI semiconductor revenue: $21.70B, +236% year-over-year
- Non-GAAP operating income: 66% of projected revenue
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quote: War began because economic pressure (maximum pressure campaign (re-)launched in 2025 didn't work.
Now Trump is favouring the idea (that has already been announced a few times) that the war should be declared over to go back to economic pressure which works because war didn't work! | NEW: Privately, Trump is having discussions with senior aides about whether to declare the Iran war over, U.S. officials said, noting Trump has said he favors the idea.
Trump also believes economic pressure will force the regime to dismantle its nuclear program or collapse.
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🚨 DAILY ALPHA DROP: September 3, 2026
Institutional scale. Supply cuts. Security risk. 👇
⚙️ ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1 : 2.7B transactions and $70B in monthly transfers strengthen Arbitrum’s institutional adoption case.
⚡ solana:So11111111111111111111111111111111111111112 : Governance backed faster disinflation, targeting 18.9M fewer SOL in future issuance.
🔴 crypto-com-chain:native : A reported $75M Tectonic exploit forced Cronos to halt block production.
Trade on WOO X 👉 wooxpro.com
#ARB #SOL #CRO #DailyAlphaDrop #WOOX
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🚨 DAILY ALPHA DROP: September 3, 2026
Institutional scale. Supply cuts. Security risk. 👇
⚙️ $ARB : 2.7B transactions and $70B in monthly transfers strengthen Arbitrum’s institutional adoption case.
⚡ $WSOL : Governance backed faster disinflation, targeting 18.9M fewer SOL in future issuance.
🔴 $CRO : A reported $75M Tectonic exploit forced Cronos to halt block production.
Trade on WOO X 👉 http://wooxpro.com
#ARB #SOL #CRO #DailyAlphaDrop #WOOX
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Stablecoin adoption is surging 🔥
Major banks to launch their own stablecoin in 2027.
Circle just minted $5B in USDC. Stablecoin credit card spending rising.
And more on tomorrow's The Aggregated 𝕏 spaces.
📆 Episode 177: September 4, 3:00 PM UTC
https://x.com/i/spaces/1lKQRWzEwgBGE?s=20
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StarkWare Completes Quantum-Resistant Bitcoin Transaction on Mainnet Without a Soft Fork. Bitcoin remains the foundation of digital money for many, yet new technological risks continue to appear on the horizon. One of
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Nvidia is acquiring Hugging Face for $12.93 billion. The GitHub-like open-source AI repository was last valued at $4.5 billion in 2023 https://www.theverge.com/tech/985474/nvidia-buying-hugging-face-deal
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LATEST: SEC Chair @SECPaulSAtkins says he anticipates and hopes the CLARITY Act passes the Senate on September 15 and reaches the president's desk. https://t.co/2YxDD1JhEh
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Nvidia is buying the AI startup that was hacked by OpenAI for nearly $13 billion
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LATEST: SEC Chair @SECPaulSAtkins says he anticipates and hopes the CLARITY Act passes the Senate on September 15 and reaches the president's desk.
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quote: New @Grayscale research highlights cross-chain reach through NEAR Intents as one of Zcash's key structural advantages.
"Zcash does not require widespread merchant adoption—you (or your AI agent) can use it as a private asset hub with universal connectivity through intents." https://x.com/grayscale/status/2092988265062375809 | Grayscale Research believes Zcash $ZEC has a real shot at capturing Bitcoin $BTC market share.
@Zcash has second mover advantages Bitcoin doesn't:
↳ Financial privacy in an era of AI-powered surveillance
↳ Cross-chain reach through $NEAR Intents
↳ Active development against cybersecurity threats
$BTC and $ZEC are complements.
Read more on The Stack: grayscale.com/the-stack/zcas….
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*BOJ IS SAID TO FAVOR QUARTER-POINT HIKE, FLEXIBLE FUTURE PACE
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The Bank of Japan is leaning toward raising its benchmark interest rate by a quarter point this month https://www.bloomberg.com/news/articles/2026-09-03/boj-is-said-to-favor-quarter-point-hike-flexible-on-future-path?utm_source=website&utm_medium=share&utm_campaign=twitter
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quote: A consortium of twenty-one banks and asset managers, including Goldman Sachs, Bank of America, Citigroup, Wells Fargo, Deutsche Bank, UBS, Fidelity and WisdomTree, will form a company in the second half of 2026 and issue a dollar-pegged stablecoin in the first half of 2027, then expand to the euro and other G7 currencies.
The group has more than doubled since an October 2025 exploration by ten banks. Sponsors say the token will serve wholesale, institutional and retail uses, from cross-border payments to tokenized-asset settlement, and will be designed to comply with the U.S. GENIUS Act and, where relevant, the EU’s MiCA rules.
Private dollar tokens already dominate on-chain settlement. Tether still leads with more than $180 billion outstanding, recycling reserves into short-term Treasuries. Circle’s USDC is the main regulated rival. A bank coin will not automatically displace them; Société Générale’s earlier dollar token showed how little demand appears without distribution and liquidity.
Markets still treated the plan as a competitive threat. Circle shares fell about six percent as investors priced in the risk that large banks would keep more of the float, distribution and reserve economics on their own rails.
The contest is also a fight over the architecture of money. The GENIUS Act, signed in July 2025, created the first federal regime for payment stablecoins: one-to-one reserves in cash, insured deposits and short-dated government paper, monthly disclosures, anti-money-laundering and sanctions duties, and a finding that such tokens are neither securities nor federally insured deposits.
Core licensing rules phase in around January 2027, which is why the launch window is not arbitrary. A market-structure bill, often called the Clarity Act, faces a Senate test in mid-September. Crypto firms have poured a record $190 million to more than $200 million into the 2026 midterms, becoming the largest corporate political spender, to lock in those rules and preserve banking access. Their 2024 outlays helped produce the stablecoin statute; this cycle is an attempt to finish the federal framework before control of Congress may shift.
Geopolitics pulls the other way. Dollar stablecoins already function as a private extension of reserve-currency status. The Bank for International Settlements has warned that large-scale adoption abroad can amount to digital dollarization, weakening local policy transmission.
ECB President Christine Lagarde has argued that privately issued stablecoins, even in euros, pose risks to monetary policy and financial stability. Isabel Schnabel has called them complements, not substitutes, for central-bank money and urged official settlement to move on-chain.
That is why Qivalis, a thirty-seven-bank European consortium, is racing to launch a euro token later in 2026 under Dutch supervision. Some lenders, including BBVA, sit in both groups. The result is a contest among dollar rails, euro rails and official experiments in tokenized deposits.
The political overlay is American. President Trump’s support revived institutional interest after the 2024 crypto rebound, and his family’s World Liberty Financial has issued its own token. That proximity has complicated talks on rewards, illicit finance and self-dealing. November’s midterms will decide whether the current statutory path is completed or reopened.
Banks are positioning for regulated digital dollars as ordinary plumbing. Crypto-native firms are spending to keep that plumbing from being written only in bank language. Central banks elsewhere are trying to keep the settlement layer public. The 2027 coin is less a product launch than a bet that the dollar, U.S. law and large-balance-sheet distribution will still define the next generation of digital money even as geopolitics, inflation and elections keep rewriting the terms. | From stablecoins being the center of attention to crypto companies ploughing money into the US midterms, Francis Maguire rounds up the crypto stories of the week https://reut.rs/4iqHOP9
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quote: $NVDA TO ACQUIRE HUGGING FACE FOR $12.93B
NVIDIA has agreed to acquire Hugging Face, one of the largest open AI developer platforms.
Hugging Face says it now serves:
• 18M+ developers, researchers and creators
• 3M+ models
• 500K datasets
• 1M applications
• 200K+ companies
NVIDIA says Hugging Face will remain open to models and hardware from across the ecosystem. Developers will not be required to use NVIDIA compute, and the platform will continue supporting multi-cloud and multi-accelerator deployment.
NVIDIA also plans to use its infrastructure and engineering resources to expand Hugging Face’s model evaluation, inference, deployment, safety and platform reliability. | Exciting day for NVIDIA and @huggingface.
Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty. They allow every developer, startup, university, industry and country to build with, customize and benefit from AI.
Thank you @ClementDelangue for coming to me.
NVIDIA is going to be a great home for Hugging Face, its community and the future of open models. 🤗
https://t.co/q8Om2Xc5ye