Block's Cash App opens USDC payment function to 60 million users

The Wall Street investment bank expects a wave of crypto and blockchain public listings over the next two years as institutional investors shift their focus from speculative trading to real-world financial infrastructure. What to know : Jefferies expects a surge of crypto and blockchain-related public listings over the next two years, projecting the sector could become a $1 trillion public market within five years. Institutional investors are shifting focus from bitcoin price speculation to the integration of blockchain infrastructure into core financial systems, including tokenized money market funds, private credit and settlement networks. Traditional financial firms are increasingly partnering with crypto-native providers to use blockchain for faster settlement, improved capital efficiency and lower-cost, around-the-clock payments, with stablecoins and tokenized payments seen as key near-term growth areas.

According to AI coding startup Cognition, it has announced a $1 billion funding round with a valuation of $26 billion. Lux Capital, General Catalyst, and 8VC jointly led the investment, with participation from institutions such as Ribbit Capital, Atreides Management, and Peter Thiel's Founders Fund. Cognition AI focuses on AI driven software development tools.

Circle collaborates with Niu to connect USDC settlement with real-time payment systems covering over 190 countries. （Cointelegraph）

The tokenized Pok é mon card market generated a record high revenue of approximately $7.4 million in the first week of May, with a year-on-year increase of 337%. Courtyard leads with approximately 46% market share, while Collector Crypt and Phygitals account for approximately 27% and 26%, respectively. The market heat is believed to be related to the 30th anniversary celebration of Pok é mon, and Google Trends shows that the search volume for related keywords is close to historical highs. The official plan is to launch the "30th Celebration" new card series in September. （The Block）

Artificial intelligence coding startup Cognition announced the completion of a $1 billion funding round, with a valuation of $26 billion. （Bloomberg）