12 Aug 2025, 13:16

Investors Shift Focus to Ethereum as Solana Meme Coins Struggle Amid Market Changes

Investors are currently reallocating funds into quality assets like Ethereum, while Solana meme coins are experiencing significant declines. Solana meme coins have dropped by 8.5% today, underperforming the broader crypto

12 Aug 2025, 13:16

Circle Debuts Layer-1 Blockchain Arc Using USDC for Native Gas

Circle Internet Group, Inc. (NYSE: CRCL) has unveiled Arc, an open Layer-1 blockchain designed specifically for stablecoin finance, marking what the company calls a “defining moment” in its step toward developing a full-stack internet financial platform. gm @arc The open blockchain designed for stablecoin finance https://t.co/dSOzO3FkGY — Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) August 12, 2025 The announcement came alongside Circle’s fiscal Q2 2025 results, which highlighted substantial growth in its core business. Circle reports USDC in circulation surged 90% year-over-year to $61.3 billion, reaching $65.2 billion as of August 10, 2025. Total revenue and reserve income grew 53% to $658 million, while adjusted EBITDA climbed 52% to $126 million. The company posted a net loss of $482 million, primarily due to $591 million in non-cash charges tied to its June IPO. That offering raised $1.2 billion, with 19.9 million newly issued shares sold at $31 each, generating $583 million in net proceeds. CEO Jeremy Allaire describes the IPO as a “pivotal moment” not only for Circle but for the broader adoption of stablecoins, noting accelerating interest from global financial institutions and internet companies. Introducing Arc: Purpose-Built for Stablecoin Finance Arc represents Circle’s most ambitious infrastructure initiative to date. Built as an enterprise-grade blockchain, Arc will support stablecoin payments, foreign exchange, and capital markets applications. The EVM-compatible network uses USDC as its native gas token and features an integrated stablecoin FX engine, sub-second settlement, and opt-in privacy controls. Planned for public testnet launch this fall, Arc will be fully integrated with Circle’s existing platform and interoperable with dozens of partner blockchains. Allaire explains Arc will offer “a foundation for the next generation of internet finance,” giving developers and institutions purpose-built tools for stablecoin-based commerce. Payment Capabilities The Arc announcement follows the May launch of the Circle Payments Network, a platform allowing financial institutions to send and receive stablecoin payments. Circle reports more than 100 institutions are in the onboarding pipeline. Partnerships span digital asset platforms, banking providers, and payment processors, including Binance, Corpay, FIS, Fiserv, and OKX. Circle is making a push to embed USDC more deeply into global payment flows, cross-border transactions, and capital markets infrastructure. Allaire stressed that stablecoins are moving beyond niche crypto use cases into “every significant sector of the financial industry.” Vision for the Internet Financial System With Arc, Circle said it aims to close the gap between stablecoin adoption and the infrastructure needed for large-scale, compliant, and efficient use. By making USDC the native gas token and integrating foreign exchange functionality directly into the blockchain layer, Circle is positioning Arc as a ready-made environment for enterprises that want speed, stability, and regulatory clarity. “Our goal is to deliver a full-stack platform for the internet financial system,” Allaire said. “Arc is a key piece of that vision, and we believe it will accelerate the shift to a stablecoin-powered global economy.” Circle Launches Native USDC and CCTP V2 on Hyperliquid In July, Circle announced that its native USDC and Cross-Chain Transfer Protocol (CCTP) V2 will soon launch on Hyperliquid, a trading platform designed for decentralized finance. In a blog post , the firm reports a surge in Hyperliquid’s total assets under management (AUM), which recently topped $5.5 billion, up from under $4 billion earlier this month. The post Circle Debuts Layer-1 Blockchain Arc Using USDC for Native Gas appeared first on Cryptonews .

12 Aug 2025, 13:15

Jack Dorsey’s Block gets $19.2 million boost from Cathie Wood's Ark Invest buys

Ark Invest has purchased 262,463 Block shares worth $19.2 million after an extended period of selling. Cathie Wood’s firm now holds 2.6 million Block shares valued at $193 million. Ark Invest stock closed at $73.03 on Monday. Ark Invest has been on a selling spree recently, with the most recent dump of 415K Circle shares. Ark Invest stock is trading at $75.23 with a 0.47% positive change over the past 24 hours. Block closed at 73.03 on Monday, marking the lowest level since July 18, and a 0.49% daily drop. It has, however, surged 6.3% over the past month. Cathie Wood’s Ark Invests doubles down on Block’s Bitcoin-centric model The purchase happened over three of ARK’s exchange-traded funds (ETFs). The ARK Innovation ETF (ARKK) bought 152,980 shares, the ARK Next Generation Internet ETF (ARKW) purchased 69,526 shares, and lastly, the ARK Fintech Innovation ETF (ARKF) bought 39,957 shares, cumulatively purchasing 262,463 shares of the Block. Cathie Wood’s investment firm now holds a total of 2.6 million shares of Block valued at around $193 million. The ARKK holds the most significant portion, with 1.34 million shares worth around $97.7 million, while ARKF and ARKW share the remaining 1.3 million shares. The recent purchase has broken Ark Invest’s extended bearish streak. In July alone, the investment firm sold 551,834 Block shares, worth $40.3 million today. ARK Invest also sold 415,844 Circle shares on July 23, valued at $109.6 million, complementing its long selling streak, bringing the total to 1.25 million shares by then. Circle had experienced a nearly 250% stock surge since its public debut in May, prompting the Ark investment firm to take significant profits from the sale. The investment firm reinvested most of the proceeds into AMD, Airbnb, and Shopify across its multiple ETFs. Last week, it dumped 279,047 shares for $22 million. The recent acquisition was prompted by Cathie Wood’s support for Block’s strategy of integrating Bitcoin into its Cash App platform. Jack Dorsey, chairman of Block, has spearheaded the integration of Bitcoin into the financial services firm ecosystem to enable its users to buy, sell, and store BTC. Wood consistently shows that Bitcoin and blockchain technology are transformative forces in the financial sector. Her latest acquisition of the Block’s shares confirms the firm’s commitment to backing emerging disruptive technologies. Dorsey reaffirms Block will fully integrate Bitcoin across its products Dorsey reiterated Block’s commitment to Bitcoin, saying it will fully incorporate the digital asset into its products. Some analysts have commented that the acquisition could reignite institutional confidence in Bitcoin-centric fintech models and potentially inspire mainstream adoption. Block reported its Q2 earnings last week, showing strong results. It posted $2.54 billion in profits, a 14% rise on year-over-year gross profit. Cash App was the main driver of the Q2 results, generating $1.5 billion in gross profit, while Bitcoin accounts generated $8 million. Despite the positive results, Block’s stock suffered a nearly 8% drop after the announcement. The stock has also remained down by 21% since January. Dorsey’s firm is also reportedly planning to roll out a suite of banking software tailored to small and medium-sized enterprises, with initial integrations targeted for the end of 2025. The company aims to expand its business reach with increased cryptocurrency capabilities. Some market analysts have revealed that Ark Invest’s new acquisition of Block’s shares could increase the liquidity and visibility of Block’s stock. The analysts noted that the firm’s Bitcoin-centric model could be the key driver. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

12 Aug 2025, 13:15

180 Life Sciences holds 82,186 ETH

More on 180 Life Sciences 180 Life Sciences drops 4%, closes $425M private placement Financial information for 180 Life Sciences

12 Aug 2025, 13:15

Hard Assets Trounce Fiat: Gold Up 32%, Silver 31%, Bitcoin 23% YTD as Dollar Sinks

Gold, silver, and Bitcoin surge as investors seek protection from dollar weakness. Markets see 90% chance of September Fed rate cut amid cooling inflation signals. U.S.-China trade talks and tech export deals may sway Fed policy direction ahead. Gold, silver, and Bitcoin are all posting massive year-to-date gains in what looks like a clear shift away from paper currency and toward hard assets. This trend is heating up as the U.S. dollar is under pressure ahead of a critical inflation data report later today that could influence the Federal Reserve’s next move on interest rates. Commodities Outshine as Currency Loses Ground According to CryptoQuant recent market data, gold is up 32.47% this year, with silver close behind at 31.77%. Bitcoin, despite its recent volatility, has climbed 23.34%. In sharp contrast, the U.S. dollar has lost 9.53% of its value over the same period. https://twitter.com/cryptoquant_com/status/1955195670945534205 On Monday, gold traded at $3,346.71 per ounce, edging up by $2.60. Prices fluctuated between $3,344 and $3,356 during early trading. Silver stood at $37.75 per ounce, adding $0.06 and showing mild intraday volat… The post Hard Assets Trounce Fiat: Gold Up 32%, Silver 31%, Bitcoin 23% YTD as Dollar Sinks appeared first on Coin Edition .

12 Aug 2025, 13:13

Stablecoin Issuer Circle Unveils Enterprise-Focused Layer-1 Blockchain Project! Details Here

Stablecoin issuer Circle has officially announced Arc, its next-generation blockchain project designed for enterprise-grade financial transactions. Circle Unveils “Arc,” Its Enterprise-Focused Layer-1 Blockchain Developed as an open-source Layer-1 network, Arc aims to offer high scalability and reliability for stablecoin payments, foreign exchange (FX) transactions, and capital markets applications. Compatible with the Ethereum Virtual Machine (EVM), Arc will allow developers to easily integrate their existing Ethereum-based applications. One of the network's most notable features is the use of USDC as the native gas token for transaction fees. This allows users and institutions to simplify their payment processes by paying fees directly with the stablecoin. Circle plans to launch Arc's public testnet in the fall of this year. Following the testnet phase, the mainnet is expected to become a key infrastructure, particularly for global payment providers, banks, and large-scale financial institutions. The project is expected to expand USDC's use in various financial areas, such as payments, trading, and asset transfers. Circle officials state that Arc will make stablecoin-based financial solutions more efficient in terms of both speed and cost. In the long term, Circle aims to position Arc as an attractive ecosystem not only for enterprise use but also for developers and fintech startups. This move is strategically important as it strengthens the company's position in the global stablecoin market. *This is not investment advice. Continue Reading: Stablecoin Issuer Circle Unveils Enterprise-Focused Layer-1 Blockchain Project! Details Here