On May 13, Circle raised $222 million in an Arc token presale at a $3 billion valuation, with support from BlackRock, Apollo, and a16z. The company reported a 20% revenue growth in Q1, with revenues reaching $694 million and USDC transactions soaring by 262% year-over-year. Circle's shares jumped over 4% in premarket trading following the release of a positive earnings report.
The credit agency validates the high quality and liquidity of blockchain-based money market funds, boosting institutional trust in digital assets.
Read the full storyNYSE-listed crypto infrastructure firm BitGo reported a massive 112.6% year-on-year revenue jump, though operational costs led to a wider net loss in Q1 2026.
J.P. Morgan Asset Management launched its JLTXX fund on the Ethereum blockchain to expand tokenized liquidity offerings for U.S. investors.
Animoca-backed NUVA protocol has integrated $19 billion in tokenized assets from Figure into Ethereum, bridging real-world assets with decentralized finance markets.