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stablecoin

Circle's Stock Dips 6% in After-Hours Trading Following Secondary Offering Announcement

Circle has launched a secondary stock sale for 10 million shares, resulting in a 6% drop in stock value during after-hours trading.

Crypto

Coinbase Announces Relaunch of Stablecoin Funding Initiative to Enhance DeFi Liquidity

Coinbase is set to revive its Stablecoin Bootstrap Fund launched in 2019, targeting stablecoin liquidity across various DeFi platforms including Aave and Morpho.

Business

Transak Secures $16 Million from IDG Capital and Tether to Enhance Stablecoin Payment Solutions

Transak has successfully raised $16 million in a funding round aimed at boosting its stablecoin payment infrastructure and expanding into new markets.

Business

Circle Introduces Arc Layer-1 Blockchain and Reports Significant Q2 Loss

Circle announced a $428 million net loss for Q2, despite a revenue boost linked to its USDC stablecoin, while unveiling its new Arc blockchain aimed at enhancing stablecoin transactions.

Finance

Ethereum Transaction Volume Rises Amid Price Surge and Lower DeFi Costs

Ethereum's transaction activity is on the rise as analysts attribute the surge to improved network capacity, increasing ether prices, and reduced transaction costs for DeFi activities.

Business

Paxos Seeks National Bank Trust Charter Amid Rivals' Moves

Paxos aims to shift its regulatory oversight from New York to federal, joining other stablecoin firms in their charter applications.

Altcoins

$17 Million XRP Theft: Country Music Legend’s Widow Falls Victim to Crypto Scam

Nancy Jones, widow of George Jones, loses over $17 million in XRP due to theft by her partner.

Altcoin News

Tether Looks to Re-Enter the U.S. Market After Departure in 2021

Tether's CEO discusses plans for a U.S. comeback amid favorable regulations.

Crypto

GENIUS Act Stablecoin Bill Moves Forward After House Vote

The U.S. House approved the GENIUS Act, establishing new regulations for stablecoins, now awaiting President Trump's signature.

Crypto

Bank of America Enters Stablecoin Market as CEO Moynihan Says Development Underway

Bank of America plans to launch a stablecoin, with CEO Brian Moynihan indicating preparations are in progress, amid ongoing regulatory discussions in Congress.

Crypto

Arbitrum's ARB Token Climbs Amid PayPal Stablecoin Speculations

Arbitrum's ARB token rises as it's noted as a potential support chain for PayPal's PYUSD stablecoin, sparking optimism among investors.

Adoption

JPMorgan and Citigroup Investigate Stablecoins as Digital Payment Adoption Increases

JPMorgan and Citigroup are advancing their stablecoin plans as the demand for digital payment options rises.

Crypto News

Fresh Ethical Questions Arise from Trump’s Ties to Binance

A recent investigation highlights the connections between Trump and Binance, focusing on the cryptocurrency USD1 and its implications for ethics in finance.

Crypto

Recent Growth in Stablecoin Supply Reflects Strong Crypto Market Activity

The combined market value of the leading stablecoins, USDT and USDC, surged to record levels this week, indicating increasing investment in cryptocurrency markets.

Crypto

Ripple Engages BNY Mellon for Custody of Stablecoin Reserves as RLUSD Reaches $500M

The financial technology company Ripple has selected The Bank of New York Mellon to oversee the reserves backing its US dollar stablecoin, as demand surges upwards.

Finance

Pepe's Struggles Continue as It Fades from Recent Peaks

Pepe, the third-largest stablecoin, is facing challenges in maintaining its value above critical moving averages amidst increased selling pressure.

Weekly Summary

Cryptocurrency Market Surges Amid Key Developments

This week, the cryptocurrency market witnessed a significant surge in prices, particularly for Bitcoin and Ethereum, driven by increased institutional interest, market speculation, and strategic partnerships across the sector.