Crypto DeFi Project Cetus Protocol Suffers Security Breach
The project confirmed the incident in a post on X, formerly Twitter, stating that its smart contracts had been paused 'temporarily for safety' and that a full investigation is underway. 'The team is investigating the incident at the moment. A further investigation statement will be made soon,' the post said.
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Circle Internet Group Stock Jumps as USDC Stablecoin Circulation Soars
Key Takeaways Circle Internet Group exceeded adjusted EBITDA and revenue estimates in its first financial report since its June IPO. The crypto firm that issues the USDC stablecoin reported circulation jumped 90% over the past year. Circle said it expects to benefit from the recently enacted GENIUS Internet Group (CRCL) shares jumped nearly 8% Tuesday as its first financial report since its initial public offering (IPO) came in better than expected on growing use of the USDC stablecoin. The company that issues USDC reported second-quarter adjusted EBITDA of $126 million, more than $3 million above what analysts surveyed by Visible Alpha were looking for. Revenue gained 53% year-over-year to $658 million, also beating forecasts. Circle noted that USDC circulation soared 90% year-over-year to $61.3 billion at the end of the quarter, and was up an additional 6.4% to $65.2 billion as of Aug. 10. June IPO 'Marked a Pivotal Moment' Co-founder and CEO Jeremy Allaire said the IPO in June "marked a pivotal moment—not just for our company, but for the broader adoption of stablecoins and the growth of the new internet financial system." Allaire added that the company is seeing "accelerating interest in building on stablecoins and partnering with Circle across every significant sector of the financial industry." The company noted that the GENIUS Act passed by Congress and signed by President Donald Trump, which establishes a framework for the cryptocurrency sector, "strengthens Circle's position as the leading regulated stablecoin issuer." Shares of Circle Internet Group recently were trading around $173—about 450% above their IPO price of $31 and 150% higher than their opening level of $69 in their debut June 5. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
31 minutes ago
- Yahoo
WNBA Preview: A story the league didn't see coming; Rivals Week lookahead
The WNBA has endured two epidemics this season. The first, which I discussed two weeks ago, is a surge of injuries around the league. The second is something that almost no one saw coming and became a national headline. Last week, we learned why lime green adult toys have been thrown onto the courts in over one-third of WNBA cities. A group of crypto traders launched a meme crypto coin that mirrored the toys. To garner attention for their coin, this group coordinated a plan to make sure these toys were thrown across the country. While representatives from this group claimed that their intent wasn't to demean women's sports, that's exactly what happened. That negative, demeaning attention reached many spheres, with the President of the United States' son posting an AI-generated meme mocking the players and the league. This latest prank is representative of how for so long women's basketball and the WNBA were often treated every single day. The online bullying, the jokes across mainstream media that punched down. It's not funny and it never was. Just like most social progress, a step forward is often countered with at least one step back. The WNBA's growth over the past two years and this prank in response is a case in point. Now that the dust has settled, and arrests and investigations are underway, it's time to take another step forward instead of retreating. Now onto the basketball. This week is the continuation of Rivals Week, a new league initiative where the WNBA is spotlighting a bunch of different matchups that feature the most established stars and most intriguing young stars in the league. The WNBA also wanted to be able to spotlight rivalries throughout league history in addition to the potential and bubbling ones of the present while also trying to create some more drama when it comes to playoff positioning. While the idea is creative and thoughtful in theory, it hasn't been working out so well in practice. The first 2024 WNBA finals rematch came at the end of July, and the final three matchups, two of which have been scheduled during rivals week, are going to be without both Liberty star Breanna Stewart and Lynx MVP frontrunner Napheesa Collier. 'You never know what's gonna happen with teams and the league didn't know that [Collier]and I were both gonna be out,' Stewart told reporters on Sunday. 'But you want to see everybody full throttle. That's the first game of the season, or the second or the third. Not August.' Is the league trying to do too much in this one week that began on Saturday August 9 and concludes on Sunday August 17? Build rivalries, showcase stars, create playoff seeding tension. It's a lot to try to accomplish all under the singular umbrella of Rivals Week. Also, Minnesota Lynx head coach Cheryl Reeve expressed that while the league should be trying to build rivalries, it cannot prematurely assign them based on one highly exciting playoff series. It needs to be organic just like the iconic rivalry between the Lynx and the Sparks of the mid 2010s which gave fans a look into what would happen around a decade later. 'There's a chance, I think by the end of 2025, [Lynx vs. Liberty] becomes a rivalry through what happens during the course of this regular season and then whatever happens in the playoffs,' Reeve said on Sunday. 'I don't think we're there yet, but the league says we are.' The Week Ahead As noted above, this week is the continuation of Rivals Week, a new WNBA initiative sponsored by bank and prominent women's sports sponsor Ally. The Liberty play two of their 'rivals' over the week in the Minnesota Lynx yet again in addition to the Las Vegas Aces who New York faced in two straight years during the postseason. The Atlanta Dream play the Seattle Storm twice in a two-game mini series that concludes in Canada, which will be the WNBA's first regular season game in Canada before the expansion team the Toronto Tempo launch in 2026. Not all of the games played this week during the continuation of Rivals Week represent full fledged rivalries. As Reeve said on Sunday, there needs to be multiple matchups of consequence played between two teams for them to be considered a rivalry that can stand the test of time. New York Liberty @ Las Vegas Aces (Wednesday August 13 at 9:30 p.m. ET on ESPN) While the dynamics between these two teams have shifted ever since Kelsey Plum left the Aces for the Sparks, this is still a matchup between some of the best talent in the league. And this is still a matchup that both teams will get up for. A'ja Wilson will battle against Jonquel Jones as both players missed time during the second matchup on July 8. The Aces have been on a tear winning four out of their last five games while the Liberty have gone 3-2 in that same span of time without 2023 league MVP Breanna Stewart. Since the Liberty are coming off a back-to-back, the Aces should have the advantage, although the Aces have struggled with consistency in 2025. How will the Liberty handle an Aces team that has played better with Jewell Loyd coming off the bench? And how will Las Vegas handle a New York team with Emma Meesseman? It's a look Wilson, Becky Hammon and company have yet to see. Seattle Storm vs. Atlanta Dream (Friday August 15 at 10 p.m. ET on ION) The hottest team in the Dream face off against the ice-cold Storm that have lost five straight games including two back-and-fourth offensive slogs against the Aces and the Sparks. Before these two teams face each other in Vancouver, Canada on Friday for the WNBA's first regular season game in Canada prior to the Tempo's launch, these two will also play each other in Seattle on Wednesday night. Will new acquisition Brittney Sykes help the Storm find a win to propel themselves out of 8th place in the standings? Without Brittney Griner and Rhyne Howard for most of the Dream's five game winning streak, first year coach Karl Smesko and Atlanta are making a push to catch the New York Liberty and earn home court advantage. Las Vegas Aces @ Phoenix Mercury (Friday August 15 at 10:00 PM ET on ION) Las Vegas has had Phoenix's number so far this season, beating the Mercury twice during the first half of the season, although both games the Aces have won by a combined 4 points. Even when the Aces struggled with their consistency especially on the defensive end, A'ja Wilson led the way in both contests scoring 14 points in the first matchup and putting up a monster 26/18 double-double in the second. This will be Vegas' first look at the Mercury with DeWanna Bonner who joined the team on July 8. Via multiple sources familiar with the situation, Bonner was very close to signing with the Aces but then chose the Mercury. I will be curious to see how the Aces play against Bonner for the first time after she passed on them. New York Liberty @ Minnesota Lynx (Saturday August 16 at 2:00 p.m. ET on CBS) The Liberty are put through the ringer this week. After suffering a tough loss to the Lynx on Sunday where Minnesota's swarming defense created 22 points off 20 turnovers, New York heads west to play a back-to-back on Tuesday and Wednesday before flying to Minneapolis to face the Lynx on Saturday. While the Liberty might be exhausted, they'll at least have a day to practice, something they haven't had since Emma Meesseman made her debut on August 3. Presumably without Napheesa Collier for the third out of fourth 2024 WNBA Finals matchup, the Lynx will look to win the season series against the Liberty, and they'll have five days without any games this week to be able to do so. It will come down to which team is most alert: the one in game rhythm or the one without a single game for five days. Will the Liberty learn from their mistakes in the first two games or will the Lynx continue rolling even without their best player? Atlanta Dream @ Golden State Valkyries (Sunday August 17 at 8:30 p.m. ET on NBA TV) Both the Dream and Valkyries are looking to elevate their playoff standings. As of this writing, the Dream are tied by record for second place with the Liberty but New York has the tiebreaker having beat Atlanta twice out of three times that the two teams have played. What's the difference between second and third place? A lot. First and Second place in the standings guarantee home court advantage through at least the first two rounds, while third place most likely just means the first round unless a higher seed is knocked out early. The Valkyries are trying to hold onto the 7th seed, but they have the Storm and Sparks trailing them in 8th and 9th place respectively by less than a full game. The Sparks will play just hours before this matchup against the Mystics, yet another team that's currently hanging around in the playoff picture amid the team's most recent moves prior to the trade deadline. Although it seemed quite clear that those moves communicate the franchise's lack of enthusiasm to try to make the playoffs in 2025.
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Circle announces new blockchain amid blockbuster earnings
Circle announces new blockchain amid blockbuster earnings originally appeared on TheStreet. The crypto company Circle Internet Group (NYSE: CRCL) announced the launch of Arc, an open layer-1, stablecoin-centric blockchain, on Aug. 12. Designed to provide an enterprise-grade foundation for stablecoin payments, forex, and capital markets applications, the Ethereum Virtual Machine (EVM)-compatible network features the USDC stablecoin as its native gas token. With the public testnet expected to launch this fall, Arc will be fully integrated across Circle's platform and services and interoperable with dozens of other partner blockchains supported by announcement comes amid the stablecoin issuer recording a 53% year-over-year (YoY) surge in its total revenue and reserve during the second quarter of 2025. The figure stood at $658 million in Q2 2025. Net loss during the last quarter stood at $482 million due to non-cash charges that totaled $591 million around the initial public offering (IPO). Adjusted EBITDA rose 52% YoY to $126 million in Q2. 'I'm proud of Circle's performance in the second quarter, our first as a public company, where we demonstrated sustained growth and adoption of our platform across a multitude of use cases and with a diverse set of industry-defining partners,' said Circle co-founder, CEO, and chairman Jeremy Allaire. Launched in October 2013, Circle is the company behind the USDC stablecoin. With a market cap of $65 billion, it occupies around 24% of the total stablecoin market. The crypto firm made an extraordinary public debut on the NYSE in June 2025. After posting earnings for the first time after going public, the stock rose 6.5% in pre-market hours and was trading at $172.01 at press time. Circle announces new blockchain amid blockbuster earnings first appeared on TheStreet on Aug 12, 2025 This story was originally reported by TheStreet on Aug 12, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
