Circle, a stablecoin issuer, has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a trust bank. This allows Circle to directly manage reserves for its stablecoins, like USDC, and shifts its regulatory oversight to a national level.
Circle, a stablecoin issuer, received approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a trust bank. This allows Circle to manage reserves directly for its stablecoins, primarily USDC, and will operate under the name Circle National Trust.
Circle, a stablecoin issuer, received approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a trust bank. This allows Circle to directly manage reserves for its USDC stablecoin and shifts its regulatory oversight to a national level, boosting its appeal as regulated infrastructure for institutional clients.
Circle, a stablecoin issuer, received approval from the OCC to operate as a trust bank, allowing it to manage reserves directly for its stablecoins like USDC. This move shifts Circle towards financial infrastructure and provides national regulatory oversight.
Digital Realty announced it is buying a $3.5 billion stake in three data centers from Blackstone. The deal involves $1.2 billion cash and $2.3 billion in shares for assets in Northern Virginia, expected to close Tuesday. The company's stock fell in premarket trading.
SpaceX shares fell more than 5% in premarket trading Monday, extending a selloff after a strong IPO rally. Despite recent losses, the stock remains up 37% since its debut, and the IPO has made Elon Musk the world's first trillionaire.
Technology stocks, particularly chipmakers like Broadcom, Micron, and Marvell, experienced significant drops in premarket trading Thursday. Broadcom shares plunged 14.6% following weaker-than-expected earnings, signaling a broader retreat from the semiconductor sector.
KKR, Blackstone, and other private equity firms saw their shares drop premarket Wednesday after Switzerland's Partners Group restricted investor withdrawals from its Global Value fund due to redemption requests exceeding 9.8%. This move signals growing concerns over liquidity and asset quality in private markets.
Quantum computing stocks surged premarket Thursday after reports of $2 billion in US government grants to nine firms, including IBM, which is set to receive $1 billion for a new quantum foundry. Funding comes from the 2022 Chips and Science Act.
