Bitcoin rises to $69,000, stocks reverse big early losses, as crude oil sinks back below $100
WTI crude oil, which soared nearly 30% to $120 per barrel overnight, has pulled back to $95, easing pressure on risk assets.
Circle
Circle moves $68 million in just 30 minutes by using its own stablecoin for internal payments
The stablecoin issuer used its Mint platform for intercompany transfers, replacing bank wires that often take days to settle, CEO Jeremy Allaire said.
Circle shares boosted by Middle East tensions, rising oil, fading rate cut hopes, says Mizuho
The stock has risen about 20% since the U.S. strikes on Iran over the weekend.
Stripe’s Tempo Blockchain Is a ‘Referendum on the Ghost of Libra,’ Says Libra Co-Creator
Christian Catalini warns that corporate-led blockchains like Stripe’s Tempo and Circle’s Arc risk repeating the compromises that doomed Libra’s open vision.
Bullish’s $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market
Stablecoins used in the settlement include dollar- and euro-pegged tokens of Circle, Paxos, PayPal, Ripple and Societe Generale, among others.
Circle Acquires Malachite to Power Its Upcoming Arc Blockchain
The USDC stablecoin issuer last week said it is building its own blockchain focused on stablecoin finances.
Taurus Releases Open Source Privacy Tech for Stablecoins, Starts With Circle’s USDC
Taurus’s stablecoin privacy layer uses zero-knowledge proofs and was built atop the Aztec Network.
Bitcoin Rises Past $107K as FHFA’s Pulte Orders Crypto Consideration in Mortgage Applications
The Trump appointee overseeing the nation’s housing agencies said Freddie Mac and Fannie Mae should take mortgage applicants’ crypto holdings into account.
Circle Drops 15%, Stock Frenzy Cools as BIS Warns of Stablecoin Risks
The decline coincided with a BIS report casting doubts about stablecoins’ future role in global finance.
Circle Rockets After Stablecoin Bill Clears Senate, Pushes Post-IPO Rally to Over 500%
Wednesday’s rally reflects investor confidence that Circle will be the chief beneficiary if the U.S. formally embraces stablecoins as digital cash equivalents.