News & Research

Circle minted 1 billion USDC on Solana today, bringing the total amount issued on the network over the past month to 7.25 billion USDC, Lookonchain reported.

Stripe has unveiled Open Issuance, a platform for creating custom stablecoins with minimal coding, and an AI commerce tool that integrates digital dollars and AI into online transactions, CoinDesk reported. The CASH token from cryptocurrency wallet provider Phantom is set to be the first token issued through the protocol. Hyperliquid's USDH and MetaMask's mUSD are also slated to be issued on the protocol.

Robinhood is considering an expansion into prediction markets outside the United States, Bloomberg reported.

Fasanara Capital has withdrawn approximately six million ASTER, valued at $11 million, from the exchange Gate.io, according to Lookonchain. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

Coinbase announced that it has added Syndicate (SYND) to its listing roadmap.

UK investment and trading platform IG Group announced it has become the first UK-listed company to obtain a cryptocurrency license from the Financial Conduct Authority (FCA).

South Korean crypto exchange Upbit has refuted a report from the Seoul Economic Daily claiming its operator, Dunamu, was test-operating a won-pegged stablecoin, KRWT. The report had alleged a collaboration with Frax Finance (FXS) and IQ on Dunamu's proprietary GIWA blockchain. In an official notice, Upbit stated it has no partnership with any project for stablecoin issuance. The exchange explained that GIWA is an open platform accessible to any developer, and that development by unrelated third parties on the network does not imply an official connection. Upbit warned that spreading false information to disrupt the market or harm investors could violate capital markets and virtual asset user protection laws. The company added that it will work closely with the relevant authorities to take necessary action against such activities.

Canadian-listed BTC ATM service provider Bitcoin Well (BTCW) plans to raise $100 million to purchase BTC, according to data from Bitcoin Treasuries.

An early investor who purchased 5.07 million HYPE nine months ago has recently sold 4.99 million of the tokens, realizing a profit of $148 million, Lookonchain reported. The investor bought the tokens at an average price of $16.23 and sold them at an average of $45.82, for a total sale value of $228 million.

An address believed to belong to Tether, the issuer of the world's largest stablecoin USDT, purchased 8,888.889 BTC worth $1 billion a short while ago, Onchain Lens reported.