White House stablecoin Meeting Ends in Impasse, BlackRock Taps Uniswap For Direct 0nchain BUIDL Trading, and More

Bitcoin slipped below $67,000 as markets reacted to a tougher macro outlook, with deleveraging and tighter liquidity pressuring prices.

The mood shows investors turning cautious as broader financial conditions become less friendly to risk assets.

A newsletter from The Block highlights key developments shaping the crypto space, including U.S. policy debates, major institutional moves into DeFi, and new blockchain infrastructure launches — all signaling a fast-evolving market despite short-term price weakness.

Talks at the White House on stablecoin rewards ended without agreement. Big banks like Goldman Sachs, Citigroup, and JPMorgan Chase pushed for strict limits on any benefits tied to holding stablecoins.

Crypto firms such as Ripple and Coinbase resisted overly harsh rules, but both sides still see momentum for future regulation.

Asset-management giant BlackRock partnered with Securitize and Uniswap Labs to enable direct on-chain trading of its tokenized Treasury fund through Uniswap infrastructure.

This blends traditional finance with DeFi liquidity, and news of the move boosted UNI’s price.
Meanwhile,

LayerZero launched its own blockchain with backing from Citadel and ARK Invest, and partnerships with Google Cloud and DTCC — a sign that major institutions continue investing in crypto infrastructure.

Payment company Stripe also advanced adoption by enabling USDC agent payments on Base.