JPMorgan has raised concerns that HyperliquidX's rapid expansion and large USDC holdings could undermine the economic model of Circle's USDC stablecoin. HyperliquidX, a decentralized perpetual exchange, has amassed over $5 billion in USDC and is shifting stablecoin yield dynamics by aligning yields with its protocol through mechanisms like HYPE buybacks. This could challenge USDC's market dominance and prompt strategic responses from Circle. Investors should watch for HyperliquidX's continued growth and its impact on the stablecoin ecosystem.
Starknet introduced STRK20, a privacy framework on its Ethereum Layer-2 network that shields ERC-20 token balances and transactions using encrypted notes and zero-knowledge proofs. This system allows private transfers and swaps without separate priva...
Bitcoin is expected to hold above $56,000 on July 13, supported by upcoming June CPI inflation data and major bank earnings reports. Circle received final approval from the U.S. Office of the Comptroller of the Currency for its national trust bank, a...
Circle has minted $250 million worth of USD Coin (USDC) on the Solana blockchain, increasing the stablecoin's liquidity on Solana by more than 10% in a single transaction. This move is part of a larger trend with nearly $1 billion USDC introduced to ...
Solana's blockchain network is rapidly expanding, adding an average of 8.4 million new addresses weekly and processing a record 10.1 billion transactions in Q1 2026. This growth highlights Solana's increasing adoption and positions it ahead of Ethere...
Bonzo Finance, Hedera's largest lending protocol, lost about $9.05 million after an attacker exploited a flaw in a third-party price oracle's signature verification. The attacker manipulated the SAUCE token price, using only 250 SAUCE tokens as colla...
