5 Must-Read Articles Tonight | DeFi on Bitcoin

1. Telegram Launches New Gift Market - A Step Closer to Social Trading

On May 9, Telegram launched the gift market, which is an NFT collectibles market based on the TON chain. In October 2024, Telegram introduced the "Gift" feature, allowing users to send personalized animated artworks and messages to contacts. These gifts can be minted as NFTs and then sold in specific markets. Click to read.

2.a16z: Fintech companies fully embrace stablecoins

In just the past six weeks: USDC issuer Circle has applied to list on the New York Stock Exchange; Coinbase has entered the agency payment space and established a stablecoin API payment standard; Visa and Mastercard have enhanced their support for stablecoins; Stripe has announced the launch of stablecoin financial account balances, programmable stablecoins, stablecoin-supported debit cards, and more. Click to read.

3. Bitcoin 'snatched up' by the government: A new darling of wealth or a hidden danger?

As of May, competition for liquidity has noticeably intensified. The surge in Bitcoin holdings by institutional investors over the past year has led to a depletion of liquidity. Recent data shows that more than 8% of the total circulating supply of Bitcoin is now held by governments and institutional investors. This unprecedented level of sovereign and institutional participation in decentralized assets has sparked intense debate: is this the legitimization of Bitcoin as a strategic reserve asset, or does it herald a centralized risk that threatens the core principles of cryptocurrency? Click to read.

4. Detailed Explanation of Coinbase x402 Payment Protocol

Coinbase is about to launch x402, a payment protocol that supports instant stablecoin payments directly via HTTP. It allows APIs, applications, and AI agents to trade seamlessly, unlocking a faster and more automated internet economy. Click to read.

5. DeFi on Bitcoin: Has it Finally Become Interesting?

Decentralized finance (DeFi) on Bitcoin is no longer just a theory. Despite some setbacks, the momentum around unlocking Bitcoin's potential beyond digital gold is gaining strength. Click to read.

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