# Circle İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "Circle" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

Crypto Shockwave: Circle Sued As $280 Million Drift Hack Unravels

A class action lawsuit has been filed in a Massachusetts federal court against Circle Internet Financial, alleging the stablecoin issuer was negligent and aided in the theft of $280 million from the Drift Protocol. The plaintiffs, representing over 100 investors, argue Circle had the means to stop the stolen USDC from being moved across blockchains using its Cross-Chain Transfer Protocol but failed to act. They point to Circle's prior action of freezing wallets in a separate civil case as proof it could have intervened. The April 1st hack is attributed to North Korean state-backed actors who moved the funds to Ethereum and laundered them through Tornado Cash. The case raises significant questions about the responsibility of centralized entities in the decentralized crypto ecosystem.

bitcoinist9 saat önce

Crypto Shockwave: Circle Sued As $280 Million Drift Hack Unravels

bitcoinist9 saat önce

DeFi loses $169M in Q1 as Circle pushes for quantum security – Details

DeFi security in Q1 saw $169 million lost across 34 protocols, primarily to operational weaknesses rather than cryptographic failures. Key compromises and permission errors accounted for a majority of attacks, with 63% linked to access control issues. While immediate threats remain execution-based, long-term quantum risks are gaining attention. Circle is proactively adopting Post-Quantum Cryptography (PQC), and new chains like Arc are building quantum-resistant features natively to avoid future upgrade challenges. Legacy chains, however, face slow adoption due to scalability and coordination hurdles, with significant value still locked in incumbent systems. The market currently prioritizes liquidity and usability, delaying broader PQC transition despite rising future threats.

ambcrypto04/07 03:58

DeFi loses $169M in Q1 as Circle pushes for quantum security – Details

ambcrypto04/07 03:58

Step-by-Step Guide to Participating in Circle's Own Public Chain Arc Community Event

Circle has launched a community program for its stablecoin-focused Layer 1 blockchain, Arc, aimed at rewarding early contributors. Participants can earn points by completing various tasks, including daily logins, profile completion, reading articles, watching videos, and registering for events. Points accumulate toward five membership tiers, with higher tiers potentially offering advantages in future token launches. The program requires no financial investment and encourages user engagement through its official website and Discord community. Arc is designed as an EVM-compatible blockchain optimized for financial applications, targeting global payments, forex, lending, and capital markets.

Odaily星球日报04/06 02:30

Step-by-Step Guide to Participating in Circle's Own Public Chain Arc Community Event

Odaily星球日报04/06 02:30

‘The Circle USDC Files’: ZachXBT Finds $420M In Suspect Transactions, Weak Oversight

On-chain investigator ZachXBT's report, "The Circle USDC Files," alleges over $420 million in compliance failures by Circle related to its stablecoin USDC since 2022. The report claims Circle repeatedly failed to use its on-chain freezing and blacklist functions to halt stolen funds in high-profile DeFi exploits, despite having the contractual right and technical capability to do so. Notable cases include the April 2026 Drift Protocol hack ($280M) and the January 2026 SwapNet attack ($16M), where Circle allegedly delayed or refused freeze requests from law enforcement and analysts. Compared to other stablecoin issuers, Circle was significantly slower to act, taking months longer to freeze addresses in some instances. ZachXBT argues this pattern of inaction has caused nine-figure losses to the crypto ecosystem.

bitcoinist04/04 11:02

‘The Circle USDC Files’: ZachXBT Finds $420M In Suspect Transactions, Weak Oversight

bitcoinist04/04 11:02

Circle's Pullback: Still Worth Buying?

Circle: Still Worth Buying After the Pullback? Circle, the issuer of the second-largest stablecoin USDC, is at a critical juncture. Its current valuation of $15-20B primarily reflects its interest income from $770B in USDC reserves. However, data suggests a potential transformation into a fee-based digital dollar infrastructure network. Key evidence for this shift includes: * USDC's on-chain transaction volume grew 247% in FY2025, far outpacing its 72% circulation growth, indicating it's being *used* more, not just held. * Adjusted for on-chain noise, USDC dominates real economic settlement volume (64% per Visa data), despite USDT having 2.4x its market cap. Circle's three-layer revenue structure is evolving: 1. **Interest Income (95% of current revenue):** Tied to USDC circulation and interest rates. Faces headwinds from potential Fed cuts and a revenue-sharing agreement with Coinbase. 2. **Payment & Transaction Fees:** The key to becoming an infrastructure play. The Circle Payments Network (CPN) is scaling rapidly ($5.7B annualized TPV), and non-interest revenue surged to $37M/quarter. 3. **Settlement Platform (Arc):** A long-term bet on becoming an institutional settlement standard, though its value remains unproven. Near-term catalysts include the Coinbase revenue-sharing agreement renewal (Aug 2026) and potential full OCC bank charter approval. A 3-5x return is plausible if USDC circulation grows at 40% CAGR. A 10x return requires multiple successes: CPN scaling, improved Coinbase terms, non-interest revenue exceeding 10% of total, and progress on Arc. Major risks include faster-than-expected interest rate declines, Tether achieving greater legitimacy, and competition from new yield-bearing stablecoins and payment giants like Stripe. The investment thesis hinges on tracking three metrics: USDC circulation growth, its velocity (via Visa data), and the growth of non-interest revenue. The data is leaning toward a successful transformation, but it is not yet guaranteed.

marsbit04/04 01:00

Circle's Pullback: Still Worth Buying?

marsbit04/04 01:00

Can Circle compete against Coinbase as wrapped Bitcoin space heats up?

Circle is launching cirBTC, a new wrapped Bitcoin product backed 1:1 by BTC and targeting institutional users. The token aims to leverage Bitcoin's $1.7 trillion liquidity and integrate with Circle’s ecosystem, including its Arc chain and DeFi platforms. This move comes amid trust issues in the wrapped Bitcoin sector, highlighted by recent controversies involving BitGo’s WBTC and Coinbase’s cbBTC. While cbBTC grew rapidly to a $6B market supply, it faced scrutiny over unverifiable reserves. Circle positions cirBTC as a "neutral" and transparent alternative, emphasizing on-chain verifiability and trust. The product will compete directly with Coinbase, despite their existing partnership in USDC distribution.

ambcrypto04/03 18:01

Can Circle compete against Coinbase as wrapped Bitcoin space heats up?

ambcrypto04/03 18:01

‘Circle had 6 hours to freeze funds’ – ZachXBT slams CEO after DRIFT hack

In the past 24 hours, Drift Protocol on Solana suffered a $285 million hack, including the theft of Circle’s USDC. Blockchain investigator ZachXBT accused Circle of failing to freeze $230 million in stolen USDC that was bridged from Solana to Ethereum via CCTP, despite having a 6-hour window to act. He criticized Circle and its CEO Jeremy Allaire for incompetence, alleging they use compliance buzzwords without real implementation. The hack impacted 11 protocols, with Ranger Finance losing $900K. Although Solana’s Chief Product Officer called it an isolated incident, the event raised broader DeFi security concerns. Circle’s stock extended its decline, with indicators showing oversold conditions and continued selling pressure.

ambcrypto04/02 12:53

‘Circle had 6 hours to freeze funds’ – ZachXBT slams CEO after DRIFT hack

ambcrypto04/02 12:53

‘Uninformed FUD’ – White House on claims of Coinbase stalling the CLARITY Act again

The White House has dismissed speculation that Coinbase is opposing the latest stablecoin yield deal and blocking the CLARITY Act, calling the claims "uninformed FUD." Patrick Witt, a digital asset advisor to the President, expressed confidence that the recent agreement between the Senate and the White House would revive momentum for the bill. Rumors of Coinbase CEO Brian Armstrong's opposition originated from a Punchbowl News report, though it was noted his stance was less severe than his previous public objections. The new deal limits stablecoin yields to account activity rather than passive interest earned via intermediaries, a change seen as favorable to banks. As of writing, neither the banking industry nor Armstrong had publicly commented on the compromise. Senator Cynthia Lummis emphasized the urgency of passing the bill under the current pro-crypto administration. Meanwhile, the proposed yield restrictions caused Circle's stock (CRCL) to drop 20% before partially recovering.

ambcrypto03/26 12:02

‘Uninformed FUD’ – White House on claims of Coinbase stalling the CLARITY Act again

ambcrypto03/26 12:02

Even with the CLARITY Act Pressure, Is the Market Overreacting to Circle's Stock Price?

Despite recent market concerns triggered by the CLARITY Act’s potential restrictions on interest payments to stablecoin users, Bitwise’s Matt Hougan argues that the sell-off in Circle’s stock may be an overreaction. Using conservative assumptions, he estimates that Circle—the issuer of USDC, the world’s second-largest stablecoin—could reach a $75 billion valuation by 2030. Key factors in this outlook include: - The stablecoin market is projected to grow to $1.9 trillion by 2030 (Citi base case), driven by utility in global payments and as a dollar alternative, not yield. - Circle currently holds 25% market share; Hougan expects it to maintain or even expand this position, especially in regulated markets. - Circle’s net yield (after distribution costs) is assumed to drop to 0.8% amid competition, though the CLARITY Act may actually support margins. Under these assumptions, Circle could generate ~$2.7B in net profit by 2030. Applying a market-average P/E multiple of 28x yields the $75B valuation—roughly double its current value. More bullish scenarios (larger market, higher share, or better margins) could lead to significantly higher valuations.

marsbit03/26 09:40

Even with the CLARITY Act Pressure, Is the Market Overreacting to Circle's Stock Price?

marsbit03/26 09:40

CLARITY Act Rewrites DeFi's Fate: Circle Feasts, DeFi Tokens Bleed

The CLARITY Act proposes significant regulatory changes for stablecoins and DeFi, fundamentally redefining them as payment tools rather than interest-bearing assets. This shift prohibits platforms from offering yield to stablecoin holders, effectively ending the narrative of stablecoins as savings products. Circle (CRCL) emerges as a structural beneficiary, likely to see increased USDC adoption and improved profit margins as yield distribution to users is restricted. However, its growth may depend heavily on continued USDC expansion. In contrast, DeFi tokens like UNI, AAVE, COMP, and others face significant headwinds due to potential compliance requirements, reduced flexibility, and limitations on stablecoin usage in DeFi protocols. Maker (MKR) is positioned as an exception, benefiting from its yield-generating model through real-world assets and a semi-compliant structure. Meanwhile, Tether's potential move toward greater transparency could intensify competition for Circle but validate the stablecoin model overall. The act accelerates a trend of value redistribution from crypto-native channels (e.g., Coinbase, DeFi protocols) to regulated financial infrastructure, with winners including Circle, MKR, and custody providers like BitGo, while many DeFi assets face structural downside risks.

Odaily星球日报03/26 05:41

CLARITY Act Rewrites DeFi's Fate: Circle Feasts, DeFi Tokens Bleed

Odaily星球日报03/26 05:41

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