Binance invests $100 million in Circle
Binance invests $100 million in CircleThe five-year USDC distribution deal extends Binance’s role, while Circle’s new incentive terms remain undisclosed.
Binance has become an equity investor in Circle as well as a paid distributor of USDC. The renewed five-year agreement extends a channel where customer balances climbed from about $1.5 billion in October 2024 to $7.1 billion on September 1, 2026. Security researchers linked an App Store tracking app to stolen wallet credentials, while US spot Bitcoin ETFs reported nearly $1 billion in inflows for September 21. The ETF figures may include creations from an earlier session, limiting what they establish about buying during Bitcoin’s breakout. Top News
Source illustration: the $7.1 billion balance is dated September 1, 2026 in the article; the artwork incorrectly labels it 2025. Circle pays millions for Binance distribution while its margins collapseBinance bought 1.237 million Class A shares at $80.84 each, a 5% discount to Circle’s September 17 closing price, with a two-year transfer restriction subject to exceptions. The renewed commercial agreement targets USDC access in emerging markets and replaces two earlier arrangements. Circle will continue paying balance-linked monthly incentives; the new rate and minimum balance commitments have not been disclosed. Rogue iPhone app escapes iOS sandbox to hijack $580,000 in USDTSlowMist and OKX researchers found exploit modules in FomoPeek versions 1.1 and 1.2 that could expose other apps’ credentials. Salus traced about 579,900 USDT in suspected proceeds; deleting the app cannot invalidate copied keys. Bitcoin ETFs just absorbed 11,500 BTC in their biggest buying day in nearly two yearsUS spot Bitcoin ETFs recorded $999 million in net inflows for September 21, led by BlackRock, ARK and Fidelity. Reporting delays mean the figures cannot establish that ETF buying caused Bitcoin’s breakout. From Our Sponsor
WINNLY Makes Mobile Gaming Rewarding — Play, Compete, EarnWINNLY lets players compete in 100% skill-based mini-games, climb leaderboards, and earn coins redeemable for gift cards from Amazon, PlayStation, Netflix, and more. What We’re Watching
Elsewhere in CryptoNarrowing price cushions leave Bitcoin loans vulnerable to 4.7% price dips as Aave weighs higher leverageProposed higher WBTC and cbBTC borrowing limits would narrow liquidation cushions; vote results and implementation remained unverified. Coinbase targets stock futures but CFTC standstill blocks launchThe CFTC register showed approval pending on September 22; proposed cash-settled contracts would not confer share ownership. XRP volume explodes to $7.4B, and a massive CME short squeeze is blamedSeptember 15 positioning showed a concentrated CME reset, predating the later rally and leaving traders’ motives unresolved. Why Bitcoin’s rally is dangerous according to new Fed dataThe research index measures structural vulnerability, with an unresolved dating discrepancy; it does not predict Bitcoin’s next move. Bitcoin may go quantum-safe while Lightning privacy stays exposedA research prototype adds off-chain quantum defenses but leaves funding keys exposed and cross-implementation testing unfinished. The Catalyst by CryptoSlateWhat’s moving crypto. Why it matters. What to watch next. CryptoSlate has covered crypto, markets, and decentralized technology since 2017. Read CryptoSlate · Tips, questions & corrections · Sponsor The Catalyst For information, not investment advice.
|
Komentar
Posting Komentar