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Crypto

Circle CEO welcomes DJ Khaled to \'Team USDC\', stirring backlash in crypto community

Circle drew criticism after posting content that made rapper DJ Khaled appear to have joined “Team USDC”. The company and its CEO later shared the post, but it did not mention any sponsorship deal, ambassador role or payment. The backlash revived controversy over DJ Khaled’s past promotion of the Centra ICO. He paid more than $150,000 in penalties in an SEC settlement over failing to disclose paid promotion.

Crypto

Blockchain nears institutional readiness; tokenisation to drive growth

Senior figures in the Ethereum ecosystem said blockchain technology is approaching a level where institutions can gain confidence, and that asset tokenisation and the spread of artificial intelligence could help blockchain become a core financial infrastructure. Ethereum co-founder Joseph Lubin said both technical maturity and regulatory clarity are improving and that institutions need not choose only public or private blockchains. Tom Lee said finance and AI settlement infrastructure could be built on Ethereum, with tokenisation and AI agents key drivers.

Crypto

Circle to launch Arc mainnet on Sept. 16 with 11 founding validators including Visa and BlackRock

Circle will open the public mainnet of its own blockchain, Arc, on Sept. 16. It named 11 institutions including Visa, Mastercard and BlackRock as founding validators. Circle said more than 100 developers are involved under a private mainnet, and the testnet processed over 500 million transactions across about 3 million wallets. It also reported second-quarter revenue of $701 million and net income of $48 million.