Shares of Circle Internet Group, Inc. (NYSE: CRCL) fell on Wednesday despite the issuer of the USDC stablecoin reporting quarterly earnings that topped Wall Street expectations. The company's third-qu... ...

Core Insights - Figure Technology Solutions, Inc. announced the minting of $YLDS, a registered public debt security stablecoin, on the Solana blockchain, aimed at providing fiat on/off ramp capabilities and continuous yield backed by U.S. Treasuries [1][2] - The collaboration with Provenance Blockchain aims to enhance real-world asset applications in decentralized finance (DeFi) on Solana, allowing users to access yields from various Figure assets [2][4] - $YLDS is designed to serve multiple applications including payments, cross-border remittances, and yield generation, with Exponent Finance being the first platform to utilize it [1][3] Company Overview - Figure Technology Solutions operates a capital marketplace that connects origination, funding, and secondary market activities, having originated over $19 billion in home equity financing [5] - The company is recognized as a leader in real-world asset tokenization, with its recent securitization receiving a AAA rating from S&P, marking a significant achievement in blockchain finance [7] Product Features - $YLDS offers real-world utility by providing immediate applications in DeFi, being backed primarily by U.S. Treasuries and already integrated into Figure's existing products [6] - The stablecoin is built for composability within Solana's DeFi ecosystem, allowing developers to integrate it into their protocols easily [6] - Figure's compliance-first approach and the SEC registration of $YLDS provide institutional-grade credibility, distinguishing it from speculative projects in the market [6]

Federal Reserve Governor Michael Barr discussed two potential scenarios of the AI revolution and its impact on the economy.Barr Outlines AI's Potential Economic ImpactIn Tuesday’s speech at the Singapore Fintech Festival on Tuesday, Barr said, “AI is a big deal that will transform economies.”He described two “possible scenarios” for the AI revolution. In the first, AI would gradually enhance existing tasks and jobs. In the second, it would trigger a profound transformation, redefining work and leisure, incr ...

The Morning Minute (11.12)Powered by @yeet⏰Top News:-Crypto majors rebounding after Tuesday selloff; BTC at $105,000-Lighter raises $68M at $1.5B led by Founder’s Fund, Ribbit Capital-Winklevoss Capital funds new Zcash DAT, buy $50M ZEC-Circle beats Q3 earnings, eyes ARC token for its stablecoin chain-SoFi becomes first major fintech to roll out spot crypto trading🌎 Macro Crypto and Memes-Crypto majors are rebounding after Tuesday’s selloff; BTC +1% at $105,000; ETH even at $3,550, BNB even at $978, SOL -2% ...

Core Insights - Bitcoin Depot has announced its expansion into the Asian market by entering Hong Kong, indicating a strategic focus on regions with high demand for cash-to-crypto access [1][2][3] - The company aims to become one of the top five operators in Hong Kong's rapidly growing crypto market, which is characterized by increasing institutional and retail interest [2][3] - This expansion follows a series of operational advancements in 2025, including a retail partnership with GPM Investments and the acquisition of National Bitcoin ATM [3][4] Company Overview - Bitcoin Depot, founded in 2016, operates as a Bitcoin ATM provider and has the largest market share in North America with over 9,000 kiosk locations as of August 2025 [4][6] - The company has successfully maintained profitability while scaling its operations across North America and Australia since going public in July 2023 [4][6] - Bitcoin Depot's services facilitate an easy and convenient way for users to convert cash into Bitcoin, enabling access to the broader digital financial system [4][6]

Core Insights - Seismic aims to address the challenge of protecting sensitive financial data in the public blockchain environment, which is increasingly relevant as fintech companies adopt crypto solutions [1][3] Funding and Financials - Seismic raised $10 million in a funding round led by a16z crypto, bringing its total funding to $17 million [2] - The company’s valuation was not disclosed by its founder and CEO, Lyron Co Ting Keh [2] Company Mission and Strategy - The name "Seismic" reflects the company's goal to be deeply connected with customer needs and to achieve significant impact in the crypto space [3] - Seismic partners with Brookwell to provide private blockchain solutions for stablecoin transactions, ensuring customer data remains confidential [4] Competitive Landscape - Seismic competes with Tempo, a blockchain startup valued at $5 billion, but believes there is room for multiple players in the market [5] - The company differentiates itself by offering holistic solutions and actively engaging with clients to understand their broader needs beyond specific products [5]

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 ...

Core Insights - Investing in TON (CRYPTO: TON) is viewed as an indirect investment in Telegram, which is not publicly listed [1] Group 1: Utility and Functionality - TON is positioned as a utility token for payments, facilitating instant cross-border transactions and potentially competing with major players like Visa, Western Union, and PayPal [2] - The selection criteria for tokens include specialized development teams, increased adoption, and scalability, all of which TON meets according to Scaramucci [3] Group 2: Market Conditions and Opportunities - Despite facing significant price declines from $750 to $220, Scaramucci sees this as a contrarian opportunity, projecting that TON could reach $10 as adoption increases [4][5] - The current altcoin market is weak, with altcoins trading at levels reminiscent of the 2022 FTX crisis, while Bitcoin is priced at $110,000 [4] Group 3: Decentralization and Legal Context - TON remains decentralized despite legal issues faced by Telegram founder Pavel Durov, who is under scrutiny in France [6] - Following news of Durov regaining his passport, TON experienced a surge of over 20% in value [6]

Core Insights - Circle Internet Group, Inc. reported strong financial results for Q3 2025, highlighting significant growth in revenue and net income, driven by the increasing adoption of USDC and the launch of the Arc public testnet [3][4][5]. Financial Highlights - Total revenue and reserve income reached $740 million, a 66% increase year-over-year [4][5]. - Net income from continuing operations was $214 million, reflecting a 202% year-over-year increase [4][5]. - Adjusted EBITDA was $166 million, up 78% year-over-year, with an adjusted EBITDA margin of 57% [4][5][10]. - USDC in circulation grew to $73.7 billion, marking a 108% increase year-over-year [5][6]. Corporate & Commercial Highlights - The Arc public testnet was launched with participation from over 100 companies across various sectors, indicating strong interest in programmable financial infrastructure [3][5][10]. - Circle is exploring the launch of a native token on the Arc network to enhance network participation and adoption [10][11]. - The Circle Payments Network (CPN) expanded to include 29 financial institutions, with 500 more in the pipeline, demonstrating growing commercial partnerships [5][16]. Key Operating Indicators - Average USDC in circulation was $67.8 billion, a 97% increase year-over-year [6]. - The stablecoin market share reached 29%, up 643 basis points [6]. - The number of meaningful wallets holding USDC increased to 6.3 million, a 77% growth [6]. Recent Developments - Reserve income increased to $711 million, a 60% year-over-year growth, primarily due to the rise in average USDC circulation [10][22]. - Other revenue surged to $29 million, up from $1 million year-over-year, driven by subscription and services revenue [10][22]. - Total distribution, transaction, and other costs rose to $448 million, a 74% increase year-over-year, reflecting higher distribution payments due to increased USDC circulation [10][22].

Core Viewpoint - Jiayin Group Inc. has entered into a loan facility agreement for up to RMB600 million to support its working capital needs [1][2] Group 1: Loan Facility Details - The loan facility can be drawn down in multiple tranches until December 31, 2025, with an interest rate of 3.5% [1] - The loan facility matures on November 11, 2032 [1] - To secure the loan, Jirongzhicheng has mortgaged certain commercial property and its parent company has pledged its 100% equity interest [2] Group 2: Company Overview - Jiayin Group Inc. is a leading fintech platform in China, established in 2011, focusing on connecting underserved individual borrowers with financial institutions [3] - The company utilizes advanced big data analytics and algorithms for risk assessment, ensuring effective risk management [3]