#CIRCLE News

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SOTM Feb 15-21, 2024

5264302.fs1.hubspotusercontent-na1.net Welcome to our 160th issue of State of the Market, where we provide an overview of crypto market activity from February 15 – 21, 2024. AI excitement trickles over to crypto,…

Circle Announces Plans To Phase Out Support for USDC on the Justin Sun-Founded Blockchain Tron

dailyhodl.com Stablecoin issuer Circle is ending support for its US dollar-pegged digital coin on the Tron (TRX) blockchain. Circle says it will stop minting USDC on the Justin…

The winners and losers as stablecoin volume crosses $1tn

dlnews.com Stablecoins are on the rise. Stablecoin trading volume on centralised exchanges surged 4.5% to over $1 trillion in January — hitting its highest point since the tail end of…

Goodbye, Tron: Circle Announces End of USDC Support On TRC-20

bitcoinist.com In a move sending shockwaves through the crypto world, Circle, the issuer of the world’s second-largest stablecoin, USDC, announced today it will no longer support the Tron…

Samsung plans to roll out One UI 6.1 in “late March” for the Galaxy S23 series, Z Fold 5, Z Flip 5, and Tab 9 series, adding the full Galaxy AI suite and more

9to5google.com Samsung’s next big Android update, One UI 6.1, debuted on the Galaxy S24 series last month, but is getting ready to make its way to more Galaxy devices. Here’s what you need…

Crypto Sleuth Exposes ‘Real’ Reason For USDC’s Breakup With Tron

bitcoinist.com Circle, the entity behind the prominent crypto stablecoin USDC, announced its decision to discontinue its association with the TRON blockchain yesterday. This cessation of…

Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain

news.bitcoin.com The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted…

Tether won’t confirm or deny if it’s dropping USDT on Tron

cointelegraph.com Tether did not make a specific comment on whether it plans to drop support for Tron after rival Circle dumped the network over safety concerns.

Justin Sun, Suspected in $259M Ethereum Purchase Spree

coingape.com Tron founder Justin Sun is the subject of speculation after a number of high-value cryptocurrency transactions indicate a substantial investment in Ethereum (ETH).…

Rise of Ethena’s USDe to a $352 Million Market Cap Prompts Discussions About Protocol Design

unchainedcrypto.com As people deposit large amounts of their crypto assets into Ethena, a new decentralized finance protocol, discussions around its flagship product USDe has intensified among…

Top 3 Stablecoins to Watch in 2024: A Beginner’s Guide to Crypto Stability

investorplace.com There are some top stablecoins that every investor should know about for 2024. These coins are crucial for maintaining the stability of the cryptocurrency ecosystem, and…

Polygon and StarkWare unveil Circle STARKs to streamline Zk Proofs

coinjournal.net Polygon Labs and StarkWare collaborate on Circle STARKs for ZK rollups. Circle STARKs promise faster, cheaper transactions for layer-2 networks. The joint effort signifies a…

Why Circle’s USDC Is Dumping Tron

coindesk.com Since at least 2021, there has been more tether (USDT) on Tron than on Ethereum, driven by the popularity of using Tron-based USDT to move funds between exchanges and…

Circle cites compliance as it discontinues USDC on Tron

blockworks.co Peer-to-peer payments company Circle will discontinue its support for stablecoin USDC on Justin Sun’s Tron network. USDC is the second-largest stablecoin by market…

Avalanche Stages Comeback Amid Growth In Memecoins, GameFi, and RWAs

thedefiant.io Activity is heating up on Avalanche, a leading Layer 1, with memecoins, web3 games, and real-world assets driving significant growth for the network. A Feb. 21 report from…

Binance’s FDUSD market cap hits record high, dethrones USDC in Bitcoin trading volume

cryptoslate.com The First Digital USD (FDUSD) stablecoin has overtaken Circle-issued USD Coin (USDC) as the second-most popular pair for Bitcoin during the last five months, thanks to the…

At the Crossroads: Bitcoin ETFs & Coinbase

coinmetrics.substack.com Get the best data-driven crypto insights and analysis every week: The widespread acceptance of cryptocurrencies has evolved significantly in recent times, moving from…

First Mover Americas: VanEck’s ETF Volume Surges, Fairshake Raises Another $5M

coindesk.com This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every…

price prediction amid USDC halting operations

finbold.com Circle announced the removal of native USDC on the Tron Network (TRX) as part of its “risk management framework.” This raised concerns about Tron’s future in the market,…

Circle Axes Support for USDC on Tron, Citing 'Risk Management'

decrypt.co USDC issuer Circle has discontinued support for the stablecoin on the Tron blockchain, the firm announced today. In a blog post, the firm said that it would no longer mint…

Is USDC preparing for a Justin Sun sanction?

protos.com Circle, the company that issues USDC, announced on February 20 that it would no longer be continuing support for the stablecoin on the TRON blockchain and is pushing for a…

Circle Cuts Ties with USDC Token Support on Tron Blockchain

financemagnates.com Circle, the US cryptocurrency firm, announced its decision to terminate support for its USDC token on the Tron blockchain network. The decision was revealed today…

Circle to end support for $313 million USDC on Tron amid compliance push

cryptoslate.com Centralized stablecoin issuer Circle is discontinuing support for USD Coin (USDC) on the Tron blockchain, citing concerns within its risk management framework. According to…

USDC Minting on TRON Ceases, All Support to Be Withdrawn Next Year

cryptopotato.com Circle, the company behind the second-largest stablecoin in the world, has announced the end of its support for the TRON network. Although the minting of new USDC on TRON…

Stablecoin USDC bids adieu to Tron network

ambcrypto.com Tron’s USDC market cap shrunk by 72% in the past year. • TRX remained unaffected, gaining 2.56% in the last 24 hours. In a significant development, stablecoin issuer Circle…

Why Is the Crypto Market Down Today?

beincrypto.com The Crypto Market Cap (TOTALCAP) and Bitcoin (BTC) fell after yearly highs. SATS (1000SATS) is holding on above support. In the news today: Stablecoin firm Circle…

Crypto Super PAC Fairshake Raises $4.9M From Winklevoss Twins: Report

coindesk.com Fairshake, a Super political action committee (PAC) that is backing crypto-friendly candidates, has now received funding of a total of $4.9 million from billionaire twins…

USDC Stablecoin’s Issuer Circle Dumps Tron Network; TRX Steady

coindesk.com Major stablecoin USD Coin (USDC) will no longer be supported on the Tron blockchain, issuer Circle said in an announcement early Wednesday. “Circle is discontinuing support…

Circle Drops TRON Support for USDC, Citing Risk Management

cryptonews.com Stablecoin issuer Circle will stop supporting USDC on the TRON blockchain, as part of concerns under its risk management framework. In a statement on Wednesday, the company…

These Billionaires Committed $4.9 Million to Support Pro-Crypto Politicians

beincrypto.com Billionaires Cameron and Tyler Winklevoss have donated $4.9 million to Fairshake. This super political action committee (PAC) champions pro-crypto politicians. Their…

Circle To End USDC Stablecoin Support on TRON

watcher.guru Stablecoin issuer Circle announced this week its plans to fully discontinue minting and support USDC on the TRON blockchain over the coming years. Positioned as an effort to…

Circle to Stop Minting USDC on TRON Blockchain

unchainedcrypto.com Stablecoin issuer Circle plans to cease minting its USDC stablecoin on the TRON blockchain, and will eventually discontinue support for USDC on TRON entirely. “Effective…

Circle To End USDC Support on Tron Blockchain Amid Risk Management

coingape.com On Tuesday, February 20, the second-largest stablecoin operator Circle announced that it is ending support for its USDC stablecoin on the Tron blockchain. However, this…

Circle Ends Support for USDC on TRON Blockchain : A Strategic Shift for Stability

coinpedia.org The post Circle Ends Support for USDC on TRON Blockchain : A Strategic Shift for Stability appeared first on Coinpedia Fintech News Circle ceases USDC support on the Tron…

This Major Stablecoin Firm Will Cease TRON Blockchain Support Amid IPO Push

beincrypto.com Circle, a major stablecoin firm, has announced it will cease support for USDC (USD Coin) on the TRON blockchain. This move comes amid the firm’s strategic push towards an…

Circle ceases USDC support on TRON blockchain as part of risk management strategy

theblock.co Circle announced that it will phase out support for USDC on TRON and has immediately ended USDC minting services on the blockchain.

MetaMask Completes Roll-Out Of Blockaid Security Alerts

thedefiant.io MetaMask estimates crypto users lost $1.7B to exploits and phishing scams in 2023. MetaMask has completed an integration with Blockaid to provide security alerts to its…

Ex-PayPal and Venmo vets launch Meso to connect crypto wallets with bank accounts, announce $9.5M seed round

fortune.com A team of fintech-turned-crypto converts today launched Meso, a payment platform that brings digital assets and fiat currencies closer together, making it easier for users…

UK Stablecoin and Crypto Staking Rules Ready in Six Months, Says Econ Secretary

decrypt.co The UK government will introduce new regulations for stablecoins and crypto staking services within the next six months, according to Economic Secretary to the Treasury Bim…

Y Combinator Calls For Stablecoin Startups

thedefiant.io The Silicon Valley incubator wants to foster “Stablecoin Finance.” Legendary Silicon Valley tech incubator, Y Combinator, published a “Request for Startups” and among the…

Tether calls JPMorgan ‘hypocritical’ after bank’s analysts say stablecoin dominance is bad for crypto

dlnews.com JPMorgan analysts cautioned against Tether’s dominance, which they labelled “negative” for the growing crypto ecosystem. “Tether is mostly at risk given its lack of…

Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether

dailyhodl.com A Circle executive told Congress this week that she hopes the U.S. Treasury Department considers taking action against Tether. Caroline Hill, senior director of global…

Game is on? Coinbase and Circle publicly ‘begs’ Congress ‘to go after’ Tether

finbold.com Representatives of Coinbase and Circle spoke at a United States Congressional hearing on February 15 and referenced concerns on Tether. First, Caroline Hill, Circle’s Senior…

Stablecoin Wars Heat Up As Circle Asks Congress To Rein In Tether

thedefiant.io Representatives from Circle and Coinbase are requesting U.S. legislators to empower the Treasury Department to clamp down on USDT issuer Tether. Representatives from Circle…

Unpacking Ethereum's Future on Bankless

bankless.com This week, the with Ethereum Foundation researchers, featuring Vitalik Buterin, Justin Drake, Dankrad Feist, and more. The session covered a wide range of topics related to…

Coinbase and Circle Ask Congress To Clamp Down On Tether And Other Competitors

cryptopotato.com Representatives from crypto giants Coinbase and Circle have urged the U.S. government to crack down on non-compliant international digital asset firms – some of which…

Tether CEO says Circle director misled Congress in ‘desperation’ attack on USDT

cryptoslate.com Stablecoin issuers Tether told CryptoSlate in a Feb. 16 statement that it is actively averting the misuse of stablecoin technology by working with global law enforcement…

Bitcoin ETFs ‘spark’ Coinbase profits as COIN rallies by +10%

ambcrypto.com None Coinbase Global Inc. announced profit for the first time in two years Coinbase delivered a striking performance in Q4 of 2023, reporting a net income of $273 million.…

Crypto Ties To Terrorism ‘Overstated’ But Regulation Is Needed, Experts Tell Congress

decrypt.co U.S. Rep. French Hill (R-Ark.) did not mince words on Capitol Hill on Thursday, effectively calling out his fellow D.C. lawmakers whose “reactionary claims proved to be…

USD-Pegged Stablecoins Could Boost Dollar Dominance: Fed Governor

cryptonews.com The US Fed Governor Christopher Waller, who previously voiced cryptos are “risky,” now throws a positive stance on dollar-pegged stablecoins. Speaking at a conference in…

Stablecoins, Unstable Crypto Market Propel Coinbase Profits

pymnts.com Renewed investor enthusiasm for crypto has been good news for U.S. cryptocurrency exchange Coinbase. And while 2023 wasn’t the greatest year for crypto, it was no 2022, and…

Institutional Investors Pouring Huge Money Into Crypto

coingape.com Institutions are making waves in the crypto market, as a surge of unprecedented proportions floods into crypto exchanges. Within a mere 24 hours, a staggering $86.5 million…

Crypto exchange Coinbase posts first profit in two years on robust trading

theglobeandmail.com Coinbase Global on Thursday posted its first quarterly profit since 2021 on sturdy trading volumes due to a resurgence of interest in crypto, sending its shares up nearly 13…

House Hearing on Crypto Crime Highlights the Advantages of Crypto for All Uses, Legal and Illegal

unchainedcrypto.com The House Financial Services Committee hearing on “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity” doubled down on the “context” aspect,…

Coinbase’s Q4 Revenue and Earnings Surge, Buoyed by Strong Transaction Revenue

unchainedcrypto.com Coinbase handily beat analyst estimates for revenue and earnings for the fourth quarter as the largest crypto exchange in the U.S. benefited from higher levels of volatility…

Coinbase posts profit on robust trading, higher interest income

finance.yahoo.com Coinbase Global swung to a fourth-quarter profit, helped by strong growth in transaction volumes and higher interest income earned on its stablecoin reserves, sending the…

UPDATE 1-Coinbase posts profit on higher interest income from stablecoin reserves

finance.yahoo.com Coinbase Global swung to a profit in the fourth-quarter, helped by higher interest income that the crypto exchange earned on its stablecoin reserves and other products. The…

Coinbase posts profit on higher interest income from stablecoin reserves

aol.com Coinbase Global swung to a profit in the fourth-quarter, helped by higher interest income that the crypto exchange earned on its stablecoin reserves and other products. The…

Crypto and Money Laundering: Key Focus in Upcoming House Hearing

coingape.com The House Financial Services Committee is poised to address the intersection of cryptocurrency and illicit finance in a crucial hearing scheduled for later today. With a…

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