Circle Payments Network Unveiled: Here is What You Need to Know

Monicah W

The post Circle Payments Network Unveiled: Here is What You Need to Know appeared first on Coinpedia Fintech News

  • The Circle Payments Network will leverage regulated stablecoins led by USDC and EURC.
  • The CPN will connect global banks, and VASPs to outpace legacy systems like SWIFT.

Circle Internet Financial, a top-tier stablecoins issuer, announced the launch of Circle Payments Network (CPN), a blockchain-based platform to connect global financial institutions. Circle collaborated with BNY, Banco Santander, Deutsche Bank, Société Générale, and Standard Chartered Bank to ensure the successful launch of the CPN.

At launch, the CPN already has several working partners in global financial markets led by BCB Group, BVNK, CoinMENA, Coins.ph, Conduit, dLocal, dtcpay, Flutterwave, RedotPay, TazaPay, Transfero Group, Triple-A, Trubit, Unlimit, Yellow Card, Zepz, and Zodia Markets.

“Since our founding, Circle’s vision has been to make moving money as simple and efficient as sending an email. CPN is a significant step in making that vision a reality for businesses worldwide,” Jeremy Allaire, CEO of Circle, noted.

Market Impact of Circle Payment Network

The strategic launch of the CPN platform will play a crucial role in steering forward Circle’s business amid heightened competition in the stablecoins market. Through offering real-time settlements, the CPN will tap into regulated stablecoins led by the USDC and the EURC, among others.

“Circle Payments Network is a foundational layer for the always-on economy — enabling trusted institutions to move value across borders, instantly. With programmable infrastructure at its core, CPN makes it possible to embed value transfer into modern financial applications in ways that weren’t feasible before,” Nikhil Chandhok, Chief Product and Technology Officer at Circle noted.

The CPN aims at dethroning the legacy systems like SWIFT in enabling global money transfer. Moreover, the CPN is more cost-efficient as it supports blockchain technology, currently Ethereum (ETH) and Avalanche (AVAX).

In the long haul, the launch of CPN will enable USDC’s market dominance to catch up with Tether USDT. As of this writing, Circle’s USDC had a market cap of about $60.9 billion and a 24-hour average trading volume of about $7.6 billion.

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Crypto Market Rebounds As Donald Trump Exempts Tech From Tariffs On China

Crypto Market Rebounds As Donald Trump Exempts Tech From Tariffs On China

The crypto market, led by Bitcoin, has rebounded following Donald Trump’s decision to exempt tech products from tariffs he has imposed on China and other countries. Market participants see this as a positive amid the ongoing trade war between the US and China.

Crypto Market Rebounds As Donald Trump Exempts Tech Products From Tariffs

The crypto market has surged following Donald Trump’s move to exempt tech products from reciprocal tariffs imposed on China and other countries. According to a CNBC report, the US president has exempted phones, computers, and chips from the new tariffs.

The Bitcoin price surged past the $85,000 market following this report, with other altcoins also recording significant gains. This development is undoubtedly bullish for the market as it reduces the severity of the tariffs that Trump imposed on almost all countries earlier this month.

Moreover, this represents a big win for the stock market, with companies like Apple the biggest beneficiaries of this exemption. As such, it is normal for the crypto market to rebound alongside, given Bitcoin’s correlation with stocks.

Meanwhile, this move could also mark the beginning of the end of the ongoing trade war between the US and China. As CoinGape reported, China yesterday announced a 125% tariff on US imports following the latter’s decision to impose 145% tariffs on Chinese goods.

Trump already mentioned that he is looking forward to making a deal with China, which is also positive for the market. Bitcoin and altcoins could witness another massive rally once that happens.

Correctional Phase Could Soon Be Over

In a recent X post, crypto analyst Kevin Capital suggested that the correctional phase could soon be over for the crypto market. He noted that this phase has so far gone according to plan. However, he warned that there is still a lot of work to be done.

The analyst believes it is important for the Bitcoin price to clear the $89,000 level before market participants start feeling good. He added that the macro side also needs to line up for things to start looking really good for the market.

The macro side looks to be progressing well as the Federal Reserve recently revealed plans to provide liquidity if necessary. Meanwhile, the latest CPI and PPI inflation data came in lower than expectations, which could also motivate the Fed to start easing monetary policies.

Crypto analyst Rekt Capital warned that Bitcoin isn’t there yet. He stated that it would be momentous to weekly close above $86,000, as this would potentially set BTC up for a repeat of a mid-2021 breakout. However, the flagship crypto is still away from the bullish weekly close of $86,811.

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HBAR Jumps 20% on Nasdaq’s ETF Filing, Yet Key Indicators Suggest Caution

HBAR noted a 20% rally during Wednesday’s intraday trading session. This double-digit gain was fueled by Nasdaq’s filing of a 19b-4 form with the US Securities and Exchange Commission (SEC) to list and trade Grayscale’s spot HBAR exchange-traded fund (ETF). 

However, the rally appears to be losing momentum. Market indicators suggest that bearish sentiment is strengthening, putting HBAR at risk of losing recent gains. 

HBAR Faces Downward Pressure as Market Sentiment Turns Bearish

HBAR’s negative Balance of Power (BoP) reading indicates weakening buying pressure among its spot market participants. At press time, this indicator, which compares the strength of an asset’s bulls and bears, is below zero at -0.09.

HBAR BoP
HBAR Balance of Power. Source: TradingView

When an asset’s BoP is negative, its sellers exert more control over price action. This suggests weakening buying pressure in the HBAR market and hints at a potential continuation of the bearish momentum. 

Moreover, HBAR’s Long/Short ratio indicates an increasing dominance of short positions, confirming the bearish sentiment among its futures traders. As of this writing, this stands at 0.98.

HBAR Long/Short Ratio.
HBAR Long/Short Ratio. Source: Coinglass

The Long/Short ratio measures the proportion of long positions (bets on price increases) to short positions (bets on price declines) in the market. When the ratio is below 1, it indicates that short positions outnumber long positions. It highlights the bearish sentiment among HBAR holders and increases the downward pressure on its price.

HBAR’s Fate Hangs in the Balance

HBAR exchanges hands at $0.24 at press time. On the daily chart, it trades above support formed at $0.22. If bearish pressure gains momentum, this level may fail to hold. HBAR’s price could decline further to $0.17 if the bulls cannot defend this support level.

HBAR Price Analysis.
HBAR Price Analysis. Source: TradingView

Conversely, a positive shift in market sentiment could prevent this. If new demand trickles into the market, HBAR’s price could breach resistance at $0.26 and rally toward $0.31. 

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Galaxy Digital Moves $100 Million in Ethereum: Strategic Shift or Sell-Off Signal?

Galaxy Digital, a leading crypto investment firm, has recently captured the crypto community’s attention. The firm recently transferred massive Ethereum (ETH) holdings to centralized exchanges. 

The move comes when the crypto market navigates significant volatility, prompting investors to question whether this signals a major sell-off or reflects Galaxy Digital’s strategic portfolio management.

Galaxy Digital’s Persistent ETH Transfers to Exchanges

On-chain data reveals Galaxy Digital has executed a series of substantial ETH transfers to major exchanges in less than a week. On the morning of April 18, 2025, the firm sent 12,500 ETH, valued at approximately $20 million, to Binance. 

Just a day earlier, on April 17, Galaxy Digital moved 12,181 ETH, worth around $19.02 million, to another centralized exchange. On April 16, an additional 12,500 ETH, valued at $20.31 million, was transferred to Binance. On April 15, another transaction involving 12,500 ETH and 5 million USDT was sent to the same platform.

In total, Galaxy Digital has moved a significant volume of ETH, worth over $100 million, out of its wallets in a short period. The scale and frequency of these transactions have sparked widespread speculation about the firm’s true intentions.

Sell-Off or Strategic Restructuring?

Large-scale ETH transfers to exchanges are often interpreted as a precursor to selling. If Galaxy Digital is offloading ETH, it could exert downward pressure on the asset’s price, particularly given the current market uncertainty.

ETH’s price has already declined significantly from its cycle peak. And Galaxy Digital’s transactions could amplify bearish sentiment among investors.

However, not all exchange transfers equate to a sell-off. Galaxy Digital might be preparing for other activities, such as providing liquidity for its financial products or executing swaps to diversify its portfolio. Still, these transfers’ sheer volume and rapid pace have raised concerns about their potential impact on ETH’s price.

Adding to the intrigue, these transactions coincide with Christine Kim’s resignation as Galaxy Digital’s Vice President of Research.

Kim, a well-known Ethereum expert, recently left the firm to pursue her ventures. While no direct evidence links her departure to the ETH transfers, the timing has fueled speculation about whether Galaxy Digital is reevaluating its stance on Ethereum.

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