Search results for "CIRCLE"

The FATF warns of the criminal risks of stablecoins, and executives in the encryption field say: it is not aimed at the encryption industry.

PANews July 1st news, the Financial Action Task Force (FATF) recently warned of a rise in crime related to stablecoins, but executives from blockchain intelligence companies stated that this is not a threat to the Crypto Assets industry, but rather emphasizes the need to strengthen regulation and monitoring. Executives from Chainalysis and Asset Reality believe that this warning is aimed at promoting unified licensing and regulation for stablecoin issuers, enhancing real-time monitoring and international cooperation to track and combat illegal flows of funds, rather than prohibiting the development of stablecoins. Chainalysis data shows that the 2025 cryptocurrency crime report indicates that 63% of on-chain illegal transaction volume is denominated in stablecoins. Experts point out that the transparency and traceability of stablecoins make them not the best choice for criminals, while centralized stablecoin issuers also have the ability to freeze illegal funds, such as Tether freezing $225 million of US.
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Since xStocks launched tokenized stocks, the trading volume has exceeded $1.5 million, with the number of trading users reaching 1551.

According to Dune data, Backed's tokenization platform xStocks has reached a volume of $1,574,670 since its launch, with 1,551 users and 61 tradable assets, among which NVIDIA and MicroStrategy have the highest trading volume.
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ZachXBT accuses Circle of failing to take action against USDC payment activities related to North Korea.

PANews reported on July 1 that on-chain detective ZachXBT stated that Circle and USDC are used as the primary payment infrastructure by North Korean IT workers, but no measures have been taken to detect or freeze related activities, while claiming compliance. He noted that recent transaction volume has reached high eight digits, yet no one is paying attention during the current "crime supercycle."
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On-chain detective reveals: North Korean IT workers are using USDC for payments.

Gate News bot news, on-chain data analyst ZachXBT disclosed through platform X that North Korean IT practitioners are widely adopting the stablecoin USDC issued by Circle as a payment tool. According to his investigation, the recent transaction scale reached tens of millions of USD. In his post, ZachXBT questioned Circle, pointing out that although the company emphasizes "Compliance", it is...
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ZachXBT: USDC has become the primary payment tool for North Korean IT personnel, Circle has not frozen related activities.

Odaily News On-chain detective ZachXBT posted on platform X, stating that the stablecoin USDC issued by Circle is widely used for payments by North Korean IT workers, claiming to have discovered that the recent transaction volume has reached tens of millions of USD. He criticized Circle for not taking any freezing or monitoring measures while claiming to be "compliant," sarcastically stating, "This is a crime Supercycle, and no one cares."
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Circle applies to establish the first Digital Money trust bank in the United States.

According to Gate News bot, Reuters reported that stablecoin issuer Circle has submitted a trust bank license application to U.S. regulators. Circle plans to establish a national trust bank in the United States, named First National Digital Currency Bank, N.A. Once the application is approved, the bank will have custody rights for reserves.
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Circle is about to obtain a trust bank license in the United States.

Gate News bot message, on July 1st, stablecoin issuer Circle is applying for a U.S. trust bank license to create a new national trust bank entity. If approved, Circle will establish the first national digital currency bank, which can provide custodial services, including the custody of tokenized stocks and bonds. Circle CEO Je
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Encryption stocks are expected to rise by 119% in 2025, which may reshape the structure of the US stock zone.

Odaily News According to a report by 10x Research, as of 2025, encryption concept stocks have accumulated a rise of 119%, surpassing the pump of Bitcoin and most traditional assets. With companies like Circle pushing for billion-dollar IPOs, Wall Street is quietly incorporating encryption stocks into mainstream allocations. The report states that 2025 could become the "year of encryption stocks," with encryption companies expected to become an important component of the emerging zone in U.S. stocks.
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Anthony Pompliano's ProCap BTC invests $386.5 million to increase its holdings of 3724 BTC

Gate News bot message, Cryptocurrency entrepreneur Anthony Pompliano stated that his BTC Financial Service company ProCap BTC increased its holdings by an average of 3724 BTC at a price of $103,785, worth $3.865 billion.
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Circle's stock price fell by 15%, the Bank for International Settlements warned of the risks of stablecoin causing the stock market frenzy to cool down

Gate News bot reported that according to CoinDesk, there are signs of cooling down in the stock frenzy of the Stablecoin company Circle (CRCL). After hitting a historical high of $299 on Monday, the stock fell 15% on Tuesday, continuing the previous pullback trend, with a total fall of about 25% from the peak. However, the current stock price of $223 is still more than 600% higher than the IPO issuance price earlier this month. The fall this time is not surprising, as some analysts have noticed that the stock is overvalued compared to its peers, and Ark Invest has been continuously selling stocks worth over $300 million since the IPO. However, Tuesday's fall coincided with the Bank for International Settlements (BIS) once again casting doubt on the future of Stablecoin. BIS is a Financial Institution owned by Central Banks from various countries.
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CRCL fell over 6% before the market opened, currently reported at 247.42 USD.

Odaily News Yahoo Finance data shows that US stock Circle (CRCL) fell over 6% in pre-market, currently reported at 247.42 dollars.
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Since its listing, Circle (CRCL) has accumulated a rise of over 740%, with a market capitalization reaching 103.6% of USDC.

According to market data, Circle Internet Group (CRCL) has risen by 9.64% in the US stock market, with a market capitalization of $63.89 billion, and its stock price has increased by 749% compared to the IPO price. The market capitalization of USDC is $61.675 billion, and Circle's market capitalization has surpassed this figure.
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Payment giant Fiserv plans to launch the FIUSD stablecoin on Solana by the end of the year.

According to Gate News bot, FinanceFeeds reports that payment giant Fiserv plans to launch a fiat-backed stablecoin FIUSD on the Solana blockchain by the end of the year, aimed at providing real-time, around-the-clock settlement for its global network of banks and merchants.
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The Nasdaq-listed company Fiserv will launch a USD-pegged stablecoin on Solana by the end of the year.

According to the statement on June 23, the major player in the global payment and financial services sector, Fiserv Inc., announced plans to launch a USD-pegged stablecoin called FIUSD on the Solana blockchain.
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ARK Invest reduced its holdings by 415,844 shares of Circle (CRCL) yesterday, approximately $109.5 million.

According to BlockBeats news on June 24, data from Ark Invest Daily shows that ARK Invest, led by Cathie Wood, reduced its holdings of 415,844 shares of Circle stock (CRCL) on June 23, valuing approximately $109.5 million at a closing price of $263.45.
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Ark Invest reduced its holdings of Circle stocks worth over 100 million USD yesterday.

PANews June 24 news, Ark Invest Daily data shows that Cathie Wood's ARK Invest reduced its holdings of Circle shares by a total of 415,844 shares on June 23, including a reduction of 306,921 shares through the ARKK fund, a reduction of 72,302 shares through the ARKW fund, and a reduction of 36,621 shares through the ARKF fund, with a closing price of 263.45 USD, totaling approximately 110 million USD.
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The US stablecoin giant applies to establish a national trust bank.

According to Gate News bot and CNBC, the well-known stablecoin issuer Circle is applying to establish a national trust bank in the United States. This move is an important strategic deployment after the company recently achieved an estimated valuation of approximately $18 billion through an IPO. If approved by the Office of the Comptroller of the Currency (OCC), Circle will be able to use its own reserves as...
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Circle applies to establish a national Digital Money bank, focusing on the custody of USDC and tokenization assets.

Gate News bot message, Reuters reported that stablecoin company Circle has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish the "First National Digital Currency Bank, N.A." national trust bank. This application is one of the supporting measures for Circle's IPO plan. After obtaining the license, Circle will have the autonomous custody rights of USDC reserves.
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J.P. Morgan downgrades Circle rating: target price $80

Gate News bot message, Bloomberg reports that despite Circle's stock price rising nearly 490% after its listing, lead underwriter JPMorgan has given it a "downgrade" rating. JPMorgan set a target price of $80, down about 60% from its peak. JPMorgan analyst Kenneth Worthington pointed out in his report that Fiserv, Mastercard, Amazon
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Circle has burned 250 million USDC on the Solana blockchain.

Gate News bot message, latest news: Circle has completed the destruction of 250 million USDC on the Solana chain. According to on-chain data, as of now, Circle has burned a total of 16.75 billion USDC on the Solana network.
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Data: US stock stablecoin concept stocks rise, Robinhood's rise exceeds 6%.

According to ChainCatcher news, market data shows that the US stock stablecoin concept stocks are rising, with Robinhood rising over 6% and Circle rising over 3%. According to ChainCatcher's previous report, as reported by Jinshi, U.S. Treasury Secretary Bessent stated that legislation on stablecoins may be completed by mid-July, which will be a source of demand for U.S. government bonds.
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JPMorgan covers Circle stock for the first time, setting a target price of $80.

According to Gate News bot, Cointelegraph reported that JPMorgan recently released a research report, analyzing Circle's stock for the first time and giving it a "reduce" rating. The report sets a target price of $80 for December 2026, which is 55% lower than the current stock price of $180. This pricing is based on a 45 times valuation of the expected earnings per share for 2027, plus an additional $10.
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JPMorgan Chase issues its first rating on Circle's stock: assigns a "Reduce" rating and sets a target price of $80 by the end of 2026.

Gate News bot message, According to reports, on June 30, the JPMorgan analyst team rated Circle (CRCL) stock for the first time, giving it a "Underweight" rating and setting a target price of $80 for December 2026. This target price is 55% lower than Circle's current stock price of $180. Analysts believe that despite Circle's emergence in the stablecoin sector.
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J.P. Morgan has downgraded Circle's rating to "hold," expecting the stock price to fall to $80 by the end of 2026.

JPMorgan analysts have given Circle stock a downgrade rating, setting a target price of $80, which represents a 55% drop from the current stock price of $180. The analysis suggests that Circle holds a dominant position in the emerging stablecoin market, but its market capitalization is too high.
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Bernstein gives Circle an "Outperform" rating with a target price of $230.

According to Gate News bot, The Block reported that research and brokerage firm Bernstein has issued its first rating on stablecoin issuer Circle, giving it a " outperform" rating with a target price of $230. Analysts from Gautam Chhugani's team point out that Circle is building a leading digital dollar stablecoin network with regulatory advantages and liquidity.
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Circle's stock price fell over 5% in after-hours trading, currently reported at $171.3.

According to Gate News bot, the latest market data shows that on June 30, the Crypto Assets payment company Circle (stock code CRCL) experienced a significant fall in after-hours trading on the US stock market. As of now, the company's stock price has fallen by 5.06%, priced at $171.3.
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Stablecoin service provider APACX joins the Circle Alliance Program to expand its business in Southeast Asia.

Gate News bot message, according to Foresight News, the Southeast Asian stablecoin operating service provider APACX has officially become a member of the Circle Alliance Program. The Circle Alliance Program is a global alliance created by the stablecoin issuer Circle, bringing together partners from fintech, electronic payments, and blockchain. �
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Circle signed a SPA with a market capitalization of $58 billion.

Gate News bot message, Circle achieves a valuation of $58 billion through a merger agreement with Concord Acquisition Corp's SPAC. This transaction reflects the current market demand for stablecoins. According to public disclosure, Circle announced on July 8 that it had reached a SPAC merger agreement with Concord Acquisition Corp. USDC, as Circle's main business...
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Circle's market capitalization has surpassed USDC.

ChainCatcher news, Circle's market capitalization has now surpassed the total market capitalization of its issued stablecoin USDC.
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Anthony Pompliano announced a $1 billion merger plan to create a Nasdaq-listed Bitcoin Financial Service company.

ChainCatcher news, Anthony Pompliano announced today that he will merge with the listed SPAC company Columbus Circle Capital Corp I (stock code: $CCCM) through his private company ProCap BTC, LLC, creating a company named ProCap.
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Circle(CRCL.N) rise expanded to over 24%, approaching the 300 dollar mark.

Gate News bot message, Circle(CRCL.N) rise has expanded to over 24%, with the stock price approaching the 300 dollar mark.
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Circle attracts enthusiastic support from Korean retail investors, with monthly net purchases exceeding $400 million.

According to Gate News bot, CoinDesk reported that Circle has become the most favored overseas stock among the South Korean public, with a net buying amount of 450 million USD this month. Circle's current price-to-earnings ratio is as high as 187 times, far exceeding that of TradFi fintech companies. At the same time, as the new president Lee Jae-myung accelerates the process of legalizing the Korean won stablecoin, South Korea...
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Data: Since its launch, Apps on Ethereum have generated approximately $26 billion in user transaction fees.

According to a report by Golden Finance and disclosed by Cointelegraph, since its launch, Apps on Ethereum have generated approximately $26 billion in user payment fees. Major contributors to Ethereum's "Gross Domestic Product" (GDP) include Tether, Uniswap, and Circle.
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Fiserv partners with PayPal and Circle to launch the USD stablecoin FIUSD, empowering global payments and banking services.

Gate News bot news, financial service technology company Fiserv( market capitalization 95.546 billion USD) announced a significant partnership to jointly launch its self-issued USD stablecoin FIUSD with payment giant PayPal and digital currency innovator Circle. This brand new stablecoin is scheduled to be officially released by the end of 2024.
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Data: The circulating supply of USDC has increased by about 400 million tokens in the past 7 days.

PANews, June 28 news, according to official data, in the 7 days ending June 26, Circle issued approximately 3.4 billion USDC and redeemed about 3.1 billion USDC, with a circulating supply increase of about 400 million. The total circulating supply of USDC is 61.6 billion, with reserves of approximately 61.9 billion USD, including about 8.6 billion in cash, and the Circle Reserve Fund holds about 53.3 billion.
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The financing boom for stablecoin startups has reached a new high, surpassing the peak in 2021.

Golden Finance reports that driven by Circle's successful listing and regulatory clarity, the stablecoin and payment sectors recorded 43 and 42 venture capital transactions respectively in the third and fourth quarters of 2024, setting a new quarterly high, with the total number of transactions for the year exceeding the 2021 peak for the first time. In the first quarter of 2025, this sector accounted for 7.5% of all venture capital transactions. The profitability model and sustainable development of stablecoin infrastructure have attracted significant traditional institutional funding, while regulatory progress such as the US GENIUS Act has further boosted investor confidence, making stablecoins one of the few crypto sectors that have surpassed the data of the last bull market.
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Bitcoin's market capitalization surpasses that of Google's parent company Alphabet, making it the sixth largest asset in the world.

Gate News bot news, 8marketcap data shows that Bitcoin (BTC) has surpassed Google's parent company Alphabet, becoming the sixth largest market capitalization asset in the world, only behind gold, Nvidia, Microsoft, Apple, and Amazon.
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VC prediction: Wall Street marries encryption, digital asset investments may reach a new high of 25 billion dollars in 2025.

Gate news, the global venture capital community is embracing the digital asset space with unprecedented optimism. Several top venture capital partners have revealed to the media that, driven by the strong influx of Wall Street capital, **the total investment in digital asset startups is expected to soar to between $20 billion and $25 billion by 2025**.
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Data: The total market capitalization of the euro stablecoin has risen by 44% this year, and the market capitalization of Circle's EURC has exceeded 200 million USD.

BlockBeats news, on June 27, according to CoinDesk, the Exchange Rate of the Euro against the USD has surged 12.88% this year, with EUR/USD rising from 1.0354 to nearly 1.17, reaching its highest level since September 2021. This rise is due to the breakdown of the correlation between The Federal Reserve (FED) and Central Bank interest rates, as well as a general shift in the market towards the USD. EUR/USD has also outperformed the Nasdaq and S&P 500 indices, nearly matching the rise of Bitcoin, with the 90-day correlation coefficient between EUR/USD and Bitcoin recently rising to 0.62, the highest since February 2024, indicating a certain degree of positive correlation. The total market capitalization of Euro-pegged stablecoins has grown 44% this year, increasing from USD 310 million to USD 480 million, with Circle's EURC stablecoin market capitalization increasing.
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The market capitalization of the euro stablecoin has soared to nearly $500 million, with the euro/USD and Bitcoin rising at the same rate in the first half of the year.

Gate News bot reported that according to data from TradingView, the EUR/USD is the most liquid forex trading pair in the world, having surged 12.88% in the first half of the year, outperforming the Nasdaq and S&P 500 indices, and nearly matching the Bitcoin's rise of 14.8%. The strength of the Euro has increased the appeal of Euro stablecoins.
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Analysis: The technical support for Bitcoin is solid, but the liquidity is lagging.

Matrixport's weekly report points out that The Federal Reserve (FED) has shifted to a dovish stance, with inflation dropping to 2.38% and the unemployment rate remaining at 4.2%. Market expectations for interest rate cuts have increased, and if Bitcoin price returns to key support levels, it may benefit from this. At the same time, the inflow of stablecoins is poor, and the market is following Bitcoin's performance.
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Retail investors flock into the stablecoin market, Circle feverishly sweeps South Korea raising nearly 450 million dollars.

Gate News bot news, Circle (CRCL), listed in New York, has become a breakout stock in Seoul for June. According to Bloomberg, South Korean retail investors have poured nearly $450 million into the stock of Circle Internet Group. This surge in investment has made Circle the stock with the highest overseas buying volume this month and one of the top four popular stocks of the year.
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Retail investors in South Korea have invested nearly $450 million in Circle stocks this month.

Circle Internet Group is highly sought after among retail investors in South Korea, with a cumulative purchase of $450 million in June, and its stock price has risen over 500% since its listing. This phenomenon is related to the reform of the legalization of the Korean won stablecoin, and KakaoPay's stock price also rose by 160% during the same period.
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The U.S. "GENIUS" stablecoin bill has passed: Tether (USDT) may face severe challenges, will the market landscape be reshuffled?

Gate news, the U.S. Senate passed the "Guiding and Establishing American Stablecoin National Innovation Act" (GENIUS Act) in June, aiming to officially integrate stablecoins into the financial mainstream and open a new chapter for the Crypto Assets market. However, according to a report by The Wall Street Journal (WSJ) on the 25th, if the bill ultimately becomes law, it will fundamentally change the game rules of the stablecoin market, but it will pose a severe challenge to the current market leader Tether (USDT): the bill sets strict Compliance thresholds, and if Tether fails to meet them, it may be expelled from the U.S. market, becoming the biggest loser of the bill.
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Asian banks seek stablecoins such as USDT and USDC to prevent deposit outflows

According to Gate News bot and CoinDesk, Asian banks are increasingly viewing stablecoins like USDT and USDC as defensive tools to prevent deposit outflows and losses in transaction income. Behind the scenes, stablecoins have been playing an important role in the financial channels of the region.
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Taurus launches Open Source stablecoin privacy technology based on USDC.

PANews June 26 news, according to CoinDesk, Swiss encryption custody technology company Taurus has launched a stablecoin privacy layer based on zk-SNARKs, initially supporting Circle's USDC. This technology is developed based on the privacy-oriented Aztec Network, enabling encrypted transactions and balances that can only be read by authorized parties such as issuers and regulatory agencies, effectively preventing unauthorized monitoring and user information leakage.
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The on-chain privacy solution Privacy Pools supported by Vitalik Buterin has added stablecoin support.

The privacy solution Privacy Pools, supported by Ethereum founder Vitalik Buterin, will increase support for USDT, USDC, and DAI stablecoins, aiming to achieve compliant on-chain privacy by filtering illegal funds through a mixed network design.
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Canton Network developers secured $135 million in funding from Goldman Sachs, Circle, and others, which will support tokenization asset use cases.

Gate News bot message, Canton Network developers have completed a $135 million financing round to expand the scale of its institutional Blockchain platform Canton Network. This round of financing attracted major investors including DRW Venture Capital, Tradeweb Markets, Goldman Sachs, BNP Paribas, and Circle Ventures.
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Cathie Wood high-level reduces Circle, crazy cash out billions of dollars in profit in three weeks! Ark Investment precisely trap now attracts follow

Gate News, according to Bloomberg, Ark Investment Management, led by the well-known investor 'Cathy Wood', recently staged a thrilling 'short-term trading' operation, which attracted widespread attention in the market. At the time when Circle Internet Financial (Stable Coin USDC issuance merchant) went public and the stock price soared by over 600%, Ark Investment Management decisively took action, selling approximately 1.5 million shares of Circle stock in just a few days, trapping a high of $333 million (estimated by Bloomberg).
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Digital Asset raised $135 million for expanding Canton Network

Gate News bot news, according to TapChiBitcoin, the company behind institutional Block chain Canton Network, Digital Asset, raised $135 million in a strategic financing round led by DRW and Tradeweb Markets, with participation from Goldman Sachs, BNP Paribas, Circle Ventures, Paxos, Polychain Capital, and QCP.
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