Circle discloses full breakdown of $55.7B USDC reserves
As of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions. Circle Internet Financial has released a…
CleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’
“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford. Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin miners amid the…
3 reasons why Polygon (MATIC) is up 100%+ during a bear market
Steady adoption and internal growth back MATIC’s 118% gain, even as most altcoins struggle to hold on to their short-term gains. Unlike bull markets where traders can basically throw a…
CFTC labels 34 crypto and forex firms as unregistered foreign entities
"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson. The United States Commodity Futures Trading…
UK’s government-backed Millicent Labs demos a retail full-reserve digital currency
The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology. A sandbox test of a retail full-reserve digital currency…
UK financial watchdog exec hints at importance of international collaboration on crypto regulation
“In the past, innovative firms would have been pleading for less regulation — now they understand and appreciate that rules are there to help provide certainty," said Nikhil Rathi. The…
Bitcoin derivatives data suggests bears will pin BTC below $21K leading in Friday’s options expiry
Bitcoin’s failure to break above $22,000 on July 8 opened room for bears to score a $100 million profit in this week’s options expiry. Most Bitcoin (BTC) traders would rather…
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