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South Africa Drafts Rules That Make Cross-Border Crypto a Regulated Event

South Africa's National Treasury and the South African Reserve Bank have released draft rules defining when crypto transfers become regulated cross-border events under the country's capital flow regime. The South Africa crypto regulation framework is narrower than initial headlines suggest — and its biggest gap may be stablecoins.

Circle Beats Profit Estimates but Misses Revenue as USDC Hits $73B

Circle beat second-quarter profit estimates with earnings of 18 cents per share but missed revenue forecasts, as USDC circulation climbed 19% to $73.3 billion while reserve yields fell 66 basis points. The Circle USDC earnings report reveals a widening gap between network adoption and near-term monetisation — a dynamic that will define stablecoin valuations through the next rate cycle.

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