Following Open Standard's announcement of the launch of its new stablecoin, Open USD (OUSD), Circle's stock price fell more than 16% on Tuesday. The stablecoin is backed by over 140 companies, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, raising concerns that it could put competitive pressure on Circle's existing USDC. However, William Blair analysts believe the sell-off is an overreaction and reiterated their "outperform" rating on Circle stock, suggesting the decline may actually present a buying opportunity. The firm believes Circle has a first-mover advantage, strong liquidity, and a mature payment infrastructure in the stablecoin space, placing it in a favorable position even against high-profile competitors like OUSD. Circle CEO Jeremy Allaire stated that the company welcomes competition and will continue to expand the USDC ecosystem. Analysts also believe the stablecoin market as a whole is still expanding rapidly, and new entrants may not only be grabbing USDC market share but could also drive overall industry adoption.

Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it is soliciting public comments on the regulatory approach for "new types of ETFs," assessing whether existing fund registration and listing processes need adjustment. This review comes against the backdrop of the rapid expansion of crypto ETFs and the increasing number of applications for prediction market-related ETFs. SEC Chairman Paul Atkins stated that the regulator wants to hear market feedback to ensure that the U.S. ETF market can effectively serve investors while continuing to grow and innovate. Since Atkins took over as SEC chairman in April 2025, the SEC has approved several crypto ETFs other than Bitcoin and Ethereum, including products tracking assets such as SOL and DOGE. Currently, market attention is shifting to prediction market ETFs linked to political and economic outcomes. The SEC has not yet approved the listing of such funds and has postponed several related applications. Atkins previously stated that the SEC will evaluate these products in a "transparent and prudent" manner. In this comment period, the SEC inquired whether a standardized listing framework should be established for ETFs that meet certain criteria, and whether certain new types of ETFs need to register as investment companies. TD Cowen analysts believe this consultation could drive rule changes as early as 2027, allowing the SEC to permit a wider range of ETF types, including event-driven contracts, crypto assets, and single-stock strategies. (The Block)

Odaily Planet Daily reports that Anthropic has announced the full rollout of the Claude Sonnet 5. (Jinshi)

According to Odaily Planet Daily, US President Trump's 2025 financial report states that he received $635 million in revenue from licensing or revenue sharing related to "Memecoin". (Jinshi)

According to Cryptowallet.com, Crypto Wallet Phantom has announced a significant increase in its investment in perpetual contracts, hiring Alvin Hsia, Emily Hsia, and Aris Samad, founders of the Ventuals project. Ventuals closed its OpenAI and Anthropic perpetual contract marketplaces earlier this week. The three will join Phantom's trading and data teams. Phantom CEO Brandon Millman stated that this hiring is part of its broader trading strategy, noting that Phantom has become the largest distribution partner in the Hyperliquid ecosystem and plans to deepen its focus on perpetual contracts.