1/ FraxNet is LIVE 🥳
Welcome to your stablecoin money account. FraxNet is your hub for minting, redeeming, and earning with frxUSD, our flagship stablecoin built to the GENIUS standard. Available on 20+ chains.
JUST IN: @sbigroup is launching a JPYSC lending product this month with a 3% annual yield, just weeks after introducing the trust bank-backed yen stablecoin JPYC.
Japan’s stablecoin adoption is accelerating.
Source: theblock.co/post/407988/sb…
¤ Frax take: We see enormous potential in Japan and Frax will be at @WebX_Asia in Tokyo this week to meet with partners.
BREAKING: @MicroStrategy sold 3,588 $BTC for $216M to fund dividends.
Once it layered cash obligations onto its Bitcoin treasury, sales became inevitable.
The market dislikes the headline, but reducing financing risk now is healthier than putting it off until it's too
Strategy has sold 3,588 $BTC for $216 million to fund dividends on our Digital Credit securities. As of 7/5/2026, we hodl ₿843,775 in our BTC Reserves and $2.55 billion in our USD Reserves. strategy.com/press/strategy…
JUST IN: @PalmerLuckey's @ereborbank is targeting an $8B+ valuation, just five months after receiving its charter.
Deposits nearly quadrupled in 3 months to $4B+
A bank built for the future of hard tech and crypto is scaling fast. Seems like a good fit for Frax.
BREAKING: @RobinhoodApp Chain mainnet is live.
@Lighter_xyz is serving as the core trading platform on the app/chain.
Frax is watching this one closely 🧐
JUST IN: Open USD is a new stablecoin issued by @Stablecoin launching with 140+ partners including Visa, Stripe, Mastercard, BlackRock, BNY, Google, Shopify, Coinbase, and Aave.
¤ Frax take: We’re close partners with @Stablecoin and welcome new stablecoin entrants.
The best new stablecoins are giving more back to the ecosystems that grow them, just as frxUSD does.
As the world moves onchain, there’s room for many winners.
JUST IN: @hiFramework raised a $400M fund spanning crypto, AI, robotics and energy.
Crypto still has major growth ahead in stablecoins, prediction markets, and tokenized assets.
But the signal is clear: crypto’s best capital allocators are expanding into every frontier market.
BREAKING: @krakenfx is reportedly in talks to buy 15% of @aave at a $385M valuation.
The proposed deal: 35,000 ETH for 250,000 AAVE tokens plus equity.
One of crypto’s biggest exchanges may be betting on DeFi’s biggest lender.
BREAKING: @Kalshi is reportedly raising at a $40B valuation after clearing $17B in monthly volume.
Kalshi and @Polymarket are now in a full-scale race for prediction-market dominance.
Which platform ends up on top?
JUST IN: Former New York Governor @andrewcuomo will co-chair a new venture between @okx and NYSE owner @ICE_Markets.
The goal: connect crypto markets with US futures and tokenized equities.
USDso is Live 🥳
@Somnia_Network is trusting Frax to power its native stablecoin USDso with frxUSD infrastructure.
Institutional-grade reserves, native minting, and a rewards model that sends value back to Somnia’s protocols, builders, and liquidity providers.
Introducing USDso
Somnia's ecosystem stablecoin, issued and operated by @fraxfinance on GENIUS-compatible frxUSD infrastructure, backed by institutional-grade collateral.
Paired with a Yield Allocation Framework that routes reserve yield back into the ecosystem, it is
JUST IN: The SEC and CFTC are asking if perpetual futures + prediction markets should be treated as swaps, the same day @CMEGroup sued the CFTC over @Kalshi's perps.
Incumbents want the old definitions enforced. Regulators want them rewritten.
Perps continue to make headlines.
JUST IN: Congress is moving to ban a Fed-issued CBDC until 2030.
The updated 21st Century ROAD to Housing Act includes language blocking the Fed from issuing a CBDC or anything “substantially similar.”
Source: theblock.co/post/405037/ho…
¤ Frax take: The message from Americans is clear: they don’t want a government coin. Private stablecoins like frxUSD encourage open competition, innovation, and better outcomes for everyday users.