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CEO Rain: Stablecoin payments have reached more than 100,000 merchants, and most of them are unaware

Comparing news, according to The Block, Farooq Malik, CEO of crypto payment company Rain, said that through cooperation with Visa and other networks, stable coin payments facilitated by Rain have reached more than 100,000 merchants, and most merchants are unaware. Currently, it takes about 3 days for transactions to be settled through the Visa network. If merchants choose to settle directly with stablecoins, they can be settled on the same day. Rain completed Series C financing of 250 million US dollars in January, with a post-investment valuation of 1.95 billion US dollars, an annualized transaction volume of over 3 billion US dollars, and cooperated with Visa and Mastercard to launch stablecoin cards and wallets. It plans to explore the use of regulated stablecoins for on-chain settlement in some business processes. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

3d agoburnking

a16z crypto: Monthly crypto payment card spending reached about $759 million in July of this year

Comparing news, a16z crypto recently posted that the monthly consumption of crypto payment cards reached about 759 million US dollars in July of this year, an increase of about 2.5 times from about 306 million US dollars a year ago. Compared with the level of less than 1 million US dollars in October 2023, the average amount of a single transaction is about 86 US dollars. According to the report, users can hold stablecoins through escrow or self-escrow, and use traditional card networks such as Visa to make purchases offline globally, and settle in local fiat currency on the merchant side. Currently, about 58% of consumption is settled by USDC, and about 26% is settled by USDT, and the share of the euro stablecoin Eure has dropped to about 2% from about 88% previously. Looking at the distribution by chain, Optimism, Solana, and Base each account for more than 20%, and Gnosis's share has declined markedly.

4d ago

Cash App expands cryptocurrency support with MoonPay

In comparison, according to CoinDesk, Cash App integrates with the crypto payment platform MoonPay to expand its cryptocurrency service from previously mainly supporting Bitcoin and the US dollar stablecoin USDC to various digital assets such as Ethereum, Solana, XRP, and USDT. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

4d agoburnking

TripleA CEO: The future of remittance is that no remittance is required; emerging markets should hold and directly consume stablecoins

Comparing news, Eric Barbier, CEO of crypto payment gateway company TripleA, wrote that the future of remittance will be without the need for remittance. It doesn't really believe in stablecoin sandwich remittance (fiat to stablecoin and then back to fiat). In most cases, remittance means transferring strong money into weak money. But stablecoins provide new value: they enable people in emerging countries to hold strong currencies. As related platforms push merchants to accept cryptocurrencies, stablecoins can now be directly spent. As a result, the future of people in emerging countries is not to hold local currencies, but to hold stablecoins, earn profits, and spend them.

7d ago

AEON's cumulative processing amount exceeds $514 million

Comparing news, the AI economic settlement agreement AEON released the latest data showing that its monthly transaction volume in July exceeded 39 million US dollars, the cumulative processing amount exceeded 514 million US dollars, and the number of users exceeded 2.3 million; Among them, QR payments and crypto payments settled through AEON increased by 83.5% and 55%, respectively, month-on-month. As the AI economy accelerates, the demand for instant, borderless payment infrastructure for AI agents continues to increase, and AEON's QR code and encrypted payment networks will become an important infrastructure for machine-to-machine payments and AI payment scenarios. AEON is improving the payment infrastructure around scenarios such as collaboration between agents and independent agent consumption to open up capital flows between AI and offline commerce.

8d ago

[Comparative Daily News Picks] Nvidia teamed up with Wall Street giants such as Apollo and Blackstone to plan $500 billion AI infrastructure financing; Damo launched a $1.5 trillion US innovation infrastructure plan to focus on cutting-edge technologies such as AI; Vitalik updates the Ethereum roadmap: quantum security, privacy protection, and AI-assisted formal verification have become new priorities; Federal Reserve Hamak: Multiple rate hikes may be needed to reduce inflation

Daily AI · Crypto · Macro · Market News, Bitpush helps you draw priorities ↓ AI · News [Nvidia teams up with Wall Street giants such as Apollo and Blackstone to plan 500 billion US dollars of AI infrastructure financing]. Comparing news, the Financial Times quoted people familiar with the matter as saying that financial group alliances including Apollo Global, Blackstone, BlackRock, BlackRock, global infrastructure partnerships owned by Blackfield, Goldman Sachs, and KKR are cooperating with Nvidia (NVDA.O) to prepare an infrastructure with a scale of 500 billion US dollars The financing plan is likely to be announced on Monday as soon as possible. The partnership shows that Nvidia is strengthening its financing layout to raise capital for itself and its customers to build core infrastructure for the AI era, including chips, energy supply, and data centers. Meanwhile, private capital giants are planning to invest trillions of dollars in assets such as insurance funds and institutional funds in the AI infrastructure sector. [Damo launches $1.5 trillion US innovation infrastructure program, focusing on cutting-edge technologies such as AI] In comparison, Morgan Stanley announced the launch of the “American Innovation Infrastructure Initiative”, which plans to promote capital raising and investment activities of about 1.5 trillion US dollars over the next 10 years to support the growth of the US economy. The plan will focus on strategic areas such as artificial intelligence, quantum technology, and semiconductors, and promote the construction of digital and physical infrastructure. [Nearly 7 million users of the Zhi Spectrum API, more than 50,000 new domestic AI chips have been used to relieve computing power pressure] According to the “Late LatePost” report, the number of registered users of the Zhi Spectrum MaaS open platform is close to 7 million, an increase of about 2 million over the beginning of July, of which the number of enterprise customers has reached 23,000. Its developer product zCode surpassed 1 million users a month after launch. Smart Spectrum's ARR (Annual Recurring Revenue) has increased about 15 times since this year, the report said. Market sources revealed that Smart Spectrum's current ARR may reach $2 billion, but this figure has yet to be officially confirmed. As demand for model calling grows rapidly, Smart Spectrum is expanding domestic computing power infrastructure. According to information, Smart Spectrum has used more than 50,000 domestically produced AI computing power chips to mitigate the growing demand for inference. Earlier, it was rumored in the market that Smart Spectrum has built a domestic AI computing power infrastructure with a scale of 1 GW. [OpenAI launches GPT-5.6-Cyber, opening up stronger AI capabilities to security personnel] In comparison, OpenAI announced the launch of GPT-5.6-Cyber and expanded the cybersecurity program Daybreak to provide audited cybersecurity defenders with an AI model more suitable for advanced security work. OpenAI said it hopes to hand over cutting-edge AI capabilities to trusted defenders before attackers deploy autonomous cyber attacks on a large scale. Daybreak is divided into two levels: Daybreak Blue provides GPT-5.6 Sol access without system-level cybersecurity restrictions; Daybreak Red provides GPT-5.6-Cyber access for vulnerability verification and advanced vulnerability research. Testing showed that GPT-5.6-Cyber responded to 95% of requests for advanced cybersecurity tasks, including exploit-chain development, authentication bypass, and privilege escalation. According to OpenAI, high-risk capabilities will only be open to approved users and will be equipped with additional controls and monitoring measures. Crypto · Market [Vitalik Updates Ethereum Roadmap: Quantum Security, Privacy Protection, and AI-Assisted Formal Verification Become New Priorities] In comparison, Ethereum co-founder Vitalik Buterin posted an article on the X platform saying that he has updated the 2023 Ethereum roadmap and compared the technical direction in the previous roadmap with the current “Strawmap” plan. Vitalik said there is a large overlap between the two as a whole, but some technology priorities and implementation paths have changed. Vitalik said that some directions have been reordered, such as the importance of quantum safety technology being further enhanced; some project priorities have been lowered, including VDF (verifiable delay function) and some EVM improvement solutions; other technical routes have been replaced by more advanced solutions, such as Verkle Tree evolving into a unified BT (Binary Tree), and state expiration (state expiry) is shifting to a new state type...

12d agoWendy#Compare Daily Picks

Tom Lee is optimistic about Robinhood Chain: or this year's crypto market's most successful story

Comparing news, Tom Lee, chairman of Bitmine and co-founder of Fundstrat, said that Robinhood's blockchain project Robinhood Chain has become the “biggest success story” of the crypto industry in 2026, and is a breakthrough project in terms of cumulative transaction volume, hedged value (TVL), and potential market size. Lee points out that Robinhood Chain's greatest strength lies in its large user base. Robinhood (HOOD) is opening up the service to its approximately 27 million users, which in itself poses a huge potential market. Ethereum (ETH) has also continued to develop in recent years. Although the growth process is relatively low-key, it has gradually expanded its scope of application mainly through stablecoin settlement and crypto payments and asset purchases on platforms such as Shopify. He believes that connecting 27 million Robinhood users directly to the Ethereum economy will have a significant impact on the crypto industry and is expected to further promote the expansion of blockchain applications from native crypto users to popular financial users. The success of Robinhood Chain is not only reflected in the technical level, but more importantly, it connects traditional financial users, trading platforms, and the Ethereum ecosystem, and may become an important example of crypto assets becoming mainstream adoption.

12d ago

Coin Circle OG Ye Junde fell naked and died: from the peak of his wealth to the last early morning

Source: Shenchao TechFlow Author: Lin Zhengying Original title: Coin Circle Who Fell Naked OG: Ye Junde's Wealth, Gambling, and Asunción's 100-meter altitude in the last early hours of the morning. At 4:30 a.m. on August 7, 2026, the 911 alarm center in Asunción, the capital of Paraguay, received a call: A dead body was lying downstairs in Jade Park, an upscale apartment building in the Trinidad district. When the police arrived, they saw strange images: the deceased was naked, covered in a black plastic bag, and suspected to have fallen from 30 floors about 100 meters high. The deceased was soon initially identified — Harry Chun Tak Yeh, Chinese name Ye Junde, founder and managing partner of cryptocurrency fund Quantum Fintech Group, a Chinese crypto investor claiming to be in charge of more than $2.4 billion in assets. Investigators went up to the 30th floor and found that the doors of the apartment he was living in were wide open, and the house was a mess, but it was empty. He also has another apartment on the 27th floor of the same building where his Brazilian girlfriend, Isadora de Proenca Braganholo Carvalho, 29, lives. Faced with questioning by the prosecution, she said she didn't know anything, and the police have not publicly charged her with any wrongdoing so far. Prosecutor María del Carmen Palazón led the investigation and investigated the three possibilities of accident, suicide, and homicide. Everything waited until the autopsy results were discussed. The $500 entry history of Ye Junde's family is the most classic screenplay in the coin industry. He was born in Hong Kong and immigrated to Canada as a child. He studied electrical engineering at the University of California, Berkeley as an undergraduate, and later got an MBA at Stanford Business School. At least that's what he described as his resume. Prior to entering the crypto world, he followed the standard Silicon Valley elite route: an engineer, CTO and co-founder of several startups, running a technology consulting firm, and serving organizations with revenues ranging from $5 million to $200 million. Bitcoin was still hovering around $60 in 2013. Ye Junde used $500 to buy his first BTC, set up his first fund with $250,000 in the same year, set up the venture capital company Binary Financial, and later changed its name to Quantum Fintech Group several times. It was a pioneering era. Doing crypto OTC OTC trading and managing hedge funds for high-net-worth clients, Ye Junde caught up with Bitcoin's entire curve from $60 to tens of thousands of dollars. By 2023, he and his team claimed to have managed more than $2.4 billion in hedge funds and private equity networks. He began appearing frequently in the industry spotlight: he discussed Bitcoin forks and ICOs on CNBC in 2017, and was a guest on the Bloomberg crypto show in 2022, calling Bitcoin “digital gold,” and speaking on the same stage as Mark Cuban, Tether co-founder Craig Sellars, and others. He also took over the production team for the North American Bitcoin Conference (TNABC) and the Fantom Developer Conference, and set up his own Quantum Miami conference, which the mayor of Miami personally stood for. Highlight moment: In four months, between 2.5 million and 1.6 billion, the most legendary “investment” of Ye Junde's career occurred in the Fantom ecosystem. Fantom is one of the hottest public chains in the “DeFi Summer” of 2021, and was personally coded by Andre Cronje, known as the “Godfather of DeFi.” In September 2021, Tomb Finance, an algorithmic stablecoin project on Fantom, fell into a trust crisis due to a bug called “Gatekeeper” and was on the verge of collapse. Yip Chun-tak took over the team as a member of the Fantom Foundation. The next four months were a magical moment for Tomb Finance: the total hedged volume (TVL) went all the way from $2.5 million to a peak of $1.6 billion, and within two months, TVL skyrocketed nearly 80 times, making it the brightest project in the Fantom ecosystem. This battle established Yip Chun-tak's position within the Fantom community. Someone at X missed it: “Even if Harry turned to the dirty one at the end...

12d ago22#Harry Chun Tak Yeh

From niche to mass: Crypto payment card spending reached a record high of $750 million in July

According to Twitter, a16z Crypto officially posted an article on the X platform stating that stablecoin credit card spending is gradually becoming popular, and that cryptocurrency payment cards have evolved from a novelty to over 750 million US dollars in monthly spending. These payment cards allow people to pay for purchases using cryptocurrency anywhere traditional card networks are accepted. According to the accompanying picture, crypto payment cards such as RedDotPay, EtherFi, and KAST spent $750 million in July.

13d ago

Data: Cryptocurrency payment card spending reached $759 million per month, and stablecoins accelerated towards offline credit card spending

According to A16z Crypto, according to a16z Crypto, the monthly spending of crypto payment cards has grown from the previous niche to 759 million US dollars. This type of card allows users to pay with cryptocurrency in all scenarios that support traditional card organizations. Stablecoins are converted to local currency at points of sale during transactions, which is no different from ordinary credit cards for merchants. As of July 31, judging from the consumption composition of various card plans, RedotPay has occupied the vast majority of shares for a long time, with EtherFi, KAST, Karta, etc. gradually expanding their share from the end of 2025. According to a16z Crypto, crypto card holders can deposit stablecoins to the issuer or hold them directly through self-custody without a traditional bank account. Such cards expand the channels for global users to obtain US dollar accounts, and also provide a convenient way for stablecoin holders to spend.

14d ago