Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Circle won final OCC approval to create a federally regulated national trust bank, giving its USDC business a deeper foothold inside the US banking system, Robinhood's newly launched layer-2 saw more than $70 million in ETH bridged in its first week, and investors are increasingly scrutinizing insider stock sales at Bitcoin miners that pivoted to AI infrastructure.

USDC stablecoin issuer Circle on Friday announced it received final approval from the US Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank (FNDCB), a national trust bank that will operate under the name Circle National Trust.

“OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the US financial system,” Circle CEO Jeremy Allaire said.

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