Search results for Arc blockchain
Crypto
Circle raises $100 million from Binance to boost USDC global expansion
Binance is investing $100 million in stablecoin issuer Circle and will support the spread of USDC on its platform for five years. Under the agreement, Binance will buy $100 million worth of Circle shares at $80.84 per share, with a lock-up of up to two years with some exceptions. Circle will pay Binance a monthly incentive fee linked to USDC balances. Circle shares rose more than 1 percent in premarket trading on Sept. 22.
Crypto
Crypto industry steps up push to build infrastructure for AI agents
Cryptocurrency firms are seeking to expand demand by drawing AI agents in as new users of wallets, stablecoins and payment networks. CNBC reported that Kraken, Coinbase and Circle are accelerating efforts to build infrastructure targeting AI software activity. The industry sees AI agents, designed to operate online, as naturally needing digital wallets, programmable money and 24-hour payment networks. Executives say stablecoins and smart contracts can automate payments and settlement without human oversight.
Crypto
Crypto firms step up search for new revenue as trading gains fall short in downturn
Crypto companies are accelerating efforts to diversify revenue as trading income weakens amid slower bitcoin and ether prices. Exchanges, brokers and stablecoin firms are expanding into derivatives, prediction markets and financial infrastructure to respond to the market downturn. Coinbase and Robinhood are widening financial services, while Gemini is extending into new products. Corporate treasury-focused firms are also revising strategies, with Strategy reporting a net loss tied to bitcoin’s decline.