News
12 Aug 2025, 20:50
Circle’s USDC Circulation Tops $65B as Stablecoin Adoption Grows
USDC circulation grew 90% YoY to $61.3B, reaching $65.2B in August. Revenue and adjusted EBITDA rose 53% and 52% respectively in Q2. Circle launched Arc blockchain and expanded partnerships post-IPO. Circle, the issuer of the USDC stablecoin, has released its financial results for the second quarter of 2025, marking its first report since going public. At the end of the quarter, USDC circulation reached $61.3 billion, a 90% increase from the previous year. By August 10, this figure had grown by another 6.4% to $65.2 billion. Total revenue and reserve income rose 53% year-over-year to $658 million, while adjusted EBITDA increased 52% to $126 million. However, the company recorded a net loss of $482 million, primarily due to non-cash expenses related to its initial public offering (IPO), totaling $591 million. Of this amount, $424 million was stock-based compensation, and $167 million resulted from an increased fair value of convertible debt due to the rising share price. “I’m proud of Circle’s performance in the second quarter, our first as a public company, where we demonstrated sustained growth and adoption of our platform across a multitude of use cases and with a diverse set of industry-defining partners,” said Jeremy Allaire, Co-Founder, Chief Executive Officer and Chairman at Circle. He added that the successful IPO in June was “a turning point not only for Circle but for the broader adoption of stablecoins.” Notably, BitMEX co-founder Arthur Hayes described Circle's IPO as the beginning of a “stablecoin mania.” Key corporate highlights for the quarter include: A $1.2 billion IPO, with 39.1 million shares sold (19.9 million newly issued) at $31 per share, generating net proceeds of $583 million after underwriting expenses; The launch of the Circle Payments Network in May, attracting over 100 financial institutions; Introduction of Arc, an open layer-1 blockchain designed for stablecoin-based financial services, utilizing USDC as its native gas token; Partnerships with Binance, Corpay, FIS, Fiserv, OKX, and others to expand USDC’s presence across banking, payments, and crypto services. Additionally, Circle celebrated U.S. President Donald Trump signing the GENIUS Act, which established federal regulation for payment stablecoins and reinforced Circle’s leadership in the industry.
12 Aug 2025, 20:50
21SHARES FILES AMENDED S-1 FOR SUI ETF
21SHARES FILES AMENDED S-1 FOR SUI ETF $SUI #Sui
12 Aug 2025, 20:50
Ex-Binance Dealmaker Joins Hilbert Group to Launch Tokenized Funds Platform
Ex-Binance Dealmaker Joins Hilbert Group to Launch Tokenized Funds Platform Former Binance executive Ryan Horn has joined the advisory board of Hilbert Group, a Sweden-based publicly listed digital asset manager, to support the rollout of Syntetika , its onchain platform for tokenized assets and funds. At Binance, Horn secured high-profile partnerships, including a deal with football star Cristiano Ronaldo. Hilbert’s Strategy for Digital Asset Management Hilbert Group specializes in crypto-focused investment products for institutional and professional investors. The company uses algorithmic trading strategies within a traditional asset management framework, applying regulated oversight and fund governance to digital markets. Syntetika: Regulated Tokenized Funds Syntetika will issue and trade tokenized funds under regulatory oversight. It will integrate Galactica’s zero-knowledge technology to verify users without exposing personal data, giving investors blockchain-based access to Hilbert’s strategies. Hilbert CEO Barnali Biswal said Horn’s mission is to “unite tokenized economies with tangible outcomes,” reflecting a growing push to connect blockchain innovation with mainstream financial applications. Tokenization Momentum in Global Finance The tokenization trend is gaining traction among traditional finance firms. In July, Goldman Sachs and BNY Mellon revealed plans to offer institutional clients tokenized money market funds with blockchain-based ownership tracking and 24/7 settlement. That same month, French fintech Spiko raised $22 million to expand tokenized fund access in the US and EU, while eToro announced plans to launch tokenized versions of 100 US stocks as ERC-20 tokens on Ethereum. Crypto-Native Firms Entering TradFi In June 2025, Robinhood launched an Arbitrum-based blockchain platform offering tokenized US stocks and ETFs to European investors, a move that triggered legal scrutiny over ownership rights. Coinbase also filed with the US SEC to offer tokenized stock trading under regulated frameworks. Meanwhile, Backed Finance’s xStocks platform listed over 60 tokenized US stocks on Kraken and Bybit, giving global investors blockchain-based access to blue-chip equities.
12 Aug 2025, 20:48
Bitcoin May Gain Traction Above $120,000 as Ether and Other Altcoins Show Strength
Bitcoin is poised for potential gains above $120,000, driven by strong institutional demand for Ethereum and positive market sentiment. Bitcoin finds support at lower levels, but may face strong selling
12 Aug 2025, 20:47
ETH Nears $4,500 as Its Biggest Whale BitMine Unleashes $20B War Chest to Buy More Ethereum
BitMine Immersion Technologies is raising the stakes in the Ethereum market, filing with the U.S. Securities and Exchange Commission (SEC) to expand its at-the-market equity offering by a massive $20 billion. The move boosts the company’s total stock sale capacity to $24.5 billion, with much of the proceeds expected to be used for additional ETH purchases. The Delaware-based crypto mining and Ethereum treasury firm first announced a $2 billion offering on July 9 through Cantor Fitzgerald and ThinkEquity. That figure jumped to $4.5 billion on July 24. BitMine ($BMNR) just filed to expand its at-the-market equity program by $20B, a 5x increase in issuance capacity, to fund more ETH purchases. Prior authorized: $4.5B New supplement: +$20B Total capacity: $24.5B pic.twitter.com/DdFMiwesBk — matthew sigel, recovering CFA (@matthew_sigel) August 12, 2025 The latest supplement represents a fivefold increase in its share sale capacity, marking one of the largest equity raise expansions seen in the crypto sector. Corporate ETH Buying Turns Strategic as BitMine Targets Validator Infrastructure The company said the fresh capital may also be used to buy Bitcoin and expand its mining and consulting operations, but Ethereum remains its clear focus. BitMine’s common stock trades on the NYSE American under the ticker BMNR, closing at $58.98 on August 11. Under the updated plan, sales will be conducted through an at-the-market offering, with Cantor acting as the sole designated sales agent. The firm will pay up to a 3% commission on gross proceeds. While BitMine’s prospectus leaves room for debt repayment, buybacks, and business expansion, it also explicitly states that proceeds could fund further Ethereum acquisitions, as well as Bitcoin purchases and mining infrastructure. The company’s appetite for Ether has already made headlines. Between July 9 and July 25, BitMine acquired 566,776 ETH, worth around $2.03 billion , in just 16 days. BitMine has emerged as the largest corporate holder of Ether after acquiring more than $2 billion worth of ETH in just over two weeks. #BitMine #Eth https://t.co/9sLlsmr7KB — Cryptonews.com (@cryptonews) July 25, 2025 That aggressive buying spree pushed its holdings past 625,000 ETH by the end of July, valued at $2.3 billion. However, that haul has already grown past 1.2 million ETH, worth roughly $5 billion, cementing BitMine’s position as the largest corporate holder of the asset. The firm has publicly set a target of acquiring and staking 5% of the total Ether supply, which at current estimates would be about six million ETH, worth roughly $22 billion. This ambition, if achieved, would make BitMine’s Ethereum stash even larger, in proportional terms, than Strategy’s famed Bitcoin holdings. Speaking to CryptoNews, Sammi Li, co-founder and CEO of JuCoin, said the impact could be dramatic. “BitMine accumulated $2.9 billion in ETH within weeks, and prices rose. A sudden $20 billion deployment would definitely create supply shocks, especially with corporate staking removing liquid supply from circulation,” Li noted. She added that corporate adoption of ETH is no longer purely speculative. “Companies aren’t just holding it hoping the price goes up. They’re actually using it. SharpLink stakes 95% of their holdings, and BitMine is building validator infrastructure. When a hardware company adds ETH to their R&D budget, they see it as operational infrastructure,” Li said. BitMine’s Billion-Dollar ETH Grab Could Redefine Price Discovery, Analyst Warns BitMine’s buying spree comes alongside other market moves. On July 23, its common stock began trading as listed options on the NYSE American under the ticker BMNR, giving investors new ways to gain exposure to the company’s performance. @BitMNR launches options trading on the NYSE, expanding investor access to its ETH-focused growth strategy. #Crypto #ETH https://t.co/Z8mMAD6TJo — Cryptonews.com (@cryptonews) July 23, 2025 Days later, on July 29, BitMine launched a $1 billion stock buyback program , showing confidence in its equity even as it gears up for more ETH purchases. @BitMNR has approved a $1B stock buyback program while holding 625K ETH worth $2.3B, supporting its strategy to acquire 5% of ETH supply. #Ethereum #BitMine https://t.co/p95wHhsv4D — Cryptonews.com (@cryptonews) July 29, 2025 The strategy appears designed to lock up large amounts of ETH in staking contracts, reducing available supply for traders and potentially influencing price discovery. “Volatility might spike around corporate earnings, but the underlying dynamic favors stability,” said Li. The scale of the potential buy is unprecedented, as a $20 billion acquisition at current prices represents roughly 4% of Ethereum’s circulating supply, far exceeding liquidity on centralized exchanges. OTC channels and accumulation strategies are expected to minimize slippage, but anticipation alone could lift ETH prices in the short term. If much of this ETH is staked, analysts suggest it could accelerate the “digital oil” narrative that is gaining traction among corporate treasuries. Temujin Louie, CEO of Wanchain, noted while speaking with CryptoNews that even if the purchase itself doesn’t trigger a supply squeeze, the psychological impact on the market could be major. Li agrees, framing BitMine’s approach as “permanent capital removal” that shifts Ethereum’s price discovery toward fundamentals rather than speculative sentiment. The market will now be watching how quickly BitMine deploys its war chest and whether its strategy sparks a structural change in ETH liquidity and valuation. Ethereum Nears Record High as Corporate Buying Wave Lifts Price Above $4,400 Ether’s price surge has been fueled by a wave of corporate adoption, with publicly traded firms increasingly adding ETH to their treasuries. The token has climbed over 21% in the past week, trading at $4,408 at press time, just 9% shy of its November 2021 all-time high of $4,890. Source: CryptoNews The rally is being driven by a new wave of corporate adoption, with publicly traded firms rapidly building Ethereum treasuries, a strategy reminiscent of Michael Saylor’s Bitcoin accumulation playbook. Several newly formed Ethereum treasury companies have raised and deployed billions of dollars into ETH over recent weeks, intensifying market momentum. Analysts say the trend could reshape Ethereum’s volatility profile. “Volatility will always exist in crypto. It’s part of the DNA of this market,” said Asim Sarwar, advisor at Vault PLC, which is also building an ETH treasury. “But as large whales and institutions keep accumulating, some of those sharp swings could start to dull. Long-term holdings through staking or treasury positions mean less ETH is actually in play on exchanges.” Over the next 6–12 months, Sarwar expects fewer dramatic downside moves due to reduced liquidity for panic selling, though upside moves could become more explosive when demand spikes against a thinner market. Li said these equity-funded purchases are “not leveraged speculation” and should ultimately reduce volatility. Ethereum last crossed $4,350 in 2021, but the renewed buying spree has pushed it firmly back into that range. BitMine now leads all corporate holders, surpassing the 1 million ETH milestone after acquiring an additional 317,000 ETH on Monday, bringing its total to 1.15 million ETH, worth $5 billion. Source: StrategicEthReserve.xyz It’s trailed by Joe Lubin’s SharpLink with 598,800 ETH ($2.6 billion) and The Ether Machine with 345,400 ETH ($1.5 billion), according to The Block. Outside of public companies, the Ethereum Foundation holds 232,600 ETH ($1 billion), while Coinbase’s reserves stand at 136,800 ETH ($588.8 million) alongside 11,776 BTC ($1.4 billion). In total, corporate and entity holdings tracked by SΞR amount to 3.57 million ETH, or 2.95% of the entire supply. The post ETH Nears $4,500 as Its Biggest Whale BitMine Unleashes $20B War Chest to Buy More Ethereum appeared first on Cryptonews .
12 Aug 2025, 20:45
Ethereum Price Explodes Past $4,600: What’s Driving This Amazing ETH Price Surge?
BitcoinWorld Ethereum Price Explodes Past $4,600: What’s Driving This Amazing ETH Price Surge? The cryptocurrency world is buzzing with excitement! The Ethereum price has recently captivated investors, soaring past the significant $4,600 mark on Binance. This remarkable ETH price surge is a major highlight, demonstrating robust bullish momentum for the second-largest cryptocurrency by market capitalization. It signals strong investor confidence and highlights the dynamic nature of the digital asset space. This exciting development on Binance has many wondering about the forces driving such an impressive rally. What’s Fueling This Remarkable ETH Price Surge? Several key factors contribute to Ethereum’s recent upward trajectory. Understanding these elements helps us grasp the broader market sentiment and the intrinsic value proposition of Ethereum. The ecosystem’s continuous development and growing utility play a crucial role in its valuation. Network Upgrades: Ongoing developments, particularly around the transition to Ethereum 2.0 (now known as the Consensus Layer upgrade), promise increased scalability, security, and sustainability. These upgrades are vital for future growth and adoption. Decentralized Finance (DeFi) Growth: Ethereum remains the backbone of the DeFi ecosystem. As more innovative applications and protocols emerge, demand for ETH to power these platforms naturally increases. NFT Market Boom: The non-fungible token (NFT) market, largely built on Ethereum, continues to attract significant attention and capital. This sustained interest drives transactional volume and demand for ETH. Broader Market Sentiment: A general bullish trend across the wider cryptocurrency market often lifts major assets like Ethereum. Bitcoin’s performance, for instance, frequently influences altcoin movements. These combined forces create a compelling narrative for Ethereum, pushing its value higher and attracting new participants to the network. How Does Binance Influence the Ethereum Price? Binance, as one of the world’s largest cryptocurrency exchanges, plays a pivotal role in price discovery and liquidity for assets like Ethereum. The trading activity on Binance reflects global demand and supply dynamics. When we observe Binance ETH trading volumes increasing alongside price appreciation, it indicates significant buying pressure originating from a vast user base. High liquidity on platforms like Binance allows large trades to occur with minimal price slippage, which is attractive to both retail and institutional investors. The accessibility of ETH on such a prominent exchange also broadens its reach, making it easier for new investors to enter the market and participate in its growth. This accessibility contributes directly to sustained demand. Navigating the Volatile Cryptocurrency Market While the recent Ethereum price surge is exciting, it is crucial to approach the cryptocurrency market with a clear understanding of its inherent volatility. Prices can fluctuate rapidly, and past performance does not guarantee future results. Investors should always conduct thorough research and consider their risk tolerance before making any investment decisions. Understanding market cycles and macroeconomic factors is also key. Global economic conditions, regulatory news, and technological advancements can all impact crypto prices. Staying informed is your best defense against unexpected market shifts. Diversification within your crypto portfolio can also help mitigate risks. Actionable Insights for Successful Crypto Trading For those engaged in crypto trading , especially with assets like Ethereum, adopting a strategic approach is essential. Here are some actionable insights to consider: Stay Informed: Regularly follow reliable cryptocurrency news sources and market analysis. Knowledge is power in this fast-paced environment. Risk Management: Never invest more than you can afford to lose. Consider setting stop-loss orders to limit potential downsides. Long-Term vs. Short-Term: Decide if you are looking for short-term gains or long-term investment. This will influence your trading strategy. Utilize Tools: Use technical analysis tools and indicators to identify potential entry and exit points. These practices can help you make more informed decisions and potentially capitalize on market movements while managing risk effectively. The recent surge of Ethereum price past $4,600 on Binance underscores its resilience and growing importance within the digital economy. Driven by strong fundamentals, network advancements, and increasing adoption in DeFi and NFTs, Ethereum continues to demonstrate its potential. While the cryptocurrency market remains dynamic and unpredictable, Ethereum’s current trajectory highlights a period of significant positive momentum. As investors navigate this exciting landscape, staying informed and practicing sound risk management remain paramount. Frequently Asked Questions (FAQs) Q1: Why did Ethereum’s price exceed $4,600 on Binance? A1: The surge was driven by a combination of factors including ongoing network upgrades (Ethereum 2.0), the growth of the Decentralized Finance (DeFi) ecosystem, the booming NFT market, and overall positive sentiment in the broader cryptocurrency market. Q2: What is the significance of Ethereum reaching this price point? A2: Reaching this price point signifies strong investor confidence in Ethereum’s technology and future potential. It also reflects increased adoption and utility across various blockchain applications like DeFi and NFTs. Q3: How do network upgrades impact Ethereum’s value? A3: Network upgrades, particularly those aimed at improving scalability, security, and sustainability (like the transition to Ethereum 2.0), enhance Ethereum’s long-term viability and appeal, which can positively influence its market value. Q4: Is it safe to invest in Ethereum given its volatility? A4: Like all cryptocurrencies, Ethereum is subject to significant price volatility. While it offers potential for high returns, it also carries substantial risk. It’s crucial to conduct thorough research, understand market dynamics, and only invest what you can afford to lose. Q5: What role does Binance play in Ethereum’s price discovery? A5: Binance, as a leading global exchange, provides high liquidity and a vast user base, which are crucial for price discovery. High trading volumes on Binance for ETH indicate strong buying interest and contribute to its market price. Q6: What are some key considerations for crypto trading? A6: Key considerations for successful crypto trading include staying informed about market news, implementing robust risk management strategies (like stop-loss orders), defining your investment horizon (short-term vs. long-term), and utilizing technical analysis tools. Did you find this analysis helpful? Share this article with your friends and fellow crypto enthusiasts on social media to help them understand the exciting movements in the Ethereum market! To learn more about the latest Ethereum price trends, explore our article on key developments shaping Ethereum price action. This post Ethereum Price Explodes Past $4,600: What’s Driving This Amazing ETH Price Surge? first appeared on BitcoinWorld and is written by Editorial Team
