Tetra Trust launched CADD — Canada's first CAD-backed stablecoin issued by a financial institution — on Base, Ethereum, and Tempo, backed by Shopify, National Bank of Canada, Wealthsimple, ATB Financial, and Shakepay. The token targets 24/7 institutional settlement replacing legacy batch clearing.
A US district court froze 30,766 ETH (~$71M) held by Arbitrum DAO after terrorism creditors invoked the Foreign Sovereign Immunities Act to attach recovery funds from the Lazarus Group's $292M Kelp DAO hack. Aave filed an emergency motion to unfreeze the assets.
Hut 8 replaced its Coinbase Prime credit facility with a $200M, 364-day FalconX bitcoin-backed loan at 7.0% fixed — down from 9.0% and 450bps below peak rates — while unlocking 3,300 BTC (~$260M) previously encumbered as collateral under the prior deal.
K Wave Media redirected its $485M Anson Funds commitment from a Bitcoin treasury strategy toward AI infrastructure — data centers, compute, and critical AI technologies. The company also plans to divest its K-Pop subsidiary and rebrand to 'Talivar Technologies.' Stock fell 25%.
Dunamu, operator of South Korea's largest crypto exchange Upbit, launched GIWA Chain — an OP Stack Ethereum L2 with 1-second block times — as the first deployment on Optimism Foundation's Self-Managed tier, giving Upbit full sequencer control with institutional failover support.
Coinbase's Base L2 will integrate Succinct's SP1 zero-knowledge virtual machine under its Azul upgrade, replacing multi-day challenge periods with cryptographic finality for $7.4B in bridged assets while keeping its existing optimistic rollup structure.
Securitize Markets received expanded FINRA permissions enabling it to custody tokenized securities inside a regulated broker-dealer, underwrite on-chain IPOs, and facilitate atomic settlement between tokenized stocks and stablecoins — the first approval of its kind.
Payward, Kraken's parent company, closed its $550M acquisition of Bitnomial, giving it all three CFTC licenses needed to operate a full-stack US crypto derivatives business: Futures Commission Merchant, Designated Contract Market, and Derivatives Clearing Organisation.
AI chip maker Cerebras filed to sell 28 million shares at $115–$125, targeting a $26.6B valuation and $3.5B raise on Nasdaq. OpenAI holds warrants for 33M+ shares via a $1B loan; Sam Altman, Greg Brockman, and Ilya Sutskever are listed as angel investors.
Anthropic launched a $1.5B JV with Goldman Sachs, Blackstone, and Hellman & Friedman to embed AI inside PE-backed companies. OpenAI announced The Development Company, a $10B JV raising $4B from 19 investors including TPG, Brookfield, and Bain Capital.
Western Union launched USDPT, a USD-backed payment stablecoin on Solana issued by Anchorage Digital Bank N.A., targeting cross-border payments in 40+ countries. The company also plans to launch Stable by Western Union, a consumer-facing product, later in 2026.
Bret Taylor's Sierra raised a $950M Series E led by Tiger Global and Google Ventures, pushing valuation to $15.8B and total capital raised past $1B. Sierra hit $150M ARR in February and counts one in three of the world's largest banks as customers.