Mastercard expands on-chain settlement in bet on stablecoins and always-on finance

Special, a new company founded by Nate Cavanaugh and Justin Fox, members of the former US Department of Efficiency DOGE team, has completed a new round of financing led by a16z, with an undisclosed amount. The investors include Human Capital, Steve Davis, Antonio Gracias, Anthony Armstrong, Coinbase founder Brian Armstrong, and Palantir executive Sankar Krishnan. Nate Cavanaugh stated that the project aims to introduce the concept of government efficiency departments into the business sector.

According to Onchain Lens monitoring, USDH deployers began transferring some HYPE positions 12 hours ago. Obtained 1.01 million HYPEs (worth approximately $725 million) from the release of the pledge, transferred 210000 HYPEs (worth approximately $15 million) to a newly created wallet, and then deposited 200000 HYPEs (worth approximately $138 million) into Flowdesk, of which 120000 HYPEs (worth approximately $825 million) have been transferred to Bybit, and another 80000 HYPEs (worth approximately $5.7 million) are being sold on Hyperliquid.

According to sources cited by Reuters, DeepSeek plans to raise approximately $7 billion in its first round of funding, with a valuation of up to $59 billion. Tencent and CATL will become DeepSeek's largest external investors, with NetEase and JD.com also planning to participate.

The company plans to offer stablecoin, weekend and holiday settlement as demand grows for real-time movement of money. What to know : Mastercard will begin settling transactions in several regulated U.S. dollar stablecoins, including USDC and PYUSD, alongside its existing fiat processes. The new framework will allow intraday, weekend, holiday and on-chain settlement across networks such as Ethereum, Solana, Polygon, Base, Arbitrum and XRPL, moving Mastercard closer to an always-on model. Banks and payment firms like Cross River, Lead Bank, CBW Bank, ARQ and Nuvei will be early adopters, reflecting a broader shift toward using stablecoins as instant, cross-border settlement assets.

[Binance BTC's main players made 8 large transactions in a short period of time, with a total amount of $11.53 million] Main funds showed intense activity in a short time, with market pace accelerating; intentions remain unclear.