Circle shares dropped nearly 20% Tuesday, falling toward the $100 level after a CoinDesk report revealed new draft language in the CLARITY Act that would ban yield on stablecoin balances. The proposed rules would prohibit issuers from offering passive rewards for simply holding a stablecoin and restrict structures that resemble interest-bearing deposits. While activity-based rewards may still be allowed, the …
Category:
Crypto
-
Crypto platforms may no longer offer interest-like stablecoin rewards, but activity-based …
-
Crypto
Circle stock crashes 22% as U.S. bill targets stablecoin rewards
by Trevor Jonesby Trevor JonesCircle (CRCL) sank about 22%, its worst drop since June 2025, after …
-
Crypto
Ledger unveils Wallet 4.0 as it shifts from cold storage to full crypto platform
by Trevor Jonesby Trevor JonesLedger is rolling out Wallet 4.0, a broad upgrade to its all-in-one …
-
Crypto
CESR becomes core benchmark as institutions seek yield in crypto
by Trevor Jonesby Trevor JonesCESR, the Composite Ether Staking Rate, is emerging as Ethereum’s reference rate, …
-
Crypto
OpenAI to shut down Sora app months after launch as focus shifts to agents
by Trevor Jonesby Trevor JonesOpenAI plans to shut down its Sora AI video generator just months …
-
Crypto
HYPE whale exits $22.9m position as Hyperliquid token hovers near highs
by Trevor Jonesby Trevor JonesHigh Stakes Capital has fully exited a 602,421 HYPE position for $22.9m …
-
Crypto
Robinhood approves $1.5B buyback as stock nears 55% drop since October high
by Trevor Jonesby Trevor JonesRobinhood has approved a new $1.5 billion share repurchase program, giving the …
-
Crypto
Polymarket and Kalshi Tighten Rules Amid Insider Trading Scrutiny
by Trevor Jonesby Trevor JonesPrediction market leaders Polymarket and Kalshi are escalating their battle against insider …
-
Crypto
Morgan Stanley to support tokenized stocks on internal venue by 2026
by Trevor Jonesby Trevor JonesMorgan Stanley will let clients trade tokenized versions of U.S. stocks and …
