Ark Invest scoops up $18 million in Circle shares as stock dips 41% over past month

Quick TakeCathie Wood-led Ark Invest bought $17.8 million worth of Circle shares on Wednesday.Circle closed down 1% today after falling nearly 18% on Tuesday following the launch of the rival stablecoin project OUSD.  Cathie Woods investment firm Ark Invest snapped up more shares of Circle Internet Group on Wednesday as the USDC stablecoin issuers stock slipped further.  The firms latest trading disclosure shows that Ark bought a total of 287,609 shares of Circle across three of its exchange-traded funds — ARKK, ARKW, and ARKF. At todays closing price of $61.95, Ark Invest added roughly $17.8 million worth of the stock.  Circle (CRCL) closed down 1.1% today after it plunged by nearly 18% during Tuesdays trading session, which marked its worst single-day decline in recent months. It is down 41% over the past month.  The sharp fall was widely attributed to Open Standard announcing Open USD (OUSD), a new stablecoin backed by more than 140 companies including Visa, Stripe, Mastercard, BlackRock and Coinbase.  Investors assessed potential competitive threats to Circles USDC, and Coinbases involvement in the new stablecoin project, as the exchange earns roughly 50% of USDCs reserve income under its distribution agreement with Circle.  No immediate threat  While CRCL took a heavy hit and extended its decline

07-02انڈسٹری

Large XRP Outflows From Coinbase Signal Aggressive Whale Accumulation

Large $XRP transfers above 1 million tokens from Coinbase increased from about 10% to 25.7% of total outflows between mid-June and July 1, based on CryptoQuant data.Whale accumulation signals intensified sharply, while Binance remained stable near 49.6% in large withdrawals.The data suggests shifting behavior across exchanges, while destination of funds remains unconfirmed, keeping the focus on accumulation patterns rather than selling pressure.  $XRPoutflows from Coinbaseshow a sharp rise in large transfer activity recorded on-chain during late June and early July. The movement, tracked through CryptoQuant, reflects higher participation from large holders while price action remains stable around the one dollar level across major exchanges. Exchange flow divergence is becoming more visible, especially between Coinbase and Binance. Large wallet activity continues to dominate the marginal flow increase, even as retail participation remains relatively flat.  $XRP Outflows From Coinbase And Whale Accumulation Dynamics  On Coinbase, transfers exceeding 1 million $XRP expanded sharply during the second half of June, according to CryptoQuant readings. The share of these large transactions climbed from roughly 10% on June 16 to 25.7% by July 1, highlighting a clear shift toward higher-value withdrawals. Whale participation increased significantly within a short window, suggesting coordinated or structured accumulation behavior. Mid-tier flows also adjusted,

07-02

'XRP Ledger Was 15 Years Ahead': Ripple's Ex Chief Engineer Reacts to New Visa-Mastercard Stablecoin

The announcement of the Open USD (OUSD) stablecoin by a consortium of 140 financial giants, including Visa, Mastercard, Stripe and BlackRock, sparked discussion about the historical roots of this technology. Former Ripple principal engineer Matt Hamilton noted that the structure of the new project effectively repeats the architectural solutions embedded in the $XRP Ledger (XRPL) back in 2012.  The comment was prompted by an ironic post on X about the emergence of yet another “universal standard,” which only increases the number of competing coins on the market.  The 2012 concept  According to Hamilton, the original idea of the $XRP Ledger creators was based on the prediction that, in the future, every bank would want to issue its own stablecoin. To ensure their interoperability, the developers integrated two core functions into the network at the dawn of the industry: the free issuance of custom tokens and a built-in decentralized exchange (DEX) with an automated order book.  Fifteen years ago, the traditional financial sector showed no interest in this model. However, current events show that major players eventually arrived at exactly this approach.  “The original concept behind the $XRP Ledger and the reason it allows anyone to issue stablecoins and has a built-in DEX was because they

07-02

Attackers deliver infostealer to Polymarket trading bot users, DeFi devs through npm packages

Hackers created a fake trading bot for Polymarkets prediction markets on GitHub. The bot was used to spread malware that steals credentials like wallet keys and browser passwords.  30 malicious packages were found across several npm accounts, reportedly targeting developers and traders who use automated strategies. At least 53 developers fell for the trap before it was flagged.  How did a fake bot spread to over 53 developers?  On July 1, 2026, the security firm SlowMist flagged a fake trading bot that promised big profits on Polymarket but was actually just a delivery vehicle for malware. SafeDep found 30 malicious npm packages spread across multiple accounts and tied to one fake GitHub repository.  The criminals posted a “polymarket-arbitrage-bot” that claimed to make over $80,000 per year. It got 36 stars and 53 forks before the scam was exposed. Every developer who downloaded and installed it ran the malware.  The attackers were aware of the fact that real trading bots have made huge money on Polymarket.  One bot profiled by prediction-markets analyst Dexters Lab turned $313 into $414,000 in just one month, while another, analyzed by researcher Igor Mikerin, made $2.2 million over two months. This track record made the fake bot look believable to traders chasing

07-02

Ark Invest Bought Over $75M in Crypto Shares During June

ARK Investment Management LLC (ARK Invest), led by Cathie Wood, bought more than $75 million worth of crypto stocks, including shares of Coinbase, Circle, and Bullish, during June 2026s brutal market bloodbath. The firm bought the dip as Bitcoin ($BTC) posted its worst monthly performance in four years.  Ark Invest Buys Over $75M in Crypto Shares During June Bloodbath  According to sources, Ark Invest loaded up on shares of major cryptocurrency companies as the sector experienced a sharp downturn in June 2026. The St. Petersburg, Florida-based investment manager has a well-established tendency to “buy the dip” in crypto-related equities during periods of market weakness.  These buys occurred across ARKs flagship Exchange-Traded Funds (ETFs), primarily the ARK Innovation ETF (ARKK), along with the ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF). Purchases were spread across multiple trading days in late June, capitalizing on depressed prices.  How $BTC‘s Worst Month in Four Years Triggered ARK’s Buy-the-Dip Move  $BTCs worst monthly performance in four years triggered a broad selloff across the crypto market, pushing digital asset stocks lower. $BTC prices dropped by about 20% over the month, as $BTC rallied from near $73,000 at the end of May to the $58,000 – 60,000 level

07-02

USDT Exits EU Markets Today as MiCAs Final Curtain Falls on Tether

In recent news waves, the EUs $USDT MiCA ban is currently taking effect. July 1, 2026 marks the hard deadline for the blocs Markets in crypto-assets rules, and Tether, with its $186 billion $USDT, has officially lost the spot on regulated European exchanges. Coinbase, Kraken, and Crypto.com, which are MiCA licensed, have already pulled $USDT out of their EU order books. The worlds largest stablecoin by market cap now has no compliant pathway onto any EU-regulated platform.

07-02

OUSD stole Hyperliquids homework — then hit Circle with it

Yesterday, a massive new competitor, Open USD (OUSD), arrived to displace Circle Internet Group, issuer of the world‘s second-largest stablecoin, $USDC. Behind its glamorous roster of financial titans was a stablecoin inspired by Hyperliquid’s USDH.  The list of OUSD backers is long and powerful; a who‘s who of the world’s largest payments conglomerates.  It reads as though a crypto investor wished on a star and every dream came true.  Visa, Mastercard, Discover, American Express, Stripe, BlackRock, BNY, Google, Samsung Electronics, IBM, Shopify, Western Union, MoneyGram, Coinbase, OKX, Ripple,and MetaMaskall appeared on the press release.  The consortium will cooperatively benefit from the interest on reserves backing OUSD. HyperLiquid popularized this idea of shared revenue from stablecoin reserves when it launched its USDH.  Circles common stock collapsed by 17% on Tuesday, erasing $3.3 billion in market capitalization in less than seven hours.  Behind it all was a Hyperliquid-inspired stablecoin model.  How OUSD cost Circle $3.3 billion in one day  Hyperliquid is an upstart competitor of Binance and other crypto exchanges.  It made a media splash in 2025 due to controversial features like influencer-backed copytrading funds, highly leveraged trading pairs, and a leaderboard of degeneracy.  As Hyperliquid grew, it decided to launch its own blockchain and stablecoin, USDH.  Embracing an unconventional go-to-market strategy, Hyperliquid

07-02

Ripple President Reveals What's Next for XRP in Global Payments Race

Ripple President Monica Long recently shared a vision for the future of digital payments. “The future of payments will be multichain, interoperable, and built on institutional-grade blockchain infrastructure,” said the Ripple President.  The future of payments will be multichain, interoperable, and built on institutional-grade blockchain infrastructure.  Our focus is simple: continue making the XRPL the leading blockchain for institutional payments – and a natural home for the next generation of key regulated… https://t.co/8Pc5Yleskr  — Monica Long (@MonicaLongSF) June 30, 2026  Long was reacting to recent developments, including Ripple joining the Open USD stablecoin as a day-one integration partner, highlighting the companys commitment to open, multichain infrastructure that supports institutional adoption across the digital asset ecosystem.  Open USD, a dollar-pegged stablecoin, was launched by a consortium of more than 140 financial and technology companies, including Visa, Mastercard, Stripe and Coinbase, on Tuesday.  The roll call of backers resembles a cross-section of Wall Street and Silicon Valley. Ripple, BlackRock, BNY, Standard Chartered, Google and Shopify are all listed as founding partners.  With financial institutions showing growing interest in blockchain-based settlement and regulated stablecoins, Ripple President Long highlights the companys long-term strategy for expanding the role of the $XRP Ledger, $XRP and $RLUSD in institutional finance.  $XRP, XRPL and $RLUSD vision

07-02

Cloudflare Launches Monetization Gateway for Stablecoin Payments via x402

Cloudflare opened a waitlist Wednesday for its Monetization Gateway, a new tool letting customers charge for any web page, dataset, API or MCP tool sitting behind its network. Payments settle in stablecoins over the x402 protocol.  The announcement came from Cloudflares official X account Wednesday morning. Cloudflare, which says it handles roughly a fifth of global Internet traffic, is building on x402 through the x402 Foundation, the standards group the Linux Foundation launched in April.  Agent-Driven Web Traffic  Cloudflare pitched the product around AI agents replacing human visitors as the webs dominant traffic source, arguing that shift makes per-seat and subscription pricing a poor fit for machine-to-machine transactions, since an agent reads a page or calls an API once rather than maintaining a monthly account. The same agent-traffic surge is what pushed rival infrastructure providers toward per-request billing over the past year.  The Monetization Gateway gives site operators a single control plane to set payment policies and enforce them at Cloudflares network edge, before a request reaches the origin server. It is Cloudflares answer to a problem stablecoin rails have targeted for over a year: collecting sub-cent payments cheaply enough that the transaction cost does not exceed the payment itself.  Papper Joins From Syndicate  Will Papper

07-02

JD Vance Quietly Doubles Down on Bitcoin, Filing Shows Stake up to $500K

JD Vances Bitcoin Bet Grows Five-Fold Since His First Senate Disclosure  The filing, an OGE Form 278e, listed “ bitcoin” under Part 6, Other Assets and Income. Vance holds the position through a Coinbase account. The form shows no reported income from the holding or income under $200.  OGE rules require filers to report values in broad brackets rather than exact dollar amounts. Vances disclosure does not state how much bitcoin he owns, when he bought it, or its current market value.  A Growing Position  Vances bitcoin position, however, has grown since he first disclosed it. As a Senate candidate in 2022, he reported a bitcoin cache held on Coinbase worth $100,001 to $250,000. By his 2024 vice presidential nominee filing, the range had moved up to $250,000 to $500,000, where it remains in the new filing.  Vance spoke about his bitcoin ownership at the Bitcoin 2025 Conference in Las Vegas last May. He told the crowd he was one of the only candidates running for office who actually owned bitcoin when he ran for Senate. He said he still owns a fair amount of bitcoin today.  The Rest of the Portfolio  The bitcoin holding sits inside a much larger financial picture. Propublica‘s review of the same

07-02
1
...
233235
...
1000