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Circle announces Foundation, initial phase aims to enhance financial resilience of small businesses in the U.S.

3 days ago

**Circle Launches Foundation to Boost Global Financial Resilience & Inclusivity** On December 2, Circle announced the launch of the Circle Foundation—a new charitable initiative focused on advancing financial resilience and inclusivity in the U.S. and worldwide. Funded by Circle’s “Pledge 1%” equity commitment (part of a global program uniting thousands of companies to donate a portion of their equity and resources to charitable causes), the foundation will support organizations strengthening the daily financial systems people rely on. This includes groups backing U.S. small businesses and those modernizing international humanitarian aid infrastructure. In its initial phase, the Circle Foundation will prioritize enhancing financial resilience for U.S. small businesses. These businesses employ nearly half of America’s private-sector workforce and drive over 40% of domestic GDP, yet many struggle to access affordable financing, digital tools, and the capital readiness needed to grow. Through grantmaking, the foundation will partner with Community Development Financial Institutions (CDFIs)—mission-driven lenders that fill critical gaps left by traditional finance. It will prioritize results-focused, tech-forward CDFIs that share best practices and data-driven insights across their networks, amplifying the impact of every dollar invested.
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XRP, ETH, and BTC currently rank in the top three of Upbit's 24-hour trading volume leaderboard

Update: As of December 5, CoinGecko data shows Upbit’s 24-hour trading volume has declined 25.3% to $11.73 billion. In the KRW market, the XRP/KRW trading pair leads with a 17.61% share of total volume. Rounding out the top five are ETH, BTC, USDT, and SOL.

13 minutes ago

ZachXBT: UK Hacker Danny Suspectedly Arrested, $18.58 Million in Crypto Assets Seized

On-chain investigator ZachXBT announced in his personal channel on December 5 that British hacker Danny / Meech (also known as Danish Zulfiqar / Khan) was reportedly arrested by law enforcement, and his crypto assets were seized. Prior to this, ZachXBT had tracked and identified the individual, who is suspected of stealing $243 million in crypto from Genesis creditors in August 2024. Accomplices include Malone, Veer, Chen, and Jeandiel. Danny also participated in the August 2023 Kroll SIM swap attack, which exposed personal data of creditors for BlockFi, Genesis, and FTX. This sparked targeted social engineering scams that have cost victims over $300 million. Hours earlier, multiple addresses linked to Danny—tracked by ZachXBT—merged and transferred $18.58 million in crypto to an address beginning with 0xb37d, matching the pattern of past law enforcement asset seizures.

13 minutes ago

Italian Companies and Exchange Commission: Crypto Asset Service Providers Must Obtain MiCAR Authorization by December 30 or Face Shutdown

On December 5, Italy’s securities market regulator Consob issued a notice detailing requirements under the EU’s **Cryptocurrency Market Regulation (MiCAR)** for virtual asset service providers (VASPs) registered with the Italian Ordinary Authority of the Markets (OAM). ### Key Rules for VASPs: Current OAM-registered VASPs must submit applications by **December 30, 2025** to transition to a regulated **crypto asset service provider (CASP)**—a requirement to continue operating. Failure to comply will bar them from offering related services no later than **June 30, 2026**. ### Investor Guidance: Consob advised investors to: - Confirm if their current VASP plans to apply for a CASP license; - Verify if the provider is listed in the **European Securities and Markets Authority (ESMA)** or OAM registers; - Request the return of their assets if the provider is unauthorised. ### Urgent Reminder for Unregistered VASPs: The regulator repeated its call for VASPs without CASP a

13 minutes ago

A new address withdrew 13,308 ETH from FalconX, approximately $41.47 million

On December 5, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that a new crypto address withdrew 13,308 ETH (valued at $41.47 million) from FalconX 9 hours prior.

13 minutes ago

The current mainstream CEX, DEX funding rate display indicates that the market is still bearish

On December 5, data from Coinglass shows current funding rates across major centralized (CEXs) and decentralized exchanges (DEXs) signal bearish market sentiment. Funding rates for key cryptocurrencies are detailed in the attached image. **BlockBeats Note**: Funding rates are fees set by crypto trading platforms to keep perpetual contract prices aligned with the underlying asset’s value. They act as a capital exchange between long and short traders—platforms do not collect this fee. The mechanism adjusts the cost or profit of position holders to ensure contract prices track the underlying asset closely. Here’s what funding rates indicate: - 0.01% = baseline rate - Above 0.01% = generally bullish sentiment - Below 0.005% = generally bearish sentiment

13 minutes ago

Yesterday, the US Solana Spot ETF saw a net inflow of $4.2 million

On December 5th, data from Farside monitoring indicates the U.S. Solana spot ETF posted a net inflow of $4.2 million yesterday.

13 minutes ago