DIGITAL ASSETS HIT $3T AS BITCOIN SURGES
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Digital assets have reclaimed $3 trillion in market value for the first time since January, driven by Bitcoin's sharp rally. However, traders are increasingly using leveraged perpetual futures, raising concerns about market volatility.
■ MORE FROM THE CRYPTO DESK
The Trump administration is considering a new initiative to promote dollar-denominated stablecoins internationally, potentially including joint ventures with private companies, according to Bloomberg sources.
The SEC granted a five-year exemption for tokenized US stock trading on blockchain venues, bypassing Congress after the Clarity Act stalled in the Senate. Circle's chief strategy officer says regulators are advancing crypto policy independently.
Binance has committed $100 million to Circle Internet Group as the two crypto firms deepen their partnership. The investment extends their existing agreement around USDC, the dollar-backed stablecoin.
Binance has acquired a $100 million stake in stablecoin issuer Circle and signed a five-year agreement to promote USDC on its platform. The deal represents a significant partnership between the world's largest crypto exchange and a major stablecoin provider.