RaaS #435: Hong Kong Launches Stablecoin Rules!

VanEck & Pudgy Penguin At Nasdaq Opening, Fiserv Teams Up With Circle: GM Web3

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Radarblock xyz
June 23, 2025

Hong Kong Unveils Stablecoin Licensing Regime, Solace Goes Live, and Moar!

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By formalizing stablecoin rules and leveraging its offshore yuan dominance, Hong Kong is positioning itself as a key player in the next wave of global digital finance. Yuan-pegged stablecoins will be challenging the USD's hold on cross-border crypto payments.

Solace, the emotionally intelligent AI companion and winner of the Virtuals Hackathon, is now live. As AI evolves beyond task automation, Solace highlights a growing demand for emotionally aware, human-centric tech in everyday life.

Michael Saylor’s Strategy seems to be unbothered by what’s going on in the world and bought an additional 245 BTC. In other news, the sky is blue.

Are we there yet?

With over 30M $YND staked, YieldNest is building a strong foundation of aligned users. Stakers collect earnings and help direct the platform’s evolution.

ZachXBT is moving like Sherlock Holmes (again). He’s just uncovered a $4M+ phishing scam led by New York-based Christian Nieves (aka Daytwo), who targeted Coinbase users through social engineering and fake support calls.

The best-performing stock on the market right now is Circle. As its stock price soars, it’s clear Wall Street is finally tuning in to the role stablecoins will play in the future of finance.

Top Gainers: BC, GAME, FUN, MOVE, LCX.

Financial giant Fiserv is stepping into crypto with FIUSD, aiming to bring token payments to 10,000 banks and 6 million merchants by year-end. A good signal of growing mainstream adoption of stablecoins and digital assets in everyday finance.

Your eyes are not fooling you. VanEck and a Pudgy Penguin were present at the Nasdaq Opening Bell Ceremony. Is this what mass adoption looks like?

0xJeff believes DeFAI isn’t dead, it just needs a pivot. He believes that teams building scalable, secure AI-driven DeFi platforms are positioning themselves to lead the next wave of growth.

That’s all for today!