Hi friends, let’s take a look at what happened in crypto yesterday.
Polymarket Levels Up with USDC as the go-to for real, native settlement power
Polymarket has partnered with stablecoin giant Circle to revolutionize the settlement process of trades.
They’re moving away from that clunky bridged USDC.e on Polygon and going full native USDC, the real deal issued straight by Circle’s regulated crew, backed 1:1 by actual U.S. dollars and redeemable anytime.
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Native USDC cuts through all that noise, delivering cleaner, faster, more capital-smart settlements as the platform explodes in popularity. Polymarket founder Shayne Coplan nailed it: this locks in a rock-solid, dollar-denominated standard that keeps things trustworthy and scalable.
Trump-Linked WLFI Under Fire Over Massive $500M UAE Crypto Deal
World Liberty Financial (WLFI), the crypto venture tied to Donald Trump’s family, is catching serious heat from House Democrats. A reported $500 million investment from an Abu Dhabi royal-linked entity in the UAE.
California Rep. Ro Khanna jumped on X Thursday to announce he’s kicking off a formal probe into the deal, calling for full transparency and even pushing a U.S. attorney to dig deeper.
“This is about public trust and transparency,” he said, pointing to a fresh Wall Street Journal scoop.
Sheikh Tahnoon bin Zayed Al Nahyan, UAE’s National Security Adviser (aka the “Spy Sheikh” in some circles). Questions are piling up about foreign influence, conflicts, and what this means for U.S. policy.
Crypto Players Pitch Compromises to Unstick the Market Structure Bill
Crypto firms aren’t sitting idle while the big market structure bill gathers dust in the Senate. Fresh reports say they’re dangling concessions around stablecoin yields to get things moving after the House already passed its version.
Banks hate the idea of stablecoin issuers offering yields and that it could pull cash away from traditional savings accounts. So now crypto sides are floating ideas like giving community banks a bigger slice of the stablecoin pie, forcing issuers to park reserves at those banks, or teaming up so community banks can launch their own stablecoins.
It’s classic negotiation chess where everyone’s trying to find middle ground before the bill stalls out completely.
Gemini Exits UK, EU, Australia and Cuts 25% of Staff
Gemini says they’re winding down operations in the United Kingdom, European Union, and Australia, while slashing roughly 25% of their global workforce.
They say these markets have been tough to crack, demand isn’t there to justify the overhead, and the regulatory/regional complexity is killing efficiency.
Plus, AI is supercharging their engineers, making teams “100x” more productive, so they’re streamlining hard.
America has the world’s best capital markets, so that’s where they’re doubling down. Customers in those exiting regions can still withdraw funds, but the focus is sharpening stateside.
And that’s a look at what happened in crypto yesterday, which is both positive and negative.
