The company behind USDC stablecoin, Circle has launched Arc, an open Layer-1 blockchain designed to provide enterprise-grade infrastructure for stablecoin payments, foreign exchange, and capital markets applications. The network is EVM-compatible and uses USDC as its native gas token. Arc is expected to launch its public testnet later this fall.
Vitalik Buterin, founder of Ethereum has disclosed a net worth of more than a billion dollars, $1.02B to be exact.
Tether has announced that it has acquired a minority stake in Spanish cryptocurrency platform Bit2Me and is leading its €30 million funding round, expected to close in the coming weeks. Bit2Me recently became the first Spanish-speaking exchange authorized as a CASP under the EU’s MiCA (Markets in Crypto-Assets) framework. This framework come into power on the April 20th 2023.
Coinbase launched BASE blockchain last year. Today, it stopped working all of a sudden. This is a common phenomenon among centralized blockchains whose software are churned out after not-so-extensive testing.
July 22nd marks the day for 3rd highest ever total net inflow for Spot Ethereum ETFs. Just look at the spike.
In a recent statement, the CEO of Bank of America said their bank is exploring releasing a stable coin. However, there is no set timeline, citing low client demand and ongoing assessments of scale and potential partnerships. Morgan Stanley is closely monitoring developments, while Citigroup and JPMorgan have also indicated interest in stablecoin initiatives.
Tether, the company behind USDT stable coin on various blockchains has announce dit will be ending support on Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand blockchains starting September 1, 2025, as part of a strategic infrastructure review. It is very important that you move your funds to more popular blockchains where USDT is actively being used and supported.
Cryptocurrency exchange Bitget has announced that it will be sponsoring MotoGP world championship. This is the first collaboration between MotoGP and a crypto company. MotoGP is also known as the F1 of motorcycle events.
Walmart and Amazon are both considering their own USD-pegged stable coins to cut down on the payment costs and accelerate settlements as well. The plans hinge on the Genius Act’s regulatory clarity. Both firms may also join a merchant-led stablecoin consortium or adopt third-party solutions.
Avalon Labs has announced burn of whopping 80 million AVL tokens that amount to 44-percent of total circulating supply. These tokens are part of the unclaimed airdrop that was launched last year.
