News linked to both this project and an event.
trade.xyz stated that compensation for the July 27 Hynix contract pricing anomaly incident has been partially distributed, and users can receive USDC without additional action. Compensation exceeding 10,000 USDC will be distributed after due diligence is completed before August 15.
Odaily News, August 1: trade.xyz has announced the completion of compensation distribution for the Hynix contract pricing anomaly event that occurred on July 27. Users will receive their corresponding USDC compensation without any additional action required.According to the announcement, compensation amounts are calculated based on a reference price of $1,115.5. Users with compensation under 10,000 USDC will receive the full amount directly; for amounts exceeding that threshold, an initial distribution of 9,999 USDC will be issued, and users must contact support to complete due diligence before August 15 to claim the remaining balance.At 23:01 UTC on July 27, the marked price of the SK Hynix token on trade.xyz briefly dropped from $1,127.9 to $917.25, triggering forced liquidations across numerous long positions.
Odaily News, July 31 — Circle announced that the New York State Department of Financial Services (NYDFS) has granted a limited purpose trust charter to its subsidiary, Circle Internet Trust Company LLC.Circle stated that this charter will further strengthen the regulatory foundation of the company and USDC, reflecting its ongoing commitment to security, transparency, and compliance standards.Circle previously became the first company to receive a BitLicense from the New York State Department of Financial Services in 2015, establishing a long-term regulatory relationship with the agency.Jeremy Allaire, co-founder, chairman, and CEO of Circle, stated that obtaining the New York trust charter has been a long-term goal for the company. The regulatory clarity brought by this charter will position USDC within a more recognized regulatory framework as the digital dollar gradually becomes an important component of the global financial system.
Circle 宣布，纽约州金融服务部已向其旗下 Circle Internet Trust Company 授予有限目的信托牌照。该牌照进一步加强了 Circle 的合规与监管框架，也为 USDC 纳入更明确、受认可的监管体系提供支持。Circle 表示，此举体现了其长期以来在安全、透明和合规方面的投入。
Trader Doctor Profit stated that his current key positioning is the "Galactic Three", namely Circle, Coinbase, and ETH, believing that the three correspond to compliant stablecoin issuance, crypto asset custody and trading, and tokenization and smart contract infrastructure respectively, and are core targets in the reshaping of the financial system in this new cycle.
According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.
Circle's Senior Director of EU Strategy and Policy Patrick Hansen (@paddi_hansen) stated in a post that since the implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), approximately 35 Electronic Money Tokens (EMT) from 21 institutions have obtained compliance certification, with banks and electronic money institutions entering the market and strong momentum in local issuance. However, among the top 50 global stablecoins, currently only USDC, USDG, and EURC comply with MiCA requirements; the rest remain outside the regulatory framework, leaving EU users facing a dual dilemma of lacking protection or having access forcibly cut off. Hansen believes that for MiCA to truly become a global regulatory blueprint, it must achieve two goals simultaneously: first, to promote local EMTs to go global through a competitive regime; second, to establish a recognition mechanism for overseas compliant stablecoins, attracting global issuers into the MiCA regulatory framework, rather than making local issuance the only access path.
Odaily News: BIND Group, a bank holding group managing over $2 billion in assets, is developing a stablecoin pegged to the Argentine peso through its virtual asset service provider BEN, offering programmable money services to institutions. BIND Group has also announced a partnership with Circle to provide institutional-grade payment and treasury management services for BEN clients that meet local regulatory requirements. Petersen Group is also advancing a second peso-pegged stablecoin initiative through a subsidiary, with support from crypto-as-a-service company Lirium. The product, named DIPE, has already published a whitepaper; Lirium provides related solutions for Banco Galicia and Brubank. The above projects are being pursued by companies supported by banking groups, rather than being directly offered by the banking groups themselves. The Central Bank of Argentina has prohibited private banks from offering crypto-related services to clients since May 2022. These products are primarily aimed at institutional use cases, including treasury management, payments triggered by on-chain events, and secured credit management. In March, Argentina's securities regulator classified the peso-pegged stablecoin ARGT as a security, noting that it had not been issued in compliance with regulations.
Bitget 质押借币板块新增支持 38 支股票代币（rToken）作为抵押资产，累计支持数量达 103 支。本次新增标的包括 rIBM、rTQQQ、rNOK 等热门美股与 ETF，覆盖科技、消费、金融等多元板块。持有相关股票代币的用户现可将其作为抵押物借入 USDT、USDC 等主流资产及 100+ 种加密资产，在不卖出持仓的情况下释放资金流动性。具体抵押参数可参阅 Bitget 官方平台。 据悉，以字母 r + 股票代码（如英伟达为 rNVDA）为标识的 rToken，由 Bitget 旗下持牌 RWA 协议 Reality 发行，通过与合规券商 Alpaca 合作直连纳斯达克、纽交所等全球流动性池。其特点包括：底层资产 1:1 储备并由持牌托管机构托管、股票股息以代币形式 1:1 派发、支持公司行为（拆合股等）同步映射，且持仓可作为统一账户及 U 本位合约的联合保证金，让用户在持有全球股票资产的同时，仍能灵活管理资金。
Mizuho analysts stated that if the U.S. crypto market structure bill, the "Clarity Act," is passed, while it may generally benefit the digital asset industry, the long-term impact on Circle could be negative. The reason is that regulatory clarity will attract more large institutions into the stablecoin market, further accelerating stablecoin commodification and eroding the revenue potential of Circle's USDC.Mizuho believes that the primary pressure Circle faces in the near term comes from Open USD. This stablecoin project is backed by a coalition of over 140 financial, technology, and crypto companies, with members including Visa, Mastercard, Stripe, BlackRock, and Coinbase. Unlike Circle's model, which retains approximately 38% of USDC reserve yields, Open USD employs a "pass-through" model, distributing nearly all reserve yields to distribution partners while retaining only a small management fee.Analysts also noted that Coinbase, as the largest distributor of USDC, also supports Open USD. This could give Coinbase stronger bargaining power when renegotiating its revenue-sharing agreement with Circle in the future. The distribution agreement between the two parties could be up for renegotiation as early as next month.
crypto bank Augustus announced the completion of a $180 million funding round, bringing the company's valuation to $1 billion. The company aims to build a 24/7 financial infrastructure that connects traditional payment systems with stablecoin networks. The round was led by Tiger Global Management, with participation from investors including Hummingbird, QED, and the founding teams of Nubank, Ramp, Circle, and Deel.Augustus stated that as stablecoins gradually transform the global financial system, the traditional Correspondent Banking model is facing efficiency bottlenecks. The company aims to establish a federally chartered clearing bank for fintech companies and financial institutions, replacing traditional cross-border payment infrastructure.Unlike stablecoin issuers, Augustus does not plan to issue its own stablecoin. Instead, it aims to provide underlying banking infrastructure, enabling financial institutions to freely transfer funds between traditional payment networks and blockchain networks. Currently, Augustus offers euro clearing services through its regulated Finnish entity, processing tens of billions of euros in transactions annually. Its clients include international financial institutions, fintech companies, banks, and crypto firms, including crypto exchange Kraken. (CoinDesk)
the cross-chain protocol Allbridge has issued an official statement confirming that an attacker has withdrawn approximately $1.65 million in assets from the Allbridge Core liquidity pool. A detailed analysis of the incident is currently being compiled, and the full investigation results will be published subsequently. The team emphasizes that there is no further risk to current user liquidity and that the Allbridge Next service is operating normally.In response to this incident, Allbridge plans to relaunch the Core version but will remove the liquidity pool design. Future cross-chain transfers will be facilitated via Circle CCTP and the LayerZero router to eliminate the risk of liquidity pool imbalance and the model vulnerabilities exploited in this attack. This incident has accelerated the previously initiated migration plan to fully transition to the more secure new infrastructure, Allbridge Next. According to the plan, Allbridge Core and Allbridge Classic will cease operations in their current form within the next three months, and users are advised to withdraw their relevant liquidity in advance.It is understood that this attack has exposed the risks inherent in the traditional cross-chain liquidity pool model and has further driven the protocol's transition towards a cross-chain architecture based on message passing and native asset transfer.
: 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.
: 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.
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.
ARK Invest’s Head of Research, Lorenzo Valente, recently publicly refuted a16z Crypto’s assertion that “traditional finance needs blockchain, not DeFi,” arguing that financial institutions are more likely to be built on open DeFi infrastructure in the future. Public blockchains have already demonstrated their advantages over private blockchain solutions. The growth of tokenized assets on open networks like Ethereum highlights the stronger network effects and scalability potential of public blockchains.Lorenzo Valente pointed out that the builders of the next generation of financial infrastructure may not be traditional financial institutions, but rather crypto-native enterprises, such as Circle and Coinbase.Earlier, a16z Crypto presented a differing view, suggesting that traditional financial institutions are not truly embracing DeFi, but are selectively adopting blockchain technologies that meet their existing compliance, governance, and operational requirements. Banks and asset management firms will build “programmable financial infrastructure” in the future, leveraging core capabilities of blockchain like tokenization and atomic settlement, but while maintaining permissioned management and institutional control.Sentora co-founder Jesus Rodriguez also raised objections to a16z’s stance. He argued that financial institutions might eventually adopt the underlying DeFi infrastructure and layer compliance, custody, and enterprise-grade control mechanisms on top of it.With the rapid development of RWA tokenization, on-chain settlement, and institutional-grade financial applications, the debate over the future dominance of “open DeFi architecture” versus “permissioned blockchain systems” is intensifying. (Cointelegraph)
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.
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.