Solana USDC Liquidity Jumps As Circle Mints Another $1 Billion

Open USD signs 140+ partners including Visa, Stripe, and Coinbase; Circle stock drops 16% as the stablecoin fight shifts to distribution.

Analysts don't think the threat of a new stablecoin launch was enough to warrant a major Circle (CRCL) sell-off on Tuesday.

The platform, unmasked in late June after two-plus years as an anonymous "Trade Everything" teaser account, opens trading in Phantom's CASH stablecoin and leans on Chainlink oracles instead of human-run resolution.

World launched a fully onchain prediction market on Solana, offering crypto and World Cup markets through Phantom with resolution powered by Chainlink. The post World launches Solana prediction market inside Phantom appeared first on Crypto Briefing.

Solana perpetuals exchange Drift Protocol has rebranded to Velocity DEX, with a private beta planned in the coming days as the platform rebuilds after a $295M April exploit.

Jeremy Allaire argued that stablecoin networks are winner-take-most businesses built over years, two days after the launch of the 140-plus-firm Open USD consortium sent Circle's stock down more than 17% in a single session.

The launch of OUSD could disrupt stablecoin economics, challenging USDC's dominance and potentially reshaping the market landscape. The post Circle CEO defends USDC’s network effects amid Open USD consortium launch appeared first on Crypto Briefing.

Crypto ETF flows turned broadly negative on Tuesday, June 30, with bitcoin, ether, XRP, solana and HYPE ETFs all ending the session in the red. Bitcoin ETFs led the decline with $222.64 million in outflows, while ether funds posted another $27.60 million exit. Crypto ETF Selloff Deepens as Bitcoin, Ether and Altcoin Funds All Finish […]