USDC Bridge Launches for EVM Cross-Chain Transfers
Circle’s USDC Bridge launched, enabling 1:1 cross-chain transfers via CCTP, processing $600M in 24 hours. CCTP V1 phases out by July 31, 2026. #Update #Crypto $USDC
Circle
Circle Faces $280M Lawsuit Over Drift Hack
@Circle faces a class action lawsuit over alleged negligence during a $280 million hack of Drift Protocol, with plaintiffs seeking damages for the $230 million USDC transfer that occurred without intervention. #Breaking #Legal $USDC
Tether Funds Drift $148 Million After Exploit
@DriftProtocol secures $147.5M from Tether to relaunch as a USDT-based exchange after a $270M exploit, replacing USDC amid rising stablecoin competition. #Update #Crypto $USDT
Yuan-Based Stablecoin Launches CEO Circle Insights
@Circle’s CEO Jeremy Allaire forecasts a yuan-backed stablecoin within 3-5 years, highlighting Hong Kong’s role in cross-border payments and the evolving tech competition among currencies. #Update #Crypto $USDC
Circle Sued Over $280M Hack Claims
Circle (CRCL) is being sued over a $280M hack involving Drift Protocol, with plaintiffs alleging negligence. #Breaking #Legal
Arc Blockchain Launches Native Token and PoS Shift
@Circle’s CEO Jeremy Allaire announced a native token launch and transition to Proof-of-Stake for the Arc blockchain, designed for institutional clients and quantum resilience. Major financial institutions will serve as validators. #Update #Crypto $USDC
Clearbank Europe Secures EU Crypto License
Clearbank Europe becomes the first Dutch credit institution to complete MiCA’s CASP notification, enabling EURC and $USDC stablecoin services in the EU. #Update #Crypto $USDC
Circle Launches USDC Payments for Banks
Circle launches CPN Managed Payments, enabling banks and PSPs to settle in $USDC without holding crypto. Partners include Thunes and Worldline. #Update #Crypto $USDC
Arc Blockchain Secures Against Quantum Threats
@Circle’s Layer-1 blockchain Arc will launch with quantum-resistant features, enabling secure wallet creation against future quantum threats; mainnet timeline not disclosed. #Update #Crypto $USDC
USDC Freeze Sparks 16 Wallet Controversy
Onchain investigator ZachXBT reports Circle failed to promptly freeze $420M in illicit USDC flows since 2022, missing hacks, including a $232M Drift Protocol exploit. #Breaking #Crypto $USDC
Circle Faces Backlash After $285M Drift Hack
@Circle is facing criticism after the $285 million Drift hack, as $71 million in USDC was stolen and moved using its cross-chain protocol, raising questions about its response to illicit activity. #Breaking #Crypto $USDC (-8) ↘
Circle Faces $420M AML Violation Accusation
On-chain detective ZachXBT accuses @Circle of compliance failures, alleging $420M in USDC remained unfrozen post-cyberattacks since 2022, raising AML concerns. #Breaking #Crypto $USDC
Bitcoin Launches Real-Time Reserve Verification
Circle introduces cirBTC, a wrapped bitcoin product with real-time onchain reserve verification, expanding beyond stablecoins. Launch pending regulatory approval. #Update #Crypto $BTC
Crypto CLARITY Act Threatens DeFi Yield Growth
The Clarity Act’s stablecoin rules may hinder DeFi by banning yield on stablecoin balances, impacting platforms like @Uniswap and @Aave, while benefiting infrastructure players like Circle. #Update #Crypto $UNI $AAVE