Circle Gets Its National Trust Bank Green Light; Stock Jumps
Circle (CRCL) received regulatory approval to launch a federally regulated trust bank that will provide digital asset custody and strengthen the infrastructure supporting its stablecoin. Shares rocketed 10% premarket. Read more →
Memecoins Are ‘So Back,’ but for How Long?
Although Robinhood Chain, which went live July 1, was built explicitly for tokenized stocks, RWAs, agentic trading, and regulated financial products, its most active use case so far has been… memecoins.
The activity has been led by $ANSEM, a PumpFun-based token named for prominent Twitter influencer, Ansem, who adopted and championed it despite not launching it himself. The token hit a $400 million market cap in only a matter of days.
This all comes on the rise of social trading. Fomo - the leading social trading app - just closed a $75m Series B round at a $550m valuation and has been breaking ATHs in user metrics. And yesterday, the company announced the integration of Robinhood Chain. Read more →
Bitwise finds some bright spots
Bitwise just released its Q3 2026 Crypto Market Review, and the quarter it covers was ugly. Its large-cap crypto index fell 15.4%, eight of 10 assets finished lower, and spot bitcoin ETFs posted their worst quarter of outflows on record. But it wasn’t all bad – prediction-market volume hit a record, while stablecoins and tokenized real-world assets (RWAs) continued to grow despite the broader selloff. Read more →
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