💸 - X is launching financial services ! - 20/06/2025
But also : South Korea prepares for the arrival of crypto ETFs, Revolut plans to launch a euro-backed stablecoin and Circle takes off on the stock market
Hello 👋
Welcome to your daily two-minute briefing on the latest developments in the Web3 space.
🔥 TODAY'S HOT NEWS
Elon Musk wants to launch trading on X
Elon Musk no longer wants X to be just a social network. His goal is to turn it into a super app like WeChat, where users can manage everything in one place—payments, investments, and everyday services.
According to Linda Yaccarino, CEO of X, users will soon be able to send money, pay for purchases, and invest directly from the app. What's more, an X-branded bank card could even be launched by the end of 2025.
Elon Musk is drawing on his background in fintech—notably at PayPal—to try to establish this model in the West, where no app has yet managed to centralize so many services. But the road ahead is fraught with obstacles.
On the one hand, the company will have to comply with a set of strict financial regulations, which vary greatly from one jurisdiction to another. On the other hand, it will be difficult to gain user trust: transforming the image of a social network into a reliable platform for managing money is no easy task.
It's a bold move, but it's fully in line with Elon Musk's vision of a super app. If X can convince users that its data is secure and prove its usefulness, the platform could well revolutionize the way we use social media.
💎 MARKETCAP
🟠 BITCOIN : 106 108 $ 📉
🔵 ETHER : 2 551 $ 📉
🟢 FEAR & GREED : 48 📉
Pavel Durov authorized to leave France for 14 days
The founder of Telegram will be able to travel to Dubai from July 10 to 24, with the agreement of the French authorities. This temporary authorization comes as part of his judicial supervision.
South Korea prepares for the arrival of crypto ETFs
The authorities want to modernize the crypto framework with spot ETFs, enhanced supervision of stablecoins, and reduced trading fees. The aim is to bring regulation in line with global standards and boost the domestic market.
Trump Media reduces its stake in World Liberty Financial
DT Marks DeFi, a company linked to Donald Trump, has quietly sold 20% of its stake in World Liberty Financial. No reason has been given, but this partial withdrawal comes at a time when the US president is under scrutiny from Democrats.
Nearly 50% of Lightning Network nodes hosted by AWS and Google Cloud
Nearly half of Bitcoin's Lightning Network nodes rely on AWS and Google Cloud infrastructure, raising questions about the network's centralization and vulnerability.
HOPIUM NEWS EXPRESS 🚆
💯 TODAY'S NUMBER
55.7 billion : That's the total value locked (TVL) in DeFi lending protocols, a record set by Aave, Maple, and Morpho. Aave v3 leads the pack with 26.1 billion, while Maple explodes with +417% thanks to real asset lending.
❓DID YOU KNOW ?
A database of 16 billion stolen IDs has been discovered, containing emails and passwords from giants such as Apple, Google, and Facebook. As a precaution, consider changing your passwords.
North Korean hackers deploy malware via fake job offers
Crypto developers are being lured into fake interviews and infected with PylangGhost malware, which can steal their sensitive data.
Revolut plans to launch a euro-backed stablecoin
The British neobank wants to strengthen its crypto offering with a proprietary stablecoin, following in the footsteps of MiCA and PayPal. The project remains uncertain due to regulatory and adoption challenges.
Circle soars on the stock market after the adoption of the GENIUS Act
Circle (CRCL) shares have risen 500% in two weeks, buoyed by favorable regulatory momentum for stablecoins in the United States.
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Have a great day,
Emma and Ben
