🧵 4. Stablecoins are evolving beyond crypto trading, being used for cross-border payments and savings, with monthly active wallets at a record high of 22 million.

🧵 3. Amid the growth, competition intensifies as BitGo plans to launch its USDS stablecoin, following Coinbase's introduction of cbBTC for its network.

🧵 2. A new report by Bernstein reveals the total circulation of stablecoins has hit a record $170 billion, indicating their increasing significance globally.

🧵 1. Stablecoin issuers now rank as the 18th largest holder of U.S. Treasuries, highlighting their growth and importance in the digital asset market. #crypto

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🧵 5. Kennedy's letter challenges negative portrayal of Bitcoin mining's energy consumption, cites benefits for grid stability and renewable energy growth.

🧵 4. Industry experts and studies support RFK Jr.'s stance on Bitcoin miners using carbon-free energy. Debate ongoing on mining's environmental impact.

🧵 3. Bitcoin miners in Texas play key role in balancing grid, contribute to renewable generation growth. RFK Jr. highlights industry's benefits.

🧵 2. Kennedy refutes claims on Bitcoin mining impact, argues miners help stabilize grids. Many earn more from selling energy back to grid.

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🧵 5. The Solana Foundation hasn't responded to the incident. Eric Wall expressed disappointment over missing the chance for Azalea to twerk on him.

🧵 4. Organizers initially denied Azalea's twerking plans citing concerns over the event's seriousness. Azalea decided not to attend the conference.

🧵 3. A debate between Azalea and Eric Wall on celebrity coins was planned at Solana Breakpoint. Azalea wanted to twerk on Wall, but organizers objected.

🧵 2. Azalea released Solana meme coin MOTHER in June. Despite promoting it actively, criticism persists on the short lifespan of celeb tokens.

🧵 1. RFK Jr. defends Bitcoin mining, calls out 'myths' on its environmental impact. Says industry vital for supporting renewable grids. #crypto

🧵 1. Iggy Azalea claims she was barred from twerking at Solana Breakpoint due to fear it "would go too viral." She called it a "bait and switch." #crypto

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🧵 5. The case involving Custodia Bank and the Federal Reserve Board of Kansas City is now under scrutiny by the U.S. Court of Appeals for the 10th Circuit, focusing on banking laws and the Monetary Control

🧵 4. Custodia alleges Federal Reserve Board's rejection was politically motivated, aiming to hinder growth in the digital assets industry and isolate the bank.

🧵 3. The Wyoming bank, Custodia, filed an appeal after being denied a master account at the Fed, seeking access to liquidity facilities and payment services like FedNow.