Circle has secured a New York trust charter to expand its state regulatory footprint. Summary Circle has received a New York trust charter from the NYDFS for Circle New York Trust. The approval follows Circle’s recent federal trust bank authorization from the U.S. OCC under a separate regulatory framework. Circle said the charter strengthens oversight
Special thanks to Vitalik Buterin, Gavin Wood and Jeffrey Wilcke for countless revisions feedback, picks at their brains, and helping me read their tea leaves. Introduction In the world of cryptography-based computer science, the Ethereum technology vision has captivated the imagination of a large number of software developers and technologists who saw its obvious promise. But
Circle Internet Group, Inc. (CRCL), the issuer of USDC, the world’s second-largest stablecoin, announced Friday that it secured a limited purpose trust charter from the New York Department of Financial Services (NYDFS). The trust charter is an official state banking authorization that allows the holder to legally provide fiduciary, custody and asset-management services under the
Shiba Inu price surrendered much of its 40% breakout after sellers rejected the meme coin near $0.0000058, leaving bulls to defend a newly established support zone around $0.0000045. Summary SHIB price surged nearly 40% before retreating to approximately $0.0000047. Daily ADX climbed to 31.03, confirming that volatility has developed into a stronger directional trend. The
One of the interesting problems in designing effective blockchain technologies is, how can we ensure that the systems remain censorship-proof? Although lots of work has been done in cryptoeconomics in order to ensure that blockchains continue pumping out new blocks, and particularly to prevent blocks from being reverted, substantially less attention has been put on
Bitcoin treasury company Strategy reported a loss of $8.22 billion for the second quarter of 2026 thanks to the falling price of the leading cryptocurrency. In its quarterly report, Nasdaq-listed Strategy (MSTR) — formerly MicroStrategy — put the loss down to the Bitcoin price crash, even as the company continued raising capital, buying more Bitcoin
The state is seeking at least $36 billion in damages from the prediction market platform it calls an unlicensed gambling operation, and has filed for a temporary restraining order to halt its contracts immediately. Summary New York Attorney General Letitia James and Governor Kathy Hochul sued KalshiEX on July 31, 2026, in New York Supreme
Been a while, I know, but then these are rather busy days. I’m writing this from a Starbucks in Shanghai sitting behind the Great Firewall, able to peep out only occasionally. I’ve been in Asia with Marek for the last couple of weeks, mainly for meetups, workshops and technical meetings. During this time, we’ve seen
A year after going live, Performa added a non-custodial layer, fiat settlement and faster self-service onboarding to its finance operations platform, as well as a wider pricing model for businesses operating across digital assets and fiat currencies. This step contributes to Performa’s mission to provide businesses with an accessible all-in-one platform for digital assets and
Quantum Solutions and Hyperscale Data each redirected part of their crypto treasuries toward AI data centers on July 30. Summary 1,000 ETH sale raised $1.9 million for Quantum Solutions’ Japanese AI data center expansion plans. 100 BTC were monetized as Hyperscale Data established a Bitcoin-backed credit facility for Michigan construction. 4,375 ETH sale ceiling leaves
