Circle National Trust, a federally chartered trust bank, began operations in July 2026 to provide regulated custody for Bitcoin backing the cirBTC token. This service allows Bitcoin holders to access Ethereum-based DeFi without selling their BTC, with each cirBTC token backed 1:1 by native Bitcoin held in segregated accounts. The custody is federally supervised by the OCC, enhancing security and transparency through Chainlink's Proof of Reserve system, which verifies Bitcoin reserves on-chain in near real-time. This development addresses trust issues seen in previous wrapped Bitcoin products and aims to attract institutional investors by reducing counterparty risk. Circle plans to expand cirBTC's utility across DeFi platforms following its recent whitepaper release and regulatory approvals in the US and EU.
Circle National Trust's new Bitcoin custody service is introduced as a key development in Bitcoin programmability. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Sep 24, 2026 10:21 WIB: out of 50 major cryptocurrencies, 7 rose and 42 fell today. Notable movers include BAL (Balancer) with a price of Rp16.297 and a 1-day change of +11.14%, SUSHI (SushiSwap) at Rp4.458 down 10.19%, and CRV (Curve DAO Token) at Rp5.912 down 10.14%.
Addresses linked to Morgan Stanley's MSBT Bitcoin ETF withdrew approximately 1,146.118 BTC from Coinbase Prime in two transactions within a 24-hour period, valued at around $96.4 million. This significant withdrawal indicates continued accumulation b...
Litecoin is the only major cryptocurrency gaining on September 24, 2026, rising about 5% while most others fall. This move is linked to increased use of Litecoin's optional privacy layer, MWEB, which hides transaction details but remains transparent ...
Ethereum Classic (ETC) fell 11.16% from $9.68 to $8.60 in one day during a broader crypto market pullback, while Bitcoin and Ether also declined. Despite the drop, ETC's longer-term bullish trend remains intact after a recent 36.5% rally, supported b...
Near Protocol (NEAR) saw its price fall sharply from $4.51 to $4.26 within an hour on September 24, marking a 5.52% decline. This drop was accompanied by significant long liquidations totaling $210,000 across Binance, Bybit, and OKX, compared to $90,...
StarkWare has reduced the cost of a quantum-resistant Bitcoin transaction from $320 to $66 through AI-assisted coding and an open competition, increasing processing speed nearly sixfold. This method works within Bitcoin's existing framework without n...
