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Circle’s Allaire: Stablecoin firm targets 40 emerging markets

Circle’s CEO and chairman, Jeremy Allaire, says the stablecoin issuer is preparing to expand into roughly 40 developing markets, positioning the company for what he describes as a shift from early blockchain experimentation to wider, mainstream usage. Speaking to Reuters on Friday on the sidelines of the IMF and World Bank meetings in Bangkok, Allaire framed the move as part of a broader “transition” that should increase stablecoin demand as businesses and individuals look for ways to participate in an internet-based economy. Key takeaways Circle is targeting expansion into about 40 developing markets, according to Jeremy Allaire. Allaire links the growth push to rising stablecoin demand in Southeast Asia, Latin America, Africa, and the Middle East. Bernstein analysts expect a new USDC growth cycle supported by market recovery, clearer US rules, and tokenized capital market adoption. Bernstein reports USDC has overtaken Tether’s USDt in adjusted stablecoin transaction volume sh...
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Circle CEO Allaire Says Stablecoin Push Targets 40 Developing Markets

Circle is looking to expand its stablecoin business into roughly 40 developing markets, positioning the company for what CEO and chairman Jeremy Allaire described as a shift from early experimentation to broader “mainstream scaling” of blockchain-based payments. Speaking to Reuters from the sidelines of the IMF and World Bank meetings in Bangkok, Allaire said demand for stablecoins is rising across Southeast Asia, Latin America, Africa, and the Middle East as businesses and individuals look for ways to participate in an internet-based economy. Key takeaways Circle plans to target about 40 developing markets as it moves from early blockchain adoption toward wider scaling. Reuters reports Allaire linked increased stablecoin demand to business and retail interest in faster, more accessible digital payments. Bernstein expects a potential new USDC growth cycle supported by clearer US regulation and the expansion of tokenized finance. Bernstein data cited by Cointelegraph indicates U...
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Balaji’s ‘social media Singapore’ launches with sweeping bans

Balaji Srinivasan’s Network School has taken control of Farcaster, announcing the acquisition and a rebrand of the social app as the Network State Protocol. The shift immediately triggered complaints from parts of the Farcaster community after some users reported their accounts were restricted to “read-only,” allegedly due to violations of the new reference app’s code. According to Network School, the Network State Protocol aims to create a “positive-sum” community with enforceable standards—backed by what it calls “social smart contracts.” But critics argue that retroactively restricting accounts for past posts conflicts with the ethos of decentralized social. Key takeaways Network School says it acquired Farcaster from Neynar and is relaunching it as the Network State Protocol. Several Farcaster users reported account restrictions to “read-only” tied to earlier posts they believe violate new rules. Network School’s model centers on an opt-in “social smart contract” that lets it...
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Judge Denies CFTC Challenge in Gemini Bid to Reverse $5M Settlement

A US federal judge has denied a bid by cryptocurrency exchange Gemini and the US Commodity Futures Trading Commission (CFTC) to undo a January 2025 settlement tied to alleged misconduct related to the exchange’s Bitcoin auction practices. The decision means a $5 million penalty and an associated permanent injunction against Gemini remain in place. In a ruling issued Thursday, Judge Alvin Hellerstein rejected the parties’ argument that shifts in CFTC enforcement priorities and allegations of improper conduct by members of the regulator’s enforcement division justified setting aside the deal. The settlement had previously been challenged after an internal agency review, prompted by Gemini and the CFTC’s own reconsideration process, concluded that the regulator would not have pursued the matter under current enforcement standards. Key takeaways Judge Alvin Hellerstein refused to overturn Gemini and CFTC’s January 2025 settlement, keeping the $5 million penalty intact. The court found ...
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Karpelès: Ledger’s Early Implant Warnings Needed Faster Action

French hardware wallet vendor Ledger disclosed that some customer losses tied to wallets sold through a Southeast Asia reseller involved devices containing an unauthorized hardware implant. The episode has reignited scrutiny of how tampered units reach end users—and whether manufacturers act quickly enough after receiving early warning signs. According to Mark Karpelès, former CEO of Mt. Gox, he was told of tampered Ledger devices months before Ledger’s latest security crisis surfaced. Separately, security researcher Joe Grand says he reported a malicious implant to Ledger as early as March 4, 2026—based on a Nano X purchased from online marketplace Lazada Thailand in August 2025. Key takeaways Ledger confirmed that at least one affected device contained an unauthorized implant tied to recent loss reports involving wallets sold via a Southeast Asia reseller. Mark Karpelès says he had received reports of tampered Ledger hardware dating back to December 2025, before the Oct. 9 crisis...
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Pump Fun Launches Bitcoin And Ethereum Futures With Up To 40x Leverage

Pump.fun has launched cryptocurrency perpetual futures trading through Hyperliquid, expanding its services beyond Solana-based memecoins. The integration introduces leveraged Bitcoin and Ethereum contracts while giving traders access to Hyperliquid's existing liquidity. The expansion also creates another revenue opportunity for Pump.fun as competition across decentralized trading platforms continues. Pump Fun Introduces Bitcoin Perpetual Futures With 40x Leverage Pump.fun now supports Bitcoin (BTC) perpetual futures with leverage reaching 40x through Hyperliquid's decentralized trading infrastructure. The product allows eligible traders to speculate on Bitcoin price movements without purchasing or holding BTC directly. Moreover, traders can open leveraged positions through Pump.fun while Hyperliquid supplies the underlying trading infrastructure. The launch follows technical developments that surfaced in Pump.fun's application programming interface on October 9. Developers ...
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Wall Street’s 4 p.m. close boosts tokenized stock trading

Tokenized stocks are increasingly trading around the clock, and new data suggests the “after-hours” use case is no longer a niche experiment. According to Blockworks figures cited by The Kobeissi Letter, more than 70% of tokenized stock trading volume on BNB Chain happens outside the traditional U.S. market session. Similar patterns—though slightly lower—are visible on Solana and Base, pointing to a growing demand for equities access that does not depend on Wall Street’s opening bell. At the same time, parts of the tokenized-stock ecosystem still appear difficult to access for U.S. investors. That gap matters as regulators begin creating pathways for compliant tokenized trading. In parallel, other business developments—from Bitcoin treasury expansion to proposed stablecoin accounting changes—are shaping how corporate players may engage with crypto over the next cycle. Key takeaways Over 70% of tokenized stock trading volume on BNB Chain occurs outside regular U.S. market hours, with ...
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