Usdc

Cash App is expanding its digital asset reach through MoonPay, giving eligible U.S. users access to tokens beyond bitcoin and USDC. The move opens purchases of assets including ether, solana, XRP and USDT while allowing users to fund popular crypto wallets with Cash App balances.

Miden plans to introduce USDCx, a native stablecoin backed 1:1 by USDC held through Circle’s xReserve infrastructure. The token is designed to keep balances, counterparties and transaction histories private by default while supporting selective disclosure for compliance.

MoneyGram has extended MoneyGram Ramps to Solana, giving wallets, exchanges and developers access to its global cash network. The rollout supports cash deposits in more than 25 countries and withdrawals across more than 170 countries and territories.

Jupiter has introduced Lend v2 on Solana, allowing selected deposits and borrowed positions to function as trading liquidity while still participating in lending markets. The design may raise yields or reduce borrowing costs, but it also introduces uneven depeg risk for collateral providers.

The S&P 500 has climbed 3.12% this month, adding about $2.1 trillion in market value while Bitcoin is up just 2% near $64,600. Market participants point to an AI-heavy equity rally, crypto-specific pressures, unstable ETF demand and four-year cycle positioning as reasons for the gap.

Circle shares advanced in premarket trading after the stablecoin issuer topped profit expectations despite a slight revenue miss. The company also highlighted growing institutional support for Arc, its layer 1 blockchain network, alongside continued expansion in USDC activity.

Coinbase, Visa and Mastercard executives are presenting Open USD as an added stablecoin network rather than a replacement for USDC. The messaging follows a sharp Circle stock selloff after investors initially viewed the more than 140-partner consortium as a direct threat to the $72 billion USDC ecosystem.

Samsung is moving to embed stablecoin savings and payments features into Galaxy smartphones through Samsung Wallet. The strategy could reshape digital asset distribution by combining hardware reach, wallet software, and crypto infrastructure investments.

Bitcoin markets are showing little visible panic despite a cluster of pressure points, including weak institutional flows, stablecoin contraction and regulatory uncertainty. The drop in BVIV to 36% suggests calm for now, though technical traders are watching for a potential volatility rebound.

Circle shares came under pressure after Morgan Stanley moved the stock to underweight and cut its price target to $38 from $106. The bank cited slower USDC growth, pressure on reserve income, and rising competition from tokenized cash products and new stablecoin models.

Spark has shelved its consumer app indefinitely and is positioning itself as a backend liquidity layer for fintechs, exchanges and stablecoin issuers. The pivot comes as stablecoin markets splinter across competing tokens and networks, creating demand for infrastructure that can connect fragmented liquidity.

A Bank of Italy mystery-shopping exercise found that USDC remittances were not systematically cheaper than traditional money transfer options across international corridors. The findings point to exchange fees, foreign exchange spreads and local banking charges as the main costs, rather than blockchain transaction fees.

Coinbase’s second-quarter results fell short as weak crypto prices and subdued trading volumes pressured revenue and adjusted EBITDA. Analysts broadly pointed to market conditions rather than execution, while debating when trading activity can recover.

Coinbase shares fell in after-hours trading after the crypto platform reported second-quarter revenue below Wall Street expectations. Weak digital asset trading, lower transaction revenue and pressure on subscription and services revenue kept investor attention on the company’s push beyond spot trading fees.

Bitcoin recovered to $64.3K after again dipping below $63K, with buyers stepping in even as pressure hit the semiconductor sector. Market attention is now turning to the Federal Reserve’s rate decision and commentary, which could determine whether crypto resilience holds or weakens.

Coinbase CEO Brian Armstrong pushed back on crypto companies that abandon blockchain branding to reposition around artificial intelligence. He argued that crypto infrastructure could become a key foundation for autonomous software agents, while critics warn that machine-speed money still needs stronger safeguards.

Coinbase Business users are set to accept payments from AI agents through the exchange-incubated x402 protocol, with USDC payments powered by Coinbase Payments. The rollout also adds agent-focused trading views for exchange users and a developer SDK designed to bring x402 payment acceptance into APIs and web services.

AFX Trade, a decentralized perpetuals exchange on Arbitrum, was drained of about 24.15 million USDC after attacker-controlled validator signatures authorized a bridge withdrawal. Arbitrum’s native bridge was not breached, with security findings pointing to a third-party protocol failure involving off-chain hot-validator keys.

Allbridge Core has halted operations after a flash loan exploit drained roughly $1.65 million from its Solana liquidity pools. The incident centered on a $1.12 million Kamino flash loan used to manipulate USDC and USDT pool ratios before funds were bridged away.

Visa has launched an enterprise stablecoin platform designed to help banks, fintechs and crypto firms issue, store, transfer and redeem Open USD through a Visa-managed system. The move adds competitive pressure to Circle, whose shares fell about 5% as investors weighed the impact of new stablecoin distribution models.

A potential Stripe acquisition of PayPal is stirring debate across fintech and crypto over who controls the rails behind consumer payments. Market participants say the biggest prize may be PayPal’s wallet reach, merchant network and stablecoin distribution rather than any single token.

Ostium was hit by an $18 million USDC exploit after an attacker used a registered component of its own price-feed automation system to submit manipulated future-dated oracle reports. The incident adds to a growing run of oracle and keeper-related attacks across DeFi infrastructure.

Stripe has offered to acquire PayPal in a $53 billion proposal backed by Advent International, setting up a potential blockbuster payments deal. The approach comes as both companies push deeper into stablecoins and blockchain-linked payment infrastructure.

The Linux Foundation has launched the x402 Foundation with 40 members, including Ripple, Visa, Mastercard, American Express, Stripe, Google, Amazon Web Services and Cloudflare. The protocol processed about 75 million transactions worth $24 million over the past 30 days, highlighting demand for small stablecoin payments between software agents.