circle

On Tuesday, ARK Invest, led by Cathie Wood, invested approximately $13.9 million to increase its holdings by 220,000 shares of Circle stock, having purchased over 725,000 shares in July, despite the stock having fallen about 76% from its IPO peak.

According to monitoring by Onchain Lens, Circle has once again issued approximately 750 million USDC on Solana, bringing the total issuance of USDC on Solana to about 69.01 billion by 2026.

According to The Block, Cathie Wood's Ark Invest increased its holdings by approximately $13.9 million in Circle stock and $1.5 million in Block Inc. stock, while reducing its holdings by approximately $3.2 million in Robinhood stock.

According to the Financial Times, based on the latest publicly available court documents, the stablecoin issuer Circle had banned the crypto fund Heka Funds, supported by Tether, at the end of 2023 due to suspicions that it was manipulating the market through large-scale arbitrage operations and helping Tether expand its market share. The documents show that during the Silicon Valley Bank (SVB) crisis in 2023, USDC briefly fell below the $1 peg. Heka continuously bought discounted USDC in large quantities and redeemed it for cash from Circle. Circle believed that Heka's redemption scale far exceeded that of other market participants and suspected that the related funds ultimately flowed to Tether to help expand its USDT market size.Arbitration documents also revealed that Tether had invested about $800 million in Heka, accounting for about 75% of the fund's assets, and waived the stablecoin minting fees. The arbitrator found that Heka did not truthfully disclose its supportive relationship with Tether and was aware that the related information would raise concerns for Circle. In 2024, Heka initiated arbitration due to its account being frozen, claiming approximately $49 million in lost profits. In February of this year, the arbitrator dismissed all of Heka's claims, determining that it had engaged in malicious behavior and ordered it to pay Circle about $166,000 in attorney and expert fees. Heka denied any market manipulation and stated that it had never been subject to regulatory investigation; Circle declined to comment, and Tether did not respond to media requests for comment.

Mizuho downgraded Circle's rating from Neutral to Underperform and lowered the target price from $85 to $50, citing increasing competitive pressure from OpenUSD.The firm stated that OpenUSD's direct pass-through model could force Circle to share more reserve income with distribution partners, thereby compressing profit margins. Mizuho lowered Circle's adjusted EBITDA forecast for 2027 to $699 million, approximately 25% below Wall Street consensus expectations, and warned that the upcoming Coinbase revenue sharing renewal could increase pressure.

According to CoinPost, JCB has reached a partnership with a Circle affiliate, planning to test USDC payments at a store in Tokyo that attracts many foreign tourists within the year and evaluate the promotion to more franchise merchants.The pilot aims to reduce the currency exchange process for tourists and lower payment transaction fees. JCB has previously tested USDC and JPYC offline payments with Digital Garage, Resona Holdings, and others; Japan has also accelerated stablecoin merchant payment trials recently, including Lawson's plan to test JPYC in-store settlements in August.

According to The Block, Mizuho Bank analysts pointed out that Circle has received approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. While this helps enhance its compliance reputation, it is not enough to address the current core pressures—namely, the continuous shrinkage of USDC's market value and the increasingly fierce competition from Open USD, which still poses a significant drag on the $CRCL stock price.

According to monitoring by Onchain Lens, Circle (7VHU...4BmE) has minted approximately 750 million USDC on Solana again, with a total of about 68.26 billion USDC minted on Solana by 2026.

According to crypto KOL @amathxbt and others, Circle's public blockchain Arc may have been launched privately. The cross-chain protocols LayerZero and LI.FI have been deployed to the Arc network, but have not been publicly tested by the community.According to public information, Arc is a public Layer 1 blockchain, positioned as the "Economic Operating System of the Internet," providing shared and composable infrastructure to support economic contracts, stablecoins, tokenized assets, and global market operations. In May of this year, Circle officially released the ARC white paper, outlining the design framework for ARC as the native coordinating asset of the Arc blockchain network. The Arc public testnet is set to launch in October 2025. The mainnet is expected to go live in the summer of 2026.

DeFiLlama data shows that Uniswap's trading fees in the past 24 hours were approximately $5.027 million.Uniswap founder Hayden Adams stated that Uniswap's daily trading fees are second only to Tether and Circle, and significantly higher than projects like Hyperliquid and Pump.

According to Onchain Lens monitoring, Circle minted 250 million USDC on the Solana chain approximately 6 hours ago and another 250 million USDC about 13 hours ago, totaling 500 million.Since 2026, Circle has cumulatively minted approximately 67.51 billion USDC on the Solana chain.

According to official news, Circle announced the open-source Agent Stack startup kit, allowing developers to integrate wallets, USDC payments, and on-chain operations into AI Agents, supporting mainstream AI Agent development frameworks such as OpenAI Agents SDK, Anthropic Agent SDK, LangChain Deep Agents, Mastra, Vercel AI SDK, and Google ADK.Circle stated that developers can directly clone example projects based on the framework they are using and start building AI Agent applications.

According to official news, the stablecoin USDC issuer Circle (NYSE: CRCL) announced on July 10 that it has received final approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank named Circle National Trust.The announcement stated that this approval marks an important milestone in U.S. regulation, placing the trust bank directly under the federal oversight of the OCC. After opening, Circle National Trust will initially provide federally regulated digital asset custodial services for Circle and its affiliates. According to the approved business plan, the bank plans to directly offer custodial services to specific banks and financial institutions in the future, ultimately achieving direct management of USDC reserves, thereby further enhancing the security and transparency of USDC. Circle CEO Jeremy Allaire stated that this move is a key step in integrating blockchain technology and digital assets into the core financial system of the United States.

According to Protos, prosecutors in Wisconsin and New York have expressed dissatisfaction with the stablecoin issuer Circle, citing that Circle has repeatedly hindered law enforcement's attempts to recover stolen funds. Law enforcement agencies in various locations have sought Circle's cooperation to help victims of fraud and hacking incidents recover losses by destroying and reissuing USDC tokens, but Circle has refused these requests based on policy positions.Circle believes that modifying the blockchain ledger to reverse transactions would undermine the fundamental attributes of the USDC stablecoin and set a dangerous precedent for the entire cryptocurrency industry. This position highlights the deep-seated conflict between the immutability of blockchain and law enforcement needs. Prosecutors argue that Circle, as a regulated stablecoin issuer, should bear more social responsibility, while Circle insists on upholding the core principles of blockchain technology, making it difficult for both sides to bridge their differences on this issue in the short term.

According to The Block, Ark Invest, led by Cathie Wood, purchased 217,896 shares of Circle stock on Thursday, worth approximately $13.7 million, with CRCL falling 1.65% to $63.01 on the same day.Ark also sold 85,319 shares of Robinhood stock, worth approximately $9.8 million, with HOOD rising 1.39% to $115.11 on the same day.

Blockchain analysis company Elliptic announced that it has received a strategic investment from Circle Ventures. Previously, the company completed a $120 million Series D funding round in May this year, led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank.At the same time, Circle officially joined Elliptic's Agentic Design Partner Program, which brings together infrastructure providers, compliance agencies, and technology teams to collaboratively develop compliance solutions for AI agents. Elliptic pointed out that AI agents are different from traditional bots, as they can autonomously set goals and make independent decisions. Their operational speed and scale have far exceeded the carrying capacity of human compliance systems, necessitating specialized solutions to address this.

According to a report by the International Consortium of Investigative Journalists (ICIJ), the stablecoin issuer Circle has been criminally charged by the Wisconsin state prosecutor for refusing to comply with a court order to assist in recovering funds for fraud victims.A victim in Wisconsin was defrauded of approximately 381,000 USDC, and the court issued a warrant last December requiring Circle to transfer frozen assets to law enforcement wallets, but Circle refused to comply, citing "technical inability to destroy and reissue tokens."The New York state prosecutor had previously sent a letter to the U.S. Senate, accusing Circle of repeatedly refusing asset freeze requests without a warrant and questioning its motives—Circle currently holds at least 119 million frozen USDC, which can continuously earn interest.In response, Circle denied the allegations, stating that the Wisconsin court lacks jurisdiction, and indicated that it has reached a preliminary agreement with federal prosecutors regarding a compensation mechanism for victims. Cryptocurrency tracking experts pointed out that Circle could fully implement token destruction and reissuance by updating its code, casting doubt on its claim of technical incapacity.

According to Onchain Lens, the stablecoin issuer Circle has just minted 250 million USDC on the Solana chain. Data shows that Circle has minted approximately 66.76 billion USDC on Solana so far this year.