Circle defends USDC as competition grows
Circle president Heath Tarbert defended USDC as competition in the stablecoin market intensified and pressure continued on Circle shares.
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Circle president Heath Tarbert defended USDC as competition in the stablecoin market intensified and pressure continued on Circle shares.
Ethereum (CRYPTO:ETH) is trading near an important technical support level as investors await a vote on the US Clarity Act, which could reshape digital asset regulation.
Crypto investor Cobie said Coinbase has drifted away from its crypto-native community as the exchange expands its focus on institutional clients and traditional finance.
Strategy executive chairman Michael Saylor has criticised Bitcoin (CRYPTO:BTC) Improvement Proposal 110 (BIP-110), arguing the proposed protocol change could weaken the network.
FTX will distribute more than US$900 million to creditors in its next repayment round while former CEO Sam Bankman-Fried's clemency campaign continues to lose political support.
The Zcash (CRYPTO:ZEC) network will activate a hard fork on July 28 to disable Orchard shielded transactions after developers found a critical software bug.
Robinhood CEO Vlad Tenev said trading is not gambling as Robinhood launched Trump Accounts, a new investment programme for eligible newborns.
Cybersecurity firm Kaspersky has identified a malware framework called OkoBot that targets cryptocurrency investors through fake GitHub apps and social engineering attacks.
South Korea's Financial Supervisory Service has sent an inspection letter to Dunamu, the operator of Upbit, after last year's US$36 million crypto hack.
President Trump posted on Truth Social that Republicans should add Iran to the Russian sanctions bill, saying that it's what the late Senator Lindsey Graham wanted to do. While on Bloomberg This Weekend, Senator Jeanne Shaheen told hosts David Gura and Christina Ruffini that Graham never raised concerns about adding Iran to the sanctions bill. The Senator, who is the ranking member of the Senate Foreign Relations Committee and Co-Chair of the bipartisan NATO Observer Group, also addressed the recent Iranian strikes in Jordan that resulted in the deaths of two US service members. (Headline updated for clarity.)
Rep. Marlin Stutzman joins Bloomberg This Weekend and tells hosts David Gura and Christina Ruffini that the Trump administration should maintain military and economic pressure on Iran following the deadly strike on a US base in Jordan, arguing regime change remains the best long-term outcome. He also backed expanding sanctions on Iran, called for applying insider trading rules to prediction markets and urged greater transparency about Sen. Mitch McConnell's health.
Centerview Partners co-founder Blair Effron says AI is moving markets more than it's moving most corporate boardrooms, with roughly $700 billion in hyperscaler capex raising pressure to prove returns. He says CEOs are investing, but adoption outside tech remains slower than investors assume, while higher costs, consumer pressure and the need for scale are driving caution across the C-suite.
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