Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Circle launches cirBTC on Ethereum to rival Coinbase in wrapped bitcoin market

Market News
09 Jun 2026
Coindesk
View Source
Bullish
pluang ai news

Circle has introduced cirBTC, a wrapped bitcoin token on Ethereum backed 1:1 by bitcoin, aiming to compete with Coinbase's synthetic BTC offerings. This move targets institutional investors who trust Circle's stablecoin infrastructure, allowing them to use bitcoin in DeFi protocols like lending and decentralized exchanges. The synthetic bitcoin market is still niche, valued around $12.5-$13.5 billion, compared to bitcoin's $1.25 trillion total value. Circle's entry could challenge Coinbase and BitGo for dominance in this growing sector.

More News

KBR wins $95M contract to boost digital engineering for US Space Force over five years

KBR wins $95M contract to boost digital engineering for US Space Force over five years

KBR's Mission Technology Solutions secured a $95 million contract to enhance digital engineering and decision support for the U.S. Space Force. The five-year cost-plus-fixed-fee contract aims to accelerate space system development and improve mission...

Market News
Bullish
25 minutes ago
AmpliTech stock jumps 12% after key Open RAN interoperability milestone.

AmpliTech stock jumps 12% after key Open RAN interoperability milestone.

AmpliTech Group's stock surged nearly 12% in premarket trading following the company's announcement of a significant Open RAN interoperability achievement at the O-RAN ALLIANCE Global PlugFest Spring 2026. The event validated AmpliTech's 64T64R Massi...

Technical Signals
Bullish
29 minutes ago
S&P 500 rises 0.3% as chip stocks rebound and traders expect gains at Tuesday open

S&P 500 rises 0.3% as chip stocks rebound and traders expect gains at Tuesday open

The S&P 500 rose 0.30% to close at 7,405.73 on Monday, recovering from last week's tech selloff driven by a strong rebound in semiconductor stocks like Micron, Nvidia, and Broadcom. Investor sentiment improved amid easing concerns over the AI rally l...

Market News
Bullish
1 hour ago
Cerebras stock doubles at IPO open, then drops 20% the next day, raising buy or trap questions.

Cerebras stock doubles at IPO open, then drops 20% the next day, raising buy or trap questions.

Cerebras stock opened at $350, nearly double its IPO price, signaling strong initial investor interest. However, the stock pulled back 20% the following day, causing uncertainty about its short-term prospects. Investors are now debating whether the d...

Market News
Neutral
2 hours ago
Recover™ launches ready-to-use recycled cotton yarns to boost sustainable apparel production.

Recover™ launches ready-to-use recycled cotton yarns to boost sustainable apparel production.

Recover™, a leading producer of recycled cotton fiber, has introduced Recover™ Yarns, a new range of ready-to-use yarns made from recycled cotton. This platform offers diverse yarn options suitable for various apparel types like denim and fleece, sim...

Others
Bullish
2 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App