The Graph has activated x402 payments inside its Graph Gateway, allowing developers and AI agents to purchase on-chain data queries on a pay-per-request basis using USDC, according to an announcement from the project’s official X account. The team said that “Graph Gateway…
Bermuda is moving government payments onto Stellar, piloting USDC‑based rails with Circle and Coinbase as it chases a fully on‑chain national economy and cheaper cross‑border flows. The government of Bermuda is moving elements of its public payment infrastructure onto the…
In order to improve settlement capabilities along its cross-border USDT corridors in Asia, Stables, a prominent stablecoin infrastructure platform, has announced a strategic agreement with t-0 Network. Through the partnership, t-0 Network is established as a specialized settlement partner, allowing Stables to handle large volumes of transactions across several jurisdictions
The post Bitunix Launches “TradFi vs Crypto” Trading Competition With 630,000 USDT Prize Pool appeared on BitcoinEthereumNews.com.
Bitunix exchange has announced a new trading campaign called “TradFi vs Crypto: The Ultimate Showdown,” offering a total prize pool of 630,000 USDT for eligible participants. The campaign will run from May 12, 2026, at 10:00 UTC until May 25, 2026, at 23:59 UTC. The event is open only to invited users who successfully register. Users only need to register once to join both competitions:
The TradFi Trading Competition, with rewards of up to 180,000 USDT
The Crypto Trading Competition, with rewards of up to 450,000 USDT
To qualify for rewards, users must reach at least 50,000 USDT in valid trading volume in either competition. Bitunix said only futures trading volume with actual trading fees paid will count toward the competition. Both opening and closing trades are included. Trading done using fee discount vouchers or futures bonuses will only
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 Circle’s Q1 USDC revenue, profit dip; ARC presale wins appeared on BitcoinEthereumNews.com.
Homepage > News > Business > Circle’s Q1 USDC revenue, profit fall but ARC token presale a winner USDC stablecoin-issuer Circle (NASDAQ: CRCL) saw its Q1 profits slip but got a major boost from a nine-figure presale of its brand new Layer-1 network token. Figures released Monday show Circle’s total ‘revenue and reserve’ income hitting $694 million in the first three months of 2026, one-fifth higher than the same period last year. However, it’s down from the $770 million reported in Q4 2025 and from $740 million in last year’s Q3. Circle’s revenue primarily comes from interest on the reserve assets backing USDC (mostly U.S. Treasuries), and while USDC’s market cap grew 28% year-on-year during Q1, the average 3.5% return on those T-bills was down by 66 basis points. Reserve income still managed to rise 17% to $653 million, while ‘other’ revenue from subscription & services and transactio
Bitunix exchange has announced a new trading campaign called “TradFi vs Crypto: The Ultimate Showdown,” offering a total prize pool of 630,000 USDT for eligible participants.
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-