DeFi

Circle's USYC, a tokenized U.S. Treasury money market fund, has expanded to the Solana blockchain, becoming the fifth largest asset in the rapidly growing $8 billion tokenized treasury sector. USYC offers real-time redemption into USDC and serves as margin collateral and a yield-bearing asset in DeFi, targeting non-U.S. institutional investors passing KYC. Bitlet.app users can benefit from integrating USYC via its secure cryptocurrency services.

VisionSys AI teams up with Marinade Finance to create a $2 billion Solana-based digital treasury, aiming to combine AI and blockchain to revolutionize DeFi solutions and tokenomics.

TechCrunch Disrupt 2024 hosted top crypto investors discussing evolving strategies, institutional involvement, gaming, and metaverse opportunities shaping the future of cryptocurrency.

In September 2025, the SEC and CFTC introduced key regulatory updates aimed at fostering innovation and ensuring investor protection in the US crypto market. The SEC's Spring 2025 agenda includes new rules clarifying trading and custody of digital assets, while a joint SEC-CFTC statement aims to harmonize regulations, support DeFi, and streamline reporting. Registered exchanges can trade spot crypto under current laws, and foreign exchanges face registration scrutiny. These developments signal more structured crypto oversight in the US.

mXRP, a new liquid staking token for XRP holders, has been launched at XRPL Seoul 2025, allowing holders to earn up to 8% APY. Developed by Midas and Interop Labs on the XRP Ledger EVM, it is currently available in Europe and Asia and aims to turn idle XRP into productive yield-generating assets through integration with DeFi platforms.

Plasma blockchain, designed specifically for stablecoins, is launching its Mainnet Beta on September 25, 2025. With a native token XPL, over $2 billion liquidity, and zero-fee USDT transfers, it aims to revolutionize stablecoin transactions. Backed by $24 million in funding, Plasma offers fast, composable transactions through its PlasmaBFT architecture.

Ether price hits $4,470, its highest since 2021, driven by optimism over a potential Fed rate cut and strong institutional demand, including $1 billion in daily inflows to spot ETH ETFs. Bitmine Immersion Technologies plans a $20B purchase, signaling growing confidence in Ethereum's role in DeFi and tokenization.

June 2025 saw significant movements in the crypto space with over $1 billion invested in spot Bitcoin ETFs as the dollar weakens. Ripple hit legal challenges with a federal judge denying their appeal over a $125 million penalty, while Kraken expanded globally by launching 'Krak,' their peer-to-peer money app across 110 countries. Galaxy Digital raised $175 million focusing on DeFi and stablecoins, and the real-world asset tokenization market surged 380% to $24 billion. Despite legal setbacks and market volatility, cautious optimism remains.

Galaxy Digital Inc. has made history by becoming the first Nasdaq-listed company to tokenize SEC-registered public equity shares. Their GLXY Class A Common Stock is now tokenized on the Solana blockchain, enabling approved investors to hold and transfer shares securely and efficiently with real-time ownership updates.

In 2025, the Treasury and IRS have introduced updated reporting rules for digital asset transactions, including new definitions that cover DeFi brokers. While brokers must start reporting basis information in 2026, transitional relief is provided for reporting failures. Additionally, virtual currencies held in foreign accounts are currently exempt from FBAR reporting, though changes may come.