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Circle Reserve Attestation Shows USDC Backing Above Circulating Supply

Circle has issued its latest monthly reserve attestation for USDC, with Deloitte’s review showing reserve assets above total circulating token supply. The attestation states that USDC reserves stood at $34.5 billion and were backed primarily by short-term U.S. Treasury bills and overnight repurchase agreements. That kind of reserve disclosure matters because stablecoins depend on confidence. […]

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Tether Reports $1.3B Q2 Profit As Excess Reserves Reach $5.2B

Tether reported $1.3 billion in Q2 net operating profit in its latest BDO attestation statement, while excess reserves rose to $5.2 billion above full USDT backing. The figures keep Tether at the center of the stablecoin market’s profitability and reserve debate. USDT remains the largest dollar stablecoin in crypto, and Tether’s reserve earnings have become […]

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Coinbase Open To More Deals After $2.9B Deribit Acquisition

Coinbase may not be finished shopping after its Deribit acquisition. The exchange’s chief executive has signalled that the company remains open to further deals as it tries to deepen its reach in crypto derivatives and expand beyond its core US spot-trading base. TL;DR Coinbase has closed its $2.9 billion Deribit acquisition, strengthening its crypto derivatives […]

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Axis Robotics Open-Sources One of the Largest Franka Arm Simulation Datasets for Physical AI

Axis Robotics has released Axis Sim Dataset V1, one of the largest open-source simulation datasets for Franka arm manipulation, with the full dataset, training code, and benchmarks publicly available. V1 is built from more than 50,000 human-teleoperated simulation trajectories across 207 manipulation tasks and 60,000+ scene variants on a simulated Franka Research 3 arm. This […]

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Michigan Blocks Predictions Markets Platform Kalshi From Offering Sports Bets in the State

A Michigan court is barring a prediction market platform from offering sports wagers to state residents or risk massive daily fines for failing to block access. The order requires KalshiEx, LLC to maintain geofencing using a state-licensed third-party provider, with violations triggering a $500,000 daily fine. The injunction prohibits offering, facilitating, advertising, or processing any […]

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Belgium Police Target Crypto Wallets In Cross-Border Piracy Crackdown

Belgian federal police have targeted crypto wallets linked to offshore piracy platforms in a cross-border enforcement action, according to an official government release. The action highlights how digital asset wallets continue to appear in law-enforcement investigations beyond the usual exchange, fraud, and darknet narratives. In this case, the focus is limited to wallets allegedly connected […]

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Grayscale Research Is Warning of AI-Driven Surveillance Risks on Transparent Blockchains, Says Zcash Will Be Part of the Solution

Grayscale Research is warning that artificial intelligence may heighten financial surveillance risks on transparent blockchains by improving the ability to link transactions with off-chain data and de-anonymize addresses. This dynamic builds on past waves of privacy concerns tied to technological shifts, including the 1970s digitization of financial records and the 1990s rise of the internet. […]

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