📈 Circle reported Q2 total revenue and reserve income of $701 million, up 7% year-over-year, with USDC circulation reaching $73.3 billion
Net income for the quarter was $48 million, while the reserve return rate declined 66 basis points year-over-year to 3.5%, reflecting a softer interest rate environment.
⚡️ Circle announced 11 founding validators for its upcoming Arc blockchain, including BlackRock, Visa, Mastercard, and DTCC ahead of the public mainnet launch on September 16
⚠️ The Second Circuit formally closed Sam Bankman-Fried’s appeal, keeping his FTX fraud convictions, 25-year sentence, and $11 billion forfeiture in place
The court rejected Bankman-Fried’s bid for a new trial in June, leaving the Supreme Court as his only remaining option for review.
💻 Apple briefly removed Telegram from the App Store due to an incident involving illegal content planted by an attacker
Telegram said its moderation rapidly removes such material, and the event was caused by a takedown extortionist exploiting message editing to bypass group members’ visibility.
The team has launched a seven-step token development plan, starting with free unlimited VPN in @need access for holders of 10,000 $MAJOR, followed by buybacks and further token burns.