Circle’s Q1 USDC revenue, profit dip; ARC presale wins

Circle just beat earnings and raised fresh capital for its new Arc blockchain, while Michael Saylor explained how and why he'd sell Bitcoin.

The post Huma Finance exploit Polygon: $101,000 loss from V1 pools appeared on BitcoinEthereumNews.com. A Huma Finance exploit Polygon incident has put a familiar DeFi problem back in the spotlight: old contracts can stay dangerous long after a protocol has moved on. Huma Finance said roughly $101,000 was drained from its deprecated V1 BaseCreditPool contracts on Polygon on May 11, but user deposits were not affected. The attacker pulled out 82,316 USDC and 19,075 USDC.e through unauthorized drawdowns, according to the protocol’s disclosure. Just as important for users, Huma said the losses were limited to pool owner fees and protocol fees, not customer funds. That distinction matters. In crypto, the words “exploit” and “drained” can quickly trigger fears of wider contagion. Here, Huma drew a sharp line between the older Polygon-based system that was hit and the parts of the project still running normally, including PayFi Strategy Token (PST) and Huma’s V2 deployment on Solana. Huma Fi

The post JUST (JST) Holds $0.0889 as DeFi Sector Tracks $3 Billion Circle Arc Launch and Solana Alpenglow Upgrade appeared on BitcoinEthereumNews.com. JUST News Circle is positioning itself as more than a stablecoin issuer with the upcoming launch of Arc, a purpose-built blockchain valued at roughly $3 billion following a $222 million token presale. The round drew capital from a16z crypto, Apollo, BlackRock and ARK Invest, and shares of the USDC issuer climbed more than 15% on the announcement day. CEO Jeremy Allaire pitched Arc as an institutional-grade rail for tokenized finance and payments, designed to be operated by regulated financial firms. The development is closely watched across the DeFi landscape, where stablecoin infrastructure plays a central role in liquidity flows on networks like Tron, where JST operates. OpenAI has unveiled the OpenAI Deployment Company, a majority-owned subsidiary aimed at embedding specialized engineers inside enterprises running complex AI projects.

The post Bernstein backs Circle with $190 target as ARC presale reaches $222 million appeared on BitcoinEthereumNews.com. Bernstein has maintained its Outperform rating on Circle Internet Group with a $190 price target after the company’s $222 million ARC token presale and continued USDC growth helped offset pressure from falling reserve income. Summary Bernstein kept its Outperform rating on Circle and set a $190 price target after the company raised $222 million through its ARC token presale. USDC supply reached $77 billion in Q1, while Circle Payments Network annualized transaction volume approached $10 billion. Bernstein said Arc’s testnet processed more than 244 million transactions as Circle expanded its AI-focused payment infrastructure around USDC. According to a Tuesday client note from Bernstein analysts led by Gautam Chhugani, the brokerage sees Circle’s expanding blockchain and payments business as supporting earnings visibility even as lower interest rates reduced reserve-

Bernstein has maintained its Outperform rating on Circle Internet Group with a $190 price target after the company’s $222 million ARC token presale and continued USDC growth helped offset pressure from falling reserve income. According to a Tuesday client note…

The post Circle Banks $200M From Giants Like BlackRock In Arc Token Presale, CRCL Jumps 15% appeared on BitcoinEthereumNews.com. Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and d

Shares of stablecoin issuer Circle (CRLC) climbed on Monday, rising by 15% to $130 for the first time in nearly a month. The move came after the company disclosed it had raised $222 million in the presale of Arc, the native token tied to Circle’s new blockchain. The funding values Arc at a fully diluted network valuation of $3 billion Circle CEO Maps The Road Ahead Speaking to CNBC in an exclusive interview, Circle CEO Jeremy Allaire framed Arc as more than another crypto launch. He compared blockchain infrastructure to major technology platforms such as mobile operating systems and cloud services, arguing that it is becoming a foundational layer for how businesses operate.  Related Reading: Dogecoin Price Set To Hit $5 Amid New Influx From Smart Money? “We want to build an operating system that has many, many stakeholders in it,” Allaire said, describing a model that includes major companies helping to run and ultimately govern the infrastructure.  He added that Circle is moving towar

The post If metrics favor Solana, why does institutional capital choose Ethereum? appeared on BitcoinEthereumNews.com. What compels an institutional heavyweight to launch a product on a particular blockchain? At a fundamental level, institutions tend to evaluate core infrastructure metrics such as transaction speed, execution costs, and settlement finality when choosing a Layer-1 network. The logic is simple: Faster confirmation times and lower fees allow a blockchain to handle higher transaction throughput, which directly supports a smoother user experience. Viewed through this lens, Solana [SOL] stands out. As the chart below shows, Solana processed 696 million transactions over the past week. Every other chain combined processed about 593 million. One network alone generated more activity than the rest of crypto, accounting for 54% of total on-chain transactions. Source: Token Terminal As discussed earlier, high transaction volume is often a direct reflection of a chain’s underlying