Tether Challenges Circle with $127M Drift Rescue
@Tether has initiated a $127.5 million recovery plan for Drift Protocol, shifting its ecosystem from USDC to USDT, challenging Circle’s dominance on Solana #Update #Crypto $USDT
USDC
Stablecoins Surge as Morgan Stanley Launches Portfolio
Morgan Stanley launches Stablecoin Reserves Portfolio requiring a $10M buy-in, aligning with US stablecoin regulations. The fund targets stablecoin issuers for capital preservation and daily access. #Update #Crypto
Aave V3 Boosts USDC Rates Post Exploit
Circle’s Chief Economist proposes raising USDC’s Aave V3 Slope 2 rate to 50% after a $292M KelpDAO exploit drained liquidity. AAVE token fell 20-26%.
USDT to USDC Shift Boosts Pornhub Payments
@Pornhub has switched from $USDT to $USDC for payments, citing enhanced reliability and regulatory compliance. This reflects ongoing competition among stablecoins in the crypto market. #Update #Crypto $USDC
USDC Access Expands Amid Asia Demand
@OSL and @Circle expand $USDC access for trading, payments, and settlement in Asia amid rising cross-border demand. Eligible clients gain enhanced utility through USDC-based services. #Update #Crypto $USDC
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
Y Combinator Invests in Stablecoin Startup
Y Combinator invests $500K in Totalis using $USDC via Solana, marking its first all-stablecoin deal, highlighting faster blockchain funding. #Update #Crypto $USDC
Hyperliquid Bullishness Surges Amid Market Shift
Crypto whales, including Arthur Hayes, are accumulating Hyperliquid’s HYPE token, boosting its price by 12% this week. An upcoming Hyperliquid ETF further fuels bullish sentiment. #Update #Crypto
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
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
XRP Investors Eye $13 Trillion Surge
Ripple CEO Brad Garlinghouse highlights a $13 trillion opportunity for $XRP and stablecoins in blockchain payments, emphasizing crypto’s role in transforming global finance. #Update #Crypto $XRP
Bitcoin Analyst Reveals October 10 Crash
Veteran Bitcoin evangelist Davinci Jeremie blames the Trump family, not Binance, for the October 10, 2025 crypto crash, citing long-term wealth strategies. #Update #Crypto $BTC
Circle Soars 100% in One Month
Circle’s stock surged 100% in a month, reaching $124.37, amid bullish analyst upgrades and growing demand for its USDC stablecoin, benefiting from macroeconomic trends. #Update #Crypto $USDC
Tether Retains Cash as USDC Dominates Crypto Transactions
Circle’s $USDC surpasses Tether’s $USDT in transfer volume for the first time, accounting for 64% of stablecoin transactions, signaling a shift in market dynamics. #Update #Crypto $USDC