Google is making its own blockchain🚨
The Daily Crypto Brief!
GM readers.
Google Cloud is building its own blockchain (GCUL – Google Cloud Universal Ledger) for banks and financial institutions to move money and digital assets faster, cheaper, and more securely.
🛠 What is it?
A Layer-1 blockchain (like Ethereum or Solana but made by Google Cloud).
It’s meant for banks and big financial companies, not casual crypto trading.
💡 Why is Google doing this?
To help with payments, settlements, and tokenized assets (like digital bonds, stocks, or currencies).
To give financial firms a neutral platform — not controlled by a competitor like Stripe or Circle.
To make cross-border payments and 24/7 settlements faster and smoother.
🌍 Why it matters
It could replace slow systems like SWIFT for bank payments.
It competes with other finance blockchains being built by Stripe (Tempo) and Circle (Arc).
Shows that big tech like Google is taking blockchain for finance very seriously.
In other news:
Canary Capital Applies for U.S.-Based Crypto ETF
The firm has also filed for Litecoin and Tron ETFs. Although Bitcoin is mined worldwide, the U.S. holds the biggest share of its mining power—driving demand for more American-focused crypto funds.
This comes after the SEC’s approval of Bitcoin and Ethereum ETFs, which have already attracted massive inflows: $55.7B into Bitcoin ETFs and $12.4B into Ethereum ETFs since their launches.
Elon Musk Files Lawsuit Against Apple and OpenAI Over iPhone AI Monopoly
Musk’s companies X Corp. and xAI say Apple’s exclusive deal with ChatGPT gives OpenAI access to billions of user questions while shutting out rivals.
The lawsuit also claims Apple rigged App Store rankings to push ChatGPT above Musk’s own chatbot, Grok, which was sitting in second place under “Productivity.” X Corp. and xAI are asking the court for billions in damages and to stop Apple’s exclusive partnership with OpenAI.
That’s all for today, folks! See you tomorrow with more updates from the crypto world.
Very interesting and on what chain is Google building on?
interesting...