Shares of stablecoin issuer Circle (CRLC) climbed on Monday, rising by 15% to 
$130 for the first time in nearly a month. The move came after the company 
disclosed it had raised $222 million in the presale of Arc, the native token 
tied to Circle’s new blockchain. The funding values Arc at a fully diluted 
network valuation of $3 billion Circle CEO Maps The Road Ahead Speaking to 
CNBC in an exclusive interview, Circle CEO Jeremy Allaire framed Arc as more 
than another crypto launch. He compared blockchain infrastructure to major 
technology platforms such as mobile operating systems and cloud services, 
arguing that it is becoming a foundational layer for how businesses operate. 
Related Reading: Dogecoin Price Set To Hit $5 Amid New Influx From Smart 
Money? “We want to build an operating system that has many, many stakeholders 
in it,” Allaire said, describing a model that includes major companies helping 
to run and ultimately govern the infrastructure. He added that Circle is 
moving toward becoming “a broader internet platform company,” entering “the 
operating system business” while also laying groundwork for an eventual push 
into “the apps business.” The Arc presale attracted heavyweight backing. 
Andreessen Horowitz led the round with a $75 million investment. Other 
participants named in the disclosure include BlackRock, Apollo Funds, and 
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange 
(NYSE). The list also includes SBI Group, Janus Henderson Investors, Standard 
Chartered Ventures, General Catalyst, Marshall Wace, ARK Invest, IDG Capital, 
Haun Ventures, and cryptocurrency exchange Bullish. Arc Tokenomics Explained 
Allaire said Arc is designed to support institutional finance and emphasized 
that Circle sees it as more than stablecoins and payments. In his comments, he 
pointed to the idea that the network can “run the actual economy.” He 
elaborated that the “economy” isn’t just digital representations of value, but 
the contracts and governance systems that underwrite financial relationships 
and the institutions that rely on them. In that framing, the token and the 
blockchain are meant to provide the infrastructure layer for how economic 
activity is coordinated, validated, and governed. Related Reading: Bitcoin 
Flashes Signal With 186% Average One-Year Return Circle also detailed how it 
plans to participate in the network. With a 25% stake in Arc’s initial supply 
of 10 billion tokens, Circle can take part in operating validator 
infrastructure, which it said will generate new fee revenue and allow the 
company to earn staking income. The token distribution is designed to support 
the ecosystem: 60% of the tokens are allocated to participants who build on, 
use, or contribute to the Arc network, while the remaining 15% goes to a long- 
term reserve. In addition to Arc and its token economics, Circle said it 
unveiled a set of services and tools intended to help developers build 
artificial intelligence (AI) agents. The tools are designed to enable agents 
to manage transactions, access online services, and make payments using USDC. 
Featured image created with OpenArt, chart from TradingView.com

Circle Banks $200M From Giants Like BlackRock In Arc Token Presale, CRCL Jumps 15%

Singapore Gulf Bank has entered a strategic banking partnership with Standard 
Chartered to strengthen cross-border settlement and multi-currency payment 
services across emerging digital asset markets. According to a release shared 
with crypto.news on Tuesday, the agreement expands the bank’s correspondent…

Singapore Gulf Bank taps Standard Chartered for digital asset payment corridors

The exploit highlights the critical need for DeFi protocols to secure 
deprecated contracts to prevent future vulnerabilities and financial losses.
The post Huma Finance reports $101K exploit of deprecated V1 contracts on 
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Huma Finance reports $101K exploit of deprecated V1 contracts on Polygon

The ABA&#8217;s lobbying against stablecoin provisions highlights the tension 
between traditional banking and emerging financial technologies, impacting 
future financial landscapes.
The post American Bankers Association escalates lobbying against CLARITY Act 
stablecoin provisions appeared first on Crypto Briefing.

American Bankers Association escalates lobbying against CLARITY Act stablecoin provisions

Grayscale is seeking to convert its Zcash Trust into a spot ETF as ZEC gains 
from privacy demand, SEC clarity, and Multicoin interest.

Grayscale files Zcash ETF as privacy coin demand returns

Frederik Gregaard, head of the Cardano Foundation, highlighted that in an age 
when the current banking system has been revealed to be deeply politicized, 
blockchain has the opportunity to rise as a neutral, resilient, and 
transparent system to support global commerce. Cardano Foundation CEO Talks 
Blockchain as a Neutral Settlement Layer While blockchain technology is […]

Circle Banks $200M From Giants Like BlackRock In Arc Token Presale, CRCL Jumps 15%

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