Coinbase Unveils DEX Trading as El Salvador Prepares World’s First Bitcoin Banks

Joe McCann’s $1.5B Solana Treasury SPAC Deal Collapses as Hedge Fund Suffers 80% Loss

Joe McCann’s ambitious plan to take his Solana-focused digital asset treasury company public through a SPAC has collapsed, according to multiple sources. The project, called Accelerate, aimed to raise up to $1.5 billion via a merger with Gores Holdings X. The deal’s failure follows sharp losses at McCann’s hedge fund Asymmetric, which is reportedly down nearly 80% this year. While the current path is dead, insiders say the company is exploring alternative routes to market.

Ethereum Foundation Leader Warns Fusaka Hard Fork Faces Tight Deadlines, Urges Pause on 2026 Glamsterdam Upgrade

Ethereum Foundation co-executive director Tomasz K. Stanczak is urging core developers to put full focus on shipping the “Fusaka” hard fork in late 2025 and to temporarily set aside discussions on the 2026 “Glamsterdam” upgrade. In a public call for urgency, Stanczak warned that coordination slippage could jeopardize deadlines, with consensus-layer client releases already facing potential delays into late September. Fusaka testnets are still private, and the compressed timeline leaves little room before November’s Devconnect conference. The comments come as the Ethereum Foundation restructures R&D to improve coordination, underscoring the high stakes for the 2025–26 development cycle.

El Salvador to Launch World’s First Bitcoin Banks, Expanding BTC’s Role in National Finance

El Salvador is preparing to launch the world’s first “Bitcoin Banks,” a move revealed by the country’s official Bitcoin Office. While specific details remain under wraps, the initiative is expected to integrate fully BTC-denominated banking services into the national financial system, potentially supported by new legislation. Senior Bitcoin adviser Max Keiser framed the move as part of Bitcoin’s unstoppable global ascent, calling it a challenge to traditional central banks. Since adopting Bitcoin as legal tender in 2021, El Salvador has sought to cement its position as a global hub for Bitcoin innovation — and the arrival of Bitcoin Banks could be its most transformative step yet.

Coinbase Launches DEX Trading on Base for US Users, Expanding Access From 300 Tokens to Millions

Coinbase is rolling out decentralized exchange trading for U.S. users, excluding New York, via its Ethereum Layer 2 network Base. The integration will let customers buy and sell millions of digital assets — far beyond the roughly 300 tokens previously available — directly within the Coinbase app on DEX platforms like Aerodrome and Uniswap. The move comes as Coinbase faces declining spot trading volumes and growing competition from rivals like Kraken and Robinhood. The company says the service will expand to other networks, starting with Solana, and will give users instant access to new tokens moments after creation.