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According to CoinDesk, investment bank Jefferies stated in its latest report that the U.S. CLARITY Act still faces significant legislative hurdles in the Senate, and related legislative progress in the coming weeks may exacerbate volatility in the cryptocurrency market.Jefferies pointed out that although the bill previously passed the Senate Banking Committee with a bipartisan vote of 15 to 9, there are only about 20 legislative days left before the August congressional recess. The Senate still needs to complete the bill's consolidation, procedural voting, coordination with the House version, and submission for presidential signature, making the timeline very tight.Polymarket data shows that the probability of the bill passing by the end of 2026 has dropped from 70% in mid-May to 48%. Jefferies believes that if the bill passes smoothly, it will establish a clear regulatory framework for digital assets, prompting banks, asset management institutions, and exchanges to accelerate their layout in tokenized assets, custody, staking, lending, and other businesses, as well as facilitate more cryptocurrency ETFs and IPOs of cryptocurrency infrastructure companies. If the legislation is delayed, it may prolong regulatory uncertainty, causing traditional financial institutions to slow down their blockchain business advancement.The report predicts that the progress of the bill will continue to affect the market performance of cryptocurrency concept stocks such as Circle (CRCL), Coinbase (COIN), Bullish (BLSH), and some cryptocurrency assets.Jefferies also noted that in the long term, compared to regulatory changes, the greater challenge faced by stablecoin issuer Circle still comes from competition with banks, fintech, and payment companies.

According to official data, Ark Invest, led by Cathie Wood, increased its holdings in Coinbase, Circle, Bullish, and Robinhood stocks on Monday, with a total increase of approximately $16.9 million based on the closing price.In specific operations, ARK bought 45,164 shares of Coinbase ($6.85 million), 81,757 shares of Circle ($6.21 million), 149,422 shares of Bullish ($3.54 million), and 2,943 shares of Robinhood ($300,000), with all four stocks closing up on that day.

According to official news, USDC issued by Circle will become the first supported stablecoin on the digital asset custody platform of global financial services company BNY, with both parties deepening their cooperation on institutional-grade stablecoin services.BNY clients can now hold USDC in their digital asset custody wallets and instruct Circle to mint USDC from dollars or redeem USDC for dollars, covering the complete lifecycle of institutional stablecoin business.Circle's Chief Business Officer Kash Razzaghi stated that this cooperation is a continuation of the long-term relationship between the two parties, connecting on-chain assets with traditional assets for BNY clients. In the future, both parties plan to expand this capability to more stablecoin issuers and digital cash workflows.

On-chain detective ZachXBT stated that during the migration from the traditional private messaging system to XChat, the X platform encountered multiple technical bugs. At the same time, the reliability of the platform's search function declined, affecting information retrieval efficiency. More importantly, the X platform's algorithm has a "traffic bottleneck" for cryptocurrency content, making it easier for content to be restricted within the cryptocurrency vertical, thereby reducing the ability to reach a broader audience.

According to the latest daily trading disclosure information released by ARK Invest, Cathie Wood's ARK Invest spent $25.54 million on June 26 to purchase stocks of Coinbase, SpaceX, Circle, Bullish, and Robinhood.Among them, $10.19 million was spent on Coinbase stocks (68,366 shares); $7.01 million on SpaceX stocks; and $5.79 million on Circle stocks.

According to Cointelegraph, in the wave of declines in technology stocks, cryptocurrency-related stocks have suffered particularly severe losses, with the divergence from the broader market continuing to widen. Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72% from their respective historical highs, far exceeding the 48% to 57% pullback of mainstream tech stocks like Oracle, Salesforce, Netflix, and Palantir; in contrast, the S&P 500 index has only retreated 3.5% from its recent peak.On the fundamental side, Coinbase's first-quarter performance was significantly below Wall Street expectations, with a 21% quarter-over-quarter decline in revenue and a loss of $1.49 per share, while analysts had previously expected earnings of $0.27 per share. Bitcoin fell below $60,000 this week, down more than 54% from its October peak; Ethereum also dropped to around $1,500, down about 69% from last year's high, with market sentiment continuing to deteriorate.21Shares has lowered its 2026 cryptocurrency market expectations in its mid-year outlook report, believing that the performance of digital asset prices is significantly lagging behind the industry's fundamentals. The institution pointed out that institutional adoption is still deepening, with stablecoins, asset tokenization, and prediction markets maintaining strong development momentum, but the four-year market cycle of Bitcoin remains the dominant force in price trends. The report also acknowledged previous misjudgments—"the cycle of Bitcoin is evolving, but has not yet broken," retracting its earlier assertion that the four-year cycle was outdated.Analysts believe that the deep pullback in cryptocurrency stocks reflects the overall weakness of the digital asset market, the uncertainty of legislative progress in the U.S. cryptocurrency market structure, and the compounded pressure from the potential impact of AI technology on existing business models.

The Block posted on the X platform that Cathie Wood's Ark Invest purchased more shares of Coinbase, Circle, Bullish, and Robinhood during the stock market decline on Thursday.

According to CoinDesk, stablecoin issuer Circle and Japanese financial giant Nomura Holdings have announced a partnership, with plans to launch corporate digital asset payment settlement services in Japan as early as 2027.Under the cooperation agreement, Japanese companies can use the platform to exchange yen for USDC for scenarios such as cross-border supplier payments, fund transfers between overseas affiliates, and foreign exchange settlements. The average daily trading volume in Japan's foreign exchange market reaches up to $440 billion, while traditional bank wire transfers typically take 2 to 3 business days to settle, and blockchain solutions are expected to significantly shorten this time.Previously, the Financial Services Agency of Japan approved the use of USDC among Japanese companies under updated payment regulations, making it the first globally recognized dollar stablecoin authorized to conduct corporate business locally. Circle will operate the related network through its local branch Circle Japan, which has previously collaborated with SBI Holdings to carry out USDC distribution business.

Circle officially announced that native USDC, EURC, and CCTP (Cross-Chain Transfer Protocol) will soon be launched on the Cronos chain.According to reports, Cronos is an EVM-compatible Layer-1 blockchain supported by Crypto.com. Currently, a bridged version of USDC (USDC.e) is running on Cronos, and Circle, along with the Cronos team, plans to gradually migrate liquidity to the native USDC, while the existing bridged version of USDC will remain unaffected and continue to operate normally.In addition, the native USDC will also be used for deposits and settlements in the Cronos App, allowing users to trade assets such as stocks, cryptocurrencies, and prediction markets on the platform.

According to official news, Circle announced that the cross-chain transfer protocol CCTP now supports Stellar and has included Stellar in Domain 27. In the latest release notes, Circle introduced the content of this update and the key integration details that developers need to pay attention to before transferring USDC in or out of Stellar.

According to monitoring by Lookonchain, Circle has issued an additional 1 billion USDC on the Solana network. In the past week, Circle has cumulatively issued 3.5 billion USDC on the Solana network.

According to Arkham monitoring, Circle has just transferred 4.397 billion USDC to Coinbase via HyperEVM.

According to monitoring by Arkham, Circle transferred approximately $4.397 billion USDC to addresses related to Coinbase on the HyperEVM network, making it the largest single USDC transfer recorded to date.

According to Cointelegraph, Circle has issued 1 billion USDC on Solana in the past 24 hours, bringing the total issuance in 2026 to 57 billion.

A female tycoon in the domestic cryptocurrency circle encountered an investment scam in the United States, resulting in a loss of over $9.4 million (approximately 60 million yuan). Reports indicate that this individual is a certain Lv, the CEO of a computing power technology company in Southwest China, whose mining pool reportedly accounted for about 9% of the global Bitcoin total computing power at its peak.The report pointed out that two brothers, claiming to have a "Middle Eastern royal family" background, carried out the scam by forging identities. One of them claimed to be a "Middle Eastern royal family son-in-law" and asserted that he controlled funds from Middle Eastern families, international business relations, and resources from local governments in the United States; the other mimicked a character from the American drama "Billions," presenting himself as a hedge fund manager. The two also successfully contacted and influenced Michael Smedley, the chief of staff to the mayor of East Cleveland, Ohio, ultimately inducing Lv to sign a cryptocurrency mining field development contract.

Circle plans to release the Arc Privacy confidential smart contract engine, aimed at addressing the barriers to institutional adoption caused by the current blockchain's default complete transparency through "Opt-in Privacy." Arc Privacy will allow users and developers to selectively mask sensitive information in transactions and smart contracts based on actual needs, rather than forcing all data to be public. At the same time, it retains the authorized access required for compliance, auditing, and governance, achieving a balance between privacy and auditability.The engine supports the EVM environment and emphasizes composability, allowing developers to build multi-step private application processes in the Ethereum environment. The article lists several real business scenarios, including confidential salary payments, treasury fund transfers, tokenized asset management, confidential perpetual contract trading, and privacy lending.

According to official news, Circle announced that cirBTC has launched on Ethereum, providing 1:1 Bitcoin-backed collateral for the institutional DeFi market. cirBTC is supported by native BTC held in custody by Circle at a 1:1 ratio, offering on-chain reserve transparency through Chainlink reserve proofs.cirBTC can be integrated into Circle Mint for minting and redemption, and it forms a unified operational model of dollar liquidity and Bitcoin collateral with USDC. In the future, cirBTC will also expand to multiple chains through Arc.

According to Whale Alert monitoring, Circle issued an additional 250 million USDC on Solana at 16:53 Beijing time, bringing the total additional issuance on Solana to 500 million USDC within about half an hour.