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The entity behind the second-largest stablecoin just secured its vital license from the US Office of the Comptroller of the Currency to launch First National Digital Currency Bank N.A. operating as Circle National Trust.

OCC Grants Circle Its Federal Trust Charter 👁️

This move stands as a defining milestone for the firm placing its trust bank squarely under federal oversight according to the execs. The national trust bank charter unlocks fiduciary cryptocurrency custody services for Circle and its affiliates. It sets the stage for managing USDC reserves under direct OCC supervision while pulling key operations deeper into the US federal banking system. Depending on demand the company noted it may extend those custody services to select institutional clients like banks and regulated entities later on.

Circle Aligns With Ripple BitGo And Paxos 🖤

OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the U.S. financial system. Federal oversight of our trust bank sets a new standard for transparency governance and scale for Circle’s infrastructure and unlocks a new phase of adoption where leading financial institutions can build on public blockchains with clarity and confidence commented Jeremy Allaire Co-Founder Chairman and CEO of Circle. The firm keeps advancing its long-standing regulatory path after applying for this charter a year ago securing conditional approval later in 2025 and now claiming final authorization today. As noted at the end of 2025 Circle stood among those gaining initial conditional approval from the USOCC alongside Ripple which also secured approval to establish its own national trust bank. Other notable names include BitGo Digital Assets and Paxos.

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Just another echo from the void by iconofsin.eth 💖

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Crypto options are wrapping up another quiet Friday as spot prices linger in that eerie sideways trance 🌙. Around 23400 Bitcoin contracts are set to vanish with a 1.4 billion dollar notional value yet this batch looks too petite to rattle any markets.
The week kicked off with some gains before tensions in Iran and the Fed’s gathering dragged everything down again leaving roughly 30 billion dollars to flee the scene since Monday.

Bitcoin’s Options Twist 🖤

This pile of Bitcoin contracts shows a put call ratio near 0.97 so the longs and shorts sit evenly matched. Max pain hovers around 62000 dollars just below current prices which means a few positions will finish out of the money. Open interest stays thickest at the 80000 strike on Deribit holding 1.1 billion dollars while short sellers still guard 1 billion at 60000. Total BTC options open interest across exchanges has crept up to 28.7 billion dollars per Coinglass.

The skew now paints a more balanced term structure though downside fear still lingers in pricing. Greeks Live noted the shift this week.

“Compared with the sharp front-end dislocations seen earlier in June, risk pricing is now more evenly distributed across maturities, indicating a less fragmented options market.”

Overall the vibe points to steady worry about Bitcoin sliding rather than surging yet the dread spreads more evenly than in recent weeks.

Ethereum’s Quiet Fade 🕸️

Alongside the Bitcoin batch nearly 141000 Ethereum contracts expire carrying 237 million dollars notional value a max pain at 1700 dollars and a put call ratio of 1.2. Total ETH options open interest sits low around 4.4 billion dollars across exchanges leaving the combined crypto expiry at roughly 1.6 billion dollars a truly tiny affair.

Crypto cap has nudged up to 2.25 trillion dollars on Friday morning though the week still closed slightly red. Bitcoin climbed more than 2 percent brushing an intraday high of 64000 dollars during Asian hours yet heavy resistance sits just above 64500 dollars before any push toward 66000. Ethereum scraped marginal gains but remains capped below 1800 dollars while altcoins like Zcash Stellar and Canton posted modest rebounds after a red stretch.

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Ethereum’s holding steady around 65% under its peak while chatter fades to yearly lows, yet this Glamsterdam shift brews just weeks away with firm on-chain pulses keeping things intriguing 🖤. An analyst spots that split between quiet social buzz and solid usage, a setup that often sparks sharp crypto jumps right before they hit.

Glamsterdam’s Shadowy Arrival Builds Momentum 🦇

In a July 9 post on X, the pseudonymous Wise Crypto flagged how the Ethereum network keeps handling roughly 450,000 active addresses even as social media chatter dips near yearly lows. The upgrade looks set to triple the gas limit, slice fees by about 78% and push throughput toward 10,000 transactions per second.

Major catalyst. Minimal attention

— Wise Crypto (@WiseCrypto_) July 9, 2025

“Major catalyst. Minimal attention,” they noted while eyeing $1,754 as a key ETH level. A break above could unlock targets near $2,440 while losing support risks a slide back toward $880. At the latest CoinGecko read ETH sits just below that resistance after a 1% daily dip yet still up 7% for the week and 3% over 30 days.

Big Bosses Whisper Cycle Secrets 🌑

ETH faced rejection at $1,800 three times this week, yet Consensys co-founder Joseph Lubin highlighted fresh steward groups like Ethlabs teaming with the Ethereum Foundation and the network’s eleven-year uptime record drawing institutions. Analyst Michaël van de Poppe echoed the vibe, pointing out three straight quarters of over 20% losses mark a historic first and the odds of a fourth look statistically low ahead of the CLARITY Act as a liquidity spark.

Binance saw its 30-day ETH open interest drop to -594,000 ETH earlier, the biggest contraction since August 2024, while OKX spot volume reached $2.09 billion, 49% above its yearly best from February 5. That mix suggests speculators exiting leveraged plays while spot buyers keep stacking ETH steadily.

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Ascendex decided to cease all operations on July 1 once the MiCA transition window closed. After that move Zachxbt quickly alerted everyone about shaky liquidity levels suggesting the platform may struggle with customer cashouts.

Zachxbt Spots More Liquidity Woes 🕯️

Their notice pointed to tough market vibes plus the EU MiCA rules that blocked many crypto outfits from staying active without proper approval. Account logins now only allow offboarding while auto withdrawals sit paused. All requests shift to manual checks which could drag on demand extra details or simply flop.
“We are not in a position to give assurances about timing or amounts today. No account holder or group of account holders is given priority outside the documented review process” read the notice. Zachxbt had already flagged on Telegram that users faced hold ups lasting days or weeks with some orders ignored completely. His on chain review showed hot wallets holding almost zero reserves in USDT ETH USDC and SOL hinting at real liquidity strain.
Reports from the community lined up with many withdrawals stuck on initiating status past a full week. In a later update Zachxbt noted the site still owes over 7 figures in unprocessed requests. He pushed affected users to file police reports and reach regulators in their regions.

Ascendex Owns Up To Financial Struggles 🖤

Founded back in 2018 by George Jing Cao the exchange once ranked among bigger names yet got hit by a December 2021 hack that drained roughly $78 million. Their official statement admitted the shutdown stemmed from failed liquidity plans and heavy operational pressure with market conditions only adding fuel. The firm told users to route complaints through official channels and promised updates if insolvency steps begin. 🌙

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June hit Cardano’s native token hard when its price slipped below 0.14, the lowest level since 2020. July opened with a spark for the bulls as ADA climbed to roughly 0.20 before settling near 0.17, marking a 14% rise across two weeks. It remains to be seen if this lift can carry through and bring ADA back to the 1$ milestone before the year closes. Three leading AI chatbots share their takes below.

Tough Goal To Hit 🌑

ChatGPT sees a path to 1$ this year yet calls the climb extremely steep from current prices. The core barrier lies in ecosystem usage, where Cardano’s activity still falls short of the scale required. “1$ is possible only in a full bull scenario—Bitcoin strong, altcoins rotating, ETF optimism rising, and Cardano showing real DeFi growth. A more realistic recovery path would first be 0.30–0.50. If ADA clears that zone with volume, then 0.75–1 becomes a serious target,” it stated.

Challenging Climb Ahead 🖤

Perplexity leaves room for the big move but insists three forces must align at once: Bitcoin-led market strength, faster Cardano ecosystem growth, and a fresh rating for large-cap altcoins. The most probable outcome this year points to a high of 0.80, with stretches spent between 0.30 and 0.50 as catalysts like futures, Hydra, and deeper DeFi usage begin to matter. Google’s Gemini labels a 2026 ascent to 1$ mathematically possible yet highly improbable due to slow user growth, thin DeFi traction, and modest daily transaction counts versus Solana and Ethereum. Gemini also noted Charles Hoskinson’s recent comments about a break and upcoming ecosystem failures that weighed on sentiment. “Hoskinson is known for his unfiltered style. Markets hate uncertainty, and Cardano is in a painful transition,” it stated.

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The Summer of Ethereum Love is building momentum in the shadows said co-founder Joseph Lubin on Wednesday. Credibly neutral stewards like Ethlabs are now stepping in to boost ETH through coordinated pushes outside the Ethereum Foundation.

He pointed to Ethereum’s 11-year 100% uptime alongside its censorship resistance and permissionless global neutrality as the real draws for corporations and governments crafting their own sovereign platforms.

Corporate Cheers While Traders Dread 🖤

This big push came after a post on X by Sharplink CEO Joseph Chalom who noted Ethereum is entering a fresh phase with organizations focused on infrastructure go-to-market and more launching to speed up the institutional supercycle here.

The Summer of Ethereum Love is gaining steam:

– New credibly neutral steward organizations to magnify capabilities and accelerate through parallel tracked activities. These will grow and others will emerge.

– Impactful reports and a new organization to help the incumbent… https://t.co/388IWUqgoc

— Joseph Lubin (@ethereumJoseph) July 8, 2026

Two Ethereum-focused groups Ethlabs and Ethereum Institutional just appeared backed by EF developers and Ether treasury firms.

Yet even with all the executive optimism investors and traders stay split or outright doubtful on the asset itself. CryptoQuant analyst Darkfost noted on Thursday the crypto market is stuck in total indecision. Assets like ETH sit in a fragile spot amid US-Iran swings and possible Fed rate hikes this year. The slightest fluctuation can spark panic sells like when ETH tested the $1,500 level. 💀

Still exchange flows show a dual pattern some panic dumping while others grab the dip to stack more ETH exposure.

Weak ETH Charts Hide DeFi Potential 🕸️

Panic selling won out again over the past 24 hours with the asset dropping 1.8% to $1,720 in Thursday morning Asian trading. ETH met rejection at $1,800 three times this week and now sits at a weekly low ready to slip below $1,700 unless broader momentum shifts. Zooming out it rests at a bear market bottom down 65% from its peak.

Analyst Cryptollica said ETH has spent years below the 2021 high failed multiple reclaim attempts reset sentiment and returned to the same exhaustion zone for the third time. This is late compression not early distribution. If the zone holds the next move could surprise those still calling it weakness.

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The US Securities and Exchange Commission has just dropped its 2026 Regulatory Agenda with plans to smooth out compliance for crypto firms while adding protections for blockchain transactions. This setup features 38 proposed rules centered on tokenization standards, updating custody for on-chain assets, and cutting costs for public companies to stay ahead in DeFi spaces.

SEC Reveals its Crypto Plan for 2026 🌙

The regulator is considering a shift in its guidelines to widen the meaning of qualified custodian and give clearer direction to those handling tokenized assets. A safe-harbor setup for early-stage crypto projects would also let developers test and build under lighter rules for a set time. The SEC is looking over broker-dealer duties and record-keeping for digital assets to better shield client crypto instead of sticking to old securities norms. It also wants Crypto Market Structure Amendments to update how cryptocurrencies trade on alternative systems. Lowering barriers for companies going public through updated disclosures and easier registration eligibility could boost more domestic IPOs too.

Atkins Backs US Crypto Push 🥀

SEC Chairman Paul Atkins noted solid progress over a year into the role aiming to back President Trump’s vision of making America the crypto capital of the world. He shared that innovation is being embraced to bring products onshore with clear paths for crypto capital raises and on-chain tokenized securities trading. Investor safeguards stay active as violations get pursued yet the focus stays on giving businesses room to innovate in the US market. These ideas still need approval and head into public comments this month with final rules likely later in the year. Meanwhile the CLARITY Act skipped the July 4 target after House passage in 2025 and Senate committee clearance in May now awaiting a full floor vote before the August recess.

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Charles Hoskinson has accused Ethereum of adopting ideas pioneered by Cardano without acknowledgment.
The Cardano co-founder made the claim following a proposal by Ethereum researcher Toni Wahrstätter to bring native UTXOs to the network as a way of cutting long-term state storage for payment transactions.

Ethereum Is Revisiting Cardano’s Work 🦇

According to Hoskinson, Wahrstätter’s research closely mirrors concepts Cardano has been developing since its launch.

“It’s literally a crime in the Ethereum inner circle to mention Cardano,” he wrote on X. “EUTXO is the biggest innovation of the smart contract world and Ethereum cannot mention it as they literally try to copy it.”

Wahrstätter’s proposal describes a payment model that stores only a small “spent” marker in Ethereum’s state while keeping the rest of the payment data in blockchain history. According to the research, this approach could reduce the permanent state required for payment workloads by as much as 99.8% without abandoning Ethereum’s account-based architecture.

The proposal borrows the one-time payment structure used by Bitcoin’s UTXO model while allowing Ethereum accounts and smart contracts to keep on operating. It also relies on the proposed EIP-8141 transaction framework to let users spend UTXOs without first holding ETH for gas fees.
Hoskinson followed up his post on X with a livestream on the same platform, where he read a tweet by Wahrstätter announcing the proposal and pointed out that it made no reference to Cardano despite his network spending years solving many of the engineering problems that Ethereum is now exploring.

“For ten years, we’ve worked on extended UTXO, smart contracts on UTXO,” he said. “We wrote a paper called Chimeric Ledgers to show how to run these two systems in parallel.”

He argued that Ethereum developers had in the past dismissed UTXO-based smart contracts as impractical before now putting similar ideas on their long-term roadmap.

Long-Running Rivalry Returns to the Spotlight 🌙

During the livestream, Hoskinson expanded his criticism beyond Wahrstätter’s proposal, claiming that Ethereum has been regularly adopting ideas after dismissing them when they first appeared on Cardano.

Some of the areas he claimed such behavior had happened in included Cardano’s governance system and treasury model, which he said the Ethereum Foundation had been forced to drift toward after losing staff and money.

He also suggested that Ethereum would look to revisit Cardano’s work on privacy and post-quantum cryptography through IOHK’s privacy-focused blockchain project, Midnight, as well as its early embrace of formal verification tools like Lean. According to him, Ethereum will eventually adopt both without acknowledgment as well.

This is not the first time Hoskinson has used a livestream to vent about how he or Cardano is being treated. In June, he announced plans to move the Cardano community away from X and onto Discord, saying the social platform had become dominated by hostility and personal attacks. However, he said that he would keep using X for livestream broadcasts, the exact same format he used today to make his case against Ethereum. 🖤

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