HashStack #026

Bitcoin hash rate declined after major mining farms in Xinjiang closed.

Bitcoin miner Hut 8 inked a $7B data center deal backed by Google. It also signed an AI deal with Anthropic and Fluidstack.

Metamask now enables Bitcoin support.

KindlyMD given till June 2026 to regain compliance or risk delisting.

Strive launched a $500M preferred stock ATM offering for further bitcoin acquisitions.

Strategy has acquired 10,645 BTC for ~$980 million at ~$92,098 per bitcoin. It also raised an additional $748M to boost its USD reserves.

MegaETH launched its Frontier mainnet beta for developers. 

TRON announced integration with Base via LayerZero. 

Ethereum Foundation researchers warn of storage burden from ‘state bloat,’ propose paths to ease node bottleneck via state expiry, state archive, or partial statelessness reducing risks to decentralization, censorship resistance and cost of running nodes.

ETHZilla sells $74.5M of ETH to pay off its senior secured convertible note.

Validators vote to designate the HYPE Assistant Fund as burned, permanently removing around $1B of HYPE from circulating and total supply.

Bitwise filed for SUI ETFs.

Solana DATs Forward Industries, tokenized its share on Solana via Superstate and enables shareholders to use their tokenized shares as collateral on Kamino for loans.

21Shares launched XRP ETFs.

Solana’s firedancer client went live on mainnet.

Aevo (prev. ribbon finance) exploited for $2.7M in oracle manipulation attack. 

Aster launched Shield Mode, enabling protected leverage trading, offering zero slippage, no gas fees, and off-book orders. Additionally, it also announced up to 80% of daily fees will be used for token buybacks starting 23 December. 

SEC concluded its investigations into Aave protocol. 

Aave announced 2026 masterplan which includes: full rollout of its Aave App, Aave v4, and expanding Horizon — its institutional focused market for RWA

YearnFi exploited again for $300K.

Sky released its state of Sky ecosystem report which highlighted a 86% growth in USDS supply, increment in net profit amid reduction in operating expenses. It also boosted token buybacks from $367K to $92.2M this year. 

Aave unveils details of its v4 liquidation engine which introduces variable liquidation bonus, liquidation repayment amount and removal of residual dust debt.

Spark Protocol passed a proposal to allocate onchain capital to Anchorage to handle offchain collateralized loans, capturing the higher yields offchain and the muted demand for loans recently onchain.

Phantom integrates with Kalshi. 

Kamino Finance shares future roadmap and launched 6 new products: fixed rate borrowing, borrowing intent, support for offchain collateral for onchain lending, BTC-backed credit, RWA DEX, and BuildKit that enables developers to embed Kamino yield into any application with revenue share.

Aster introduced 0 fee trading on stock perps. 

Bittensor completed its first halving, reducing its issuance from 7,200 to 3,600 per day.

Aethir DAT, Predictive Oncology, rebrands to Axe Compute and targets enterprise AI workloads on its GPU network. 

Render Network introduced Dispersed, a decentralized AI compute network, together with a suite of new AI-to-3D tooling unveiled at Solana Breakpoint.

EigenCloud put forward ELIP-12, proposing to reallocate EIGEN incentives toward actively operating, fee-generating AVSs, with protocol fees accruing back to EIGEN rather than remaining with idle stake.

Questflow rolled out the 0xbitslab agent, a real-time intelligence engine delivering market data, memecoin insights, and on-chain analytics within the Questflow ecosystem.

Tether announced a strategic investment in Generative Bionics, supporting the development of next-generation humanoid robots powered by on-device AI and programmable monetary systems.

Peaq launched a Hardware Store within its application, enabling users to discover, purchase, connect, and earn yield from supported DePIN hardware devices.

Solflare wallet introduces Magic AI in alpha mode - allowing users to get ai analytics on their portfolio, intent driven execution.

Phantom and Visa rolled out Phantom cash debit cards starting in the US. 

Visa offers stablecoin settlements for US Banks using USDC on Solana.

Ripple to expand RLUSD to Ethereum L2s next year.

Tempo introduced Tempo transactions — a transaction type built on EIP-2718 enabling batch transactions, gas sponsorship, concurrent transactions, configurable fee token etc.

SBI Holdings to launch yen pegged stablecoin with Startale after an earlier partnership to launch tokenized RWA trading platform.

Volt, a global payment infrastructure network, taps BVNK to add stablecoin acceptance to checkout.

Spark introduces PYUSD savings vault offering 4% APY.

StraitX to debut XSGD and XUSD on Solana early next year. 

Exodus to launch stablecoin managed by MoonPay in partnership with M0.

Coinbase introduced custom stablecoins for business with 1:1 collateral backing.

OSL partners with Anchorage to launch US regulated stablecoin, USDGO expected to go live in Q1 2026.

EURC goes live on Worldchain.

Youtube now allows creators to be paid in PYUSD. 

Interactive broker to allow retail accounts to be funded by stablecoins. 

x402 v2 unveiled, adding wallet-based identity enabling batch transactions, dynamic payment recipients, automatic API discovery, support for more chains via CAIP standards and fiat offramps.

Doha bank issues $150M digital bond using Euroclear’s regulated DLT platform. 

Binance to advise Pakistan on up to $2B for asset tokenization.

Nasdaq prepares filings to enable equity and securities trading for 23h/5 days a week

JP Morgan taps Ethereum for tokenized money market funds, allowing access to qualified investors.

Securitize to launch onchain native tokenized equity in Q1 2026.

Coinbase rolls out stock trading. 

xStocks launched on TON. 

Ondo plans to expand tokenized stock and ETFs offerings to Solana in early 2026. 

JP Morgan arranges Galaxy’s $50M tokenized bond on Solana with Coinbase and Franklin Templeton purchasing it with USDC.

SEC closed its investigation into Ondo Finance without charges. 

DTCC subsidiary authorized to offer tokenized service for US securities beginning 2026

Coinbase acquired The Clearing Company to expand its prediction market capabilities. 

DAWN, a DePIN for wireless broadband network, raised $13M in Series B led by Polychain Capital. 

Fuse, a DePIN for renewable energy, raised a $70M Series B at a $5B valuation led by Lowercarbon and Balderton. 

RedotPay, a stablecoin infrastructure provider, raised a $107M Series B round led by Goodwater Capital.

YO, a multi-chain yield optimizer, raised $10M in its Series A round led by Foundation Capital. 

Animoca Brands announced a partnership and equity investment in GROW Digital Wealth to build a platform offering crypto and traditional finance products. for Asian family offices and ultra-high-net-worth individuals. 

Hex Trust announced it will issue and custody wrapped XRP (wXRP) to enable DeFi on Ethereum.

Pop-X unveiled its first blind box collection for Perena at Solana Breakpoint.

Huma partners with Obligate, TradeFlow to bring trade finance onchain.

Brevis partners with Aster to bring a trustless CEX-like trading experience.