CORRECTION: $USDC issuer Circle’s trust charter came from the OCC, not NYDFS.
What it means in simpler words:
- Paves way for banks to hold digital assets through Circle
- Major step towards compliance with GENIUS
HOWEVER
❌ No additional benefits for retail customers (as yet)
❌ More regulation → more regulatory compliance costs
❌ Trust charter is not a security measure against hacking
CRYPTO’S SECURITY PROBLEM IS SPIRALING
$1.32B LOST in H1 2026 in 344 ATTACKS.
$110M+ stolen in crypto hacks THIS MONTH alone.
207 hacks in 6 MONTHS - DOUBLE YTD.
This week: 2 bridges hacked in ONE DAY ($31.5M gone).
WEMIX got minted into oblivion overnight.
Even the CEO of Robinhood’s had his x account hacked.
Attack frequency is climbing every single month.
Unless something is done soon to fix security issues, there is only one way for these numbers to go - 🆙
UAE residents, this might be the easiest excuse yet to get friends and family to visit 🇦🇪
Dubai has launched a new programme that gives eligible UAE residents access to travel perks when qualifying friends or family come to visit ✈️
IRS did it again 👀
FIFA’s headline prize was $50M–$51M, but the US immediately withheld a flat 30% federal tax (~$15M).
State-level “jock taxes” then trimmed it further.
Spain’s actual take-home from their 2026 World Cup win: just $31.5M–$33.5M.
@FIFAWorldCup
Looking for communities with smart discussions around crypto, AI, markets and opportunities.
No signals, paid calls or raiding groups.
Any recommendations?
At this point, I’m convinced Argentina is FIFA’s favourite.
Every big decision seems to go their way, every controversy benefits them, and somehow they always end up exactly where FIFA wants them
We're rolling out a small tweak to boost visibility of your posts to your mutuals (people who you follow back).
We noticed this data was missing from the algo and it made your friends appear less in your replies. This resulted in the reply section feeling more like a battleground with people you don't recognize.
This should also help clusters form around interests more easily, which many people have asked for.
5/6
🏦 SHADOW BANKING / PRIVATE CREDIT
• $1T+ of AI infrastructure financed by private credit
• Off-balance-sheet structures, largely unregulated
• Nobody knew where housing risk was in 2008
• Nobody knows where data center debt risk is now
6/6
The scary part? All 5 risks are happening simultaneously and are interconnected.
AI debt → Treasury instability → Japan unwind → private credit stress
It’s not IF one sparks the others. It’s when.
🔁 Repost if you learned something