Circle

SpaceX and Circle rank among the 10 largest positions in Ark's flagship innovation fund after the firm continued buying both companies following their second-quarter earnings.

Bernstein said Circle's partnerships, regulatory approvals, and Arc launch provide additional revenue streams not reflected in estimates.

SpaceX plunged as investors grew concerned about the firm's $18.4 billion in capital expenditure during Q2, despite revenue growth.

Circle's USDC distribution deal with Coinbase has been renewed on existing terms, and Arc's testnet has processed half a billion transactions.

Circle named BlackRock, Visa, DTCC and eight others as Arc validators as Q2 revenue hit $701M and USDC circulation reached $73.3B.

Stablecoin issuer Circle reported $701 million in Q2 revenue, missing Wall Street estimates of about $713 million.

Shares jumped 10% in pre-market trading as the stablecoin issuer revealed institutional adoption for its layer 1 blockchain Arc.

Executives at Coinbase, Visa and Mastercard said they plan to support multiple stablecoins, suggesting Open USD is another payments rail rather than a direct replacement for USDC.

The firm also offloaded a small amount of Solmate stock as it continues to rebalance its fund weightings amid market volatility.

The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer's earnings.

Your look at what's coming in the week starting Aug. 3

The approval comes weeks after Circle won federal approval to establish a national trust bank, adding another license as the USDC issuer expands.

The approval lets the USDC issuer offer fiduciary and custody services under New York banking law.

The New York trust charter allows Circle’s subsidiary to provide fiduciary and custody services under state banking law.

Circle won a limited-purpose trust charter from NYDFS for Circle Internet Trust Company after securing final OCC national trust approval.

Ark Invest sold shares of Bitmine, Robinhood, Bullish, and Block during Wednesday's pullback in crypto equities, while continuing to add to Coinbase and Circle.

Bernstein cuts Circle price target to $140 from $190, keeps Outperform, and says the Open USD threat fades as USDC supply holds near ATH.

The USDC issuer acquired nearly 1,000 patents from IBM in a single deal, but IBM is still backing USDC's most dangerous rival.

Circle acquired IBM's blockchain patent portfolio of 680+ patent families and nearly 1,000 issued patents.

IBM’s blockchain portfolio includes more than 680 patent families and nearly 1,000 issued patents worldwide, with a particular focus in supply chain applications.

The portfolio covers blockchain technology, banking, insurance, and cloud security, though the financial terms of the deal were not disclosed.

Samsung showed a wallet mockup holding Circle's USDC at Galaxy Unpacked. But details are scarce.

Circle plans to explore blockchain-based payment infrastructure in South Korea through partnerships with Kakao and Toss.

Kakao Group and Circle signed an MOU to explore won stablecoin payments, remittances, merchant settlement and tokenized financial services.

On Wednesday, the Clarity Act took one step closer to becoming law as Republicans released the latest text for the legislation.

Franklin Templeton’s Sandy Kaul and Circle CEO Jeremy Allaire argue that as autonomous AI agents start spending money on their own, blockchain networks will power the next big AI trade.

Ripple recently joined x402 Foundation, serving as a premier member alongside Coinbase, Circle, and Visa.

USDT and USDC are stablecoins pegged one-to-one to the U.S. dollar, each backed by reserves covering every token in circulation. Tether’s USDT is the largest stablecoin, with the deepest liquidity across global exchanges. Circle’s USDC is the second-largest, with Circle staking its reputation on being a publicly traded company, with frequent audits, U.S. and E.U. […]

Visa launched a stablecoin platform that lets banks and fintechs issue, manage and settle digital dollars through its payments network.

Open Standard's stablecoin is expected to become a major competitor to Circle's USDC, the dominant stablecoin in the U.S.