Weekly digest covering major institutional partnerships (Citi-Coinbase stablecoin, Franklin Templeton tokenization), large fundraises (Kalshi $1B, Blockchain.com IPO target), regulatory developments (CFTC derivatives approval, USDT Iran sanctions probe), and Blast L2 shutdown due to economics failure.
DeFi & Yields ·
Institutional adoption accelerated this week with Citi partnering with Coinbase on stablecoin payments, Franklin Templeton launching tokenized collateral on Bybit, and Oracle collaborating with Swift on tokenized bank deposits. Blockchain.com targeted a $500M raise at $4-6B valuation while Kalshi pursued $1B in funding following prediction market growth, and Coinbase won CFTC approval for its own derivatives clearing house. ETF flows showed BTC inflows of $51.2M offset by ETH outflows of $100.7M, while the Blast L2 blockchain announced a shutdown due to operating costs exceeding protocol revenue. Separately, a Senate investigation identified USDT as a primary payment method for the Iranian regime, and California enacted a law prohibiting state officials from issuing meme coins.