The analysts estimate Circle paid more than half of the total interest income it earned from USDC reserves to Coinbase.
Visa has added support for PayPal’s PYUSD, Paxos-issued USDG, Circle’s EURC, along with the Stellar and Avalanche blockchains.
Circle will bring native USDC and CCTP v2 to Hyperliquid, shifting the DEX from bridged dollars to directly issued USDC with 1:1 cross-chain transfers.
TradFi apologists can't imagine what a crypto-based financial system can offer, according to Bitwise CIO Matt Hougan.
Institutional exchange clients can now hold the tokenized money market fund for use as off-exchange collateral for derivatives trades.
Anchorage will issue Ethena’s USDtb onshore, providing the first GENIUS‑compliant stablecoin and bringing the asset under U.S. federal oversight.
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
Beijing once warned of stablecoin risks. Now it’s turning to them to help stem the growth of U.S. dollar-pegged tokens in Asia.
Hyperliquid's trading momentum has been substantial, processing over $150 billion in volume during July alone.
Non-bearer tokenized bank deposits settle at face value between accounts, unlike stablecoins, which can trade below par, JPMorgan said.
Euler Labs has partnered with crypto payments startup Brahma on a new credit card enabling users to make “real-world payments."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Standard Chartered says a $750 billion stablecoin market size could influence Treasury issuance and emerging market stability.
The reward rate for USDC on the exchange is 4% as of July 2025, but rates are subject to change by Coinbase.
If pro-crypto legislation passes through Congress over the coming days, "crypto will never be the same" again, Hougan said.
The analysts also see growth in Ethereum and Solana reinforcing their investment case as the cycle broadens beyond bitcoin.
The market capitalization of the two largest stablecoins — USDT and USDC — reached new records this week, a sign that capital is flowing into digital asset markets.
Circle, the issuer of the USDC stablecoin, is reportedly exploring a partnership with Ant Group to extend its presence into China, according to a July 10 report by Bloomberg. Sources familiar with the matter reportedly said that Ant Group, parent company of Alipay and one of China’s largest financial technology firms, plans to integrate USDC […]
The post Circle eyes China market Alipay integration amid reported Ant Group partnership appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Nick van Eck's stablecoin startup Agora secured $50 million in a Series A led by Paradigm to expand its AUSD-based services.
The move is part of Ant's broader effort to build a platform that supports various forms of digital currencies, including tokenized assets.
Assume any exchange that has some material amount of USDC has an agreement with Circle, said one person familiar with the situation.
A major security incident struck the decentralized exchange GMX, siphoning approximately $42 million from its Arbitrum-based v1 perpetual platform. In response, GMX has sent an on-chain message to the hacker offering a 10% white-hat bounty. The platform stated that no legal action will be pursued if the remaining funds are returned within 48 hours. This […]
The post GMX suffers $42M hack, issues 10% bounty offer to hacker appeared first on CryptoSlate.
Thumzup Media also disclosed that Donald Trump Jr. owns 350,000 shares, worth about $4 million at current prices.
Ripples seeks a U.S. banking license that would provide federal oversight for RLUSD, its stablecoin which just crossed over $500 million in market cap.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
CRCL debuted last month with an IPO price of $31 per share, and the stock currently trades around $205 per share.
Bankr, in a recent update, pointed out that Ethereum is maintaining its upward momentum, backed by solid volume and a more favorable news environment. Although brief spikes in volatility may arise from macroeconomic events, Bankr believes the broader trend remains intact, as long as $2,510 holds. Ethereum Three-Day Price Trend Action Analyzing price action over the last 72 hours, Bankr noted a gently rising three-day trend. ETH started near $2,535, spiked to $2,598, and is now holding around $2,571 — a gain of roughly +1.5% for the period. The strongest push came Sunday night when ETH jumped $50 in one hour on the heaviest volume of the week. Related Reading: Ethereum Price Gathers Strength — Bulls Prepare for Upside Extension Since then, the price has been consolidating in a tight $2,565–$2,585 range. On the candle side, higher lows are visible at $2,506, $2,512, $2,540, and $2,560, which shows buyers are stepping in a little earlier on each dip. Examining simple indicators, Bankr noted that the 20-hour moving average is approximately $2,565, with the price sitting just above it — a mildly positive sign. The 50-hour moving average is around $2,538 and still shows a sloping upward trend bias, while candles stay above $2,540. For momentum, a quick RSI-style check shows ETH touched overbought during the $2,598 spike, then cooled to neutral (50–55), which leaves room for another leg higher. As for key levels, Bankr outlined support at $2,550 (recent pivot), $2,510 (volume shelf), and $2,480 (weekly floor). On the resistance side, levels to watch include $2,590–$2,600 (last high) and $2,625 (March swing high). News Impact And Game Plan While Ethereum surges, a stronger-than-expected US jobs report typically acts as a headwind, since it implies the Fed will likely stay on hold. However, Bankr noted that crypto appears to be shrugging it off, thanks to a solid risk appetite that’s keeping momentum intact despite the macro pressure. Related Reading: Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key On the political front, Bankr highlighted that next week’s US “Crypto Week” in Congress, combined with the administration’s pro-crypto stance, is lifting sentiment. Traders are now positioning ahead of potential developments, including clearer regulatory direction and ETH-related ETF chatter, both of which are helping boost confidence. In terms of sector dynamics, Bankr pointed to ongoing institutional accumulation from players like Metaplanet. Additionally, Bankr mentioned the recent USDC burn, which reflects responsible supply management and supports a more constructive backdrop for Ethereum. Outlining a flexible approach, Bankr points to the accumulation of dips, placing laddered limit buys at $2,555, $2,535, and $2,505 in case of a sharp shakeout. For a breakout trade, if ETH closes an hourly candle above $2,600, look to enter or add with a short-term target at $2,625–$2,650, and place a stop just under $2,580. As a protective exit, if ETH drifts below $2,510 on rising volume, momentum likely shifts, cutting exposure or using a stop around $2,495 can help limit drawdowns. For profit-taking, Bankr suggests trimming partial positions at $2,590 and again near $2,625, while leaving a runner in case a summer rally extends toward $2,700. Featured image from iStock, chart from Tradingview.com
The crypto exchange is becoming one of USDC's most active advocates across payments and financial services, Bernstein said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.