Bitcoin network activity hits lowest since October 2023. Circle Internet Group stock continues to climb after successful NYSE IPO. Lawmakers continue to battle over green energy tax credits and Stable Sea Terminal helps facilitate overseas crypto to fiat transactions. Jane King has the latest from the NYSE.
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Thanks, Rey.
Bitcoin is holding steady even as President Trump sent the National Guard into Los Angeles to quell immigration protests.
However, the seven day moving average number of transactions on the Bitcoin network hit a 19 month low recently, according to the bloc's data.
Along with the decrease in activity, some low fee transactions have been mined into blocks.
Well, Circle Internet Group shares continue to soar, sending the stock 247% above the IPO price in the stablecoin issuer's second day as a public company.
Its fully diluted market value has now risen to about 28.6 billion, according to Bloomberg.
Ark Investment Management, the technology focused firm founded by Cathy Wood, bought over 3 million shares of Circle for its flagship exchange traded fund on Thursday, according to its website, and Circle is now one of the 10 largest holdings of the fund, making up 4.4% of its weighting.
Well, the conservative House Freedom Caucus said it would not accept changes that watered down its cuts.
Green energy tax credits as the Senate weighs whether to alter parts of the one big beautiful Bill A.
Climate friendly energy projects, including wind and solar, would only be able to qualify for the credits under the House bill if they begin construction within 60 days of the bill's enactment.
That brief window would likely make many projects ineligible for the credits, and it is expected to significantly hamstring the development of new renewable power.
Well, stable.
Helps companies move large transactions for corporate treasuries or merchant payouts faster and cheaper than you can today.
CEO Tanner Tadeo says their new technology called the Terminal will help facilitate these transactions.
We essentially facilitate all with our back end infrastructure, the movement and orchestration of those stablecoins around the globe and the local currency around the world.
Stabley also says they work to get favorable FX rates, and that's the latest headlines.