Coinage Media

Decentralized mapping project Hivemapper has achieved significant success by securing contracts with Fortune 50 companies, marking a breakthrough for crypto projects in real-world business applications. Key developments: - Hivemapper co-founder confirms real business adoption - Project emerges as a leading DePIN (Decentralized Physical Infrastructure) success story on Solana - Joins other successful DePIN projects like Helium and GEODNET The achievement demonstrates growing enterprise adoption of decentralized infrastructure solutions. [Watch the full interview](https://www.youtube.com/watch?v=WzUWMjbIWg0) featuring Pantera Capital partner Cosmo Jiang for more insights.

Senate Banking Committee Chair Tim Scott has given his final endorsement of the GENIUS stablecoin bill before a crucial procedural vote. The bill, which received its first committee approval in March 2025, is now progressing toward the Senate floor. Key points: - Scott emphasizes bill's importance for financial innovation and American leadership - Represents first major stablecoin legislation to advance this far - Follows earlier committee approval from March 2025 This development marks a significant step toward establishing a federal framework for stablecoin regulation.

The floor price for Doodles NFTs has fallen below 1 ETH, marking a significant decline from its previous performance. This drop comes months after a notable 100% surge following their McDonald's partnership announcement in December 2024. During the peak, Doodles CEO Julian Holguin had celebrated the project's nomination for Crypto Project of the Year, highlighting the resurgence of NFTs in the market. - Previous high: 2x increase post-McDonald's partnership - Current status: Sub-1 ETH floor price - Timeline: 6-month period from partnership to current dip The dramatic shift in valuation demonstrates the volatile nature of NFT market dynamics.

The stablecoin market is experiencing significant growth, moving beyond traditional dollar-pegged assets. Key developments include: - Emergence of new stablecoin varieties backed by diverse assets - Increasing cross-border payment adoption - Shift from speculation to practical financial applications The expansion signals a maturing crypto ecosystem, with stablecoins becoming integral to global financial infrastructure. This transformation suggests a future where digital assets serve practical economic purposes beyond trading. *Expert Analysis*: @vishalkgupta provides insights on market implications and adoption trends. [Watch the full analysis](https://x.com/i/broadcasts/1YpKkBVEwBMxj)

The judge overseeing Do Kwon's case has approved a delay in the pre-trial conference, moving it from early June to June 25. This development comes as part of the broader legal proceedings, with the main trial scheduled for January 2026 in New York City. Key points: - Pre-trial conference rescheduled to June 25 - Main trial remains set for January 2026 - Case involves TerraUSD collapse charges - Prosecutors working through extensive evidence - Translation requirements adding complexity Follow updates at [Coinage Newsletter](https://coinage.substack.com/)

The Coinage DAO has completed its third consecutive monthly token burn, destroying 76,512,246 $PLYBTN tokens based on May's viewing metrics across X and YouTube platforms. This burn follows their March 2025 initiative where they introduced the READ/WATCH/OWN monthly burn mechanism, which ties token burns to content view counts. The program began with an initial burn of 86 Million $PLYBTN (~$50,000). The consistent monthly burns demonstrate the sustainability of their content-driven tokenomics model, originally inspired by a Solana contentcoin experiment. [Learn more about Coinage's burn mechanism](https://www.coinage.media/s4/coinage-launches-usdplybtn-read-watch-own-burn-mechanic-and-10-burn)

Circle ($CRCL) made its NYSE debut, pricing shares at $31 - higher than initially marketed. Coinage NFT holder @SeanMFarrell provided analysis on $CRCL's financial outlook: - Every 25 basis points reduction in reserve rate projected to impact 2026 EBITDA by ~$100M - Base price target for 2026 set at $58.50 per share This analysis suggests significant growth potential while acknowledging monetary policy sensitivity.

Companies are adopting Solana for their treasury strategies, following Michael Saylor's Bitcoin playbook. VanEck's Matthew Sigel and DeFi Dev Corp discussed this trend in a recent interview. Key points: - Multiple public companies now implementing crypto treasury strategies - Notable companies include $MSTR, $STRK, $DFDV, $GME, $MTPLF - Shift represents evolution from Bitcoin-only approach The movement gained attention at Bitcoin2025, where Saylor addressed the growing adoption of his treasury strategy by corporations worldwide. [Watch the full interview](https://www.youtube.com/watch?v=UQCeFdt3oGc)

Circle ($CRCL), a centralized stablecoin issuer, has achieved remarkable success in its IPO, with shares surging 300% and reaching a $20 billion valuation. The dramatic rise benefits early investors and Coinbase. This success contrasts with Do Kwon's vision: *A decentralized economy needs decentralized money.* - Initial IPO surge: 163% - Additional gain: 16% - Current valuation: $20B+ For detailed analysis: [Watch the full Circle IPO episode](https://www.youtube.com/watch?v=2OW8ywnOb-U)

A prominent crypto analyst @HEDigitalAssets, known for accurately predicting the $OM token collapse, has issued a strong warning against reinvesting in the project. Key points: - Cites permanent reputation damage as main concern - Points to team incompetence as critical issue - OM token previously crashed over 90% - MANTRA team denied dumping allegations Read the full analysis in [Coinage's newsletter](https://coinage.substack.com/p/inside-cryptos-latest-5-billion-collapse) or watch the complete [interview on YouTube](https://youtu.be/mTv6EccOQjs)