Circle, the issuer of the stablecoin USDC, announced its third-quarter results, with total revenue and reserve income of $864.9 million, a year-over-year increase of 17%, exceeding market expectations of $776.7 million. Adjusted EBITDA was $317 million, a year-over-year increase of 91%, exceeding expectations of $202.8 million. Circle reported net income of $226 million, exceeding the expected $91.6 million; earnings per share were 84 cents, compared to 64 cents in the same period last year. Circle maintained its guidance, and its shares rose more than 3% in pre-market trading.

Circle (CRCL.N) maintained its earnings guidance, projecting full-year other revenue of $310 million to $330 million. The average outstanding USDC in the third quarter was $73.3 billion. Circle's stock rose 2.9% in pre-market trading after third-quarter revenue and reserve income exceeded expectations.

On November 4, Tron founder Justin Sun filed a lawsuit in a U.S. federal court, demanding that World Liberty Financial (WLFI), a project associated with the Trump family, and its lawyers pay $263,800 in sanctions costs. Sun alleges that World Liberty Financial submitted misleading documents in a $45 million investment lawsuit, concealing a UAE affiliate in the company's ownership chain. Justin Sun and two co-plaintiffs allege that World Liberty Financial initially listed Florida as its domicile, only revising its disclosure three months later to include 22 individuals and entities, including those related to the United Arab Emirates, and thus argued that the federal court lacked jurisdiction. Justin Sun plans to reopen the lawsuit in California state court after the sanctions application is resolved. A hearing is scheduled for December 10.

Belong.net's Long Events has launched 16 MCP tools that allow users to pay for event data API calls on the Base chain for 0.005 USDC.

On November 4th, a protocol upgrade proposal appeared on the Scroll DAO forum, suggesting that Scroll be transformed into a dedicated network for permissioned applications focused on privacy-preserving AI, and that SCR be migrated to the Ethereum mainnet. If the proposal is approved, the Scroll Foundation will lead the network upgrade and asset migration. The new network will serve an integrated AI product stack including Compass, Compass API, CENO, USX, and SCR, focusing on privacy-preserving AI interactions, secure credentials, agent workflows, and payment and computing power coordination. The SCR supply and overall token economy will remain unchanged, and it will continue to serve governance functions, with the governance scope planned to extend to USX core parameters and serve as collateral for some high-risk commitments and validators.