Weekly Blockchain Circle Updates | Stablecoin Payment Expansion, Institutional Boosts in BTC, Solana Hardware Ambitions Revealed

【CryptoWorld】There have been many noteworthy developments in the crypto market this week.

In the payment ecosystem, the UAE’s largest fuel retailer ADNOC announced that it will start accepting stablecoin payments, marking a further deepening of traditional energy companies’ acceptance of crypto payments. Meanwhile, the derivatives sector is also expanding—CFTC-approved crypto derivatives exchange Bitnomial has been authorized to launch prediction markets, indicating that the market space for compliant derivatives trading continues to open up.

Regarding exchanges, a major exchange announced it will suspend order book trading for some trading pairs including ANKR, AXS, CGLD, and LRC, representing a significant adjustment. Additionally, Grayscale transferred approximately 14,684 ETH and 252 BTC to the exchange’s Prime custody service last week, worth over $70 million, reflecting that large asset management institutions are still actively allocating crypto assets.

In institutional holdings, US Bitcoin companies continued to increase their holdings this week—adding 613 BTC, bringing their total holdings to the $444 million level, demonstrating ongoing positive sentiment towards Bitcoin from publicly listed companies.

However, security risks have also emerged—0G Foundation’s smart contract was attacked, resulting in the theft of 520,000 0G tokens, once again reminding the market to pay attention to smart contract risks.

On hardware and ecosystem development, Solana Mobile announced a partnership with chip manufacturers, planning to integrate hardware kits into over 2 billion Android phones, a move that is quite aggressive.

In token performance, MERL briefly surged past 0.44 USDT and has now entered the top 100 by market cap on CoinMarketCap. But there are warning signs—data shows that Pump Fun’s trading volume has declined for four consecutive months, possibly reflecting a gradual cooling of the ecosystem’s enthusiasm.