In brief Circle plans to expand into roughly 40 emerging and developing countries, CEO Jeremy Allaire told Reuters, saying blockchain is entering its “mainstream scaling phase.” $USDC holds about 25% of the stablecoin market versus roughly 60% for Tether’s $USDT, and its circulation rose 19% year over year to $73.3 billion in the second quarter.
Bitcoin’s price has dropped this week as new inflation data has come in hot. But while the largest cryptocurrency’s near-term setup is difficult, it’s not “fundamentally bearish,” according to European asset manager CoinShares’ Head of Research, James Butterfill. In a report Friday, the analyst said that bitcoin’s near-term challenge stems from a macro environment that’s
WisdomTree has launched its Prime platform utilizing the Stellar network, which is recognized for its robust compliance controls. This announcement, shared by @StellarOrg, highlights Stellar’s capabilities as an institutional-ready network. The integration could significantly enhance institutional access to digital assets, fostering a stronger shift toward blockchain technology and compliance in financial markets. Breaking It Down
Chainlink has achieved a significant milestone by enabling over $30 trillion in total transaction value, a testament to its robust infrastructure and integration capabilities. This achievement marks a pivotal moment in the crypto market, highlighting Chainlink’s growing influence and adoption. As institutions increasingly recognize the value of blockchain technology, Chainlink’s role in facilitating secure transactions
Bitcoin risks wiping out the results of many years of growth entirely and returning to fundamental support at the $10,000 level. The largest digital asset, which has served as the main indicator of risk appetite since 2009, is showing signs of a global trend reversal. The key trigger for this scenario would be a large-scale
a16z Crypto’s General Partner Guy Wuollet recently stated that stablecoins represent the most significant near-term opportunity for blockchain in finance. He highlighted their role in enhancing payment efficiency, especially in high-inflation environments, during an interview on the a16z Crypto channel. This perspective underscores a growing recognition of stablecoins as vital components in the evolution of
Tokenized versions of Strategy’s common and preferred stock are approaching a significant milestone of $500 million in on-chain market capitalization. This surge reflects growing interest in tokenized assets and on-chain distribution strategies, as highlighted by a recent tweet from the crypto commentator @tokenterminal. As financial institutions continue to explore blockchain innovations, the implications for traditional
Korea’s blockchain landscape is rapidly evolving as major entities are choosing Optimism as their preferred onchain solution. According to a tweet from the commentator @Optimism, significant developments include the successful launch of GIWA by Upbit, which has recorded over 100 million testnet transactions. This trend underscores the growing reliance on Optimism for innovative blockchain applications.
Solana’s network is gaining attention as SPYx illustrates the composability potential for tokenized ETFs. Highlighted by the CryptoTwitter commentator @tokenterminal, this development underscores Solana’s growing relevance in the decentralized finance space. As the market evolves, Solana’s ability to support innovative financial products positions it as a competitive player in the crypto ecosystem. The Story So
This week, the Arbitrum Foundation, represented by Brendan Ma, made a noteworthy presentation to clients of WisdomTree, which manages over €800 billion in assets. This event marks a significant step in showcasing Arbitrum’s capabilities, particularly within the burgeoning programmable economy. The growing institutional interest could pave the way for increased adoption of blockchain technologies in