Circle has raised $222 million to develop Arc, its own layer-one blockchain designed to host its USDC stablecoin as the native asset. This move shifts Circle from just issuing stablecoins to owning the infrastructure they settle on, creating a potential conflict of interest since Circle could prioritize its own stablecoin over competitors on Arc. Current stablecoin regulations like the GENIUS Act do not address this issue, as they focus on the coin issuer but not on ownership of the settlement network. Regulators face pressure to establish rules ensuring neutrality and fair governance for such blockchain infrastructure before Arc becomes widely adopted and difficult to regulate.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Experian PLC started its 2027 financial year with a 10% revenue increase in the first quarter, driven by strong demand in North America and Latin America. Organic growth was 7%, with North America growing 7% despite a 2% drop in consumer services due...
Gooch & Housego, a UK-listed photonics company specializing in precision optics for aerospace and defence, has agreed to a £345.6 million takeover by US private equity firm Arlington Capital Partners. The offer values the company at a 41.3% premium t...
Aave DAO has proposed an innovative mobile app that integrates fiat currency deposits, self-custody, and decentralized finance (DeFi) lending in one platform. This app allows users to convert fiat to stablecoins and earn yields without needing extern...
Analysts expect Netflix to report $12.6 billion in revenue for Q2 and $51.3 billion for the full year 2026. The operating margin forecast has been revised down from 33% to 32% due to anticipated higher expenses, with an expected operating profit of $...
