CryptosNetworks
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⚑️ Circle announced 11 founding validators for its upcoming Arc blockchain, including BlackRock, Visa, Mastercard, and DTCC ahead of the public mainnet launch on September 16
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πŸ“ˆ Circle reported Q2 total revenue and reserve income of $701 million, up 7% year-over-year, with USDC circulation reaching $73.3 billion

Net income for the quarter was $48 million, while the reserve return rate declined 66 basis points year-over-year to 3.5%, reflecting a softer interest rate environment.

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⚑️ Visa announced a partnership with Zerohash to enable stablecoin prefunding and payouts for eligible Visa Direct clients across a network covering over 18 billion endpoints in more than 195 countries and territories

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πŸ“’ Senate Banking Committee Chair Tim Scott said the Clarity Act vote will take place this week

Senator Scott explained, "We will get Democrats aboard once the vast majority of Republicans say yes."

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JUST IN: πŸ‡¨πŸ‡³ China now accounts for 28% of global manufacturing, surpassing the US, Japan, and Germany combined.

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βœ… US crypto firm Wintermute received a broker-dealer license

Wintermute can now operate as a market maker on NYSE and Nasdaq, targeting stocks, ETFs, and crypto products with the aim to compete with Jane Street and Citadel.

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πŸ“’ Michael Saylor said Bitcoin does not need clarity β€” it is America that does

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πŸ“’ US President Donald Trump said people are increasingly using Bitcoin for payments and "don’t even know about cash anymore"

He called crypto "a big deal."

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πŸ’² MicroStrategy sold 1,690 BTC for $108.6 million at an average price of $64,262

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