Recent positive news overlooked by the Chinese-speaking community:
1. Kraken and Backed have issued US stocks on Solana, allowing non-US users to trade 24 × 7
2. $DOGE launched on Solana through Wormhole
3. 135M pieces of $WLD were sold directly to a16z & Bain, Worldcoin's cash reserves are sufficient but will 100% not be used to manipulate coin prices
4. Solana's new phone Seeker is set for August 4th; the main reason for the failure of the Saga phone was that hardware sales could not support its token model. Seeker is similar to Helium's mobile version, essentially Depin + developer incentives, but the airdrop may not be larger than Saga.
Let's talk about why both Ripple and Coinbase want to compete for Circle ($USDC)
The surface reason — optimistic about USDC
- USDC occupies half of the compliant stablecoin market, with an average daily on-chain settlement volume of around $10 billion (second only to USDT).
- Circle quietly submitted an IPO in early April this year, which means it can be publicly acquired, with a valuation of $4-5 billion. After Ripple's bid of $4-5 billion was rejected, news emerged of an additional offer + XRP lock-up plan.
In reality, both parties are calculating their own interests:
For both sides, whoever secures USDC will hold the on-chain short debt minting rights, which can be understood as Circle being equivalent to a mini Federal Reserve discount window.
From Ripple's perspective, they have always wanted to align $XRP with bank compliance, which is why Ripple proposed an additional bid + XRP lock-up plan: incorporating $USDC into Ripple quietly links XRP to reserves, which is equivalent to using 1 USDC to buy 0.9 USD Treasury + 0.1 XRP options — obtaining both the dollar minting tax and XRP valuation empowerment at the same time.
From Coinbase's perspective, it is simpler; USDC ≈ the base currency for Coinbase and Base, and the secondary market will treat Base as an on-chain Alipay, which can also elevate Coinbase's valuation.
