[News Brief] Jul 11, morning | Circle Approved to Operate a Federally Regulated Trust Bank in the U.S.

Circle Approved to Operate a Federally Regulated Trust Bank in the U.S.

Watcher.Guru reported that Circle, the issuer of USDC, has been approved to operate as a federally regulated trust bank in the United States.

The approval comes as regulatory frameworks for stablecoin issuers are being developed. Through this move, Circle has established a foundation for expanding institutional financial infrastructure and custody services.

U.S. and Iran Expected to Hold New Talks Next Week

According to Odaily, Axios, citing sources, reported that the United States and Iran are expected to hold new talks next week.

Switzerland is said to be a possible venue. The resumption of dialogue between the two countries is seen as a variable that could affect Middle East geopolitics and sentiment toward global risk assets.

Meta Reviewing Stablecoin Payment Integration

According to CoinDesk, Meta Chief Data Officer Alex Schultz said agent commerce could become the company’s “next major business.” He explained that stablecoins could serve as the core payment layer for agent-based commerce.

Schultz said more than 1 million businesses actively use Meta’s commerce agents every week. He added that the way agents handle tasks such as scheduling and place discovery could eventually expand into supply chains and cross-border commerce.

He noted that millions of small businesses in Brazil and India already conduct business conversations on WhatsApp, and predicted that physical wallets will gradually disappear. Rather than issuing its own stablecoin, Meta is reviewing a strategy to integrate regulated third-party stablecoins into its payment and settlement layer.

Schultz also said decentralized identity could be useful for Meta, but assessed that no system yet offers the scale and reliability required. He identified verifying whether an agent truly represents a real business as a key challenge in the agent economy.

CFTC Chair Mentions Need for CLARITY Act Passage... Crypto ETF Filings and Listings Surpass 500

Odaily reported on the 11th that the CFTC chair mentioned the need for passage of the CLARITY Act, while the number of crypto ETF filings and listings surpassed 500.

Robinhood Chain exceeded $1 billion in DEX trading volume in its first week after launch and reportedly overtook Hyperliquid in 24-hour DEX trading volume rankings.

A Bloomberg ETF analyst said around 20 additional ETFs had been filed, bringing the total number of filed and listed ETFs to over 500.

The founder of 1confirmation said the next wave of user growth in crypto could come from real-world asset (RWA) tokenization.

TrueDAO raised $10 million in a strategic funding round led by Brevan Howard Digital.

Standard Chartered maintained its $100,000 Bitcoin target, saying Strategy’s Bitcoin sale does not necessarily signal worsening risk.

CleanSpark bought an additional 454 BTC, increasing its holdings to 13,924 BTC. The holdings are valued at about $880 million.

The U.S. government transferred 4,036 ETH from a seized wallet. The amount was worth about $7.22 million.

ZachXBT said a wallet belonging to an early large Solana holder was suspected of being compromised, with about 180,900 SOL moved.

South Korean securities firms gave mixed views on SK Hynix, with the key issue being whether AI demand can drive long-term growth.

In the Lu Jun case, sentencing has not been delivered for more than half a year, and a second additional indictment disclosed gains of 12.18 million yuan received in Bitcoin and other assets.

Coinbase Vice Chairman Says CLARITY Act Has Bipartisan Support

Coinbase’s vice chairman said the CLARITY Act, a U.S. crypto regulatory bill, has support from both Democratic and Republican parties.

According to Bitcoin Magazine, he said, “Democratic and Republican senators continue to work together to finalize the bill.”

The CLARITY Act is intended to clarify U.S. digital asset market structure and supervisory authority.

Circle Mints Additional 500 Million USDC on Solana

Circle minted an additional 500 million USDC on the Solana blockchain.

According to Odaily, on-chain monitoring by Onchain Lens showed that Circle minted 500 million USDC on Solana about six hours earlier. As of 2026, the cumulative USDC issuance on Solana has reached 67.51 billion.

Hong Kong-Listed Boyaa Interactive Buys 108 More Bitcoin

Hong Kong-listed Boyaa Interactive has purchased an additional 108 BTC as treasury assets.

According to Bitcoin Magazine, the purchase raised Boyaa Interactive’s total Bitcoin holdings to 4,201 BTC. The move is drawing attention as another example of listed companies increasing Bitcoin treasury allocations.

Source: Bitcoin Magazine

Custodia Bank Seeks U.S. Supreme Court Review Over Denial of Access to Fed Payment System

Bloomberg reported that crypto-focused bank Custodia Bank has asked the U.S. Supreme Court to review the denial of its access to the Federal Reserve payment system.

Custodia applied for a master account with the Federal Reserve Bank of Kansas City in 2020, but the Fed denied the request in 2023, citing its crypto-asset-focused business model. A subsequent lawsuit ended with the Tenth Circuit Court of Appeals upholding the Fed’s decision.

Custodia argues that the case raises a significant question of whether a regional Federal Reserve bank can deny access to central bank payment services in a way that effectively nullifies a state’s bank charter decision.

Custodia founder and CEO Caitlin Long said Wyoming had established a crypto-friendly framework, but that the Kansas City Fed president opposed the state’s policy choice. The Supreme Court is expected to decide whether to hear the case after its October recess begins.

Backpack Launches 24/7 Trading for Select Tokenized U.S. Stocks for Overseas Investors

Crypto exchange Backpack has launched 24-hour trading for select tokenized U.S. stocks for international investors. The initial supported names are SpaceX, Micron, and SanDisk.

According to Cointelegraph, Backpack said investors receive direct ownership of the underlying shares rather than synthetic exposure. Trades are settled instantly, and both fiat and stablecoin deposits are supported.

The service is available in more than 150 countries and regions. The tokenized stocks are issued on Solana, allowing wallet-to-wallet transfers and use in DeFi applications, and can be redeemed 1:1 for the corresponding shares on Backpack.

Hyundai Completes USDT Transfer Pilot Between U.S. and Mexico Units on Avalanche

According to Wu Blockchain, Hyundai Motor completed a pilot internal cross-border fund transfer of $20,000 worth of USDT from its U.S. entity to its Mexico entity using Avalanche.

Hyundai said the pilot reduced a process that previously took several hours through traditional banking rails to about seven minutes.

The company plans to expand the method to more countries and local currencies, and will conduct a second pilot later this month for its European entities together with Circle and Visa.