The Clarity Act, recently advanced by the Senate Banking Committee, restricts stablecoin providers from offering passive interest similar to bank deposits, favoring Circle's USDC which uses activity-based rewards. This legislation reduces yield competition, strengthening Circle's market position as USDC's market share has grown from 41% to 60% in a year. The Act aligns with Circle's strategy by allowing incentives tied to transaction activity rather than passive yields, supporting USDC's expansion without classifying it as a deposit. The bill now awaits a full Senate vote and further congressional approval before becoming law, potentially solidifying Circle's competitive edge in the stablecoin market.
Apple posted its best June quarter ever with strong iPhone 17 sales and $109.42 billion revenue, but faces supply constraints and one-time tariff benefits. Microsoft reported $90.01 billion revenue with Azure growing 43% and a massive $678 billion co...
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Rockwell Automation introduced TechConnectIQ Support, a new remote support service designed to help manufacturers address skills gaps, reduce downtime, and simplify software and firmware updates. This service offers 24/7 access to technical experts, ...
Dune Oil Corp has appointed Neil Maedel to its board of directors, Jordan Coleman as chief operating officer, and named Scott Lower as chief executive officer. These leadership changes bring extensive experience in capital markets, energy operations,...
Charles Schwab is expanding its crypto trading platform by adding three major altcoins: Solana, Avalanche, and Chainlink. This move responds to client demand for more established digital assets beyond Bitcoin and Ethereum. The new cryptocurrencies wi...
