Crypto News
Informal Systems’ Malachite Acquired by Circle to Power New Arc Blockchain Network for Stablecoin Finance
Informal Systems has announced the acquisition of its high-performance consensus engine, Malachite, by Circle Internet Group, Inc. (NYSE: CRCL) to support the launch of Arc1, a new Layer-1 blockchain network designed specifically for stablecoin finance. The Arc network is set to debut in testnet later this year, leveraging Malachite’s Byzantine Fault Tolerant (BFT) consensus engine,Source link
Ark Invest Buys $21.2M of Bullish Shares and $16.2M Robinhood Shares
Cathie Wood’s Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firm’s latest holdings disclosure.The update comes after Ark added 356,346 Bullish shares to ARKK on Aug. 19, a purchase worth about $21.2 million at the close of trading in New York, when the stock settled at $59.51 at close. The buy builds on Ark’s earlier allocation of more than 2.5 million shares spread across three ETFs on the day of Bullish’s debut.Bullish is the owner of CoinDesk.Ark also extended its buying spree in Robinhood (HOOD), purchasing 150,908 shares worth about $16.2 million at Tuesday’s close of $107.50.Robinhood has...
Ethereum Price at Two-Week Low as $4B Supply Overhang Looms
Ethereum investors are de-risking ahead of macroeconomic uncertainty, but experts remain bullish despite the short-term uncertainty.Source link
USDf Explained: The Synthetic Stablecoin Climbing the Ranks
With the stablecoin economy now valued at $276.8 billion, the sector has experienced striking growth—and one token has muscled its way into the top ten. In recent times, Falcon Finance’s synthetic stablecoin USDf has crossed the $1 billion mark in market capitalization, securing its place as the ninth-largest fiat-pegged token by value. USDf Unpacked: HowSource link
Coinbase Declares Stablecoins Superior—Faster, Cheaper, More Global Than Legacy Finance
Stablecoins are dominating the future of finance as billion-dollar IPOs ditch cash for blockchain, unlocking unmatched speed, savings, and global access. Stablecoins Power Historic $1.15B IPO, Reshaping Market Infrastructure Stablecoins are becoming an increasingly common tool in financial markets, viewed as faster, cheaper, and more globally accessible than traditional settlement systems. Coinbase reinforced this perspectiveSource link