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Circle closes $222M ARC presale valuing Arc Layer-1 at $3B fully diluted
On May 12, 2026, Circle Internet Group disclosed it had completed a $222 million presale for its Arc (ARC) blockchain token, implying a $3 billion fully diluted valuation for the stablecoin-native Layer 1 network. Circle said it sold 740 million ARC at $0.30 each and reported Q1 2026 results including $694 million revenue and $151 million adjusted EBITDA, while targeting a mainnet beta in summer 2026.
USDC
USDC+0.01%
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Global bond yields slide as Axios flags possible US-Iran peace memo
On May 6, 2026, global bond markets rallied after an Axios report said the United States and Iran were close to a one-page memorandum to end their two-month war. UK 30-year gilt yields, which had hit 5.78% on May 5, retreated, while the US 10-year yield fell up to 9 basis points to 4.33% and Germany's 10-year Bund yield dropped about 10 basis points. The move was amplified by sharply lower oil prices and softer US labour data, prompting traders to scale back rate-hike expectations into end-2026.
USDC
USDC+0.01%
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J.P. Morgan Onyx and Apollo Test Tokenized Portfolios on Avalanche Evergreen
On May 11, 2026, J.P. Morgan’s Onyx Digital Assets unit and Apollo Global launched a proof-of-concept for automated, blockchain-based portfolio management on Avalanche’s Evergreen subnet. The firms estimated tokenising alternative assets could create a $400 billion revenue opportunity, with WisdomTree providing a tokenised fund-access layer. After the announcement, AVAX rose 26% over 24 hours and hit an intraday high of $22.69.
AVAX
AVAX-1.12%
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5-9
OMB Sees FY2026 Deficit at $2.06T, Putting U.S. Treasury Borrowing Above $2T
The U.S. Treasury is projected to borrow more than $2 trillion in FY2026 as the Office of Management and Budget estimates a $2.06 trillion federal deficit. That pace implies over $166 billion of new borrowing per month, while the Congressional Budget Office pegs the same-year deficit at $1.85 trillion. Treasury interest costs also remain elevated, with nearly $530 billion paid from Oct 2025 through Mar 2026, alongside a reported national debt of $38.91 trillion as of May 2026.
USDC
USDC+0.01%
5-9
4-1
New Hampshire BFA to Issue $100M Taxable Bitcoin-Backed Municipal Bond
On April 1, 2026, New Hampshire’s Business Finance Authority said it plans to issue $100 million in taxable Bitcoin-backed bonds, described as the first rated municipal bond secured by cryptocurrency. The deal received a provisional Ba2 rating from Moody’s and uses CleanSpark’s Bitcoin held in BitGo cold storage, with 1.60x initial collateral coverage and a 1.40x loan-to-value trigger for mandatory redemption. The bonds are structured as limited-recourse, with payments sourced solely from collateral proceeds and no taxpayer backing or state guarantee.
BTC
BTC-1.26%
4-1
4-1
Zcash privacy push: Shielded transactions reach 59.3% and post-quantum plans expand
On April 1, 2026, Zcash was highlighted as seeing shielded transactions reach 59.3% in February 2026, with adoption attributed to wallet-default changes that route users into encrypted pools. The report also pointed to Project Tachyon's post-quantum direction and said Cypherpunk Technologies accumulated over $90M in ZEC, alongside claims that ML-based tracing can link wallet IPs with 95%+ accuracy on transparent chains.
BTC
BTC-1.26%
4-1