Giant whale 0xc30 sold 2,714 ETH 2 hours ago
According to Spot On Chain data monitoring, the whale 0xc30 sold 2,714 ETH at an average price of $1,530 through the intermediate address 0x46E two hours ago, and the selling price was 4.15 million USDC. Since October 9, he has sold a total of 3,265 ETH at an average price of $1,543, with a selling price of 5.04 million USDC. Currently, the whale still holds 4,448 ETH in two addresses, and is expected to lose about 2.3 million US dollars in ETH.
Coinbase: USDC Deposits and Withdrawals on Polygon Have Been Supported
October 11th, Coinbase Assets tweeted that Coinbase now supports deposits and withdrawals of USDC on Polygon. USDC deposits on Polygon are now open, and all bridged withdrawals will be converted to local withdrawals around 3am Beijing time on October 13th.Previously, native USDC had been launched on the Polygon PoS mainnet. With the addition of Polygon PoS, native USDC is now circulating on 15 different blockchain networks.
Coinbase extends USDC’s multi-chain availability to Polygon
Coinbase Assets announced in a tweet that Coinbase has expanded the multi-chain availability of USDC on Polygon. This release will bring more efficient USDC transactions and USDC deposits will be available on Polygon. All bridged withdrawals will be converted to local withdrawals at around noon Eastern Time on October 12th.
Circle Enables Minting of USDC on Polygon, Streamlining Transactions and Access to DeFi Applications
Circle, the stablecoin issuer, has launched a new initiative that allows users and developers to mint USD Coin (USDC) directly on the Ethereum layer-2 scaling protocol, Polygon. This eliminates the need to bridge the stablecoin from Ethereum to another blockchain, simplifying the process. The integration promises near-instant transactions with minimal fees, making it crucial for a range of applications, including payments, remittances, trading, borrowing, and lending. <br>
Circle Launches Euro-Backed Stablecoin on Stellar Blockchain for Aid Disbursement and Cross-Border Payments
Circle has launched its euro-backed stablecoin, EURC, on the Stellar blockchain, making it the third chain on which EURC is available. The stablecoin can be sent, spent, held, and traded around the world with low-cost, near-instant transactions. EURC will integrate with aid disbursement and cash assistance systems, and Circle plans to work with Stellar to provide financial assistance to those affected by humanitarian crises. Latin American crypto services provider, Ripio, is also expanding to Spain and adding EURC on Stellar to their in-app crypto wallet.
Circle Announces Partnership With Southeast Asia’s Multi-Functional Online Service Platform Grab
On September 14th, according to an official announcement, Circle announced a partnership with Southeast Asian multi-functional online service platform Grab to integrate Circle's new Web3 service platform into the Grab application, providing new Web3 wallet experiences for its customers in Singapore.
Analysis Shows Some Dollar-Pegged Stablecoins More Prone to Depegging Than Others
According to analysts at S&P Global, some dollar-pegged stablecoins are more prone to depegging than others, with Circle's USD Coin (USDC) and MakerDAO's Dai (DAI) being the most susceptible. A research paper from September examined the valuation and depegging of five leading stablecoins, including Tether (USDT), Binance USD (BUSD), Paxos (USDP), USDC, and DAI.
An Address Suffered a Phishing Attack and Lost $266,000 in USDC and DAI
According to Scam Sniffer monitoring, an address suffered a phishing attack 7 hours ago, resulting in a loss of approximately $266,000 worth of USDC and DAI.
A Whale Address Used 10.66 Million USDC To Buy 6,541 ETH on the Chain 6 Hours Ago
As monitored by on-chain analyst Yu Jin, 6 hours ago, a whale address bought 6541 ETH on-chain using 10.66 million USDC at an average price of $1630 per ETH. The USDC was converted to ETH at the 0x012 address, and then the ETH was transferred back to the original address.
Aave, Circle, Coinbase and Base Become Founding Members of the Tokenized Asset Alliance
On September 8th, according to Cointelegraph, Aave, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch, and RWA.xyz have formed the Tokenized Asset Alliance (TAC) and become its founding members. However, any organization that agrees with the vision of "creating a unified financial system on the blockchain" can join the TAC charter.
Circle Cross-Chain Transmission Protocol CCTP Has Been Launched on the Optimism Main Network and Plans To Be Launched on the Base Network
On September 6th,Circle announced on the X platform that its cross-chain transfer protocol CCTP had been launched on the Optimism mainnet. CCTP can now transfer USDC through 12 paths between 4 networks, including Ethereum, Avalanche, Arbitrum, and Optimism networks. In addition, Circle plans to introduce its cross-chain transfer protocol CCTP to the Base network.
Circle Suggests Adjustments to Cryptocurrency Guidelines Proposed by EU Regulators
September 6th, Circle has responded to the European Banking Authority's (EBA) public consultation on the proposal to "extend the scope of the anti-money laundering and counter-terrorism financing guidelines to include crypto asset service providers" and raised concerns about some of the terminology used in the proposal.
USDC Circulation Rebounds to 26.1 Billion Coins
According to data from Circle's official website, from August 24th to August 31st, Circle issued approximately 1.1 billion USDC and redeemed approximately 800 million USDC, increasing the circulation by approximately 300 million USDC. As of August 31st, the circulation of USDC was 26.1 billion and the reserve funds were 26.3 billion US dollars.
Circle Will Issue Native USDC on Cosmos via Noble
Circle will issue native USDC on Cosmos through Noble. This stablecoin can always be exchanged 1:1 for US dollars and has institutional deposit and withdrawal channels.
Circle Will Launch Native USDC on Optimism Next Week
According to official sources, Circle has announced that it will launch native USDC on Optimism next week. Prior to the launch of native USDC, the Ethereum bridge for USDC on the blockchain explorer will be renamed to USDC.e. Circle will also be reaching out to ecosystem applications to make the same changes to their application UI and documentation.In addition, Optimism will be working with ecosystem applications to provide a smooth transition of liquidity from USDC.e to USDC over time.
Circle will launch native USDC on Optimism next week
Circle will launch native USDC on Optimism next week. Prior to the launch of native USDC, the USDC on the Ethereum bridge on the blockchain explorer will be renamed to USDC.e. Circle will also reach out to ecosystem applications to make the same changes to their application UI and documentation. In addition, Optimism will work with ecosystem applications to provide a smooth transition of liquidity from USDC.e to USDC over time.
Circle and MercadoPago team up to offer USDC in Chile
Circle, the stablecoin issuer, has partnered with Latin American fintech company MercadoPago to offer USDC in Chile. MercadoPago's mobile app will allow users to purchase or sell USDC from as little as $0.05, or $50 Chilean pesos (CLP). The partnership is expected to make it easier for Chileans to access dollar-denominated stablecoins and will help the crypto economy leave behind the idea of "fringe finance."
Former Circle stablecoin vice president joins DeFi platform M^Zero as chief strategy officer
On August 30th, former Circle stablecoin vice president João Reginatto joined DeFi platform M^Zero as Chief Strategy Officer.
Earlier, it was reported that M^Zero announced the completion of a $22.5 million seed round in April of this year, led by Pantera Capital.
Circle to Launch Native USDC on Base Network Next Week
Circle's CEO Jeremy Allaire announced on social media that the company's stablecoin, USDC, will launch natively on the Base network next week. This new version will replace the current USDbC, which users currently rely on as a substitute. The Base team previously allowed users to bridge USDC from Ethereum via an official bridge app, but the new native version will eventually do away with the need for a bridged coin backed by the Ethereum version. <br>
Circle Director: Non-transferable digital assets not subject to MiCA regulatory framework
MiCA regulation of the European Union has attracted great attention as a milestone regulatory framework for the cryptocurrency industry. Aimed at comprehensively addressing the complexity of crypto assets, it has become the focus of discussion within the global cryptocurrency community. Patrick Hansen, the director of Circle, pointed out that utility tokens designed and used within specific networks are not bound by MiCA regulations. In addition, crypto asset products targeting less than 150 people in each EU member state or only qualified investors, with a total of less than 1 million euros within 12 months, are not within the scope of MiCA. Furthermore, non-transferable digital assets are not subject to the MiCA regulatory framework. It is worth noting that lending of crypto assets, including electronic currency tokens, is explicitly excluded from regulation. Cryptocurrency asset services provided in a "completely decentralized manner" are not subject to regulation. Similarly, crypto assets without identifiable issuers and lacking white papers are also not within the scope of MiCA.
