gm 10/10

Summary
gm, Jack Dorsey's Square launched Bitcoin payment tools for merchants that will waive processing fees through 2026, enabling small businesses to seamlessly integrate Bitcoin transactions into their operations. In a notable institutional move, Luxembourg became the first Eurozone nation to invest in Bitcoin ETFs, allocating 1% of its sovereign wealth fund to digital assets. Meanwhile, the stablecoin ecosystem continued to expand with North Dakota's announcement of "Roughrider Coin," a state-backed stablecoin developed in partnership with Fiserv, scheduled for launch in 2026, while major players like Citi and Mastercard are reportedly competing to acquire stablecoin infrastructure firm BVNK, valued at up to $2.5 billion, highlighting growing institutional interest in digital payment solutions.

News Headlines
💰 CZ Family Office Kickstarts $1 Billion Builder Fund on BNB

• YZi Labs, Binance co-founder Changpeng Zhao's venture office, has announced a $1 billion fund supporting long-term builders in the BNB ecosystem focusing on trading, real-world assets, AI, DeSci, and DeFi.
• Selected projects can receive up to $500,000 in funding plus technical resources, coinciding with surging activity on BNB Chain which recently recorded over 26 million transactions and saw BNB surpass Tether in market cap.

📊 77% of Bitcoin Holders Have Never Used BTCFi, Survey Reveals

• A GoMining survey shows that a significant 77% of Bitcoin holders have never used Bitcoin decentralized finance platforms, with only 8% actively using them for yield or lending purposes.
• Despite 73% expressing interest in earning yield and 42% seeking liquidity without selling assets, over 40% of holders are hesitant to allocate more than 20% of their holdings to BTCFi products, suggesting trust and complexity issues.

🎮 Tezos Shooter 'Reaper Actual' Enters Alpha Playtesting

• EverQuest creator John Smedley has released his new game "Reaper Actual" into alpha playtesting, offering optional blockchain features where players can trade characters and bases as NFTs.
• Smedley emphasizes that crypto elements are optional (predicting only 8% of players will engage with the NFT marketplace), while providing different game editions ranging from $29.99 to $74.99 with various starting resources.

🌐 Jupiter Launches JupUSD Stablecoin with Ethena Labs on Solana

• Jupiter, a Solana-based DEX aggregator, has announced JupUSD stablecoin in partnership with Ethena Labs, intended as a core liquidity and collateral asset within Jupiter's ecosystem.
• The stablecoin will launch in Q4 2025 after multiple security audits, initially backed by USDtb and later integrating USDe, reflecting a growing trend of DeFi projects issuing stablecoins to maintain liquidity and consolidate fee revenue.

🔄 MetaMask Adds Support for Hyperliquid Swaps and Plans Polymarket Integration

• MetaMask has integrated support for Hyperliquid, allowing users to speculate on cryptocurrency prices using derivatives trading infrastructure in response to growing perpetual futures trading in DeFi.
• The wallet is set to support prediction-market platform Polymarket and will offer a seasonal points system where users can earn rewards, including native tokens from partners.

Market Metrics

Fundraising & VC
1. BlockStreet (Undisclosed, $11.5M) - DeFi protocol built for tokenized stock utility
2. Falcon Finance (Strategic, $10M) - Synthetic dollar protocol
3. Lab (Undisclosed, $5M) - AI-native operating system for research and development teams

Regulatory
🌍 Bank of France Advocates for EU-Wide Crypto Oversight

• Bank of France Governor François Villeroy de Galhau has urged the EU to grant ESMA direct supervision over major cryptocurrency firms to prevent fragmented oversight.
• He warned that national regulators may lead to inconsistent enforcement across the EU, highlighting the need for a cohesive regulatory approach to ensure uniform standards.

🗳️ Poll Shows Crypto Stance Could Sway US Midterm Voters

• A McLaughlin and Associates poll found that 64% of 800 respondents considered candidates' stances on digital assets "very important" in their voting decisions for the upcoming 2026 midterms.
• While 38% identified as Democrats, 37% expressed greater trust in Republican candidates to promote crypto-friendly policies, suggesting the issue crosses party lines.

⚖️ Senate Democrats Propose Restrictive DeFi Regulation

• Senate Democrats have introduced a proposal that would classify certain decentralized finance (DeFi) protocols as high-risk and place them on a "restricted list."
• The proposal would impose Know Your Customer (KYC) requirements on crypto applications, including non-custodial wallets, and limit protections for developers.

🌐 Uganda Launches CBDC Pilot as Kenya's Crypto Bill Passes

• Uganda has commenced a pilot for its central bank digital currency (CBDC) as part of a broader tokenization initiative to enhance multiple economic sectors.
• The digital Ugandan Shilling is backed by treasury bonds and complies with KYC and AML standards, developed in collaboration with the Global Settlement Network.

🏦 Ripple to Bring RLUSD Stablecoin to Bahrain via Partnership

• Ripple has partnered with Bahrain Fintech Bay to integrate blockchain and stablecoin infrastructure within regulated markets in Bahrain, focusing on cross-border payments and digital asset custody.
• The collaboration aligns with Bahrain's regulatory framework that permits USD stablecoins and other stablecoins backed by local currencies.

Technical Analysis
Bitcoin - Bitcoin is within an approximate horizontal trend channel in the short term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The currency has support at points 117800 and resistance at points 124300. RSI above 70 shows that the currency has strong positive momentum in the short term. Investors have steadily paid more to buy the currency, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The currency is overall assessed as technically neutral for the short term.

Ethereum - Ethereum is within an approximate horizontal trend channel in the short term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The currency is testing support at points 4300. This could give a positive reaction, but a downward breakthrough of points 4300 means a negative signal. The currency is assessed as technically neutral for the short term.