Daily Summary2026-10-28
Stories clustered across sources, with day-to-day continuity and threading.
USDC Overtakes USDT in Euro Stablecoin Trading Under MiCA as Coinbase Converts 14 EEA Stablecoins
Kaiko research cited by coverage reports USDC has overtaken USDT in euro-denominated stablecoin trading as MiCA regulations reshape the European market. Coinbase is separately reported as converting 14 stablecoins held by European Economic Area retail users to USDC on October 30, per multiple outlets covering the compliance action, with coverage noting the EEA stablecoin consolidation as a concrete MiCA implementation milestone.
Zcash’s $125M Funding Fight Widens: Bowe Would End Automatic Grants, Swihart Would End All of It, and Winklevoss Says “End the USAID”
Zcash’s developer-funding dispute widened, per cryptoslate: co-founder Sean Bowe proposed ending Zcash Community Grants’ automatic 8% block-reward allocation — ZCG’s treasury is put at roughly $125M — and redirecting it to the Network Sustainability Mechanism, while Josh Swihart argued for dissolving both developer streams, 20% of block rewards combined. Gemini CEO Tyler Winklevoss declared it “time to end the USAID of Zcash”; Swihart separately called the Crosslink staking proposal “not good for Zcash.”