Welcome to another episode of DailyCryptoNews, this is your show for August 28, 2025.
It’s Kyle back on the saddle while Matt’s still bouncing around Europe, getting settled into his new place. He’s got some spicy takes about the trip so far (especially about France), and honestly, we might need to do a live just to unpack those. I’ve lived more than five years between Europe and South America—Spain, Chile, Italy, Germany, Brazil, France—and my rule of thumb has always been: if you’re in one spot for five months, it counts as “living there.” You’ve seen more than a season, enough to know how a place breathes. Residency is paperwork; five months is life. Anyway, let’s pivot to crypto.
Spotify Listener question:
DKennedy asked about secure wallets. Quick hits before I spin this into a Substack deep-dive.
Headlines
Euler (Pronunced <oil-ur>) Becomes DeFi’s “Super App”
TVL skyrocketed from $189M → $3B this year (I only say $2.9B on the show!)
$1.5B active loans, 51% utilization, 20K+ monthly users.
Unified suite: lending, borrowing, swaps, liquidity, fixed yield coming soon.
V2 revenue at $2M+ cumulative; now pacing $500K/month.
Backed by 40+ audits and continuous monitoring.
Rain Raises $58M Series B for Stablecoin Payments
Round led by Sapphire Ventures with Visa participation.
Backers: Samsung Next, Dragonfly, Galaxy, Lightspeed, Norwest.
$88.5M raised total, 10x Visa transaction growth since January.
Powering stablecoin debit/credit cards, wallets, and payment rails.
Solana Alpenglow Heads to Vote
Consensus overhaul: Votor (150ms finality) + Rotor (efficiency).
Replaces Proof-of-History + TowerBFT.
“20+20” resilience: chain survives even if 20% adversarial, 20% offline.
Just 10% validator votes in so far; 88%+ still pending.
The Sandbox Restructuring — Founders Out, Layoffs In
Reported by The Big Whale likley out of Sandbox’s Lyon office
Sébastien Borget & Arthur Madrid sidelined; Animoca CEO Yat Siu takes over.
50%+ staff cut, global office closures (Argentina → Korea).
$300M spent, only a few hundred DAUs (mostly bots).
$SAND down 95%, treasury ~$100–$300M key to takeover.
U.S. Commerce Dept. Goes On-Chain
GDP data published to Bitcoin, Ethereum, Solana, Tron, Avalanche, Stellar, Polygon, Arbitrum, Optimism.
Coinbase, Gemini, Kraken supported uploads.
Partnerships with Chainlink & Pyth: verified GDP, inflation, and demand stats for DeFi.
Use cases: prediction markets, tokenized assets, DeFi integrations.
Commerce Sec. Howard Lutnick calls U.S. “the blockchain capital of the world” under Trump’s crypto agenda.
Little Bits
aPriori: Jump Trading alums raise $20M (Pantera, HashKey, IMC) for on-chain HFT infra; $30M total funding.
Pantera bets big on Solana: planning up to $1.25B buy for a new public SOL-holding company—nearly double what all public companies hold combined today.
Tornado Cash Devs: $500K from Solana Policy Institute to appeal convictions.
Kanye’s YZY rug: left 50K wallets underwater; only 11 wallets made $1M+.
That’s it for today. Thanks for tuning in. Don’t miss the DailyCryptoNews podcaston Spotify & Substack — daily 15-minute episodes Mon–Fri.
Follow us on Twitter: @DCNDailyCrypto
Check the Substack for all top stories.
Happy Hodling.
WHERE TO FIND DCN
EMAIL or FOLLOW the Host
Email: kyle@dailycryptonews.net
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https://magic.link
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!
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