Circle
Drift gets $148 million funding from Tether and partners as it replaces Circle stablecoin with USDT after massive exploit
The money will be used by Drift to recover user funds after more than $270 million in clients assets were exploited this month, and will relaunch the protocol as a USDT-based perpetuals DEX on Solana.
Circle CEO says China could launch yuan stablecoin within 3 to 5 years as currency race heats up
The pitch is global scale for the yuan, but capital controls, offshore limits and convertibility gaps still stand in the way
Circle CEO says he won’t freeze USDC without a court order even as hackers walk away with millions
Circle defends its hands-off approach to freezing funds as critics point to hundreds of millions in losses tied to delayed action.
The crypto honeymoon is over for now as analysts warn of a major first-quarter profit squeeze
Several major investment firms have preemptively downgraded Coinbase and other platforms as a sharp drop in trading activity and falling token prices threaten to derail upcoming first-quarter earnings results.
Bitcoin tops $72,000, but Circle and Bullish drop sharply after downgrades
Eased Middle East tensions pushed crypto prices and U.S. stocks sizable hjigher.
Morgan Stanley launches cheapest Bitcoin ETF
Morgan Stanley's spot Bitcoin ETF begins trading today under the ticker MSBT, making it the first proprietary Bitcoin fund from a major U.S. bank. With 16,000 financial advisors and $6.2 trillion in client assets behind it, the launch could open a new phase for institutional Bitcoin adoption. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Circle future-proofs Arc blockchain against quantum computing threats
Circle’s Arc blockchain said users will be able to create wallets that withstand future quantum computer attacks from day one.
Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC
Prominent blockchain sleuth ZachXBT alleged faster action by Circle could have limited crypto losses, but freezing asset without legal authorization carries legal risks.
Crypto's CLARITY Act could be a headwind for DeFi tokens ring-fencing yield, analyst says
The proposed restriction on yield would shift value toward regulated players and away from decentralized finance' tokens, 10x Research's Markus Thielen said.
Stablecoin rewards restrictions can slow but not stop Circle's USDC, says Citigroup
USDC adoption hinges on volume, not circulation, the bank said
