Circle stock rallies 15% as Wall Street sees further upside in stablecoin adoption
Circle shares surged as analysts pointed to expanding stablecoin use cases and forecast significant upside as USDC adoption continues to gain traction. Go to Source
DIGIT
Ethics remain a sticking point as crypto market structure bill goes to markup
After months of delays, the Senate Banking Committee has set a Thursday markup for the CLARITY Act, but it would still need some Democrats’ support to pass on the Senate floor. Go to Source
Moonpay Moves Into AI-Native Trading With Dawn Labs Acquisition and Dawn CLI Launch
Moonpay revealed it acquired Dawn Labs on Monday and launched Dawn CLI, an artificial intelligence (AI)-native trading tool that converts plain English strategy descriptions into autonomous trade execution on supported venues. Moonpay Buys Dawn Labs and Pushes AI Trading Agent Dawn CLI Into Live Crypto Markets Prediction markets have grown into one of the fastest-expanding … Read more
Galaxy Digital and Sharplink Launch $125 Million Institutional DeFi Yield Fund
The two companies entered into a non-binding agreement to launch a $125 million initiative that seeks to put Sharplink’s ETH treasury to work. The company stated that the funds will be deployed across onchain liquidity strategies and in support of early-stage protocols. Sharplink and Galaxy Partner To Deploy $125M DeFi Ecosystem Liquidity Fund Decentralized finance … Read more
Solana ETF inflows show demand returning as traders eye SOL rally to $120
Solana ETFs recorded their strongest weekly inflow since February as SOL futures open interest climbed nearly 30%. Is SOL bracing for a rally to $120? Go to Source
South Koreans Pull $41B From Crypto as Bitcoin Slump Pushes Cash Into Stocks
The total value of virtual assets held by South Korean investors plummeted by over $41 billion in roughly one year, according to Bank of Korea data. Massive Capital Migration to Stocks The value of virtual assets held by domestic investors in South Korea has plummeted by more than $41 billion (60 trillion won) over the … Read more
Circle Internet Group Gains 16% as Arc Blockchain Raise Draws Blackrock and Apollo
While American bankers, lawmakers, stablecoin issuers, and crypto exchanges trade barbs, Circle investors appear entirely unbothered. Circle Internet Group (NYSE: CRCL) closed roughly 16% higher on Monday at Wall Street’s close, after the stablecoin issuer announced a $222 million pre-launch token sale for its new layer-one (L1) blockchain project, Arc, backed by Blackrock, A16z, Apollo, … Read more
OCC Gives Augustus Conditional Approval to Build AI-Native Clearing Bank in the US
The Office of the Comptroller of the Currency (OCC) has granted Augustus conditional approval to establish Augustus Bank, N.A., a clearing bank built from the ground up around stablecoin and artificial intelligence (AI) infrastructure. Augustus Clears First OCC Hurdle for AI Clearing Bank The New York-based company, formerly known as Ivy, announced the conditional approval … Read more
MoonPay makes prediction markets push with Dawn Labs buy, AI tool launch
The payments company acquired Dawn Labs for an undisclosed amount, immediately announcing the creation of an AI tool that would provide “custom strategies” for trading on prediction markets. Go to Source
Price predictions 5/11: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, HYPE, ADA
Bitcoin looks set for another blockbuster week, but potential resistance at $84,000 could complicate the rally. Will altcoin consolidation continue? Go to Source