#Circle has signed an agreement to acquire #Tazapay , a cross-border payments company supporting businesses across over 100 markets. The acquisition will expand Circleโs global payments infrastructure, adding Tazapayโs $25B+ in annualized volume, 60+ banking and fintech partners, and payout rails across 100+ markets, with stablecoins already accounting for roughly 60% of its volume. The transaction is expected to close in 2027, pending customary conditions and regulatory approvals, including clearance from the Monetary Authority of Singapore.
Harmony to shut down its Layer 1 blockchain and migrate ONE to Ethereum
#Harmony will shut down its mainnet and reissue $ONE as an ERC-20 token on #Ethereum , using a balance snapshot for the airdrop and advising users to withdraw from multisigs, liquidity pools, and onchain apps before validators begin shutting down on September 10. Harmony framed the migration as a security-focused upgrade following an August exploit that minted roughly 4B $ONE , or 26% of supply, and the $99.6M Horizon Bridge hack in 2022.
Former validator emissions will be redirected to an #AI video remix project, where creators share prompts and assets for fans to fork, with #AIagents generating new clips from each branch.
#Canton is a privacy-enabled blockchain infrastructure designed for regulated financial markets, allowing institutions to tokenize, trade, and settle real-world assets while maintaining control over their own data, validators, compliance systems, and infrastructure.
Canton developer #DigitalAsset raised $365M at a $2B valuation from investors including a16z crypto, HSBC, BNP Paribas, Citadel Securities, S&P Global, Apollo, Coinbase Ventures, and Abu Dhabi's sovereign wealth fund, bringing its total funding to roughly $817M. Separately, a Nasdaq-listed company raised $540M to establish a $CC treasury strategy, backed by DRW, ARK Invest, Kraken, and Tradeweb.
Institutional adoption is already translating into real-world activity: Visa became Canton's first Super Validator among major payment companies, Tradeweb executed the first real-time on-chain U.S. Treasury transaction on the network, and Canton facilitated its first cross-border intraday repo using tokenized gilts in the $2T repo market. JPMorgan is also bringing JPM Coin natively to Canton.
Key Points: ๐ Institutional adoption: Visa, DTCC, JPMorgan, HSBC, Tradeweb, and other financial institutions are already participating in the ecosystem. ๐ Tokenization: Canton supports institutional use cases including tokenized U.S. Treasuries, repo markets, payments, and other real-world assets. ๐ Privacy & control: institutions can operate their own infrastructure while keeping sensitive transaction and client data private. ๐ Growing $CC access: the token is available across Kraken, Bybit, OKX, Gate, KuCoin, MEXC, and supported by institutional custodians, including BitGo. ๐ Network Activity: Canton processes around $9T in monthly activity and generated $66.6M in fees in April, while accounting for roughly 42% of industry-wide blockchain fee revenue in Q1.
Let's review metrics of the leading crypto cards, highlighting their monthly volume, monthly volume change, transactions, and users. Among the top 10 leaders by monthly volume are:
Binance will extend the monitoring tag to include more tokens
#Binance will add monitoring tags to #AVA $AVA, #GainsNetwork $GNS , #Scroll $SCR , and #TownsProtocol $TOWNS today, on September 4th. Tokens labeled with the monitoring tag tend to show significantly higher volatility and risk than other listed tokens. They are subject to close oversight and regular evaluations. Users must complete a quiz every 90 days on Binance Spot and/or Binance Margin to trade tokens marked with the Monitoring Tag.
#OpenReserve secures $25M in a Seed funding round led by a16z crypto, with participation from Jump Capital, Acrew, Coinbase Ventures, Clocktower, Quona, and AAF Management. OpenReserve will utilize secured funds to build a 24/7 blockchain-native bank and issue a regulated stablecoin.
OpenReserve is creating a regulated platform designed to connect banking, credit, settlement, and capital markets without the limits of business hours or fragmented infrastructure.