News

Jinse Finance reported that on July 1, according to Whale monitoring, Circle issued an additional 250 million USDC on Solana today at 10:25 (UTC+8). Within approximately 15 minutes, a total of 1 billion USDC had been newly issued on Solana.

Glonghui, July 1 — EchoStar’s satellite pay-TV business unit Dish DBS and its wireless subsidiary have filed for Chapter 11 bankruptcy protection, seeking court approval for a prearranged restructuring plan. This move aims to address imminent debt maturities and pave the way for the gradual exit of Dish Wireless’s 5G network business — previously, the company’s deal to sell spectrum licenses to AT&T experienced an unexpected delay. Dish DBS stated that the bankruptcy filing was made in the Houston Division of the U.S. Bankruptcy Court for the Southern District of Texas, mainly because the company is unable to repay $2 billion in senior secured notes with a 7.75% annual interest rate, which are due on July 1.

Foresight News reported that Aptos announced the market cap of stablecoins in its ecosystem surpassed $2 billion in June 2026, reaching a new all-time high. Meanwhile, Aptos Labs declared that it has become a launch partner for the new Open Standard stablecoin, Open USD, along with other institutions such as Mastercard, Visa, and Stripe. Open USD is designed as an open, low-cost stablecoin aimed at advancing the development of an open financial system.