Startale said SBI invested $50 million to complete its Series A, with the firms working on tokenized securities, stablecoins and consumer onchain products in Japan. Startale Group said on Wednesday that SBI Group had invested $50 million to complete the company’s Series A, as the Japanese blockchain company develops tokenized securities infrastructure, stablecoins and consumer-facing onchain products. In a press release shared with Cointelegraph, Startale said it closed a $50 million investment from SBI to scale products, including its Strium blockchain for tokenized securities, its Japanese yen and US dollar stablecoins, and a consumer-facing application that onboards users to onchain services. The deal would deepen institutional backing for Startale’s push into onchain financial infrastructure in Japan, where the company and SBI have already announced projects tied to tokenized securities, stablecoins and digital asset settlement. Read more
Analysts say new US stablecoin rules may hit yield distribution, not issuers, as USDC growth in payments and trading continues to accelerate. Circle’s shares sell-off on Tuesday may have been overdone as investors failed to see that the stablecoin issuer’s core business model remains unaffected by the proposed CLARITY Act, analysts at Bernstein said on Wednesday. In a note to clients, Bernstein analysts Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra said markets are conflating “who earns yield” with “who distributes yield.” “Circle earns. Coinbase distributes,” the analysts wrote, noting that the draft legislation primarily targets the distribution of yield to users — not the underlying reserve income earned by issuers like Circle. Read more
Bitcoin price remains stuck below $72,000, as investor distribution, low whale activity, and declining network growth cast doubt on BTC's short term prospects. Bitcoin (BTC) price struggled to break above $72,000, as several key onchain metrics highlighted weakening demand for BTC, casting doubts on its upside potential. Key takeaways: Bitcoin investors shift to distribution as whales and smaller cohorts aggressively sell under weak market conditions. Read more
Why Argentina is blocking Polymarket despite global growth, focusing on gambling laws, user protection concerns and regulatory pressure on prediction markets. Argentina’s nationwide ban on Polymarket shows that rapid global growth does not shield platforms from local regulation, especially when their core activity resembles unlicensed gambling. Authorities applied an “economic reality” approach, focusing on user behavior rather than the technology, and concluded that staking money on uncertain outcomes aligns with traditional definitions of gambling. Weak identity and age verification measures were a major concern, with regulators highlighting the risks of underage participation and inadequate user safeguards as justification for enforcement. Read more