Circle says it cannot reissue frozen USDC as it seeks dismissal of Wisconsin complaint

The post USDC Controversy: A Legal Challenge for Stablecoin Giant Circle appeared on BitcoinEthereumNews.com. Circle, known for issuing the USDC stablecoin, is entangled in legal issues in Wisconsin, with accusations of resisting a court decree. The involvement stems from claims that Circle hasn’t acted to restitution certain crypto assets allegedly obtained via fraudulent means. Continue Reading:USDC Controversy: A Legal Challenge for Stablecoin Giant Circle Source: https://en.bitcoinhaber.net/usdc-controversy-a-legal-challenge-for-stablecoin-giant-circle

The post Cronos (CRO) Data Now Live on Dune for Onchain Insights appeared on BitcoinEthereumNews.com. Peter Zhang Jul 09, 2026 13:35 Cronos network data is now accessible on Dune, enabling real-time analysis of stablecoin flows, tokenized assets, and smart contract activity. Cronos, the Layer-1 blockchain developed by Crypto.com, is now fully integrated with Dune, the popular blockchain analytics platform. This move allows anyone to analyze Cronos’ real-time onchain activity, including stablecoin flows, tokenized stock settlements, and smart contract interactions. For traders, institutions, and developers, the ability to access and visualize this data in a standardized format represents a significant advantage, especially as Cronos pivots toward tokenized assets and institutional use cases. With over 150 million registered users globally, Crypto.com has positioned Cronos as a settlement layer for stablecoins, tokenized assets, and decentralized finance (DeFi). The blo

The post Binance stablecoin outflows hit $115 million a day as liquidity weakens appeared on BitcoinEthereumNews.com. The collapse of the U.S.-Iran ceasefire on July 8 sent prices back toward $62k, from a brief move into the $64k resistance zone. AMBCrypto reported that shortly after the news broke out, $300 million worth of long positions had been liquidated. The rising leverage and inclination from derivatives traders to catch the market lows, without structural support, was a warning sign of deeper drawdown. There was another factor to keep an eye on. Stablecoin liquidity increases price sensitivity to bearish catalysts Crypto analyst Crypto Onchain drew attention to the liquidity drain seen in the centralized exchange Binance. USD Coin reserves have fallen by 21% over the past month, and Tether saw massive single-day outflows. Source: CryptoQuant Anomalous outflows of $997 million on June 26 and $838 million on July 7 were seen. Together, they have taken Binance stablecoin outflows

The post Cathie Wood Warns Ripple-Backed OUSD May Not Challenge USDT, USDC appeared on BitcoinEthereumNews.com. Cathie Wood has said Ripple-backed OpenUSD may struggle to challenge USDT and USDC, even with major corporate names behind it, because stablecoin markets depend on liquidity, trust, collateral use, and daily platform integration. ARK Says Stablecoin Moats Are Built on Use According to the ARK Invest CEO, stablecoins are like the monetary networks that evolve with increasing adoption by user bases, exchanges, wallets, and payment companies. She added that USDT and USDC have already established robust network effects in the crypto trading and payments space and DeFi. In a research note, ARK Invest Director of Digital Assets Lorenzo Valente suggested that OUSD’s odds of supplanting the two biggest stablecoins are low. In his blog post “Why USDT and USDC are harder to kill than crypto Twitter thinks”, Valente also cautioned that many market participants may be overly optimistic a

The post Private Blockchains Are Bigger Bitcoin Risk Than Strategy BTC Sales, JPMorgan appeared on BitcoinEthereumNews.com. JPMorgan analysts have said Bitcoin’s main long-term risk may not come from Strategy selling BTC, but from banks and large institutions adopting private blockchain systems that do not rely on public crypto networks or tokens. JPMorgan Says Strategy Sales Are Not the Main Bitcoin Threat In a note to clients, JPMorgan analysts, led by Nikolaos Panigirtzoulos, suggested that Strategy’s Bitcoin sales could introduce periodic selling pressure, but they did not view the company as the primary structural threat for Bitcoin. After years of accumulation, strategy has come into the control of about 4% of all bitcoins in circulation, so traders are watching strategy’s moves very closely. “Strategy is not our primary thinking as a structural threat to Bitcoin,” the analysts wrote. The bigger danger is from the traditional finance sector’s adoption of blockchain technology out

The post Accused Charlie Kirk Assassin Said He ‘Wishes He Hadn’t Done That’ After Killing, Roommate Says appeared on BitcoinEthereumNews.com. Topline The roommate of Tyler Robinson, the accused killer of conservative activist Charlie Kirk, said the alleged assassin returned home the day after the killing and said he wished “he hadn’t done that” in a video interview played in court on Thursday. Tyler Robinson appears at a court hearing in December. Getty Images Key Facts Portions of the interview conducted in April with Lance Twiggs, Robinson’s former roommate and romantic partner, were ordered redacted by Judge Tony Graf, but several answers to questions were played at a hearing on Thursday. Twiggs said he first saw Robinson the morning after the shooting, when he asked him about text messages the two had exchanged the night before, the contents of which were not played in court on Thursday but were included in the indictment—including what appears to be a confession. “I just asked him

The post Circle Hit With Criminal Complaint Over 381,000 Stolen USDC Tokens appeared on BitcoinEthereumNews.com. USDC News Wisconsin prosecutors have filed a criminal complaint against Circle, the issuer of USDC, alleging the company intentionally disobeyed a court order to recover roughly 381,000 stolen tokens for a local scam victim. The misdemeanor obstruction-of-justice charge, unusual against a firm of Circle’s size, sharpens a broader dispute over how much responsibility stablecoin issuers bear for clawing back illicit funds. At the center is a simple question: why does the world’s second-largest stablecoin issuer appear less willing than its rivals to help law enforcement recover money once it settles on-chain. Circle disputes the allegations and has moved to dismiss the case outright. The dispute traces back to a romance scam in Walworth County. In May 2025, a resident received an unsolicited text from a scammer using the name Lenora, who posed as a romantic partner and steered

The post Hyundai Card Tests Stablecoin Global Payments. appeared on BitcoinEthereumNews.com. Hyundai Card completed a $20,000 USDT transfer between US and Mexico subsidiaries in seven minutes. The pilot used Avalanche, Tether, and Axiym to test faster blockchain-based corporate payments. Hyundai Card plans Europe trials with Visa and Circle for local currency stablecoin transfers. Hyundai Card has completed a stablecoin-based cross-border payment test between Hyundai Motor subsidiaries in the United States and Mexico, marking a major step toward blockchain-powered corporate settlements. The payment company tested real intercompany transfers using stablecoins, aiming to improve international payment efficiency while exploring new financial infrastructure for global operations. Hyundai Card Completes Stablecoin Transfer Between Hyundai Units Hyundai Card, the payments division of Hyundai Motor Group, said Thursday it has completed a proof-of-concept (PoC) involving stablecoin transfers b