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Circle stock rises 5% after NYDFS grants trust charter for USDC issuer

Market News
31 Jul 2026
Coinpaper
View Source
Bullish
Circle stock rises 5% after NYDFS grants trust charter for USDC issuer

Circle Internet Group's stock rose 5% following the New York Department of Financial Services granting a limited-purpose trust charter to Circle Internet Trust Company LLC, allowing it to operate as Circle New York Trust. This regulatory approval strengthens Circle's compliance framework amid increasing scrutiny of stablecoins like USDC from regulators and lawmakers. The charter enhances Circle's position in the U.S. market as it continues to expand its blockchain and payment infrastructure. Despite competition and regulatory uncertainties, this move supports Circle's strategy to maintain USDC as a leading regulated stablecoin.

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Elon Musk confirms Terafab talks, expanding chip partners beyond Intel.

Elon Musk confirms Terafab talks, expanding chip partners beyond Intel.

Elon Musk has confirmed that his company is in discussions with Terafab, marking a potential new chip manufacturing partner alongside Intel, which has been the only named chip partner until now. This development could diversify the supply chain and e...

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Pump.fun holds $2.8B in assets, mostly its own PUMP tokens, with ongoing buybacks and token unlocks.

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Pump.fun, a Solana memecoin launchpad, holds about $2.8 billion in on-chain assets, primarily its own PUMP token valued at $2.19 billion. The treasury also includes wrapped SOL, USDC, USDT, and various memecoins. The platform funds a buyback-and-burn...

Protocol Fundamentals
Neutral
4 hours ago
XRP Ledger traders drop 40% YoY but trading volume surges 79%, signaling bigger trades by fewer accounts.

XRP Ledger traders drop 40% YoY but trading volume surges 79%, signaling bigger trades by fewer accounts.

In Q2 2026, the XRP Ledger saw a 40% drop in daily trading accounts but a 79% increase in average order-book volume, indicating that fewer traders are handling much larger amounts of XRP. The average XRP traded per active account nearly tripled, and ...

Protocol Fundamentals
Bullish
4 hours ago
Dogecoin may drop 20% to $0.076 amid bearish pattern and record low memecoin dominance.

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Technical Signals
Bearish
4 hours ago
Bitcoin rose significantly in the year after each U.S. midterm election since 2014, despite some volatility.

Bitcoin rose significantly in the year after each U.S. midterm election since 2014, despite some volatility.

Bitcoin has shown notable gains in the 12 months following each U.S. midterm election since 2014, with increases of 24.5% after 2014, 44.9% after 2018, and 92.3% after 2022. However, these gains were not steady, as Bitcoin dropped 45.5% in the month ...

Market News
Neutral
4 hours ago
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