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OOB Token Debuts on Kraken Following VCIG's US$100 Million Acquisition
Globenewswire· 2025-11-12 13:23
Core Insights - VCI Global Limited has announced the debut of the OOB Token on Kraken, following a US$100 million acquisition of OOB tokens, marking a significant milestone in its digital treasury initiative [1][3] - The OOB Token aims to bridge real-world payments with institutional trust, integrating regulated capital markets with blockchain liquidity [1][2] Company Overview - VCI Global is focused on developing and scaling platforms across various sectors, including artificial intelligence, encrypted data infrastructure, and digital treasury systems [5][6] - The company positions itself as a cross-sector platform builder, enabling enterprises and institutions to capture opportunities in the evolving digital economy [6] Strategic Partnerships - The partnership with Tether as a strategic shareholder enhances liquidity and credibility for the OOB Token, while Kraken provides global access and integrity in the digital asset market [2][4] - Additional ecosystem supporters include Solana Co-Founder Anatoly Yakovenko and CMCC Global, further strengthening the OOB Token's market position [4] Treasury Management Framework - VCI Global's Treasury Management role ensures that OOB operates with transparency and liquidity, implementing staking and burn mechanisms to control circulation [3][5] - The oversight framework aims to deliver measurable utility in both cross-border and everyday transactions, enhancing the token's value for users and investors [3][5]
USDC Issuer Circle Reports $740M Revenue in Q3, Beating Analyst Forecasts
Yahoo Finance· 2025-11-12 12:39
Core Insights - Circle reported $740 million in revenue and reserve income for Q3, exceeding analyst forecasts with a 66% year-on-year increase [1] - The company is experiencing accelerating adoption of USDC and its platform, as stated by CEO Jeremy Allaire [1] - The successful launch of the Arc public testnet in October involved participation from over 100 companies, including major players like BlackRock and Visa [2] Financial Performance - The Zacks Consensus Estimate for Q3 revenues was $708.92 million, with earnings consensus at 17 cents per share, revised upward by 5 cents in the past month [2] - Since its NYSE debut in June, USDC's market capitalization increased from $61 billion to nearly $76 billion [3] - Analysts project total revenue of $2.68 billion for the year, although this optimism was not reflected in the company's share price leading up to the earnings report [3] Stock Performance - Circle's shares closed at $98.30 on Tuesday, down 5.57% during the session, and fell further to $94.04 in pre-market trading before the earnings report [4] - The company previously reported a mixed Q2, with a 53% year-on-year revenue increase but a net loss of $4.48 per share [5] Strategic Developments - Circle is exploring the possibility of launching a native Arc token [2] - The Arc blockchain is designed for stablecoin-focused applications, utilizing USDC for gas and featuring a built-in FX engine [5]
X @Bloomberg
Bloomberg· 2025-11-12 12:32
Franklin Templeton has plugged its blockchain infrastructure into the bank-backed Canton Network in a bid to broaden the use of its tokenized funds by institutional investors https://t.co/yVosEum2Eg ...
Circle CEO Jeremy Allaire on Q3 results: We're building a full stack internet platform business
CNBC Television· 2025-11-12 12:25
The Circle posting quarterly results. The circulation of its USDC more than doubling from a year earlier. Joining us right now first on CNBC is Circles CEO Jeremy Aair.Good morning. We were just talking about how you beat topline, bottom line. This is maybe what happens when you have a good company but also an emerging technology that is uh the hottest play.And by the way, right now you are the real way and really maybe the only way to really get great exposure to this world. So, let's talk about what's goi ...
X @THE HUNTER ✴️
GEM HUNTER 💎· 2025-11-12 12:00
Imagine every blockchain speaking the same language of time.That’s @OneAnalog.THE HUNTER ✴️ (@TrueGemHunter):Been digging into @OneAnalog lately 👇It’s not a Layer 1, not a Layer 2 it’s the Layer 0 Timechain that ties it all together.Moving data and liquidity across chains with zero bridges.Analog might just become the backbone of Web3. https://t.co/XJMGARkCgG ...
JPMorgan Expands Blockchain Efforts With JPM Coin
PYMNTS.com· 2025-11-12 11:53
Core Insights - J.P. Morgan Chase has launched a deposit token called JPM Coin aimed at institutional customers, representing dollar deposits with the bank [1][2] - The introduction of JPM Coin is part of a broader trend among financial institutions to enhance their digital asset offerings [2][4] Digital Asset Expansion - The JPM Coin allows users to send and receive money using the Base blockchain, which is associated with Coinbase, facilitating payments that process within seconds and operate 24/7 [2][3] - The launch follows a successful trial run in collaboration with companies like Mastercard, Coinbase, and B2C2, with plans to eventually expand the token's availability to J.P. Morgan's clients' customers and other currencies and blockchains [3][4] Market Context - The launch coincides with increased experimentation with digital assets by other financial institutions such as Citigroup, Santander, Deutsche Bank, and PayPal [4] - This initiative follows the introduction of the GENIUS Act in the U.S., which regulates stablecoins, highlighting the growing interest in digital currencies [4] Stability and Trust - Deposit tokens like JPM Coin are digital representations of traditional bank deposits, backed 1-to-1 by fiat currency, providing stability and reliability compared to volatile cryptocurrencies [5][6] - The backing by real-world assets enhances trust and security, which is essential for mainstream financial transactions [5][6] Regulatory Compliance - As deposit tokens are issued by regulated banks, they comply with stringent regulatory frameworks, addressing concerns about the adoption of digital currencies [6] - This compliance offers assurance to consumers and businesses, making deposit-based products a compelling alternative for institutional clients [7]
X @LBank.com
LBank.com· 2025-11-12 11:48
Event Overview - LBank Labs hosts an educational series and networking event [1] - The event focuses on "The Evolution of Money: From Gold to Assets Running on Blockchain" [3] - The event will be held in Dubai, United Arab Emirates on November 27, 2025, from 19:00 to 21:00 (UTC+4) [3] Risk Disclosure - The session is for educational and informational purposes only and does not constitute financial, investment, or legal advice [2] - Cryptocurrency is a high-risk asset class and may not be suitable for all investors [2] - Individuals should conduct their own research and consult with a licensed advisor [2] Registration - Registration is required via the provided link [3]
X @Cointelegraph
Cointelegraph· 2025-11-12 11:31
🚨 ALERT: Bybit reveals 16 major blockchains have hidden code that can freeze user funds. https://t.co/kiFheBZCd2 ...
X @Blockchain.com
Blockchain.com· 2025-11-12 11:27
Cryptocurrency Market - The document references Bitcoin ($BTC), suggesting potential discussion or analysis related to its market performance or trends [1]
Google launches dual legal and legislative strategy to combat international cyber scams
Fox Business· 2025-11-12 11:03
Google on Wednesday announced it's launching a new dual strategy to crack down on scammers by filing a novel lawsuit against a China-based hacking group, while also working with Congress on bipartisan bills to crack down on foreign cybercriminals. The tech giant noted that the "Lighthouse" scam has deployed a massive SMS phishing or "smishing" attack after exploiting established brands like E-Z Pass with the goal of exploiting victims' financial information. Cyber criminals send a text message encouraging t ...