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Fasset, a neobank specializing in stablecoin payments and settlement, has achieved a $1 billion valuation following a $68 million funding round led by SBI, as its revenue surged six-fold amid growing demand for digital dollar-based financial services.
Crypto-powered card spending has topped $1 billion in tracked volume, more than tripling year-over-year, as stablecoins increasingly fund everyday purchases such as groceries, rides and subscriptions. At the same time, a Coinbase executive has described the current stage of AI agent payments as the ‘Napster/LimeWire era,’ suggesting that automated agents could become the next billion users for crypto payments.
Bitcoin surged past $75,000 for the first time on Thursday, extending a rally that has seen the cryptocurrency gain more than 40% this year. The milestone, recorded in early Asian trading, was driven by heavy institutional buying and optimism around spot Bitcoin ETF inflows, according to market analysts. 'Bears in pain, right now,' wrote bitcoin analyst James Check, reflecting the overwhelming bullish sentiment.
The Sandbox, a prominent Web3 gaming metaverse platform, has disabled bridging services on the Base and BNB Chain networks after detecting an exploit, with the company confirming that less than 0.01% of the total SAND token supply was impacted. Users are being warned not to trade SAND on these chains, while investigations into the incident are ongoing.