# July 10: Circle Becomes a National Bank

Page: https://stenobird.com/podcast/daily-crypto-news-6024634/july-10-circle-becomes-a-national-bank
Text version: https://stenobird.com/podcast/daily-crypto-news-6024634/july-10-circle-becomes-a-national-bank.md
Podcast: [Daily Crypto News](https://stenobird.com/podcast/daily-crypto-news-6024634)
Published: 2026-07-10T15:01:12+00:00
Episode link: https://shows.acast.com/today-in-web-3/episodes/6a51093873fcc6a8a76431bd
Audio file: https://sphinx.acast.com/p/open/s/63e26a946b77a10011ea5094/e/6a51093873fcc6a8a76431bd/media.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/daily-crypto-news-6024634/episodes/july-10-circle-becomes-a-national-bank
Duration seconds: 500

## Resource

Crypto infrastructure continues expanding even as Bitcoin remains stuck in one of the longest trading ranges in its history. Matt breaks down  Circle's approval to launch a federally supervised national trust bank , Robinhood's Layer 2 blockchain surpassing  $70 million in bridged ETH , and Metaplanet's plans to develop Bitcoin-backed tokenized credit products. He also covers the rapid growth of prediction markets, now projected to reach  $240 billion  in trading volume this year. The episode also explores Polymarket's push for U.S. margin trading, a new AI-powered "Internet Court" backed by MetaMask and OKX, XRP's breakout above  $1.10 , and why Bitcoin's  307-day consolidation  between $60,000 and $70,000 has become one of the longest in the asset's history. Matt closes by explaining why, despite Bitcoin's lack of price movement, the companies building crypto infrastructure continue moving the industry forward. Happy Hodling, Everyone. Hosted on Acast. See acast.com/privacy for more information.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/daily-crypto-news-6024634/episodes/july-10-circle-becomes-a-national-bank/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/daily-crypto-news-6024634/july-10-circle-becomes-a-national-bank.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.