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Circle submitted comments to the U.S. Securities and Exchange Commission regarding its proposed regulatory framework for cryptocurrency assets. Circle supports the proposal's goal of fostering innovation under clear rules while maintaining the advantages of U.S. capital markets, including transparency, investor protection, market integrity, liquidity, and efficiency.Circle also suggested that the cryptocurrency asset regulatory framework should align with the GENIUS Act. Given that payment stablecoins are increasingly becoming important considerations and settlement assets for on-chain capital formation, Circle requests that the U.S. Securities and Exchange Commission (SEC) clarify how payment stablecoins that comply with the provisions of the GENIUS Act can be used for these purposes.The letter further requests that the Commission clarify that eligible payment stablecoins constitute "cash" under proposed Rule 302(b), should receive appropriate U.S. dollar valuation treatment, and comply with the corresponding accounting and customer reserve treatment conditions.Circle also recommends that, provided objective safeguards are in place, the current 2% broker discount for payment stablecoins that comply with GENIUS be reduced to zero. Finally, Circle requests that the SEC clarify that technical services provided after the network goes live (including maintaining a known set of validating nodes) do not constitute necessary management work. Establishing safe harbor rules for the technical roadmap would allow issuers to continue maintaining and improving the operational network without inadvertently restarting the related analysis.

According to BBX data, the global capital markets disclosed the latest developments in digital asset treasury allocations and equity investments in crypto companies yesterday. The core information is as follows:Asset management giant Vanguard's ETF has made its first purchase of Metaplanet stock: The small-cap ETF (VSS) under the global leading asset management company Vanguard has shown in its latest disclosed holdings that it has made its first purchase of a total of 4.5 million shares of the Japanese Bitcoin treasury listed company Metaplanet (TSE: 3350), with a total holding value of approximately 7.5 million USD. This development indicates that traditional broad-based index funds are passively increasing their risk exposure to digital assets by holding stocks of companies with Bitcoin reserve strategies.Ark Invest spent approximately 5.23 million USD to increase its holdings in Circle stock: Led by Cathie Wood, Ark Invest continued to increase its investment in fiat-compliant digital infrastructure in the secondary market yesterday, adding 65,615 shares of the stablecoin USDC issuer Circle. Based on the valuation during the trading period, this increase cost approximately 5.23 million USD.DeFi Development increased its holdings by 5,346 SOL, total holdings approaching 2.6 million: Solana treasury company DeFi Development disclosed its latest balance sheet changes, revealing that the company has recently increased its holdings by 5,346 SOL in the open market. After this increase, its total holdings of SOL have steadily grown to approximately 2.595 million, continuously consolidating its treasury size and node layout within the Solana ecosystem.

According to The Block, Cathie Wood's Ark Invest purchased 35,403 shares of Circle stock through the ARKW ETF on Tuesday, worth approximately 2.9 million dollars. Circle's stock price rose 2.18% that day, closing at 81.58 dollars.

Whale Alert posted on the X platform that at 02:35 Beijing time, USDC Treasury minted 250 million USDC on the Solana network, worth approximately 250 million USD.Solscan data shows that the minting transaction was received by a Circle address and has been confirmed.

According to the Ark Invest Tracker, ARK Invest, led by Cathie Wood, conducted multiple trades on October 26.On the buying side, ARKQ and ARKX collectively purchased approximately 1,161,600 shares of Archer Aviation (ACHR), about 434,000 shares of Joby Aviation (JOBY), around 63,600 shares of Kratos Defense (KTOS), and approximately 59,200 shares of AeroVironment (AVAV). In addition, ARKW bought 65,615 shares of Circle (CRCL), and ARKQ purchased 182,508 shares of Kodiak AI (KDK).

According to Gate market data, the decline of U.S. stock cryptocurrency concept stocks has widened during the trading session. MSTR fell by 5.23%, ASST (Strive) fell by 4.04%, CRCL fell by 7.20%, COIN fell by 2.80%, BMNR fell by 2.72%, SBET fell by 3.93%, and HOOD fell by 0.95%.

According to Token Terminal data, the market capitalization of Securitize's tokenized stock SECZ has fallen from a high of $430.4 million on September 28 to $208.6 million, shrinking by more than half in less than a month. During the same period, the market capitalization of the token tracking Circle's stock increased by about 20%, reaching $383.6 million, reclaiming the top position in the $3.3 billion tokenized stock market.The decline of the SECZ token coincided with the sell-off of its underlying stock on the New York Stock Exchange. On October 8, after Securitize launched its stock trading platform on Solana, the stock price briefly rose, but the gains were subsequently erased; Citigroup downgraded SECZ's rating from "Buy" to "Neutral" on October 13, citing concerns over revenue from the tokenized business. Last Friday, SECZ stock closed down 2.1% at $7.80 per share, corresponding to a market capitalization of $1.27 billion.Securitize is a platform that helps asset management institutions, including BlackRock, issue securities on the blockchain. The company went public on the New York Stock Exchange on July 2 and tokenized its common stock, becoming the largest tokenized stock at that time. Although Circle's related tokens have a leading total market capitalization, spread across multiple issuers, SECZ remains the single largest tokenized stock; among them, the CRCLb issued by Binance on the BNB Chain leads with a scale of $154.1 million.

According to Whale Alert monitoring, Circle minted 250 million USDC on the Solana network at 01:44 (UTC+8), worth approximately 250 million USD.Solscan data shows that the minting transaction has been successfully confirmed.

According to a report by Politico, Joel Greenberg, a shareholder of Circle Internet Group and a former software engineer at the company, filed a lawsuit in a U.S. federal court on Thursday, accusing U.S. President Donald Trump and his family of benefiting from two transactions involving the United Arab Emirates through the cryptocurrency company World Liberty Financial (WLFI), allegedly violating the U.S. Constitution's Foreign Emoluments Clause. This clause restricts the president from accepting money or other benefits from foreign governments without congressional approval.The lawsuit states that the first transaction occurred before Trump's second term began, in which he sold 49% of WLFI for $500 million, with the related funds reportedly coming from the UAE. After Trump took office, he reportedly earned millions from this transaction. The second transaction involved an investment fund established by the UAE government purchasing $2 billion worth of digital currency from the Trump family. The plaintiff alleges that this transaction inflated the value of the cryptocurrency assets held by Trump and generated millions in interest income for him, while significantly expanding the circulation of his stablecoin.

According to Onchain Lens monitoring, Circle minted 1.5 billion USDC on Solana in the past 24 hours through 6 transactions of 250 million dollars each.Since 2026, Circle has minted 110.51 billion USDC on Solana.

Circle CEO Jeremy Allaire stated in an interview that he is not particularly focused on the short-term price performance of Bitcoin, but is more optimistic about the digital dollar used for payments and the AI agent economy. Allaire mentioned that the digital dollar can be used for payments, transactions, lending, and investment, and that AI agents will participate in more economic activities in the future, potentially further driving the demand for digital dollars and related blockchain infrastructure, although he did not provide specific data on the growth of this demand.On the regulatory front, the Office of the Comptroller of the Currency in the United States is formulating rules related to the GENIUS Act. The proposal requires stablecoin issuers to hold reserve assets not less than the total amount of circulating stablecoins and to redeem at face value within two business days, while prohibiting issuers from paying interest to holders. Allaire believes that the bill has bipartisan support and can provide policy protection for the stablecoin industry, but broader legislative progress on the structure of the cryptocurrency market in the United States has not yet been made.

Arc launched the ecological portal Arc Portal (portal.arc.io), where users can complete asset exchanges, transfers, and yield operations, as well as browse applications developed based on Arc. Arc Portal also supports enabling AI agents, with the limits and permissions set by the users themselves.

According to Whale Alert monitoring, at 20:10 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana network.

According to Whale Alert monitoring, at 10:05 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana network.

On October 16, Circle announced that in the first half of 2026, the on-chain settlement amount of USDC exceeded $36 trillion, and Circle minted and redeemed over $315 billion of USDC during the same period, averaging about $1.7 billion per day. The company stated that as of June, USDC accounted for approximately 77% of the global stablecoin trading volume, an increase from 60% a year ago.More attention from the market is focused on the income distribution of USDC. Circle disclosed that the company generated approximately $1.4 billion in revenue in the first half of the year, of which about $819 million was allocated to USDC distribution partners and transaction costs, accounting for about 59% of the revenue; another approximately $473 million was invested in licensing, banking partnerships, settlement liquidity, compliance systems, product development, and multi-chain deployment, accounting for about 34%. According to the announcement, for every $1 of revenue Circle earns, it ultimately retains only about 7 cents in net profit.This announcement may be in response to market concerns regarding "the monopolization of reserve income by stablecoin issuers." Circle stated that partners can share corresponding reserve income by holding and expanding their USDC balances on their platforms; currently, more than 150 trading platforms, wallets, banks, fintech companies, payment platforms, and enterprises have formed economic interests tied to the growth of USDC. Circle also mentioned that Binance signed a five-year commercial agreement with it in September and invested $100 million in Circle.On the product side, Circle announced the expansion of its free redemption mechanism: all Circle customers can still redeem USDC for free through traditional banking channels, with the funds typically arriving within two business days; customers who make payments through the Circle Payments Network or use eligible products such as Arc, Circle Mint, and Circle Wallets will be able to enjoy free, near-real-time redemption capabilities.