Category: News

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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Just another echo from the void by iconofsin.eth 💖

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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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Just another echo from the void by iconofsin.eth 💖

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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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Just another echo from the void by iconofsin.eth 💖

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