M&A Shock in Payments: Stripe and Advent have reportedly tabled a joint bid to buy PayPal for $60.50/share, valuing it at $53B+ with ~$50B in committed bank financing and a ~28% premium, as PayPal fights tougher competition and pushes a crypto-focused turnaround. Bitcoin Governance Fight: BIP-110’s push to curb “data hoarding” is headed toward collapse, with miner support near zero and Michael Saylor opposing, raising the risk of a minority-enforced fork. Stablecoin Rule Alignment: The US and UK moved to align stablecoin and tokenized-finance rules via a transatlantic taskforce, aiming for more cross-border clarity for issuers while keeping consumer protections. Institutional Tokenization Push: SBI, DigiFT, and Startale showed a JPYSC-powered proof-of-concept for tokenized securities—settlement and onchain dividend distribution—on an Ethereum testnet. Onchain Credit Goes Mainstream: Pharos launched the Axil Prime Credit Vault, a capped $100M USDC private-credit strategy targeting ~14.3% APY for broader onchain depositors. Retail Access Expands: Bitget Wallet partnered with alfred to add bank-transfer stablecoin on-ramps across Latin America, and Toobit launched a Telegram mini app rewards campaign. Ethereum Treasury Momentum: Bitmine shares jumped after expanding its ETH holdings and reporting heavy staking revenue, reinforcing the “ETH as institutional yield” narrative.