trust

According to the 10-Q filing submitted by Grayscale XRP Trust ETF to the U.S. SEC, the fund sold over $180 million worth of XRP in the first half of 2026, with holdings decreasing from 122.23 million coins at the end of 2025 to 55.04 million coins as of June 30. The sale of XRP to redeem shares resulted in a realized loss of $34.16 million, along with an unrealized loss of $17.47 million. During the same period, the price of XRP fell from $1.84 to $1.05, a decline of over 40%.

Circle Internet Group (NYSE: CRCL) announced its Q2 2026 financial report, with total revenue and reserve income of $701 million, a year-on-year increase of 7%; adjusted EBITDA of $143 million, a year-on-year increase of 8%; and net profit of $48 million, a year-on-year increase of $530 million (mainly affected by last year's IPO equity incentives). The circulation of USDC reached $73.3 billion, a year-on-year increase of 19%, with on-chain transaction volume of $14.8 trillion for the quarter, a year-on-year increase of 151%.In terms of business, Circle received approval from the Office of the Comptroller of the Currency (OCC) to establish Circle National Trust, a federal trust bank, becoming one of the first stablecoin issuers to hold a federal banking license. The Arc public blockchain will launch its mainnet on September 16, with more than ten institutions including BlackRock, DTCC, Visa, Mastercard, and Standard Chartered serving as founding third-party verification nodes. BlackRock plans to deploy the BUIDL fund on Arc, while DTCC will promote the tokenization of DTC custodial assets. The Circle Payment Network (CPN) achieved an annualized transaction volume of $14.7 billion in the past 30 days, a quarterly increase of 76%, with 175 institutions onboarded, a quarterly increase of 29%. The Agent Stack now offers over 900 paid services.

U.S. Senator Cynthia Lummis posted on the X platform, stating that the current version of the cryptocurrency market structure bill requires President Trump to sell his digital assets or transfer them into a blind trust, becoming one of the focal points of negotiation. Several Democratic lawmakers are concerned that the bill will weaken their narrative of attacking Trump for "crypto corruption" in the midterm elections, and thus hold a cautious attitude towards advancing the legislation.Supporters emphasize that the bill also covers ethical standards for the President, Vice President, members of Congress, and the federal judiciary, and will provide a clearer regulatory and protective framework for investors in the event of bankruptcy of cryptocurrency trading platforms.

Circle announced that the New York State Department of Financial Services has granted its subsidiary Circle Internet Trust Company LLC a limited purpose trust charter. This charter will further strengthen the regulatory foundation of the company and USDC.Circle stated that the New York trust charter reflects the company's commitment to safety, transparency, and compliance standards. In 2015, Circle became the first company to obtain a BitLicense from the New York State Department of Financial Services, thereby establishing a long-term regulatory relationship with the agency.Circle co-founder, chairman, and CEO Jeremy Allaire stated that obtaining the New York trust charter has always been a long-term goal for the company, and the regulatory clarity brought by this charter will place USDC within a strong and recognized regulatory framework as digital dollars increasingly become a core component of the global financial system.

According to monitoring by Catcher Predict, in the event of "Antitrust Actions Outside the United States" on the prediction market Polymarket, the probability of the "Yes" option in the sub-market "July 31" has experienced significant fluctuations, dropping from 88.8% an hour ago to the current 71.15% (a fluctuation of 17.65%). Please note the impact of related breaking news.

According to Cointelegraph, Morgan Stanley's Ethereum Trust has received notification from the U.S. Securities and Exchange Commission (SEC) regarding the effectiveness of its registration, marking another step forward in the registration process.

According to monitoring by Onchain Lens, the Morgan Stanley Bitcoin Trust ETF withdrew 106.04 bitcoins from Coinbase Prime, worth approximately 7.01 million dollars.

According to Com Feed monitoring, the Trusted Volumes attacker has returned 1,122 ETH, worth approximately 2 million dollars, while retaining about 2 million dollars as a "bounty."Previously, the attacker exploited vulnerabilities to steal approximately 5.8 million dollars.

In response to the recent community controversy surrounding Base, crypto KOL Rune questioned on the X platform, stating that Cobie's goal in taking over the Base App is to promote on-chain transactions, but the current management of Base is continuously undermining user trust, leading users to believe that "trusting anything related to Base for more than 24 hours is a mistake." Under this culture, it is difficult to attract new users.In response, Cobie stated that he took over the Base App and related Coinbase trading products a few days ago, but he is not responsible for the Base chain. He acknowledged that Coinbase has long had a distance from users, especially native crypto users, and that Base and Coinbase have overdrawn a lot of user trust due to some avoidable mistakes. He hopes to listen more to the voices of on-chain users in the future and create products that users truly want to use.Subsequently, Rune responded again, stating that Coinbase's biggest problem is not just the alienation from users, but the long-term neglect and even harm to its own users. He indicated that currently over 10,000 Base users have suffered about 99% asset loss due to trusting the Base/Coinbase management, and the management's attitude towards related events has further exacerbated community dissatisfaction.Rune believes that Base has the infrastructure to become the best Layer2 in the crypto industry, but what is truly lacking is a leadership willing to take responsibility for users. He expressed hope that Cobie could change this situation, but emphasized that the current issues with Base are not just about damaged trust, but that community trust has almost completely eroded.

According to The Block, Mizuho Bank analysts pointed out that Circle has received approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. While this helps enhance its compliance reputation, it is not enough to address the current core pressures—namely, the continuous shrinkage of USDC's market value and the increasingly fierce competition from Open USD, which still poses a significant drag on the $CRCL stock price.

According to official news, the stablecoin USDC issuer Circle (NYSE: CRCL) announced on July 10 that it has received final approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank named Circle National Trust.The announcement stated that this approval marks an important milestone in U.S. regulation, placing the trust bank directly under the federal oversight of the OCC. After opening, Circle National Trust will initially provide federally regulated digital asset custodial services for Circle and its affiliates. According to the approved business plan, the bank plans to directly offer custodial services to specific banks and financial institutions in the future, ultimately achieving direct management of USDC reserves, thereby further enhancing the security and transparency of USDC. Circle CEO Jeremy Allaire stated that this move is a key step in integrating blockchain technology and digital assets into the core financial system of the United States.

According to Banking Dive, Sony has received conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank, planning to launch Connectia Trust in 2027, focusing on the issuance and management of dollar stablecoins.The trust subsidiary is part of Sony Financial Group, with a capital of 40 million dollars.

ENS co-founder Alex Van de Sande proposed a formal draft on Monday, suggesting to delegate 5 million ENS tokens from the ENS DAO's idle community treasury to individual participants to break the current concentration of governance power. Van de Sande pointed out in the proposal that currently, a representative with a sufficient quorum can not only execute any proposal but can also veto the votes of the next 50 representatives, implicitly referring to co-founder Nick Johnson. The tokens come from the unclaimed community treasury shares from the original ENS airdrop five years ago, and participants do not own or cannot sell these tokens. Van de Sande also proposed to add another 5 million tokens for delegation next year, trigger the revocation of delegation after six months of inactivity, and automatically terminate the overall arrangement after two years.This proposal comes at a time when the governance dispute within ENS DAO is escalating: Johnson previously delegated his ENS tokens (approximately 50% of the total delegated amount) to support a proposal to transfer the DAO's operational wallet to the ENS Foundation, and then used his voting power to block the renewal of the security committee, drawing criticism from several community members, with the original The DAO code author Christoph Jentzsch even suggesting to directly dissolve the ENS DAO.

According to official news, the Jupiter Strategic Reserve Trust, Jupiter Litterbox Trust, increased its holdings by 186,546 JUP yesterday, worth approximately $45,000. This month, it has accumulated purchases of 1,226,119 JUP, worth about $300,000. So far, its total purchases amount to 145,028,229 JUP, valued at approximately $34.8 million.The Jupiter Strategic Reserve Trust is the official on-chain treasury fund of Jupiter, automatically transferring 50% of the revenue from the Jupiter protocol to continuously buy and hold JUP tokens on the open market through smart contracts, often humorously referred to by the community as the "Litterbox Trust."