CryptoCryptocurrency

NovaBay Pharmaceuticals surged nearly 19% after announcing a rebrand to Stablecoin Development Corporation, marking a strategic shift toward crypto and stablecoin markets.

Strategy is seeking to raise up to $44.1 billion through a mix of common stock sales and preferred equity to continue accumulating Bitcoin despite a market downturn.

Deloitte Canada is partnering with Stablecorp to develop stablecoin infrastructure for financial institutions, aiming to integrate digital assets into payment and settlement systems.

US Senators Adam Schiff and John Curtis are preparing a bipartisan bill to ban sports betting and casino-style contracts on prediction markets regulated by the Commodity Futures Trading Commission.

Crypto investment products recorded $230 million in inflows last week, extending a four-week streak but sharply slowing after the US Federal Reserve signalled a “hawkish pause.”

Playnance has launched a new decentralised social gaming protocol powered by GCOIN, positioning it as a community-driven alternative to traditional platform-based gaming models.

Japan’s Liberal Democratic Party has launched a new task force to develop a national strategy for AI-powered on-chain finance, signalling a shift towards treating blockchain as core economic infrastructure.

Ripple has burned 45 million RLUSD over the past week, including a 10 million token destruction in its latest move, signalling a net contraction in stablecoin supply.

The Solana Foundation has introduced a new privacy framework aimed at institutional users, arguing that the next phase of crypto adoption will depend on flexible control over data disclosure.

Bitcoin climbed above $71,000 this week, offering short-term relief after February’s sharp drop to around $59,000, but technical signals suggest caution remains warranted.

Pi Network has declined to around $0.19 after a recent rally faded, reflecting broader weakness across the crypto market as Bitcoin slipped below $70,000.

Polygon-incubated DeFi chain Katana has acquired decentralised exchange IDEX to launch Katana Perps, a native perpetual futures platform integrated into its ecosystem.