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Deel launched DLUSD with Stripe's crypto-infrastructure stack for its 1.5 million workers. The product went live in Argentina on June 3. Remaining Latin America markets follow in the coming weeks, with Asia-Pacific, the Middle East and North Africa, and Africa after that. Per-transaction fees, jurisdiction-specific issuance frameworks, and the precise rollout timeline beyond LATAM have not been disclosed.

HYPE traded at $73.15 above Solana’s $72.35 after reaching an all-time high of $74.67. Solana fell nearly 14% over the past month and reached its lowest price since late 2023. Grayscale launched its HYPG Hyperliquid Staking ETF earlier on Wednesday. 21Shares’ THYP and Bitwise’s BHYP logged nearly $600 million in volume and over $136 million in net inflows in three weeks, according to The Block data.

ADA fell 6% in 24 hours to $0.20, a more than five-year low for Cardano. Charles Hoskinson warned that many Cardano ecosystem firms will likely shut down this year as markets squeeze Cardano and the broader crypto ecosystem. TapTools said challenging economics led it to end four years of building on the network.

A US official familiar with negotiations said economic compensation remains a key sticking point in US-Iran talks. Iran hopes to receive compensation soon after an initial memorandum of understanding is agreed upon. Trump administration officials are concerned that early fund unfreezing could reduce Washington's leverage over Tehran.

Revolut plans to open Revolut Bank US, N.A. in 2027 with stablecoin services and $500 million in US investment behind its charter application. US chief executive Cetin Duransoy said the bank would pair FDIC-insured accounts with stablecoin access in one app. Duransoy did not name the stablecoins, issuer model, or custody arrangement.

Tether and Fasset are launching a Visa card for Tether Gold users with up to 6% cashback paid in XAUT. The card spends from a user's XAUT balance and converts XAUT to USDT before final fiat payment. Each XAUT represents one fine troy ounce of physical gold, and XAUT has a market cap of around $2.7 billion. Gold and XAUT were trading around $4,414 on Wednesday, about 20% off the yearly high.

Ray Dalio said the AI bubble could burst when investors need to turn paper wealth into cash. Bridgewater estimates Alphabet, Amazon, Meta, and Microsoft could invest about $650 billion in AI infrastructure during 2026. Dalio said debt payments, wealth taxes, or fund redemptions could force large owners to sell.

Franklin Templeton CEO Jenny Johnson said major financial institutions resist public blockchains because the technology threatens fee-based revenue streams at firms that process transactions. Johnson oversees $1.74 trillion in assets at Franklin Templeton. She said 50,000 legacy transactions cost $1.30 each, compared with $1.13 each on the Stellar blockchain.

Bitmine Immersion Technologies faces an estimated $8.9 billion in unrealized losses as ether trades below $1,800. Bitmine has amassed more than 5.4 million ETH, equal to roughly 4.5% of Ethereum’s circulating supply. Bitmine shares fell 5.9% Wednesday and are down 28% since early May.