The post CRCL Stock Outlook: ARK Invest Dismisses OUSD Threat to Circle as Cathie Wood Scoops $13M Shares appeared on BitcoinEthereumNews.com.
Circle (NYSE: CRCL) stock dropped by 1.65% on July 9, to close trading at $63. The drop mirrored the downturn seen with other crypto stocks like MSTR and COIN that also closed lower on July 9 after the broader crypto market dropped. But that drop moved ARK Invest to buy the dip, with the fund manager arguing that Circle’s USDC stablecoin will retain its share in the stablecoin market despite the launch of the OUSD stablecoin on June 30. ARK Invest Buys the CRCL Dip, Reiterates Bullish Outlook Data from the Ark Invest tracker shows that ARK Invest purchased $13.7 million worth of CRCL shares on July 9. The firm purchased 159,404 of these shares through its ARKK ETF, while 40,685 and 18,807 CRCL stock were purchased through the ARKW and ARKF ETFs, respectively. This purchase comes barely two weeks after ARK Invest purchased another $17.8 million w
The post Circle’s USDC Bridge Could Change How Stablecoins Move Across Chains appeared on BitcoinEthereumNews.com.
Circle launches USDC Bridge for direct cross-chain transfers as OCC approves its national trust bank plan. Circle has launched USDC Bridge to help users move USDC directly across supported blockchains. The product is designed to reduce extra steps in stablecoin transfers. The company said the bridge avoids extra asset selection, hidden routing logic, and liquidity pool dependency. This gives users a more direct path between chains. The launch comes as stablecoins remain central to trading, payments, and on-chain settlement. USDC is widely used across apps, exchanges, and DeFi markets. Circle also received final approval from the OCC to form a national trust bank. Its shares rose more than 7.7% in pre-market trading after the announcement. Circle Launches Direct USDC Bridge USDC Bridge gives users a direct way to move USDC across supported networks. The product was built by
The post Circle (CRCL) Stock Soars 13% Following Federal Trust Bank Charter Approval appeared on BitcoinEthereumNews.com.
Key Highlights CRCL equity climbs 13% following OCC’s final approval for national trust bank charter Circle National Trust will provide federally regulated custody for digital assets Federal OCC oversight will apply to the trust bank’s operations across the United States Management of USDC reserves is planned for future integration into banking services The approval enhances Circle’s position in worldwide regulatory compliance efforts Shares of Circle Internet Group (CRCL) climbed 13.17% during pre-market hours, reaching $71.25 following the OCC’s final banking approval. This marked a significant rebound from the prior session’s close of $63.01, which represented a 1.65% decline. The regulatory green light enables the company to launch a federally supervised national trust bank specializing in digital asset custody operations. Circle Internet Group, CRCL OCC Grants
Circle launches USDC Bridge for direct cross-chain transfers as OCC approves its national trust bank plan. Circle has launched USDC Bridge to help users move USDC directly across supported blockchains. The product is designed to reduce extra steps in stablecoin transfers. The company said the bridge avoids extra asset selection, hidden routing logic, and liquidity […]
The post Circle’s USDC Bridge Could Change How Stablecoins Move Across Chains appeared first on Live Bitcoin News.
The post Circle takes banking step with U.S. trust bank approval appeared on BitcoinEthereumNews.com.
Circle (CRCL), the issuer of the world’s second largest stablecoin USDC, received approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank. National trust banks are authorized to provide users with custody and fiduciary services but do not accept consumer deposits or make loans like traditional commercial banks. Shares are higher by 14% in pre-market trading. “OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the U.S. financial system,” Circle CEO Jeremy Allaire said Friday in a statement announcing the milestone. “Federal oversight of our trust bank sets a new standard for transparency, governance, and scale for Circle’s infrastructure.” The move comes as crypto firms such as Kraken, increasingly seek federal charters, licenses and banking approval
The post Circle Stock Climbs 15% in Pre-Market After Final OCC Approval appeared on BitcoinEthereumNews.com.
Circle stock climbed nearly 15% in pre-market trading Friday after Circle Internet Group (NYSE: CRCL) won final approval to open a federally regulated national trust bank. The gain reversed a sharp recent selloff. The jump followed a rough stretch for CRCL. Shares had swung from a 52-week high near $263 to near $63 as a new stablecoin rival emerged. Circle (CRC) Stock Performance. Source: Yahoo Finance Why Circle Stock Climbed on the OCC Approval The Office of the Comptroller of the Currency (OCC) cleared Circle to open Circle National Trust, a national trust bank. The decision moves Circle beyond the conditional approval it won in December 2025. Just in – @circle received final OCC approval to establish a National Trust Bank 🇺🇸 Circle received approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, N.A., a nati
The post Morning Minute: Robinhood Chain Explodes Onto the Crypto Scene appeared on BitcoinEthereumNews.com.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors rebound 3% across the board; BTC at $64.3k Circle receives OCC approval for national trust bank charter; CRCL +10% A new draft of the Clarity Act could come next week as clock ticks Polymarket seeks regulatory approval to allow margin trading Robinhood Chain memes explode as Cashcat jumps 80%, several others up 200%+ 📈 Robinhood Chain Explodes Out of the Gate, Flipping Hyperliquid and Lifting Arbitrum One week after launch, Robinhood Chain has already become one of the busiest networks in crypto. The Arbitrum-powered blockchain processed $568 million in trading volum
The post Circle Secures OCC Approval For National Trust Bank appeared on BitcoinEthereumNews.com.
USDC stablecoin issuer Circle on Friday announced it received final approval from the US Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank (FNDCB), a national trust bank that will operate under the name Circle National Trust. “OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the US financial system,” Circle CEO Jeremy Allaire said. The approval comes after Circle applied for the charter in June 2025, allowing it to establish a federally regulated trust institution and expand its digital asset custody infrastructure. Circle’s new bank begins with limited custody scope Circle National Trust will initially provide fiduciary digital asset custody services for Circle and its affiliated companies, according to the company’s approved business plan. The bank co
