July 1 (Cointime) - Dfns, a Web3 wallet infrastructure and security company, has hired former executives from Genesis and Gemini. John Conneely, who was previously in charge of institutional custody at Genesis, has been appointed as Vice President of Business Development and Sales at Dfns. Noah Cornwell, who was previously Vice President of Engineering at Gemini, has been appointed as Chief Technology Officer at Dfns. Meanwhile, Circle has appointed Craig Broderick, who has worked at Goldman Sachs for 38 years, to its board of directors.

June 27 (Cointime) - Circle, a blockchain startup and stablecoin issuer, has launched its Cross Chain Transfer Protocol (CCTP) on Arbitrum to facilitate the movement of USDC stablecoin on the Ethereum Layer-2 scaling network.

June 27 (Cointime) - Aussie Fintech Stables, formerly known as Tiiik, has partnered with Mastercard and Circle to launch Asia Pacific's first virtual stablecoin card. This innovative offering allows users to spend their stablecoin balance securely and seamlessly wherever Mastercard is accepted, whether in stores or online.

June 26 (Cointime) -According to the official news, last 7 days Circle issued a total of $900 million USDC, redeemed $600 million USDC, circulation increased by about $300 million; the past 365 days, a total of 129 billion issued, redeemed 156.4 billion, liquidity decreased by 27.4 billion.

June 26 (Cointime) - The document reveals the names of the firms that were bailed out, along with their total deposits that immensely exceed the $250,000 FDIC protection limit per account.

June 23 (Cointime) - According to documents from the Federal Deposit Insurance Corporation (FDIC), Circle, the issuer of the USDC stablecoin, was the top depositor at Silicon Valley Bank with the help of a government-backed guarantee.

Circle has obtained a Major Payment Institution license in Singapore, highlighting the different regulatory approaches towards crypto companies in Asia and the US. While the SEC is taking a tough stance on crypto in the US, Asia is leading the way in shaping the future of finance.

Jeremy Allaire, CEO and co-founder of Circle, will use his scheduled testimony at a U.S. House Financial Services Committee Hearing to advocate for the importance of the U.S. dollar and urge lawmakers to pass stablecoin legislation.

Despite the recent SEC action against Coinbase, Circle and other crypto companies are still pursuing plans to go public. However, the current environment may pose challenges for most companies looking to do so. Circle's CEO had previously announced plans to become a public company through a merger with a SPAC, but the company did not complete SEC qualification in time. Nonetheless, going public remains a key part of Circle's strategy, as confirmed by a company spokesperson and a recent job posting seeking a corporate counsel to assist with potential SEC processes. Kraken has also hinted at its continued quest to go public in a recent job posting for a senior corporate and securities counsel.

While the editor remains optimistic about the future of cryptocurrency, they believe that crypto-based metaverse projects such as Decentraland and the Sandbox are doomed to fail. Decentraland currently has fewer than 500 users, and even Facebook's Meta project has not been successful in attracting users.