Search results for cirBTC
Crypto
U.S. government moves seized bitcoin from Alameda accounts, sale in focus
The U.S. government moved some bitcoin seized from accounts linked to Alameda Research, drawing market attention to whether the holdings will be sold. Blockchain analytics firm Arkham detected the transfer but did not view it as a sale and did not specify the destination. The market is watching after repeated transfers of seized FTX and Alameda assets in recent months, including altcoins and hundreds of millions of dollars in crypto moved to Coinbase Prime.
Crypto
Circle\'s institutional bitcoin collateral cirBTC back in focus, supply stuck at 40 BTC
Circle\'s bitcoin tokenisation product cirBTC is already operating on Ethereum, but its circulating supply remains at about 40 BTC. Circle highlighted the token again as a neutral collateral tool for institutions, though it has been running since June 8. Etherscan data show about 11 holder addresses, and CoinGecko lists it as preview-only and not tradable on tracked exchanges. Circle said issuance and redemption are supported via Circle Mint.
Crypto
Circle launches cirBTC on Ethereum, targets institutional bitcoin collateral infrastructure
Circle has launched cirBTC, a bitcoin token on Ethereum backed 1:1 by native bitcoin, positioning it as a starting point for building institutional collateral infrastructure. The company said it holds the underlying bitcoin through its own entity and manages reserves separately from corporate assets, with on-chain reserve visibility. The product is designed to work with Circle Mint and USDC flows and is expected to add Arch and other chains.