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AC Crypto

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Circle took no action to freeze $285M in stolen USDC after the Drift hack. ZachXBT published on-chain data showing $420M in USDC compliance failures since 2022.

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Square auto-enabled Bitcoin payments at point of sale for eligible US merchants. No manual setup required. One of the largest POS networks in the country now accepts BTC by default.

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Strategy filed plans to raise an additional $44.1B for Bitcoin purchases, bringing total planned buying capacity back to $42B.

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Coinbase and Apex Group tokenized a Bitcoin Yield Fund on Base. The product brings on-chain access to institutional Bitcoin yield strategies.

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USDC overtook USDT in adjusted YTD trading volume for the first time since 2019, per Mizuho. The tokenized Treasuries market hit a record $11B, with Circle surpassing BlackRock as the top issuer.

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BlackRock's staked Ethereum ETF saw $15.5M in trading volume on its debut. ETH is at $2,105, up 3.6% in the past 24 hours.