Tom Lee: Ethereum DATs can use ~$500 million in annual staking rewards to fund grants for Ethereum ecosystem “The Ethereum Treasuries — Bitmine and Sharplink among others — now own 7% of the Ethereum supply… Treasury stock is essentially supply permanently taken out from the ecosystem, but we also own the yield. The yield is around 3% so today these public treasuries are generating ~$500 million in rewards, and that is what we can use to fund and grant the crypto ecosystem.” Lee believes that the Ethereum Foundation narrowing its focus to CROPs (censorship resistance, openness, privacy and security) is the right decision. “Ethereum is a $240 billion network value entity. It has been operating for 11 years without a single day of downtime. There’s 11,500 nodes in 89 different countries. And there’s 15,000 developers. I think this is too big to be coordinated by a single foundation.” As Ethereum continues to scale, he believes the ecosystem will move beyond a foundation-centric model and points to private companies like Etherealize, Optimism, Consensys, Enterprise Ethereum Alliance, and Offchain Labs that represent the Ethereum ecosystem and are already doing enterprise engagement. “This list doesn’t yet reflect the spinoffs coming from the Ethereum Foundation. There’s at least five, and I think Bitmine will play a role in granting and supporting any of those that come out.” “I think Ethereum is in good hands because the foundation is going to be stronger by staying focused. We have a lot of private sector companies already building products and important L2s on Ethereum. And of course, the treasuries are here to help with funding and granting… If you’re bearish, you are selling at the bottom.”

The Morpho Midnight Whitepaper A noncustodial protocol for fixed rate, fixed term credit markets morpho.org/whitepapers/midni…

【LINEウォレット「Unifi」、日本円ステーブルコンJPYC対応｜5月22日から利用可能に】 JPYC株式会社は5月18日、LINEアプリ内で利用できるステーブルコインウォレット「Unifi」で、日本円ステーブルコインJPYCの取り扱いを5月22日に始めると発表しました。 対象は国内で1億人超の利用基盤を持つLINEアプリで、円建てステーブルコインが日常的なコミュニケーション基盤に接続される形になります。 今回の対応は、JPYC株式会社とLINE NEXT Inc.が1月20日に締結した基本合意書に沿うもので、協業が実装段階に進んだ事例とみられています。

Korea's biggest bank just ran a won stablecoin end-to-end KB Financial Group, parent of KB Kookmin, completed a proof of concept covering the full lifecycle of a won-denominated stablecoin, from issuance through offline payments, merchant settlement, and overseas remittance. The retail test ran at a Hollys coffee kiosk, keeping the normal checkout while moving back-end settlement to blockchain. A cross-border leg converted the won stablecoin to a dollar stablecoin via @KaiaChain's on-chain liquidity, then paid out to a Vietnamese bank account in three minutes, down from days, cutting fees roughly 87% versus traditional rails. KB Kookmin is South Korea's largest bank, with about $266 billion in assets. It wants to launch the moment Korea's digital asset law lands.