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Markets

Circle CEO Rebuts OUSD Pitch, Defends USDC's Network Effects After Stock Slide

Circle CEO Rebuts OUSD Pitch, Defends USDC's Network Effects After Stock Slide

Jeremy Allaire argued that stablecoin networks are winner-take-most businesses built over years, two days after the launch of the 140-plus-firm Open USD consortium sent Circle's stock down more than 17% in a single session.

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Regulation

ESMA Warns Prediction Market Event Contracts May Fall Under EU Binary Options Ban

ESMA Warns Prediction Market Event Contracts May Fall Under EU Binary Options Ban

The European Securities and Markets Authority (ESMA), the EU's securities regulator, said in a statement that many prediction market event contracts may already fall within the bloc's existing ban on marketing binary options to retail investors. The regulator reminded firms they must assess whether…

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CeFi & Stablecoins

eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up

eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up

eToro has become a strategic investor in Extended, an onchain perpetual futures exchange, and said the round begins a partnership with Zengo, the self-custody wallet eToro acquired earlier this year. Neither company disclosed the investment size.

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