Euro stablecoin push runs into thin liquidity

YO, short for Yield Optimizer, launched a yoEUR vault on Friday, adding fresh momentum to the euro stablecoin trade. But market infrastructure still lags behind. Cross-chain liquidity for Circle’s EURC is limited, causing distortions in interest rates on borrow and lending markets not seen with larger USD-pegged stablecoins.

yoEUR is a multichain yield vault designed to optimize returns on EURC. Like YO’s earlier offerings, covering ETH, BTC and USD, the vault allocates capital across multiple chains and strategies using a risk-adjusted framework.

The “yoTokens implement the ERC-4626 tokenized vault standard, with key additions to support a multi-chain architecture,” YO…

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Justin Sun claims WLFI tokens ‘unreasonably frozen’

Tron founder Justin Sun claims his WLFI, the native tokens of Trump-linked World Liberty Financial, has been “unreasonably frozen” after a blacklisting on Thursday. 

Sun is, according to the post, unable to transfer or use his multi-million dollar stash of WLFI  after supposedly making an onchain move of roughly $9 million worth of the asset.

The reported blacklisting, which can be traced onchain, marked one of the first governance tests for the project, launched by President Donald Trump (who is designated “co-founder emeritus”) and his family, who introduced its token earlier this week.

Since the incident, Justin Sun — who invested at least $75 million into…

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These 3 Signals Statistically Predict Bitcoin’s Next Big Move

For much of this cycle, Global Liquidity has been one of the most accurate indicators for anticipating Bitcoin’s price action. The connection between money supply expansion and risk-asset growth has been well established, and Bitcoin has followed that script remarkably closely. Yet recently, we’ve been paying close attention to a couple of other data points that have been statistically even more accurate in predicting where Bitcoin is headed next. Together, these metrics help paint a clearer picture of whether Bitcoin’s recent stagnation represents a short-term pause or the beginning of a longer consolidation phase.

Bitcoin Price Trends Driven by Global Liquidity…

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LATEST: Sora Ventures Launches Treasury Fund To Acquire $1 Billion In Bitcoin

Sora Ventures has unveiled Asia’s first Bitcoin treasury fund at Taipei Blockchain Week, backed by a $200 million commitment from regional investors. The fund aims to acquire $1 billion worth of Bitcoin within six months, marking a major milestone in institutional adoption of digital assets across Asia.

Unlike individual treasury firms such as Japan’s Metaplanet, Hong Kong’s Moon Inc., Thailand’s DV8, and South Korea’s BitPlanet that hold Bitcoin on their own balance sheets, the Sora fund will act as a central pool of institutional capital. Its goal is to strengthen Asia’s early pioneers while fueling the creation of new treasury firms globally, positioning Bitcoin as a key reserve asset.

Leadership at Sora Ventures emphasized that this initiative represents the largest coordinated commitment to Bitcoin in Asia to date. By aligning regional and international treasuries, the fund signals a shift in Bitcoin investment power, with Asia emerging as a serious contender alongside the U.S. and Europe.

LATEST: Bitwise Expands Presence Listing Five Crypto ETPs On SIX Exchange

Bitwise has listed five flagship crypto exchange-traded products (ETPs) on Switzerland’s SIX Swiss Exchange, strengthening its presence in the European market. The lineup includes products tied to Bitcoin, Ethereum staking, Solana staking, XRP, and an MSCI Global Digital Assets Top 20 index. Each ETP is fully backed by tokens in institutional-grade cold storage, designed to fit seamlessly into traditional portfolios.

The move highlights Switzerland’s role as a leading hub for digital assets, supported by strong investor demand and a clear regulatory framework. It also comes as Europe’s regulatory stance shifts, with the UK set to allow retail access to crypto ETPs in October 2025 and France reviewing rules to broaden distribution.

Bitwise, which manages over $15 billion across 40 products, views the listings as timely and strategic. Executives say the launch provides broader options for investors seeking regulated crypto exposure, underlining growing appetite for digital assets in mainstream portfolios.

Source

Sora Ventures Launches Asia’s First Bitcoin Treasury Fund, Plans To Buy $1 Billion In BTC Within 6 Months

Today, Sora Ventures announced the launch of Asia’s first Bitcoin treasury fund, unveiled during Taipei Blockchain Week. The fund, backed by a $200 million commitment from partners and investors across the region, aims to purchase $1 billion worth of Bitcoin within the next six months, according to a press release sent to Bitcoin Magazine.

This new fund follows the individual Bitcoin treasury firms that have emerged across Asia in recent years — including Japan’s Metaplanet (TYO:3350), Hong Kong’s Moon Inc. (HKG:1723), Thailand’s DV8 (SET:DV8), and South Korea’s BitPlanet (KOSDAQ:049470). While those companies hold bitcoin directly on their own balance sheets, the Sora…

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Thursday links: Overconfidence, crypto firsts, DATs and Bullish

This is a segment from The Breakdown newsletter. To read more editions, subscribe

“The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence.” 

— Charles Bukowski

Crypto bros are from Mars…

An academic study flagged by Tyler Cowen might inadvertently explain why the cryptosphere is so male dominated.

The researchers report their findings that the advantage men sometimes have in intelligence testing is eliminated (or reversed) when the tests are adjusted for confidence levels. 

Men and women, they find, differ primarily in how sure they’re right: Men are more likely to act as though…

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The state of the labor market

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

It’s a big week for labor market data. With everything published except for tomorrow’s NFP report, let’s round up all the data we received this week and get an idea of where things stand — and how that contrasts with the expected Fed rate cut this September.

JOLTS

It’s always important to remember how lagged the JOLTS report is as a datapoint. This report is from July and, much like the jobs report we received last month, it’s quite weak.

Job openings surprised to the downside at 7.18 million, below the expected 7.4 million. 

When we contextualize that alongside how…

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The Revolution Won’t Have Good UX

Adam Curry is the modern-day Prometheus. His discovery of podcasting and sharing it with the world was as significant of a development as when Prometheus stole fire from the gods to give to humans. Podcasting has quickly evolved into one of the most popular ways to communicate valuable information, completely disintermediating the CIA-controlled media apparatus. While Bitcoin seeks to separate money and state, podcasting seeks to separate syndicated news organizations and information. 

Giving the world podcasting was not enough for Curry as he is now once again seeking to wrestle control from the gods by allowing individuals to engage in what he coined the “value-for-value…

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Stripe and Paradigm incubate Tempo blockchain for stablecoin payments

Paradigm co-founder Matt Huang announced on Thursday that his firm and Stripe are incubating Tempo, a payments-focused blockchain designed to streamline stablecoin use in real-world financial flows.

Tempo has entered private testnet with support from initial design partners including Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, Visa, and more. The project represents Stripe’s most direct step into blockchain infrastructure, extending its payments business toward native onchain settlement.

Tempo is engineered to handle more than 100,000 transactions per second with sub-second finality, according to project…

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