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first_img Decentralised.co: Stablecoins cannot solve the remittance problem on their own

Decentralised.co reported that the cost of sending $200 across borders is currently 6.36%, down from 9.67% in 2009, with the United Nations aiming to reduce it to 3% by 2030. Remittances consist of three parts: collecting from the remitter, transferring value, and paying the recipient, with the intermediate stage previously being slower and now the cheapest part. Receiving and paying require licenses, bank accounts, compliance, and payment networks. The process from Dubai to Manila takes about six steps, with only one step using blockchain.Pre-funded agent accounts decentralize operating capital. Tokenized dollars can be concentrated in a single funding pool, settled on Sundays, and rebalanced within minutes. Traders hold inventory and bear exchange rate risks. Félix Pago raised $200 million to facilitate remittances from the U.S. to Latin America via WhatsApp, with a16z leading a $87 million equity round and General Catalyst providing a $113 million credit line. Nium is now funding customer payments in USDC. a16z Crypto led a $10 million investment in Better Money. Conduit raised $36 million for corridors from Europe to Nigeria and Kenya, while Palla raised $14.5 million for white-label payments to thirty banks.The article states that stablecoins can fix pipeline issues but cannot resolve isolated systems related to legal matters or toll collection.

Zhao Changpeng: If Hyperliquid enters the United States or opens up market space for more decentralized products, it will be a significant boost for the entire cryptocurrency industry

At the 2026 Wyoming Blockchain Conference, Zhao Changpeng stated that Trump mentioned Hyperliquid and that Mike Selig, the chairman of the Commodity Futures Trading Commission (CFTC), will seek a path for the platform to enter the U.S. market.Zhao Changpeng believes that if this progress can be realized, it will be a significant boon for the entire cryptocurrency industry. Zhao stated that the outside world tends to view him as a supporter of centralized trading platforms due to his holdings in Binance, but the fundamental reason he entered the cryptocurrency industry is his belief in decentralization.He pointed out that some users choose Hyperliquid because the platform can be used through wallets without the need for traditional accounts and KYC processes; if Hyperliquid can operate in the U.S. in a compliant manner, it will open up space for perpetual contracts and more decentralized services to enter the U.S. market.He believes this is not only related to Hyperliquid itself. "Hyperliquid is just the tip of the iceberg; once this tip enters, other projects can follow suit." Related developments will benefit more decentralized products and their portfolio companies, and will also bring more liquidity to international centralized trading platforms, allowing U.S. users to obtain more competitive prices when buying and selling crypto assets.Zhao Changpeng stated that the current cryptocurrency market is far from saturated, so competition between platforms is not the main issue. Hyperliquid's entry into the U.S. will not only benefit itself but will also expand the market size of the entire industry, "what is beneficial for them will also be beneficial for us."

ENS DAO officially established a foundation through a proposal to strengthen the governance of the decentralized domain name ecosystem

ENS DAO has voted to approve the proposal "Next Era of ENS DAO" and completed on-chain execution, officially establishing the ENS Foundation to promote the ENS ecosystem into a new governance phase.According to the proposal, the ENS Foundation will become a fully operational organization, equipped with a full-time executive director, a professional team, and a board of directors consisting of 5 members, responsible for undertaking institutional work related to ENS in areas such as law, policy, standard-setting, and brand protection.ENS stated that over the past nearly ten years, ENS has developed into an important infrastructure within the Ethereum ecosystem, with millions of registered domain names, and has been integrated by numerous wallets, applications, and Layer 2 networks. However, the DAO itself lacks legal entity status, making it unable to effectively participate in the governance of the internet naming system, sign institutional cooperation agreements, hire full-time employees, maintain trademark rights, or engage in regulatory discussions. The establishment of the ENS Foundation aims to fill this gap. In the future, the foundation will be responsible for:Representing ENS in internet standard organizations such as ICANN, IETF, and W3C, promoting the recognition and management of the ".ens" top-level domain (TLD);Participating in policy discussions as a legal entity, communicating with regulatory agencies and government departments;Holding and protecting ENS trademarks and intellectual property, combating phishing and impersonation;Hiring full-time employees responsible for ecosystem operations, funding programs, and fund management;Becoming a formal cooperation entity between traditional institutions such as registrars and standard organizations and the ENS ecosystem.

The decentralized data infrastructure project Permacast has completed a total of $8.9 million in financing, with participation from OKX Ventures and others

According to the New York Daily, the decentralized data infrastructure project Permacast based on Permaweb announced the completion of its Series A funding round on January 15, 2025, raising over $5 million. Combined with the previously completed seed round and Pre-A round, the total funding raised by the project has reached $8.9 million.This round of financing received support from several leading Web3 funds, technology investment institutions, and strategic angel investors. Seed round investors include OKX Ventures, Big Brain Holdings, ChainVision, Foresight Research, and Digital Humanism (DRF); Pre-A round investors include ClearingPoint, 7 O'Clock Capital, Cipholio Ventures, SilverFox Foundation, and a number of private investors; Series A round investors include CoinSummer, angel investor Tomasz Boryniec, Waterwood Investment (Tsinghua), Scorpio VC, and a number of private investors.Permacast stated that as AI models reshape the way information is created and utilized, the demand for trustworthy, permanent, and verifiable data infrastructure is growing. The new funds will be used to accelerate protocol development, expand decentralized network infrastructure, strengthen ecological cooperation, and expand the engineering and product teams. The team stated that a permanent, verifiable, and open data network will become the foundational infrastructure for future intelligent applications.
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