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Adam Forsyth

ARK Invest buys $6.8M in Circle shares after NY win

Cathie Wood’s ARK Invest bought 109,129 Circle shares after the stablecoin issuer secured a limited-purpose trust charter in New York. Summary ARK acquired about $6.83 million in Circle shares across three exchange-traded funds. Circle received a limited-purpose trust charter from the New York Department of Financial Services. CRCL closed 2.54% lower at $62.61 on July…

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Bitget adds daily Bitcoin rewards to BGBTC

Bitget has upgraded its Bitcoin-backed BGBTC asset with daily BTC-denominated rewards, cross-chain transfers through Chainlink CCIP, and independent oversight from Gauntlet. Summary BGBTC holders will receive daily rewards denominated in Bitcoin following the upgrade. Chainlink CCIP will serve as BGBTC’s canonical cross-chain infrastructure. Gauntlet will independently oversee the asset’s underlying yield strategies. BGBTC remains backed…

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What is a mainnet? Production blockchain explained

A mainnet is the production version of a blockchain network where transactions carry real economic value and are permanently recorded. When a cryptocurrency project launches its mainnet, it moves from concept to reality, and every line of code becomes a financial commitment. Summary A mainnet is a fully operational blockchain network where tokens have real…

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CLARITY Act Faces Another Critical Weekend as Passage Odds Slide

Meanwhile, Strategy’s Saylor said bitcoin will succeed with or without the bill, but America needs clarity. The uncertainty around the highly anticipated regulatory bill continues with new negotiations in Washington. New ethics proposals and political disagreements threaten the legislation’s chances of becoming law this year. Prediction markets now assign a much lower probability of…

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