BlackRock views rising US national debt as catalyst for crypto adoption

Connecticut has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com for engaging in illegal sports wagering activities. This enforcement action underscores the state's commitment to regulating online gambling and ensuring compliance among fintech platforms.

Larry Fink, CEO of BlackRock, recently described Bitcoin as an 'asset of fear' during a discussion with Coinbase CEO Brian Armstrong, indicating a shift in BlackRock's perspective on cryptocurrency over the past eight years. This statement reflects a cautious approach towards digital assets amid ongoing market volatility.

At the DealBook Summit, BlackRock CEO Larry Fink acknowledged the utility of Bitcoin, while Coinbase CEO Brian Armstrong revealed that the exchange is conducting pilots with major U.S. banks to explore stablecoin and crypto-trading capabilities.

Hyperliquid's HIP-3 market has achieved a significant milestone, with trading volume surpassing $5 billion. This surge is attributed to the platform's expansion into custom perpetuals for synthetic assets and technology stocks, enhancing its offerings in the cryptocurrency sector.

Yi He has been appointed as co-CEO of Binance, joining Richard Teng to lead the company's global growth and innovation strategy. This leadership change is part of Binance's efforts to adapt to the evolving cryptocurrency landscape and enhance its operational capabilities.

Fin, a company founded by former Citadel engineers, has successfully raised $17 million in a Series A funding round to launch its stablecoin payments product on the Solana blockchain, aiming to facilitate fast and cost-effective transactions.

Solana Mobile has announced plans to launch the SKR token in January 2026, with a total supply of 10 billion tokens. The distribution strategy includes allocations for airdrops, growth initiatives, and liquidity support, aiming to enhance the overall ecosystem of Solana Mobile.

Charles Schwab's CEO has expressed openness to acquiring cryptocurrency companies if the pricing is favorable, a move that could significantly alter the brokerage landscape and enhance competition in the sector. This potential shift indicates a growing interest from traditional financial institutions in the cryptocurrency market.