Aug 20: Crossroads of Trust: Stablecoins, Treasuries, and the Future of Crypto

AUG 20 Headlines

• Tether minted another $1B USDT on Ethereum, fueling questions about stability.
• Pump.fun surges past $800M revenue while Bonk.fun collapses, showing Solana memecoin momentum shifts.
• Public companies and funds now hold over 2% of ETH supply, with SharpLink, BlackRock, and others ramping up accumulation.
• Fed Governor Michelle Bowman says the U.S. is at a “crossroads” on whether to lead or lag in blockchain innovation.
• Binance’s new Plasma USDT product filled its $250M cap in 20 minutes, offering yield plus XPL airdrops.

Little Bits

• Monad Trading Cards: 5K CT users got drops, with peer nominations driving recognition.
• 1Kosmos: Cybersecurity startup raised $57M Series B + $10M credit line, building passwordless ID verification.
• Across Protocol: Launched single-step native bridging between Ethereum and Solana, aiming to reduce 13% drop-off from clunky multi-step bridging.

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• https://twitter.com/DCNDailyCrypto

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