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Gate Research: Fiserv Announces Plans to Partner With Circle and PayPal to Launch a Stablecoin | BTFS 4.0 Mainnet Upgrade Nearing Completion

Gate Research: Fiserv Announces Plans to Partner With Circle and PayPal to Launch a Stablecoin | BTFS 4.0 Mainnet Upgrade Nearing Completion

Advanced
ResearchDaily ReportAltcoinsTradingMacro Trends
6/24/2025, 7:24:34 AM
Gate Research: The U.S.-listed company Fiserv disclosed on Monday that it will launch the stablecoin FIUSD by the end of the year and plans to integrate it into existing banking and payment infrastructures.The BTFS (BitTorrent File System) official website announced the v4.0 mainnet upgrade, which will bring revolutionary technological breakthroughs. As U.S. President Donald Trump announced that Iran and Israel have agreed to a ceasefire, cryptocurrencies such as BTC surged last night, with optimistic market sentiment.

Crypto Market Overview

  • BTC (+4.24% | Current Price: 105,482 USDT): Following U.S. President Donald Trump’s announcement of a ceasefire agreement between Iran and Israel, cryptocurrencies, including BTC, surged across the board last night, with BTC briefly surpassing $106,000. From a technical perspective, $110,000 serves as a key resistance level for BTC. If it maintains support above the psychological $100,000 threshold, further upward momentum toward $110,000 is expected. On June 23, BTC ETFs recorded a net inflow of $350 million, with BlackRock’s IBIT seeing $217 million in net inflows and Fidelity’s FBTC attracting over $100 million.
  • ETH (+7.44% | Current Price: 2,414USDT): The cryptocurrency market has rebounded broadly, with ETH holding firm above the $2,400 USDT level; compared to BTC, ETH has been consolidating around this range after climbing from $2,100 USDT to $2,400 USDT and may potentially advance further toward $2,500 USDT in the future; on June 23, ETH ETFs saw a total net inflow, with BlackRock’s ETHA attracting $25.8 million and Fidelity’s FETH drawing over $60 million in net inflows.
  • Altcoins: The altcoin market has seen a notable rebound, with XRP rising 6.45% and SOL gaining 8.12% over the past 24 hours. The Fear & Greed Index remains at 65, reflecting relatively positive market sentiment.
  • Macro Environment: The easing of military tensions between Iran and Israel has triggered a significant rebound in global capital markets. The Dow Jones Industrial Average closed at 42,581 points, up 0.89%; the Nasdaq Composite Index ended at 19,630 points, rising 0.94%; and the S&P 500 Index closed at 6,025 points, gaining 0.96%. Gold is currently priced at $3,356, down 0.39% over the past 24 hours.

Trending Tokens

SEI SEI (+34.28%, Circulating Market Cap: 1.49B USD)

According to Gate market data, the SEI token is currently priced at $0.270, reflecting a 24-hour surge of 34.28%, with a circulating market cap of $1.499 billion.

The Sei Network is a high-performance, DeFi-specific Layer 1 blockchain built on Cosmos. It features a built-in Central Limit Order Book (CLOB) module, providing a decentralized trading platform that enables direct peer-to-peer transactions without intermediaries. Optimized for speed and low fees, Sei is an ideal environment for DEXs. The Sei v2 upgrade introduced parallel EVM, further enhancing performance and user experience—supporting up to 20,000 TPS and transaction finality in approximately 390 milliseconds.

On June 20, Sei’s official X account announced that Sei Network has been selected by the Wyoming Stable Token Commission as a candidate blockchain for WYST, a fiat-backed stablecoin in the U.S. that will utilize LayerZero’s cross-chain bridging technology. Notably, Sei Network was one of only two blockchains chosen by the commission in the previous round. This marks a major proposal for the first state-issued stablecoin in the U.S. and represents a significant step in Sei’s leadership in American crypto innovation. Driven by this development, SEI’s token price has entered a pronounced upward trend.

MOVE Movement Network (+33.72%, Circulating Market Cap: 414M USD)

According to Gate market data, the MOVE token is currently trading at $0.16, marking a 24-hour surge of 33.72%, with a circulating market capitalization of $414 million.

Movement Network is designed based on the Move programming language — a secure smart contract language originally developed by Facebook’s team. Move emphasizes asset ownership and security, with its unique approach of representing assets as “resources” and enforcing a robust ownership model to prevent duplication or tampering. This design simplifies and secures smart contract development.

A key driver behind MOVE’s price rally was the June 21 announcement by the Movement Network Foundation regarding its recent buyback of 10 million MOVE tokens. This reduction in circulating supply has contributed to upward price pressure.

LQTY Liquity (+28.50%, Circulating Market Cap: 133M USD)

According to Gate market data, the LQTY token is currently trading at $1.36, reflecting a 24-hour surge of 28.50%, with a circulating market cap of $133 million.

Liquity is a decentralized borrowing protocol that allows users to take out loans in LUSD—a USD-pegged stablecoin—using Ethereum as collateral. It also introduces LQTY, a fully redeemable stablecoin. Designed by Robert Lauko, the protocol aims to provide a more capital-efficient and lower-risk alternative to existing systems like MakerDAO. Unlike traditional models that require substantial over-collateralization to issue stablecoins, Liquity enables instant liquidation of risky loans and employs a unique redemption mechanism, minimizing governance needs and thereby reducing collateral requirements.

The recent price rally of LQTY can be attributed to two main factors: First, the X account FishTheWhales tweeted about institutional investors accumulating LQTY positions; second, the spillover effect of favorable developments in stablecoin regulatory progress.

Alpha Insights

BTFS 4.0 Mainnet Upgrade Nears Completion

BTFS (BitTorrent File System), a distributed file storage and sharing system based on the BitTorrent protocol, has announced its v4.0 mainnet upgrade, which promises revolutionary technological breakthroughs. The new version ensures end-to-end data integrity by fully supporting high-quality storage providers (SPs) while launching an airdrop incentive program distributing up to 750 million BTT daily to boost network participation. It also significantly enhances network performance and stability. To align with the upgrade, the BTFS website has undergone a comprehensive redesign, with plans to roll out smarter user experiences and real-time ecosystem data services in the near future.

This mainnet upgrade will profoundly impact BitTorrent’s future development. The new version notably increases network participation and improves the service capabilities of storage providers while optimizing performance and stability, laying a solid technical foundation for BTFS’s ecosystem expansion. The website overhaul and upcoming intelligent user features and real-time data services will further enhance user interaction efficiency and ecosystem transparency, likely attracting more users and developers. This will strengthen BTFS’s competitive edge in the decentralized storage market and accelerate its ecosystem growth and value appreciation.

Fintech Giant Fiserv Plans Stablecoin Launch in Collaboration with Circle and PayPal

According to Reuters, U.S.-listed company Fiserv disclosed on Monday its plan to launch the stablecoin FIUSD by year-end, aiming to seamlessly integrate it into existing banking and payment infrastructures. FIUSD will operate on stablecoin frameworks provided by Paxos and Circle Internet (CRCL.N). Analysts note that Fiserv’s timing aligns with the increasing likelihood of the GENIUS Act being passed. Additionally, Fiserv announced a partnership with PayPal (PYPL.O) to ensure interoperability between FIUSD and PayPal USD (PYUSD), facilitating more efficient domestic and cross-border fund flows for consumers and businesses.

Fiserv’s move to introduce FIUSD and integrate it into financial infrastructure marks a significant strategic step for traditional fintech firms entering the digital currency space, with far-reaching implications for the industry. Its collaboration with PayPal will enhance cross-border transaction efficiency and convenience, offering more flexible payment solutions. This initiative is expected to solidify Fiserv’s leadership in fintech while setting a benchmark for stablecoin adoption in mainstream finance, driving deeper integration between digital assets and traditional financial systems.

TMTG (Trump Media & Technology Group): $400M Stock Buyback Won’t Affect Bitcoin Reserve Plan

Per Cointelegraph, TMTG, the parent company of Truth Social, clarified that its $400 million stock repurchase plan will not impact its strategy to build a Bitcoin reserve. This decision reflects the company’s efforts to optimize capital structure while exploring emerging asset classes. The buyback aims to support shareholder returns and potentially boost its stock price, whereas the Bitcoin reserve signals confidence in crypto as a long-term investment. However, given regulatory uncertainties and potential legislative risks in crypto space, investors should carefully assess the long-term implications. Market focus will remain on TMTG’s next steps, particularly the progress of its Bitcoin reserve implementation and any ETF-related developments.

Gate Launchpool

Launchpool Details

  • Project: Humanity
  • Token: H
  • Start Time: June 25, 2025, 17:00 (UTC+8)
  • Participation: Stake BTC to receive free rewards
  • Total Mining Rewards: 727,273 H

Project Overview

Humanity Protocol is a Sybil-resistant blockchain specifically designed for secure, private, and decentralized identity verification. zkProofers play a pivotal role in this ecosystem by validating human identities through zero-knowledge proof technology and earning the protocol’s native token, $H, as rewards. This system safeguards verified human identities and data without storing any personal information. Humanity Protocol is committed to building a world where everyone can prove their humanity, protect their identity, and participate in the digital economy with trust, privacy, and freedom—without compromising security or control.


References:



Gate Research is a comprehensive platform offering in-depth blockchain and cryptocurrency research, including technical analysis, market reviews, trend forecasts, and macroeconomic insights.

Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Author: Mark
Reviewer(s): Ember, Shirley
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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Crypto Market Overview

Trending Tokens

Alpha Insights

Gate Launchpool

Gate Research: Fiserv Announces Plans to Partner With Circle and PayPal to Launch a Stablecoin | BTFS 4.0 Mainnet Upgrade Nearing Completion

Advanced6/24/2025, 7:24:34 AM
Gate Research: The U.S.-listed company Fiserv disclosed on Monday that it will launch the stablecoin FIUSD by the end of the year and plans to integrate it into existing banking and payment infrastructures.The BTFS (BitTorrent File System) official website announced the v4.0 mainnet upgrade, which will bring revolutionary technological breakthroughs. As U.S. President Donald Trump announced that Iran and Israel have agreed to a ceasefire, cryptocurrencies such as BTC surged last night, with optimistic market sentiment.
ResearchDaily ReportAltcoinsTradingMacro Trends

Crypto Market Overview

Trending Tokens

Alpha Insights

Gate Launchpool

Crypto Market Overview

  • BTC (+4.24% | Current Price: 105,482 USDT): Following U.S. President Donald Trump’s announcement of a ceasefire agreement between Iran and Israel, cryptocurrencies, including BTC, surged across the board last night, with BTC briefly surpassing $106,000. From a technical perspective, $110,000 serves as a key resistance level for BTC. If it maintains support above the psychological $100,000 threshold, further upward momentum toward $110,000 is expected. On June 23, BTC ETFs recorded a net inflow of $350 million, with BlackRock’s IBIT seeing $217 million in net inflows and Fidelity’s FBTC attracting over $100 million.
  • ETH (+7.44% | Current Price: 2,414USDT): The cryptocurrency market has rebounded broadly, with ETH holding firm above the $2,400 USDT level; compared to BTC, ETH has been consolidating around this range after climbing from $2,100 USDT to $2,400 USDT and may potentially advance further toward $2,500 USDT in the future; on June 23, ETH ETFs saw a total net inflow, with BlackRock’s ETHA attracting $25.8 million and Fidelity’s FETH drawing over $60 million in net inflows.
  • Altcoins: The altcoin market has seen a notable rebound, with XRP rising 6.45% and SOL gaining 8.12% over the past 24 hours. The Fear & Greed Index remains at 65, reflecting relatively positive market sentiment.
  • Macro Environment: The easing of military tensions between Iran and Israel has triggered a significant rebound in global capital markets. The Dow Jones Industrial Average closed at 42,581 points, up 0.89%; the Nasdaq Composite Index ended at 19,630 points, rising 0.94%; and the S&P 500 Index closed at 6,025 points, gaining 0.96%. Gold is currently priced at $3,356, down 0.39% over the past 24 hours.

Trending Tokens

SEI SEI (+34.28%, Circulating Market Cap: 1.49B USD)

According to Gate market data, the SEI token is currently priced at $0.270, reflecting a 24-hour surge of 34.28%, with a circulating market cap of $1.499 billion.

The Sei Network is a high-performance, DeFi-specific Layer 1 blockchain built on Cosmos. It features a built-in Central Limit Order Book (CLOB) module, providing a decentralized trading platform that enables direct peer-to-peer transactions without intermediaries. Optimized for speed and low fees, Sei is an ideal environment for DEXs. The Sei v2 upgrade introduced parallel EVM, further enhancing performance and user experience—supporting up to 20,000 TPS and transaction finality in approximately 390 milliseconds.

On June 20, Sei’s official X account announced that Sei Network has been selected by the Wyoming Stable Token Commission as a candidate blockchain for WYST, a fiat-backed stablecoin in the U.S. that will utilize LayerZero’s cross-chain bridging technology. Notably, Sei Network was one of only two blockchains chosen by the commission in the previous round. This marks a major proposal for the first state-issued stablecoin in the U.S. and represents a significant step in Sei’s leadership in American crypto innovation. Driven by this development, SEI’s token price has entered a pronounced upward trend.

MOVE Movement Network (+33.72%, Circulating Market Cap: 414M USD)

According to Gate market data, the MOVE token is currently trading at $0.16, marking a 24-hour surge of 33.72%, with a circulating market capitalization of $414 million.

Movement Network is designed based on the Move programming language — a secure smart contract language originally developed by Facebook’s team. Move emphasizes asset ownership and security, with its unique approach of representing assets as “resources” and enforcing a robust ownership model to prevent duplication or tampering. This design simplifies and secures smart contract development.

A key driver behind MOVE’s price rally was the June 21 announcement by the Movement Network Foundation regarding its recent buyback of 10 million MOVE tokens. This reduction in circulating supply has contributed to upward price pressure.

LQTY Liquity (+28.50%, Circulating Market Cap: 133M USD)

According to Gate market data, the LQTY token is currently trading at $1.36, reflecting a 24-hour surge of 28.50%, with a circulating market cap of $133 million.

Liquity is a decentralized borrowing protocol that allows users to take out loans in LUSD—a USD-pegged stablecoin—using Ethereum as collateral. It also introduces LQTY, a fully redeemable stablecoin. Designed by Robert Lauko, the protocol aims to provide a more capital-efficient and lower-risk alternative to existing systems like MakerDAO. Unlike traditional models that require substantial over-collateralization to issue stablecoins, Liquity enables instant liquidation of risky loans and employs a unique redemption mechanism, minimizing governance needs and thereby reducing collateral requirements.

The recent price rally of LQTY can be attributed to two main factors: First, the X account FishTheWhales tweeted about institutional investors accumulating LQTY positions; second, the spillover effect of favorable developments in stablecoin regulatory progress.

Alpha Insights

BTFS 4.0 Mainnet Upgrade Nears Completion

BTFS (BitTorrent File System), a distributed file storage and sharing system based on the BitTorrent protocol, has announced its v4.0 mainnet upgrade, which promises revolutionary technological breakthroughs. The new version ensures end-to-end data integrity by fully supporting high-quality storage providers (SPs) while launching an airdrop incentive program distributing up to 750 million BTT daily to boost network participation. It also significantly enhances network performance and stability. To align with the upgrade, the BTFS website has undergone a comprehensive redesign, with plans to roll out smarter user experiences and real-time ecosystem data services in the near future.

This mainnet upgrade will profoundly impact BitTorrent’s future development. The new version notably increases network participation and improves the service capabilities of storage providers while optimizing performance and stability, laying a solid technical foundation for BTFS’s ecosystem expansion. The website overhaul and upcoming intelligent user features and real-time data services will further enhance user interaction efficiency and ecosystem transparency, likely attracting more users and developers. This will strengthen BTFS’s competitive edge in the decentralized storage market and accelerate its ecosystem growth and value appreciation.

Fintech Giant Fiserv Plans Stablecoin Launch in Collaboration with Circle and PayPal

According to Reuters, U.S.-listed company Fiserv disclosed on Monday its plan to launch the stablecoin FIUSD by year-end, aiming to seamlessly integrate it into existing banking and payment infrastructures. FIUSD will operate on stablecoin frameworks provided by Paxos and Circle Internet (CRCL.N). Analysts note that Fiserv’s timing aligns with the increasing likelihood of the GENIUS Act being passed. Additionally, Fiserv announced a partnership with PayPal (PYPL.O) to ensure interoperability between FIUSD and PayPal USD (PYUSD), facilitating more efficient domestic and cross-border fund flows for consumers and businesses.

Fiserv’s move to introduce FIUSD and integrate it into financial infrastructure marks a significant strategic step for traditional fintech firms entering the digital currency space, with far-reaching implications for the industry. Its collaboration with PayPal will enhance cross-border transaction efficiency and convenience, offering more flexible payment solutions. This initiative is expected to solidify Fiserv’s leadership in fintech while setting a benchmark for stablecoin adoption in mainstream finance, driving deeper integration between digital assets and traditional financial systems.

TMTG (Trump Media & Technology Group): $400M Stock Buyback Won’t Affect Bitcoin Reserve Plan

Per Cointelegraph, TMTG, the parent company of Truth Social, clarified that its $400 million stock repurchase plan will not impact its strategy to build a Bitcoin reserve. This decision reflects the company’s efforts to optimize capital structure while exploring emerging asset classes. The buyback aims to support shareholder returns and potentially boost its stock price, whereas the Bitcoin reserve signals confidence in crypto as a long-term investment. However, given regulatory uncertainties and potential legislative risks in crypto space, investors should carefully assess the long-term implications. Market focus will remain on TMTG’s next steps, particularly the progress of its Bitcoin reserve implementation and any ETF-related developments.

Gate Launchpool

Launchpool Details

  • Project: Humanity
  • Token: H
  • Start Time: June 25, 2025, 17:00 (UTC+8)
  • Participation: Stake BTC to receive free rewards
  • Total Mining Rewards: 727,273 H

Project Overview

Humanity Protocol is a Sybil-resistant blockchain specifically designed for secure, private, and decentralized identity verification. zkProofers play a pivotal role in this ecosystem by validating human identities through zero-knowledge proof technology and earning the protocol’s native token, $H, as rewards. This system safeguards verified human identities and data without storing any personal information. Humanity Protocol is committed to building a world where everyone can prove their humanity, protect their identity, and participate in the digital economy with trust, privacy, and freedom—without compromising security or control.


References:



Gate Research is a comprehensive platform offering in-depth blockchain and cryptocurrency research, including technical analysis, market reviews, trend forecasts, and macroeconomic insights.

Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Author: Mark
Reviewer(s): Ember, Shirley
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.
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