DCF GOD spent 40,000 USDC to purchase 866.67 UNIBOT
According to data monitored by Spot On Chain, DCF GOD seems to have spent 40,000 USDC at an average price of $46.154 to buy 866.67 UNIBOT about 30 minutes ago. After the hacker attack, the price of UNIBOT plummeted by nearly 40%.
20,789 USDC stolen from one address
According to Lookonchain monitoring, a certain address received 20,789 USDC and spent 1,000 USDC to purchase Milk. 19,789 USDC was stolen by the Unibot attacker, but they haven't noticed yet. They sold Milk for 2,194 USDC and earned 1,194 USDC (+120%), but 2,194 USDC was stolen again after one hour.
87.5 million USDC transferred from unknown wallet to Coinbase
According to Whale Alert monitoring, 87.5 million USDC was transferred from an unknown wallet to Coinbase.
Circle partners with BitoGroup and FamilyMart to launch “points-to-crypto” service
Circle has partnered with cryptocurrency exchange BitoGroup and convenience store chain FamilyMart to expand its market influence. Circle stated that the three companies are launching a "loyalty points to cryptocurrency" service, allowing users to convert their FamilyMart loyalty points into USDC and other cryptocurrencies.
A giant whale sold more than 152 WBTC 45 minutes ago and made a profit of US$696,000 in 5 days.
According to Spot On Chain monitoring on October 26th, 45 minutes ago, a whale address starting with 0xed8 sold 152.885 WBTC at an average price of $34,765, exchanged for 531.5 USDC, and made a profit of $696,000 within 5 days.
The whale traded WBTC 4 times, only profiting once, with a total profit of $571,000 (+3.42%).
OKX will support native USDC on Optimism and Polygon networks
According to an official announcement on October 26th, OKX will begin supporting native USDC on the Optimism and Polygon networks to meet the various trading needs of users.
- USDC native coin deposit opening time: 11:00 am (UTC+8) on October 26th;
- USDC native coin withdrawal opening time: 4:00 pm (UTC+8) on October 26th.
Circle: Joined TBD and the Linux Foundation’s new non-profit foundation
Circle announced its joining of TBD, a bitcoin-focused subsidiary of Jack Dorsey's Block, and the newly established non-profit foundation of Linux Foundation, aiming to create a set of open source standards for decentralized identity, credentials, and open payments built on the blockchain.
Since September 1, FalconX Has Withdrawn a Total of 428 Million USDC From Circle, Most of Which Have Been Deposited Into the Exchange
According to Lookonchain monitoring, before the rise of BTC today, FalconX extracted 30.5 million USDC from Circle and deposited it into Binance. Since September 1st, FalconX has extracted a total of 428 million USDC from Circle, most of which has been deposited into exchanges.
The USDC treasury destroyed 51,591,300 USDC
Data monitored by Whale Alert shows that the USDC treasury has destroyed 51,591,300 USDC coins.
Binance Will Support Polygon Network to Support Native USDC
According to an official announcement on October 23, Binance will support the native USD Coin (USDC) issued by Circle on the Polygon network. Deposits and withdrawals of the token on the network will be available soon.
Binance already supports the cross-chain version of USD Coin (PoS) (USDC.e) and will use MATICUSDCE as the code.
As of October 19, total USDC circulation has rebounded to $25.4 billion
As of October 19th, Circle issued approximately $1.4 billion USDC and redeemed approximately $1.1 billion USDC in the past 7 days, reducing the circulation by approximately $400 million.
The total circulation of USDC is $25.4 billion, with a reserve of $25.5 billion, including $1.7 billion in cash, and the Circle Reserve Fund holds $23.9 billion.
As of October 19, USDC Circulation Increased by $300 Million
Circle has issued a total of 1.4 billion USDC and redeemed 1.1 billion USDC in the past 7 days, increasing the circulation by 300 million USDC. The total circulation of USDC is 25.4 billion US dollars, with a reserve of 25.6 billion US dollars, including 1.7 billion US dollars in cash, and Circle Reserve Fund holds 23.9 billion US dollars.
Circle Launches Smart Contract Platform to Simplify Web3 App Development
Circle, a stablecoin issuer, has launched a new tool called "Smart Contract Platform" that aims to simplify the process of building Web3 apps for developers. The platform provides pre-vetted code templates and a console or REST APIs for deploying smart contracts, potentially making it easier for traditional Web2 programmers to use. Circle also released a Gas Station tool that allows developers to pay for their users' gas fees, which could make onboarding users easier. The platform offers pre-vetted templates for creating various smart contracts, including non-fungible tokens, blockchain loyalty programs, and interactions with decentralized finance projects.
Circle will upgrade its Web3 wallet to let merchants pay customers’ gas fees
Circle Internet Financial, the issuer of the USDC stablecoin, released an upgraded version of its Web3 programmable encrypted wallet on Thursday. The wallet allows merchants to take over and pay for their customers' transaction fees.
According to the press release, this new feature called "Gas Station" allows businesses to use ERC-4337 to pay people to sponsor users' gas fees - the cost of transferring on the blockchain. Circle says the feature was initially launched on the Polygon (MATIC) mainnet and testnet, as well as the Ethereum (ETH) testnet, and will later be expanded to more blockchains.
Scam Sniffer: A user lost $367,000 to a phishing scam 4 hours ago
According to Scam Sniffer, about 4 hours ago, a user (with an address starting with 0x1797) lost $367,000 worth of USDC and DAI due to a cryptocurrency phishing scam. The victim approved token permissions by signing an "increaseAllowance" transaction for the fraudster.
Vitalik Buterin’s charitable entity Kanro currently holds approximately 75 million USDC but no ETH
Data from the Kanro (Vitalik Charity) wallet created by Arkham analysis and co-founder of Ethereum, Vitalik Buterin, shows that the current total value of cryptocurrencies held by the charity entity is close to $75 million, including about 74.567 million USC, 1000 MTV, and 3.724 million MVRS. However, the amount of ETH held within the charity entity shows zero. It is reported that Vitalik Buterin revealed in 2018 that he held about 0.9% of the total supply of ETH at that time, and his public address now shows a holding of about 250,000 ETH, with a total value of nearly $400 million.
Circle cross-chain transfer protocol has been launched on Solana Devnet
Circle announced on X platform that its cross-chain transfer protocol (CCTP) has been launched on Solana Devnet. CCTP enables secure USDC transfers between blockchains through native destruction and minting processes. After CCTP logs into the Solana mainnet, developers and users can transfer USDC from Ethereum and other networks to Solana without permission.
GnosisDAO withdrew 5,500 wstETH from Maker and sold 4,800 wstETH
According to Scopescan monitoring, GnosisDAO proposed to Maker to withdraw 5,500 wstETH (approximately $9.96 million), and then exchanged 4,800 wstETH for USDC (approximately $8.69 million) on CoW Swap.
A whale spent US$610,000 to buy 20.5 WBTC and then sold it after confirming the fake news, resulting in a loss of US$49,000.
According to Lookonchain monitoring, a whale spent $613,201 of USDC to purchase 20.5 WBTC and quickly sold them for $563,970 of USDC after confirming fake news, losing $49,231 in just 10 minutes.
Algorithmic Stablecoins: Will They Ever Find Enough Support?
Algorithmic stablecoins, as their name implies, are cryptocurrencies that use algorithms to maintain a stable value instead of being backed up by any sort of reserve asset as collateral. However, in reality, some algorithmic stablecoins have struggled to maintain a stable peg, while others have failed catastrophically.
