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Western Union to Launch Solana Stablecoin in May

Western Union confirmed that it will launch its Solana-based stablecoin, USDPT, next month as part of a broader expansion into digital assets. The token will initially focus on settlement between the company and its international agent network, aiming to reduce the cost and speed limitations of traditional correspondent banking. CEO Devin McGranahan said the company is now focused on scaling its crypto operations rather than deciding whether to enter the sector.

The stablecoin will be issued through Anchorage Digital Bank, while Western Union’s new Digital Asset Network will connect crypto wallets with its global infrastructure through a unified API. The company also plans to introduce a USD Stable Card later this year across dozens of markets, allowing users to hold and spend stablecoin balances in everyday transactions.

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World Liberty Financial Quietly Sold Billions More WLFI Tokens

World Liberty Financial reportedly sold another 5.9 billion WLFI tokens through private deals with accredited investors, adding hundreds of millions of dollars to the project’s fundraising totals. The venture, linked to the Trump family, had already raised more than $550 million from previous sales. According to project disclosures, a Trump-affiliated entity is entitled to receive most of the token sale proceeds, while family members also control billions of WLFI tokens directly.

The additional sales have intensified criticism because early investors still cannot access most of their holdings. Buyers were only allowed to sell a small portion of purchased tokens, while the remaining balances remain locked without a public release schedule.

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Strategy Clarifies Bitcoin Sale Comments After Earnings Loss

Michael Saylor clarified that Strategy would continue aggressively accumulating Bitcoin even if the company occasionally sells part of its holdings. According to Saylor, for every single Bitcoin sold, the company expects to buy between 10 and 20 more, emphasizing that Strategy has no intention of becoming a net seller. Company executives explained that limited sales could be used strategically if they generate greater shareholder value than issuing additional equity.

The comments follow Strategy’s massive quarterly loss and growing attention on the company’s dividend obligations tied to its preferred stock products.

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Pre-IPO SpaceX Market Opens with Billion-Dollar Valuation Bets

Trade.xyz has launched the first onchain perpetual futures contract tied to SpaceX, allowing crypto traders to speculate on the company’s future IPO valuation through Hyperliquid. The new SPCX-USDC market opened with a reference valuation of roughly $1.78 trillion based on estimated fully diluted shares. Trading activity quickly intensified, with the contract surging from its initial price and briefly implying a valuation above $2.5 trillion before stabilizing lower.

The launch marks another step toward onchain price discovery for major private companies ahead of public listings. Strong early trading volume and rising open interest highlighted growing demand for crypto-native exposure to pre-IPO markets.

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Ethereum Foundation Plans Leaner Future and Reduced ETH Sales

Vitalik Buterin said the Ethereum Foundation is shifting toward a smaller and more focused structure aimed at long-term sustainability rather than broad expansion. According to Buterin, the organization plans to reduce ETH sales and concentrate only on areas considered essential to Ethereum’s core principles, including security, censorship resistance, privacy, and decentralization.

He also noted that his personal influence within the foundation will continue to decrease as the restructuring progresses.


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Binance Expands Into US Stock Trading for Global Users

Binance has launched trading for more than 7,000 US-listed stocks and ETFs for eligible users outside the United States, allowing investors to buy fractional shares with crypto-funded accounts. The service offers commission-free trading, extended market access, and support for stablecoins and selected cryptocurrencies as funding options. Traditional brokerage and custody partners will handle order execution, asset storage, dividends, and other corporate actions.

The move reflects Binance’s broader strategy of combining traditional investing with onchain finance as demand for tokenized real-world assets continues to grow worldwide.

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Strategy Buys Bitcoin Below Average Cost for First Time

Strategy purchased 1,550 Bitcoin for approximately $101 million during the first week of June, paying an average price of $65,332 per coin. The acquisition is notable because it marks the company’s first Bitcoin purchase below its overall average acquisition cost since launching its treasury strategy. The buy was financed through share sales, while the company also strengthened its liquidity position by increasing cash reserves to roughly $1 billion.

The latest purchase raises Strategy’s total holdings to more than 845,000 BTC, reinforcing its position as one of the largest corporate Bitcoin owners. The move follows a recent period of market weakness that saw Bitcoin decline sharply and prompted the company’s first disclosed BTC sale in years to help meet dividend obligations.

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