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Circle Internet Financial has created an additional 1.25 billion units of its USD-pegged stablecoin on the Solana blockchain over the past week, according to on-chain data compiled by several analytics services on Aug. 18. The latest tranche lifts the amount of USDC minted on Solana so far in 2025 to about 24 billion tokens, underscoring continuing demand for dollar-denominated liquidity on the high-speed network even as prices for major cryptocurrencies have retreated in recent sessions.
What's new? 🔹Crypto majors down 2-6%; BTC - $116K, ETH - $4.3K, SOL - $182 🔹LINK leads alts 🔹SEC Chair Paul Atkins announces the agency is developing new custody regulations for digital assets 🔹Grayscale files for Dogecoin ETF 🔹Gemini files to go public with ticker GEMI https://t.co/7bqUzenmdi
Crypto things you might have missed: -Bitcoin warning from @saylor ?⚠️ -XRPL to power huge U.S. pharmaceutical payment system -Big announcements for DOGE HNT $VET -SEI and SUI hit major milestones! -Google searches for AVAX are at a yearly high -Crypto markets 🔻 LINK IN BIO
🗞️ BTC drops below $115K ahead of Fed Chair Powell’s Jackson Hole speech. 🗞️ MicroStrategy and Metaplanet buy more Bitcoin (430 BTC and 775 BTC.) 🗞️ Japan to approve its first yen-denominated stablecoin (JPYC) this fall. @jennsanasie hosts "CoinDesk Daily." Thank you to https://t.co/lwmI1gw8gY
