Parse notes
The Senate Finance Committee has scheduled a hearing on October 1 to review how cryptocurrency should be taxed, reflecting the growing urgency around modernizing the US tax code for digital assets. The session comes as lawmakers debate exemptions for small, routine crypto purchases and broader reforms. Current IRS rules treat all crypto transactions as taxable events, even when no gains or losses occur.
Nine major European banks, including ING, UniCredit, Danske Bank, and CaixaBank, have formed a consortium to launch a MiCA-compliant euro-denominated stablecoin expected to be issued in the second half of 2026. The initiative aims to provide a European alternative to the US-dominated stablecoin market and enhance Europe's strategic autonomy in digital payments, with the new company being established in the Netherlands and seeking e-money institution licensing from the Dutch Central Bank. The stablecoin will offer near-instant, low-cost transactions with 24/7 cross-border payment capabilities, programmable payments, and enhanced supply chain management features leveraging blockchain technology.
PolyGlobe has introduced a spatial way to browse prediction markets. Traders can now explore elections, conflicts, and macro events via a world map, with narratives clustered by region. An AI engine geotags markets by extracting entities, locations, and coordinates, then organizes them into regional storylines. Upcoming features include map-native search, OSINT overlays (integrating live tweets, flight tracking, and troop movements), and smarter filters, alerts, and watchlists. The goal is to make geopolitics trading more intuitive, visual, and context-rich, moving beyond lists of markets to a dynamic, intelligence-style interface.
World Liberty Financial will launch a debit card and retail application "very soon" to integrate its USD1 stablecoin into everyday payments, including Apple Pay integration, co-founder Zak Folkman announced at Korea Blockchain Week 2025. The retail app will merge peer-to-peer transfers with trading features, forming the core of World Liberty's consumer market expansion strategy beyond its current DeFi offerings. The Trump family-backed project has also signed a memorandum of understanding with South Korean exchange Bithumb to explore business opportunities, though specific details of the partnership remain unclear at this time.
Prediction markets like Polymarket and Kalshi have moved beyond speculation, processing $35B+ since inception and $17.5B in 2025 YTD. Kalshi is leaning heavily into sports (96% of recent volume), while Polymarket skews political and long-tail cultural events. Both face limits from full collateralization and oracle/review structures, yet their growth suggests prediction markets are maturing into one of finance's most speculative and democratizing frontiers.
Solana ecosystem momentum accelerated with two major Digital Asset Treasury launches: Helius raising $500M backed by Pantera Capital and Solmate raising $300M from UAE-based investors with Ark Invest backing, coinciding with the SEC's approval of generic listing standards, clearing the path for more spot crypto ETFs. Infra milestones included $1 billion of Bitcoin issued on Solana for the first time ever, SP3ND launching to enable Amazon purchases with stablecoins, Orderly Network adding multi-collateral trading support for SOL and USDT, and Reflect Money launching USDC+, a yield-bearing stablecoin. The ecosystem's developer activity surged with the first Solana Mobile Hackathon attracting over 1,000 signups and 276 global submissions.
Fusaka's headline feature, PeerDAS, lets nodes verify block data by sampling chunks instead of storing full blobs, enabling safer, cheaper L2 data posting today and future L1 scaling. Blob usage just hit six per block for the first time. Counts will rise conservatively at first, then more aggressively as the network hardens. Longer term, even L1 execution data could migrate into blobs, opening more throughput without sacrificing decentralization.
Base has doubled DeFi TVL to $5B since spring, with Aave and Morpho leading growth (Morpho's BTC-backed loans hit $720M). Tech upgrades like Flashblocks (200ms block times) and Stage 1 decentralization have drawn praise from Vitalik Buterin. A Solana bridge and the new Base App (chat, trade, post, and discover apps) push Base further into mainstream UX, already distributing $500K+ to creators.
Nine major banks, including ING, UniCredit, Danske Bank, CaixaBank, SEB, and Raiffeisen, have launched a consortium to issue a euro-backed stablecoin under MiCA, with a planned rollout in H2 2026.
This technical chart provides a detailed look at every action a smart contract can take on an Ethereum Virtual Machine blockchain, including basic math, transactions, and memory management.
Over the next few years, several crypto companies are expected to go public, including BitGo next month, Ripple potentially in 2026, and Consensys in 2027.
Wasabi Protocol saw a 75% TVL jump when it integrated as a miniapp into the upcoming Base App.