Circle's president testified before the US House Financial Services Committee, urging America to lead in digital finance by adopting stablecoins as the backbone of global dollar payments. Circle's USDC stablecoin, valued around $70-75 billion, is already aligned with the GENIUS Act, the first federal framework for payment stablecoins that enforces standards starting January 2027. With regulatory approvals secured and growing use beyond speculation into cross-border and corporate payments, Circle aims to solidify USDC's role amid rising competition from consortia like Open USD and bank-issued stablecoins. The upcoming enforcement of the GENIUS Act will be critical for market consolidation.
Polestar reported disappointing Q2 results with an 8% decline in revenues and falling delivery volumes, leading to significant losses. The company faces ongoing cash burn, a negative working capital exceeding $4.7 billion, and a weak balance sheet de...
Solana (SOL) surged 5.31% to $104.98 following a breakout from a cup-and-handle pattern, signaling strong buyer interest and a possible rise to $500. Trading volume increased by 12.10%, and open interest rose, indicating growing speculative activity....
U.S. spot Bitcoin ETFs recorded $731 million in net inflows on September 3, their largest single-day inflow since January. BlackRock’s iShares Bitcoin Trust (IBIT) led with $454 million, followed by ARKB with $138 million and Fidelity’s FBTC with $74...
Nissan is rolling out AI-powered autonomous mobile robots (AMRs) at its Smyrna, Tennessee factory to transport heavy loads up to 4,190 pounds. These robots can recharge themselves, communicate to avoid traffic jams, and call for backup if needed, rep...
ON Semiconductor is focusing on physical AI by enhancing its semiconductor capabilities in power, sensing, and control, crucial for robotics and automation. The proposed acquisition of Synaptics will fill gaps in edge computing and tactile sensing, m...
