BinoNews
Topic

#circle

6 stories

Circle’s ARC token sale lifts earnings as lower yields weigh on USDC income
Crypto·

Circle’s ARC token sale lifts earnings as lower yields weigh on USDC income

Circle's ARC token sale has lifted the company's earnings, but its core stablecoin business is facing pressure from lower yields and growing competition. The company is looking to diversify its revenue streams through payments fees and future staking rewards. This move may help the company navigate the challenging market conditions.

USDC
3.2K1585
Circle (CRCL) Cuts About 5% of Workforce as Q3 Revenue Hits $865M
Crypto·

Circle (CRCL) Cuts About 5% of Workforce as Q3 Revenue Hits $865M

Stablecoin issuer Circle announced a 5% workforce reduction alongside a $9.1 million restructuring charge despite strong quarterly financial results. The company reported a 17% increase in third-quarter revenue, reaching $865 million. The operational adjustments reflect a strategic realignment toward core growth drivers and profit efficiency.

14.4K43112
ARK buys $17M in Coinbase, Circle shares while trimming Bullish
Crypto·

ARK buys $17M in Coinbase, Circle shares while trimming Bullish

ARK Invest recently acquired approximately $17 million in Coinbase and Circle shares across multiple trading sessions while simultaneously divesting about $8 million of its Bullish holdings. This portfolio adjustment occurs amidst a broader market downturn impacting major cryptocurrency equities.

BTC
2.1K1307
Binance hackers raced to move billions before it could be frozen
CriticalCrypto·

Binance hackers raced to move billions before it could be frozen

Following the $6.3 billion Binance breach, attackers are rapidly converting stolen stablecoins into unfreezable assets. Major issuers like Tether and Circle are working to freeze the remaining stolen funds before they are laundered.

BNBBTC
2K4812
Securitize’s tokenized stock value halves as Circle widens lead
Crypto·

Securitize’s tokenized stock value halves as Circle widens lead

Securitize's tokenized stock market cap has dropped significantly to $208.6 million. Meanwhile, Circle-linked tokens are gaining dominance, reaching a combined $383.6 million in a growing $3.3 billion market.

ETH
5.5K30210
Circle defends USDC economics as stablecoin rivals court its partners with bigger cut
Crypto·

Circle defends USDC economics as stablecoin rivals court its partners with bigger cut

Circle has defended the economic model of USDC as rival stablecoin networks attempt to attract partners with higher revenue shares. Competition in the stablecoin sector is intensifying as alternative platforms challenge established market leaders.

BTC
1K712