Corporate treasurers have spent decades playing a waiting game with settlement windows. Kyriba, one of the largest treasury management system providers in the world, just decided that game is over.
At KyribaLive in Las Vegas, the company announced a collaboration with Circle to integrate USDC directly into its enterprise treasury platform. The integration gives corporate finance teams access to near real-time settlement for eligible cross-border and intercompany payments, 24/7 liquidity outside traditional banking hours, and real-time visibility of USDC balances alongside their conventional cash positions.
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What the integration actually does Kyriba’s platform serves over 4,000 customers globally, including a significant number of Fortune 100 companies. Those customers collectively facilitate roughly $51 trillion in annual payments.
The integration isn’t just a “pay with crypto” button bolted onto an existing dashboard. Kyriba is threading USDC functionality through its Trusted Agentic AI system, which the company calls TAI. In practice, that means AI-driven monitoring handles the operational layer: watching balances, executing policy-based transactions, and maintaining the approval workflows and audit trails that enterprise compliance teams demand.
Why stablecoin circulation numbers matter here This partnership lands at a moment when USDC’s growth trajectory is hard to ignore. By the end of 2025, USDC circulation had reached $75.3 billion, representing a 72% year-over-year increase. Even more striking is the quarterly on-chain transaction volume, which hit $11.9 trillion, up 247% compared to the prior year.
The broader context for enterprise crypto adoption Kyriba’s announcement didn’t happen in isolation. The company also highlighted collaborations with the Association for Financial Professionals (AFP) and J.P. Morgan Asset Management, signaling that the institutional appetite for digital asset integration extends well beyond crypto-native firms.
The agentic AI layer adds another dimension. Automated, policy-driven execution means that USDC transactions can be triggered by predefined conditions, like a subsidiary’s cash balance falling below a threshold, without requiring manual intervention.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Stablecoin Payments Enter the Convenience StoreThree Japanese corporate heavyweights are bringing stablecoin payments to the checkout counter. JCB (@JCB_CARD), Digital Garage (@DigitalGarage) and Lawson (@lawsonbank_jp) have signed a basic agreement to conduct a proof of concept (PoC) for in-store payments using USDC, the US dollar-pegged stablecoin. The test is scheduled for Thursday, August 20, at the Gate City Osaki Atrium branch of Lawson in Tokyo.
The mechanics are straightforward. Participants use the Consumer-Presented Mode (CPM) method, in which a barcode containing stablecoin wallet address information displayed on a user's smartphone is scanned by Lawson's in-store POS terminal. The trial runs on base:0x833589fcd6edb6e08f4c7c32d4f71b54bda02913 on @base, using Coinbase's Base app as the supported wallet.
JCB provides the payment web screen and barcode generation and settles merchant proceeds in fiat currency. Digital Garage supplies the payment API and backend system. Lawson contributes the store environment and connects its point-of-sale system using code-payment processing technology from Canal Payment Services.
Participation is restricted to personnel from the three companies. The initiative is primarily targeting inbound visitors to Japan , making it relevant to the country's growing tourism economy. The PoC aims to assess the practicality and convenience of stablecoin payments, potentially reducing currency exchange burdens and enhancing cash flow for merchants.
Part of a Broader Push in JapanThursday's test does not come out of nowhere. This initiative follows a January 2026 collaboration between JCB, Digital Garage and Resona Holdings aimed at the social implementation of stablecoin payments in Japan. That earlier pilot ran at a Tokyo venue in late February 2026 and helped lay the groundwork for today's retail-focused experiment.
Japan created the legal foundation for such projects in 2023 by updating its Payment Services Act, allowing banks, trust companies and licensed money transfer firms to issue fiat-backed stablecoins. The companies said the experiment will evaluate payment-flow feasibility, POS integration requirements, impact on checkout operations, time to completion and usability of the customer-facing web system.
Japan's convenience store sector, which serves tens of millions of customers daily, represents a significant proving ground for digital payment innovation. A successful PoC could pave the way for broader stablecoin adoption at physical retail locations across the country.
Sources:
JCN Newswire: JCB, in Collaboration with Digital Garage, to Conduct a PoC for Stablecoin-Based Payments at a Lawson Store
Japan Industry News: JCB and Partners Test Stablecoin Payments in Japan's Lawson Stores
Digital Garage Official Release: Stablecoin Payments Pilot Program
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Coinbase has announced that users in Brazil can now buy and sell USDC directly against the Brazilian real on Coinbase Advanced. In its Aug. 19 announcement, the company said the change removes a step in the trading flow and reduces BRL USDC onramping costs by 85%.
The rollout concerns direct BRL-to-USDC access on Coinbase Advanced. Coinbase presented the launch as part of its expansion in Brazil, which it described as a significant crypto market.
What is changing Rather than requiring an intermediate trade or conversion route, eligible users can trade USDC directly in BRL on the Advanced platform. The company said the design is intended to lower friction and costs for users seeking dollar-denominated stablecoin liquidity.
Coinbase’s 85% figure is its own claim about the reduction in USDC onramping costs via BRL on Coinbase Advanced. The release does not provide a universal fee schedule in the announcement, so actual costs can depend on the applicable account, product and transaction conditions.
Stablecoin context The company linked the product change to its broader view of stablecoins as payment and settlement infrastructure. Those wider market statements are Coinbase’s characterization, not independently verified transaction results from this launch.
The announcement is a product-access update, not a change to the USDC protocol or a new stablecoin issuance. Users should consult Coinbase’s in-product disclosures and regional terms for availability and applicable charges. The company did not announce a change to USDC redemption mechanics in the post.
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Bitcoin surges past $72,000, notching an 11.8% 24-hour gain.
According to HTX market data, Bitcoin has broken through the $72,000 mark, with a 11.8% increase in the past 24 hours.
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In just the past 30 minutes, two wallets were liquidated for a total of $45.77M. 0x50b3 had 281 $BTC ($20.12M) liquid...
In just the past 30 minutes, two wallets were liquidated for a total of $45.77M. 0x50b3 had 281 $BTC ($20.12M) liquidated. 0x66f8 had 240 $BTC ($17.15M) and 3,738 $ETH ($8.5M) liquidated.
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US media: The US side believes Iran-UAE talks broke down weeks ago.
According to U.S. financial media outlet Semafor, U.S. President Donald Trump’s latest move to avoid escalating military actions against Iran comes as Washington views talks between Iran and Oman—previously seen as a rare, productive negotiation channel—as deadlocked. A U.S. official and a White House official stated that the U.S. government believes the Iran-Oman talks collapsed several weeks ago. The talks had raised the possibility of a toll agreement for the Strait of Hormuz, a development that frustrated Trump. The Omani Embassy did not respond to the U.S.’s assessment of its negotiations. However, Trump still describes the situation with Iran as “very good” and remains optimistic that economic pressure can force Tehran to return to the negotiating table, even though he has halted future talks for the foreseeable future. Last night, Trump posted on social media threatening to launch an “economic war” against Iran, saying the U.S. will impose sanctions on any country that does business with Tehran. (Jin10)
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Whales are buying $ETH! Whale 0x2d59 withdrew another 30,000 $ETH ($67.42M) from #Binance 20 mins ago. Over the past ...
Whales are buying $ETH! Whale 0x2d59 withdrew another 30,000 $ETH ($67.42M) from #Binance 20 mins ago. Over the past 3 weeks, the whale has withdrawn 120,000 $ETH($237.7M) from #Binance. Abraxas Capital withdrew 18,000 $ETH($39.56M) from #Binance today. Newly created wallet 0x2261 also withdrew 6,704 $ETH($14M) from #Binance today.
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Whale codenamed "Set 10 Big Goals First" has again sharply cut its BTC and ETH short positions via stop-loss, with remaining positions still facing an unrealized loss of over $2 million.
Whale codenamed "First Set 10 Big Goals" has once again cut losses by significantly reducing its short positions in Bitcoin (BTC) and Ethereum (ETH). The cumulative reduction amounts to 1,169.625 BTC and 24,684.515 ETH. The whale currently holds 1,066.759 BTC and 4,632.162 ETH, with the remaining positions still carrying unrealized losses exceeding $1.9 million.
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ETH rebound saves a crypto whale from $88.5 million in unrealized losses, with $270 million in long positions fully recovered.
According to monitoring from TradingBeats, the "BIT-linked whale" that once faced an unrealized loss of roughly $88.5 million has finally seen ETH prices rebound to near its cost basis, without selling a single one of its 120,000 ETH. As of press time, the whale’s four addresses collectively hold approximately 120,000 ETH, with a position value of around $271 million and an average entry price of $2,261.23. With ETH’s rally, the position was fully unlocked this morning, and amid a minor pullback, it now carries an unrealized loss of roughly $108,000. The entity has held its position since completing entry, repeatedly topped up its margin, and weathered the nearly $88.5 million paper loss to wait for a price rebound. Its latest liquidation price has fallen to around $1,195.95. Including the roughly $4.9 million in cumulative funding fees paid since opening the position, the whale has not yet fully recouped its costs; however, on a price basis, the unrealized loss has almost been completely erased.
Circle has expanded Circle Mint to support direct local-currency USDC on- and off-ramps across eight currencies. The company said in an Aug. 18 post that foreign exchange is handled inside Mint, removing the need for a separate conversion step or pre-funding additional accounts.
Alongside USD and EUR, Circle listed the Brazilian real, British pound, Hong Kong dollar, Mexican peso, offshore Chinese yuan and Singapore dollar among the local currencies supported for eligible Mint account holders.
How the proposed flow works Circle says customers can activate cross-currency exchange, link a bank account for the local-currency side and register that account for the currency they intend to trade. The company describes each transaction as a quote, trade and settlement process, with USDC arriving in the Mint balance after conversion.
Circle says settlement uses local payment rails nearly around the clock where supported. Availability remains subject to jurisdiction and account eligibility, and the company notes that some account-registration steps are handled offline.
Not a retail bank account The update is directed at businesses and eligible Mint customers, including payment providers, financial institutions and fintechs. Circle states that Circle Mint is not a bank account and that funds are not protected by FDIC, SIPC or comparable government insurance.
The announcement is a Circle product update. It does not mean all currencies, regions or users have identical access, so institutions need to check Mint eligibility and local requirements before relying on the new routes.
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Circle Internet Group Inc. (NYSE:CRCL) shares are trending on Thursday.
Shares of the New York-based fintech company jumped 2.37% to $80.45 after the bell Wednesday.
In the regular session, CRCL climbed 9.56% to $78.59, according to Benzinga Pro data.
The stock move came as a broad rally swept crypto-linked names, fueled by falling Treasury yields and optimism ahead of a White House meeting between President Donald Trump and crypto industry executives.
Treasury Buyback Pulls Yields LowerThe Treasury Department is boosting its bond-buyback program, raising the floor on long-dated purchases to $4 billion starting in September.
That shift pulled the 30-year yield down to about 5.2% and the 10-year to 4.65%.
Bitcoin (CRYPTO: BTC) surged nearly 8% to touch $70,000 on Wednesday, its highest level since early June, as part of the same rally that lifted crypto-linked stocks, including Circle.
Trump-Crypto Meeting Lifts SentimentTrump’s planned White House meeting, following the Securities and Exchange Commission‘s abrupt cancellation of a related session, raised hopes for legislative clarity via the CLARITY Act.
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At the summit, Trump has urged Congress to pass the CLARITY Act, calling it structured legislation that would keep the U.S. ahead of China.
Circle issues USDC (CRYPTO: USDC), one of the largest U.S. dollar-pegged stablecoins, so the company’s performance is closely tied to overall crypto market activity and regulatory sentiment. With its business built on crypto infrastructure, Circle stock is directly benefiting from the renewed industry-wide momentum.
Trading Metrics, Technical AnalysisCircle Internet Group has a market capitalization of $19.95 billion. Its stock has traded between a 52-week high of $159.47 and a 52-week low of $49.90.
CRCL’s Relative Strength Index (RSI) stands at 61.76.
Over the past 12 months, the share price has declined by 42.97%.
The mid-cap stock is currently trading in the lower portion of its 52-week range, at 26.2% of the way between its 52-week low and high.
Benzinga’s Edge Stock Rankings indicate that CRCL is experiencing short-term upward movement along with medium and long-term consolidation.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance is excited to launch a new referral campaign that puts the power of choice in your hands! Invite your friends to join Binance and earn Points. You can then redeem these Points for your preferred rewards from a tiered selection, including crypto rewards – BNB, SOL and USDC and selected bStocks tokens – SPCXB, NVDAB. A total of $100,000 worth of token vouchers is up for grabs! Promotion Period: 2026-08-20 08:00 (UTC) to 2026-09-10 23:59 (UTC) Redemption Period: 2026-08-20 08:00 (UTC) to 2026-09-13 23:59 (UTC) Note: All unused Points will expire after the redemption period ends on 2026-09-13 23:59 (UTC) Join Now! Promotion A: Invite Friends to Earn Points & Redeem Your Choice of Rewards Invite friends and earn 1 Point for every successful referral who completes the following required tasks. Accumulate points to unlock higher reward tiers. How to Participate: Step 1: Visit the activity page during the Promotion Period to get your unique Campaign Referral Link/ID.Step 2: Share your Campaign Referral Link/ID with friends who have not yet registered with Binance.Step 3: Earn 1 Point after your referred friend becomes a Qualified Referral*. Please note: New referrals invited via the Campaign Referral Link/ID will only count toward the inviter’s campaign rewards for this campaign and will not generate any commission for the inviter from their subsequent trading activity. *A Qualified Referral who registers via your Campaign Referral Link/ID is a new user who:Logs into the Binance App at least once;Completes a total top-up of at least $20 equivalent via Fiat Deposit, Buy Crypto, or P2P Trading; andCompletes a total trading volume of at least $100 equivalent on Binance Spot or Convert. Reward Tier Structure: TierPrize Pool (in Token Vouchers)Points RequiredMaximum Redemption Times per Eligible InviterTier 1 8 USDC, 0.11 SOL, 0.06 SPCXB13 timesTier 20.04 BNB, 0.33 SOL, 0.11 NVDAB31 timeTier 30.75 SOL, 0.4 SPCXB, 0.25 NVDAB51 time How Reward Redemption Works: Refer & Earn – Earn 1 Referral Point for each qualified new user who completes the required referral conditions.Choose Your Reward – Redeem your points for rewards from any eligible tier once you have enough points.Points Are Deducted Upon Redemption – Points used for a reward are immediately deducted from your available balance and cannot be reused for another reward.Redeem Within the Limits – Each tier can only be redeemed up to its specified maximum redemption times per eligible inviter.Use Them Before They Expire – Points are valid only during the campaign and expire after the campaign ends on 2026-09-13. Example With 3 Points, you can: Redeem Tier 1 for 1 point and keep your remaining 2 points; orSave all 3 points and redeem Tier 2. Once points are used to redeem a reward, they cannot be reused or applied toward another tier. Promotion B: Welcome Reward for New Qualified Referrals The first 5,000 new referrals who register through a Campaign Referral Link/ID and complete all the aforementioned tasks to become a Qualified Referral will receive a welcome bonus. Each eligible new user will get a token voucher worth between 3 to 10 USDC. Terms & Conditions: Only users in certain regions are eligible to join this Promotion. Users may refer to the activity page for their eligibility to participate. Users in restricted regions are disqualified from participating in the Binance Referral Program as referrers or referred users.These terms and conditions (“Activity Terms”) govern users’ participation in the Referral Campaign (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions.In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Binance will use the price of the USDC trading pair at the time of trading to calculate the value of the trades completed during the Promotion Period. If there is no USDC pair for a specific cryptocurrency, it will be converted to another token or coin with a USDC pair to determine its value.Trading volume from Spot zero-fee trading pairs and the excluded token conversion via Convert during the Promotion Period will not be counted toward the new referral’s trade tasks.Excluded Convert trade: FDUSD/USDT，USDC/USDT，TUSD/USDT，U/USDT, BUSD/USDT, USDP/USDT, DAI/USDT, GUSD/USDT, EURS/USDT, USDN/USDT, RSV/USDT, U/USDC, USDC/BUSD, BUSD/USDP, USDC/TUSD, DAI/USDC, FDUSD/TUSD, DAI/TUSD, FDUSD/USDC, DAI/FDUSD, AEUR/EUR, BUSD/FDUSD, EUR/EURI.Each new user can only be referred to Binance via one referral mode. If a new user registers for a Binance account via Campaign Referral ID/Link, the referrer will not be eligible for any rewards from other referral modes, such as Referral Pro and Referral Lite.Sub-accounts cannot be used to participate in this Promotion as either a referrer or a referral. Trades that are completed with a sub-account will not count toward the trading volume requirement.Any references to “$” means “United States Dollar”, unless otherwise stated.Reward Distribution:Eligible users must complete account verification (KYC) during the Promotion Period to receive the corresponding rewards.After redeeming the rewards using Points, users will be able to get their token voucher before 2026-09-25 via Profile > Rewards Hub within 48 hours, subject to risk assessment.The validity period to claim the token voucher is set at 14 days from the day of distribution. Users should redeem the token vouchers before the expiry date. Thereafter, the token vouchers will become invalid. Learn how to redeem a voucher.Users may be subject to Binance’s risk assessment procedure in relation to each reward or each product’s usage, and the user must pass the risk assessment in order to be eligible to earn rewards or use such a product. Referrers (Inviters) agree that they will only discuss Binance and its products in a fair and responsible manner, guaranteeing that they will not place undue pressure on their referrals to trade or act in a certain way. Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Promotion, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.At Binance's sole discretion, user participation will be considered without effect and users will automatically be excluded, disqualified and prevented from accumulating benefits, in cases where it is identified:Any violations of Binance's Terms of Use and other legal terms, as well as attempted or proven fraud, human and/or through the use of technology;Manipulation of results or failure to fulfill the requirements and provisions set forth in these Terms and Conditions;Completion, by the user, of incorrect, outdated, mistaken information or filled with untrue information, and may also be liable for the crime of ideological or documental falsehood;Registrations and participations for which any technological means have been used or there are indications of their use, whether electronic, computerized, digital, robotic, repetitive, automatic, mechanical and/or analogous, with the intention of automatic and/or repetitive reproduction of registrations, identical or not, which will also result in the nullity of all registrations and participations made by the user who has used one of the aforementioned means or for one of the aforementioned purposes, even if not all registrations or participations have resulted from the use of such means and/or were carried out with such purpose.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these activities, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-08-20 USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value. Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on: TelegramWhatsAppXFacebookInstagramDiscord Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning. Disclaimer: Digital asset prices can be volatile. These fluctuations may affect the value of digital assets you buy or sell on the Binance P2P platform, which may be lower or higher at the time of and after completion of the transaction. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. By using the Binance P2P platform you trade digital assets directly with other users. Binance facilitates transactions by releasing the digital assets once the offline fiat currency exchange is confirmed by both parties. The trading amount, price and conditions of each advertisement are set by the user publishing it. All payments are final upon completion, unless otherwise required by law. Binance has neither the right nor the obligation to resolve any disputes arising from a completed payment. Binance is not liable for any loss you incur in connection with a completed payment. Not financial advice. For more information, see our Terms of Use and Risk Warning. BStocks Tokenized Securities are Certificates representing Financial Instruments (paragraph 92, Schedule 1 to FSMR), traded on Nest Exchange Limited. BStocks represent an interest in underlying securities held by the Issuer and do not confer direct ownership of the underlying shares or stock. Ensure trading is lawful in your jurisdiction before proceeding. Tokenized Securities are high-risk products subject to market, liquidity, and price volatility risk — you could lose your entire investment. They do not represent ownership of, or any affiliation with, the underlying asset's issuer. Redemption, fees, and pricing adjustments are subject to the relevant Prospectus. This is not financial advice; seek independent advice before trading. See Responsible Trading page, Terms of Use, Exchange Rules, Exchange Procedures, relevant Prospectus, Admission to Trading Notice and Risk Warning.
Key Highlights CRCL shares surged 9.56% during regular hours and added another 2.37% in after-hours trading, reaching $80.45 USDC transaction count surged 209% year-over-year in the first half of 2026, contrasting with declining Tether USDT activity Bitcoin rallied nearly 8% to reach the $70,000 threshold, boosting momentum across crypto-related equities White House crypto summit with President Trump focused on advancing the CLARITY Act legislation Analysts maintain a Moderate Buy consensus on CRCL with a $98.61 average price target Shares of Circle Internet Group (CRCL) posted impressive gains on August 19, advancing 9.56% to close at $78.59 in regular market hours. The momentum continued into extended trading, with shares adding another 2.37% to reach $80.45.
Circle Internet Group, CRCL
The rally stemmed from a combination of factors: compelling new data demonstrating USDC’s competitive gains against Tether, coupled with a broader upswing in cryptocurrency-related stocks.
According to recent figures, USDC transactions exploded 209% on a year-over-year basis during the first six months of 2026, with overall transaction volume climbing 101% during the comparable timeframe. In contrast, Tether’s USDT experienced declining transaction metrics, despite maintaining its position as the dominant stablecoin.
These statistics originate from NOWPayments, a cryptocurrency payment processor. The company observed that while USDT continues to provide the scale and liquidity that most enterprises depend on, USDC is emerging as a compelling alternative option.
NOWPayments further highlighted that corporations are progressively deploying both stablecoins for routine business functions, encompassing employee compensation and treasury management. The payment processor characterized stablecoins as evolving into essential business infrastructure rather than merely serving as a payment mechanism.
Broader Crypto Market Momentum Benefits Circle Circle’s stock performance wasn’t an isolated incident. Bitcoin posted robust gains of nearly 8% on Wednesday, climbing to $70,000—a level not witnessed since early June. This cryptocurrency rally generated positive spillover effects across numerous blockchain-related stocks, with Circle participating in the upward movement.
Declining Treasury yields provided additional support. Following the Treasury Department’s expansion of its bond-buyback initiative, the 30-year yield retreated to approximately 5.2%, while the 10-year yield dropped to 4.65%.
Adding to the optimistic atmosphere, President Trump’s scheduled White House meeting with cryptocurrency industry leaders generated anticipation. This gathering occurred following the SEC’s unexpected cancellation of a related event, and sparked optimism regarding regulatory clarity through the potential passage of the CLARITY Act.
During the summit, Trump advocated for Congressional approval of the CLARITY Act, characterizing it as comprehensive legislation designed to maintain America’s competitive edge over China in the digital asset sector.
Analyst Perspective on CRCL Circle currently holds a Moderate Buy consensus rating based on assessments from 21 Wall Street analysts. This rating consists of 13 Buy recommendations, five Hold ratings, and three Sell opinions issued within the last three months.
Analysts have established an average price target of $98.61, suggesting approximately 25% potential upside from the stock’s current trading level.
From a technical perspective, CRCL’s Relative Strength Index (RSI) registers at 61.76. The company carries a market capitalization of $19.95 billion, with shares having fluctuated between a 52-week low of $49.90 and a peak of $159.47.
Looking at the trailing twelve-month period, the stock has declined 42.97%, and currently trades at approximately 26% of the distance between its annual low and high points.
Extended trading on August 19 concluded with CRCL priced at $80.45.
Hedera (HBAR) is showing signs of a bullish reversal, trading at $0.06959 following a 5.67% gain over the past 24 hours. Market data indicates a 24-hour trading volume of $51.28 million, with a total market capitalization reaching $3.05 billion. After a period of downward pressure, HBAR’s price structure has improved noticeably, drawing attention from large holders.
Analysts point to breakout as bullish signalAlpha Crypto Signal, a cryptocurrency analyst, stated that HBAR recently broke above the descending channel that previously limited its price growth. This technical development supports the potential for a trend reversal, suggesting selling momentum may be fading gradually.
HBAR is now working to reclaim a key horizontal support level, further solidifying the case for an upward move. According to the analyst, if HBAR maintains its position above this support, it could continue upward toward $0.07326. However, failing to hold this level would suggest the breakout may have lacked strength.
Technical indicators show buyers are regaining control, weakening the previous bearish trend. Sustaining price above the identified horizontal level could lead to additional buying and a possible end to the downtrend.
Hedera adoption grows through micro-earning platformBeyond price movements, Hedera’s utility is expanding through new partnerships and applications. The blockchain’s popularity is increasing among developers and users seeking real-world payment solutions. Rosen, a micro-earning platform, is one of the latest projects to leverage Hedera and the USD Coin (USDC) stablecoin to enable instant global earnings.
Go Rosen allows users around the world to perform small online tasks and receive instant payments in USDC on Hedera, overcoming banking restrictions, language barriers, and geographic limitations. According to data from Hedera, nearly 3 billion people face obstacles in accessing global income due to these barriers. Rosen’s model offers a streamlined alternative, facilitating payments at a fraction of a cent without relying on costly or slow banking systems.
Mini dictionary: Hedera is a decentralized public network designed to facilitate fast, secure, and fair transactions. USDC is a widely used dollar-pegged stablecoin, often used in global payments for its price stability and instant settlement.
By enabling microtasks to be compensated in Hedera-based USDC, the platform highlights blockchain’s ability to open earning opportunities to people otherwise restricted by traditional systems.
Potential for further gains relies on market momentumLooking ahead, the next phase for HBAR depends on whether buyers can maintain control at the newly reclaimed support levels. Increased whale accumulation and continued platform adoption could reinforce the bullish scenario. Conversely, losing key support would raise the risk of renewed selling activity.
The expansion of Hedera’s real-world use cases, especially in international money transfers and instant settlements, has positioned the network beyond simple cryptocurrency transactions. By enabling borderless, instant payments via USDC, Hedera is attracting interest from platforms aiming to streamline global income distribution.
MetricCurrent ValuePrice$0.0695924h Volume$51.28 millionMarket Cap$3.05 billionShort-term Target$0.07326While technical and adoption metrics suggest potential for growth, the outlook depends on sustained buying and further integration with global payment solutions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solana Mobile has announced the launch of a USDC Earn Vault within its Seed Vault Wallet, using the DeFi protocol Kamino. This initiative allows Seeker users to earn variable yield on USDC deposits with automatic compounding and no lockup period. The move integrates more closely Solana’s consumer wallet offerings with on-chain yield products, potentially enhancing user engagement with the Solana ecosystem. Kamino’s role as a DeFi protocol offering lending and liquidity products further supports this integration, showcasing Solana’s commitment to expanding its mobile wallet capabilities.
The market reaction to this development suggests potential increased interest in Solana-related products. Although the source is classified as Tier 3, indicating limited immediate impact, markets may still view this as a positive indicator for Solana’s network growth. Current predictions for Solana’s price reaching certain targets in August show mixed expectations, with some significant movements in probabilities observed in recent activity.
Key Takeaways Solana Mobile’s launch appears to integrate its consumer wallets more deeply with on-chain services, suggesting enhanced ecosystem utility. Market behavior indicates potential user growth in Solana’s ecosystem due to this added functionality with USDC Earn Vault. Despite the Tier 3 source, the development is seen as consistent with potential for increased demand for Solana. What to Watch Watch for subsequent Solana announcements or partnerships that could further influence its ecosystem development. Any changes in Solana’s network performance or additional product integrations may support scenarios where Solana gains increased utility. Additionally, attention should be given to broader market movements and regulatory developments that could affect the overall sentiment towards Solana and its offerings in the DeFi space.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.1% — — View market → September 1 2026 0.9% — — View market → September 1 2026 0.9% — — View market → September 1 2026 1.2% — — View market → September 1 2026 16.2% — — View market → September 1 2026 66.1% — — View market → September 1 2026 7% — — View market → September 1 2026 1.2% — — View market → September 1 2026 0.4% — — View market → September 1 2026 0.1% — — View market → September 1 2026 0.7% — — View market →
@travalacom has added Amazon Web Services AgentCore payments to its agentic travel booking tool, deepening the connection between AI-driven commerce and on-chain payments infrastructure.
How the Booking Flow Works According to @travalacom, travelers open its Travel MCP inside @claudeai, search for a hotel, and then approve a spending limit inside a @coinbase Agentic Wallet that AgentCore provisions automatically. The wallet is funded with $USDC, and the booking settles without gas fees.
@awscloud said wallet credentials stay isolated from AI runtime memory, with session guardrails enforcing spending limits throughout the process.
Built on Base With the x402 Protocol The Travel MCP launched in June on @base.
The AgentCore integration extends the platform's infrastructure story.
Sources:
Travala: Introducing the Agentic AI Travel Protocol
The Block: Travala unveils agentic AI travel protocol with gasless USDC payments on Base
Investing.com: Travala Launches World's First End-to-end Agentic AI Travel Protocol
A Singapore court has frozen about S$75 million ($58 million) in Bitcoin and USD Coin after a major crypto trading platform alleged that an internal ledger error caused it to mistakenly credit thousands of BTC and Bitcoin Cash to a long-standing customer.
Summary
Singapore’s SICC froze about S$75 million in Bitcoin and USDC linked to a dispute between a major crypto platform and a long-time customer. The platform said an internal ledger error led it to mistakenly transfer 2,500 BTC and 2,500 BCH to the customer’s wallets in July 2024. The customer later moved 780 BTC off the platform and converted another 20 BTC into about 816,773 USDC. The court also ordered the customer to disclose the location of the disputed assets and their proceeds. The platform recovered the remaining 1,700 BTC and 2,500 BCH after discovering the alleged error in January 2025. The Singapore International Commercial Court said the interim proprietary injunction prevents the customer from disposing of, dealing with or reducing the value of about 780 BTC and 816,773 USDC, along with assets, profits or interest derived from them. The order was granted on March 26 after a hearing before Singapore High Court Justice Aidan Xu and SICC International Judges Anthony Meagher and David Goddard.
The dispute involves an anonymised group of companies that operates what the court described as one of the world’s largest digital asset trading platforms and a customer who had used the platform since around 2013. Court documents identified the parties only as DVA, DVB and DVC while an application for confidentiality orders remains pending.
Along with freezing the crypto, the court ordered the defendant to disclose where the disputed assets and their proceeds were being held. The judges declined, however, to give the platform group advance permission to use that disclosure to seek similar injunctions in other jurisdictions, leaving it free to apply for permission later if required.
Singapore court dispute traces back to unsupported wallets At the centre of the case are two specialised wallets that once contained 2,500 BTC and 2,500 Bitcoin Cash. According to the judgment, the wallets were designed as a self-custody product that required security credentials, including a user key held solely by the customer.
Support for the wallet product ended in April 2018, although customers could continue accessing the wallets for a period through an unsupported open-source tool. In March 2020, the entire 2,500 BTC and 2,500 BCH balance was transferred away from the specialised wallets, leaving them effectively empty.
The platform group alleged that a technical problem prevented those withdrawals from being recorded correctly on its internal ledgers. Because the ledger continued to show the assets as remaining in the specialised wallets, the companies operated for several years on the assumption that the customer was still entitled to the balances.
A relationship manager later tried to help the customer recover what the platform believed were assets trapped in the discontinued wallet product. Acting on its ledger records, the platform transferred another 2,500 BTC and 2,500 BCH into other accounts belonging to the customer in July 2024.
The claimants say those digital assets came from their own holdings inside the platform group’s omnibus wallets and were transferred solely because of the mistaken balance shown on the internal system. The customer disputes that account and has maintained that the assets transferred to him were rightfully his.
Mistaken crypto transfers have previously resulted in lengthy recovery disputes. In 2022, crypto.news reported on a Crypto.com transfer error in which the exchange mistakenly sent an Australian customer about $10.5 million instead of a $100 refund and discovered the error months later during an audit.
Customer moved 780 BTC and converted another 20 BTC to USDC After receiving the July 2024 transfers, the defendant began moving part of the crypto away from the platform.
Court records show that on July 13, 2024, the customer converted 20 BTC into about 816,773 USDC and transferred the stablecoins to an unhosted wallet. Five withdrawals between July 17 and Nov. 10 moved another 380 BTC to a separate unhosted address.
A further 200 BTC was transferred on Nov. 24, followed by another 200 BTC on Jan. 7, 2025, bringing the amount sent to a third external wallet to 400 BTC. Some 150 BTC from that wallet was later transferred elsewhere in February 2026, according to evidence submitted by the claimants.
The companies also told the court that subsequent transactions involving the 380 BTC and 816,773 USDC made their current locations difficult to determine. The defendant did not dispute making the transactions but maintained that he had been dealing with crypto that belonged to him.
By the time the platform acted, 1,700 BTC and the full 2,500 BCH transferred in July 2024 remained in the customer’s accounts. The companies froze those wallets on Jan. 29, 2025, and re-credited the remaining assets to themselves in an attempt to reverse part of the earlier transfer.
The platform group subsequently sought the return of the 780 BTC and 816,773 USDC that had already left its system, but the customer refused. The companies valued the assets at roughly S$75 million at the time of the injunction hearing.
Platform alleges unjust enrichment and constructive trust Proceedings were initially filed in the General Division of Singapore’s High Court in November 2025 before being transferred by consent to the SICC.
The claimants’ 62-page statement of claim contains four causes of action, including unjust enrichment, a proprietary claim, deceit or negligent misrepresentation, and an alleged breach of the contractual provisions governing the platform’s services. They are also seeking a declaration that the defendant holds the disputed assets on constructive trust for one of the claimant companies and must return them.
According to the claimants, the July 2024 transfers resulted from their incorrect understanding of the old wallet balances, while the customer allegedly knew about the mistake and took advantage of it.
The defendant has rejected that version of events. He told the court that he did not remember making the March 2020 transfers, although he accepted that blockchain records show the transfers occurred, and argued that the platform’s own admission of faulty internal ledger records weakened its claim that the assets transferred in 2024 belonged to the companies.
He also argued that the transferred crypto could have represented his own assets held elsewhere on the platform or assets belonging to other customers. Having maintained extensive crypto holdings and activity, the defendant said he relied on the platform to keep track of what he held and believed that the July 2024 assets belonged to him.
The customer has counterclaimed for the assets that remain frozen on the platform or compensation of equivalent value, while denying that he knew the companies had made any mistake.
Singapore courts have dealt with several high-value crypto disputes involving exchange operators over the past year. Earlier in August, Binance and RedotPay gave conflicting accounts over the status of a separate Singapore proceeding tied to claims worth nearly $473 million.
Singapore’s courts have also played a role in handling distressed crypto businesses, including proceedings involving WazirX’s Singapore-based parent Zettai, whose restructuring proposal returned to court after receiving 95.7% creditor support in August 2025.
Judges find serious ownership question to be tried For the interim stage of the case, the three-judge panel found enough evidence to establish a serious question over whether the platform companies retained a proprietary interest in some or all of the disputed assets.
The court said it was arguable that the specialised wallet balances were effectively zero before the July 2024 credits and that the platform transferred 2,500 BTC and 2,500 BCH because its internal records incorrectly showed the earlier holdings as still present.
Judges also found an arguable case that the customer knew about the platform’s mistake either when the transfers were made or, at the latest, after the platform discovered the issue and contacted him in 2025. Under that scenario, the court said an argument could be made that identifiable assets and traceable proceeds were held on constructive trust for the claimants.
On whether an injunction was necessary, the court considered the risk that the companies could win at trial but still be unable to recover the crypto if the assets were moved or dissipated.
The judges noted evidence that the defendant had used part of the disputed assets as security for a loan to cover legal costs and had not provided updated evidence about his financial position or current asset holdings. The court found sufficient doubt over his ability to satisfy a substantial judgment if the companies eventually succeeded.
At the same time, the platform group gave the court an undertaking to compensate the customer for losses caused by the injunction if it later turns out that the order should not have been granted.
The disclosure order requires the defendant to identify the whereabouts of assets covered by the injunction, including relevant crypto controlled through third parties acting under his direct or indirect instructions. The SICC left both sides free to return to court, including if the claimants later seek permission to use the disclosed information in civil proceedings outside Singapore.
Centrifuge has added Symbiotic’s liquidity network across three tokenized funds that represent about $1.6 billion in assets under management, giving eligible holders another route to exchange their positions for USDC.
The integration covers Janus Henderson’s JAAA, an AAA-rated collateralized loan obligation strategy, JTRSY, a short-duration US Treasury strategy and New York Life Investment Management’s HYB, a US high-yield corporate bond strategy.
Symbiotic’s Liquid Lane uses an onchain request-for-quote (RFQ) marketplace where market makers can tap liquidity from vaults to fill redemption requests. Market makers can then redeem the acquired fund tokens through the issuer or sell them through another RFQ transaction.
The arrangement allows investors to receive USDC immediately while the funds’ normal redemption can take place separately.
Centrifuge is an asset tokenization and vault platform where asset managers issue and manage tokenized funds. Janus Henderson, a global asset manager with about $500 billion in assets under management, has been a significant contributor to the platform’s growth through its JAAA and JTRSY products.
By December 2025, Centrifuge had attracted about $1.3 billion in new inflows, driven primarily by the two Janus Henderson funds, according to Token Terminal. JAAA alone had contributed about $1 billion in total value locked and was one of the largest tokenized funds in the market.
Symbiotic joins existing liquidity routesLiquid Lane is not the first liquidity route available for Centrifuge’s tokenized funds, Felix Lutsch, Symbiotic’s head of ecosystem, told Cointelegraph.
“We’re not claiming to be first, and other liquidity routes exist. That’s healthy for the market,” Lutsch said.
Centrifuge announced a partnership with Wintermute in February 2025 to provide 24/7 instant redemptions for JTRSY. HYB launched in June with a separate liquidity arrangement for near-instant redemptions.
Lutsch said the distinction with Liquid Lane is the capital structure behind the transactions rather than their speed. Its marketplace allows multiple market makers and curators to participate without market makers having to pre-fund and carry inventory for individual assets, he said.
“The bigger constraint has been flow,” Lutsch said, adding that low trading volumes in tokenized assets have historically given market makers little incentive to commit capital.
He said aggregating redemption demand across issuers and asset classes could improve those economics as tokenized funds are increasingly used as collateral and financing assets in onchain markets.
Magazine: ‘Fabricated rumors’ about BitMart founder, Binance bStocks dominate: Asia Express
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The Singapore International Commercial Court (SICC) has approved an order to freeze approximately S$75 million, or $58 million, in Bitcoin and USD Coin (USDC) following a protracted legal dispute involving a major digital asset trading platform and a long-standing customer.
Complex transfer error leads to court actionThe case, listed as *DVA and another v DVC* [2026] SGHC(I) 4, centers on the unintended transfer of sizable crypto assets after the digital asset platform referenced an outdated ledger when processing transactions. This error resulted in a customer receiving coins to which they were not entitled.
International Judge David Goddard, together with High Court Justice Aidan Xu and International Judge Anthony Meagher, handed down the rulings in the case. The claimants, identified as DVA and DVB, are linked to one of the world’s largest cryptocurrency exchanges, while the defendant, DVC, is a customer with a notable background in blockchain development and exchange operation.
Observers have compared the incident to previous mishaps in the crypto space, such as the case of Bithumb, where customers managed to withdraw tokens that were incorrectly credited to their accounts after an employee mistake.
Mini dictionary: SICC, or the Singapore International Commercial Court, is a division of the Supreme Court of Singapore that specializes in complex cross-border commercial disputes.
Details of the mistaken transfersThe unnamed cryptocurrency platform discontinued its specialized self-custody wallet product in April 2018, yet users were not immediately restricted from accessing their wallets. Customers could still manage their digital assets through a third-party open-source tool for some time.
Due to this extended period of wallet use, the platform’s internal systems inaccurately reflected that the customer still held 2,500 Bitcoin and 2,500 Bitcoin Cash. In reality, these balances were withdrawn by the customer in March 2020.
According to court documents, the 2,500 Bitcoin were moved on March 2, 2020, to an account associated with a separate exchange founded by the customer. Six days later, 2,500 Bitcoin Cash were transferred, with a portion of those assets subsequently sent to Binance. These chain of transfers ruled out Binance as a litigant in the present case.
TokenAmount TransferredDateRecipientBitcoin (BTC)2,500March 2, 2020Exchange founded by customerBitcoin Cash (BCH)2,500March 8, 2020Various (250 sent to Binance)The exchange’s internal ledger failed to record these withdrawals, leading it to send multiple reminders to the customer for up to four years after the assets had already been moved.
In June 2024, a relationship manager offered support, resulting in an automated remediation tool being deployed in July. This led to the accidental transfer of 2,500 BTC and 2,500 BCH from the platform’s own holdings to the customer, effectively duplicating the original withdrawals.
The exchange managed to recover 1,700 BTC and the full 2,500 BCH from the customer on January 29, 2025, after the issue was detected. However, a significant balance remains unreturned, which is now the subject of ongoing legal proceedings.
Scope of the court’s injunctionThe SICC’s interim proprietary injunction restrains the defendant from disposing of, transferring, or diminishing the value of approximately 780 BTC and 816,773 USDC, as well as any proceeds or assets derived from these amounts. The court has also compelled the customer to disclose the current location and status of the disputed crypto assets, reflecting challenges in tracing them due to subsequent transactions.
However, the court stopped short of granting permission for the platform to enforce similar asset freezes in other jurisdictions using the information disclosed—leaving this option open for future requests.
The court has ordered the customer to maintain the value and prevent the movement of the disputed Bitcoin and USDC, recognizing the complexities involved in tracking these assets after several transfers.
The customer is contesting the platform’s version of events and continues to assert a right to the remaining tokens, pushing back against calls for reimbursement.
Despite the recovery of a substantial portion of the mistakenly transferred cryptocurrency, the unresolved balance continues to fuel an intense legal battle between the parties.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
At Unitree's celebration banquet, Wang Liheng shared: "I originally wanted a mechanical piano, but Wang Xingxing gave me a humanoid robot."
Unitree Robotics successfully completed its IPO today. Founder Wang Xingxing, Sequoia Capital’s Shen Nanpeng, and renowned singer Wang Leehom attended the post-IPO celebration banquet. In his speech, Wang Leehom recalled his experience collaborating with Unitree on a humanoid robot stage performance. Wang said that over a year ago, he first visited Unitree hoping the company would design a movable mechanical piano for his concert, but Wang Xingxing replied: "We don’t make pianos, but we make humanoid robots." After that, the Unitree team input thousands of movements into the robots via motion capture and worked to integrate them into the entire concert’s complex choreography. During the final rehearsal, the robots faced an issue where their timing gradually slowed down. Wang noted that Unitree’s engineering team then worked overnight to write new code, synchronized the robots with the lighting system’s timecode, and completed adjustments before the official show, allowing the performance to proceed smoothly. He added that when facing tasks they had never done before, the team repeatedly responded: "We haven’t done this before, but we can definitely do it." Wang also mentioned that the day after the performance, Elon Musk shared the related video and commented "Impressive." At the celebration banquet, Wang Leehom said: "Today, the financial world is also abuzz," and extended his congratulations to Wang Xingxing and the Unitree team.
15 minutes ago
Tesla launches Doubao large language model
Tesla has launched the Doubao large language model. According to relevant introductions, the model is now being gradually rolled out to Tesla's in-vehicle systems. (Volcano Engine)
15 minutes ago
Cantor Fitzgerald plans to open Kalshi prediction markets to its institutional clients.
According to a Wall Street Journal report, Cantor Fitzgerald plans to open its Kalshi prediction markets to roughly 3,000 institutional clients—including family offices and hedge funds—who will be able to trade contracts tied to events such as weather, commodities, and corporate performance. Susquehanna International Group will provide quotes and liquidity for these trades. Cantor will act as a broker, facilitating the purchase and sale of bulk event contracts for clients, and may distribute related positions to other investors via private negotiations. Pascal Bandelier, co-CEO of Cantor, noted that hedge funds have expressed interest in trading event contracts linked to iPhone sales, rather than betting on sales shifts indirectly through Apple’s stock price; family offices, meanwhile, are focused on using contracts tied to weather, crop yields, and oil prices for risk hedging. Joe Grubb, head of business development at Susquehanna Predictions, added that AI supply chain risks and computing power prices could also serve as use cases for the prediction markets. Institutional clients can also propose new market themes based on their needs, and the companies have discussed with investors the types of contracts they aim to launch. Kalshi has been ramping up its efforts to expand its institutional client base in recent months, completing its first bulk transaction this year and partnering with Interactive Brokers. Max Crowley, vice president of business development at Kalshi, stated that institutional demand for hedging against specific event risks is already in place.
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Poll: 63% of Americans believe the Trump family profited improperly from crypto businesses.
According to a Reuters/Lpsos poll, 69% of U.S. respondents believe that U.S. President Donald Trump’s private business interests will influence his decision-making during his term. Additionally, 63% of respondents consider it inappropriate for Trump and his family to profit from cryptocurrency businesses if he returns to the White House. The poll results could further increase political pressure on Trump ahead of the November midterm elections.
15 minutes ago
US pre-market trading saw mixed performance among semiconductor, storage, and optical communication stocks, with SKHY rising more than 4% and NOK gaining over 2%.
According to BIT (bit.com) market data, US pre-market trading for semiconductor, storage, and optical communication stocks showed mixed results. Most semiconductor stocks fell: Intel (INTC) dropped 1.23%, Marvell Technology declined 1.00%, Qualcomm (QCOM) fell 0.44%, and AMD slipped 0.37%; Taiwan Semiconductor Manufacturing (TSM) gained 0.38% and NVIDIA (NVDA) rose 0.29%. The storage sector was mixed: SK Hynix (SKHY) advanced 4.40% and SanDisk (SNDK) climbed 0.80%; Micron Technology (MU) edged down 0.08%, Seagate Technology (STX) fell 0.19%, and Western Digital (WDC) dropped 0.44%. Most optical communication stocks rose: Nokia (NOK) jumped 2.13%, Applied Optoelectronics (AAOI) increased 1.22%, and Ciena (CIEN) gained 0.73%; Marvell Technology (MRVL) slipped 1.00% and Corning (GLW) declined 0.88%.
15 minutes ago
Analysis: SK Hynix's shareholder return plan exceeds expectations, with potential shareholder returns reaching up to 150 trillion won by 2027.
South Korea’s Meritz Securities analyst Kim Sun-woo noted that SK Hynix unveiled a shareholder return plan after market close on August 19, announcing it will repurchase and cancel 40 trillion won of its own shares within three months. The announcement came earlier than the company’s prior plan to release such news within the third quarter, and Kim Sun-woo believes the market may view the timing as a positive surprise. SK Hynix said the large-scale repurchase and cancellation decision stems from its view that its current share price does not fully reflect its business competitiveness and cash-generating ability. Additionally, the company plans to announce new base and special dividend policies at its third-quarter earnings briefing at the end of October. Meanwhile, SK Hynix has raised its shareholder return threshold from the previous “within 50% of free cash flow (FCF)” to “more than 50% of FCF”, and aims to introduce a capital reduction dividend policy next year. Meritz Securities forecasts SK Hynix’s 2027 FCF will reach 250 trillion to 300 trillion won, translating to a potential shareholder return scale of 125 trillion to 150 trillion won (roughly $89.9 billion to $107.9 billion). The plan exceeded expectations in three areas: announcement timing, management’s recognition of undervaluation, and outlook for subsequent policies, and is expected to drive the company to complete share repurchases intensively over the next three months to lift its share price.
A new mystery shopping study from the Bank of Italy, Italy’s central bank, found stablecoins offer no systematic cost advantage over traditional remittance channels.
The Bank of Italy sent 200 USD Coin (USDC) across ten real-world corridors. The routes linked Italy with Argentina, Brazil, South Africa, the United Arab Emirates, and Japan.
Fiat Conversion, Not Blockchain, Drives CostsTotal transfer costs ranged from 0.3% to nearly 9% of the amount sent, the study found. That range straddles the United Nations’ target of cutting remittance costs below 3% by 2030.
Researchers tracked five phases of each transfer, from funding an exchange account to withdrawing cash at the destination. The on-chain blockchain transfer itself averaged just 0.4% of total cost.
The different transfer costs via USDC. Image Source: BANCA D’ITALIAFunding, currency conversion, and withdrawal drove almost all of the expense instead. Those are the steps that still run through banks and exchanges rather than the blockchain.
A United Arab Emirates to Italy transfer illustrates the problem. The sender had no bank transfer option and had to fund the trade with a credit card instead. That card carried a 3.8% surcharge, which pushed the total cost to nearly 9%.
The World Bank puts the global average remittance cost at 6.4%, well above the UN’s 3% target. Against the World Bank’s country-specific benchmarks, however, stablecoins beat traditional costs in every corridor the study tested except the UAE.
The Bank of Italy also compared USDC against Wise, a money transfer operator, on the same routes. Stablecoins came out cheaper on three corridors and more expensive on four others, undercutting any claim of a consistent edge.
Domestic Payment Rails Determine SpeedExecution times varied just as widely as costs. Transfers settled in under 20 minutes wherever instant payment systems existed. Brazil’s Pix network and the euro area’s TARGET Instant Payment Settlement (TIPS) service both qualified.
South Africa lacked that kind of infrastructure. A stablecoin transfer there took one to two business days, the same timeline as a conventional bank wire.
The findings complicate a narrative that stablecoins are already quietly replacing bank payment rails. The Bank of Italy’s researchers argue the technology still relies on the banks it aims to bypass.
The study also reviewed global stablecoin rules. It named Europe’s Markets in Crypto-Assets Regulation (MiCA), the bloc’s framework for crypto-asset issuers, among the more comprehensive regimes.
A related review of Europe’s post-MiCA crypto market found Circle remains the dominant compliant stablecoin issuer.
Strict regulation carried its own cost, though. The Bank of Italy found that Japan’s rules pushed users toward unregulated wallets rather than curbing demand. Whether looser on-ramp rules could close that gap remains an open question for policymakers.
Avalanche Leadership Reshuffle: Ava Labs Welcomes New President
Former Ava Labs President John Wu announced a leadership adjustment on X, appointing Charley Cooper as the new president and Lydia as CFO, while Wu transitions to a senior advisor role to focus on long-term strategy and institutional relations. Cooper, who has backgrounds in the U.S. Department of Defense, CFTC and traditional financial institutions, plus over a decade of blockchain experience, is seen as the right person to drive Avalanche’s next phase of growth. As of press time, AVAX’s market capitalization stands at $2.77 billion per HTX market data, with its all-time peak hitting nearly $30 billion in 2021.
28 minutes ago
Stablecoin yield application Osero, backed by a Sky-led investment, has officially launched.
Stablecoin yield project Osero has announced the official launch of its application, now open to all users. Official website data shows Osero currently offers an annual percentage yield (APY) of 3.52%, supporting stablecoins including USDC.e, USDe, AUSD, GHO, PYUSD, RLUSD, USDD, USDG, USDtb, and frxUSD. Its returns are generated from sUSDS and the Sky Ecosystem’s savings rate mechanism. Earlier reports indicated that Osero was incubated by Stablewatch and closed a $13.5 million funding round in May this year, led by the Sky Ecosystem and Plasma.
28 minutes ago
A source familiar with the situation has revealed that Iran is considering striking military targets in Europe if the U.S. escalates the conflict.
Sources familiar with the matter said Iran is considering expanding its strike range to include military targets in Europe if Trump escalates the conflict. The sources added that Iran’s military has assessed striking U.S. military assets in Southeast European countries such as Bulgaria, and also evaluated plans to cut undersea cables in the Strait of Hormuz amid escalating tensions. (Financial Times)
28 minutes ago
Embodied intelligence firm MouShen Intelligence completes nearly 500 million yuan in Pre-A+ round financing.
Embodied intelligence firm Moushen Intelligence recently closed a nearly 500 million yuan Pre-A+ financing round. The round was jointly invested by leading state-owned fund Shenbao Yiben Fund, Orient Securities, Shaanxi High-Tech Industry Investment Co., Ltd., industrial investors Anyu Fund, Tianmeng Investment, and Jianyuan Tianhua; existing shareholders Chuanghehui Capital, Xuhui Capital, and Gengxin Capital also made oversubscribed follow-on investments. As a result, Moushen Intelligence’s valuation has surged over 10 times in the first half of the year, making it one of the fastest-growing embodied brain enterprises in the industry. (Science and Technology Board Daily)
28 minutes ago
Yesterday, Bitcoin ETFs posted a net inflow of $189.3 million, while Ethereum ETFs registered a net inflow of $71.4 million.
According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs posted a net inflow of $189.3 million yesterday, with IBIT contributing $143.6 million of that total. This marks the second consecutive day of net inflows for Bitcoin ETFs overall. Ethereum ETFs saw a net inflow of $71.4 million, while ETHA recorded a net inflow of $64.7 million.
Arbitrum (ARB) is experiencing renewed buyer activity as selling pressure declines and key support levels are maintained. The latest developments suggest the potential for a bullish reversal in the near term, with network fundamentals providing additional confidence to market participants.
Stablecoin adoption accelerates on ArbitrumBVNK has expanded its USDC payment capabilities on the Arbitrum blockchain, signaling increased enterprise interest in stablecoin-based transactions. Companies now have enhanced options to deposit and withdraw USDC, allowing businesses to settle and convert funds seamlessly across both fiat and blockchain channels.
This move highlights the broader market shift toward leveraging blockchain rails for business payments, as stablecoins offer quicker cross-border settlement, greater liquidity, and operational efficiency. BVNK’s platform currently processes more than $36 billion annually across over 130 countries, underlining its global reach and the growing relevance of digital assets in daily business transactions.
Technical developments such as the expansion of USDC rails are part of a widespread transformation, as Wall Street and traditional financial markets steadily move into the Web3 landscape. Investors are increasingly using platforms like 1stepSwap to directly manage shares of major U.S. companies, gold, and silver within their crypto wallets. By tokenizing Real-World Assets (RWAs) and sourcing the best market prices in seconds, these solutions eliminate intermediaries and enhance market accessibility.
Price action and network outlookAt the time of writing, ARB is trading at $0.07502 with 24-hour trading volume at $30.8 million and a market capitalization of $501.09 million. According to data from DailyTradeSetup, ARB’s price is fluctuating within a value area between $0.07455 and $0.07549, with indications that buyers are absorbing selling pressure in this band.
Buyers holding current levels could pave the way for a short-term bullish breakout above nearby resistance, should momentum continue. Suggested trading setups include a potential entry at $0.07530, paired with a stop loss at $0.07494 to manage risk if momentum reverses. Targets for upside moves remain at $0.07601 and $0.07637, as traders anticipate a decisive break above current price ceilings.
Enterprise payments are increasingly shifting toward stablecoin rails, with BVNK offering USDC deposits and payouts on Arbitrum. Their broad platform processes over $36 billion a year in more than 130 countries, reflecting the maturation of blockchain payment systems.
Arbitrum is also drawing attention for its network fundamentals. Ongoing adoption of stablecoins for enterprise use cases demonstrates that the network is gaining traction beyond its core DeFi ecosystem. As more companies integrate Arbitrum for payments, the platform’s relevance in global finance continues to grow.
Market considerationsDespite positive outlooks and strengthening fundamentals, ARB remains in a neutral price zone. Broader crypto market conditions are also improving, and a breakout could unfold if Bitcoin regains upward momentum and provides support to Layer 2 tokens such as ARB.
Traders are monitoring the ARB price to see if it can remain within the $0.07455-$0.07549 range and push higher toward $0.07601 and $0.07637, as support below this zone could weaken the current bullish structure.
The combination of expanded stablecoin rails, improving market structure, and growing enterprise adoption may increase Arbitrum’s appeal for business payments going forward.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Ready to grow your knowledge and your portfolio? Put what you learn into practice in our latest Binance WhatsApp channel challenge for a chance to share a 1,000 USDC prize pool! Over the last two weeks, we were sharing educational articles on Binance Earn covering Simple Earn Flexible and Simple Earn Locked Products. Now it’s time to test your knowledge! Join the 3-day survey series, complete them correctly and subscribe at least $15 to Binance Earn to qualify for the prize pool. 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Eligible users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. The validity period for the token voucher is set at 30 days from the day of distribution. Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-08-18
18 August 2026 | 17:33 Cash App is opening a new route into crypto for eligible U.S. customers. They will be able to use their Cash App balance to buy assets offered by MoonPay, including ether, solana, XRP and USDT.
Key Takeaways Cash App balances can fund MoonPay crypto purchases. Eligible users gain access beyond Bitcoin and USDC. MoonPay, not Cash App, handles the purchase flow. Wallet choice and network accuracy become the user’s responsibility. MoonPay’s eligibility, pricing and asset rules apply. Cash App is expanding access without adding a new token catalogue Cash App has long been associated with Bitcoin, and its recent USDC feature gave eligible customers a way to move digital dollars across supported networks. The MoonPay arrangement broadens the range of assets a Cash App customer can buy without requiring Block to build native support for each new token, chain and wallet.
The distinction matters. A customer is not buying ether or solana through a new Cash App trading screen. They are using their Cash App balance to pay for a MoonPay transaction.
MoonPay’s official purchase page lists more than 100 supported cryptocurrencies, including Bitcoin, ether, solana, XRP, USDT and USDC. The final selection available to an individual customer can still vary by jurisdiction, payment method and wallet compatibility.
MoonPay also requires users to complete its own onboarding and identity checks. The service asks the buyer to choose an asset, provide a wallet address and review the purchase before paying. Cash App may supply the funds, but it does not replace MoonPay’s compliance process or transaction rules.
The purchase path changes after the Cash App balance is used Cash App and MoonPay are handling different parts of the same customer journey. Cash App provides a familiar source of dollars. MoonPay is the on-ramp that converts those dollars into crypto and delivers it to a wallet.
Crypto Service Comparison A modern architectural look at native rails versus integrated gateway flows.
In-house ecosystem routing for primary assets.
Assets Involved
Bitcoin and USDC services
Order Location
Inside Cash App interface
Wallet Requirements
Cash App’s supported Bitcoin/USDC rails
Pricing & Terms
Cash App ecosystem rates
Destination Routes
Cash App transfer routes
CA FUNDED
External gateway checkouts powered by app balances.
Assets Involved
MoonPay’s eligible asset catalogue
Order Location
In MoonPay’s dedicated purchase flow
Wallet Requirements
MoonPay & target network rules
Pricing & Terms
MoonPay at final checkout
Destination Routes
Compatible external wallet choice
Decentralized peer-to-peer alternative routing.
Assets Involved
Full token ecosystem access
Order Location
DEX / Protocol interface
Wallet Requirements
Self-custody web3 standards
Pricing & Terms
Destination Routes
Direct-to-address transfer
That design gives Cash App a fast way to offer more choice while keeping its own crypto product focused. It also means that a customer who starts with a Cash App balance quickly enters a different environment, with different support, pricing and custody considerations.
The cleanest way to understand the partnership is as a bridge. Cash App supplies the funding rail; MoonPay provides access to the wider crypto market.
USDC inside Cash App is still a different product Cash App’s USDC service should not be confused with a MoonPay purchase.
Under Cash App’s official USDC rollout, eligible users can send and receive USDC on Solana, Ethereum, Polygon and Arbitrum. But the app automatically converts incoming USDC into U.S. dollars, leaving the customer with a unified dollar balance rather than a standalone USDC balance to manage.
Cash App handles the sourcing, conversion and settlement behind the scenes. That makes USDC a payment feature inside the app, not a broader self-custody crypto experience.
MoonPay takes the customer in the other direction. Instead of converting crypto back into a Cash App dollar balance, it lets the buyer choose a crypto asset and send it to a compatible wallet. That can be useful for people who want to hold assets outside Cash App or use them across other crypto services. It also makes the wallet destination a far more important decision.
More assets mean more room for mistakes Buying Bitcoin or receiving USDC through a familiar app can feel straightforward. Moving into a wider set of tokens and networks is less forgiving.
A user needs to confirm the asset, blockchain network and receiving address before placing the order. An ERC-20 token sent to an incompatible address, or a transfer made on the wrong network, may not be recoverable. Cash App itself warns customers that sending USDC to an unsupported asset or incompatible network can result in a permanent loss.
The same basic rule applies here: a payment balance may be familiar, but the transaction is still an onchain crypto purchase. Once the order is completed and the asset is sent to an external wallet, Cash App cannot reverse it simply because the user selected the wrong network or address.
MoonPay’s purchase guide says it works with non-custodial wallets and can help users obtain one at checkout if they do not already have one. That gives buyers more freedom over where their crypto sits. It also means the buyer, rather than Cash App, is responsible for securing wallet access and recovery information.
The final price will be set at MoonPay checkout The funding source may be Cash App, but the crypto order is still priced by MoonPay. Users should not assume that Cash App’s fee structure for Bitcoin or USDC applies to a MoonPay purchase.
MoonPay lists general fees ranging from as low as 1% for certain bank-transfer purchases to as much as 4.5% for some Visa-card transactions. Those figures are useful context, not a promised rate for the Cash App option.
The available materials do not set out one universal Cash App balance fee. The relevant price is the quote shown by MoonPay before the customer confirms the transaction, including any spread, network cost or payment-related charge.
That is where the convenience of the partnership needs to be judged. Cash App removes one step from funding a crypto purchase. It does not make the underlying asset cheaper, safer or easier to sell later.
MoonPay is trying to sit behind more ways people move money The Cash App deal fits MoonPay’s broader strategy of becoming infrastructure rather than relying only on its own consumer app. It can sit behind a wallet, a checkout page or another financial product while handling the conversion between conventional money and crypto.
MoonPay has recently taken that idea into AI tools as well. Its PayBox product lets ChatGPT and Claude initiate crypto transactions and other payments within limits chosen by the user. The product uses passkeys, permission scopes and spending caps to keep the assistant from receiving unrestricted payment authority.
The Cash App partnership follows the same logic from another direction. MoonPay does not need to own the customer’s main financial app if it can become the layer that turns that app’s balance into an onchain purchase.
Cash App has widened the door, not rebuilt the house For users, the new option makes it easier to move from a Cash App balance into assets that were previously outside the app’s native crypto offering. For Cash App, it is a way to answer demand for more choice without becoming the direct provider of every token and wallet service.
The limits of the arrangement are just as important as the expansion. Cash App remains centred on its own Bitcoin and USDC services. MoonPay handles the wider asset list, the checkout process and the delivery of crypto to an external wallet.
That gives customers more ways in. It also makes it essential to understand where Cash App’s role ends and MoonPay’s begins before pressing “buy.”
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin’s volatility falls to a cycle low, as traders shift to AI stocks and prediction markets.
Bitcoin’s recent volatility has dropped to multi-year lows, with its 30-day realized volatility standing at around 42%, compared to the S&P 500’s roughly 18% — marking the narrowest gap in volatility between the two assets on record. The market is stuck in a stalemate between buyers and sellers: sell-offs by corporates and mining firms cap upside gains, while deleveraging and ongoing accumulation by long-term holders limit downside declines. As Bitcoin’s volatility eases, some short-term traders have shifted their risk appetite to assets like AI stocks, tokenized equities, stock perpetuals, and prediction markets. A NYDIG study notes that short-term traders tend to chase volatility, narrative momentum, and upside potential, with “traders targeting 5x or 10x returns” now having options including Bitcoin, Nvidia, gold, stock perpetuals, 0DTE options, and sports event contracts. Data shows that monthly trading volume of traditional asset perpetuals on crypto platforms has surged more than fivefold from $52 billion in January to $268 billion in June. Meanwhile, South Korean retail traders have clearly shifted from cryptocurrencies to AI-related stocks, with trading volumes on major South Korean crypto exchanges falling by up to around 80% year-over-year. CoinDesk points out that the Bitcoin market is currently more like in a “dormant” state, with falling trading participation, shrinking market depth, and regulatory uncertainty combining to suppress volatility. If U.S. crypto regulation makes substantial progress, the macro environment shifts, or a new market narrative emerges, the current low-volatility regime could be broken, and thinner liquidity may further amplify price swings.
1 minutes ago
NVIDIA: Multi-GPU UMAP can process 870GB of vector data in 8 minutes, achieving a maximum speedup of 74 times.
NVIDIA has released a technical blog announcing that its cuML and cuVS libraries now support multi-GPU UMAP functionality, enabling distributed execution of dimensionality reduction for large-scale vector data across multiple GPUs—significantly cutting runtime while preserving embedding quality. NVIDIA noted that during tests on the MIRACL dataset (containing 106 million vectors, totaling ~870GB) run on a DGX system equipped with 8 H100 GPUs, cuML’s multi-GPU UMAP completed end-to-end processing in just 8 minutes, delivering up to 74x speedups over projected CPU-based implementations. Prior CPU-based solutions failed to process the full dataset even with 2TB of memory. The approach works by partitioning data into multiple clusters, building local k-nearest neighbor (kNN) graphs in parallel across different GPUs, then merging these into a global graph, thereby overcoming the memory constraints of a single GPU. NVIDIA added that this technology can reduce hundreds-of-GB UMAP tasks that previously took hours or even days to process down to just minutes.
1 minutes ago
Market News: Anthropic Plans to Raise Over $10 Billion in Credit Lines Ahead of Its IPO
Market sources say Anthropic is asking lead banks to provide around $1.25 billion each in loans, while other major participating banks are expected to contribute roughly $1 billion apiece. Separately, reports indicate the credit line Anthropic aims to raise ahead of its IPO could exceed its $10 billion target.
1 minutes ago
Axios reporter: The White House will host a tech leaders event with Trump tomorrow, and prediction market firms have not been invited.
According to Axios reporter Alex Isenstadt, the White House plans to co-host an event with President Trump tomorrow, with several tech industry leaders in attendance. White House sources noted that prediction market firms have not been invited to the event and will not participate. BlockBeats previously reported that on August 15, insiders disclosed that U.S. President Trump is expected to attend a crypto industry innovation conference at the White House next week, where he will hold discussions with executives from multiple crypto firms, as well as heads of prediction market and AI companies. Attendees of the conference include leaders from firms such as Coinbase, Ripple, Gemini, Robinhood, Polymarket, and Kalshi. All these executives are members of the newly established Innovation Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC). Sources said the conference is scheduled to take place at the Eisenhower Executive Office Building adjacent to the White House, aiming to hold policy dialogues around innovative fields including U.S. fintech, crypto assets, prediction markets, and artificial intelligence. CFTC Chairman Mike Selig and other government advisors are also expected to attend, while Treasury Secretary Bessent and Commerce Secretary Lutnick may be present.
1 minutes ago
CASHCAT drops 30% following its listing on Robinhood, with one trader holding on despite an unrealized loss of $412,000 and has not sold yet.
According to Arkham's monitoring, trader 0x4B1 purchased CASHCAT tokens worth approximately $1.29 million when the asset launched on Robinhood, acquiring around 0.85% of its total supply at an average market cap of roughly $150 million at the time of purchase. After CASHCAT listed on Robinhood, its price dropped by about 30%, leaving the trader with an unrealized loss of roughly $412,000. However, on-chain data shows the trader has not sold any of the tokens to date.
1 minutes ago
US media: Tesla’s Cybercab will be launched this month in Austin, but doubts remain over the safety of its autonomous driving.
Tesla plans to publicly unveil its Cybercab, a driverless taxi, in Austin, Texas, U.S. as early as this month. The vehicle features a steering-wheel and pedal-free design, with Tesla employees already testing the fully driverless version on private roads within the company’s campus. Reports note that Cybercab runs on Tesla’s FSD (Full Self-Driving) software, though its autonomous driving capabilities and safety remain under scrutiny. The U.S. National Highway Traffic Safety Administration (NHTSA) is still investigating Tesla’s FSD for traffic rule compliance issues, while existing Robotaxi services in some markets still have human safety drivers on board. Cybercab is designed to operate without in-vehicle personnel intervention; Tesla plans to use remote operators to handle emergencies and has started integrating Starlink connectivity into the vehicles. Data scale is another concern. Tesla stated in July that it needs to accumulate dedicated driving data for Cybercab. To date, Tesla’s unsupervised Robotaxis have logged around 380,000 miles across six cities, while Waymo has completed over 220 million miles of fully autonomous driving on public roads since 2020. Additionally, Cybercab’s lack of traditional driving controls may face restrictions under U.S. federal vehicle safety regulations. It remains unclear whether Tesla is seeking regulatory exemptions, according to reports. The Verge points out that as Cybercab’s launch approaches, there remains significant uncertainty regarding the autonomous driving safety and regulatory approvals required for its commercial operation.
BVNK adds USDC on Arbitrum for corporate payouts@BVNKFinance now supports $USDC deposits and payouts on @Arbitrum, targeting corporate treasury and settlement workflows. The move allows companies to move funds across both fiat and digital rails, with lower latency and lower transaction fees compared with traditional cross-border banking systems.
The integration runs on BVNK's existing payments infrastructure, which processes more than $36 billion in annual volume across more than 130 countries. That scale gives the Arbitrum-based $USDC capability an immediate enterprise footing, rather than a pilot-stage rollout.
By routing regulated stablecoins like $USDC through @Arbitrum, the setup provides near-instant cross-border velocity. Arbitrum's speed, low cost, and scale make it a practical fit for the next phase of institutional finance.
Where this fits in Mastercard's broader stablecoin pushThe development sits within a wider strategic shift at Mastercard. In March 2026, Mastercard agreed to acquire BVNK for up to $1.8 billion, comprising a $1.5 billion base payment plus up to $300 million tied to performance targets. The completed acquisition expands Mastercard's strategy to support interoperability across fiat and digital currencies.
Mastercard's settlement framework supports regulated stablecoins including Circle's $USDC, with these stablecoins enabled across a range of blockchain networks including @Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo, and XRPL.
Traditional banking systems are restricted by weekend and holiday closures, while blockchain rails operate continuously. This allows global firms to move liquidity outside standard banking hours to prepare for operations across different time zones. Compared with $15 to $50 per wire on the originator side and 25 to 75 basis points in FX spread on cross-border legs, stablecoin transfers are an order of magnitude cheaper at most B2B volumes.
Jorn Lambert, chief product officer at Mastercard, noted that "digital currencies, particularly stablecoins, are increasingly addressing real-world needs in areas like cross-border B2B payments, remittances, payouts, settlement and treasury flows."
Sources
Mastercard completes acquisition of BVNK (Mastercard Press Release)
Mastercard expands stablecoin settlement capabilities (Mastercard Press Release)
Mastercard taps Arbitrum for global stablecoin settlement (Arbitrum Blog)
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Convert is launching two exclusive promotions to reward users who make converting a daily habit. Eligible users who use Convert will get the chance to win a share of 37,500 USDC in token vouchers. Promotion Period: 2026-08-18 00:00 (UTC) to 2026-09-14 23:59 (UTC) Promotion A: Convert Daily and Share 22,500 USDC in Token Vouchers During the Promotion Period, eligible users* who fulfill all of the following criteria will be able to participate in Promotion A: Register their participation via the landing page; andTrade at least 300 USDC equivalent cumulative through Binance Convert during each week’s eligibility period. For each week, participants will be ranked based on their number of active conversion days through Binance Convert during that week. An active conversion day is counted when a user converts on that day. The top 1,500 eligible users each week will equally share a reward pool of 4,500 USDC in token vouchers, capped at 3 USDC per user. Bonus Task: The winners from Week 1 to 4 who trade via Convert Recurring on at least 14 different days during the Promotion Period will equally share an additional reward pool of 4,500 USDC in token vouchers, capped at 3 USDC per user. WeekEligibility PeriodEligibilityRewards (in USDC Token Vouchers)12026-08-18 00:00 (UTC) to 2026-08-24 23:59 (UTC)Be one of the top 1,500 eligible users* in Week 1 with the most active conversion days and a minimum cumulative conversion of 300 USDC equivalent.Share 4,500 USDC, capped at 3 USDC per user.22026-08-25 00:00 (UTC) to 2026-08-31 23:59 (UTC)Be one of the top 1,500 eligible users* in Week 2 with the most active conversion days and a minimum cumulative conversion of 300 USDC equivalent.Share 4,500 USDC, capped at 3 USDC per user.32026-09-01 00:00 (UTC) to 2026-09-07 23:59 (UTC)Be one of the top 1,500 eligible users* in Week 3 with the most active conversion days and a minimum cumulative conversion of 300 USDC equivalent.Share 4,500 USDC, capped at 3 USDC per user.42026-09-08 00:00 (UTC) to 2026-09-14 23:59 (UTC)Be one of the top 1,500 eligible users* in Week 4 with the most active conversion days and a minimum cumulative conversion of 300 USDC equivalent.Share 4,500 USDC, capped at 3 USDC per user.Bonus Task2026-08-18 00:00 (UTC) to 2026-09-14 23:59 (UTC)Be amongst the first 1,500 winners from Week 1 to 4 to convert on at least 14 different days during the Promotion Period via Convert Recurring.Share 4,500 USDC, capped at 3 USDC per user. Important Notes: Only winners in any of Weeks 1 to 4 can participate in the Bonus Task.Users must achieve a cumulative conversion of at least 300 USDC equivalent within that week’s eligibility period to be eligible for that week's ranking.Any conversions executed before the user has registered their participation will not count.*Eligible users in Promotion A refer to users who trade via Binance Convert during the Promotion Period and have completed all the aforementioned criteria listed in Promotion A. If multiple users have the same number of active conversion days, rankings will be determined by transaction volume. Users with the higher total converted volume during that week will rank higher.Only Binance Convert trades with the Recurring mode will count as successful trades toward Bonus Task in Promotion A. Eligible participants’ Convert Recurring Plan must remain active/ongoing throughout the entire Promotion Period. If any user pauses their plan at any time, the trade amount from that plan will no longer count toward the reward calculation. Promotion B: Complete Your First Convert Trade and Share 15,000 USDC in Token Vouchers During the Promotion Period, the first 3,000 new eligible Binance Convert users** who fulfill all of the following criteria will be able to participate in Promotion B: Register their participation via the landing page; andComplete at least 3 Convert trades totaling a minimum of 30 USDC equivalent within 30 days of their first deposit***. Eligible winners of Promotion B will qualify for an equal share of the 15,000 USDC rewards pool, capped at 5 USDC in token vouchers per user. Important Notes: **New eligible Binance Convert users in Promotion B refer to users who have not used Binance Convert prior to 2026-08-18 00:00 (UTC), have registered for a Binance account, completed KYC, and fulfilled all of the aforementioned criteria listed in Promotion B.*** First Deposit in Promotion B refers to the first deposit made to the user’s Binance account during the Promotion Period via P2P, Fiat, or Buy Crypto. Join the Promotion Now! Guides & Related Materials: All You Need to Know About Binance ConvertHow to Use Binance ConvertFrequently Asked Questions on Binance Convert “Recurring”A Beginner’s Guide to Candlestick Charts How to Read the Most Popular Crypto Candlestick Patterns Terms and Conditions: All users must complete account verification and register their participation by clicking [Sign Up Now] on the Promotion page during the Promotion Period to be eligible for rewards.To qualify for rewards in Promotions A and B, users need to complete the relevant trades on Binance Convert during the Promotion Period.Promotion Period: 2026-08-18 00:00 (UTC) to 2026-09-14 23:59 (UTC). Each day is a 24-hour period from 00:00:00 to 23:59:59 UTC.The following types of trades will not count as successful trades toward Promotions A and B: API trades on Binance Convert;Stablecoin to stablecoin;Converting old tokens that have previously undergone a token swap, redenomination or merging event, to the corresponding new token.The rewards for Promotion A and B are not mutually exclusive. Each user may qualify for both promotions’ rewards if they meet the aforementioned criteria listed in Promotion A and B.Trades on Binance Convert before or after the Promotion Period will not count toward the requirements of Promotions A and/or B.Rewards will be distributed within three weeks after the Promotion Period. Users will be able to log in and redeem their token voucher rewards via Profile > Rewards Hub.The validity period for the token voucher is set at 60 days from the day of distribution. Learn how to redeem a voucher. Eligible users should claim their vouchers before the expiration date. If a voucher is not claimed before its expiry, then it will be void and no replacement voucher nor other reward will be provided.Users must have a valid, verified Binance account in good standing (not suspended, restricted, or under investigation) at the time of reward distribution to be eligible to receive rewards.Sub-accounts will not be viewed as independent accounts when participating in the Promotion.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk-registered accounts, as well as trades that display attributes of self-dealing or market manipulation.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms without prior notice, including but not limited to canceling, extending, terminating or suspending these Promotions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done; and all participants of these Promotions shall be bound by these amendments. For clarity, Binance’s decisions with respect to all aspects of these Promotions are also final and non-appealable. For more information, see the Convert Services Terms.In the event of any technical errors, system malfunctions, or discrepancies in the recording of conversion activity, Binance's records shall be the authoritative source. Binance reserves the right to correct any errors and adjust rewards accordingly.Users are solely responsible for any tax obligations arising from their receipt of rewards under these Promotions. Binance makes no representation as to the tax treatment of any rewards in any jurisdiction.Additional terms and conditions that also apply to this Promotion and are accessible here.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-08-18 USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to YuEmber Monitoring, a crypto whale spent 2 million USDC to acquire 518 million PUMP tokens last October. One hour ago, the whale liquidated all its PUMP holdings at an average price of $0.00274, converting the proceeds to $1.42 million worth of SOL, incurring a loss of $580,000.
Five months before the deadline, the American law meant to regulate stablecoins remains an open project. In this context, the US Treasury has just published its most anticipated draft rules. Added to this is the launch of a decisive consultation. But between accumulated delays and a paralyzed Congress, nothing is decided yet. Behind the regulatory urgency also lies the global dominance of the dollar.
In brief On August 17, 2026, the US Treasury published a draft of rules defining who must obtain a federal license to issue stablecoins in the United States. The text opens a 60-day public consultation, with a response deadline set for mid-October 2026. The GENIUS Act must come into force on January 18, 2027, but no final rules have yet been finalized. Stablecoins: what the new Treasury draft really changes On August 17, 2026, the US Treasury Department published a Notice of Proposed Rulemaking (NPRM) relating to section 3 of the GENIUS Act. Approved by the Senate in June 2025, this law regulates payment stablecoins in the United States.
Specifically, this text defines two previously vague concepts:
what it means to “issue” a stablecoin in the United States; what it means to “offer or sell” a stablecoin to a person residing on US soil. These definitions are not just legal details. They determine which issuer will need to obtain a federal license and which can settle for a state authorization.
The US Treasury specifies that it has deliberately excluded certain reflexes stemming from traditional securities law. Indeed, it considers that stablecoins are intended to serve as a means of payment rather than as investment instruments.
Treasury Secretary Scott Bessent justifies the current approach in a statement released Monday:
These new rules must provide companies with the regulatory certainty necessary to innovate, strengthen the dollar’s role as the world’s reserve currency, and make the United States the global cryptocurrency capital.
A declaration illustrating Washington’s stated ambition: to make the tokenized dollar a global standard for digital payments.
A schedule for stablecoins at high risk of slippage The text sets two deadlines:
From January 18, 2027, the scheduled date of the law’s entry into force, any entity wishing to issue a stablecoin in the United States will have to hold either a federal or state license. From July 18, 2028, digital asset service providers will no longer be able to offer any stablecoin to US residents if it is not issued by a licensed issuer. There is thus an 18-month transition window between the two deadlines. However, the actual timeline already worries industry professionals. In reality, the law originally required regulators to finalize their rules within 120 days after the vote on the text in July 2025. This deadline expired in July 2026, without any definitive rules being published.
The result: the Genius Act could come into force in January 2027 without a complete user guide. A very rare situation for financial regulation of such magnitude!
The public now has 60 days after publication in the Federal Register to comment on the text, with a deadline estimated for mid-October 2026. The Treasury will then have to review these responses before drafting a final version. The process generally takes several additional months.
Why is stablecoin regulation so delayed? The US Treasury is not the only player. The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve each published their own draft rules in 2026, without perfect coordination among the agencies. This institutional fragmentation partly explains the accumulation of delays. The fact is that each regulator advances on its own schedule, with its own priorities.
Added to this is a political deadlock. The Digital Asset Market Clarity Act is currently stuck in the Senate. This piece of legislation is supposed to rewrite certain provisions of the GENIUS Act, notably the treatment of yield programs offered to stablecoin holders on exchanges. Key votes could not begin before the August summer recess, casting doubt on the final coordination between the two texts.
For analysts, this situation reflects a structural imbalance: the United States legislated quickly on the principle of stablecoins, but struggles to turn this general framework into precise operational rules. A classic gap between the political ambition of a text and the slow mechanics of its administrative implementation!
Tether, USDC: who has the most to lose in the stablecoin battle? The market does not pause while Washington legislates. According to data aggregated by DefiLlama, the cumulative stablecoin capitalization stands at $308.0 billion. This represents a 14.3% increase year-on-year, with a historic peak of $322.4 billion on May 17, 2026.
Chart showing the evolution of stablecoin capitalization (Source: DefiLlama) Tether (USDT) maintains a dominant position with nearly $183 billion in capitalization, about 59% of the market (far ahead of USDC issued by Circle).
The industry’s attention is precisely focused on the treatment of foreign issuers. Tether, based outside the United States, is a textbook case. Indeed, the Treasury text will need to specify under what conditions a foreign issuer can continue to be distributed on US soil without a local license, provided that certain reciprocal commitments between jurisdictions are respected. A regulatory misstep could therefore weaken the world’s largest stablecoin’s access to the US market, with cascading repercussions on the liquidity of the entire crypto ecosystem.
The onchain transfer volumes illustrate the stakes. According to CryptoRank Research, USDC transfers reached about $3,600 billion in July 2026 (compared to $1,400 billion for USDT). These data show two very distinct usage logics (institutional payment for one and trading liquidity for the other) that the future Treasury rule will have to address with equal rigor.
Distribution of stablecoins according to transfer volumes (Source: CryptoRank) Five months before the deadline, the stablecoin law is moving forward without a definitive safety net. Between scattered agencies, a stuck Congress, and a market already at $310 billion, the future depends on a simple factor: the speed at which Washington turns ambition into applicable rules.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Binance will delist and halt trading for the following spot trading pairs at 11:00 UTC+8 on August 21: F/USDC, HIVE/USDC, ILV/USDC, LTC/BNB, NMR/USDC, STEEM/USDC, and SUI/BNB. The exchange will also terminate spot trading bot services for these pairs.
Zoomex, a global cryptocurrency trading platform focused on derivatives trading, has reaffirmed its commitment to frictionless account funding by detailing the full range of deposit options available to traders, with particular emphasis on Nodex Pay, its web3 payment integration that converts crypto directly into USDT through a single wallet-signed transaction. The announcement underscores Zoomex’s broader mission to deliver a clearer and more efficient trading experience through user-friendly design, transparent balance and rule mechanisms, fair access to legitimate earnings, and verifiable trust assets.
Three Funding Rails, One Consistent Standard
Zoomex currently offers traders three distinct ways to fund their accounts: Crypto Deposit, a direct on-chain transfer from an external wallet or exchange; Buy Crypto using fiat currency, a fiat-to-crypto onramp supporting 35 currencies; and Nodex Pay deposit, a web3 wallet-based payment flow. According to Zoomex, every rail is governed by the same underlying principle of Fair Access & Rule-Based Execution, meaning that regardless of which method a trader chooses, funds are subject to identical, transparent confirmation logic before being credited to the account.
Crypto Deposit
The Crypto Deposit route remains the standard choice for traders already holding digital assets on another exchange or in self-custody. Zoomex generates a unique deposit address and QR code for each coin-network pair selected, and publishes minimum deposit amounts and required blockchain confirmations for every supported token, ranging from 6 confirmations for BTC to 21 for ERC20-based assets and 10 for USDC on Solana. The exchange has reiterated that TRC20 USDT deposits from smart contract addresses are not supported, that ETH must be sent via direct transfer rather than smart contract transfer, and that coins requiring a memo or tag, such as XRP and EOS, must include that field correctly, since Zoomex accounts share a single deposit address for these assets. Every on-chain deposit can be tracked in real time, with both the deposit address and transaction ID (TXID) available under the account’s asset records, reflecting the Transparent by Design standard Zoomex applies across its platform.
Buy Crypto Using Fiat Currency
For traders entering the market for the first time, Zoomex’s Buy Crypto Express function offers a fiat onramp spanning 35 currencies, including USD, EUR, GBP, and JPY, converting directly into USDT, BTC, or ETH. Zoomex applies zero transaction fees on this route, though third-party payment providers may charge their own fees. As a standard anti-fraud safeguard consistent across the industry, withdrawals are restricted for 24 to 48 hours following a deposit made through a fiat service provider.
Nodex Pay Deposit: A Faster, Wallet-Native Way to Fund Derivatives Trading
The centerpiece of today’s announcement is Nodex Pay, the deposit method Zoomex positions as the clearest expression of its Refined Brand & Trading Experience. Rather than requiring traders to route assets through a centralized wallet before depositing, Nodex Pay connects directly to a trader’s self-custody wallet, currently supporting MetaMask, Coinbase Wallet, WalletConnect, and FaceWallet, and converts eligible crypto into USDT in a single transaction. This collapses what has traditionally been a two-step process, moving funds to an exchange wallet and then depositing, into one wallet-signed action, reducing both the time and the friction involved in getting capital onto the platform.
Nodex Pay currently supports five major networks: Ethereum Mainnet, Polygon Mainnet, BNB Smart Chain Mainnet, Optimism, and Arbitrum. Deposit sizes range from a minimum of 0.01 USDT to a maximum of 9,999,999 USDT per transaction, a span wide enough to accommodate both smaller retail top-ups and larger, institutional-sized transfers. Zoomex has noted that Nodex Pay is currently available exclusively on desktop, with mobile app support to be announced separately once available.
Operationally, the flow is designed to minimize decision points for the trader. After selecting Nodex Pay from the “Buy Crypto” menu, a trader enters the desired USDT amount and confirms the order, then connects a supported wallet. If the wallet is set to an unsupported network, Nodex Pay prompts a network switch directly through the wallet interface. Once connected on a supported chain, the interface displays available token balances and calculates the exact amount required for the requested deposit. First-time users complete a one-time token approval before payment, a standard step for smart contract interactions, after which the transaction is confirmed and submitted directly from the wallet. Deposits are typically confirmed within 10 to 30 minutes, accounting for both blockchain verification and Zoomex’s internal processing, and the completed transaction appears under the account’s Asset History as a Nodex Pay purchase, with a block explorer link provided for independent verification.
Custody and Trust Infrastructure Underpinning Every Deposit
Zoomex has emphasized that its custody framework applies uniformly across all three deposit methods. User assets are held in a multi-signature wallet structure and managed separately from Zoomex’s own operational funds, a structure the exchange cites as central to its verifiable trust assets. Withdrawal requests exceeding the immediate withdrawal threshold undergo manual review at fixed intervals daily, at 4 PM, 12 AM, and 8 AM UTC. Zoomex maintains that this consistency, applying the same custody and review standards regardless of funding method, is a deliberate extension of the platform’s Transparent by Design approach to asset management.
Positioning Within Zoomex’s Derivatives-First Strategy
The expanded emphasis on Nodex Pay comes as Zoomex continues to build out a platform Focused on Derivatives, where speed of capital deployment can directly affect a trader’s ability to act on market opportunities. By reducing the funding process to a single wallet-signed transaction, Zoomex aims to minimize idle capital and shorten the gap between a trader’s decision to enter the market and their ability to execute. The move follows a broader pattern at Zoomex of layering deposit infrastructure, from direct on-chain transfers to fiat onramps to wallet-native payment rails, around the same Easy to Use design philosophy that defines the rest of its trading environment, including tools such as Demo Trading and Strategy Center.
About Zoomex
Founded in 2021, Zoomex is a global cryptocurrency trading platform focused on derivatives trading. The platform serves over 3 million users across 35+ countries and regions, offering access to 700+ trading pairs. Built around easy to use, transparency, fairness, and speed, Zoomex provides a clear and efficient trading experience for users worldwide.
Through its high-performance matching engine, clear asset and order displays, and transparent fee and rule mechanisms, Zoomex helps users better understand their account status, order execution, trading costs, and results. Zoomex maintains registrations, licenses, and regulatory statuses across multiple jurisdictions, including the U.S. MSB, Canada MSB, U.S. NFA, and Australia AUSTRAC, and has completed security audits conducted by blockchain security firm Hacken. The platform also continues to strengthen its trust framework through Proof of Reserves, Security & Transparency, Compliance Information, and Fees / Rules Transparency initiatives.
Beyond trading, Zoomex builds a refined brand experience through elite sports partnerships, including the TGR Haas F1 Team, World Cup-winning goalkeeper Emiliano Martínez, and world-class tennis events such as Wimbledon. The values of speed, precision, discipline, fair play, and rule-based execution are closely aligned with Zoomex’s approach to derivatives trading.
At Zoomex: Easy to Use. Transparent balance. Fair access to your earnings.
FAQ
What is Zoomex? Zoomex is a global crypto derivatives platform founded in 2021, serving over 3 million users across more than 35 countries and regions with 700+ trading pairs.
How does Zoomex work? Zoomex operates through a high-performance matching engine with transparent asset and order displays, allowing users to execute trades and track outcomes with full visibility into their balances and results.
What can you trade on Zoomex? Zoomex offers 700+ trading pairs spanning cryptocurrencies such as BTC, ETH, and SOL, as well as stock-linked contracts like NVDA and AAPL and gold exposure through XAUT.
Where is Zoomex headquartered? Zoomex operates as a global cryptocurrency exchange with regulatory registrations including Canada MSB, U.S. MSB, U.S. NFA, and Australia AUSTRAC, reflecting its multi-jurisdictional compliance approach.
Is Zoomex available in my country? Zoomex serves users across more than 35 countries and regions. Availability can vary by local regulation, so traders should check the official Zoomex website for country-specific access and requirements.
Coinbase’s Layer 2 blockchain has quietly assembled one of the most concentrated lending ecosystems in DeFi. Base now holds approximately $3.28 billion in lending total value locked, a figure that puts it in direct competition with Ethereum mainnet for dominance in onchain credit markets.
The engine behind this surge is Morpho, whose deployment on Base has reached roughly $3.3 billion in TVL. That’s not a rounding error away from Ethereum’s own Morpho deployment. It’s effectively a mirror image, built on a chain that didn’t exist three years ago.
The USDC gravity well USDC accounts for 84.89% of Base’s stablecoin market cap. On Base, it’s essentially a one-currency economy.
That concentration has created a specific kind of lending market. Curated USDC vaults on Base hold about $1.62 billion in TVL, representing 22.5% of the global curated vault market. Only Ethereum commands a larger share.
The term “curated” matters here. Unlike traditional lending pools where anyone can deposit anything, curated vaults are managed by risk curators, entities like Steakhouse Financial, who set parameters around collateral types, loan-to-value ratios, and liquidation thresholds.
Coinbase’s DeFi Earn as the on-ramp A significant portion of Base’s lending growth traces back to a single product: Coinbase’s DeFi Earn, powered by Morpho and Steakhouse Financial.
The integration has driven nearly $500 million in USDC deposits into Morpho vaults on Base. On the other side of those deposits sits over $1.3 billion in USDC borrowing, collateralized primarily by cbBTC, Coinbase’s wrapped Bitcoin product.
A Morpho blog post from August 6 cited $5 billion in total onchain finance activity tied to Base, crediting Coinbase’s integrations as a primary accelerant for onchain credit markets. That figure encompasses more than just lending, but it underscores the scale of financial activity flowing through what is still a relatively young chain.
For Coinbase, the strategic logic is straightforward. DeFi Earn converts passive exchange users into active DeFi participants without requiring them to understand smart contract interactions, bridging mechanics, or vault selection. The complexity gets abstracted away, and the deposits flow into Base’s lending markets.
How Base got here Base launched in August 2023 as an Ethereum Layer 2 built on the OP Stack, the same technology underpinning Optimism. Morpho’s model, which separates lending markets into isolated, permissionless pools rather than monolithic protocols like Aave or Compound, aligned well with Base’s lower transaction costs. Operations that would cost several dollars in gas on Ethereum mainnet run for fractions of a cent on Base.
That cost advantage matters enormously for lending. Liquidations need to happen quickly and cheaply to keep markets solvent. A user with $1,000 in USDC can meaningfully participate in Base lending in ways that Ethereum mainnet gas fees would make impractical.
What the USDC concentration means Base’s near-total reliance on USDC is both a strength and a vulnerability. On the upside, USDC’s regulatory clarity and Circle’s reserve transparency reduce the kinds of counterparty risks that have blown up other DeFi ecosystems.
The flip side is concentration risk. If Circle ever restricted USDC activity on Base, or if regulatory changes affected USDC’s status, the chain’s lending markets would face a liquidity shock with limited alternatives to absorb the impact.
The $1.62 billion in curated vault TVL on Base represents 22.5% of the global market for these products, meaning roughly three-quarters of curated vault activity still lives elsewhere, predominantly on Ethereum. Base is competitive, not dominant.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Early traction builds on Stellar rails@Zebec_HQ says its enterprise payroll product on @StellarOrg has signed up nine business accounts within two months of launch, generating an annualized run-rate of roughly $4 million in $USDC payroll. The figures offer an early read on real-world demand for on-chain payroll infrastructure at a time when stablecoin adoption in corporate payments is accelerating.
Zebec's enterprise dashboard is designed for HR managers overseeing large, distributed teams, letting employers stream salaries and contractor payments in stablecoins directly into workers' digital wallets. The Stellar deployment, announced in March 2026, marked Zebec's first expansion beyond the Solana blockchain, where its streaming payroll infrastructure was originally built.
Stellar's architecture suits the use case. Transaction costs on the network run below one cent, and the network processes more than 250,000 USDC transactions daily, providing the liquidity base needed for high-frequency payroll operations.
Ecosystem add-ons broaden reachZebec has been layering on integrations since launch. A MoneyGram offramp gives workers cash-out access through MoneyGram's global agent network. Privy wallet infrastructure handles onboarding, while Tangem hardware wallet support adds a physical self-custody option for employees. Euro-denominated payouts are available through AllUnity's EURAU stablecoin, expanding the product beyond dollar-only settlement. Zebec Cards support for onramping and treasury management is flagged as the next item on the roadmap.
The additions reflect a broader pattern in enterprise stablecoin payroll, where coverage of local fiat offramps and wallet flexibility often determine whether a product gains traction in non-US markets. Zebec has positioned itself as Stellar's designated payroll infrastructure provider, with @StellarOrg selecting the firm in that role as part of a wider push to attract institutional use to the network.
Sources:
Zebec: Enterprise Payroll on Stellar launch post
Crypto Economy: Zebec launches enterprise payroll on Stellar
Edgen: Stellar taps Zebec for USDC payroll
Treasury’s new stablecoin rules would decide which dollar tokens can legally reach US buyers. Chains already running on a licensed dollar hold the edge, and six altcoins sit closest to it.
Nothing is final yet, and Treasury opened a 60-day comment period. The hard deadlines land in January 2027 and July 2028.
How Treasury’s New Stablecoin Rules Sort the ChainsCongress passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in July 2025. The idea is simple. A dollar token needs a US license to reach American users.
Two dates carry the weight. Unlicensed issuance inside the country ends on January 18, 2027. Then from July 18, 2028, platforms generally cannot sell payment stablecoins to US persons. Only licensed issuers pass.
No issuer holds that license yet, because licensing opens in 2027. However, the queue has already formed.
The Office of the Comptroller of the Currency (OCC) approved five trust bank charters last December on a conditional basis. Circle, Ripple, Paxos, Fidelity Digital Assets, and BitGo made that list. Circle then went further and won final approval in July.
Treasury Secretary Scott Bessent framed the goal as certainty.
“Treasury welcomes input from stakeholders as we work to provide the regulatory certainty businesses need to innovate and grow in America…” read an excerpt in the Monday announcement, citing Bessent.
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This is the third time Treasury has asked the industry to weigh in. It opened a second comment window last September.
.@POTUS and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework. @USTreasury welcomes input from stakeholders as we work to provide the regulatory…
— Treasury Secretary Scott Bessent (@SecScottBessent) August 17, 2026
Europe Already Ran This ExperimentThe US is not first. Europe’s Markets in Crypto-Assets (MiCA) rules set a similar test, and the result is on record.
Binance told European users on March 3, 2025 that eight tokens would go. USDT also led that list. Margin pairs were delisted on March 27 and converted to USDC automatically.
Spot pairs then followed on March 31. In its announcement, Binance pointed users toward USDC.
That is the pattern the GENIUS Act now sets up for America, only on a far larger base.
6 Altcoins That Could Benefit From the ProposalStablecoins hold about $300 billion across all chains, according to DefiLlama.
Total Stablecoin Market Cap. Source: DefiLlamaThe ranking below uses one measure. It is the share of each chain’s stablecoin supply that already sits with a licensed issuer.
Hyperliquid (HYPE)
Hyperliquid carries $6.18 billion in stablecoins. USD Coin (USDC), issued by Circle, makes up 97.8% of it. No other major chain leans so hard on a single licensed issuer. HYPE trades at $59.34, up 3.9%. It is also the only altcoin here in profit over 12 months, at 26.3%.
Arbitrum (ARB)
USDC covers 63.5% of Arbitrum’s $3.5 billion stablecoin base. Foreign-issued tokens face the tighter test, so that mix helps. ARB trades at $0.0749, up 1.2%.
Polygon (POL)
Polygon holds $3.03 billion in stablecoins, with USDC at 53.3%. A slim majority therefore sits with a chartered issuer. POL changed hands at $0.0781 after a 3.8% gain.
Solana (SOL)
Solana’s $15.33 billion base ranks third among all chains. USDC leads it at 43.5%, ahead of Tether (USDT). SOL trades at $75.84, up 0.9%.
Ethereum (ETH)
Ethereum hosts $146.57 billion in stablecoins, nearly half the global total. However, USDT holds 50.4% of that. The rest, about $73 billion, is the deepest non-Tether pool anywhere. Meanwhile, ETH price near $1,900 reflects a 1.4% gain to $1,904.24.
XRP
Ripple issues Ripple USD (RLUSD) and holds one of those conditional charters. More than half a billion dollars of RLUSD supply moved to XRPL. That network passed Ethereum as RLUSD’s main settlement venue in June. XRP trades at $1.002, up 0.3%.
6 Altcoins That Could Benefit From Treasury’s New Stablecoin RulesTron Holds the Largest Bet the Other WayTron carries $92.04 billion in stablecoins, second only to Ethereum. USDT makes up 97.9% of that. The chain therefore has almost no licensed alternative.
BeInCrypto reported in March that Tron’s USDT balance had passed Ethereum’s. TRX trades at $0.3313, up 0.1%.
Tether is not sitting still, however. It launched a US token called USAT in January through Anchorage Digital Bank. The company says USDT is working toward GENIUS Act compliance.
None of this promises a rally. Every altcoin listed except HYPE is down 58% to 86% over the past year. Monday’s moves also stayed under 4%. The comment file closes 60 days after Federal Register publication. That is where the real fight happens.
Buried in the European Commission's MiCA review consultation, open until August 31, is the question that decides whether global stablecoins can exist in Europe at all: should the regulation "continue to be open to multi-issuance models?" The bureaucratic phrasing conceals a two-year institutional brawl. On July 9, the European Parliament voted 390 to 86 to back multi-issuance with safeguards, rejecting a push from the European Systemic Risk Board, chaired by Christine Lagarde, to shut the practice down. The ECB side has not conceded. Nobody has, because the word at stake is fungible, and fungibility is the entire product.
Multi-issuance is how a global stablecoin squares MiCA with reality. Circle became the first global issuer authorized under MiCA, through France, in 2024; Paxos issues its Global Dollar through a Finnish entity-launches-in-the-eu). A USDC minted in Paris and a USDC minted in Boston are the same token at the same price, redeemable anywhere. Break that fungibility and you do not have a global dollar with an EU license. You have an EU token that happens to share a name with one.
Frankfurt's nightmare scenario is specificThe ECB's objection is a run-dynamics argument, stated plainly in its November Financial Stability Review: when an EU entity and a third-country entity jointly issue a fungible coin, the EU issuer may hold "insufficient reserve assets under the supervision of EU authorities to fulfil the combined redemption requests." The ESRB's version, from the Reuters reporting that surfaced the fight last October: in a run, "investors will choose to redeem in the EU, since it has the strongest safeguards." Europe wrote the world's most protective redemption rights, and those rights make its reserves the run's front door. Global holders converge on the redemption window with the best guarantee, and the guarantee is Europe's.
It is a coherent scenario, and the counterargument is equally concrete: reserves can be sized and ring-fenced to EU circulation, issuers rebalance across entities in practice, and the EBA told Reuters in November that existing MiCA tools, applied with safeguards, can carry the risk. The Commission's spokesperson was blunter still: MiCA already provides "a robust and proportionate framework." Market authorities versus monetary authorities, competitiveness versus sovereignty, with the file sitting in Brussels.
The formal machinery behind the fight matters because it fixes the calendar. The systemic-risk board's recommendation, adopted in September and published in October, asked the Commission to act by the end of 2025; a Council working document circulated to member states argued MiCA "lacks dedicated tools" for the multi-issuer model. The Commission instead folded the question into its scheduled review, published the consultation in May, and its report is due by mid-2027 with legislation after. Deadlines, in Brussels, are a form of answer: the ECB asked for action in months and received a process measured in years.
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The asymmetry underneath the argumentWhat gives the fight its edge is how little Europe has built on its own side of it. All MiCA-compliant euro stablecoins together total about €674 million, growing fast but standing at roughly a fifth of one percent of the dollar-stablecoin market. Circle's USDC alone circulates $77 billion. The ECB counts dollar-denominated coins at 99% of all stablecoin supply. Nineteen authorized issuers operate under MiCA, and the volume that matters still runs through two American brands. Restricting multi-issuance would not conjure euro coins into existence. It would ring-fence the dollar coins Europeans already use, with consequences the Ledger Insights analysis states precisely: even ring-fenced, local reserves could be drained in a crisis as holders elsewhere rush to redeem, and a hard split invites the one outcome everyone claims to oppose, the same coin trading at different prices inside and outside the EU.
The register beneath the fight is modest either way: 19 authorized issuers of e-money tokens under MiCA as of March, issuing 29 tokens, with Circle's EURC, at $430 million, the largest euro coin. The euro complex is growing at triple-digit rates, which Brussels cites as vindication, from a base that rounds to zero against the dollar complex, which Frankfurt cites as the emergency. Both citations are accurate. A regime one year into operation is being renegotiated over a market share it never had time to win, because the currency at stake is the one Europe prints.
What a safeguarded settlement would mean in practice is already legible in the consultation's questions. An EU treasurer's USDC would redeem through EU-authorized platforms, making exchanges and custodians the border checkpoints; issuers would carry reserve-rebalancing duties sized to EU circulation, monitored by the EBA, whose staff has already sketched the liquid-asset expectations; and the third-country entity on the other side of the fungibility promise would need a home regime Brussels recognizes. Global coins would survive with more paperwork and a standing dependence on EU-US regulatory relations, which, for an instrument marketed as borderless, is its own kind of verdict.
Tether's absence frames the stakes from the other side. The largest stablecoin on earth skipped MiCA entirely, was delisted for EEA users by Binance in March 2025, and is still being removed from platforms, with Revolut dropping USDT for EU customers this month. MiCA already fenced out the coin that would not comply. The current fight is over the ones that did comply, which is why it stings: the issuers being threatened with ring-fencing are the regulation's own success stories. Circle's policy chief Patrick Hansen makes exactly that point about the review: it "does not signal MiCA's failure" but the scheduled maintenance of a young regime.
The digital euro is standing just offstageNo reading of this fight is complete without the project the ECB actually wants. In October the Governing Council put dates on the digital euro: a pilot in mid-2027 and first issuance in 2029, conditional on the legislation passing. Executive Board member Piero Cipollone's speeches braid the threads together explicitly, warning that dollar stablecoins could gain a foothold in European retail payments while pitching the digital euro as the European public option. Every warning about multi-issuance run risk doubles as an exhibit in the digital euro's case file. That does not make the warnings wrong. It does explain the enthusiasm with which they are delivered.
Cipollone's February speech in Rome made the linkage nearly explicit, warning that dollar stablecoins could gain a foothold in European retail payments while presenting the digital euro as the public option built on European infrastructure. His earlier catalogue of stablecoin risks, runs, fire sales of reserve assets, ran through the same speeches that advanced the digital euro timeline. The two files are formally separate and rhetorically inseparable, and every institution in the fight understands the choreography.
Where this landsThe formal path is now fixed: consultation closes August 31, the Commission's review report is due by mid-2027, legislation follows. The Parliament's lopsided vote signals where the political center sits, and the likely landing zone is visible in the consultation's own questions, multi-issuance preserved, wrapped in safeguards, reserve rebalancing obligations, redemption gates through EU-authorized platforms, perhaps equivalence requirements for the third countries involved. The Skadden reading of the options lists exactly those mechanics, and the consultation's own safeguard questions add third-country equivalence regimes, the tool the EU reaches for when it wants leverage over foreign supervisors. That would put Washington in the loop: a GENIUS-regulated US issuer wanting EU fungibility would need its home regime blessed by Brussels, the mirror image of the comparability determinations the GENIUS Act demands of foreign issuers. Two blocs, two rulebooks, each holding a key to the other's market, is where global stablecoin regulation was always going to land.
The technical question, who redeems what, where, in a run, is real, and answerable with arithmetic and ring-fencing. The political question underneath is harder: whether Europe can live with the dollar's private rails winning on European soil under a European rulebook. The GENIUS Act settled America's stablecoin fight in a summer. Europe, characteristically, has scheduled its own for 2027, and in the meantime every euro of growth in that €674 million tells Frankfurt time is not neutral. Fungibility will probably survive the review; a 390-to-86 Parliament and a Commission on record that MiCA suffices are hard to overturn with a scenario, however coherent. What fungibility now carries is a price tag, denominated in safeguards, reserve rebalancing duties, redemption gates, equivalence tests, and the invoice arrives with the 2027 legislation. Europe regulated stablecoins first and is discovering the sequel obligation: regulating first means renegotiating first, in public, with the market watching the drafting.
