Binance Bytes | Key news of the week in crypto and blockchain

1️⃣ The U.S. explores new avenues to expand its Bitcoin reserves

Treasury Secretary Scott Bessent dismissed new direct acquisitions of Bitcoin for the national reserve but expressed openness to exploring budget-neutral mechanisms, such as the use of seized assets. This would strengthen the competitive position of the U.S. in global Bitcoin policy without generating additional costs for taxpayers or risks in the market.

2️⃣ Circle unveils Arc, its own blockchain for stablecoins

Circle announced the launch of Arc, a layer 1 blockchain specifically designed for stablecoin-based applications, where USDC will function as the default gas token. With EVM compatibility, sub-second settlements, and privacy options, Arc aims to enhance high-level enterprise capabilities in stablecoin payments, paving the way for greater use in capital markets.

3️⃣ Chainlink partners with ICE to bring currency and precious metals data on-chain

The collaboration will integrate quotes for over 150 currency pairs and precious metals into Chainlink oracles, gathered from global exchanges. This integration raises institutional standards in data provision and lays the groundwork for the development of new tokenized products aligned with the demands of traditional capital markets.

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