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According to Bloomberg, a bipartisan coalition supporting stablecoin legislation in the U.S. Senate has fractured due to a group of key Democratic senators threatening to use a filibuster unless the bill undergoes "numerous" amendments. Republicans had originally hoped to pass the bill this month. Newly appointed pro-crypto Senator Ruben Gallego from Arizona led this statement. He had supported the bipartisan bill in the Senate Banking Committee, which aims to regulate cryptocurrencies pegged to the U.S. dollar. This Saturday, he, along with eight other Democratic senators, issued a statement warning that they would filibuster the latest draft of the bill.

According to The Block, DeFi Dev Corp. (DFDV) announced that it has acquired a Solana validator business with a delegated staking scale of 500,000 SOL, valued at approximately $72.5 million. This acquisition will be completed through the issuance of $3 million in restricted stock and a cash payment of $500,000, totaling approximately $3.5 million. The company stated that this acquisition will help accelerate its financial strategy, expand SOL exposure, and strengthen Solana's decentralized infrastructure, with all staking rewards being directly credited to DFDV's revenue.