News linked to both this project and an event.
Coinbase has announced the upcoming listing of perpetual contract products related to CRCL, Robinhood (HOOD), and MicroStrategy (MSTR). The platform plans to open trading for the CRCL-PERP, HOOD-PERP, and MSTR-PERP perpetual contract markets on or after July 21 at 9:00 UTC (17:00 Beijing time on the 21st).
edgeX has officially announced the start of its migration from version V1 to V2. Upon completion of the migration, users will be able to participate in the new USDC Rewards Vault incentive program using native USDC.This program is launched by edgeX in collaboration with the USDC ecosystem and on-chain risk management institution Gauntlet, with a total reward quota of up to 50 million USDC. During the event, users depositing USDC can earn a comprehensive annualized reward of up to approximately 7%, including:4% USDC annualized yieldAn additional 3% EDGE annualized rewardThis migration will further upgrade edgeX's transition towards a native USDC settlement system, offering users a more stable and efficient capital usage experience. The program is available for a limited time and will remain open until the deposit quota is reached.
: In an interview this week, Circle President Heath Tarbert responded to questions about the stock price falling from $260 to $62, stating that the company is focusing on long-term development. If it can fulfill its mission of building a full-stack internet platform infrastructure, the stock price will ultimately reflect that value in the long run. Addressing the new competition posed by the Open USD Alliance, which consists of 140 companies including Visa, Stripe, Mastercard, and Google, Heath Tarbert noted that USDC, as a stablecoin natively supporting 34 blockchains, has built a network effect with a circulating supply of $73 billion that is extremely difficult to replicate. Discussing the difference in market position compared to Tether, he stated that USDC is the world's largest regulated stablecoin and boasts the highest real transaction volume.
Odaily News: Headline: "Loss of 23.75 Million USDC: Ostium Price Data Attacked". According to Ostium's monitoring, Ostium has released an update on the security incident. Its liquidity provider treasury was attacked on July 15, resulting in a loss of 23,752,746 USDC. Preliminary investigations indicate that the attacker compromised the off-chain infrastructure that supplies price data to the protocol, submitting disguised, fraudulent price reports. By rapidly opening and closing multiple large positions, the attacker extracted artificially generated profits from the treasury. Ostium stated that trader collateral is stored in separate, isolated smart contracts and was unaffected by this incident; all trading positions remain open. The team paused trading and froze all trading contracts within 60 minutes of the first attack transaction. Currently, Ostium is cooperating with Mandiant, zeroShadow, Collisionless, SEAL 911, and law enforcement agencies, and is coordinating with trading platforms, bridge contracts, and stablecoin issuers to advance the investigation. The engineering team is repairing and strengthening the relevant infrastructure to support a safe resumption of trading. Ostium stated it will notify at least 24 hours in advance before thawing the trading contracts. Once trading resumes, existing positions will be marked at the price at the time of reopening, unaffected by price fluctuations during the suspension.
CertiK published an analysis stating that the Solana ecosystem protocol DeFiTuna was attacked on July 16, with losses of approximately 569,601 USDC. The attacker first created an extremely low-liquidity TUNA/USDC pool and swapped borrowed USDC into the pool via Jupiter routing. Since only a minimal amount of TUNA was ultimately obtained, the protocol experienced rounding down during the position asset value calculation, causing the total assets to be recorded as 0, thereby incorrectly passing the health and solvency checks.
: Circle has entered into a strategic alliance with Argentine financial services group BIND Group to provide USDC liquidity access to Argentine enterprises through BEN, a licensed virtual asset service provider under BIND. BIND Group has total assets exceeding $2 billion, and its core banking entity, BIND Banco Industrial, provides services to institutions and enterprises. BEN will operate in compliance with Argentine regulatory requirements, supporting use cases such as payments, treasury management, and digital asset transfers. BIND Vice President Andrés Meta stated that expanding institutional access to USDC is an important step for the Argentine digital asset ecosystem. Circle CEO Jeremy Allaire noted that Argentina has become a more attractive destination for foreign investment. Argentina is one of the few markets in Latin America where USDC adoption levels are close to those of USDT. Tether-backed Oobit disclosed that transaction volumes completed by Argentine users using USDC account for 46% of the country’s total stablecoin transaction volume.
global payment giant Visa is accelerating its stablecoin infrastructure efforts by launching the Visa Stablecoin Platform, which helps banks and fintech companies integrate stablecoin payment capabilities into their existing payment and treasury management systems. It is reported that the platform aims to provide stablecoin service support to approximately 15,000 financial institutions and over 200 million merchants within Visa's network, enabling enterprises to use USD stablecoins for settlement, capital flow, and financial management within the traditional payment network.Visa currently processes approximately $15 trillion in payment transactions annually and has already processed tens of billions of dollars in stablecoin settlement volume. The company hopes to further expand the application scope of stablecoins through this new platform. Initially, the Visa Stablecoin Platform will support the new stablecoin OUSD, launched by the Open Standard alliance, while continuing to be compatible with stablecoins already supported by Visa, including USDC issued by Circle and USDG issued by Paxos. Visa believes that stablecoins are becoming an important part of the future financial infrastructure, with advantages including:Instant Settlement: Transactions no longer rely on traditional banking clearing cycles;Low-Cost Transfers: Reducing payment costs based on blockchain networks;Transparency and Traceability: On-chain transaction records provide higher verifiability.Visa has been consistently building its footprint in the stablecoin space. In 2020, Visa became the first global payment network to support USDC settlement; in 2025, the company launched a stablecoin settlement plan to further promote the entry of stablecoins into the mainstream payment system.Meanwhile, Visa's competitors are also accelerating their entry into the stablecoin market. Mastercard recently launched a stablecoin settlement solution and partnered with companies such as MoonPay and Paxos; American Express has also participated in the ecosystem development related to Open Standard.As traditional payment giants increasingly adopt stablecoins, they are transitioning from a payment tool within the crypto industry into a vital component of the global financial infrastructure. (Fortune)
Coinbase officially announced that the regulated derivatives clearing business of UK financial services group Marex has now formally supported the use of USDC as Initial Margin collateral. This marks the first entry of a stablecoin into the actual operational processes of traditional clearing infrastructure. The first transaction was completed by Prime Trading, LLC, with Coinbase providing the underlying infrastructure support, including custody services, 1:1 instant conversion between fiat currency and USDC, and a customized daily reporting system that meets clearing industry standards.The implementation of this business was made possible by a "No-Action Letter" issued by the U.S. Commodity Futures Trading Commission (CFTC) in December 2025. This policy opens the door for Futures Commission Merchants (FCMs) to accept stablecoins, Bitcoin, and Ethereum as client margin collateral.Coinbase stated that USDC, as a collateral asset, can provide round-the-clock liquidity, helping institutions break free from the limitations of traditional banking hours, allowing margin funds to be transferred in line with market operating hours. In this partnership, the core capabilities provided by Coinbase include:24/7 instant conversion between fiat currency and USDC: Institutional clients can convert between USD and USDC at any time, improving the efficiency of margin allocation;Customized reporting system: Meets the requirements of traditional clearing systems for asset recording, reconciliation, and regulatory reporting;NYDFS-compliant custody: Provides institutional-grade security for USDC collateral assets.
Coinbase stated on X platform that Marex is leveraging Coinbase infrastructure to enable clients to use USDC as initial margin for US regulated futures and options, providing its traders with a new level of capital efficiency.
Odaily reports, perpetual contract DEX Ostium stated that platform trading remains paused following a security incident. User positions remain open but cannot be modified for now, and trading margin funds are still held in the frozen trading smart contract without any movement.Ostium stated that its team is continuously coordinating with relevant authorities, SEAL 911, and multiple security researchers. Updates regarding the resumption of smart contract activities and the timeline for fund recovery will be released subsequently.According to PeckShield monitoring, approximately 24 million USDC from Ostium's public OLP vault was stolen. The attacker subsequently swapped these funds for approximately 12,100 ETH, of which about 10,500 ETH was transferred to Tornado Cash.
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.
According to official Bitget data, the platform-level yield product Cash Plus has exceeded $50 million in Assets Under Management (AUM) within 5 days of launch. Cash Plus provides users with a brand-new stablecoin demand yield service, balancing yield, liquidity, and capital efficiency, allowing users to enjoy daily compound interest during the holding period. The initial phase supports USDT / USDC, enabling 1:1 redemption at any time, real-time fund arrival, and 0 fees with no slippage. The reference annualized yield during the initial launch period is 4% APR, and the actual yield will be dynamically adjusted based on market conditions.
According to The Block, Nasdaq-listed Hyperliquid treasury company Hyperion DeFi (HYPD) announced a HYPE Asset Usage Service Agreement (HAUS) with Skew Technologies and will deploy 500,000 staked HYPE (approximately $33.59 million) to Skew to support Skew's launch of a new suite of institutional-grade perpetual futures products on the Hyperliquid HIP-3 permissionless market. In return, Hyperion will receive equity in Skew and a revenue share from market listing services. Previously, Hyperion had terminated similar staking agreements with Felix and Native Markets because both built HIP-3 markets based on Hyperliquid's deprecated native stablecoin USDH. Currently, Hyperliquid has shifted to using Circle's USDC as the primary quote asset, with Coinbase serving as the stablecoin vault provider.
According to The Block, BlackRock CFO Martin Small disclosed during the Q2 earnings conference call that the company's digital asset assets under management (AUM) fell to $49 billion, down approximately 40% from a year ago, primarily weighed down by the price correction of BTC and ETH. Despite this, BlackRock's long-term strategy in the blockchain and tokenization sector has not contracted. Small stated that the company's long-term goal is to enable investors to "efficiently allocate crypto assets, stablecoins, and long-term equity and bond assets without leaving their digital wallets," and plans to gradually launch tokenized Treasury funds, iShares ETFs, and private market products. Specific progress includes: • Tokenized Money Market Funds: Two product applications have been submitted to the SEC, supporting investors to subscribe and redeem with stablecoins across multiple chains • Stablecoin Reserve Management: Currently manages approximately $60 billion of Circle's reserve assets, accounting for about one-quarter of the global $300 billion stablecoin market, aiming to become the industry's preferred reserve manager • Bitcoin ETF: Its iShares Bitcoin Trust ETF (IBIT) has an AUM of approximately $60 billion, making it the largest spot Bitcoin ETF globally • New Products: Launched the iShares Bitcoin Premium Income ETF (BITA) last month, providing Bitcoin exposure and comes with
Ostium, a decentralized perpetual exchange, suffered an oracle attack on Wednesday, resulting in losses of approximately 18 million USDC. The attacker submitted false price reports for future dates using compromised oracle signing keys, generating fictitious trading profits and receiving payouts from the Ostium liquidity vault. Ostium stated that it has identified the issue with the OLP vault, has suspended all trading, and the team is currently investigating. Deployed on Arbitrum, Ostium offers perpetual futures trading for real-world assets including stocks, commodities, forex markets, and indices. At the time of the attack, the total value locked (TVL) in the Ostium protocol was approximately $63 million. The attack drained nearly one-third of this liquidity. In the first five months of 2026, DeFi protocols have lost over $840 million to exploits, including $292 million from KelpDAO and $285 million from Drift Protocol.
CoinShares stated that the stablecoin project Open USD, driven by a bank-backed consortium, may directly impact the distribution economic model and profit margins of Circle's USDC, as it plans to distribute reserve yields to participating partners rather than primarily retaining them for the issuer. The report suggests that this mechanism could increase the costs for USDC to maintain its circulation network and, after launching in the second half of 2026, exert more substantial competitive pressure on Circle.
According to official announcements, Coinbase will cease support for USDC deposits and withdrawals on the Noble network on August 17, 2026.
: Digital asset management firm CoinShares stated that Open USD directly challenges Circle by distributing yield generated from stablecoin reserves to partners, thereby weakening USDC's distribution economic model. Open USD is composed of over 140 companies, including BlackRock, Coinbase, Mastercard, Stripe, and Visa. The stablecoin is expected to launch in the second half of 2026. CoinShares noted that while Open USD presents competitive pressure, USDC's existing liquidity and integration base may be difficult for new entrants to replicate.
Odaily Odaily news, according to the official announcement, Bitget's Staking Borrowing section has newly added support for 39 stock tokens (rToken) as collateral assets. The newly listed targets include popular US stocks and ETFs such as rAMD, rSMH, rARM, and rSKHY, covering diverse categories including semiconductors, finance, healthcare, and energy.Users holding relevant stock tokens can now use them as collateral to borrow mainstream assets like USDT and USDC, unlocking liquidity without selling their holdings. The corresponding feature on the Web platform has been launched, with the App version expected to go live within this week. Specific collateral parameters and more details can be found on the Bitget official platform.It is reported that rTokens, identified by the letter r + stock ticker (e.g., rNVDA for NVIDIA), are issued by Reality, a licensed RWA protocol under Bitget. By partnering with the compliant brokerage Alpaca, it connects directly to global liquidity pools such as Nasdaq and the NYSE. Its features include: 1:1 reserve of underlying assets held by a licensed custodian, stock dividends distributed 1:1 in token form, synchronized mapping of corporate actions (stock splits, reverse splits, etc.), and the ability to use holdings as combined margin for unified accounts and USDT-margined contracts, allowing users to manage funds flexibly while holding global stock assets.
According to BlockSec monitoring, the BarnBridge SMART Yield cUSDC protocol was attacked on Ethereum, resulting in losses of approximately $776,000, suspected to be a governance attack. The attacker first gained DAO governance rights, then upgraded the SmartYield/controller proxy to a malicious implementation contract. This contract called the _takeUnderlying privileged function of CompoundProvider, utilizing pre-existing USDC approvals from 50 user accounts, and via transferFees, moved the aggregated funds to the attacker.