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Crypto

Circle may benefit from CLARITY Act provision, Bernstein says

A provision in the CLARITY bill being discussed in the U.S. Senate could work in favor of USDC issuer Circle, an analysis said. Bernstein said the measure could limit interest-rate competition among stablecoin issuers by banning deposit-like interest on simply held balances while allowing rewards tied to transactions and usage. It said Circle’s partner-based rewards model may fit within the permitted scope, helping protect returns from USDC reserves, though the bill’s passage remains uncertain.

Crypto

Goldman Sachs reshuffles crypto ETFs, keeps bitcoin and exits XRP and Solana

Goldman Sachs sold all of its holdings in XRP and Solana spot exchange-traded funds in the first quarter, according to a quarterly 13F filing with the U.S. Securities and Exchange Commission. XRP spot ETF holdings fell from about $152.2 million at end-previous quarter to zero, and six Solana-related products were fully sold. It also cut bitcoin and ethereum spot ETF positions, while adding a staking-focused ethereum trust.

Crypto

Ocero raises $13.5 million led by Sky for stablecoin yield infrastructure

Stablecoin yield infrastructure project Ocero has raised $13.5 million. The funding round was co-led by the Sky ecosystem and Plasma, with participation from USDT0, Maple, Accountable, Four Pillars, RedStone, The Rollup, and angel investors from Kairos Research. Ocero, backed by Stablewatch and Sorter Labs, offers products aimed at letting platforms attach Sky Savings Rate yields to services and enabling access across multiple chains.