Circle reported higher first-quarter revenue and reserve income as $USDC activity surged across its network. Total revenue and reserve income reached $694 million, up 20% year over year, while $USDC onchain transaction volume rose 263% to $21.5 trillion. Key Takeaways: Circle revenue rose 20% as $USDC transaction volume jumped 263% year over year. Reserve income
Crypto traders paid annualized fees of 8,700% to service a leveraged, synthetic bet on the valuation of Anthropic. Even as the privately-held AI giant neared a $1 trillion valuation, some paid 1% per hour, imputing an expected Anthropic rally to $88 trillion within a year, just to cover the cost of their leveraged long. For
Tether’s second reserve asset is intelligence Tether’s QVAC project begins with an unusual phrase for a stablecoin company. The company describes “QVAC Psy” as a family of foundational models “rooted in the principles of Psychohistory.” The reference to psychohistory belongs to Isaac Asimov’s Foundation universe, where Hari Seldon uses mathematics, statistics, and social dynamics to
Payments firm Corpay (CPAY) add stablecoin wallets and settlement capabilities for its global corporate customers alongside BVNK to give companies another way to move money across borders outside traditional banking hours. Teaming up with BVNK will allow Corpay clients to see stablecoin balances alongside fiat balances inside its platform, while allowing them to send, receive,
Ripple’s prime-brokerage unit announced Monday it closed a $200 million funding agreement with global investment firm Neuberger Berman to expand the margin it offers investors to trade in traditional and digital asset markets. In its announcement, Ripple also said the funding will help support the ongoing growth of its multi-asset prime brokerage platform, Ripple Prime,
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2210.64, up 1.8% (+39.25) since 4 p.m. ET on Friday. Seventeen of 20 assets are trading higher. Leaders: SUI (+25%) and CRO (+9.7%). Laggards: NEAR (-1.5%) and DOT (-1.2%).
Disclosure: The author of this story owns shares in Strategy (MSTR). Michael Saylor, the executive chairman of Strategy (MSTR), the largest publicly traded corporate holder of bitcoin , announced Monday on X the purchase of 535 bitcoin for roughly $43 million at an average price of about $80,340 per coin The purchases bring the company’s
Ronin, the gaming-centric blockchain once synonymous with the industry’s infamous $625 million exploit, is officially shedding its sidechain skin on May 12 to become an Ethereum layer 2 to improve security while maintaining throughput. Ronin, which announced the migration in April, will execute a hard fork at block 55,577,490, a process that will result in
Two Trump-branded ventures aimed at retail buyers are both in difficult positions months after their debuts, though for different reasons. Roughly 600,000 buyers have paid $100 deposits for the gold-colored Trump Mobile T1 phone since its initial announcement, putting around $60 million into a venture that has not delivered a single confirmed device as of
Disclosure: The author of this story owns shares in Strategy (MSTR). When executive chairman Michael Saylor confirmed on Strategy’s (MSTR) Q1 2026 earnings call on May 6 that the company was prepared to sell bitcoin, it appeared to mark a shift for the world’s largest publicly traded corporate holder of the cryptocurrency. But the move