Crypto News. June 11, 2025

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DeFi

Stripe is acquiring crypto wallet infrastructure firm Privy to expand its digital asset offerings. Privy supports over 75 million accounts, simplifying crypto wallet integration for developers

This follows Stripe’s $1.1 billion purchase of stablecoin platform Bridge and the launch of a stablecoin money management tool.

NASDAQ listed VivoPower is deploying $100M in XRP via Flare’s FAssets protocols to generate institutional grade

The yield earned will be reinvested into XRP holdings, forming a self compounding treasury structure

Flare is not a replacement for the XRP Ledger, rather it complements the XRP Ledger by extending XRP’s utility into compliant, programmable, yield generating finance, rather than replacing it.

Flare Network been making significant strides in 2025, rolling out stablecoin support, upgrading its FAssets stack, and securing high profile institutional partnerships.

Polygon Founder Sandeep Nailwal has assumed full control of Polygon foundation and will focus on Agglayer development, an upgraded POS chain to Gigagas while sunsetting Polygon zkEVM

“Polygon PoS will focus on stablecoin payments and RWAs, while Agglayer will focus on building a trustless Internet of Block”

Ondo Finance has launched its tokenized U.S. Treasuries fund (OUSG) on the XRP Ledger, using Ripple’s RLUSD stablecoin for subscriptions and redemptions, to expand access for institutional investors

Former Ethereum researcher Péter Szilágyi claims he rejected a $5M offer to spin out Geth and accused the Ethereum Foundation of secretly funding a rival Geth team.

Native USDC is now live on Worldcoin

Namada is a privacy layer on Cosmos built to shield IBC assets. Shield and earn NAM rewards as their token generation event draws close