Circle Launches Wallet-as-a-Service Platform for Developers

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Today’s Cryptocurrency Headline

According to The Block, Circle, the issuer of stablecoin USDC, has launched a Wallet-as-a-Service platform for developers. This service enables developers to embed web3 wallets into their applications, offering user-friendly designs. These wallets can be used with any blockchain, making it easier for users to access NFTs, cryptocurrencies, and other web3 digital assets. Currently, users are responsible for safeguarding their private keys, but an upcoming update will allow developers to control user private keys. The company’s Wallet-as-a-Service developer platform is currently undergoing testing.

BingX’s Bitcoin Chart

Source: TradingView & BingX

BTC experienced a significant drop, briefly falling near $29,900, indicating the end of the upward trend on the 4-hour chart. However, the overall high-level consolidation structure on the daily timeframe remains intact. Last week, the support level was tested around $29,500, with a critical level at the $30,000 mark. After three consecutive days of significant pullback, the short-term trend for BTC appears bearish, showing a tendency to retest support levels. The market volatility remains highly unstable, lacking a clear trend or sustained movement.

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