Circle receives New York trust charter for subsidiary
The New York trust charter allows Circle’s subsidiary to provide fiduciary and custody services under state banking law.
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Lido starts historic $16 billion migration to optimize Ethereum performance
“This is the biggest change to how Lido Core staking works since Lido V2,” said Isidoros Passadis, chief of staking at Lido Labs Foundation. “The node operators securing the majority of ETH staked via Lido are consolidating onto far fewer validators, and for the first time, they’re backing that stake with their own capital, leaving…
Bank of England Clears HSBC for Digital Securities Operations
HSBC has received approval to operate HSBC Orion in the UK’s Digital Securities Sandbox, supporting digital bonds and the planned DIGIT issuance. HSBC has received approval to operate its digital assets platform, HSBC Orion, in the United Kingdom’s Digital Securities Sandbox (DSS). The approval enables the bank to facilitate the issuance, servicing, and settlement of…
Bitcoin breaks $66k as US debt hits $39.5 trillion creating Bitcoin’s next liquidity test for August 3
US gross federal debt reached $39.489 trillion on July 15, leaving roughly $511 billion before the $40 trillion threshold, and this debt total strengthens Bitcoin’s fixed-supply argument. Treasury currently expects to borrow $671 billion in privately held net marketable debt during the July-to-September quarter, with the estimate built on a $950 billion end-of-September cash balance….
South Korea Bank Adopts JPMorgan Kinexys.
KB Kookmin becomes South Korea’s first bank to use JPMorgan’s Kinexys payments network. New service enables faster USD transfers across 10 countries for import and export firms. Kinexys integrates with SWIFT to deliver near-instant settlement for corporate payments. South Korea’s largest lender, KB Kookmin Bank, will launch a blockchain-based cross-border payment service using JPMorgan’s Kinexys…
Robinhood and Coinbase report Q2 earnings a day apart and Wall Street has already picked its winner
Robinhood and Coinbase report Q2 2026 earnings back to back this week, with Robinhood carrying an ~$85 billion market cap now double Coinbase’s. Mizuho’s Dan Dolev has called Robinhood the brokerage industry’s first hyperscaler, while Coinbase faces its second straight quarterly loss amid declining crypto trading volumes.
Democratic Senator Backs Clarity Act — With Proposed Changes
Bipartisan work on the long-awaited Clarity Act continues after Democratic senator Catherine Cortez Masto said that she, along with two law enforcement groups, are feeling “good” about proposed changes to the bill, according to a news report. Along with the National Association of Assistant U.S. Attorneys and the National District Attorneys Association, Cortez backed changes…
