Is Circle Becoming a Bank? CSO Slams Rumors, Demands Stablecoin Law

Circle, issuer of USDC, has clarified it does not intend to become an insured bank but expects to obey any future U.S. stablecoin statute, potentially via a federal or state trust charter. The company has reminded Congress that unresolved oversight contrasts with clearer rules in Europe and Japan.
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Pudgy Penguins’ $PENGU Jumps 37% Amid ETF Filing and Validator Launch on Solana

Memecoins have returned to the center stage, with Pudgy Penguins’ native token, $PENGU, leading through a sharp 37% rally. Despite concerns that the broader memecoin “supercycle” may be fading, recent moves suggest renewed investor appetite, especially around Solana-based speculative tokens.After falling from grace earlier this year, the memecoin market has seen surprise breakouts from coins […]
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Fed Pulls Back Guidelines for Banks on Crypto and Stablecoins

The US Fed on Thursday withdrew its guidelines for banks on crypto and stablecoin activities, signaling a shift toward more flexible supervision in response to the growing digital asset market.
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