💼 Traditional Finance “Rushing In”: Big Institutions Accelerate Blockchain Deployment
Big Players Enter: Bank of New York Mellon is moving $8.6 trillion worth of fund records to the blockchain; Circle acquired nearly 1,000 blockchain patents from IBM to strengthen the USDC ecosystem.
Payment’s New Frontier: Coinbase data shows that AI agents completed 140 million payments in nine months, with 98.6% settled in USDC—stablecoins are becoming the underlying tool for machine-to-machine payments.
In addition, Kraken’s parent company acquired Magic Labs’ wallet business. In the past 24 hours, the entire network saw liquidations totaling $308 million, affecting more than 96,000 people.
In short, the situation right now is “macro pressure, and games over existing liquidity” — on one side, Fed policy is weighing down valuations; on the other, the AI industry is siphoning away funds and resources that would otherwise flow to the crypto space.